Companies news of 2008-08-25 (page 4)
JDSU Hosts First Annual Optical Communications Supplier EventMore Than 100 Optical...
Atmel Targets Low Power Designs With World's First 1.8V 8-Megabit Serial Flash
National Semiconductor's New Amplifier Family Eliminates EMI-Induced Errors in Analog...
MediaFLO USA Brings Expanded Live News Coverage to AT&T and Verizon Wireless Phones With...
Great American Cookies Presents an Easy Way to Enjoy Cookie Cakes All Year Long - Online...
FiberTower Announces Conference Schedule
[video] Malcolm Philips, CEO of CDEX, Inc. Discusses First Shipments of ValiMed(TM) Model...
Yucheng Technologies Announces the Formation of Elegon, a Joint Venture with 3i Infotech
China Gengsheng Minerals, Inc. Establishes $1.17 Million Secured Credit Line
Broadcom to Acquire Digital TV Business from AMDAcquisition Expected to Bring Broadcom...
Pericom Semiconductor Elects Michael J. Sophie to Its Board of Directors
Telenet Chooses Sonus Networks to Deliver New Services to Business UsersLargest Cable...
Calypso Wireless, Inc. Announces the European Patents for Its ASNAP(TM) Technology Have...
Formula Systems Reports Second Quarter Results
AT&T U-verse Arrives in South BendSouth Bend Customers Can Now Enjoy Next-Generation...
Hill-Rom Asia-Pacific Innovation Center Holds Opening Event in SingaporeNew Center...
JDSU Hosts First Annual Optical Communications Supplier EventMore Than 100 Optical Supplier Attendees Met with JDSU to Drive Operational Excellence and Lean Initiatives; Key Suppliers Recognized for Outstanding Performance
MILPITAS, Calif., Aug. 25 /PRNewswire-FirstCall/ -- JDSU(R) (Nasdaq: JDSU; TSX: JDU) today announced that it held its first-ever JDSU Optical Communications Supplier Event last week at the Crowne Plaza Hotel in Milpitas, California. Over a two day period, business strategy discussions between JDSU and its optical suppliers were centered around the theme "Driving Operational Excellence Through Lean Principles." The event was designed to further strengthen partnerships so that JDSU and its suppliers can drive more responsive and efficient business models throughout the Optical Communications supply chain.
In addition to business discussions, an awards ceremony was held to recognize key optical suppliers for their outstanding performance in the areas of Technology, Quality, Responsiveness, Delivery and Cost. Winners included AC Photonics, Inc., Analog Devices, Inc., Belton Technology, Comcore Technologies, Inc., Eudyna Devices, Inc., Fabrinet, and Marlow Industries, a subsidiary of II-VI Incorporated.
"JDSU is leading the way to secure the entire optical network supply chain by driving Lean and Operational Excellence initiatives across both the transport and transmission segments of the industry," said John Callahan, vice president of Procurement in JDSU's Optical Communications business segment. "A core part of our strategy is to have very tight cooperation with suppliers, so that together we can build innovative and agile products that also support reduced lead times, lower inventory levels and faster cycle times for our customers."
JDSU partners with optical suppliers for mechanical, optical and electronic elements as well as contract manufacturing services to build optical component solutions. These solutions are then used by network equipment manufacturers (NEMs) and service providers to build or upgrade their optical network infrastructures.
In recent years, the amount of network traffic and the unpredictability of traffic traveling over optical networks have soared due to the rise in popularity of on-demand applications such as YouTube, iTunes and MySpace among consumers. As bandwidth demands rise, NEMs have begun to streamline their operations to meet service provider needs for rapid and cost-effective network buildouts. In turn, optical vendors have been required to implement Lean initiatives to reduce waste and cost in order to meet the NEMs' requirements for faster turnaround times. The vendors that supply parts to optical vendors such as JDSU must also be able to meet these supply demands.
"Lean initiatives are a key way that JDSU is redefining the development and launch of new products that are more robust and designed for high yields," said Theresa Ende, vice president of Supply Chain Operations in JDSU's Optical Communications business segment. "It's all about developing business processes that are highly scalable to support our customers' needs, and we couldn't do that without also working with quality suppliers to optimize the global supply chain."
About JDSU
JDSU (Nasdaq: JDSU; TSX: JDU) enables broadband and optical innovation in the communications, commercial and consumer markets. JDSU is the leading provider of communications test and measurement solutions and optical products for telecommunications service providers, cable operators, and network equipment manufacturers. JDSU is also a leading provider of innovative optical solutions for medical/environmental instrumentation, semiconductor processing, display, brand authentication, aerospace and defense, and decorative applications. More information is available at http://www.jdsu.com/.
JDSU and the JDSU logo are registered trademarks or trademarks of JDS Uniphase Corporation and/or its affiliates in the United States and other countries. Other company and product names may be the trademarks of their respective owners.
Contact Information
JDSU
Investors: Michelle Levine 408-546-4421 or investor.relations@jdsu.com
Press: Noel Bilodeau 408-546-4567 or noel.bilodeau@jdsu.com
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050913/SFTU125LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
JDSU
CONTACT: investors, Michelle Levine, +1-408-546-4421, investor.relations@jdsu.com, for JDSU; or media, Noel Bilodeau of JDSU, +1-408-546-4567, noel.bilodeau@jdsu.com
Web site: http://www.jdsu.com/
Atmel Targets Low Power Designs With World's First 1.8V 8-Megabit Serial Flash
SAN JOSE, Calif., Aug. 25 /PRNewswire-FirstCall/ -- Atmel(R) Corporation announced today the production availability of its new AT25DF081, the industry's first 8-megabit Serial Flash device capable of operating at 1.8-volts. With a low-voltage operating range of 1.65V to 1.95V, the AT25DF081 operates at the same voltage range as many current and upcoming sub-90nm ASICs and processors/controllers which allows system designers to finally create applications that can utilize a single supply voltage for all components in the system while also saving a significant amount of cost. Unlike devices that are screened to operate at lower voltages and subsequently de-rated, the AT25DF081 was designed specifically to operate at 1.8 volts, enabling the device to retain the same high levels of performance as its 3-volt counterpart.
Atmel developed the AT25DF081 based on direct, specific needs from its customers who use the devices to store both program code and data in battery-powered, portable consumer products such as personal media players (PMPs) and smartphones. The AT25DF081 addresses the key, main concerns when choosing to use Serial Flash for portable designs. First and foremost, because the AT25DF081 is used as a boot and code shadowing Flash memory, read performance from the Serial Flash is critical in order to keep the applications' power-up boot time as short as possible to appease the instant-on expectations of consumers. The 66MHz operation of the AT25DF081 addresses this concern and can enable an application to shadow the entire contents of the memory in under a very short 130 milliseconds.
The 1.8-volt capability of the AT25DF081 solves the additional, common issues that plague any portable design. By having a complete system operate at a unified 1.8 volts, system designs can be fully optimized to provide the lowest power consumption and longest battery life possible. Precious board space, weight, and system cost can also be significantly reduced by simplifying the embedded power-supply circuitry and eliminating the need for an additional LDO (low dropout regulator) and associated passive components that would otherwise be necessary for a 3-volt Serial Flash memory. In addition, since the AT25DF081 can operate at the same voltage as the ASIC or processor/controller, there is no need for level shifters on control and data lines, resulting in further savings.
"Ever since Atmel introduced the world's first Serial Flash in 1997, we have been a consistent leader in Serial Flash memories and have continued to work diligently to align our product roadmaps with our customers', ensuring that we define the right products to meet their future design needs," stated Richard De Caro, Atmel's Director of Strategic Marketing for its Memory Business Unit. "The AT25DF081 is a clear case in which we listened to our customers and developed a product that allows them to design their applications to be smaller, lighter, and last longer, all at a lower cost and without sacrificing performance," continued De Caro.
Availability and Pricing
The AT25DF081 is available now for both samples and production volumes. The AT25DF081 is offered in three different package options comprising of an 8-lead, 150-mil wide "narrow-body" SOIC, an 8-contact, 5mm x 6mm x 0.6mm Ultra Thin DFN (UDFN), and an extremely small, 0.4mm thin 11-ball dBGA (WLCSP). In 10,000 unit quantities, prices start at $0.66, $0.70, and $0.83 for the three respective package options.
About Atmel
Atmel is a worldwide leader in the design and manufacture of microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions focused on consumer, industrial, security, communications, computing and automotive markets.
(C) 2008 Atmel Corporation. All Rights Reserved. Atmel(R), logo and combinations thereof, and others, are registered trademarks, or trademarks of Atmel Corporation or its subsidiaries. Other terms and product names may be trademarks of others.
Information:
Atmel's AT25DF081 product information may be retrieved at, http://www.atmel.com/dyn/products/product_card.asp?part_id=4220 For further information on Atmel's Serial Flash offerings, visit http://www.atmel.com/products/SFlash/default.asp
Press Contacts:
Richard De Caro, Director of Strategic Marketing -- Memory Business Unit
Tel: (+1) 916-933-1033, Email: richard.decaro@atmel.com
Helen Perlegos, Public Relations
Tel: (+1) 408 487-2963, Email: hperlegos@atmel.com
Atmel Corporation
CONTACT: Richard De Caro, Director of Strategic Marketing, Memory Business Unit, +1-916-933-1033, richard.decaro@atmel.com, or Helen Perlegos, Public Relations, +1-408-487-2963, hperlegos@atmel.com, both of Atmel Corporation
Web site: http://www.atmel.com/
National Semiconductor's New Amplifier Family Eliminates EMI-Induced Errors in Analog SystemsPowerWise Op Amps with Integrated EMI Filters Enable Systems to Maintain Optimal Accuracy
SANTA CLARA, Calif., Aug. 25 /PRNewswire-FirstCall/ -- National Semiconductor Corp. today introduced three new operational amplifiers (op amps) with integrated electromagnetic interference (EMI) filters that maintain the accuracy of analog systems by reducing the effects of radio frequency (RF) interference. The LMV83x op amps deliver the industry's highest EMI rejection ratio (EMIRR) of 120 dB, thereby eliminating EMI-induced errors. They also feature 3 MHz unity gain bandwidth while operating on only 240 uA of supply current. This yields a power-to-performance ratio of 80 uA per MHz, which places these devices among National's PowerWise(R) family of energy-efficient products.
The LMV831 single, LMV832 dual and LMV834 quad EMI-hardened op amps reduce development time and board size by minimizing the need for metal shielding, filters and extra components. They are well-suited for use in phone accessories, medical instruments, precision weigh scales and other industrial electronic equipment that are sensitive to electromagnetic disturbances in noisy environments. For example, an injected RF signal in a weigh scale can result in as much as 1V of output offset, which would diminish a 10-bit analog-to-digital converter's (ADC's) resolution (1024 codes) to the equivalent of only 3-bits. Using an LMV83x op amp would only reduce resolution by 0.2-bits. A wide range of applications can benefit from EMI protection, including filters/buffers, photodiode preamp and piezoelectric sensors.
National's LMV83x devices join the previously released LMV851/52/54 with 8 MHz unity gain bandwidth and LMV861/62 with 30 MHz of unity gain bandwidth. They are built on National's proprietary CMOS7 process technology, which enables optimal performance while maximizing power-efficiency.
To assist engineers with determining an op amp's EMI robustness, National developed the EMIRR specification (app note: AN-1698 http://www.national.com/an/AN/AN-1698.pdf), which quantifies how well various pins of the op amp reject RF interference. Evaluation boards are also available to accelerate the design process. Additionally, National provides signal path solutions by offering the LMV83x devices and 10-bit and 12-bit ADCs with 1 LSB performance and either a serial peripheral interface (SPI) or I2C interface. These ADCs include the ADC121SXX1, ADC101Sxx1, ADC122SXX1, ADC102Sxx1, ADC124SXX1, ADC104Sxx1, ADC128SXX2 and ADC108Sxx2 with SPI, and the ADC121C021 and ADC101C021 with I2C interface.
Technical Features of LMV831/32/34 EMI-Hardened Op Amps
The LMV831 single, LMV832 dual and LMV834 quad op amps feature CMOS inputs, a maximum input offset voltage of 1 mV, a rail-to-rail output stage and an input common-mode voltage range that includes ground. These devices provide a common-mode rejection ratio (CMRR) and a power supply rejection ratio (PSRR) of 93 dB. The LMV83x devices maintain stability for capacitive loads as large as 200 pF and offer a wide temperature range of -40 degrees C to 125 degrees C. The LMV831 is offered in a 5-pin SC70 package, while the LMV832 is offered in an 8-pin MSOP package and the LMV834 is offered in a 14-pin TSSOP package.
About National's Amplifier Portfolio
Specializing in high-performance amplifiers and comparators, National Semiconductor offers a complete portfolio of op amps addressing the high-speed, precision, low-voltage and low-power markets with products ranging from building-block ICs to application-specific standard products (ASSPs). The company has a long history of setting industry standards in amplifiers and continues this trend with product releases on National's advanced VIP10 bipolar and VIP50 BiCMOS processes. National also leads the industry in packaging technology with its revolutionary Silicon Dust(TM) and micro SMD packaging technologies. For more information on National's amplifier products, visit http://www.national.com/amplifiers.
Pricing and Availability
The LMV831 is priced at 55 cents each, the LMV832 is 79 cents each, and the LMV834 is priced at $1.10 each in 1,000-unit quantities. Samples of all three EMI-hardened op amps are available now and production quantities will be available in third quarter 2008.
For more information or to order samples and an evaluation board, visit http://www.national.com/pf/LM/LMV831.html, http://www.national.com/pf/LM/LMV832.html, and http://www.national.com/pf/LM/LMV834.html. National's WEBENCH(R) Amplifiers Designer online tool supports a large selection of amplifiers. To explore these solutions, visit http://www.national.com/webench. To learn more about designing with amplifiers, visit our library at http://www.national.com/onlineseminar/#amps.
About National's PowerWise Brand
National's PowerWise brand reflects the company's energy-efficient product portfolio. It signifies products with outstanding performance-to-power at the component level, as well as products that provide an outstanding, energy-efficient solution when coupled with other National parts. National's PowerWise family of products features energy-efficient power management, operational amplifiers, interface, and data conversion products. For more information about National's PowerWise brand, visit: http://www.national.com/powerwise.
About National Semiconductor
National Semiconductor creates energy-efficient analog and mixed-signal semiconductors. Its PowerWise(R) products enable systems that consume less power, extend battery life, and generate less heat. Headquartered in Santa Clara, Calif., National reported sales of $1.89 billion for fiscal 2008 which ended May 25, 2008. Additional company and product information is available at http://www.national.com/.
PowerWise and WEBENCH are registered trademarks and Silicon Dust is a trademark of National Semiconductor Corporation.
Media Contact Reader Information
Mark Alden Design Support Group
National Semiconductor (800) 272-9959
(408) 721-6929 World Wide Web
mark.alden@nsc.com http://www.national.com/
National Semiconductor
CONTACT: media, Mark Alden, +1-408-721-6929, mark.alden@nsc.com, or Reader Information, Design Support Group, 1-800-272-9959, both of National Semiconductor
Web site: http://www.national.com/
MediaFLO USA Brings Expanded Live News Coverage to AT&T and Verizon Wireless Phones With Addition of NBC Universal's CNBC and MSNBC, FOX News Channels- Award-winning Mobile TV Service Delivers Unrivalled Array of Live Breaking News and In-depth Analysis in Time for Party Conventions -
SAN DIEGO, Aug. 25 /PRNewswire-FirstCall/ -- MediaFLO USA, a wholly owned subsidiary of Qualcomm Incorporated , has expanded its news coverage to include three new standalone full-time 24/7 news channels to its award-winning mobile TV service: CNBC and MSNBC from NBC Universal, and FOX News. The new channels significantly increase the amount of live breaking news and in-depth current affairs programming available to AT&T and Verizon Wireless subscribers and will launch in time for the political party convention season. MediaFLO USA's mobile TV service is available to AT&T subscribers as AT&T Mobile TV and to Verizon Wireless customers as V CAST Mobile TV.
"The FLO TV service allows consumers to stay connected to breaking news as it happens," said Jonathan Barzilay, senior vice president, programming and advertising, MediaFLO USA. "With the addition of CNBC, MSNBC and FOX News, our subscribers will enjoy instant access to national news and up-to-the-minute financial information."
All three channels will offer simulcast programming -- airing content at the same time as it appears on cable -- and will give consumers on-the-go access to many of the most popular news shows on cable TV, including "Squawk Box," "Mad Money with Jim Cramer" and "Power Lunch" on CNBC; "Countdown with Keith Olbermann," "Hardball with Chris Matthews" and "Morning Joe" on MSNBC; and "FOX & Friends," "The O'Reilly Factor with Bill O'Reilly" and "Hannity & Colmes" on FOX News.
In addition to the new channels, MediaFLO USA's mobile TV service provides consumers with news programming from CBS News on CBS Mobile; NBC News on NBC 2GO, featuring "The Today Show," "NBC Nightly News with Brian Williams" and "Meet The Press"; and AT&T Mobile TV customers have access to a full-time CNN Mobile channel.
All programming on the FLO TV(TM) service is subject to change.
AT&T Mobile TV and V CAST Mobile TV feature an impressive lineup of primetime news, entertainment and children's content from leading entertainment brands. Recent programming highlights include "CSI" (CBS Mobile); "The Hills" and "Real World: Hollywood Season 20" (MTV); "Bones" (FOX Mobile); NBC's "30 Rock" and more.
All programs are available to AT&T and Verizon Wireless subscribers in 58 major metropolitan areas nationwide, including Atlanta, Chicago, Dallas, Las Vegas, Los Angeles, New York, San Diego, Seattle and Washington, D.C., among others. Consumers can learn more about the service by visiting http://www.flotv.com/, http://www.mediaflousa.com/, http://www.att.com/mobiletv or http://www.verizonwireless.com/mobiletv, or by stopping by local AT&T stores or Verizon Wireless Communications Stores.
About MediaFLO USA Inc.
MediaFLO USA Inc. unleashes the power of TV for mobile consumers, combining the best content, an intuitive user interface and a superior multicast network to deliver a true TV experience. The award-winning FLO TV service from MediaFLO USA offers full-length simulcast and time-shifted programming from the world's best entertainment brands, including CBS, CBS College Sports, CBS News, Comedy Central, ESPN, FOX, FOX News, FOX Sports, MTV, NBC 2Go, NBC, NBC Sports, NBC News, CNBC, MSNBC, NickToons and Nickelodeon. Based in San Diego, Calif., MediaFLO USA is a wholly owned subsidiary of Qualcomm Incorporated. Further information is available at both http://www.mediaflousa.com/ and http://www.flotv.com/.
Qualcomm is a registered trademark of Qualcomm Incorporated. MediaFLO, MediaFLO USA, FLO, with FLO, and FLO TV are trademarks of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
Qualcomm Contacts:
Melinda Hutcheon, MediaFLO USA Inc.
Phone: 1-858-651-7334
Email: melindah@mediaflousa.com
Emily Kilpatrick, Corporate Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
John Gilbert, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
Qualcomm Incorporated
CONTACT: Melinda Hutcheon, MediaFLO USA Inc., +1-858-651-7334, melindah@mediaflousa.com, or Emily Kilpatrick, Corporate Communications, +1-858-845-5959, corpcomm@qualcomm.com, or John Gilbert, Investor Relations, +1-858-658-4813, ir@qualcomm.com, all of Qualcomm Incorporated
Web site: http://www.qualcomm.com/
Great American Cookies Presents an Easy Way to Enjoy Cookie Cakes All Year Long - Online Cookie Cake Ordering
ATLANTA, Aug. 25 /PRNewswire-FirstCall/ -- Great American Cookies is proud to present an even easier way for customers to enjoy signature cookie cakes year round - the newly added online cookie cake ordering system. This simple and straightforward method of placing orders will save customers time by offering the option of ordering cakes from their home or office. Once orders have been placed, customers can pop over to any participating Great American Cookies location and pick up the perfect treat for birthdays, back to school events and all other occasions.
Great American Cookies, a NexCen Brands, Inc. ("NexCen") franchise, offers cookie cakes in a variety of shapes and sizes that can be customized according to any event and personality. Searching for a new innovative dessert design to impress your guests? Cookie cakes cater to a wide range of people pleasing children and adults alike. So this season, when gathering with your friends and family to celebrate the final days of summer, serve something everyone can enjoy.
Cookie cake orders can be made by visiting the Great American Cookies Web site. Customers will then be able to follow a link to a participating store's site and view pictures of size options, descriptions and specific pricing. After making a cookie cake selection, customers will be taken to a shopping cart where they will provide contact information, a special cookie cake message, and pick up date and time.
"We are excited to bring online cookie cake ordering to all Great American Cookies' customers," stated Jenn Johnston, senior vice president brand marketing for NexCen Franchise Management. "The new online ordering system will allow customers to place orders at any time so they can pick up delicious cookie cakes at their convenience."
Great American Cookies (http://www.greatamericancookies.com/)
Founded in 1977 on the strength of an old family chocolate chip cookie recipe, Great American Cookies has set the standard for gourmet cookie sales in shopping centers nationwide. With a strategy and quality product that has propelled over 30 years of consistent growth, Great American Cookies now leads the mall-based cookie system. At Great American Cookies, the customer is able to enjoy the things that make life sweet. Whether they want a delicious fresh cookie, brownie or cookie cake, they will find a celebratory, fun environment with high quality and superior products.
NexCen Brands, Inc. (http://www.nexcenbrands.com/)
NexCen Brands, Inc. is a vertically integrated global brand management company focused on assembling a diversified portfolio of intellectual property-centric companies operating in the consumer branded products and franchise industries. The Company owns, licenses, franchises and markets a growing portfolio of consumer and franchise brands including The Athlete's Foot(R), Bill Blass(R), Great American Cookies(R), MaggieMoo's(R), Marble Slab Creamery(R), Pretzel Time(R), Pretzelmaker(R), Shoebox New York(TM) and Waverly(R).
The Company licenses and franchises its brands to a network of leading retailers, manufacturers and franchisees that includes every major segment of retail distribution from the luxury market to the mass market in the U.S. and in over 50 countries around the world, and consists of approximately 1,900 franchised stores. NexCen, through its information technology, franchisee support systems and advertising, marketing and public relations team, markets its brands to continually drive greater consumer awareness and brand equity for each of its brands. NexCen touches nearly every aspect of a consumer's lifestyle from the food they eat to the furnishings in their homes and the clothes and footwear they purchase.
NexCen Brands, Inc.
CONTACT: Steven Rice of Ogilvy Public Relations, +1-404-881-2317, or steven.rice@ogilvypr.com
Web Site: http://www.greatamericancookies.com/ http://www.nexcenbrands.com/
FiberTower Announces Conference Schedule
SAN FRANCISCO, Aug. 25 /PRNewswire-FirstCall/ -- FiberTower Corporation , a wireless backhaul services provider, announced today that it will participate in Jefferies' Annual Communications Conference and Deutsche Bank's Annual Leveraged Finance Conference during the month of September. Additional details regarding FiberTower's participation at each conference are provided below.
-- Jefferies' Annual Communications Conference: To be held at the Mandarin Oriental Hotel in New York City on September 9, 2008. Kurt van Wagenen, FiberTower's President and Chief Executive Officer, is scheduled to present on Tuesday, September 9, 2008 at 9:30 a.m. Eastern Time.
-- Deutsche Bank's 16th Annual Leveraged Finance Conference: To be held at the Biltmore Hotel located in Scottsdale, AZ, from September 23-25, 2008. Kurt van Wagenen and Tom Scott, FiberTower's Chief Financial Officer, are scheduled to present on Thursday, September 25, 2008 at 2:50 p.m. Eastern Time.
A copy of the Jefferies presentation will be available on the company's website at http://www.fibertower.com/. Additionally, the company's presentation at the Jefferies conference will be broadcast live at http://www.wsw.com/webcast/jeff27/ftwr and will also be archived for replay on FiberTower's website.
About FiberTower
FiberTower is a backhaul and access services provider focused primarily on the wireless carrier market. With its extensive spectrum footprint in 24 GHz and 39 GHz bands, carrier-class microwave and fiber networks in 12 major markets, customer commitments from six of the leading cellular carriers, and partnerships with the largest tower operators in the U.S., FiberTower is considered to be the leading alternative carrier for wireless backhaul. FiberTower also provides backhaul and access service to government and enterprise markets. For more information, please visit our website at http://www.fibertower.com/.
Investor Contact:
Gus Okwu / DRG&E
404-532-0086
gokwu@drg-e.com
Company Contact:
Ornella Napolitano, VP and Treasurer
FiberTower Corporation
202-251-5210
onapolitano@fibertower.com
FiberTower Corporation
CONTACT: Investors, Gus Okwu of DRG&E, +1-404-532-0086, gokwu@drg-e.com, for FiberTower Corporation; or Company, Ornella Napolitano, VP and Treasurer of FiberTower Corporation, +1-202-251-5210, onapolitano@fibertower.com
Web site: http://www.fibertower.com/
[video] Malcolm Philips, CEO of CDEX, Inc. Discusses First Shipments of ValiMed(TM) Model CCT System to International Customers on WallSt.net's 3-Minute Press Show
TUCSON, Ariz., Aug. 25 /PRNewswire-FirstCall/ -- CDEX, Inc. (BULLETIN BOARD: CEXI) , a technology development company, today announced that the company's CEO, Malcolm Philips, is featured in an exclusive interview on WallSt.net's 3-Minute Press Show.
The interview gives viewers an overview of the company, and the significance of the company's latest press release.
To view the clip in its entirety, visit: http://www.tv.wallst.net/r/3-minute-press/Malcolm-Philips-CEXI/218/921
About CDEX:
CDEX is a technology development company, currently manufacturing and globally distributing advanced chemical detection products, based on its patented Enhanced Photoemission Spectroscopy technology. The company provides unique solutions to the challenges of identifying substances in difficult to monitor environments. CDEX technology is being adapted to market needs for medication validation, hazardous chemicals detection, and brand protection through analysis of counterfeit substances. CDEX is currently organized to serve two critical markets -- Medication Safety and Security. The ValiMed System(TM) is providing life-saving validation of high-risk medications as well as identifying narcotics diversion in healthcare facilities and pharmacies around the world. The ID2 Meth Scanner(TM) is a revolutionary new tool in the global battle against the growing scourge of methamphetamine abuse and its toxic impact on the general public. Corporate headquarters and R&D facilities are located in Tucson, Arizona with international offices in Paris, France. For more information, visit http://www.cdexinc.com/ and http://www.valimed.com/.
About WallStreet Direct, Inc.
WallStreet Direct, Inc. operates WallSt.net (http://www.wallst.net/), a leading source of up-to-the-minute business news, comprehensive financial tools and original multimedia content for the investment community. In addition to WallSt.net, WallStreet Direct owns and operates WallStRadio (http://radio.wallst.net/), an online hub for business podcasts from well-known business news personalities and publishers, and WallStTV (http://tv.wallst.net/), a hub for business and finance video content. We have received two hundred eighty dollars from CDEX, Inc. for the dissemination of this press release. To read our full disclaimer, and for a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.php.
Contact:
WallStreet Direct, Inc.
800-4-WALLST
CDEX, Inc.; WallStreet Direct, Inc.
CONTACT: WallStreet Direct, Inc., 1-800-4-WALLST
Web site: http://www.cdexinc.com/ http://www.valimed.com/ http://www.wallst.net/
Yucheng Technologies Announces the Formation of Elegon, a Joint Venture with 3i Infotech
BEIJING, Aug. 25 /Xinhua-PRNewswire-FirstCall/ -- Yucheng Technologies, Limited , a leading provider of IT solutions and services to China's banking industry, announced the formation of Elegon Infotech Limited, a joint venture with 3i Infotech Limited from India. The opening ceremony for the first significant Sino-Indian joint venture in the Chinese financial technology sector was held Friday in Chengdu.
Elegon will focus on localizing financial technology software from 3i Infotech, including internationally renowned insurance, banking and securities software platforms, to meet the needs of China's diversified financial services sector. Due to the high degree of complementarity with its existing solutions, Yucheng will be able to cross sell Elegon's products to its existing client base and expand into new markets, such as insurance and securities sectors, where 3i Infotech's software products are recognized as industry leaders.
The opening ceremony, at the Elegon headquarters in Chengdu, Sichuan, was attended by officials from the Chengdu government. The Chengdu government fully supports the joint venture, which will leverage the region's abundant supply of high-quality IT talents, through various taxation incentives, favorable leases and employee subsidies.
Commenting on the development, Mr. V. Srinivasan, Managing Director and CEO of 3i Infotech, said, "3i Infotech has a long standing tradition of entering markets with a high growth potential. The Chinese market, in particular, is of keen interest to us, given the huge growth potential that it offers." He further added, "With Yucheng's focus on and deep knowledge of the banking and financial services industry in China and its dynamics, the synergies between their business goals and those of 3i Infotech made them a natural choice for our foray into China. We look forward to a long and fruitful relationship with Yucheng."
Mr. Weidong Hong, CEO of Yucheng Technologies said, "Our goal is to develop solutions that support the financial services sector in China. When 3i Infotech approached us about localizing and exclusively distributing their internationally recognized software in China, we knew this was an opportunity to diversify our service offering and expand into new client bases. We are pleased to be working with such a globally recognized partner."
Elegon, Ltd. is owned 51% and 49% by 3i Infotech and Yucheng, respectively.
About Yucheng Technologies Limited
Yucheng Technologies Limited is a leading IT service provider to the Chinese banking industry. Headquartered in Beijing, China, Yucheng has more than 2,000 employees and has established an extensive network for serving its banking clients nationwide, with subsidiaries and representative offices in eighteen cities. Yucheng provides a comprehensive suite of IT solutions and services to Chinese banks including: (i) channel-related IT solutions, such as web banking and call centers; (ii) business-related processing solutions, such as core banking systems, foreign exchange and treasury management; and (iii) management-related IT solutions, such as risk analytics and business intelligence. Yucheng is also a leading third-party provider of POS merchant acquiring services in partnership with banks in China.
About 3i Infotech
3i Infotech is one of India's leading IT companies and among the top 4 Indian Software Products Companies.* The Company provides software products and IT services (Managed IT Services, Application Software Development & Maintenance, Payment Services, Business Intelligence, Document Imaging & Digitization, Transaction Services and IT Consulting) for the Insurance, Banking, Capital Markets, Mutual Funds, Wealth Management and Government verticals. The Company services customers in over 50 countries across 5 continents.
3i Infotech is SEI CMMI Level 5 compliant for its Software Services, ISO 9001:2000 for its BPO Services and ISO 27001:2005 certified for its Infrastructure Services.
* Dataquest - July 2007
Safe Harbor Statement
This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "project" or "continue" or the negative thereof or other similar words. Such forward- looking statements, based upon the current beliefs and expectations of Yucheng's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: current dependence on the PRC banking industry demand for the products and services of Yucheng; competition from other service providers in the PRC and international consulting firms; the ability to update and expand product and service offerings; retention and hiring of qualified employees; protection of intellectual property; creating and maintaining quality product offerings; operating a business in the PRC with its changing economic and regulatory environment; and the other relevant risks detailed in Yucheng filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Yucheng assumes no obligation to update the information contained in this press release.
For further information, please contact:
New York:
Mr. Jim Preissler
Tel: +1-646-383-4832
Email: jpreissler@yuchengtech.com
Beijing:
Ms. Rebecca Alexander
Tel: +86-10-5913-7998
Email: ralexander@yuchengtech.com
Yucheng Technologies Limited
CONTACT: New York: Mr. Jim Preissler, +1-646-383-4832, or jpreissler@yuchengtech.com; Or Beijing: Ms. Rebecca Alexander, +86-10-5913-7998, or ralexander@yuchengtech.com
China Gengsheng Minerals, Inc. Establishes $1.17 Million Secured Credit Line
-- New Credit Facility to Support Continued Growth Plans
GONGYI, China, Aug. 25 /Xinhua-PRNewswire-FirstCall/ -- China Gengsheng Minerals, Inc. (BULLETIN BOARD: CHGS) ("Gengsheng" or "the Company"), a materials technology company in China with products capable of withstanding high temperature, saving energy and boosting productivity in certain industries such as steel and oil, today announced that it has established a $1.17 million (RMB 8 million) credit line with Gongyi Chengzhong Agriculture Credit Cooperative in Henan Province. It is available through August 14, 2009, and secured by certain assets of Henan Gengsheng Refractories Co., Ltd., the Company's wholly-owned subsidiary.
"This new credit line provides Gengsheng with additional financial flexibility," said Mr. Shunqing Zhang, Chairman, President and CEO of Gengsheng. "We improved our cash flow to generate more working capital and future sales in the first half of this year, and this new credit line is another step towards expanding our ability to deliver a wider range of high- growth and high-margin products in the industrial material space."
The proceeds from the new credit line are expected to expand the Company's production capabilities and facilities, and for other working capital needs.
In the first six months of 2008, the Company generated a positive net operating cash flow of $4.3 million. Capital expenditures in the first six months of 2008 were $2.5 million. The Company's secured short-term bank loans as of June 30, 2008, were $5.1 million.
About China Gengsheng Minerals, Inc.
China Gengsheng Minerals, Inc. ("Gengsheng") develops, manufactures and markets a broad range of high-tech industrial material products, including monolithic refractories, industrial ceramics and fracture proppants. A market leader offering customized solutions, Gengsheng sells its products primarily to the iron-and-steel industry as heat-resistant components for steel-making furnaces, industrial kilns and other high-temperature vessels to guarantee and improve the productivity of those expensive pieces of equipment while reducing their consumption of energy. Founded in 1986 and based in China's Henan province, Gengsheng currently has over 200 customers in the iron, steel, oil, glass, cement, aluminum and chemical businesses located in China and in 11 other countries. Gengsheng conducts business through Gengsheng International Corporation, a British Virgin Islands company, and its Chinese subsidiaries, which are Henan Gengsheng Refractories Co., Ltd., Zhengzhou Duesail Fracture Proppant Co., Ltd. and Henan Gengsheng High Temperature Materials Co., Ltd.
For more information about the Company, please visit http://www.gengsheng.com/ .
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of China Gengsheng Minerals, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the Company's ability to meet its projected output for the term of the supply contract; the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov/ . All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
In China:
Mr. Fulong Zheng
Investor Relations
China Gengsheng Minerals, Inc.
Tel: +86-371-6405-9846
Email: gszfl@gengsheng.com
In the U.S.:
Valentine Ding
Investor Relations
Grayling Global
Tel: +1-646-284-9412
Email: vding@hfgcg.com
China Gengsheng Minerals, Inc.
CONTACT: In China, contact Mr. Fulong Zheng, Investor Relations of China Gengsheng Minerals, Inc., +86-371-6405-9846, or gszfl@gengsheng.com ; In the U.S., contact Valentine Ding, Investor Relations of Grayling Global, +1-646- 284-9412, or vding@hfgcg.com . Both for China Gengsheng Minerals, Inc.
Web site: http://www.gengsheng.com/
Broadcom to Acquire Digital TV Business from AMDAcquisition Expected to Bring Broadcom Scale, a Complete Product Line to Address All Segments of the Digital TV Market and Expand Tier One Customer Base
IRVINE, Calif. and SUNNYVALE, Calif., Aug. 25 /PRNewswire-FirstCall/ -- Broadcom Corporation , a global leader in semiconductors for wired and wireless communications, and AMD today announced that the companies have entered into a definitive agreement for Broadcom to acquire AMD's digital TV (DTV) business.
The acquisition of AMD's DTV business is expected to enable Broadcom to immediately scale its DTV business, and, in conjunction with its existing products, to offer a complete product line that covers all segments of the DTV market ranging from low-end value and mid-range quality to high-end interactive platforms and panel processors. The acquisition also is intended to expand Broadcom's existing tier one customer base, which includes the top DTV brands worldwide. This deal aims to enhance and strengthen Broadcom's innovative DTV system solution offerings while delivering the scale and focus needed to forge a market-leading DTV business.
In connection with the transaction, approximately 530 members of AMD's dedicated DTV team, in addition to certain employees directly supporting this team, located in six primary design centers around the world, will be invited to join Broadcom. AMD's DTV product line includes all Xilleon(TM) integrated DTV processors and complete turnkey reference designs, as well as NXT receiver ICs, the Theater(TM) 300 DTV processor, and a line of panel processors that perform advanced motion compensation, frame rate conversion and scaling.
"The acquisition of AMD's DTV business, which will become the core of Broadcom's DTV line of business, will enable us to significantly scale and accelerate the completion of our digital TV product portfolio while also expanding our tier one customer base and positions us to achieve leadership and long-term growth in this important market segment," said Daniel Marotta, Senior Vice President & General Manager of Broadcom's Broadband Communications Group. "We believe our combined DTV team will be in an excellent position to grow and thrive in this burgeoning market by bringing best-in-class people, technology, solutions and support to our customers."
"AMD is executing a strategic plan to transform the company, becoming leaner and more focused while seeking to create a business model to deliver sustainable profitability," said Dirk Meyer, President and Chief Executive Officer of AMD. "The sale of our DTV business is a key step in AMD's transformation, helping to strengthen our balance sheet, lower our breakeven point, and hone our focus in order to take full advantage of our position as a leader in both microprocessors and graphics technology. Broadcom will be a great fit for our talented DTV employees and the DTV products they have created."
In connection with the acquisition, Broadcom will pay approximately $192.8 million in cash in exchange for AMD's DTV assets. A portion of the consideration payable to AMD will be placed into escrow pursuant to the terms of the definitive asset purchase agreement. The board of directors of each company has approved the transaction and shareholder/stockholder approval of the transaction is not required by either company. The closing, which is targeted to occur during Broadcom's fourth quarter ending December 31, 2008, remains subject to customary closing conditions and review by relevant regulatory organizations. Broadcom may record a one-time charge for purchased in-process research and development expenses related to the acquisition in the quarter in which the transaction closes. The amount of that charge, if any, has not yet been determined.
Conference Call Information
Broadcom will conduct a conference call with analysts and investors today at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time). The company will broadcast the conference call via webcast over the Internet and will post its presentation material on the Investors section of the Broadcom website at http://www.broadcom.com/investors. To listen to the webcast, please dial (847) 619-6368 or visit the Investors section of the Broadcom website. The webcast will be recorded and available for replay until 12:59 a.m. Eastern Time, Tuesday, September 9, 2008 (9:59 p.m. Pacific Time, Monday, September 8, 2008).
About Broadcom
Broadcom Corporation is a major technology innovator and global leader in semiconductors for wired and wireless communications. Broadcom(R) products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. Broadcom provides the industry's broadest portfolio of state-of-the-art system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support Broadcom's core mission: Connecting everything(R).
Broadcom is one of the world's largest fabless semiconductor companies, with 2007 revenue of $3.78 billion, and holds over 2,800 U.S. and 1,200 foreign patents, more than 7,300 additional pending patent applications, and one of the broadest intellectual property portfolios addressing both wired and wireless transmission of voice, video, data and multimedia.
Broadcom is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe. Broadcom may be contacted at +1.949.926.5000 or at http://www.broadcom.com/.
About AMD
Advanced Micro Devices is a leading global provider of innovative processing solutions in the computing and graphics markets. AMD is dedicated to driving open innovation, choice and industry growth by delivering superior customer-centric solutions that empower consumers and businesses worldwide. For more information, visit http://www.amd.com/.
Cautions regarding Forward Looking Statements:
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward- looking statements. These forward-looking statements are based on Broadcom and AMD's respective current expectations, estimates and projections about their respective industry and businesses, respective management's beliefs, and certain assumptions made by Broadcom and AMD, all of which are subject to change. Forward-looking statements can often be identified by words such as "aims," "anticipates," "becoming," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," "targeted" similar expressions, and variations or negatives of these words. Examples of such forward-looking statements include, but are not limited to, references to the anticipated benefits to Broadcom related to its acquisition of AMD's DTV business, the expected market and demand for DTV products, the expected completion and timing of the transaction, potential accounting charges taken by Broadcom, and references to the anticipated benefits to AMD relating to the transaction. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially and adversely from those expressed in any forward-looking statement.
Important factors that may cause such a difference for Broadcom in connection with the acquisition of AMD's DTV business include, but are not limited to,
-- the ability of the parties to successfully consummate the transactions
contemplated by the asset purchase agreement and related transaction
documents,
-- unexpected variations in market growth and demand for the DTV products
and technologies,
-- the risks inherent in acquisitions of technologies and businesses,
including the timing and successful completion of technology and
product development through volume production,
-- integration issues,
-- costs and unanticipated expenditures,
-- changing relationships with customers, suppliers and strategic
partners,
-- potential contractual, intellectual property or employment issues,
-- the risk that anticipated benefits of the acquisition may not be
realized, and
-- accounting treatment and charges.
Additional factors that may cause Broadcom's actual results to differ materially from those expressed in forward-looking statements include, but are not limited to the list that can be found at http://www.broadcom.com/press/additional_risk_factors/Q32008.php.
Important factors that may cause such a difference for AMD in connection with the sale of its DTV business include, but are not limited to,
-- the ability of the parties to successfully consummate the transactions
contemplated by the asset purchase agreement and related transaction
documents,
-- the successful fulfillment (or waiver) of all conditions included in
the asset purchase agreement, including the possibility that there may
be unexpected delays in obtaining required regulatory approvals and
completing SEC required financial audits,
-- actions that may be taken by the competitors, customers and suppliers
of Broadcom or AMD that may cause the transaction to be delayed or not
completed,
-- the possibility that the revenues, cost savings, growth prospects and
any other synergies expected from the proposed transaction may not be
fully realized by AMD or may take longer to realize than expected,
-- changing relationships with customers, suppliers and strategic
partners,
-- delays associated with transitioning the DTV business, including
employees and operations, after the transaction is completed.
The respective Annual Reports on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings, of AMD and Broadcom discuss other important risk factors that could contribute to such differences or otherwise affect their respective businesses, results of operations and financial condition. The forward-looking statements in this release speak only as of this date. Neither AMD nor Broadcom undertakes any obligation to revise or update publicly any forward-looking statement for any reason, except as required by law. All statements made by or concerning Broadcom or AMD, respectively, are made solely by such applicable party and such party is solely responsible for the content of such statements.
Broadcom(R), the pulse logo, Connecting everything(R) and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States certain other countries and/or the EU. AMD, the AMD Arrow logo, Xilleon, Theater and combinations thereof, are trademarks of Advanced Micro Devices, Inc. Any other trademarks or trade names mentioned are the property of their respective owners.
Broadcom Press Contact
Laura Brandlin
Senior Director, Marketing Communications
949-926-5108
lbrandlin@broadcom.com
Broadcom Investor Relations Contact
T. Peter Andrew
Vice President, Corporate Communications
949-926-5663
andrewtp@broadcom.com
AMD Press Contact
Jo Albers
Manager, Public Relations
512-602-3526
jo.albers@amd.com
AMD Investor Relations Contact
Irmina Blaszczyk
Manager, Investor Relations
408-749-3398
Irmina.blaszczyk@amd.com
Photo: http://www.newscom.com/cgi-bin/prnh/20060609/BROADCOMLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Broadcom Corporation; BRCM Broadband
CONTACT: Press, Laura Brandlin, Senior Director, Marketing Communications, +1-949-926-5108, lbrandlin@broadcom.com, or Investor Relations, T. Peter Andrew, Vice President, Corporate Communications, +1-949-926-5663, andrewtp@broadcom.com, both of Broadcom; or Press, Jo Albers, Manager, Public Relations, +1-512-602-3526, jo.albers@amd.com, or Investor Relations, Irmina Blaszczyk, Manager, Investor Relations, +1-408-749-3398, Irmina.blaszczyk@amd.com, both of AMD
Web site: http://www.broadcom.com/ http://www.amd.com/
Pericom Semiconductor Elects Michael J. Sophie to Its Board of Directors
SAN JOSE, Calif., Aug. 25 /PRNewswire-FirstCall/ -- Pericom Semiconductor Corporation , a worldwide supplier of high-speed integrated circuits and frequency control products, today announced the election of Mr. Michael J. Sophie to its Board of Directors. In addition to serving on the Board, Mr. Sophie will also serve as Chairman of the Audit Committee of the Board of Directors.
Mr. Sophie has executive level experience in the electronics systems and semiconductor industries. Mr. Sophie's Board experience includes serving on the Boards of successful public and private companies with operations in North America and Asia. Mr. Sophie holds an MBA degree from the University of Santa Clara and a BS degree from California State University, Chico.
Alex Hui, President and CEO, said of Mr. Sophie's appointment, "We are very pleased to have Michael J. Sophie join our Board of Directors and serve as Chairman of our Audit Committee. Michael's prior experience give him very valuable insights into our business, and his financial expertise and board experience will help us ensure that our Audit Committee and corporate governance practices are effective. Michael will be an invaluable resource as we drive Pericom to the next level in our evolution."
About Pericom
Pericom Semiconductor Corporation enables serial connectivity with the industry's most complete solutions for the computing, communications and consumer market segments. Pericom's analog, digital and mixed-signal integrated circuits, along with its SaRonix-eCERA frequency control products are essential in the timing, switching, bridging and conditioning of high-speed signals required by today's ever-increasing speed and bandwidth demanding applications. Company headquarters is in San Jose, Calif., with design centers and technical sales and support offices globally. http://www.pericom.com/
Pericom Semiconductor Corporation
CONTACT: Jason Golz of FD Ashton Partners, +1-415-293-4411, jason.golz@fdashtonpartners.com, for Pericom Semiconductor Corporation
Web site: http://www.pericom.com/
Telenet Chooses Sonus Networks to Deliver New Services to Business UsersLargest Cable Operator in Belgium Selects Sonus' Network Border Switch to Drive Enterprise Voice Services
WESTFORD, Mass., and STAINES, England, Aug. 25 /PRNewswire-FirstCall/ -- Sonus Networks, Inc. , a market leader in IP communications infrastructure solutions, today announced that Telenet, a leading provider of media and telecommunications services and the largest cable operator in Belgium, will use Sonus technology to offer businesses across the country secure and reliable access to next generation IP voice services. Telenet will extend the services of its broadband network to provide Belgian enterprises with a new and cost effective option to receive their office telephone services.
"Telenet has established one of the most recognized brands and delivered premier services to homes across Flanders and to businesses across the whole of Belgium for many years," commented Peter Michiels, SVP Networks and System Engineering at Telenet. "As we offer new services to our more demanding business customers, it is critical to our success to choose a solution that is scalable, reliable, manageable, secure and integrates into our existing infrastructure. The technology from Sonus was the only solution to satisfy our rigorous selection criteria across all measures."
The Sonus Network Border Switch (NBS) is a key component of Telenet's plans, assuring business customers the most secure communications. Sonus' NBS will enable Telenet to intelligently route voice calls and provide enhanced transcoding services, ensuring interoperability. Telenet's business services offer will provide enterprises across Belgium a cost effective and secure alternative to legacy telephone services. The Sonus NBS will allow Telenet to expand its offer to include additional IP based business voice services and next generation application integration.
"Sonus will partner with Telenet in the delivery of new services as its network, which supports over 3.2 Million RGUs, expands to reach advanced business customers," said Tony Morrish, vice president, EMEA, at Sonus Networks. "Sonus is committed to building innovative solutions for the cable industry that are global in their interoperability. I believe this partnership is further evidence of the growth Sonus has experienced in Europe and our growing success in serving cable providers around the world." The Sonus Network Border Switch's provides Telenet with an integrated approach to security, as well as a better way to manage and secure its network as it migrates telephony traffic from legacy TDM to voice over IP. Based on the market-leading Sonus GSX9000 platform, the Network Border Switch is a carrier-class solution that provides IP-to-IP border control and PSTN media gateway capabilities, integrating security, session and media control. These are the capabilities that assure secure connections to businesses' PABX systems and make it more cost effective to provide a single connection for voice and data traffic. As Telenet scales its services to reach businesses, Sonus' NBS has a proven record of allowing carriers to grow quickly to meet demand and, more importantly, to offer additional new services.
About Telenet
Telenet is a leading provider of media and telecommunication services. Its business comprises the provision of cable television, high speed internet and fixed and mobile telephony services, primarily to residential customers in Flanders and Brussels. In addition, Telenet offers services to business customers across Belgium under the brand Telenet Solutions. Telenet is listed on the Euronext Brussels Stock Exchange under the ticker symbol TNET.
About Sonus Networks
Sonus Networks, Inc. is a market leader in IP communications infrastructure for wireline and wireless service providers. With its comprehensive IP Multimedia Subsystem (IMS) solution, Sonus addresses the full range of carrier applications, including residential and business voice services, wireless voice and multimedia, trunking and tandem switching, carrier interconnection and enhanced services. Sonus' voice infrastructure solutions are deployed in service provider networks worldwide. Founded in 1997, Sonus is headquartered in Westford, Massachusetts. Additional information on Sonus is available at http://www.sonusnet.com/.
This release may contain forward-looking statements regarding future events that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to Item 1A "Risk Factors" of Sonus' Quarterly Report on Form 10-Q for the period ended June 30, 2008, filed with the SEC, which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Risk factors include among others: the impact of material weaknesses in our disclosure controls and procedures and our internal control over financial reporting on our ability to report our financial results timely and accurately; the unpredictability of our quarterly financial results; risks and uncertainties associated with the Company's restatement of its historical stock option granting practices and accounting including regulatory actions; actions that may be taken by significant shareholders; risks associated with our international expansion and growth; consolidation in the telecommunications industry; and potential costs resulting from pending securities and patent litigation against the Company. Any forward-looking statements represent Sonus' views only as of today and should not be relied upon as representing Sonus' views as of any subsequent date. While Sonus may elect to update forward-looking statements at some point, Sonus specifically disclaims any obligation to do so, except as required by law.
Sonus is a registered trademark of Sonus Networks, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.
For more information, please contact:
Media Relations: EMEA Media Relations:
Sonus Networks Catalysis
Lucy Millington Lucia Barbato/Lauren Bishop
+1 978-614-8240 +44 (0) 20 7107 2470
lmillington@sonusnet.com sonus.team@catalysis.co.uk
Sonus Networks, Inc.
CONTACT: Lucy Millington of Sonus Networks, +1-978-614-8240, lmillington@sonusnet.com; or EMEA Media Relations, Lucia Barbato, or Lauren Bishop, both of Catalysis, for Sonus Networks, +44-20-7107-2470, sonus.team@catalysis.co.uk
Web site: http://www.sonusnet.com/
Calypso Wireless, Inc. Announces the European Patents for Its ASNAP(TM) Technology Have Been Fully Paid for in Twenty-Five Countries
HOUSTON, Aug. 25 /PRNewswire-FirstCall/ -- Calypso Wireless, Inc. , a leading innovator in advanced wireless telecommunications technologies announced today that the company has paid all fees associated with the issuance of the patent for its ASNAP(TM) technology in twenty-five European countries.
The 25 countries are Austria, Belgium, Bulgaria, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Monaco, the Netherlands, Portugal, Romania, Sweden, Slovakia, Switzerland & Liechtenstein, Turkey and the United Kingdom.
Calypso Wireless' President Richard Pattin states, "To be clear, our ASNAP patents have been approved, fully paid for, and will be issued in the above listed countries. We expect the patents to be delivered to us by in the near future. We will have additional information regarding these patents at our up-coming shareholder meeting."
About Calypso Wireless, Inc.
Calypso Wireless' patented ASNAP(TM) technology enables the seamless roaming of voice, video and data between Wide Area Network access points, such as cellular towers and short-range Internet access points (such as Wi-Fi, Bluetooth, etc). ASNAP(TM) also enables greatly enhances services such as broadband connectivity, real time two way video conferencing, VoIP and network-based gaming applications via Calypso's cellular phones, PDA's or any mobile device powered with ASNAP(TM). Another of Calypso's technologies enables cellular phones and PDAs to convert any incoming text messages to voice messages and vice versa. Calypso plans to begin licensing its technologies to mobile operators, OEMs and ISPs. For more detailed about Calypso Wireless, please visit: http://www.calypsowireless.com/.
Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward- looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words 'planned,' 'expects,' 'believes,' 'strategy,' 'opportunity,' 'anticipates,' 'hopes' or other similar words. There can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward-looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
Contact:
Calypso Wireless, Inc.
Richard Pattin or Cristian Turrini
281-362-2887
rpattin@calypsowireless.com
http://www.calypsowireless.com/
Calypso Wireless, Inc.
CONTACT: Richard Pattin or Cristian Turrini, Calypso Wireless, Inc., +1-281-362-2887, rpattin@calypsowireless.com
Web site: http://calypsowireless.com/
Formula Systems Reports Second Quarter Results
HERZLIYA, Israel, August 25 /PRNewswire-FirstCall/ -- Formula Systems (1985) Ltd. a leading provider of information technology products, solutions and services, announced today results for the six months and second quarter of 2008.
Revenues for the second quarter totaled $151.5 million an increase of 24% compared to $122.2 million in the second quarter of 2008.
Revenues for the six months ended June 30, 2008 totaled $287.3 million compared to $235.7 million in the same period of 2007, an increase of 22%.
Operating income in the second quarter of 2008 increased 47% to $9.0 million compared to $6.1 million in the same quarter of 2007.
Operating income in the first half of 2008 was $15.5 million compared to $12.3 million in the first half of 2008, an increase of 26%.
Net income generated from continuing operation in the six months ended June 30, 2008 was $7.3 million compared to $6.4 million in the same period of 2007.
Our cash and short term investments totaled approximately $203 million as of June 30, 2008 and our current ratio was 2.4.
Shareholder's equity on June 30, 2008 totaled $207 million, reflecting $15.7 per share.
In April 2008, Formula distributed a cash dividend of approximately $10 million, or $0.76 per share.
Guy Bernstein, CEO of Formula, commented: "In the second quarter we continued the constant growth trend in the group's activity. All our subsidiaries contributed positively to our increasing operational results: Magic moved from operating loss in the first quarter to an impressive operating profit in the second quarter, Sapiens reported a seventh consecutive quarter of operational profit and our primary asset, Matrix, continued to grow both in revenues and in operating profit.
Mr. Bernstein concluded: I can state with confidence that the Formula group is well equipped with the resources to explore new acquisitions, compatible with our strategy and current portfolio of companies."
About Formula
Formula Systems Ltd. is a global information technology company principally engaged, through its subsidiaries and affiliates, in providing software consulting services, developing proprietary software products and providing computer-based business solutions.
Statements made in this press release that are not historical facts are forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks and uncertainties include, but are not limited to: market demand for the company's products, dependence on strategic partners, integration of new business, successful implementation of Formula's products, economic and competitive factors, international market conditions, management of growth, technological developments, the ability to finance operations and other factors which are detailed in Formula's Securities and Exchange Commission filings, including its most recent report on Form 20-F. Formula undertakes no obligation to publicly release any revision to any forward-looking statement.
FORMULA SYSTEMS (1985) LTD.
(An Israeli corporation)
CONSOLIDATED BALANCE SHEETS
December
June 30, 31,
2008 2007
(Unaudited) (Audited)
U.S. $
(in thousands)
CURRENT ASSETS:
Cash and cash
equivalents.................................. 146,522 161,504
Short-term
investments.................................. 56,974 40,276
Trade
receivables.................................. 153,550 139,478
Other accounts
receivable................................... 26,919 34,822
Inventories.................................. 2,890 3,157
386,855 379,237
LONG-TERM INVESTMENTS, LOANS AND RECEIVABLES:
Loans and other
investments.................................. 11,371 14,849
Investments in
affiliates................................... 3,794 3,792
15,165 18,641
SEVERANCE PAY
FUND......................................... 44,503 36,851
FIXED ASSETS,
NET.......................................... 16,923 15,794
OTHER ASSETS,
NET.......................................... 189,176 162,060
TOTAL ASSETS ATTRIBUTED TO DISCONTINUED
OPERATIONS................................... 35 41
652,657 612,624
CURRENT LIABILITIES:
Liabilities to banks and
others....................................... 16,358 26,954
Trade
payables..................................... 51,661 57,099
Other accounts
payable...................................... 90,995 73,072
Debentures................................... 3,924 3,524
162,938 160,649
LONG-TERM LIABILITIES:
Debentures................................... 82,700 71,880
Deferred
taxes........................................ 3,617 3,276
Customer
advances..................................... 1,963 2,181
Liabilities to banks and
others....................................... 22,802 23,685
Liability in respect of the acquisition of
activities................................... 1,195 1,373
Accrued severance
pay.......................................... 54,197 42,774
166,474 145,169
TOTAL LIABILITIES ATTRIBUTED TO DISCONTINUED
OPERATIONS................................... 438 503
MINORITY
INTEREST..................................... 115,767 107,915
SHAREHOLDERS'
EQUITY....................................... 207,040 198,388
652,657 612,624
FORMULA SYSTEMS (1985) LTD.
(An Israeli corporation)
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
Six months Three months
ended ended
June 30, June 30,
2008 2007 2008 2007
U.S.$ U.S.$
(in thousands, except per share data)
Revenues............................. 287,264 235,720 151,479 122,170
Cost of
revenues............................. 217,200 177,522 115,451 92,784
Gross
profit............................... 70,064 58,198 36,028 29,386
Research and development costs, net.. 2,838 2,367 1,404 1,156
Selling, general and administrative
expenses............................. 49,942 41,881 24,751 21,211
Depreciation and amortization........ 1,792 1,622 871 892
Operating
income............................... 15,492 12,328 9,002 6,127
Financial expenses,
net.................................. 541 1,268 566 717
14,951 11,060 8,436 5,410
Gain on realization of investments... (292) 1,965 (18) 1,866
Other expenses,
net.................................. 421 435 377 178
Income before taxes on income........ 14,238 12,590 8,041 7,098
Taxes on
income............................... 1,082 968 611 260
13,156 11,622 7,430 6,838
Equity in losses of affiliated
companies, net....................... 390 364 115 213
Minority interest in profits,
net.................................. 5,484 4,816 3,078 2,465
Income from continuing operation..... 7,282 6,442 4,237 4,160
Income from discontinued operations - 19,063 - 18,381
Net income 7,282 25,505 4,237 22,541
Earnings per share generated from continued operation :
Basic................................ 0.55 0.49 0.32 0.32
Diluted.............................. 0.54 0.49 0.32 0.31
Earnings per share generated from discontinuing operation :
Basic................................ - 1.44 - 1.39
Diluted.............................. - 1.44 - 1.39
Weighted average number of shares outstanding:
Basic................................ 13,200 13,200 13,200 13,200
Diluted.............................. 13,200 13,200 13,200 13,200
______ ______ ______ ______
Formula Systems Ltd.
CONTACT: Contact: Israel: Naamit Salomon, CFO, Formula Systems Ltd., +972-9-959-8800
AT&T U-verse Arrives in South BendSouth Bend Customers Can Now Enjoy Next-Generation Integrated TV, Internet, Wireless and Voice Services - All on One Bill
SOUTH BEND, Ind., Aug. 25 /PRNewswire-FirstCall/ -- South Bend-area residents now have a new -- and better -- choice for their television and communications services. AT&T Inc. today announced the launch of the company's integrated suite of AT&T U-verse(SM) services, including AT&T U-verse TV, AT&T U-verse High Speed Internet and AT&T U-verse Voice.
AT&T U-verse brings together your TV, broadband, home phone and AT&T wireless services -- all on one bill -- with unique features that provide a new level of integration, convenience and control. AT&T U-verse TV, High Speed Internet and Voice services are all delivered over AT&T's advanced Internet Protocol (IP) network.
Customers can currently order AT&T U-verse services in parts of four local communities, including Granger, Mishawaka, Roseland and South Bend. AT&T will make U-verse services available to more homes throughout the area on an ongoing basis.
"With the launch of AT&T U-verse TV, South Bend-area customers are finally getting a better choice to break free from cable," said Bob Nixon, AT&T general manager for Indiana and Michigan. "And we're taking it even further by making your services work together and offering cool features you can't get anywhere else."
George S. Fleetwood, president of AT&T Indiana, said: "AT&T is expanding U-verse services into South Bend because of the progressive reform legislation that was supported by the Indiana General Assembly and Gov. Daniels. The telecom and video reform bill of 2006 created an environment that encourages new video providers, such as AT&T, to invest in Indiana and bring consumers a new choice."
A Better Television Choice With AT&T U-verse TV
AT&T is the only national service provider to offer a 100 percent IP-based television (IPTV) service. IP technology helps make AT&T U-verse TV one of the most dynamic and feature-rich services available today, with advanced capabilities that customers don't get from other providers and access to more than 45 High Definition (HD) channels.
Where available, local AT&T U-verse customers can enjoy numerous TV benefits, including:
-- An attractive selection of TV packages. You can choose from a variety
of subscription options that feature up to 320 channels, including
digital music, local, movie and sports programming, as well as premium
Spanish-language and international packages. All packages include
HD-capable equipment, and most packages include an HD-capable digital
video recorder (DVR). (More receivers can be added for $5 each a
month.)
-- More HD channels than the major local cable providers, with an
extensive lineup of more than 45 HD channels. U-verse TV supports both
720p and 1080i formats. Access to HD service is $10 a month with any
U-verse TV package.
-- The ability to set your DVR from any location. With AT&T Yahoo!(R) Web
and Mobile Remote Access to DVR, you can schedule recordings from any
Web-connected PC or compatible AT&T mobile phone (wireless service
charges apply) by using your AT&T High Speed Internet account.
-- The ability to record up to four programs at once using a DVR (up to
four standard definition programs or two HD and two standard definition
programs) -- another feature that is exclusive to AT&T U-verse TV. You
can store up to 37 hours of HD content or up to 133 hours of standard
definition content, which is more storage than cable providers' DVRs.
-- AT&T Online Photos from Flickr, which allows you to simply and
conveniently browse the photos you've uploaded to flickr.com and watch
slide shows on your U-verse TV screen from the comfort of your couch.
-- AT&T U-bar, which brings customizable weather, stock, sports and
traffic information to the U-verse TV screen, without interrupting the
current program. AT&T High Speed Internet subscribers can personalize
the U-bar from the AT&T portal to display weather at specific
locations, your personal stock portfolio and scores for your favorite
sports teams.
-- Yahoo! Sports Fantasy Football, which allows you to track the progress
of your fantasy team -- including current team matchups and league
standings -- directly from your TV screen through the AT&T U-bar.
-- YELLOWPAGES.COM TV, for fast and easy searches to find local businesses
and other information via your TV screen.
-- AT&T Yahoo! Games, so you can now play your favorite online games --
including Sudoku, Solitaire, JT's Blocks, Mah-jongg Tiles and Chess --
on the TV screen.
-- Built-in Picture-in-Picture, which lets you channel-surf on any
television without leaving the program you're watching.
-- Fast channel-changing, reducing the delay experienced with other
digital video services.
-- A growing Video On Demand (VOD) library with one-touch access to movies
and events.
-- Advanced search to find upcoming linear or VOD programs by using the
title or an actor's name.
-- Easy-to-use parental controls to block live or recorded programs or
on-demand videos by specific channel or ratings.
-- Specially designed U-verse receivers. All U-verse receivers are
HD-capable and include universal remote controls with backlit buttons
and one-touch access to VOD, recorded TV and other popular U-verse
features.
AT&T U-verse offers multiple combinations of TV, Internet and Voice packages to customize your experience. U-verse TV offers five programming packages -- U100, U200, the popular U300 and U400 packages, plus U-family, a market-leading family-friendly programming option. Current AT&T U-verse TV pricing starts at $44 a month, depending on the selected programming package (taxes, fees and other monthly charges apply).
Professional installation is included for new U-verse TV customers, and you also get a 30-day money-back guarantee. Customers who order a qualifying programming package by phone through Sept. 20, 2008, are eligible to choose a free month of the U200, U300 or U400 package or a $50 cash-back redemption by gift check. Customers who order a qualifying TV package online will receive a free month of the TV package. Additional cash-back offers are available to qualifying customers who bundle Internet or AT&T U-verse Voice service.
Quad-Play Integration With AT&T U-verse Voice
U-verse Voice is a next-generation digital voice service that brings more control and functionality to your home phone. Unlike many Voice over IP (VoIP) providers that offer best-effort digital phone services over the public Internet, U-verse Voice is a managed IP-based service that is delivered over AT&T's fiber-rich network. This allows U-verse Voice customers to enjoy great sound quality and reliability, as well as unmatched calling features that combine with your AT&T U-verse TV, broadband and AT&T wireless services, including:
-- Combined AT&T U-verse Voice and AT&T wireless voice mail with U-verse
Messaging, which provides a single voice mailbox that can be accessed
from any phone line or PC.
-- U-verse Central, an online management portal that gives you the option
to easily and conveniently manage your call preferences, voice mail,
contacts, call history and more from any PC, in addition to the ability
to control call preferences from your home phone.
-- An online voice mailbox to check, manage and forward voice mail from
the online portal, much like an e-mail inbox.
-- Call History, which enables you to view your most recent incoming and
outgoing calls online or to view your most recent incoming calls on
your AT&T U-verse TV screen.
-- Click to Call, which will initiate a call from your home phone to any
number in your Call History with one click of a mouse or the U-verse TV
remote control.
-- An online Address Book that is accessible from any PC and allows you to
Click to Call from your home phone, to create and share contact groups
with other U-verse Voice customers or to set up distribution lists for
voice messages.
-- Locate Me, a feature that provides simultaneous ringing on up to four
wireless or landline numbers so you never miss an important incoming
call.
-- Traditional calling features, such as Call Screening, Call Blocking, Do
Not Disturb and privacy settings.
All U-verse Voice customers will have 911 service. Where available via the local 911 network, U-verse Voice customers will have Enhanced 911 (E911) service.
U-verse TV customers can choose from two flexible U-verse Voice calling plans. U-verse Voice Unlimited includes unlimited local and nationwide minutes to any location in the U.S., Canada or U.S. territories for $40 a month, and U-verse Voice 1000 includes 1,000 Call Anywhere minutes to any location in the U.S. or U.S. territories for $30 a month. A second phone line, which shares the primary line's calling plan, can be added for $20 a month, and each plan features competitive international rates with no recurring monthly charge.
AT&T's wireless customers who subscribe to an AT&T Unity(SM) plan can call any AT&T U-verse Voice number from their mobile phone as part of the nation's largest free calling community without using any wireless Anytime Minutes.
AT&T U-verse High Speed Internet for Consumers and Small Businesses
AT&T U-verse High Speed Internet offers more bandwidth and faster available speeds to meet the needs of every consumer or small business broadband user, including four package options:
-- Max: Downstream speeds up to 10.0 Mbps, upstream speeds up to 1.5 Mbps
-- Elite: Downstream speeds up to 6.0 Mbps, upstream speeds up to 1.0 Mbps
-- Pro: Downstream speeds up to 3.0 Mbps, upstream speeds up to 1.0 Mbps
-- Express: Downstream speeds up to 1.5 Mbps, upstream speeds up to 1.0
Mbps
All AT&T U-verse High Speed Internet packages include wireless home or office networking at no extra cost, giving customers the freedom to access online photos, receive and send large data files, view streaming video and access other high-bandwidth applications from a wireless-enabled laptop or other device. Subscribers also receive virtually unlimited e-mail storage, powerful anti-virus and anti-spam software and access to the nation's largest Wi-Fi network with free unlimited connectivity at more than 17,000 hot spot locations.
AT&T is deploying next-generation AT&T U-verse services as part of its mission to connect people with their world, everywhere they live and work, and do it better than anyone else. Through AT&T U-verse and the company's 100 percent IP platform, consumers will benefit from integrated AT&T services across the three screens they value most: the TV, the PC and the wireless phone.
For additional information on AT&T U-verse -- or to find out if it's available in your area -- visit http://uverse.att.com/, call 800-ATT-2020 or visit one of the following AT&T retail locations:
-- 4170 Grape Road, Mishawaka
-- 6501 N. Grape Road, Mishawaka
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. All other marks contained herein are the property of their respective owners. Yahoo!, the Yahoo! logos and other product and service names are the trademarks and/or registered trademarks of Yahoo! Inc.
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 and detailed disclaimer information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Chris Bauer of AT&T Inc., mobile, +1-414-520-3535, cbauer@attnews.us
Web site: http://www.att.com/
Hill-Rom Asia-Pacific Innovation Center Holds Opening Event in SingaporeNew Center officially opens with focus on applied development in micro-electronics and embedded software.Chairman of Singapore Economic Development Board Lim Siong Guan is guest of honor at event to officially commemorate the opening.
BATESVILLE, Ind. and SINGAPORE, Aug. 24 /PRNewswire-FirstCall/ -- Hill-Rom has formally opened its Asia-Pacific Innovation Center in Singapore. Today, the company hosted an event to commemorate the opening. The selection of Singapore as the site for the Asia-Pacific Innovation Center was first announced in November 2007.
"Hill-Rom is pleased to celebrate the opening of this important addition to our global R&D footprint," said Peter H. Soderberg, president and CEO of Hill-Rom, who was present to host. "Our Innovation Center in Singapore represents an acceleration of our efforts to embed increasingly sophisticated and differentiated micro-electronics and software in our products. We also see the opening of this Center as an important step in globalizing our products and presence."
Attending the opening event as the guest of honor, Mr. Lim Siong Guan, chairman of the Singapore Economic Development Board, said, "We congratulate Hill-Rom on the opening of its Asia-Pacific Innovation Center. Asia presents new growth opportunities for the medical technology industry with its growing ageing population and rising affluence. Against this backdrop, Singapore presents a strategic location for companies to tap on Asia's growth by forging strategic partnerships with our base of global industry partners, research institutes and hospitals. These partnerships will position Singapore as a one- stop location for companies to test-bed and develop cost-effective, efficient healthcare systems and solutions for the regional and global markets."
The Asia-Pacific Innovation Center is now the home base for new Hill-Rom teams focused on research & development projects for global applications of various Hill-Rom products. Teams in Singapore are developing projects that involve microelectronics, embedded software, and electro-mechanical systems. These projects are integral to the technical development of new Hill-Rom beds and therapy surfaces.
"Innovation and partnering are key levers for a successful medical technology company like Hill-Rom," said Abel Ang, chief technology officer for Hill-Rom. "That's why we saw Singapore as a perfect location. Not only does Singapore offer great technical talent, but also it provides an environment with sophisticated health care institutions and a strong government supportive of growth. As our R&D Center ramps up, we are looking to collaborate with our Asian partners to advance and test new bed technologies and business models with the intent of raising the standard of care offered to patients and caregivers worldwide."
The Singapore Center is part of Hill-Rom's previously announced strategic focus on R&D aimed at ensuring that Hill-Rom products uniquely meet the current and future needs of caregivers and the patients they serve. Announcement of the Center in Singapore followed an earlier 2007 addition of a Batesville-based Global Innovation Center which added approximately 80 new Indiana-based jobs. Hill-Rom also has R&D work ongoing at sites located in Montpellier, France and in Pluvigner, France. The Singapore Center is complementary to these world-wide efforts and will serve as a natural extension for Hill-Rom's current investments in its Suzhou, China location.
Soderberg explained that Hill-Rom has an ongoing commitment to its home base in Indiana but also recognizes the need to leverage opportunities in the Asia-Pacific region as well as to tap into the talents and strengths of a global workforce. Singapore, with its regional reputation for advancing technology development and innovation, its similarities to North America in terms of its health care environment and its proximity to the broader Asia- Pacific region made it a natural choice.
The company plans to have 17 associates based at the Asia-Pacific Innovation Center by the end of this year and plans additional expansion over the next five years. The Hill-Rom Asia-Pacific Innovation Center in Singapore now includes 11,000 square feet of space built out as offices, research and development labs and a customer experience center. In addition to the R&D staff, this location is the home to sales and marketing staff in the region.
About Hill-Rom
Hill-Rom is a leading worldwide manufacturer and provider of medical technologies and related services for the health care industry, including patient support systems, non-invasive therapeutic products for a variety of acute and chronic medical conditions, medical equipment rentals, and information technology solutions. Hill-Rom's comprehensive product and service offerings are used by health care providers across the health care continuum and around the world in hospitals, extended care facilities and home care settings to enhance the safety and quality of patient care.
Hill-Rom ... enhancing outcomes for patients and their caregivers.
http://www.hill-rom.com/
Disclosure Regarding Forward-Looking Statements
Certain statements in this press release contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company's future plans, objectives, beliefs, expectations, representations and projections. The Company has tried, wherever possible, to identify these forward-looking statements using words such as "intend," "anticipate," "believe," "plan," "encourage," "expect," "may," "goal," "become," "pursue," "estimate," "strategy," "will," "projection," "forecast," "continue," "accelerate," "promise," "increase," "higher," "lower," "reduce," "improve," "expand," "progress," "potential" or the negative of those terms or other variations of them or by comparable terminology. The absence of such terms, however, does not mean that the statement is not forward-looking. It is important to note that forward- looking statements are not guarantees of future performance, and the Company's actual results could differ materially from those set forth in any forward- looking statements. Factors that could cause actual results to differ from forward-looking statements include but are not limited to: the Company's dependence on its relationships with several large group purchasing organizations, whether the Company's new products are successful in the marketplace, changes in customers' Medicare reimbursements, collections of accounts receivable, compliance with FDA regulations, antitrust litigation, potential exposure to product liability or other claims, failure of the Company's announced strategic initiatives and restructuring and realignment activities to achieve expected growth, future restructuring or realignment activities, efficiencies or cost reductions, disruptions in the Company's business or other adverse consequences resulting from the recent spin-off of the funeral service business, failure to realize the anticipated benefits of the spin-off, failure of the Company to execute its acquisition and business alliance strategy through the consummation and successful integration of acquisitions or entry into joint ventures or other business alliances, increased costs or unavailability of raw materials, labor disruptions, the ability to retain executive officers and other key personnel, and certain tax- related matters. For a more in depth discussion of these and other factors that could cause actual results to differ from those contained in forward- looking statements, see the discussions under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the period ended September 30, 2007, its Current Report on Form 8-K filed with the SEC on March 17, 2008, and the Quarterly Report on Form 10-Q for the quarter ended June 30, 2008. The Company assumes no obligation to update or revise any forward-looking statements.
Hill-Rom
CONTACT: Media, Lauren Green-Caldwell, Director, Corporate Communications & Public Relations, +1-812-934-8692, lauren.green-caldwell@hill-rom.com; Investor Relations, Blair A. (Andy) Rieth, Jr., Vice President, Investor Relations, Corporate Communications & Global Brand Development, +1-812-931-2199, andy.rieth@hill-rom.com, both of Hill-Rom
Web site: http://www.hill-rom.com/
News Archives of August 2008
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
News Archives other dates
2009: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2006: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec |