Roz Savage Continues Her Quest to Become First Woman to Row Solo Across the Pacific...
NLOS-LS Team Completes First Phase of Precision Attack Missile Testing
WHITE SANDS MISSILE RANGE, N.M., July 30, 2008 /PRNewswire/ -- NetFires LLC, a joint venture between Raytheon Company's Missile Systems and Lockheed Martin Missiles and Fire Control, successfully launched another Non Line-of-Sight-Launch System Precision Attack Missile (PAM) July 22.
"The success of Control Test Vehicle-2, CTV-3 and CTV-4 allows us to conclude the first phase of controlled test flights," said Scott Speet, executive vice president of NetFires LLC and Raytheon's NLOS-LS program director. "NLOS-LS is now ready to begin the guided flight test phase in September."
To prove the missile's stability during flight, the test stressed the airframe to its limits using high-gravitational force maneuvers. The PAM joined the network after launch and operated as a node on the net throughout the flight using its onboard radio.
"The success of CTV-4 demonstrates the robustness of the PAM, which is designed to meet the warfighter's needs," said Col. Doug Dever, the U.S. Army's NLOS-LS project manager. "This advanced weapon system gives the commander a platform-independent system solution that provides organic, precision indirect fire support to the brigade combat team."
Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 86 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.
Note to Editors:
The NLOS-LS is one of the 14 Future Combat Systems core systems. As part of the FCS systems-of-systems, the NLOS-LS will meet the requirements of the Army's future brigade combat teams by providing increased capability for the current force's modular BCT.
NLOS-LS provides the brigade commander immediate, precise and responsive fires on high-payoff targets with real-time target acquisition and battle effects. It is also one of the key littoral combat ship mission modules.
Compared to systems with equivalent firepower, the NLOS-LS provides a modular, persistent, responsive, networked and rapidly deployable precision-strike capability against moving and stationary targets.
Contacts:
Lockheed Martin Raytheon
Craig Vanbebber Heather Uberuaga
972.603.1615 520.665.5594
Raytheon Company
CONTACT: Craig Vanbebber of Lockheed Martin, +1-972-603-1615; or Heather
Uberuaga of Raytheon, +1-520-665-5594
Web site: http://www.raytheon.com/
Presentation by Motorola Senior Vice President John Burke at RBC Capital Markets Technology, Media and Communications Conference
SCHAUMBURG, Ill., July 30 /PRNewswire-FirstCall/ -- A presentation by Motorola, Inc. senior vice president and general manager for Broadband Home Solutions, John Burke, is scheduled to be webcast over the Internet on Wednesday, 6 August 2008. A division within Motorola's Home & Networks Mobility Segment, the Broadband Home Solutions product group is an end-to-end portfolio of video systems and devices and voice and data solutions that enables service providers to deliver rich, personalized content to consumers.
The presentation at the RBC Capital Markets Technology, Media and Communications Conference at the Four Seasons Hotel in San Francisco will begin at approximately 8:30 a.m. Pacific Time, U.S.A. It will also be available through Motorola's investor relations website at http://www.motorola.com/investor.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
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Motorola, Inc.
CONTACT: Media, Jennifer Erickson, +1-847-435-5320,
jennifer.erickson@motorola.com, or Investors, Dean Lindroth, +1-847-576-6899,
dean.lindroth@motorola.com, both of Motorola, Inc.
Web site: http://www.motorola.com/
Leading Industry Analyst Firm Positions NetSuite in Visionaries Quadrant in 2008 Ecommerce Magic QuadrantEvaluation Based on Completeness of Vision and Ability to Execute
SAN MATEO, Calif., July 30 /PRNewswire-FirstCall/ -- NetSuite Inc. , a leading vendor of on-demand, integrated business management software suites for the mid-market enterprise and divisions of large companies, today announced that it has been positioned by Gartner, Inc. in the visionaries quadrant of the 'Magic Quadrant for E-Commerce' report (ID Number: G00158635) published on July 18, 2008 and authored by Gene Alvarez. NetSuite Ecommerce offers etailers one system to run their core ecommerce operations from online marketing, customer service, Web analytics to shopping cart, shipping and inventory management. For more information about NetSuite Ecommerce, please visit http://www.netsuite.com/ecommerce.
(Logo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO)
According to Gartner: "Visionaries are vendors that represent an innovative, market-leading and forward-thinking or disruptive approach to e-commerce. However, because of this, they also exhibit a smaller market share. New entrants with exceptional technology may appear in this quadrant early, after their general availability release; typically, however, unique or exceptional technology will emerge in this quadrant after several quarters of general availability."
"This quadrant is often populated by new entrants that have new architectures and functionality, or deployment models such as SaaS that haven't garnered a large portion of the market. However, established technology providers that offer new functionality that isn't found in any other provider's offerings also can be in this quadrant."
"Providers that can meet customer's production requirements, and general availability of at least one year, indicates that they must be more than a startup with a good idea. Technology providers in this quadrant must demonstrate customers in production, proving the value of the new functionality and architecture. Frequently, visionaries will drive leaders toward new concepts and engineering enhancements."
"We believe that our positioning in the visionaries quadrant by Gartner confirms that NetSuite demonstrates the future of ecommerce," said Mini Peiris, VP of Product Marketing at NetSuite. "NetSuite Ecommerce offers etailers a comprehensive system to run their core business operations rather than struggle with integrating a shopping cart with multiple systems that span Web analytics, online marketing, customer self-service, inventory management, complex pricing, product catalog and shipping integration to get a complete view. NetSuite allows etailers to focus on serving their shoppers and leverage new emerging trends in ecommerce rather than worrying about their systems."
Thousands of companies around the globe have standardized their ecommerce operations on NetSuite for their core business operations -- from orders and fulfillment, to inventory and warehouse management, to Google Keyword, purchase tracking and search engine optimization, to email marketing campaigns and multi-channel selling. Additionally, NetSuite gives mid-sized companies a customizable solution for managing complex ecommerce sites for global organizations with multiple companies, subsidiaries and currencies, and with multiple websites. NetSuite's depth of advanced capabilities in business process customization helps larger, more complex businesses meet their industry-specific requirements. Other ecommerce features NetSuite offers include unique shopping cart conversion tools -- reporting on what items were abandoned by each shopper, and sending email marketing campaigns to those shoppers; innovative up-sell tools (Up-sell Manager); and enhanced shopping cart flow (PayPal Express Checkout), pictures in cart, displaying shipping rates prior to checkout, and multi-language capabilities.
One example of a company growing successfully with NetSuite for Ecommerce is Tsar Nicoulai Caviar (http://www.tsarnicoulai.com/) - a pioneer in domestic sturgeon farming that has developed an innovative and sustainable approach to produce caviar using tank-farming techniques. For more details on Tsar Nicoulai Caviar and how NetSuite is helping them grow their business, see the accompanying press release.
About the Magic Quadrant (Disclaimer Required)
The Magic Quadrant is copyrighted 2008 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
For more information about NetSuite Inc., please visit http://www.netsuite.com/.
NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.
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NetSuite Inc.
CONTACT: Mei Li of NetSuite Inc., +1-650-627-1063, meili@netsuite.com
Web site: http://www.netsuite.com/
Caviar Leader Hatches Ecommerce and Business Management with NetSuite
SAN MATEO, Calif., July 30 /PRNewswire-FirstCall/ -- NetSuite Inc. , a leading vendor of on-demand, integrated business management software suites for the mid-market enterprise and divisions of large companies, announced today that Tsar Nicoulai Caviar, a world leader in farmed sturgeon caviar - grown in the U.S.A. - is using NetSuite's on-demand business management suite, including ecommerce shopping cart, order management, customer relationship management (including sales and marketing), accounting / finance operations and inventory management to improve its business. For more information about this story please visit http://www.netsuite.com/caviar.
(Logo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO)
As a pioneer in domestic sturgeon farming, Tsar Nicoulai Caviar has developed an innovative and sustainable approach to producing caviar - using tank-farming techniques to provide an abundant supply of this fine dining delicacy. Since 2004, Tsar Nicoulai has been operating in California, instead of the traditional caviar hotspot, the Caspian Sea. What the growing company really needed was a better way to manage its unique business. For one, selling caviar can be trickier than selling other items: caviar is a perishable product and therefore has to be watched closely with careful inventory management, especially if sold via an ecommerce shopping cart. Sales forecasts have to be extremely accurate; order management needs to be flawless; and customer service has to be impeccable.
Tsar Nicoulai's small staff required efficiency to process orders from its retail and Web stores quickly and accurately. But a combination of Peachtree and Goldmine wasn't keeping pace. Tsar Nicoulai had to upgrade Peachtree several times, still encountering limitations in its functions and features. It was tedious work and opened the door to mistakes. What the company needed was a powerful, integrated system that would track what and when people were ordering, and would let sales reps know when to call them and keep them aware of what the company had to offer, as well as improve visibility across their inventory management.
NetSuite offered Tsar Nicoulai a complete ecommerce, customer relationship management and accounting software suite, and gave the company room to grow down the road. By allowing Tsar Nicoulai to incorporate accounting, inventory management, sales, an ecommerce shopping cart, order management and customer service in one Web-based system, NetSuite provided easy access to the information from any of its four facilities. The company now provides its customers with excellent, efficient customer service and streamlined order management.
"NetSuite was a lot more cost-effective than other platforms, which is important for a growing company like ours," said Mats Engstrom, CEO and Co-owner of Tsar Nicoulai Caviar. "But the real beauty of NetSuite is that it gives us total access to the information we need to grow our business. I don't know how we would manage without NetSuite."
With NetSuite, Tsar Nicoulai is able to better track its inventory; manage ecommerce business operations; forecast sales; plan marketing and manufacturing strategies; and keep a sharper eye not just on how its business is faring, but where it is going. In addition, Tsar Nicoulai executives now have access to complex business information - on sales, customers, and products - at their fingertips to improve forecasting, inventory management, and marketing efforts. As a result, Tsar Nicoulai customers see shorter call times and the company is experiencing higher customer satisfaction - without higher costs.
"Caviar is a unique product, and the challenges in making and selling it are unique as well," said Engstrom. "It takes a special program to cope with all that, and fortunately, we've found it in NetSuite."
About Tsar Nicoulai Caviar Company
As world pioneers of farming sturgeon for caviar, Tsar Nicoulai Caviar provides a quality caviar that rivals the traditional imported varieties. By offering an alternative to the caviar harvested from wild sturgeon, Tsar Nicoulai can alleviate the demand for imported caviars, thereby ensuring an abundant and consistent supply of caviar from around the world for generations to come. Equally important for the company, and for the survival of wild sturgeon to save them from extinction by over-fishing, is to educate its consumers on the importance of choosing sustainable caviar. Tsar Nicoulai is already seeing how top chefs and gourmet aficionados are switching their loyalty from Caspian caviar to California farmed sturgeon caviar, thus embracing and supporting this crucial movement. The more successful it is in educating its consumers, the more Tsar Nicoulai can help change the paradigm for how America's professional and amateur chefs perceive and eat caviar. For more information about Tsar Nicoulai Caviar Company, please visit http://www.tsarnicoulai.com/.
For more information about NetSuite, please visit http://www.netsuite.com/.
NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.
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NetSuite Inc.
CONTACT: Mei Li of NetSuite Inc., +1-650-627-1063, meili@netsuite.com
Web site: http://www.netsuite.com/
http://www.tsarnicoulai.com/
STMicroelectronics to Sponsor European Microelectronics and Packaging Conference & Exhibition 2009ST, one of the world leaders in semiconductors, to leverage knowledge and contacts to build high-value EMPC 2009 conference program in Rimini, Italy
GENEVA, July 30 /PRNewswire-FirstCall/ -- STMicroelectronics , one of the world's largest semiconductor manufacturers and a world leader in MEMS and power ICs, is to be the principal sponsor of EMPC 2009 (http://www.empc2009.org/), the 17th European Microelectronics And Packaging Conference & Exhibition. The company will work with the organizer, the Italian chapter of IMAPS (International Microelectronics and Packaging Society), and in collaboration with CPMT (IEEE Components Packaging and Manufacturing Technology society), to assemble a powerful and informative program. The conference and exhibition will take place in Rimini, Italy, next year, from June 15-18, 2009.
As part of the sponsor agreement, ST will be inviting certain key clients to participate at the plenary sessions of the events as well as contributing articles to the general sessions. The company will also be inviting other key technology partners such as research institutions and subcontract suppliers to contribute.
"ST is proud to be the principal sponsor of EMPC 2009, the forum for leading specialists to discuss the most important future trends and techniques in materials and packaging," said Carlo Cognetti, Director, Corporate Packaging & Automation, STMicroelectronics, and ST's representative on the EMPC 2009 steering committee. "We intend to play an active role in assisting the IMAPS team to assemble a hard-hitting conference program, which will deliver ample value for industry experts travelling to the event from around the world."
A first call for papers has been issued, and speakers will also be able to register for the conference at a reduced fee. Papers are invited on cutting-edge packaging technology, in areas such as MEMS, power devices, photovoltaics, nanotechnologies, advanced materials, and modeling and characterization. The call for papers, including a full list of the subject areas to be covered, can be downloaded from the event website at http://www.empc2009.org/.
The associated exhibition will be an opportunity for packaging equipment manufactures and materials suppliers to the microelectronics industry to demonstrate the latest advances. Exhibitors will include suppliers of materials, equipment or components, service providers, manufacturers, research specialists and academic bodies. As an added benefit this year, close co-ordination between the conference program and the exhibition will provide ample time for conference delegates to visit the exhibition and discuss exhibitors' opinions.
The three-day conference and exhibition will be held from June 15-18, 2009 at Palacongressi in Rimini, and will be complemented by advanced professional courses as well as poster sessions.
About STMicroelectronics
STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2007, the Company's net revenues were $10 billion. Further information on ST can be found at http://www.st.com/.
STMicroelectronics
CONTACT: Michael Markowitz of STMicroelectronics, +1-212-821-8959,
michael.markowitz@st.com
Web site: http://www.st.com/
http://www.empc2009.org/
AT&T Joins Green Grid to Promote Data Center Energy EfficiencyCompany Also Assisting U.S. Environmental Protection Agency in Developing ENERGY STAR Rating for Data Centers
DALLAS, July 30 /PRNewswire-FirstCall/ -- AT&T Inc. today announced its affiliate AT&T Services Inc. has joined The Green Grid, the global consortium dedicated to advancing energy efficiency in data centers and business computing ecosystems. AT&T also announced it will supply data center performance information to assist the U.S. Environmental Protection Agency (EPA) in developing a new ENERGY STAR rating for data center infrastructure.
Membership in The Green Grid and participation in the ENERGY STAR data center initiative underscore AT&T's commitment to minimize the environmental impact of its operations and to work collaboratively with industry organizations and suppliers to identify optimal solutions and best practices.
"Managing the energy we use in an efficient way is crucial to staying competitive -- a commitment that begins in our corporate headquarters and extends throughout our global operations," said Chris Rice, executive vice president for Shared Services at AT&T. "Joining The Green Grid and collaborating with the EPA reflects this commitment, and we look forward to collaborating with our industry peers to promote more sustainable IT energy efficiency practices."
The Green Grid works to provide industrywide recommendations and best practices on metrics and technologies that will improve energy efficiency in data centers around the world. As a Contributor Member of The Green Grid, AT&T is taking an important role in cooperating with other leading companies to reduce energy consumption and related data center costs.
"The Green Grid is proud to welcome AT&T as a Contributor Member of the consortium," said Mark Monroe, a director of The Green Grid. "AT&T brings a breadth of knowledge and experience in the field of communications. The Green Grid is looking forward to collaborating with AT&T and leveraging its expertise to help further the organization's mission."
In an effort to further improve energy efficiency in the data center industry, the EPA is developing an ENERGY STAR Data Center Infrastructure Rating. This new rating will help data center operators assess the energy performance of their buildings' infrastructure and identify buildings with the greatest opportunity for improvement, allowing them to capture the financial and environmental benefits of improved energy efficiency in their facilities. The initiative will ultimately enable data center facilities to earn ENERGY STAR certification for superior energy efficiency. To assist in the development of this rating, AT&T has committed to monitoring select company data centers and submit energy data to the EPA during the next 12 months.
"EPA is very pleased to have AT&T's support for the development of the ENERGY STAR rating for data center infrastructure," said Mike Zatz, manager of EPA's ENERGY STAR Commercial Buildings Program. "It is only with the active involvement of industry leaders like AT&T that EPA will be able to provide the data center industry with the information it needs to most effectively improve the energy efficiency of these critical facilities."
AT&T continually strives to improve its own data center operations through five strategies, with industry collaboration being one important area:
-- Consolidation: Understanding that data centers have very clear scale
economies, AT&T works to close smaller and less efficient data
centers.
-- Optimization: AT&T works to improve the use and efficiency of
resources in its data centers, including cooling, power, space,
processors and storage.
-- Application rationalization: AT&T works to unify business
applications and eliminate redundant solutions whenever practical.
-- Supplier/partner integration: AT&T works to integrate its suppliers
and partners into the company's energy conservation initiative
process.
-- Industry/government collaboration: AT&T participates in forums,
committees and commissions to further identify, understand and
promote the adoption of best practices and innovation.
"Data center electricity use has been growing rapidly in recent years, roughly doubling from 2000 to 2005," said Jonathan Koomey, Ph.D., staff scientist, Lawrence Berkeley National Laboratories and consulting professor, Stanford University. "There's significant potential for improving energy efficiency in those facilities, and many large companies are starting to make the institutional and technological changes needed to capture that efficiency. In this case, businesses can save money and reduce pollution at the same time."
Through its participation in The Green Grid and the ENERGY STAR data center initiative, AT&T is expanding the company's active involvement in working with the industry to find solutions for improved energy efficiency. Rice currently serves as chairman of the board of the Alliance for Telecommunication Industry Solutions (ATIS), a technical planning and standards development organization that works to develop and promote technical and operations standards for the communications and related information technologies industries worldwide. As a chair of the ATIS Network Interface, Power and Protection-Telecommunications Energy Efficiency (NIPP-TEE) subcommittee, AT&T is helping develop industry standards for measuring and stating energy efficiency of telecommunications network equipment.
"AT&T works with industry bodies, such as ATIS, so that both the suppliers and users of telecommunications equipment can coalesce around a widely accepted approach to measuring and improving energy efficiency," Rice said. "In the end, this approach can deliver lower-cost solutions and broader benefits for all key stakeholders across our entire industry."
AT&T works to enhance energy performance and minimize energy consumption in company buildings, IT systems and networks, and the company is evaluating alternative energy sources such as wind and solar power. The company conserves natural resources through waste reduction and recovery and recycling efforts, helping its customers do the same. AT&T also helps customers further manage their own environmental impact through intelligent use of AT&T products and services, such as teleconferencing, video conferencing and other broadband applications.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
About ENERGY STAR
ENERGY STAR was introduced by the U.S. Environmental Protection Agency in 1992 as a voluntary market-based partnership to reduce greenhouse gas emissions through increased energy efficiency. Today, ENERGY STAR offers businesses and consumers energy-efficient solutions to save energy, money and help protect the environment for future generations. More than 12,000 organizations are ENERGY STAR partners committed to improving the energy efficiency of products, homes, buildings and businesses. Last year alone, Americans with the help of ENERGY STAR, saved $16 billion on their energy bills and reduced greenhouse gas emissions the equivalent to those of 27 million cars. For more information, visit http://www.energystar.gov/ or call toll-free 1-888-STAR-YES (1-888-782-7937).
About ATIS
ATIS is a technical planning and standards development organization that is committed to rapidly developing and promoting technical and operations standards for the communications and related information technologies industry worldwide using a pragmatic, flexible and open approach. Participants from more than 300 communications companies are active in ATIS' 22 industry committees and Incubator Solutions Programs. For more information, please visit: http://www.atis.org/.
AT&T Inc.
CONTACT: Lauren Craig of AT&T, +1-608-497-1616, lcraig@attnews.us
Web site: http://www.att.com/
http://www.energystar.gov/
http://www.atis.org/
Global Payments Asia-Pacific Expands Its Joint Venture with HSBC to the Philippines
ATLANTA and HONG KONG, July 30 /PRNewswire-FirstCall/ -- Global Payments Inc. , a leading provider of electronic payment processing solutions, announced today that its joint venture with The Hongkong and Shanghai Banking Corporation Limited ("HSBC") will expand to provide payment processing services to merchants in the Philippines. The Philippines will also be included in the current ten-year marketing alliance agreement, in which HSBC refers new merchant customers exclusively to the joint venture for payment processing services.
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The Hongkong and Shanghai Banking Corporation is the founding member of the HSBC Group, one of the largest financial services institutions in the world, with assets of approximately US$2.4 trillion and over 10,000 offices in 83 countries and territories, as of December 31, 2007.
"We are thrilled that HSBC has agreed to expand our joint venture into the Philippines," said Global Payments' President of Worldwide Processing, Carl Williams. "We continue to execute on our commitment to aggressively grow the payment processing market in the Asia-Pacific region. This acquisition underlines the success the joint venture has already experienced in the two short years since we combined our strengths across the ten countries and territories of Brunei, the Hong Kong SAR (Special Administrative Region), India, the Macau SAR, mainland China, Malaysia, Maldives, Singapore, Sri Lanka and Taiwan," Williams continued.
Mark Watkinson, president and CEO of HSBC in the Philippines said, "We are pleased to build on the worldwide relationship between HSBC and Global Payments. Our merchant customers will benefit from a wider range of card payment solutions and a sharpened focus on the development of this business. They will continue to enjoy the combined strengths of HSBC, with our strong brand and significant international footprint, and of Global Payments, with its technological expertise and operational scale. We believe this is a powerful combination."
"We are excited to add another country in the region to our existing joint venture relationship. We look forward to welcoming the customers and employees of HSBC Philippines and to leveraging our technological expertise to provide state-of-the-art products and services in the country," said Ian Courtnage, Managing Director for Global Payments Asia-Pacific.
Under the terms of the agreement, the merchant acquiring business of HSBC in the Philippines was valued at approximately $20 million based on current exchange rates. Global Payments' cash obligation for the acquisition will equate to its 56 per cent ownership interest in the joint venture, or approximately $11 million. The transaction is expected to be slightly accretive to Global Payments' diluted earning per share in the first year. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close during Global Payments' second quarter of Fiscal 2009.
Global Payments Inc. is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi- national corporations located throughout the United States, Canada, Latin America, Europe, the United Kingdom, and the Asia-Pacific region. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. The company also provides consumer money transfer services from the United States and Europe to destinations in Latin America, Morocco, and the Philippines. For more information about the company and its services, visit http://www.globalpaymentsinc.com/.
This announcement by Global Payments' may contain certain forward-looking statements within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including revenue and earnings estimates and management's expectations regarding future events and developments, are forward-looking statements and are subject to significant risks and uncertainties. Important factors that may cause actual events or results to differ materially from those anticipated by such forward-looking statements include the following: continued certification by credit card associations, foreign currency risks, competition and pricing, product demand, market and customer acceptance, development difficulties, the effect of economic conditions and consumer spending, security breaches or systems failures, costs of capital, changes in state, federal or foreign laws and increases in credit card association fees, utility or system interruptions, the ability to consummate and integrate acquisitions, and other risks detailed in the Company's SEC filings, including the most recently filed Form 10-Q or Form 10-K, as applicable. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.
Investor Relations Contact: Jane M. Elliott
770-829-8234 Voice
investor.relations@globalpay.com
Media Relations Contact: Phyllis McNeill
770 829-8245 Voice
phyllis.mcneill@globalpay.com
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Global Payments Inc.
CONTACT: Investor Relations Contact: Jane M. Elliott, +1-770-829-8234,
investor.relations@globalpay.com, or Media Relations Contact: Phyllis McNeill,
+1-770-829-8245, phyllis.mcneill@globalpay.com, both of Global Payments Inc.
Web site: http://www.globalpaymentsinc.com/
Seminole Tribe of Florida Installs Bally's Award-Winning TableView(TM) Table-Rating and Player-Tracking System for its Networked Floor of the Future(TM)Bally's technology deployed as Seminole Gaming properties become first casinos in Florida to offer Las Vegas-style table games
LAS VEGAS, July 30 /PRNewswire-FirstCall/ -- Bally Technologies, Inc. , a leader in slots, video machines, casino management systems, and networked solutions for the global gaming industry, today announced that the Seminole Tribe of Florida will implement Bally's TableView table-rating and player-tracking system at its six casinos in south Florida.
Bally's award-winning TableView allows Seminole casino staff to enter player ratings, request chip fills and credits, and issue customer comps and markers in real time.
The groundbreaking Seminole Tribe of Florida has already implemented the system on 70 tables at the Seminole Hard Rock Hotel & Casino in Hollywood, with plans to ultimately offer TableView on more than 400 tables across six Seminole properties.
Bally's TableView technology, which recently was recognized by Casino Journal as one of the top two 'Most Innovative Gaming Technology Products of 2007,' will seamlessly integrate with the Seminole's high-speed, Ethernet Networked Floor of the Future, which already includes Bally's comprehensive casino management system, bonusing technology, and iVIEW(TM) interactive player-centric network.
"We did an extensive evaluation of TableView and other vendors' technology prior to making a commitment to Bally," said Seminole Gaming Chief Operating Officer John James. "Our users unanimously agreed that TableView is far more user-friendly and is based on solid, current technology. And TableView is a perfect complement to our existing operations because it fully integrates with our Bally casino management system, protecting and enhancing the investment in technology that we've already made."
TableView will allow the Seminole Tribe to track table-game play in a paperless fashion and ensure that their table-game players get the same recognition and rewards as their slot players. The standalone application allows floor operations staff to use touch-screen devices to enter real-time player ratings, request chip fills and credits, open and close tables, issue player comps and markers, and change/roll the table shift. TableView also provides casino personnel with secure and instant access to vital table accounting and financial data.
"We're delighted to strengthen our partnership with the Seminole Tribe of Florida and provide their industry-leading operations with the most cutting-edge table-rating system," said Ramesh Srinivasan, Executive Vice President, Bally Systems.
"We are very fortunate to have a large number of casino operations using a Bally casino management system, and our TableView system is a natural extension to these systems," Srinivasan said. "Our customers have been asking us to provide this comprehensive and integrated functionality, and their requirements have been the primary driver of TableView. We foresee that demand for this product will only continue to grow as casinos seek to increase customer service and run their pits more efficiently."
About Bally Technologies, Inc.
With a history dating back to 1932, Las Vegas-based Bally Technologies designs, manufactures, operates and distributes advanced gaming devices, systems and technology solutions worldwide. Bally's product line includes reel-spinning slot machines, video slots, wide-area progressives and Class II, lottery and central determination games and platforms. As the world's No. 1 gaming systems company, Bally also offers an array of casino management, slot accounting, bonusing, cashless and table management solutions. The Company also owns and operates Rainbow Casino in Vicksburg, Miss. For more information, please contact Laura Olson-Reyes, Director of Corporate Communications, at 702-584-7742, or visit http://www.ballytech.com/.
About the Seminole Tribe of Florida
The Seminole Tribe of Florida operates Seminole Hard Rock Hotels & Casinos in Hollywood and Tampa, Fla. Five other Seminole Casinos are located in Coconut Creek and Hollywood, Fla., as well as in Immokalee, near Naples, on the Brighton Reservation northwest of Lake Okeechobee and on the Big Cypress Reservation south of Lake Okeechobee. The Seminole Tribe pioneered Indian Gaming with the opening of a high-stakes bingo hall in Hollywood in 1979.
This news release may contain "forward-looking" statements within the meaning of the Securities Act of 1933, as amended, and is subject to the safe harbor created thereby. Such information involves important risks and uncertainties that could significantly affect the results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements. Future operating results may be adversely affected as a result of a number of risks that are detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update the information in this press release and represents that the information is only valid as of today's date.
Investor Contact: Robert Caller Media Contact: Laura Olson-Reyes
(702) 584-7982 (702) 584-7742
rcaller@ballytech.com lolson-reyes@ballytech.com
Bally Technologies, Inc.
CONTACT: investors, Robert Caller, +1-702-584-7982,
rcaller@ballytech.com, or media, Laura Olson-Reyes, +1-702-584-7742,
lolson-reyes@ballytech.com, both of Bally Technologies, Inc.
Web site: http://www.ballytech.com/
MatrikonOPC Client for ODBCExchange process data without any prior SQL experience with the new MatrikonOPC Client for ODBC!
EDMONTON, July 30 /PRNewswire-FirstCall/ -- MatrikonOPC(TM) is pleased to announce the release of the MatrikonOPC Client for ODBC. This fully OPC Compliant Client requires no prior SQL experience to exchange process data between OPC and ODBC enabled databases. Connecting relational databases to manufacturing control systems has never been easier.
Unlike other ODBC products on the market today, the MatrikonOPC Client for ODBC not only logs process data to your preferred database, but also writes from a relational database to control systems. Being fully compliant with the latest OPC specifications, this OPC Client effortlessly connects to any OPC Server.
MatrikonOPC Client for ODBC Features and Benefits:
- Log process values from an OPC server to an ODBC database.
- Populates an OPC Server with data from an ODBC database.
- Provides support for ODBC compliant databases such as Microsoft
Access, Microsoft SQL, Oracle, Sybase, etc.
- Software may be dynamically configured while online.
- SQL statements may be executed directly from the graphical user
interface to aid in testing and configuration.
- Advanced users will appreciate the powerful custom ODBC queries.
- Can run silently in the background as a Windows NT Service.
- User-readable XML configuration file.
- Leverage SQL knowledge along with the unique OPC variable syntax to
create complex OPC-database communication.
To learn more about the MatrikonOPC Client for ODBC, or to explore the download, please navigate to: http://matrikonopc.com/products/opc-archiving/opc-client-for-odbc.aspx
About MatrikonOPC (a division of Matrikon Inc. (TSX: MTK))
With a collection of more than 500 OPC products and over 100,000 installations worldwide, MatrikonOPC is the world's largest supplier of OPC connectivity products. Matrikon is a charter member of the OPC Foundation, and has demonstrated a commitment to developing OPC as the industrial connectivity standard.
Matrikon's international customer base includes a wide range of companies from process to discrete manufacturers in industrial, commercial and military applications. With offices throughout North America, Australia, Europe and the Middle East, Matrikon's reach is global.
Visit MatrikonOPC at http://www.matrikonopc.com/.
MatrikonOPC and Matrikon are trademarks or registered trademarks of
Matrikon Inc.
Matrikon Inc.
CONTACT: Michelle Au, MatrikonOPC Marketing Specialist, (780) 448-1010
extension 4605, email: michelle.au@matrikonopc.com
ShopLocal's 4th Annual Summit Highlights Web's Increasing Influence on In-Store SalesPointRoll and ShopLocal Present Top Industry Trends and Offer Digital Leadership in Local Strategies for Retail Marketing
CHICAGO, July 30 /PRNewswire/ -- At the 4th Annual ShopLocal Summit localized advertising and marketing were once again the focus, as the Web's impact on the future of in-store sales dominated the event's conversations. PointRoll, a wholly owned subsidiary of Gannett Co., Inc. and the leading provider of rich media technology solutions, and Gannett's most recent acquisition, ShopLocal, the leader in multi-channel shopping and advertising services, joined forces at the 4th Annual ShopLocal Summit to discuss the future of online in local retail commerce.
The conference was attended by some of the industry's leading retail brands including CVS, Target and Toys 'R' Us and industry analyst firms Forrester Research and comScore, Inc. They assembled to discuss industry trends and the increasing importance of the Internet in local retail marketing. Today, over 30 percent of all retail sales are influenced by the Internet and this number is expected to grow to 50 percent by 2012. PointRoll and ShopLocal also presented an overview of their strategic alignment within Gannett to develop a unified, end-to-end marketing solution to help retailers provide a richer, more localized and personal shopping experience for consumers.
As advertisers continue to shift traditional ad spending to the Web, due to increasing Internet consumption, the two partners presented new strategies for developing local campaigns that use a blend of e-circulars and the latest, most effective rich media advertising formats to drive both online and in-store sales.
"This year's Summit was a great opportunity to meet with marketers from the world's largest retailers and industry analysts to discuss the trends that are playing a major part in the evolution of our industry," said Deann Harvey, senior vice president of Global Sales of PointRoll. "According to BIGResearch, 92 percent of consumers research products online and Forrester predicts the Internet will influence about half of all retail sales by 2012."
Some of the other major trends discussed include:
1. The Next Stage of Local Promotions -- More Digital, and Even More Local
To extend their sphere of influence, marketers must take advantage of online circulars such as those offered by ShopLocal. The creative content and data analytics are essential to any local campaign, and this is where PointRoll and ShopLocal can help marketers get more reach.
2. Consumer Shopping Habits are Continuously Influenced by New Forms of Digital Media
The $10 billion circular industry is evolving to better utilize interactive marketing tools to reach consumers at the local level based on user characteristics and specific interests. Now, consumers are being engaged just as they're using online tools to make offline purchasing decisions.
3. Proof and Measurability -- Go Above and Beyond Especially When Dealing With In-Store Sales
To achieve a successful local campaign, proof of campaign performance is necessary, and is not solely demonstrated by click-throughs. The impact of latent, offline and branding of both display and search ads must also be taken into account and tracked by new rich media technologies, as they occur when users do not click on the ads. Retailers that ignore these effects will fail to capture the total value of their online advertising efforts.
4. Geo-Demographic and Behavioral Targeting Have Come of Age and Help You Get More Local
Advertisers have brought together behavioral, demographic and geographic methods to generate better results across a wider range of sites with a localized approach to reaching users. In addition, audiences are segmented similarly to the offline market to meet those challenges.
5. Multi-channel Marketing Emerging, Not Used Enough
Few retailers are taking advantage of the unique selling advantages of using multiple channels, especially targeting online to sell offline. According to Forrester, 67 percent of consumers who made a considered purchase engaged with the Web at some point during their research process.
"This year's Summit brought together a diverse group of industry leaders in retail, marketing research and advertising to focus on the challenges and opportunities of online advertising for retail on a local level. The next stage of promotions is digital, local and virtual," said Vikram Sharma, CEO of ShopLocal. "We are thrilled to have had a chance to connect with marketers from leading retailers to present how ShopLocal's database and digital circular capabilities are being more closely aligned with PointRoll's marketing, segmentation and interactive rich media capabilities to help extend their reach and provide better in-store results."
About PointRoll
PointRoll, a wholly owned subsidiary of Gannett Co., Inc. , offers a solution to the limited performance of standard banner ads by effectively bringing a mini-website to the user without requiring a click. PointRoll's superior rich media technology and service enable advertisers to connect with consumers by creating an interactive online environment that generates conversion. With interactive features such as streaming video, polling, instant email, data collection and more, marketers can easily create and deliver ads that build brand and drive sales. The result: great creative controlled by the user and improved ad effectiveness without the negative experience associated with intrusive technologies. Additionally, PointRoll delivers comprehensive, real-time reporting that definitively illustrates return on investment. For more information, please visit http://www.pointroll.com/.
About ShopLocal
ShopLocal, the leader in multi-channel shopping and advertising services, offers a complete suite of innovative solutions that connect advertisers and consumers -- online and in-store. ShopLocal's industry-leading SmartProduct business solutions (SmartCircular, SmartDelivery and SmartCatalog) enable more than 100 of the nation's top retailers, including Target, Best Buy, Home Depot, CVS, Albertsons and Sears, to deliver highly interactive, targeted and localized promotions to shoppers via the Internet, mobile phones and any other digital environment. For more information, please visit http://www.aboutshoplocal.com/.
Contact:
Steve Sumner
Weber Shandwick for PointRoll
212-445-8475
ssumner@webershandwick.com
PointRoll
CONTACT: Steve Sumner of Weber Shandwick, +1-212-445-8475,
ssumner@webershandwick.com, for PointRoll
Web site: http://www.pointroll.com/
http://www.aboutshoplocal.com/
Dow Jones Launches Next Generation of its g2 Business and Relationship Intelligence OfferingNew Version Enables Users to Benefit from B2B Social Networking Tools to Discover Valuable Business Connections
NEW YORK, July 30 /PRNewswire/ -- Dow Jones & Company today announced the latest version of its g2 offering, an on-demand business intelligence application. The latest version provides even greater business value by broadening user's reach through linking with B2B social networking tools.
Dow Jones's g2 allows organizations to proactively identify, qualify, and connect to desired companies and executive contacts through patented technology that crawls the web and maintains databases in real-time, unveiling valuable intelligence on companies, personnel and news. Dow Jones's technology filters through over 150,000 news articles daily from more than 25,000 different media sources and more than 3 million blogs to obtain this comprehensive business intelligence. Additionally, more than 100 triggers are monitored and detected daily through the mined business intelligence data.
g2 offers a database of nearly 4 million companies and 9 million executives that serve as the starting point for relationship mapping and the newest version of g2 expands on an already robust offering by enabling users to easily import contacts from leading applications such as Microsoft Outlook(R) and LinkedIn(R). Similarly, Dow Jones's other on-demand business intelligence application, SalesWorks includes simple integration from executive profiles to LinkedIn(R), to extend access to more business information.
The newest version of g2 allows users to expand their network and leverage connections that will enable them to build strong relationships that create profitable business opportunities. Importing contacts quickly expands a user's network and provides many new relationship paths. The import is quick and easy and the information can be utilized immediately. Additionally, when a user downloads LinkedIn(R) contacts the information is integrated within the already robust relationship mapping application that g2 is known for. The combined information produces extremely clear relationship maps. Users can also customize the relationship mapping on an executive or non-executive level, ensuring that the influential decision makers for the prospects they are targeting are found and identifying hidden relationships that exist within their organization through peer affiliations.
Additional enhancements include:
-- The ability to connect executives and companies through a user's best relationship path by optimizing corporate and personal networks through the Position search feature;
-- The ability to add single contacts using the biography editor;
-- The option to display company keywords on the company search page;
-- The ability to set personal affiliates to a private setting;
-- New processing tools that have improved the global search capabilities by allowing users to view more executive, company and news results per page;
-- Enhanced search engine optimization tools that include meta keywords on the company summary page, making it easy to view the specific words and terms that a company uses to generate traffic to their website;
-- The addition of Canadian provinces to the search fields in triggers, companies, and executives.
"Dow Jones g2 is the only business intelligence product on the market to offer clear path relationship maps," said Tom Aley, Senior Vice President and Managing Director, Business Relationship & Intelligence, Dow Jones. "Users are able to easily see an entire relationship path using degrees of separation, while being able to analyze the strength of the match through our unique scoring formula. By offering a product that allows our users to take advantage of B2B social networking tools, we are truly providing empowerment, resulting in increased sales, better working relationships and overall profitability, a true win-win situation."
To learn more about the latest version of Dow Jones g2 and other Dow Jones solutions, visit http://www.solutions.dowjones.com/generateinc.
ABOUT DOW JONES
Dow Jones & Company (http://www.dowjones.com/) is a News Corporation company (NYSE: NWS, NWS.A; ASX: NWS, NWSLV; http://www.newscorp.com/). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.
Dow Jones Business & Relationship Intelligence provides leading customer intelligence solutions that enable organizations to capitalize on opportunities and build profitable business relationships. The combination of next generation technology with actionable information powers the performance of sales and research professionals plus media organizations.
Dow Jones Business & Relationship Intelligence's award-winning customer intelligence solutions include information on millions of companies and executives and world-class news, plus unique triggering, relationship mapping, research and prospecting tools. Integrating these tools and content behind your firewall provides a single, complete view of a customer further increasing your effectiveness.
Dow Jones & Company
CONTACT: Adrienne MacWhannell of Dow Jones, +1-212-659-2486,
Adrienne.MacWhannell@dowjones.com; or Alexis Gordon of PAN Communications for
Dow Jones, +1-978-474-1900, DowJones@pancomm.com
Web site: http://www.dowjones.com/
http://www.solutions.dowjones.com/generateinc
Brodeur Partners Engages Radian6 for Social Media Monitoring Platform
BOSTON, July 30 /PRNewswire/ -- Brodeur Partners, an Omnicom-owned communications agency, announced today that it will be utilizing the Radian6 social media monitoring platform as an integral part of delivering integrated communications campaigns to its clients which include social media.
Radian6's social media monitoring platform tracks what is being said online about brands, organizations and issues in real-time as discovered. The solution monitors all forms of social media, including blogs, top video-sharing sites, opinion review forums, photo-sharing sites and emerging media services like Twitter.
"Monitoring and analyzing brand and industry conversations in social media in real time is critical," outlined Michael Woolf, Director of Digital Media Campaigns at Brodeur Partners. "Social media is often a reflection of brand sentiment. As the brand experience moves online, it is important to have a platform that helps us stay on top of any trends and issues."
A recent Brodeur Partners and MarketWire study confirmed the connection between mainstream and social media and the impact on brand coverage. In their most recent study (http://brodeurmediasurvey.com/) over half of reporters surveyed indicated they spent more than an hour per day with online news sources and blogs. The report also found that close to half of technology reporters blogged as part of their reporting.
"Brand discussions online have literally exploded in social media in the past few years as a result of the ease in which consumers can now express their opinions through the use of various Web 2.0 applications and sites," said Marcel LeBrun, CEO of Radian6. "Brodeur Partners clearly understands the need to tap into these discussions -- be it to listen, to learn, to share and to potentially engage on behalf of their clients."
Woolf continued, "By using Radian6's social media platform we are able to quickly zero in on conversations as they happen in real-time -- discussions that matter specifically to each one of our clients. Social media is infinitely vast and time consuming to crawl and prioritize manually. Using the Radian6 dashboard with its analysis widgets, we are able to give our client teams a single, immediate view of brand interaction across the many types of social media channels."
About Brodeur Partners
Founded in 1985 (http://www.brodeur.com/), Brodeur Partners is a global communications and digital marketing agency focused on the corporate, business-to-business, consumer, healthcare, mobility, life sciences and clean technology industries. Headquartered in Boston, Mass, the company is part of Omnicom Group Inc. .
About Radian6 Technologies Inc.
Radian6 provides the social media monitoring platform for PR and advertising professionals. The company's flexible dashboard enables monitoring all forms of social media with results appearing in real-time as discovered. Various analysis widgets give users the ability to uncover the top influencers as well as which conversations are having an impact online. Visit http://www.radian6.com/ for more information.
Brodeur Partners
CONTACT: Michael Woolf, Director of Digital Media Campaigns of Brodeur,
+1-202-775-2674, mwoolf@brodeur.com; or David Alston, Vice President of
Marketing, Radian6, +1-506-444-1905, david@radian6.com
Web site: http://www.brodeur.com/
http://brodeurmediasurvey.com/
http://www.radian6.com/
Raytheon Submits Proposal for $100 Million U.S. Air Force Command and Control Contract
FALLS CHURCH, Va., July 30, 2008 /PRNewswire/ -- Raytheon Company has partnered with The Boeing Company to bid for the U.S. Air Force's Counterspace Command and Control Sustainment contract.
The contract, with a potential value of $100 million during the next 10 years, outlines the need for a comprehensive command and control, or C2, capability supporting the Air Force's space superiority mission. The requirements include designing and developing a solution that will protect global satellite communications systems and deliver new C2 capabilities to the Air Force. The contract award is expected in September 2008.
"Raytheon's solution will enable the Air Force to manage and update the system in a virtual environment, a significant savings to our customer," said Jack Harrington, vice president, Network Centric Systems' Command and Control Systems. "This capability is another example of Raytheon's experience and track record of providing proven transformational solutions to the warfighter that align with emerging Department of Defense net-centric standards."
Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 86 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.
Note to Editors:
Raytheon's command and control solutions include the Advanced Field Artillery Tactical Data System, which has received a top five Department of Defense award for systems engineering. AFATDS is part of the battle command networked system providing fire support command and control capability for the Army and Marine Corps. It has been employed in combat operations in Afghanistan and Iraq.
Contact:
MB Hodgkiss
508.490.2607
Raytheon Company
CONTACT: MB Hodgkiss of Raytheon Company, +1-508-490-2607
Web site: http://www.raytheon.com/
Hertz Selects Oce Business Services to Provide Comprehensive Document Process Outsourcing Services
NEW YORK, July 30 /PRNewswire/ -- The Hertz Corporation has selected Oce Business Services to provide global document process outsourcing services to support Hertz's efficiency improvement and reengineering initiatives.
"Our ongoing commitment is to be the lowest cost, highest quality and most customer-focused company," said Mark P. Frissora, Hertz's chairman and chief executive officer. "We have selected Oce Business Services as the best means to help us improve efficiency, quality, and service worldwide."
John Thomas, executive vice president, global supply chain at Hertz added, "Partnering with Oce Business Services will enable Hertz to contain costs and adapt greater efficiencies throughout the organization. We'll also be able to leverage Oce's extensive Six Sigma(R) expertise and methodologies to improve our operational performance and integrate best practices into our document management processes."
Oce will provide a range of services that span the document lifecycle (creation through disposal). These services include mail management; document imaging; print/copy management, records management and storage; and multi-function device (print/copy/fax/scan) fleet management.
"We are pleased to be associated with Hertz, one of the world's largest and most respected brands," said Joseph R. Marciano, president and CEO of Oce Business Services. "This global agreement will apply our document management services and technology to help Hertz achieve its reengineering and efficiency enhancement goals as well as improve its document processes across a variety of operational areas."
About the Hertz Corporation
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc. , is the world's largest general use car rental brand, operating from approximately 8,100 locations in 147 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 69 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa, Asia, and the Middle East. Product and service initiatives such as Hertz #1 Club Gold, Hertz NeverLost(R) customized, onboard navigation systems, SIRIUS Satellite Radio, and unique cars and SUVs offered through the Company's Prestige, Fun and Green Collections, set Hertz apart from the competition. Hertz also operates one of the world's largest equipment rental businesses, Hertz Equipment Rental Corporation (http://www.hertzequip.com/), offering a diverse line of equipment, including tools and supplies, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers through more than 360 branches in the United States, Canada, France and Spain.
About Oce Business Services
Oce Business Services, Inc. is one of the world's leading providers of document process management services and technology to law firms, corporations and the public sector. Its spectrum of managed solutions spans the document lifecycle. These include print/copy, fleet, mail services, Six Sigma(R)-based performance management, records management and eDiscovery. Oce Business Services is one of the most experienced providers of eDiscovery, paper discovery, forensics and web-based review services for complex litigation and regulatory compliance matters. Oce Business Services' integrated capabilities allow it to serve enterprise-wide requirements with advanced technology, people and processes. By enabling organizations to manage and control document assets, Oce helps reduce costs, increase efficiency, mitigate risk and introduce innovation. To learn more, visit http://www.obs-innovation.com/.
Note to Editors: Trademarks and registered trademarks contained herein remain the property of their respective owners.
Oce Business Services, Inc.
CONTACT: Ken Neal, Director, Corporate Communications of Oce Business
Services, +1-212-502-2151, kenneth.neal@oce.com; or Michelle Dillon, Senior
Account Executive of Beaupre & Co. Public Relations, +1-603-559-5835,
mdillon@beaupre.com, for Oce Business Services, Inc.
Web site: http://www.obs-innovation.com/
http://www.hertzequip.com/
Verizon Foundation President Patrick Gaston Named to Savoy Professional Magazine's Top 100 Most Influential African-Americans in Corporate America
BASKING RIDGE, N.J., July 30 /PRNewswire/ -- Verizon Foundation President Patrick Gaston has been recognized by Savoy Professional magazine as one of the top 100 most influential African-Americans in corporate America.
Now in its sixth year, Savoy's Top 100 Power List represents the leaders who have the most impact on business in America, according to Savoy's editorial staff, corporate contributors and advisors within the Executive Leadership Council (ELC).
"As the head of one of corporate America's largest foundations, Patrick Gaston is in a tremendous position to bring about substantive change," said Evangelia Biddy, vice president of national advertising for Savoy. "Because of that and his long-standing success in the business community, he is well-deserving of a spot on Savoy's Top 100 Power List."
As president of the Verizon Foundation, Gaston is responsible for overseeing philanthropic strategy, grant making and initiatives in the foundation's key social-issue areas of education and literacy, family safety, health, and employee volunteerism. The Verizon Foundation is one of 10 largest corporate cash donors, according to the Foundation Center.
During his more than 20 years with Verizon, Gaston has served in a variety of management positions in operations, marketing, human resources, strategic planning and government relations. Prior to his appointment as president of the foundation in December 2003, he served as executive director of Verizon's Strategic Alliances Group, where he led the development of Verizon's corporate responsibility program and was responsible for overseeing corporate responsibility initiatives and managing national community affairs.
Gaston sits on a number of national nonprofit boards, including the NAACP SCF board of trustees, America's Charities, the Foundation of the University of West Indies, The Conference Board Contributions Council and the World Institute on Disability, and he serves as a vice chair of the Business Committee of The Metropolitan Museum of Art. Gaston also is a member of the board of directors of Bed Bath & Beyond Inc., a publicly traded company that operates a nationwide chain of retail stores. He also is a fellow at the Aspen Institute.
Gaston was raised in Boston, Mass., and holds a bachelor's degree in management from the University of Massachusetts and a master's degree in business administration from Northeastern University. He earned an international certificate in business from Ecole Superieure de Commerce in Reims, France.
The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its signature program, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2007, the foundation awarded more than $67.4 million in grants to nonprofit agencies in the United States and abroad. The foundation also matched the charitable donations of Verizon employees and retirees, resulting in $25.1 million in combined contributions. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since Verizon's inception in 2000.
For more information on the foundation, visit http://www.verizon.com/foundation.
Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving nearly 69 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employs a diverse workforce of more than 228,600 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon
CONTACT: Brian C. Malina of Verizon, +1-908-559-6434,
Brian.c.malina@verizon.com
Web Site: http://www.verizon.com/
http://www.verizon.com/foundation
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Boeing and Siemens PLM Software Sign New Agreement to Extend Deployment of Teamcenter
CHICAGO and PLANO, Texas, July 30 /PRNewswire/ -- Siemens PLM Software, a business unit of the Siemens Industry Automation Division and a leading global provider of product lifecycle management (PLM) software and services, today announced that Boeing, the world's leading aerospace company, has signed a new software license agreement for Teamcenter(R), Siemens PLM Software's digital lifecycle management solution.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO )
Siemens PLM Software technology currently enables Boeing to access current and accurate digital information wherever and whenever required. Boeing uses Teamcenter on several key programs to enhance collaboration and improve workflow management.
Teamcenter to replace legacy systems
As part of this agreement, Boeing will work with Siemens PLM Software to retire and replace selected legacy systems with Teamcenter. Teamcenter is being used for bill of material management, configuration management, change management and document management.
"We are partnering with Siemens to enhance Boeing's product data management (PDM) capabilities. Siemens products and services will continue to support, and help us improve, the products and services we offer," said Nancy Bailey, Boeing vice president of IT Product Systems.
"We are proud that an industry leader such as Boeing is expanding the use of Teamcenter as a PDM platform," said Tony Affuso, chairman and CEO, Siemens PLM Software. "Boeing's expanded use of Teamcenter to replace select legacy systems strengthens Teamcenter's position."
Teamcenter powers innovation and productivity by seamlessly connecting people and processes with knowledge across the entire lifecycle. Teamcenter's comprehensive portfolio of proven digital lifecycle management solutions is built on an open PLM foundation. Teamcenter is the PLM industry's most widely used solution and consists of an integrated suite of applications that provide a wide variety of productivity enhancing technologies such as 3D visualization, collaboration, supplier management and collaborative product data management (cPDM) -- one of the fastest growing segments in the PLM industry.
Siemens PLM Software Leadership in Aerospace & Defense
Siemens PLM Software is used extensively by the top 15 Aerospace & Defense original equipment manufacturers (OEM) and has accrued more experience in Aerospace & Defense in mission-critical operations than any other comparable PLM product. With more than one million man-years of experience in delivering mission-critical operations on an unparalleled scale, Siemens PLM Software is now the de facto provider of PLM and facilitator of enterprise transformation for the Aerospace & Defense industry. For more information please visit http://www.siemens.com/plm/aerospacedefense.
About Boeing
Boeing is the world's leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft combined. Additionally, Boeing designs and manufactures rotorcraft, electronic and defense systems, missiles, satellites, launch vehicles and advanced information and communication systems. As a major service provider to NASA, Boeing operates the Space Shuttle and International Space Station. The company also provides numerous military and commercial airline support services. Boeing has customers in more than 90 countries around the world and is one of the largest U.S. exporters in terms of sales.
About Siemens PLM Software
Siemens PLM Software, a business unit of the Siemens Industry Automation Division, is a leading global provider of product lifecycle management (PLM) software and services with 5.5 million licensed seats and 51,000 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software's open enterprise solutions enable a world where organizations and their partners collaborate through Global Innovation Networks to deliver world-class products and services. For more information on Siemens PLM Software products and services, visit http://www.siemens.com/plm.
About the Siemens Industry Automation Division
The Siemens Industry Automation Division (Nuremberg), a division of the Siemens Industry Sector, is a worldwide leader in the fields of automation systems, low-voltage switchgear and industrial software. Its portfolio ranges from standard products for the manufacturing and process industry to solutions for whole industries and systems that encompass the automation of entire automobile production facilities and chemical plants. As a leading software supplier, Industry Automation optimizes the entire value added chain of manufacturers -- from product design and development to production, sales and a wide range of maintenance services.
Note: Siemens and the Siemens logo are registered trademarks of Siemens AG. NX, JT and Teamcenter are trademarks or registered trademark of Siemens Product Lifecycle Management Software Inc. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.
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Siemens PLM Software
CONTACT: Salim Rahimi, +1-972-987-3206, salim.rahimi@siemens.com
Web Site: http://www.siemens.com/plm
http://www.siemens.com/plm/aerospacedefense
TI introduces flexible, eight-channel ESD solution for HDMI and DisplayPortIndustry's lowest differential capacitance for higher bandwidth applications
DALLAS, July 30 /PRNewswire/ -- Texas Instruments (TI) today introduced a robust electrostatic discharge (ESD) solution that provides system-level ESD protection for eight high-speed differential lines, designed specifically for high-definition multimedia interface (HDMI) and DisplayPort connectors. The TPD8S009's flow-through, single-inline pin mapping optimizes the board layout and lowers susceptibility to unwanted electromagnetic interference. Additionally, this unique architecture allows designers to easily add or remove the device without redesigning the system. The ESD solution increases overall system reliability in devices such as notebook or desktop computers, televisions or DVD players. (See http://www.ti.com/tpd8s009-pr.)
The TPD8S009 has the industry's lowest differential capacitance of less than 0.05 pF which enables minimal differential signal distortion. The 0.8 pF line capacitance for each data line allows the device to achieve the higher data rates suitable for high-speed video applications by supporting HDMI 1.3 and DisplayPort data rates up to 2.7 Gbps. It is compact for space-conscious equipment and comes in a small 6.5 mm x 2.5 mm SON-15 package.
Other key features include the following:
-- IEC 61000-4-2 (Level 4) system level ESD compliant
-- Industrial temperature range: -40C to 85C
-- 2.5A peak pulse current (8/20us Pulse)
-- Match with 0.5 mm-pitch DisplayPort and HDMI connectors for seamless
routing and minimal line glitch due to ESD clamps
The TPD8S009 is optimized to work with TI's family of video switch buffers for DisplayPort and HDMI, such as the SN75DP129 DisplayPort to HDMI translator and the TMDS351 HDMI switch. Other ESD protection devices from TI support PC and consumer electronics applications. This ESD protection portfolio contributes to TI's broad interface product offering including families of products for USB, 1394, RS-232, UART, and PCI-Express standards. Please see the Interface Selection Guide for more information. To learn more about the TPD8S009, watch the videocast at http://www.ti.com/esdvideo.
Pricing and availability
The TPD8S009 is available now in a 15-pin SON package. Suggested resale pricing in 1000-unit quantities is $0.61. Free samples are available at http://www.ti.com/tpd8s009-pr.
About Texas Instruments
Texas Instruments helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through manufacturing, design and sales operations in more than 25 countries. For more information, go to http://www.ti.com/
Please refer all reader inquiries to:
Texas Instruments Incorporated
Semiconductor Group, SC-08093
Literature Response Center
14950 FAA Blvd.
Fort Worth, TX 76155
1-800-477-8924
Trademarks
All registered trademarks and other trademarks belong to their respective owners.
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Texas Instruments Incorporated
CONTACT: Tiffany Pang of Texas Instruments Incorporated,
+1-214-567-0324, tiffany.pang@ti.com; or Jacqi Moore of GolinHarris,
+1-972-341-2514, jmoore@golinharris.com, for Texas Instruments Incorporated
Web site: http://www.ti.com/
Verizon Wireless Invests Over $78 Million in Network Enhancements Across Tennessee in First Half of 2008- Over 95 Percent of Tennessee Residents Have Access to Verizon Wireless' High-Speed Wireless Broadband Service -
NASHVILLE, Tenn., July 30 /PRNewswire/ -- Verizon Wireless announced today that it spent over $78 million to enhance voice and data services and coverage throughout Tennessee in the first six months of 2008. The state's leading wireless provider now covers all 95 counties and approximately 41,898 square miles across the state thanks to the investment of nearly $634.5 million in Tennessee since 2003.
The investment is part of Verizon Wireless' aggressive multi-billion dollar network investment each year to stay ahead of the growing demand in Tennessee for the company's superior voice and data services and to help ensure the Tennessee network is ready when severe weather hits.
Major areas of improvement across Tennessee since January include:
-- New voice and wireless broadband coverage areas in East Tennessee including Gate City VA on US23/US58, Abingdon VA on US19/US58A, Mountain City on SR 67, US421/SR34 toward Bristol; US 421 toward TN-8, US19E/SR37 from Hampton to the North Carolina border.
-- New coverage in the East Tennessee towns of Ewing, Jonesville, Dryden, Norton, Wise, Grundy and Glade Spring, Roan Mountain, Shady Valley, VA towns of Clinchport and Duffield.
-- New voice and wireless broadband coverage in the Greater Knoxville including the towns of Birchwood and Loudon, SR 60 between Georgetown, Dayton and Birchwood Pike (SR312), Loudon on SR72; US11 towards the SR324 junction, Highway 92 between Jefferson City and Rutledge, Highway 321 to 411, Highway 321 to 129 and Highway 321 (between Newport and Cosby, New Market and Morristown, Friendsville and Maryville).
-- New voice and wireless broadband coverage in West Tennessee including downtown Dyersburg, US 51 (between Memphis and Dyersburg), Jackson (South to Mississippi state line and East on I-40 to the Tennessee River), Tunica, Mississippi area (including I-69, I-55 and US 301) and town of Eudora. Memphis area including Bailey Station, Holmes Road, Center Hill Road and the residential area of Forrest Wind.
The network enhancement enables more Verizon Wireless customers to use their wireless phones to make calls; send and receive e-mail and text, picture and video messages; and download games and ring tones while enjoying superior wireless coverage.
Part of the $78M investment has been toward the statewide activation of its high-speed Evolution Data Optimized (EV-DO) Revision A (Rev. A) network. The enhanced network provides high-speed business and entertainment-based services on wireless phones, laptops and other wireless devices with Verizon Wireless' BroadbandAccess and V CAST multimedia services.
Today, over 95 percent of Tennessee residents have access to Verizon Wireless' high-speed broadband service, an increase of over 22 percent since 2007. Verizon Wireless' 3G high-speed BroadbandAccess Network is currently available in Chattanooga, Cleveland, Cookeville, Clarksville, Dyersburg, Jackson, Knoxville, Martin, McMinnville, Memphis, Nashville, Tazewell, Tri-Cities and Union City.
"By continually investing in Tennessee, we can maintain excellent call quality and provide the best wireless service available," said Jerry Fountain, president of Verizon Wireless' Carolinas/Tennessee region. "Customers choose Verizon Wireless and stay with us, because they know they'll get wireless service they can depend on."
Network tests in the first half of 2008 indicate that the investment to further boost network strength is working for customers. Teams of "Test Man" technicians perform the testing daily (the inspiration for the famous TV Test Man ad campaign) and have traveled approximately 17,063 miles across Tennessee so far this year. The test teams ride in special vehicles loaded with computers, wireless phones and other equipment to measure and ensure strength and reliability versus other carriers.
"Making sure that residents and tourists have reliable service in the Volunteer State requires a significant investment and dedication of our network technicians and engineers," Fountain said. "We'll continue the ongoing commitment and investment in Tennessee to serve our customers and communities for a long time to come."
To meet customers' growing demand for Verizon Wireless' products and services across the state, Verizon Wireless has opened new communication stores locations in the past six months in the following areas:
Ft. Oglethorpe Kingsport Ootlewah
3548 Battlefield Pkwy 2608 E. Stone Drive 880 Old Lee Highway
Fort Oglethorpe, GA 30742 Kingsport, TN 37660 Ootlewah, TN 37363
(706) 861-9665 (423) 245-4500 (423) 238-2060
Hendersonville Murfreesboro Smyrna
223 Indian Lake Blvd 580 N Thompson Ln 480 Sam Ridley Pkwy
Hendersonville, TN 37075 Murfreesboro, TN 37129 Smyrna, TN 37167
(615) 822-1128 (615) 896-2355 (615) 355-6560
Verizon Wireless is opening two new stores in August in Ooltewah and Madison.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 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: Carly Culbertson of Verizon Wireless, +1-864-987-2006,
Carolyn.Culbertson@verizonwireless.com
Web site: http://www.verizonwireless.com/
http://www.verizonwireless.com/multimedia
NVIDIA Announces Television Personalities Jamie Hyneman and Adam Savage Will Shoot or Blow Something Up at NVISION 08
SANTA CLARA, Calif., July 30 /PRNewswire-FirstCall/ -- NVIDIA today announced that special effect experts and television personalities Jamie Hyneman and Adam Savage will appear in a unique presentation at the NVISION(R) 08 conference. With over 30 years of special effects experience in television and film entertainment between the two of them, Jamie and Adam have been involved in numerous television and film projects, and are best known for their work in the hit television series, MythBusters.
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NVISION 08, which takes place on August 25-27, 2008 in San Jose, California, is a three-day mega-event for professionals and enthusiasts who are passionate about visual computing. Thousands of engineers, designers, developers, researchers, artists, enthusiasts, gamers, film makers, business professionals, and consumers from around the world are expected to attend.
"We are thrilled to have Jamie and Adam come to NVISION 08," said Rob Csongor, vice president of corporate marketing, NVIDIA. "I don't want to give anything away about what they are going to do, but Jamie and Adam are working very hard to build something that's special for NVISION, and has never been seen before. They will have a unique way to contribute to the world of visual computing in their live presentation and we think NVISION attendees will find it educational and entertaining. Everyone should be reassured that most of us at NVIDIA believe it will be completely safe."
About NVISION 08
Taking place on August 25-27, 2008 in San Jose, California, NVISION 08 is a three-day mega-event for professionals and enthusiasts who are passionate about visual computing. Thousands of engineers, designers, developers, researchers, artists, enthusiasts, gamers, film makers, business professionals, and consumers from around the world are expected to attend. NVISION will offer nearly 80 hours of technical and industry sessions for professionals in areas including automotive, high performance computing, professional visualization, entertainment, and mobile. Registration for NVISION 08 is now open at: http://www.amireg.com/nvision08/intro.html.
About NVIDIA
NVIDIA is the world leader in visual computing technologies and the inventor of the GPU, a high-performance processor which generates breathtaking, interactive graphics on workstations, personal computers, game consoles, and mobile devices. NVIDIA serves the entertainment and consumer market with its GeForce(R) products, the professional design and visualization market with its Quadro(R) products, and the high-performance computing market with its Tesla(TM) products. NVIDIA is headquartered in Santa Clara, California, and has offices throughout Asia, Europe, and the Americas. NVIDIA's inaugural NVISION 08 conference will be held August 25-27, 2008 in San Jose, California. For more information, visit http://www.nvidia.com/ and http://www.nvision2008.com/.
Certain statements in this press release including, but not limited to, statements as to the events, anticipated attendees and number of attendees of NVISION and the presentation and impact of the presentation to be made by Jamie Hyneman and Adam Savage at NVISION are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: rescheduling or cancellation of the NVISION 08 events; scheduling conflicts; the development of technology; the impact of competition and our competitors' products and technologies as well as other factors detailed from time to time in the reports NVIDIA files with the Securities and Exchange Commission including its Form 10-Q for the fiscal period ended April 27, 2008. Copies of reports filed with the SEC are posted on our website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
Copyright (C) 2008 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, NVISION, GeForce, Quadro, and Tesla are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. All other company and/or product names may be trade names, trademarks, and/or registered trademarks of the respective owners with which they are associated.
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NVIDIA
CONTACT: Hector Marinez of NVIDIA Corporation, +1-408-486-3443,
hmarinez@nvidia.com; or Suraya Akbarzad of OutCast Communications,
+1-415-392-8282, suraya@outcastpr.com
Web site: http://www.nvidia.com/
China Security & Surveillance Announces $10 Million Private Placement From UAE Investors
-- Management Extends Share Lock-Up Period --
SHENZHEN, China, July 30 /Xinhua-PRNewswire/ -- China Security & Surveillance Technology, Inc. ('The Company' & 'CSST'), a leading provider of digital surveillance technology in the PRC, today announced that the Company has completed a private placement transaction in which it issued 722,544 units (the "Units") to several United Arab Emirates (UAE) based investors (the "Investors") for an aggregate gross cash purchase price of $10 million at a per share price of $13.84. Each Unit consists of one share of the Company's common stock and a warrant to purchase one-fifth of one share of Common Stock. The exercise price for each whole warrant is $19.23. The warrants have a term of 3 years.
A small number of investors were selected to participate in this private placement, including Mr. Sharafuddin Al Sayed Sharaf, Faisal Holdings and MAC Capital Limited.
Mr. Sharaf is a local U.A.E.-based businessman and co-founder of the Sharaf Group, which was established in 1976 in partnership with his brother, Ibrahim Al Sayed Sharaf. The group has diverse interests in retail fashion, electronics, travel and tourism, shipping and transport, logistics, financial services, leisure, real estate, construction and industry. Mr. Sharaf also is the Chairman of the First Security Group, a significant provider of security and related services in the U.A.E.
Faisal Holdings is a considerable business conglomerate in the U.A.E. Under the Chairmanship of H.H. Sheikh Faisal Bin Sultan Al Qassimi, the company has grown over the last 40 years to be a substantial undertaking, with interests ranging from construction to real estate, retail and financial services. Its primary focus is on industry. A major subsidiary of the group is GIBCA, a large manufacturing and construction operation with its base in the Emirate of Sharjah, U.A.E.
Guoshen Tu, Chairman and Chief Executive Officer, stated, "We view this private placement as a strategic equity partnership and one that can help expand our opportunities in the Middle East region. We are seeing increased demand for security and surveillance services not only in China, but in other surrounding regions, including the Middle East. Both investors involved in this transaction are highly respected, well-known individuals in the UAE who can provide further credibility for CSST and increase the profile of our Company as we pursue new business opportunities within our core operating categories in the Middle East region. In addition to our recent announcement to apply for a secondary listing on the Dubai International Finance Exchange (DIFX), we believe this new equity partnership can enhance our relations with local governments and the UAE business community and provide new sales opportunities for CSST."
Dubai International Financial Centre-based investment bank, MAC Capital Limited, has been appointed by CSST to advise on a listing on the DIFX and also advised on this private placement. The Company has received a waiver from Citadel related to this transaction and there is no reset whatsoever related to the terms of its convertible notes.
"The Gulf Cooperation Council (GCC) is not an easy region to access. Like Asia, good local partners are essential if any company wishes to establish a successful business here. The U.A.E. property markets continue to grow significantly and CSST's "complete solution" to the security issue will be of significant interest to major developers here," added Robert W. McMillen, Chairman of MAC Capital.
Additionally, the Company today announced that it has decided to partially extend the management share lock-up period. Management will only be able to sell one third of their shares which are not subjected to restriction per year starting from 1st January, 2009. The lock up agreement covers approximately twenty million shares held by key management and other senior managers. It further stipulates that these parties may not pledge, mortgage, sell these shares without formal consent of the Board of Directors through December 31st 2011. Any request for the sale of the shares will need to be made one month in advance to the Board of Directors. In addition, the key management team will have a First Right of Refusal to acquire these shares based upon the prevailing market price. The original share lock-up was set to expire at the end of the 2008 fiscal year.
"This pledge highlights our common business interests and reflects our view that our position as a leading security solution based provider will grow stronger as we execute on our strategy. The management team remains confident about the business outlook and is committed to build a world class organization," concluded Tu.
About China Security & Surveillance Technology, Inc.
Based in Shenzhen, China, China Security manufactures, distributes, installs and maintains security and surveillance systems throughout the PRC. China Security has manufacturing facilities located in China and an R&D facility which maintains an exclusive collaboration agreement with Beijing University and Wuhan University. China Security has built a diversified customer base through its extensive sales and service network that includes numerous points of presence throughout the PRC. To learn more about the Company visit http://www.csst.com/ .
Safe Harbor Statement
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "will" "believes", "expects" or similar expressions. These forward-looking statements may also include statements about our expected membership in the Russell Indices, which is subject to change. Such information is based upon expectations that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov/ .
China Security & Surveillance Technology, Inc.
CONTACT: Kewa Luo of China Security & Surveillance Technology, Inc., +1-
212-984-0688, or ir@csst.com; or Investor Contacts at ICR, Bill Zima & Ashley
Ammon MacFarlane, +1-203-682-8200, or media contact at Fleishman-Hillard Hong
Kong, Patrick Yu, +852-2530-2577, or Patrick.yu@fleishman.com, all for CSR
Web Site: http://www.csst.com/
Compuware DevPartner Voted 'Best Performance, Profiling & Debugging' Tool by Visual Studio Magazine ReadersProfessional Developers Continue to Recognize DevPartner as a Leader in Code Quality
DETROIT, July 30 /PRNewswire-FirstCall/ -- Compuware Corporation today announced that Compuware DevPartner Studio Professional Edition has won a Visual Studio Magazine (VSM) Readers Choice Award. VSM readers chose Compuware DevPartner as their favorite "Performance, Profiling & Debugging" tool. This marks the sixth consecutive year Compuware has taken top honors in this award category, further validating DevPartner's leadership and value among the developer community.
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"What makes these awards so special and noteworthy is the fact that they are chosen by the developers 'in-the-trenches.' It is the people who use these products on a daily basis who are saying these tools are the best in the market," said Patrick Meader, Editor in-Chief at Visual Studio Magazine. "We respect the work of all the vendors who help make the Visual Studio third-party marketplace so robust and dynamic. Their efforts save countless hours and untold amounts of money for professional developers everywhere."
More than 500 VSM readers cast votes across 22 categories for products that demonstrated the best and most innovative third-party support for Visual Studio.
"It's an honor to have Compuware DevPartner Studio continually recognized by VSM readers," said Kim Turner, Vice President of Quality Solutions at Compuware Corporation. "It is well known that the cost to resolve quality and performance problems becomes exponentially higher after an application goes live. This award is a testament to Compuware's commitment to helping IT build quality and performance into applications from the earliest phases of the development life cycle."
DevPartner Studio is a comprehensive code quality suite that boosts development productivity by automating time consuming tasks such as source code reviews, troubleshooting, performance profiling and unit test validation for Microsoft .NET and native Windows platforms. Using DevPartner Studio, developers can automatically detect and diagnose software defects and performance problems early in the development process and as cost-effectively as possible.
Compuware Corporation
Compuware Corporation makes IT rock around the world, helping CIOs optimize IT performance to achieve business goals. Compuware solutions accelerate the development, improve the quality and enhance the performance of critical business systems while enabling CIOs to align and govern the entire IT portfolio, increasing efficiency, cost control and employee productivity throughout the IT organization. Founded in 1973, Compuware serves the world's leading IT organizations, including more than 90 percent of the Fortune 100 companies. Learn more about Compuware at http://www.compuware.com/ .
About Visual Studio Magazine
1105 Redmond Media Group's Visual Studio Magazine provides independent, how-to, practical articles that teach enterprise developers how to create applications with Visual Studio better, faster and more easily. The award-winning editorial reaches the core of the Microsoft developer community -- software architects, senior developers and development managers. The publication reaches 85,000 subscribers monthly. For more information, visit http://visualstudiomagazine.com/ .
Press Contact
Kayla Siefker, Compuware Communications and Investor Relations, kayla.siefker@compuware.com, 313-227-1402
For Sales and Marketing Information
Compuware Corporation, One Campus Martius, Detroit, MI 48226, 800-521-9353, http://www.compuware.com/
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Compuware Corporation
CONTACT: Kayla Siefker, Compuware Communications and Investor Relations,
+1-313-227-1402, kayla.siefker@compuware.com
Web site: http://www.compuware.com/
http://visualstudiomagazine.com/
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Spare Backup, Inc. Launches 'Corporate Protection Products' Line by Inking Partnership Deal With Leading Electronics ManufacturerMarket Demand Fuels Company's Decision to Expand Enterprise Capabilities of its Popular Automated, Online Backup Applications
PALM DESERT, Calif., July 30 /PRNewswire-FirstCall/ -- Spare Backup, Inc. (BULLETIN BOARD: SPBU) , a leading provider of automated, online backup applications, has today announced the expansion of its enterprise-level "Corporate Protection Products" with the receipt of its first purchase order from VAIO North America, a division of Sony Electronics.
This announcement comes on the heels of Spare Backup's recent focus on enterprise-level solutions, bringing its reliable, automated data storage services to IT managers and business executives at large corporations around the globe.
"We are very pleased that Sony's VAIO division has chosen to use Spare Backup for its enterprise storage needs," said Cery Perle, CEO of Spare Backup, Inc. "Within days of making this information public, we have already been approached by other large corporations that are interested in aligning themselves with Spare Backup, and we are confident that our revenue in the Third Quarter will only continue to increase because of this."
With Spare Backup's "Corporate Protection Products" line, system administrators using the software will have the ability to define business rules for protecting and preserving their valuable corporate assets on business-class desktops, laptops and Windows servers. Account status and passwords can be changed and secure license keys can be distributed in a matter of seconds, all on an easy-to-use web interface.
Additionally, the "Corporate Protection Products" line provides customizable choices, such as backup throttling to minimize CPU usage on slower machines and an auto pause feature to ensure that a backup does not affect computer usage. It even includes a bandwidth throttling to ensure that backups do not utilize the entire Internet bandwidth and slow down other Internet-intensive programs.
To ensure the utmost in security, data stored using Spare Backup is first encrypted and then housed in Tier-3 data centers, which are the most secure back office protection methods currently on the market. The "Corporate Protection Products" line's predictive software also determines when a disk failure might occur and moves the data to a healthy drive to offer the ultimate in data protection.
"Even the most reliable hard drives have an eventual failure rate of 100%, and large and small companies alike are haunted by the realization that their important corporate files are at risk," continued Perle. "Now that we've helped a substantial number of small- to mid-sized businesses alleviate the headaches caused by lost data, we are looking forward to doing the same at the enterprise level."
For additional information, visit http://www.sparebackup.com/. For media relations, please contact Maria-Christina Zajac at Avalanche Strategic Communications, 201-488-0049 or maria-christina@avalanchepr.com.
About Spare Backup, Inc.:
Spare Backup, Inc. specializes in helping consumers, small office/home office users, and small to mid-sized businesses protect their computer data quickly, automatically and cost-effectively. The company's flagship Spare Backup product is the first totally automated online backup service that intelligently selects, secures and stores files without any user intervention, automatically backing up documents, email, music, photos and other PC files on a continuous basis or according to the schedule of the user's choice. The company is headquartered in Palm Desert, California.
Safe Harbor Statement:
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts, which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the possibility of unknown factors, as well as other factors beyond the control of the company, actual results may differ materially from the expectations expressed in the forward-looking statement. An investment in our common stock involves a significant degree of risk. You should not invest in our common stock unless you can afford to lose your entire investment. You should consider carefully all risk factors and other information in our annual report and quarterly filings before deciding to invest in our common stock. If any of the following risks and uncertainties develops into actual events, our business, financial condition or results of operations could be materially adversely affected and you could lose your entire investment in our company.
Press Contact: Maria-Christina Zajac
One University Plaza, Suite 407
Hackensack, New Jersey 07601
maria-christina@avalanchepr.com
tel: 201.488.0049
fax: 201.488.1550
Spare Backup, Inc.
CONTACT: Maria-Christina Zajac, +1-201-488-0049, or fax,
+1-201-488-1550, maria-christina@avalanchepr.com, for Spare Backup, Inc.
Web site: http://www.sparebackup.com/
L-1 Identity Solutions Reports Second Quarter 2008 Financial ResultsRevenue and Adjusted EBITDA Increased 61 Percent; Organic Growth in Revenue of 22 Percent
STAMFORD, Conn., July 30 /PRNewswire-FirstCall/ -- L-1 Identity Solutions, Inc., , a leading provider of identity solutions and services, today announced financial results for the second quarter and six months ended June 30, 2008.
Revenue for the second quarter of 2008 was $145.0 million compared to $90.1 million in the second quarter of 2007, an increase of $54.9 million or 61 percent. Organic growth in the quarter was 22 percent and reflects strong demand for credentialing solutions, continued growth from intelligence service business and increases from enrollment and background screening services.
Gross margin for the second quarter 2008 was approximately 33 percent compared to 31 percent in the second quarter of 2007. Gross margin improvements reflect higher revenues from biometric solutions and the impact of improved leverage.
Adjusted EBITDA for the second quarter of 2008 improved to $22.5 million from $14.1 million for the same period in the prior year, an increase of $8.4 million, or 60 percent, reflecting the impact of organic sales growth, acquisitions and improved operating leverage. Second quarter 2008 operating expenses as a percentage of revenue decreased to 27 percent compared to 28 percent in the second quarter of 2007.
The Company reported second quarter net income of $3.2 million, or $0.04 per diluted share compared to a net loss of $1.2 million, or ($0.02) per diluted share in the second quarter of 2007 based on weighted average diluted shares outstanding of 74.8 million in the second quarter of 2008 compared to 71.3 million in the prior year period. Included in the Company's second quarter net income are expenses of $13.7 million for non-cash items related to the amortization of intangibles, stock-based compensation and depreciation, compared to $11.9 million in the second quarter of 2007.
"I am pleased with the results for the quarter and applaud the efforts of our divisions in working together to help us achieve our financial targets for the first six months of 2008," said Robert V. LaPenta, Chairman, President and CEO of L-1 Identity Solutions. "Strong momentum from the first half of the year, fueled by an excellent pipeline of biometric division opportunities, intelligence contracts and secure credentialing solutions as evidenced by the recently expanded U.S. Passport Card contract and a new award for the Border Crossing Card, provide positive momentum for the second half of 2008."
Year to Date Results for the Six Months Ended June 30, 2008
Revenue for the first six months of 2008 was $260.9 million compared with $160.1 million for the same period in the prior year, representing an increase of $100.8 million. The Company's organic revenue grew by 21 percent for the first half of 2008 compared to the first half of 2007.
Gross margin for the first six months of 2008 was 30 percent, compared to 28 percent in the same period in 2007 with improvements reflecting higher revenues from biometric solutions and the impact of improved leverage.
Adjusted EBITDA for the first six months of 2008 was $35.2 million compared to $19.8 million for the same period in 2007, representing a 78 percent increase. The increase in Adjusted EBITDA for the first six months of 2008 reflects the impact of higher revenues and improved operating leverage. Operating expenses as a percentage of revenues decreased to 27 percent in the first six months of 2008 from 31 percent in the first six months of 2007.
For the first six months ended June 30, 2008, the Company reported a net income of $1.3 million, or $0.02 per diluted share compared to a net loss of $10.0 million, or ($0.14) per diluted share in the first six months of 2007. Diluted weighted average shares outstanding increased to 73.8 million from 71.9 million in the prior year. Included in the company's six months net income for 2008 and net loss for 2007 are approximately $26.5 million and $23.7 million, respectively, of expenses for non-cash items related to the amortization of intangibles, stock-based compensation and depreciation.
The Company's first half 2008 revenue of $260.9 million, together with expected revenues from the Company's current backlog of approximately $800.0 million, represents approximately 85 percent of the Company's 2008 revenue target.
Second Quarter Highlights
-- L-1 was awarded the U.S. Passport Card contract with a negotiated value
of $215 million over five years and L-1 was awarded $24.8 million over
five years for the new U.S. Border Crossing Card (BCC) as part of an
expansion to the U.S. Passport Card program. Together, the value of
the prime contract award combined with the BCC award brings the value
of the Department of State contract with L-1 to approximately $239
million over five years.
-- The acquisition of the ID Systems Business of Digimarc Corporation
remains on course for completion in the second half of 2008. The
Company received early termination from the Federal Trade Commission of
the waiting period under the Hart-Scott-Rodino Act and the Company's
$310 million all cash tender offer was unanimously approved by
Digimarc's board of directors.
-- Enrollment services momentum in the quarter included an award of a
Master Contract with Washington State Department of Social and Health
Services (DSHS) for Civil Applicant Fingerprinting and L-1 Live Scan
technology was provided for Connecticut's first full-service applicant
fingerprinting and background check facility. In the first half of 2008
L-1 processed 647,000 prints, an increase of 36 percent over the print
volume experienced in the first half of 2007.
-- The demand for HIIDE biometric enrollment and recognition devices
continued with the Company receiving a $4.9 million task order in the
quarter.
-- A new Live Scan device was unveiled in the quarter, the TouchPrint(TM)
Enhanced Definition 4800 Live Scan, which captures forensic-quality ten
print and palm images on a single platen.
-- Opportunities for iris technologies continued to open up, in part
predicated by the resolution of the dispute with LG Electronics. L-1
also released the latest state-of-the-art iris algorithm, L-1's
proprietary Daugman '08.
-- The Enterprise Access Control Division continued the pace of innovation
by introducing the next generation 3D face reader for hands-free,
secure physical access control.
-- The Secure Credentialing Division had over $16.0 million in extensions
to existing driver's license contracts in the quarter.
-- REAL ID grants of nearly $80 million were released in June 2008 to
assist states in improving the security of state-issued driver's
licenses (DL) and identification documents (ID). Grants will fund
state-specific projects like improving the physical security of
licenses, upgrading facility security, and modernizing document imaging
and storage. Of that, current L-1 customers have been granted $16.0 -
$18.0 million.
-- L-1 is the current technology, infrastructure and maintenance provider
for the Registered Traveler (RT) program and the Company received
orders to deploy lanes at one new airport and six new terminals in the
second quarter. Today the RT program has 129,417 active members and L-
1 provides and supports RT kiosks located in 17 airports across the U.S.
Forward Looking Financial Expectations
The Company expects revenue for the third quarter ending September 30, 2008 of between $140.0 million and $150.0 million, with Adjusted EBITDA of $20.0 million to $23.0 million and EPS in the range of $0.04 to $0.06.
The Company expects revenue for the full year ending December 31, 2008 of approximately $555.0 million - $575.0 million, Adjusted EBITDA of $80.0 million - $85.0 million and unlevered free cash flow of $60.0 million - $65.0 million.
On a pro forma basis, assuming the pending Digimarc transaction closed at the start of the 2008 calendar year, the Company expects revenues of approximately $670.0 million, adjusted EBITDA of $110.0 million including expected operational efficiencies, unlevered free cash flow of $75.0 million and a backlog of $1.0 billion. In addition, L-1 expects to recognize synergies and additional operating efficiencies once the businesses are combined.
Conference Call Information
The Company will host a conference call with the investment community to discuss its operating results and outlook beginning at 11:00 a.m. (ET) today.
The conference call will be available live over the Internet at the investor relations section of the L-1 website at http://www.l1id.com/. To listen to the conference call, please dial 888-694-4641 using the passcode 51393020. For callers outside the U.S., please dial 973-582-2734 with the passcode 51393020. A recording of the conference call will be available starting one hour after the completion of the call. To access the replay, please dial 800-642-1687 and use passcode 51393020. To access the replay from outside the U.S., dial 706-645-9291 and use passcode 51393020.
Pro Forma Information
Pro Forma information presented in this press release reflects results after giving effect to the acquisitions consummated after January 1, 2008 as if they had occurred on January 1, 2008.
Organic Growth
Organic growth represents the increase in revenues in the current period, expressed as a percentage, for businesses included for the entire period in the current year over the revenues in the corresponding period in the previous year, assuming the same businesses had been acquired at the beginning of the prior year period.
Adjusted EBITDA
L-1 Identity Solutions uses Adjusted EBITDA as a non-GAAP financial performance measurement. Adjusted EBITDA is calculated by adding back to net income (loss) interest, income taxes, depreciation, amortization, and stock-based compensation expense. Adjusted EBITDA is provided to investors to supplement the results of operations reported in accordance with GAAP. Management believes Adjusted EBITDA is useful to help investors analyze the operating trends of the business before and after the adoption of SFAS 123 ( R ) and to assess the relative underlying performance of businesses with different capital and tax structures. Management believes that Adjusted EBITDA provides an additional tool for investors to use in comparing L-1 Identity Solutions financial results with other companies in the industry, many of which also use Adjusted EBITDA in their communications to investors. By excluding non-cash charges such as amortization, depreciation and stock-based compensation, as well as non-operating charges for interest and income taxes, investors can evaluate the Company's operations and can compare its results on a more consistent basis to the results of other companies in the industry. Management also uses Adjusted EBITDA to evaluate potential acquisitions, establish internal budgets and goals, and evaluate performance of its business units and management.
L-1 Identity Solutions considers Adjusted EBITDA to be an important indicator of the Company's operational strength and performance of its business and a useful measure of the Company's historical and prospective operating trends. However, there are significant limitations to the use of Adjusted EBITDA since it excludes interest income and expense and income taxes, all of which impact the Company's profitability, as well as depreciation and amortization related to the use of long term assets which benefit multiple periods. L-1 Identity Solutions believes that these limitations are compensated by providing Adjusted EBITDA only with GAAP net income (loss) and clearly identifying the difference between the two measures. Consequently, Adjusted EBITDA should not be considered in isolation or as a substitute for net income (loss) presented in accordance with GAAP. Adjusted EBITDA as defined by the Company may not be comparable with similarly named measures provided by other entities. A reconciliation of Adjusted EBITDA to GAAP net income or loss is included in the enclosed schedule. No reconciliation is provided for pro forma Adjusted EBITDA for the year ending on December 31, 2008 assuming the acquisition of Digimarc, since it is not practicable to estimate the corresponding reconciling items or pro forma net income.
Unlevered Free Cash Flow
Unlevered Free Cash Flow represents cash flow from operating activities, plus interest expense less capital expenditures. L-1 believes unlevered free cash flow is a useful measure for assessing the company's liquidity, meeting its debt service requirements and making acquisitions. Unlevered free cash flow is not necessarily comparable to similar measures used by other entities and is not a substitute for GAAP measures of liquidity such as cash flows from operating activities.
About L-1 Identity Solutions
L-1 Identity Solutions, Inc. , together with its portfolio of companies, offers a comprehensive set of products and solutions for protecting and securing personal identities and assets. Leveraging the industry's most advanced multi-modal biometric platform for finger, face and iris recognition, our solutions provide a circle of trust around all aspects of an identity and the credentials assigned to it -- including proofing, enrollment, issuance and usage. With the trust and confidence in individual identities provided by L-1 Identity Solutions, government entities, law enforcement and border management agencies, and commercial enterprises can better guard the public against global terrorism, crime and identity theft fostered by fraudulent identity. L- 1 Identity Solutions is headquartered in Stamford, CT. For more information, visit http://www.l1id.com/.
ID-L
Forward Looking Statements
This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this press release and those made from time to time by L-1 Identity Solutions through its senior management are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's current views based on management's beliefs and assumptions and information currently available. Forward-looking statements concerning future plans or results are necessarily only estimates, and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences include, among other things, the ability of the Company to successfully close the Digimarc transaction on a timely basis (if at all), the availability of government funding for the Company's products and solutions, the size and timing of federal contract awards, performance on existing and future contracts, general economic and political conditions and other factors affecting spending by customers, and the unpredictable nature of working with government agencies. Additional risks and uncertainties are described in the Securities and Exchange Commission filings of the L-1 Identity Solutions, including the Company's Form 10-K for the year ended December 31, 2007, and the Company's Form 10-Q for the quarter ended March 31, 2008. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements.
L-1 Identity Solutions, Inc.
Reconciliation of Adjusted EBITDA to Net Income (Loss) in thousands
(Unaudited)
Historical Periods Quarter Ending Quarter Ending
June 30, 2008 June 30, 2007
Net Income (Loss) $3,182 $(1,197)
Interest Expense, net 3,198 2,172
Depreciation and amortization 10,221 9,360
Stock Based Compensation 3,502 2,514
Income Tax Provision 2,442 1,208
----------------- -----------------
Adjusted EBITDA $22,545 $14,057
Six Months Ending Six Months Ending
June 30, 2008 June 30, 2007
Net Income (Loss) $1,297 $(10,028)
Interest Expense, net 6,459 3,877
Depreciation and amortization 19,894 18,419
Stock Based Compensation 6,563 5,241
Income Tax Provision 979 2,295
----------------- -----------------
Adjusted EBITDA $35,192 $19,804
Prospective Periods Quarter Ending Year Ending
September 30, 2008 December 31, 2008
Net Income (Loss) $3,000 - $6,000 $7,000 - $12,000
Reconciling Items:
Provision for Income Taxes 1,000 6,000
Interest, net 2,000 12,000
Stock-Based Compensation 4,000 15,000
Depreciation and Amortization 10,000 40,000
Adjusted EBITDA $20,000 - $23,000 $80,000 - $85,000
Exhibit II
L-1 Identity Solutions, Inc.
Unlevered Free Cash Flow
(in thousands)
Year Ending
December 31, 2008
Cash Flow from Operating Activities $61,000 - $66,000
Interest Paid 12,000
Tax Effect of Stock Options Exercised 1,000
Taxes Paid 1,000
Interest Income ---
Capital Expenditures (15,000)
Unlevered Free Cash Flow $60,000 - $65,000
L-1 IDENTITY SOLUTIONS, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
June 30, December 31,
2008 2007
Assets
Current assets:
Cash and cash equivalents $8,352 $8,203
Accounts receivable, net 101,341 90,210
Inventory 26,911 21,534
Deferred tax asset 13,253 13,253
Other current assets 6,945 3,890
Total current assets 156,802 137,090
Property and equipment, net 27,201 23,451
Goodwill 1,085,577 1,054,270
Intangible assets, net 186,143 184,237
Deferred tax asset 36,314 37,293
Other assets, net 10,898 9,304
Total assets $1,502,935 $1,445,645
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable and accrued expenses $88,011 $81,549
Current portion of deferred revenue 13,835 12,279
Other current liabilities 3,134 2,393
Total current liabilities 104,980 96,221
Deferred revenue, net of current portion 6,194 4,671
Long-term debt 263,000 259,000
Other long-term liabilities 1,533 1,036
Total liabilities 375,707 360,928
Shareholders' equity:
Common stock, $0.001 par value;
125,000,000 shares authorized; 77,543,090
and 75,146,940 shares issued at June 30,
2008 and December 31, 2007, respectively 78 76
Additional paid-in capital 1,263,311 1,217,840
Pre-paid forward contract (69,808) (69,808)
Treasury stock (6,161) -
Accumulated deficit (68,501) (69,798)
Accumulated other comprehensive income 8,309 6,407
Total shareholders' equity 1,127,228 1,084,717
Total liabilities and shareholders'
equity $1,502,935 $1,445,645
L-1 IDENTITY SOLUTIONS, INC.
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(Unaudited)
Three months ended Six months ended
June 30, June 30, June 30, June 30,
2008 2007 2008 2007
Revenues $144,952 $90,099 $260,947 $160,106
Cost of revenues:
Cost of revenues 91,049 55,856 169,789 102,033
Amortization of acquired
intangible assets 6,277 6,492 12,178 12,965
Total cost of revenues 97,326 62,348 181,967 114,998
Gross profit 47,626 27,751 78,980 45,108
Operating expenses:
Sales and marketing 8,999 7,444 16,484 12,904
Research and development 6,509 4,551 11,842 9,212
General and administrative 23,240 12,946 40,029 26,027
Amortization of acquired
intangible assets 829 700 1,655 868
Total operating expenses 39,577 25,641 70,010 49,011
Operating income (loss) 8,049 2,110 8,970 (3,903)
Interest income 64 99 135 166
Interest expense (3,262) (2,271) (6,594) (4,043)
Other income (expense), net 773 73 (235) 47
Income (loss) before income
taxes 5,624 11 2,276 (7,733)
Provision for income taxes (2,442) (1,208) (979) (2,295)
Net income (loss) $3,182 $(1,197) $1,297 $(10,028)
Net income (loss) per share
Basic $0.04 $(0.02) $0.02 $(0.14)
Dilutive $0.04 $(0.02) $0.02 $(0.14)
Weighted average shares
outstanding
Basic 74,019 71,257 73,085 71,895
Dilutive 74,816 71,257 73,761 71,895
CONTACTS:
Doni Fordyce
L-1 Identity Solutions
203-504-1109
dfordyce@L1ID.com
Steve Lipin
Brunswick Group
212-333-3810
L-1 Identity Solutions, Inc.
CONTACT: Doni Fordyce of L-1 Identity Solutions, +1-203-504-1109,
dfordyce@L1ID.com; or Steve Lipin of Brunswick Group, +1-212-333-3810, for L-1
Identity Solutions
Web site: http://www.l1id.com/
Conspiracy Entertainment to Release 'Summer Athletics' for the PlayStation(R)2 Computer Entertainment System this August
LOS ANGELES, July 30 /PRNewswire-FirstCall/ -- Conspiracy Entertainment Corporation (BULLETIN BOARD: CPYE) , a developer, publisher and marketer of interactive entertainment software in North America and Western Europe, is pleased to announce that "Summer Athletics" for the PlayStation(R)2 computer entertainment system will be released to retail stores in August 2008. Prepare your inner athlete for the ultimate summer challenge as Conspiracy Entertainment's "Summer Athletics" for the PlayStation(R)2 system goes for gold. The suggested retail price of $14.99 USD will make "Summer Athletics" the perfect game for families and casual gamers.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060905/LATU010LOGO )
Sirus Ahmadi, CEO of Conspiracy Entertainment, said, "We are very excited to start rolling 'Summer Athletics' across multiple platforms, including the PlayStation(R)2 system, to North American retailers. We have timed the game's release to ride the wave of excitement surrounding the world summer games in Beijing."
Keith Tanaka, CFO of Conspiracy Entertainment, said, "We believe 'Summer Athletics' will be another successful title for Conspiracy. Priced affordably with all the bells and whistles you'd expect from a PlayStation(R)2 system game, 'Summer Athletics' is a terrific way to entertain the whole family without breaking the bank. We anticipate this third quarter release will help us continue on a path a strong sales growth for the remainder of 2008."
For more information about "Summer Athletics," please visit http://conspiracygames.com/. A digital press kit is available at http://www.calico-media.com/conspiracy/e3/summer_athletics/ .
Developed by 49Games, "Summer Athletics" will bring more than 25 action-packed sports right into your home. "Summer Athletics" is a fresh and fun take on more than 25 sports such as sprinting, archery, javelin, hammer throw and swimming -- all presented in a friendly manner sure to please all types of players. Featuring controls custom-tailored to each platform, the game will be accessible to all types of gamers. A character editor, career mode, 3D animations and realistic environments round out the game's offerings, ensuring fun for the whole family and sports fans alike.
About Conspiracy Entertainment Corporation
Conspiracy Entertainment Corporation is a developer, publisher and marketer of entertainment software in North America and Western Europe. The Company develops and licenses properties from several sources, including global entertainment and media companies and publishes software for DVD media, wireless devices, personal computers and video game consoles, including those manufactured by Nintendo, Sony Computer Entertainment, Inc., and Microsoft Corporation. Conspiracy Entertainment was founded in 1997 and is based in Santa Monica, CA.
"PlayStation" and the "PS" Family logo are registered trademarks of Sony Computer Entertainment.
CONTACT
For media inquiries: Ted Brockwood
Calico Media Communications
ted@calico-media.com
ph. 503.342.8067
Skype & gtalk: tbrockwood | aim: calicomedia
For Investor Relations:
Rick McCaffrey, OTC Financial Network, 781-444-6100 x625
rick@otcfn.com,
http://www.otcfn.com/cpy
Conspiracy Entertainment Corporation
CONTACT: Ted Brockwood of Calico Media Communications, +1-503-342-8067,
ted@calico-media.com, Skype & gtalk: tbrockwood | aim: calicomedia; or
Investor Relations, Rick McCaffrey of OTC Financial Network, +1-781-444-6100,
Ext. 625, rick@otcfn.com, both for Conspiracy Entertainment Corporation
Web site: http://www.conspiracygames.com/
AXS-One Announces Second Quarter Financial Results Conference CallManagement to discuss results on Wednesday, August 13, 2008, at 5 p.m. (Eastern)
RUTHERFORD, N.J., July 30 /PRNewswire-FirstCall/ -- AXS-One Inc. (OTC Bulletin Board: AXSO), a leading provider of the industry's most scalable Records Compliance Management (RCM) software solutions, today announced that it will release its results for the second quarter ended June 30, 2008 on Wednesday, August 13, 2008, after the close of the market. Bill Lyons, Chairman and CEO and Joe Dwyer, CFO, will host a conference call for institutional investors and shareholders to discuss the company's financial results.
Date: Wednesday, August 13, 2008
Time: 5 p.m. Eastern Time
Internet: Webcast can be accessed via the company website at
http://www.axsone.com/investors_events.shtml
Dial-In: 706-645-0399 - Conference ID #58135198
Replay: Conference Call Replay until August 20, 2008 - 706-645-9291
Interested parties may submit questions that they would like answered during the conference call by e-mail to info@axsone.com . The conference call will be webcast live via CCBN and available via the company website: http://www.axsone.com/investors_events.shtml . Interested parties should access the webcast approximately 10-15 minutes before the scheduled start time. The webcast will remain on the AXS-One web site for one month.
The webcast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at http://www.earnings.com/ or by visiting any of the investor sites in CCBN's Individual Investor Network such as America Online's Personal Finance Channel, Fidelity Investments(R) (Fidelity.com) and others. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (http://www.streetevents.com/). StreetEvents allows institutional investors to identify, organize, and track the hundreds of conference calls that occur each day during earnings season, to download events of interest to their Outlook calendar, and to RSVP to events online.
About AXS-One Inc.
AXS-One (BULLETIN BOARD: AXSO) is a leading provider of high performance Records Compliance Management software solutions. The AXS-One Compliance Platform enables organizations to implement secure, scalable and enforceable policies that address records management for corporate governance, legal discovery and industry regulations such as SEC17a-4, NASD 3010, Sarbanes-Oxley, HIPAA, The Patriot Act and Gramm-Leach-Bliley. AXS-One's award-winning technology has been critically acclaimed as best of class and delivers digital archiving, business process management, electronic document delivery and integrated records disposition and discovery for e-mail, instant messaging, images, SAP and other corporate records. Founded in 1979, and headquartered in Rutherford, NJ, AXS-One has offices worldwide including the United States, Australia, Singapore and the United Kingdom. For further information, visit the AXS-One web site at http://www.axsone.com/ .
Company Contact: IR Contact:
Joseph Dwyer Brett Maas or Matthew Hayden
AXS-One Inc. Hayden Communications
jdwyer@axsone.com brett@haydenir.com
(201) 935-3400 (646) 536-7331
AXS-One Inc.
CONTACT: Joseph Dwyer of AXS-One Inc., +1-201-935-3400,
jdwyer@axsone.com, or for IR Contact: Brett Maas or Matthew Hayden both of
Hayden Communications, +1-646-536-7331, brett@haydenir.com
Web site: http://www.axsone.com/
http://www.axsone.com/investors_events.shtml
http://www.earnings.com/
http://www.fidelity.com/
http://www.streetevents.com/
Oracle(R) Database 11g Sets New World Record TPC-H One Terabyte Non-Clustered Benchmark Result on Sun SPARC Enterprise ServerOracle Continues to Demonstrate Groundbreaking Data Warehousing Performance
REDWOOD SHORES, Calif., July 30 /PRNewswire-FirstCall/ -- -- Today, Oracle announced a world record non-clustered TPC-H One Terabyte (TB) benchmark result for Oracle(R) Database 11g running on a Sun SPARC(R) Enterprise Server(1). This benchmark represents the fastest TPC-H One TB performance result for a non-clustered configuration, outperforming the best Microsoft result in this category at a lower price/performance cost(2).
-- Running on a Sun SPARC Enterprise M9000 Server with 32 dual-core SPARC64 VI 2.4 GHz processors using the Solaris(TM) 10 Operating System (OS), Oracle Database 11g achieved a world record non-clustered performance of 118,573.3 QphH1000GB with a price of $24.12/QphH@1000GB. In this benchmark result, Oracle delivered 69 percent more performance at 16 percent less price/performance cost than the best Microsoft TPC-H One TB result.
-- TPC-H is a decision support benchmark consisting of a suite of business-oriented ad-hoc queries and concurrent data modifications. The performance metric is called the TPC-H Composite Query-per-Hour Performance Metric (QphH@Size) and reflects multiple aspects of the capability of the system to process queries. More information is available at http://www.tpc.org/.
Supporting Quotes
-- "Oracle Database 11g continues to prove its leadership in data warehousing by delivering record-breaking performance results," said Juan Loaiza, senior vice president, Systems Technology, Oracle. "We are committed to providing customers with a high performance, scalable foundation for their data warehousing requirements -- these benchmark results demonstrate that Oracle Database 11g delivers on that commitment."
Related Links
Oracle Benchmarks
http://www.oracle.com/solutions/performance_scalability/index.html
Innovate Faster with Oracle Database 11g
http://tinyurl.com/5oszgv
About Oracle Database 11g
Oracle Database is the only database designed for grid computing. With more than 400 new features, 36,000 person-months of development, and 15 million test hours, Oracle Database 11g is making the management of enterprise information easier than ever, enabling customers to know more about their business and innovate more quickly. Oracle Database 11g delivers superior performance, scalability, availability, security and ease of management on a low-cost grid of industry standard storage and servers.
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
Source: Transaction Processing Performance Council (TPC) http://www.tpc.org/
As of July 28, 2008:
(1) Sun SPARC Enterprise M9000 Server , Oracle Database 11g, 118,573.3
QphH1000GB@$24.12/QphH@1000GB, available 09/10/08. (world record
non-clustered performance TPC-H 1 TB result)
(2) HP Integrity Superdome Server, Microsoft SQL Server 2005, 69,999
QphH@1000GB, $28.69/QphH@1000GB, available 6/18/07. (Best Microsoft
SQL Server TPC-H 1 TB result)
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Oracle
CONTACT: Teri Whitaker of Oracle, +1-650-506-9914,
teri.whitaker@oracle.com; or Kristin Reeves of Blanc & Otus, +1-415-856-5145,
kreeves@bando.com, for Oracle
Web site: http://www.oracle.com/
NETGEAR(R) Wireless-N Upgrade Kit Delivers Simple, Secure, Plug-and-Play Solution to Instantly Add Wireless-N to Existing Networks to Provide Faster Wi-Fi Speeds and More Stable, Reliable ConnectionsThe New Wireless-N Upgrade Kit (WNEB3100) Includes NETGEAR's 5GHz Wireless-N Access Point and RangeMax Dual-Band Wireless-N USB Adapter Enabling Users to Instantly Add 5GHz Wireless-N and Upgrade a Computer Without Disrupting the Existing Network
SAN JOSE, Calif., July 30 /PRNewswire-FirstCall/ -- NETGEAR, Inc. , a worldwide provider of technologically advanced, branded networking solutions, today announced the launch of the Wireless-N Upgrade Kit (WNEB3100), a Plug-and-Play solution that makes it fast and easy for users to add 5GHz Wireless-N access to any existing network and upgrade a computer to dual-band Wireless-N to deliver the faster speeds and more reliable connections enabled by 5GHz 802.11n technology.
The Wireless-N Upgrade Kit, which includes the NETGEAR 5GHz Wireless-N HD Access Point (WNHDE111) and RangeMax(TM) Dual-Band Wireless-N Adapter (WNDA3100), enables users to quickly and easily add 5GHz 802.11n to their existing wired or wireless networks. By simply plugging the WNHDE111 into an existing router or gateway (router with integrated modem), users can immediately take advantage of the enhanced performance delivered by 5GHz Wireless-N technology, using the less-congested 5GHz band to provide more channels to deliver faster speeds and more reliable wireless connections. Adding the Wireless-N Upgrade Kit to an existing 802.11b/g network will create a dual-band network capable of supporting any Wi-Fi-compliant computer or device. While laptops with embedded Wireless-N will natively connect at the highest possible Wireless-N speeds, the RangeMax Dual Band Wireless-N Adapter provides a boost in wireless performance to desktops and older laptop computers.
Equipped with industry-standard Wi-Fi Protected Setup (WPS) and pre-configured security, the Wireless-N Upgrade Kit utilizes NETGEAR's "Push 'N' Connect" function which eliminates the need to enter pass codes or long encryption keys and makes it quick and simple to establish secure, reliable communications with any WPS-enabled device. The Wireless-N Upgrade Kit supports automatic Quality of Service (QoS) to ensure superior performance for voice, video and gaming applications.
"The Wireless-N Upgrade kit enables customers with existing gateways and routers from their ISPs to easily add the performance benefits of 5GHz Wireless-N to their networks by simply connecting the kit to their existing wireless equipment, eliminating the need to re-wire, reconfigure or replace any existing equipment," explained Som Pal Choudhury, Senior Product Line Manager for Advanced Wireless at NETGEAR. "The bandwidth limitations of the 802.11g standard, combined with the ever-increasing level of RF interference generated in the home and small business environments by wireless networks, devices and appliances operating in the 2.4GHz frequency band, are creating significant performance challenges for bandwidth-intensive applications operating across 802.11g wireless networks. The Wireless-N Upgrade kit delivers a high-performance wireless network that offers more channels in a less-congested frequency band to deliver the faster speeds and more reliable connections required for applications such as Internet telephony, high- definition video streaming and online gaming. In addition, the kit upgrades a computer to dual-band Wireless-N so consumers can get the maximum benefit of 5 GHz Wireless-N technology, as well as continue to support existing legacy products."
5GHz Wireless-N HD Access Point/Bridge (WNHDE111)
The NETGEAR 5GHz Wireless-N HD Access Point/Bridge (WNHDE111) can be used as a standalone bridge or can function as a 5GHz Wireless-N access point when connected to an existing router or gateway. When wired to any existing 802.11b/g wireless router, the WNHDE111 adds high-performance 5GHz Wireless-N access-point capability to establish a dual-band network that supports new dual-band Wireless-N clients as well as legacy 802.11b/g clients, enabling users to add to any existing network the performance necessary to enable HD video streaming or lag-free gaming over the Wi-Fi compliant 5GHz 802.11n draft 2.0. The WNHDE111 can also act as a bridge to connect game consoles or media receivers such as the NETGEAR Digital Entertainer HD to a dual-band Wireless-N router like the RangeMax Dual Band Wireless-N Router (WNDR3300).
The WNHDE111 uses the 5GHz Wireless-N band enabling it to avoid interference and deliver more reliable, faster connections, while an internal array of six Smart Antennas maximizes performance and range of the access point. Automatic Quality of Service (QoS) ensures lag-free gaming, jitter-free streaming of high-definition video content, and crystal clear Internet telephony calls. The WNHDE111 supports a wireless "ad-hoc" mode for wireless LAN peer-to-peer gaming, and multicast point-to-multi-point high-definition video streaming.
RangeMax Wireless-N Dual Band USB Adapter (WNDA3100)
The RangeMax Dual Band Wireless-N USB 2.0 Adapter (WNDA3100) enables users to upgrade their notebook or desktop PCs to dual-band Wireless-N delivering more wireless channels, less interference and better connections. The adapter is backward compatible with older 802.11g equipment and provides enough bandwidth to support music downloads, file sharing, and high-definition multimedia applications.
The WNDA3100 utilizes patented metamaterial micro-antennas to provide better speed and range than other 802.11n adapters to provide reliable connectivity to both 2.4 GHz and 5 GHz Wireless-N channels.
The NETGEAR Wireless-N Upgrade Kit (WNEB3100) is backed by a one-year warranty and 24/7 technical support, and is available worldwide via select retailers, direct marketers, e-commerce sites, and value-added resellers at a retail price in the U.S. of $149.
About NETGEAR, Inc.
NETGEAR (NASDAQGM: NTGR) designs technologically advanced, branded networking solutions that address the specific needs of small and medium business and home users. The company's product offerings enable users to share Internet access, peripherals, files, digital multimedia content and applications among multiple personal computers and other Internet-enabled devices. As an ENERGY STAR(R) partner, NETGEAR offers products that prevent greenhouse gas emissions by meeting strict energy-efficiency specifications set by the U.S. government. NETGEAR is headquartered in Santa Clara, Calif. For more information, visit the company's Web site at http://www.netgear.com/ or call (408) 907-8000.
(C) 2008 NETGEAR, Inc. NETGEAR(R), RangeMax and the NETGEAR Logo are trademarks or registered trademarks of NETGEAR, Inc. in the United States and/or other countries. Other brand and product names are trademarks or registered trademarks of their respective holders. Information is subject to change without notice. All rights reserved. Actual data throughput will vary from maximum signal rates stipulated. Network conditions and environmental factors, including volume of network traffic, building materials and construction, and network overhead, lower actual data throughput.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc.:
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning the expected performance characteristics, specifications, market acceptance, market growth, specific uses, user feedback and market position of NETGEAR's products and technology are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: the actual price, performance and ease of use of NETGEAR's products may not meet the price, performance and ease of use requirements of customers; product performance may be adversely affected by real world operating conditions; new viruses or Internet threats may develop that challenge the effectiveness of security features in NETGEAR's products; the ability of NETGEAR to market and sell its products and technology; the impact and pricing of competing products; and the introduction of alternative technological solutions. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Part II - Item 1A. Risk Factors", pages 23 through 34, in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended March 30, 2008, filed with the Securities and Exchange Commission on May 9, 2008. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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NAVTEQ(R) Map for Mexico Automotive Grade Quality Enhances GPS FunctionalityLatest Quarterly Release Supports Improved Route Guidance
CHICAGO, July 30 /PRNewswire-FirstCall/ -- NAVTEQ, a leading global provider of digital map data for vehicle navigation and location-based solutions, has announced increased coverage and content in the NAVTEQ map for Mexico that enables improvements to the region's navigation systems functionality. The current map release includes almost 450,000 km of roads and covers the entire population. Twenty-three percent of that population is covered at NAVTEQ's highest quality levels: road network attribute verification, a specification distinctive to NAVTEQ maps.
NAVTEQ collects up to 260 attributes about the road network, such as direction of travel (one-ways), turn restrictions, and addresses providing automotive grade maps for use in line-fit or portable navigation systems. Unique to NAVTEQ, all of their global maps are built to a single data specification with a standard toolkit that supports quality map collection and verification. Local geographic analysts familiar with regional nuances collect and verify the map content using a variety of processes including driving the roads.
"Digital maps that support turn-by-turn vehicle guidance need to be highly accurate, and detailed," stated Eliot Dam, director of product marketing- Americas, NAVTEQ. "Many road attributes such as turn restrictions or other restricted maneuvers are more efficiently collected or verified via in-vehicle processes. Other elements such as small physical barriers can only be collected and verified by geographic analysts on the road."
NAVTEQ has three local offices employing up to thirty geographic analysts. Much of the database production is done locally as well in the Leon production center.
"Because all of our map collection, verification and production processes are standardized against a common database specification, customers can more quickly and easily integrate new quarterly coverage and content into their navigation systems," stated Jim Dineen director and general manager-Latin America, NAVTEQ. "As we add more content and broaden attribute verification, end-users can receive improved routing benefits through the system providers' map update programs."
The NAVTEQ map for Mexico quarterly release program represents NAVTEQ's ongoing commitment to the region. In addition to the Mexico map, NAVTEQ's regional global coverage includes the United States, Canada, and South American coverage in Brazil and Argentina.
About the NAVTEQ Map for Mexico
The NAVTEQ map for Mexico enables automotive-grade turn-by-turn guidance for navigation systems, location-based solutions, and enterprise applications. Local resources employed in three field offices and a production facility in Leon collect and verify the road geometry and up to 260 road attributes. New map content is release quarterly.
About NAVTEQ
NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world. The Chicago-based company was founded in 1985 and has more than 3,600 employees located in 187 offices and in 39 countries.
NAVTEQ is a trademark in the U.S. and other countries. All rights reserved.
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CONTACT: Jennifer Schuh of NAVTEQ, +1-312-894-3913,
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bob@richtermedia.com, for NAVTEQ
Web site: http://www.navteq.com/
Motorola Introduces WLAN Mesh-Enabled Access Point for Hazardous Environment DutyNew AP-5181 Model Extends Wireless Networks into the Petro-chemical, Oil and Gas, Aerospace, Utilities, Mining and Manufacturing Markets
SAN JOSE, Calif., July 30 /PRNewswire-FirstCall/ -- The Enterprise Mobility business of Motorola, Inc. today announced the latest member of its outdoor access point (AP) product family, the Haz-location (Haz-Loc) certified AP-5181, that is designed to extend the wireless enterprise into the harshest work environments. The increasing adoption of WLAN technology and mobile computing in hazardous areas not only leads to improved business processes, but also can be utilized to provide enhancements that keep workers safe.
Petro-chemical, oil and gas, aerospace, power generation and utilities, mining and manufacturing organizations can deploy AP-5181 APs easily without requiring extra cabling by utilizing mesh. Motorola's mesh technology enhances the flexibility on AP placement and lowers the cost for providing network access. The addition of these new AP-5181's in a customer's control network -- the main network used to control plant equipment/machinery -- enables more sensors and metering devices to be supported that provide critical information such as temperature, humidity and pressure readouts of plant machinery resulting in significant cost savings through process control and optimization.
The deployment of AP-5181 APs also extends the IT network outdoors in hard-to-wire environments. The benefit is mobile operator applications that were previously completed in the plant office such as filing field inspections, issuing repair work orders and checking maintenance records and parts inventories can now be done out in the field. In addition, safety applications such as Wi-Fi based video surveillance and personnel location (man-down, mustering) can now be easily and cost effectively deployed in all plant areas including hazardous locations.
"Wireless is the preferred networking choice in many of these harsh environments not only because of its mobility and lower cost benefits, but also for the simple fact that some of these settings have restrictions or special conduit requirements for laying Ethernet cables," said Sujai Hajela, vice president and general manager of Enterprise WLAN, Motorola Enterprise Mobility business. "Motorola is uniquely positioned to offer its customers a complete indoor and outdoor wireless solution that not only meets the needs of the carpeted office but also a business-critical offshore oil/gas platform."
The Motorola AP-5181 is Haz-Loc certified Class1Div2 (C1D2) and ATEX Zone 2 compliant. C1D2 is required for hazardous operation in North America and ATEX Zone 2 is required within the European Union.
Motorola's AP-5181 AP has been engineered for flexibility and ease-of-use for wireless enterprise deployments. Its adaptive architecture enables it to operate as a stand-alone AP or as a switch managed access point for centralized management.
The AP-5181 also provides state-of-the art security with support for Wi-Fi protected access (WPA) and WPA2. Additionally, Motorola's AP-5181 enables its wireless intrusion protection system (WIPS) to monitor, detect, protect and help prevent intrusions to the wireless network.
"Motorola's hardened AP-5181's mesh technology offers Invensys Process Systems and our clients the convenience to place wireless access points in the toughest work environments without the need for additional wires," said Cory Welch, global practice director, Enterprise Architecture and Integration, Invensys Process Systems. "Enterprise wireless LAN solutions from Motorola provide reliable, scalable, high performance connectivity for mobile computing to critical plant assets and real time data, increasing worker productivity, safely and securely."
Enterprise WLAN is part of Motorola's portfolio of innovative wireless broadband solutions and services that complement and complete internet protocol (IP) networks. Delivering IP coverage to virtually all spaces both indoors and outdoors, the portfolio includes fixed broadband, mesh, broadband over powerline, WiMAX and Enterprise WLAN solutions for private and public networks.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
MOTOROLA and the stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2008. All rights reserved.
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CONTACT: Bill Abelson of Motorola Enterprise Mobility business,
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Web site: http://www.motorola.com/
Roz Savage Continues Her Quest to Become First Woman to Row Solo Across the Pacific OceanVoyage on 24-foot Rowboat Named The Brocade Calls Attention to Ocean Pollution Crisis
SAN FRANCISCO, July 30 /PRNewswire-FirstCall/ -- At midnight on May 25, 2008, beneath the Golden Gate Bridge, Roz Savage took her first strokes aboard a 24-foot rowboat named The Brocade, after title sponsor Brocade Communications Systems, Inc. As she rowed out to sea on the ebb tide, Roz officially began her solo journey across the Pacific Ocean. Roz is now approximately halfway to Hawaii, the first milestone on her three-leg journey across the world's largest ocean.
Roz's voyage across the Pacific is sponsored by Brocade, a leading provider of data center networking solutions that help organizations connect, share, and manage their information. The environmental endeavor is also a project of the Blue Frontier Campaign, a non-profit marine conservation organization. In addition, Roz is carrying the message of ocean conservation across the Pacific between national marine sanctuaries that are managed by the National Oceanic and Atmospheric Administration (NOAA). Roz, her sponsors, and partners seek to raise awareness about the devastating effect plastic pollution is having on the planet's oceans and marine wildlife.
"Our sponsorship of Roz is a way of expanding our overall contribution to heightening the awareness of environmental issues," said Michael Klayko, Brocade chief executive officer. "As corporate citizens, we all have a responsibility to prevent pollution, lessen our carbon footprint, and consume less energy. At Brocade, we focus on developing products to provide for 'greener' data centers. We applaud and admire Roz's efforts to raise awareness about environmental issues on her extraordinary voyage."
The San Francisco-to-Hawaii stage spans 2,300 miles. In early 2009, Roz will continue for another 2,600 miles to Tuvalu in the Southwest Pacific, followed by the final leg of her passage to Australia. If successful, she will have rowed 7,200 miles over three years, and will be the first woman in history to row solo across the Pacific Ocean.
"I believe in what I call The Roz Savage challenge. If Roz can row entire oceans to raise awareness of our blue planet in peril from plastic pollution and other environmental abuses, what can each of us do in our daily lives to help make a difference?" said David Helvarg, President of the Blue Frontier Campaign. "We're also honored that as a project of the Blue Frontier Campaign, Roz has chosen to carry a copy of our book 50 Ways to Save the Ocean, aboard the Brocade on her historic Pacific row. She's also come up with a fifty-first way to save the ocean: Do an awe-inspiring act of navigation, endurance, and courage that will inspire others to act."
Roz is no stranger to ocean rowing or setting records. In 2005, she was the only solo woman to compete in the 3,000-mile Atlantic Rowing Race from the Canary Islands to Antigua. She finished the race in 103 days. For Roz, the Pacific row represents an opportunity to communicate the environmental motivation for her adventures, with her efforts focused entirely on calling attention to the importance of marine conservation and publicizing the plight of the world's oceans. "The health of the oceans is essential to the health of our planet. I hope to raise awareness of this vitally important issue by sharing my adventures via the internet, and to motivate people to do their bit to help," Savage said. "I hope to also inspire others to rise to their own challenges-no matter how big or daunting those challenges may seem."
During Roz's first attempt to row across the Pacific in July 2007, gale force winds and 20-foot-high waves capsized her boat several times less than two weeks into her journey. When a concerned well-wisher called in the Coast Guard, Roz was rescued from the dangerous conditions. After returning to dry land, Roz immediately began preparations for her second attempt.
To learn more about Roz's journey across the Pacific, visit http://www.rozrowsthebrocade.com/. For interview arrangements, photo requests, or to secure b-roll, please contact Maayan Katz at Maayan.Katz@OgilvyPR.com or (415) 677-2719.
About Brocade
Brocade(R) is a 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.
About Roz Savage
Born in Cheshire, England, Roz Savage uses her ocean adventures to raise awareness of environmental issues and inspire others to rise to their own challenges. In 2005, she was the only solo woman to compete in the 3,000-mile Atlantic Rowing Race from the Canary Islands to Antigua. In 2007, she announced her bid to become the first woman ever to row solo across the Pacific Ocean from the United States to Australia. Roz's book of her Atlantic voyage, One Stroke at a Time, will be published in 2009 by Simon & Schuster. Additionally, a documentary on her adventures, Savage and the Sea, will be produced in three episodes, one for each of the three stages of the row, and eventually a feature-length documentary will be released. For more information, visit the Roz Savage Web site at http://www.rozsavage.com/.
About The Blue Frontier Campaign
The Blue Frontier Campaign was founded in 2003 by David Helvarg, author of Blue Frontier: Dispatches from America's Ocean Wilderness. It works to support seaweed (marine grassroots) efforts at the local, regional, and national level, with an emphasis on bottom-up organizing to bring the voice of citizen- activists into national decision-making that will impact our public seas. There are now some 2,000 blue groups working on ocean and coastal conservation but largely operating in isolation, and with little coordinated effort among them. Blue Frontier's mission is to strengthen this constituency through building unity, providing tools, and enhancing public awareness of both the challenges and solutions being offered by these groups to the various threats facing our living oceans. For more information, visit the Blue Frontier Web site at http://www.bluefront.org/.
About the National Marine Sanctuary System
National marine sanctuaries are America's ocean and Great Lakes treasures. The National Oceanic and Atmospheric Administration (NOAA) manages a system of 13 national marine sanctuaries and the Papahaunaumokuakea Marine National Monument. Sanctuaries promote conservation while facilitating compatible commercial and recreational activities, and help preserve our Nation's natural and cultural treasures for future generations. To do this, marine sanctuaries conduct science and education activities and work with the public to manage and protect special areas of the marine environment. For more information, visit http://www.sanctuaries.noaa.gov/.
Brocade, Fabric OS, File Lifecycle Manager, MyView, and StorageX are registered trademarks and the Brocade B-wing symbol, DCX, and SAN Health are trademarks of Brocade Communications Systems, Inc., in the United States and/or in 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 Communications Systems, Inc.
CONTACT: Media Relations, Leslie Davis of Brocade Communications
Systems, Inc., +1-408-333-5260, lmdavis@brocade.com; or Maayan Katz of Ogilvy
Public Relations, +1-415-677-2719, maayan.katz@ogilvypr.com, for Brocade
Communications Systems, Inc.
Web site: http://www.brocade.com/
http://www.rozrowsthebrocade.com/
http://www.rozsavage.com/
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