Companies news of 2009-04-01 (page 4)
ng Connect Program to Demonstrate Next Generation Broadband Services at CTIA...
Alcatel-Lucent Enhances its Packet Microwave Transport Offering to Cost-Effectively...
Sierra Wireless enhances Software Management Suite for AirLink(TM) Product...
Rentrak and SeaChange Partnership to Enhance On-Demand TV Advertising- Companies To...
Cellular South Selects Oracle Communications Applications to Accelerate Time to Market and...
Alibris Books Higher Revenues, Diversifies Offerings with OracleOnline Marketplace for New...
Actel Now Shipping the IGLOO PLUS Starter Kit
Slacker Launches Updated Radio Application for Debut of BlackBerry App WorldNew Slacker...
CACI Awarded $32 Million Prime Contract to Provide Defense Security Service with Program...
Nikon Names Jay Advertising and VIC Productions as Agencies of Record for Retail...
Axion Power Reports Year-End Results for 2008
LG Mobile Phones Announces Marketing Alliance With Highly Anticipated Upcoming Summer Film...
CSC Awarded GSA Alliant Contract to Provide Integrated IT Services
Aliante Station in North Las Vegas Selects Software Suite from AgilysysNew Hotel Casino...
Fidelity National Information Services, Inc. to Acquire Metavante Technologies, Inc.
ng Connect Program to Demonstrate Next Generation Broadband Services at CTIA Wireless
Alcatel-Lucent Enhances its Packet Microwave Transport Offering to Cost-Effectively...
Redknee Announces Two Contracts With Digicel Group in Honduras and Panama
OmniVision Expands Presence in Professional CCTV Market With Latest SoC Imaging...
VeriFone and MasterCard Worldwide Host New Merchant Education Seminar on PCI...
Video: Procter & Gamble Gives Back with 'Give Health'P&G, In Conjunction with Three...
La Contenta Golf Club Latest to Tap Digital Out of Home Media Power ProLink GPS,...
Fidelity National Information Services, Inc. to Acquire Metavante Technologies,...
Texas Instruments reaches one million mark in Puma 5 shipments, driving rapid DOCSIS(R)...
WaferGen's Chief Scientific Officer to Deliver Executive Talk at Malaysian Ministry of...
Environmental Tectonics Corporation Announces a 'Sectional' Solution to Sterilization...
Qualcomm's Gobi Embedded 3G Module Enables Notebooks With Location-Based Services From Top...
FLO TV Drives Momentum for Live Mobile TV- Company Expands Live Mobile TV Service for 10...
Polaris Acquisition Corp. Announces Shareholder Approval and Closing of Merger With HUGHES...
Numerex Creates M2M Developer Exchange(TM)Exchange provides powerful complementary tools...
ng Connect Program to Demonstrate Next Generation Broadband Services at CTIA WirelessAtlantic Records, Kyocera Communications Inc, LearningMate and MediaTile to Join the Multi-Industry Initiative for 4G, LTE and Other Ultra-High Bandwidth Networks
CTIA WIRELESS, LAS VEGAS, April 1 /PRNewswire-FirstCall/ -- Following its successful launch in February 2009, the ng Connect Program founded by Alcatel-Lucent is experiencing strong growth as industry interest in next generation networks and services continues to grow at a rapid pace. The ng Connect Program today announced four new members including leading companies from the music, telecommunication and education sectors bringing the total number of companies in the program to eighteen in the two months since its inception.
The ng Connect Program is a multi-industry initiative dedicated to establishing a rich and diverse ecosystem of infrastructure, devices, content and applications for both mobile and fixed broadband networks including 4G, Long Term Evolution (LTE), GPON and other ultra high bandwidth technologies.
The new members include:
Atlantic Records - Atlantic Records, which celebrated its 60th Anniversary in 2008, currently ranks as the #1 label in the music industry according to Nielsen Soundscan. Atlantic has released a string of recordings that have had a profound impact on the course of modern music, its rich history including such musical icons as Ray Charles, Aretha Franklin, John Coltrane, and Led Zeppelin.
Kyocera Communications Inc. (KCI) - the newly formed sales, marketing and service organization for Kyocera and Sanyo-branded wireless devices in the Americas. The company's devices are driving the convergence of telecommunications, broadband and multimedia.
LearningMate - a leading provider of end-to-end e-Learning education solutions. LearningMate develops engaging, instructionally sound, interactive learning experiences on a variety of technology platforms and devices. The company has a significant presence in the United States, United Kingdom and India, and serves a global clientele comprised of education publishers, online schools, universities, government agencies, non-profits and education consortia.
MediaTile - a worldwide supplier of award-winning, all-in-one cellular digital signage and kiosk solutions that are remarkably easy-to-deploy and operate. Just add power to MediaTile Digital Sign in a Box(TM) or Kiosk in a Box(TM) systems and use the web-based Mediacast Portal to manage and monitor your advertising, informational or interactive communications network. Backed by MediaTile best practices, Return On Message(TM) (ROM) Methodology, a 99.9% uptime guarantee, end-to-end service and support, and a creative media team, your network will be up and running in record time, with record results.
"We are really pleased with the tremendous industry interest in the ng Connect Program generated in just a few short months since our launch," said Derek Kuhn, vice president of Emerging Technology and Media, Alcatel-Lucent. "The ng Connect program is making great progress signing up new members who are actively working together to build an open ecosystem that we know can bring whole new classes of services to market; services that can leverage the growing capabilities of service-aware IP networks, IMS and more."
New Proof of Concept Demonstrations
The ng Connect Program will demonstrate end-to-end next generation broadband applications at the CTIA Wireless 2009 trade show and exhibition in the Alcatel-Lucent Booth (#6714). Demos will include a new dynamic digital signage demonstration and an e-Learning experience showing a two-way audio visual exchange between student and teacher. Other demonstrations are a next generation music and social networking service recently updated to include Atlantic Records' Rich Application Suite, Fanbase, a multi-player mobile gaming experience, and a real-time next generation healthcare application that allows patients to be monitored remotely using a combination of mobile handsets and televisions as well as a next generation augmented reality viral advertising application in a multi-screen environment.
Fanbase - Atlantic Records launched Fanbase as an extension of the artist.com online destination. The platform includes official and unofficial audio, video, chat, news, photos, tours info, and more. "The content within Fanbase is aggregated and streamed from the Internet. LTE and the NG Connect program allow us to learn from the next generation wireless technologies to ensure the best fan experience possible, whenever and wherever they are," said Paul Sinclair, SVP of Digital Media at Atlantic Records. The Fanbase platform includes a social networking widget, desktop application, connected CD with bonus album content, and mobile application.
Dynamic Digital Signage - ng Connect Program members Alcatel-Lucent, SIGNEXX and dimedis collaborated on a new dynamic digital signage demonstration which highlights their ability to provide real time content updates to digital signs via LTE.
e-Learning - Members Words & Numbers, Alcatel-Lucent and LearningMate have created a new Proof of Concept showing a two way audio and visual teaching experience demonstrating the potential for wireless broadband technology to support fast, 'anytime, anywhere' learning experiences. The demonstration integrates the Alcatel-Lucent Omnitouch My Teamwork Conference and Collaboration Tool, LearningMate's QuAD assessment portal and LMS Interoperability Framework (LIF) as well as learning content from Words & Numbers.
The ng Connect Program, by helping bring new applications and services to market more quickly, will facilitate an expansion of the revenue base for service providers and provide new opportunities for others in the value chain. To accomplish this, the ng Connect Program is developing a variety of pre-integrated solutions featuring the latest innovations in network, device and software technologies.
About LTE
LTE is a new wireless broadband technology that delivers significantly faster data speeds with the potential of 100 Mbps downstream and 30 Mbps upstream with reduced latency, allowing end users to consume more complex content at faster speeds, complementing the broadband capabilities of fixed networking technologies such as GPON.
About The ng Connect Program
The ng Connect Program is an industry organization committed to the development and rapid deployment of the next generation of broadband services based on Long Term Evolution (LTE) and other ultra high bandwidth technologies. Founded in 2009, the ng Connect Program is supported by leading network, consumer electronics, application and content providers including 4DK, Alcatel-Lucent, Atlantic Records, Buzznet, chumby, Connect2Media, dimedis, FISHLABS, HP, Kyocera Communications Inc., LearningMate, MediaTile, QNX, Samsung, SIGNEXX, Total Immersion, TuneWiki and Words & Numbers. For more information on the ng Connect Program, please visit: http://www.ngconnect.org/.
About Alcatel-Lucent
Alcatel-Lucent (Euronext Paris and NYSE: ALU) is the trusted partner of service providers, enterprises and governments worldwide, providing solutions to deliver voice, data and video communication services to end-users. A leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent leverages the unrivalled technical and scientific expertise of Bell Labs, one of the largest innovation powerhouses in the communications industry. With operations in more than 130 countries and the most experienced global services organization in the industry, Alcatel-Lucent is a local partner with a global reach. Alcatel-Lucent achieved revenues of Euro 16.98 billion in 2008 and is incorporated in France, with executive offices located in Paris.
For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com/
Alcatel-Lucent
CONTACT: Alcatel-Lucent Press Contacts: Regine Coqueran, Tel: +33(0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com; Sarah Miller, Tel: +1-613-720-9716, sarah.miller@alcatel-lucent.com; Alcatel-Lucent Investor Relations: Remi Thomas, Tel: + 33(0)1-40-76-50-61, remi.thomas@alcatel-lucent.com; Tom Bevilacqua, Tel: + 1908-582-7998, bevilacqua@alcatel-lucent.com; Tony Lucido, Tel: +33(0)1-40-76-49-80, alucido@alcatel-lucent.com; Don Sweeney, Tel: +1-908-582-6153, dsweeney@alcatel-lucent.com; ng Connect Press Contacts: Pamela Preston, Tel: +1-212-616-6001, ppreston@breakawaycom.com; Alicia Mickelsen, Tel: +1-212-616-6002, amick@breakawaycom.com
Alcatel-Lucent Enhances its Packet Microwave Transport Offering to Cost-Effectively Support Wireless Broadband Services
CTIA Wireless - LAS VEGAS, April 1 /PRNewswire-FirstCall/ -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced the enhancement of its packet microwave radio portfolio with new capabilities to fully leverage fixed and mobile operators' existing investments in microwave backhaul networks. This enhancement will offer them the added capacity that will be needed to evolve - profitably -- to next generation wireless broadband (including LTE).
LTE is a new wireless broadband technology that offers data speeds comparable to the fastest fixed broadband technologies, and offers significantly reduced latency to ensure a high-quality end-user experience for real-time, multimedia services. The anticipated increase in consumer and business use of wireless broadband services with the introduction of LTE networks also is expected to drive the need for expanded backhaul capabilities to deal with the challenge of transporting the resulting data traffic.
To meet this need, Alcatel-Lucent - under a global agreement -- will integrate multi-gigabit millimeter wave radios from BridgeWave, the leader in gigabit wireless solutions, into its 9500 Microwave Packet Radio (MPR) transmission solutions. This advancement will expand the frequency range covered by the 9500 MPR with the high-frequency 60-90 GHz spectrum to provide customers up to 2.6 Gbps of capacity, sufficient to support the anticipated transport requirements for 2G, 3G and 4G networks.
"Offering the most cost-effective mobile transport network that maximizes the relationship between cost and capacity is critical to delivering greater profitability for mobile network operators, and a better service experience for end-users," said Philippe Dumont, head of wireless transmission activities for Alcatel-Lucent. "After an exhaustive evaluation of all millimeter wave solutions on the market, we selected BridgeWave's gigabit wireless technology due to its superior combination of performance and capacity, as well as its attractive feature set that makes it a perfect complement to our industry-leading microwave transport portfolio."
"We are proud to collaborate with Alcatel-Lucent, a company with a clear strategic vision for an open LTE ecosystem," said Amir Makleff, President and CEO at BridgeWave Communications. "Our expertise and leadership in the 80GHz spectrum combined with Alcatel-Lucent's broad product offering and support organization provides customers with an attractive combination of technology and solutions."
With these enhancements, Alcatel-Lucent is further enhancing its Mobile Evolution Transport Architecture (META), the industry's most comprehensive vision for the evolution of mobile networks from TDM to all-IP.
Alcatel-Lucent has historically been a leader in the North American market and has demonstrated this again in 2008 with 34.8 percent market share and the lead position in Q4 2008 (Source: Sky Light Research).
About Alcatel-Lucent
Alcatel-Lucent (Euronext Paris and NYSE: ALU) is the trusted partner of service providers, enterprises and governments worldwide, providing solutions to deliver voice, data and video communication services to end-users. A leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent leverages the unrivalled technical and scientific expertise of Bell Labs, one of the largest innovation powerhouses in the communications industry. With operations in more than 130 countries and the most experienced global services organization in the industry, Alcatel-Lucent is a local partner with a global reach. Alcatel-Lucent achieved revenues of Euro 16.98 billion in 2008 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com/
Alcatel-Lucent
CONTACT: Alcatel-Lucent Press Contacts: Regine Coqueran, Tel: +33(0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com; Sarah Miller, Tel: +1-613-720-9716, sarah.miller@alcatel-lucent.com. Alcatel-Lucent Investor Relations: Remi Thomas, Tel: +33(0)1-40-76-50-61, remi.thomas@alcatel-lucent.com; Tom Bevilacqua, Tel: +1-908-582-7998, bevilacqua@alcatel-lucent.com; Tony Lucido, Tel: +33(0)1-40-76-49-80, alucido@alcatel-lucent.com; Don Sweeney, Tel: +1-908-582-6153, dsweeney@alcatel-lucent.com.
Sierra Wireless enhances Software Management Suite for AirLink(TM) Product LineRe-architected ACEware(TM) management software simplifies installation, configuration and management of AirLink intelligent gateways and routers
LAS VEGAS, April 1 /PRNewswire-FirstCall/ -- Sierra Wireless today announced that the ACEware(TM) suite of management tools has been comprehensively re-architected to provide an improved experience for customers deploying AirLink(TM) gateways and routers. The new browser-based tools feature an enhanced user interface and exciting new functionality available without installing any software.
As always, ACEware is tightly integrated with ALEOS(TM) embedded intelligence, which powers the AirLink product line. Together, these products create the AirLink Control Environment. From installation and activation through the life of a deployment, the AirLink Control Environment provides a holistic experience for customers to manage machine-to-machine (M2M) solutions using AirLink gateways and routers. Through a real-time, comprehensive, remote view of the extended enterprise, ACEware enables customers to reduce the environmental impacts associated with site visits, while drastically reducing operational expenses, ultimately facilitating a meaningful, near term return on investment.
ACEware products are essential to the various stakeholders who use, support and manage remote deployments of fixed or mobile M2M solutions enabled by AirLink gateways and routers. ACEware provides a simple user interface to access, configure, control and support the comprehensive feature set provided within ALEOS, including management of over-the-air firmware updates, events reporting, security, location information, I/O status, and various network settings. With easy-to-use and common browser-based user interfaces, ACEware reduces the enterprise learning curve and dramatically simplifies IT resource management for any AirLink solution.
"We're exceptionally excited about the enhanced ACEware suite and know customers are going to appreciate the combination of simplicity and comprehensive functionality provided," said Justin Schmid, vice president of the Mobile and M2M Group for Sierra Wireless. "By combining over a decade of field-tested device-level intelligence and remote management with new web-fronted applications, we have greatly enhanced the user experience and further increased the value of our Mobile and M2M product offerings."
Out-of-the-box Remote Management
The enhanced ACEware suite includes ACEmanager(TM) 4.0, the comprehensive remote management and configuration tool built into ALEOS and inherent in every AirLink gateway and router. ACEmanager 4.0 provides a "zero software install," out-of-the-box experience enabling deep device-level management. With ACEmanager 4.0, customers with access can configure, control and manage ALEOS-powered AirLink devices from anywhere. Using templates, customers can seamlessly copy device configuration from one device to another to effectively manage an entire deployment. By maintaining their version of ALEOS with over-the-air updates, customers can ensure they continue to benefit from new features and enhancements released for ACEmanager.
Enterprise Level Management
Leveraging previous versions of ACEnet(TM) with many years of experience in the M2M space, ACEnet 4.0 is a powerful new browser-based remote management platform that enables IT professionals to simultaneously manage their entire deployment from one easy-to-use application. ACEnet 4.0 is an exceptionally efficient, scalable solution for one-to-many device management, essential for any customer planning a large deployment where operational efficiencies are important. To further simplify the customer experience, ACEnet 4.0 incorporates the same look and feel as the other browser-based products in the new ACEware suite, enabling a seamless transition when customers are ready to upgrade.
For a demonstration of the new ACEware suite of remote management tools and the recently announced Helix router, please visit the Sierra Wireless booth (# 6538) at CTIA Wireless 2009, held in at the Las Vegas Convention Center from April 1 to 3.
The enhanced ACEware remote management tools will be available later in 2009. Additional details regarding ACEware tools and their availability will be provided closer to commercial launch.
For more information about the Sierra Wireless line of ACEware management software and ALEOS please visit http://www.sierrawireless.com/software/M2M_solutions.aspx. To contact the Sierra Wireless Mobile & M2M Sales Desk, call +1 (510) 624-4200 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 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/.
"AirLink", "ALEOS", and "ACEware" are trademarks 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
Rentrak and SeaChange Partnership to Enhance On-Demand TV Advertising- Companies To Provide Seamless Process For Dynamic Video-On-Demand Ad Insertion, Verification And Reporting -
PORTLAND, Ore. and ACTON, Mass., April 1 /PRNewswire-FirstCall/ -- Rentrak Corporation the leader in on-demand measurement together with SeaChange International, Inc. , the leading provider of video-on-demand, digital advertising and IPTV software, systems and services, today announced a partnership agreement to enable seamless video-on-demand (VOD) ad insertion and advanced measurement and reporting at the ad and campaign level. The partners will integrate solutions to dramatically improve the ability of MSOs, networks and advertisers to monetize VOD advertising on a regional and national basis.
The partnership will leverage SeaChange's AdPulse(TM) On Demand software, which manages real time dynamic content insertion into on-demand streams and the reporting and verification of advertising as measured by Rentrak through the company's OnDemand Ad Essentials(TM) service. OnDemand Ad Essentials will measure view time, trick mode usage and reach and frequency for ads delivered through AdPulse.
A result of direct integration work between the two companies, this level of interoperability creates a straightforward process for dynamic VOD ad insertion, verification and reporting, bridging the gaps between VOD operations and ad operations. Rentrak and SeaChange are providing a turnkey solution for MSOs, networks and advertisers to leverage ad-supported VOD programming in order to increase revenue. Rentrak's OnDemand Ad Essentials can be immediately deployed in parallel with SeaChange's AdPulse system providing accurate and timely reporting from an independent third party per standardization guidelines for VOD advertising set forth by the American Association of Advertising Agencies (AAAA).
"Innovative partnerships of this kind will offer advertisers and agencies improved advertising target ability. We look forward to working to integrate Ad-ID, the only advertising asset coding system supported and authorized by the 4A's and the Association of National Advertisers (ANA) across all media, into solutions that emerge from this partnership," said Harold S. Geller Managing Director , Ad-ID LLC, and senior vice president Cross-Industry Workflow, 4A's.
"As the industry leader in dynamic ad insertion in VOD, we are constantly seeking to empower the overall ecosystem with data and reports collected by our gear," said Alan Hoff, vice president of product marketing, SeaChange. "Our partnership with Rentrak will allow our customers to deploy the most accurate independent third party ad delivery verification."
"Rentrak continues to play an increasingly important role in targeted and advanced advertising measurement," said Sandra Kilbridge, vice president of operations, Advanced Media and Information (AMI) division at Rentrak. "As the library of VOD content available continues to increase, the unique combination of SeaChange's AdPulse system with Rentrak's measurement model makes dynamic ad insertion a scalable reality."
Both Rentrak and SeaChange will have booths at the 2009 NCTA Cable Show in Washington, D.C., and are available to discuss this exciting collaboration. Please visit Rentrak booth #3009 and SeaChange booth #825 for more information.
About Rentrak Corporation
Rentrak Corporation, based in Portland, Oregon, is an information management company serving clients in the media, entertainment, retail, and advertising industries. The company's Entertainment Essentials(TM) suite of services is redefining media measurement in the digital broadband era. Entertainment Essentials provides customers with near-real time, actionable insight into performance of content distributed over a wide variety of modern media technologies. Available by license or subscription, each Entertainment Essentials application allows executives to analyze detailed industry-wide and title-specific data to make decisions that enhance the bottom line and provide competitive advantage. For further information, please visit Rentrak's corporate Web site at Rentrak.com.
About SeaChange
SeaChange International is a leading provider of software applications, services and integrated solutions for video-on-demand (VOD), digital advertising, and content acquisition monetization and management. Its powerful open VOD and advertising software and scalable hardware enable cable and telco operators, as well as broadcasters, to provide new on-demand services and to gain greater efficiencies in advertising and content delivery. With its Emmy Award-winning and patented technology, thousands of SeaChange deployments are helping broadband, broadcast and satellite television companies to streamline operations, expand services and increase revenues. Headquartered in Acton, Massachusetts, SeaChange has product development, support and sales offices around the world. Visit http://www.schange.com/.
Contact for Rentrak: Contact for SeaChange:
Sallie Olmsted/ Amanda Bartz Jim Sheehan
(310) 854-8124/ (310) 854-8151 (978) 889-3064
solmsted@rogersandcowan.com / Jim.Sheehan@schange.com
abartz@rogersandcowan.com
Rentrak Corporation
CONTACT: Sallie Olmsted, +1-310-854-8124, solmsted@rogersandcowan.com, or Amanda Bartz, +1-310-854-8151, abartz@rogersandcowan.com, both for Rentrak Corporation; or Jim Sheehan of SeaChange International, Inc., +1-978-889-3064, Jim.Sheehan@schange.com
Web Site: http://www.rentrak.com/ http://www.schange.com/
Cellular South Selects Oracle Communications Applications to Accelerate Time to Market and Improve Customer SatisfactionWireless Provider Deploying Pre-Integrated OSS/BSS Applications to Help Reduce Costs and Risk
LAS VEGAS, April 1 /PRNewswire-FirstCall/ -- INTERNATIONAL CTIA WIRELESS --
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
News Facts
-- Cellular South, the nation's largest privately owned wireless
provider, selected Oracle's integrated applications to support its
order-to-cash business process - from service creation and deployment
through revenue recognition.
-- The Mississippi-based wireless communications provider will implement
Oracle Communications Service Fulfillment Suite, Oracle Communications
Billing and Revenue Management and Oracle Application Integration
Architecture for Communications to help accelerate time to market for
new products and services, enable accurate and timely revenue
recognition and improve customer satisfaction with flexible billing
options and high-quality customer service.
-- Cellular South selected Oracle based on the company's proven success
in implementing business and operations support systems (B/OSS) for
leading communications service providers worldwide. Further, Cellular
South already uses Oracle Financials successfully and was looking for
the opportunity to reduce costs by deploying integrated applications
from the same vendor.
-- In particular, Cellular South will take advantage of three
industry-specific process integration packs available through Oracle
Application Integration Architecture for Communications. The
integration packs provide pre-built integrations between Oracle's CRM,
billing and revenue management, and financials applications, enabling
quick deployment of three key processes - order to bill,
agent-assisted billing care and revenue accounting.
Supporting Quotes
-- "Oracle's integrated applications will allow us to more rapidly adapt
to ongoing changes in consumer demand for unique and innovative
wireless products," said Greg Latour, senior vice president of
strategic development for Cellular South. "In addition, we expect our
use of Oracle's common data model and pre-built integrations to
increase efficiency, lower costs and mitigate risk throughout the
order-to-cash process."
-- "Now, more than ever, communications service providers are focused on
optimizing their IT systems to lower costs and risk, while
accelerating new service deployment and subsequent revenue growth.
Oracle's integrated applications will help Cellular South meet these
goals," said Liam Maxwell, vice president of products, Oracle
Communications.
Supporting Resources
Oracle Communications Billing and Revenue Management
Oracle's Siebel CRM
Oracle Communications Service Fulfillment Suite
Oracle Application Integration Architecture for Communications
Oracle Financials
Cellular South
About Oracle Communications
Oracle is #1 in Communications globally with 20 of the world's top 20 communications companies running Oracle applications. Oracle Communications integrates industry-specific BSS and OSS solutions with a standards-based service delivery portfolio, as well as the capabilities of Oracle's industry-leading enterprise applications, business intelligence tools, and carrier-grade middleware and database technologies. Oracle Communications enables service providers to deliver next generation convergent services rapidly, increase customer satisfaction and loyalty, and reduce costs in the business and the network. For more information, visit http://www.oracle.com/industries/communications.
About Oracle
Oracle is the world's largest business software company. For more information about Oracle, visit our Web site at http://www.oracle.com/.
About Cellular South
Cellular South is the nation's largest privately-owned diversified mobile communications company passionately committed to helping customers get the most out of their wireless devices and services. The company accomplishes this goal by providing the most reliable and advanced 3G nationwide wireless voice and data network, offering industry-leading family and unlimited flat rate voice, text and mobile web plans and through its online and in-store Discover Centers, which give customers easy, simple and convenient tools, tips, advice and information to help them get the most out of their mobile phone. For more information, visit http://www.cellularsouth.com/.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
Photo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Oracle; Cellular South
CONTACT: Caroline Yu of Oracle, +1-650-506-8920, caroline.yu@oracle.com; or Dave Miller of Cellular South, +1-601-974-7725, dnmiller@cellularsouth.com
Web Site: http://www.oracle.com/
Alibris Books Higher Revenues, Diversifies Offerings with OracleOnline Marketplace for New and Used Books, Music, Movies and Collectibles Expands Partnerships, Establishes International Presence and Accelerates Marketing with Modern Infrastructure
REDWOOD SHORES, Calif., April 1 /PRNewswire-FirstCall/ --
News Facts
-- Alibris, the Internet's premier independent marketplace for sellers of
new and used books, music, and movies, replaced an outdated Web site
with one that uses Oracle(R) WebLogic Portal, a component of Oracle
WebCenter Suite, which includes Enterprise 2.0 services, to help grow
and diversify its lines of business.
-- Taking advantage of Oracle's easy-to-use development environment, an
eight-person team migrated the Alibris.com site in seven months. The
company was also able to launch its first international site, Alibris
U.K., as well as a number of new sections, including Collectibles and
Alibris for Libraries, on its North American site quickly and without
additional resources.
-- The implementation has helped Alibris open a new line of business
hosting marketplace sites for retail partners. For example, Alibris
worked with Borders to create Borders Marketplace, a section of the
Borders.com site that gives customers access to the entire Alibris
inventory of more than 100 million used and out-of-print titles.
-- In addition, by automating previously manual processes, Alibris was
also able to redeploy editorial resources to alternate activities,
increasing marketing campaign capacity and enabling more than 60
percent growth in sales from retention channels such as email
marketing.
Supporting Quotes
-- "Oracle WebLogic Portal has delivered a significant return on
investment in a very short timeframe. We've seen revenue increases
across the board since the deployment, and the platform's flexibility
allows us to continue to roll out new sites, sections and features
quickly and easily," said Liz Derr, Chief Operating Officer, Alibris.
-- "One of the greatest advantages of using Oracle WebLogic Portal is
that it was easy to integrate with our existing IT infrastructure. As
a result, we didn't have to change our business processes or back end
technology to see value from the implementation," said Liz Derr.
Supporting Resources
-- Oracle WebCenter Suite
-- Oracle WebLogic Portal
-- Independent Analyst Reports on Oracle Software
-- Download Oracle Software - Terms, conditions and restrictions apply.
About Alibris
Alibris is the premier online marketplace for sellers of new and used books, music items, and movies, as well as rare and out-of-print titles. We connect people who love books, music, and movies to the best independent sellers from 45 countries around the world. Our proprietary technology and advanced logistics allow us to offer more than 100 million used, new, and out-of-print titles to consumers, libraries, and retailers, which include Amazon.com, Barnes & Noble, Blackwell UK, Books-A-Million, Borders, Chapters Indigo, and Half.com. Founded in 1998 and acquired by Oak Hill Capital Partners in 2006, Alibris was named a "Fast 50" and a "Technology Fast 500" growth business by Deloitte. Alibris is a registered trademark.
About Oracle
Oracle is the world's largest business software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
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Oracle
CONTACT: Greg Lunsford of Oracle, +1-650-506-6523, greg.lunsford@oracle.com; or Simon Jones of Blanc and Otus, +1-415-856-5155, sjones@blancandotus.com, for Oracle
Web Site: http://www.oracle.com/
Actel Now Shipping the IGLOO PLUS Starter Kit
MOUNTAIN VIEW, Calif., April 1 /PRNewswire-FirstCall/ -- Actel Corporation today announced the availability of the low-cost IGLOO PLUS Starter Kit. The new kit features the IGLOO(R) PLUS family of low-power field programmable gate arrays (FPGAs), which offer the industry's best power-, logic- and feature-per-I/O ratios in a programmable device.
(Photo: http://www.newscom.com/cgi-bin/prnh/20090401/SF92229)
"Offering designers low-power consumption and I/O optimization, the IGLOO PLUS family is designed for portable electronics in consumer, industrial, communications, medical and test applications," said Wendy Lockhart, senior manager, design solutions marketing and training. "Designs that employ I/O-intensive memory bus manipulation, general-purpose I/O expansion, interface translation, and human interface touch screen and key pad technology can all be implemented in this new kit."
The IGLOO PLUS Starter Kit enables designers to quickly evaluate Actel's IGLOO PLUS family and prototype their designs. Ranging from 30,000 to 125,000 gates, the 1.2V to 1.5V IGLOO PLUS devices have been optimized to meet the needs of power-conscious applications that require enhanced I/O features. The fully RoHS-compliant kit features a modular board with the IGLOO PLUS AGLP125 device, Libero(R) Integrated Design Environment (IDE) DVD, a programming stick, user's guide, tutorial and design examples.
To ensure a complete system-level power management solution for the IGLOO PLUS starter kit, Actel collaborated with National Semiconductor Corp. to incorporate National's high-performance products. The kit's evaluation board includes three buck regulators from National's energy-efficient PowerWise(R) product line. The LM3671 and LM2854 each feature peak efficiency above 96 percent to minimize power consumption, while the LM3678 features a typical switching frequency of 3.3 MHz. Also included is the LM27313 boost converter with 90 percent peak efficiency and a 30V internal FET switch. All of the products are optimized for the small form factor and efficiency requirements of the kit. For more information on National's products, visit http://www.national.com/.
For more information on the IGLOO PLUS Starter Kit visit: http://www.actel.com/products/hardware/devkits_boards/iglooplus_starter.aspx.
Pricing and Availability
The IGLOO PLUS Starter Kit AGLP-EVAL-KIT is available today for US $199 at http://www.actel.com/ and through Actel's worldwide sales team.
About Actel
Actel is the leader in low-power FPGAs and mixed-signal FPGAs, offering the most comprehensive portfolio of system and power management solutions. Power Matters. Learn more at http://www.actel.com/.
The Actel name and logo, IGLOO and Libero are registered trademarks of Actel Corporation. All other trademarks and service marks are the property of their respective owners.
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Actel Corporation
CONTACT: Ivanya Terrazas of Actel, +1-650-318-7570, ivanya.terrazas@actel.com
Web Site: http://www.national.com/ http://www.actel.com/
Slacker Launches Updated Radio Application for Debut of BlackBerry App WorldNew Slacker Radio App for BlackBerry Smartphones Now Offers Song Lyrics and Bluetooth Support
LAS VEGAS, April 1 /PRNewswire/ -- Slacker, Inc. today announced the availability of a new version of the Slacker Radio application for the BlackBerry(R) Bold(TM), BlackBerry(R) Curve(TM) series, BlackBerry(R) Pearl(TM) series, BlackBerry(R) Pearl(TM) Flip and BlackBerry(R) Storm(TM) smartphones from Research In Motion (RIM) (Nasdaq: RIMM; TSX: RIM). The free application is available on BlackBerry App World(TM) (http://www.blackberry.com/appworld) announced today.
The updated Slacker app gives users* new features, including viewing song lyrics, creating custom stations based on specific songs and Bluetooth(R) support. The Bluetooth capabilities let music lovers listen to their favorite Slacker radio stations with stereo headsets, car kits and other Bluetooth peripherals.
Slacker is the only Personal Radio service that enables listeners to store their favorite stations on their phone's memory card so they can listen whether they are connected to a wireless network or not. Cached stations also boost battery life and improve performance.
The Slacker Radio App delivers the same award-winning features as the online service. BlackBerry owners can listen to over 100 expert-programmed Slacker stations and create their own custom stations with all of their favorite artists and songs. Listeners can also read detailed artist biographies, album reviews and now lyrics for songs, providing a powerful resource for music discovery.
"We received phenomenal feedback from our initial BlackBerry smartphone app," said Jonathan Sasse, senior vice president of marketing at Slacker. "We listened to our customers in creating enhancements that make finding and listening to their favorite music even better than before. We're excited to have our latest version launch with the debut of BlackBerry App World."
The Slacker Mobile app works with the free Slacker Basic Radio service and Slacker Radio subscription services.
Slacker Mobile for BlackBerry smartphones offers:
-- Station caching - play music even without a network connection
-- Free music library featuring millions of songs from thousands of
artists
-- High-quality stereo playback from all streaming wireless connections
(including Wi-Fi(R)) and cached stations
-- Over 100 professionally programmed genre stations
-- Create custom stations by searching for artists or now also by song
title
-- View song lyrics
-- Bluetooth support
-- Multi-tasking - listen to music while doing email
-- View artist biographies and photos
-- View album art and reviews
-- "Peek Ahead" artist and album preview
-- Pause and skip songs
-- Rate songs as favorites
-- Ban songs and artists you don't like
Pricing and Availability
The Slacker Personal Radio Mobile application for BlackBerry smartphones is available immediately as a free download on BlackBerry App World or by visiting Slacker.com from your BlackBerry(R) Browser. Viewing complete song lyrics is available only to Slacker Radio Plus subscribers. Free Slacker Basic radio listeners will be able to preview song lyrics.
About Slacker, Inc.
Slacker is the world's first Personal Radio company offering "Your Radio Everywhere." Slacker allows music lovers to play highly personalized music online at the Slacker web site or on the go with Slacker Personal Radio players and mobile phones. Visit http://www.slacker.com/ for more information.
*The Slacker Personal Radio Mobile application is currently available for U.S. customers only. Slacker Mobile is available for BlackBerry smartphones running operating system 4.3 or higher.
Slacker and Slacker.com are registered trademarks of Slacker, Inc. The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited. All other trademarks and product names are the property of their respective companies.
Media Contact:
Anders Steele
FortyThree, Inc.
831.239.0960
slacker@fortythreepr.com
Slacker, Inc.
CONTACT: Anders Steele of FortyThree, Inc., +1-831-239-0960, slacker@fortythreepr.com, for Slacker, Inc.
Web Site: http://www.slacker.com/
CACI Awarded $32 Million Prime Contract to Provide Defense Security Service with Program Management and Support ServicesContinuing Work Expands Company's Role in Supporting National Security Mission of Under Secretary of Defense for Intelligence
ARLINGTON, Va., April 1 /PRNewswire-FirstCall/ -- CACI International Inc announced today that it has been awarded a $32 million prime contract to continue the company's support for the Department of Defense's (DoD) Defense Security Services' (DSS) professional management, technical, and administrative services. The contract is for one base year and three option years and was made through the GSA MOBIS contract vehicle. The award, which includes significant growth, increases CACI's involvement in providing program management services in the rapidly expanding industrial security arena.
The Under Secretary of Defense for Intelligence provides authority, direction and control over DSS. The agency is responsible for protecting national security assets and information in the hands of industry as part of the National Industrial Security Program (NISP) and providing integrated security services to the DoD. DSS manages personnel security investigations and supervises industrial security for approximately 12,000 cleared contractor facilities, and performs security education and awareness training for security program professionals.
CACI will draw upon its core competency of program management and systems engineering and technical assistance (PM SETA) support services to provide the bulk of cleared, administrative support to DSS, as well as a range of services that include financial management, contracts management, and facilities management of the agency's training program. The company will provide this ongoing assistance at 18 DSS offices located throughout the United States.
According to Bill Fairl, CACI's President of U.S. Operations, "CACI is pleased that this award enables us to continue assisting the Defense Security Service with its valuable work for our nation. The contract strategically positions the company for new opportunities to support the Office of the Under Secretary of Defense for Intelligence mission with highly experienced CACI people."
CACI President and CEO Paul Cofoni said, "It is vitally important to protect every segment of the defense industry's infrastructure in today's challenging times. We're proud that this work with the Defense Security Service continues and grows our direct program management involvement with the Department of Defense."
CACI International Inc provides the professional services and IT solutions needed to prevail in today's defense, intelligence, homeland security, and federal civilian government arenas. We deliver enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR integration services; cyber security, information assurance, and information operations; integrated security and intelligence solutions; and program management and SETA support services. CACI services and solutions help our federal clients provide for national security, improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. We add value to our clients' operations, increase their skills and capabilities, and enhance their missions. CACI is a member of the Fortune 1000 Largest Companies and the Russell 2000 index. CACI provides dynamic careers for approximately 12,500 employees working in over 120 offices in the U.S. and Europe. CACI is the IT provider for a networked world. Visit CACI on the web at http://www.caci.com/ and http://www.asymmetricthreat.net/.
There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: regional and national economic conditions in the United States and the United Kingdom, including conditions that result from terrorist activities or war; changes in interest rates; currency fluctuations; failure to achieve contract awards in connection with recompetes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. government or other public sector projects, based on a change in spending patterns, or in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq; government contract procurement (such as bid protest, small business set asides, etc.) and termination risks; the results of government investigations into allegations of improper actions related to the provision of services in support of U.S. military operations in Iraq; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); material changes in laws or regulations applicable to our businesses, particularly in connection with (i) government contracts for services, (ii) outsourcing of activities that have been performed by the government, (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or schedule contracts with the General Services Administration; and (iv) accounting for convertible debt instruments; our own ability to achieve the objectives of near term or long range business plans; and other risks described in the company's Securities and Exchange Commission filings.
Corporate Communications and Media:
Jody Brown, Executive Vice President, Public Relations
(703) 841-7801, jbrown@caci.com
Investor Relations:
David Dragics, Senior Vice President, Investor Relations
(866) 606-3471, ddragics@caci.com
CACI International Inc
CONTACT: Corporate Communications and Media: Jody Brown, Executive Vice President, Public Relations, +1-703-841-7801, jbrown@caci.com, or Investor Relations: David Dragics, Senior Vice President, Investor Relations, +1-866-606-3471, ddragics@caci.com, both of CACI International Inc
Web Site: http://www.caci.com/
Nikon Names Jay Advertising and VIC Productions as Agencies of Record for Retail Communications Program
MELVILLE, N.Y., April 1 /PRNewswire/ -- Today, Nikon Inc. announced Jay Advertising, Inc. (http://www.jayadvertising.com/), a division of McCann Worldgroup in The Interpublic Group of Companies, and VIC Productions, formerly Visual Impact Communications (http://www.vicomm.net/), as agencies of record for Nikon's retail communications program for co-op advertising. Together, the agencies will serve Nikon's Retail Dealer Network with creative development and fulfillment, which will help retailers leverage Nikon's brand and product momentum, as well as the success of Nikon's national advertising campaign.
VIC Productions has a successful history of creating retail advertising with Nikon and its dealers. Jay Advertising brings more than 35 years of retail-specific experience and clients, including General Motors, HBO and AAA. Building upon Nikon's brand momentum, these new relationships will help take Nikon's retail advertising efforts to a new level of success and provide Nikon's retailers with the strongest materials to support their sales and marketing initiatives.
"In today's current conditions, retailers need to be flexible and nimble to react quickly to shifting markets," said Jay Vannatter, director of Sales, Nikon Inc. "Our new partners have proven records of success in retail advertising, and a demonstrated depth of knowledge and understanding of consumer trends and buying habits that will be essential in building a successful strategic retail advertising campaign for Nikon. With our new agency partners, our goal is to help our retail partners achieve their sales goals, by driving customers to stores, which is more important now than ever before."
"We are extremely pleased to be awarded this account and to have the opportunity to bring our extensive retail advertising and consumer experience to support the retail efforts of Nikon, a prestigious global brand," said Gregory W. Smith, president of Jay Advertising, Inc. "We look forward to working with Nikon to develop increased sales and awareness for Nikon Retail Dealers across the country."
"We're excited that Nikon awarded us this tremendous account and the opportunity to further the growth of Nikon, which we've witnessed and been a part of over the last several years," said William D. Gwin, president of The VIC Company. "In working with Nikon retailers throughout the U.S., we look forward to helping retailers drive sales and further enhance the Nikon brand."
Nikon's COOLPIX cameras marry design and function to create high performing, stylish, easy-to-use cameras. By integrating sophisticated automatic features, Nikon's COOLPIX cameras offer consumers advanced features, stylish design and affordable price, which helps make digital photography more accessible to consumers and enables anyone to take stunning pictures.
Nikon's digital SLR cameras continue to revolutionize photography for professional photographers and photojournalists. With a range of consumer digital SLR cameras, Nikon also offers enthusiasts and virtually anyone looking to take spectacular pictures the speed, quality and durability of its award-winning digital SLR camera technology.
In addition to bringing world-class cameras to the U.S. market, Nikon also distributes a broad line of consumer and professional accessories that add to the photographic experience. These include NIKKOR brand optics; Speedlights and system accessories; COOLSCAN(R) digital film scanners; Nikon software products and Nikon sports and recreational optics.
Nikon's imaging business and its commitment to providing professional photographers and consumers with world-class products remains central to the company's efforts.
About Nikon
Nikon, At the Heart of the Image(TM). Nikon Inc. is the world leader in digital imaging, precision optics and photo imaging technology and is globally recognized for setting new standards in product design and performance for its award-winning consumer and professional photographic equipment. Nikon Inc. distributes consumer and professional digital SLR cameras, NIKKOR optics, Speedlights and system accessories; Nikon COOLPIX(R) compact digital cameras; COOLSCAN(R) digital film scanners; 35mm film SLR cameras; Nikon software products and Nikon sports and recreational optics. For the second consecutive year, Nikon D Series digital SLR cameras are recognized as "Highest in Customer Satisfaction with digital SLR cameras, Two Years in a Row, Tied in 2008." according to the J.D. Power and Associates 2007 and 2008 Digital Camera Usage and Satisfaction StudiesSM. In 2008, the Nikon Corporation, the parent company of Nikon Inc., celebrated its 75th anniversary of NIKKOR optics and announced the production of over 45 million NIKKOR SLR interchangeable lenses. For more information, dial (800) NIKON-UX or visit http://www.nikonusa.com/, which links all levels of photographers to the Web's most comprehensive photo learning and sharing communities.
About Jay Advertising
Jay Advertising, Inc. (http://www.jayadvertising.com/) was founded in 1973 by Ferdinand Jay Smith and his brother Gregory. The agency is noted for its national and regional retail advertising and sales promotion expertise. Jay is a wholly-owned subsidiary of the Interpublic Group of Companies (IPG).
Jay's current clients include: General Motors, which includes GMC Truck, Buick Motor Division, Chevrolet Retail and Pontiac Retail, Raymour & Flanigan, HBO, First Niagara Bank, HealthNow and AAA.
About VIC Production
Originally known as Visual Impact Communications, Gwin founded VIC in 1989 as a production company designed to assist photo-specialty dealers with their marketing efforts throughout the US. VIC Production, as they're presently known, is noted for their ability to execute complex free standing insert (FSI) print jobs and National ROP campaigns involving multiple dealer versioning. In addition to VIC Production, The VIC Company has other divisions consisting of VIC Media, VIC Marketing, and VIC Interactive to further assist their clients in all of their marketing needs. The VIC Company is privately owned by Gwin.
Some of The VIC Company clients include Toshiba, Corr Wireless, LG Electronics and Brother International.
Nikon Inc.
CONTACT: Kevin Pchola, kpchola@mww.com, or Joey-lyn Addesa, jaddesa@mww.com, both of MWW Group, +1-201-507-9500; or Jean Dalmath, for Jay Advertising, +1-585-586-6650; or Ron Wilhelm, for VIC Productions, +1-251-476-7400, rwilhelm@vicomm.net
Web Site: http://press.nikonusa.com/ http://www.nikonusa.com/
Axion Power Reports Year-End Results for 2008
NEW CASTLE, Pa., April 1 /PRNewswire-FirstCall/ -- Axion Power International Inc (BULLETIN BOARD: AXPW) today announced financial results for 2008. The developer of battery technologies and advanced energy storage devices reported revenues of $679,559 for the year vs $533,911 in 2007, primarily resulting from the sale of legacy lead-acid batteries for antique and collector cars, and for race cars. Toward the end of the year, the Company began to make and ship advanced lead-acid batteries on a private-label contract for a large lead-acid battery company pursuant to a purchase contract that was announced November 5, 2008. Shipments on that contract in the final weeks of 2008 were a de minimis amount. Axion Power reported a 2008 loss of $10.6 million or $0.46 loss per share, compared to a loss of $14.3 million or $0.88 loss per share for 2007. Common shares outstanding increased from 16.2 million in 2007 to 22.8 million in 2008, primarily due to The Quercus Trust $18 million investment in Axion Power shares and warrants.
CEO Tom Granville commented, "2008 was a landmark year for Axion Power in numerous ways. We began the year with a commitment from The Quercus Trust to provide us with an investment that would fund us through prototype manufacture and early commercialization.
"Our product development continued during the year, as we began to explore how our new PbC(R) batteries could be used in electric or hybrid electric vehicles, for the storage of off-grid electricity from renewables, for grid buffering at utility sites, and for military vehicles in battlefield and other isolated areas. We featured our Power Cube, a portable storage system that can be used for power quality load leveling, grid storage, peak shaving, or as a solution to a combination of these issues. We also secured advantageous terms on an additional neighboring facility in New Castle that will house our PbC carbon electrode manufacturing."
Granville added that during 2008 a heavy load of legacy litigation was adjudicated in the Company's favor, and the restatement of several years of SEC filings was completed.
"We continued to manufacture our classic-car and race car batteries," Granville said, "and in the Fall we were able to secure a purchase commitment from a major lead-acid battery manufacturer to build certain types of standard lead-acid batteries on our flooded manufacturing lines for their label. There was very little revenue recorded from that contract in 2008 due to the contract being signed so late in the year, and at a time when GDP was contracting fast. While there is no assurance that the current economic downturn will not have a continuing effect on the flooded lead-acid battery market, early 2009 saw Axion manufacture an additional 15,000 batteries as partial fulfillment of that order. That product has been shipping and what remains will ship in the next few weeks. This exercise in flooded battery production has helped to point the way toward better utilization of our facilities as we continue to explore ways to reduce our factory overhead while bringing our PbC batteries toward full commercialization."
Granville pointed out that the PbC Technology(TM) is really the core of Axion Power's strategy and its business plan. "We have spent the better part of $20 million in developing our PbC battery and PbC Technology, and in working to not only develop high quality control but to also develop the most efficient methods of manufacturing so that adaptability to standard lead-acid manufacturing lines can easily be accomplished. Our first automated production line has experienced some delays due to tweaks and adjustments, but we are now accepting product, manufactured on that line, at our New Castle facility. Currently we are assembling electrodes from components fabricated on our automated line in California in conjunction with parts fabricated in New Castle. It is never easy to be the first to develop a new manufacturing technique but we are quickly eliminating the final system "bugs" and will have the complete assembly in New Castle in the very near future.
"We believe that energy storage utilizing our PbC batteries and technology will prove to be the least expensive, easiest to manufacture, and most environmentally friendly battery design for the applications we have targeted. Those markets include electric vehicles and hybrids, as well as on- and off-grid energy storage, remote power sourcing and military applications that relate directly to the safety and mobility of troops and reconnaissance personnel. The military is one of the largest consumers of batteries in the government and they are interested in the unique characteristics of our PbC batteries including their light weight, longer cycle life, deeper depth of discharge and fast re-charge capability when compared with products they currently use. PbC batteries are also likely to be considerably less expensive to own and operate than the proposed exotic battery chemistries that are based on relatively rare raw materials."
Although Axion Power does not provide guidance as to its anticipated results, the Company expects to continue toward commercialization in 2009 as the Company slowly moves out of the development phase.
At December 31, 2008, Axion Power had cash, cash equivalents and short-term investments amounting to $5.3 million, and had been awarded government and trade association research grants aggregating $2.4 million. The grants were not drawn against in 2008, nor have they been to date in 2009, so they remain intact as sources of capital. The Company had current assets of $6.9 million and current liabilities of $1.5 million, and no long-term debt.
Conference Call / Webcast
Today at 10:00am EDT (7:00am PDT), a conference call will be held to review the AXPW results; interested parties should call 888-713-4215 (domestic) or 617-213-4867 (international), with passcode 95987815 to access the call. You may also access this call via the Internet at:
http://phx.corporate-ir.net/playerlink.zhtml?c=155732&s=wm&e=2146752
For those who are unavailable to listen to the live broadcast, a replay will be available through May 1, 2009 and can be accessed by dialing 888-286-8010 (domestic), and 617-801-6888 (international). The passcode is 82957872.
About Axion Power International, Inc.
Axion has developed and patented a next generation energy storage device that won the prestigious Frost & Sullivan Technology Award for North America in the field of lead-acid batteries. According to Frost & Sullivan, Axion's new PbC(R) batteries have "the potential to revitalize the lead-acid battery industry by breathing new life into an established technology that is not well suited to the requirements of important new applications like hybrid electric vehicles and renewable power."
Axion Power International Inc. is the industry leader in the field of lead-acid-carbon energy storage technologies. Axion believes this new battery technology is the only class of advanced battery that can be assembled on existing lead-acid battery production lines throughout the world without significant changes to production equipment and fabrication processes. It also believes it will be able to manufacture carbon electrode assemblies in volume at low cost using standard automated production methods that are commonly used in other industries. If and when its electrode manufacturing methods are fully developed, Axion believes it will be able to sell carbon electrode assemblies as virtual plug-and-play replacements for lead-based negative electrodes used by all other lead-acid battery manufacturers. Axion's goal is to become the leading supplier of carbon electrode assemblies for the lead-acid battery industry. For more information, visit http://www.axionpower.com/.
Contacts
Axion Power International
Kelly Gubish
kgubish@axionpower.com
(724) 654 9300
Allen & Caron Inc
Rudy Barrio (Investors)
r.barrio@allencaron.com
(212) 691-8087
Brian Kennedy (Media)
brian@allencaron.com
(212) 691-8087
-FINANCIAL TABLES FOLLOW-
AXION POWER INTERNATIONAL, INC
CONSOLIDATED STATEMENTS OF OPERATIONS
(A Development Stage Company)
Years Ended
December 31,
2008 2007
Revenues $679,559 $533,911
Costs of goods sold 368,922 283,357
Gross profit 310.637 250.554
Expenses
Selling, general & administrative 4,846,189 3,720,632
Research & development 3,960,909 2,155,873
Impairment of assets - -
Interest expense - related party 1,137,436 276,651
Derivative revaluation (2,844) (72,236)
Mega C Trust Share Augmentation
(Return) - -
Interest & other income, net (57,224) (47,708)
Net loss before income taxes (9,573,829) (5,782,658)
Income Taxes Expense (Benefit) (79,170) 83,469
Deficit accumulated during
development stage (9,494,659) (5,886,127)
Less preferred stock dividends and
beneficial conversion feature (1,117,699) (8,417,955)
Net loss applicable to common
shareholders $(10,612,358) $(14,284,082)
Basic and diluted net loss per share $(0.46) $(0.88)
Weighted average common shares
outstanding 22,826,187 16,247,299
AXION POWER INTERNATIONAL, INC
CONSOLIDATED BALANCE SHEETS
(A Development Stage Company)
December 31, 2008 December 31, 2007
ASSETS
Current Assets:
Cash and cash equivalents $3,124,168 $671,244
Short-term investments 2,193,920 -
Accounts receivable 128,035 133,646
Other receivables 64,456 341,801
Inventory 1,269,515 375,635
Prepaid expenses 78,989 82,102
Total current assets 6,859,083 1,604,428
Property & equipment, net 3,274,183 2,119,252
Other receivables, non-current 28,388 -
TOTAL ASSETS $10,161,654 $3,723,680
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable $1,324,287 $1,573,436
Other current liabilities 162,580 583,591
Notes payable to related parties - 2,259,826
Liability to issue equity instrument - 106,183
Total current liabilities 1,486,867 4,523,036
Deferred revenue 751,096 840,945
Total liabilities 2,237,963 5,363,981
Stockholders' Equity:
Convertible preferred stock-12,500,000
shares authorized
. Senior preferred - 1,000,000 shares
designated 1,656,735 1,515,376
. 137,500 issued and outstanding
(137,500 in 2007)
. Series A preferred - 2,000,000 shares
designated 9,440,359 9,802,894
. 718,997 shares issued and outstanding
(822,997 in 2007)
Common stock-100,000,000 shares
authorized $0.0001 par value
26417437 issued & outstanding
(16498298 in 2007) 2,641 1,625
Additional paid in capital 46,184,287 25,768,331
Deficit accumulated during
development stage (49,111,062) (38,498,704)
Cumulative foreign currency
translation adjustment (249,269) (229,823)
Total Stockholders' Equity 7,923,691 (1,640,301)
TOTAL LIABILITIES & STOCKHOLDERS'
EQUITY $10,161,654 $3,723,680
Axion Power International, Inc.
CONTACT: Kelly Gubish of Axion Power International, +1-724-654 9300, kgubish@axionpower.com; or Investors, Rudy Barrio, r.barrio@allencaron.com, or Media, Brian Kennedy, brian@allencaron.com, both of Allen & Caron Inc, +1-212-691-8087, for Axion Power International
Web Site: http://www.axionpower.com/
LG Mobile Phones Announces Marketing Alliance With Highly Anticipated Upcoming Summer Film 'Transformers(TM): Revenge of the Fallen'"Transformers: Revenge of the Fallen" Director Michael Bay To Make Special Appearance at LG Mobile Phones Booth During CTIA, The Wireless Association Trade Show
LAS VEGAS, April 1 /PRNewswire/ -- LG Electronics MobileComm U.S.A, Inc. (LG Mobile Phones) kicks off CTIA in Las Vegas with a roar as it announces an exclusive mobile phone marketing alliance with the highly anticipated upcoming summer film "Transformers: Revenge of the Fallen," produced by DreamWorks Pictures and Paramount Pictures. Paramount will release the film on June 24, 2009. In anticipation of the release, LG Mobile Phones will launch a multi-faceted marketing campaign to promote the LG Mobile Phones brand and the overall theme of technology in the film. "Transformers: Revenge of the Fallen" director and executive producer, Michael Bay, will make a special appearance in the LG booth at CTIA, the largest wireless industry trade show.
Visitors at the LG Mobile Phones booth (#4100, Central Hall) will have the opportunity to meet renowned film director Michael Bay on Thursday, April 2, at 2:00PM (PDT) as he greets fans and signs posters from the new movie. LG Mobile Phones will also unveil design renderings of a LG limited edition "Transformers" Versa phone, which will be made available only through consumer promotions as part of their overall movie tie-in campaign.
"We are thrilled to join with 'Transformers: Revenge of the Fallen' in our ongoing effort to reach avid movie-goers who share our passion for cutting-edge technology," said Ehtisham Rabbani, vice president of product strategy and marketing for LG Mobile Phones. "We're grateful to have film director Michael Bay visit our booth this year at CTIA, and look forward to working with him and the studio team to ramp up excitement for the most anticipated action film of the summer."
Prior to the film's June 24 release, LG Mobile Phones will reveal advertising, retail, online and other consumer electronics initiatives utilizing the film as a key theme for the marketing campaign. The LG limited edition "Transformers" Versa phone, along with the company's premium line of handsets, offers the latest in mobile technology, allowing people to change their mobile life using one device. Many of these LG Mobile Phone products were used during the making of the film.
"LG Mobile Phones and 'Transformers' are a perfect match. Both are known as leaders in its category providing consumers with groundbreaking innovation; together, we look forward to reaching millions of new consumers with our creative, targeted marketing," commented LeeAnne Stables, Executive Vice President of Worldwide Marketing Partnerships at Paramount Pictures. "We are thrilled to be working with the LG Mobile Phones team on what is sure to be a breakthrough campaign themed to this next installment of Michael Bay's incredible big-screen, action-packed film, for which Transformers fans around the world have been waiting."
"Transformers: Revenge of the Fallen" - The sequel to 2007's blockbuster hit
In the highly anticipated "Transformers: Revenge of the Fallen," debuting June 24, 2009, Sam Witwicky (Shia LaBeouf) again joins with the Autobots(R) against their sworn enemies, the Decepticons(R). Michael Bay directs from a screenplay written by Ehren Kruger & Roberto Orci & Alex Kurtzman.
DreamWorks Pictures and Paramount Pictures Present In Association with Hasbro A di Bonaventura Pictures Production A Tom DeSanto/Don Murphy Production A Michael Bay Film "Transformers: Revenge of the Fallen" starring Shia LaBeouf, Megan Fox, Josh Duhamel, Tyrese Gibson and John Turturro. The film is directed by Michael Bay. Written by Ehren Kruger & Roberto Orci & Alex Kurtzman. Based on Hasbro's Transformers(TM) Action Figures. Produced by Don Murphy and Tom DeSanto, Lorenzo di Bonaventura and Ian Bryce. Executive producers are Steven Spielberg, Michael Bay, Brian Goldner and Mark Vahradian. This film has not yet been rated.
About LG Electronics, Inc.
LG Electronics, Inc. is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing more than 84,000 people working in 115 operations including 84 subsidiaries around the world. With 2008 global sales of USD44.7 billion, LG is comprised of five business units -- Home Entertainment, Mobile Communications, Home Appliance, Air Conditioning and Business Solutions. LG is the world's leading producer of flat panel TVs, audio and video products, mobile handsets, air conditioners and washing machines. LG has signed a long-term agreement to become both a Global Partner and a Technology Partner of Formula One(TM). As part of this top-level association, LG acquires exclusive designations and marketing rights as the official consumer electronics, mobile phone and data processor of this global sporting event. For more information, please visit http://www.lge.com/.
About LG Electronics Mobile Communications Company
LG Electronics Mobile Communications Company is a leading global mobile communication and information company. LG creates handsets that provide an optimized mobile experience to customers around the world with its cutting-edge technology and innovative handset design capabilities. Increasingly, LG is pursuing convergence technology and mobile computing products. LG will continue to take leadership in the mobile communication environment with stylish designs and smart technology. For more information, please visit http://www.lgmobilephones.com/.
About Paramount Pictures
Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment, is a unit of Viacom , a leading content company with prominent and respected film, television and digital entertainment brands. The company's labels include Paramount Pictures, Paramount Vantage, Paramount Classics, MTV Films and Nickelodeon Movies. PPC operations also include Paramount Digital Entertainment, Paramount Famous Productions, Paramount Home Entertainment, Paramount Pictures International, Paramount Licensing Inc., Paramount Studio Group, and Worldwide Television Distribution.
About Hasbro, Inc.
Hasbro, Inc. is a worldwide leader in children's and family leisure time products and services with a rich portfolio of brands and entertainment properties that provides some of the highest quality and most recognizable play and recreational experiences in the world. As a brand-driven, consumer-focused global company, Hasbro brings to market a range of toys, games and licensed products, from traditional to high-tech and digital, under such powerful brand names as TRANSFORMERS, PLAYSKOOL, TONKA, MILTON BRADLEY, PARKER BROTHERS, CRANIUM and WIZARDS OF THE COAST. Come see how we inspire play through our brands at http://www.hasbro.com/. (C) 2009 Hasbro, Inc. All Rights Reserved.
LG InfoComm U.S.A., Inc.
CONTACT: Demetra Kavadeles of LG MobileComm U.S.A., Inc. , +1-707-328-5307, dkavadeles@lge.com; or AJ Sarcione of Ogilvy Public Relations Worldwide, +1-310-248-6115, aj.sarcione@ogilvypr.com, for LG InfoComm U.S.A., Inc.
Web Site: http://www.lginfocomm.com/
CSC Awarded GSA Alliant Contract to Provide Integrated IT Services
FALLS CHURCH, Va., April 1 /PRNewswire/ -- CSC announced today that it is one of multiple contractors awarded an Alliant government-wide acquisition contract by the U.S. General Services Administration. The indefinite-delivery/indefinite-quantity contract covers a broad range of services in support of regional and global information technology (IT) requirements for civil and Department of Defense agencies. The contract has a five-year base period and a five-year option with an estimated total maximum ceiling value for all firms of $50 billion.
The scope of the Alliant contract encompasses any and all components of an integrated IT solution, including current as well as new technologies that may emerge during the life cycle of the contract. Under the terms of the agreement, CSC will compete for task orders to provide flexible solutions to support the federal government's needs associated with daily operations, protection of infrastructure, the fight against terrorism and the development and marketing of emerging technologies. CSC will provide a broad range of IT solutions for infrastructure and related services, applications and IT management services. Specific requirements will be identified and defined at the task order level.
"As one of the top-performing contractors on Alliant's predecessor vehicles, GSA's ANSWER and Millenia, CSC has provided nearly every government agency with world-class IT and support services," said Thomas P. Anderson, president of CSC's North American Public Sector Civil and Government Health Services Group. "Under Alliant, we plan to carry that legacy forward, offering agencies the benefits of our extensive domain knowledge, subject matter expertise and advanced technical and scientific capabilities, all to help our government customers achieve their mission critical requirements.
About CSC
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, Global Outsourcing Services and the North American Public Sector. CSC's advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 92,000 employees and reported revenue of $17.1 billion for the 12 months ended Jan. 2, 2009. For more information, visit the company's Web site at http://www.csc.com/.
CSC
CONTACT: Caroline Longanecker, Senior Manager, Communications, North American Public Sector, +1-703-205-6130, clonganecker@csc.com, Rich Venn, Manager, Media Relations Corporate, +1-310-615-3926, rvenn@csc.com, Bryan Brady, Vice President, Investor Relations, Corporate, +1-703-641-3000, investorrelations@csc.com, all of CSC
Web Site: http://www.csc.com/
Aliante Station in North Las Vegas Selects Software Suite from AgilysysNew Hotel Casino Implements Property Management, Point-of-Sale, Guest Marketing Solutions
CLEVELAND, April 1 /PRNewswire-FirstCall/ -- Agilysys, Inc. , a leading provider of innovative information technology and hospitality software solutions, announced today that Aliante Station in North Las Vegas, Station Casinos' newest hotel casino, has selected the Lodging Management System(R) property management solution, InfoGenesis POS(TM) and the Guest eMarketing solution, all by Agilysys, to streamline operations at the 202-room property, which opened in November.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO )
"Agilysys has been a trusted partner of Station Casinos for many years, so we turned to them when looking for technology solutions for our new property," said Vice President of Hotel Operations for Station Casinos, Michael Grisar. "The Agilysys systems for point-of-sale and property management are proven, scalable and easy to integrate with other hotel and casino applications we are using. We are confident these solutions will help us deliver the high level of guest service that is expected from a Station Casinos property, while maximizing productivity and profitability."
Aliante Station is using the following solutions from Agilysys:
-- Lodging Management System(R) (LMS), a comprehensive property
management solution that automates every aspect of a hotel's
operations -- from reservations and credit card processing to
accounting and housekeeping. Its foundation expands to incorporate
modules for activities scheduling, attraction ticketing, itinerary
planning, spa management and more, making it one of the hospitality
industry's most powerful and versatile property management systems.
Aliante Station is using the LMS accounts receivable module to
increase revenue collection and operational efficiency; the LMS
CASH(R) module to provide instant online credit card approval combined
with express check-in; and the LMS ResNet module to enable online
shoppers to check room rates and availability and book reservations
directly into the LMS property management system.
-- InfoGenesis POS(TM), an enterprise-ready point-of-sale solution that
combines powerful reporting and configuration capabilities with an
easy-to-use touch-screen terminal application. The system's
centralized database pulls together food and beverage functions,
enabling total management of dining, bar and room service operations.
Features include real-time reporting capabilities; advanced sorting,
filtering and grouping options; and encryption tools that ensure the
security of guest data.
-- Guest eMarketing (GeM), a feature-rich guest correspondence and
marketing management solution that enables properties to create
cost-effective and highly personalized e-mail campaigns. With GeM,
hotels can send guests promotional offers, reminders, newsletters and
surveys and obtain data that leads to improved performance.
"We have enjoyed a long relationship with Station Casinos and are pleased the company selected us to provide technology solutions for its newest property," said Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions Group. "Our industry-leading property management and POS systems will increase efficiency and streamline operations. Aliante Station is also making a strong commitment to guest service with its investment in the Guest eMarketing solution, which will enable the property to capitalize on revenue opportunities, build customer loyalty and gain valuable guest feedback."
Aliante Station, located in North Las Vegas, features 202 guest rooms and suites; six restaurants and a food court; 14,000 square feet of meeting and convention space; a 16-screen movie theater; Access, a 600-seat entertainment venue; and an array of gaming choices. Aliante Station is a joint venture between Station Casinos, the leading provider of gaming and entertainment to the residents of southern Nevada, and the Greenspun Corporation.
About Agilysys, Inc.
Agilysys is a leading provider of innovative IT solutions to corporate and public-sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology -- including hardware, software and services -- to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Cleveland, Agilysys operates extensively throughout North America, with additional sales and support offices in the United Kingdom and China. For more information, visit http://www.agilysys.com/.
PR Contact:
Maureen Morreale, Agilysys, Inc.
440-519-8161
maureen.morreale@agilysys.com
Photo: http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO http://photoarchive.ap.org/ photodesk@prnewswire.com
Agilysys, Inc.
CONTACT: Maureen Morreale of Agilysys, Inc., +1-440-519-8161, maureen.morreale@agilysys.com
Web Site: http://www.agilysys.com/
Fidelity National Information Services, Inc. to Acquire Metavante Technologies, Inc.
JACKSONVILLE, Florida and MILWAUKEE, April 1 /PRNewswire/ --
- Combination to create the world's largest provider of comprehensive
integrated payment and financial core processing services
- Companies anticipate US$260 million in cost synergies and increased
long-term organic revenue growth
Fidelity National Information Services, Inc. (NYSE: FIS) and Metavante
Technologies, Inc. (NYSE: MV) today announced that the boards of directors of
both companies have approved a definitive agreement under which FIS will
acquire Metavante. Under the terms of the agreement, Metavante shareholders
will receive a fixed exchange ratio of 1.35 shares of FIS common stock for
each share of Metavante common stock they own. The pro forma enterprise value
of the combined company is approximately US$10 billion.
The combination creates an industry leader with enhanced growth
prospects. FIS is a leading provider of core and transaction processing
services, card issuer solutions and outsourcing services to more than 14,000
financial institutions worldwide. Metavante is a leading provider of banking
and payments technologies to approximately 8,000 financial services firms and
businesses. Together, the combined company will provide one of the most
comprehensive ranges of integrated products and services, across more markets
and more geographies worldwide than any other provider in the industry.
The pro forma financial implications are compelling. FIS and Metavante
serve complementary customer bases and have highly diversified and recurring
revenue streams. In 2008, the companies generated pro forma combined revenue
of US$5.2 billion, adjusted EBITDA of US$1.3 billion and free cash flow of
more than US$500 million. As a result of the combination, FIS anticipates it
will achieve cost synergies of approximately US$260 million. The increased
global scale and expected cost savings are expected to generate significant
margin expansion. The transaction is expected to be accretive to adjusted
earnings per share in 2010.
"The combined scale, complementary product capabilities and market
breadth of these two great companies will drive significant competitive
advantages in the increasingly dynamic marketplace," stated William P. Foley,
II, chairman of FIS. "This transaction will further strengthen FIS's
competitive position as a leading global provider of technology solutions and
enable us to generate increased value for shareholders and customers," added
Lee A. Kennedy, FIS president and chief executive officer.
"By bringing these two companies together, we expect to accelerate
revenue growth, drive higher profitability, and create greater financial
flexibility for growth investments and acquisitions," said Frank R. Martire,
Metavante's current chairman and chief executive officer. "In addition, the
size, scope and geographic reach of the combined company will offer even
greater opportunities to our employees, world-wide."
The leadership team will be comprised of executives from both companies
with broad industry experience and strong management depth. Mr. Foley will
serve as chairman of the board of FIS. Mr. Kennedy will serve as executive
vice chairman of the board with responsibility for integrating the two
companies, and Mr. Martire will be named president and chief executive
officer of FIS. Reporting to Mr. Martire will be Gary A. Norcross as chief
operating officer (current COO of FIS) and Michael D. Hayford as chief
financial officer (current president and COO of Metavante). George P. Scanlon
(current chief financial officer of FIS) will serve as executive vice
president of finance. Following the completion of the transaction, the board
of directors will consist of six FIS board members and three Metavante
directors. FIS's headquarters will remain in Jacksonville, Florida.
Additional Transaction Details
The transaction will be structured as a tax-free reorganization whereby
Metavante will be merged with and into a newly formed subsidiary of FIS.
Based on the 1.35 fixed exchange ratio, FIS would issue approximately 162
million basic shares to Metavante shareholders. In addition, a simultaneous
equity investment by affiliates of Thomas H. Lee Partners, L.P. and Fidelity
National Financial, Inc. in FIS common stock will result in approximately 16
million additional newly issued shares. At closing, the combined company
would have approximately 374 million fully diluted shares outstanding. The
requisite Metavante lenders have agreed to waive their change of control
provisions and permit the merger to proceed. After giving effect to the
transaction, the combined company is projected to have approximately US$3.8
billion of debt outstanding at closing, including US$1.45 billion of debt to
be incurred and assumed in connection with the acquisition and will have
improved financial leverage and credit statistics.
Approvals and Anticipated Closing
The transaction is subject to approval by FIS and Metavante shareholders,
receipt of regulatory approvals and the satisfaction of customary closing
conditions. Metavante said that its largest shareholder, an entity affiliated
with Warburg Pincus that currently owns 25% of the outstanding common stock
of Metavante, has entered into a Support Agreement with FIS pursuant to which
it has agreed, subject to the terms and conditions of the Support Agreement,
to vote in favor of the transaction. Upon completion of the deal, Warburg
Pincus will be the largest single shareholder of the new company with
approximately 11% ownership and will have board representation. FIS and
Metavante expect to complete the transaction in the third quarter of 2009.
2009 Guidance
FIS will update its fiscal 2009 guidance to include the acquisition of
Metavante following the completion of the transaction. Separately, FIS and
Metavante have reiterated the respective guidance each had previously
provided in February 2009.
Advisors
Banc of America Securities LLC and Goldman, Sachs & Co. acted as
financial advisors to FIS and Wachtell, Lipton, Rosen & Katz provided legal
counsel. Barclays Capital acted as financial advisor to Metavante, while
Kirkland & Ellis LLP and Quarles & Brady LLP provided legal counsel.
Conference Call and Webcast
FIS and Metavante will host a joint webcast to discuss the transaction on
Wednesday, April 1, 2009, at 11:00 a.m. EDT. The webcast will be accessible
on the investor relations section of FIS's website at
www.fidelityinfoservices.com and Metavante's website at www.metavante.com.
The accompanying slide presentation will also be available on each company's
website. A replay of the audio presentation will be available on the websites
or by calling 888-203-1112 (domestic) or 719-457-0820 (international), and
entering passcode 1456372. The replay will be available for four weeks
following the conference call.
About Fidelity National Information Services, Inc.
Fidelity National Information Services, Inc. (NYSE: FIS), a Fortune 500
company, is a leading provider of core processing for financial institutions;
card issuer and transaction processing services; and outsourcing services to
financial institutions and retailers. FIS has processing and technology
relationships with 40 of the top 50 global banks, including nine of the top
10. FIS is a member of the S&P 500 Index and has been ranked the number one
banking technology provider in the world by American Banker and the research
firm Financial Insights in the annual FinTech 100 rankings. Headquartered in
Jacksonville, Fla., FIS maintains a strong global presence, serving more than
14,000 financial institutions in more than 90 countries worldwide. For more
information on FIS, please visit www.fidelityinfoservices.com.
About Metavante
Metavante Technologies, Inc. (NYSE: MV) is the parent company of
Metavante Corporation. Metavante Corporation delivers banking and payments
technologies to approximately 8,000 financial services firms and businesses
worldwide. Metavante products and services drive account processing for
deposit, loan and trust systems, image-based and conventional check
processing, electronic funds transfer, consumer healthcare payments,
electronic presentment and payment, outsourcing, and payment network
solutions including the NYCE Network, a leading ATM/PIN debit network.
Metavante (www.metavante.com) is headquartered in Milwaukee. Metavante and
NYCE are registered trademarks of Metavante Corporation, which is the
principal subsidiary of Metavante Technologies, Inc.
Use of Non-GAAP Financial Information
Generally Accepted Accounting Principles (GAAP) is the standard framework
of guidelines for financial accounting. It includes the standards,
conventions, and rules accountants follow in recording and summarizing
transactions, and in the preparation of financial statements. In addition to
reporting financial results in accordance with GAAP, the Company has provided
non-GAAP financial measures which it believes are useful to help investors
better understand its financial performance, competitive position and
prospects for the future. These non-GAAP measures include earnings before
interest, taxes, depreciation and amortization ("EBITDA"), adjusted EBITDA,
and free cash flow. Adjusted EBITDA excludes the after-tax impact of merger
and acquisition and integration expenses, certain stock compensation charges,
debt restructuring and other costs, and gains (losses) on the sale of certain
non-strategic assets. Any non-GAAP measures should be considered in context
with the GAAP financial presentation and should not be considered in
isolation or as a substitute for GAAP net earnings. Further, FIS's and
Metavante's non-GAAP measures may be calculated differently from
similarly-titled measures of other companies.
Forward Looking Statements
This press release contains statements related to FIS's and Metavante's
future plans, objectives, performance, events and expectations, including
statements about revenue and cost synergies and earnings accretion and, as
such, constitutes "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These forward-looking statements are
subject to known and unknown events, risks, uncertainties and other factors
that, individually or in the aggregate, may cause actual results, performance
or achievements of FIS and Metavante to be different from those expressed or
implied within this presentation. The material risks and uncertainties that
could cause actual results to differ materially from current expectations
include, without limitation, the following: (i) effect of governmental
regulations, including the possibility that there are unexpected delays in
obtaining regulatory approvals; (ii) the economy; (iii) competition; (iv) the
risk that the merger may fail to achieve beneficial synergies or that it may
take longer than expected to do so; (v) the risk of reduction in revenue from
the elimination of existing and potential customers due to consolidation in
the banking, retail and financial services industries and its impact on the
Companies' customer bases; (vi) failure to adapt to changes in technology or
in the marketplace; (vii) the failure to obtain approval of FIS's and
Metavante's shareholders; (viii) delays associated with integrating the
companies, including employees and operations, after the transaction is
completed; (ix) actions that may be taken by the competitors, customers and
suppliers of FIS or Metavante that may cause the transaction to be delayed or
not completed; and (x) other risks detailed from time to time in the Form
10-K and other reports and filings made by FIS and Metavante with the
Securities and Exchange Commission ("SEC") that are available on the SEC's
web site located at http://www.sec.gov, including the sections entitled "Risk
Factors" in FIS's and Metavante's Form 10-K for the fiscal year ended
December 31, 2008. Readers are strongly urged to read the full cautionary
statements contained in those materials. We assume no obligation to update
any forward-looking statements to reflect events that occur or circumstances
that exist after the date on which they were made.
Additional Information and Where to Find It
In connection with the proposed transactions, FIS and Metavante will file
relevant materials with the SEC, including a registration statement on Form
S-4 that will include a joint proxy statement of FIS and Metavante that also
constitutes a prospectus of FIS. FIS and Metavante will mail the final joint
proxy statement/prospectus to their respective shareholders. Investors and
security holders are urged to read these documents (if and when they become
available) and any other relevant documents filed with the SEC, as well as
any amendments or supplements to those documents, because they will contain
important information about FIS, Metavante and the proposed transactions.
Investors and security holders may obtain these documents (and any other
documents filed by FIS or Metavante with the SEC) free of charge at the SEC's
website at www.sec.gov. In addition, the documents filed with the SEC by FIS
may be obtained free of charge by directing such request to: Investor
Relations, 601 Riverside Drive, Jacksonville, FL 32204, or from FIS' Investor
Relations page on its corporate website at www.fidelityinfoservices.com. The
documents filed with the SEC by Metavante may be obtained free of charge by
directing such request to: Investor Relations, 4900 West Brown Deer Road,
Milwaukee, WI 53223 or from Metavante's Investor Relations page on its
corporate website at www.Metavante.com.
Participants in the Solicitation
FIS, Metavante and their respective executive officers, directors and
certain other members of management and employees may be deemed to be
participants in the solicitation of proxies from the shareholders of
Metavante and FIS in favor of the proposed transactions. Information
regarding the persons who may, under the rules of the SEC, be considered
participants in the solicitation of the shareholders in connection with the
proposed transactions will be set forth in the joint proxy
statement/prospectus when it is filed with the SEC. Information about the
executive officers and directors of FIS and their ownership of FIS common
stock is set forth in the proxy statement for FIS's 2008 Annual Meeting of
Shareholders, which was filed with the SEC on April 15, 2008. Information
about the executive officers and directors of Metavante and their ownership
of Metavante common stock is set forth in the proxy statement for Metavante's
2008 Annual Meeting of Shareholders, which was filed with the SEC on April
11, 2008.
Fidelity National Information Services, Inc.
Mary K. Waggoner, Senior Vice President of Investor Relations, FIS, +1-904-854-3282, or Marcia Danzeisen, Senior Vice President Marketing and Corporate Communications, FIS, +1-904-854-5083; or Kirk Larsen, Treasurer and Vice President of Investor Relations of Metavante Corporation, +1-414-357-3553, or Chip Swearngan, Vice President, Corporate Communications, of Metavante Corporation, +1-414-357-3688
ng Connect Program to Demonstrate Next Generation Broadband Services at CTIA Wireless
CTIA WIRELESS, LAS VEGAS, April 1 /PRNewswire/ --
- Atlantic Records, Kyocera Communications Inc, LearningMate and
MediaTile to Join the Multi-Industry Initiative for 4G, LTE and Other
Ultra-High Bandwidth Networks
Following its successful launch in February 2009, the ng
Connect Program founded by Alcatel-Lucent is experiencing strong growth as
industry interest in next generation networks and services continues to grow
at a rapid pace. The ng Connect Program today announced four new members
including leading companies from the music, telecommunication and education
sectors bringing the total number of companies in the program to eighteen in
the two months since its inception.
The ng Connect Program is a multi-industry initiative
dedicated to establishing a rich and diverse ecosystem of infrastructure,
devices, content and applications for both mobile and fixed broadband
networks including 4G, Long Term Evolution (LTE), GPON and other ultra high
bandwidth technologies.
The new members include:
Atlantic Records - Atlantic Records, which celebrated its 60th
Anniversary in 2008, currently ranks as the #1 label in the music industry
according to Nielsen Soundscan. Atlantic has released a string of recordings
that have had a profound impact on the course of modern music, its rich
history including such musical icons as Ray Charles, Aretha Franklin, John
Coltrane, and Led Zeppelin.
Kyocera Communications Inc. (KCI) - the newly formed sales,
marketing and service organization for Kyocera and Sanyo-branded wireless
devices in the Americas. The company's devices are driving the convergence of
telecommunications, broadband and multimedia.
LearningMate - a leading provider of end-to-end e-Learning
education solutions. LearningMate develops engaging, instructionally sound,
interactive learning experiences on a variety of technology platforms and
devices. The company has a significant presence in the United States, United
Kingdom and India, and serves a global clientele comprised of education
publishers, online schools, universities, government agencies, non-profits
and education consortia.
MediaTile - a worldwide supplier of award-winning, all-in-one
cellular digital signage and kiosk solutions that are remarkably
easy-to-deploy and operate. Just add power to MediaTile Digital Sign in a
Box(TM) or Kiosk in a Box(TM) systems and use the web-based Mediacast Portal
to manage and monitor your advertising, informational or interactive
communications network. Backed by MediaTile best practices, Return On
Message(TM) (ROM) Methodology, a 99.9% uptime guarantee, end-to-end service
and support, and a creative media team, your network will be up and running
in record time, with record results.
"We are really pleased with the tremendous industry interest
in the ng Connect Program generated in just a few short months since our
launch," said Derek Kuhn, vice president of Emerging Technology and Media,
Alcatel-Lucent. "The ng Connect program is making great progress signing up
new members who are actively working together to build an open ecosystem that
we know can bring whole new classes of services to market; services that can
leverage the growing capabilities of service-aware IP networks, IMS and
more."
New Proof of Concept Demonstrations
The ng Connect Program will demonstrate end-to-end next
generation broadband applications at the CTIA Wireless 2009 trade show and
exhibition in the Alcatel-Lucent Booth (#6714). Demos will include a new
dynamic digital signage demonstration and an e-Learning experience showing a
two-way audio visual exchange between student and teacher. Other
demonstrations are a next generation music and social networking service
recently updated to include Atlantic Records' Rich Application Suite,
Fanbase, a multi-player mobile gaming experience, and a real-time next
generation healthcare application that allows patients to be monitored
remotely using a combination of mobile handsets and televisions as well as a
next generation augmented reality viral advertising application in a
multi-screen environment.
Fanbase - Atlantic Records launched Fanbase as an extension of
the artist.com online destination. The platform includes official and
unofficial audio, video, chat, news, photos, tours info, and more. "The
content within Fanbase is aggregated and streamed from the Internet. LTE and
the NG Connect program allow us to learn from the next generation wireless
technologies to ensure the best fan experience possible, whenever and
wherever they are," said Paul Sinclair, SVP of Digital Media at Atlantic
Records. The Fanbase platform includes a social networking widget, desktop
application, connected CD with bonus album content, and mobile application.
Dynamic Digital Signage - ng Connect Program members
Alcatel-Lucent, SIGNEXX and dimedis collaborated on a new dynamic digital
signage demonstration which highlights their ability to provide real time
content updates to digital signs via LTE.
e-Learning - Members Words & Numbers, Alcatel-Lucent and
LearningMate have created a new Proof of Concept showing a two way audio and
visual teaching experience demonstrating the potential for wireless broadband
technology to support fast, 'anytime, anywhere' learning experiences. The
demonstration integrates the Alcatel-Lucent Omnitouch My Teamwork Conference
and Collaboration Tool, LearningMate's QuAD assessment portal and LMS
Interoperability Framework (LIF) as well as learning content from Words &
Numbers.
The ng Connect Program, by helping bring new applications and
services to market more quickly, will facilitate an expansion of the revenue
base for service providers and provide new opportunities for others in the
value chain. To accomplish this, the ng Connect Program is developing a
variety of pre-integrated solutions featuring the latest innovations in
network, device and software technologies.
About LTE
LTE is a new wireless broadband technology that delivers
significantly faster data speeds with the potential of 100 Mbps downstream
and 30 Mbps upstream with reduced latency, allowing end users to consume more
complex content at faster speeds, complementing the broadband capabilities of
fixed networking technologies such as GPON.
About The ng Connect Program
The ng Connect Program is an industry organization committed
to the development and rapid deployment of the next generation of broadband
services based on Long Term Evolution (LTE) and other ultra high bandwidth
technologies. Founded in 2009, the ng Connect Program is supported by leading
network, consumer electronics, application and content providers including
4DK, Alcatel-Lucent, Atlantic Records, Buzznet, chumby, Connect2Media,
dimedis, FISHLABS, HP, Kyocera Communications Inc., LearningMate, MediaTile,
QNX, Samsung, SIGNEXX, Total Immersion, TuneWiki and Words & Numbers. For
more information on the ng Connect Program, please visit:
http://www.ngconnect.org.
About Alcatel-Lucent
Alcatel-Lucent (Euronext Paris and NYSE: ALU) is the trusted
partner of service providers, enterprises and governments worldwide,
providing solutions to deliver voice, data and video communication services
to end-users. A leader in fixed, mobile and converged broadband networking,
IP technologies, applications and services, Alcatel-Lucent leverages the
unrivalled technical and scientific expertise of Bell Labs, one of the
largest innovation powerhouses in the communications industry. With
operations in more than 130 countries and the most experienced global
services organization in the industry, Alcatel-Lucent is a local partner with
a global reach. Alcatel-Lucent achieved revenues of Euro 16.98 billion in
2008 and is incorporated in France, with executive offices located in Paris.
For more information, visit Alcatel-Lucent on the Internet:
http://www.alcatel-lucent.com
Alcatel-Lucent
Alcatel-Lucent Press Contacts: Régine Coqueran, Tel: +33(0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com; Sarah Miller, Tel: +1-613-720-9716, sarah.miller@alcatel-lucent.com; Alcatel-Lucent Investor Relations: Rémi Thomas, Tel: + 33(0)1-40-76-50-61, remi.thomas@alcatel-lucent.com; Tom Bevilacqua, Tel: + 1908-582-7998, bevilacqua@alcatel-lucent.com; Tony Lucido, Tel: +33(0)1-40-76-49-80, alucido@alcatel-lucent.com; Don Sweeney, Tel: +1-908-582-6153, dsweeney@alcatel-lucent.com; ng Connect Press Contacts: Pamela Preston, Tel: +1-212-616-6001, ppreston@breakawaycom.com; Alicia Mickelsen, Tel: +1-212-616-6002, amick@breakawaycom.com
Alcatel-Lucent Enhances its Packet Microwave Transport Offering to Cost-Effectively Support Wireless Broadband Services
CTIA Wireless - LAS VEGAS, April 1 /PRNewswire/ -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced
the enhancement of its packet microwave radio portfolio with new capabilities
to fully leverage fixed and mobile operators' existing investments in
microwave backhaul networks. This enhancement will offer them the added
capacity that will be needed to evolve - profitably -- to next generation
wireless broadband (including LTE).
LTE is a new wireless broadband technology that offers data
speeds comparable to the fastest fixed broadband technologies, and offers
significantly reduced latency to ensure a high-quality end-user experience
for real-time, multimedia services. The anticipated increase in consumer and
business use of wireless broadband services with the introduction of LTE
networks also is expected to drive the need for expanded backhaul
capabilities to deal with the challenge of transporting the resulting data
traffic.
To meet this need, Alcatel-Lucent - under a global agreement
-- will integrate multi-gigabit millimeter wave radios from BridgeWave, the
leader in gigabit wireless solutions, into its 9500 Microwave Packet Radio
(MPR) transmission solutions. This advancement will expand the frequency
range covered by the 9500 MPR with the high-frequency 60-90 GHz spectrum to
provide customers up to 2.6 Gbps of capacity, sufficient to support the
anticipated transport requirements for 2G, 3G and 4G networks.
"Offering the most cost-effective mobile transport network
that maximizes the relationship between cost and capacity is critical to
delivering greater profitability for mobile network operators, and a better
service experience for end-users," said Philippe Dumont, head of wireless
transmission activities for Alcatel-Lucent. "After an exhaustive evaluation
of all millimeter wave solutions on the market, we selected BridgeWave's
gigabit wireless technology due to its superior combination of performance
and capacity, as well as its attractive feature set that makes it a perfect
complement to our industry-leading microwave transport portfolio."
"We are proud to collaborate with Alcatel-Lucent, a company
with a clear strategic vision for an open LTE ecosystem," said Amir Makleff,
President and CEO at BridgeWave Communications. "Our expertise and leadership
in the 80GHz spectrum combined with Alcatel-Lucent's broad product offering
and support organization provides customers with an attractive combination of
technology and solutions."
With these enhancements, Alcatel-Lucent is further enhancing
its Mobile Evolution Transport Architecture (META), the industry's most
comprehensive vision for the evolution of mobile networks from TDM to all-IP.
Alcatel-Lucent has historically been a leader in the North
American market and has demonstrated this again in 2008 with 34.8 percent
market share and the lead position in Q4 2008 (Source: Sky Light Research).
About Alcatel-Lucent
Alcatel-Lucent (Euronext Paris and NYSE: ALU) is the trusted partner of
service providers, enterprises and governments worldwide, providing solutions
to deliver voice, data and video communication services to end-users. A
leader in fixed, mobile and converged broadband networking, IP technologies,
applications and services, Alcatel-Lucent leverages the unrivalled technical
and scientific expertise of Bell Labs, one of the largest innovation
powerhouses in the communications industry. With operations in more than 130
countries and the most experienced global services organization in the
industry, Alcatel-Lucent is a local partner with a global reach.
Alcatel-Lucent achieved revenues of Euro 16.98 billion in 2008 and is
incorporated in France, with executive offices located in Paris. For more
information, visit Alcatel-Lucent on the Internet:
http://www.alcatel-lucent.com
Alcatel-Lucent
Alcatel-Lucent Press Contacts: Régine Coqueran, Tel: +33(0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com; Sarah Miller, Tel: +1-613-720-9716, sarah.miller@alcatel-lucent.com. Alcatel-Lucent Investor Relations: Rémi Thomas, Tel: +33(0)1-40-76-50-61, remi.thomas@alcatel-lucent.com; Tom Bevilacqua, Tel: +1-908-582-7998, bevilacqua@alcatel-lucent.com; Tony Lucido, Tel: +33(0)1-40-76-49-80, alucido@alcatel-lucent.com; Don Sweeney, Tel: +1-908-582-6153, dsweeney@alcatel-lucent.com.
Redknee Announces Two Contracts With Digicel Group in Honduras and Panama
TORONTO, April 1 /PRNewswire/ --
- Solution Provides Postpaid Billing Services To Support Growth
Redknee (TSX: RKN), a leading provider of mission-critical software and
solutions for communications service providers, is pleased to announce two
contracts with the Digicel Group ("Digicel"), the largest mobile
telecommunications operator in the Caribbean and a new entrant to the Central
American mobile market.
Digicel selected Redknee's Turnkey Converged Billing solution to provide
postpaid billing, invoicing and some customer care services to operations in
both Honduras and Panama, supporting Digicel's rapid growth strategy. As the
fastest growing mobile network operator in the Caribbean and with ambitious
growth prospects in Central and Latin America, Digicel required a scalable
customer relationship management system with a proven invoicing solution for
postpaid wireless customers.
Mario Assaad, Digicel Group's Chief Technology Officer, stated:
"Digicel has worked with Redknee as we have expanded services across the
Caribbean and Central America. We are optimistic that these contracts will
support our growth in Panama and Honduras."
Lucas Skoczkowski, CEO of Redknee stated:
"The high growth markets are an important part of Redknee's growth
strategy, and we have been consistently gaining market share in these
regions, especially with our Turnkey Converged Billing solution. We look
forward to continuing to support Digicel's growth in Central America."
For more information about Redknee, visit www.redknee.com.
About Redknee:
Redknee is a leading global provider of innovative communication software
products, solutions and services. Redknee's award-winning solutions enable
operators to monetize the value of each subscriber transaction while
personalizing the subscriber experience to meet mainstream, niche and
individual market segment requirements. Redknee's revenue generating
solutions provide advanced converged billing, rating, charging and policy for
voice, messaging and new generation data services to over 70 network
operators in over 50 countries. Established in 1999, Redknee Solutions Inc.
(TSX: RKN) is the parent of the wholly-owned operating subsidiary Redknee
Inc. and its various subsidiaries. References to Redknee refer to the
combined operations of those entities. For more information, visit
http://www.redknee.com.
About Digicel:
Since its launch in 2001, Digicel has become the largest wireless
telecommunications operator in the Caribbean and the fastest growing wireless
operator in Central America and Pacific. The company operates in 31 markets
worldwide with total investments exceeding US$3.4 billion.
For more information, visit www.digicelgroup.com.
Caution Regarding Forward-Looking Information:
This release contains forward-looking information within the meaning of
applicable securities laws ("forward-looking statements") that relate to
Redknee's product performance and capabilities, Redknee, customer and third
party investment and resource allocation decisions, and business, economic
and market conditions. Forward-looking statements are not promises or
guarantees and involve known and unknown risks, uncertainties and other
factors and assumptions that may cause the actual results, performance or
achievements of Redknee, or developments in Redknee's business or industry,
to differ materially from anticipated results, performance or achievements or
developments expressed or implied by such forward-looking statements. Such
factors include, but are not limited to: technological change and changes in
the industry in which Redknee competes; changing global economic conditions
and uncertainties; investment and resource allocation decisions of the
company and its customers and partners; product performance and capabilities
of the company's solutions and products; loss of key customers; and other
risks detailed in the Company's filings with the Ontario Securities
Commission including Redknee's Annual Information Form dated for the fiscal
year ended September 30, 2008. Readers are cautioned not to place undue
reliance upon any such forward-looking statements, which speak only as of the
date made and which are provided for the purpose of providing information
about management's current expectations and plans relating to the future.
Readers are cautioned that such information may not be appropriate for other
purposes. Redknee does not undertake or accept any obligation or undertaking
to release publicly any updates or revisions to any forward-looking
statements to reflect any change in its expectations or any change in events,
conditions or circumstances on which any such statement is based, except as
required by law.
Redknee
Media Relations Contact: Ashleigh Young, Mi liberty, +44(0)20-7751-4444, ayoung@miliberty.com, Mark Yaphe, Vice President, Product Management & Marketing, +1-905-625-2298, mark.yaphe@redknee.com, Redknee Solutions: David Charron, Chief Financial Officer, +1-905-625-2943, david.charron@redknee.com
OmniVision Expands Presence in Professional CCTV Market With Latest SoC Imaging SolutionIndustry's best-in-class low-light sensitivity provides superior image quality for professional-grade security cameras
LAS VEGAS, April 1 /PRNewswire-FirstCall/ -- At the International Security Conference (ISC) today, OmniVision Technologies, Inc. , a leading developer of advanced digital imaging solutions, unveiled its latest OV7960 SoC solution for professional-grade closed circuit television (CCTV) applications. Designed specifically to meet the high-sensitivity demands of the security market, the OV7960 features the industry's best-in-class low light sensitivity of 12V/lux-sec. Optimized for NTSC and PAL applications, the OV7960 with advanced image signal processing capabilities, delivers vivid image capture in the most challenging lighting conditions, making it an ideal solution for both indoor and outdoor security applications. Live demonstrations of the OV7960 will be featured at ISC April 1-3 in OmniVision booth #12075.
(Photo: http://www.newscom.com/cgi-bin/prnh/20090401/SF92150)
Shipment of image sensors for security applications is expected to grow from the 35 million units shipped in 2008 to 61 million units in 2012 according to iSuppli, a leading third-party analyst firm. "Professional CCTVs represent one of the fastest growing segments in the security industry and CMOS image sensors will continue to encroach on their CCD components," said Pamela Tufegdzic iSuppli Consumer Electronics analyst. "OmniVision is well poised for increased market share with their growing portfolio of solutions tailored specifically to meet the demands of the security and surveillance market."
Featuring the high-sensitivity 6 x 6um OmniPixel3-HS(TM) architecture, OmniVision's most advanced generation of front side illumination pixel architectures, the low-voltage, high-performance OV7960 provides the full functionality of a single-chip digital/analog NTSC/PAL sensor. The OV7960 operates at 30 frames per second (fps) in VGA mode, 50 fps in PAL mode and 60 fps in NTSC mode and has an active array size of 768 x 576 to support both PAL and NTSC outputs.
The OV7960 incorporates advanced image processing functions, including exposure control, gain control, white balance, lens correction and defective pixel correction to provide full-frame images. These functions are programmable through the serial camera control bus (SCCB) interface. For storage purposes, the OV7960 includes 16 bytes of one-time programmable (OTP) memory.
The OV7960 features automatic exposure/gain with 16 zone control, horizontal and vertical windowing capability, aperture/gamma correction, external frame sync capability and extremely low dark current for high temperature applications. The OV7960 comes in a variety of lead-free packaging options, and is capable of operating within a temperature range of -20 degrees C to +70 degrees C.
Availability
The OV7960 is immediately available for customer sampling with volume production slated for the second half of calendar 2009.
About OmniVision
OmniVision Technologies is a leading developer of advanced digital imaging solutions. Its award-winning CMOS imaging technology enables superior image quality in many of today's consumer and commercial applications, including mobile phones, notebook and webcams, digital still and video cameras, security and surveillance, automotive and medical imaging systems. Find out more at http://www.ovt.com/.
Safe-Harbor Language
Certain statements in this press release, including statements regarding the expected benefits, performance and capabilities of, the expected market impact and the expected timeframe for volume production of the OV7960 are forward-looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward-looking statements and OmniVision's results to differ materially, include, without limitation: potential errors, design flaws or other problems with the OV7960, customer acceptance, demand, and other risks detailed from time to time in OmniVision's Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision's annual report filed on Form 10-K and quarterly reports filed on Form 10-Q. OmniVision expressly disclaims any obligation to update information contained in any forward-looking statement.
OmniVision(R), OmniPixel(R) and TrueFocus(R) are registered trademarks of OmniVision Technologies, Inc. The OmniVision logo, CameraChip(TM), CameraCube(TM), OmniPixel2(TM), OmniPixel3(TM), OmniPixel3-HS(TM), OmniBSI(TM), and SquareGA(TM) are trademarks of OmniVision Technologies, Inc. All other trademarks are the property of their respective owners.
Photo: http://www.newscom.com/cgi-bin/prnh/20090401/SF92150 PRN Photo Desk, photodesk@prnewswire.com
OmniVision Technologies, Inc.
CONTACT: Media, Martijn Pierik of Impress Public Relations, +1-602-366-5599, martijn@impress-pr.com, for OmniVision Technologies; or Company Contact, Tamara Snowden +1-408-653-3184, tsnowden@ovt.com, or Investor Relations, Chesha Gibbons, +1-408-653-3233, cgibbons@ovt.com, both of OmniVision Technologies
Web Site: http://www.ovt.com/
VeriFone and MasterCard Worldwide Host New Merchant Education Seminar on PCI ComplianceWebinar on Payment Application Vendors and PA-DSS Available On Demand to Enhance Merchants' Data Security Knowledge
SAN JOSE, Calif., April 1 /PRNewswire-FirstCall/ -- VeriFone Holdings, Inc. and MasterCard Worldwide today announced a new online seminar for merchants to help them optimize their business through managing fraud and reputational risk.
The new seminar, "Payment Application Vendors and PA-DSS," expands MasterCard's PCI Merchant Education Program, an initiative offered to MasterCard acquiring bank customers to provide practical assistance in educating merchants and encouraging broader adoption of the Payment Card Industry Data Security Standard (PCI DSS). The seminar is available online on demand at http://www.webcasts.com/mastercardpci.
"Collaborating with MasterCard in the distribution and promotion of this seminar allows us to reach a large audience of critical stakeholders with an on-demand, easy-to-access format," said VeriFone Chief Security Officer Dave Faoro, the session presenter.
The online seminar describes PA-DSS (Payment Application Data Security Standard) and its effects on the multiple parties involved, including application vendors, merchants and resellers. Listeners find out what types of applications are affected and how they affect PCI DSS compliance. The webinar also covers the risks involved with not being compliant, and talks though steps merchants can take to help achieve compliance today.
Since its inception, more than 2,670 registered acquiring banks and merchants have viewed MasterCard's PCI Merchant Education Program online training modules more than 5,900 times. This seminar is one of three new seminars added this year, creating a total of 16 Web-based modules featuring actionable advice from MasterCard and industry experts.
The PCI DSS sets forth requirements for enhancing payment account data security. The standard-which was developed by MasterCard and the other founding payment brands that comprise the PCI Security Standards Council-is intended to help companies safeguard payment account data. More information on the PCI Merchant Education Program and other ongoing MasterCard security initiatives can be found online at http://www.mastercardsecurity.com/, or merchants may contact their MasterCard SDP representative.
Additional Resources:
http://www.verifone.com/padss
http://www.webcasts.com/mastercardpci
About MasterCard Incorporated
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to http://www.mastercard.com/.
About VeriFone Holdings, Inc. (http://www.verifone.com/)
VeriFone Holdings, Inc. ("VeriFone") is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Holdings, Inc.:
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Holdings, Inc. These risks and uncertainties include: our customers' acceptance and adoption of our newly released products and applications, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. VeriFone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
VeriFone Holdings, Inc.
CONTACT: Pete Bartolik of VeriFone Media Relations, +1-508-283-4112, pete_bartolik@verifone.com; or Erik Mueller of MasterCard Worldwide, +1-914-249-4147, erik_mueller@mastercard.com
Web Site: http://www.webcasts.com/mastercardpci http://www.mastercardsecurity.com/ http://www.mastercard.com/ http://www.verifone.com/
Video: Procter & Gamble Gives Back with 'Give Health'P&G, In Conjunction with Three Charitable Programs, Helps Keep Children in Developing Countries Healthy
CINCINNATI, April 1 /PRNewswire/ -- P&G is empowering consumers to help keep children in developing nations healthy through GIVE Health, a campaign under the company's Live, Learn and Thrive corporate cause. Through a coupon redemption program with P&G brandSAVER, Give Health invites consumers to help raise one million dollars to give the gift of health to children in need around the world through three charitable programs, including Pampers Maternal and Neonatal Tetanus Global Campaign, PUR Children's Safe Drinking Water Program and Always and Tampax Protecting Futures Program.
To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/pg/36980/
For every coupon redeemed from the March 1, 2009 and April 5, 2009 issues of P&G's monthly brandSAVER coupon book, P&G will make a donation toward the cost of water, vaccine administrations and feminine protection and puberty education for people around the globe. With over 10 million children in developing countries dying before the age of five, according to the Global Basic Income Foundation, P&G is committed to giving back and enabling consumers to support important causes through coupon redemption.
"Ensuring children have access to clean drinking water, tetanus vaccines and the proper puberty education and feminine protection are vital to improving health conditions," said P&G Market Strategy External Relations Manager Glenn Williams. "We are thrilled to offer the GIVE Health campaign, in partnership with P&G brandSAVER, to empower consumers to give back and provide support without having to reach in their own pockets during this tough economy."
In the current economic climate, consumers have returned to redeeming coupons as a way to save money. According to a recent survey by NCH Marketing Services, 75 percent of customers in all income brackets use coupons to keep the cost of everyday groceries down. BrandSAVER offers hundreds of dollars off of popular P&G products and will now support charitable causes.
To learn more about these individual programs as well as the Give Health campaign please visit http://www.pggivehealth.org/.
About Pampers Maternal and Neonatal Tetanus Global Campaign
Pampers has partnered with UNICEF to help eliminate maternal and neonatal tetanus, a preventable disease that claims the lives of 140,000 infants and 30,000 mothers in developing countries each year--that's one death every three minutes. This international initiative began two years ago in Latin America and has expanded to Western Europe, Japan and the U.S., providing funds for more than 50 million doses of vaccine.
About PUR Children's Safe Drinking Water Program
More than one billion people in the developing world do not have access to clean drinking water. As a result, thousands of children die every day. Children's Safe Drinking Water (CSDW) reaches these people through PUR, a water purifying technology developed by P&G and the U.S. Centers for Disease Control and Prevention (CDC). One small PUR packet quickly turns 10 liters of dirty, potentially deadly water into clean, drinkable water. The packets can be used anywhere in the world, including areas affected by natural disaster.
About Always and Tampax Protecting Futures program
Always(R) and Tampax(R) work with partner organizations to provide puberty education, feminine protection, and sanitary facilities to help vulnerable girls in Southern Africa stay in school. In addition, Protecting Futures, along with its partners, works to raise awareness and build advocacy for vulnerable girls' educational needs. Because every girl deserves her chance to shine.
About Procter & Gamble
Three billion times a day, P&G brands touch the lives of people around the world. The company has one of the strongest portfolios of trusted, quality, leadership brands, including Pampers(R), Tide(R), Ariel(R), Always(R), Whisper(R), Pantene(R), Mach3(R), Bounty(R), Dawn(R), Pringles(R), Folgers(R), Charmin(R), Downy(R), Lenor(R), Iams(R), Crest(R), Oral-B(R), Actonel(R), Duracell(R), Olay(R), Head & Shoulders(R), Wella(R), Gillette(R), and Braun(R). The P&G community consists of over 135,000 employees working in over 80 countries worldwide. Please visit http://www.pg.com for the latest news and in-depth information about P&G and its brand.
Video: http://www.prnewswire.com/mnr/pg/36980
P&G
CONTACT: Colleen Mathis of MS&L, +1-212-468-3984, colleen.mathis@mslworldwide.com, for Procter & Gamble; or Glenn Williams of Procter & Gamble, +1-513-983-1920, williams.gv@pg.com
Web Site: http://www.pg.com/
La Contenta Golf Club Latest to Tap Digital Out of Home Media Power ProLink GPS, Advertising ProgramGameStar System to Deliver Strategic Assistance to California Course
CHANDLER, Ariz., April 1 /PRNewswire-FirstCall/ -- ProLink Solutions - a wholly-owned subsidiary of ProLink Holdings Corp. (BULLETIN BOARD: PLKH) and the world's leading provider of Global Positioning Satellite ("GPS") golf course management systems and digital out-of-home on-course advertising - announces La Contenta Golf Club (Valley Springs, Calif.) now features the GameStar GPS system and will tap ProLink's digital out of home media power via its exclusive national advertising program.
Carved into the rolling hills of Northern California, La Contenta challenges experienced golfers with numerous out of bounds lines and water hazards. Designed by Richard Bigler and opened for business in 1974, the course's signature hole is No. 13, a 185-yard, par 3 that drops 100-feet off the tee to an L-shaped green.
In addition to the installation of ProLink GPS systems, La Contenta launched a multi-faceted club renovation plan in the spring of 2008. The work will give the clubhouse a major facelift, including a larger banquet facility able to accommodate up to 300 guests, an outdoor wedding and event area, patio dining, redesigned cocktail lounge and expanded Pro Shop.
"We're looking to differentiate our course from competitors in the area and believe that ProLink is a great way to deliver added value to our guests," says Marty Davis, general manager of La Contenta Golf Club. "The tournament scoring system should help us attract more events while the cart management functions will make the staff's job much easier."
"La Contenta offers a beautiful setting and we are proud to call the club a trusted partner," says Lawrence D. Bain, CEO of ProLink Solutions. "In addition to bolstering membership offerings, ProLink's unparalleled ability to reach high-end consumers makes us an integral element of comprehensive advertising campaigns."
With ProLink's patented, 10.4" high-resolution color screen - the industry's largest - the cart-mounted units display dynamic, easy-to-read graphics including distances to the pin and hazards, pro tips, pace-of-play timer and radial arc for cart-path-only holes. Golfers will also be able to order food and beverage items with a touch of a button on the ProLink screen.
Servicing many of the world's most famous courses, the GPS provider recently introduced its revolutionary 'ProLink Touch,' the golf industry's first cart-mounted "Touch" screen. The most high-tech and user-friendly unit on the market, the innovative system features enhanced scoring functions which will automatically calculate "Nassau" and "Skins" results.
For courses' bottom lines, the new system's expansive memory stores up to 7,500 ads, generating incremental revenue through a larger sales inventory. Designed with a proprietary custom interface, ProLink Touch delivers lightning-fast cart-to-clubhouse communication for all purposes including two-way communications, golfer safety, food-and-beverage orders and pace-of-play alerts.
For more information on La Contenta Golf Club, visit http://www.lacontentagolf.com/ or call 209.772.1081.
About ProLink
ProLink Solutions is the world's leading provider of GPS golf course management systems and revenue-generating on-course advertising. ProLink Solutions' core philosophy is to be a "Trusted Partner" to its golf-course customers. From enhancing golfers' overall experience and improving pace-of-play, to increasing current revenue streams and creating new profit centers for golf courses, ProLink Solutions' products and services have captured markets both nationally and globally. For more information about ProLink, visit http://www.goprolink.com/, call 480.753.2325 or email info@goprolink.com.
CONTACT:
Buffalo Communications
Shane Sharp
704.519.8381
ssharp@billycaspergolf.com
Kevin Satz
703.891.3394
ksatz@billycaspergolf.com
Investor Relations Contact:
CEOcast, Inc.
Gary Nash
212.732.4300
gnash@ceocast.com
ProLink Holdings Corp.
CONTACT: Shane Sharp, +1-704-519-8381, ssharp@billycaspergolf.com, or Kevin Satz, +1-703-891-3394, ksatz@billycaspergolf.com, both of Buffalo Communications; or investors, Gary Nash of CEOcast, Inc., +1-212-732-4300, gnash@ceocast.com, all for ProLink Holdings Corp.
Web Site: http://www.lacontentagolf.com/ http://www.goprolink.com/
Fidelity National Information Services, Inc. to Acquire Metavante Technologies, Inc.Combination to create the world's largest provider of comprehensive integrated payment and financial core processing servicesCompanies anticipate $260 million in cost synergies and increased long-term organic revenue growth
JACKSONVILLE, Fla. and MILWAUKEE, April 1 /PRNewswire-FirstCall/ -- Fidelity National Information Services, Inc. and Metavante Technologies, Inc. today announced that the boards of directors of both companies have approved a definitive agreement under which FIS will acquire Metavante. Under the terms of the agreement, Metavante shareholders will receive a fixed exchange ratio of 1.35 shares of FIS common stock for each share of Metavante common stock they own. The pro forma enterprise value of the combined company is approximately $10 billion.
The combination creates an industry leader with enhanced growth prospects. FIS is a leading provider of core and transaction processing services, card issuer solutions and outsourcing services to more than 14,000 financial institutions worldwide. Metavante is a leading provider of banking and payments technologies to approximately 8,000 financial services firms and businesses. Together, the combined company will provide one of the most comprehensive ranges of integrated products and services, across more markets and more geographies worldwide than any other provider in the industry.
The pro forma financial implications are compelling. FIS and Metavante serve complementary customer bases and have highly diversified and recurring revenue streams. In 2008, the companies generated pro forma combined revenue of $5.2 billion, adjusted EBITDA of $1.3 billion and free cash flow of more than $500 million. As a result of the combination, FIS anticipates it will achieve cost synergies of approximately $260 million. The increased global scale and expected cost savings are expected to generate significant margin expansion. The transaction is expected to be accretive to adjusted earnings per share in 2010.
"The combined scale, complementary product capabilities and market breadth of these two great companies will drive significant competitive advantages in the increasingly dynamic marketplace," stated William P. Foley, II, chairman of FIS. "This transaction will further strengthen FIS's competitive position as a leading global provider of technology solutions and enable us to generate increased value for shareholders and customers," added Lee A. Kennedy, FIS president and chief executive officer.
"By bringing these two companies together, we expect to accelerate revenue growth, drive higher profitability, and create greater financial flexibility for growth investments and acquisitions," said Frank R. Martire, Metavante's current chairman and chief executive officer. "In addition, the size, scope and geographic reach of the combined company will offer even greater opportunities to our employees, world-wide."
The leadership team will be comprised of executives from both companies with broad industry experience and strong management depth. Mr. Foley will serve as chairman of the board of FIS. Mr. Kennedy will serve as executive vice chairman of the board with responsibility for integrating the two companies, and Mr. Martire will be named president and chief executive officer of FIS. Reporting to Mr. Martire will be Gary A. Norcross as chief operating officer (current COO of FIS) and Michael D. Hayford as chief financial officer (current president and COO of Metavante). George P. Scanlon (current chief financial officer of FIS) will serve as executive vice president of finance. Following the completion of the transaction, the board of directors will consist of six FIS board members and three Metavante directors. FIS's headquarters will remain in Jacksonville, Florida.
Additional Transaction Details
The transaction will be structured as a tax-free reorganization whereby Metavante will be merged with and into a newly formed subsidiary of FIS. Based on the 1.35 fixed exchange ratio, FIS would issue approximately 162 million basic shares to Metavante shareholders. In addition, a simultaneous equity investment by affiliates of Thomas H. Lee Partners, L.P. and Fidelity National Financial, Inc. in FIS common stock will result in approximately 16 million additional newly issued shares. At closing, the combined company would have approximately 374 million fully diluted shares outstanding. The requisite Metavante lenders have agreed to waive their change of control provisions and permit the merger to proceed. After giving effect to the transaction, the combined company is projected to have approximately $3.8 billion of debt outstanding at closing, including $1.45 billion of debt to be incurred and assumed in connection with the acquisition and will have improved financial leverage and credit statistics.
Approvals and Anticipated Closing
The transaction is subject to approval by FIS and Metavante shareholders, receipt of regulatory approvals and the satisfaction of customary closing conditions. Metavante said that its largest shareholder, an entity affiliated with Warburg Pincus that currently owns 25% of the outstanding common stock of Metavante, has entered into a Support Agreement with FIS pursuant to which it has agreed, subject to the terms and conditions of the Support Agreement, to vote in favor of the transaction. Upon completion of the deal, Warburg Pincus will be the largest single shareholder of the new company with approximately 11% ownership and will have board representation. FIS and Metavante expect to complete the transaction in the third quarter of 2009.
2009 Guidance
FIS will update its fiscal 2009 guidance to include the acquisition of Metavante following the completion of the transaction. Separately, FIS and Metavante have reiterated the respective guidance each had previously provided in February 2009.
Advisors
Banc of America Securities LLC and Goldman, Sachs & Co. acted as financial advisors to FIS and Wachtell, Lipton, Rosen & Katz provided legal counsel. Barclays Capital acted as financial advisor to Metavante, while Kirkland & Ellis LLP and Quarles & Brady LLP provided legal counsel.
Conference Call and Webcast
FIS and Metavante will host a joint webcast to discuss the transaction on Wednesday, April 1, 2009, at 11:00 a.m. EDT. The webcast will be accessible on the investor relations section of FIS's website at http://www.fidelityinfoservices.com/ and Metavante's website at http://www.metavante.com/. The accompanying slide presentation will also be available on each company's website. A replay of the audio presentation will be available on the websites or by calling 888-203-1112 (domestic) or 719-457-0820 (international), and entering passcode 1456372. The replay will be available for four weeks following the conference call.
About Fidelity National Information Services, Inc.
Fidelity National Information Services, Inc. , a Fortune 500 company, is a leading provider of core processing for financial institutions; card issuer and transaction processing services; and outsourcing services to financial institutions and retailers. FIS has processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10. FIS is a member of the S&P 500 Index and has been ranked the number one banking technology provider in the world by American Banker and the research firm Financial Insights in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 14,000 financial institutions in more than 90 countries worldwide. For more information on FIS, please visit http://www.fidelityinfoservices.com/.
About Metavante
Metavante Technologies, Inc. is the parent company of Metavante Corporation. Metavante Corporation delivers banking and payments technologies to approximately 8,000 financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, electronic presentment and payment, outsourcing, and payment network solutions including the NYCE Network, a leading ATM/PIN debit network. Metavante (http://www.metavante.com/) is headquartered in Milwaukee. Metavante and NYCE are registered trademarks of Metavante Corporation, which is the principal subsidiary of Metavante Technologies, Inc.
Use of Non-GAAP Financial Information
Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting. It includes the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the preparation of financial statements. In addition to reporting financial results in accordance with GAAP, the Company has provided non-GAAP financial measures which it believes are useful to help investors better understand its financial performance, competitive position and prospects for the future. These non-GAAP measures include earnings before interest, taxes, depreciation and amortization ("EBITDA"), adjusted EBITDA, and free cash flow. Adjusted EBITDA excludes the after-tax impact of merger and acquisition and integration expenses, certain stock compensation charges, debt restructuring and other costs, and gains (losses) on the sale of certain non-strategic assets. Any non-GAAP measures should be considered in context with the GAAP financial presentation and should not be considered in isolation or as a substitute for GAAP net earnings. Further, FIS's and Metavante's non-GAAP measures may be calculated differently from similarly-titled measures of other companies.
Forward Looking Statements
This press release contains statements related to FIS's and Metavante's future plans, objectives, performance, events and expectations, including statements about revenue and cost synergies and earnings accretion and, as such, constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to known and unknown events, risks, uncertainties and other factors that, individually or in the aggregate, may cause actual results, performance or achievements of FIS and Metavante to be different from those expressed or implied within this presentation. The material risks and uncertainties that could cause actual results to differ materially from current expectations include, without limitation, the following: (i) effect of governmental regulations, including the possibility that there are unexpected delays in obtaining regulatory approvals; (ii) the economy; (iii) competition; (iv) the risk that the merger may fail to achieve beneficial synergies or that it may take longer than expected to do so; (v) the risk of reduction in revenue from the elimination of existing and potential customers due to consolidation in the banking, retail and financial services industries and its impact on the Companies' customer bases; (vi) failure to adapt to changes in technology or in the marketplace; (vii) the failure to obtain approval of FIS's and Metavante's shareholders; (viii) delays associated with integrating the companies, including employees and operations, after the transaction is completed; (ix) actions that may be taken by the competitors, customers and suppliers of FIS or Metavante that may cause the transaction to be delayed or not completed; and (x) other risks detailed from time to time in the Form 10-K and other reports and filings made by FIS and Metavante with the Securities and Exchange Commission ("SEC") that are available on the SEC's web site located at http://www.sec.gov/, including the sections entitled "Risk Factors" in FIS's and Metavante's Form 10-K for the fiscal year ended December 31, 2008. Readers are strongly urged to read the full cautionary statements contained in those materials. We assume no obligation to update any forward-looking statements to reflect events that occur or circumstances that exist after the date on which they were made.
Additional Information and Where to Find It
In connection with the proposed transactions, FIS and Metavante will file relevant materials with the SEC, including a registration statement on Form S-4 that will include a joint proxy statement of FIS and Metavante that also constitutes a prospectus of FIS. FIS and Metavante will mail the final joint proxy statement/prospectus to their respective shareholders. Investors and security holders are urged to read these documents (if and when they become available) and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they will contain important information about FIS, Metavante and the proposed transactions.
Investors and security holders may obtain these documents (and any other documents filed by FIS or Metavante with the SEC) free of charge at the SEC's website at http://www.sec.gov/. In addition, the documents filed with the SEC by FIS may be obtained free of charge by directing such request to: Investor Relations, 601 Riverside Drive, Jacksonville, FL 32204, or from FIS' Investor Relations page on its corporate website at http://www.fidelityinfoservices.com/. The documents filed with the SEC by Metavante may be obtained free of charge by directing such request to: Investor Relations, 4900 West Brown Deer Road, Milwaukee, WI 53223 or from Metavante's Investor Relations page on its corporate website at http://www.metavante.com/.
Participants in the Solicitation
FIS, Metavante and their respective executive officers, directors and certain other members of management and employees may be deemed to be participants in the solicitation of proxies from the shareholders of Metavante and FIS in favor of the proposed transactions. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the shareholders in connection with the proposed transactions will be set forth in the joint proxy statement/prospectus when it is filed with the SEC. Information about the executive officers and directors of FIS and their ownership of FIS common stock is set forth in the proxy statement for FIS's 2008 Annual Meeting of Shareholders, which was filed with the SEC on April 15, 2008. Information about the executive officers and directors of Metavante and their ownership of Metavante common stock is set forth in the proxy statement for Metavante's 2008 Annual Meeting of Shareholders, which was filed with the SEC on April 11, 2008.
Fidelity National Information Services, Inc.
CONTACT: Mary K. Waggoner, Senior Vice President of Investor Relations, FIS, +1-904-854-3282, or Marcia Danzeisen, Senior Vice President Marketing and Corporate Communications, FIS, +1-904-854-5083; or Kirk Larsen, Treasurer and Vice President of Investor Relations of Metavante Corporation, +1-414-357-3553, or Chip Swearngan, Vice President, Corporate Communications, of Metavante Corporation, +1-414-357-3688
Web Site: http://www.fidelityinfoservices.com/ http://www.metavante.com/
Texas Instruments reaches one million mark in Puma 5 shipments, driving rapid DOCSIS(R) 3.0 service growth in worldwide cable market
WASHINGTON, April 1 /PRNewswire/ -- NCTA CABLE SHOW -- As the first silicon provider to enable cable manufacturers to achieve DOCSIS(R) 3.0 (Data Over Cable Service Interface Specification) certification through CableLabs(R) in North America, Texas Instruments Incorporated (TI) today announced that it has shipped more than one million Puma 5 DOCSIS 3.0-based products to cable manufacturers, a vast majority of which have helped MSOs (Multiple System Operator) deploy end-equipment in North America, Europe, Asia and South America. TI's flexible and scalable platform offers customers a quick and cost-effective path to developing a broad portfolio of differentiated data and voice cable modems, set-top box, gateway and video gateway products. TI's Puma 5 family supports a wide-range of DOCSIS 3.0 end-equipment that can deliver speeds up to 400 Mbps downstream. Additionally, TI provides customers with a cost-optimized, high-performance solution designed for mass market demands of up to 200 Mbps downstream, helping manufacturers get to market quickly in volume. For product details see: http://www.ti.com/puma5
"This milestone serves as resounding proof that the global cable industry has achieved sweeping success in deploying next-generation DOCSIS 3.0 products and services and is now rolling out these services in volume globally. Over the past two years, TI's customers have helped MSOs drive DOCSIS 3.0 deployments in every major region around the world, while continuing to enhance interoperability and gain valuable field experience," said Ran Senderovitz, TI's Digital Connected Home business manager. "Along with a robust ecosystem of wireless networking and tuner partners, TI's Puma 5 family of DOCSIS 3.0 products provide cable OEMs with a mature, high-volume, low-cost platform serving a wide range of products from data cable modems, EMTAs and residential gateways to innovative use cases such as the transport gateway."
"Microtune's wideband and narrowband RF products, paired with TI's advanced DOCSIS 3.0 solution, constitute critical enabling silicon technology that is helping to drive worldwide deployments of advanced DOCSIS/EuroDOCSIS 3.0 cable modems, gateways and interactive set-top boxes," said Albert (Bud) Taddiken, Microtune's Chief Operating Officer. "Our combined products enable manufacturers to develop certifiable, high-performance and cost-optimized consumer equipment, while building on flexible, scalable architectures that provide an efficient migration path to IP-based and commercial services. Microtune and TI have enjoyed a long-term successful collaboration in developing innovative cable solutions, and we are committed to further advance the state-of-the-art in the features, performance and cost efficiencies of our complementary, next-generation DOCSIS 3.0 products."
About TI's Puma 5 family of DOCSIS 3.0 Products
TI's Puma 5 family of chipsets has been developed with the cost and performance requirements of the most prevalent market segments in the cable industry in mind. Puma 5's configurable DOCSIS 3.0 subsystem can support as many as four upstream and up to eight downstream channels (8x4 or 4x4), or various combinations of DOCSIS and/or MPEG video channels.
-- TNETC4800 supports full-functionality EMTA applications, including a
battery backup subsystem
-- TNETC4810 is optimized for EMTA applications without a battery-backup
subsystem
-- TNETC4820 is an advanced STB and multimedia platform with extensive
home networking capabilities
-- TNETC4830 is an optimized data cable modem platform
-- TNETC4840 is a device that targets data and video applications that
require more than four downstream channels
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 design, sales and manufacturing operations in more than 30 countries. For more information, go to http://www.ti.com/.
Trademarks
All registered trademarks and other trademarks belong to their respective owners. DOCSIS and CableLabs are trademarks of Cable Television Laboratories, Inc.
Photo: http://www.newscom.com/cgi-bin/prnh/20010105/NEF016LOGO http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
Texas Instruments
CONTACT: Debbie Shemony of Texas Instruments, +1-301-515-6643, dshemony@ti.com; or Alex Tan of GolinHarris, +1-972-341-2533, atan@golinharris.com, for Texas Instruments
Web Site: http://www.ti.com/
WaferGen's Chief Scientific Officer to Deliver Executive Talk at Malaysian Ministry of Science, Technology and Innovation's PCR Conference
FREMONT, Calif., April 1 /PRNewswire-FirstCall/ -- WaferGen Biosystems, Inc. (BULLETIN BOARD: WGBS) , a leading developer of state-of-the-art genetic analysis systems, today announced that David Gelfand, Ph.D., chief scientific officer, will deliver an executive talk at the Malaysian Ministry of Science, Technology and Innovation's (MOSTI) biotechnology conference on polymerase chain reaction (PCR). The conference will be held April 2, 2009, at the Putrajaya International Convention Centre (PICC) in Putrajaya, Malaysia.
Dr. Gelfand's executive talk, which will serve as the conference's feature event, will focus on polymerase chain reaction (PCR) and highlight the history of the revolutionary technology. During his speech, Dr. Gelfand will also outline the latest PCR-related advances, as well as potential future PCR innovations, while also discussing the broad implications the technology has in the areas of genomics and oncology. Finally, Dr. Gelfand will provide an overview of WaferGen's SmartChip Real-Time PCR System, the world's first whole genome, high throughput gene expression real-time PCR platform.
Dr. Gelfand is widely considered one of the world's foremost experts on PCR and DNA sequencing and is credited as the inventor of Thermus aquaticus (Taq) DNA Polymerase for use in PCR.
About WaferGen
WaferGen Biosystems, Inc. is a leader in the development, manufacture and sale of state-of-the-art systems for genetic analysis for the life science and pharmaceutical industries. The company is actively developing its SmartChip(TM) product for the gene expression and genotyping markets. SmartChip is being developed as the first whole genome, high throughput gene expression real-time polymerase chain reaction (PCR) platform. This innovative system, combined with next-generation chemistry and optimized assays being developed by WaferGen, promises to deliver significant speed and cost advantages to researchers in the gene expression and genotyping markets. Based on collaborations established with leading research institutions, WaferGen believes that the SmartChip Real-Time PCR System is positioned as the platform of choice for biomarker discovery and validation. WaferGen currently markets its SmartSlide(TM) family of products to companies and organizations involved in stem cell and cell biology research. SmartSlide represents the first fluidics integrated micro-incubators enabling cell biology and stem cell research.
Forward-Looking Statements
This press release contains certain "forward-looking statements". Such statements include statements relating to the company's goals, plans and projections, anticipated results of research, performance, reliability and cost-effectiveness of the company's SmartChip and other systems, and other statements that are not historical facts, including statements which may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words.
Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the control of the company. Actual results may differ materially from the expectations contained in the forward-looking statements. Factors that may cause such differences include the risks that: (i) the company may be unsuccessful in commercially developing its products or in achieving market acceptance of new and relatively unproven technologies; (ii) the company will need to raise additional capital to meet its business requirements in the future and the company may not be able to do so on reasonable terms or at all; (iii) the company's proprietary intellectual property rights may not adequately protect its products and technologies; and (iv) the company expects intense competition in its target markets, including from companies that have much greater resources than the company, and there can be no assurance that the company will be able to compete effectively. More detailed information about the company and the risk factors that may affect the realization of forward-looking statements is set forth in the company's filings with the Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the year ended December 31, 2007, and its subsequent Quarterly Reports on Form 10-Q filed with the SEC. Investors and security holders are urged to read this document free of charge on the SEC's web site at http://www.sec.gov/. The company does not undertake to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
WaferGen Biosystems, Inc.
CONTACT: Media, Tim Brons of Vida Communication , On Behalf of WaferGen, +1-415-675-7400, tbrons@vidacommunication.com; or Investors, Peter Rahmer, San Francisco, CA, +1-646-378-2973, or Christine Yang, New York, NY, +1-646-378-2929, both of The Trout Group, for WaferGen
Environmental Tectonics Corporation Announces a 'Sectional' Solution to Sterilization Equipment Market
SOUTHAMPTON, Pa., April 1 /PRNewswire-FirstCall/ -- Environmental Tectonics Corporation (NYSE ALTERNEXT LLC: ETC) ("ETC" or the "Company") has been utilizing its extensive engineering skill to harness new and unique capabilities. One such innovation provides a unique solution to a growing problem. This involves the fabrication and installation of bulk size sterilizers in "Sections."
Research facilities, primarily located in old, ivy covered university buildings, as well as older Government facilities like the NIH (National Institutes of Health) face serious problems when attempting to replace large, bulk size sterilizers installed many years ago. These locations are simply no longer accessible without costly demolition of existing walls, which is expensive and disruptive to the over all operation of the facility. ETC has engineered the unique capability of manufacturing, delivering, and installing these large size sterilizers in modular segments, or "Sections." After taking careful measurements of the area and proposed route, these sections, either 2 or 3 depending on the situation, are carefully navigated through the existing facility. The sections travel through narrow corridors and doorways, into old, narrow elevators, and around corners to the final destination. The sections are then rigged into the existing footprint and welded together (no flanges or gaskets) to American Society of Mechanical Engineers (ASME) Code on site. Under ETC's unique approach, the customer's old bulk autoclave is replaced without knocking down facility walls, saving them time and money.
One of ETC's important customer contacts, Lindsay Barnes, a Director of Research for Johns Hopkins University, recently commented on the sectional units that ETC provided to the University. "I was skeptical at first, but as I personally watched the expertise of the ETC's manufacturing staff including their welders, my concerns immediately subsided. After operating this unit for four years, there was absolutely no hesitation when I decided to purchase a second unit for another renovation with similar spatial constraints."
John Bucar, Senior Technical Specialist at ETC for over 30 yrs, stated, "By utilizing our unique capabilities, ETC now solves problems and provides solutions that are simply not available from other sterilizer manufacturers."
Details on ETC's unique "Sectional" chamber option are available at http://www.etcsterilzation.com/.
ETC designs, develops, installs and maintains aircrew training systems (aeromedical, tactical combat and general), disaster management training systems and services, entertainment products, sterilizers (steam and gas), environmental testing products, hyperbaric chambers and related products for domestic and international customers.
This press release includes 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. These forward-looking statements are based on ETC's current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC and its subsidiaries that may cause 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.
These forward-looking statements include statements with respect to the Company's vision, mission, strategies, goals, beliefs, plans, objectives, expectations, anticipations, estimates, intentions, financial condition, results of operations, future performance and business of the company, including but not limited to, (i) the potential delisting of the Company's common stock from the American Stock Exchange as a result of the Company's failure to comply with the AMEX listing standards, (ii) the completion of additional financing transactions to support the Company's operation, (iii) projections of revenues, costs of materials, income or loss, earnings or loss per share, capital expenditures, growth prospects, dividends, capital structure, other financial items and the effects of currency fluctuations, (iv) statements of our plans and objectives of the Company or its management or Board of Directors, including the introduction of new products, or estimates or predictions of actions of customers, suppliers, competitors or regulatory authorities, (v) statements of future economic performance, (vi) statements of assumptions and other statements about the Company or its business, (vii) statements made about the possible outcomes of litigation involving the Company, and (viii) statements preceded by, followed by or that include the words, "may," "could," "should," "looking forward," "would," "believe," "expect," "anticipate," "estimate," "intend," "plan," or the negative of such terms or similar expressions. These forward-looking statements involve risks and uncertainties which are subject to change based on various important factors. Some of these risks and uncertainties, in whole or in part, are beyond the Company's control. Factors that might cause or contribute to such a material difference include, but are not limited to, those discussed in the Company's Annual Report on Form 10-K for the fiscal year ended February 29, 2008, in the section entitled "Risks Particular to Our Business." Shareholders are urged to review these risks carefully prior to making an investment in the Company's common stock.
The Company cautions that the foregoing list of important factors is not exclusive. Except as required by federal securities law, the Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.
CONTACT: Duane D. Deaner, CFO
Tel: 215-355-9100 (ext. 1203)
Fax, +1-215-357-4000
http://www.etcusa.com/
Environmental Tectonics Corporation
CONTACT: Duane D. Deaner, CFO of Environmental Tectonics Corporation, +1-215-355-9100, ext. 1203, Fax, +1-215-357-4000
Web Site: http://www.etcusa.com/
Qualcomm's Gobi Embedded 3G Module Enables Notebooks With Location-Based Services From Top Software Providers-- Microsoft, DeLorme and Absolute Software among Companies Leveraging GPS Capability of Gobi Module --
LAS VEGAS, April 1 /PRNewswire-FirstCall/ -- Qualcomm Incorporated , a leading developer and innovator of advanced wireless technologies, products and services, today announced that its Gobi(TM) embedded 3G module is enabling a wide range of location-based services on notebooks and mobile computers. Leading software companies - including Microsoft, DeLorme and Absolute(R) Software - are leveraging the ability of Qualcomm's Gobi module to bring GPS positioning capabilities to notebook computers, netbooks and mobile Internet devices.
"Leading OEMs now offer a wide range of notebooks and netbooks with Qualcomm's Gobi module for multi-mode mobile broadband connectivity and GPS," said Mike Concannon, senior vice president of connectivity for Qualcomm CDMA Technologies. "This provides a key opportunity for software companies to develop applications for notebooks that bring navigation and other location-aware services to consumers and businesses."
Applications leveraging the GPS capabilities of Qualcomm's Gobi module include products targeted for consumers and for enterprises, including:
-- From Microsoft: Streets & Trips travel and map software for
consumers; Mappoint business mapping and analysis software
-- From DeLorme - the innovation leader in mapmaking technology since
1976, and a pioneering GPS provider for more than 12 years - three
different options are available, all with up-to-date cartographic
detail, automatic routing, and high-end GIS capabilities:
-- Street Atlas USA for street-level navigation in the U.S. and
Canada, and four million places of interest
-- Topo USA for street-level data of the U.S. and Canada, four
million places of interest, and topographic maps with land use and
land cover detail
-- XMap for GIS mapping professionals and mobile workforces
-- From Absolute: Computrace(R) LoJack(R) for Laptops for computer theft
recovery; Computrace(R) Complete for persistent IT asset management,
real-time data security, geolocation and theft recovery capabilities.
Applications from Absolute and DeLorme will be on display in Qualcomm's booth #6945 in Central Hall at CTIA Wireless, April 1-3.
The recently announced Gobi2000(TM) module, expected to launch in commercial devices this summer, builds on the multi-mode broadband capabilities of the first-generation Gobi1000(TM) module to deliver enhanced positioning capabilities with Assisted-GPS (A-GPS) and gpsOneXTRA(TM) Assistance Technology, which delivers enhanced operation for standalone-GPS via assistance data when A-GPS is not available.
Qualcomm Incorporated is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a 2008 FORTUNE 500(R) company. For more information, please visit http://www.qualcomm.com/.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 28, 2008, and most recent Form 10-Q.
Qualcomm is a registered trademark of Qualcomm Incorporated. Gobi, Gobi1000 and Gobi2000 are trademarks of Qualcomm Incorporated. Absolute and Computrace are registered trademarks of Absolute Software Corporation. LoJack is a registered trademark of LoJack Corporation, used under license by Absolute Software Corp. LoJack Corporation is not responsible for any content herein. CDMA2000 is a registered trademark of the Telecommunications Industry Association (TIA USA). All other trademarks are the property of their respective owners.
Nothing in these materials is an offer to sell any of the parts referenced herein. These materials may reference and/or show images of parts and/or devices utilizing parts whose manufacture, use, sale, offer for sale, or importation into the United States are subject to certain injunctions against Qualcomm. These materials are intended solely to provide information for those products and uses of products that are outside the scope of the injunctions. Any device utilizing 1x-EVDO parts must utilize Qualcomm's hybrid mode alternative solution.
Qualcomm Contacts:
Carla Vallone, Qualcomm CDMA Technologies
Phone: 1-858-651-8557
Email: qctpublicrelations@qualcomm.com
Emily Kilpatrick, Corporate Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
John Gilbert, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
Qualcomm Incorporated
CONTACT: Carla Vallone, Qualcomm CDMA Technologies, +1-858-651-8557, qctpublicrelations@qualcomm.com, or Emily Kilpatrick, Corporate Communications, +1-858-845-5959, corpcomm@qualcomm.com, or John Gilbert, Investor Relations, +1-858-658-4813, ir@qualcomm.com, all of Qualcomm Incorporated
Web Site: http://www.qualcomm.com/
FLO TV Drives Momentum for Live Mobile TV- Company Expands Live Mobile TV Service for 10 Million Consumers -
SAN DIEGO, April 1 /PRNewswire-FirstCall/ -- FLO TV Incorporated, provider of the award-winning FLO TV(TM) live mobile TV service and a wholly owned subsidiary of Qualcomm Incorporated , today announced the expansion of its service in 19 markets around the country. The expansion extends FLO TV's coverage for more than 10 million potential new viewers ahead of the June 12 final date for the DTV transition and is a precursor to FLO TV's nationwide expansion to reach more than 200 million consumers in 100 U.S. markets by the end of 2009.
Following this most recent growth phase, FLO TV's service now covers previously unserved portions of 16 existing markets and provides coverage for the first time in three new markets: Atlantic City, N.J.; Greensboro, N.C. and Wilmington, Del. The expansion is the result of approvals obtained from the Federal Communications Commission (FCC) ahead of the DTV transition.
"FLO TV's best-in-class, live mobile TV service has taken a significant step toward reaching our goal of nationwide coverage," said Bill Stone, president of FLO TV. "FLO TV is at the forefront of the mobile TV revolution, and we will continue to drive the growth of the category."
Existing service markets that are receiving enhanced coverage include:
Austin, Texas; Baltimore/Washington, D.C.; Chicago; Dallas; Jacksonville, Fla.; Kansas City, Mo.; the greater Los Angeles area; New York City; Oklahoma City; Orlando, Fla.; Phoenix; Pittsburgh; Portland, Ore.; Reading, Pa.; San Antonio and St. Louis.
In addition to market expansion, FLO TV also continues to expand its service with the availability of tools and support for OEMs to integrate FLO TV on Windows Mobile(TM) platforms.
Consumers are Watching More Mobile TV
Underscoring the momentum for mobile television, industry analysts have projected that mobile TV viewership in North America will grow from an estimated 12.7 million users in 2009 to more than 93 million users by 2013. These findings align with survey results issued today by Harris Interactive and FLO TV demonstrating that U.S. consumers currently watching mobile TV are 43 percent more likely to watch on a cell phone today than they were the previous year. The survey, which queried more than 2,000 adults, yielded other key findings reflecting consumers' interest in mobile TV:
-- 62 percent said they watch, or would watch, mobile TV while traveling
-- 41 percent say they watch, or would watch, while commuting between
home and work
-- 45 percent of respondents who watch, or would watch, mobile TV do so
because they want to be entertained
The appeal of FLO TV's live programming is illustrated by a consistent pattern of increased viewership and consumer demand for major sporting and significant news events. On the first day of the 2009 men's college basketball programming, FLO TV experienced a 48 percent increase in the average minutes per user from the month before, and basketball programming captured nearly 40 percent of the viewing minutes for that day. FLO TV also experienced viewership increases of 80 percent or more during the Presidential inauguration, the 2008 summer Olympics and the most recent U.S. Open golf championship.
FLO TV is available to AT&T subscribers as AT&T Mobile TV and to Verizon Wireless customers as V CAST Mobile TV in 68 markets nationwide. To learn more about FLO TV, please visit http://www.flotv.com/.
All programming on FLO TV is subject to change.
About FLO TV Incorporated
The FLO TV service combines the best content, an intuitive user interface and a superior multicast network to deliver a true quality TV viewing experience for consumers. FLO TV offers full-length simulcast and time-shifted programming from the world's best entertainment brands, including CBS, CBS College Sports, CBS News, CNBC, Comedy Central, ESPN, FOX, FOX News, FOX Sports, MSNBC, MTV, NBC, NBC2Go, NBC News, NBC Sports, Nickelodeon and NickToons. Based in San Diego, Calif., FLO TV Incorporated is a wholly owned subsidiary of Qualcomm Incorporated. Further information is available at http://www.flotv.com/.
Qualcomm is a registered trademark of Qualcomm Incorporated. FLO and FLO TV are trademarks of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
Qualcomm Contacts:
Melinda Hutcheon, FLO TV, Inc.
Phone: 1-858-651-7334
Email: melindah@flotv.com
Emily Kilpatrick, Corporate Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
John Gilbert, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
FLO TV Incorporated
CONTACT: Melinda Hutcheon, FLO TV Incorporated, +1-858-651-7334, melindah@flotv.com, or Emily Kilpatrick, Corporate Communications, +1-858-845-5959, corpcomm@qualcomm.com, or John Gilbert, Investor Relations, +1-858-658-4813, ir@qualcomm.com, all of FLO TV Incorporated.
Web Site: http://www.flotv.com/
Polaris Acquisition Corp. Announces Shareholder Approval and Closing of Merger With HUGHES Telematics, Inc.Combined entity to be known as HUGHES Telematics; Ticker symbol to change to HTC
NEW YORK, April 1 /PRNewswire-FirstCall/ -- Polaris Acquisition Corp. announced that late yesterday afternoon it received shareholder approval and completed its merger with HUGHES Telematics, Inc. In connection with the merger, Polaris was renamed HUGHES Telematics, Inc. In addition, the securities which historically traded on the NYSE Amex under the symbol TKP will trade under the symbol HTC.
The other proposals included in Polaris' definitive proxy statement and put to a vote at the special meeting were also approved. Holders of approximately 70.1% of Polaris' shares issued in its initial public offering approved the merger, and holders of 29.9% of Polaris' shares issued in its initial public offering voted against the merger and elected to convert their shares for a pro-rata portion of Polaris' trust funds. In addition, as contemplated by the amended merger agreement between the parties, approximately $72 million was spent by Polaris and HUGHES Telematics in share purchases from then Polaris shareholders.
About Hughes Telematics
HUGHES Telematics (NYSE Amex: HTC) is a leader in implementing the next generation of connected services for the automobile. Centered on a core platform of safety and security offerings, the company develops and manages vehicle- and driver-centric solutions to enhance the driving and ownership experience. Headquartered in Atlanta, Ga., HUGHES Telematics offers a portfolio of consumer, manufacturer, fleet and dealer services provided through two-way connectivity to the vehicle. Networkfleet, Inc., a wholly owned subsidiary of HUGHES Telematics located in San Diego, California, offers remote vehicle diagnostics, an integrated GPS tracking and emissions monitoring system for wireless fleet vehicle management. Additional information about HUGHES Telematics can be found at http://www.hughestelematics.com/.
HUGHES Telematics
CONTACT: Scott Merritt, Office, +1-770-649-0880, Ext 302, Mobile, +1-770-778-4786, smerritt@brandwaregroup.com, for HUGHES Telematics
Web Site: http://www.hughestelematics.com/
Numerex Creates M2M Developer Exchange(TM)Exchange provides powerful complementary tools to the Numerex Foundation Technology (Numerex FAST(TM)) to efficiently enable M2M application developers
ATLANTA, April 1 /PRNewswire-FirstCall/ -- Numerex Corp. , a leading single-source provider of secure wireless machine-to-machine (M2M) solutions, announces the launch of its new M2M Developer Exchange(TM) to foster better ongoing information exchange among the M2M development community. The Exchange includes Numerex Developer Forums where M2M market participants can get quick answers to technical problems and gain industry insight on a variety of topics.
The Numerex Foundation Application Software Technology, or Numerex FAST(TM), already offers M2M developers a versatile platform where new applications can be quickly designed, built up and deployed, while existing applications can be supported with hosting and custom device interface. Numerex FAST is a critical component of Numerex DNA(TM), Numerex's range of M2M products and solutions, which includes enabling services to facilitate the entire M2M experience.
"Behind an effective M2M deployment, there is a core engine comprised of a device, network and application," said Stratton Nicolaides, CEO of Numerex. "Bundled Numerex DNA offerings combine these components into an efficient end-to-end solution that helps early-stage developers bring wireless M2M projects to life and to market quickly, simply and securely. The Numerex M2M Developer Exchange aims at providing the M2M development community with an avenue to understand and fully exploit the Numerex DNA potential, and beyond, to encourage M2M creativity in general."
The Numerex M2M Development Exchange also synchronizes with other enabling tools already available to Numerex customers such as the access portals for flexible mobile account management and the online technical web support site, where customers can download the latest hardware spec sheets and product catalogs, and submit tech support requests for online assistance. The Exchange is integral to Numerex's simplification and enablement strategy of ensuring that, throughout the M2M value chain, Numerex customers, from distributors to VAR's and OEM's, receive the attention and information needed to rapidly deploy and easily manage compelling and cost-effective solutions. Developers are encouraged to visit the Numerex Developer Exchange at http://dev.numerex.com/ and the Numerex Developer Forums at http://dev.numerex.com/forums. For more information on Numerex DNA, please visit http://www.numerexdna.com/.
About Numerex
Numerex Corp. is the machine-to-machine (M2M) provider of choice to some of the world's largest organizations delivering secure, all-around solutions through a single source. The Company's M2M expertise enables its customers to efficiently, reliably, and securely monitor and manage assets remotely whenever and wherever needed, while simplifying and speeding up development and deployment. Numerex is the first M2M service provider in North America to carry the ISO 27001 information security certification. Numerex DNA(TM) offerings include hardware Devices, Network services, and software Applications offered as individual components or as bundled services. At Numerex, "Machines Trust Us(TM)". For additional information, please visit http://www.numerex.com/.
"Statements contained in this press release concerning Numerex that are not historical fact are "forward-looking" statements and involve important risks and uncertainties. Such risks and uncertainties, which are detailed in Numerex's filings with the Securities and Exchange Commission, could cause Numerex's results to differ materially from current expectations as expressed in this press release. These forward-looking statements speak only as of the date of this press release, and Numerex assumes no duty to upgrade forward-looking statements."
Numerex Corp. Contact:
Mike Lang
770 485-2568
Investor Relations Contact:
Seth Potter
646 277-1230
Numerex Corp.
CONTACT: Mike Lang of Numerex Corp., +1-770-485-2568; or Seth Potter, Investor Relations Contact for Numerex Corp., +1-646-277-1230
Web Site: http://www.numerex.com/ http://dev.numerex.com/ http://dev.numerex.com/forums http://www.numerexdna.com/
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