FNDS3000 Corp has Integrated Their Platform With the Central ATM Switch in South Africa
Property and Casualty Insurers Choose CSC as Top Technology ProviderCSC Life and Annuity Policy Administration Recognized as Early Adopter of ACORD Standards
FALLS CHURCH, Va., June 24 /PRNewswire/ -- CSC today announced that it has received nine insurance industry recognitions from three separate groups during the 2008 ACORD LOMA Insurance Systems Forum. The awards, which were determined by property and casualty (P&C) insurance carriers, include first-place rankings in integrated systems, information technology (IT) services and IT outsourcing. The company also received an early adopter award for its leading administration system for life and annuity products, CyberLife.
"With one of the industry's broadest portfolios of insurance software and consulting services, CSC continues to deliver practical yet inventive solutions that answer immediate mission-critical client needs," said Ray August, president of CSC's P&C Insurance Division. "These industry acknowledgments validate CSC's ongoing commitment to helping insurance companies achieve business results."
Five of the industry awards were determined by the results of the second annual Vanguards in Insurance Practices survey conducted by Insurance Networking News and research firm Celent. The survey, which assesses the opinions of insurance carriers in the United States and Canada, ranked the top insurance technology providers across several categories.
Insurers were asked to name the technology firms that represented the "best of the best" in terms of delivering value. CSC was the only firm to receive two first-place rankings -- one for integrated systems and another for IT services -- as well as a second place in point solutions. In addition, CSC and its client, Accident Fund, shared first-place Best Practice Case Study honors for Accident Fund's use of CSC's POINT IN Agency Link software. CSC also received an honorable mention in this category.
"There is nothing decision-makers appreciate more than insight from their peers," said Craig Weber, senior vice president of Celent, which led the survey analysis. "That's why we base the Vanguards in Insurance Program on data gleaned purely from surveying insurance carriers and brokers."
At the conference, CSC was also selected as an Insurer's Choice 2008 technology firm. CSC ranked first in IT outsourcing for P&C insurers and in the top three in both operations and workflow. Insurer's Choice is an annual survey of the insurance industry co-sponsored by Tech Decisions and Financial Insights, an IDC company. This year's results reflect responses from more than 600 insurance professionals.
ACORD, a nonprofit insurance standards organization, also presented awards recognizing achievements in ACORD data standards implementations. CSC received an Early Adopter award for adding three more ACORD XMLife standards to CyberLife.
About CSC
CSC is a leading IT services company. CSC's mission is to be a global leader in providing technology-enabled business solutions and services.
With approximately 90,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in Falls Church, Va., CSC reported revenue of $16.5 billion for the 12 months ended March 28, 2008. For more information, visit the company's Web site at http://www.csc.com/.
CSC
CONTACT: Marian Kelley, Director, Media and Analyst Relations, Financial
Services Sector, +1-512-275-5722, mkelley3@csc.com; or Janet Herin, Manager,
Media Relations Corporate, +1-310-615-1693, jherin@csc.com, both of CSC
Web site: http://www.csc.com/
Concuity Announces the Availability of PriceAdvisorConcuity's Release of PriceAdvisor Combats Ineffective Pricing Transparency to Increase Patient Satisfaction & Improve Revenue Projection and Recovery for Hospitals
VERNON HILLS, Ill. and DUBLIN, Ireland, June 24 /PRNewswire-FirstCall/ -- Concuity, a healthcare division of Trintech and a leading provider of contract management and revenue recovery technology ("Peer Reviewed by HFMA") and services, today announced the availability of PriceAdvisor, a web-based solution that will enable hospitals to accurately produce patient estimates by utilizing payer contracts, actual claim data, and patient benefit information.
There is a push toward increased healthcare quality and pricing transparency in the marketplace, largely driven by the growth in consumer-directed health plans, and as a consequence, hospitals are beginning to realize the importance of providing their patients with estimates for out-of-pocket costs, which is also an approach favored by HFMA. The problem is that it's often difficult for hospitals to provide meaningful and comparable pricing information. This is where PriceAdvisor can help our clients. PriceAdvisor can provide patient-specific costs -- claim estimates based not on just historical patient payments, but on current contract and claim data. PriceAdvisor helps patients learn more about their financial responsibility before receiving treatment, and it gives hospitals the ability to more accurately project their revenue.
"PriceAdvisor goes beyond current patient estimators available today. It provides consumers with upfront estimates of their healthcare costs based on actual contract obligations between providers and payers," said Ed Gallo, EVP for Concuity. "PriceAdvisor takes front-end information from patient registration and creates a predictive claim prior to admission. The claim is then adjudicated against contractual obligations with insurance companies. What is then presented to the patient is a true, easy to understand estimate of their financial responsibility for a planned healthcare visit. Ultimately, PriceAdvisor improves the quality of a patient's experience. Additionally, the solution creates visibility into hospital revenue much earlier in the revenue cycle -- while increasing efficiencies, accelerating payments, and enhancing workflow."
About Concuity
Founded in 2000 by a group of healthcare industry visionaries, and now a division of Trintech, Concuity improves its customers bottom line performance by delivering targeted revenue recovery solutions on a SAAS platform, including ClearContracts(TM) which has been reviewed by HFMA and features the notable "Peer Reviewed by HFMA" mark, that ensure accurate claims reimbursement, improve workflow and payment collection, streamline contract negotiations, optimize cash flow and profitability, and ensure accurate implementation and compliance.
Concuity's rich industry knowledge and market-focused technology solutions and services empower your organization to identify and then eliminate systemic issues that cause revenue inefficiencies. The result is a significant return on investment with long term sustainable improvement in revenue and profitability for our clients. For more information, call 847-465-6003 or visit http://www.concuity.com/.
About Trintech Group
Trintech Group Plc is a leading global provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide. Trintech's recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.
Over 600 leading global organizations realize the benefits of Trintech's configurable and highly scalable solutions everyday, including 7-Eleven, Accenture, Allianz Life North America, Ameren, Bank of Nevada, eBay, Farmer's Insurance Group, Kinder Morgan, Regal Entertainment, Rohm and Haas, Sears, UPMC, Verizon Wireless, Wyndham Worldwide, and YUM! Brands Restaurants.
Trintech's technology enables our customers to ensure their internal financial processes are optimized, improve performance through stronger management of revenue and cost cycles, ensure the accuracy and integrity of financial data, improve the quality and efficiency of the financial close process, as well as reduce the risk of material weaknesses and restatements.
For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at http://www.trintech.com/ or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.
Trintech - 15851 Dallas Parkway, Suite 900 - Addison, TX 75001 - Tel 1 972 701 9802
Trintech UK Ltd. - Warnford Court, 29 Throgmorton St. - London EC2N2AT, UK Tel +44 (0) 20 7628 5235
Trintech Technologies - Block C, Central Park - Leopardstown, Dublin 18, Ireland - Tel +353 1 293 9840
Trintech - Cypresbaan 9 - 2908 LT Capelle a/d Ijssel, The Netherlands - Tel +31 (0) 10 8507 474
Trintech Press Contact
Dallas: Donna Martinez, Marketing Communications Manager, Trintech
Tel. +1 972 739 1611. email:donna.martinez@trintech.com
Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Ed Gallo http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=75899
Concuity
CONTACT: Donna Martinez, Marketing Communications Manager of Trintech,
+1-972-739-1611, donna.martinez@trintech.com
Web site: http://www.trintech.com/
Logility Announces 2008 Leadership Award WinnersA.O. Smith Water Products, Basic American Foods, Malt-O-Meal and Shaw Industries Recognized for Supply Chain Leadership at Connections 2008
ATLANTA, June 24 /PRNewswire/ -- Logility, Inc. , a leading supplier of collaborative solutions to optimize the supply chain, today announced the 2008 Logility Leadership Award winners. This year's winners A.O. Smith Water Products, Basic American Foods, Malt-O-Meal and Shaw Industries were recognized at Logility's "Connections 2008: Saddle Up for Supply Chain Success" conference held recently in San Antonio, TX.
Logility's annual award program recognizes a select group of companies who have been the most innovative in their efforts to develop and implement collaborative supply chain processes that significantly improve operational performance through the deployment of Logility Voyager Solutions(TM). Each of this year's award recipients demonstrated success in building collaboration and visibility within their supply chains which has resulted in tangible business benefits including inventory reduction, improved forecast accuracy and higher customer service levels.
Examples of the winners' improvements in operational performance include:
-- A.O. Smith Water Products, a leading manufacturer and marketer of residential and commercial water heaters and hydronic boilers, was recognized for their achievement in building a more successful, streamlined Sales and Operations Planning (S&OP) process as well as improvements in supply chain planning and transportation management with Logility Voyager Solutions. As a result, A.O. Smith has increased collaboration both internally and externally, minimized inventory investments, reduced supply chain costs and maximized customer service levels.
-- Basic American Foods, one of the world's leading suppliers of convenience food products, including dry potato and bean products as well as refrigerated food products, was recognized for their success using Logility Voyager Transportation Planning and Management to optimize shipments, increase collaboration with carriers and automate freight payment. As a result, Basic American Foods has streamlined the tendering process utilizing EDI, can accurately predict monthly freight accruals and can plan loads more efficiently.
-- Malt-O-Meal, a leading manufacturer of ready-to-eat cereal, deployed Logility Voyager Solutions to increase internal visibility, accelerate communication, synchronize inventory investments and improve transportation management. As a result, Malt-O-Meal has improved customer service, enabled better internal communication, increased forecast accuracy, saved over $1 million annually with transportation load building, maximized carrier discounts and generated savings through aggregation and multi-stop loads.
-- Shaw Industries, one of the world's largest carpet manufacturers and a leading floor covering provider, deployed Logility Voyager Solutions to increase visibility, drive true business direction through Strategic Business Units and better align the S&OP process with corporate goals and initiatives. Shaw Industries is leveraging Voyager's built-in performance management capabilities to increase S&OP effectiveness across the organization. The benefits have led to increasing net margins, improving fill rates and stronger customer confidence.
"Each year it is an honor to recognize a select group of Logility customers as Leadership Award winners," said Mike Edenfield, president and CEO, Logility. "This prestigious list of award winners includes some of the world's leading manufacturers and we congratulate each of them on their supply chain achievements. We are proud to be the technology partner supporting their success and will continue to provide innovative solutions that help build strong, collaborative supply chains that sustain long-term benefits and growth."
About Logility
With more than 1,250 customers worldwide, Logility is a leading provider of collaborative, best-of-breed supply chain solutions that help small, medium, large and Fortune 1000 companies realize substantial bottom-line results in record time. Logility Voyager Solutions is a complete supply chain management solution that features performance monitoring capabilities in a single Internet-based framework and provides supply chain visibility; demand, inventory and replenishment planning; Sales and Operations Planning (S&OP); supply and global sourcing optimization; manufacturing planning and scheduling; transportation planning and management; and warehouse management. Logility customers include McCain Foods, Pernod Ricard, Sigma Aldrich, and VF Corporation. Logility is a majority owned subsidiary of American Software . For more information about Logility, call 1-800-762-5207 or visit http://www.logility.com/.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results to differ materially from those anticipated by statements made herein. These factors include, but are not limited to, changes in general economic conditions, technology and the market for the Company's products and services including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the effect of competitive products and pricing; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company's revenues. For further information about risks the Company could experience as well as other information, please refer to the Company's Form 10-K for the year ended April 30, 2007 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information about risks the Company could face as well as other information, contact Vincent C. Klinges, Chief Financial Officer, Logility, Inc., 470 East Paces Ferry Rd., Atlanta, GA 30305, (404) 261-9777. FAX: (404) 264-5206 INTERNET: http://www.logility.com/ or E-mail: asklogility@logility.com.
All trademarks are properties of their respective owners.
Logility, Inc.
CONTACT: Michelle Duke of Logility, Inc., +1-404-264-5485,
mduke@logility.com
Web site: http://www.logility.com/
Company News On-Call: http://www.prnewswire.com/comp/120967.html
Former AT&T CTO is Guest Speaker for Live Webinar on Reducing Churn by Improving Voice QualityDr. Hossein Eslambolchi Will Discuss How Optimized Voice Quality Can Help Retain Mobile and VoIP Subscribers
MOUNTAIN VIEW, Calif., June 24 /PRNewswire-FirstCall/ -- Ditech Networks, Inc. , a leading provider of voice quality solutions to the world's communications industry, today announced that it will host a live webinar featuring Dr. Hossein Eslambolchi, chairman of Divvio, Inc. Dr. Eslambolchi will deliver a presentation titled, "The 4 Cs of Churn Reduction," which will provide insight into how substandard voice quality can cause churn, and how the problem is resolved to retain VoIP and mobile subscribers. The webinar will be from 11-noon EDT (8 a.m. PDT, 3 p.m. GMT), on both July 9 and July 10.
Prior to Divvio, Dr. Eslambolchi held several executive positions at AT&T, including chief technology office and president of AT&T Bell Laboratories. During his 20 years at AT&T, Dr. Eslambolchi was responsible for implementing the company's technology and operations vision, heading a team of renowned engineers to develop an architecture to evolve AT&T's legacy voice and data networks into the company's converged IP/MPLS network. In addition to his vast experience with network technologies and leadership, Dr. Eslambolchi has been involved in receiving more than 800 patents.
The webinar will be hosted by Homayoun Razavi, Vice President of the Americas/EMEA, at Ditech Networks. Ditech is sponsoring the webinar to bring a service provider's perspective to the impact of voice quality on churn and customer satisfaction. Dr. Eslambolchi and Razavi will discuss:
-- How issues with voice quality can lead to customer dissatisfaction and lost revenue;
-- Why many voice quality problems are unrelated to RF or IP performance and how that impacts network performance, and;
-- How to understand and measure voice quality issues to reduce network cost.
Dr. Eslambolchi will address these issues from the perspective the 4 C's of managing voice quality to help churn in the VoIP and mobile services industries: capability, capital, cost and cycle time.
There is no charge for the webinar, and registration is online at http://www2.eventsvc.com/ditech/
About Ditech Networks
Ditech Networks is shaping the future of voice quality through continuous innovation and leadership for the world's communications companies. Ditech's voice quality solutions are deployed in wireless and wireline networks to optimize every call experience. By delivering consistent, dependable voice quality, Ditech's products help global communications companies meet the multiple challenges of service differentiation, network expansion, and call capacity. Ditech's customers include Verizon, Sprint/Nextel, Orascom Telecom, AT&T, China Unicom, Global Crossing and West Corporation. Ditech Networks is headquartered in Mountain View, California. For more information, visit http://www.ditechnetworks.com/.
Ditech Networks is a trademark of Ditech Networks, Inc. All other trademarks are the property of their respective owners.
Ditech Networks
CONTACT: press, Rob Adler, +1-415-984-1970; or investors, Bill Tamblyn,
+1-650-623-1309, both for Ditech Networks
Web site: http://www.ditechnetworks.com/
PPD Accelerates Clinical Trial Data Collection and Reporting With Oracle(R) Remote Data Capture 4.5.3Oracle and PPD Build on Long-Standing Relationship to Deliver Faster, Easier-to-Use Application at Clinical Trial Investigative Sites
BOSTON, June 24 /PRNewswire-FirstCall/ -- DIA 44th Annual meeting --
-- Today, Oracle and PPD, Inc. , a leading global contract research organization (CRO), announced that PPD has implemented Oracle(R) Remote Data Capture (RDC) Onsite 4.5.3, the newest version of Oracle's electronic data capture (EDC) solution, across eight active studies and 600 global investigative sites.
-- PPD integrated Oracle RDC Onsite 4.5.3 into its suite of clinical trial management applications this past March to accelerate entry and management of clinical trial data and to expand real-time reporting capabilities for its pharmaceutical, biotechnology and medical device clients.
-- Oracle RDC Onsite 4.5.3 has proven easier and faster to use with electronic case report form (eCRF) pages opening in two to three seconds. In addition, Oracle RDC Onsite 4.5.3 requires fewer key strokes to navigate pages, displays all information on a single CRF screen and allows investigators to open multiple pages simultaneously.
-- Users can also leverage the system's integrated discrepancy management capabilities to accelerate data corrections across the system.
-- PPD is leveraging the enhanced product's zero footprint to streamline system and site set-up and management. Oracle RDC Onsite 4.5.3, which is accessed via a Web browser and standard Internet connection, does not require investigational sites to load or maintain additional software, reducing information technology management complexity. The system also includes 128-bit encryption to keep data secure.
-- PPD, as part of a group of customer advisors, worked closely with Oracle to develop new functionality for Oracle RDC Onsite 4.5.3, focusing particularly on increasing investigator site performance, simplifying the user interface and eliminating site software installation through a fully Web-based EDC system.
-- PPD has integrated its interactive voice response (IVR) system with the Oracle Clinical platform. Investigators can now enroll and/or randomize patients with the IVR, automatically transmitting enrollment data into the Oracle Clinical and Oracle Remote Data Capture Onsite system, all during the same phone call.
-- Oracle RDC Onsite 4.5.3 helps life sciences organizations and CROs conduct clinical trials and studies more effectively and efficiently. Fully integrated with Oracle Clinical, Oracle Remote Data Capture Onsite 4.5.3 features an enhanced user interface and expanded reporting capabilities.
-- PPD has worked with Oracle since 2000 to develop Oracle Clinical solutions.
Supporting Quote
-- "Extensive collaboration between Oracle and PPD has resulted in a greatly enhanced version of Oracle Remote Data Capture Onsite that focuses on ease of use for trial investigators and improved manageability of the system," said Susan Atkinson, senior vice president of global biostatistics and data management at PPD. "We, along with our industry colleagues, worked with Oracle throughout the development process, which included extensive field testing. Our project managers and site investigators have reported a marked improvement in usability and navigation speed with Oracle Remote Data Capture 4.5.3, which is resulting in faster, more accurate data entry, thus accelerating the clinical trial process for our clients."
Supporting Resources
Oracle Remote Data Capture 4.5.3 Press Release
http://www.oracle.com/corporate/press/2008_feb/remotedatacapture.html
Oracle Remote Data Capture 4.5.3 Data Sheet
http://www.oracle.com/industries/life_sciences/rdc-onsite-datasheet.pdf
Oracle Clinical
http://www.oracle.com/industries/life_sciences/oracle-clinical.html
Oracle in Health Sciences
http://www.oracle.com/industries/health_sciences/index.html
PPD
http://www.ppdi.com/
About PPD
PPD is a leading global contract research organization providing discovery, development and post-approval services as well as compound partnering programs. Our clients and partners include pharmaceutical, biotechnology, medical device, academic and government organizations. With offices in 31 countries and more than 10,400 professionals worldwide, PPD applies innovative technologies, therapeutic expertise and a commitment to quality to help its clients and partners maximize returns on their R&D investments and accelerate the delivery of safe and effective therapeutics to patients. For more information, visit our Web site at http://www.ppdi.com/.
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Except for historical information, all of the statements, expectations and assumptions contained in this news release, including expectations and assumptions about PPD's relationship with Oracle and the performance and value of this technology, are forward-looking statements that involve a number of risks and uncertainties. Although PPD attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors which could cause results to differ materially include the following: rapid technological advances that make our products and services less competitive; risks associated with and dependence on collaborative relationships; competition within the outsourcing industry; continued success in sales growth; loss of large contracts; increased cancellation rates; economic conditions and outsourcing trends in the pharmaceutical, biotechnology, medical device, academic and government industry segments; the ability to attract and retain key personnel; risks associated with the development and commercialization of drugs, including earnings dilution and obtaining regulatory approval; risks associated with acquisitions and investments, such as impairments; risks that we may not continue our dividend policy; and the other risk factors set forth from time to time in the SEC filings for PPD, copies of which are available free of charge upon request from the PPD investor relations department.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
Photo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Oracle
CONTACT: Kevin Ruane of Oracle, +1-650-506-6610, kevin.ruane@oracle.com;
or Sue Ann Pentecost of PPD, +1-919-456-5890, sueann.pentecost@rtp.ppdi.com
Web site: http://www.oracle.com/
Atmel Announces ARM Cortex-M3 License and AT91SAM3 Flash MCU Family
ROUSSET, France, June 24 /PRNewswire/ --
- Extends Atmel's Market-leading AT91SAM Microcontrollers to
Next-generation ARM Technology
Atmel(R) Corporation (Nasdaq: ATML) announced today that it has licensed
the ARM(R) Cortex(TM)-M3 32-bit RISC processor for the next generation of its
market-leading AT91SAM ARM technology-based microcontrollers. This reinforces
Atmel's commitment to the ARM architecture, complementing its existing
licenses for the ARM7TDMI(R), ARM926EJ-S(TM) and ARM1176JZ-S(TM) processors.
Atmel's planned AT91SAM3 Flash MCU family will combine the ARM Cortex-M3
processor with the outstanding system implementation features that have
placed the AT91SAM series at the forefront of its market. These include
the multi-layer internal buses, an enhancement to the DMA for system
peripherals and distributed peripheral data controllers (PDCs) that give the
AT91SAM family its high internal data bandwidth, and enable intensive data
processing and high-speed data transfers to take place concurrently, when
compared to other implementations of the Cortex architecture. Atmel's
high-density on-chip Flash memory reduces the application chip count,
shortens boot and program load times and improves system security. The
multiple operating modes of the AT91SAM3 enable it to achieve excellent power
consumption under all conditions of use.
The AT91SAM3 family has Atmel's distinctive uniform peripheral register
structure that simplifies application programming, and enables software
modules to be easily transferred from one family member to another. This
uniformity of peripheral programming extends to development tools from
Atmel's established ecosystem of industry-leading third-party suppliers. It
is a major aid to application development.
Alfredo Vadillo, Atmel's Managing Director for ARM Microcontrollers,
commented, "The ARM Cortex-M3 processor gives our customers the option of
taking advantage of the latest developments in ARM's 32-bit RISC technology
in terms of performance and power consumption, together with all the benefits
of the AT91SAM family architecture and IP, as well as the ARM ecosystem. The
addition of the ARM Cortex-M3 processor strengthens Atmel's leadership in the
fast growing embedded 32-bit microcontroller market. It complements our
current market-leading product offering of AT91SAM and AVR32
microcontrollers."
"Atmel's decision to add the Cortex-M3 processor to its existing licenses
for the ARM7TDMI, the ARM926EJ-S and the ARM1176JZ-S processors indicates its
on-going commitment to the ARM architecture," said Eric Schorn, VP Marketing,
Processor Division, ARM. "Atmel joins the growing ranks of ARM Cortex-M3
processor implementers, and reinforces our architecture as the reference for
32-bit microcontrollers."
Atmel is today one of the industry's leading suppliers of
microcontrollers with a wide range of products. The ARM Cortex-M3 processor
will be used to expand today's product range of 8051, AVR(R), AVR32, and
ARM7(TM) and ARM9(TM) family-based microcontrollers into new markets.
Availability
Atmel's AT91SAM3 Flash microcontroller family based on the ARM Cortex-M3
processor will be available in 4Q 2008.
About Atmel
Atmel is a worldwide leader in the design and manufacture of
microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio
frequency (RF) components. Leveraging one of the industry's broadest
intellectual property (IP) technology portfolios, Atmel is able to provide
the electronics industry with complete system solutions focused on consumer,
industrial, security, communications, computing and automotive markets.
(C) 2008 Atmel Corporation. All Rights Reserved. Atmel(R), logo and
combinations thereof, AVR(R) and others, are registered trademarks or
trademarks of Atmel Corporation or its subsidiaries. ARM and ARM7TDMI are
registered trademarks of ARM Limited. Cortex, ARM926EJ-S, ARM1176JZF-S, ARM7
and ARM9 are trademarks of ARM Limited. "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. Other terms and product names may be trademarks of others.
Information:
Atmel's AT91SAM product information may be retrieved at:
http://www.atmel.com/products/AT91/
Atmel Press Contacts:
Peter Bishop, Communications Manager, Atmel Rousset
Tel: +33-0-4-42-53-61-50, Email: peter.bishop@atmel.com
Helen Perlegos, Public Relations
Tel: +1-408-487-2963, Email: hperlegos@atmel.com
Web site: http://www.atmel.com
Atmel Corporation
Peter Bishop, Communications Manager, Atmel Rousset, +33-0-4-42-53-61-50, peter.bishop@atmel.com, or Helen Perlegos, Public Relations, +1-408-487-2963, hperlegos@atmel.com, both of Atmel Corporation
Six Oregon Public Technology Companies to Hold Meetings for the Financial Investment Community in August
PORTLAND, Ore., June 24 /PRNewswire-USNewswire/ -- Now in its sixth year, the Oregon Technology Investor Tour continues to provide a unique opportunity for the financial investment community to interact directly with Oregon public technology companies, meet their management teams, demonstrate products, and take company tours. The tour will be held at individual company sites on August 11-12, and will feature these six public technology companies: ESI Inc.; FEI Company; Mentor Graphics Corporation; Pixelworks, Inc., RadiSys Corporation; and TriQuint Semiconductor.
"The real value in the Oregon Technology Investor Tour is that investors and analysts can derive more value from a single trip and experience a given company first-hand at its location," said Jennifer Bosze, Executive Director of AeA's Oregon Council. "From the company's perspective, it is a great opportunity to band together to raise the profile of Oregon public technology companies and combine efforts to attract a larger financial investment audience to Oregon."
"Participating in the Oregon Technology Investor Tour is a great way for TriQuint to showcase its well-diversified portfolio of growing businesses and highlight our strong management team. We believe this tour is a great way for investors to learn more about the health and diversity of Portland's 'Silicon Forest' and we look forward to sharing our story with a large and diverse group of investors," said Steve Buhaly, Chief Financial Officer, TriQuint Semiconductor.
"The AeA Technology Investor Tour provides a tremendous opportunity for the state of Oregon to showcase its leading public technology companies," explained ESI President and Chief Executive Officer Nick Konidaris. "In recent years, a number of high-tech companies have been successfully incubated and grown here, while ESI has enjoyed a history of growth in Portland for over 60 years. The AeA Technology Tour elevates our region's innovation and competitiveness to increase vital financial investments in Oregon's high-tech companies."
For more information, or to register for the event, please visit http://www.aeanet.org/oregontechtour.
About AeA
AeA, the nation's largest technology trade association representing all segments of the high-tech industry, is dedicated solely to helping our members' top line and bottom line. We do this in partnership with our small, medium, and large member companies by lobbying governments at the state, federal, and international levels, providing access to capital and business opportunities, and offering select business services and networking programs. For more information, please visit http://www.aeanet.org/.
About the Presenting Companies
Mentor Graphics Corporation
Mentor Graphics(R) is a technology leader in electronic design automation (EDA), providing software and hardware design solutions that enable companies to develop better electronic products faster and more cost-effectively. The company offers innovative products and solutions that help engineers overcome the design challenges they face in the increasingly complex worlds of board and chip design. Mentor Graphics has the broadest industry portfolio of best-in-class products and is the only EDA company with an embedded software solution.
Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. More information available at http://www.mentorgraphics.com/.
ESI, Inc.
ESI is a pioneer and leading supplier of world-class photonics and laser systems that help its microelectronics customers achieve compelling yield and productivity gains. The company's industry-leading, application-specific products enhance electronic-device performance in three key sectors -- semiconductors, components and electronic interconnect -- by enabling precision fine-tuning of device microfeatures in high-volume manufacturing environments.
Founded in 1944, ESI is headquartered in Portland, Ore. More information is available at: www.esi.com.
FEI, Inc.
FEI is the world leader in pioneering technologies and applications that deliver imaging solutions for 3D characterization, analysis and modification/prototyping with resolutions down to the sub-Angstrom level. Our customers, working in advanced research and manufacturing, are supported by field-experienced applications specialists. They have open access to FEI's prestigious global user network so they can succeed in accelerating nanoscale discovery and contribute to better living through new product commercialization. FEI's NanoPorts in North America, Europe and Asia provide centers of technical excellence where our world-class community of customers and specialists collaborate on the ongoing development of new ideas and innovative solutions. FEI has sales and service operations in more than 50 countries around the world. More information can be found at: www.fei.com.
Pixelworks
Pixelworks, headquartered in Tualatin, Oregon, is an innovative designer, developer and marketer of video and pixel processing technology semiconductors and software for high-end digital video applications. At design centers in Shanghai and San Jose, Pixelworks engineers push pixel performance to new levels for leading manufacturers of consumer electronics and professional displays worldwide. For more information visit: www.pixelworks.com.
RadiSys Corporation
RadiSys is a leading provider of advanced embedded solutions for the communications networking and commercial systems markets. Through intimate customer collaboration and combining innovative technologies and industry leading architecture, RadiSys helps OEMs, systems integrators and solution providers bring better products to market faster and more economically. RadiSys products include embedded boards, application enabling platforms and turn-key systems, which are used in today's complex computing, processing and network intensive applications. For more information, visit http://www.radisys.com/, write to info@radisys.com, or call 800-950-0044 or 503-615-1100.
TriQuint Semiconductor
TriQuint Semiconductor supplies high-performance modules and components for communications companies worldwide. We are a leader in market diversity across wireless handsets, base stations, broadband communications, space and military products. TriQuint provides standard and custom product solutions including a wide selection of foundry services. Our advanced process technologies include gallium arsenide (GaAs), surface acoustic wave (SAW), and bulk acoustic wave (BAW). Our goals are to improve the performance and lower the cost of our customers' applications. TriQuint has design, sales and manufacturing facilities in Oregon, Texas, and Florida, a production plant in Costa Rica, design centers in Massachusetts, North Carolina, Colorado and Munich, Germany. Our sales and field application engineering support offices are located throughout the world. For more information, visit http://www.triquint.com.
AeA - Oregon Council
CONTACT: Jennifer Bosze, Executive Director, AeA Oregon Council,
+1-503-624-6050, jennifer_bosze@aeanet.org
Web Site: http://www.aeanet.org/
http://www.esi.com/
http://www.fei.com/
http://www.mentorgraphics.com/
http://www.pixelworks.com/
http://www.radisys.com/
http://www.triquint.com/
CCID Consulting Analyzes China's IC Industry
BEIJING, June 24 /Xinhua-PRNewswire/ -- CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong (Hong Kong: 8235.HK), recently released its article on China's IC industry.
I. Review of China's IC Industry in 2007
Looking back 2007, facing the slow growth of the global semiconductor market and China's IT industry's slowing down, China's IC industry has been keeping its steady growth. The sales revenue reached 125.13 billion Yuan in 2007, up 24.3% over 2006.
Figure 1. The Sales Revenue & Growth of China's IC Industry, 2003-2007
http://www.ccidconsulting.com/upload/13286.jpg
Source: CCID Consulting, Jan. 2008
As for the development of China's IC industry, IC design, chip manufacturing and the packaging & testing industry have grown, and the packaging & testing industry had the rapidest growth. The sales revenue of China's IC package & testing industry reached 62.77 billion Yuan in 2007, up 26.4% over 2006. As for chip manufacturing, the new projects such as Hynix-ST Semiconductor drive the rapid development of the overall sales revenue of China's chip manufacturing. The sales revenue of China's chip manufacturing enterprises in 2007 reached 39.79 billion Yuan, up 23% over 2006. IC design industry in 2007 has not kept the rapid growth trend of previous years. The growth rate of its sales revenue falls back to 21.2% in 2007 from 49.8% in 2006. It is the first time its growth rate is lower than the growth rate of the IC industry.
Figure 2. The Sales Revenue & Growth of Industrial Chains in China's IC Industry in 2007
http://www.ccidconsulting.com/upload/13287.jpg
Source: CCID Consulting, Jan. 2008
In 2007, because of the rapid development of the package & testing industry and the slow growth of the IC design industry, the structure of China's IC industrial chain has changed. The market share of IC design fell back to 18% from 18.5% in 2006. The market share of chip manufacturing fell back to 31.8% from 32.1% in 2006. The market share of the package & testing industry increased to 50.2% from 49.3% in 2006.
Figure 3. The Structure of Industrial Chain in China's IC Industry in 2007
http://www.ccidconsulting.com/upload/13289.jpg
Source: CCID Consulting, Jan. 2008
Looking back 2007, China's IC industry has the following characteristics:
1. Industrial development slows down, some key vendors' performances are unfavorable
The growth rate of China's IC industry slowed down in 2007, especially for the IC design industry, whose growth rate is lower than the growth rate of the whole industry. Meanwhile, the operating performances of some IC design enterprises such as Actions Semiconductor and Vimicro, some chip manufacturing enterprises such as SMIC and Huahong NEC, some package & testing enterprises such as STS had a downslide in 2007.
Affected by the global semiconductor market's downturn, China's market's slow development and high RMB exchange rate, China's IC industry developed slowly in 2007. The major sales revenue of China's IC industry comes from export; the RMB's continuous appreciation directly drives China's IC industrial sales revenue by 5%.
2 Product Line Construction Gets New Results, Investment Becomes the Major Impetus to Drive Industrial Development
As for product line construction and investment, China's IC industry kept strong momentum in 2007.
As for the chip product line, Hynix-ST Semiconductor 12" product line rapidly reached its production target in 2007, and its sales revenue reached 9.359 billion Yuan, up 2.4 times over 2006 so as to drive the enlargement of China's chip manufacturing scale in 2007. Besides, China's many IC chip product lines are constructing or in the process of reaching production target. SMIC's Beijing factory and Tianjin factory, Huahong NEC, TSMC shanghai and Grace Semiconductor plan to extend capacity.
In the package & testing field, major manufacturers are carrying through large-scale expanding production. Jiangsu Changjiang Electronics Technology invested two billion Yuan to construct a new IC factory with five billion sets annual capacity and was official put into use in 2007. Samsung Electronics (Suzhou) Semiconductor's second factory was put into use. Freescale, Qimonda, RFMD and Renesas also increased investment to their package & testing enterprises in China. In addition, new projects also drive the rapid development of package & testing field.
3. Enterprises' Reorganization and Reform Make New Progress, Public Listing Becomes a Development Trend
In 2007, many semiconductor enterprises such as Spreadtrum, Nantong Fujitsu and Tian Shui Hua Tian get listed in NASDAQ and China. China has 19 semiconductor listing companies, which cover IC design, chip manufacturing, packaging & testing, discrete devices and semiconductor materials.
4. Competition is Heating up, IC Design Enterprises Face Severe Challenges
In 2007, second generation ID cards' chip market hasn't increased, which directly affects related enterprises' performance in 2007. Affected by standards, license and carriers' integration, the new markets such as 3G and digital TV have not formally started. Many IC design enterprises which have many years' R&D are still being sustained in China.
Exploring the reasons for the intense price competition in China's IC design field, enterprises' differences are increasingly vague and products' identical trends are the major reason. Currently, most enterprises' products focus on low- and middle-end consuming chips. This also decided that price wars are the most important means of China's IC design enterprises.
II. Forecast on the Development of the Industry and the Market in 2008
In 2008, China's IC market will hit its peak. The growth rate will exceed that in 2007. The major reason is digital TV and 3G driving the market development. However, the development speed of China's IC will slow down in the future. Because China's IC market accounts for a larger share of the global IC market, the development speed of the global IC market will also slow down. In general, the compound growth rate of China's IC market will reach 16.3% from 2008 to 2012. China's IC market will reach 1080.63 billion Yuan in 2011.
Figure 4. Forecast on Size & Growth Rate of China's IC Market, 2008-2012
http://www.ccidconsulting.com/upload/13290.jpg
Source: CCID Consulting, Jan. 2008
As for price, the price will have a downslide trend in the future. Because the capacities of DRAM and NAND Flash are mastered by some major enterprises, these enterprises' strategies and their price adjustment will have strong effect on market prices. These major enterprises will be more rational in the future. DRAM prices will be steady in 2008, but the price drop speed of NAND Flash will be faster than DRAM. In addition, analog components won't have large fluctuations.
As for industrial development, China's demand continuously increases; industrial policy environment's and investment environment's improvements, talent training and introduction drive the development of China's IC industry. However, the future of the global market is not clear; industrial competition is heating up; industrial chain connection is not smooth, which hinders industrial development.
Integrating these factors, China's IC industry will keep steady growth in the future. It is forecasted that the compound growth rate of the sales revenue of China's IC industry will reach 23.4% from 2008-2012. The sales revenue of China's IC industry will reach 357.66 billion Yuan in 2012. Then China will become one of the most important global IC manufacturing bases.
Figure 5. Forecast on Size & Growth Rate of China's IC Industry, 2008-2012
http://www.ccidconsulting.com/upload/13291.jpg
Source: CCID Consulting, Jan. 2008
About CCID Consulting
CCID Consulting Co., Ltd. (hereinafter known as CCID Consulting), the first Chinese consulting firm listed in the Growth Enterprise Market of the Stock Exchange (GEM) of Hong Kong (stock code: 8235.HK), is directly affiliated with China Center for Information Industry Development (hereinafter known as CCID Group). Headquartered in Beijing, CCID Consulting has so far set up branch offices in Shanghai, Guangzhou, Shenzhen, Wuhan and Chengdu, with over 300 professional consultants after many years of development. The company's business scope has covered over 200 large and medium-sized cities in China.
Based on major areas of competitiveness: industrial resources, information technology and data channels, CCID Consulting provides customers with public policy establishment, industry competitiveness upgrading, development strategy and planning, marketing strategy and research, HR management, IT programming and management. CCID Consulting's customers range from industrial users in electronics, telecommunications, energy, finance, automobile, to government departments at all levels and diversified industrial parks. CCID Consulting commits itself to becoming the No. 1 advisor for enterprise management, the No. 1 consultancy for government decisions and the No. 1 brand for informatization consulting.
For more information, please contact:
Cynthia Liu
Coordinating Manager
CCID Consulting Co., Ltd.
Tel: +86-10-8855-9080
Email: liuyan@ccidconsulting.com
CCID Consulting Co., Ltd.
CONTACT: Cynthia Liu, Coordinating Manager of CCID Consulting Co., Ltd.,
+86-10-8855-9080, or liuyan@ccidconsulting.com
Web site: http://www.ccidconsulting.com/upload/13286.jpg
http://www.ccidconsulting.com/upload/13287.jpg
http://www.ccidconsulting.com/upload/13289.jpg
http://www.ccidconsulting.com/upload/13290.jpg
http://www.ccidconsulting.com/upload/13291.jpg
S1 Enterprise and Verint Systems Announce Partnership to Aid Financial Institutions in Workforce OptimizationS1 Enterprise's Branch and Call Center Solutions Combine with Verint's Impact 360 Workforce Optimization Solutions to Help Financial Institutions Forecast Teller, Platform and Call Center Staffing Needs
NORCROSS, Ga. and MELVILLE, N.Y., June 24 /PRNewswire-FirstCall/ -- S1 Enterprise, a division of S1 Corporation and a leading provider of multichannel financial services software, and Verint Systems Inc. today announced a partnership agreement. Under the terms of the agreement, S1 Enterprise will offer the Verint(R) Witness Actionable Solutions(TM) Impact 360(R) Workforce Optimization capabilities as part of its S1 Teller, S1 Sales & Service and S1 Call Center application suite.
"Staffing needs in branches and call centers ebb and flow based on the day of the week, seasonal fluctuations, current promotions and other factors," said Darryl Demos, senior vice president and general manager, Verint Witness Actionable Solutions' enterprise solutions group. "The detailed data collected by the S1 Enterprise applications, along with our robust enterprise workforce optimization solutions, make it possible for branch and call center managers to forecast staffing requirements, especially as they relate to service-level goals."
S1 Enterprise's solutions, built on J2EE technologies, consolidate and store customer data from multiple channels on a common platform. By leveraging this data, the addition of Verint Witness Actionable Solutions' Impact 360 capabilities gives institutions the ability to look at historical activities to determine which and how many employees need to be on duty on a given day and time at the teller line, the platform and in the call center.
"Proper staffing is imperative because it has such a great impact on the quality of service and containment of costs," said William A. Proctor, senior vice president and general manager of S1 Enterprise's branch and call center business. "For too long, financial institutions have had to rely on guesswork and manual processes to plan for their labor needs. With the S1 Enterprise Platform consolidating complete transactional data in one repository, and Impact 360 bringing automation to forecasting and managing workloads, we anticipate that banks will have better control over their budgets and the service they provide."
About S1 Enterprise
More than 100 banks and three million consumer, small business, and corporate users worldwide rely on S1 Enterprise solutions to access and manage their financial information. A division of S1 Corporation , S1 Enterprise is a leading provider of integrated banking solutions that deliver financial service providers a holistic view of their customers whether online, in the branch or in the call center. Additional information about S1 Enterprise is available at http://www.s1enterprise.com/.
About S1 Corporation
S1 Corporation delivers customer interaction software for financial and payment services and offers unique solution sets for financial institutions, retailers and processors under three brand names: Postilion, S1 Enterprise and FSB Solutions. Additional information about S1 solutions is available at http://www.s1.com/, http://www.postilion.com/, http://www.s1enterprise.com/, and http://www.fsb-solutions.com/.
About Verint Witness Actionable Solutions
Verint(R) Witness Actionable Solutions(TM) is the leader in analytics-driven workforce optimization. Its solutions are designed to help organizations capture customer intelligence, uncover business trends, discover the root cause of employee and customer behavior, and optimize the customer experience. From contact centers to remote office, branch and back-office operations, its award-winning, next-generation Impact 360(R) Workforce Optimization suite is the industry's most unified solution set - featuring quality monitoring and recording, workforce management, speech and data analytics, customer feedback surveys, performance management and eLearning. Impact 360 helps organizations improve the entire customer service delivery network, powering the right decisions to help ensure service excellence and transform organizations into customer-centric enterprises.
About Verint Systems Inc.
Verint Systems Inc. (VRNT.PK), headquartered in Melville, New York, is a leading provider of actionable intelligence solutions for an optimized enterprise and a safer world. Today, more than 10,000 organizations in over 150 countries rely on Verint solutions to perform more effectively, build competitive advantage and enhance the security of people, facilities and infrastructure. Visit http://www.verint.com/.
S1 Corporation Forward-Looking Statements
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act. These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. These statements are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at http://www.s1.com/ or the SEC's web site at http://www.sec.gov/) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement.
Verint Systems Inc. Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on September 10, 2007, as supplemented by our Current Reports on Form 8-K filed on November 5, 2007, January 16, 2008, and April 9, 2008. The forward- looking statements contained in this press release are made as of the date of this press release and, except as required by law, the Company assumes no obligation to update or revise them or to provide reasons why actual results may differ.
VERINT, the VERINT logo, ACTIONABLE INTELLIGENCE, POWERING ACTIONABLE INTELLIGENCE, STAR-GATE, RELIANT, VANTAGE, X-TRACT, NEXTIVA, ULTRA, AUDIOLOG, WITNESS, the WITNESS logo, IMPACT 360, the IMPACT 360 logo, IMPROVE EVERYTHING, EQUALITY, CONTACTSTORE, EYRETEL, BLUE PUMPKIN SOFTWARE, BLUE PUMPKIN, the BLUE PUMPKIN logo, EXAMETRIC and the EXAMETRIC logo, CLICK2STAFF, STAFFSMART, AMAE SOFTWARE and the AMAE logo are trademarks and registered trademarks of Verint Systems Inc. Other trademarks mentioned are the property of their respective owners.
S1 Corporation
CONTACT: Nancy McCluney, Senior Product Marketing Manager of S1
Enterprise, +1-404-923-6112, nancy.mccluney@s1.com; or Eden Anderson of Verint
Witness Actionable Solutions, +1-858-270-9955, Ext. 26,
eden.anderson@verint.com
Web site: http://www.s1.com/
http://www.verint.com/
Motorola Gains DOCSIS 3.0(R) Certification in First CableLabs(R) Wave to Include Digital Voice ModemsMotorola secures first full Industry certification for voice and data modem including PacketCable(TM) 1.5 Certification for Motorola SURFboard(R) SBV6220 eMTA
HORSHAM, Pa., June 24 /PRNewswire-FirstCall/ -- Motorola, Inc. today announced that it has achieved PacketCable(TM) 1.5 certification for the Motorola SURFboard(R) SBV6220 digital voice modem. Certified during CableLabs(R) Cert Wave 59, this certification marks one of the first complete DOCSIS 3.0 and PacketCable 1.5 certifications of an embedded multimedia terminal adapter (eMTA) in the industry, continuing to fill out Motorola's industry-leading suite of customer premises equipment (CPE).
In response to the demand for integrated voice and data applications, cable operators are looking to optimize their networks by delivering DOCSIS 3.0 and PacketCable 1.5 certified technologies for subscribers' homes. Built on the TI Puma 5, the Motorola SURFboard SBV6220 digital voice modem supports DOCSIS 3.0 data functionality and enables MSOs to provide their customers with advanced multimedia services through additional upstream and downstream bandwidth availability.
"TI is dedicated to helping Motorola and MSOs achieve quick, industry-wide adoption and deployment of standards based DOCSIS 3.0 and PacketCable technology," said Brian Glinsman, TI's Communications Infrastructure and Voice general manager. "Motorola has reached two significant certification milestones leveraging TI's Puma 5 DOCSIS 3.0 chipsets in the past month that will help MSOs meet the large demand for higher speeds, high quality VoIP and next generation services."
The SURFboard SBV6220 digital voice modem was previously certified for data services in CableLabs Cert Wave 58 last month. It uses industry-standard signaling protocols to provide high-speed Internet access and up to two lines of full-featured digital voice telephone service over cable's broadband connection to the home. The SBV6220 is backward compatible to DOCSIS 1.0, 1.1 and 2.0 and can be deployed without service interruption, thus maximizing the MSO's current infrastructure investment while enabling the deployment of value-added services. In addition, it provides MSOs with an economic option for greater than 160 Mbps of user data throughput, without the need for a hybrid fiber coax (HFC) plant upgrade. The SBV6220 supports both IPv4 and IPv6, and Advanced Encryption Services as part of the DOCSIS 3.0 standards.
"Motorola continues to be a leader in DOCSIS technology working with partners like TI to provide innovative solutions that maximize our customers' investment in their networks," said Alan Lefkof, corporate vice president and general manager, Broadband Solutions Group, Motorola, Inc. "By combining PacketCable 1.5 and DOCSIS specifications with innovative technology like TI's Puma chip, Motorola is committed to bringing an unparalleled customer experience to MSOs' cable customers to provide full-featured digital voice telephone service over their home cable connection."
Motorola's SURFboard(R) SBV6220 digital voice modem enables operators to:
-- Help protect their installed base of high-speed data customers
-- Deliver new high-value / high-bandwidth, multimedia services
-- Deliver competitive, high-capacity commercial services to their business customers
Designed for service assurance, the Motorola SURFboard DOCSIS 3.0 SBV6220 is compatible with Motorola's NBBS device management platform and Motorola's eCare for remote access customer component troubleshooting and configuration, eliminating unnecessary truck rolls.
Motorola will demonstrate the SURFboard SBV6220 digital voice modem at booth #1251 at the SCTE's CableTec Expo(R) in Philadelphia June 24 - 27.
Motorola Cable Modem Termination System (CMTS) and cable modems are being used in successful end-to-end channel bonding deployments worldwide. Motorola enabled the world's first commercial channel bonding deployment through Starhub in Singapore, supports the first full-field deployment of DOCSIS 3.0 services for J:COM in Japan and delivers 100 Mbps high-speed data service to subscribers for Korea's largest cable operator. The company continues its leadership in field deployments with the second largest cable operator in the UK, which selected Motorola's EuroDOCSIS(R) 3.0-based CMTS for deployment in Scotland.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
CMTS: http://business.motorola.com/ultrabroadbandsolutions/home.html
MOTOROLA, stylized M Logo, and SURFboard are registered in the US Patent & Trademark Office. DOCSIS and CableLabs are registered trademarks and PacketCable is a trademark of Cable Television Laboratories, Inc. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2008. All rights reserved.
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Motorola, Inc.
CONTACT: media, Therese Van Ryne of Motorola, Inc., +1-847-370-2317,
Therese.vanryne@motorola.com; or industry analysts, Kathy Wiesner of Motorola
Home & Networks Mobility, +1-847-875-0166, k.wiesner@motorola.com
Web site: http://www.motorola.com/
Shire Pharmaceuticals Deploys Oracle Clinical Application to Create a Single View of Trial PortfolioOracle's Siebel Clinical Trial Management System Eliminates Manual Processes, Enables More Informed Decisions and Improves Ability to Evaluate Effectiveness of Contract Research Organization Partners
BOSTON, June 24 /PRNewswire-FirstCall/ -- DIA 44th ANNUAL MEETING, BOSTON - June 24, 2008
-- Shire Pharmaceuticals, with headquarters in Basingstoke, UK, is using Oracle's Siebel Clinical Trial Management System with embedded analytics capabilities to create a single view of the company's global clinical portfolio for study directors and managers.
-- Shire uses contract research organizations (CROs) to conduct the majority of its clinical trials. Prior to deploying Siebel Clinical Trial Management System, the company relied on a labor-intensive, spreadsheet-based system to track trial progress -- a process that did not provide real-time information or support in-depth analysis.
-- Siebel Clinical Trial Management System provides extended visibility and near-time information that enables a more accurate, up-to-date picture of any trial, allowing Shire to respond more quickly to issues or determine if a trial is producing better than expected results.
-- Using Siebel Clinical Trial Management System, Shire has created a single repository that contains a complete portfolio of the company's clinical trials. The system, which provides ready access to trial information and robust reporting capabilities, eliminates the need to maintain additional spreadsheets or databases with trial information. In addition, it includes powerful analytics capabilities to assess trial information.
-- Shire also is using the system to manage and audit trip reports -- documents from clinical trial investigation site visits included in the trial master file sent to the U.S. Food and Drug Administration (FDA) upon submission. The company can easily conduct audits to help ensure that CRO personnel conduct site visits as required, as well as analyze raw data from reports.
-- Shire worked with Oracle(R) Consulting to develop a clinical data exchange to enable easy import and export of file formats and to facilitate reporting.
-- Shire Pharmaceuticals continues to expand its use of Siebel Clinical Trial Management System by incorporating budgetary control and planning into the system. The company is also deploying Oracle's Siebel Relationship Management Warehouse to expand analytical reporting capabilities.
Supporting Quote
-- "With Oracle's Clinical Trial Management System, we have gained valuable, near-time visibility and insight into individual trials as well as our entire portfolio -- allowing us to improve both the efficiency and effectiveness of our trials," said Kirstin Lees, Clinical Programs Associate Director, Shire Pharmaceuticals. "We can now respond faster to changing conditions, supporting our goal of accelerating the delivery of safe and effective products to the market."
Supporting Resources
Oracle's Siebel Clinical Trial Management System
http://tinyurl.com/4623ef
Oracle in Health Sciences
http://www.oracle.com/industries/health_sciences/index.html
Shire Pharmaceuticals
http://www.shire.com/
About Shire Limited
Shire's strategic goal is to become the leading specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician. Shire focuses its business on attention deficit and hyperactivity disorder (ADHD), human genetic therapies (HGT), gastrointestinal (GI) and renal diseases. The structure is sufficiently flexible to allow Shire to target new therapeutic areas to the extent opportunities arise through acquisitions. Shire's in-licensing, merger and acquisition efforts are focused on products in niche markets with strong intellectual property protection either in the US or Europe. Shire believes that a carefully selected portfolio of products with strategically aligned and relatively small-scale sales forces will deliver strong results. For further information on Shire, please visit the Company's website: http://www.shire.com/.
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
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Oracle
CONTACT: Kevin Ruane of Oracle, +1-650-506-6610, kevin.ruane@oracle.com
Web site: http://www.oracle.com/
http://www.shire.com/
India's Largest Independent Clinical Research Organization Improves R&D Efficiency With OracleOver 500 SIRO Clinpharm Researchers In More Than 150 Clinical Studies Use Oracle(R) Clinical Applications
BOSTON, June 24 /PRNewswire-FirstCall/ -- DIA 44th Annual meeting --
-- SIRO Clinpharm Pvt Ltd (SIRO), India's largest independent,
full-service clinical research organization (CRO) is using Oracle(R)
clinical applications to improve R&D efficiency and customer
responsiveness.
-- Established in 1996, SIRO offers end-to-end clinical research services,
with clinical trials management and clinical data management as its
core operations. SIRO required a best-in-class solution that was robust
and could rapidly scale to meet the company's growth demands.
-- Oracle's clinical applications are helping SIRO speed up information
gathering and reduce the need for paper documentation.
-- Oracle's clinical applications enable CROs to improve R&D efficiency
by:
- Enhancing operational efficiencies and outcomes in clinical trial
management
- Increasing efficiency and quality of clinical data with electronic
data capture
- Streamlining analysis, reporting and submission of integrated
clinical and non-clinical data
- Improving clinical trial decision-support with clinical analytics
-- Oracle's integrated suite of applications and infrastructure software
for clinical development includes Oracle Clinical, Oracle Remote Data
Capture, Oracle Thesaurus Management System, Oracle Adverse Event
Reporting System, Oracle Life Sciences Data Hub, and Oracle's Siebel
Clinical Trial Management System. These solutions provide a
streamlined system for managing large volumes of patient data collected
during clinical trials.
-- Industry experts estimate that by 2011, India's CRO industry market
size will reach USD 1 billion. The success of the CRO business model is
heavily reliant on project, trial and data management.
-- Oracle's clinical applications help automate and effectively manage the
clinical phase from study set up through submission.
Supporting Quote
-- "We have grown at an aggressive rate for the last three years. To
sustain our aggressive growth plans, we are looking at both organic
and inorganic growth options across the globe. Oracle's clinical
applications are helping us achieve this by delivering a powerful
combination of technology and comprehensive business applications, and
key functionality built specifically to address the nuances of the CRO
industry," said Dr. Chetan Tamhankar, Chief Operating Officer, SIRO
Clinpharm.
Supporting Resources
Oracle Clinical
http://www.oracle.com/industries/life_sciences/oracle-clinical.html
Oracle in Health Sciences
http://www.oracle.com/industries/health_sciences/index.html
About SIRO Clinpharm
SIRO Clinpharm Private Limited (SIRO) is India's oldest and most trusted Clinical Research Organization (CRO), offering full scope services, conducting clinical trials in the Pharmaceutical, Biotechnology and Medical Devices sectors in compliance with International Standards. SIRO is one of the first CROs in India, which caters to the needs of pharmaceutical companies across the globe. SIRO's Clinical Research team carries out comprehensive and independent management of Phase I to Phase IV clinical trials in accordance with the requirements of regulatory authorities and the International Conference on Harmonization of Technical Requirements (ICH) for registration of Pharmaceuticals for human use and guidelines for Good Clinical Practices (GCP). For more information click on http://www.siroclinpharm.com/
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademark
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
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Oracle
CONTACT: Kevin Ruane of Oracle, +1-650-506-6610, kevin.ruane@oracle.com
Web site: http://www.oracle.com/
http://www.siroclinpharm.com/
LEO Pharma Goes Live on Oracle(R) Remote Data Capture Onsite 4.5.3Upgrade Supports Company's Efforts to Improve Clinical Trial Efficiency, Reduce Costs and Accelerate Drug Approval Submissions
BOSTON, June 24 /PRNewswire-FirstCall/ -- DIA 44th Annual meeting --
-- LEO Pharma A/S, a pharmaceutical company specializing in treatments for dermatological and vascular-related conditions, has upgraded to Oracle(R) Remote Data Capture Onsite 4.5.3, leveraging the application's new zero footprint and enhanced interface to help improve clinical trial site productivity and accelerate drug approval submissions to regulatory agencies.
-- Oracle Remote Data Capture Onsite 4.5.3, the newest version of Oracle's electronic data capture (EDC) solution, helps life sciences organizations and contract research organizations (CROs) conduct clinical trials and studies more effectively and efficiently. It is fully integrated with Oracle Clinical, the industry's leading clinical data management system.
-- The system's new zero footprint allows LEO Pharma's clinical trial investigation sites to rely solely on a Web browser without loading or maintaining additional software -- streamlining system and site management.
-- LEO Pharma also finds that trial investigators are opening report pages up to 70 percent faster with Oracle Remote Data Capture Onsite 4.5.3 than with the previous version of Oracle Remote Data Capture Onsite.
-- Further, LEO Pharma anticipates that Oracle Remote Data Capture Onsite's improved interface and easy-to-navigate case report forms (CRF) will accelerate data entry at investigation sites and improve data accuracy -- factors that contribute to faster data lock at the conclusion of a trial.
-- The company also will use the system's expanded electronic reporting capabilities to facilitate submissions to regulatory agencies, such as the U.S. Food and Drug Administration (FDA), by removing manual processes. The Patient Data Report provides a single PDF file of all CRFs entered for a single patient and presents data in the same form layout used for data entry. At the conclusion of a study, Patient Data Reports, coupled with audit trail and discrepancy information, provide a certified copy of the data for the investigative sites, and supply the data portion of the submission.
-- LEO Pharma uses Oracle's automated trial randomization capabilities to securely and rapidly randomize participant treatments. It also leverages Oracle's automated unblinding capability at the conclusion of a trial, eliminating a previously labor-intensive process.
-- The company first deployed Oracle Remote Data Capture in 2005, an implementation that helped it eliminate in-house data entry and remove expenses for printing, distribution and filing of CRFs, as well as decrease time from the last patient visit to database lock from six to 12 weeks down to one or two weeks. Today, LEO Pharma has more than 800 users of Oracle Clinical and Oracle Remote Data Capture.
-- LEO Pharma is rolling out Oracle Remote Data Capture Onsite 4.5.3 to sites throughout the United States and Europe.
Supporting Quote
-- "Oracle Remote Data Capture Onsite 4.5.3 provides us with powerful new functionality to help address two critical issues confronting the pharmaceutical manufacturing industry today -- increasing the productivity and efficiency of investigation sites and accelerating the regulatory approval submission process," said Alastair Clewlow, Head of Clinical Data and Document Management, LEO Pharma. "We look forward to building on our previous success with Oracle Clinical applications."
Supporting Resources
Oracle Remote Data Capture 4.5.3 Press Release
http://www.oracle.com/corporate/press/2008_feb/remotedatacapture.html
Oracle Remote Data Capture 4.5.3 Data Sheet
http://www.oracle.com/industries/life_sciences/rdc-onsite-datasheet.pdf
Oracle Clinical
http://www.oracle.com/industries/life_sciences/oracle-clinical.html
Oracle in Health Sciences
http://www.oracle.com/industries/health_sciences/index.html
LEO Pharma A/S
http://www.leo-pharma.com/
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
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Oracle
CONTACT: Kevin Ruane of Oracle, +1-650-506-6610, kevin.ruane@oracle.com
Web site: http://www.oracle.com/
LSI Introduces First 12 Gigabit Per Second Content Processing Board for Network Security and Telecom OEMsHighly-efficient design and industry-leading throughput deliver low power per Gb/s performance
MILPITAS, Calif., June 24 /PRNewswire-FirstCall/ -- LSI Corporation today announced the Tarari(R) 8400 series of PCI Express(R) "plug-and-play" content processor boards designed to meet the high-performance needs of network security and telecom OEMs. The Tarari 8400 series offers scalable performance up to 12 Gb/s at half the price per Gb/s and one-fourth the power of current solutions. The Tarari 8400 series offers complete hardware and software solutions that automatically detect and load balance up to four boards providing up to 48 Gb/s total throughput.
The new 8400 series dramatically improves the efficiency of industry-standard server/appliance platforms based on market-leading multi-core processors such as the Quad Core Intel(R) Xeon(R). These highly scalable solutions allow a common set of regular expression rules to be used over the entire range of performance levels, maximizing the financial return of a single development effort. This can significantly reduce engineering investment while speeding time to market. By deploying 8400 series boards to offload content processing workloads, lower-cost and lower-power CPUs can now be used in complete system designs, lowering overall server/appliance power and cost.
"We completed a comprehensive review of the LSI(TM) Tarari content processors and found that with the introduction of the 8400 series boards, LSI offers the broadest range of regular-expression accelerators for PCI Express [1]," said Bob Wheeler, senior analyst at The Linley Group. "These solutions meet the performance requirements of large-enterprise appliances."
Randy Smerik, senior vice president, Network Components Group, LSI, said, "Our 8400 series of content processor solutions is targeted specifically at systems that require a broad range of multi-gigabit speeds. We've leveraged our silicon to create scalable boards which will drive down the overall cost of adding greater intelligence, control and security into the network while maintaining system throughput performance."
The LSI Tarari content processor family is a comprehensive set of solutions providing security, quality of service, content-based billing and bandwidth management functions. These solutions support common industry interfaces and a common application programming interface, resulting in shorter design cycles and faster times to market. The Tarari 8400 series consists of four boards offering performance levels of 3 Gb/s, 6 Gb/s, 9 Gb/s and 12 Gb/s and supporting PCIe 8 lane interfaces from a wide range of multi-core processors including Intel Xeon, AMD Opteron(TM), Cavium Octeon(TM) Plus or RMI XLS(TM). Samples are expected to be available in September.
[1] Robert Wheeler, Linley Gwennap. A Guide to Security Processors and
Accelerators. Mountain View, CA: The Linley Group, 2008
About LSI
LSI Corporation is a leading provider of innovative silicon, systems and software technologies that enable products which seamlessly bring people, information and digital content together. The company offers a broad portfolio of capabilities and services including custom and standard product ICs, adapters, systems and software that are trusted by the world's best known brands to power leading solutions in the Storage and Networking markets. More information is available at http://www.lsi.com/.
NOTE TO EDITOR:
1. All LSI news releases (financial, acquisitions, manufacturing, products, technology, etc.) are issued exclusively by PR Newswire and are immediately thereafter posted on the company's external website, http://www.lsi.com/.
2. LSI, Tarari and the LSI logo design are trademarks or registered trademarks of LSI Corporation or its subsidiaries.
3. PCI Express is a registered trademark of PCI-SIG.
4. AMD Opteron is a registered trademark of AMD.
5. Cavium Octeon Plus is a registered trademark of Cavium Networks.
6. RMI XLS is a registered trademark of Raza Microelectronics, Inc.
7. All other brand or product names may be trademarks or registered trademarks of their respective companies.
LSI Corporation
CONTACT: Dan Devine of LSI Corporation, +1-610-712-6802,
dan.devine@lsi.com
Web site: http://www.lsilogic.com/
http://www.lsi.com/
Atmel Upgrades 4 Linear Regulator PMU Single Chip to 5V Input SupplyAT73C237 Integrates 4 Linear Regulators in a 3mm x 3mm QFN Package
ROUSSET, France, June 24 /PRNewswire-FirstCall/ -- Atmel(R) Corporation announced today the release of its AT73C237 Power Management Unit (PMU) compatible with a 5V input supply and generating four regulated output voltages, with programmable output voltage selection and output current up to 70mA.
The AT73C237 has a similar architecture to the established AT73C239 PMU, but supports a 5V supply. It integrates four Linear Low Drop Out (LDO) Regulators, three of which provide the high-accuracy supply (programmable from 1.2V to 2.75V) required by RF and analog devices, and one 1.8V regulator for backup battery/capacitor recharging. It integrates a Two Wire Interface (TWI) to allow a microcontroller to program the variable LDO output voltages and manage the enable of each LDO.
"A number of customers have appreciated using the AT73C239 and many of them have requested a direct 5V input. The AT73C237 was designed to answer this requirement," commented Michele Casetta, Marketing Manager for Atmel's Power Management And Analog Companions (PMAAC) Product Line.
"A 3mm x 3mm QFN package integrating a four-channel power supply is a major differentiator in the market and today customers can connect the application supply (Li-Ion battery, AC/DC input, USB port, etc.) directly to the AT73C237, thereby increasing the level of analog integration, and minimizing the BOM cost and product size. The AT73C237 is a universal PMU. Thanks to its extremely small package and high integration, the AT73C237 can be used in a large number of applications from portable devices to PC peripheral boards, from wireless chipset supply (GPS, Bluetooth(R), etc.) to Ethernet powered devices," concluded Michele Casetta.
Pricing and Availability
Atmel offers the AT73C237 in a 3 x 3 mm, 16-pin QFN package priced at US$0.65 in quantities of 100K units. It is available now mounted on a reference design board or as engineering samples.
About Atmel
Atmel is a worldwide leader in the design and manufacture of microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions focused on consumer, industrial, security, communications, computing and automotive markets.
(C) 2008 Atmel Corporation. All Rights Reserved. Atmel(R), logo and combinations thereof and others, are registered trademarks, or trademarks of Atmel Corporation or its subsidiaries. Other terms and product names may be trademarks of others.
Information:
Atmel's AT73C237 product information may be retrieved at: http://www.atmel.com/dyn/products/devices.asp?family_id=639
Atmel Corporation
CONTACT: Peter Bishop, Communications Manager, Atmel Rousset,
+33 (0)4 42 53 61 50, peter.bishop@atmel.com, or Public Relations, Helen
Perlegos, +1-408-487-2963, hperlegos@atmel.com, both of Atmel
Web site: http://www.atmel.com/
AnalogicTech's I(2)C-based LED Driver IC Offers Total Handset Lighting SolutionHighly Integrated Chip Combines Seven LED/Flash Drivers with 3 LDOs
SANTA CLARA, Calif., June 24 /PRNewswire-FirstCall/ -- Advanced Analogic Technologies, Inc. (AnalogicTech) , a developer of power management semiconductors for mobile consumer electronic devices, announced today the AAT2860, a new I(2)C-based Lighting Management Unit (LMU) that integrates up to seven LED drivers and three Low Dropout (LDO) linear regulators in a single IC. By offering these power functions in a variety of configurations, the new IC offers designers a single compact lighting solution for a wide variety of high performance camera phones.
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"Most smart phones today require some combination of backlight LED drivers for a main display, sometimes additional LED drivers for a smaller sub-display, one or more flash LED drivers, and LDOs to power the embedded camera," said Phil Dewsbury, product line director at AnalogicTech. "By rolling all these functions in various configurations into a single IC, the AAT2860 allows designers to minimize component count, board space and cost whether they are building a high end PDA-type phone with a single large display or a traditional clamshell design with two displays."
Multiple Configurations
Optimized for single-cell Lithium-ion/polymer systems, the AAT2860 operates across a 2.7V to 5.5V input voltage range. A tri-mode charge pump drives up to seven LEDs in multiple backlight and flash configurations.
The new LMU is initially available in two basic configurations. The AAT2860-1 is configured into either 7 LED drivers for a main display or 4 for a main display and three for a sub-display. The AAT2860-2 offers six LED drivers for a main display and one flash driver or four for a main display, two for a sub display and one flash driver. Other configurations are available upon request.
The current level for each LED is enabled, disabled and set via an I(2)C compatible serial interface. Backlight LEDs can be programmed across 32 discrete levels from 0.5 mA to 31 mA. To ensure uniform display brightness, current matching is better than 3 percent.
Flash LEDs are programmable across 16 levels up to 300 mA. Current matching for the flash LEDs is better than 5 percent. To protect the flash LEDs from thermal damage, the AAT2860 also includes a programmable safety timer, which will automatically terminate the flash pulse in the event of a software failure.
The AAT2860 also features three low-noise, low-dropout (LDO) linear regulators. Each LDO can deliver up to 300 mA load current with 150 mV dropout. Ground pin current is 80 uA. Each output is programmable via I(2)C from 1.5 to 3.0-V.
The AAT2860 also features automatic soft start and integrated thermal protection.
Price and Availability
Qualified across the -40 degrees C to +85 degrees C temperature range, the AAT2860 is available in a Pb-free, 24-pin TQFN34 package. The device sells for $2.08 in 1K quantities.
About AnalogicTech
Advanced Analogic Technologies, Inc. (AnalogicTech) is a supplier of Total Power Management(TM) semiconductor solutions for mobile consumer electronic devices, such as wireless handsets, notebook and tablet computers, smartphones, digital cameras, wireless LAN, and personal media players. The company focuses its design and marketing efforts on the application-specific power management needs of consumer, communications, and computing applications in these rapidly evolving devices. AnalogicTech also develops and licenses device, process, package, and application-related technology. AnalogicTech is headquartered in Santa Clara, California and Macau, S.A.R., with offices in China (Beijing, Shanghai and Shenzhen), Hong Kong, Taiwan, Japan, South Korea, Sweden, France and United Kingdom, as well as a worldwide network of sales representatives and distributors. The company is listed on the NASDAQ exchange under the ticker symbol AATI. For more information, please visit the AnalogicTech website: http://www.analogictech.com/. (AnalogicTech - G)
AnalogicTech and the AnalogicTech logo are trademarks of Advanced Analogic Technologies Incorporated. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders.
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Advanced Analogic Technologies, Inc.
CONTACT: Karolien Cools-Wittry of AnalogicTech, +1-408-737-4600,
karoliencw@analogictech.com; or Matthew Quint of Quint Public Relations,
+1-650-599-9450, mquint@quintpr.com, for Advanced Analogic Technologies, Inc.
Web site: http://www.analogictech.com/
Symposium Production Corp. Rated 'Speculative Buy' Price Target of $0.47 From Beacon Equity Research
DALLAS, June 24 /PRNewswire/ -- Symposium Production Corp. (Pink Sheets: SYPJ) has been rated 'Speculative Buy' with a price target of $0.47 by Beacon Equity Research Analyst Victor Sula, Ph.D.
The full report is available at http://www.beaconequity.com/m.
Anyone interested in receiving alerts regarding SPYJ research should e-mail members@beaconequity.com with "SYPJ" in the subject line.
In the report, the analyst writes, "SYPJ competes with record labels, digital music distribution and social networking companies and other Internet entertainment providers. The Company is unique in its focus on leveraging the power of social networking sites to distribute digital music and video clips. The shift from bricks-and-mortar retailing to online ordering is already a well-established trend in other markets such as in DVD rentals and CD sales and SYPJ is pursuing new online channels for cost-effectively distributing digital music."
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of SYPJ. Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon and its affiliates have been compensated a total of ten thousand dollars from Geneva Bancorp for enrollment of SYPJ in its research program and other services. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
BeaconEquity.com
Jeff Bishop, (469)-252-3505
press@beaconequity.com
http://www.beaconequity.com/
Reuben Sushman of Beacon Equity Research is a member of the National Association of Securities Dealers, CRD number 1755680.
Available Topic Expert(s): For information on the listed expert(s), click appropriate link. JEFF BISHOP http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=70781
: BeaconEquity.com
CONTACT: Jeff Bishop of BeaconEquity.com, +1-469-252-3505,
press@beaconequity.com
Web site: http://www.beaconequity.com/
The Home Depot Launches National CFL Bulb Recycling InitiativeAlso Implementing In-Store Energy Conservation Program
ATLANTA, June 24 /PRNewswire-FirstCall/ -- The Home Depot(R), the world's largest home improvement retailer, today expanded its long-term commitment to the environment and sustainability by launching a national in-store, consumer compact fluorescent light (CFL) bulb recycling program at all 1,973 The Home Depot locations. This free service is the first such offering made so widely available by a retailer in the United States and offers customers additional options for making environmentally conscious decisions from purchase to disposal. The Home Depot Canada launched a CFL recycling program in November, 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030502/HOMEDEPOTLOGO )
At each The Home Depot store, customers can simply bring in any expired, unbroken CFL bulbs, and give them to the store associate behind the returns desk. The bulbs will then be managed responsibly by an environmental management company who will coordinate CFL packaging, transportation and recycling to maximize safety and ensure environmental compliance.
In addition to the CFL recycling program, The Home Depot has also launched an in-store energy conservation program to switch Light Fixture Showrooms in U.S. stores from incandescent bulbs to CFLs by Fall 2008 and save $16 million annually in energy costs.
The CFL recycling program is an extension of The Home Depot's Eco Options program. Eco Options, launched in April 2007, is a classification that allows customers to easily identify products that have less of an impact on the environment.
"The CFL recycling program is another example of how The Home Depot is empowering customers to help make a difference in their own homes, and have less of an impact on the environment," said Ron Jarvis, senior vice president, Environmental Innovation. "With more than 75 percent of households located within 10 miles of a Home Depot store, this program is the first national solution to providing Americans with a convenient way to recycle CFLs."
Switching from traditional light bulbs to CFLs is an easy change consumers can make to reduce energy use at home. According to the EPA's ENERGY STAR(R) program, if every American switched out one incandescent bulb to a CFL, it would prevent more than $600 million in annual energy costs and prevent greenhouse gases equivalent to the emissions from 800,000 cars. As the largest retailer of light bulbs in the country, The Home Depot sold over 75 million CFLs in 2007, which saved Americans approximately $4.8 billion in energy costs and 51.8 billion pounds in CO2 greenhouse gases over the life of the bulbs.
Other environmental initiatives The Home Depot has implemented since the launch of Eco Options in April 2007 include:
-- Store recycling program in the U.S. of shrink wrap and mixed plastics, which will result in 50 million pounds of waste diverted from landfills each year.
-- Internal recycling initiative at corporate headquarters that is projected to increase the amount of recycled materials from 30 percent to at least 65 percent.
-- Renewed commitment to use transportation partners registered in SmartWay program and ensuring The Home Depot distribution facilities and stores further promote emission reduction.
For more information on the CFL Recycling Program or Eco Options, please visit http://www.homedepot.com/ecooptions.
About The Home Depot
The Home Depot(R) is the world's largest home improvement specialty retailer, with 2,262 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, Mexico and China. In fiscal 2007, The Home Depot had sales of $77.3 billion and earnings from continuing operations of $4.2 billion. The Company employs more than 300,000 associates. The Home Depot's stock is traded on the New York Stock Exchange and is included in the Dow Jones industrial average and Standard & Poor's 500 index. HDG
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The Home Depot
CONTACT: Jean Niemi, Sr. Manager - Corporate Communications of Home
Depot, +1-770-384-3407, Jean_niemi@homedepot.com
Web site: http://www.homedepot.com/
http://www.homedepot.com/ecooptions
Numerex Unveils NumereXpress(TM) PortalCommercial launch of a new Xpress device management system for SMSXpress(TM) and GPRSXpress(TM) customers
ATLANTA, June 24 /PRNewswire-FirstCall/ -- Numerex Corp. , the leading provider of full-service, highly secure machine-to-machine network services and solutions, today launched a portal to simplify device management and network provisioning for the company's SMSXpress and GPRSXpress customers.
The NumereXpress portal gives customers direct web-based access to the company's customer support and backend M2M services, easing the deployment and management of devices on the most widely deployed digital M2M communications network.
"The NumereXpress portal allows customers to be nimble when managing devices and allows instant visibility of all their subscriptions. This provides easier access to manage device activation, deactivation and adjust billing plans instantly," said Michael Lang, Executive Vice President of Sales and Marketing, Numerex.
Numerex's proprietary SMSXpress technology provides superior performance tailored to the M2M market. The SMSXpress service delivers a different user experience from traditional SMS or text messaging services. Messages bypass all network service centers and are routed directly to Numerex Networx SMSXpress Gateway, located in the company's secure data center. Customers access the Gateway for immediate delivery of messages utilizing Numerex's SOAP-based interface.
GPRSXpress is a GSM data transport service optimized for subscribers seeking a simple and efficient data plan for M2M communications. GPRSXpress is designed for users anticipating occasional data usage with an exception reporting application. For Numerex solution partners and customers, GPRSXpress provides an appealing price-performance network option for sub- 500KB applications.
With the launch of the NumereXpress portal, Numerex now has a complete solution for its telematic and telemetry customers looking to easily and seamlessly manage and develop their devices.
About Numerex
Numerex Corp. provides the broadest choice of secure machine-to-machine (M2M) network services and solutions. Numerex delivers a depth of expertise and excellence through its M2M service platforms -- Networx, Techworx, and Flexworx -- that leading companies choose to power their M2M solutions. Numerex is the first M2M Company in North America to carry ISO 27001 certification -- ISO's highest information security benchmark that ensures data confidentiality, integrity and availability. The Company offers its M2M products and services through a variety of brands including Uplink and Orbit One. Numerex is headquartered in Atlanta, Georgia. For additional information, visit http://www.numerex.com/
"Statements contained in this press release concerning Numerex that are not historical fact are "forward-looking" statements and involve important risks and uncertainties. Such risks and uncertainties, which are detailed in Numerex' filings with the Securities and Exchange Commission, could cause Numerex's results to differ materially from current expectations as expressed in this press release."
Mike Lang
EVP Sales & Marketing
770 485-2568
Media contact:
Mike Maney
Zer0 to 5ive for Numerex
610 934-7560
Numerex Corp.
CONTACT: Mike Lang, EVP Sales & Marketing, Numerex Corp.,
+1-770-485-2568; or Media, Mike Maney of Zer0 to 5ive, +1-610-934-7560, for
Numerex Corp.
Web site: http://www.numerex.com/
Atmel Upgrades 4 Linear Regulator PMU Single Chip to 5V Input Supply
ROUSSET, France, June 24 /PRNewswire/ --
- AT73C237 Integrates 4 Linear Regulators in a 3mm x 3mm QFN Package
Atmel(R) Corporation (Nasdaq: ATML) announced today the release of its
AT73C237 Power Management Unit (PMU) compatible with a 5V input supply and
generating four regulated output voltages, with programmable output voltage
selection and output current up to 70mA.
The AT73C237 has a similar architecture to the established AT73C239 PMU,
but supports a 5V supply. It integrates four Linear Low Drop Out (LDO)
Regulators, three of which provide the high-accuracy supply (programmable
from 1.2V to 2.75V) required by RF and analog devices, and one 1.8V regulator
for backup battery/capacitor recharging. It integrates a Two Wire Interface
(TWI) to allow a microcontroller to program the variable LDO output voltages
and manage the enable of each LDO.
"A number of customers have appreciated using the AT73C239 and many of
them have requested a direct 5V input. The AT73C237 was designed to answer
this requirement," commented Michele Casetta, Marketing Manager for Atmel's
Power Management And Analog Companions (PMAAC) Product Line.
"A 3mm x 3mm QFN package integrating a four-channel power supply is a
major differentiator in the market and today customers can connect the
application supply (Li-Ion battery, AC/DC input, USB port, etc.) directly to
the AT73C237, thereby increasing the level of analog integration, and
minimizing the BOM cost and product size. The AT73C237 is a universal PMU.
Thanks to its extremely small package and high integration, the AT73C237 can
be used in a large number of applications from portable devices to PC
peripheral boards, from wireless chipset supply (GPS, Bluetooth(R), etc.) to
Ethernet powered devices," concluded Michele Casetta.
Pricing and Availability
Atmel offers the AT73C237 in a 3 x 3 mm, 16-pin QFN package priced at
US$0.65 in quantities of 100K units. It is available now mounted on a
reference design board or as engineering samples.
About Atmel
Atmel is a worldwide leader in the design and manufacture of
microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio
frequency (RF) components. Leveraging one of the industry's broadest
intellectual property (IP) technology portfolios, Atmel is able to provide
the electronics industry with complete system solutions focused on consumer,
industrial, security, communications, computing and automotive markets.
(C) 2008 Atmel Corporation. All Rights Reserved. Atmel(R), logo and
combinations thereof and others, are registered trademarks, or trademarks of
Atmel Corporation or its subsidiaries. Other terms and product names may be
trademarks of others.
Information:
Atmel's AT73C237 product information may be retrieved at:
http://www.atmel.com/dyn/products/devices.asp?family_id=639
Web site: http://www.atmel.com
Atmel Corporation
Peter Bishop, Communications Manager, Atmel Rousset, +33-(0)4-42-53-61-50, peter.bishop@atmel.com, or Public Relations, Helen Perlegos, +1-408-487-2963, hperlegos@atmel.com, both of Atmel
ProLogis Leases 211,000 Square Feet to Electronics Supplier in Slovakia
BRATISLAVA, Slovakia, June 24 /PRNewswire-FirstCall/ -- ProLogis , the world's largest owner, manager and developer of distribution facilities, announced today that it has leased 211,000 square feet (19,600 square meters) of warehouse space in Slovakia to NAY Elektrodom, one of the leading electronics distributors and wholesalers in the country.
NAY Elektrodom will occupy a new facility under construction at ProLogis Park Bratislava, a major distribution park being developed 24 kilometers northeast of Bratislava. The company plans to use the facility as a regional distribution center, serving its 22 superstores in 20 cities throughout Slovakia.
"The economy in Slovakia is rapidly on the rise, resulting in steady demand for modern warehouse space," said Michael de Jong-Douglas, managing director for ProLogis in central and eastern Europe. "ProLogis Park Bratislava is strategically located near the capital and the Austria-Hungary border, providing for convenient local and cross-border distribution. We are seeing strong activity at all of our parks in Slovakia, and anticipate interest from the region's suppliers, retailers and third-party logistics providers will continue to expand as trade, job and consumer spending increases."
"Since its founding 17 years ago, NAY has established itself as a well-known brand, recognized as having the largest network of retail electronics stores in Slovakia," said Peter Zalesak, chairman of the board for NAY Elektrodom. "Our operations require high-quality, modern facilities that are optimally situated close to key business markets. ProLogis offers this and more, providing flexibility through collaboration and cooperation."
Located in the Senec municipality, ProLogis Park Bratislava contains six distribution centers totaling 1.93 million square feet (180,000 square meters). At full build-out the park, which provides direct access to the E75/D1, a major north-south highway linking Bratislava to the border of Poland, will comprise eight buildings totaling 2.69 million square feet (250,000 square meters) of high-quality distribution space. Other ProLogis customers at the park include Brilux, Carcoustics, DHL, Gebruder Weiss, Hopi, Lekkerland, Spandex, Tesco, Wincanton and Weindel.
ProLogis owns and manages three parks in Slovakia comprising 3.89 million square feet (362,000 square meters), as of March 31, 2008.
About ProLogis
ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations in 121 markets across North America, Europe and Asia. The company has $38.8 billion of assets owned, managed and under development, comprising 526.3 million square feet (48.9 million square meters) in 2,817 properties as of March 31, 2008. ProLogis' customers include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. Headquartered in Denver, Colorado, ProLogis employs over 1,500 people worldwide. For additional information about the company, go to http://www.prologis.com/.
ProLogis
CONTACT: media, Jessica Crow, +1-303-567-5137, jcrow@prologis.com, or
investors, Melissa Marsden, +1-303-567-5622, mmarsden@prologis.com, both of
ProLogis; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,
+1-212-329-1420, sdawson@lakpr.com, for ProLogis
Web site: http://www.prologis.com/
CenturyTel Announces Increased Dividend and Acceleration of Share Repurchase Program; Raises Annual Dividend to $2.80 Per Share
MONROE, La., June 24 /PRNewswire-FirstCall/ -- CenturyTel, Inc. today announced that its Board of Directors determined to:
-- Increase CenturyTel's annual cash dividend to $2.80 from $.27 per share.
-- Declare a one-time dividend of $.6325 per share, payable on July 21, 2008, to shareholders of record on July 7, 2008, effectively adjusting the total second quarter dividend to the new $.70 quarterly dividend rate;
-- Utilize future share buybacks to target net debt at 2.75 times operating cash flow;
-- Accelerate purchases under the current $750 million share repurchase program to complete the remaining balance of approximately $385 million by year end 2008 or early 2009, which is expected to increase the Company's ratio of net debt to operating cash flow; and
-- Continue to distribute substantially all of CenturyTel's free cash flow to shareholders.
The Company also expects to meet or exceed its previously announced second quarter 2008 operating revenues and diluted earnings per share guidance, excluding nonrecurring items, of $647 to $657 million and $.78 to $.82, respectively.
"CenturyTel ranks at or near the top of our peer group in revenue performance, adjusted operating cash flow margin, access line retention and broadband penetration," said Glen F. Post, III, chairman and chief executive officer. "This performance has allowed us to generate free cash flow per share growth rates that have been among the best in the industry over the last several years. Since 2004, we have returned more than 90% of our cumulative free cash flow -- or more than $2 billion -- to shareholders, primarily in the form of repurchase programs that have reduced our outstanding shares by 26%. We remain committed to returning substantially all of our free cash flow to shareholders and believe our new dividend and leverage policies will allow CenturyTel's share price to better reflect the strength of our operational performance."
"Our strong cash flows and solid balance sheet provide us the financial flexibility to return significant cash to our shareholders while continuing to invest in our broadband networks, including deployment of our 700 megahertz (MHz) spectrum," Post said. "We believe combining our up-to-10 megabit and gig-E data capabilities with the wireless broadband services enabled by our 700 MHz spectrum will provide us a unique opportunity to grow broadband revenues and retain and grow our broadband customer base. While we are still in the planning stages, we are comfortable that the amount of capital and start up operating costs necessary to deploy our 700 MHz and other broadband initiatives can be accomplished within the context of the higher dividends, leverage targets and accelerated and future share repurchases being announced today."
Dividend and Cash Return Policy
The new annual dividend rate of $2.80 represents a payout of approximately 52% of free cash flow. In addition to the dividend increase and payment of the special dividend, the Company expects to complete the remaining approximately $385 million of its current $750 million repurchase program by year-end 2008 or early 2009, depending on market conditions and other factors. Once the current buyback program is completed, the Company expects to utilize additional buyback programs, together with the possibility of additional dividend increases, to continue to return substantially all of its free cash flow to shareholders.
Increased Leverage Levels
The Company is targeting leverage at 2.75 times operating cash flow. As of March 31, 2008, CenturyTel's net debt to operating cash flow ratio was approximately 2.3 times. With the increased dividend and the utilization of its current and future repurchase programs, the Company expects to increase its ratio of net debt to operating cash flow to the target level.
Although the increased dividend payout and accelerated completion of the current repurchase program will result in additional leverage, the Company believes it will remain one of only two rural local exchange carriers with investment grade credit ratings.
"We are very pleased to announce these changes to our dividend and leverage policies, together with acceleration of our current buyback program. We believe these changes strike the right balance between providing substantial dividends and continuing meaningful share repurchases, while also allowing us to consider future dividend increases. This structure also provides us the financial strength to continue to invest in our broadband networks, as well as the ability to actively pursue the type of disciplined, accretive acquisitions that have historically been a key driver of our growth," said Post.
Investor Call
CenturyTel's management will host a conference call at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) today. Interested parties can access the call by dialing 888.797.2980 and entering the conference ID number 5440919. To access the slide presentation accompanying this call, go to http://www.vcall.com/, click the orange participant LOGIN button, complete requested information including room #101104 and click OK. The call will be accessible for replay through June 30, 2008, by calling 888.203.1112 and entering the conference ID number. Investors can also listen to this conference call and replay by accessing the Investor Relations portion of the Company's Web site at http://www.centurytel.com/ through July 14, 2008.
This release refers to certain non-GAAP financial measures, including but not limited to operating cash flow and free cash flow. Reconciliation of these and additional non-GAAP financial measures that may be discussed during the investor call described above will be available on the Company's Web site at http://www.centurytel.com/. Investors are urged to consider these non-GAAP measures in addition to, and not in substitution for, measures prepared in accordance with GAAP.
This press release includes certain forward-looking statements, estimates and projections that are based on current expectations only, and are subject to a number of risks, uncertainties and assumptions, many of which are beyond the control of the Company. Actual events and results may differ materially from those anticipated, estimated or projected if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. Factors that could affect actual results include but are not limited to the possibility of changes in the Company's cash requirements, capital spending plans, cash flow or financial position, changes in the trading price of CenturyTel's securities, corporate developments that could preclude CenturyTel from repurchasing stock due to restrictions under the federal securities laws, changes in the terms of our credit facilities or ratings, changes in general market, economic, tax, regulatory or industry conditions that impact the ability or willingness of the Company to return cash to its shareholders or operate with heightened leverage, the Company's continued access to credit markets on favorable terms, the Company's ability to successfully develop new products or service offerings, and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. You should be aware that new factors may emerge from time to time and it is not possible for the Company to identify all such factors, nor can the Company predict the impact of each such factor on its plans or business, or the extent to which any one or more factors may cause actual results to differ from those reflected in any forward-looking statements. You are further cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update any of its forward-looking statements for any reason.
CenturyTel is a leading provider of communications, high-speed Internet and entertainment services in small-to-mid-size cities through our broadband and fiber transport networks. Included in the S&P 500 Index, CenturyTel delivers advanced communications with a personal touch to customers in 25 states. Visit us at http://www.centurytel.com/.
CenturyTel, Inc.
CONTACT: Tony Davis of CenturyTel, Inc., +1-318-388-9525,
tony.davis@centurytel.com
Web site: http://www.centurytel.com/
[video] WallSt.net's '3 Minute Press Show' Features Executive Interviews and Highlights Recent Press for the Following: CXP, FEED, EXK and MOPN
NEW YORK, June 24 /PRNewswire-FirstCall/ -- WallSt.net's 3-Minute Press Show is a daily video program hosted by WallSt.net reporter, Tracee Tolentino.
Shows air Monday through Friday on: http://tv.wallst.net/3-min-press/3-min-press.php.
WallSt.net's 3-Minute Press Show features in-depth interviews with public company executives on their company and most recent press releases. The show is designed to provide viewers with insight into a company's most recent press release, and its impact on the company's growth.
The following executives were interviewed on today's show:
Michael Bailey, VP of Information Systems for Corporate Express Document & Print Management, a business unit of Corporate Express N.V. . To view this clip in its entirety, visit:
http://www.tv.wallst.net/r/3-minute-press/mktmaker/122/567
Arnold Staloff, Independent Director for AgFeed Industries, Inc. . To view this clip in its entirety, visit:
http://www.tv.wallst.net/r/3-minute-press/AgFEED/122/568
Bradford Cooke, Chief Executive Officer for Endeavor Silver Corp. . To view this clip in its entirety, visit:
http://www.tv.wallst.net/r/3-minute-press/Cooke/122/569
Charles Diamond, President of MOP Environmental Solutions, Inc. (Pink Sheets: MOPN). To view this clip in its entirety, visit:
http://www.tv.wallst.net/r/3-minute-press/wsdave/122/566
About WallStreet Direct, Inc.
WallStreet Direct, Inc. a wholly-owned subsidiary of Financial Media Group, Inc. (BULLETIN BOARD: FNGP) , owns and operates WallSt.net (http://www.wallst.net/), a leading source of up-to-the-minute business news, comprehensive financial tools and original multimedia content for the investment community. In addition to WallSt.net, WallStreet Direct owns and operates WallStRadio (http://radio.wallst.net/) an online hub for business podcasts from well-known business news personalities and publishers, and WallStTV (http://tv.wallst.net/), a hub for business and finance video content. To read our full disclaimer, and for a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.php.
Contact
WallSt.net
800-4-WALLST
WallStreet Direct, Inc.; MOP Environmental Solutions, Inc.; AgFeed
CONTACT: WallSt.net, 1-800-4-WALLST
Dow Corning Electronics' XR-1541 E-Beam Photoresists Take Aim at Next-Generation Lithography ProcessingNew High-Resolution Resists Enable Maskless Lithography Systems to Produce Features as Small as 6 nm
MIDLAND, Mich., June 24 /PRNewswire-FirstCall/ -- Dow Corning Electronics' Silicon Lithography Solutions group today announced the commercial availability of Dow Corning(R) XR-1541 E-Beam Resists, designed to enable the development of next-generation, direct-write lithography processing technology. This family of new advanced spin-on resists, which allow patterning with electron beams rather than conventional light, offers a maskless lithography technology capable of defining features as small as 6 nanometers (nm).
Available in a variety of high-purity, semiconductor-grade formulations, XR-1541 E-Beam Resists consist of hydrogen silsesquioxane (HSQ) resin in a carrier solvent of methylisobutylketone (MIBK). These negative-tone resists can be used with standard spin-on deposition coating equipment to produce thin films ranging in thickness from 30 nm to 180 nm in a single coat. Custom formulations are available for thinner or thicker films. The resists offer excellent etch resistance and line-edge definition down to 3.3 nm, and can be processed in a standard aqueous base developer.
Direct write e-beam lithography is used to create extremely small nanoscale structures without the need for photomasks. Thin films of resist material are first applied to silicon wafers. Next, narrow beams of electrons are used to expose the resist, which then becomes insoluble in developer, allowing unexposed regions to be selectively removed to produce patterns with fine features.
"Current lithography technology is becoming technically and economically difficult to extend beyond the 32 nm node," said Jeff Bremmer, global marketing manager with Dow Corning Silicon Lithography Solutions. "These innovative new resists allow research groups an economical way to directly write patterns with some of the highest resolutions possible, which will enable next-generation lithography process development for fabricating integrated circuits, masks or nanoimprint molds."
Several universities and research groups have already used HSQ-based e-beam resists to directly write fine patterns. "By commercializing XR-1541 E-Beam Resists, we aim to make it easier for research groups to purchase and acquire these enabling silicon-based materials," Bremmer said.
Dow Corning Corporation's Silicon Lithography Solutions has been supplying the semiconductor industry with silicon-based resins for photoresists and antireflective coatings since entering the market in 2004. For more information on the company's full range of silicon lithography materials, visit http://www.dowcorning.com/lithography. For a personal consultation, contact electronics@dowcorning.com.
About Dow Corning
Dow Corning Corporation (http://www.dowcorning.com/) is a globally integrated provider of materials, application technology and services, and is focused on providing innovative technologies that help its customers to invent the future. Dow Corning Corporation is equally owned by The Dow Chemical Company and Corning Incorporated . More than half of Dow Corning Corporation's sales are outside the United States.
Dow Corning Electronics
CONTACT: Rhonda Bovin of Dow Corning, +1-989-496-5489,
electronics@dowcorning.com; Bruce Hokanson of Loomis Group, +1-360-574-4000,
hokanson@loomisgroup.com
Web site: http://www.dowcorning.com/
Open-E's Data Storage Server Solution Empowers VMware ESX Server 3.5Industry recognized DSS(TM) storage management software certified to work with VMware ESX Server 3.5
BOSTON, June 24 /PRNewswire/ -- Open-E, Inc., a leading developer of storage management software, announced today that its flagship Data Storage Server (DSS(TM)) IP-Storage operating software has now been certified to work with VMware ESX Server 3.5.
Open-E's DSS is an all-in-one, fourth generation operating system software solution for centralized IP-storage management, combining full NAS and iSCSI SAN functionality. DSS is a powerful enabler for storage consolidation and is an effective alternative for enterprises to consolidate server virtualization resources, providing a dramatic improvement in cost of ownership.
VMware's ESX Server 3.5 is a key highlight of its award-winning, established infrastructure suite: the company's third-generation, production-ready virtualization series. An industry standard and widely integrated in enterprises across a wide range of industries, VMware's ESX features a robust, production-proven virtualization layer that abstracts processor, memory, storage and networking resources into multiple virtual machines.
Seamless integration of Open-E with the VMware ESX Server delivers significant ease of use, provides for consolidation of storage resources and enables organizations to automate and simplify their data management environment across both physical and virtual environments.
"We are very pleased that our comprehensive testing of VMware's ESX Server 3.5 with DSS have resulted in an industry 'must-have' solution for enhancing storage consolidation and complete data protection for organizations operating in a VMware environment," said Krzysztof Franek, president and CEO of Open-E. "VMware ESX delivers the highest levels of performance, scalability and robustness required for enterprise storage environments -- and our combined solution will now allow datacenters to provision their storage easily and cost-effectively. Moreover, the solution offers enhanced functionality with built-in data protection; virtualization; backup and recovery; and volume replication for disaster recovery -- all with virtually any connectivity."
Mike Sullivan, CTO of Alliance Technologies added, "Open-E provides us with established solutions for storage management -- and their integration with VMware enables us to provide a unique and certified solution for data management, archiving and disaster recovery to our customers."
Storage consolidation and provisioning capabilities enabled by the combined solution may also allow a single ESX server to run multiple operating systems and applications, helping organizations to be 'green environment friendly.' Concluded Franek, "The ESX server integrated with our DSS results in dramatically lowering the total-cost-of-ownership while giving a higher return-on-investment by eliminating the need to host additional servers, which in turn reduces the hardware footprint, decreases power, heat, cooling and maintenance overhead -- a win-win for all."
About Open-E's Data Storage Server (DSS)
Open-E's Data Storage Server (DSS) provides a fast, reliable, and scalable platform for IP Storage and is one of the easiest ways of implementing a NAS server and/or an iSCSI technology in a network. The DSS can be used with all x86 PCs containing USB ports, an IDE controller and an additional SATA controller on the main board or hardware controller.
DSS is built on Open-E's industry recognized NAS and iSCSI software technology, which is noted for its performance, superior security, robust operation and ease-of-use management advantages. With DSS, users may cost-effectively and quickly add storage to an existing network; consolidate storage and backups for multiple servers; centralize storage management with optimal performance and data protection; and improve data availability and efficiency.
The solution offers outstanding price-to-performance metrics, enhanced manageability, superior reliability and increased productivity for applications ranging from file sharing, storage consolidation, backup and recovery and virtualization to volume replication for disaster recovery.
DSS also supports a wide variety of hardware RAID platforms from the industry's leading names, as well as multiple types of network connectivity including GbE, 10GbE, Fibre Channel and Infiniband. The versatility of DSS also allows the user to combine NAS systems with iSCSI SAN systems, and provides built-in anti-virus and backup utilities, along with agents to support backup products from industry leading names.
Additionally, DSS supports software RAID functionality, taking advantage of current multi-core processing technologies.
About Open-E
Open-E, Inc. is a pioneering leader and developer of IP-based storage management software with headquarters in the United States and Europe. Its DSS, NAS-R3 and iSCSI-R3 product lines, built from the ground up for the SMB and SME markets with scalability to the enterprise, enjoy a multi-national reputation for best-in-class performance, flexibility, reliability, scalability and return-on-investment.
Open-E delivers its software exclusively through a world-wide network of experienced system integrator and reseller partners. With an extensive network of over 600 registered OEMs, distributors and reseller partners, including over 200 Open-E certified partners, organizations have the flexibility to work with the hardware solution provider of their choosing, allowing Open-E to focus on its core competency of storage software development.
For more information about Open-E and Open-E products or to become an Open-E partner please visit http://www.open-e.com/.
About VMware
VMware is the global leader in virtualization solutions from the desktop to the datacenter. Customers of all sizes rely on VMware to reduce capital and operating expenses, ensure business continuity, strengthen security and go green. With 2007 revenues of $1.3 billion, more than 100,000 customers and nearly 14,000 partners, VMware is one of the fastest growing public software companies. VMware is headquartered in Palo Alto, California and on the web at http://www.vmware.com/.
VMware is a registered trademark of VMware, Inc. in the United States and/or other jurisdictions. All other marks and names mentioned herein may be trademarks of their respective companies.
Press Contact:
Curtis Chan
CHAN & ASSOCIATES, INC.
Phone: (714) 447-4993 x100
Fax: (714) 447-6020
cj_chan@chanandassoc.com
*All trademarks are the property of their respective owners and are hereby acknowledged.
Open-E, Inc.
CONTACT: Curtis Chan of Chan & Associates, Inc., +1-714-447-4993,
ext. 100, Fax, +1-714-447-6020, cj_chan@chanandassoc.com, for Open-E, Inc.
Web site: http://www.open-e.com/
http://www.vmware.com/
Teltronics, Inc. Passes Annual ISO 9001:2000 Audit for the Seventh Consecutive YearTeltronics meets the intensive quality management certification requirements for the International Organization for Standardization, ISO 9001:2000
SARASOTA, Fla., June 24 /PRNewswire-FirstCall/ -- Teltronics, Inc. (OTC Bulletin Board: TELT), a premier provider of contract manufacturing services to the government, medical and communications industries, maintains ISO 9001:2000 certification after successfully completing the annual audit performed by the registrar, British Approval Board for Telecommunications (BABT). The worldwide ISO certification governs and promotes the development of commerce standardization to facilitate the international exchange of goods and services.
Teltronics has established and demonstrated effective procedures and processes that ensure all its products are manufactured, installed, and serviced under the quality management principles which carry an internationally recognized and certified level of excellence. Teltronics has held the ISO certification since 1998 and is ISO 9001:2000 approved until 2009, as a result of a 2006 comprehensive examination of its Quality System and Operations.
Rob Ramey, Vice President of Manufacturing for Teltronics, said, "The importance of this certification process to Teltronics continues to show commitment to our customers to maintain and continuously improve the quality of the goods and services we offer." He continued, "I am proud of the hard work and dedicated spirit of our staff in achieving this notable recognition."
About Teltronics:
Teltronics, Inc. is a leading, global provider of innovative communications solutions that enable our customers to increase revenues, decrease costs and improve productivity. The Company designs, develops and manufactures electronic equipment and applications software systems that enhance the performance of communications networks. Teltronics develops VoIP and digital voice communications platforms and software and contact center solutions for small to- large size businesses and government facilities. Teltronics is also recognized as a leading provider of network management solutions enabling enterprises and service providers to effectively monitor and maintain voice and data networks. All products are manufactured in an ISO 9001:2000 certified factory and the Company serves as a contract manufacturing partner to customers nationwide. Further information regarding Teltronics is available at the web site, http://www.teltronics.com/
A number of statements contained in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as we "believe," "anticipate," "expect," or words of similar import. Similarly, statements that describe our future plans, objectives, strategies or goals are also forward-looking statements. These forward-looking statements involve a number of risks and uncertainties that may materially adversely affect the anticipated results. Such risks and uncertainties include, but are not limited to, the timely development and market acceptance of products and technologies, competitive market conditions, payment of the consideration under our acquisition agreements, successful integration of acquisitions and the failure to realize the expected benefits of such acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, the ability to make payments under our outstanding indebtedness, the ability to pay dividends on our preferred stock, risks relating to foreign currency translations, and other factors described in the Company's filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements made herein and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we disclaim any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Teltronics, Inc.
CONTACT: Ewen R. Cameron, President & CEO, of Teltronics, Inc.,
+1-941-753-5000, ecameron@teltronics.com
Web site: http://www.teltronics.com/
Pharsight Launches PK Accelerator(TM)PK Accelerator Bundled Solution Accelerates Pharmacokinetic Analysis and Reporting
MOUNTAIN VIEW, Calif., June 24 /PRNewswire-FirstCall/ -- Pharsight Corporation , a leading provider of software, strategic consulting, and regulatory services for optimizing clinical drug development, today announced that it will be launching PK Accelerator (PKA(TM)), a system of bundled software coupled with a rapid deployment service provided at a fixed price and fixed scope. Adopting PK Accelerator will allow small to mid-sized organizations to deploy Pharsight's "best practices" solution for end-to-end pharmacokinetic analysis and validatable CFR 21 part 11 reporting in as little as 90 days.
Small to mid-sized research oriented pharmaceutical and biotech companies deploying PK Accelerator will be able to take advantage of the operational efficiencies Pharsight's enterprise and desktop software packages were designed to deliver. The software components of the PKA bundle will consist of the Pharsight(R) Knowledgebase Server(TM) (PKS), WinNonlin(R) Autopilot(TM), PKS Reporter(TM), the PKS and WinNonlin Validation Suites(TM), upgrades to WinNonlin Enterprise, and a choice of two of the following database connectors: Watson(TM), Excel(TM), or CDISC. All of these components have been designed for seamless interoperability and will be implemented as a complete system with minimal configuration. PK Accelerator will bring state-of-the-art clinical pharmacology archiving, analysis, and reporting capabilities within reach of smaller firms by standardizing the system's training and deployment procedures and leveraging Pharsight's best practices recommendations for system configuration and implementation. Standardized connector settings and transformations, standardized validation scripts, standardized software settings, standardized analysis and reporting templates and standardized business rules will all work together to improve the ROI for Pharsight's PK accelerating technologies.
"PK Accelerator allows you to integrate data into standardized PK-ready analysis formats, perform the analysis, and generate final NCA reports in as little as a day," said Shawn O'Connor, president, chief executive officer and chairman of Pharsight. "Pharsight is leveraging its lessons learned on 22 previous PKS and numerous AutoPilot and Reporter deployments and streamlining the process in order to accommodate the needs of small to mid-sized pharma and biotech companies."
About PKS
Pharsight(R) Knowledgebase Server(TM) (PKS) is a high-productivity, regulatory-compliant enterprise data repository that manages modeling and simulation data. PKS enables pharmaceutical and biotechnology companies to better manage and control preclinical and clinical PK/PD data and analyses, thus supporting higher modeling productivity as called for in the FDA's Critical Path Initiative. Companies also use PKS to build PK/PD data management architecture that complies with the FDA's regulation 21 CFR Part 11, which has set new standards for computer system validation and usage. PKS is directly integrated with WinNonlin Enterprise, Pharsight's industry-leading PK/PD modeling and analysis tool, for state-of-the-art modeling and analyses, and supports direct access to any ODBC-capable data source. PKS also supports analysis with leading tools such as NONMEM(R), and SAS(R), and data import from leading clinical data management and laboratory information management systems such as Watson LIMS(TM). PKS software is designed to complement other Pharsight products, including Trial Simulator(TM) and Drug Model Explorer(R) (DMX(R)), which are used for computer-based drug-disease modeling, clinical trial simulation, and drug model visualization.
About WinNonlin AutoPilot
WinNonlin(R) AutoPilot(TM) orchestrates PK analyses by selecting input data from a user's local file system or Pharsight Knowledgebase Server(TM) ("PKS"), and then directs WinNonlin to perform analyses and produce report quality tables, figures, and text output (e.g., in Microsoft(R) Excel(TM), SigmaPlot(R), and Microsoft Word(TM)) for regulatory submissions and interim reports. Formatted PK analyses outputs must reflect the requirements and SOPs of each research organization, and WinNonlin AutoPilot provides a user interface that allows extensive configuration of formatting and business rules to enable clear communication of standards and immediate use across the organization. PK analyses that can be automated include noncompartmental analysis for different study designs and inferential statistics (e.g., bioequivalence testing), as well as comparisons between analytes, dose routes or other conditions. Used in conjunction with PKS and PKS Reporter(TM), WinNonlin AutoPilot provides standardized, regulatory compliant, secure and automatic generation of routine analyses and reports. Used independently of PKS and PKS Reporter, WinNonlin AutoPilot can provide significant return on investment through productivity gains and quality improvements in PK analysis and reporting.
About PKS Reporter
PKS Reporter(TM) addresses the need for streamlined, systematic, and automated report generation and signature. Using PKS as an underlying source of secure, regulatory-compliant report content, PKS Reporter allows researchers to use familiar tools such as WinNonlin and Microsoft Word(R) to construct, update, review and approve any type of report.
About WinNonlin Validation Suite
The WinNonlin Validation Suite(TM) streamlines your on-site validation of the WinNonlin product. The Validation Suite provides a selection of automated tests, each of which runs a specific WinNonlin analysis or function and tests the results against standardized, known output.
About PKS Validation Suite
The PKS Validation Suite(TM) streamlines your on-site validation of the PKS product. The Validation Suite provides document templates, test data, and a collection of automated and manual test scripts. Leveraging the PKS Validation Suite as a starting point for validation efforts can save months of planning, testing, and reporting time.
About Pharsight Corporation
Pharsight(R) Corporation develops and markets integrated products and services that enable pharmaceutical and biotechnology companies to achieve significant and enduring improvements in the development and use of therapeutic products. The company's goal is to help customers reduce the time, cost and risk of drug development, as well as optimize the post-approval marketing and use of pharmaceutical products.
Pharsight's approach enhances the fundamental element of drug development success: strong decision-making. By adopting the Pharsight approach, customers acquire a new decision-making process with the potential to systematically improve every level and phase of their business and scientific processes. Pharsight is headquartered in Mountain View, California. Information about Pharsight is available at http://www.pharsight.com/.
Forward-Looking Statements
The statements in this press release related to the functionality, performance, and benefits of the PK Accelerator(TM) bundled software are forward-looking statements. Forward-looking statements are inherently speculative, and the actual results and customer's experience may differ materially from Pharsight's expectations due to a variety of factors, including: changes in FDA regulations and customers may not perceive the benefits of the IVIVC Toolkit(TM) for WinNonlin(R) to be the same as Pharsight believes them to be. Other risk factors relating to Pharsight are disclosed in the company's most recent Form 10-Q filed with the Securities and Exchange Commission on February 14, 2008. All forward-looking statements are based on information available to the company on the date hereof, and the company assumes no obligation to update such statements.
Registered Trademarks and Trademarks
Pharsight is a registered trademark of Pharsight Corporation. All other brand and product names are trademarks or registered trademarks of their respective holders.
Pharsight Corporation
CONTACT: investors, Douglas Sherk or Matthew Selinger, +1-415-896-6820,
or media, Steve DiMattia or Donald Takaya, +1-646-201-5445, all of EVC Group,
for Pharsight Corporation
Web site: http://www.pharsight.com/
Netherlands' Largest Cable Service Provider Ziggo Selects AmdocsOperations Support System (OSS) Suite Offers Unified Resource and Inventory Management Platform Across Entire Ziggo Network
ST. LOUIS, June 24 /PRNewswire-FirstCall/ -- Amdocs , the leading provider of customer experience systems, today announced that Ziggo, the largest Dutch cable service provider, has selected the Amdocs OSS Suite to deliver a unified platform for resource and inventory management across all its business units. Ziggo was formed by unifying the former entities known as @Home, Casema, and Multikabel. Building on an existing partnership, Ziggo will integrate the entire network with Amdocs OSS Suite for improved operational efficiency, reduced costs and decreased time to market for new services.
According to the World Economic Forum, the Netherlands maintains one of the highest technology penetration ratios in the world, with almost every house in the Netherlands connected to a broadband network. This technology acceptance necessitates a higher level of service to retain customers, rather than competing for new subscribers. To remain competitive in such an advanced market, Ziggo uses the Amdocs OSS Suite as a single source to identify accurate data and streamline the assurance process and faster problem resolution for customers.
"The Amdocs OSS platform has always been an important part of Ziggo's OSS landscape," said Paul Hendriks, chief technology officer of Ziggo. "After the consolidation of the Casema and Multikabel networks, we were faced with multiple legacy systems to manage 3.3 million households, 1.4 million broadband Internet customers, 900,000 digital TV customers and 750,000 telephony subscribers. By consolidating to Amdocs OSS we hope to better serve our customers by automating business processes that will generate a consistent experience."
Charles Born, vice president of corporate communications at Amdocs, said, "Ziggo has both the largest and fastest network in the region and needs to monitor a variety of legacy OSS systems. By selecting Amdocs OSS Suite, Ziggo can efficiently resolve network issues while maintaining a low cost of ownership."
For additional information on the Amdocs OSS Suite please visit: http://www.amdocs.com/Site/Offerings/index.htm.
About Ziggo
Ziggo is a national telecom operator and the largest cable company in the Netherlands. Ziggo services 3.3 million households, 1.4 million broadband Internet customers, 900,000 digital TV customers and 750,000 telephony subscribers. The company also has a strong position in the market for business telecom products and services. Ziggo has a national footprint with strong regional roots. For more information about Ziggo please visit: http://www.ziggo.nl/
About Amdocs Customer Experience Systems (CES)
Amdocs CES, introduced in January 2008, is an integrated portfolio that delivers the operating environment service providers need to transform from providers of utility voice, data and video services into purveyors of the digital lifestyle. Amdocs CES allows providers to deliver an optimal customer experience-personalized, participatory and timely across any service, location and device. The Amdocs CES portfolio leverages Amdocs business process best practices based on real-world scenarios, and transcends traditional business support systems (BSS), operations support systems (OSS) and service delivery platforms (SDPs) to enable service providers to address both current and emerging customer experience business processes. Amdocs' unique business model focuses on enabling its customers to create differentiation and build brand, loyalty, profitability and competitive leadership.
About Amdocs
Amdocs is the market leader in customer experience systems innovation, enabling world-leading service providers to deliver an integrated, innovative and intentional customer experience(TM) at every point of service. Amdocs provides solutions that deliver customer experience excellence, combining the software, service and expertise to help its customers execute their strategies and achieve service, operational and financial excellence. A global company with revenue of $2.84 billion in fiscal 2007, Amdocs has more than 17,000 employees and serves customers in more than 50 countries around the world. For more information, visit Amdocs at http://www.amdocs.com/.
Amdocs Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the business segments it serves, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future, however the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2007, filed on December 3, 2007, and in our quarterly 6-K furnished on February 11, 2008 and on May 6, 2008.
Amdocs
CONTACT: Steve Ortley, +1-212-445-8470, sortley@webershandwick.com, of
Weber Shandwick for Amdocs
Web site: http://www.amdocs.com/
http://www.ziggo.nl/
http://www.amdocs.com/Site/Offerings/index.htm
SectorWatch.biz Issues MarketStats on Telecommunications Companies ITUI, EGHT, NT, VG, and VZ
IRVINE, Calif., June 24 /PRNewswire/ -- SectorWatch.biz announces the availability of MarketStats for telecommunications equities in the news and driving markets today. MarketStats offers a perspective on the aforementioned equities and the opportunity for investors to respond with articles and opinions on the subject and sector creating a confluence of opinion and analysis.
Investors can view MarketStats by visiting: http://www.sectorwatch.biz/ -- a division of financial news hub SmallCapSentinel.com.
Today's MarketStats for telecommunications companies include i2Telecom International, Inc. (BULLETIN BOARD: ITUI) , 8X8 Inc. , Nortel Networks Corp. , Vonage Holdings Corp. , and Verizon Communications Inc. .
For a profile on i2Telecom International, Inc. (BULLETIN BOARD: ITUI) visit the following link: http://stockupticks.com/profiles/6-3-08.html
Visit SectorWatch's parent site SmallCapSentinel.com for telecommunications-related stock message boards and to read or contribute articles on the subject. Users are invited to post editorials and messages on the website.
Register to receive more information on this topic at: http://stockupticks.com/register.html
SectorWatch.biz is powered by Market Pathways, a leader in the representation of Small Cap equities for over twenty-five years. Market Pathways' analyst Brian Kelly holds CRD #2880975. Contact us directly to have your company featured in StockUpTicks.com or SectorWatch.biz using the contact info below.
Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SectorWatch.biz, SmallCapSentinel.com and StockUpTicks.com are properties of Market Pathways Financial Relations Inc. (MP). MP provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. The subject companies have not always approved the statements made in this report.
This report is neither a solicitation to buy nor an offer to sell securities but is for information purposes only and should not be used as the basis for any investment decision. MP is not an investment advisor, analyst or licensed broker dealer and this report is not investment advice. MP has been paid eighteen thousand dollars by BD Royal Inc. for preparation and distribution of this report and other advertising services over a ninety day period. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding the subject company.
SectorWatch.biz
CONTACT: Shannon Squyres, Editor of Market Pathways, +1-949-955-0107, for
SectorWatch.biz
Web site: http://www.sectorwatch.biz/
http://smallcapsentinel.com/
http://stockupticks.com/
FNDS3000 Corp has Integrated Their Platform With the Central ATM Switch in South Africa
PONTE VEDRA BEACH, Fla., June 24 /PRNewswire-FirstCall/ -- FNDS3000 Corp (BULLETIN BOARD: FDTC) (Frankfurt: "FT4," A0MWLG) announces that it has completed the integration of their platform with Bankserv to allow their cards to be used at any ATM throughout South Africa. FNDS3000 BIN (Bank Identification Number) issued through a South African Bank has been loaded at all the banks in South Africa so that cards processed by FNDS3000 can be used at virtually all ATMS located in South Africa. Additionally live transactions have been successfully performed at all the major banks in South Africa as well as many of the smaller banks.
Victoria Vaksman, EVP of FNDS3000 stated, "We are excited to report that our platform has successfully integrated with the local transactional switch, utilized by all banks in South Africa. This integration and intensive testing with six different banks allows us now to offer to our customers prepaid cards which can be used at any ATM in the country. This is a very important milestone which allows our company to become an important player in the South African financial sector market"
Pieter Cilliers, Bankserv CEO stated, "We are pleased to have concluded such a successful project with FNDS3000. It demonstrates the value we can offer the banking community, both locally and abroad, and will broaden the financial services available in South Africa by giving cardholders instant, easy access to cash."
About Bankserv
Bankserv is an automated clearing house processing high volumes of payment transactions. The company's electronic switching, settlement and associated value-added solutions enable financial institutions to deliver cost-effective, efficient services to their customers. Founded on cooperation among the country's leading banking institutions, Bankserv provides the platform on which a large part of South African national payment system is based. The company processes around 7 trillion worth of transactions per annum. Simplicity of interoperability drives Bankserv's approach to the market. The company leverages its professional infrastructure to integrate bank systems and communication environments. This limits costs, controls risk and reduces complexity. Bank serve operates within an environment of trust. The company ensures its customers' business continuity by running failsafe systems 24 hours a day, 7 days a week, 365 days a year and delivering to high service level agreements"
About FNDS3000 Corp
FNDS3000 Corp is a financial services company that provides prepaid and debit cards to the over 1 Billion working population worldwide who do not have a bank account. This market is estimated at over $100 Billion on an annual basis. The Industry average revenue for prepaid payroll cards is $12.00 per month per card in the U.S. and Europe. Our payroll card product allows the employer to replace payroll checks for their un-banked and other workers. In addition it allows employers to use the card where they now have to pay their employees in cash, which is estimated to be over 50% of the worldwide working population. Our cards allows for the domestic and international money transfer providing an inexpensive, safe and secure alternative to traditional money transfer companies like Western Union(R) and MoneyGram(R), a market estimated to be over $100 Billion annually. Our suite of card products can be used at millions of retailers and ATM's on a worldwide basis. Other services include Gift cards, bill pay, prepaid cellular, etc.
Matters discussed in this press release contain forward looking statements as defined under the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risk and uncertainties, which could significantly impact the actual results, performance or achievements of the Company. Such risks and uncertainties include, but are limited to, the time frame for production of revenue, product development and commercial introduction, the impact of rapid price and technological change and competition, manufacturing and supply uncertainties and other risks as may be detailed from time to time in the Company's periodic reports filed with the Securities & Exchange Commission.
FNDS3000 Corp
CONTACT: David Fann, President, FNDS3000Corp, +1-904-273-2702,
dfann@fnds3000.com
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