KeyCorp Selects Cognizant as the Technology Vendor of the Year
Southern Company Announces Expected Charges for SILO Transactions
ATLANTA, June 26 /PRNewswire-FirstCall/ -- Southern Company today announced that it expects to record an after tax charge of approximately $70 million - $90 million in the second quarter of 2008 related to three residual investments from the 1990s, when the company pursued development of international energy projects. These international lease transactions, commonly known as "sale-in, lease-out" or "SILO" transactions, are no longer pursued by Southern Company or its subsidiaries.
In connection with an audit of the company's 2000 - 2003 tax returns, the Internal Revenue Service (IRS) challenged Southern Company's deductions related to the SILO transactions. In the third quarter of 2006, Southern Company paid the full amount of the disputed tax and the applicable interest on the SILO issue for tax years 2000 and 2001, and filed a claim for refund which was denied by the IRS. Following the IRS disallowance of the refund claim, Southern Company initiated litigation in the U.S. District Court for the Northern District of Georgia for a complete refund of tax and interest paid for the 2000 and 2001 tax years.
During the second quarter of 2008, decisions in favor of the IRS were reached in several court cases involving other tax payers with similar leveraged lease investments. Pursuant to the application of Financial Accounting Standards Board (FASB) Interpretation No. 48, "Accounting for Uncertainty in Income Taxes" (FIN 48) and FASB Staff Position No. 13-2, "Accounting for a Change in the Timing of Cash Flows Relating to Income Taxes Generated by a Leveraged Lease Transaction" (FSP 13-2), management is required to assess, on a periodic basis, the likely outcome of the uncertain tax positions related to the SILOs.
Based on these accounting standards and management's review of the recent court decisions, Southern Company expects to record an after tax charge of approximately $70 million - $90 million in the second quarter of 2008. Of the total, approximately $20 million - $30 million is associated with the application of FIN 48 and represents additional interest expense related to tax returns for years 2000 - 2007 and approximately $50 million - $60 million represents non-cash charges related to the application of FSP 13-2. The charges related to FSP 13-2 reflect the reallocation of lease income and will be recognized as income over the remaining term of the affected leases. The tax benefit associated with the lease transactions represents timing differences that do not impact total net income over the life of the transactions. The ultimate impact on Southern Company's net income and cash flow will be dependent on the outcome of its pending litigation with the government and proposed legislation and cannot be determined at this time.
Chief Financial Officer Paul Bowers and Ron Hinson, senior vice president and chief accounting officer, will provide additional details for financial analysts at 11 a.m. EDT, on Friday, June 27.
Investors, media and the public may listen to a live Internet Webcast of the conference call at http://investor.southerncompany.com/ by clicking on the appropriate audio link. A replay of the Webcast will be available at the same site for 90 days.
With nearly 4.4 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company is the premier energy company serving the Southeast, one of America's fastest-growing regions. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are significantly below the national average. Southern Company has been listed the top ranking U.S. electric service provider in customer satisfaction for nine consecutive years by the American Customer Satisfaction Index (ACSI). Visit our Web site at http://www.southerncompany.com/
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning pending litigation and proposed legislation related to SILO transactions and expected charges for the second quarter, 2008. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2007, could cause results to differ materially from management expectations as suggested by such forward-looking information: changes in tax and other laws and regulations to which Southern Company and any of its subsidiaries are subject, as well as changes in application of existing laws and regulations and current and future litigation, regulatory investigations, proceedings or inquiries, including IRS audits. Southern Company expressly disclaims any obligation to update any forward-looking information.
Southern Company
CONTACT: Jason Cuevas of Southern Company, +1-404-506-5333,
+1-866-506-5333, media@southerncompany.com
Web site: http://www.southerncompany.com/
http://investor.southerncompany.com/
Brocade Extends Advanced Performance and Data Center Networking Capabilities to ServersInnovative Brocade Host Bus Adapters (HBAs) Now Available to Customers and Channel Partners; Designed for Use in Key System Environments
NEW YORK, June 26 /PRNewswire-FirstCall/ -- (Brocade Technology Day) -- Brocade(R) , the leader in data center networking solutions that help enterprises connect and manage their information, today announced the general availability of a new family of server host bus adapters (HBAs) that offers unique breakthroughs in terms of performance and end-to-end data center networking capabilities. The new server adapters offer key advantages for customers who are considering and deploying server virtualization as part of their evolving data center operations.
The innovative Brocade HBAs utilize an industry-first integration of important adapter functions into high-performance hardware and have been designed to enable the adapters to deliver twice the throughput of competing products. This performance is an important factor in highly virtualized environments. The adapters also offer new Quality of Service (QoS), Data Mobility and Data Encryption features that help ensure faster and more secure communications between virtual servers and storage.
Available in both 8-gbps (the Brocade 815/825) and 4-gbps models (the Brocade 415/425), the new adapters are designed to support servers in the following environments:
-- Microsoft Windows 2003 and 2008 including Standard, Enterprise and Datacenter versions;
-- Enterprise Linux servers including Novell SUSE and others;
-- Enterprise Unix servers including Sun Solaris and others;
-- VMWare environments.
The new HBAs are available through a network of Brocade distributors and resellers including Arrow, Avnet, Bell Micro, Info-X and Tech Data. These channel partners will benefit from newly implemented Brocade partner programs, education, sales tools, server and support offerings, and joint marketing campaigns designed to make is easier to sell and implement total Brocade end-to-end server-to-storage solutions that include the new Brocade HBAs.
"Through Tech Data's Advanced Infrastructure Solutions Division, our IT reseller customers are increasingly deploying data center solutions that utilize virtualization to enhance performance," said Pete Peterson, senior vice president and general manager, Advanced Infrastructure Solutions, Tech Data. "With that focus on performance and resource optimization, Brocade and our reseller partners are well positioned to address the market by utilizing the new 8-gbps HBA products."
"The new 8- and 4-gbps portfolio of branded switches and HBAs gives Brocade resellers greater reach," said Gary Gammon, vice president, Enterprise Marketing, Bell Micro. "Brocade's HBAs with expanded fabric services and management software coupled with their large installed base of Fibre Channel fabric creates greater opportunity for Bell Micro to deliver superior end-to-end solutions to our partners and customers."
Brocade's server-connectivity solutions are an integral component of Brocade's Data Center Fabric (DCF) architecture. The Brocade DCF is designed to enable customers to dramatically increase utilization of their server and storage assets while simplifying infrastructure provisioning and management. As data centers become increasingly virtualized, customers will require unified touch points throughout the data center infrastructure to deliver and manage advanced storage services. Brocade server connectivity products are thus a key element in building uniform infrastructures that have the advantage of end-to-end consistency in architecture to support the new data center services.
"Brocade enhances channel partners' business opportunities through our server connectivity product line and industry-leading programs," said Luc Moyen, vice president and general manager, Server Connectivity Division, Brocade. "Server connectivity products are crucial to successful, manageable server virtualization implementations and end-to-end data center networking solutions. Brocade continues to extend our portfolio, driving innovation to new levels of service and performance for our partners."
About Brocade
Brocade is the leading provider of data center networking solutions that help organizations connect, share, and manage their information in the most efficient manner. Organizations that use Brocade products and services are better able to optimize their IT infrastructures and ensure compliant data management. For more information, visit the Brocade Web site at http://www.brocade.com/ or contact the company at info@brocade.com.
Brocade is a registered trademark and the Brocade B-wing symbol, DCX, and DCF are trademarks of Brocade Communications Systems, Inc., in the United States and/or in other countries. Microsoft and SharePoint are registered trademarks of Microsoft Corporation in the U.S. and/or other countries. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify, products or services of their respective owners.
Brocade
CONTACT: Media Relations, Leslie Davis, +1-408-333-5260,
lmdavis@brocade.com, or Industry Analysts, Kathryn Craig, +1-832-230-2249,
kcraig@brocade.com, or Investor Relations, Alex Lenke, +1-408-333-6758,
alenke@brocade.com, all of Brocade; or Ian Yellin of Ogilvy Public Relations,
+1-415-677-2714, ian.yellin@ogilvypr.com, for Brocade
Web site: http://www.brocade.com/
Brocade's New DCX Helps Drive Data Center Evolution and Customer DemandLatest Market Share Results Show Strong Growth
NEW YORK, June 26 /PRNewswire-FirstCall/ -- (Brocade Technology Day) -- Brocade(R) , the leader in data center networking solutions that help enterprises connect and manage their information, today announced strong customer response and third-party analysis that demonstrate significant strides in market adoption of Brocade's Data Center Fabric architecture and the use of Brocade's DCX Backbone to meet the demands of their next-generation data center.
According to the latest market share data from Dell'Oro Group, in calendar Q1 '08 Brocade grew its overall storage area networking revenue market share by nearly three percent, while other competitors declined. In addition, according to Dell'Oro, Brocade's market share in the modular (director) segment climbed 5.5 percent over calendar quarter Q4 '07.
"Brocade's Data Center Fabric architecture is generating enthusiastic support from our customers as evidenced by our company's strongest marketshare position in the high-end of the storage networking market," said Ian Whiting, Vice President and General Manager of the Brocade Data Center Infrastructure Division. "Brocade continues to lead the data center networking market by delivering real-world, high-performance solutions that meet the challenges of consolidating and virtualizing their IT operations today, but with a clear, differentiated investment-protection strategy that will provide sensible and realistic upgrade paths to emerging data center technologies."
European communication service provider KPN is deploying six Brocade DCX Backbones in data centers in Rotterdam and Groningen, part of an expansion plan designed to accommodate the growing data management demands of more than 35.3 million KPN mobile, wireless and broadband Internet customers in the Netherlands, Germany and Belgium.
"With 8 Gbit/sec Fibre Channel bandwidth, the Brocade DCX Backbone is the fastest solution available and will seamlessly integrate with our existing infrastructure," said Germar Braam, Lead Architect at KPN. "It's the only platform on the market today that can provide a smooth transition to future technologies, such as Converged Enhanced Ethernet (CEE) and Fibre Channel over Ethernet (FCoE), without the need to rip and replace our core network infrastructure."
In late January Brocade launched the Brocade DCX Backbone, the first in a new class of high-performance data center networking products designed to enable the Brocade DCF architecture. DCF is an open framework that allows customers to evolve their data center infrastructures for maximum performance, flexibility, and investment protection. On May 13, the company augmented the DCX with the announcement of an entire range of new fabric switch products based on the same technology.
According to Brocade's most recent earnings call on May 15, 2008, in only three months of general availability from Brocade and its OEM partners, The Brocade DCX has outpaced the ramps of all of Brocade's previous high-end product offerings and contributed to another third consecutive quarter of record revenue quarter for Brocade directors.
About Brocade
Brocade is the leading provider of data center networking solutions that help organizations connect, share, and manage their information in the most efficient manner. Organizations that use Brocade products and services are better able to optimize their IT infrastructures and ensure compliant data management. For more information, visit the Brocade Web site at http://www.brocade.com/ or contact the company at info@brocade.com.
Brocade is a registered trademark and the Brocade B-wing symbol, DCX, and DCF are trademarks of Brocade Communications Systems, Inc., in the United States and/or in other countries. Microsoft and SharePoint are registered trademarks of Microsoft Corporation in the U.S. and/or other countries. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify, products or services of their respective owners.
Brocade
CONTACT: Media Relations, John Noh, +1-408-333-5108, jnoh@brocade.com,
or Industry Analysts, Kathryn Craig, +1-832-230-2249, kcraig@brocade.com, or
Investor Relations, Alex Lenke, +1-408-333-6758, alenke@brocade.com, all of
Brocade; or Ian Yellin of Ogilvy Public Relations, +1-415-677-2714,
ian.yellin@ogilvypr.com, for Brocade
Web site: http://www.brocade.com/
Brocade to Outline Its Vision and Leadership Role for the Next-Generation Data Center at Technology Day
NEW YORK, June 26 /PRNewswire-FirstCall/ -- Brocade(R) will affirm the strength and direction of its core technologies and chart its plans and strategies for helping customers migrate to next-generation data center technologies at an event it will hold today at the Waldorf-Astoria in New York in front of investors, financial and industry analysts, media and customers. The event will be webcast starting at 1:00 p.m. EDT at http://www.brcd.com/.
The event is the backdrop for Brocade to discuss and detail the company's current and future technology, product and service plans for its four primary businesses: Fibre Channel-based storage area network (SAN) connectivity, server connectivity, file-based data consolidation and management, and professional services and support.
Brocade will also present its vision and a pragmatic timeline of the evolution to the next-generation data center networks. Brocade will outline an application-centric vision of the data center infrastructure, with intelligent, purpose-built networks that rationally and non disruptively integrate new technologies such as Fibre Channel over Ethernet (FCoE) and Converged Enhanced Ethernet (CEE). This discussion will reiterate and extend the vision Brocade introduced with the Data Center Fabric (DCF) architecture and the DCX Backbone platform, and will highlight the advantages over alternative strategies.
"Brocade is an industry leader in developing technologies to drive tomorrow's data centers and we realize that any migration of global, information-based systems needs to be carefully plotted, tested and evaluated before being put into production," said Mike Klayko, CEO of Brocade. "We understand our customers' concerns in this area which is why our Data Center Fabric (DCF) architecture and DCX Backbone platform are designed to enable customers to migrate to newer technologies on their own timetables while continuing to enjoy the benefits of the most innovative, high-performance data center fabric technologies available today."
Recent research from TheInfoPro(R), an independent research network for the IT industry, supports Brocade's views that while customers are aware of these developing technologies, their plans are to carefully assess and evaluate the impact of the new standards and technologies prior to deploying them into production data center environments. TheInfoPro polled storage and networking users from 152 Fortune 1000 companies from various industries. On average, each of these organizations manages 1.5 terabyte of data. Of the respondents, 84 percent said they have no immediate plans to deploy FCoE and another 9 percent said it was in their long-term plans. Comparatively, 77 percent of these overall respondents said that they were already using or were evaluating Fibre Channel technology.
Ongoing Commitment to Fibre Channel Innovation
In alignment with these customer plans, Brocade will also use the Technology Day to outline its continued investment and on-going commitment to lead the market in delivering innovative Fibre Channel solutions. For example, Brocade will discuss its first-to-market success in the SAN switching industry with 8-gigabit per second (gbps) solutions, giving it considerable first-mover's advantage. The latest available research from the Dell'Oro Group, which tracks market information for the SAN switching industry, confirmed this by showing that Brocade gained nearly 5.5 points of market share in the high-end -- or the modular switch -- segment versus competitors in the most recent reported quarter. Rapid customer adoption of the new 8-gbps Brocade DCX Backbone and DCF architecture played a significant role in this success, Brocade reported in a related press release (http://www.brocade.com/news/2008/6_26_DCXmomentum.jsp).
Brocade will also discuss its commitment to future innovation such as driving and supporting 16-gbps Fibre Channel, the next phase in this technology's roadmap expected by 2011. As with previous Fibre Channel advancements, the higher performance through 16-gbps will help customers further address their data center growth and consolidation needs while continuing to drive down complexity and operating costs through increased efficiencies.
"Fibre Channel is here to stay. And from Brocade, you will see us delivering more -- not less -- in terms of capabilities, innovation and solutions," said Martin Skagen, Chief Technology Officer of Brocade's Data Center Infrastructure Division. "We believe this will help us maintain and grow our leadership position in data center server-to-storage networking for the next several years."
Outlining Innovation and Realistic Expectations for FCoE, CEE
Brocade will also present its views on the likely evolutionary paths and customer adoption trends for emerging data center technologies, namely FCoE and CEE. Brocade believes that these technologies are likely to develop and be adopted by customers incrementally, to extend their existing networks, with greatest impact initially at the server-edge. The company will point out that through this progression FCoE is likely to increase demand for Fibre Channel technologies by enabling customers to attach more servers to networked storage.
Brocade will further outline that it expects that the FCoE and CEE standards will begin to be ratified in 2009 with early adoption of standards-compliant products to follow shortly afterwards. Brocade expects that mainstream, large-scale deployments of FCoE and CEE are not likely to occur until at least 2010. In preparation for this evolutionary path, Brocade is currently developing, and will soon begin testing solutions based on these new technologies.
Future FCoE- and CEE- based solutions that the company will discuss at Technology Day include:
-- FCoE and CEE module options for the DCX Backbone platform, which further expands the role and performance of data center networks;
-- A 10-gbps FCoE switch enabling efficient server I/O consolidation as a "top of rack" model or as an edge switch to an existing storage network;
-- Next-generation 10-gbps FCoE server adapters for full-performance server I/O consolidation and ease-of-management. These next-gen adapters will extend Brocade's existing portfolio of 4- and 8-gbps Fibre Channel host bus adapters (HBAs). Brocade today announced the general availability of these new HBAs through global channel partners. See related press release (http://www.brocade.com/news/2008/6_26_HBA_GA.jsp ).
Other technology developments to be discussed include:
-- Brocade's plans to extend its file management solutions portfolio to support content management systems such as Microsoft(R) SharePoint(R) and to deliver unified file management capabilities for both file server and web-portal based environments;
-- Broadening of Brocade's professional services capabilities to meet the evolving requirements of a virtualized data center that will help customers and partners accelerate and manage their new technology deployments.
"Our message to this audience will be simple: Brocade continues to execute well on all technology and product fronts in our evolution to become a larger, more strategic enabler of data center solutions," said Tom Buiocchi, Brocade's Vice President of Worldwide Marketing. "Key to our ongoing leadership and growing momentum is that we continue to focus and innovate in our core technologies but with an eye and a sensible plan toward the migration to the next-generation data center."
About Brocade
Brocade is the leading provider of data center networking solutions that help organizations connect, share, and manage their information in the most efficient manner. Organizations that use Brocade products and services are better able to optimize their IT infrastructures and ensure compliant data management. For more information, visit the Brocade Web site at http://www.brocade.com/ or contact the company at info@brocade.com.
Brocade is a registered trademark and the Brocade B-wing symbol, DCX, and DCF are trademarks of Brocade Communications Systems, Inc., in the United States and/or in other countries. Microsoft and SharePoint are registered trademarks of Microsoft Corporation in the U.S. and/or other countries. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify, products or services of their respective owners.
This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) risks associated with acquisitions and investments, including the challenges and costs of integration, restructuring and achieving anticipated synergies; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (vi) component and product quality and availability; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) insufficient, excess or obsolete inventory; (ix) war or acts of terrorism; (x) the ability to attract and retain highly qualified employees; (xi) fluctuating currency exchange rates; and (xii) other one-time events and other important factors.
Brocade
CONTACT: media, John Noh, +1-408-333-5108, jnoh@brocade.com, or
investors, Alex Lenke, +1-408-333-6758, alenke@brocade.com, both of Brocade;
or Ian Yellin, +1-415-677-2714, ian.yellin@ogilvypr.com, for Brocade; or
industry analysts, Kathryn Craig of Brocade, +1-832-230-2249,
kcraig@brocade.com
Web site: http://www.brocade.com/
Verizon Wireless Activates New Cell Site in Delaware County, Ohio
POWELL, Ohio, June 26 /PRNewswire/ -- Verizon Wireless, the wireless company with the highest customer loyalty, has activated a new cell site in Delaware County that improves its network coverage along Liberty Rd from Rutherford Rd to the south to Hyatts Rd to the north, and along Home Rd from SR-315 to the east to Steitz Rd to the west.
With the improved network coverage, more customers can use their wireless phones to make calls; send and receive email and text, picture and video messages; download music, games and ringtones; and view high-quality videos while enjoying clearer reception and fewer dropped calls.
"Network reliability is the No. 1 reason that customers choose and stay with Verizon Wireless," said Roger Tang, president-Ohio/Pennsylvania/West Virginia Region, Verizon Wireless. "Getting through on the first try and maintaining a connection are important to our customers. We continue to optimize our network so that it remains the most reliable in the nation."
This new cell site is part of Verizon Wireless' continual effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Ohio and throughout the country. Verizon Wireless has invested more than $45 billion since it was formed-$5.5 billion on average every year-to increase the coverage and capacity of its national network and to add new services. Last year, the company invested nearly $190 million in its Ohio network improvements.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/ . To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia .
Verizon Wireless
CONTACT: Laura Merritt of Verizon Wireless, +1-614-560-2605,
laura.merritt@verizonwireless.com; or George Heddleston, for Verizon Wireless,
+1-866-667-9110, gheddleston@woh.rr.com
Web Site: http://www.verizonwireless.com/
http://www.verizonwireless.com/multimedia
RFMD(R) Releases High-Performance Out-of-Band Tuner for Cable Set-Top Box and Digital Cable Ready TV Applications
GREENSBORO, N.C., June 26 /PRNewswire-FirstCall/ -- RF Micro Devices, Inc. , a global leader in the design and manufacture of high-performance semiconductor components, today announced the release of the S510075-33Z out-of-band tuner for use in cable set-top box and digital cable ready television applications. The S510075-33Z is designed to provide original equipment manufacturers (OEMs) with an optimum blend of performance and energy efficiency while also meeting the increasing performance requirements of cable devices.
The highly integrated S510075-33Z consists of an input automatic gain control (AGC) amplifier, a mixer and an AGC video amplifier, delivering a 60 percent size reduction and 25 percent reduction in power consumption compared to the previous generation S510065-55Z. The S510075-33Z leverages RFMD's unique innovations in silicon CMOS design techniques to deliver these improvements while maintaining the critical, low distortion performance necessary for end market applications.
"As the leading provider of out-of-band tuners, RFMD(R) is committed to bringing our customers innovative new products," said Alastair Upton, general manager of RFMD's Broadband and Consumer Business Unit. "Improvements in size reduction and efficiency, like those found in the S510075-33Z, are becoming critical requirements for set-top box manufacturers as they increase the functionality and resulting component content of new devices. In 2008 RFMD will expand our broad portfolio of CATV products to include new generations of active splitters, programmable return path amplifiers and line amplifiers."
Features of the S510075-33Z include:
-- 3.3 V single supply operation
-- Low power consumption: 300 mW
-- Low distortion: -50dBc @ 1 VPP
-- 70 dB total conversion gain
-- 55 dB total gain control range
-- Low LO to RF leakage
The S510075-33Z is housed in a compact 3 x 3 mm, 16 lead, RoHS compliant QFN package, and samples are available immediately. Based on design win activity RFMD anticipates volume shipments of the S510075-33Z will commence in the current calendar year. For more information about the S510075-33Z please see http://www.rfmd.com/broadbandcatv.
About RFMD: RF Micro Devices, Inc. (Nasdaq GS: RFMD) is a global leader in the design and manufacture of high-performance semiconductor components. RFMD's products enable worldwide mobility, provide enhanced connectivity and support advanced functionality in the cellular handset, wireless infrastructure, wireless local area network (WLAN), CATV/broadband and aerospace and defense markets. RFMD is recognized for its diverse portfolio of semiconductor technologies and RF systems expertise and is a preferred supplier to the world's leading mobile device, customer premises and communications equipment providers.
Headquartered in Greensboro, N.C., RFMD is an ISO 9001- and ISO 14001- certified manufacturer with worldwide engineering, design, sales and service facilities. RFMD is traded on the NASDAQ Global Select Market under the symbol RFMD. For more information, please visit RFMD's web site at http://www.rfmd.com/.
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under the federal securities laws. RF Micro Devices' business is subject to numerous risks and uncertainties, including variability in quarterly operating results, the rate of growth and development of wireless markets, risks associated with our planned exit from our wireless systems business, including cellular transceivers and GPS solutions, the risk that restructuring charges may be greater than originally anticipated and that the cost savings and other benefits from the restructuring may not be achieved, risks associated with the operation of our wafer fabrication facilities, molecular beam epitaxy facility, assembly facility and test and tape and reel facilities, our ability to complete acquisitions and integrate acquired companies, including the risk that we may not realize expected synergies from our business combinations, our ability to attract and retain skilled personnel and develop leaders, variability in production yields, our ability to reduce costs and improve gross margins by implementing innovative technologies, our ability to bring new products to market, our ability to adjust production capacity in a timely fashion in response to changes in demand for our products, dependence on a limited number of customers, and dependence on third parties. These and other risks and uncertainties, which are described in more detail in RF Micro Devices' most recent Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.
RF MICRO DEVICES(R) and RFMD(R) are trademarks of RFMD, LLC. All other trade names, trademarks and registered trademarks are the property of their respective owners.
RF Micro Devices, Inc.
CONTACT: Doug DeLieto, VP, Investor Relations, +1-336-678-7968, or Jerry
Neal, Executive Vice President, +1-336-678-7001, both of RFMD
Web site: http://www.rfmd.com/
http://www.rfmd.com/broadbandcatv
Satyam Forms Partnership with Sciformix to Provide Comprehensive Drug Safety ManagementAlliance empowers life sciences clients to take a more proactive approach to collection and assessment of drug safety information
HYDERABAD, India and WESTBOROUGH, Mass., June 26 /PRNewswire-FirstCall/ -- Satyam Computer Services Ltd. , a leading global consulting and information technology services provider, announced today that it has formed an alliance with Sciformix Corporation, a Westborough, Mass.-based, Life Science Knowledge Process Outsourcing (KPO) company, to deliver end-to-end data management services in "Pharmacovigilance."
The partnership addresses the worldwide increase in focus on drug safety, which is leading to increased volumes of adverse events being reported to the regulatory authorities. Satyam and Sciformix will collaborate to enable pharmaceutical and biotechnology companies to better monitor the safety of the products they market by offering services across the safety management spectrum, ranging from case intake to international regulatory reporting. The alliance also enables the organizations to offer these services in a way that is both cost-efficient and scalable, via a proven global delivery model.
Additionally, the alliance leverages Sciformix's in-depth understanding of the pharmaceutical and life sciences domain with Satyam's proven drug safety Business Process Outsourcing (BPO) capabilities. It will provide services to a wide range of clients in the pharmaceutical, biotechnology and life sciences industries.
"We are very pleased by this partnership. Sciformix has deep expertise delivering end-to-end safety management services, from adverse event intake to regulatory submissions," said Kishore Rachapudi, Satyam's global head of life sciences. "We will leverage our extensive experience managing large-scale IT and BPO solutions and work with Sciformix to offer a scalable platform for delivery of drug safety services. At the same time, we reaffirm our commitment to providing the widest range of services through the most advanced global delivery models available."
Several high-profile withdrawals of popular drugs from the marketplace have also made this partnership more important. The withdrawals have pharmaceutical companies looking for ways to manage risk and taking a more proactive approach toward collection and assessment of drug safety information.
"These are some of the most important reasons we have formed this partnership," said Dinesh Thakur, president and Chief Executive Officer of Sciformix, "Satyam brings years of experience delivering outsourced services to global customers. Its large-scale global delivery services capacity and experience in the life sciences industry, along with Sciformix's deep domain expertise, offer global pharmaceutical, biotechnology and life sciences companies a unique alliance for delivery of high-quality services."
About Satyam
Satyam , a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and 63* countries.
Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company's 51,127* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.
Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 654* clients, including more than one third of the Fortune 500. For more information, see http://www.satyam.com/.
*As of March 31, 2008
About Sciformix Corporation
Founded in the U.S. with headquarters in Westborough, MA, and a Pharmacovigilance Center of Excellence in Mumbai, India, Sciformix is a fast growing knowledge process outsourcing (KPO) company providing drug safety data management, clinical data management, biostatistics & programming and medical writing services to pharmaceutical, biotechnology and life science companies globally. Sciformix has an experienced leadership team driving its rapid growth and expansion. For more information on Sciformix, please visit http://www.sciformix.com/.
Contacts:
Satyam Computers Limited Sciformix Corporation
Rajiv Prasad, AVP Life Sciences Jeffrey S. Yablon, Vice President,
Rajiv_Prasad@satyambpo.com Sales & Marketing
jeffrey.yablon@sciformix.com
Satyam Contacts
For clarifications, write to us at MediaRelations@Satyam.com
Or contact our global PR representatives at:
India Meigha Humbre, meigha_humbre@satyam.com
+91-970-360-8822
Rachna Pandey, Rachna_pandey@satyam.com
+91-970-303-8743
US Jim Swords, james_swords@satyam.com
+1-703-877-2225
Europe Sandeep Thawani, sandeep_thawani@satyam.com
+44-20-7309-1037
Asia-Pacific Dan Bleakman, Dan@howorth.com.au
+61-439-408-484
Reshma Wad Jain, Reshma@wer1.net
+65-98-140-507
Safe Harbor
This press release contains forward-looking statements within the meaning of section 27A of Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward- looking statements. Satyam undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with our business, please see the discussions under the heading "Risk Factors" in our report on Form 6-K concerning the quarter ended December 31, 2007, furnished to the United States Securities Exchange Commission on January 28, 2008 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov/.
This announcement is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from Satyam and that will contain detailed information about Satyam and its management, as well as financial statements.
Satyam Computer Services Ltd.
CONTACT: Rajiv Prasad, AVP Life Sciences of Satyam Computers Limited,
Rajiv_Prasad@satyambpo.com, or Jeffrey S. Yablon, Vice President, Sales &
Marketing of Sciformix Corporation, jeffrey.yablon@sciformix.com; Satyam
Contacts: India, Meigha Humbre, meigha_humbre@satyam.com, +91-970-360-8822 or
Rachna Pandey, Rachna_pandey@satyam.com, +91-970-303-8743; US, Jim Swords,
james_swords@satyam.com, +1-703-877-2225; Europe, Sandeep Thawani,
sandeep_thawani@satyam.com, +44-20-7309-1037; Asia-Pacific, Dan Bleakman,
Dan@howorth.com.au, +61-439-408-484 or Reshma Wad Jain, Reshma@wer1.net,
+65-98-140-507
Web site: http://www.satyam.com/
http://www.sciformix.com/
MicroStrategy Symposium in New York City to Showcase Business Intelligence Best PracticesEvent to Feature Customer Speakers from AutoTrader.com, Con-way Freight, Corporate Express, GUESS?, Inc., Guy Carpenter, H&R Block Financial Advisors, and VHA
MCLEAN, Va., June 26 /PRNewswire-FirstCall/ -- MicroStrategy(R) Incorporated , a leading worldwide provider of business intelligence (BI) software, today announced that it will host its Business Intelligence Symposium, July 22-23, 2008, at the New York Marriott Marquis Hotel in New York City. The Symposium will offer a broad range of educational sessions and customer presentations featuring best practices in business intelligence.
Attendees will have the opportunity to interact with BI experts and hear how successful organizations use BI software to improve decision making and enhance business performance. The Symposium will feature presentations from MicroStrategy customers sharing their BI strategies and lessons learned in deploying business intelligence applications in their organizations. Some of the companies scheduled to present include AutoTrader.com, Con-way Freight, Corporate Express, GUESS?, Inc., Guy Carpenter, H&R Block Financial Advisors, and VHA.
MicroStrategy product managers and engineers will demonstrate advanced BI development techniques and the latest advances in the MicroStrategy platform, including MicroStrategy Dynamic Enterprise Dashboards(TM), MicroStrategy Mobile(TM), and MicroStrategy Integrity Manager(TM). Participants can also schedule a one-hour consultation, at no charge, with a member of the MicroStrategy Technical Advisory Services Team to discuss their most challenging BI issues.
In conjunction with the New York Symposium, MicroStrategy will host two Industry Forums. These half-day sessions will bring together industry representatives to participate in roundtable discussions on timely topics and share strategies for using business intelligence to solve industry challenges. The Financial Services Industry Forum will be held on Tuesday, July 22, and the Retail Industry Forum will be held on Wednesday, July 23.
"These MicroStrategy events have been highly successful in providing participants with a collaborative venue where they can share best practices, learn practical new ideas, and network with other BI professionals," said Sanju Bansal, MicroStrategy COO. "We look forward to bringing the Business Intelligence Symposium back to New York City."
To learn more about the MicroStrategy Business Intelligence Symposium in New York City, visit http://www.microstrategy.com/BISymposiumNYC2008.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy is available at http://www.microstrategy.com/.
MicroStrategy, MicroStrategy Dynamic Enterprise Dashboards, MicroStrategy Mobile, and MicroStrategy Integrity Manager are trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Contact:
Wende Cover
MicroStrategy Incorporated
703-770-1646
wcover@microstrategy.com
MicroStrategy
CONTACT: Wende Cover of MicroStrategy, +1-703-770-1646,
wcover@microstrategy.com
Web site: http://www.microstrategy.com/
Linksys By Cisco Announces Setup Support for Mac OS XLinksys EasyLink Advisor Mac Setup Wizard for Select Wireless Products Now Available for Download at Linksys.com/Mac
IRVINE, Calif., June 26 /PRNewswire/ -- Linksys(R), a Division of Cisco, and the recognized leading global manufacturer of voice, wireless, and networking hardware for home, Small Office/Home Office (SOHO) and the small business user, today announced that it is now supporting router setup for Mac OS X v10.4 and higher users with its Linksys EasyLink Advisor (LELA) Setup Wizard. LELA helps take away the hassle and complexity of setting up a router by using simple easy-to-understand terminology and illustrations to guide consumers through the process.
Setup Wizard
LELA Mac Setup Wizards for select Linksys Wireless Routers, including the WRT310N, WRT160N, WRT110, and WRT54G2 are available now for download from http://www.linksys.com/mac. Going forward, new Linksys products will ship with a LELA setup disc that includes both PC and Mac Setup Wizards.
Customer Support
Linksys has also expanded its award-winning Customer Advocacy support capabilities to service its current and future community of customers who are using Macs with Linksys by Cisco routers. Over time, Linksys will continue to expand this support infrastructure to better address the needs of families, businesses, and creative professionals worldwide.
"Linksys is launching LELA setup and technical support for Mac OS X because we recognize the need to better support the ever-growing number of Macs users," said Greg Memo, vice president and general manager, Linksys Consumer Business Organization. "We want all consumers to have access to the best networking experience we can provide for them."
About Linksys
Founded in 1988, Linksys, a Division of Cisco, is the recognized global leader in voice, Wireless and Ethernet networking for consumer, SOHO and small business users. Linksys is dedicated to making networking easy and affordable for its customers, offering innovative, award-winning products that seamlessly integrate with a variety of devices and applications. Linksys provides award-winning product support to its customers. For more information, visit http://www.linksys.com/
Linksys is a registered trademark or trademark of Cisco Systems, Inc. and/or its affiliates in the U.S. and certain other countries. Other brands and products are trademarks or registered trademarks of their respective holders. Copyright (C) 2008 Cisco Systems, Inc. All rights reserved.
Linksys
CONTACT: Media, Trevor Bratton, +1-949-823-1212,
trevor.bratton@cisco.com, or Analysts, Lisa Soto, +1-949-823-4778,
lisoto@cisco.com, both of Linksys; or Investor Relations, Marisa Ross of
Cisco, +1-408-527-9830, mariross@cisco.com
Web site: http://www.linksys.com/
http://www.linksys.com/mac
Microsoft Reaches for Clouds and Deepens Mobile Possibilities With Planned MobiComp Acquisition
REDMOND, Washington, June 26 /PRNewswire/ --
- Company's expertise in mobile personal data protection and management
to come to Microsoft.
Microsoft Corp today announced it intends to acquire MobiComp, a company
that helped pioneer technologies allowing the backup and restoration of
mobile data and mobile posting of social content to websites such as
Facebook. The acquisition would combine MobiComp's expertise building
innovative mobile data protection and sharing services with Microsoft's
vision to provide compelling experiences that span work and play across
mobile phones, the web and PCs. Terms of the planned acquisition are not
being disclosed.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
"People expect their phones to deliver the best experiences from PCs and
the web right to their pockets," said Todd Peters, corporate vice president
in the Mobile Communications Business at Microsoft. "Investing in the right
solutions from companies like MobiComp will extend the capabilities of
Windows Mobile and Windows Live to help us provide the most innovative and
seamless way to stay connected."
The Portugal-based company is known for a variety of breakthrough mobile
services including MobileKeeper Backup & Restore, MobileKeeper Sharing &
Communities, and Active mTicker. These services help mobile operators and
people round the world back up personal content stored on a phone, publish
updates to online communities, and get entertainment and news content
delivered to phones.
"Like Microsoft, we've always believed in an open and innovative mobile
platform and deep industry partnerships," said Carlos Oliveira, co-founder
and CEO of MobiComp. "We're thrilled that our work over the past eight years
can now be extended by partnering with Microsoft's world-class portfolio of
mobile services."
MobiComp will contribute to a rapidly expanding list of offerings from
Microsoft's Mobile Communications Business while continuing to serve its
existing partners and customers, which include 11 mobile operators worldwide.
Fifty handset makers build on the Windows Mobile platform, and 160 mobile
operators in 55 countries carry Windows Mobile phones. The services of
Windows Live, including one of the largest free instant messaging services
and weblogging services, run on every major mobile operating system
worldwide.
"We're extremely pleased with this announcement, which reflects our
country's leadership in innovative technology," said Nuno Duarte, general
manager of Microsoft Portugal. "It highlights the success of our prime
minister's economic policies and serves as proof of Microsoft's commitment to
the partnership signed between Portugal's government and Bill Gates two years
ago. Following several top companywide awards for Microsoft Portugal, this is
further evidence of our visibility in Microsoft's worldwide efforts."
About MobiComp
MobiComp is a Braga, Portugal-based software services company, founded in
2000, that provides mobile operators and consumers innovative security and
access to information while mobile.
About Microsoft
Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in
software, services and solutions that help people and businesses realise
their full potential.
About Microsoft EMEA (Europe, Middle East and Africa)
Microsoft has operated in EMEA since 1982. In the region Microsoft
employs more than 16,000 people in over 64 subsidiaries, delivering products
and services in more than 139 countries and territories.
This material is for informational purposes only. Microsoft Corp
disclaims all warranties and conditions with regard to use of the material
for other purposes. Microsoft Corp shall not, at any time, be liable for any
special, direct, indirect or consequential damages, whether in an action of
contract, negligence or other action arising out of or in connection with the
use or performance of the material. Nothing herein should be construed as
constituting any kind of warranty.
Web site: http://www.microsoft.com
Microsoft Corp
Weber Shandwick, +44-(0)20-7067-0000 (London), +1-425-452-5400 (Seattle), wwmcb@webershandwick.com, for Microsoft Corp; NOTE TO EDITORS: If you are interested in viewing additional information on Microsoft in EMEA, please visit http://www.microsoft.com/emea or the EMEA Press Centre at http://www.microsoft.com/emea/presscentre. Web links, telephone numbers and titles were correct at the time of publication, but may since have changed. For additional assistance, journalists and analysts may contact the appropriate contacts listed at http://www.microsoft.com/emea/presscentre/contactus.mspx. If you are interested in viewing additional information on Microsoft Corp, please visit the Microsoft web page at http://www.microsoft.com/presspass on Microsoft's corporate information pages.; Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com
Microsoft essaie de décrocher la lune et d'augmenter ses capacités mobiles avec l'acquisition prévue de MobiComp
REDMOND, Washington, June 26 /PRNewswire/ --
- L'expertise en gestion et protection de données personnelles mobiles de
la société rejoindra Microsoft.
Microsoft Corp a annoncé aujourd'hui son intention d'acquérir MobiComp,
une société qui a aidé les technologies pionnières permettant la sauvegarde
informatique et la restauration de données mobiles ainsi que la publication
mobile de contenu social sur des sites comme Facebook. L'acquisition
marierait l'expertise de MobiComp en création de services de protection et
d'échange de données mobiles avec la vision de Microsoft qui consiste à
offrir des expériences convaincantes qui touchent travail et divertissement
sur les téléphones mobiles, le Web et les PC. Les modalités de l'acquisition
prévue n'ont pas été divulguées.
(Logo : http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO )
<< Les gens s'attendent à ce que leurs téléphones offrent les meilleures
expériences PC et Internet directement dans leurs mains >>, explique M. Todd
Peters, vice-président exécutif de la division Mobile Communications Business
de Microsoft. << Investir dans les bonnes solutions de sociétés telles que
MobiComp augmentera les capacités de Windows Mobile et de Windows Live et
nous aidera à offrir des méthodes de connexions des plus innovantes sans
interruptions. >>
La société, basée au Portugal, est connue pour diverses innovations dans
le domaine des services mobiles, notamment MobileKeeper Backup & Restore,
MobileKeeper Sharing & Communities et Active mTicker. Ces services aident les
opérateurs mobiles et les gens du monde entier à archiver le contenu
personnel stocké sur leur téléphone, à publier des mises à jour aux
communautés en ligne et à avoir accès à des contenus de divertissement et de
nouvelles directement sur le téléphone.
<< Comme Microsoft, nous avons toujours cru à une plateforme mobile
ouverte et innovante et à des partenariats importants dans le secteur >>,
explique M. Carlos Oliveira, co-fondateur et PDG de MobiComp. << Nous sommes
ravis que les efforts de ces huit dernières années peuvent désormais porter
fruits grâce au partenariat avec le portefeuille de services mobiles de
classe mondiale de Microsoft. >>
MobiComp contribuera à la liste en plein développement d'offres de la
division Mobile Communications Business de Microsoft tout en continuant à
servir ses partenaires et ses clients, y compris 11 opérateurs mobiles dans
le monde. Cinquante fabricants de combinés prennent appui sur la plateforme
Windows Mobile et 160 opérateurs mobiles dans 55 pays prennent en charge les
téléphones Windows Mobile. Les services Windows Live, notamment l'un des plus
grands services de messagerie instantanée gratuits et de services de blog
Internet, peuvent être utilisés à partir de tous les systèmes d'exploitation
mobiles majeurs du monde entier.
<< Nous sommes très heureux de cette annonce, qui reflète le leadership
de notre pays dans le domaine des technologies innovantes >>, déclare M. Nuno
Duarte, directeur général de Microsoft Portugal. << Cela souligne le succès
des politiques économiques de notre premier ministre et constitue la preuve
de l'engagement de Microsoft envers ce partenariat, signé par le gouvernement
du Portugal et M. Bill Gates il y a deux ans. Les multiples prix à l'échelle
de la société décernés à Microsoft Portugal sont une preuve supplémentaire de
notre visibilité au niveau des efforts mondiaux de Microsoft. >>
À propos de MobiComp
MobiComp est une société de services logiciels basée à Braga, au
Portugal, et fondée en 2000. Elle offre aux opérateurs mobiles et aux
consommateurs des innovations dans le domaine de la sécurité et l'accès aux
informations mobiles.
À propos de Microsoft
Fondée en 1975, Microsoft (Nasdaq : MSFT) est le leader mondial des
logiciels, des services et des solutions qui aident les particuliers ainsi
que les entreprises à réaliser leur plein potentiel.
À propos de Microsoft EMEA (Europe, Moyen-Orient et Afrique)
Microsoft est présente dans la région EMEA depuis 1982. Microsoft emploie
plus de 16 000 personnes dans la région au sein de 64 filiales, fournissant
des produits et des services dans 139 pays et territoires.
Le présent document ne sert qu'à des fins d'information. Microsoft Corp
rejette toutes les garanties et les conditions concernant l'utilisation du
présent document à d'autres fins. Microsoft Corp ne pourra, à aucun moment,
être tenue responsable des dommages directs, indirects, particuliers ou
consécutifs, ayant été occasionnés au cours d'une action contractuelle, d'une
négligence, ou de toute autre action découlant de l'utilisation du présent
document, ou qui y est liée. Aucun des propos contenus dans le présent
document ne peut être interprété comme une forme quelconque de garantie.
Site Web : http://www.microsoft.com
Microsoft Corp
Weber Shandwick, +44-(0)20-7067-0000 (Londres), +1-425-452-5400 (Seattle), wwmcb@webershandwick.com, pour Microsoft Corp. REMARQUE AUX RÉDACTEURS : Pour obtenir de plus amples renseignements sur Microsoft EMEA, veuillez consulter le http://www.microsoft.com/emea ou le centre de presse EMEA sur http://www.microsoft.com/emea/presscentre. Les liens hypertextes, les numéros de téléphone et les titres étaient corrects au moment de la publication, mais peuvent avoir changé depuis. Pour une assistance supplémentaire, les journalistes et analystes peuvent contacter les personnes appropriées dont les coordonnées figurent à l'adresse http://www.microsoft.com/emea/presscentre/contactus.mspx. Si vous souhaitez consulter plus d'informations sur Microsoft Corp, veuillez visiter la page Web de Microsoft à l'adresse http://www.microsoft.com/presspass sur les pages d'informations d'entreprise de Microsoft. Photo : NewsCom : http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO,
AP Archive : http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com
Coby Electronics Launches New PMP Product Line Featuring Actions Semiconductor's Series ATJ2135 Chipset
ZHUHAI, China, June 26 /Xinhua-PRNewswire-FirstCall/ -- Actions Semiconductor Co., Ltd. today announced that Coby Electronics Corporation introduced a new line of PMPs, the MP705 and MP715 lines, featuring Actions' leading chipset technology, the Series 13+ ATJ2135 solution. The products are shipping into the U.S. market under the Coby brand.
"We are excited to be the first to deliver products integrating Actions' industry leading Series ATJ2135 chipset to the United States," stated Robert F. Gee, Vice President of Marketing at Coby. "In the fast-paced consumer electronics business time-to-market and innovation is critical for solution providers, and more important, to our end-user customers."
"Our successful partnership with Coby and G.M.I. is a major milestone for Actions and is consistent with our strategy to expand the adoption of our leading PMP technology globally," commented Vincent Lin, Actions' Vice President of Marketing. "Coby's decision to utilize our Series ATJ2135 chipset for its new U.S.-based products underscores their confidence in the integrity of our solutions. We are grateful to G.M.I. as our valued solution provider and distribution partner for their contributions to our success with Coby."
About Actions Semiconductor Co., Ltd.
Actions Semiconductor is one of China's leading fabless semiconductor companies that provides mixed-signal and multimedia SoC solutions for portable consumer electronics. Actions Semiconductor products include SoCs, firmware, software, solution development kits, as well as detailed specifications of other required components and the providers of those components. Actions Semiconductor also provides total product and technology solutions that allow customers to quickly introduce new portable consumer electronics to the mass market in a cost effective way. The company is headquartered in Zhuhai, China, with offices in Beijing, Shanghai, and Shenzhen. For more information, please visit the Actions Semiconductor website at http://www.actions-semi.com/ .
About Coby Electronics
Coby Electronics Corporation is a manufacturer of quality consumer electronics products. Since its inception in 1990, Coby has risen through the ranks of the consumer electronics industry. Coby is focused on offering innovative, feature-rich products and solutions that are consistent market share leaders. Within the past decade, Coby's team of inventors, engineers, and designers have earned a number of U.S. patents and design awards. Additional information can be found at http://www.cobyusa.com/ .
About G.M.I. Technology Inc.
Digital G.M.I. Technology Inc. (Public; TPE: 3312) is committed to being a Total Solution Provider for both the Consumer Electronics and IT markets. Following the firm's establishment in 1995, G.M.I. merged with China's Vector Electronic Co. (est. 1987) to create a firm with two decades of industry expertise in the Greater China region. By starting with market-side research, G.M.I. leverages its well-established customer base and internal experts to identify market trends and opportunities in high-growth markets. G.M.I.'s in- house engineering team is dedicated to working with partners to develop projects from definition to mass production. Additional information can be found at http://www.gmitec.com/ .
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
Statements contained in this release that are not historical facts are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including financial projections and forecasts, involve risks and uncertainties that could cause Actions Semiconductor's actual results to differ materially from our current expectations. Factors that could cause Actions Semiconductor's results to differ materially from those set forth in these forward-looking statements include customers' cancellation or modification of their orders; our failure to accurately forecast demand for our products; the loss of, or a significant reduction in orders from, any of our significant customers; fluctuations in our operating results; our inability to develop and sell new products; defects in or failures of our products; the expense and uncertainty involved in our customer design-win efforts; the financial viability of the distributors of our products; consumer demand; worldwide economic and political conditions; fluctuations in our costs to manufacture our products; our reliance on third parties to manufacture, test, assemble and ship our products; our ability to retain and attract key personnel; our ability to compete with our competitors; and our ability to protect our intellectual property rights and not infringe the intellectual property rights of others. Other factors that may cause our actual results to differ from those set forth in the forward-looking statements contained in this press release and that may affect our prospects in general are described in our filings with the Securities and Exchange Commission, including our most recently filed Forms F-1, 20-F and 6-Ks. Actions Semiconductor undertakes no obligation to update or revise forward- looking statements to reflect subsequent events or changed assumptions or circumstances.
For more information, please contact:
Lisa Laukkanen
The Blueshirt Group for Actions Semiconductor
Tel: +1-415-217-4967
Email: lisa@blueshirtgroup.com
Ernie Huang
Investor Relations at Actions
Tel: +86-756-3392353 x1095
Email: ernie@actions-semi.com
Actions Semiconductor Co., Ltd.
CONTACT: Lisa Laukkanen of The Blueshirt Group for Actions
Semiconductor, +1-415-217-4967, or lisa@blueshirtgroup.com; or Ernie Huang,
Investor Relations at Actions, +86-756-3392353 x1095, or
ernie@actions-semi.com
Web site: http://www.actions-semi.com/
http://www.cobyusa.com/
http://www.gmitec.com/
North Carolina Police Department Continues Fleet Deployment Of ICOP Model 20/20-WMost Recent Purchase Order Totals $85,000
LENEXA, Kan., June 26 /PRNewswire-FirstCall/ -- ICOP Digital, Inc. , an industry-leading company engaged in advancing digital surveillance solutions, today announced that a police department in North Carolina has issued ICOP a purchase order for 18 ICOP Model 20/20(R)-W units, representing a sale of approximately $85,000. This agency began deployment of ICOP's digital in-car video systems in spring 2007 and has since purchased a total of 34 units totaling over $170,000; the agency's full fleet is comprised of more than 200 patrol cars.
About ICOP Digital, Inc.
ICOP Digital, Inc. operates on the core principle that 'without local security, there is no national security.' It endeavors to protect people, assets and profits for communities with innovative, mission-critical security, surveillance and communication solutions. The Company engineers, manufactures and markets mobile and stationary surveillance products for use in the public and private sectors, and facilitates the delivery of live video to first responders. (GSA Contractor)
The ICOP Model 20/20(R)-W, ICOP's flagship, award-winning product, is the leading digital in-car video recorder system for law enforcement. ICOP LIVE(TM) delivers live streaming video to and from first responder vehicles and headquarters, empowering first responders with enhanced real-time situational awareness and actionable intelligence, optimizing the outcome of a crisis. ICOP LIVE delivers live video wirelessly to first responders over any wireless network and to multiple internet enabled Windows(R) devices simultaneously. The ICOP Model 4000(TM), ICOP's newest advanced surveillance solution, is the next generation transit/rail DVR system. The ICOP Model 4000 uses less power than traditional DVR's, which means less heat and translates into a more reliable unit with less downtime. In addition, the ICOP Model 4000 boasts many advanced and innovative features and capabilities, such as wireless file uploading and wireless video streaming, among many others.
For more information, please view the following video presentations at http://www.icopdigital.com/why_icop.html and http://www.icop.com/veil.html, or visit http://www.icop.com/.
Safe Harbor Statement
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the Company and its operations, are included in certain forms the Company has filed with the Securities and Exchange Commission.
For more information, contact:
Laura E. Owen, President and COO
16801 West 116th Street
Lenexa, KS 66219 USA
Phone: (913) 338-5550
Fax: (913) 312-0264
Lowen@ICOP.com
http://www.icop.com/
For Investor/Media Relations:
Elite Financial Communications Group/Elite Media Group
Dodi Handy, President and CEO
Phone: (407) 585-1080
ICOP@efcg.net
ICOP Digital, Inc.
CONTACT: Laura E. Owen, President and COO, +1-913-338-5550, or
+1-913-312-0264 - Fax, Lowen@ICOP.com; Elite Financial Communications
Group/Elite Media Group, Dodi Handy, President and CEO, +1-407-585-1080,
ICOP@efcg.net
Web site: http://www.icop.com/
http://www.icopdigital.com/why_icop.html
http://www.icop.com/veil.html
Teneros Hires Top Talent for Growth and Adds Software as a Service (SaaS) Product OfferingAnnounces New Leadership Team to Drive SaaS Product Offering
MOUNTAIN VIEW, Calif., June 26 /PRNewswire/ -- Teneros (http://www.teneros.com/) today announced that it has undergone a full restructuring of the company's management team and is launching a new Software as a Service product offering. By bringing in seasoned talent, the company can capitalize on its leadership position and its opportunity for market expansion with new product offerings for the business continuity market for Microsoft(R) Exchange. The move follows the recent appointment of Ben Petro as the company's new president and CEO. Petro formerly held the position of senior vice president of Ultra Services at NeuStar, Inc. , which was the company's highest-growth division under Petro's leadership. He was appointed to this position after NeuStar's acquisition of his former company, UltraDNS, in April 2006; where as CEO and president he grew the company to be the number one provider of managed domain name system (DNS) and traffic management solutions worldwide.
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Aggressive growth under new leadership
With Petro at the helm, Teneros plans to aggressively grow staff under the new leadership team. "The new executive team comprises proven talent with reputations for creating sustainable value in a variety of high-growth businesses," said Ben Petro. "We have restructured with top performers in each discipline to optimize execution of our new go-to-market plan focused on direct sales of an expanded product offering."
Patrick Kearns, appointed general manager and vice president of corporate development, is charged with expanding global partnerships and distribution alliances to establish a stronghold in international channel sales. Kearns brings to Teneros a history of success with strategic international corporate development at technology companies such as Lucent Technologies , Motorola, and Fujitsu.
"The messaging market is migrating from Microsoft Exchange Server 2003 to Microsoft Exchange Server 2007, and businesses everywhere are leveraging virtualization technology. Teneros' new technology partnership with VMware will allow us to both capitalize on virtualization benefits within our appliances and to provide the VMware channel with flexible, scalable and comprehensive high availability and disaster recovery email solutions to Microsoft Exchange Server email customers," offered Kearns.
Jon Ferrell joined Teneros, as vice president of direct sales to spearhead the company's drive up market with the expanded SaaS offering. Ferrell joined Teneros from NeuStar, Inc. where he was vice president of sales for the company's Ultra Services Division, formed by the acquisition of UltraDNS in 2006. At UltraDNS, he established and grew direct sales offices across the United States and Europe. His team also established UltraDNS as the pre-eminent DNS services provider in wide range of major vertical markets. Prior to joining UltraDNS, Ferrell was a syndicate coordinator at Merrill Lynch where he managed over $750 million in client assets and was responsible for the distribution of initial public offerings (IPOs) and secondary offerings.
David Novosad, in the new position of vice president of business operations, was hired to optimize and drive efficient operational growth. Novosad came to Teneros from NeuStar, Inc. where he was vice president of Ultra Services. Previously he served as general manager and vice president of operations at UltraDNS where he was imperative in defining the direction of the corporation and was instrumental in product initiatives, strategic relations, corporate operations, and global expansion.
Teneros Investors Instrumental in Rebuilding Management Team
Teneros' investors Goldman Sachs and New Enterprise Associates (NEA) were instrumental in assisting the restructuring of the company's management team by accessing their valuable network of seasoned executives with track records of repeated success.
Expanded Email Continuity Product Offering to Include Software as a Service (SaaS)
Teneros also announced it is expanding its email continuity product family with a SaaS offering to increase the company's market reach. The new service model allows customers to simply and cost-effectively satisfy their email high availability and disaster recovery requirements with the low monthly fee per mailbox service. As companies grow and prosper, they can easily add support of new mailboxes.
Teneros Application Continuity Appliances end email downtime for businesses by delivering local high availability and remote disaster recovery of Microsoft Exchange. An estimated 70 percent of businesses worldwide use Microsoft Exchange as their email messaging server, according to Ferris Research. Ferris Research sites that it is business critical for many of these companies to assure 24x7 email operation as well as email data protection and access.
Teneros' new SaaS offering provides around-the-clock email uptime for businesses running Microsoft Exchange by utilizing Teneros' Instant-On(TM) failover technology. Included in the low monthly mailbox fee, Teneros supplies customers with an appliance that requires no reconfiguration of, modification to, or additional software on the Exchange server or network infrastructure and it can be installed in the customer's network in minutes. The appliances are remotely monitored, maintained and updated from Teneros' Network Operations Center, and the appliances use transactional integrity validation -- Teneros' proprietary, real-time data verification technology -- to prevent replication of Exchange data corruption on Teneros appliances. These features earn accolades from customers because Teneros appliances do not add to the ongoing workload of their in-house IT staff to deliver truly hands-free IT(TM) solutions.
About Teneros
Founded in 2003, Teneros has pioneered a new product category that assures continuity of operations for the mission-critical Microsoft applications fueling corporations worldwide - the Teneros Application Continuity Appliance(TM). Funded by Advanced Equities Financial Corp., Goldman Sachs, New Enterprise Associates (NEA), Sevin Rosen Funds, and STAR Ventures, the company produces plug-&-go(TM) business continuity appliances that assure 99.99%-99.999% uptime of Microsoft infrastructure applications.
Teneros is an Advanced Infrastructure Solutions Microsoft Gold Partner and is the recipient of the 2007 Microsoft Partner of the Year Award, OEM Hardware Solutions, Device Manufacturing. Teneros is a winner of the 2008 Red Herring 100 award, was selected as CRN's 2007 and 2006 Emerging Tech Dynamo, and was honored by AlwaysOn as an AO 100 Private Company Award winner in 2006 and 2007. The company is headquartered at 321 East Evelyn Ave in Mountain View, Calif., 94041. More information is available at http://www.teneros.com/.
All trademarks are the property of their respective owners.
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Teneros
CONTACT: Cynthia Harris of PR Strategy Group, +1-650-508-0330,
charris@prstrategygroup.com, for Teneros
Web site: http://www.teneros.com/
Coby Electronics Launches New PMP Product Line Featuring Actions Semiconductor's Series ATJ2135 Chipset
ZHUHAI, China, June 26 /Xinhua-PRNewswire/ -- Actions Semiconductor Co., Ltd. today announced that Coby Electronics Corporation introduced a new line of PMPs, the MP705 and MP715 lines, featuring Actions' leading chipset technology, the Series 13+ ATJ2135 solution. The products are shipping into the U.S. market under the Coby brand.
"We are excited to be the first to deliver products integrating Actions' industry leading Series ATJ2135 chipset to the United States," stated Robert F. Gee, Vice President of Marketing at Coby. "In the fast-paced consumer electronics business time-to-market and innovation is critical for solution providers, and more important, to our end-user customers."
"Our successful partnership with Coby and G.M.I. is a major milestone for Actions and is consistent with our strategy to expand the adoption of our leading PMP technology globally," commented Vincent Lin, Actions' Vice President of Marketing. "Coby's decision to utilize our Series ATJ2135 chipset for its new U.S.-based products underscores their confidence in the integrity of our solutions. We are grateful to G.M.I. as our valued solution provider and distribution partner for their contributions to our success with Coby."
About Actions Semiconductor Co., Ltd.
Actions Semiconductor is one of China's leading fabless semiconductor companies that provides mixed-signal and multimedia SoC solutions for portable consumer electronics. Actions Semiconductor products include SoCs, firmware, software, solution development kits, as well as detailed specifications of other required components and the providers of those components. Actions Semiconductor also provides total product and technology solutions that allow customers to quickly introduce new portable consumer electronics to the mass market in a cost effective way. The company is headquartered in Zhuhai, China, with offices in Beijing, Shanghai, and Shenzhen. For more information, please visit the Actions Semiconductor website at http://www.actions-semi.com/.
About Coby Electronics
Coby Electronics Corporation is a manufacturer of quality consumer electronics products. Since its inception in 1990, Coby has risen through the ranks of the consumer electronics industry. Coby is focused on offering innovative, feature-rich products and solutions that are consistent market share leaders. Within the past decade, Coby's team of inventors, engineers, and designers have earned a number of U.S. patents and design awards. Additional information can be found at http://www.cobyusa.com/.
About G.M.I. Technology Inc.
Digital G.M.I. Technology Inc. (Public, TPE: 3312) is committed to being a Total Solution Provider for both the Consumer Electronics and IT markets. Following the firm's establishment in 1995, G.M.I. merged with China's Vector Electronic Co. (est. 1987) to create a firm with two decades of industry expertise in the Greater China region. By starting with market-side research, G.M.I. leverages its well-established customer base and internal experts to identify market trends and opportunities in high-growth markets. G.M.I.'s in-house engineering team is dedicated to working with partners to develop projects from definition to mass production. Additional information can be found at http://www.gmitec.com/.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
Statements contained in this release that are not historical facts are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including financial projections and forecasts, involve risks and uncertainties that could cause Actions Semiconductor's actual results to differ materially from our current expectations. Factors that could cause Actions Semiconductor's results to differ materially from those set forth in these forward-looking statements include customers' cancellation or modification of their orders; our failure to accurately forecast demand for our products; the loss of, or a significant reduction in orders from, any of our significant customers; fluctuations in our operating results; our inability to develop and sell new products; defects in or failures of our products; the expense and uncertainty involved in our customer design-win efforts; the financial viability of the distributors of our products; consumer demand; worldwide economic and political conditions; fluctuations in our costs to manufacture our products; our reliance on third parties to manufacture, test, assemble and ship our products; our ability to retain and attract key personnel; our ability to compete with our competitors; and our ability to protect our intellectual property rights and not infringe the intellectual property rights of others. Other factors that may cause our actual results to differ from those set forth in the forward-looking statements contained in this press release and that may affect our prospects in general are described in our filings with the Securities and Exchange Commission, including our most recently filed Forms F-1, 20-F and 6-Ks. Actions Semiconductor undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or changed assumptions or circumstances.
For More Information
Lisa Laukkanen Ernie Huang
The Blueshirt Group for Actions Semiconductor Investor Relations at Actions
lisa@blueshirtgroup.com ernie@actions-semi.com
+1-415-217-4967 +86 756 3392353 ext 1095
Actions Semiconductor Co., Ltd.
CONTACT: Lisa Laukkanen of The Blueshirt Group, +1-415-217-4967,
lisa@blueshirtgroup.com, for Actions Semiconductor; or Ernie Huang,
+86 756 3392353, ext. 1095, ernie@actions-semi.com, of Actions Semiconductor
Investor Relations
Web site: http://www.actions-semi.com/
http://www.cobyusa.com/
http://www.gmitec.com/
Lithium Technology Corporation Selected for PHEV Project with Volkswagen AG and E.ON
PLYMOUTH MEETING, Pa., June 26 /PRNewswire-FirstCall/ -- Lithium Technology Corporation (LTC) (OTC Pink Sheets: LTHU) announced today that its German subsidiary, GAIA Akkumulatorenwerke GmbH (GAIA), was selected to participate in a passenger car fleet project for Plug-In Hybrid Electric Vehicles (PHEV) sponsored by the German Federal Government. GAIA batteries will power the project made possible in conjunction with Volkswagen AG and E.ON. The project was unveiled today in Berlin by Minister Sigmar Gabriel, Prof. Martin Winterkorn, CEO of Volkswagen AG and Dr. Klaus-Dieter Maubach, CEO of E.ON.
Over the next three years, GAIA will deliver a total of seven lithium ion batteries that are based on iron phosphate cathode chemistry with energy content of about 12kWh. The project will partially be funded by the German Federal Government.
The project aims to demonstrate the use of electricity generated by renewable energy such as wind and solar for powering up 20 PHEV's in a fleet trial under real-time conditions. The project will also validate the superiority of advanced lithium ion batteries to power such vehicles and evaluate the use of various methods of integrating these vehicles into the electric power grid for stabilization purposes.
"It is a great honor for LTC to be part of this program and to work with a leading car company and one of the largest utility companies in Europe," commented Dr. Klaus Brandt, Chief Executive Officer of LTC and Managing Director of GAIA. "This project will not only demonstrate the viability of the use of lithium ion batteries to power PHEV's, but also the use of the large energy storage capabilities that the batteries of such a PHEV fleet represent to the power grid."
"At the present time the automobile is unthinkable without a highly efficient diesel or gasoline engine. The future however, and that is certain, will belong to the electric motors fueled by the wall power plug" (PHEV), commented Professor Winterkorn, CEO of Volkswagen AG in their announcement today. "On this way to the future, our innovative motors (TDI/TSI) combined with electric motors and highly efficient battery systems create advanced propulsion systems."
PHEVs are part of a family of electric-drive technologies that will play an important role in achieving the objectives of energy security and a reduction of greenhouse gas emissions. The relatively large battery installed enables a full electric driving over distances typical in urban situations as the battery can be charged directly from the electricity grid. The increased use of renewable energy sources such as wind and solar put stress on the grid stability as power generation becomes less predictable. PHEV batteries can play a role in stabilizing the grid by charging at times of excess power generation capability and by feeding power back to the grid when there is a power generation shortage.
"LTC, with its unique battery technology, is one of the few companies in the world today that enables the construction of large batteries needed by PHEV's and other heavy duty applications in the transportation market. Moreover, with regard to the grid and renewable energy, we currently target even larger applications, such as grid stabilization and peak shaving, which will require batteries of 2-20 Mega Watt hours, the largest of their kind in the world," concluded Dr. Brandt.
About Volkswagen AG:
Volkswagen AG is a Germany-based automobile manufacturer. The Company consists of two divisions: Automotive and Financial Services. The activities of the Automotive Division comprise the development of vehicles and engines, as well as the production and sale of passenger cars, commercial vehicles, trucks and buses, and the genuine parts business. The Financial Services Division's portfolio of services includes the Company's dealer and customer financing, leasing, banking and insurance activities and fleet management business. The Company is made up of eight brands from six European countries: Volkswagen, Audi, Bentley, Bugatti, Lamborghini, SEAT, Skoda and Volkswagen Commercial Vehicles. The Company operates 48 production plants in 13 European countries and a further six countries in the Americas, Asia and Africa. It sells its vehicles in more than 150 countries worldwide. During the year ended December 31, 2007, the Company delivered some 6.2 million vehicles to customers worldwide.
About E.ON AG Corporation:
E.ON AG, based in Dusseldorf, Germany, is an energy corporation, one of the 30 members of the DAX stock index of major German companies. E.ON is one of the major public utility companies in Europe and the world's largest investor-owned energy service provider. E.ON operates in all of Europe and Scandinavia, and has a stake in the Russian natural gas company Gazprom (6.4%). In the United States, E.ON acquired and renamed LG&E Energy to E.ON U.S., which is headquartered in Louisville, Kentucky. Currently, E.ON is organized in five market units: (i) E.ON Energie AG, which supplies power in continental Europe; (ii) E.ON Sverige, which supplies power in Scandinavia; (iii) E.ON UK, which supplies power in the UK; (iv) E.ON US, which supplies power in the US; and (v) E.ON Ruhrgas, which supplies gas in Europe. E.ON has moved to the alternative power generation in Britain, and will open a windfarm off the coast of Cornwall later this year.
About Lithium Technology Corporation:
Lithium Technology Corporation (LTC) is a global provider of large format rechargeable power solutions for diverse applications, and offers the largest lithium-ion cells with the highest power of any standard commercial lithium ion cell produced in the western hemisphere. With more than 20 years of experience, LTC leverages its extensive expertise in high power and large battery assemblies to commercialize advanced lithium batteries as a new power source in the military and national security systems, transportation and stationary power markets.
LTC manufactures the GAIA(R) product line of large, high power hermetically sealed rechargeable lithium-ion cells and batteries. The Company's product portfolio includes large cells and batteries from 10 times the capacity of a standard laptop computer battery to 100,000 times greater. LTC manufactures a variety of standard cells that are assembled into custom large batteries complete with electronics (battery management systems) and electronics to communicate with other components of the system for performance monitoring.
LTC headquarters are located in Plymouth Meeting, PA and R&D in Nordhausen, Germany. LTC sales for the U.S. and European markets are managed out of each of the offices. For more information about LTC, its technology and products, please visit http://www.lithiumtech.com/
Safe Harbor for Forward-looking Statements:
The foregoing information contains forward-looking statements, which involve risks and uncertainties relating to such matters as financial performance, technology development, capital raising, business prospects, strategic partnering and similar matters. A variety of factors could cause LTC's actual results and experience to differ materially from anticipated results or other expectations expressed in these forward-looking statements. This notice does not constitute an offer of any securities for sale.
Lithium Technology Corporation
CONTACT: Lillian Sharik, +1-610-940-6090, lsharik@lithiumtech.com, of
Lithium Technology Corporation
Web site: http://www.lithiumtech.com/
Consumers Search Real Estate Longer on Realtor.com and Move Network in MayThe Leader in Online Real Estate Continues to Attract the Most Unique Users, Increasing User 'Stickiness' for the Fifth Consecutive Month
LOS ANGELES, June 26 /PRNewswire-FirstCall/ -- In May 2008, consumers continued to increase time spent searching real estate on the Move Network, including Realtor.com, the number one homes-for sale web site, according to year-over-year data from comScore[1]. This most recent data further solidifies the Move Network's position as the category leader and demonstrates the Network's value offered to advertisers.
Minutes spent per unique user in May 2008 grew by six percent on REALTOR.com and by three percent on the Move Network as compared to May 2007. This was the fifth consecutive month of positive growth in user stickiness (engagement) as consumers remain on the sites longer researching the freshest and most comprehensive real estate data. When compared to all other real estate web sites, comScore[1] also reports consumers spent 141 percent more time on Realtor.com, for a total of 170 percent more time on the Move Network this past May.
"The fact that consumers consistently turn to Realtor.com and the Move Network for their real estate needs confirms we're making swift progress towards the achievement of our strategic goals for 2008," said Lorna Borenstein, president of Move, Inc. "We're pleased consumers continue to choose the Move Network over our competitors and are spending more time on our network. These latest results confirm the information and connections we're delivering are what consumers want and need from the category leader. That's wonderful news for our investors and advertisers."
During the first quarter of 2008, the Move Network attracted twice as many users as any other site in the real estate category and consumers spent eight times more minutes on the Move Network than with any other competitor. Consumer traffic grew by 15 percent during the period and 9.8 million unique users visited the Move Network each month on average. Also, based on second quarter 2008 comScore data, consumer searches continue to increase on the network, with the Move Network capturing 92 percent more unique users that spend 129 percent more time on the category leader's sites than the next closest competitors.
ABOUT REALTOR.COM
REALTOR.com(R), where the world shops for real estate online, is operated by Move, Inc., and is the official Web site of the National Association of REALTORS. Ranked as the #1 homes-for-sale site, REALTOR.com currently offers potential home buyers access to over four million property listings, as well as the most brokers and agents. It also provides REALTORS and the home sellers they represent with the Internet's largest real estate marketplace, reaching more than 5 million consumers in May 2008[1]. Agents and companies have the power to customize REALTOR.com resources to maximize their brand and productivity.
REALTOR(R) and REALTOR.com(R) are registered trademarks of the NATIONAL ASSOCIATION OF REALTORS(R). REALTOR(R) is a federally registered collective membership mark, which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS(R) and subscribes to its strict Code of Ethics. All other trademarks appearing above are the property of Move, Inc., or of their other respective owners.
ABOUT MOVE, INC.
Move, Inc. is the leader in online real estate with 8.33 million[1] monthly visitors to its online network of websites. Move, Inc. operates: Move.com, a leading destination for information on new homes and rental listings, moving, home and garden and home finance; REALTOR.com(R), the official Web site of the National Association of REALTORS(R); Welcome Wagon(R); Moving.com; and TOP PRODUCER(R). Move, Inc. is based in Westlake Village, California, and employs more than 1600 individuals throughout North America. For more information: http://www.move.com/.
[1] custom calculations, comScore Media Metrix, May 2008
This press release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.
REALTOR(R) and REALTOR.com(R) are registered trademarks of the NATIONAL ASSOCIATION OF REALTORS(R). REALTOR(R) is a federally registered collective membership mark, which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS(R) and subscribes to its strict Code of Ethics. All other trademarks appearing above are the property of Move, Inc., or of their other respective owners.
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Move, Inc.
CONTACT: Julie Reynolds of Move, Inc., +1-805-557-3080,
julie.reynolds@move.com
Web site: http://www.move.com/
http://www.realtor.com/
M&F Worldwide Corp. Announces Completion of Its Share Repurchase Program
NEW YORK, June 26 /PRNewswire-FirstCall/ -- M&F Worldwide Corp. today announced that it has completed its previously announced share repurchase program. Under the program, the Company purchased two million shares of its outstanding common stock. The Company's share repurchase program was initiated on June 4, 2008, at which time the Board of Directors authorized the repurchase of in the aggregate up to two million shares of its outstanding common stock.
About M&F Worldwide Corp.
M & F Worldwide operates through four business segments: Harland Clarke, Harland Financial Solutions, Scantron and Mafco Worldwide. The operations of Harland Clarke include check printing, contact center and direct marketing. The operations of Harland Financial Solutions include core processing, retail and lending software solutions. Scantron is a leading provider of data collection and testing and assessment products sold primarily to educational and commercial customers. Mafco Worldwide produces licorice products for sale to the tobacco, food, pharmaceutical and confectionery industries (which is M & F Worldwide's Licorice Products segment).
M&F Worldwide Corp.
CONTACT: Christine Taylor, +1-212-572-5988 office, +1-917-968-5261
mobile
Orbotech Reaches Agreement to Acquire Photon Dynamics- Two Major Flat Panel Display Industry Suppliers will unite to become a Global Leader in Yield Management Solutions -
YAVNE, Israel and SAN JOSE, Calif., June 26 /PRNewswire-FirstCall/ -- Orbotech Ltd. and Photon Dynamics, Inc. today announced that they have signed a definitive agreement for Orbotech to acquire Photon Dynamics, a leading provider of test and repair systems for the liquid crystal (LCD) flat panel display industry.
Under the terms of the agreement, Orbotech will pay $15.60 per share in cash for all of the issued and outstanding shares of Photon Dynamics' common stock, making an aggregate merger consideration value for the transaction of approximately $290 million. The acquisition will be financed through a combination of internally-generated funds and external-source financing.
This acquisition, which is the largest by Orbotech to date, is a major part of Orbotech's strategy for growth and diversification in its flat panel display business.
"The synergies resulting from the integration of our two companies' highly complementary skill sets, technologies and infrastructures will open the door to significant enhancements in FPD yield management and process control, and will create potential for other production capabilities in the future," said Mr. Rani Cohen, Chief Executive Officer of Orbotech. "It will allow us to capitalize more comprehensively on current and emerging opportunities in the flat panel display industry, while building upon and further expanding our current range of solutions, all of which will bring added value to our customers and will benefit our employees and shareholders."
Mr. Cohen added: "Photon Dynamics has very talented employees with first- class expertise, and leading products that are widely recognized throughout the FPD industry. We believe that these assets, in addition to Photon Dynamics' strong technical capabilities and its excellent customer relations, will benefit FPD customers and positively impact Orbotech's long-term success."
Jeffrey A. Hawthorne, President and Chief Executive Officer of Photon Dynamics, stated: "We see this new venture as a very exciting opportunity to provide FPD customers with a one-stop-shop that offers a complete line of yield management solutions. By teaming up with Orbotech, which is committed to investing in innovative technologies, we will be able to grow the combined business and improve its competitive positioning as we face a maturing industry."
The Boards of Directors of both companies have approved the acquisition. The transaction is subject to customary conditions to closing, including approval by Photon Dynamics' stockholders and requisite regulatory approvals, and is expected to close during the second half of 2008.
Orbotech's financial advisor on the transaction is Lehman Brothers Inc. and Photon Dynamics' financial advisor on the transaction is Credit Suisse Securities (USA) LLC.
An Orbotech investor conference call regarding this acquisition is scheduled for Thursday, June 26, 2008, at 3:00 p.m. EDT. The dial-in number for the conference call is 210-234-0021, and a replay will be available after 8:00 p.m. EDT on June 27, 2008 and until 11:59 p.m. EDT on July 11, 2008, on a telephone number which will be published on the investor relations section of Orbotech's website. The pass code is ORBOTECH. A live web cast of the conference call and replay can also be heard by accessing the investor relations section on Orbotech's website at http://www.orbotech.com/.
About Photon Dynamics, Inc.
Photon Dynamics, Inc. is a global supplier utilizing advanced machine vision technology for market leading LCD flat panel display test and repair systems and for high performance digital imaging systems for defense, surveillance, industrial inspection and medical imaging applications.
For more information about Photon Dynamics, visit its website at http://www.photondynamics.com/.
About Orbotech Ltd.
Orbotech is principally engaged in the design, development, manufacture, marketing and service of yield-enhancing and production solutions for specialized applications in the supply chain of the electronics industry. Orbotech's products include automated optical inspection ("AOI") and process control systems for bare and assembled printed circuit boards ("PCB"s) and for flat panel displays ("FPD"s), and imaging solutions for PCB production. Orbotech also markets computer-aided manufacturing and engineering ("CAM") solutions for PCB production. In addition, through its subsidiary, Orbograph Ltd., Orbotech develops and markets automatic check reading solutions to banks and other financial institutions, and has developed a proprietary technology for web-based, location-independent data entry for check processing and forms processing; and, through its subsidiaries, Orbotech Medical Denmark A/S and Orbotech Medical Solutions Ltd., is engaged in the research and development, manufacture and sale of specialized products for application in medical nuclear imaging. Of Orbotech's employees, more than one quarter are scientists and engineers, who integrate their multi-disciplinary knowledge, talents and skills to develop and provide sophisticated solutions and technologies designed to meet customers' long-term needs. Orbotech maintains its headquarters and its primary research, development and manufacturing facilities in Israel, and more than 30 offices worldwide. Orbotech's extensive network of marketing, sales and customer support teams throughout North America, Europe, the Pacific Rim, China and Japan deliver its knowledge and expertise directly to customers the world over. For more information visit http://www.orbotech.com/.
Except for historical information, the matters discussed in this communication are forward-looking statements that are subject to certain risks and uncertainties which could cause the actual results to differ materially from those projected, including statements regarding the proposed business combination and the anticipated consequences and benefits of such transaction, industry trends, the timing and strength of product and service offerings, changes in business or pricing strategies, changes in the prevailing political and regulatory framework in which the relevant parties operate or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis and other risks detailed from time to time in Orbotech and Photon Dynamics' SEC reports. The Companies assume no obligation to update any information in this communication.
PHOTON DYNAMICS INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT REGARDING THE BUSINESS COMBINATION TRANSACTION REFERRED TO ABOVE, WHEN IT BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION.
The proxy statement will be filed with the Securities and Exchange Commission by Photon Dynamics, Inc. Investors and security holders of Photon Dynamics may obtain a copy of the proxy statement (once available) free of charge, as well as other documents filed by Photon Dynamics with the SEC, at the SEC's website at http://www.sec.gov/. The proxy statement (when available) and these other documents may also be obtained from Photon Dynamics free of charge by direct request to Photon Dynamics' investor services department.
CERTAIN INFORMATION CONCERNING PARTICIPANTS
Photon Dynamics, Inc. and its directors and executive officers and other members of management and employees may be deemed to participate in the solicitation of proxies in respect of the proposed business combination. Investors of Photon Dynamics may obtain a detailed list of names, affiliations and interests of Photon Dynamics participants from an SEC filing under Schedule 14A to be made by Photon Dynamics.
Photon Dynamics, Inc.
CONTACT: Adrian Auman, Corporate Vice President of Finance and Investor
Relations, +972-8-942-3560, or Michelle Harnish, Marketing Communications
Manager, +1-978-901-5120, both of Orbotech, Inc.
Web site: http://www.photondynamics.com/
http://www.orbotech.com/
Spectral announces continuing support for the combination of EAA(TM) and anti-endotoxin therapeutics- Data to be presented at International Shock Congress by sepsis thought leaders -
TORONTO, June 26 /PRNewswire-FirstCall/ -- Spectral Diagnostics Inc. (TSX: SDI) today announced the presentation of data that demonstrates the combined clinical effectiveness of its Endotoxin Activity Assay (EAA(TM)), the only FDA cleared diagnostic for the measurement of endotoxin, to identify patients with elevated endotoxin levels and to guide endotoxin reducing strategies, such as Toray Medical's therapeutic column, Toraymyxin(TM). The presentations will be made at a symposium entitled "Blood Purification in the Treatment of Sepsis," at the International Shock Congress in Cologne, Germany to be held from June 28-July 2.
"Several of the presentations at this important congress use data collected with Spectral's EAA(TM) and highlight the value of our product, both independently and in combination with anti-endotoxin therapies," said Dr. Paul Walker, President and CEO of Spectral. "Increasingly, EAA(TM) and Toray's therapeutic column, Toraymyxin(TM), which removes endotoxin from the bloodstream, are being recognized as a valuable combination for the diagnosis, treatment and monitoring of patients with severe sepsis."
The "Blood Purification in the Treatment of Sepsis" symposium will be held on July 1, from 8:30-10:00AM CEST. Speakers presenting data using EAA(TM) include Dr. David Klein of St. Michael's Hospital in Toronto, Canada, who will deliver a presentation entitled, "The Endotoxin Activity Assay (EAA(TM)) as a diagnostic tool for anti-endotoxin sepsis treatment". Dr. Eugen Faist of the University of Munich in Germany will speak about, "Endotoxemia and immune profiles of patients with acute sepsis due to major peritonitis". Information on the meeting, including the full scientific program, can be seen at http://www.shocksociety.org/.
About Spectral Diagnostics
Spectral is a leader in the battle against sepsis. Spectral's lead product is its Endotoxin Activity Assay (EAA(TM)), the only FDA cleared assay for the measurement of endotoxin. With the growing awareness for the role of endotoxemia in sepsis and the increasing number of therapies being developed for this indication, Spectral is well-positioned to drive the adoption of the EAA(TM), which can be used to identify patients, enable therapeutics and monitor treatment. Spectral is listed on TSX under the symbol SDI.
Forward-looking statement
Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Implicit in this information, particularly in respect of the future outlook of Spectral and anticipated events or results, are assumptions based on beliefs of Spectral's senior management as well as information currently available to it. While these assumptions were considered reasonable by Spectral at the time of preparation, they may prove to be incorrect. Readers are cautioned that actual results are subject to a number of risks and uncertainties, including the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Spectral to take advantage of business opportunities in the biomedical industry, the granting of necessary approvals by regulatory authorities as well as general economic, market and business conditions, and could differ materially from what is currently expected.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this statement.
Spectral Diagnostics Inc.
CONTACT: Dr. Paul Walker, President & CEO, (416) 626-3233 ex. 2100; James
Smith, Investor Relations, (416) 815-0700 ext. 229, jsmith@equicomgroup.com
Garmin(R) Introduces New and Improved Astro(R) GPS Dog Tracking Collar
OLATHE, Kan., June 26 /PRNewswire-FirstCall/ -- Garmin International Inc., a unit of Garmin Ltd. , the global leader in satellite navigation, today announced the DC(TM) 30, a completely redesigned GPS dog tracking collar for use with the Astro GPS Dog Tracking System. The new collar is more rugged and its antennas are positioned differently for optimal tracking.
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"The new DC 30 collar is designed to stand up to the torturous abuse of hunting dogs. Whether it's hounds crashing through thick and swampy woods, or bird dogs bounding through dense CRP fields, the DC 30 is made to take the beating that working dogs dish out daily," said Dan Bartel, Garmin's vice president of worldwide sales. "And the new configuration also makes mounting the collar a cinch -- while improving reception."
The DC 30 collar's main housing is weighted to sit below the dog's neck, while a small, low-profile GPS antenna is integrated into the collar strap and positioned on top of the dog's neck, providing a clear view of satellites with minimal rotation. The transmitter antenna originates from the lower housing, and has been redesigned for more flexibility and ruggedness. No counterbalance or harness is needed. The weight for the transmitter plus antenna is 4.1 ounces, and the entire DC 30 weighs just 8.7 ounces.
Used in conjunction with the Astro 220 receiver, the system pinpoints exactly where your dog is and what he's doing -- running, pointing, or treeing -- even in dense cover, up to seven miles away, depending on terrain.
The Astro GPS Dog Tracking System requires very little configuration straight out of the box, and is extremely simple to use. Once the transmitter and receiver acquire a GPS signal, the receiver automatically lets users know the location of their dog. Unlike old radio telemetry collars, the Astro features a dog page that shows the precise direction and distance to a dog -- even indicating if it is running, on point, or treeing quarry -- and does it all without the annoyance of beeper collars. Unlike cellular tracking systems, there are no subscriptions or setup fees required to use the device.
Astro can track up to ten dogs per receiver at once, and the collar gives location updates every five, 10, or 30 seconds (user selectable). Battery life is 17-36 hours (based on update rate) on the rechargeable DC 30 collar and 24 hours on the Astro 220 receiver, which is powered by two AA batteries. Both the DC 30 collar and the Astro 220 receiver are completely waterproof.
The Astro also has a map page to illustrate where a dog is and where it has been -- in relation to the hunter -- and allows hunters to determine if they have covered nearby ground. Garmin's unique Covey Counter(TM) lets hunters mark the precise location, time of day, and elevation where they encountered their quarry -- and users can easily note the number of birds flushed and how many were taken. The Astro also comes packed with new hunting-specific icons, to easily mark and identify bird flushes, treed raccoons, food plots, tree stands, cover, ATVs, and other outdoor-related features.
Besides being a state-of-the-art dog tracking device, the Astro is also a full-featured handheld GPS based on the GPSMAP(R) 60CSx, with a sunlight-readable color display and a highly sensitive GPS receiver that works even under a thick tree canopy or in deep canyons. So when the hunting season is over, the Astro can pull double-duty for hiking, boating, or car trips.
The Astro has a microSD card slot that allows users to insert optional pre-programmed topo maps or road maps, which can be invaluable in an unfamiliar area. Topo maps give hunters an idea of the most productive areas to hunt, while road maps feature the same basic functions as an automotive GPS navigation unit -- even in rural areas. The optional road map data can also give turn-by-turn directions to motels, gas stations, restaurants, and even veterinarians.
The Astro also calculates area, which is ideal for determining the acreage of a piece of property or the exact size of a food plot. The unit has location-specific sunrise/sunset and moonrise/moonset tables (ideal for determining legal hunting hours) and a hunting and fishing calendar that suggests the best times to be out in the field.
The new DC 30 collar is included as part of the Astro GPS Dog Tracking system, which also contains an Astro 220 receiver, user's manual, power/data cables, Trip & Waypoint Manager CD, and a carrying case for a suggested retail price of $649.99. The DC 30 tracking collar sold separately is $199.99. The DC 30 collar is compatible with current Astro GPS Dog Tracking Systems as well. For current Astro DC20 owners wishing to upgrade to the DC 30, Garmin is offering a $50.00 rebate for a limited time only.
Garmin has also developed a new Astro portable long range antenna, sold separately. The accessory is designed to increase the range of the hunter's handheld receiver, by up to three miles. When a dog travels outside the Astro's range, the antenna can be lengthened to over a meter and attached directly to the Astro 220 via a one-meter coaxial cable. The antenna features a molded handle and lanyard, and measures just a quarter meter long when stored -- small enough to be carried in a hunting vest when not in use. The handheld antenna has a list price of $69.99.
The DC 30 is expected to be available in third quarter 2008. For more details and an interactive demo of the Astro GPS Dog Tracking System, visit http://www.garmin.com/astro.
About Garmin
The global leader in satellite navigation, Garmin Ltd. and its subsidiaries have designed, manufactured, marketed and sold navigation, communication and information devices and applications since 1989 -- most of which are enabled by GPS technology. Garmin's products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin Ltd. is incorporated in the Cayman Islands, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual pressroom at http://www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200. Garmin and GPSMAP are registered trademarks, and Astro and DC 30 are trademarks of Garmin Ltd. or its subsidiaries.
Notice on forward-looking statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. All statements regarding the company's future product introductions are forward-looking statements. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 29, 2007 filed by Garmin with the Securities and Exchange Commission (Commission file number 000-31983). A copy of Garmin's Form 10-K can be downloaded at http://www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
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Garmin Ltd.
CONTACT: Ted Gartner of Garmin International Inc., +1-913-397-8200,
media.relations@garmin.com
Web site: http://www.garmin.com/
Mattson Technology, Inc. Announces a 5% Reduction in Force
FREMONT, Calif., June 26 /PRNewswire-FirstCall/ -- Mattson Technology, Inc. , a leading supplier of advanced process equipment used to manufacture semiconductors, today announced a reduction in force in selected organizations, as a result of the continuing downturn in the wafer fabrication equipment industry. "The restructuring of our global workforce will have the effect of reducing our cost structure in selected areas, while allowing the Company to continue critical investments in our new products and strategic initiatives," said David Dutton, President and Chief Executive Officer. "Memory spending is highly cyclical and has been exacerbated by the overall weak global economy. We believe the restructuring will help to optimize our organization and position Mattson for expanded growth."
As a result of the reorganization, Mattson will eliminate approximately 25 positions, or about 5 percent of the Company's global workforce. On June 25th, 2008, the Company began providing notices to those employees whose employment would be affected by the restructuring activity. It is expected that the workforce reduction will be completed by the end of the next fiscal quarter.
The Company anticipates that this plan will result in annualized savings of approximately $1.9 million. Due to Mattson's growth initiatives, these savings will be absorbed in its new product development efforts; however operating expenses will be maintained at the current levels. Mattson expects to record restructuring-related charges of approximately $0.7 million in connection with the reorganization. These one-time pre-tax charges are comprised of severance pay expenses, which will be recorded in the second quarter of 2008 and will adversely impact the Company's second quarter operating expenses.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements regarding the Company's future prospects, including, but not limited to: anticipated bookings, revenue, margins, earnings per share, market share, tax rate and fully diluted shares outstanding for future periods. Forward-looking statements address matters that are subject to a number of risks and uncertainties that can cause actual results to differ materially. Such risks and uncertainties include, but are not limited to: end-user demand for semiconductors; customer demand for semiconductor manufacturing equipment; the timing of significant customer orders for the Company's products; customer acceptance of delivered products and the Company's ability to collect amounts due upon shipment and upon acceptance; the Company's ability to timely manufacture, deliver and support ordered products; the Company's ability to bring new products to market and to gain market share with such products; customer rate of adoption of new technologies; risks inherent in the development of complex technology; the timing and competitiveness of new product releases by the Company's competitors; the Company's ability to align its cost structure with market conditions; and other risks and uncertainties described in the Company's Forms 10-K, 10-Q and other filings with the Securities and Exchange Commission. Results for the current quarter are preliminary and subject to adjustment. The Company assumes no obligation to update the information provided in this news release.
About Mattson Technology, Inc.
Mattson Technology, Inc. designs, manufactures, and markets semiconductor wafer processing equipment used in the fabrication of integrated circuits. The Company is a leading supplier of dry strip and rapid thermal processing equipment to the global semiconductor industry. Its strip and RTP equipment utilize innovative technology to deliver advanced processing performance and productivity gains to semiconductor manufacturers worldwide for the fabrication of current- and next-generation devices. Mattson is expanding into the etch market with innovative products targeting high volume dielectric etch applications, and is also expanding into the millisecond annealing and thermal oxidation markets. The Company expects that entry into these new markets will enhance its technical leadership and deliver revenue and profitability gains. Mattson was founded in 1988 and is headquartered in Fremont, California. For more information, please contact Mattson Technology, Inc., 47131 Bayside Parkway, Fremont, Calif. 94538. Telephone: (800) MATTSON/(510) 657-5900. Fax: (510) 492-5911. Internet: http://www.mattson.com/.
Mattson Technology Contact
Andrew J. Moring
Mattson Technology, Inc.
tel 510-492-5938
fax 510-492-5963
andy.moring@mattson.com
Investor & Media Contact
Laura Guerrant
Guerrant Associates
tel 808-882-1467
fax 808-882-1417
lguerrant@guerrantir.com
Mattson Technology, Inc.
CONTACT: Andrew J. Moring of Mattson Technology, Inc., +1-510-492-5938,
+1-510-492-5963 fax, andy.moring@mattson.com; or Investors & Media, Laura
Guerrant of Guerrant Associates, +1-808-882-1467, +1-808-882-1417 fax,
lguerrant@guerrantir.com, for Mattson
Web site: http://www.mattson.com/
Commerzbank Drives Core Banking Processes With SAPGermany's Second Largest Bank Successfully Deploys SAP for Banking in Only Nine Months, Optimizing Integrated Workflows and Automation of 1.2 Million Loans Yearly
WALLDORF and FRANKFURT, Germany, June 26 /PRNewswire-FirstCall/ -- SAP AG today announced that Commerzbank, Germany's second largest bank, has successfully implemented the SAP for Banking solution portfolio in just nine months to centralize and optimize its business processes. Commerzbank has restructured its entire loans transaction business unit, setting up a "loans factory," which will process 1.2 million loans yearly, based on an SAP solution portfolio with enterprise-wide standardized and integrated processes. The high degree of workflow automation and shorter processing times with the integrated SAP(R) solutions enable the bank to realize significantly improved efficiency. Commerzbank joins a long list of global banking industry leaders relying on SAP solutions to manage their operations.
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As a large bank with worldwide operations, Commerzbank turned to SAP software to provide a standard solution for core banking processes. A team comprised of experts from Commerzbank, Eurohypo, Eurohypo Systems and several SAP implementation partners rolled out the new systems in only nine months, replacing Commerzbank's former banking platform with SAP for Banking.
The existing SAP application for credit management deployed by Eurohypo, a subsidiary of Commerzbank, served as a model and basis for the new solution and adaptation. The "credit factory" technology platform went live on September 1, 2007. Today, the private mortgage loans business, currently with 600,000 contracts, is managed via SAP for Banking. The integration of consumer loans will follow in a next implementation step. Commerzbank's "loans factory" concept provides an integrated IT system for all areas of business, based on standard solutions and processes accounting for a high degree of integrated workflow automation. With SAP software, Commerzbank is able to serve multiple business organizations by a single software instance.
"Banks around the world are moving to a licensed software for core banking model for reasons of productivity, efficiency and agility," said Bart Narter, senior analyst, Celent. "About half of the top ten North American banks use a licensed software product for core systems, while in other regions internally developed systems predominate. We believe that banks will move to licensed systems globally in order to reduce development costs and deployment timelines."
Due to the integration of the solution with the balance-sheet and risk systems, Commerzbank has significantly increased its data quality, improved risk selection and provided more transparency across all borrower units. Employing standardized solutions and establishing automatic workflows can also significantly drive down costs. With SAP for Banking, Commerzbank is able to reduce both loans processing steps and processing times. The bank's customers will also benefit from the reduction of refinancing costs, risk-adjusted pricing and from the overall reduction of risk management costs.
"By implementing SAP software, we were able to remove the burdens brought on by our former loans platform and create a durable, efficient core banking solution," said Christian Weber, head of retail credit, Commerzbank. "We decided to go with SAP when we saw how the solution boosted performance at Eurohypo. We have now implemented automated loans processes with SAP solutions that have considerably improved the response time of each loan when compared to our old solution."
"Commerzbank is taking a giant leap forward in the 'industrialization' of its core banking operation thanks to standardized processes and workflows, bearing enormous potential for raising efficiency," said Thomas Balgheim, senior vice president, Global Banking Line of Business, SAP AG. "Banks must ensure their core business systems are durable for the future. Only through a flexible, adaptable solution can banks better manage future changes and products in the marketplace. We have been continuously enhancing SAP for Banking toward a service-oriented banking business process platform, in order to meet the requirements of global banks today and ensure a growth platform for the future."
About Commerzbank AG
Since taking over Eurohypo, Europe's largest institution specializing in financing real-estate and public-sector projects, Commerzbank has been Germany's second-largest bank and one of the leading banks in Europe. Its consolidated balance-sheet total stands at 616bn euros. Roughly 35,000 employees, 8,504 of them active outside Germany, look after more than 8 million customers worldwide. Commerzbank sees itself as an efficient provider of financial services for private and business customers as well as for small to medium-sized companies (Mittelstand), but it also serves numerous major corporates and multinationals. For each of its core target groups, it aims to be the 'best bank'.
About SAP for Banking
The SAP(R) for Banking solution portfolio provides banking-specific (transactional banking, CRM, risk management) and banking-relevant (financial accounting, human resources management, procurement) services and solutions created on a single enterprise SOA-enabled business process platform (BPP). With more than 600 customers in 60 countries worldwide, SAP for Banking provides an integrated set of tools and automated processes to manage every aspect of the front- and back-office banking environment -- from high-volume transactional banking processes and customer relationship management to financial accounting, cost controlling and profitability and risk analysis. Based on the open architecture of the SAP NetWeaver(R) technology platform, SAP for Banking helps companies expertly manage transactions and relationships across the institution to quickly identify and exploit market opportunities and easily tailor new products to the specific needs of individual customers. Additional information is available at http://www.sap.com/banking.
About SAP
SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 47,800 customers (excludes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." For more information, visit http://www.sap.com/.
(*) SAP defines business software as comprising enterprise resource planning and related applications.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright (C) 2008 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
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For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
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SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT;
press@sap.com
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SAP AG
CONTACT: Evan Welsh of SAP AG, CET, +49 (6227) 7-67514,
evan.welsh@sap.com, or SAP Press Office, CET, +49 (6227) 7-46315, EDT,
+1-610-661-3200, press@sap.com; or Sven Kahn of Burson-Marsteller, CET,
+49 69 2 38 09-24, sven.kahn@bm.com, for SAP AG
Web site: http://www.sap.com/
Active Control reports significant progress toward MSHA approvalsTSX-V: ACT
TORONTO, June 26 /PRNewswire-FirstCall/ -- Active Control Technology Inc. (TSX-V:ACT) today reported further advancement toward US federal Mine Safety and Health Administration (MSHA) certification of ActiveMine(TM), the premier wireless communications and locating system for mines.
Active Control management believes that it is entering the final iteration of the MSHA approval process for two core ActiveMine components: the system's wireless mesh node modules and RFID Wi-Fi tags. The nodes are placed in operating areas of mines and form the wireless backbone of the ActiveMine network system; the RFID tags enable accurate, real-time tracking of people and assets.
Based on recent progress, Active Control management believes that the company is positioned to table its final submissions for both components within weeks for approval. MSHA controls the timing of approvals.
"We continue to work closely with MSHA to expedite the certification of ActiveMine," said Steve Barrett, ACT President and CEO.
Four Active Control employees are working full-time, along with consultants retained by the company, on the approval process. They have been and continue to meet with MSHA engineers by phone and in person on a weekly basis.
A separate application was submitted late last year to MSHA for Wi-Fi telephones used in the ActiveMine system. Active Control continues to work with MSHA on that certification, and hopes to have a better understanding in the coming weeks of the timeline for approval of the telephone. Further information on the certification of the Wi-Fi telephone will be forthcoming at that time.
MSHA approves mining equipment as 'intrinsically safe,' i.e. to not create a spark or thermal ignition of methane or coal dust in coal mines. ACT submitted applications to MSHA last year for all components of its ActiveMine system. The company expects to receive three individual approvals for ActiveMine's RFID tag, node assembly and telephone.
MSHA certification is not required to sell and deploy ActiveMine in most base metal and precious metal surface and underground mines. Some ActiveMine purchase orders for coal mines are subject to certain conditions including regulatory approval of the system by MSHA.
"The company continues to make excellent progress in advance of approvals, with additional purchase orders and new commercial installations confirmed in the first half of 2008," Barrett said.
About ActiveMine
The ActiveMine communications, data and tracking system enables monitoring of production, personnel and equipment in all types of surface and underground mining environments, including coal and base metal mines. The system is designed to:
- Operate on a 100 percent wireless Wi-Fi network backbone.
- Be less susceptible to water and mechanical damage of all sorts,
including rock fall.
- Use open-standards technology.
- Meet federal MINER Act requirements for wireless systems as
established in MSHA policies.
- Enable miners who become isolated underground to stay linked, even
when they are distant from one another and cut off from the outside
world - a capability made possible by the system's unique
"Starfish(TM)" feature.
- Provide four-day intrinsically safe battery back-up and power supply.
- Provide a wireless communications and data network above-ground,
linked seamlessly to underground networks.
About Active Control Technology
ACT designs and markets wireless network control and communication systems for buildings and extreme environments. Located in Burlington, Ontario, Canada, the company trades publicly on the TSX Venture Exchange under the symbol ACT. For more information, visit the company's website at ww.activecontrol.com.
We make wireless work.(TM)
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as changes in demand for and prices for the products of the Company or the materials required to produce those products, labour relations problems, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements. The reader is cautioned not to put undue reliance on such forward-looking statements.
Active Control Technology Inc.
CONTACT: Steve Barrett, President & C.E.O., Active Control Technology
Inc., Tel.: (905) 670-5500 ext. 202, Fax: (905) 592-9691, Email:
sbarrett@activecontrol.com, Website: http://www.activecontrol.com/; Don Hogarth,
Hogarth Communications Inc., Tel.: (416) 565-8920, Email: don@hogarthpr.com
KeyCorp Selects Cognizant as the Technology Vendor of the YearCognizant chosen for its vital customer support, flexible and reliable partnership and innovative solutions that helped enhance KeyCorp's products and services
TEANECK, N.J., June 26 /PRNewswire-FirstCall/ -- Cognizant , a leading provider of global consulting, technology and business process services, today announced that KeyCorp, one of the largest bank-based financial services companies in the US, has selected it as The Technology Vendor Of The Year 2007 for Enterprise Technology Development from among its 30 strategic vendors.
The KeyCorp Technology Vendor Awards recognize the outstanding efforts of the company's top technology vendors on the counts of agility, quality, creativity, cost control, capability improvement, high performance and availability, business transformation and innovation. The company measures these results using its balanced scorecard process started in 1998 and honors vendors that consistently score the highest.
Cognizant was chosen for this award for providing innovative solutions that helped the Key Technology & Operations (KTO) group within KeyCorp to enhance product development and utility as well as business agility and speed-to-market.
"It is a great honor for Cognizant to have been named Technology Vendor of the Year by KeyCorp," said Francisco D'Souza, President and CEO, Cognizant. "We are strongly committed to leveraging our deep understanding of the banking and financial services industry and continuously investing in innovation and delivery excellence to make a real difference in the way Key delivers financial services. We believe that our single-minded passion to build stronger businesses by dedicating our global resources, systems expertise and vertical industry intelligence has helped us provide superior solutions to Key. We are extremely pleased with our team's performance and look forward to growing our relationship with KeyCorp."
In making the award, Key noted that Cognizant was highly responsive and flexible in meeting KTO's business requirements and enhancing business velocity, creating an effective partnership that is delivering a rich array of products and services more efficiently, as well as providing Key employees with vital support
Cognizant has been a KeyCorp strategic partner since 2005 and has been involved in several strategic transformation programs.
About KeyCorp
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $101 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit https://www.key.com/.
About Cognizant
Cognizant is a leading provider of information technology, consulting and business process outsourcing services. Cognizant's single- minded passion is to dedicate our global technology and innovation know-how, our industry expertise and worldwide resources to working together with clients to make their businesses stronger. With more than 40 global delivery centers and 58,000 employees as of March 31, 2008, we combine a unique onsite/offshore delivery model infused by a distinct culture of customer satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index, Cognizant is a Forbes Global 2000 company and a member of the Fortune 1000 and is ranked among the top information technology companies in BusinessWeek's Info Tech 100, Hot Growth and Top 50 Performers listings. Visit us online at http://www.cognizant.com/.
This press release includes statements which may constitute forward- looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Cognizant
CONTACT: Alan Alper, Corporate Marketing and Communications, Cognizant,
+1-201-673-8379, alan.alper@cognizant.com
Web site: http://www.cognizant.com/
http://www.key.com/
XsunX Thin Film Solar Module Manufacturing Facility Update
ALISO VIEJO, Calif., June 26 /PRNewswire-FirstCall/ -- XsunX, Inc. (BULLETIN BOARD: XSNX) , a solar technology Company engaged in the build-out of its multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facilities, announced today that the manufacturing facility in Portland, Oregon is ready for inspection. The current tenants notified XsunX that demolition is ahead of schedule by 3 weeks and a walk through is scheduled for the week of July 7th. XsunX will as a result take possession of the manufacturing facility at least 2 weeks ahead of schedule.
The company recently released a detailed mid-year update on business development and the multi-megawatt thin film solar module factory initiative. For any shareholders that may have missed this report you can access it at either the company or U.S. Securities Exchange Commission (SEC) website:
XsunX Web site: http://www.xsunx.com/
SEC Website: http://www.sec.gov/Archives/edgar/data/1039466/ 000114420408036498/v118104_8k.htm (Due to the long URL, copy and paste link into browser.)
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
XsunX, Inc.
CONTACT: Investor Relations, XsunX, Inc., +1-888-797-4527
Web site: http://www.xsunx.com/
Valley Forge Composite Technologies, Inc. Announces Recent Developments with its Operating Subsidiaries
COVINGTON, Ky., June 26 /PRNewswire-FirstCall/ -- Valley Forge Composite Technologies, Inc. (BULLETIN BOARD: VLYF) announced today recent developments with its operating subsidiaries.
Valley Forge Imaging Systems Inc.'s next-generation advanced Personnel Detection System, ODIN, was validated in March and passed or exceeded ANSI standards. The machines are suitable for virtually any location requiring the screening of people entering the facility and are immediately available for placement in locations worldwide. Valley Forge is presently negotiating with several foreign airports for the placement of multiple ODIN machines.
Valley Forge Detection Systems Inc.'s advanced Explosives Detection System, THOR, is in the final stages of development. Valley Forge recently attended a meeting with a division of the US Army about the development of an IED detection system. The company also has begun negotiations with various foreign governments for the sale and placement of THOR systems. Analysis and feasibility studies are being done, to determine locations suitable for THOR. Expected markets include airports, seaports, cargo terminals and border crossings.
The Lawrence Livermore National Laboratory, partners with Valley Forge on the developmental end of THOR, stated on page 17 of their 2005 annual report, "...In one such project, the laboratory is working with the Lebedev Physical Institute and Valley Forge Composite Technologies, Inc. on an accelerator-based device to detect hidden explosives in luggage and cargo. The explosives-detection system is based on a small-scale electron accelerator developed by Lebedev. The potential market for this technology is huge; the US market demand alone is approximately $2 billion dollars a year for hardware and $2.5 billion for maintenance and support services."
The annual report can be accessed here: http://vlyf.tv/pdf/LLNL_2005_ANNUAL_REPORT.pdf , see page 17 for discussion of Valley Forge.
Bill H.R. 1 Becomes Law - Positively Impacts Valley Forge Imaging Systems and Valley Forge Detection Systems
On August 3, 2007, the United States enacted into law, Bill H.R. 1 and Congress made the following findings: 182 public transportation systems throughout the world have been primary targets of terrorist attacks; more than 6,000 public transportation agencies operate in the United States; people use public transportation vehicles 33,000,000 times each day; the Federal Transit Administration has invested $93,800,000,000 since 1992 for construction and improvements; the Federal investment in transit security has been insufficient; and greater Federal investment in transit security improvements per passenger boarding is necessary to better protect the American people, given transit's vital importance in creating mobility and promoting our Nation's economy.
The new law also mandates that within 5 years any container loaded on a vessel in a foreign port shall not enter the United States unless the container was scanned by non-intrusive imaging equipment and radiation detection equipment at the foreign port before it was loaded on the vessel. The law also mandates that not later than 3 years after the date of enactment, the Secretary of Homeland Security shall establish a system to screen 100 percent of cargo transported on passenger aircraft operated by an air carrier or foreign air carrier in air transportation or intrastate air transportation to ensure the security of all such passenger aircraft carrying cargo. The full text of HR1 can be found here: http://www.govtrack.us/congress/bill.xpd?bill=h110-1
Valley Forge Aerospace continues to supply aerospace giants such as NASA and Northrop-Grumman with their line of light-weight, unique space instruments. Valley Forge is providing specialized, prototype Attitude Control Instruments to NASA's precise engineering specifications, and has extensive experience in the satellite momentum wheel and bearing fields. Valley Forge's composite rotor is lighter, more stable, and less expensive than metal rotors currently in use, so much so that Valley Forge received the NASA's Director's Award for their Composite Rotor and Space Bearings.
Valley Forge Emerging Technologies continues to closely monitor the marketplace for opportunities to adapt their current and other technologies to new products.
More information about Valley Forge Composite Technologies, Inc., its subsidiaries, and its systems can be found at http://www.vlyf.com/. Demonstration and Industry related videos can be found here: http://www.vlyf.tv/ .
Forward Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. Statements in this press release that relate to Valley Forge Composite Technologies, Inc.'s future plans, objectives, expectations, performance, events, reports made by others, and the like, including a statement about the assumptions underlying a forward-looking statement, are forward-looking statements protected by the safe harbor. Investors should understand that future events, risks and uncertainties, individually or in the aggregate, are factors that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. These factors could include changes in economic conditions or government policies that may change the demand for the Company's products and services and could include other factors discussed in the sections of the Company's report on Form 10-KSB for the year ended December 31, 2006 as filed with the U.S. Securities and Exchange Commission, entitled "Description of Business" or "Management's Discussion and Analysis or Plan of Operation." This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. Valley Forge Composite Technologies, Inc. uses paid services of investor relations organizations to promote the Company to the investment community. Investments in the Company should be considered speculative, and, prior to acquisition, should be thoroughly researched. Valley Forge Composite Technologies, Inc. does not intend to update these forward-looking statements prior to its reporting of its quarterly or annual results.
Contact Information:
Katie Robertson, Investor Relations
Valley Forge Composite Technologies, Inc.
50 E. River Center Blvd. Suite 820
Covington, KY 41011
Tel. 859-581-5111
Fax 859-581-5116
or info@vlyf.com
Valley Forge Composite Technologies, Inc.
CONTACT: Katie Robertson, Investor Relations, of Valley Forge Composite
Technologies, Inc., +1-859-581-5111, or Fax +1-859-581-5116, info@vlyf.com
Web site: http://www.vfct.com/
http://www.vlyf.tv/
BluePhoenix Solutions to Present at Collins Stewart Fourth Annual Growth Conference on July 8, 2008Presentation Slated for 4:30 PM ET
HERZLIYA, Israel, June 26 /PRNewswire-FirstCall/ -- BluePhoenix Solutions , the leader in value-driven legacy modernization, today announced that Arik Kilman, CEO will present at the Collins Stewart Fourth Annual Growth Conference at the Mandarin Oriental Hotel, New York City. BluePhoenix' presentation is scheduled for 4:30 PM ET, Tuesday, July 8, 2008.
The presentation is designed to provide conference attendees, institutional investors and analysts with a broad overview of the Company's legacy modernization solutions and the opportunities for the Company going forward. BluePhoenix enables its customers to migrate from outdated IT platforms to current ones, typically providing higher efficiency and reducing total cost of IT ownership. The presentation will discuss the Company's proven track record as leaders in the modernization arena. It will also include a financial review and emphasize the company's long-term outlook and growth strategy.
A webcast of the presentation will be available at http://www.wsw.com/webcast/clst/bphx/ and will be archived for at least 30 days following the presentation.
About Collins Stewart plc
Collins Stewart plc is a leading independent investment banking group with offices in 12 geographies worldwide including; London, New York, Jersey, Guernsey, Isle of Man, Dublin, Paris, Geneva, Singapore, Tel Aviv, Mumbai and Tokyo. With over 700 employees, the Group is organized around four operational divisions; advisory, capital markets, securities and wealth management. All are serviced by Collins Stewart's unique research tool, Quest. Collins Stewart is the top fundraiser on London's Alternative Investment Market (AIM), raising GBP1.3 billion in 2007. The Group's Wealth Management division manages and advises in excess of GBP4 billion of assets and is the largest investment manager and stockbroker in the Channel Islands. Through its advisory division, Collins Stewart is one of the leading independent corporate finance firms in Europe. For more information, visit http://www.collinsstewart.com/
About BluePhoenix Solutions
BluePhoenix Solutions is a leading provider of value-driven modernization solutions for legacy information systems. BluePhoenix offerings include a comprehensive suite of tools and services from global IT asset assessment and impact analysis to automated database and application migration, re-hosting, and renewal. Leveraging over 20 years of best-practice domain expertise, BluePhoenix works closely with its customers to ascertain which assets should be migrated, redeveloped, or wrapped for reuse as services or business processes, to protect and increase the value of their business applications and legacy systems with minimized risk and downtime.
BluePhoenix provides modernization solutions to companies from diverse industries and vertical markets such as automotive, banking and financial services, insurance, manufacturing, and retail. Among its prestigious customers are: Aflac, CareFirst, Citigroup, Danish Commerce and Companies Agency, Desjardins, Los Angeles County Employees Retirement Association, Merrill Lynch, Rabobank, Rural Servicios Informaticos, SDC Udvikling, TEMENOS, Toyota and Volvofinans. BluePhoenix has 15 offices in the USA, UK, Denmark, Germany, Italy, France, The Netherlands, Romania, Russia, Cyprus, South Korea, Australia, and Israel.
SAFE HARBOR: Certain statements contained in this release may be deemed forward-looking statements, with respect to plans, projections, or future performance of the Company, the occurrence of which involves certain risks and uncertainties that could cause actual plans to differ materially from these statements. These risks and uncertainties include but are not limited to: market demand for the Company's tools, successful implementation of the Company's tools, competitive factors, the ability to manage the Company's growth, the ability to recruit and retrain additional software personnel, and the ability to develop new business lines. This press release is also available at http://www.bphx.com/. All names and trademarks are their owners' property.
Company Contact Investor Contact
Varda Sagiv Peter Seltzberg
BluePhoenix Solutions Hayden Communications
+972-9952-6100 +1-(646)-415-8972
vsagiv@bphx.com peter@haydenir.com
Financial Media Contact
Jeffrey Stanlis
Hayden Communications
+1-(602)-476-1821
jeff@haydenir.com
BluePhoenix Solutions Ltd
CONTACT: Company Contact: Varda Sagiv, BluePhoenix Solutions,
+972-9952-6100, vsagiv@bphx.com; Investor Contact: Peter Seltzberg, Hayden
Communications, +1-(646)-415-8972, peter@haydenir.com; Financial Media
Contact: Jeffrey Stanlis, Hayden Communications, +1-(602)-476-1821,
jeff@haydenir.com
Cypress Incorporates Denali Blueprint for CSR Automation ManagementNew Methodology Speeds Hardware and Software Design and IP Reusability
SUNNYVALE, Calif., June 26 /PRNewswire/ -- Denali Software, Inc., a world-leading provider of electronic design automation (EDA) software and intellectual property (IP), today announced it has licensed its Blueprint(TM) product to Cypress Semiconductor Corp. , for use in developing their PSoC(R) devices. Cypress' hardware and software designers have deployed SystemRDL as a single source for register descriptions and are leveraging the Blueprint Compiler's extensive generators to create and automate a variety of register views used in their development process. This single-source automated synchronization results in pre-silicon validation, architectural quality, and an increase in productivity.
"Today's design teams are looking for methods to manage changes between the chip specifications and all the implementations used throughout the design and verification process," states Jennifer Sirrine, senior design engineering manager at Cypress Semiconductor. "Our engineering teams wanted a single source for control register descriptions, and by using the industry-standard SystemRDL and Blueprint, have realized reduced integration time enabling us to meet our design requirements. Denali's Blueprint provides Cypress with an integral and reliable platform solution for SoC design."
Cypress PSoC devices employ a highly configurable system-on-chip architecture for embedded control design, offering a flash-based equivalent of a field-programmable ASIC without lead-time or NRE penalties. PSoC devices integrate configurable analog and digital circuits, controlled by an on-chip microcontroller, providing both enhanced design revision capability and component count savings. They include up to 32 Kbytes of Flash memory, 2 Kbytes of SRAM, an 8x8 multiplier with 32-bit accumulator, power and sleep monitoring circuits, and hardware I2C communications. For more of PSoC information, visit: http://www.cypress.com/.
"Denali understands the challenges facing design teams today. The control register content has exploded in modern SoC's with numbers of control registers often exceeding 10,000 instances," states Sean Smith, director of Field Applications and product manager for Blueprint at Denali Software. "Our customers, such as Cypress, can utilize SystemRDL to specify all the control register content and act as a single source of information, and then with Blueprint Compiler, generate all control registers and related content such as documentation, RTL implementations, and verification test cases. Due to this automated synchronization, Blueprint results in increased chip design productivity and speeds IP reuse."
About Denali Blueprint
Denali Blueprint, now part of PureView(TM) and MMAV(TM) 2008, is a SystemRDL compiler that enables a system-level approach to automating specification, view generation, and management of control registers for IP and SoC design. Blueprint will generate necessary outputs and views for design, verification, documentation, software development, post silicon debug and even enables early software development with SystemC(TM) Transaction Level Models. Blueprint guarantees interoperability with other EDA tools by inputting and outputting IP-XACT and SystemRDL formats. For more information about Blueprint and its architectural benefits, visit: http://www.denali.com/blueprint.
About Denali Software
Denali Software, Inc., is a world-leading provider of electronic design automation (EDA) software and intellectual property (IP) for system-on-chip (SoC) design and verification. Denali delivers the industry's most trusted solutions for deploying PCI Express, NAND Flash and DDR DRAM subsystems. Developers use Denali's EDA, IP and services to reduce risk and speed time-to-market for electronic system and chip design. Denali is headquartered in Sunnyvale, California and has offices around the world to serve the global electronics industry. More information about Denali, its products and services is available at http://www.denali.com/.
Denali and Denali Software are registered trademarks of Denali Software, Inc. Blueprint, MMAV, and PureView are trademarks of Denali Software, Inc. All other trademarks are of their respective owners.
Editorial contact:
Pierre Golde
Denali Software, Inc.
(408) 743-4262
pgolde@denali.com
Denali Software, Inc.
CONTACT: Pierre Golde of Denali Software, Inc., +1-408-743-4262,
pgolde@denali.com
Web site: http://www.denali.com/
KeyCorp Selects Cognizant as the Technology Vendor of the Year
TEANECK, New Jersey, June 26 /PRNewswire/ --
- Cognizant chosen for its vital customer support, flexible and reliable
partnership and innovative solutions that helped enhance KeyCorp's products
and services
Cognizant (Nasdaq: CTSH), a leading provider of global consulting,
technology and business process services, today announced that KeyCorp, one
of the largest bank-based financial services companies in the US, has
selected it as The Technology Vendor Of The Year 2007 for Enterprise
Technology Development from among its 30 strategic vendors.
The KeyCorp Technology Vendor Awards recognize the outstanding efforts of
the company's top technology vendors on the counts of agility, quality,
creativity, cost control, capability improvement, high performance and
availability, business transformation and innovation. The company measures
these results using its balanced scorecard process started in 1998 and honors
vendors that consistently score the highest.
Cognizant was chosen for this award for providing innovative solutions
that helped the Key Technology & Operations (KTO) group within KeyCorp to
enhance product development and utility as well as business agility and
speed-to-market.
"It is a great honor for Cognizant to have been named Technology Vendor
of the Year by KeyCorp," said Francisco D'Souza, President and CEO,
Cognizant. "We are strongly committed to leveraging our deep understanding of
the banking and financial services industry and continuously investing in
innovation and delivery excellence to make a real difference in the way Key
delivers financial services. We believe that our single-minded passion to
build stronger businesses by dedicating our global resources, systems
expertise and vertical industry intelligence has helped us provide superior
solutions to Key. We are extremely pleased with our team's performance and
look forward to growing our relationship with KeyCorp."
In making the award, Key noted that Cognizant was highly responsive and
flexible in meeting KTO's business requirements and enhancing business
velocity, creating an effective partnership that is delivering a rich array
of products and services more efficiently, as well as providing Key employees
with vital support
Cognizant has been a KeyCorp strategic partner since 2005 and has been
involved in several strategic transformation programs.
About KeyCorp
Cleveland-based KeyCorp is one of the nation's largest bank-based
financial services companies, with assets of approximately US$101 billion.
Key companies provide investment management, retail and commercial banking,
consumer finance, and investment banking products and services to individuals
and companies throughout the United States and, for certain businesses,
internationally. For more information, visit https://www.key.com.
About Cognizant
Cognizant (Nasdaq: CTSH) is a leading provider of information technology,
consulting and business process outsourcing services. Cognizant's
single-minded passion is to dedicate our global technology and innovation
know-how, our industry expertise and worldwide resources to working together
with clients to make their businesses stronger. With more than 40 global
delivery centers and 58,000 employees as of March 31, 2008, we combine a
unique onsite/offshore delivery model infused by a distinct culture of
customer satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index,
Cognizant is a Forbes Global 2000 company and a member of the Fortune 1000
and is ranked among the top information technology companies in
BusinessWeek's Info Tech 100, Hot Growth and Top 50 Performers listings.
Visit us online at www.cognizant.com.
This press release includes statements which may constitute
forward-looking statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, the accuracy of which are
necessarily subject to risks, uncertainties, and assumptions as to future
events that may not prove to be accurate. Factors that could cause actual
results to differ materially from those expressed or implied include general
economic conditions and the factors discussed in our most recent Form 10-K
and other filings with the Securities and Exchange Commission. Cognizant
undertakes no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or otherwise.
Web site: http://www.cognizant.com
http://www.key.com
Cognizant
Alan Alper, Corporate Marketing and Communications, Cognizant, +1-201-673-8379, alan.alper@cognizant.com
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