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Financial Technologies Unveils Microsite http://ar2008.ftindia.com for its Annual Report 2008
MUMBAI, August 27 /PRNewswire/ -- Financial Technologies (India) Ltd. (NSE: FINANTECH, BSE: FlNTECH) has
unveiled a special micro website http://ar2008.ftindia.com for Annual Report
2008.
The microsite has been specially designed and created to serve Financial
Technologies community in a more transparent and user friendly access to its
Annual Report content.
"Our vision with the micro site is to offer most dynamic web experience
to our users with seamless and ubiquitous access to our financial and
strategic content of Annual Report and our quarterly earnings on an ongoing
basis.
"The theme 'Value' is the raison d'etre of the company and reinforces our
continued commitment to deliver unmatched consistently to all our
stakeholders across the Board.
Other major innovations in Annual Report include 'Leadership Speak' as
contribution from the following Board and / or Advisory Board members of FT
Group." said Mr. Miten Mehta, Director - Communications and Investor
Relations.
- Mr. Jignesh Shah - 'Charting New Electronic Trade Routes'
- Mr. Leo Melamed - 'Derivative Markets - Living in Interesting
Times' (excerpt from speech delivered at SMX announcement).
- Mr. G. N. Bajpai - 'New Markets, New Opportunities'.
- Mr. Kiran Karnik - 'Tech-Centric Markets - Platform for
Disruptive Innovation'.
- Mr. Ang Swee Tian - 'Development of a Pan-Asian Derivatives
Market for Commodities' (excerpt from speech delivered at SMX
announcement).
About Financial Technologies (India) Ltd.
Financial Technologies (India) Limited (http://www.ftindia.com) is a
US$1.84 billion (market capitalization, (NSE: FINANTECH, BSE: FlNTECH) global
leader in creating and operating technology-centric, next-generation
financial markets that are transparent, efficient, and liquid, across multi-
asset-class including equities, commodities, currency and bond among others.
Our highly robust and scalable exchange and trading technology platform
(Intellectual Property), coupled with deep domain expertise, gives us a
decisive edge in driving mass disruptive innovation at a speed and cost of
execution that are unmatched in the financial markets. This expertise
uniquely positions Financial Technologies and helps create electronic,
organized, and regulated financial markets for 'new asset classes' and 'new
investor classes' that are either underserved or economically unviable to
serve by traditional companies.
Our markets transform lives of people by democratizing global trade and
economy and propagating the benefits of 'price discovery', 'trade
efficiency', 'risk hedging', and 'structured finance' to the masses. These
benefits in turn create inclusive and equitable growth by unlocking value
from the middle and bottom of the socio-economic pyramid.
ODIN(TM), the flagship brokerage solution suite, is used by an estimated
80% of the brokers of the Indian transaction automation market and has over
320,000 licenses issued as on 31st March, 2008. DOME(TM) is the leading
'Exchange Platform of Choice' to set up and operate next generation markets.
Exchange Ventures
Financial Technologies has set up the following eight exchange ventures:
- MCX (http://www.mcxindia.com): India's No. 1 multi-commodity futures
exchange, ranked among top 10 in the world as per FIA
- DGCX, Dubai (http://www.dgcx.ae): First international commodity and
currency derivatives market in the Middle East.
- IBS Forex (http://www.ibsfx.com): India's No. 3 inter-bank forex
exchange platform
- NSEL (http://www.nationalspotexchange.com): A pan-India electronic
spot market for agri commodities trading
- IEX (http://www.iexindia.com): India's first power exchange for
trading in electricity
- SNX (http://www.snxindia.com): India's first spot exchange for trading
in perishable commodities
- GBOT (http://www.gbot.mu): Multi asset-class electronic exchange from
Mauritius to serve as a gateway to the African continent.
- SMX (http://www.smx.com.sg): First international Pan-Asian derivatives
exchange, that will provide a single platform for multi-product trade
between Asia and the world.
For further information, contact:
Miten Mehta
Director- Communications & Investor Relations
Financial Technologies (India) Limited
Phone: +91-22-67152000
Fax: +91-22-67152001
Email: miten.mehta@ftindia.com
Vaishali Kariya
Sr. Vice President- Investor Relations
Financial Technologies (India) Limited
Phone: +91-22-67152000
Fax: +91-22-67152001
Email: vaishali.kariya@ftindia.com
Shreekant Javalgekar
Director- Finance
Financial Technologies (India) Limited
Phone: +91-22-67152000
Fax: +91-22-67152001
Email: shreekant.javalgekar@ftindia.com
Financial Technologies (India) Limited
For further information, contact: Miten Mehta, Director- Communications & Investor Relations, Financial Technologies (India) Limited, Phone: +91-22-67152000, Fax: +91-22-67152001, Email: miten.mehta@ftindia.com. Vaishali Kariya, Sr. Vice President- Investor Relations, Financial Technologies (India) Limited, Phone: +91-22-67152000, Fax: +91-22-67152001, Email: vaishali.kariya@ftindia.com. Shreekant Javalgekar, Director- Finance, Financial Technologies (India) Limited, Phone: +91-22-67152000, Fax: +91-22-67152001, Email: shreekant.javalgekar@ftindia.com
Azure Dynamics Closes Previously Announced Private Placement
OAK PARK, Michigan, August 27 /PRNewswire/ --
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Azure Dynamics Corporation (TSX: AZD, LSE: ADC & OTCQX: AZDDF) - ("Azure"
or the "Company"), a leading developer of hybrid electric and electric
powertrains for commercial vehicles, is pleased to announce that it has
closed a private placement offering of 100,000,000 common shares at a price
of CDN$0.25 per common share (the "Issue Price") for gross proceeds of
CDN$25,000,000 (the "Offering").
The Offering constituted a non-Canadian portion (constituting 84,000,000
shares which were admitted to trading on AIM earlier today) and a Canadian
portion (constituting 16,000,000 shares which are expected to be admitted to
trading on AIM tomorrow).
As part of the Offering, four of the Company's directors purchased
1,640,000 shares in aggregate at the Issue Price.
Total Holding following
Director Name Number of Shares Price the Offering
Dennis Sharp 1,000,000 CDN$0.25 1,912,410
Cam Deacon 80,000 CDN$0.25 1,133,243
James Padilla 400,000 CDN$0.25 720,000
Scott Harrison 160,000 CDN$0.25 380,000
Raymond James Ltd. acted as agent to Azure in Canada, and Numis
Securities Limited acted as agent to Azure in the United Kingdom and certain
other foreign jurisdictions, in connection with the Offering.
About Azure Dynamics
Azure Dynamics Corporation (TSX: AZD) (LSE: ADC) (OTCQX: AZDDF) is a
world leader in the development and production of hybrid electric and
electric components and powertrain systems for commercial vehicles. Azure is
strategically targeting the commercial delivery vehicle and shuttle bus
markets and is currently working internationally with various partners and
customers. The Company is committed to providing customers and partners with
innovative, cost-efficient, and environmentally-friendly energy management
solutions.
For more information please visit http://www.azuredynamics.com.
The TSX and LSE Exchanges do not accept responsibility for the adequacy
or accuracy of this release.
Numis Securities Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for the
Company and for no one else in relation to the Offering and will not be
responsible to anyone other than the Company for providing the protections
afforded to their clients or for providing advice in relation to the Offering
or any other matter referred to in this announcement.
Forward Looking Statements
This press release contains forward-looking statements. More
particularly, this press release contains statements concerning Azure
Dynamics' business development strategy, projected commercial revenues and
product deliveries.
The forward-looking statements are based on certain key expectations and
assumptions made by Azure Dynamics, including expectations and assumptions
concerning achievement of current timetables for development programs, target
market acceptance of Azure Dynamics' products, current and new product
performance, availability and cost of labour and expertise, and evolving
markets for power for transportation vehicles.
Although Azure Dynamics believes that the expectations and assumptions on
which the forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because Azure Dynamics
can give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by their
very nature they involve inherent risks and uncertainties. Actual results
could differ materially from those currently anticipated due to a number of
factors and risks. These include, but are not limited to, the risks
associated with Azure Dynamics' early stage of development, lack of product
revenues and history of losses, requirements for additional financing,
uncertainty as to commercial viability, uncertainty as to product development
and commercialization milestones being met, uncertainty as to the market for
Azure Dynamics' products and unproven acceptance of Azure Dynamics'
technology, competition for capital, product market and personnel,
uncertainty as to target markets, dependence upon third parties, changes in
environmental laws or policies, uncertainty as to patent and proprietary
rights, availability of management and key personnel, and acquisition
integration risk. These risks are set out in more detail in Azure Dynamics'
annual information form which can be accessed at http://www.sedar.com.
The forward-looking statements contained in this press release are made
as of the date hereof and Azure Dynamics undertakes no obligation to update
publicly or revise any forward-looking statements or information, whether as
a result of new information, future events or otherwise, unless so required
by applicable securities laws.
For further information: Azure Dynamics, Ryan Carr, Chief Financial
Officer, +1-248-298-2403, Email: rcarr@azuredynamics.com; Numis Securities
Limited as Nominated Adviser to the Company, Stuart Skinner, Richard Kenny,
Tel: +44(0)20-7260-1000; Numis Securities Limited as Broker to the Company,
David Poutney, Tel: +44(0)20-7260-1000
Azure Dynamics Corporation
For further information: Azure Dynamics, Ryan Carr, Chief Financial Officer, +1-248-298-2403, Email: rcarr@azuredynamics.com; Numis Securities Limited as Nominated Adviser to the Company, Stuart Skinner, Richard Kenny, Tel: +44(0)20-7260-1000; Numis Securities Limited as Broker to the Company, David Poutney, Tel: +44(0)20-7260-1000
Financial Technologies Unveils Microsite http://ar2008.ftindia.com for its Annual Report 2008
MUMBAI, August 27 /PRNewswire-FirstCall/ -- Financial Technologies (India) Ltd. has unveiled a special micro website http://ar2008.ftindia.com/ for Annual Report 2008. The microsite has been specially designed and created to serve Financial Technologies community in a more transparent and user friendly access to its Annual Report content.
"Our vision with the micro site is to offer most dynamic web experience to our users with seamless and ubiquitous access to our financial and strategic content of Annual Report and our quarterly earnings on an ongoing basis. "The theme 'Value' is the raison d'etre of the company and reinforces our continued commitment to deliver unmatched consistently to all our stakeholders across the Board.
Other major innovations in Annual Report include 'Leadership Speak' as contribution from the following Board and / or Advisory Board members of FT Group." said Mr. Miten Mehta, Director - Communications and Investor Relations.
- Mr. Jignesh Shah - 'Charting New Electronic Trade Routes'
- Mr. Leo Melamed - 'Derivative Markets - Living in Interesting
Times' (excerpt from speech delivered at SMX announcement).
- Mr. G. N. Bajpai - 'New Markets, New Opportunities'.
- Mr. Kiran Karnik - 'Tech-Centric Markets - Platform for
Disruptive Innovation'.
- Mr. Ang Swee Tian - 'Development of a Pan-Asian Derivatives
Market for Commodities' (excerpt from speech delivered at SMX
announcement).
About Financial Technologies (India) Ltd.
Financial Technologies (India) Limited (http://www.ftindia.com/) is a US$1.84 billion (market capitalization, global leader in creating and operating technology-centric, next-generation financial markets that are transparent, efficient, and liquid, across multi- asset-class including equities, commodities, currency and bond among others.
Our highly robust and scalable exchange and trading technology platform (Intellectual Property), coupled with deep domain expertise, gives us a decisive edge in driving mass disruptive innovation at a speed and cost of execution that are unmatched in the financial markets. This expertise uniquely positions Financial Technologies and helps create electronic, organized, and regulated financial markets for 'new asset classes' and 'new investor classes' that are either underserved or economically unviable to serve by traditional companies.
Our markets transform lives of people by democratizing global trade and economy and propagating the benefits of 'price discovery', 'trade efficiency', 'risk hedging', and 'structured finance' to the masses. These benefits in turn create inclusive and equitable growth by unlocking value from the middle and bottom of the socio-economic pyramid.
ODIN(TM), the flagship brokerage solution suite, is used by an estimated 80% of the brokers of the Indian transaction automation market and has over 320,000 licenses issued as on 31st March, 2008. DOME(TM) is the leading 'Exchange Platform of Choice' to set up and operate next generation markets.
Exchange Ventures
Financial Technologies has set up the following eight exchange ventures:
- MCX (http://www.mcxindia.com)/ India's No. 1 multi-commodity futures
exchange, ranked among top 10 in the world as per FIA
- DGCX, Dubai (http://www.dgcx.ae)/ First international commodity and
currency derivatives market in the Middle East.
- IBS Forex (http://www.ibsfx.com)/ India's No. 3 inter-bank forex
exchange platform
- NSEL (http://www.nationalspotexchange.com)/ A pan-India electronic
spot market for agri commodities trading
- IEX (http://www.iexindia.com)/ India's first power exchange for
trading in electricity
- SNX (http://www.snxindia.com)/ India's first spot exchange for trading
in perishable commodities
- GBOT (http://www.gbot.mu)/ Multi asset-class electronic exchange from
Mauritius to serve as a gateway to the African continent.
- SMX (http://www.smx.com.sg)/ First international Pan-Asian derivatives
exchange, that will provide a single platform for multi-product trade
between Asia and the world.
For further information, contact:
Miten Mehta
Director- Communications & Investor Relations
Financial Technologies (India) Limited
Phone: +91-22-67152000
Fax: +91-22-67152001
Email: miten.mehta@ftindia.com
Vaishali Kariya
Sr. Vice President- Investor Relations
Financial Technologies (India) Limited
Phone: +91-22-67152000
Fax: +91-22-67152001
Email: vaishali.kariya@ftindia.com
Shreekant Javalgekar
Director- Finance
Financial Technologies (India) Limited
Phone: +91-22-67152000
Fax: +91-22-67152001
Email: shreekant.javalgekar@ftindia.com
Financial Technologies (India) Limited
CONTACT: For further information, contact: Miten Mehta, Director-
Communications & Investor Relations, Financial Technologies (India) Limited,
Phone: +91-22-67152000, Fax: +91-22-67152001, Email: miten.mehta@ftindia.com.
Vaishali Kariya, Sr. Vice President- Investor Relations, Financial
Technologies (India) Limited, Phone: +91-22-67152000, Fax: +91-22-67152001,
Email: vaishali.kariya@ftindia.com. Shreekant Javalgekar, Director- Finance,
Financial Technologies (India) Limited, Phone: +91-22-67152000, Fax:
+91-22-67152001, Email: shreekant.javalgekar@ftindia.com
TI's Dave Pahl to speak at Kaufman Bros. investor conferenceLive webcast at www.ti.com/irSept. 4, 2008, 9 a.m. Eastern time
DALLAS, Aug. 27 /PRNewswire-FirstCall/ -- Texas Instruments Incorporated (TI) announced that Dave Pahl, director of Investor Relations, will speak at the Kaufman Bros. 11th Annual Investor Conference in New York City on Sept. 4, at 9 a.m. Eastern time. Pahl will discuss TI's business outlook and its strategy to address key markets for its analog and embedded processing technologies and how these capabilities position it for growth.
The audio webcast can be accessed live through the Investor Relations section (http://www.ti.com/ir) of TI's website. Archived replays are available for 2 weeks.
Texas Instruments helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through manufacturing, design and sales operations in more than 25 countries. For more information, go to http://www.ti.com/.
Photo: http://www.newscom.com/cgi-bin/prnh/20010105/NEF016LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Texas Instruments Incorporated
CONTACT: Chris Rongone, +1-214-480-6868, c-rongone@ti.com, or Renee
Fancher, +1-214-567-7447, rfancher@ti.com, both of Texas Instruments
Incorporated (Please do not publish these numbers or e-mail addresses.)
Web site: http://www.ti.com/
DTE Energy to Launch Advanced Metering Program$350 million program means more accurate meter reading, power outage detection
DETROIT, Aug. 27 /PRNewswire/ -- DTE Energy today announced it will launch an advanced metering program to provide customers with more accurate meter reads every month, information about their energy usage and a system for recognizing power outages without customer input.
Itron, a leading technology provider for the energy industry based in Liberty Lake, Wash., has been contracted to provide the equipment and implement the program. Itron will begin an initial installation in Grosse Ile Township and eventually install 30,000 new electric meters and gas meter modules for system evaluation and performance testing. Full deployment of the advanced metering system will begin in 2009, subject to successful performance test results.
The program incorporates technology that allows electric and natural gas meters to be read remotely and provide a wide range of benefits to customers, as well as operational savings through increased efficiencies to DTE Energy.
Called Advanced Metering Infrastructure (AMI), the $350 million program will be implemented over the next six years and serve as a platform to eliminate manual meter reading, provide remote monitoring of the electric distribution system and enable customers to manage their bills by tracking their consumption and demand via the DTE Energy web site.
"AMI has been proven to provide wide-ranging operational and customer benefits," said Robert J. Buckler, Detroit Edison president and chief operating officer. "This technology will be a major driver for service quality and provide more options for our customers to manage their energy bills."
DTE Energy has nearly 4 million electric and gas meters scheduled to be read every month, although some go unread because of severe weather, dogs, locked gates or other access problems.
"With AMI we will be able to achieve more than a 99 percent daily meter reading rate, which will eliminate the vast majority of estimated bills," Buckler said.
After the system testing and evaluation process has been completed, installation would spread throughout Detroit Edison's and Michigan Consolidated Gas Co.'s service areas on a community-by-community basis. Every electric meter in Southeast Michigan would be replaced with solid state meters having no rotating dials, and every gas meter would be modified with an AMI module. Customers would be notified when meter changes are scheduled in their communities.
Besides more accurate meter reading, AMI will provide customers these benefits:
-- Remote monitoring of the distribution network which will enable faster and more reliable power outage detection and restoration. In addition, the system will detect low voltage situations impacting a customer's service.
-- An ability to track consumption and demand, and provide assistance to adjust consumption to align with budgets, as well as a choice of billing cycles to better meet customers' cash flow requirements.
-- Identification of individual service problems that may not be immediately apparent behind a circuit-wide problem.
AMI also will provide DTE Energy with enhanced energy theft/meter tampering detection and the ability to reconnect and disconnect service remotely.
One of the main challenges in implementing the system is visiting every DTE Energy customer - especially customers whose gas and/or electric meters are inside - to change out or modify the meters. About 20 percent of DTE Energy meters are inside homes and businesses.
"We're going to communicate early and often so our customers know when to expect us," Buckler said. "The technology is something we want our customers to benefit from as quickly as possible."
DTE Energy contracts for meter reading services, which will be phased out over the six-year implementation period. This gradual phase-out will provide ample time to minimize the impact on meter readers. The company has met with its unions and will make reasonable efforts to provide other job opportunities within the company.
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include Detroit Edison, an electric utility serving 2.2 million customers in Southeastern Michigan, MichCon, a natural gas utility serving 1.3 million customers in Michigan and other non-utility, energy businesses focused on power and industrial projects, coal and gas midstream, unconventional gas production and energy trading. Information about DTE Energy is available at http://www.dteenergy.com/.
Itron is a leading technology provider to the global energy industry. Itron delivers industry-leading solutions for electricity, gas and water utilities by offering meters, data collection and communication systems, meter data management and utility software applications; as well as comprehensive project management, installation and consulting services. Information about Itron is available at http://www.itron.com/.
DTE Energy
CONTACT: Scott Simons, +1-313-235-8808, or Lorie N. Kessler,
+1-313-235-8807, both of DTE Energy
Web site: http://www.dteenergy.com/
http://www.itron.com/
MasTec Senior Management to Present at Kaufman Brothers and Morgan Keegan Investor Conferences
CORAL GABLES, Fla., Aug. 27 /PRNewswire-FirstCall/ -- MasTec, Inc. today announced that its senior management will be in New York City presenting at the Kaufman Brothers 11th Annual Investor Conference on Wednesday, September 3rd, at approximately 10:30 a.m. Eastern time, and in Memphis at the Morgan Keegan Equity Conference on Thursday, September 4th, at approximately 12:05 a.m. Eastern time.
The KBRO presentation audio and slides will be webcast live on the Internet at http://www.wsw.com/webcast/kbro13/mtz/.
The Morgan Keegan presentation audio and slides will be webcast live on the Internet at http://www.wsw.com/webcast/mk17/mtz/.
Both presentations may be accessed through a link on the investor relations page of MasTec's website at http://www.mastec.com/. Interested parties should check the Company's website for any schedule updates or time changes. The presentation will also be available for replay on the MasTec website for an additional 30 days.
MasTec is a leading specialty contractor operating mainly throughout the United States across a range of industries. The Company's core activities are the building, installation, maintenance and upgrade of communication and utility infrastructure systems. The Company's corporate website is located at http://www.mastec.com/.
MasTec, Inc.
CONTACT: J. Marc Lewis, Vice President - Investor Relations of MasTec,
Inc., +1-305-406-1815, +1-305-406-1886 fax, marc.lewis@mastec.com
Web site: http://www.mastec.com/
http://www.wsw.com/webcast/kbro13/mtz
http://www.wsw.com/webcast/mk17/mtz
CareerBuilder.com Launches CBInstitute.com to Help Workers Strengthen Their Skill Sets Through Online Courses
CHICAGO, Aug. 27 /PRNewswire/ -- A job candidate's skill set can often be a deciding factor to landing a new job or getting promoted. To help workers improve their skill set and make themselves more marketable, CareerBuilder.com has launched CBInstitute.com, a new site featuring hundreds of online courses.
Courses on CBInstitute.com are designed and created by leading industry specialists and content is gathered from years of research from subject matter experts in areas such as:
-- Computer skills
-- Business skills
-- Management and leadership skills
-- Sales training
-- Language training
-- Licensing and Certifications
-- Assessments
From soft skills like business etiquette and time management to hard skills like language and typing courses, CBInstitute.com offers a wide range of topics. Those looking to sharpen their Spanish or German skills, get a certification in customer service or learn the basics of Microsoft Excel, among others, can conveniently take courses on their own timetable. Additionally, free demonstrations are available for any course so workers can try different courses on for size.
"Many workers may wonder how they can find the time to hone their skills, and the answer is the Internet -- it's an accessible solution that provides engaging content and flexible scheduling," said Christian Idiodi, Director of CBInstitute.com, a division of CareerBuilder.com. "CBInstitute.com offers easy-to-use online courses at all levels to help employees get ahead in their current jobs or improve their skills to land the job they aspire to have. CBInstitute.com also allows workers to read advice articles, exercise their brains and download job aids."
Employers agree that online courses are beneficial to workers. In fact, a recent CareerBuilder.com survey of more than 2,700 hiring managers found that three-in-four (76 percent) of employers think online courses are helpful in providing workers with supplementary training and education.
In addition, candidates who polish their skills can separate themselves from the pack to help land a job. According to the survey, 64 percent of employers find social interview skills and the ability to communicate well the most important to them when considering a potential employee. The next most important skills to employers include critical thinking (63 percent), time management (63 percent), good customer service (55 percent), ethical business choices (39 percent) and the ability to market and sell efficiently (24 percent).
And it doesn't stop at the interview. Once candidates land a position, employers expect them to consistently improve upon their skill set too. Many employers want their employees to sharpen their skills in common office software programs such as Microsoft Excel (44 percent) along with their time management (62 percent), customer service (45 percent), leadership (39 percent), interpersonal skills (33 percent), business etiquette (26 percent) and business ethics (17 percent).
Survey Methodology
This survey was conducted online within the U.S. by Harris Interactive on behalf of CareerBuilder.com among 2,757 hiring managers and human resource professionals (employed full-time; not self-employed; with at least significant involvement in hiring decisions) ages 18 and over between February 11, and March 13, 2008, respectively (percentages for some questions are based on a subset US Employers, based on their responses to certain questions). With a pure probability sample of 2,757 one could say with a 95 percent probability that the overall results have a sampling error of +/- 1.87 percentage points and, respectively. Sampling error for data from sub-samples is higher and varies.
About CBInstitute.com
CBInstitute.com is a division of CareerBuilder.com, the nation's largest online job site with more than 23 million unique visitors and over 1.6 million jobs. CBInstitute.com develops online courses to help employees and job seekers get ahead in their current jobs or improve their skills to find the right job. Courses on CBInsitute.com are designed and created by leading industry specialists and content is gathered from years of research from subject matter experts; course offerings include computer skills, business skills, management and leadership skills, sales training, language education and more. Find out more at http://www.cbinstitute.com/.
About CareerBuilder.com
CareerBuilder.com is the nation's largest online job site with more than 23 million unique visitors and over 1.6 million jobs. Owned by Gannett Co., Inc. , Tribune Company, The McClatchy Company and Microsoft Corp. , the company offers a vast online and print network to help job seekers connect with employers. CareerBuilder.com powers the career centers for more than 1,600 partners, including 140 newspapers and leading portals such as AOL and MSN. More than 300,000 employers take advantage of CareerBuilder.com's easy job postings, 26 million-plus resumes, Diversity Channel and more. CareerBuilder.com and its subsidiaries operate in the U.S., Europe, Canada and Asia. For more information, visit http://www.careerbuilder.com/.
CareerBuilder.com
CONTACT: Allison Nawoj of CareerBuilder.com, +1-773-527-2437,
allison.nawoj@careerbuilder.com
Web site: http://www.careerbuilder.com/
Wilton, Connecticut Residents to Benefit from Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access
WILTON, Conn., Aug. 27 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in Fairfield County, Verizon Wireless has activated a new cell site. The new site increases wireless voice and data coverage and capacity along Route 33 in Wilton, Connecticut as well as the surrounding area.
Verizon Wireless has invested more than $45 billion since it was formed to increase the coverage and capacity of its national network and to add new services like BroadbandAccess and V CAST. Regionally the company has invested over $2.2 billion into its New England network, including over $100 million during the first six months of 2008. As a result of these investments, every Verizon Wireless cell site in New England provides wireless broadband connectivity.
"We've always believed that even the most advanced cell phone is only as good as the network it runs on," said director for Network Systems Performance for Verizon Wireless, Richard Enright. "We continue to aggressively invest into our wireless networks across New England to increase coverage and capacity for our customers."
BroadbandAccess offers computer users the nation's most reliable high- speed wireless mobile broadband network, operating at average upload speeds between 500 and 800 kbps, and download speeds between 600 kbps and 1.4 mbps over Verizon Wireless' BroadbandAccess with EV-DO Revision A network. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones.
Strong demand for Verizon Wireless services continued during the second quarter of 2008 as the company added 1.5 million net new customers and, for the fifteenth consecutive quarter, reported the lowest customer turnover (highest customer loyalty) rate in the wireless industry.
The company's 'nation's most reliable wireless network' reputation is based on network studies performed by real-life test men and test women throughout the country who inspired the "can you hear me now" national advertising campaign. Nationally, these test men and women drive nearly 100 specially equipped vehicles almost 1,000,000 miles annually on Interstate, U.S. and state highways as well as major roads and surface streets in high- population areas, based upon U.S. Census counts, to confirm that voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.
About Verizon Wireless Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Michael Murphy of Verizon Wireless, +1-781-932-1213,
Michael.Murphy@verizonwireless.com; or Marcia Simon of Thomson Communications,
+1-860-399-0191, for Verizon Wireless
Web site: http://www.verizonwireless.com/
http://www.verizonwireless.com/multimedia
ZTE Selects Tundra Semiconductor for Next Generation PlatformTundra's PCI Express Product Brings Maximum Performance to New Graphics Card
OTTAWA, Aug. 27 /PRNewswire-FirstCall/ -- Tundra Semiconductor Corporation (TSX:TUN), a leader in System Interconnect, has been selected by ZTE Corporation, a leading global provider of telecommunications equipment and network solutions, to supply Tundra's high performance PCI Express(R) product for ZTE's Next Generation Platform System Graphics Card.
ZTE selected Tundra's high performance semiconductor to improve overall performance on its new Graphics Card. Tundra's high performance semiconductor has typical power consumption of 1.3W, and incorporates power management to minimize power consumption during operation. In addition, the Tundra's PCI Express product offers the flexibility, high performance, small footprint, low power consumption and drop-in compatibility that ZTE required for its new design.
"Tundra's high performance PCI Express semiconductor is the best fit for ZTE's Next Generation Platform Graphics Card. Our engineers evaluated several other products available on the market and found that Tundra offered the best performance and power against the competition. Our designs require the best technology to solve our customers' needs and Tundra's interconnect solutions are the best the market has to offer," said Mr. Zhu Baowang, Project Manager, Design and Development Dept., Central Research Institute, ZTE . "The design support provided by Tundra is second-to-none in the industry and ZTE continues to rely on Tundra's industry-leading interconnect expertise."
"We are proud to work with ZTE on their new designs. Tundra is committed to the expanding China market and we are pleased to partner with global leaders such as ZTE to bring new technologies to the industry," said Daniel Hoste, President and Chief Executive Officer, Tundra Semiconductor. "Tundra's PCI Express products offer the best performance features on the market today and are backed by Tundra's world-class design support tools, development platforms and customer support," continued Hoste.
About ZTE
ZTE is a leading global provider of telecommunications equipment and network solutions. The ZTE product range is the most complete in the world - covering virtually every sector of the wireline, wireless, service and terminals markets. The company delivers innovative, custom-made products and services to customers in more than 135 countries, helping them to achieve continued revenue growth and to shape the future of the world's communications. ZTE commits around 10% of annual turnover to research and development and takes a leading role in a wide range of international bodies developing emerging telecoms standards. It is the fastest growing telecoms equipment company in the world, and is China's only listed telecoms manufacturer, with shares publicly traded on both the Hong Kong and Shenzhen Stock Exchanges. In the Asian Wall Street Journal's Readers' Survey 2007, ZTE was among the Top 10 Most Admired Companies in China, the only company that was included in the Top 10 list representing the telecom industry. ZTE was awarded the "Most Promising Vendor of the Year" by Frost & Sullivan in its 2007 Asia Pacific ICT Awards, and was reported as the fastest growing telecom equipment and solutions provider among the major telecom vendors worldwide by IDC in 2007. ZTE was included in BusinessWeek's 2006 ranking of China's Top 20 Brands. For more information, please visit http://www.zte.com.cn/.
About Tundra
Tundra Semiconductor Corporation (TSX:TUN) supplies the world's leading communications, computing and storage companies with System Interconnect products, intellectual property (IP) and design services backed by world-class customer service and technical support. Tundra's track record of product leadership includes over a decade of bridges and switches enabling key industry standards: RapidIO(R), PCI, PCI-X, PCI Express(R), Power Architecture(TM), VME, HyperTransport(TM), Interlaken, and SPI4.2. Tundra's products deliver high functional quality and simplified board design and layout, with specific focus on system level signal integrity. Tundra's design services division, Silicon Logic Engineering, Inc., offers industry-leading ASIC and FPGA design services, semiconductor intellectual property and product development consulting. Tundra's technology connects critical components in high performance embedded systems around the world. For more information, please visit http://www.tundra.com/.
TUNDRA and the Tundra logo are registered marks of Tundra Semiconductor Corporation in Canada, the United States, the European Union and the People's Republic of China. Design.Connect.Go. are trademarks of Tundra Semiconductor Corporation. Other registered and unregistered trademarks are the property of their respective owners.
(C) Copyright 2008 Tundra Semiconductor Corporation. All rights reserved.
Information subject to change without notice.
TUNDRA SEMICONDUCTOR CORPORATION
CONTACT: Keri Zeran, Director Marketing Communications, (613) 592-0859
ext. 1744, Mobile: (613) 697-6788, keri.zeran@tundra.com; Mr.Zhu Baowang,
Project Manager, Design & Development Dept., Central Research Institute, ZTE
Co.,Ltd., +86-25-52877483, Mobile: +86-13951899070, zhu.baowang@zte.com.cn
Zix Corporation Names xDefenders 2007 Diamond Partner of the YearLongtime Diamond Partner finds continued success with SMB market
DALLAS, Aug. 27 /PRNewswire-FirstCall/ -- Zix Corporation (ZixCorp(R)), , the leader in hosted services for email encryption and e-prescribing, today announced that xDefenders was awarded the 2007 ZixCorp Diamond Partner of the Year Award for achievement of highest Diamond Partner sales volume for 2007. xDefenders became a valuable member of the ZixCorp partner program in 2005 and has continued to incorporate ZixCorp's Email Encryption Service as part of its total security suite offering.
"We have enjoyed our business relationship with ZixCorp and are honored that we have been named the Diamond Partner of the Year for 2007. Our strong relationship, backed by their leading technology and email encryption service, has made supporting the ZixCorp solution smooth and simple," said Jeff Thon, vice president of sales and marketing for xDefenders. "ZixCorp's Email Encryption Service complements our dedication to implement trusted, reliable security services for our customers. The customizable service fits in well with our personalized approach to information security."
As a ZixCorp Diamond Partner, xDefenders has access to sales and technical training, lead sharing, joint seminar and tradeshow participation, beta testing, exclusive discounts and cooperative marketing opportunities. ZixCorp provides reseller partners with the products, programs and services they need to be successful. When a company joins the ZixCorp Partner Program, they enjoy the advantage of working with the largest email encryption service, providing send-to-anyone capabilities and access to ZixDirectory(TM), the largest email encryption directory in the world with over 11 million protected addresses. ZixDirectory connects all ZixCorp customers for seamless, transparent, and secure email. There are more than 1,000 hospitals in the directory, more than 30 Blues organizations, 700 financial institutions, the federal banking regulators, 20 state banking regulatory agencies and a growing number of federal, state and county governments.
"xDefenders has been a quality Diamond Partner for ZixCorp over the past several years and we are very excited with their tremendous success in 2007 and now into 2008," said Steve Irons, vice president of corporate sales, marketing and channels for ZixCorp's Email Encryption Service. "xDefenders offers clients decades of information security experience and is a perfect fit to represent ZixCorp's Email Encryption Service in an expanding market."
For more information on ZixCorp's Diamond Partner program, please visit the partner section of the ZixCorp corporate website at http://www.zixcorp.com/partners.
About xDefenders, inc.
xDefenders, inc. is a five-year-old managed security service provider (MSSP) that is based in Rochester, N.Y. xDefenders maintains a security operations center (SOC) and CISSP staff to support its clients in 45 states. Intrusion prevention, intrusion detection services and compliance consulting are provided by xDefenders. Its focus markets are financial institutions, healthcare, and commercial. xDefenders was acquired by Synergy Global Solutions, of Rochester, early in 2007.
About Zix Corporation
ZixCorp is the leading provider of easy-to-use-and-deploy email encryption and e-prescribing services that Connect entities with their customers and partners to Protect and Deliver sensitive information in the healthcare, finance, insurance and government industries. ZixCorp's hosted Email Encryption Service provides an easy and cost-effective way to ensure customer privacy and regulatory compliance for corporate email. Its PocketScript(R) e-prescribing service saves lives and saves money by automating the prescription process between payors, doctors and pharmacies. For more information, visit http://www.zixcorp.com/.
Zix Corporation
CONTACT: Public Relations, Farrah Corley, +1-214-370-2175,
publicrelations@zixcorp.com, or Investor Relations, Peter Wilensky,
+1-214-515-7357, invest@zixcorp.com, both of Zix Corporation
Web site: http://www.zixcorp.com/
Next Inning Technology Previews Earnings for Marvell Technology Group, OmniVision Technologies, SeaChange International, and Sigma Designs
PRINCETON, N.J., Aug. 27 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), a subscription service focused on semiconductor and technology stocks, announced it has updated outlooks for Marvell Technology Group , OmniVision Technologies , SeaChange International , and Sigma Designs .
Next Inning published an extensive strategy review by editor Paul McWilliams that provides readers with a unique insight into the macroeconomic landscape for technology companies and his views as to when we can expect the next rally. In this report, he outlines exactly why tech stocks have come under pressure recently and what stocks he thinks investors should buy now in preparation for the next rally. To accept this invitation, click or copy/paste the following link into your browser's address bar:
https://www.nextinning.com/subscribe/index.php?refer=prn705
In his earnings preview, McWilliams wrote: "In my view, this will clearly be a pivotal report for Marvell. The company finally has a permanent CFO, and if it can deliver another good quarter, reasonable optimism for its future, stock based compensation that is not significantly higher than 10% of pro forma gross profit, and more improvement in the transparency of its presentation, the stock should have a solid foundation from which to build. However..."
McWilliams also looks at these topics:
-- Does McWilliams recommend holding Marvell heading into the company's earnings report?
-- Is Wall Street's view of OmniVision too negative? Does McWilliams expect OmniVision to report better-than-expected earnings?
-- Does SeaChange offer enough differentiation in the video server market to make it a worthwhile investment?
-- Is Sigma Designs' lock on the Microsoft IPTV market enough to help this former high flyer return to glory?
Founded in September 2002, Next Inning's model portfolio has returned 224% since its inception versus 86% for the Nasdaq.
About Next Inning:
Next Inning is a subscription financial newsletter focused on technology stocks. Editor Paul McWilliams is a 20+-year industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcie Martin Next Inning Technology Research, +1-888-278-5515
Indie Research Advisors, LLC
CONTACT: Marcie Martin of Next Inning Technology Research,
+1-888-278-5515
Web site: http://www.nextinning.com/
Russia Has Fastest Growing Internet Population in EuropeEuropean Internet Audience Soars to More than 240 Million Visitors in JuneRegional Online Penetration Highest in the Netherlands and Nordic Countries
LONDON, Aug. 27 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today released the results of a study of the online behavior of European Internet audiences based on data from the comScore World Metrix audience measurement service, showing Russia as the fastest-growing Internet population on the continent.
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Fastest Growing Internet Audiences in Europe
The total number of European Internet users grew 8 percent during the past year to 241.8 million visitors in June 2008. Russia ranked as the fastest-growing Internet audience in Europe, up 27 percent to 17.5 million visitors, followed by France (up 21 percent to 31.5 million visitors), Spain (up 15 percent to 16.2 million visitors), and Ireland (up 15 percent to 1.6 million visitors).
Growth of European Internet Audiences
Ranked by Year on Year Growth Rate*
Total Unique Visitors (000)** Age 15+
Home & Work locations
June 2008 vs. June 2007
Source: comScore World Metrix
Country Jun-2007 Jun-2008 % Change
Europe 223,922 241,847 8%
Russian Federation 13,791 17,490 27%
France 26,106 31,463 21%
Spain 14,074 16,245 15%
Ireland 1,400 1,606 15%
Switzerland 3,743 4,183 12%
Denmark 3,109 3,437 11%
United Kingdom 31,669 34,860 10%
Belgium 4,807 5,237 9%
Italy 17,905 19,455 9%
Sweden 5,351 5,766 8%
Austria 3,767 4,056 8%
Norway 2,654 2,835 7%
Germany 32,857 34,986 6%
Finland 2,848 3,015 6%
Netherlands 11,287 11,227 -1%
Portugal N/A 3,618 N/A
*Rankings based on the 16 individually reportable European countries in
comScore World Metrix. European Internet audience figures are
comprehensive and include visitation from countries that are not
individually reportable.
**Excludes traffic from public computers such as Internet cafes or access
from mobile phones or PDAs.
Internet Penetration by Country
Internet adoption was highest in the Netherlands, where 82 percent of the country's total population age 15 and older went online in June. Adoption rates were also high in the Nordic countries, with Denmark (77 percent), Sweden (76 percent), Norway (76 percent) and Finland (69 percent) rounding out the top five.
U.K. Internet users spent the greatest amount of time online, averaging 28.5 hours per user per month, while German Internet users recorded the most page views, averaging 2,906 pages per visitor. Although Russia had the fastest-growing audience in Europe, it ranked near the bottom in terms of penetration and page views.
European Internet Usage Overview
Ranked by Penetration of Total Country Population Age 15+*
Total Unique Visitors (000)** Age 15+
Home & Work locations
June 2008 vs. June 2007
Source: comScore World Metrix
Penetration of
Total Country Average
population, Age Hours per Average Pages
Country 15+ Online (%)*** Visitor per Visitor
Europe 39% 23.3 2,665
Netherlands 82% 23.4 2,884
Denmark 77% 16.8 2,406
Sweden 76% 21.7 2,901
Norway 76% 19.9 2,480
Finland 69% 20.0 2,644
Switzerland 66% 19.0 2,176
United Kingdom 65% 28.5 2,836
France 61% 23.3 2,544
Belgium 60% 19.9 2,343
Austria 58% 16.0 2,078
Ireland 49% 14.6 1,536
Germany 49% 23.2 2,906
Spain 47% 25.1 2,218
Portugal 41% 19.8 2,393
Italy 39% 18.8 1,971
Russian Federation 14% 16.0 2,091
*Rankings based on the 16 individually reportable European countries in
comScore World Metrix. European Internet audience figures are
comprehensive and include visitation from countries that are not
individually reportable.
**Excludes traffic from public computers such as Internet cafes or access
from mobile phones or PDAs.
***Geographic population breakdowns supplied by U.S. Census Bureau, 2007.
About comScore
comScore, Inc. is a global leader in measuring the digital world. For more information, please visit http://www.comscore.com/boilerplate
Photo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
comScore
CONTACT: Jamie Gavin of comScore, Inc., +44 (0) 207 099 1775,
worldpress@comscore.com
Web site: http://www.comscore.com/
Finotec Group, Inc. announces World Forex Trading ContestGrand Prize - Luxury Trip to London for Two
NEW YORK, Aug. 27 /PRNewswire-FirstCall/ -- Finotec Group, Inc. (OTCBB: FTGI), an on-line foreign exchange company whose UK subsidiary, Finotec Trading UK Limited, is regulated by the FSA in the United Kingdom, has announced its World Forex Trading Contest. The contest opened on August 18 and will close on October 20, 2008. The winners will be judged by the amount of profit made in one day during the duration of the contest. The grand prize is a luxury trip to London for two, including a day of training at Finotec's London dealing room. Runners up can receive a laptop computer or trading money. For more details and registration, go to http://www.finotec.com/camp/trading-competition/.
"The World Forex Trading Contest is a way for us to reward those loyal customers who bring us high volumes of business," says Didier Essemini, Chairman of the Board and CEO of Finotec Group, Inc. "We hope that our Grand Prize winner will not only have a great time enjoying London but will also learn more about the financial markets to which Finotec provides access."
Finotec Group, Inc. http://www.finotec.com/
Finotec Group, Inc., a pioneer in online forex trading, developed an internet-based software platform that allows clients to trade in the foreign exchange market. In addition to offering online forex trading, Finotec also offers online trading in indices, equities, commodities, futures and options in one integrated user-friendly system. The Finotec online platform offers real-time pricing and a sophisticated charting tool with over 50 easy-to-use technical indicators.
Cautionary Statement under "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Statements made in this fact sheet may contain information about the Company's future business prospects. These statements may be considered "forward looking" and are subject to risks and uncertainties that could cause actual results that differ materially from those set forth or implied by such forward looking statements.
Finotec Group, Inc.
CONTACT: Finotec Group, Inc., Investor Relations, (212) 796-6417,
ir@finotec.com
Honeywell Emergency Notification Service Gives Delaware State University Fast, Reliable CommunicationsInstant Alert Plus to Connect University with Thousands of Students and Staff
MINNEAPOLIS, Aug. 27 /PRNewswire-FirstCall/ -- Honeywell today announced that Delaware State University (DSU) in Dover, Del., will use the Instant Alert(R) Plus notification service to help communicate with students, faculty and staff in an emergency.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071030/AQTU029LOGO)
DSU previously relied on e-mail, fliers and door-to-door outreach to circulate information. With Instant Alert Plus, the university can now quickly reach people both on and off campus with a clear, consistent message via any communication device -- phone, cell phone, pager, e-mail or PDA. The service can send up to 175,000 30-second phone calls and 125,000 text messages in 15 minutes.
"Instant Alert Plus will help us get important information to more people in less time," said James Overton, chief of police at DSU, which experienced a campus shooting in September 2007. "We never want to go through that type of event again, but if a major emergency arises we are prepared and have the ability to get the word out quickly."
The service also allows DSU to integrate information from its current student and employee databases during set up. As a result, the university is able to leverage existing contact details instead of having to manually enter data, or requiring students and staff to sign up for the service and input their information. This helps ensure that most of the school community will receive critical alerts.
Students, faculty and staff will be able to update their contact details and add new devices through the DSU Web site.
In several recent examples, Instant Alert Plus customers have been able to reach more than 95 percent of their contacts, which is considerably higher than the 20 to 50 percent range that is common with campus notification technology.
Customized Control
To activate an alert, administrators only need to place a phone call or type a message on an Internet-connected computer. Instant Alert Plus uses a series of distributed, redundant call center networks to distribute the information, making it one of the most reliable means of emergency communication available.
Along with broadcasting news, DSU can create an unlimited number of lists and alerts for specific groups, such as residents of a specific dorm or emergency responders. This gives school officials the ability to quickly send messages to contacts who may be in immediate danger or to responders regarding the location of an emergency.
Two-Way Communication
DSU will use the polling feature of Instant Alert Plus to solicit feedback from students, faculty and staff. Other features include the ability to automatically bridge message recipients into a conference call, which is particularly important when administrators are off campus and decisions need to be made immediately. The service also includes real-time, Web-based reports that show who has and has not received a particular alert.
"Planning is key to handling a difficult situation," said Luca Mazzei, vice president of marketing and strategy at Honeywell Building Solutions. "By pulling information from its existing databases and using Instant Alert Plus, DSU is not only preparing for an emergency, but taking the necessary steps to achieve the best outcome."
Created for municipalities, colleges and universities, businesses, and healthcare and industrial facilities, Instant Alert Plus is an extension of Instant Alert for Schools, a notification service that helps K-12 school districts improve communication and emergency preparedness. More than 2,300 schools nationwide use Instant Alert to connect with parents and guardians.
For more information about Honeywell Instant Alert Plus or Instant Alert for Schools, call 800-345-6770 ext. 601 or visit http://www.honeywell.com/instantalert.
Honeywell International is a $38 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London and Chicago Stock Exchanges. For additional information, please visit http://www.honeywell.com/. Honeywell Building Solutions is part of the Honeywell Automation and Control Solutions business group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Building Solutions, access http://www.honeywell.com/buildingsolutions.
This release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management's assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.
Instant Alert(R) is a registered trademark of Honeywell International Inc.
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AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Honeywell
CONTACT: Aaron Parker of Honeywell, +1-763-954-4257,
aaron.parker@honeywell.com
Web site: http://www.honeywell.com/
Advantest Completes Buyout of Credence Systems GmbH
TOKYO, Aug. 27 /PRNewswire-FirstCall/ -- Advantest Corporation, the world's leading semiconductor test equipment manufacturer, has completed its buyout of Credence Systems GmbH (CSG), a manufacturer of test systems for automotive semiconductors. The contract to acquire CSG was signed in June of this year. All closing conditions have been met, including the approval of German antitrust authorities, and the transaction was closed on August 26th, German time.
As of August 26th, CSG will operate as follows, under a new name:
1. New company name: Advantest Europe Systems GmbH
2. Location: Amerang, Germany
3. Company officer (position): Josef Schraetzenstaller (managing director)
Currently: Executive officer of Advantest Corporation
Managing director of Advantest (Europe) GmbH
4. Business Description: Development, manufacture, sale, maintenance and
import/export of test equipment and other electronic devices in the
semiconductor manufacturing sector.
Note: All information supplied in this release is correct at the time of publication, but may be subject to change without warning.
About Advantest
Advantest Corporation is the world's leading automatic test equipment supplier to the semiconductor industry, and also produces electronic instruments and systems. A global company, Advantest has long offered total ATE solutions, and serves the industry in every component of semiconductor test: tester, handler, mechanical and electrical interfaces, and software. Its logic, memory, mixed-signal and RF testers and device handlers are integrated into the most advanced semiconductor production lines in the world. Founded in Tokyo in 1954, Advantest established its first subsidiary in 1982, in the USA, and now has subsidiaries worldwide. Among them, Advantest America, Inc. is based in Santa Clara, CA., Advantest (Europe) GmbH is based in Munich, Germany, and Advantest Taiwan Inc. is based in Hsinchu, Taiwan. More information is available at http://www.advantest.co.jp/
Advantest Corporation
CONTACT: Advantest Corporation, Public and Investor Relations Section,
+81-3-3214-7500; or Advantest (Europe) GmbH, Corporate Communications,
+49-89-99312-0
Web site: http://www.advantest.co.jp/
Microboard chooses Sierra Wireless embedded modules for 3G connectivityMicroboard Ellite notebook computer now offers embedded link to the Claro 3G mobile broadband network in Brazil, for convenient connections on the go
VANCOUVER, and ITAJUBA, Brazil, Aug. 27 /PRNewswire-FirstCall/ -- Sierra Wireless and Microboard today announced that Microboard has selected Sierra Wireless embedded modules to provide 3G wireless connectivity in the Microboard Ellite notebook computer. The Microboard Ellite 3G notebook is now available in Brazil with service on the Claro mobile broadband network, and can be found in the carrier stores. Claro offers to its customers a combination of the Microboard Ellite 3G notebook and broadband services for a one-year contract period on a monthly payment basis.
The integrated Sierra Wireless 3G embedded module in the Microboard Ellite 3G notebook offers an always available, reliable connection to email, the Internet, and corporate networks, simplifying connectivity for mobile professionals, who no longer need to spend valuable time searching for a WiFi hotspot. Sierra Wireless also provides Microboard customers with Sierra Wireless's own Watcher(TM) software for easy connection management. Supporting 3G mobile broadband data speeds of up to 1 Mbps on the Claro 3G network, the Microboard Ellite 3G notebook can transfer even large files quickly, providing the ability to work efficiently away from the office while maintaining the connectivity that has become essential in today's business environment.
"Integrating Sierra Wireless embedded modules into the Microboard Ellite 3G notebook allows us to offer our customers true mobility," said Enrico Prado, Corporate Business Director for Microboard. "Network connectivity has become increasingly important to our customers, and with the Microboard Ellite 3G notebook, they always have access to the information they need to be productive."
"The Microboard Ellite 3G notebook is a stylish, fully featured tool for mobility, and the addition of Sierra Wireless embedded 3G connectivity makes it as effective in a taxi on the way to the airport as it is sitting on a desk," said Dan Schieler, senior vice president of Worldwide Sales for Sierra Wireless. "We are pleased to collaborate with Microboard and Claro to deliver more convenient, reliable mobile broadband access for customers in Brazil."
Sierra Wireless EMPOWERED(TM)
Sierra Wireless 3G embedded modules are powerful, cost effective solutions that easily integrate into laptops, portable devices and fixed wireless terminals, offering complete wireless data solutions over HSPA and EV-DO Rev A networks. The MC8775 for HSDPA networks offers peak download data rates of 3.6 Mbps and offers connectivity to all three HSDPA/UMTS frequency bands (850, 1900, 2100 MHz) and all four EDGE/GPRS bands (850, 900, 1800, and 1900 MHz) used worldwide. Sierra Wireless EMPOWERED(TM) devices deliver the same reliable, high-quality mobile broadband connectivity customers have come to expect from Sierra Wireless, embedded and optimized within the host device to offer the best possible performance.
For more information about Sierra Wireless embedded modules, please visit http://www.sierrawireless.com/product/oemmodules.aspx. To contact the Sierra Wireless Sales Desk, call +1 (604) 232-1488 or e-mail sales@sierrawireless.com.
Note to editors:
----------------
To view and download images of Sierra Wireless products, please visit http://www.sierrawireless.com/product/photos.aspx.
About Microboard
Microboard(R) Laptops and Desktops present to customers a wide variety of options in style and configurations to attend all kinds of needs. Headquartered in Minas Gerais, Brazil, a region recognized as a study and scientific development center, and positioned as one of the five biggest laptops manufacturers in Brazil, Microboard sells to its customers' technological excellence using world's production and supply best practices. For more information about Microboard, visit http://www.microboard.com.br/.
About Sierra Wireless
Sierra Wireless modems and software connect people and systems to mobile broadband networks around the world. The Company offers a diverse product portfolio addressing enterprise, consumer, original equipment manufacturer, specialized vertical industry, and machine-to-machine markets, and provides professional services to customers requiring expertise in wireless design, integration, and carrier certification. For more information about Sierra Wireless, visit http://www.sierrawireless.com/.
"Sierra Wireless EMPOWERED" is a trademark of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply conditions, channel and end customer demand conditions, revenues, gross margins, operating expenses, profits, and other expectations, intentions, and plans contained in this press release that are not historical fact. Our expectations regarding future revenues and earnings depend in part upon our ability to successfully develop, manufacture, and supply products that we do not produce today and that meet defined specifications. When used in this press release, the words "plan", "expect", "believe", and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in the wireless data communications market. In light of the many risks and uncertainties surrounding the wireless data communications market, you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.
Sierra Wireless, Inc.
CONTACT: Sharlene Myers, Sierra Wireless, Phone: (604) 232-1445, Email:
smyers@sierrawireless.com; Enrico Prado Leite, Microboard, Phone: +55 11 3528
2111, Email: enrico@microboard.com.br
Raytheon Systems Excel as LPD 20 Passes US Navy Acceptance Trials
TEWKSBURY, Mass., Aug. 27, 2008 /PRNewswire/ -- Raytheon Company today announced satisfactory system performance onboard the USS Green Bay (LPD 20) as it completed its acceptance trials.
Raytheon Integrated Defense Systems (IDS) is the total ship electronics systems integrator for the LPD 17 class of amphibious transport dock ships.
The trials, which were held at Northrop Grumman Shipbuilding facilities in New Orleans and the Gulf of Mexico, demonstrated the performance and capabilities of Raytheon systems integrated onboard, including ship control and navigation, engineering control, voice and video communications, magnetic signature control systems, and the Shipboard Wide Area Network.
"The completion of these acceptance trials continues our legacy of reliability and proven performance as the Mission Systems Integrator for LPD 17 and our other Navy programs," said Robert Martin, IDS vice president and deputy of Seapower Capability Systems. "This milestone is a critical step toward delivering the advanced capabilities of the LPD 17 class to the Navy and our warfighters."
The acceptance trials, conducted by the U.S. Navy's Board of Inspection and Survey, represent the final construction milestone prior to ship delivery. The assessment consists of in-port and at-sea system testing and is conducted to demonstrate vessel performance and seaworthiness to the Navy.
The USS Green Bay is the fourth ship of the advanced LPD 17 class of amphibious transport dock ships. They provide the Navy's Expeditionary Strike Group with the technology and flexibility to launch and recover amphibious landing craft, such as the Landing Craft Air Cushion, operate an array of rotary-wing aircraft, as well as transport and launch the U.S. Marine Corps' Expeditionary Fighting Vehicle. The LPD 17 class, built by Northrop Grumman Shipbuilding, will replace the functions of the LPD 4, LSD 36, LKA 113, and LST 1179 classes of amphibious ships.
In addition to its role as the total ship electronics systems integrator for LPD 17, IDS is the prime contractor for life-cycle engineering and support of Raytheon-designed and developed equipment aboard the ship. Raytheon's work on the LPD 17 program is performed at the Expeditionary Warfare Center, San Diego, Calif.; Seapower Capability Center, Portsmouth, R.I.; and by Raytheon Technical Services Company in New Orleans and San Diego.
Integrated Defense Systems is Raytheon's leader in Global Capabilities Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.
Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 86 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.
Contact:
Carolyn Beaudry
401.842.3550
Raytheon Company
CONTACT: Carolyn Beaudry of Raytheon Company, +1-401-842-3550
Web site: http://www.raytheon.com/
Tyco Electronics to Present at Citi Global Technology Conference
BERWYN, Pa., Aug. 27 /PRNewswire-FirstCall/ -- Tyco Electronics Ltd. today announced that its Chief Financial Officer, Terrence Curtin, will be presenting at the Citi Global Technology Conference in New York City on Sept. 3, 2008 at 9:15 a.m. EDT.
An audio webcast of Curtin's remarks will be available and can be found at Tyco Electronics' website: http://investors.tycoelectronics.com/. An audio replay of the webcast will be available beginning within 24 hours after the conclusion of Citi's live event on Sept. 4, 2008 and ending at 11:59 p.m. on Oct. 4, 2008 and can be accessed at the same website.
ABOUT TYCO ELECTRONICS
Tyco Electronics Ltd. is a leading global provider of engineered electronic components, network solutions, undersea telecommunication systems and wireless systems, with 2007 sales of $13.0 billion to customers in more than 150 countries. We design, manufacture and market products for customers in industries from automotive, appliance and aerospace and defense to telecommunications, computers and consumer electronics. With over 7,000 engineers and worldwide manufacturing, sales and customer service capabilities, Tyco Electronics' commitment is our customers' advantage. More information on Tyco Electronics can be found at http://www.tycoelectronics.com/.
Tyco Electronics Ltd.
CONTACT: Media, Sheri Woodruff, +1-610-893-9555, cell +1-609-933-9243,
swoodruff@tycoelectronics.com; Investors, John Roselli, +1-610-893-9559,
john.roselli@tycoelectronics.com or Keith Kolstrom, +1-610-893-9551,
keith.kolstrom@tycoelectronics.com, all of Tyco Electronics Ltd.
Web site: http://www.tycoelectronics.com/
http://investors.tycoelectronics.com/
Nottingham, Pennsylvania Residents to Benefit From Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Calling, Data Access, and Music
NOTTINGHAM, Pa., Aug. 27 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in Chester County, Verizon Wireless, the leading wireless company with the most reliable voice and data network, has expanded its network with a new cell site. The new site increases coverage and capacity along Route 1 from Lancaster Pike to East Ridge Road, and along Route 272 near Woodland Drive.
The network expansion is part of an aggressive multi-billion dollar network investment each year (more than $1 billion every 90 days) to stay ahead of the growing demand for Verizon Wireless' voice and data services. The company spent more than $235 million to enhance services and coverage throughout southeastern, central and northeastern Pennsylvania, southern New Jersey and Delaware in 2007, bringing the network investment in the region to more than $1.5 billion since 2000. Nationally, the company has invested nearly $45 billion since it was formed -- $5.5 billion on average every year -- to offer customers the most reliable service available, including wireless data services such as picture messaging, text messaging, and the company's exclusive V CAST service. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones over Verizon Wireless' high-speed EV-DO network. Verizon Wireless's high-speed third generation wireless broadband network has been enhanced with EV-DO Rev. A technology. This enhancement allows customers who use the company's flagship business data service, BroadbandAccess, to interact with Web-based applications, download music over-the-air, access to e-mail, everyday corporate data, the Internet, and more at speeds that are eight to nine times faster than before. For example, BroadbandAccess customers with Rev. A compatible devices can now expect average download speeds of 600 kilobits per second (kbps) to 1.4 megabits per second and average upload speeds of 500-800 kbps, which means customers can download a 1 megabyte e-mail attachment -- the equivalent of a small PowerPoint(R) presentation or a large PDF file -- in about eight seconds and upload the same sized file in less than 13 seconds.
Strong demand for Verizon Wireless services continued during the second quarter of 2008 as the company reported 1.5 million net customer additions. For the 15th consecutive quarter, Verizon Wireless also led the wireless industry in customer loyalty. The company posted a churn (customer turnover) rate of just 1.12%, well below the rate reported by the other major wireless carriers.
Verizon Wireless tests its network and those of its competitors to ensure the Verizon Wireless network remains the nation's most reliable. Nationally, Verizon Wireless' real-life test men and women drive 98 specially equipped vehicles almost 1,000,000 miles annually on Interstate, U.S. and state highways, as well as major roads and surface streets in high-population areas, based upon U.S. Census counts, to determine if voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast- quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Carly Irwin, +1-215-790-4342, or Sheldon Jones,
+1-215-638-5668, both for Verizon Wireless
Web site: http://www.verizonwireless.com/
TI introduces flexible, quad SerDes device with integrated clock jitter cleanerUltra-wide speed range makes it easy for designers to implement various communications standards with one device
DALLAS, Aug. 27 /PRNewswire/ -- Texas Instruments (TI) today introduced a four-channel serializer/deserializer (SerDes) integrated circuit that enables high-speed, bi-directional, point-to-point data transmission with up to 30 Gbps. The device has the flexibility to be configured either as a XAUI or 10 GFC transceiver. This multi-rate transceiver supports a wide data bandwidth range from 600 Mbps to 3.75 Gbps per serial lane to address design challenges in a variety of applications such as gigabit Ethernet links or backplane and front plane connections. (See http://www.ti.com/tlk3134-pr.)
The TLK3134 performs the parallel-to-serial, serial-to-parallel conversion and clock extraction functions for a physical layer interface, all in one compact device. The integrated reference clock jitter cleaner significantly eases the design process and allows the use of an economical reference clock source. The device meets the CPRI and OBSAI specifications for wireless infrastructure equipment. The backplane reach and transmission distance over cable can be extended by this SerDes' serial side transmit de-emphasis and adaptive receiver equalization.
Other key features include the following:
-- Supports independent channel SerDes operation modes in 8-/10-bit data
modes (TBI and 8-bit + control)
-- Supports 10 GbE (XAUI), 1X/2X/10X fibre channel, CPRI (x1/x2/x3),
OBSAI (x1/x2/x4), and 1 GbE (1000 Base-X) data rates
-- 10 GbE XGXS (XAUI) compliant core and 1000 Base-X PCS support
The TLK3134 transceiver complements TI's family of SerDes devices, including the TLK2541 device for EPON optical line terminals and TLK1221 Gigabit Ethernet transceiver. They contribute to TI's broad interface product offering, which includes families of products for M-LVDS, LVDS, CAN, I2C, ESD, RS-485, RS-232 and PCI-Express standards. Please see http://www.ti.com/interface for more information. TI also offers the complete portfolio of analog front end, embedded processors, software and evaluation modules for all wireless infrastructure air interfaces at http://www.ti.com/wi.
Availability
The TLK3134 is available now in a 289-pin BGA package, priced at $35.00 in 1,000-unit quantities. In addition, samples are available online today at http://www.ti.com/tlk3134-pr.
About Texas Instruments
Texas Instruments helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through manufacturing, design and sales operations in more than 25 countries. For more information, go to http://www.ti.com/.
Please refer all reader inquiries to: Texas Instruments Incorporated
Semiconductor Group, SC-08103
Literature Response Center
14950 FAA Blvd.
Fort Worth, TX 76155
1-800-477-8924
Trademarks
All registered trademarks and other trademarks belong to their respective owners.
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Texas Instruments
CONTACT: Tiffany Pang of Texas Instruments, +1-214-567-0324,
tiffany.pang@ti.com; or Jacqi Moore of GolinHarris, +1-972-341-2514,
jmoore@golinharris.com, for Texas Instruments
Web site: http://www.ti.com/
UTStarcom Cited by Voice&Data as No. 1 Broadband Infrastructure Company in IndiaVoice&Data, Leading Telecom Industry Publication, Recognizes Company for Second Year in a Row
ALAMEDA, Calif., Aug. 27 /PRNewswire-FirstCall/ -- UTStarcom, Inc. today announced it has been recognized as the leading broadband infrastructure company in India by Voice&Data for the second year in a row. The V&D100 Top Broadband Infrastructure Company award, which was presented to UTStarcom during the V&D100 Awards by S. C. Khanna, Secretary General, Association of Unified Telecom Service Providers of India (AUSPI), recognizes UTStarcom's sustained leadership in broadband infrastructure and its direct impact on India's telecom market growth. The Voice&Data 100 is an exhaustive annual survey conducted by Voice&Data Magazine, the leading magazine in the Indian telecom services and equipment industries. The ranking of companies in several segments, including broadband, is derived from Voice&Data's vendor revenue estimates based on surveys and market analysis.
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According to the Telecommunications Regulatory Authority of India (TRAI), India has 4.38 million broadband internet users with download speeds in excess of 256 kilobytes per second (kbps) as of June 2008, a figure that has nearly doubled since April 2007.
"As India continues to try to reach its ambitious target of 20 million broadband subscribers by 2010, UTStarcom plays a steadfast role as a key catalyst by providing the latest enabling technologies and equipment to India's leading service providers," said Vijay Yadav, vice president and managing director, South Asia operations for UTStarcom. "We are also the technology provider for the first IPTV service in India and we strive to remain at the core of India's broadband growth."
UTStarcom's market position, as determined by the Voice&Data100 survey, demonstrates the company's continued leadership in critical projects in India such as the BSNL multi-play deployment that began in 2007, the pioneering IPTV deployments with Bharti Airtel and Aksh/MTNL and other key broadband initiatives coinciding with the Government of India's 2007 Year of Broadband campaign. UTStarcom offers a wide range of products that enable service providers to deliver high-quality, affordable voice, data and video services in both emerging and established telecommunications markets worldwide.
In addition, UTStarcom enables service providers to further monetize their existing broadband infrastructure by offering IPTV and complementary value added services that can be bundled with existing voice and data services to improve ARPU and reduce overall churn. UTStarcom's RollingStream(R) end-to-end IPTV system can be integrated into existing broadband networks to serve as the delivery platform for revenue-generating applications such as IP video surveillance, video conferencing, distance learning, digital signage, interactive voting, hospitality applications and advanced advertising.
UTStarcom's RollingStream IPTV system currently supports more than 956,000 live IPTV subscribers globally and maintains a current total system capacity of more than 2.5 million subscribers as a result of deployments in China with China Netcom and China Telecom, in India with Bharti Airtel, Aksh/MTNL and United Telecoms Limited, in Sri Lanka with SLT, in Japan with Softbank, in Latin America with Brasil Telecom and in Taiwan with Markwell.
UTStarcom's Broadband solutions enable deployment of IP-based, high-speed Internet, voice, data and multimedia services over wireline and optical networks.
About V&D100
V&D100 is the most comprehensive annual survey of the Indian equipment industries and telecom services. It is the most trusted and widely used survey for those seeking authentic information on Indian communications. It is also the most comprehensive, as it covers a wide range of segments and is the only 'single source' of such diverse information.
About UTStarcom, Inc.
UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. The company sells its broadband, wireless, and handset solutions to operators in both emerging and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks. Founded in 1991 and headquartered in Alameda, California, the company has research and development operations in the United States, Canada, China, Korea and India. For more information about UTStarcom, visit the company's Web site at http://www.utstar.com/.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding UTStarcom's future strategy, including statements regarding the anticipated growth of broadband internet users in India. These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. Factors that could cause actual results to differ materially from those contained in our forward-looking statements include: increased competition; economic issues in the identified geographic markets; possible delays in system deployment; termination of new contracts, partnerships or alliances; changes in anticipated number of subscribers and traffic; and changes in government regulation and licensing requirements. Please also refer to UTStarcom's periodic reports that are filed from time to time with the Securities and Exchange commission, including our latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. UTStarcom assumes no obligation to, and does not currently intend to, update these forward-looking statements.
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UTStarcom, Inc.
CONTACT: Darleen DeRosa, Senior Director, Corporate Public Relations of
UTStarcom, Inc., +1-510-769-2830, darleen.derosa@utstar.com; or Puneet
Khunger, R&PM of Edelman, New Delhi, +91.9717022726,
puneet.khunger@edelman.com; or Bhavna Jagtiani, R&PM of Edelman, Mumbai,
+91.9820513970, bhavna.jagtiani@edelman.com
Web site: http://www.utstar.com/
Motorola Deploys Campus-Wide Wireless LAN for Nanjing University of Posts and TelecommunicationsHighly Scalable, Secure WLAN Enables an Enhanced eLearning Experience with Voice, Video and Data Application Support
SAN JOSE, Calif., Aug. 27 /PRNewswire-FirstCall/ -- The Enterprise Mobility business of Motorola, Inc. today announced that it has deployed a campus-wide wireless LAN (WLAN) for Nanjing University of Posts and Telecommunications, one of the top universities in China. The campus-wide WLAN will enable multimedia Internet-based teaching, automatic academic office management, Internet access, long-distance teaching and many other services. Nanjing University of Posts and Telecommunications is one of the few universities in China to provide complete wireless LAN coverage to every building in addition to the campus' outdoor spaces.
"With its high performance and scalability, Motorola's wireless LAN solutions will provide the university with reliable, end-to-end coverage, security and manageability both outdoors and inside academic and administrative buildings, hostels, and canteens," said Jian-Zheng Xu, campus network manager, Nanjing University of Posts and Telecommunications. "Motorola is helping us realize our goal of managing and teaching through the WLAN network to provide convenience to the lecturers and enhance the students' learning experiences."
The Nanjing University of Posts and Telecommunications WLAN features Motorola solutions for indoor and outdoor coverage, enabling an all-wireless enterprise (http://hnevents.techknowmoto.com/?page_id=146). To deliver campus-wide coverage spanning more than 4.5 million square feet and with the potential to support 15,000 users, the WLAN required 600 access points (APs) including Motorola AP300 wireless access ports and mesh-enabled AP-5131 access points. The campus also utilizes Motorola's highly scalable RFS7000 RF switch which features the Wi-NG architecture and the RF Management suite. The mesh connectivity of the AP-5131 complements the existing wired network points and extends the WLAN outdoors blanketing virtually every open space across the university.
Motorola's enterprise WLAN solution centrally manages all the wireless APs and integrates with the telecommunications network. This enables the IT management team to control and monitor the entire wireless network at the campus network center to ensure that the system is able to automatically detect and report any AP errors and, seamlessly, adjust the power of nearby APs to compensate for blind spot areas. The system can provide backup data for two campuses so that the WLAN coverage will not be affected if either the wireless network or wired network is disrupted. Additionally, the Motorola WLAN provides state-of-the art security with support for Wi-Fi protected access (WPA) and WPA2. The inclusion of a wireless intrusion protection system (WIPS) further enhances security by monitoring, detecting, protecting and helping prevent intrusions to the wireless network.
The WLAN at Nanjing University of Posts and Telecommunications will enable wireless Internet access for its lecturers, students, staff and distinguished visitors at any location on the campus. User verification is managed through a central verification platform at the campus network center to ensure security, stability and manageability of the network.
"Motorola's wireless switches and AP distribution technology are ideal for large-scale WLAN deployments in education, healthcare, and the hospitality industry," said Steve Choi, general manager of Greater China, Motorola's Enterprise Mobility Business. "Nanjing University of Posts and Telecommunications is a pioneer in deploying an indoor and outdoor wireless LAN to enhance the learning experience."
Enterprise WLAN is part of Motorola's portfolio of innovative wireless broadband solutions and services that complement and complete internet protocol (IP) networks. Delivering IP coverage to virtually all spaces both indoors and outdoors, the portfolio includes fixed broadband, mesh, broadband over powerline, WiMAX and Enterprise WLAN solutions for private and public networks.
Revenue has been recorded in previous periods.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2008. All rights reserved.
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Motorola, Inc.
CONTACT: Bart Lipinski of Motorola Enterprise Mobility business,
+1-847-576-6931, bart.lipinski@motorola.com
Web site: http://www.motorola.com/
NVIDIA Announces Upcoming Schedule of Events With the Financial Community
SANTA CLARA, Calif., Aug. 27 /PRNewswire-FirstCall/ -- NVIDIA Corporation today announced that it will participate in the following upcoming financial conferences:
Kaufman Brothers - 11th Annual Investor Conference
Wednesday, September 3, 2008 at 7:00 AM Pacific Time (10:00 AM Eastern
Time)
W Hotel - New York, New York
Citi Investment Research - 15th Annual Global Technology Conference
Thursday, September 4, 2008 at 6:15 AM Pacific Time (9:15 AM Eastern Time)
Hilton New York Hotel - New York, New York
Deutsche Bank Securities - 2008 Technology Conference
Tuesday, September 9, 2008 at 8:00 AM Pacific Time (11:00 AM Eastern Time)
The Palace Hotel - San Francisco, California
Interested parties can listen to a live audio webcast of NVIDIA's presentation at these events on the NVIDIA Investor Relations Web site at http://www.nvidia.com/investor. A replay of the webcast will be available for thirty days after each event.
About NVIDIA
NVIDIA is the world leader in visual computing technologies and the inventor of the GPU, a high-performance processor which generates breathtaking, interactive graphics on workstations, personal computers, game consoles, and mobile devices. NVIDIA serves the entertainment and consumer market with its GeForce(R) products, the professional design and visualization market with its Quadro(R) products, and the high-performance computing market with its Tesla(TM) products. NVIDIA is headquartered in Santa Clara, California and has offices throughout Asia, Europe, and the Americas. For more information, visit http://www.nvidia.com/.
Copyright (C) 2008 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, GeForce, Quadro, and Tesla are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated.
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NVIDIA Corporation
CONTACT: Michael Hara, Investor Relations, +1-408-486-2511,
mhara@nvidia.com, or Calisa Cole, Corporate Communications, +1-408-486-6263,
ccole@nvidia.com, both of NVIDIA Corporation
Web site: http://www.nvidia.com/
Centre Medical and Surgical Associates Selects Allscripts Electronic Health Record and Practice Management SolutionLarge Central Pennsylvania Specialty Group Replaces Legacy PM System with Allscripts Joint Solution
CHICAGO and STATE COLLEGE, Pa., Aug. 27 /PRNewswire-FirstCall/ -- Allscripts, the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare, announced today that Centre Medical and Surgical Associates, P.C. (CMSA) has selected the company's Electronic Health Record (EHR) and Practice Management (PM) solution for its 69 providers.
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Centre Medical and Surgical Associates is one of the largest multi-specialty physician groups in Central Pennsylvania, with 53 physicians and 16 mid-level providers in offices located in State College, Boalsburg, Bellefonte, and Huntingdon, Pennsylvania. CMSA is replacing its financial automation system with Allscripts -- and adding the Allscripts Electronic Health Record -- to improve its ability to provide high quality care more cost-effectively.
"CMSA hopes to achieve a new level of efficiency through a paperless record system," said John J. McQueary, CMSA's Chief Operating Office and Administrative Director. "Allscripts will make records immediately available to physicians for medical decision-making, improving patient care and accessibility. Because of the quality of the Allscripts system, we expect a smooth implementation of the solution to recover our cost quickly."
The Allscripts Electronic Health Record enables physicians to instantly access patient information when and where they need it -- in the clinic, at the hospital or while on-call at home. The web-based solution speeds and automates everyday clinical tasks such as prescribing and refilling medications, ordering and viewing tests, and documenting care. More than simply automating manual tasks, the Electronic Health Record helps to transform healthcare with breakthroughs in connectivity including preloaded connections to a range of medical devices, and seamless support for public and private pay-for-performance and quality initiatives, as well as an advanced user experience that lets physicians in any specialty easily configure the system to their own specific needs.
The Allscripts Practice Management solution combines sophisticated scheduling and Revenue Cycle Management tools in a single package and incorporates advanced features such as rule-based appointment scheduling, multi-resource and recurring appointment features, referral and eligibility indicators, and appointment and claims management.
"Our physicians unanimously selected Allscripts after seeing how much more intuitive and functional the electronic health record was compared with others on the market," said Paula A. Wray, Associate Administrator of CMSA. "We determined from the beginning that we wanted an integrated electronic health record and practice management system so we could easily exchange information between the clinical and financial areas. Allscripts not only had the best products geared toward practices our size, but the Allscripts clients we visited lost little productivity during the EHR go-live phase, and acceptance from their physicians was outstanding."
Allscripts Chief Executive Officer Glen Tullman commented, "As a forward-looking practice, Centre Medical and Surgical Associates chose their electronic health record based on physician usability, ROI, the enhanced connectivity our systems offer and an understanding of our vision for the future. CMSA has been making the right decisions to improve care for their patients since 1974, and we're pleased that they've selected Allscripts as their partner in taking them to the next level."
As part of the Electronic Health Record implementation, Allscripts will interface the Electronic Health Record with the Meditech inpatient clinical information systems of Mount Nittany Medical Center, a 203-bed acute care hospital in State College. The connection will benefit both CMSA and the hospital, allowing physicians to access the latest clinical information on patients, no matter where they are being seen.
About Centre Medical and Surgical Associates, P.C.
Centre Medical and Surgical Associates is a private multi-specialty medical practice providing primary and specialty care to central Pennsylvania since 1974. Dr. Jonathan Dranov is the founding member who established an Internal Medicine and Nephrology practice bringing subspecialty medical care to the region for the first time. He also developed the region's first kidney dialysis unit at Mount Nittany Medical Center. Since that time, CMSA has grown in response to community needs, and today includes 4 locations providing 19 medical specialties and a range of diagnostic services such as radiology and medical laboratory. The practice strives to stay at the leading edge in responding to community needs, whether with advanced technology, additional subspecialties, or increased levels of service.
About Allscripts
Allscripts is the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare. The company's unique solutions inform, connect and transform healthcare, delivering improved care at lower cost. More than 40,000 physicians and thousands of other healthcare professionals in clinics, hospitals and extended care facilities nationwide utilize Allscripts to automate everyday tasks such as writing prescriptions, documenting patient care, managing billing and scheduling, and safely discharging patients, as well as to connect with key information and stakeholders in the healthcare system. To learn more, visit Allscripts at http://www.allscripts.com/.
This announcement may contain forward-looking statements about Allscripts Healthcare Solutions that involve risks and uncertainties. These statements are developed by combining currently available information with Allscripts beliefs and assumptions. Forward-looking statements do not guarantee future performance. Because Allscripts cannot predict all of the risks and uncertainties that may affect it, or control the ones it does predict, Allscripts' actual results may be materially different from the results expressed in its forward-looking statements. For a more complete discussion of the risks, uncertainties and assumptions that may affect Allscripts, see the Company's 2007 Annual Report on Form 10-K, available through the Web site maintained by the Securities and Exchange Commission at http://www.sec.gov/.
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Allscripts
CONTACT: Dan Michelson, Chief Marketing Officer, +1-312-506-1217,
dan.michelson@allscripts.com, or Todd Stein, Senior Manager|Public Relations,
+1-312-506-1216, todd.stein@allscripts.com, both of Allscripts; or Paula A.
Wray, Associates Administrator of CMSA, +1-814-689-3131,
paula@centremedsurg.com
Web site: http://www.allscripts.com/
AT&T Positioned in the Leaders Quadrant of Magic Quadrant for Web Conferencing
DALLAS, Aug. 27 /PRNewswire-FirstCall/ -- AT&T Inc. today announced that Gartner, Inc. has positioned AT&T in the Leaders Quadrant of its 2008 "Magic Quadrant for Web Conferencing."
Gartner positioned AT&T Connect(TM) in the Leaders Quadrant in its annual review of Web conferencing and collaboration services for enterprise businesses. AT&T Connect provides an effective foundation for both enterprise-wide collaboration and unified communications initiatives with its integrated telephony, ability to scale for large events, advantages in serving remote and mobile users and flexible licensing that allows unlimited global collaboration with a fast return on investment.
In 2007, AT&T launched AT&T Connect, an integrated voice, Web and video conferencing solution. AT&T is executing its strategy to deliver a series of converged conferencing and collaboration capabilities within a comprehensive, global portfolio of unified communications services.
According to Gartner, "Enterprises should develop their strategy for Web conferencing as a component of their overall collaboration strategy from an infrastructure perspective to maximize integration possibilities with other platforms."(1)
"We are delighted to receive this evaluation, which we believe is recognition as a leader in network-based collaboration," said Frank Zvi, vice president, AT&T Unified Communications. "Our intensified focus on collaboration is ensuring that customers have access to all critical, multimedia communications technologies in conjunction with optimized network, convergence and unified communications services."
By implementing AT&T Connect for live collaboration, enterprises benefit from:
-- Converged public switched telephone network (PSTN) and Voice over Internet Protocol (VoIP) audio (PC). Integrates PSTN and VoIP-based audio to ensure better meeting access for all types of internal and external office, remote and mobile participants.
-- Integration with AT&T's global IP conferencing. Creates a unique combination of premise-based, unlimited Web conferencing and a global, scalable voice conferencing service, delivered as one unified solution.
-- Advanced meeting scalability. Simplifies tools for users and strengthens unified communications rollouts with consistent support for small to very large events for thousands of internal or external attendees in economical and reliable ways.
-- Integrated communications and collaboration. Integrates across enterprise information technology, telephony and application infrastructures. Implements with Microsoft OCS, IBM Sametime, learning management systems, legacy and IP PBX systems and asynchronous collaboration tools.
-- Wider breadth of features. Meets the needs of every business group with Web meetings, teleconferences, video conferences, webcasts and seminars, virtual classrooms, recording and archiving.
-- High performance and reliability. Uses an intelligent, distributed architecture to ensure optimal performance for all users regardless of location and with less demand on network and PBX resources. Provides intelligent voice quality monitoring of user experience and flexible controls for networking and compliance.
-- Meets diverse IT requirements. Deploys fully managed hosted, premise or hybrid solutions. Integrates with SSN and active directory. Offers multilevel authentication.
To view the Gartner "Magic Quadrant for Web Conferencing" report, compliments of AT&T, visit http://www.corp.att.com/awards/analysts/gartner.html.
(1) Gartner "Magic Quadrant for Web Conferencing," by David Mario Smith and Jeffrey Mann, July 2008.
About the Magic Quadrant
The Magic Quadrant is copyrighted 2008 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Michael Lordi, +1-908-234-6071, Mobile, +1-908-329-4854,
mlordi@attnews.us, for AT&T Inc.; or Janet Wyles of AT&T Inc.,
+1-908-234-6067, Mobile, +1-732-331-6754, wyles@att.com
Web site: http://www.att.com/
Dot Hill in Negotiations With Ciprico Inc. to Acquire Certain Intellectual Property Assets
CARLSBAD, Calif., Aug. 27 /PRNewswire-FirstCall/ -- Dot Hill Systems Corp. (the "Company") announced today that it is in negotiations with Ciprico Inc. to purchase Ciprico's RAIDCore(TM) and NAS (Networked Attached Storage) intellectual property assets. Ciprico previously announced that, on July 28, 2008, it filed a voluntary petition pursuant to Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Minnesota (the "Bankruptcy Court").
Under the proposed asset purchase ("Asset Purchase"), the Company would acquire all of Ciprico's rights to the RAIDCore(TM) technology. In addition, the Company would acquire a joint ownership interest with Ciprico in the NAS intellectual property.
The Company is also negotiating to provide Ciprico with a debtor-in-possession ("DIP") loan ("DIP Loan") in an amount not to exceed $225,000. The terms of the DIP Loan would provide Dot Hill with a first priority security interest in all of Ciprico's assets.
The proposed Asset Purchase and DIP Loan remain subject to Bankruptcy Court approval. Ciprico has filed motions seeking authority pursuant to Section 363 of the Bankruptcy Code to approve the proposed Asset Purchase pursuant to certain proposed sale procedures, and separately a motion to approve the DIP Loan from the Company.
About Dot Hill Systems Corp.
Delivering innovative technology and global support, Dot Hill empowers the OEM community to bring unique storage solutions to market, quickly, easily and cost-effectively. Offering high performance and industry-leading uptime, Dot Hill's RAID technology is the foundation for best-in-class storage solutions offering enterprise-class security, availability and data protection. The company's products are in use today by the world's leading service and equipment providers, common carriers, advanced technology and telecommunications companies as well as government agencies. Dot Hill solutions are certified to meet rigorous industry standards and military specifications, as well as RoHS and WEEE international environmental standards. Headquartered in Carlsbad, Calif., Dot Hill has offices and/or representatives in China, Germany, Japan, United Kingdom and the United States. For more information, visit us at http://www.dothill.com/.
Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include statements regarding the proposed Asset Purchase and DIP Loan. The risks that contribute to the uncertain nature of the forward-looking statements include, among other things, the risk that the Bankruptcy Court may not approve the proposed Asset Purchase and DIP Loan, the risk that the negotiations with Ciprico may fail; and the additional risks set forth in the forms 8-K, 10-K and 10-Q most recently filed by Dot Hill. All forward-looking statements contained in this press release speak only as of the date on which they were made. Dot Hill undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
Dot Hill Systems Corp.
CONTACT: Hanif Jamal, Chief Financial Officer of Dot Hill Systems Corp.,
+1-760-931-5500, investors@dothill.com
Web site: http://www.dothill.com/
GSI Group Completes Tender Offer for Excel Technology
BEDFORD, Mass., Aug. 27 /PRNewswire-FirstCall/ -- GSI Group Inc. today announced successful completion of the tender offer by its indirect wholly owned subsidiary Eagle Acquisition Corporation (EAC) for all outstanding shares of common stock of Excel Technology, Inc. .
The depositary for the tender offer has advised GSI and EAC that, as of the expiration of the subsequent offering period at 5:00 p.m., New York time, on August 26, 2008, stockholders of Excel had validly tendered 10,115,199 shares of Excel common stock, representing approximately 92.78% of the outstanding shares of Excel common stock. EAC has accepted for payment all shares validly tendered in the offer.
GSI also announced that, to complete the acquisition of Excel, EAC will effect, without prior notice to, or any action by, any other Excel stockholder, a short-form merger in which EAC will merge with and into Excel, with Excel surviving the merger and continuing as an indirect wholly owned subsidiary of GSI. In the merger, each of the remaining untendered shares of Excel common stock (other than shares as to which appraisal rights are properly demanded under Delaware law, if any) will be converted into the right to receive the same $32.00 in cash per share, without interest, payable in the tender offer. The merger is expected to occur within the next several days and a subsequent press release will be issued at that time. Following the merger, Excel's common stock will cease to be traded on the NASDAQ Stock Market.
About GSI Group Inc.
GSI Group Inc. supplies precision technology to the global medical, electronics, and industrial markets and semiconductor systems. GSI Group Inc.'s common shares are listed on Nasdaq (GSIG).
Contact: Ray Ruddy 781-266-5873
GSI Group Inc.
CONTACT: Ray Ruddy, +1-781-266-5873, for GSI Group Inc.
Web site: http://www.gsig.com/
Company News On-Call: http://www.prnewswire.com/comp/107189.html
RICOH to Acquire IKON Office Solutions, Inc.
TOKYO, Aug. 27 /PRNewswire/ -- Ricoh Company, Ltd. (TSE: 7752, "RICOH") (President & CEO: Shiro Kondo) today announced that it has reached a definitive agreement with IKON Office Solutions, Inc. (NYSE: IKN, "IKON") to acquire IKON (the "Transaction") through RICOH's wholly owned U.S. distribution subsidiary, Ricoh Americas Corporation ("RAC"). The Transaction is supported by both RICOH and IKON and has been approved by the Boards of Directors of the respective organizations.
1. Background
RICOH (headquartered in Tokyo, Japan) is a global leader in imaging solutions that has brought to the market innovations such as digitalization, network solutions, and colorization. In the rapidly growing printing and document solution areas, RICOH's challenge has been to strengthen its channels for assessing customers' potential needs and making appropriate proposals based on a customer-driven approach. In the extremely competitive U.S. market, RICOH is committed to further strengthening its sales and support channels.
As the world's largest independent channel for document management systems and services, IKON (headquartered in Malvern, Pennsylvania) supplies and services a wide range of office equipment, such as MFPs (multi-function printers), fax machines and printers, in the U.S., Canada and the Western European markets. With over 400 sales and service locations, IKON has a long track record with Fortune 500 companies among its customers. RICOH has been a key supplier to IKON, and the relationship between the two companies has a long history. In addition, IKON also provides professional services and document outsourcing services to a wide variety of customers.
"IKON has terrific strength in areas that complement RICOH's growth strategy," said Shiro Kondo, President and CEO of Ricoh Company, Ltd. "IKON has advanced Professional Services capabilities with a long list of satisfied large customers. IKON is respected as well for its production print sales and service expertise. We are excited to add the very experienced IKON management team and the thousands of skilled and dedicated IKON employees to the RICOH family."
IKON Chairman and Chief Executive Officer, Matthew J. Espe, said, "Following an extensive review of our strategic opportunities, our Board conducted a formal process to evaluate alternatives for the Company, and has approved this attractive transaction for our shareholders, customers and employees. The offer represents a 33% premium over IKON's trailing 60-day average stock price as of market close on August 26th. In addition, combining with RICOH, one of the world's most respected and innovative companies, will enable us to strengthen our offerings to customers and create new opportunities for our employees."
Espe concluded, "We remain fully committed to providing the highest quality of support and service to all our customers."
As a result of the Transaction, RICOH will strengthen its business infrastructure in the U.S., Canada and Europe by combining with IKON's strong sales and service network. RICOH also will gain access to IKON's customer base, which includes major account customers and government and public sectors in the U.S. This acquisition is yet another step in RICOH's integrated global growth strategy.
2. Acquisition Price:
Target: IKON Office Solutions, Inc. (See Appendix)
Estimated Acquisition Price: U.S. $1.617 billion (approx. JPY 172.1 billion)(*1) based on an offer of $17.25 per share. This price is a 33% premium over the average daily closing price of the past 60 days until August 26th. After careful analysis and review of IKON's assets, business operations and prospects, RICOH considers that this price is fair and reasonable.
(*1) Exchange rate is $1 = JPY106.42, unless otherwise noted.
Finance: RICOH will finance the Transaction with a mix of its own and external funding.
3. Acquisition Process
The Transaction will be implemented by merging an acquisition subsidiary wholly owned by RAC, Keystone Acquisition, Inc., with and into IKON.(*2) The merger requires the approval of the majority of IKON's outstanding shares at its shareholder meeting and will result in IKON continuing as the surviving company. Through this process, RAC will acquire all of the outstanding shares of IKON from IKON's shareholders ($17.25 in cash per share). The Transaction is subject to approval of North American and European antitrust authorities. The parties intend and expect to expeditiously complete the process during the fourth quarter of calendar 2008.
(*2) This process is referred to as a reverse triangular merger in the U.S.
4. Impact on financial results of RICOH
The specific impact of the Transaction on RICOH's consolidated financial results for the fiscal year ending March 2009 will be disclosed when appropriate.
About RICOH
A global leader in digital office solutions, RICOH (http://www.ricoh.com/) creates new value at the interface of people and information, offering a broad range of digital, networked products, including MFPs, printers, fax machines, semiconductor related products and digital cameras. With 83,400 employees worldwide, and $22 billion in revenue, RICOH is also one of the world's leading environmentalist companies, committed to sustainable business everywhere.
About IKON
IKON Office Solutions, Inc. (http://www.ikon.com/) is the world's largest independent channel for document management systems and services, enabling customers to improve document workflow and increase efficiency. IKON integrates best-in-class copiers, printers and MFP technologies from leading manufacturers and document management software and systems, to deliver tailored, high-value solutions implemented and supported by its global services organization -- IKON Enterprise Services. With fiscal year 2007 revenue of $4.2 billion, IKON has approximately 24,000 employees in over 400 locations throughout North America and Western Europe.
Forward Looking Statements
This announcement, including information included in or incorporated by reference into this announcement, may contain "forward-looking statements" concerning RICOH and IKON. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the companies' abilities to control or estimate precisely, such as future market conditions and the behaviors of other market participants, and therefore undue reliance should not be placed on such statements. Examples of forward-looking statements in this press release include, but are not limited to, statements regarding the proposed acquisition of IKON by RICOH, such as the results of the review of the Transaction by regulatory agencies, and any conditions imposed in connection with consummation of the Transaction; approval of the Transaction by the shareholders of IKON; and satisfaction of various other conditions to the closing of the Transaction. RICOH and IKON assume no obligation to update these forward-looking statements, except as required pursuant to applicable law.
Additional Information and Where to Find It
Investors and security holders are urged to read the proxy statement regarding the business combination transaction referred to in the foregoing information, when it becomes available, because it will contain important information. The proxy statement will be filed with the Securities and Exchange Commission by IKON. Investors and security holders may obtain a free copy of the proxy statement (when it is available) and other documents filed by IKON with the SEC at the SEC's website at http://www.sec.gov/. The proxy statement (when it is available) and these other documents may also be obtained for free from IKON by directing a request to Maryanne Messenger in Shareholder Services at 1-610-296-8000.
Certain Information Concerning Participants
Investors may obtain a detailed list of names, affiliations and interests of the IKON participants in the solicitation of proxies of shareholders to approve the proposed business combination from the proxy statement filed with the SEC (when it is available).
Contact (Japan):
Francis Harrison
Ricoh Company, Ltd.
Mobile: +81 90 6702 7302
Tel: +81 3 (6278) 4550
Francis.harrison@nts.ricoh.co.jp
Contact (US):
Ron Potesky
Ricoh Americas Corporation
Tel: +1 973 882 2106
Ron.potesky@ricoh-usa.com
Contact (Europe):
Javier Diez-Aguirre
Ricoh Europe PLC
Tel: +44 (0) 20 7465 1204
press@ricoh-europe.com
(Appendix)
Overview of IKON
Name of Corporation: IKON Office Solutions, Inc.
Location: Malvern, Pennsylvania USA
Overview of Business: Distribution, support and service of MFPs,
fax, printers and other office equipment,
managed and professional services
Fiscal Year End: End of September
Shareholders' Equity: $1,454MM (As of June 30th, 2008)
Total Shares Outstanding: 93,756,635 Shares (As of July 30th, 2008)
Consolidated Revenue: $4,168MM (Fiscal Year ending in
September 2007)
Consolidated Total Assets: $3,019MM (As of June 30th, 2008)
Management: Chairman and Chief Executive Officer
Matthew J. Espe
Senior Vice President and Chief Financial
Officer Robert F. Woods
Employees: Approximately 24,000 (As of June 30, 2008)
Locations: Over 400 in North America and Western
Europe
Relationship Between Buyer and Target:
Capital Ties: None
Personnel Relationship: None
Business Relationship: RICOH supplies MFPs, printers and fax
to IKON
Historical Earnings (Consolidated):
(Unit: $MM) FYE 9/2005 FYE 9/2006 FYE 9/2007
Revenue 4,377 4,221 4,168
Operating Income 156 194 203
Net Income 61 101 114
Total Assets 3,832 3,231 3,271
Shareholders' Equity 1,570 1,681 1,706
Ricoh Company, Ltd.
CONTACT: Japan, Francis Harrison of Ricoh Company, Ltd., Mobile,
+81-90-6702-7302, +81-3(6278)4550, Francis.harrison@nts.ricoh.co.jp; or US,
Ron Potesky of Ricoh Americas Corporation, +1-973-882-2106,
Ron.potesky@ricoh-usa.com; or Europe, Javier Diez-Aguirre of Ricoh Europe PLC,
+44(0)20-7465-1204, press@ricoh-europe.com
Web site: http://www.ricoh.com/
http://www.ikon.com/
VIASPACE Inc. Discusses New Sales and Distribution Agreement and Business Update in Exclusive Interview on WallSt.net's 3-Minute Press Show
PASADENA, Calif., Aug. 27 /PRNewswire-FirstCall/ -- VIASPACE Inc. (BULLETIN BOARD: VSPC) today provided an overview of the company's progress in the $54 Million Clean Energy industry, including its new agreement to sell and distribute fuel cell test stations, in an exclusive interview on WallSt.net's 3-Minute Press Show.
Interested parties may access the interview through the following link: http://www.tv.wallst.net/r/3-minute-press/Carl-Kukkonen-VSPC/224/935
VIASPACE is continuing its expansive strategy for alternative energy products begun last year. This new agreement with WonATech of Seoul, Korea follows recent announcements of similar agreements with GasHub of Singapore and Scitech of Seoul, Korea. This effort on the part of VIASPACE is to represent a global network of Fuel Cell Test Station manufacturers and to establish cross selling opportunities for its HS-1000 state-of-the-art Humidity Sensor. WonATech, Scitech and GasHub collectively have a wide range of test stations from basic, simplified units to complex multi-channel units, all at very attractive pricing.
VIASPACE feels that the markets in the United States, Europe and Southeast Asia are underserved. As a part of that market, there are several hundred universities around the globe, along with hundreds of companies, actively working on fuel cell development. Most of these small companies and universities have limited budgets and will be interested in fuel cell test stations at affordable prices. The upper end units will also be attractive to major corporations and automobile manufacturers already at work on sophisticated fuel cells for hybrid vehicles and other applications.
About VIASPACE: Originally founded in 1998 with the objective of transforming proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions that solve today's complex problems, VIASPACE benefits from important patent and software licenses from Caltech, which manages NASA's Jet Propulsion Laboratory. For more information, please visit our website at http://www.viaspace.com/, or contact for Investor Relations, Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com.
This news release includes forward-looking statements. These forward-looking statements relate to future events or our future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such factors include the risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-KSB, for the fiscal year ended December 31, 2007, as well as general economic and business conditions, the ability to acquire and develop specific projects and technologies, the ability to fund operations, changes in consumer and business consumption habits, and other factors over which VIASPACE has little or no control.
VIASPACE Inc.
CONTACT: Carl Kukkonen of VIASPACE Inc., +1-626-768-3360
Web site: http://www.viaspace.com/
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