NetSuite Accelerates Vertical Strategy With Agreement to Acquire Professional Services...
First Nano Ships UHV SiGe Nanowire System to CEA / Grenoble, France
RONKONKOMA, N.Y., June 2 /PRNewswire-FirstCall/ -- First Nano, a division of CVD Equipment Corporation , announced today the shipment of a Silicon-Germanium Chemical Vapor Deposition System to CEA Grenoble. The EasyTube 3000, Easy Gas and Easy Exhaust systems were configured specifically for Silicon-Germanium Nanowires and are, to the best of our knowledge, the first commercial turn-key system offered for this type of material growth.
The CEA, French Atomic Energy Commission, is a public body established in 1945. As a leader in research, development and innovation, the CEA (http://www.cea.fr/english_portal) is active in three main fields: Energy, Information & Health Technologies and Defense & National Security. In each of these fields, the CEA maintains a cross-disciplinary culture of engineers and researchers, building upon the synergies between fundamental and technological research. The Silicon Nanoelectronics Photonics and Structures (SiNaPS) (http://inac.cea.fr/en/Phocea/Vie_des_labos/Ast/ast_groupe.php?id_groupe=152) laboratory is located in Grenoble, France within the Minatec(R) (http://www.minatec.com/minatec_uk/index.htm) center and belongs to the Institute for Nanoscience and Cryogenics of CEA (INAC) (http://inac.cea.fr/en/). The laboratory is committed to research on physics and optics of low-dimensional silicon based nanostructures and their applications to the emerging fields of nanophotonics and nanoelectronics.
The SiNaPS laboratory will use the system to further develop research programs on semiconductor nanowires. These programs are in close collaboration with the Laboratorie des Technologies de la Microelectronique (LTM) and the Centre National de la Recherche Scientifique (CNRS) which also took part in funding the system. "The purchase of the EasyTube3000 will enlarge the spectrum of our research with the growth of heterostructured nanowires, their doping, and with the possibility to extend the growth to a wide variety of other materials thanks to the liquid precursor kits. Our projects cover fundamental aspects (growth, carrier transport ... ) as well as potential applications (Nano Electronics, Solar Energy, Nanophotonics, MEMS and Sensors," states Pascal Gentile, Engineer from CEA.
To date, SiGe Nanowires have been produced in a few research laboratories by UHVCVD. It remains a challenge to control the diameter, length, uniformity and purity of the synthesized SiGe Nanowires because of their low dimensionality. First Nano's EasyTube ET3000 system provides the precise control of pressure, chemical delivery and temperature for SiGe Nanowire synthesis. "The integrated turn-key system expands our international installed base of equipment designed for enabling tomorrow's technology(TM)," states Gary Dyal, Director, Marketing/Sales of First Nano.
About First Nano and CVD Equipment Corporation:
First Nano, a division of CVD Equipment Corporation (http://cvdequipment.com/), is a designer and manufacturer of standard and custom state-of-the-art equipment used in the development, design and manufacture of advanced electronic components, materials and coatings for research and industrial applications. We offer a broad range of chemical vapor deposition, gas control, and other equipment that is used by our customers to research, design and manufacture Semiconductors, Solar Cells, Carbon Nanotubes, Nanowires, LEDs, MEMS and Industrial Coatings.
This press release contains forward-looking statements set within the meaning of the Private Securities Litigation Reform Act of 1995, except for historical information contained herein; the matters set forth in this news release are forward-looking statements. Readers should note that the forward- looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including, without limitation, the uncertainties discussed under the caption "Risk Factors" in the Company's Registration Statement on Form S-1 filed with the SEC on July 3, 2007, as subsequently amended, which discussion is incorporated herein by reference. Readers should also read the periodic filings and current Form 8-K reports of the Company.
CVD Equipment Corporation
CONTACT: Karen Hamberg for CVD Equipment Corporation, +1-631-981-7081,
or fax, +1-631-981-7095 or info@cvdequipment.com
Web site: http://cvdequipment.com/
http://www.cea.fr/english_portal
United Solar Ovonic Expanding -- Expects to Add 400 Jobs in Greenville, MichiganPositions to be Filled Within the Next Several Months
GREENVILLE, Mich., June 2 /PRNewswire-FirstCall/ -- United Solar Ovonic LLC, a wholly owned subsidiary of Energy Conversion Devices, Inc. and the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, announced today that it will begin hiring to accommodate the recently announced expansion to add 120MWs nameplate capacity to its existing Greenville Campus. With this expansion the total employment at the site is planned to reach approximately 800 team members.
Together with a previously announced expansion the company's nameplate capacity will expand to approximately 300MWs by the end of fiscal 2010.
"This is great news for our employees and the community. It takes a large pool of talented people for United Solar to build and ramp-up a solar production facility," said Gary DiDio, plant manager of United Solar Ovonic in Greenville, Michigan. "Greenville is a wonderful place to work. We were still very busy hiring for our initial production needs. The expansion will require an additional 400 employees. The majority of our hiring will be for production technicians, but there are immediate needs for supervisors, engineers, and many other roles," he added.
Greenville is located approximately 35 miles northeast of Grand Rapids. Candidates interested in a career in the solar manufacturing industry should review all open postings on the company's website, http://www.uni-solar.com/. Many jobs can be applied to directly via email, however, all candidates interested in applying for a production technician job must apply through the Michigan Works office in Greenville. For more information contact Michigan Works at 616-754-3611 or go to http://www.camwc.org/ to get an application packet.
About United Solar Ovonic
United Solar Ovonic, a subsidiary of Energy Conversion Devices, Inc. , is the leader in building integrated and commercial rooftop photovoltaics, one of the fastest growing segments of the solar power industry. The company manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. Distributed globally under the UNI-SOLAR(R) brand, the company's products are ideally suited for cost-effective solar roofing solutions because they are lightweight, durable, flexible, can be integrated directly with building materials, and generate more energy in real-world conditions. For more information, please visit http://www.uni-solar.com/ and http://www.ovonic.com/.
This release may contain forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on assumptions which ECD, as of the date of this release, believes to be reasonable and appropriate. ECD cautions, however, that the actual facts and conditions that may exist in the future could vary materially from the assumed facts and conditions upon which such forward-looking statements are based. The risk factors identified in the ECD filings with the Securities and Exchange Commission, including the company's most recent Annual Report on Form 10-K, could impact any forward- looking statements contained in this release.
United Solar Ovonic LLC
CONTACT: Mark T. Trinske, Vice President, Investor Relations & Corporate
Communications of Energy Conversion Devices, Inc., +1-248-299-6063
Web site: http://www.uni-solar.com/
http://www.ovonic.com/
http://www.camwc.org/
Media General to Present at the 2008 Deutsche Bank Media & Telecommunications Conference
RICHMOND, Va., June 2 /PRNewswire-FirstCall/ -- Media General, Inc. will present at the 2008 Deutsche Bank Media & Telecommunications Conference on Tuesday, June 10, 2008, at 8:50 a.m. in New York, N.Y. Marshall N. Morton, president and chief executive officer, Reid Ashe, executive vice president and chief operating officer, and John A. Schauss, vice president-finance and chief financial officer, will provide an update on the company's performance, business strategy and outlook.
The presentation will be Webcast live and accessible from a link on the company's Web site at http://www.mediageneral.com/. Media General will issue a press release summarizing the remarks. The press release and the full text of the presentation will be posted to the homepage of the company's Web site on June 10. A replay of the Webcast will be available on the homepage of the company's Web site for 90 days.
About Media General
Media General is a leading provider of local news, information and entertainment over multiple media platforms. The company serves markets primarily in the Southeastern United States. Media General publishes 25 daily newspapers, including The Tampa Tribune, Richmond Times-Dispatch, and Winston-Salem Journal; and community newspapers in Virginia, North Carolina, Florida, Alabama and South Carolina; plus approximately 275 weekly newspapers and other targeted publications. The company owns and operates 22 network-affiliated television stations that reach more than 30 percent of the television households in the Southeast and 9 percent of those in the United States. The company's interactive media operations include Web sites and portals that are associated with each of its newspapers and television stations as well as with many specialty publications, and two growing interactive advertising services companies, Blockdot, Inc. and DealTaker.com.
Media General, Inc.
CONTACT: Ray Kozakewicz, +1-804-649-6748, or Investors, Lou Anne J.
Nabhan, +1-804-649-6103, both of Media General, Inc.
Web site: http://www.mediageneral.com/
Nickelodeon's Slime Across America Tour Hits a High Note This Summer with Addition of Sony BMG Musical Acts Tiffany Evans and MenudoNetwork Kicks Off Summer Slime Campaign with June 7 Tour Launch, New Slime-Themed Game and Online Destination
NEW YORK, June 2 /PRNewswire/ -- Nickelodeon launches a slime-filled summer this June as a new Slime Across America tour hits the road with musical performances by Sony BMG recording artists Tiffany Evans and Menudo; new slimy games online and an online slime destination on Nick.com. Nick's 18-wheel Slime Mobile visits 10 cities beginning June 7 and features an enhanced truck and stage, and new iCarly and The Naked Brothers Band-themed activity pods. The tour will travel to New York; Chicago; Los Angeles; Philadelphia; Dallas; Miami; Atlanta; San Francisco; and Detroit. Last summer's Slime Across America tour doused more than 40,000 kids in 40 cities with the Nickelodeon's iconic green slime. Kids will also be able to experience the summer slime fest online with Nick's brand new slime-themed multiplayer online game and website http://www.nick.com/slime.
"Slime Across America is a great way to give kids and families the hands on experience of Nickelodeon's most coveted honor of being slimed," said Pam Kaufman, Chief Marketing Officer, Nickelodeon Kids and Family Group. "This summer we are enhancing the tour by linking up with our network partner, Sony Music Label, to add Tiffany Evans and Menudo, and showcasing our hottest properties like iCarly."
This summer http://www.nick.com/slime will serve as the online destination for fans of the network's green ooze. The site, which launches June 2, features the first multi-player game on Nick.com, 3D-Multi-player Nicktoons SlimeBall. In 3D SlimeBall, up to four players can battle it out simultaneously for SlimeBall supremacy, choosing among avatars from Nickelodeon hit shows. The slime-central site will also include: slime e-cards kids can send to their friends; an area where kids can use their Slime Pass to download and share their Virtual Slimings, iCarly scene or The Naked Brothers Band Karaoke videos with friends; downloadable MP3s from tour performers Menudo and Tiffany Evans; Slime Across America tour dates and locations; message boards; and more.
The 2008 Slime Across America tour will feature:
-- An iCarly scene pod, where kids can act out a scene from Nickelodeon's
hit TEENick show.
-- The Naked Brothers Band Karaoke pod, where kids can record themselves
performing their favorite Nick-themed songs and more. Every kid who
participates in one of the pod activities will be given a Slime Pass to
use at home to download videos of their performance from the official
Slime Across America website http://www.nick.com/slime.
-- Various games and attractions including: a Nick Live! Slime Edition
interactive stage show; a virtual sliming zone; Nickelodeon; product
giveaways; and of course, the opportunity for kids to get slimed.
Nickelodeon's revamped 18-wheel Slime Mobile has adopted more environmentally friendly practices like using biodiesel fuel and solar panels to power the Slime Mobile Virtual Slime Station. At each stop, recycling will be offered and Nickelodeon and attendees will plant a tree.
The Slime Across America Tour will bring the slime to 10 cities this summer, including:
-- June 7 Chicago, IL -- Navy Pier -- Gateway Park
-- June 15 Philadelphia, PA -- Penn's Landing
-- June 20 Dallas, TX -- Fair Park
-- June 28 Atlanta, GA -- Centennial Olympic Park
-- July 12 Detroit, MI -- Rivard Plaza at Detroit International
Riverfront
-- July 19 Miami, FL -- Bicentennial Park
-- July 26 Los Angeles, CA -- Venice Beach Boardwalk
-- August 2 San Francisco, CA -- Golden Gate Park
-- August 9 Staten Island, NY -- Snug Harbor Cultural Center
-- August 17 New York -- Flushing Meadows Corona Park
Locations and times for the tour will be continuously updated on http://www.nick.com/slime.
Nickelodeon, now in its 29th year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The company includes television programming and production in the United States and around the world, plus consumer products, online, recreation, books, magazines and feature films. Nickelodeon's U.S. television network is seen in more than 96 million households and has been the number-one-rated basic cable network for more than 13 consecutive years. Nickelodeon and all related titles, characters and logos are trademarks of Viacom Inc. .
Nickelodeon
CONTACT: Joanna Roses, +1-212-846-7326, or Thamar Romero,
+1-212-846-7491, or Tori Fernandes, +1-212-846-4942, all of Nickelodeon
Web site: http://www.nick.com/
http://www.nick.com/slime
Antitrust Waiting Period Expires on Allscripts-Misys Merger AgreementRegulatory Hurdle Clears Way for Approval of Merger
CHICAGO, June 2 /PRNewswire-FirstCall/ -- Allscripts, the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare, announced today that the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976, with respect to the merger agreement announced on March 18, 2008 between Allscripts and Misys Healthcare to form Allscripts-Misys Healthcare Solutions, Inc., has expired.
(Logo: http://www.newscom.com/cgi-bin/prnh/20061005/ALLSCRIPTSLOGO-b)
The expiration of the Hart-Scott-Rodino waiting period satisfies one of the closing conditions. The transaction remains subject to other customary closing conditions.
Misys Healthcare is a division of Misys plc (FTSE: MSY.L), the global applications software and services company.
About Allscripts
Allscripts is the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare. The company's unique solutions inform, connect and transform healthcare, delivering improved care at lower cost. More than 40,000 physicians and thousands of other healthcare professionals in clinics, hospitals and extended care facilities nationwide utilize Allscripts to automate everyday tasks such as writing prescriptions, documenting patient care, managing billing and scheduling, and safely discharging patients, as well as to connect with key information and stakeholders in the healthcare system. To learn more, visit Allscripts at http://www.allscripts.com/.
This announcement may contain forward-looking statements about Allscripts Healthcare Solutions that involve risks and uncertainties. These statements are developed by combining currently available information with Allscripts beliefs and assumptions. Forward-looking statements do not guarantee future performance. Because Allscripts cannot predict all of the risks and uncertainties that may affect it, or control the ones it does predict, Allscripts' actual results may be materially different from the results expressed in its forward-looking statements. For a more complete discussion of the risks, uncertainties and assumptions that may affect Allscripts, see the Company's 2007 Annual Report on Form 10-K, available through the Web site maintained by the Securities and Exchange Commission at http://www.sec.gov/.
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Allscripts
CONTACT: Dan Michelson, Chief Marketing Officer, +1-312-506-1217,
dan.michelson@allscripts.com, or Todd Stein, Senior Manager-Public Relations,
+1-312-506-1216, todd.stein@allscripts.com, or Bill Davis, Chief Financial
Officer,
+1-312-506-1211, bill.davis@allscripts.com, all of Allscripts
Web site: http://www.allscripts.com/
Cogent Communications CEO to Present at Deutsche Bank and Wachovia Conferences
WASHINGTON, June 2 /PRNewswire-FirstCall/ -- Cogent Communications Group, Inc. , one of the largest Ethernet Internet service providers in the world, today announced that Dave Schaeffer, chief executive officer, will present at the following investor-relations conferences:
(Logo: http://www.newscom.com/cgi-bin/prnh/20020204/DCM032LOGO )
Deutsche Bank's 2008 Media & Telecommunications Conference is being held
in at the New York Palace Hotel. Dave Schaeffer will be presenting on
Monday, June 9th at 9:50 AM ET.
18th Annual Wachovia Nantucket Equity Conference is being held at the
White Elephant on Nantucket Island, MA. Dave Schaeffer will be presenting
on Tuesday, June 24th at 10:45 AM ET.
Investors and other interested parties may access live audio webcasts of these presentations by going to the Investor Relations section of Cogent's website (http://www.cogentco.com/us/ir_events.php) to access the links to the live audio webcasts. A replay of each webcast will be available on Cogent's IR website for 30 days following the presentation.
About Cogent Communications
Cogent Communications is a multinational, Tier 1 facilities-based ISP, operating one of the largest capacity IP networks in the world with lit capacities ranging from 80 to 200 Gigabits per second. Cogent specializes in providing businesses with high speed Internet access and point- to-point transport services. Cogent's facilities-based, all-optical IP network backbone provides IP services in over 100 markets located in North America and Europe.
Since Cogent's inception, Cogent has unleashed the benefits of IP technology, building one of the largest and highest capacity IP networks in existence. This network enables Cogent to offer large bandwidth connections at highly competitive prices. Cogent Communications is headquartered at 1015 31st Street, NW, Washington, D.C. 20007. For more information, visit http://www.cogentco.com/. Cogent Communications can be reached in the United States at (202) 295-4200 or via email at info@cogentco.com.
Information in this release may involve expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Cogent Communications Group, Inc. as of the date of the release, and we assume no obligation to update any such forward-looking statement. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. Some of the factors and risks associated with our business are discussed in Cogent's registration statements filed with the Securities and Exchange Commission and in its other reports filed from time to time with the SEC.
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Cogent Communications Group, Inc.
CONTACT: Public Relations, Jeff Henriksen, +1-202-295-4200,
jhenriksen@cogentco.com, or Investor Relations, John Chang, +1-202-295-4212,
investor.relations@cogentco.com
Web site: http://www.cogentco.com/
Pulse 87 Estimates Listeners at Over 450,000 Per Week
NEW YORK, June 2 /PRNewswire-FirstCall/ -- Pulse 87 FM, a subsidiary of Mega Media Group, Inc., (MMDA.OB) (http://www.megamediagroup.com/), New York's new Rhythmic Top 40 radio station announced today that based on certain estimates and internal projections the weekly audience has exceeded over 450,000 listeners including on-line streaming. Pulse will be rated under Arbitron PPM system, which is scheduled to go currency for the New York Market in September 2008.
http://www.pulse87.com/, the web portal which was re-launched in May to appeal directly to our target audience of 18-49, reached over 60,000 visits, 19 million hits and over 125,000 Live Steaming Sessions for the month of May.
Commenting on the announcement, Mega Media's CEO Alex Shvarts stated, "Pulse 87 is a new multi-cultural voice for the New York tri-state area. After three months we are quite pleased with the reaction our format is generating; we are striving to attain a much larger audience by the September roll out of PPM. Only PPM is able to provide us with this data on this new voice in the market."
About Mega Media Group
Mega Media Group, Inc. is a multimedia entertainment holding company with several subsidiaries that offer a broad range of services.
The divisions include recording, music production and distribution, video production, radio broadcasting, and Pulse87 -- a Rhythmic Top 40 Radio station serving the New York tri-state area.
Safe Harbor Statement: This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Mega Media Group's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statements. All information provided in this press release is as of June 2, 2008, and Mega Media Group undertakes no duty to update such information, except as required under applicable law.
PRESS INQUIRIES: Investor Relations, 718-947-1100 or IR@megamediagroup.com
Mega Media Group, Inc.
CONTACT: Investor Relations, +1-718-947-1100 or IR@megamediagroup.com
Web site: http://www.megamediagroup.com/
http://www.pulse87.com/
PR Newswire Brings Political Media Technology Panel to the Mile High City
DENVER, June 2 /PRNewswire/ -- PR Newswire and Level 3 Communications will offer a unique opportunity to learn from industry leaders about how technology is enabling changes in politics and the media at "Getting Your News Noticed" a seminar to be presented on June 5 at the Denver City Center Marriott in Denver, Colorado.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000306/PRNLOGO )
About 'Getting Your News Noticed'
The Internet is transforming communications and the current presidential election is no different. Today, candidates reach out to the public via online debates, 24-hour news feeds, and social networking Web sites. Similarly, these online tools offer the public new outlets to engage in the political process and exercise greater influence over the candidates and issues than ever before.
The impact of the Internet is not only reshaping elections, but it also impacting how the media covers political campaigns and key events, such as the Democratic National Convention, to be held in Denver this August.
Some of the topics that will be covered include:
-- Online convergence of politics and technology
-- Impact of the Internet on the news media coverage
-- Best practices in navigating online news sources
-- There will also be an opportunity to ask questions after the
discussion.
About the Panelists:
-- Chuck Plunkett - A 12-year journalism veteran and current political
reporter for The Denver Post and http://www.politicswest.com/.
-- Adam Schrager - An experienced reporter, producer, and television
anchor, currently working as the 9News KUSA legislative reporter.
-- Wendy Norris - An entrepreneurial political columnist who is the
founder and managing editor of Unbossed.com, a columnist for the Rocky
Mountain Chronicle, and a contributing writer to The Colorado
Independent (http://www.coloradoindependent.com/).
-- Luc Hatlestad - A senior editor with 5280 Magazine and an accomplished
writer and editor with a background in technology and business.
The panel will be moderated by Grant van Rooyen, President of Content Markets Group at Level 3 Communications.
Date:
Thursday, June 5, 2008
Place:
Marriott -- Denver City Center
1701 California Street
Denver, CO 80202
Time:
Breakfast and Registration: 8:30 AM - 9:00 AM
Presentation: 9:00 AM - 10:30 AM
Continental breakfast will be served.
Cost:
Complimentary
To register:
https://app.campaignerpro.com/CampaignerPro/Public/Form.aspx?fid=64211
For additional information, call 866-290-9691, or e-mail david.korvah@prnewswire.com.
PR Newswire is the Official Newswire Services Provider of the 2008 Democratic National Convention; Level 3 is the Official Live Video and Content Delivery Services Provider for the 2008 Democratic National Convention.
About PR Newswire
PR Newswire Association LLC (http://www.prnewswire.com/) provides electronic distribution, targeting, measurement and broadcast services on behalf of tens of thousands of corporate, government, association, labor, non-profit, and other customers worldwide. Using PR Newswire, these organizations reach a variety of critical audiences including the news media, the investment community, government decision-makers, and the general public with their up-to-the-minute, full-text news developments.
Established in 1954, PR Newswire has offices in 14 countries and routinely sends its customers' news to outlets in 170 countries and in more than 40 languages. Utilizing the latest in communications technology, PR Newswire content is considered a mainstay among news reporters, investors and individuals who seek breaking news from the source. PR Newswire's leading services include ProfNet(SM), eWatch(TM), MEDIAtlas(TM), Search Engine Optimization, MediaRoom, MediaSense(TM), MultiVu(TM), U.S. Newswire, the preeminent policy newswire in the industry, and Vintage Filings, the fastest growing Edgar filing company, and Hispanic PR Wire, LatinClips and Hispanic Digital Network, the foremost Hispanic communications services. PR Newswire is a subsidiary of United Business Media plc of London.
CONTACT: Rachel Meranus, Vice President, Public Relations, PR Newswire, +1-201-360-6776 or rachel.meranus@prnewswire.com
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PR Newswire Association LLC
CONTACT: Rachel Meranus, Vice President, Public Relations, PR Newswire,
+1-201-360-6776, or rachel.meranus@prnewswire.com
Web site: http://www.prnewswire.com/
General Dynamics Awarded $40 Million NAVSEA Contract to Support Undersea Optic and Sensor Systems
FAIRFAX, Va., June 2 /PRNewswire-FirstCall/ -- General Dynamics Information Technology, a business unit of General Dynamics , has been awarded a contract by Naval Sea Systems Command (NAVSEA) to provide the Naval Undersea Warfare Center Division Newport (NUWCDIVNPT) with support for submarine periscope, photonic, electro-optic and electromagnetic systems. The contract has a total potential value of $40.4 million over five years if all options are exercised.
Under the contract, General Dynamics will provide program management and technical and engineering support for specific NAVSEA undersea periscope and sensor system requirements. General Dynamics will provide NAVSEA with maintenance capabilities that help ensure the constant readiness of the U.S. Navy's submarine fleet.
"The Naval Undersea Warfare Center Division Newport plays a critical role in fostering innovation and supporting modernization to ensure the U.S. Navy's continued undersea leadership position," said Ken Slaght, vice president and general manager Navy Systems Maritime Systems Sector for General Dynamics Information Technology. "General Dynamics is combining focused periscope and sensor system expertise and rapid responsiveness to support the U.S. Navy's global submarine fleet requirements."
NUWCDIVNPT ensures the U.S. Navy's undersea superiority by providing fleet support that includes research, development, test and evaluation, engineering and systems maintenance of submarines, autonomous underwater systems, and offensive and defensive weapons systems.
As a trusted systems integrator for more than 50 years, General Dynamics Information Technology provides information technology (IT), systems engineering and professional services to customers in the defense, intelligence, homeland security, federal civil, international and commercial sectors. With 15,000 professionals worldwide, the company manages large-scale, mission-critical IT programs delivering IT services and enterprise solutions. More information about General Dynamics Information Technology is available at http://www.gdit.com/.
General Dynamics, headquartered in Falls Church, Va., employs approximately 84,000 people worldwide and reported 2007 revenues of $27.2 billion. The company has leading market positions in mission critical information systems and technologies, land and amphibious combat systems, shipbuilding and marine systems, and business aviation. More information about the company is available on the Internet at http://www.generaldynamics.com/.
General Dynamics Information Technology
CONTACT: Mark Meudt of General Dynamics Information Technology,
+1-703-246-0525, Fax: +1-703-246-0206, Mark.Meudt@gdit.com
Web site: http://www.gdit.com/
http://www.generaldynamics.com/
CIBER Hires Frederick J. Mendes as Vice President of New Business Development for Federal Government Solutions Division
MCLEAN, Va., June 2 /PRNewswire-FirstCall/ -- CIBER Federal Government Solutions, a division of CIBER, Inc. , today announced that Frederick J. Mendes has joined the company as Vice President of New Business Development. In this role, Mendes will be responsible for creating new opportunities to fuel the growth of the division.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010927/CBRLOGO)
"Our focus is on aggressively growing our Federal market share, and Mr. Mendes has the right set of skills to help us get there. His addition to the team strengthens our capability to win major opportunities," said Marcia Kim, President, CIBER Federal Government Solutions.
Mendes is a 23 year veteran of Computer Sciences Corporation (CSC). Over the course of his career, he served in both operational and business development leadership roles. Most recently, he focused his business development talents on winning large, complex programs supporting the U.S. Navy, U.S. Air Force and the National Aeronautics and Space Administration (NASA).
Mendes holds a Bachelor of Science degree in Business Management from LaVerne University in LaVerne, Calif., and a Master of Science degree in Systems Management from Golden Gate University in San Francisco.
About CIBER, Inc.
CIBER, Inc. is a pure-play international system integration consultancy with superior value-priced services and reliable delivery for both private and government sector clients. CIBER's services are offered globally on a project- or strategic-staffing basis, in both custom and enterprise resource planning (ERP) package environments, and across all technology platforms, operating systems and infrastructures. Founded in 1974 and headquartered in Greenwood Village, Colo., CIBER now serves client businesses from over 60 U.S. offices, 25 European offices and seven offices in Asia/Pacific. Operating in 18 countries, with more than 8,500 employees and annual revenue of approximately $1.2 billion, CIBER and its IT specialists continuously build and upgrade clients' systems to "competitive advantage status." CIBER is included in the Russell 2000 Index and the S&P Small Cap 600 Index. CIBER, the Reliable Global IT Services Partner. http://www.ciber.com/.
Forward-Looking and Cautionary Statements Statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. CIBER undertakes neither intention nor obligation to publicly update or revise any forward-looking statements. CIBER and the CIBER logo are trademarks or registered trademarks of CIBER, Inc. Copyright(C) 2008.
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CIBER, Inc.
CONTACT: Diane Stoner, Media Relations, dstoner@ciber.com, or Jennifer
Matuschek, Investor Relations, jmatuschek@ciber.com, both of CIBER, Inc.,
+1-303-220-0100
Web site: http://www.ciber.com/
LendProtect UK Ltd. Launches United Kingdom's First Online Credit Scoring and Identity Verification Service Focused on the Under-Banked Consumer MarketAppoints U.K. Managing Director to Manage Rapid Growth in Short Term Lending Sector
MARIETTA, Ga. and LONDON, June 2 /PRNewswire/ -- LendProtect UK Ltd., a subsidiary of FactorTrust, Inc. a leading global provider of consumer risk management and identity verification services for the Alternative Financial Services industry, today announced the appointment of Michael Shaw as Managing Director of U.K. Operations. Mr. Shaw is based at the LendProtect UK Ltd. headquarters located at Longcroft House, 2/8 Victoria Avenue, London EC2 4NS.
Mr. Shaw brings more than 20 years of sales, marketing and general management experience to LendProtect UK Ltd., where he will lead the rapid growth of the company's U.K. operations. Prior to joining LendProtect UK Ltd., Mr. Shaw managed the UK business operations for both small and large companies. Most recently, spending over 10 years with Premiere Global Services, Inc. , a $560 million global provider of on-demand business process improvement solutions, where he was responsible for sales and marketing to financial services companies throughout Europe, including the world's largest commercial and investment banks.
"We are very pleased to have Michael join our team as we establish our position as the leading provider of consumer risk management and identity verification services in the U.K. His deep knowledge of the financial services industry and its core business processes provides him with a keen understanding of our customers' operations, and enables him to deliver value- added solutions. He is quickly building strong relationships with key customers and establishing a sound reputation in the U.K. market," said Greg Rable, FactorTrust CEO.
About FactorTrust & LendProtect UK Ltd.:
FactorTrust is a leading Credit Reporting Agency (CRA) and provider of consumer risk management and identity verification services for Alternative Financial Services providers serving the under-banked consumer market. FactorTrust's LendProtect solution effectively predicts risk by combining consumer credit data with public record, and alternative data sources to provide a comprehensive view of each consumer's credit history and identity. FactorTrust's industry leading position and rapid growth are attributable to the quality of our service, our focus on serving our customers and the belief that our ultimate success is directly tied to the success of our clients.
For more information, visit http://www.factortrust.com/ or http://www.lendprotect.co.uk/
FactorTrust, Inc.
CONTACT: Mike Shaw, Managing Director, LendProtect (UK) Ltd,
+44 (0) 20 3206 1208; or John Gordon, Vice President, Sales, FactorTrust,
Inc., +1-678-391-7084
Web site: http://www.factortrust.com/
http://www.lendprotect.co.uk/
Preformed Line Products Announces the Divestiture of its Data Communications Business Superior Modular Products Incorporated
MAYFIELD VILLAGE, Ohio, June 2 /PRNewswire-FirstCall/ -- Preformed Line Products Company ("PLP") announced today the sale of its Superior Modular Products ("SMP") business unit to Optical Cable Corporation ("OCC") on May 30, 2008. Located in Asheville, North Carolina, SMP designs, manufactures and markets innovative copper and fiber optic connectivity solutions for the data communications market.
The divestiture of SMP will allow PLP to concentrate resources on growth opportunities in its primary markets of power utility, communications and renewable energy. "This divestiture allows us to further strengthen our focus on core markets and customers. The sale to OCC provided an opportunity for SMP to merge with a strategic buyer that is well positioned to grow the business and extend its reach within the data communications market," said Dennis McKenna, Vice President, Marketing and Business Development at PLP.
"SMP Data Communications is an internationally respected and industry-leading innovator in copper and fiber optic connectivity products. Optical Cable now has the high quality fiber optic and copper connectivity products necessary for us to offer an integrated suite of high quality cabling and connectivity solutions," stated Neil Wilkin, President and CEO of Optical Cable Corporation.
Founded in 1947, Preformed Line Products is an international designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for energy, communications and broadband network companies. Headquartered in Cleveland, Ohio, the Company operates three domestic manufacturing centers, located in Rogers, Arkansas, Albuquerque, New Mexico and Albemarle, North Carolina. PLP serves worldwide markets through international operations in Australia, Brazil, Canada, China, England, Mexico, New Zealand, Poland, South Africa, Spain and Thailand.
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the Company, including those statements regarding the Company's and management's beliefs and expectations concerning the Company's future performance or anticipated financial results, among others. Except for historical information, the matters discussed in this release are forward-looking statements that involve risks and uncertainties which may cause results to differ materially from those set forth in those statements. Among other things, factors that could cause actual results to differ materially from those expressed in such forward-looking statements include the strength of the economy and demand for the Company's products, increases in raw material prices, the Company's ability to identify, complete and integrate acquisitions for profitable growth, and other factors described under the heading "Forward-Looking Statements" in the Company's Form 10-K filed with the SEC on April 7, 2008. The Form 10-K and the Company's other filings with the SEC can be found on the SEC's website at http://www.sec.gov/ . The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Preformed Line Products Company
CONTACT: Dennis McKenna, Vice President, Marketing & Global Business
Development of Preformed Line Products Company, +1-440-461-5200,
Fax: +1-440-442-8816
Web site: http://www.preformed.com/
Six West Virginia Graduates Awarded Verizon Foundation ScholarshipsMore Than $4.6 Million in Scholarships to Benefit 933 Children of Verizon Employees Across the Country
CHARLESTON, W.Va., June 2 /PRNewswire/ -- Six West Virginia graduates whose parents work for Verizon have received good news: They are among 933 students nationwide who have earned college scholarships from the Verizon Foundation.
These scholars will receive scholarships for the 2008-2009 academic year through Verizon's scholarship program for the children and dependents of company employees. Each student will receive $5,000 annually toward his or her college expenses and is eligible to receive a maximum award of $20,000 throughout four years of college.
This year's recipients are:
-- Mark Gray of Bridgeport, son of employee Lesa Gray, who plans to attend
Fairmont State University.
-- Sheena Jones of Grafton, daughter of employee Timothy Spencer, who
plans to attend West Virginia University.
-- Zachary Miller of Bridgeport, son of employee Corby Miller, who plans
to attend West Virginia University.
-- Carrie Mitchell of Huntington, daughter of employee Dennis Leonard, who
plans to attend Ohio University.
-- Jonathan Tincher of Dunbar, son of employee James Tincher, who plans to
attend St. John's College in Annapolis, Md.
-- Derek Vance of Poca, son of employee Judy Vance, who plans to attend
Brown University in Providence, R.I.
Verizon's scholarship program selects recipients based on financial need, academic achievement and extracurricular activities. The scholarships are for high school seniors who plan to attend an accredited four-year institution.
Since 2001, more than 2,050 students from across the country have benefited from the scholarship program, which has invested almost $32.3 million toward the college education of children and dependents of Verizon employees. For the 2008-2009 academic year, the Verizon Foundation will invest approximately $4.6 million toward the education of 933 Verizon scholars, 250 freshmen and 683 upperclassmen.
"At Verizon, we pride ourselves in being a great place to work, but this scholarship program is more than a great benefit to our employees and their children," said B. Keith Fulton, president of Verizon West Virginia. "It's a significant investment in our future leaders and in the future of our communities."
The Verizon Foundation awards the scholarships in partnership with Scholarship America, the nation's largest nonprofit, private sector scholarship and educational support organization, which was founded in 1958.
A list of Verizon scholars is available on the Verizon Foundation Web site, at http://www.verizon.com/foundation.
The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its signature program, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2007, the foundation awarded more than $67.4 million in grants to nonprofit agencies in the United States and abroad. The foundation also matched the charitable donations of Verizon employees and retirees, resulting in $25.1 million in combined contributions. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since Verizon's inception in 2000.
For more information on the foundation, visit http://www.verizon.com/foundation.
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 more than 67 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 employed a diverse workforce of approximately 232,000 as of the end of the first quarter 2008 and last year generated consolidated operating revenues of $93.5 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: Sandra Arnette of Verizon, +1-410-393-7109,
sandra.u.arnette@verizon.com
Web site: http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Fourteen Virginia Graduates Awarded Verizon Foundation ScholarshipsMore Than $4.6 Million in Scholarships to Benefit 933 Children of Verizon Employees Across the Country
RICHMOND, Va., June 2 /PRNewswire/ -- Fourteen Virginia graduates whose parents work for Verizon have received good news: They are among 933 students nationwide who have earned college scholarships from the Verizon Foundation.
These scholars will receive scholarships for the 2008-2009 academic year through Verizon's scholarship program for the children and dependents of company employees. Each student will receive $5,000 annually toward his or her college expenses and is eligible to receive a maximum award of $20,000 throughout four years of college.
The winners include five from Northern Virginia, five from the Richmond area, two from the Culpeper area, and one each from Virginia Beach and Winchester. This year's recipients are:
-- Kristen Bowman of Richmond, daughter of employee Michelle Asbury, who
plans to attend Virginia Commonwealth University.
-- Kyra Jefferson-George of Annandale, daughter of employee Samuel George,
who plans to attend Yale University.
-- Lindsay Johnson of Falls Church, daughter of employee David Johnson,
who plans to attend Virginia Tech.
-- Sarah Kennedy of Mechanicsville, daughter of employee George Kennedy
Jr., who plans to attend the University of South Carolina.
-- Briann Michael of Winchester, daughter of employee Rex Michael, who
plans to attend Shepherd University in Shepherdstown, W.Va.
-- Cameron Morse of Sumerduck, son of employee Archie Morse, who plans to
attend Virginia Commonwealth University.
-- Chloe Morse of Sumerduck, daughter of employee Archie Morse, who plans
to attend Winston-Salem University in Winston-Salem, N.C.
-- Brittany Savage of Fairfax, daughter of employee David Hawkins, who
plans to attend the College of William and Mary.
-- Margaret Savage of Virginia Beach, daughter of employee Michael Savage,
who plans to attend James Madison University.
-- Bewketu Tamir of Springfield, son of employee Yibeltal Tamir, who plans
to attend the College of William and Mary.
-- Tigist Tamir of Springfield, daughter of employee Yibeltal Tamir, who
plans to attend the College of William and Mary.
-- Anne Trimmer of Midlothian, daughter of employee Anne Trimmer, who
plans to attend Marshall University in Huntington, W.Va.
-- Caitlin Walsh of Mechanicsville, daughter of employee Charles Walsh,
who plans to attend Virginia Commonwealth University.
-- Jesse Williams of Richmond, son of employee Thea Castellani Williams,
who plans to attend Virginia Commonwealth University.
Verizon's scholarship program selects recipients based on financial need, academic achievement and extracurricular activities. The scholarships are for high school seniors who plan to attend an accredited four-year institution.
Since 2001, more than 2,050 students from across the country have benefited from the scholarship program, which has invested almost $32.3 million toward the college education of children and dependents of Verizon employees. For the 2008-2009 academic year, the Verizon Foundation will invest approximately $4.6 million toward the education of 933 Verizon scholars, 250 freshmen and 683 upperclassmen.
"At Verizon, we pride ourselves in being a great place to work, but this scholarship program is more than a great benefit to our employees and their children," said Robert W. Woltz Jr., president of Verizon Virginia. "It's a significant investment in our future leaders and in the future of our communities."
The Verizon Foundation awards the scholarships in partnership with Scholarship America, the nation's largest nonprofit, private sector scholarship and educational support organization, which was founded in 1958.
A list of Verizon scholars is available on the Verizon Foundation Web site, at http://www.verizon.com/foundation.
The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its signature program, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2007, the foundation awarded more than $67.4 million in grants to nonprofit agencies in the United States and abroad. The foundation also matched the charitable donations of Verizon employees and retirees, resulting in $25.1 million in combined contributions. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since Verizon's inception in 2000.
For more information on the foundation, visit http://www.verizon.com/foundation.
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 more than 67 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 employed a diverse workforce of approximately 232,000 as of the end of the first quarter 2008 and last year generated consolidated operating revenues of $93.5 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: Harry Mitchell of Verizon, +1-804-772-1460,
harry.j.mitchell@verizon.com
Web site: http://www.verizon.com/
http://www.verizon.com/foundation
http://www.verizon.com/news
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Mikros Systems to Participate in U.S. Navy's Small Business Innovation Research Opportunity Forum
PRINCETON, N.J., June 2 /PRNewswire-FirstCall/ -- Mikros Systems Corporation (BULLETIN BOARD: MKRS) , announced today that it will participate in the U.S. Navy's 8th SBIR Opportunity Forum, to be held at the Hyatt Regency Crystal City in Arlington, VA beginning June 2nd and ending June 4th. The theme of this year's forum is "Transitioning Technology to the Fleet" and Mikros will be showcasing its test automation and wireless network programs, both funded under the SBIR program.
The Opportunity Forum features presentations and exhibits by 200 small businesses, and provides a key opportunity for Navy and prime contractor acquisition personnel and program managers to develop relationships with small businesses that offer innovative technologies to complement their systems capabilities.
"We have worked successfully with major Navy prime contractors to transition our ADEPT test automation products to the Fleet," said Marc Dalby, Director of Program Development at Mikros. "At the forum this year, we will be focusing on our AIRchitect-EMC wireless network design tool, which has been well received by the Navy. We expect that AIRchitect-EMC will be applied more broadly as the Navy continues to expand wireless network deployments."
The Navy Opportunity Forum process provides increased business acumen, quality contacts, information, and tools that help companies transition their SBIR technologies to viable commercial products. According to the forum organizers, more than 40 companies have each achieved in excess of $1,000,000 in sales and/or investments during the 18-month period following the 2005 and 2006 Opportunity Forums.
For more information on the SBIR Opportunity Forum visit: http://www.navyopportunityforum.com/
About Mikros
Mikros Systems Corporation is an advanced technology company specializing in the research and development of electronic systems technology primarily for military applications. Classified by the U.S. Department of Defense as a small business, its capabilities include technology management, electronic systems engineering and integration, radar systems engineering, combat/command, control, communications, computers and intelligence systems engineering, and communications engineering. Mikros' primary business is to pursue and obtain contracts from the Department of Homeland Security, U.S. Navy, and other governmental authorities. For more information on Mikros visit: http://www.mikros.us/
Important Information about Forward-Looking Statements: All statements in this news release other than statements of historical facts are forward- looking statements which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause the Company's actual results, events or financial positions to differ materially from those included within the forward-looking statements. Such factors include, but are not limited to, changes in business conditions, changes in our sales strategy and product development plans, changes in the marketplace, continued services of our executive management team, our limited marketing experience, competition between us and other companies seeking SBIR grants, competitive pricing pressures, market acceptance of our products under development, delays in the development of products, statements of assumption underlying any of the foregoing, and other factors disclosed in our annual report on Form 10-KSB for the year ended December 31, 2006 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date hereof.
Mikros Systems Corporation
CONTACT: Thomas J. Meaney of Mikros Systems Corporation,
+1-609-987-1513
Web site: http://www.mikros.us/
http://www.navyopportunityforum.com/
Six South Carolina Graduates Awarded Verizon Foundation ScholarshipsMore Than $4.6 Million in Scholarships to Benefit 933 Children of Verizon Employees Across the Country
COLUMBIA, S.C., June 2 /PRNewswire/ -- Six South Carolina graduates whose parents work for Verizon have received good news: They are among 933 students nationwide who have earned college scholarships from the Verizon Foundation.
These scholars will receive scholarships for the 2008-2009 academic year through Verizon's scholarship program for the children and dependents of company employees. Each student will receive $5,000 annually toward his or her college expenses and is eligible to receive a maximum award of $20,000 throughout four years of college.
This year's recipients are:
-- Casey Dike of Columbia, daughter of employee Chinaka Dike, who plans to
attend the University of South Carolina.
-- Alexandra Dopart of Camden, daughter of employee Denise Small, who
plans to attend the University of South Carolina.
-- Dominique Jordan of Columbia, daughter of employee Sandra Goodwin, who
plans to attend Clemson University.
-- Dominic McNear of Charleston, son of employee Celeste Dixon, who plans
to attend the University of South Carolina.
-- Jessica Moore of Laurens, daughter of employee Bonita Moore, who plans
to attend Coastal Carolina University.
-- Heather Whetsell of Lugoff, daughter of employee Dianne Whetsell, who
plans to attend the University of South Carolina at Aiken.
Verizon's scholarship program selects recipients based on financial need, academic achievement and extracurricular activities. The scholarships are for high school seniors who plan to attend an accredited four-year institution.
Since 2001, more than 2,050 students from across the country have benefited from the scholarship program, which has invested almost $32.3 million toward the college education of children and dependents of Verizon employees. For the 2008-2009 academic year, the Verizon Foundation will invest approximately $4.6 million toward the education of 933 Verizon scholars, 250 freshmen and 683 upperclassmen.
"At Verizon, we pride ourselves in being a great place to work, but this scholarship program is more than a great benefit to our employees and their children," said Stan Bugner, Verizon vice president-public affairs, policy and communications in South Carolina. "It's a significant investment in our future leaders and in the future of our communities."
The Verizon Foundation awards the scholarships in partnership with Scholarship America, the nation's largest nonprofit, private sector scholarship and educational support organization, which was founded in 1958.
A list of Verizon scholars is available on the Verizon Foundation Web site, at http://www.verizon.com/foundation.
The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its signature program, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2007, the foundation awarded more than $67.4 million in grants to nonprofit agencies in the United States and abroad. The foundation also matched the charitable donations of Verizon employees and retirees, resulting in $25.1 million in combined contributions. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since Verizon's inception in 2000.
For more information on the foundation, visit http://www.verizon.com/foundation.
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 more than 67 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 employed a diverse workforce of approximately 232,000 as of the end of the first quarter 2008 and last year generated consolidated operating revenues of $93.5 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: Sandra Arnette, +1-410-393-7109, sandra.u.arnette@verizon.com
Web site: http://www.verizon.com/
http://www.verizon.com/foundation
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Palisade Systems Wins Multi-Unit Data Loss Prevention Contract From Media Leader Meredith CorporationMeredith Corporation Selects Palisade's PacketSure 7.0 Appliance Over Competing Data Loss Prevention Products For Point and Protocol Management
AMES, Iowa, June 2 /PRNewswire/ -- Palisade Systems, a leading provider of content monitoring and filtering and data leak prevention products, announced today the addition of the Meredith Corporation , one of the nation's leading media and marketing companies whose consumer database contains more than 85 million names, to their growing base of customers using their data loss prevention tool, PacketSure. Meredith Corporation chose Palisade's PacketSure appliance to provide internal monitoring of credit card information as well as a variety of data loss prevention capabilities including monitoring web and bandwidth usage. Palisade was chosen over the incumbent vendor because of PacketSure's ability to provide a complete DLP solution with the added value of URL and protocol management -- all at a competitive price point.
"We first looked at PacketSure to provide internal monitoring of credit card information, however, we quickly discovered PacketSure's ability to fully address many of our network security needs including data loss prevention," said Dan Carlson, Director of IT Security for Meredith Corporation. "We selected PacketSure over other competitors' products as it offered a cost-effective and comprehensive solution for our data security and compliance needs."
Palisade's PacketSure is an economical solution for companies looking to protect their sensitive information from both internal and external threats, as it monitors data in motion on the network, at rest on hard drives and provides end-point monitoring for controlling what gets down loaded off personal computers and laptops. 7.0 is now available for purchase; with prices starting at $20,000.
"PacketSure 7.0 was the best choice for the Meredith Corporation because of its ability to provide a variety of data loss prevention capabilities including supervising web usage and bandwidth and meet their needs to internally monitor credit card information," said Kurt Shedenhelm, CEO of Palisade Systems. "Competing data loss prevention vendors who sell to large enterprises like Meredith Corporation would lead you to believe that the average deployment should take 1-2 days and the cost of professional deployment services are upwards of one million dollars. However, PacketSure has the quickest deployment times in the industry taking only 1-2 hours to deploy and is the most affordable data loss prevention product of its kind on the market."
About PacketSure 7.0
Palisade Systems' DLP and compliance product, PacketSure, is a multi-functional security appliance that monitors and enforces corporate remediation policies for sensitive, inappropriate, confidential or compliance information from leaving a network.
PacketSure 7.0 highlights include:
-- The addition of a Central Management Server (CMS) allowing enterprise
deployment of policies to distributed gateways and endpoints in the
enterprise.
-- Data-At-Rest allowing gateway DLP policies to be enforced at the
endpoints
-- Implementation Wizards for configuring
-- Data Loss Prevention rules and policies, and Web Filtering Support for
HTTPS content analysis
-- Violations can be logged and blocked
-- Support for Cisco's Web Cache Communication Protocol (WCCP) to route
web traffic to the PacketSure web proxy.
-- Provides a way to route all HTTP traffic to PacketSure for content
analysis without configuring each browser on the network to use the
PacketSure web proxy.
-- Email and Web Proxies built into the appliance
About Palisade Systems, Inc.
Founded in 1996, Palisade Systems, Inc., is a leading provider of enterprise content security and data protection solutions with over 500 customers across North America and Europe. Palisade security appliances help organizations proactively secure intellectual property and private client information from leaking outside the network, define and enforce access to internal network resources, and enforce compliance with federal privacy and industry security regulations. Palisade Systems customers include prominent clients in healthcare, financial services, insurance industries, along with universities and school districts. For more information, please visit http://www.palisadesys.com/ or contact Palisade's sales department at 1.888.824.0720.
Palisade Systems, Inc.
CONTACT: Sarah Thompson of Freestyle Public Relations, +1-515-223-4343,
sarah@freestylepr.com, for Palisade Systems, Inc.
Web site: http://www.palisadesys.com/
Six North Carolina Graduates Awarded Verizon Foundation ScholarshipsMore Than $4.6 Million in Scholarships to Benefit 933 Children of Verizon Employees Across the Country
DURHAM, N.C., June 2 /PRNewswire/ -- Six North Carolina graduates whose parents work for Verizon have received good news: They are among 933 students nationwide who have earned college scholarships from the Verizon Foundation, the philanthropic arm of Verizon Communications.
These scholars will receive scholarships for the 2008-2009 academic year through Verizon's scholarship program for the children and dependents of company employees. Each student will receive $5,000 annually toward his or her college expenses and is eligible to receive a maximum award of $20,000 throughout four years of college.
This year's recipients are:
-- James Brezovec of Durham, son of employee Mark Brezovec, who plans to
attend North Carolina State University.
-- Jaimee Daniels of Durham, daughter of employee Brenda Turner, who
plans to attend the University of North Carolina at Chapel Hill.
-- Kristen Ellerbe of Concord, daughter of employee Keith Ellerbe, who
plans to attend North Carolina State University.
-- Bradley Kinnison of Graham, son of employee Barry Kinnison, who plans
to attend North Carolina State University.
-- Austin Robinson of Angier, son of employee James Robinson, who plans
to attend Grove City College in Grove City, Pa.
-- Shanequa Winstead of Roxboro, daughter of employee Dawn Winstead-Bass,
who plans to attend North Carolina State University.
Verizon's scholarship program selects recipients based on financial need, academic achievement and extracurricular activities. The scholarships are for high school seniors who plan to attend an accredited four-year institution.
Since 2001, more than 2,050 students from across the country have benefited from the scholarship program, which has invested almost $32.3 million toward the college education of children and dependents of Verizon employees. For the 2008-2009 academic year, the Verizon Foundation will invest approximately $4.6 million toward the education of 933 Verizon scholars, 250 freshmen and 683 upperclassmen.
"At Verizon, we pride ourselves in being a great place to work, but this scholarship program is more than a great benefit to our employees and their children," said Stan Pace, Verizon vice president-public affairs, policy and communications in North Carolina. "It's a significant investment in our future leaders and in the future of our communities."
The Verizon Foundation awards the scholarships in partnership with Scholarship America, the nation's largest nonprofit, private sector scholarship and educational support organization, which was founded in 1958.
A list of Verizon scholars is available on the Verizon Foundation Web site, at http://www.verizon.com/foundation.
The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its signature program, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2007, the foundation awarded more than $67.4 million in grants to nonprofit agencies in the United States and abroad. The foundation also matched the charitable donations of Verizon employees and retirees, resulting in $25.1 million in combined contributions. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since Verizon's inception in 2000.
For more information on the foundation, visit http://www.verizon.com/foundation.
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 more than 67 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 employed a diverse workforce of approximately 232,000 as of the end of the first quarter 2008 and last year generated consolidated operating revenues of $93.5 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: Sandra Arnette of Verizon, +1-410-393-7109,
sandra.u.arnette@verizon.com
Web site: http://www.verizon.com/
http://www.verizon.com/foundation
http://www.verizon.com/news
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Virtela Honored as Finalist in NXTcomm Eos Awards for Excellence in Network Design and ServiceAccelerated WAN Service Recognized for Industry-Leading Innovation
DENVER, June 2 /PRNewswire/ -- Virtela, the global network solutions company, today announced it was named a NXTcomm Eos Awards finalist for Excellence in Network Design and Service. Virtela's Accelerated WAN Service earned this distinction in the Wireless/Mobile/Network Services category. The Eos Awards recognize companies that have developed the best new technologies and network services or demonstrated ongoing excellence in the industry. Virtela will exhibit at NXTcomm's sister show, InfoComm, held June 16-19 in Las Vegas.
"This year's Eos winners demonstrated the best and most promising advancements to the network-enabled voice, video and data ecosystem," said Wayne Crawford, NXTcomm executive director. "We congratulate Virtela for its leadership, innovation and role in driving our industry forward."
"We're honored to be recognized by NXTcomm as a top innovator in the network services space," said Virtela CEO Steve King. "Our managed WAN acceleration service takes networked application performance to new levels and it's just one example of our continued drive to transform the industry with an on-demand network delivery model we're calling Network as a Service."
Virtela's Accelerated WAN Service is the first managed WAN acceleration and optimization services capable of spanning multi-carrier environments globally. The offering overcomes distance limitations by improving application and protocol performance over the WAN by a factor of two to three times on average, or as much as a factor of 30 times, depending on the application. In short, the service allows Virtela to deploy the fastest network of its kind. Key benefits to enterprises beyond improved application performance include lower bandwidth costs and the ability to centralize applications and operations while maximizing IT infrastructure.
With the Accelerated WAN Service Virtela demonstrates its commitment to setting an innovative new standard for delivering superior agility and global connectivity with Network as a Service (NaaS). Applying the on-demand model made popular with Software as a Service (SaaS) to managed network and security services, Virtela's model eliminates the need for extensive IT support, frees up resources, and scales to meet the needs of enterprises of any size.
About Virtela
Virtela Communications Inc. delivers award-winning network and security solutions to many of the world's largest and fastest-growing multinational companies. Currently serving customers across six continents, Virtela's network reach spans more than 190 countries. Virtela's unique Global Service Fabric(SM) offers the foundation for delivering critical applications via the company's acclaimed service methodology, with a services suite that includes MPLS- and IP-based virtual private networks (VPNs), security services, remote monitoring and management of WAN/LAN infrastructure, and converged services (data, video, voice).
Virtela is headquartered in Denver, Colorado, with redundant Network Operations Centers in Mumbai, India and Manila, Philippines. Virtela is a member of Juniper Networks' Managed Network Solutions Preferred Alliance Program. For more information, please call +1 (720) 475-4000 or visit http://www.virtela.com/.
About NXTcomm
NXTcomm has replaced SUPERCOMM. The Telecommunications Industry Association (TIA) and the U.S. Telecom Association (USTelecom), the two organizations that owned and produced SUPERCOMM for 18 years, have joined forces again to produce NXTcomm, which replaces SUPERCOMM as the one event delivering the entire ecosystem of network-enabled voice, video, and data. NXTcomm08 comes to the Las Vegas Convention Center June 16-19 and will co-locate with InfoComm08, the leading audiovisual business-to-business marketplace. For more information, go to http://www.nxtcommshow.com/.
Virtela Communications Inc.
CONTACT: Jane Morrissey of Virtela Communications Inc., +1-720-475-4012,
or mobile, +1-303-808-7671, jmorrissey@virtela.com
Web site: http://www.virtela.net/
http://www.nxtcommshow.com/
The Press-Enterprise Broadens Its Commitment to Local News
RIVERSIDE, Calif., June 2 /PRNewswire/ -- As a result of a three-month series of interviews with readers and subscribers, The Press-Enterprise will publish two local sections -- Local and Local Plus -- beginning June 3, 2008. Two local sections offer more of what matters to local residents as the multimedia company continues to provide the best coverage of the news its readers cannot get anywhere else.
The Local section will feature the significant news and events of the day, zoned to target a specific geographic area. As one of the last sections to hit the presses, it will contain the late-breaking news of the day. This section also will showcase other zone-specific information, such as community news and activities, upcoming events, volunteer opportunities, editorials and legal advertising.
The Local Plus section was the result of a reorganization and reprioritization of existing content driven by readers' overwhelming desire for more local news. Local Plus will replace the Your Life section in The Press-Enterprise to accommodate the increased prominence of local news. The use of wire stories has been scaled back in exchange for more content from local sources, and some of the most popular features from Your Life will be moved to the new Local Plus section.
Along with these new improvements, The Press-Enterprise will be adjusting its deadlines and pressruns to ensure its readers the earliest home delivery of any newspaper in Southern California: 5 a.m. on weekdays, and 6:30 a.m. on weekends and holidays.
"The current economy -- combined with the acceptance of new media and changes in how people get their news -- compelled us to carefully evaluate our product offering," says Ron Redfern, publisher and chief executive officer of The Press-Enterprise. "The price of newsprint has increased more than 25 percent and, like other newspapers across the country, The Press-Enterprise can no longer afford to simply add more pages when we want to add more news. To maintain and expand our local coverage, what readers value most, we must be more responsive to the economy and our readers and more selective about our content."
Maria DeVarenne, editor of The Press-Enterprise, said, "We have designed a more relevant, more useful newspaper for our readers and the communities we serve. While the Your Life section is going away, its most popular content will be relocated in the Local Plus section. As a result of the content reorganization, we have increased the prominence of our local news offering. These improvements allow us to present more local news across a wider range of geography, interest and life circumstances. This is the news our readers have told us they value most."
About The Press-Enterprise Company
The Press-Enterprise Company, a Riverside-based subsidiary of Belo Corp., is a multimedia company serving Inland Southern California. The company publishes news and information in print and online via The Press-Enterprise, the region's largest daily newspaper with 164,189 Monday through Friday circulation and 172,730 Sunday circulation; PE.com, the region's largest local online Web site; and, more than 30 micro-local community-based Web sites. Other print and online products include: The Business Press, a weekly business journal; La Prensa and El D, weekly Spanish-language newspapers serving the region's diverse Hispanic community; and the advertising publications PE.cars, PE.homes, PE.WOW, PE.jobs and Savings Express.
About A. H. Belo Corporation
A. H. Belo Corporation headquartered in Dallas, Texas, is a distinguished news and information company that owns and operates four daily newspapers and 12 associated Web sites. A. H. Belo publishes The Dallas Morning News, Texas' leading newspaper and winner of eight Pulitzer Prizes since 1986; The Providence Journal, the oldest continuously published daily newspaper in the U.S. and winner of four Pulitzer Prizes; The Press-Enterprise (Riverside, Calif.), serving southern California's Inland Empire region and winner of one Pulitzer Prize; and the Denton Record-Chronicle. The Company publishes various specialty publications targeting niche audiences, young adults and the fast-growing Hispanic market. A. H. Belo also owns direct mail and commercial printing businesses. Additional information is available at http://www.ahbelo.com/ or by contacting Maribel Correa, director/Investor Relations, at 214-977-2702.
The Press-Enterprise Company
CONTACT: Art Bueno of The Press-Enterprise, +1-951-368-9600, fax,
+1-951-368-9020, abueno@pe.com
Web site: http://www.pe.com/
http://www.ahbelo.com/
Canyon County Idaho Sheriff's Office to Purchase Stinger S-200s
TAMPA, Fla., June 2 /PRNewswire-FirstCall/ -- Stinger Systems, Inc. (BULLETIN BOARD: STIY) , a leader in electro-stun technology today announced that the Canyon County Sheriff's Office (CCSO) Caldwell, ID has purchased Stinger System' S-200 Electronic Immobilization Device. CCSO is a 329-man department.
Lt. Daren Ward stated "The CCSO has been using the other EID product and was seeking alternatives that would be more reliable, rugged, and price considerate. In these tough times, budget of course is an important issue but having an EID that protects our officers and community is even more important. We thoroughly evaluated the S-200 and found that feature for feature it appears to be superior to the other stun product that we are presently using."
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, Chairman and President of Stinger Systems, Inc.,
+1-866-788-6746, info@stingersystems.com
Web site: http://www.stingersystems.com/
AT&T Statement on DPUC FilingTo be attributed to Ramona Carlow, President, AT&T Connecticut
NEWHAVEN, Conn., June 2 /PRNewswire-FirstCall/ -- "AT&T has a long and special history with the state of Connecticut and its residents. That is why we were so excited to make Connecticut one of the first states where we delivered to consumers a long-desired choice to the cable company monopolies. Through our cutting-edge technology, hundreds of thousands of Connecticut residents can now choose AT&T U-verse(SM) service, not only for their television needs, but also for telephone and Internet services.
Last week, the Department of Public Utility Control (DPUC) issued a ruling modifying the processes to be followed when we install the equipment necessary to provide our U-verse services to Connecticut's neighborhoods. AT&T will comply with the Department's requirements going forward. Some aspects of the Department's ruling, however, are unclear and, based on media reports last week, are being interpreted by some in a way that could impede AT&T's ability to continue to roll out U-verse video service to consumers across Connecticut.
Therefore, today AT&T is filing a motion with the DPUC asking for clarification of certain aspects of its ruling to ensure that consumers can continue to receive the benefits of U-verse services and our state's economy is not harmed by any misinterpretations of the DPUC's decision.
To clarify, when AT&T began the installation of equipment required to provide U-verse services, we notified property owners, by letter, of our plans to install equipment cabinets in public rights of way abutting their property.
Even though such notification was not a requirement based on prior DPUC rulings, we did so anyway because we thought it was the right thing to do. Now the DPUC wants us to modify our notice procedures going forward, and we will do so, but we need the DPUC to clarify some of the requirements.
In response to comments from some municipalities, we also modified our processes with towns and cities to ensure they had advance notice and input regarding our planned equipment installations. We offer towns and cities 30 days' notice before installation of any U-verse equipment cabinet, and make site visits with municipal officials to installation locations to discuss and address concerns prior to installation. We will continue to modify notification procedures as necessary and work with citizens and municipalities to resolve differences on installation of equipment cabinets.
AT&T is committed to doing what it takes to safely, respectfully and cost effectively bring competition to Connecticut consumers who want a choice of video service. We are in the middle of an initial $336 million investment to deliver U-verse services here. That investment is giving consumers a choice to their cable company and with that choice comes better service and competitive prices at a time when consumers need such savings. And our investment is creating good, high-paying jobs here in Connecticut; in this economic climate, those jobs are more precious than ever. AT&T is proud to be a leader in bringing Connecticut the benefits of innovation and competition."
AT&T Inc.
CONTACT: Dave Mancuso, +1-617-515-1414, dmancuso@voxglobal.net, for
AT&T
Web site: http://www.att.com/
Verizon CIO to Speak at Oppenheimer Conference, June 3
BOSTON, June 2 /PRNewswire/ -- Shaygan Kheradpir, executive vice president and chief information officer for Verizon Communications Inc. , will speak at Oppenheimer's Annual Communication & Technology Conference here on Tuesday, June 3. His presentation will be webcast beginning at approximately 8:30 a.m. Eastern time on Verizon's Investor Relations Web site, http://www.verizon.com/investor. Event materials and access instructions will be available on the site prior to the webcast.
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 Communications Inc.
CONTACT: Bob Varettoni, +1-908-559-6388, robert.a.varettoni@verizon.com
Web site: http://www.verizon.com/
http://www.verizon.com/investor
Company News On-Call: http://www.prnewswire.com/comp/094521.html
STMicroelectronics Introduces Highly-Integrated Step-Up DC/DC Converter to Address Blue-Laser ApplicationsConverter reduces manufacturing costs of blue-laser applications by integrating an output current cut-off function
GENEVA, June 2 /PRNewswire-FirstCall/ -- STMicroelectronics , a leading supplier of semiconductor products for power conversion, today introduced an innovative step-up DC/DC converter that is the first on the market to feature an output current cut-off function.
ST's new ST8R00 is ideally suited to supply blue lasers, the new generation of optical data storage, in portable applications, where designers operate under tight constraints in Printed Circuit Board (PCB) area and cost. In demanding applications such as Blu-ray Disc players/recorders, laptops, and game consoles, the ST8R00 allows manufacturers to achieve significant space and cost saving without sacrificing performance.
In portable applications, the step-up converter accepts the typical 5V input voltage and converts it to a higher output voltage to supply blue lasers from 6.5 to 11V, depending on the laser model and whether it is operating in reading or writing mode. Unfortunately, when the device is switched off, even a small current flowing through the laser can damage it, or the whole application. To avoid malfunctioning in the application, designers usually add external components to block current flow in the device, wasting PCB area and increasing overall application cost. So, unlike previous solutions that add an external current cut-off block, the fully integrated ST8R00 includes this feature on a single chip. As a result, the number of external components is reduced and costs are lowered.
Other key features of the ST8R00 include a typical efficiency of 90%, a wide range of output voltages -- adjustable from 6V to 12V, an output current up to 1A, and a high switching frequency enabling the device to operate with small and low-cost inductors.
The ST8R00 is housed in a compact DFN4x4-8L package. The device is in full production and is priced at $0.60.
Further information is available at http://www.st.com/vregs .
About STMicroelectronics
STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2007, the Company's net revenues were $10 billion. Further information on ST can be found at http://www.st.com/.
STMicroelectronics
CONTACT: Michael Markowitz of STMicroelectronics, +1-212-821-8959,
michael.markowitz@st.com
Web site: http://www.st.com/
http://www.st.com/vregs
ARM Multiprocessing Technology Powers Groundbreaking NVIDIA Tegra Mobile Computer-on-a-ChipNVIDIA Tegra, Based on the ARM11 MPCore Multicore Processor, Marks a Major Step Forward in Enabling Next-Generation Portable Computing Devices
CAMBRIDGE, England, June 2 /PRNewswire-FirstCall/ -- ARM [; ] today announced that the NVIDIA Tegra mobile computer-on-a-chip, launched at this year's COMPUTEX TAIPEI, is based on the ARM11(TM) MPCore(TM) multicore processor technology. As the world's smallest, full HD computer-on-a-chip, the NVIDIA Tegra is highly optimized for next-generation smartphones and Mobile Internet Devices (MIDs) providing users with a full Internet experience, HD video and brilliant 3D touch interfaces. This is the first time that ARM processor technology has been licensed specifically for an SoC targeting the ultra-portable, ultra-low power, MID market.
"Today's consumers want portable computing devices that are tailored for their specific mobile needs, yet still deliver the same vibrant and engaging experience as their desktop PCs," said Mike Rayfield, general manager, mobile business unit, NVIDIA. "Combining high-performance and ultra-low power, the NVIDIA Tegra is the world's smallest, full HD computer-on-a-chip and is the ideal choice for device manufacturers looking to design feature-rich, yet small and elegant portable devices for the always-connected generation."
"Today's launch of the ARM processor-based NVIDIA Tegra is a testament to our long and fruitful relationship with NVIDIA, who were one of the first licensees of our ARM11 MPCore multicore processor technology," said Warren East, CEO, ARM. "The launch of the NVIDIA Tegra marks a major step forward in enabling the next computing revolution driven by ultra-low power, ultra-portable Mobile Internet Devices, and ARM is proud to be at the center of this game-changing technology."
The ARM MPCore multicore processor technology is designed to provide an unprecedented level of flexibility, performance, power efficiency and functionality, making it especially suited for smartphone and MID applications.
The ARM11 MPCore multicore processor can be configured for implementations using between one and four processors. The unique scalability of the ARM11MPCore processor provides device OEMs with the optimum level of performance for their application, while at the same time allowing each processor to go into standby, dormant or power-off energy management states to help control the level of dynamic and static energy consumed by the processor. Further information on the ARM11 MPCore processor is available at: http://www.arm.com/products/CPUs/ARM11MPCoreMultiprocessor.html.
About ARM
ARM designs the technology that lies at the heart of advanced digital products, from wireless, networking and consumer entertainment solutions to imaging, automotive, security and storage devices. ARM's comprehensive product offering includes 32-bit RISC microprocessors, graphics processors, enabling software, cell libraries, embedded memories, high-speed connectivity products, peripherals and development tools. Combined with comprehensive design services, training, support and maintenance, and the company's broad Partner community, they provide a total system solution that offers a fast, reliable path to market for leading electronics companies. More information on ARM is available at http://www.arm.com/.
ARM is a registered trademark of ARM Limited. ARM11 and MPCore are trademarks of ARM Limited. All other brands or product names are the property of their respective holders. "ARM" is used to represent ARM Holdings plc; its operating company ARM Limited; and the regional subsidiaries: ARM, Inc.; ARM KK; ARM Korea Ltd.; ARM Taiwan Limited; ARM France SAS; ARM Consulting (Shanghai) Co. Ltd.; ARM Belgium N.V.; AXYS Design Automation Inc.; ARM Germany GmbH; ARM Embedded Technologies Pvt. Ltd.; and ARM Norway, AS.
ARM Ltd
CONTACT: Contact Details: ARM PRESS OFFICE: +44-208-846-0797; Stuart
Gill, Text100, +44-8846-0758, stuart.gill@text100.co.uk; Alan Tringham, ARM,
+44-1223-400947, alan.tringham@arm.com ; Erik Ploof, ARM, +1-425-880-6033,
erik.ploof@arm.com
Canadian Solar Announces Supply Contract with Timminco and e-Module Product Launch
JIANGSU, China, June 2 /Xinhua-PRNewswire/ -- Canadian Solar Inc. ("the Company,'' ''CSI,'' or ''we'') today announced that CSI and Becancour Silicon Inc. (''BSI''), a wholly-owned subsidiary of Timminco Limited (''Timminco'')(TSX: TIM), have confirmed that, in connection with the long term supply contract originally signed on April 4, 2007, the companies have together achieved certain milestones for delivery, consistency and quality of BSI's solar grade UMG silicon. These achievements enable CSI to formally launch its e-Module product at the Intersolar Trade Show in Munich June 12-14th. CSI will deliver technical presentations at the conference on select technical results and tests with the product to date.
As one of BSI's first customers and a R&D partner, CSI is expected to receive up to 5000 metric tons of solar grade UMG silicon until 2011 at a price that is substantially less than the current contract prices for polysilicon. BSI has delivered 16 tons of UMG silicon in 2007 and expects to deliver 450-500 metric tons to CSI in 2008.
Dr. Shawn Qu, Chairman and CEO of Canadian Solar Inc. commented: ''BSI is a leading silicon producer and we are pleased to have collaborated with them on solar grade silicon since early 2007. In making this announcement we have together achieved a technical landmark in the PV industry. Our e-Module program rollout makes CSI the first company to market with a low-cost, medium power PV panel manufactured with 100% UMG Silicon. We have recommended this product to our customers for ground-mounted applications where we are pleased to report that it has already achieved significant acceptance by customers. By lowering the cost per kWh of electricity produced, the attractive pricing of this product increases the return on investment for our customers and enables CSI to gain an early foothold into emerging solar markets such as commercial rooftops in Germany and the US. It may also re-stimulate demand in market segments such as the ground-mounted segment in Spain, where the feed-in tariffs are soon expected to be lower.''
''We are very happy to announce our relationship with CSI as a strategic partner in the development of our solar grade silicon,'' said Mr. Rene Boisvert, President and CEO of BSI. ''We are pleased to have achieved the necessary milestones to permit commercialization by CSI of their use of our product.'' The manufacturing process for UMG silicon is less capital intensive and consumes much less energy than that of polysilicon and therefore leaves the least impact on the environment. Dr. Qu added, ''CSI is one of the leading manufacturers of both silicon solar cells and modules with the technical ability to validate the complete solar manufacturing process and the suitability of UMG solar modules in the field. We are pleased that our collaboration with BSI has resulted in the first solar module product produced with 100% UMG silicon and we look forward to working together with BSI to bring reliable and affordable solar modules to market.''
About Canadian Solar Inc.
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar module and customer-designed solar application products serving worldwide customers. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information visit http://www.csisolar.com/ .
About Timminco
Timminco is a leader in the production and marketing of lightweight metals, specializing in solar grade silicon for the rapidly growing solar photovoltaic energy industry. Using its proprietary technology, Timminco processes metallurgical grade silicon into low cost solar grade silicon for use in the manufacture of solar cells. Timminco also produces silicon metal, magnesium extrusions and other specialty metals for use in a broad range of industrial applications serving the aluminum, chemical, pharmaceutical, electronics and automotive industries.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release including statements regarding expected future financial and industry growth are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future shortage or availability of the supply of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers, including customers of our silicon materials sales; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling price; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F originally filed on May 29, 2007. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
For more information, please contact:
For Canadian Solar Inc.:
Alex Taylor
Director, Investor Relations
Tel.: +86-512-6690-8088
Email: alex.taylor@csisolar.com
Tyler Wilson
The Ruth Group
Tel: +1-646-535-7018
Email: twilson@theruthgroup.com
For Timminco Limited:
Robert J. Dietrich
Executive Vice President - Finance and CFO
Tel: +1-416-364-5171
Email: rdietrich@timminco.com
Canadian Solar Inc.
CONTACT: For Canadian Solar Inc. - Alex Taylor, Director, Investor
Relations, +86-512-6690-8088, or alex.taylor@csisolar.com; Tyler Wilson of The
Ruth Group, +1-646-535-7018, or twilson@theruthgroup.com; For Timminco Limited
- Robert J. Dietrich, Executive Vice President - Finance and CFO, +1-416-364-
5171, or rdietrich@timminco.com
Web Site: http://www.csisolar.com/
2008 MTV Movie Awards Finds the Next Big Thing on BuzznetBuzznet.com Member Norm Spantz Thrashes the Competition and Takes Home the Coveted MTV Movie Award for the '2008 MTV Movie Awards Movie Spoof Contest'
LOS ANGELES, June 2 /PRNewswire/ -- The "2008 MTV Movie Awards" may be over, but there's one guy for whom the party is just starting -- Norm Spantz, the Buzznet.com member who was honored with the MTV Movie Award for the best UGC movie spoof for his movie satire entitled Juno: Teen Pregnancy Redux http://www.buzznet.com/groups/mtvmovieawards. The award was given out during the live pre-show last night at the Gibson Amphitheatre in Universal City, CA.
Norm, along with his co-producer and cameraman, Armen Aghaeian, jumped at the challenge to create an original movie short parody for the "2008 MTV Movie Spoof Contest" through Buzznet, the web's leading social music community, http://www.buzznet.com/. The Buzznet community voted Norm's entry, a Juno parody, as the best by a landslide. His video moved on to the final round on http://www.movieawards.mtv.com/ where fans voted for his Juno parody the winner from seven finalists, one from each of the participating sites, including Buzznet, Photobucket, MySpace, Daily Motion, Break, Heavy and FunnyorDie.
Said Norm of winning MTV's Golden Popcorn Award, "Thanks to MTV and Buzznet for this amazing opportunity both for myself and the other talented contestants. It was very hard to spoof a movie written by a stripper from Minnesota about a girl who has sex with a member of the high school cross country team, but we were fortunate to pull it off."
Buzznet CEO Tyler Goldman commented, "The moment I saw this video on our site, I knew it would be hard to beat. I foresee an even larger MTV Movie Award in Norm's future. We're thrilled to have partnered with MTV to bring Buzznet's millions of users the opportunity to showcase their natural talent, even if it means sporting fluorescent yellow shorts and singing about Adderall."
Norm is a 30-something writer and producer, holding the odd distinction as one of only three known individuals in the Western world to have seven fingers on his right hand. Norm turned his obstacle into a benefit, winning numerous typing and speed stacking contests as a young man. He cites his astounding 130 words-typed-per-minute as his greatest writing skill.
Armen is an up and coming Director of Photography, with an ever-growing list of commercial and film industry clients. Armen's work is on the leading edge of the next generation of digital filmmaking equipment and technology.
Juno: Teen Pregnancy Reduxcredits:
Created by: Norm Spantz
Flim/Sound: Armen Aghaeian, Herbert Barraza
Editor: Armen Aghaeian
Actors: Zach Begle
Samantha Dougless
About Buzznet:
Buzznet.com empowers millions of music fans with the platform to create the most in-depth music experiences around the artists and topics they love. Users express themselves, connect with friends and socialize around the topics they are passionate about, sharing millions of photos, videos and blog posts every day. The site is also home for communities created by top bands and social trendsetters, and has established itself as the premier destination for music.
About MTV
MTV is the dynamic, vibrant experiment at the intersection of music, creativity and youth culture. For over 26 years, MTV has evolved, challenged the norm, and detonated boundaries -- giving each new generation a creative outlet and voice that entertains, informs and unites on every platform and screen. On-air, MTV has been the number one rated 24-hour ad-supported cable network P12-24 for 16 straight years. Online, MTV.com scored double-digit growth in 2007 and MTV launched ten dynamic online communities and six new virtual worlds. On the go, MTV Mobile is the #1 music brand in the wireless space -- delivering 90% more streams than in 2006. And MTV's successful sibling networks MTV2, mtvU and MTV Tr3s each deliver unprecedented customized content, super-serving music fans, college students and young American Latinos like no one else. MTV is part of MTV Networks, a unit of Viacom , one of the world's leading creators of programming and content across all media platforms. Wanna know more? Come on in ... http://www.mtvpress.com/.
Buzznet
CONTACT: Jennifer Garnick of Buzznet, +1-213-985-7297,
jgarnick@buzznet.com; or Jessica Nicola of MTV Press, +1-212-846-6762,
Jessica.nicola@mtvstaff.com
Web site: http://www.buzznet.com/
http://www.mtvpress.com/
Web Show Heroes Carly and Sam Clash With Clueless TV Network Suits in New, Primetime Special 'iCarly Saves TV' Premiering Friday, June 13 at 8 p.m. on NickelodeonSpecial Caps Off a Four-Hour iCarly Marathon, Arriving on Heels of iCarly Album Release (June 10)Leon Thomas (August Rush, Broadway's The Lion King) and Rachel Fox (Desperate Housewives) Guest-Star
LOS ANGELES, June 2 /PRNewswire/ -- When Carly, Sam and Freddie are approached by a big-time broadcaster to adapt their popular web show for TV, their ecstasy quickly turns to agony as the tween trio clashes with clueless network executives and they find themselves struggling to save the iCarly they know and love, in an all-new primetime special "iCarly Saves TV" premiering Friday, June 13 at 8 p.m. (ET/PT). Leon Thomas (August Rush, Broadway's The Lion King) guest stars as cool Harper who leads iCarly's new TV show band and Rachel Fox (Desperate Housewives' evil Kayla) ruffles feathers as Amber Tate, the tween diva poised to supplant Sam as Carly's sidekick. The special will cap off a four-hour marathon of the convergent, mega-hit live-action series (4-8 p.m.), hosted by the show's stars: headliner Miranda Cosgrove (Carly), Jennette McCurdy (Sam), Nathan Kress (Freddie) and Jerry Trainor (Spencer).
(Photo: http://www.newscom.com/cgi-bin/prnh/20080602/NYM064 )
The programming event arrives on the heels of the eagerly awaited iCarly album, which will be released June 10 from Columbia Records -- part of the global partnership between Nickelodeon and the Sony Music Label Group -- and debuts four original songs performed by Cosgrove, including the show's theme "Leave It All to Me." It also features songs inspired by the popular series from multi-platinum popular artists including Natasha Bedingfield and Avril Lavigne and by guest star Thomas who performs musically in the special.
iCarly is one of the top shows on all of TV with its demo -- and the highest rated of all in its time period with kids 6-11 and tweens 9-14. In first quarter (1Q) 2008, iCarly was the 2nd highest-rated live-action series on all of cable among both kids 6-11 and 9-14 just behind Zoey 101 and is among the top three series on all of TV with the same demos. (Source: NMR - 1Q08).
In addition, there have been over 150,000 iTunes downloads of the iCarly theme song, "Leave It All to Me" sung by Cosgrove, which recently charted on the Billboard Hot 100. More than 234,000 a la carte episodes have been purchased on DTO platforms, and approximately 5,000 season passes. iCarly is the top requested show on VOD among all of Nickelodeon's live-action series (Source: Rentrack). The series received more than 3 million views for 1Q08.
Nickelodeon's multi-platform efforts for "iCarly Saves TV" include a special mini-site http://www.nick.com/icarlysavestv , featuring a sneak peek of the special, exclusive behind-the-scenes footage, and music videos from the iCarly album, an "iCarly Saves TV" game, message boards and an MP3 Player for streaming tracks from the iCarly album. A unique Karaoke element kicks off with "Leave It All to Me" allowing kids to sing along, record their own version and rate other kids' efforts. Beginning June 2, TurboNick, Nickelodeon's wireless partners and VOD also will offer sneak peeks, additional footage ("Extra Scoops" and "Awesome Extras"). Following the TV premiere, an instant replay of the special will be available on TurboNick and VOD.
It's a case of easy come, easy go in "iCarly Saves TV" when the iCarly team is summoned by big-time broadcaster "TVS Network" to adapt their popular web show for TV to help attract more kid viewers. At first the trio is thrilled by the perks of television, but disastrous changes are in the air -- and on the air. Clueless network executives proceed to re-tool the show and, adding insult to injury, iCarly's great new band is axed and leader Harper is forced to play silly Zeebo the Dinosaur. Carly's sassy sidekick and best pal Sam is fired and replaced by demanding young diva Amber, and tech producer Freddie is reduced to fetching bagels and cleaning toilets. Pushed to the breaking point, Carly tries to quit, but the TV honcho proclaims he now owns her show!
For four hours leading up to the special, each iCarly cast member will take turns hosting Nick each hour, introducing their favorite iCarly episodes and telling behind-the-scenes stories. Plus, as a result of Nickelodeon's unprecedented on-air and online "Call to Action" enlisting kids to make their own music video by taping themselves singing the iCarly theme song, the cast will select and feature the winners during the marathon. The select videos uploaded and submitted (5/24-6/13) also will appear online on iCarly.com.
A show-within-a show, iCarly follows its characters on and off webcam as they create their webcast -- and grapple with everyday tween problems and adventures -- and the sitcom drives viewer participation on iCarly.com. Tops with target demos, iCarly comes courtesy of executive producer/creator Dan Schneider's (Zoey 101, Drake & Josh) Schneider's Bakery. Kid viewers who've connected with the TV characters interact with them at real-life companion website http://www.icarly.com/ -- and upload original videos there perchance to wind up on TV. They also check out highlights of the latest webcasts from the series -- plus additional footage not seen on-air -- read weekly character blogs, send e-mails, ask questions, post comments, participate in polls and more. The popular site averages 2.8 million monthly visitors (source: Omniture SiteCatalyst 1Q08). Kids also may log onto http://www.nick.com/icarly for show background info, bios, games, behind-the-scenes clips and more.
Nickelodeon, now in its 29th year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The company includes television programming and production in the United States and around the world, plus consumer products, online, recreation, books, magazines and feature films. Nickelodeon's U.S. television network is seen in more than 96 million households and has been the number-one-rated basic cable network for more than 13 consecutive years. Nickelodeon and all related titles, characters and logos are trademarks of Viacom Inc. .
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Nickelodeon
CONTACT: Margo Zinberg, +1-310-752-8207, margo.zinberg@nick.com, or
Mirian Arias, +1-212-846-7653, mirian.arias@nick.com, both of Nickelodeon
Web site: http://www.nick.com/
http://www.nick.com/icarlysavestv
http://www.icarly.com/
http://www.nick.com/icarly
NVIDIA Tegra: Tiny Computer Packs Massive Punch!
SANTA CLARA, Calif., June 2 /PRNewswire/ -- Today, NVIDIA Corporation introduced the Tegra family of processors, the world's first single-chip computer capable of the rich high definition and internet experiences we've come to expect from our PCs, but on small pocket type devices. NVIDIA Tegra is a tiny computer-on-a-chip, smaller than a US dime (10-cent piece), designed from the ground up to enable the "visual PC experience" on a new generation of mobile computing devices while consuming the smallest amount of power.
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"Creating Tegra was a massive challenge. Our vision was to create a platform that will enable the 2nd personal computer revolution -- which will be mobile centric, with devices that last days on a single charge, and yet has the web, high definition media, and computing experiences we've come to expect from our PC," said Jen-Hsun Huang, president and CEO at NVIDIA. "Shrinking down a 50 watt PC architecture will not create the discontinuity this industry needs. The culmination of nearly 1,000 man years of engineering, Tegra is a completely ground-up computer-on-a-chip architecture that consumes 100 times less power. Mobile internet and computing devices built with Tegra are going to be magical."
The NVIDIA Tegra 650 processor is the second product in the Tegra line, the first being the NVIDIA Tegra APX 2500 processor, which is enabling the next generation of Windows Mobile smartphones. With the launch of this new processor, the NVIDIA Tegra products will reach consumers towards the end of the year.
"With the growing market demand for mobile Internet access, NVIDIA launched the APX 2500 computer-on-a-chip targeted at smartphones and handsets earlier this year. Recognizing that mobile Internet access usages will occur not just on smartphones and handsets but on compute devices as well, NVIDIA announced today the Tegra architecture. Representing the first products to be targeted at the MID and portable device space, it is anticipated to bring integrated capabilities similar to the APX 2500 with NVIDIA's graphics expertise, an ARM core, HD video, and advanced power management," said Ian Lao, senior analyst at In-Stat.
NVIDIA Tegra is a heterogeneous processor architecture with multiple processors, each architected for a specific class of tasks - an 800 MHz ARM CPU, a HD video processor, an imaging processor, an audio processor, and an ultra-low power GeForce(R) GPU These processors are used together or independently to deliver a wonderful experience while utilizing a minute amount of power. With this heterogeneous ultra-low-power processor architecture, NVIDIA Tegra processors achieve up to 10 times the power efficiency of existing products in battery-operated computer systems running compelling visual computing applications.
"As more consumers begin to access the mobile Internet with devices like smartphones and MIDs, device manufacturers will be challenged to create the same high-quality user experience on mobile devices that consumers currently enjoy on their desktop PCs," said Warren East, CEO, ARM. "Using advanced ARM technology and providing a ground-breaking mix of performance, power consumption and form factor, the NVIDIA Tegra mobile computer-on-a-chip addresses this challenge more effectively than any other solution yet on the market, thereby taking a major step toward the oncoming mobile Internet revolution."
NVIDIA Tegra 650 also features:
-- All-day media processing, for 130 hours audio, 30 hours HD video
playback
-- HD image processing for advanced digital still camera and HD camcorder
functions
-- Optimized hardware support for Web 2.0 applications for a true desktop-
class internet experience
-- Display support for 1080p HDMI, WSXGA+ LCD and CRT, and NTSC/PAL TV-Out
-- Direct support for WiFi, disk drives, keyboard, mouse, and other
peripherals
-- A complete Board Support Package (BSP) to enable fast times to market
for Windows Mobile-based designs
"With NVIDIA's Tegra processor line, we will continue to see impressive mobile innovations in Windows Mobile products," said Todd Warren, corporate vice president of Microsoft's mobile communication business. "Microsoft is dedicated to providing people best-in-class mobile experiences, so that people can carry a single device for work and play."
For more information on NVIDIA's processors, please visit http://www.nvidia.com/
About NVIDIA
NVIDIA is the world leader in visual computing technologies and the inventor of the GPU, a high-performance processor which generates breathtaking, interactive graphics on workstations, personal computers, game consoles, and mobile devices. NVIDIA serves the entertainment and consumer market with its GeForce(R) products, the professional design and visualization market with its Quadro(R) products, and the high-performance computing market with its Tesla(TM) products. NVIDIA is headquartered in Santa Clara, Calif. and has offices throughout Asia, Europe, and the Americas. NVIDIA's inaugural NVISION 08 conference will be held August 25-27, 2008 in San Jose, Calif. For more information, visit http://www.nvidia.com/ and http://www.nvision08.com/.
Certain statements in this press release including, but not limited to, statements as to: the benefits, features, performance and capabilities of NVIDIA Tegra 650 processors and NVIDIA Tegra APX 2500 processors; timing of availability of NVIDIA Tegra-based products; next generation smart phones; and portable media are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: loss of performance of our products when integrated into systems; our reliance on third parties to manufacture, assemble and test our products; manufacturing or software defects; delays in ramping new products into production; design defects; development of faster or more efficient processors; the impact of technological development and competition; changes in industry standards and interfaces as well as other factors detailed from time to time in the reports NVIDIA files with the Securities and Exchange Commission including its Form 10-Q for the period ended April 27, 2008. Copies of reports filed with the SEC are posted on our website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward- looking statements to reflect future events or circumstances.
Copyright (C) 2008 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, Geforce, Quadro, Telsa, and NVIDIA Tegra, are trademarks or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.
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NVIDIA
CONTACT: Andrew Humber of NVIDIA Corporation, +1-408-416-7943,
ahumber@nvidia.com
Web site: http://www.nvidia.com/
NetSuite Accelerates Vertical Strategy With Agreement to Acquire Professional Services Automation Software Leader OpenAirCloud Computing Business Applications Go Vertical
SAN MATEO, Calif. and BOSTON, June 2 /PRNewswire-FirstCall/ -- NetSuite Inc. , a leading vendor of on-demand, integrated business management software suites, today announced that it has signed a definitive agreement to acquire OpenAir, Inc., a leading provider of on-demand Professional Services Automation software. NetSuite has agreed to pay approximately $26 million in cash, net of cash on the balance sheet of OpenAir. In addition, at closing NetSuite will assume approximately $5 million of restricted stock units that will be held by the employees of OpenAir and which will continue to vest through mid-2010.
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All 56 OpenAir employees are expected to become NetSuite employees and continue in their current roles upon close of the acquisition. In addition, NetSuite will establish an East Coast headquarters in OpenAir's Boston location, and will continue to invest in the current OpenAir software solutions for a minimum of ten years. OpenAir customers will not be required to migrate to NetSuite products.
This acquisition brings together two of the industry's leading providers of cloud computing business applications. Just last month, OpenAir's professional services automation software won the 2008 Software and Information Industry Association (SIIA) CODiE Award for "Best Business Software Solution." Since 2002, NetSuite has been a leader in creating business management software applications designed for specific industries. NetSuite's acquisition of OpenAir will accelerate development of NetSuite's products specifically designed for services companies, particularly project-and-time-based organizations in markets such as professional services, business and IT consulting, legal, accounting, and government contracting.
In addition to continuing to develop OpenAir's current offerings on a stand-alone basis, later this year NetSuite and OpenAir will integrate their existing solutions via web services. Over time, OpenAir's industry-leading features will be added to NetSuite's ERP / CRM / Ecommerce suite, giving services-centric companies the option of deploying a seamless, end-to-end, on-demand business management software suite.
"OpenAir is the leader in on-demand Professional Services Automation Software, and its customers absolutely love the products. We are excited about leveraging OpenAir's industry knowledge and customer insight to create the next generation of cloud computing business applications for Services Management," said Zach Nelson, CEO of NetSuite. "The Services Industry is one of the fastest growing in the world, and the combination of NetSuite and OpenAir will enable us to accelerate our time to market and deliver a feature-rich, fully-integrated, on-demand suite specifically designed for time-and-project based companies."
"The services market is in need of a major business application revolution not unlike the paradigm shift that took place in high-end manufacturing with the emergence of SAP and fully-integrated ERP systems. By combining OpenAir and NetSuite, we now have the resources to fully execute on our vision and transform the way Services-based companies operate," said Morris Panner, CEO of OpenAir. "Our customers require integration with their back-office systems, and by combining forces with a leading provider of on-demand ERP suites, we can bring the seamless end-to-end automation for which modern services-based businesses are clamoring."
"The combination of NetSuite and OpenAir is the holy grail of business systems for a services company. I always thought the OpenAir solution would benefit greatly by incorporating broader business functionality to manage a services business," said OpenAir customer Jeff Greenberg, Managing Director, Prevalent Networks. "Now the combination of NetSuite and OpenAir could replace my aging and limited ERP systems with the same robust, yet easy-to-use functionality I get with OpenAir."
The merger is subject to customary closing conditions. Closing is anticipated to take place in June 2008.
Under EITF 01-03 "Accounting in a Business Combination for Deferred Revenue of an Acquiree," NetSuite will not be able to recognize in future periods the majority of deferred revenue that is currently on the balance sheet of OpenAir. As such, the impact of the acquisition on NetSuite's revenue in 2008 is not expected to be significant and as a result the acquisition is expected to lead to increased GAAP and non-GAAP net losses in 2008. However, NetSuite expects the transaction to be neither dilutive nor accretive to NetSuite's 2009 non-GAAP earnings.
Assuming that the OpenAir acquisition closes in the expected timeframe, NetSuite expects its revenue for the second quarter of 2008 to remain unchanged from the prior outlook of $36.0 million to $36.7 million. Non-GAAP net loss per share (which excludes stock-based compensation expense and acquisition related expenses) for the second quarter of 2008 is expected to be in the range of $(0.02) to $(0.01). Non-GAAP net loss (which excludes stock-based compensation expense and acquisition related expenses) for the same period is expected to be between $(1.0 million) to $(800,000). This range is within the company's previously stated outlook.
For 2008, revenue is expected to be in the range of $156 to $159 million and non-GAAP net loss is expected to be in the range of ($3.5 million) to ($2.5 million). Non-GAAP net loss per share for 2008 is expected to be in the range of $(0.06) to $(0.04)
About NetSuite
NetSuite Inc. is a leading vendor of on-demand, integrated business management software suites for small and midsized businesses. NetSuite enables mid-market companies to manage core business operations in a single system, which includes Accounting / Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Ecommerce. NetSuite's patent-pending "real-time dashboard" technology provides an easy-to-use view into up-to-date, role-specific business information.
About OpenAir
OpenAir is a leading provider of Software-as-a-Service (SaaS) services automation management software. Offering both Professional Services Automation (PSA) and Project Portfolio Management (PPM) solutions, OpenAir provides project-based organizations and firms the tools they need to help grow their businesses quickly and profitably. Providing enterprise-level functionality for businesses of all sizes, OpenAir has more than 40,000 active users across 300 world class firms utilizing the software to better capture billable time, manage projects and resources and bill customers. Coupled with a team of highly experienced consultants from some of the world's leading services firms, OpenAir PSA and OpenAir PPM can help drive higher profits through improved utilization, visibility and data collection. To learn more or schedule a demo, please visit http://www.openair.com/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements relating to the expectations and plans of NetSuite and OpenAir, which include but are not limited to the expected benefits to NetSuite and OpenAir, and their respective customers, as a result of the acquisition; NetSuite's plans regarding the future of OpenAir and its products; NetSuite's expectations regarding the integration of OpenAir's products with NetSuite's products; NetSuite's expectations regarding the closing of the acquisition; and NetSuite's expectations regarding the impact of the acquisition on NetSuite's financial performance in future periods. These forward-looking statements are based upon current expectations and beliefs of NetSuite's management as of the date of this press release and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements in this press release are based on information available to NetSuite as of the date hereof, and NetSuite disclaims any obligation to update these forward-looking statements.
In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: the ability of NetSuite and OpenAir to complete the acquisition in a timely manner, or at all; the ability of NetSuite to retain OpenAir's customers and employees; the ability of NetSuite to successfully integrate and manage OpenAir; unanticipated costs associated with the acquisition and integration of OpenAir; the possibility that the market for on-demand services and on-demand services automation software may develop more slowly than expected; interruptions in service caused by loss of power, failure of the Internet or other factors impacting the operation of NetSuite's or OpenAir's data centers; risks associated with material defects or errors in NetSuite's or OpenAir's software or the effect of undetected computer viruses; the risk of technological developments and innovations by others; failure to manage growth; the ability to manage operations when faced with competitive pricing and marketing strategies by competitors; the risk of losing key employees; evolving government regulation of the Internet and Ecommerce; changes to current accounting rules; general political, economic and market conditions and events, including war, conflict or acts of terrorism; and other risks and uncertainties.
For a detailed discussion of these and other cautionary statements, please refer to the risk factors discussed in NetSuite's filings with the U.S. Securities and Exchange Commission ("SEC"), including but not limited to NetSuite's Annual Report on Form 10-K for the year ended December 31, 2007, and any subsequently filed reports on Forms 10-Q and 8-K. All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at http://www.sec.gov/ or NetSuite's website at http://www.netsuite.com/.
Non-GAAP Financial Measures
NetSuite's projections for future periods include certain non-GAAP financial measures, including non-GAAP net loss and non-GAAP net loss per share. Non-GAAP net loss and non-GAAP net loss per share exclude stock-based compensation as these expenses are non-cash items that are difficult to predict. These non-GAAP financial measures also exclude acquisition-related expenses. The Company believes these non-GAAP financial measures provide useful comparative information to investors.
NetSuite considers these non-GAAP financial measures to be important because they provide useful measures of the operational performance of NetSuite and are used by NetSuite's management for that purpose. In addition, investors often use measures such as these to evaluate the financial performance of a company. Non-GAAP results are presented for supplemental informational purposes only for understanding NetSuite's operating results. The non-GAAP results should not be considered a substitute for financial information presented in accordance with generally accepted accounting principles, and may be different from non-GAAP measures used by other companies.
NOTE: NetSuite and the NetSuite logo are registered service-marks of NetSuite Inc. Other marks are the property of their respective owners.
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NetSuite
CONTACT: Mei Li of NetSuite Inc., +1-650-627-1063, meili@netsuite.com;
or Brooke Hammerling of Brew PR, +1-415-596-5428, Brooke@brewpr.com
Web site: http://www.netsuite.com/
http://www.openair.com/
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