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China GrenTech Corporation Limited Announces Fourth Quarter and Fiscal Year 2008 Financial Results
SHENZHEN, China, April 14 /PRNewswire-Asia-FirstCall/ -- China GrenTech Corporation Limited (Nasdaq: GRRF, "the Company," or "GrenTech"), a leading China-based radio frequency ("RF") technology and product developer and a leading wireless coverage products and services provider, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2008.
Fourth Quarter 2008 Highlights
-- Total revenue increased by 9.0% year-over-year to RMB514.4 million
(US$75.4 million)(1).
- Revenue from wireless coverage products and services decreased by
10.1% year-over-year to RMB397.7 million (US$58.3 million).
- Revenue from base station RF products tripled as compared to the
fourth quarter of 2007, and reached RMB116.8 million (US$17.1
million).
-- Gross profit decreased by 47.6% year-over-year to RMB86.4 million
(US$12.7 million).
-- Operating loss was RMB63.9 million (US$9.4 million), compared to an
operating profit of RMB91.3 million in the fourth quarter of 2007.
-- Net loss was RMB51.8 million (US$7.6 million), compared to a net income
of RMB78.1 million in the corresponding period in 2007.
-- Diluted loss per ADS(2) was RMB2.14 (US$0.31), compared to diluted
earnings per ADS of RMB3.13 in the fourth quarter of 2007.
Fiscal Year 2008 Highlights
-- Total revenue increased by 0.5% year-over-year to RMB984.7 million
(US$144.3 million).
- Revenue from wireless coverage products and services decreased by
5.3% year-over-year to RMB763.1 million (US$111.8 million).
- Revenue from base station RF products increased by 27.7%
year-over-year to RMB221.6 million (US$32.5 million).
-- Gross profit decreased by 36.6% year-over-year to RMB233.3 million
(US$34.2 million).
-- Operating loss was RMB102.5 million (US$15.0 million), compared to
operating profit of RMB116.0 million in 2007.
-- Net loss was RMB118.8 million (US$17.4 million), compared to net income
of RMB82.5 million in 2007.
-- Diluted loss per ADS was RMB4.87 (US$0.71), compared to diluted
earnings per ADS of RMB3.30 in 2007.
(1) The Company's reporting currency is Renminbi (''RMB''). The
translation of amounts from RMB to U.S. Dollars is solely for the
convenience of the reader. RMB numbers included in this press release
have been translated into U.S. Dollars at the noon buying rate for U.S.
Dollars in effect on December 31, 2008 in the City of New York for
cable transfers in RMB per U.S. Dollar as certified for customs
purposes by the Federal Reserve Bank of New York, which was
US$1.00=RMB6.8225. No representation is made that RMB amounts could
have been, or could be, converted into U.S. Dollars at that rate or at
any other rate on December 31, 2008, or at any other date.
(2) Each ADS represents 25 of our ordinary shares.
Mr. Yingjie Gao, Chairman and Chief Executive Officer of GrenTech, said, "In 2008, we met both challenges and opportunities. We benefited from the tremendous opportunities brought by the completion of the restructuring of China's telecommunications operators and renewed network construction projects. These were, however, offset by challenges from uncertainties that arose during the restructuring process earlier in the year and the disruption of network construction projects during the Beijing Olympic Games.
"As announced last quarter, we committed to a set of strategic and operational initiatives to strengthen our cash flow position and work toward achieving long-term profitability. So far, results have been encouraging. We made improving cash flow position a priority in 2008. We increased the scrutiny of our order selection process and our settlement term improved significantly after the implementation of centralized procurement policies by our major operator customers. As a result, the collection of payments in 2008 increased by RMB276.8 million (US$40.6 million), or 34.9%, as compared to 2007 and accounts receivable came down by RMB35.9 million, resulting in an improved operating cash flow position. We made a provision for a settlement discount of RMB24.4 million as of December 31, 2008, which we offered to certain of our customers in order to accelerate collection of aged accounts receivable. Although these activities have slowed our revenue and profit in the short-term, the resulting accounts receivable and the operating cash flow improvement will strengthen our balance sheet over the long-term.
"We also divested two subsidiaries in Quanzhou to improve short-term liquidity and streamline the manufacturing process. We wrote-off RMB43.6 million (US$6.4 million) of bad debt incurred from wireless equipment sales to non-operator customers. We made a one-time provision of RMB42.0 million (US$6.2 million) for inventory that is no longer suitable for future network construction, due to rapid advancement in wireless coverage technology and the rollout of large-scale 3G network construction. This write-off is necessary so that we can align our stock with market demands, and capitalize on the growing network construction opportunities. Finally, we cut administration expenses by reducing our senior management team from eight to five positions and streamlining middle management.
"We strengthened our RF business development and made breakthroughs in key customer accounts in 2008. We boosted sales to certain leading domestic base station manufacturers, became a qualified supplier for two leading global base station manufacturers, and commenced bulk supply for one of these global base station manufacturers. The RF business contributed 22.5% of our revenue in 2008, as compared to 17.7% in 2007.
"While we are actively pursuing the opportunities presented by the resumption of network construction and expect strong top-line growth in the coming quarters, in light of global financial crises and softened economic conditions, we will continue to prepare for the possibility of further disruptions by continuing our focus on improving our customer mix, streamlining our cost base and operations, and strengthening our balance sheet. We believe the measures that we have implemented will effectively sharpen our competitive edge and enhance our ability to capture future 3G network construction opportunities. Most importantly, we are committed to steadily strengthening our cash flow position as we move toward profitability in the long-term," concluded Mr. Gao.
Financial Analysis for the Fourth Quarter and Fiscal Year 2008
Revenue
Revenue for the fourth quarter of 2008 increased RMB42.7 million (US$6.3 million), or 9.0%, to RMB514.4 million (US$75.4 million) from RMB471.8 million in the fourth quarter of 2007. The primary driver was the telecommunications operator spending growth following the completion of the industry restructuring in the fourth quarter. China Telecom commenced CDMA equipment bidding immediately after the restructuring plan was announced, and China Mobile followed by opening the bid for its TD-SCDMA phase II network construction. Accelerated network expansion led to greater base station equipment demand and thus increased the Company's sales from domestic base station manufacturers. As a result, fourth quarter of 2008 revenue from base station RF products tripled over the fourth quarter of 2007. Fourth quarter 2008 revenue from wireless coverage products and services decreased by 10.1% year-over-year, which was mainly due to the disruption of network construction projects during the Beijing Olympic Games and the operator restructuring process; the Company's initiatives to attract higher quality orders also caused a decrease in its fourth quarter sales volume in the wireless coverage business.
Total fiscal year 2008 revenue was roughly in line with 2007 revenue; the 0.5% increase was the result of a 27.7% year-over-year RF revenue increase and a 5.3% year-over-year wireless coverage revenue decrease.
Revenue breakdown:
2007 2008
Q4 FY Q4 FY
% of
RMB'000 RMB'000 RMB'000 US$'000 RMB'000 US$'000 Revenue
Wireless Coverage Products & Service
China Mobile 201,749 317,735 171,523 25,141 390,266 57,203 39.6 %
China Unicom 230,699 377,785 136,180 19,960 244,455 35,831 24.8 %
China
Telecom 3,374 49,636 64,235 9,415 75,440 11,058 7.7 %
China Netcom 1,550 20,515 0 0 5,105 748 0.5 %
Overseas 269 11,591 3,300 484 8,128 1,191 0.8 %
Non-operators 4,677 28,495 22,431 3,288 39,697 5,818 4.1 %
Subtotal 442,318 805,757 397,669 58,288 763,091 111,849 77.5 %
RF Products
OEMs 29,460 173,545 116,780 17,117 221,566 32,476 22.5 %
Total 471,778 979,302 514,449 75,405 984,657 144,325 100.0 %
Cost of Revenues and Gross Profit
The cost of revenue for the fourth quarter of 2008 increased by RMB121.0 million, or 39.4%, to RMB428.1 million (US$62.7 million) from RMB307.1 million in the fourth quarter of 2007.
The cost of revenue for fiscal year 2008 increased by RMB139.9 million, or 22.9%, to RMB751.4 million (US$110.1 million) from RMB611.4 million in 2007.
The increase in cost of revenues was driven primarily by the increased sales volume. In addition, the management has made a one-time write-off of RMB42.0 million (US$6.2 million) for inventory in 2008, which was charged to cost of revenues.
Gross margin decreased from 37.6% in 2007 to 23.7% in 2008. The decrease in gross margin was mainly due to the inventory provision, declining wireless coverage equipment average selling price and the increased revenue contribution from RF base station products, which have a lower gross margin. Excluding the RMB42.0 million inventory provision, the Company's gross margin in 2008 would have been 28.0%.
Gross profit for the fourth quarter of 2008 decreased by RMB78.3 million, or 47.6%, to RMB86.4 million (US$12.7 million) from RMB164.7 million in the fourth quarter of 2007.
Gross profit for fiscal year 2008 decreased by RMB134.6 million, or 36.6%, to RMB233.3 million (US$34.2 million) from RMB367.9 million in 2007.
Operating Expenses
Total operating expenses for the fourth quarter of 2008 increased by RMB76.9 million, or 104.8%, to RMB150.3 million (US$22.0 million) from RMB73.4 million in the fourth quarter of 2007.
Total operating expenses for fiscal year 2008 increased by RMB83.9 million, or 33.3%, from RMB251.8 million in 2007 to RMB335.8 million (US$49.2 million).
Research and development costs for the fourth quarter of 2008 increased 37.6% to RMB21.6 million (US$3.2 million) from RMB15.7 million in the fourth quarter of 2007.
Research and development costs for fiscal year 2008 increased 24.2% to RMB70.2 million (US$10.3 million) from RMB56.5 million in 2007. The year-over-year increase was mainly due to development initiatives for base station models and 3G wireless coverage products. In 2008, the Company filed a total of 235 technology and product patent applications in China. To date, the Company has developed a number of TD-SCDMA and WCDMA trunk amplifiers and repeaters, and has commenced bulk supply of Radio Remote Unit (RRU) products to one of the key domestic base station manufacturers. In the base station RF module segment, the Company developed RF modules for two leading global base station manufacturers, and has commenced trial supply for one of them. R&D costs accounted for 7.1% of total revenue in 2008, which represents a 1.4% year-over-year increase.
Sales and distribution expenses for the fourth quarter of 2008 increased 58.5% to RMB51.9 million (US$7.6 million) from RMB32.7 million in the fourth quarter of 2007.
Sales and distribution expenses for fiscal year 2008 increased 9.2% to RMB138.5 million (US$20.3 million) from RMB126.8 million in 2007. This was due to increased wireless coverage business travel and communications expenses as telecommunications operators revitalized investments in the fourth quarter 2008. Sales and distribution expenses accounted for 14.1% of total revenue in 2008, as compared to 12.9% in 2007.
General and administrative expenses for the fourth quarter of 2008 increased 207.7% to RMB76.8 million (US$11.3 million) from RMB25.0 million in the fourth quarter of 2007.
General and administrative expenses for fiscal year 2008 increased 85.4% to RMB127.0 million (US$18.6 million) from RMB68.5 million in 2007. The year-over-year increase was mainly attributable to the write-off of RMB43.6 million (US$6.4 million) of bad debt incurred from wireless equipment sales to non-operators. In addition, costs for stock option issuance and expenses associated with the Company's new Sarbanes-Oxley compliance system each added RMB3.2 million (US$0.5 million) to the general and administrative expenses. General and administrative expenses accounted for 12.9% of total revenue in 2008, as compared to 7.0% in 2007.
Total Other Expenses/Income
Total other income for the fourth quarter of 2008 was RMB22.3 million (US$3.3 million), compared to total other expenses of RMB4.6 million in the same period last year. This change is due to an increased amount of grant income from government subsidies and a gain from the disposal of two subsidiaries.
Total other expenses for fiscal year 2008 decreased by 42.4% to RMB13.9 million (US$2.0 million) from RMB24.2 million in 2007. This year-over-year decrease is primarily due to increased interest income and grant income, a gain from the disposal of two subsidiaries and the decrease of foreign currency exchange loss, these factors were partially offset by an increase in interest expense.
Interest income for the fourth quarter of 2008 increased by 6.3% to RMB16.5 million (US$2.4 million) from RMB15.6 million in the fourth quarter of 2007.
Interest income for fiscal year 2008 increased by 40.1% to RMB31.3 million (US$4.6 million) from RMB22.3 million in 2007. The increase interest primarily arose from the amortization of discounted income from prior years' accounts receivable.
Interest expense for the fourth quarter of 2008 decreased by 14.6% to RMB12.3 million (US$1.8 million) from RMB14.4 million in the fourth quarter of 2007.
Interest expense for fiscal year 2008 increased by 55.2% to RMB54.8 million (US$8.0 million) from RMB35.3 million in 2007, primarily due to an increased average bank loans balance and an increase in the effective interest rate.
The foreign currency exchange gain for the fourth quarter of 2008 was RMB0.5 million (US$0.1 million), compared to a foreign currency exchange loss of RMB8.7 million in the fourth quarter of 2007, primarily due to the slight depreciation of the RMB to U.S. dollar exchange compared to the fourth quarter of 2007.
The foreign currency exchange loss for fiscal year 2008 decreased by 44.6% to RMB10.4 million (US$1.5 million) from RMB18.8 million in 2007, primarily due to the lower foreign currency deposit and less appreciation of the RMB to U.S. dollar exchange rate compared to 2007.
Grant income from government subsidies for the fourth quarter of 2008 increased by RMB10.1 million to RMB13.0 million (US$1.9 million) from RMB2.9 million in 2007.
Grant income for fiscal year 2008 increased by RMB7.9 million to RMB15.2 million (US$2.2 million) from RMB7.4 million in 2007. This increase was the result of additional projects for which the Company received government grants in 2008 compared to 2007.
Earnings
The fourth quarter 2008 operating loss was RMB63.9 million (US$9.4 million), as compared to an operating profit of RMB91.3 million in the fourth quarter of 2007.
Operating loss for fiscal year 2008 was RMB102.5 million (US$15.0 million), as compared to an operating profit of RMB116.0 million in 2007.
Net loss for the fourth quarter of 2008 was RMB51.8 million (US$7.6 million), as compared to a net income of RMB78.1 million in the fourth quarter of 2007.
Net loss for fiscal year 2008 was RMB118.8 million (US$17.4 million), as compared to a net income of RMB82.5 million in 2007.
Diluted loss per ADS for the fourth quarter of 2008 was RMB2.14 (US$0.31), as compared to diluted earnings per ADS for the fourth quarter of 2007 of RMB3.13.
Diluted loss per ADS for fiscal year 2008 was RMB4.87 (US$0.71), as compared to diluted earnings per ADS for fiscal year 2007 of RMB3.30.
Balance Sheet
Cash and cash equivalents and pledged time deposits as of December 31, 2008 decreased by RMB160.8 million, or 27.9%, to RMB415.7 million (US$60.9 million) from RMB576.6 million as of December 31, 2007, mainly attributable to higher cash outlays for raw material purchases, as well as increased operating expenses, R&D expenses and construction expenses for the manufacturing and research facility.
Total accounts receivable as of December 31, 2008 decreased by RMB35.9 million, or 2.7%, to RMB1.279 billion (US$187.5 million) from RMB1.315 billion as of December 31, 2007. This decrease was mainly attributable to the Company's efforts to obtain sales orders from higher quality customers and initiatives to improve collection time.
Inventories as of December 31, 2008 decreased by RMB21.5 million, or 4.0%, to RMB520.6 million (US$76.3 million) from RMB542.1 million as of December 31, 2007.
Total assets as of December 31, 2008 decreased by RMB130.7 million, or 4.4%, to RMB2.867 billion (US$420.2 million) from RMB2.997 billion as of December 31, 2007. The decrease was mainly due to the write-off of uncollectible accounts receivable and inventories that were considered obsolete.
Total liabilities as of December 31, 2008 were RMB1.401 billion (US$205.4 million), which was in line with RMB1.405 billion as of December 31, 2007. Current liabilities as of December 31, 2008 increased by RMB17.5 million, or 1.4%, to RMB1.267 billion (US$185.7 million) from RMB1.249 billion as of December 31, 2007, primarily due to a long-term bank loan in the amount of RMB20 million that will be due in 2009 and thus became a portion of current liabilities in the fourth quarter of 2008.
Business Outlook
Wireless Coverage Products and Services
While the Chinese government's economic stimulus plan accelerated large scale 3G network construction projects, the management believes that the continued and increasing 3G network investments by China's leading telecommunications operators will present the Company with new market opportunities. At the same time, management believes that the 2G network will remain a key income source for operators in the near term. Under the new competitive landscape created by the restructuring, the three operators must also continue to improve network quality, investing in 2G networks to remain competitive. With its leading market position, management plans to vigorously develop 3G network coverage products in order to increase its 3G market share, while maintaining market share in the traditional 2G market. At the same time, management will continue to evolve its revenue mix to increase contribution from integration and maintenance services to offset the impact of declining equipment prices, and therefore drive further growth and profitability in 2009 and beyond.
Base Station RF Products
As operators accelerate large-scale 3G network construction, base station demand has strengthened. During the WCDMA and CDMA network construction projects, the Company's two key customers, which are leading base station manufacturers in China, have picked up substantial market share for base station products. As their major supplier for the WCDMA and CDMA modules, GrenTech believes it will benefit from their rapid business growth.
With respect to the development of international customers, GrenTech is now a qualified supplier for two leading global base station manufacturers and has commenced bulk supply for one of them, and provided trial supply to the other. Management believes that revenue from overseas customers will increase considerably over the medium-term.
Guidance for First Quarter 2009
Management estimates that revenue for the first quarter of 2009 will range between RMB280 million and RMB310 million.
Conference Call and Webcast
Following the earnings announcement, GrenTech senior management will host a conference call at 8:00 am (Eastern) / 5:00 am (Pacific) / 8:00 pm (Beijing/Hong Kong) on Wednesday, April 15, 2009 to discuss its 2008 fourth quarter and full year financial results and recent business activity. To access the live teleconference, please dial 1-866-713-8563 (U.S.), 800-96-3844 (Hong Kong) or 1-617-597-5311 (International), and enter the passcode GRENTECHCALL. Please dial in approximately 10 minutes before the scheduled time of the call.
A replay of the conference call will be available through 10:00 am, Wednesday, April 22, 2009 (Eastern) by dialing 1-888-286-8010 or 1-617-801- 6888 and entering the passcode: 75499595.
A webcast replay of the conference call will be available on the investor relations page of GrenTech's website at http://www.grentech.com.cn/en/Earnings_Announcements.asp .
About GrenTech
GrenTech is a leading developer of radio frequency ("RF") technology in China and a leading provider of wireless coverage products and services in China. The Company uses RF technology to design and manufacture wireless coverage products, which enable telecommunication operators to expand the reach of their wireless communication networks to indoor and outdoor areas, such as buildings, highways, railways, tunnels and remote regions. GrenTech's wireless coverage services include design, installation and project warranty services. The Company also tailors the design and configuration of its wireless coverage products to the specific requirements of its customers.
Based on its in-house RF technology platform, the Company also develops and produces base station RF parts and components sold to base station manufacturers. GrenTech is a qualified supplier of RF parts and components to the global and domestic major base station manufacturers including Huawei Technologies and ZTE Corporation. For more information, please visit http://www.grentech.com.cn/ .
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements contained in this press release that are not historical facts are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including financial projections and forecasts, involve risks and uncertainties that could cause the Company's actual results to differ materially from its current expectations. Factors that could cause the Company's results to differ materially from those set forth in these forward-looking statements include: the Company's reliance on business relationships with the Chinese telecom operators and base station manufacturers; the risk that the Company will continue to experience downward pressure on the pricing of its products and services due to the telecom operators' bidding policies or other factors; the risk that the telecom operators in China will not expand or maintain their spending on 2G, 3G, WLAN or other network projects; uncertainty as to the future demand for base station RF products by domestic or international base station manufacturers, including the risk that demand in China or elsewhere for base stations may not grow as the Company's management anticipates; risks associated with large accounts receivable, long collection periods and accounts receivable cycles; fierce competition in the wireless communication industry; growth of, and risks inherent in, the wireless communication industry in China, including uncertainties regarding the timing and nature of any future restructuring of the telecom operators in China and the risks that such restructuring will not result in expanded investments to expand network coverage or quality; uncertainty as to future profitability and the Company's ability to obtain adequate financing for its planned capital expenditure requirements; its reliance on third parties to carry out the installation of its wireless coverage products; uncertainty as to its ability to continuously develop and manufacture new RF technologies and keep up with changes in RF technologies; risks associated with possible defects and errors in its wireless coverage products or RF products; uncertainty as to the Company's ability to protect and enforce its intellectual property rights; and uncertainty as to the Company's ability to attract and retain qualified executives and personnel, particularly in its research and development department. Other factors that may causes the Company's actual results to differ from those set forth in the forward-looking statements contained in this press release and that may affect its prospects in general are described in the Company's filings with the Securities and Exchange Commission, including its Registration Statement on Form F-1 related to its initial public offering and its annual reports on Form 20-F. The Company undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or changed assumptions or circumstances.
China GrenTech Corporation Limited and subsidiaries
Unaudited Condensed Consolidated Balance Sheets
As of December 31, 2007 and 2008
(RMB and US$ expressed in thousands, except share and per share data)
December December December
31, 2007 31, 2008 31, 2008
RMB RMB US$
Assets
Cash and cash equivalents 316,778 293,353 42,998
Pledged time deposits 259,786 122,368 17,936
Accounts receivable, net 925,838 728,260 106,744
Inventories 542,094 520,619 76,309
Other current assets 63,195 115,066 16,866
Total current assets 2,107,691 1,779,666 260,853
Long-term accounts receivable 389,505 551,210 80,793
Other non-current assets 500,103 535,683 78,517
Total assets 2,997,299 2,866,559 420,163
Liabilities and shareholders' equity
Short-term bank loans 456,050 480,207 70,386
Other current liabilities 793,031 786,410 115,266
Total current liabilities 1,249,081 1,266,617 185,652
Long-term debt 150,000 130,000 19,055
Other non-current liabilities 5,938 4,752 697
Total liabilities 1,405,019 1,401,369 205,404
Minority interest 5,763 4,354 638
Total shareholders' equity 1,586,517 1,460,836 214,121
Total liabilities and shareholders'
equity 2,997,299 2,866,559 420,163
China GrenTech Corporation Limited and subsidiaries
Unaudited Condensed Consolidated Statements of Income
For Three-month Periods and Years Ended December 31, 2007 and 2008
(RMB and US$ expressed in thousands, except share and per share data)
For Three Months Ended December 31,
2007 2008 2008
RMB RMB US$
Revenues 471,778 514,449 75,405
Cost of revenues (307,124) (428,096) (62,748)
Gross profit 164,654 86,353 12,657
Research and development costs (15,712) (21,612) (3,168)
Sales and distribution expenses (32,727) (51,859) (7,601)
General and administrative expenses (24,965) (76,829) (11,261)
Total operating expenses (73,404) (150,300) (22,030)
Operating income/(loss) 91,250 (63,947) (9,373)
Interest income 15,556 16,539 2,424
Interest expense (14,362) (12,263) (1,797)
Investment income -- 4,577 671
Foreign currency exchange
gain/(loss) (8,693) 489 72
Grant income 2,925 12,978 1,902
Total other expense/(income) (4,574) 22,320 3,272
Income tax expense (8,586) (10,289) (1,509)
Income/(loss) before minority
interests 78,090 (51,916) (7,610)
Net income/(loss) 78,052 (51,775) (7,588)
Net income/(loss) per share:
- Basic 0.13 (0.09) (0.01)
- Diluted 0.13 (0.09) (0.01)
Weighted average number of ordinary
shares:
- Basic 623,499,408 605,773,317 605,773,317
- Diluted 623,499,408 605,773,317 605,773,317
For the Year Ended December 31,
2007 2008 2008
RMB RMB US$
Revenues 979,302 984,657 144,325
Cost of revenues (611,436) (751,367) (110,131)
Gross profit 367,866 233,290 34,194
Research and development costs (56,525) (70,232) (10,294)
Sales and distribution expenses (126,816) (138,524) (20,304)
General and administrative expenses (68,498) (127,028) (18,618)
Total operating expenses (251,839) (335,784) (49,216)
Operating income/(loss) 116,027 (102,494) (15,022)
Interest income 22,313 31,257 4,581
Interest expense (35,347) (54,844) (8,039)
Investment income 318 4,873 714
Foreign currency exchange
gain/(loss) (18,791) (10,418) (1,527)
Grant income 7,355 15,209 2,229
Total other expense/(income) (24,152) (13,923) (2,042)
Income tax expense (10,321) (3,157) (463)
Income/(loss) before minority
interests 81,554 (119,574) (17,527)
Net income/(loss) 82,536 (118,778) (17,410)
Net income/(loss) per share:
- Basic 0.13 (0.19) (0.03)
- Diluted 0.13 (0.19) (0.03)
Weighted average number of ordinary
shares:
- Basic 624,624,852 610,158,841 610,158,841
- Diluted 624,624,852 610,158,841 610,158,841
For further information, please contact:
Investor Contact:
China GrenTech Corp Ltd.
Kent Lo, Investor Relations Manager
Tel: +86-755-2650-3007
Email: kentlo@GrenTech.com.cn
Investor Relations (US):
Taylor Rafferty
Delia Cannan
Tel: +1-212-889-4350
Email: GrenTech@taylor-rafferty.com
Investor Relations (HK):
Taylor Rafferty
Ruby Yim
Tel: +852-3196-3712
Email: GrenTech@taylor-rafferty.com
Media Contact:
Taylor Rafferty
Jason Marshall
Tel: +1-212-889-4350
Email: GrenTech@taylor-rafferty.com
China GrenTech Corporation Limited
CONTACT: Investor Contact - Kent Lo, Investor Relations Manager of China GrenTech Corp Ltd., +86-755-2650-3007, or kentlo@GrenTech.com.cn; or Investor Relations (US): Delia Cannan of Taylor Rafferty, or +1-212-889-4350, or GrenTech@taylor-rafferty.com; or Investor Relations (HK): Ruby Yim of Taylor Rafferty, +852-3196-3712, or GrenTech@taylor-rafferty.com; Media Contact - Jason Marshall of Taylor Rafferty, +1-212-889-4350, or GrenTech@taylor-rafferty.com
Web site: http://www.grentech.com.cn/en/Earnings_Announcements.asp http://www.grentech.com.cn/
Concurrent Invites You to Join Its Quarterly Earnings Conference Call on Tuesday, April 28, 2009 at 4:30 p.m. ET
ATLANTA, April 14 /PRNewswire-FirstCall/ -- Concurrent Computer Corporation , a world-wide leader in video solutions, will host a conference call to discuss its results for the third quarter of fiscal year 2009 on Tuesday, April 28, 2009 at 4:30 p.m. ET. A press release will be issued after market close on April 28, 2009 prior to the call. The earnings call will be broadcast live over the Internet on the company's web page at http://www.ccur.com/ under the "Investors" section. Presentation materials from the call can be accessed at the same location. A replay of the call will also be available on the company's web site.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081216/CLTU015LOGO)
To access the live call, please dial: 1-800-841-9385, Password: 090428
About Concurrent
Concurrent is a global leader in innovative solutions that enable the seamless delivery, management and monetization of video on any screen. Built on a solid foundation of video firsts and Emmy-award winning technology, Concurrent's screen-independent video delivery solutions create a truly holistic, 360 degree view of the consumer video experience. Concurrent provides customers in the cable, telco, wireless, Web, advertising and content development industries with new revenue opportunities by harnessing the full potential of video. Concurrent's video solutions are built upon a rich heritage of high-performance real-time technology which also powers solutions for the defense, aerospace, automotive and financial industries.
Concurrent is a global company with offices in North America, Europe and Asia. For more information, please visit http://www.ccur.com/.
For more information, contact:
Concurrent Investor Relations
Kirk Somers
678.258.4000
investor.relations@ccur.com
Erica Abrams or Jonathan Schaffer
The Blueshirt Group
415.217.5864 or 212/551.1452
erica@blueshirtgroup.com
Concurrent Computer Corporation and its logo are registered trademarks of Concurrent Computer Corporation. All other Concurrent product names are trademarks of Concurrent while all other product names are trademarks or registered trademarks of their respective owners. Linux(R) is used pursuant to a sublicense from the Linux Mark Institute.
Photo: http://www.newscom.com/cgi-bin/prnh/20081216/CLTU015LOGO
Concurrent
CONTACT: Concurrent Investor Relations, Kirk Somers, +1-678-258-4000, investor.relations@ccur.com; or Erica Abrams, erica@blueshirtgroup.com, or Jonathan Schaffer, +1-415-217-5864, or +1-212-551-1452, both of The Blueshirt Group
Web Site: http://www.ccur.com/
Alliant Solutions LLC Awarded $50 Billion IDIQ Contract With GSA
CHANTILLY, Va., April 14 /PRNewswire/ -- Alliant Solutions LLC has been awarded a GSA Alliant Contract with a total value of $50 Billion. Alliant Solutions LLC, a joint venture (JV), comprises seven highly qualified mid-tier company members. By coming together as a JV and acting as a single prime contractor, Alliant Solutions LLC offers benefits generally associated with typical "IT Top 100" firms, such as consolidated contract administration and depth and breadth across all technical areas, while still possessing the agility and innovative culture typical of a "small" company.
The Alliant Solutions JV members have invested heavily in instituting the industry best practices and quality standards essential to successful execution of Alliant, including ISO 9001:2000, CMMI Level 4 assessments, and Earned Value Management. The members collectively employ over 375 ITIL-certified staff and 120 PMPs. Each member company has a proven track record of marketing GWAC business, and grew from being former small businesses on the strength of this achievement. Now, as mid-size companies, they each stand committed to bring this same expertise to bear on Alliant, contributing business development and group manager leadership from within their corporate ranks.
The Alliant Solutions JV is composed of: Catapult Technology, Ltd.; NetStar-1, Inc.; Pragmatics, Inc.; Ultra Electronics, ProLogic; Sabre Systems, Inc.; TechTeam Government Solutions, Inc.; and TWD & Associates, Inc. Pragmatics is providing the Chairman of the JV; TechTeam Government Solutions is providing the Program Manager; and NetStar-1 is providing the Contract Manager.
About Pragmatics, Inc.
Pragmatics is a leading information technology solutions provider for software engineering and systems integration, systems engineering, information assurance, infrastructure management, and program management support. Pragmatics has been externally appraised at CMMI(R) Level 4 and ISO 9001:2000 certified. Its investment in both the CMMI and ISO programs demonstrates its organizational commitment to continuous process improvement and quality management. Pragmatics serves customers from its headquarters in McLean, Virginia. For additional information about Pragmatics, please visit http://www.pragmatics.com/.
About TechTeam Government Solutions
TechTeam Government Solutions, Inc., a wholly-owned subsidiary of TechTeam Global, Inc. , is based in Chantilly, Virginia. TechTeam Government Solutions is a highly-respected provider of IT-based services for government agencies. With core competencies in cyber security, network engineering, help desk/contact centers, virtualization, and net-centric operations, the company provides mission-oriented services to the Department of Defense, Federal Civilian, and State and local agencies. TechTeam Government Solutions leverages proven commercial best practices such as ITIL, combined with extensive government experience and the thought leadership of its Vector Research Center to deliver results that exceed expectations for both quality and value. For additional information about TechTeam Government Solutions, Inc., please visit http://www.techteamgovt.com/.
About Catapult Technology, Ltd.
Catapult Technology, Ltd. (Catapult) is a Service-Disabled Veteran-Owned (SDVO) firm that provides information technology and management consulting services to the Federal Government. The company has been appraised at Software Engineering Institute (SEI) Capability Maturity Model Integration (CMMI) Maturity Level 3, is International Organization for Standardization (ISO) 9001: 2000 registered, and possesses Lean Six Sigma, Project Management Institute (PMI), and Information Technology Infrastructure Library (ITIL) certifications. Catapult has regularly been ranked by Inc. magazine, Washington Technology Fast 50, and Deloitte Fast 500 as one of the fastest-growing private companies in the U.S. Catapult was founded in August 1996 and is headquartered in Bethesda, Maryland. The company provides its services to various government agencies located throughout the United States. For more information, visit http://www.catapulttechnology.com/.
About NetStar-1, Inc.
NetStar-1 is a leading provider of information technology, engineering and program management services to U.S. Federal Government and commercial clients. NetStar-1's expertise spans multiple areas of technology including system and network engineering, information assurance, solutions integration, engineering and logistics, medical IT and business service support. For more information, visit http://www.netstar-1.com/.
About Ultra Electronics, ProLogic
Ultra Electronics, ProLogic is a Battlespace IT company, specializing in software development, system integration, and IT services for tactical data links, cryptographic rekeying, medical IT, sensors, Battlespace awareness, and decision aids. The company has more than 280 employees and provides turn key solutions and products to the Department of Defense and other Federal Agencies. For more information, visit http://www.ultra-prologic.com/.
About Sabre Systems, Inc.
Sabre Systems, Inc a quality-driven professional IT and Engineering Services Company, providing state of the art technology, scientific, and management solutions and services to globally dispersed Government and commercial enterprises. Sabre has nearly 600 professionals on-site in 72 locations throughout the United States, Central and South America, Europe, Africa, and Asia with years of successful performance on Federal, State and local government agency contracts as well as commercial contracts. Sabre's core competencies include information technology, program management, software development, professional engineering and operational training and logistics, Sabre is ISO 9001:2000 registered and has been externally appraised at Maturity Level 2 of CMMI(R) v1.2. For more information, visit http://www.sabresystems.com/.
About TWD & Associates, Inc.
TWD, established in 1986, is a majority employee-owned business providing information technology, telecommunications, videoconferencing/multimedia and professional management services to Federal, State and local government customers. TWD was recognized in 2008 as one of the 50 fastest growing companies in the Washington region and placed #46 on a list of the "Top 100 DHS Contractors" for fiscal year 2006. For additional information on TWD, please visit http://www.twd.com/.
Safe Harbor Statement
The statements contained in this press release that are not purely historical, including statements regarding the Company's expectations, hopes, beliefs, intentions, or strategies regarding the future, are 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. Actual results may differ materially from those expected because of various known and unknown risks and uncertainties. Specifically, this award is not a guarantee that Alliant Solutions LLC will be able to secure business under the Alliant contract vehicle. Rather, the award allows Alliant Solutions LLC to bid on requests for proposals issued by various government agencies over the life of the program. The Company will have to win the competitive bid process in order to obtain any portion of the potential program value noted herein as revenue. The forward-looking statements included in this press release are based on information available to the Company on the date hereof, and the Company assumes no obligation to update any such forward-looking statements.
Alliant Solutions LLC
Paul Barboza
Program Manager
1-800-275-1177
Paul.Barboza@alliantsolutions.net
Alliant Solutions LLC
CONTACT: Paul Barboza, Program Manager, Alliant Solutions LLC, 1-800-275-1177, Paul.Barboza@alliantsolutions.net
A. O. Smith Corporation Declares Quarterly Dividend; Announces Approval of Merger With Smith Investment Company
MILWAUKEE, April 14 /PRNewswire-FirstCall/ -- Directors of A. O. Smith Corporation today declared a regular quarterly cash dividend of $.19 per share on Common Stock and Class A Common Stock. The dividend is payable on May 15 to shareholders of record April 30.
A. O. Smith also announced its shareholders today approved the company's proposed merger with Smith Investment Company (Pink Sheets: SMIC). Smith Investment Company shareholders are scheduled to vote on the transaction April 16.
A. O. Smith Corporation
CONTACT: Media, Mark A. Petrarca, +1-414-359-4100, or Analyst/Investor Contact, Patricia K. Ackerman, +1-414-359-4130, both of A. O. Smith Corporation
Web Site: http://www.aosmith.com/
Akibia Unveils 24x7 Support for Extreme Networks Ethernet Network SolutionsAkibia Extends its Mission-Critical Support Services to Extreme Networks High-Performance Solutions
WESTBOROUGH, Mass., April 14 /PRNewswire/ -- Akibia, a leading provider of consulting, integration and support for data center, network and security solutions, announced today support for Extreme Networks high-performance Ethernet networking solutions. Akibia's 24x7 technical support organization delivers centralized support services for mission-critical infrastructure technologies.
Already on board as an Extreme Networks Platinum Solution Partner in its North American channel partner program, Akibia now provides support as well as design and implementation services for customers leveraging Extreme Networks enterprise network solutions to meet critical voice, video and data convergence, integrated security and network challenges.
"Akibia provides the full life cycle of services, design, implementation and support, on critical network and security solutions," said Tom Tucker, president of Akibia. "Akibia's support of Extreme Networks solutions portfolio ensures our customers maximum network uptime, data integrity and greater end-user productivity."
Akibia is a single point of contact for global customers running mission-critical infrastructure technologies including systems from Sun, IBM, HP, Dell, EMC, Check Point, Blue Coat Systems and Extreme Networks. By partnering with Akibia, an independent, trusted advisor, instead of multiple support providers, customers benefit from Akibia's comprehensive knowledge of their environment, and greater customization, flexibility and commitment to exceptional customer service.
The Akibia technical support center is available 24x7 and is staffed by industry and vendor certified engineers. Akibia's flexible and innovative approach to providing technical support allows significant customization to suit each client's specific requirements. Akibia's Support Services provide the following benefits to its customers:
-- Experienced, Knowledgeable Support Engineers -- Akibia's industry
certified engineers average ten years of experience in the field.
Because Akibia is often responsible for multiple solutions within the
customer environment, the engineers are well-versed on the customer's
infrastructure and can identify, isolate and resolve issues quickly.
-- Full Life-Cycle Partnership -- As the customer's design,
implementation and support partner Akibia has greater insight into the
scope of the solution and how the Extreme Networks solution is
integrated in the infrastructure. Support engineers can easily
collaborate with the design engineers to pin point and remediate
issues quickly
-- Faster Resolution -- Akibia's call answer time is less than 25
seconds, and the engineers do not use voicemail or scripts. Dedicated
engineers know the customer's environment and respond quickly with
solutions.
"Akibia is a premier technical support provider serving mission-critical IT environments for global enterprise organizations, as well as an established Extreme Networks Advanced Solution Partner," said Christopher Rajiah, director of North American Channels for Extreme Networks. "We are confident that customers that already rely on Akibia for implementation of our network solutions will greatly benefit from access to Akibia's exceptional support center."
About Akibia, Inc.
Akibia provides innovative IT solutions that enable leading companies worldwide to optimize, secure, manage and support their mission-critical infrastructure. As an independent advisor, Akibia partners with its customers to deliver solutions that improve the availability and performance of their data center and security infrastructure. Combining expert consulting, integration and support services with world-class customer service, Akibia helps IT organizations maximize the value of their existing infrastructure, while mitigating risk and reducing complexity. Founded as Polaris Service in 1988 and headquartered in Massachusetts, Akibia is an independent services company with offices throughout the United States and Europe. Contact Akibia at 1-866-4-AKIBIA or http://www.akibia.com/
Akibia, Inc.
CONTACT: Stephanie Hadley of Akibia, Inc., +1-508-621-4753, shadley@akibia.com
Web Site: http://www.akibia.com/
IGT's REELdepth(TM) Multi-Layer Display(R) Named Lottery Product of the Year.Casino Journal nominates four IGT products in Top 20 Most Innovative Gaming Technology Products Competition.
RENO, Nev., April 14 /PRNewswire-FirstCall/ -- Industry-leader International Game Technology has been recognized in two award programs honoring the best technologies in gaming. The Public Gaming Research Institute named IGT's REELdepth(TM) games featuring Multi-Layer Display (MLD(R)) technology the 2009 Lottery Product of the Year and Casino Journal listed four IGT products on its Top 20 Most Innovative Gaming Technology Products for 2008.
John McMullen, IGT Director of Eastern Region Sales, demonstrated the innovative REELdepth(TM) games with MLD(R) technology at the March 24 Smart-Tech Conference in Dover, Delaware. REELdepth(TM)/MLD(R) was recognized in the Electronic Game Innovations category. Industry professionals from almost every lottery state in the U.S. attended the conference. This award has evolved into a reference guide for lottery operators to quickly discern the most reputable and accomplished commercial suppliers in each product category. MLD(R) technology was pioneered by PureDepth(TM), Inc.
"IGT is honored to be recognized for creating a product that meets the high standards needed to win the 2009 Lottery Product of the Year Award," said Ed Rogich, IGT VP Marketing. "We are also proud to have four products among the top 20 nominees in Casino Journal's competition. The innovative technology found in all four is a true testament of the ingenious products that only IGT can produce."
A panel of expert judges selected four outstanding IGT products out of 80 entries for Casino Journal's Top 20 list: the AVP(R) Dynamic Game Menu, REELdepth(TM), sbX(TM) Media Manager and Slot Tournament Management System(TM), which is a collaborative product of IGT and Strategy 9. The Top 20 winners will be honored at the Thursday keynote luncheon at the seventh annual Gaming Technology Summit, May 19-21 at the Green Valley Ranch Resort, Spa and Casino in Las Vegas.
International Game Technology (http://www.igt.com/) is a global company specializing in the design, development, manufacturing, distribution and sales of computerized gaming machines and systems products.
IGT
CONTACT: Ed Rogich of IGT, +1-702-669-8777, Ed.Rogich@IGT.com
Web Site: http://www.igt.com/
ExpressMD(TM) Solutions' Remote Patient Health Monitoring Device Receives 510(K) Market Clearance Approval From FDAInitial sales of Electronic House Call System scheduled to start this month.
BERKELEY HEIGHTS, N.J., April 14 /PRNewswire-FirstCall/ -- ExpressMD(TM) Solutions, a joint venture formed by Authentidate Holding Corp. and EncounterCare Solutions, Inc. (Pink Sheets: ECSL) to provide remote patient monitoring telehealth systems and services that improve care for patients with chronic conditions announced today that its remote patient health monitoring system has received 510(k) market clearance from the U.S. Food and Drug Administration (FDA). ExpressMD(TM) plans to initiate manufacturing and sales of its Electronic House Call(TM) monitoring devices and services immediately.
The Electronic House Call System will be used by healthcare professionals who manage patients with chronic conditions, such as heart disease, COPD (Chronic Obstructive Pulmonary Disease) and diabetes. Patients are able to use the monitoring devices located in their home to measure their vital signs and to motivate them through education and reminders. The Electronic House Call monitor securely transmits this information to its data center making it conveniently available to each licensed care provider via a secure website. By remotely receiving patient data daily, licensed care providers can adjust treatment accordingly and provide an enhanced level of care.
Information collected and transmitted by the Electronic House Call remote monitoring system can include answers to questions about a patient's health, certain vital signs collected by the system's connected peripheral devices, including a patient's weight, temperature, pulse and blood pressure, and other specific patient data such as blood glucose levels. The data is collected wirelessly and transmitted using several methods of transmission including cell phone technology. Data collected by the system's peripherals is automatically entered into the system and does not require patients to enter the data manually. The physician can easily modify all aspects of the patient's care plan program including the frequency of sessions to collect vital signs and other information. Additionally, the physician can modify and sign the care plan remotely thereby providing better patient care and reducing administrative costs using the integrated Inscrybe(TM) Healthcare software from Authentidate(R).
Ronald Mills, Managing Director at ExpressMD Solutions stated: "Now that we have received FDA approval for the ExpressMD telehealth solution, Electronic House Call, we can move forward with the next phase of our sales and marketing strategy, and selling systems into the market. Part of this effort will be supported through a non-exclusive distribution agreement already in place with Cyntrist, which covers the Southeastern U.S. region. We believe that remote patient monitoring has the power to effectively change the landscape of the patient care model by lowering costs and improving patient care. We anticipate that the benefits of the Electronic House Call System will quickly be recognized by patients, patient's families, physicians and insurance carriers that take advantage of this robust and exciting telehealth monitoring capability."
About ExpressMD(TM) Solutions
ExpressMD(TM) Solutions is a joint venture formed by Authentidate Holding Corp. and EncounterCare Solutions, Inc. (Pink Sheets: ECSL). ExpressMD combines EncounterCare's Electronic House Call(TM) patient vital signs monitoring system and specially designed web-based management and monitoring software, and Authentidate's Inscrybe Health Management Software. This joint venture will provide in-home patient vital signs monitoring systems and services to improve care for patients with chronic illnesses and reduce cost of care by delivering results to their healthcare providers securely via the Internet. The ExpressMD solution is designed to aid wellness and foster preventative care, and deliver better continuity of care to specific patient segments such as the elderly, special needs or pediatric patients with chronic illnesses who require regular monitoring of serious medical conditions.
For more information about ExpressMD Solutions, visit http://www.expressmdsolutions.com/.
About Authentidate Holding Corp.
Authentidate Holding Corp. is a worldwide provider of secure Health Information Exchange and workflow management services. The company's software and web-based services enable healthcare organizations and other enterprises to increase revenues, improve productivity and reduce costs by eliminating paper and manual work steps from clinical, administrative and other processes and enhancing compliance with regulatory requirements. The web-based services are delivered as Software as a Service (SaaS) to customers. These solutions incorporate rules-based electronic forms, intelligent routing, transaction management, electronic signatures, identity credentialing, content authentication and automated audit trails. Both web and fax based communications are integrated into automated and trusted workflow solutions. The company has offices in the United States and Germany. In the United States, Authentidate offers its patent pending content authentication technology in the form of the United States Postal Service(R) Electronic Postmark(R) (EPM).
For more information, visit the company's website at http://www.authentidate.com/.
About EncounterCare Solutions, Inc.
EncounterCare Solutions, Inc. (Pink Sheets: ECSL), headquartered in Palm Beach Gardens, Florida is an integrated healthcare company that operates its business through two divisions, the Healthcare Technology Division and the Healthcare Services Division. EncounterCare's operating businesses offer a broad range of proprietary healthcare technology, products and services that address several substantial target markets, including: the Healthcare Information Technology market, the Healthcare Telemedicine market and the Homecare market.
For more information, visit http://www.encountercare.com/.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Act of 1934. When used in this release, the words "believe," "anticipate," "think," "intend," "plan," "will be," "expect," and similar expressions identify such forward-looking statements. Such statements regarding future events and/or the future financial performance of the company are subject to certain risks and uncertainties, which could cause actual events or the actual future results of the company to differ materially from any forward-looking statement. Such risks and uncertainties include, among other things, the availability of any needed financing, the company's ability to implement its business plan for various applications of its technologies, related decisions by the USPS, the impact of competition, the management of growth, and the other risks and uncertainties that may be detailed from time to time in the company's reports filed with the Securities and Exchange Commission. In light of the significant risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the company or any other person that the objectives and plans of the company will be achieved.
ExpressMD is a trademark of ExpressMD Solutions, LLC. Authentidate is a registered trademark of Authentidate Holding Corp. Inscrybe is a trademark of Authentidate Holding Corp. Electronic House Call is a trademark of EncounterCare Solutions, Inc. All other trade names are the property of their respective owners.
Contact:
Garth Russell
+1-212-896-1250
grussell@kcsa.com
Authentidate Holding Corp.
CONTACT: Garth Russell, +1-212-896-1250, grussell@kcsa.com, for Authentidate Holding Corp.
Web Site: http://www.authentidate.com/ http://www.expressmdsolutions.com/ http://www.encountercare.com/
Johnson Controls-Saft Announces Project to Build lithium-ion Hybrid Battery Plant in Michigan
MILWAUKEE, Wisconsin, April 14 /PRNewswire-FirstCall/ -- Johnson Controls-Saft today announced a project to build its first U.S. cell manufacturing facility for lithium-ion batteries for hybrid and electric vehicles. Subject to final State and local incentives, the company will use an existing Johnson Controls facility at its site in Holland, Michigan. In this project, estimated to cost $220m, Johnson Controls-Saft will receive a combination of tax credits and incentives from the state of Michigan totaling $148.5 million. The company also plans to apply for a grant through the federal American Recovery and Reinvestment Act (ARRA) in May.
"Battery technology is strategically important to the future of the U.S. automotive industry and the economy at large," said Alex Molinaroli, president of Power Solutions for Johnson Controls. "Our first U.S. plant will bring jobs to Michigan, and many additional jobs through suppliers and the businesses these employees will support as the clean vehicle market develops. It is a key element of our broader strategy and commitment to the hybrid vehicle industry in North America."
Johnson Controls-Saft is a leading global provider of hybrid battery systems. The company opened the world's first lithium-ion manufacturing facility for hybrid electric vehicles in 2008 in Nersac, France, where it is currently in production for the Mercedes S-Class hybrid, which will be available to consumers later this year. Additionally, Johnson Controls-Saft will supply the lithium-ion hybrid battery system for the BMW 7 Series ActiveHybrid available in 2010, Azure Dynamic's BalanceTM Hybrid Electric for commercial vehicles available in 2010, and Ford's first plug-in hybrid electric vehicle available in 2012.
"This Michigan facility will allow us to serve our strategic global customers, and specifically the production contracts we have with Ford and Azure Dynamics. It will also allow us to serve other important customers as the hybrid and electric vehicle industry continues to gain a foothold in the United States," said Mary Ann Wright, who leads the Johnson Controls-Saft joint venture and is vice president.
"Ford is pleased that Johnson Controls-Saft has been selected by the State of Michigan to receive incentives," said Susan Cischke, group vice president Sustainability, Environment and Safety Engineering for Ford Motor Company. "They are well positioned to become a key manufacturer of advanced lithium-ion batteries for electrified vehicles. We have partnered with Johnson Controls-Saft to supply the lithium-ion batteries for our plug-in electric vehicle coming in 2012, as part of our overall electrification strategy. We see this as an important step to building a domestic advanced battery industry."
"We are delighted to receive this support from the state of Michigan" says John Searle Chairman of Saft's management board. "It is an important step in Johnson Controls' Saft's continuing commitment to build a manufacturing infrastructure for hybrid and electric vehicles in the United States. With our demonstrated track record and the endorsement from strategic customers such as Ford and Azure Dynamics.this facility will be ready to meet demand as the US market for clean vehicles develops, also driven by the US government's stimulus package."
About Johnson Controls-Saft
Johnson Controls-Saft is a joint venture that has brought together Johnson Controls -- the world's leading supplier of automotive batteries and a company deeply experienced in integrated automotive systems solutions -- with Saft, an advanced energy storage solutions provider with extensive Li-ion battery expertise.
About Saft
Saft (Euronext: Saft) is a world specialist in the design and manufacture of high-tech batteries for industry. Saft batteries are used in high performance applications such as industrial infrastructure and processes, transportation, space and defense. Saft is the world's leading manufacturer of nickel-cadmium batteries for industrial applications and of primary lithium batteries for a wide range of end markets. The group is also the European leader for specialized advanced technologies for the defense and space industries. With approximately 4,000 employees worldwide, Saft is present in 18 countries. Its 15 manufacturing sites and extensive sales network enable the group to serve its customers worldwide. Saft is listed in the SBF 120 index on the Paris Stock Market. For more information, visit Saft at http://www.saftbatteries.com/
About Johnson Controls
Johnson Controls is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers.
For additional information, please visit http://www.johnsoncontrols.com/.
Contacts:
Rebecca Fitzgerald
+1-414-524-2945
Rebecca.K.Fitzgerald@jci.com
Kona Luseni
+1-646-291-7346
kluseni@makovsky.com
Jill Ledger, Corporate
Communications - Saft
+33-1-49-93-17-77
jill.ledger@saftbatteries.com
Saft
CONTACT: Contacts: Rebecca Fitzgerald, +1-414-524-2945, Rebecca.K.Fitzgerald@jci.com; Kona Luseni, +1-646-291-7346, kluseni@makovsky.com; Jill Ledger, Corporate, Communications - Saft, +33-1-49-93-17-77, jill.ledger@saftbatteries.com
Johnson Controls-Saft annonce son projet de construction d'une usine de fabrication de batteries lithium- ion pour véhicules hybrides dans le Michigan
MILWAUKEE, Wisconsin, April 14 /PRNewswire/ -- Johnson Controls-Saft a annoncé aujourd'hui son projet de construire sa
première usine américaine dédiée à la fabrication de batteries lithium-ion
pour véhicules hybrides et électriques. L'entreprise utilisera l'usine
Johnson Controls déjà existante située aux Etats-Unis à Holland dans l'Etat
du Michigan. Dans le cadre de ce projet, évalué à $220m, les aides
financières et des subventions de l'Etat du Michigan devraient s'élever à un
total de 148,5 M$. La société envisage d'autre part de solliciter une
subvention via le système fédéral américain d'aide à la relance << American
Recovery and Reinvestment Act (ARRA) >> en mai.
Alex Molinaroli, président de la division Power Solutions de Johnson
Controls, a déclaré : << La technologie de la batterie est d'une importance
stratégique pour le futur de l'industrie automobile américaine et plus
largement pour l'économie toute entière. Notre première usine américaine
créera des emplois dans le Michigan, ainsi que beaucoup d'autres emplois via
les fournisseurs ainsi que les activités qui seront générées par ces employés
au fur et à mesure que le marché des véhicules propres se développera. Il
s'agit là d'un élément fondamental de notre stratégie de notre attachement à
l'industrie du véhicule hybride en Amérique du Nord >>.
Johnson Controls-Saft est un leader mondial dans la fourniture de
systèmes de batteries pour véhicules hybrides. L'entreprise a ouvert en 2008
la première usine au monde de fabrication de batteries lithium-ion pour
véhicules hybrides et électriques à Nersac en France, qui produit
actuellement les batteries pour la Mercedes Classe-S hybride dont la
commercialisation est prévue cette année. Par ailleurs, Johnson Controls-Saft
fournira le système batterie lithium-ion pour la BMW série 7 ActiveHybrid,
qui sera disponible en 2010, celui de la BalanceTM Hybrid Electric destinée
aux véhicules commerciaux d'Azure Dynamic disponible elle aussi en 2010,
ainsi que celui du premier véhicule plug-in hybride de Ford qui sera
disponible en 2012.
Mary Ann Wright, qui dirige la joint-venture Johnson Controls-Saft,
explique : << L'usine située dans le Michigan nous permettra de répondre aux
besoins de notre clientèle stratégique mondiale et, plus spécifiquement, les
contrats que nous avons gagnés avec Ford et Azure Dynamics. Cela nous
permettra de la même façon de répondre aux besoins d'autres clients très
importants, avec une industrie du véhicules hybrides et électriques qui
continue à se développer aux Etats-Unis >>.
<< Nous sommes ravis de recevoir ce soutien de l'Etat du Michigan, a
déclaré John Searle, président du directoire de Saft. Il s'agit d'une étape
importante du plan de développement de Johnson Controls-Saft pour bâtir une
infrastructure de production dédiée aux véhicules hybrides et électriques aux
Etats-Unis. Notre expérience dans le domaine et le soutien de nos clients
stratégiques tels que Ford et Azure Dynamics permettront à cette unité de
production d'être prête à répondre à la demande du marché américain des
véhicules propres au fur et à mesure de son développement, déjà stimulé par
toute une série de mesures incitatives mises en place par le gouvernement. >>
A propos de Johnson Controls-Saft
Johnson Controls-Saft est une société commune créée par
Johnson Controls - le premier fournisseur mondial de batteries pour
l'industrie automobile et une des sociétés les plus expérimentées dans
l'intégration de systèmes et solutions pour l'automobile - et Saft,
spécialiste mondial de la conception et de la production de batteries de
haute technologie pour l'industrie qui bénéficie d'une expertise reconnue
dans le domaine des batteries Li-ion.
A propos de Johnson Controls
Johnson Controls (code NYSE : JCI) est un leader mondial
apportant des solutions innovatrices pour l'habitat, les espaces de travail
et les véhicules. En intégrant différentes technologies, produits et
services, nous créons des environnements intelligents qui redéfinissent le
lien entre l'homme et son cadre de vie. Forts d'une équipe de 140 000
personnes, nous proposons un monde plus confortable, plus sûr, et plus
durable, au travers de produits et services qui équipent plus de 200 millions
de véhicules, 12 millions de foyers, et un million d'immeubles commerciaux.
Notre engagement en faveur du développement durable guide notre démarche
écologique, notre responsabilité citoyenne tant au travail que dans nos
foyers, et caractérise les produits et services que nous proposons à nos
clients. Pour toute information complémentaire, consultez le site
http://www.johnsoncontrols.com
A propos de Saft
Saft (Euronext : Saft) est le spécialiste mondial de la
conception et de la production de batteries de haute technologie pour
l'industrie. Les batteries de Saft sont utilisées dans les applications de
haute performance, notamment dans les infrastructures et processus
industriels, le transport, la défense et l'espace. Saft est le premier
fabricant mondial de batteries au nickel-cadmium à usage industriel et de
piles au lithium primaire pour des applications variées. Le groupe est
également le premier producteur européen de batteries de technologies
spécialisées pour la défense et l'espace. Avec un effectif global d'environ
4000 salariés, Saft est présent dans 18 pays. Ses 15 sites de production et
son réseau commercial lui permettent de servir ses clients dans le monde
entier. Saft figure au sein de l'indice SBF 120 de la Bourse de Paris. Pour
plus d'informations, rendez-vous sur http://www.saftbatteries.com
Contacts:
Jill Ledger - Directrice de la communication Saft
+33-1-49-93-17-77
jill.ledger@saftbatteries.com
Yannick Duvergé - Financial Dynamics France
+33-1-47-03-68-10
yannick.duverge@fd.com
Saft
Contacts: Jill Ledger - Directrice de la communication Saft, +33-1-49-93-17-77, jill.ledger@saftbatteries.com; Yannick Duvergé - Financial Dynamics France, +33-1-47-03-68-10, yannick.duverge@fd.com
PennyStockPerfection.com Issues Market Movers Today: DNDN, GS, MS, ETFC, FITB, & BRCD
ROCHESTER, N.Y., April 14 /PRNewswire/ -- PennyStockPerfection.com is pleased to offer its stock alerts service to the investing community. Investors who are interested in stocks on the move and in the news can receive FREE Alerts by visiting the following link: http://www.pennystockperfection.com/
Today's focused alerts include: Dendreon Corporation , Goldman Sachs Group , Morgan Stanley , E*Trade Financial Corporation , Fifth Third Bank Corporation & Brocade Communications Systems, Inc. .
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PennyStockPerfection.com
CONTACT: PennyStockPerfection.com, +1-814-326-4444
Web Site: http://www.pennystockperfection.com/
Lockheed Martin Receives Order To Produce 10 Close Combat Tactical Trainers for the U.S. Army
ORLANDO, Fla., April 14 /PRNewswire/ -- Lockheed Martin Corporation was awarded a $30.5 million contract to produce three Close Combat Tactical Trainer (CCTT) Reconfigurable Vehicle Simulators (RVS) and seven Reconfigurable Vehicle Tactical Trainers (RVTT's) and associated weapons training. This is the second order for these high fidelity training devices under a contract initially awarded in August 2008.
"CCTT RVS and RVTT provides the realistic training environment for reconnaissance and convoy trainers while giving the Army the flexibility to upgrade scenarios to meet future training needs," said Jim Craig, vice president of the Ground, Maritime and Civil Solutions business at Lockheed Martin Simulation, Training & Support. "It gives us the opportunity to help soldiers reinvent how they prepare for their missions."
CCTT-RVS provides reconnaissance and convoy training on a wide variety of wheeled vehicles, including multiple variants of the High-Mobility Multipurpose Wheeled Vehicle and Heavy Expanded Mobility Tactical Truck. CCTT-RVS/RVTT fully interacts with the entire family of CCTT simulators, allowing them to interact with other systems and provides the ideal platform for future development. Users also benefit from geo-specific terrain databases which realistically represent areas within operating environments.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
For additional information, visit our website:
http://www.lockheedmartin.com/
Lockheed Martin Corporation
CONTACT: Warren Wright of Lockheed Martin Corporation, +1-407-306-4447, warren.wright@lmco.com
Web Site: http://www.lockheedmartin.com/
Beacon Equity Issues Trade Alerts on Newsworthy Market Movers: MRO, GCI, DE, BA, AKR, GOOG
DALLAS, April 14 /PRNewswire/ -- BeaconEquity.com announces the availability of Trade Alerts on stocks making news today.
Investors can view all of the daily trade alerts for free by visiting BeaconEquity.com/m.
Today's Trade Alerts include: Marathon Oil Corp. , Gannett Co. Inc. , Deere Co. , Boeing Co. , Acadia Realty Trust and Google Inc. .
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BeaconEquity.com's Trade Alerts are brief analyses on the active stocks each day that are affecting the markets. These include breaking news, insider activity, recent 52-week highs/lows, technical breakouts, and other market driving information. Beacon is the authority on research in the small-cap sector, and our analysts strive each day to find the stocks that are poised to be the biggest movers before the rest of the market is aware of them.
We encourage investors to subscribe to our FREE newsletter filled with daily trading ideas.
BeaconEquity.com is one of the industry's largest small-cap research providers. Beacon strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the publicly available information available on them. For more information on Beacon Research, please visit:
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Beacon Equity Research
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press@beaconequity.com
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David C. Masson of Beacon Equity Research is a member of the National Association of Securities Dealers, CRD number 2207572.
BeaconEquity.com
CONTACT: Jeff Bishop of Beacon Equity Research, +1-469-252-3505, press@beaconequity.com
Web Site: http://www.beaconequityresearch.com/
Zebra Technologies Announces Sharon Brindley as New Vice President of North American Sales, Specialty Printing SolutionsFormer Lexmark International vice president of U.S. Business Channels and SMB to lead North American Zebra SPS sales unit.
LINCOLNSHIRE, Ill., April 14 /PRNewswire-FirstCall/ -- Zebra Technologies Corporation today announced that Sharon Brindley has been appointed vice president, North America sales, for the Specialty Printing Solutions (SPS). She started April 6, 2009, and reports to Fred Zaeske, vice president and general manager of Zebra SPS North America.
"Sharon's channel and broad vertical market expertise, along with her track record of solid sales results are a perfect match for Zebra," said Zaeske. "Sharon understands how strong channel partnerships contribute to business success and how they support our goal to maintain and enhance our industry-leading PartnersFirst(TM) channel program. We are excited to have Sharon join our North America leadership team and look forward to her adding significant value to our organization," said Zaeske.
Brindley brings more than 20 years of leadership experience to the Zebra SPS business. Prior to joining Zebra, Brindley served as vice president of U.S. business channels and SMB at Lexmark International. While at IBM Corporation, Brindley served as district manager and later at Lexmark served as vice president, public sector and healthcare, and vice president, financial services, in addition to a number of other leadership roles.
Brindley earned an MBA from Washington University and a bachelor degree in business administration from San Jose State University. She also completed the Smith-Tuck Global Leaders Program for Women at Dartmouth College Tuck School of Business. She was recognized by Computer Reseller News as one of the top 100 Channel Chiefs in 2006-2008 and by VARBusiness as one of the Power 50 Women of the Channel in 2006-2008.
About Zebra Technologies
Zebra Technologies Corporation improves customers' business performance through products and solutions that identify, track and manage assets, transactions and people. In more than 100 countries around the world, more than 90 percent of Fortune 500 companies use innovative and reliable Zebra printers, supplies, RFID products and software to increase productivity, improve quality, lower costs, and deliver better customer service. Information about Zebra and Zebra-brand products can be found at http://www.zebra.com/.
CONTACT: Tim Dreyer
+1 847 793 5677
tdreyer@zebra.com
Zebra Technologies Corporation
CONTACT: Tim Dreyer of Zebra Technologies Corporation, +1-847-793-5677, tdreyer@zebra.com
Web Site: http://www.zebra.com/
Aon Delivers Unprecedented Suite of Insurance Coverages for Middle Market Technology CompaniesNew integrated product offering underwritten by Zurich North America takes features historically found only in large corporate programs and brings them to the middle market
CHICAGO, April 14 /PRNewswire-FirstCall/ -- Aon Corporation , the leading provider of global risk management and consulting services, has introduced an integrated suite of insurance products designed to bring middle market technology companies the coverage enhancements historically only available to large corporate clients.
(Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO)
Known as Aon Preferred for Technology, the new product suite has been developed by Aon in conjunction with Zurich North America's Commercial Middle Market Technology team in response to client requests for a global solution that can efficiently meet the insurance needs of middle market companies. These companies share many of the same risk characteristics as Fortune 500 firms and in the past have been challenged to address these risks in a cost-effective manner. Aon Preferred for Technology provides broad coverage to help mitigate catastrophic exposures that exist by doing business around the world.
Through the global presence of both Aon and Zurich, Aon Preferred for Technology can address risks virtually anywhere in the world a client operates.
"All too often, creating an optimal risk management program to meet the needs of a global middle market technology company has involved patching together various products, coverage and services from a myriad of carriers, leading to potential uninsured gaps, cost inefficiencies and burdensome administrative requirements," said Michael Flanagan, managing director of Aon Risk Services' Technology Practice. "We spoke to clients and discussed the need to make the insurance purchasing process easier and more integrated while minimizing the risk of coverage gaps resulting from the use of multiple markets."
The suite has been tailored to meet the rapidly evolving needs of technology companies to include directors and officers liability, marine cargo, property, professional liability and workers compensation. Following are principal examples of the numerous coverage enhancements made to Zurich's insurance products:
-- Contingent product recall coverage for expenses associated with the
failure of a supplier to indemnify the insured for product recall
expense
-- Blanket limits for property, business interruption and stock
-- 365 days of extended period of indemnity
-- Earthquake sprinkler leakage coverage
-- Marrying of the general liability and errors & omission policy around
professional liability
Contingent product recall coverage represents a major product innovation for technology companies that rely on third parties to develop in part or whole an element of the company's product. This coverage, which will reimburse the insured for recall expenses should the third party be unable to provide reimbursement, addresses what has long been one of the industry's most concerning risks.
"The tailoring of each insurance policy has been an important step in the process of bringing Aon Preferred for Technology to market," said Tom Fitzgerald, senior managing director of Aon Preferred and a chief architect of the new product suite. "Especially in an industry like technology, which was built on the concept of 'innovate or evaporate,' it is critical that we solve client concerns by developing new solutions that push the envelope beyond what we previously thought was possible."
Aon Preferred for Technology is an ideal solution for multiple segments of the technology industry, including electronics, information technology, factory automation, semiconductors and application software.
The new product suite is being offered as part of Aon Preferred - a platform designed to deliver innovative insurance offerings that are both product- and industry-specific. The Aon Preferred team has created panels of insurance carriers that either have broad interest in a specific line of coverage or broad appetite for a specific industry.
For more information, visit http://www.aon.com/solutions.
About Aon
Aon Corporation is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 37,000 colleagues worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon's industry-leading global resources and technical expertise are delivered locally through more than 500 offices in more than 120 countries. Named the world's best broker by Euromoney magazine's 2008 and 2009 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's largest insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2008. A.M. Best deemed Aon the number one insurance broker based on brokerage revenues in 2007 and 2008, and Aon was voted best insurance intermediary, best reinsurance intermediary and best employee benefits consulting firm in 2007 and 2008 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com/.
About Zurich
Zurich's North America Commercial and Global Corporate in North America business divisions are part of Zurich Financial Services Group (Zurich), an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 people serving customers in more than 170 countries. In North America, Zurich does business through Zurich North American Insurance Company (http://www.zurichna.com/), a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, specialties and programs sectors.
Media Contact
Allyson Marcus
KemperLesnik
312.755.3592
allyson.marcus@kemperlesnik.com
Photo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Aon Corporation
CONTACT: Allyson Marcus of KemperLesnik, +1-312-755-3592, allyson.marcus@kemperlesnik.com, for Aon Corporation
Web Site: http://www.aon.com/ http://www.zurichna.com/
Ultra Clean to Announce First Quarter 2009 Results
HAYWARD, Calif., April 14 /PRNewswire-FirstCall/ -- Ultra Clean Holdings, Inc. , will release financial results for its first quarter of 2009 ended April 3, 2009 on Monday, May 4, 2009 after markets close.
The Company will host a conference call to discuss first quarter 2009 financial results and management's outlook at 2:00 pm PST on Monday, May 4, 2009. The call-in number is 888/561-5097 (domestic) and 706/679-7569 (international). A replay of the conference will be available for fourteen days following the call at 800/642-1687 (domestic) and 706/645-9291 (international). The confirmation number for live broadcast and replay is 94739714 (all callers).
Ultra Clean will also webcast the conference call live on our website at http://www.uct.com/ under Investor Relations.
Ultra Clean Holdings, Inc.
CONTACT: Clarence Granger, CEO of Ultra Clean Holdings, Inc., +1-510-576-4600
Web Site: http://www.uct.com/
Lockheed Martin 1st Quarter 2009 Earnings Conference Call Webcast
BETHESDA, Md., April 14 /PRNewswire-FirstCall/ -- Lockheed Martin will webcast live its First Quarter 2009 Earnings Conference Call on Tuesday, April 21, 2009, at 11 a.m. EDT. Bruce Tanner, Executive Vice President & Chief Financial Officer, and Jerry Kircher, Vice President, Investor Relations, will discuss first quarter 2009 financial results, provide updates on key topics, and answer questions.
The live audio webcast, along with a Podcast version and relevant financial charts, will be available for download and can be viewed on the Lockheed Martin Investor Relations website http://www.lockheedmartin.com/investor. An on-demand replay of the conference call will also be available at this website.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
For additional information, visit our website: http://www.lockheedmartin.com/.
Lockheed Martin
CONTACT: Investor Relations: Jerry Kircher, Vice President, Investor Relations, +1-301-897-6584, jerry.f.kircher@lmco.com, or Shamala Littlefield, Director, Investor Relations, +1-301-897-6455, shamala.littlefield@lmco.com; or Media: Jeff Adams, Director, Media Relations, +1-301-897-6308, jeffery.adams@lmco.com, all of Lockheed Martin
Web Site: http://www.lockheedmartin.com/
USA TODAY Blogs and Online Communities Available on Amazon Kindle
MCLEAN, Va., April 14 /PRNewswire/ -- USA TODAY is now making a selection of its blogs and online communities available for Amazon Kindle, a portable reader that wirelessly downloads books, blogs, magazines and newspapers to a crisp, high-resolution electronic paper display.
USA TODAY blogs and online communities featured on the Kindle include: Cruise Log, with the latest news and trends in the world of cruising; Game Hunters, an online community with a focus on video games and "interactive awesomeness;" Lifeline Live, your ticket to celebrity and entertainment news; OnDeadline, offering breaking news and must-read stories; Game On!, covering the latest sports news; The Oval, an online community dedicated to tracking the Obama administration; Pop Candy, unwrapping pop culture's hip and hidden treasures; and Today in the Sky, delivering the latest news and analysis about airlines, airports and air travel.
All blogs and online communities cost between $0.99 and $1.99 to download. Subscriptions to USA TODAY, the nation's top-selling newspaper, have been available to Kindle users since December 2008 for a monthly subscription cost of $11.99. For your convenience, issues are auto-delivered wirelessly to your Kindle at the same time the print edition hits the newsstand.
USA TODAY was founded in 1982 with a mission to serve as a forum for better understanding and unity to help make the USA truly one nation. Through its flagship newspaper and popular Web site, USA TODAY engages the national conversation and connects readers online through social media applications. USA TODAY, the nation's top-selling newspaper with a total average daily circulation of 2.3 million, and USATODAY.com, an award-winning newspaper Web site which launched in 1995, reach a combined 5.5 million readers daily. The USA TODAY news and information brand also includes: USA TODAY Education, USA TODAY LIVE, USA TODAY Mobile, Open Air magazine and USA TODAY Sports Weekly. USA TODAY is owned by Gannett Co., Inc. .
USA TODAY
CONTACT: Heidi Zimmerman, Director/Communications, +1-703-854-5304, hzimmerman@usatoday.com, or Alexandra Nicholson, Manager/Communications, +1-703-854-5872, anicholson@usatoday.com, both of USA TODAY
Web Site: http://www.usatoday.com/
Johnson Controls-Saft Announces Plan to Build Lithium-ion Hybrid Battery Plant in Michigan
LANSING, Mich., April 14 /PRNewswire/ -- Johnson Controls-Saft today announced plans to build its first U.S. cell manufacturing facility for lithium-ion hybrid batteries. Subject to final State and local incentives, the company will use an existing Johnson Controls facility at its Meadowbrook 48th Street site in Holland, Michigan.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081030/AQTH055ALOGO)
"Battery technology is strategically important to the future of the U.S. automotive industry and the economy at large," said Alex Molinaroli, president of Power Solutions for Johnson Controls. "Our first U.S. plant will bring about 500 jobs to Michigan, and many additional jobs through suppliers and the businesses these employees will support. It is a key element of our broader strategy and commitment to the hybrid vehicle industry in North America."
Johnson Controls-Saft is a leading global provider of hybrid battery systems. The company opened the world's first lithium-ion manufacturing facility for hybrid electric vehicles in 2008 in Nersac, France, where it is currently in production for the Mercedes S-Class hybrid, which will be available to consumers later this year. Additionally, Johnson Controls-Saft will supply the lithium-ion hybrid battery system for the BMW 7 Series ActiveHybrid available in 2010, Azure Dynamic's Balance(TM) Hybrid Electric for commercial vehicles available in 2010, and Ford's first plug-in hybrid electric vehicle available in 2012.
"This Michigan facility will allow us to serve our strategic global customers, and specifically the production contracts we have with Ford and Azure Dynamics. It will also allow us to serve other important customers as the hybrid and electric vehicle industry continues to gain a foothold in the United States," said Mary Ann Wright, who leads the Johnson Controls-Saft joint venture and is vice president and general manager of Johnson Controls hybrid business.
"Ford is pleased that Johnson Controls-Saft has been selected by the State of Michigan to receive incentives," said Susan Cischke, group vice president Sustainability, Environment and Safety Engineering for Ford Motor Company. "They are well positioned to become a key manufacturer of advanced lithium-ion batteries for electrified vehicles. We have partnered with Johnson Controls-Saft to supply the lithium-ion batteries for our plug-in electric vehicle coming in 2012, as part of our overall electrification strategy. We see this as an important step to building a domestic advanced battery industry."
The cost to renovate the Holland, Mich., facility for lithium-ion automotive battery production is approximately $220 million. It will have an initial capacity of 15 million lithium-ion cells.
Johnson Controls-Saft will receive a combination of tax credits and incentives from the state of Michigan totaling $148.5 million as part of the state's strategy to become the "advanced battery capital of the world." Michigan Governor Jennifer M. Granholm today announced that the Michigan Economic Growth Authority has awarded Johnson Controls-Saft a package in support of cell manufacturing.
"Johnson Controls is an important Michigan employer with a successful long-term relationship with the automakers," Governor Jennifer M. Granholm said. "Their new hybrid battery plant will bring valuable jobs to the state as well as boost our strategy to make Michigan the advanced-battery capital of the world."
Added Molinaroli, "Johnson Controls has a long and proud history of manufacturing in Michigan. This plant is a demonstration of our commitment to our strong customer relationships there as well as our nearly 10,000 dedicated employees."
The Michigan facility is an important step in Johnson Controls' continuing commitment to build a manufacturing infrastructure for hybrid and electric vehicles in the United States. With its demonstrated track record and the endorsement from strategic customers such as Ford and Azure Dynamics the company will also apply for a grant through the federal American Recovery and Reinvestment Act (ARRA) in May.
About Johnson Controls-Saft
Johnson Controls-Saft is a joint venture that has brought together Johnson Controls -- the world's leading supplier of automotive batteries and a company deeply experienced in integrated automotive systems solutions -- with Saft, an advanced energy storage solutions provider with extensive Li-ion battery expertise.
About Saft
Saft (Euronext: Saft) is a world specialist in the design and manufacture of high-tech batteries for industry. Saft batteries are used in high performance applications such as industrial infrastructure and processes, transportation, space and defense. Saft is the world's leading manufacturer of nickel-cadmium batteries for industrial applications and of primary lithium batteries for a wide range of end markets. The group is also the European leader for specialized advanced technologies for the defense and space industries. With approximately 4,000 employees worldwide, Saft is present in 18 countries. Its 15 manufacturing sites and extensive sales network enable the group to serve its customers worldwide. Saft is listed in Paris' Stock Market. The stock is mentioned in SBF 120 index. For more information, visit Saft at http://www.saftbatteries.com/
About Johnson Controls
Johnson Controls is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers. For additional information, please visit http://www.johnsoncontrols.com/.
Photo: http://www.newscom.com/cgi-bin/prnh/20081030/AQTH055ALOGO http://photoarchive.ap.org/ photodesk@prnewswire.com
Johnson Controls
CONTACT: Rebecca Fitzgerald of Johnson Controls, +1-414-524-2945, Rebecca.K.Fitzgerald@jci.com; or Kona Luseni, +1-646-291-7346, kluseni@makovsky.com, for Johnson Controls
Web Site: http://www.johnsoncontrols.com/
Verizon Wireless' Chicagoland Customers Are Covered During Tornado SeasonCompany Completes Installation of Backup Generators at Cell Sites
CHICAGO, April 14 /PRNewswire/ -- Verizon Wireless recently completed the installation of permanent backup generators at every cell site possible in Chicago and surrounding suburbs, ensuring its customers can continue to communicate during power outages, tornados, flooding and other disasters.
The backup generators, which cost about $35,000 each and can keep a cell site up and running for days before needing refueling, enable Verizon Wireless' network to remain operational in times of emergency when power goes out.
Verizon Wireless' network team will deploy portable generators during emergencies to the few cell sites that do not have permanent backup generators due to environmental or location reasons, so that these remain operational as well.
The generators serve as a redundancy measure, augmenting the battery back-up power installed at all Verizon Wireless cell sites.
"Network reliability is the No. 1 reason that customers choose and stay with Verizon Wireless," said T.J. Fox, president-Illinois/Wisconsin Region, Verizon Wireless. "We build redundancy into our network so that our customers can depend on us every time they pick up their wireless device -- particularly in times of emergency."
Verizon Wireless has invested more than $50 billion since it was formed --$5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. Of this investment, $1.2 billion was spent in Illinois, including more than $179.5 million in 2008.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving more than 80 million customers. Headquartered in Basking Ridge, N.J., with more than 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Carolyn A. Schamberger, APR, of Verizon Wireless, +1-847-619-4282, carolyn.schamberger1@verizonwireless.com; or Tricia Walli, +1-312-988-2019, pwalli@webershandwick.com, for Verizon Wireless
Web Site: http://www.verizonwireless.com/
Anacomp Achieves Prestigious SAS 70 Type II Certification for Security and Document ControlsHerndon Operations Center Designation Confirms Best-of-Breed Technology Platform for Hosted CaseLogistix and Other Customers
SAN DIEGO, APRIL 14 /PRNewswire-FirstCall/ -- Anacomp(R) Inc., a leading business process solutions company, today announced that it has received a full, unqualified SAS 70 Type II certification of its Herndon, VA operations center. The certification signifies the document hosting facility's operational controls and security procedures have been rigorously reviewed by an independent certified public accounting firm, and ensures the controls employed there have been suitably designed, tested and are operating at maximum efficiency.
Anacomp's Herndon facility serves as the key technology backbone of hosted CaseLogistix(R), Anacomp's flagship litigation review platform, as well as the company's other hosted business process solutions. The certification provides additional, third-party confirmation that users of Anacomp's hosted solutions are leveraging proven, best-of-breed technologies that meet the strictest criteria for robust infrastructure and unwavering security.
"Achieving our SAS 70 Type II certification provides yet another demonstration of our ongoing commitment to delivering the very best technology to our customers," said Tom Cunningham, Anacomp's Senior Vice President of Worldwide Operations. "By continuing to bolster and invest in our proven docHarbor(R) information infrastructure, we're able to offer a hosted litigation support solution that is unmatched in the industry in its ability to accelerate review processes and reduce costs, and do so with minimal upfront capital or infrastructure investments for users."
Anacomp has invested over $60 million in its Herndon data center, which hosts over 14 billion documents for a variety of customers. The site offers unlimited information storage capacity, round-the-clock support and a range of state-of-the-art security features. For the SAS 70 audit, RSM McGladrey Inc., a leading national business consulting, accounting and tax firm, closely examined and monitored the center, reviewing and testing its control environments supporting hosted CaseLogistix and Anacomp's other document management services. The firm examined and certified controls in the areas of organization structure, governance and administration, physical and environmental, and system access, availability and performance.
Established by the American Institute of Certified Public Accountants, SAS 70 is a widely recognized auditing standard for service organizations to demonstrate they have adequate controls and processes in place. A SAS 70 examination demonstrates that an independent accounting and auditing firm has reviewed and examined an organization's control objectives and activities. At the conclusion of the examination, a formal report including the auditor's opinion is issued to the examined organization.
CaseLogistix enables legal teams to quickly collect, organize, review, analyze and produce any amount of electronically stored information (ESI) using an interface similar to that of Microsoft(R) Outlook(R). The system is fully Unicode compliant and is able to recognize all foreign language character sets. In addition, CaseLogistix's innovative docNative(TM) Paradigm approach to eDiscovery emphasizes native file review, empowering users to view hundreds of file types, including audio and video, without the need of third party file conversions. Anacomp's docNative Paradigm also empowers the ability to manage images such as TIFFS, so hybrid format environments of TIFFS, near-native, and native files are seamless to the user.
About Anacomp
With 40 years of experience and a passionate commitment to client services, Anacomp partners with its customers to help them realize the full potential of their business processes at the lowest total cost of ownership. Possessing one of the world's largest online document repositories as well as a large, independent field services organization, Anacomp's offerings serve hundreds of original equipment manufacturing (OEM) partners and thousands of end users in legal, insurance, financial services, government and other markets. For more information, visit http://www.anacomp.com/ or call (800) 364-9870.
DocNative is a trademark, and Anacomp, docHarbor and CaseLogistix are registered trademarks of Anacomp, Inc. All other trademarks or registered trademarks are the property of their respective owners.
Anacomp Inc.
CONTACT: Rob Jensen, Senior Director of Marketing of Anacomp Inc., +1-858-716-3549, rob.jensen@anacomp.com
Web Site: http://www.anacomp.com/
Free FileMaker Themes Pack Now Available for Limited Time OnlyGet the popular FileMaker Themes Pack free with purchase and registration of FileMaker Pro 10 database software
SANTA CLARA, Calif., April 14 /PRNewswire-FirstCall/ -- FileMaker, Inc. today announced the FileMaker Themes Pack, available free with the purchase and registration of FileMaker Pro 10 software products for a limited time.
The FileMaker Themes Pack includes 10 beautiful ready-to-use layouts with color coordinated backgrounds, fonts, shading, tabs and buttons to instantly add professional polish and style to any database. The Themes Pack is available now through June 19, 2009, to customers who purchase and register individual licenses of FileMaker Pro 10, FileMaker Pro 10 Advanced, FileMaker Server 10 and FileMaker Server 10 Advanced.
And now through June 25, 2009, customers buying the FileMaker 10 Starter Bundles also get the FileMaker Themes Pack as a bonus download. FileMaker 10 Starter Bundles help workgroups get started quickly using FileMaker 10 databases while also providing substantial savings on multiple licenses. Each Bundle includes FileMaker Pro 10 licenses, FileMaker Server 10 and one year of FileMaker Maintenance for updates and upgrades.
Customers can take advantage of the sleek new look and timesaving features of FileMaker Pro 10 and FileMaker Server 10 by choosing from the following three Starter Bundles:
-- The 5-User Bundle includes:
-- Five FileMaker Pro 10 licenses
-- One FileMaker Server 10 license
-- One year of FileMaker Maintenance
-- Bonus download of the FileMaker Themes Pack
-- Priced at $1,999 - a savings of $375 compared to regular volume
licensing prices
-- The 10-User Bundle includes:
-- 10 FileMaker Pro 10 licenses
-- One FileMaker Server 10 license
-- One year of FileMaker Maintenance
-- Bonus download of the FileMaker Themes Pack
-- Priced at $3,199 - a savings of $530 compared to regular volume
licensing prices
-- The 25-User Bundle includes:
-- 25 FileMaker Pro 10 licenses
-- One FileMaker Server 10 license
-- One year of FileMaker Maintenance
-- Bonus download of the FileMaker Themes Pack
-- Priced at $6,599 - a savings of $855 compared to regular volume
licensing prices
The new FileMaker 10 Starter Bundles are available for downloading at http://www.filemakeroffer.com/bundle. The offer is valid in the U.S., Canada and Latin America on orders placed between April 7, 2009, and June 25, 2009.
The new FileMaker Pro 10
Along with enjoying the new design and interface of FileMaker Pro 10, users of FileMaker 10 Starter Bundles can now save a series of searches and perform them in one click. For example, if you want to create a find request for customers in California who have spent more than $1,000 in the past year, but have not ordered in the last three months, FileMaker Pro 10 will save the search so you can access it over and over again in the future.
FileMaker Pro 10 also introduces Script Triggers, allowing both users and developers new options for automating tasks and boosting productivity. Now you can specify that a FileMaker Script (similar to a spreadsheet macro) will run based on timing or whenever users take a specified action in Browse Mode or Find Mode, such as clicking in a field or exiting a viewing mode. FileMaker Pro comes with 12 ready-to-use Script Triggers (five object-based and seven layout-based).
One of the most popular uses of databases is to create reports. With FileMaker Pro 10, you can now create beautiful reports -- simple or sophisticated -- that are based on your data. And, unique only to FileMaker Pro 10, you can actually make changes directly to the underlying data from within your report "on-the-fly" as you work. Any changes you may make to the data within your report will also show up immediately in the database, without ever having to switch views!
Other new FileMaker Pro 10 features include:
-- Enhanced Quick Start Screen -- Get going quickly with the new "See it,
Use it, Learn it" interface to start learning how to use FileMaker
Pro. Plus easily create databases from existing data sources like
.CSV, Tab, and also now from Excel 2007 (.xlsx) or Bento 2.
-- Enhanced SQL support -- Now you can display, access and use data from
even more SQL sources, including SQL tables in Microsoft SQL Server
2008, Oracle 11g and MySQL 5.1 community edition.
-- Send Mail via SMTP -- Save time by sending e-mail directly from
FileMaker Pro instead of having to open your e-mail client.
About FileMaker, Inc.
FileMaker, Inc. develops award-winning database software. Its products include the legendary FileMaker Pro product line for Windows, Mac and the Web, and the new Bento personal database for Mac. FileMaker Pro won 52 awards, more than its next eight competitors combined, from 2003-2009 in the U.S., and a total of 134 awards worldwide during this time. Millions of customers, from individuals to large organizations, rely on FileMaker, Inc. software to manage, analyze and share information. FileMaker, Inc. is a subsidiary of Apple Inc.
Customer contact:
1-800-325-2747
(C)2009 FileMaker, Inc. All rights reserved. FileMaker is a trademark of FileMaker, Inc., registered in the U.S. and other countries. All other trademarks are the property of their respective owners. Prices listed are suggested list prices, and reseller pricing may vary.
FileMaker, Inc.
CONTACT: Kevin Mallon of FileMaker, Inc., +1-408-987-7227, kevin_mallon@filemaker.com
Web Site: http://www.filemaker.com/ http://www.filemakeroffer.com/bundle
Panasonic Announces Major Expansion of Its Nationwide Consumer Electronics Recycling in SoutheastRelationship With Creative Recycling Systems Adds More Than 30 New Drop-Off Sites Across The Southeastern United StatesPanasonic Recycling Program Now Offers More Than 300 Locations Covering All 50 States
SECAUCUS, N.J., April 14 /PRNewswire/ -- Panasonic Corporation of North America, a market and technology leader in High Definition consumer and digital electronics products, announced today a major expansion of its Nationwide Recycling Program. The expansion will initially add more than 30 drop-off sites to Panasonic's Nationwide Recycling Program in the Southeastern United States including Florida, Georgia, North Carolina, South Carolina, Tennessee and Virginia with plans to add additional locations in the Southeast throughout the Spring.
"We appreciate Panasonic's commitment to Product Stewardship and welcome their recycling expansion into the state of Florida," said Mary Jean Yon, Director of the Division of Waste Management in the Florida Department of Environmental Protection.
Panasonic's Nationwide Recycling Program, which began in November 2008, was created to provide consumers convenient and easy recycling of their Panasonic branded TVs and other consumer electronics(1). By January 2009, the program had 280 drop-off locations covering all 50 states. Included as drop-off sites in the program are Panasonic's North American headquarters in Secaucus, NJ, as well as their corporate facilities in Chesapeake, VA and Rolling Meadows, IL. Today's announced expansion brings the current number of drop-off locations to 310 nationwide.
"At the 2009 Consumer Electronics Show in January, Panasonic announced plans for an aggressive expansion of our nationwide recycling program through 2011," said Yoshi Yamada, Chairman and CEO of Panasonic Corporation of North America. "We are ahead of our projected timing to reach 400 drop-off locations by December 2009, and plan to continue expanding this program with a goal of having more than 800 drop-off sites participating in the program by 2011."
"Panasonic's program has a dual focus; consumer convenience and environmentally sound recycling," said Richard Vernam, who heads Panasonic's Recycling Office. "Consumers can drop off their Panasonic products free of charge and the program will help to divert these end-of-life consumer electronics out of the common waste stream and help ensure they enter a separate and environmentally responsible recycling stream."
Panasonic is also working collaboratively with other consumer electronics manufacturers. A significant part of Panasonic's recent recycling expansion stems from a new relationship between Electronic Manufacturers Recycling Management Company, LLC (MRM) - a joint venture established in 2007 by Panasonic Corporation of North America, Sharp Electronics Corporation and Toshiba America Consumer Products, LLC. -- and Creative Recycling Systems, Inc. (CRS) which operates collection facilities in the Southeast and Midwest regions of the United States. Day-to-day management of the Panasonic's Recycling Program is contracted to MRM. The MRM venture was created to address America's e-waste recycling needs most efficiently by bringing the electronic product manufacturing community together into a unified, voluntary effort.
For a list of all Panasonic Nationwide Recycling Program drop-off sites, please visit http://www.mrmrecycling.com/.
About Panasonic's Eco Ideas Initiatives
By continuing to work with environmental stakeholders, Panasonic expects to increase public awareness of the convenience, ease and reliability of its electronics recycling program in the U.S. In fact, promoting employee and public awareness of environmental responsibility is one central element of Panasonic's worldwide environmental initiatives. Other key elements include the global company's pledges to reduce annual CO2 emissions by 300,000 tons on a global basis over the three year period between fiscal 2008 and 2010 despite growth in production and to introduce products which are easier to recycle and increasingly more energy efficient. These actions are part of Panasonic's ongoing, global 'Eco Ideas' campaign to help achieve an environmentally sustainable future.
About Panasonic
Based in Secaucus, NJ, Panasonic Corporation of North America markets a broad line of digital and other electronics products for consumer, business and industrial use. The company is the principal North American subsidiary of Panasonic Corporation of Osaka, Japan, and the hub of Panasonic's U.S. branding, marketing, sales, service and R&D operations. Information about Panasonic and its products is available at http://www.panasonic.com/. Detailed information about Panasonic's environmental stewardship may be found in its Panasonic Report for Sustainability 2008 http://www.panasonic.net/csr/reports and Environmental Data Book 2008 http://www.panasonic.net/eco/rpt/. Additional company information for journalists is available at http://www.panasonic.com/pressroom.
(1) Panasonic consumer electronics equipment consists of, but is not limited to, portable stereos, DVD players, home theater systems, laptop computers, stereo equipment, telephones, TVs and VCRs.
Panasonic Corporation of North America
CONTACT: Chris De Maria, +1-201-348-7182, demariac@us.panasonic.com, or Jim Reilly, +1-201-392-6067, reillyj@us.panasonic.com, both of Panasonic; or Blayne Murphy of Cohn & Wolfe, +1-212-798-9763, blayne.murphy@cohnwolfe.com, for Panasonic
Web Site: http://www.panasonic.com/
Perot Systems Positioned as 'Leader' in 2009 Gartner Magic QuadrantsCompany Placed in Desktop and Help Desk Quadrants
PLANO, Texas, April 14 /PRNewswire-FirstCall/ -- Perot Systems Corporation today announced that it has been positioned as a "Leader" by Gartner, Inc., a major analyst firm for the global IT Services industry, in both the "Magic Quadrant for Desktop Outsourcing Services, North America, 2009"(1) and "Magic Quadrant for Help Desk Outsourcing, North America, 2009"(2) reports.
"Perot Systems is pleased to be a Leader in Gartner's Magic Quadrant Reports," said Peter Altabef, president and CEO of Perot Systems. "We are also proud that the rankings validate the quality of IT services we deliver to our clients."
The Gartner Magic Quadrant Reports are a representation of how certain IT industry vendors measure against completeness of vision and ability to execute.
Gartner states that companies positioned in the "Leaders" quadrant for desktop outsourcing are "performing their service solutions skillfully, have a clear vision of the desktop outsourcing services market's direction, and are actively building and improving their competencies to sustain their leadership positions."
Companies positioned in the "Leaders" quadrant for help desk outsourcing have "demonstrated that they have significant help desk outsourcing experience and understand the dynamics needed to deliver help desk services successfully," according to Gartner.
"Our clients trust us to provide reliable, high quality support services for their IT users around the world," said Scott Barnes, head of the company's global infrastructure operations. "For Perot Systems, this report reaffirms the deep commitment and dedication we have for our clients across the entire spectrum of services we provide."
Using industry best practices, Perot Systems supports 250,000 desktops for clients, and handles more than 3 million help desk calls each year from end users around the globe. Our clients are able to draw upon the company's complete range of infrastructure solutions, which include end-user services, messaging and collaboration, network services, information security, and data center and cloud-based services.
(1) Gartner Research "Magic Quadrant for Desktop Outsourcing Services, North America" by W. Maurer, R. Matlus. March 3, 2009.
(2) Gartner Research "Magic Quadrant for Help Desk Outsourcing, North America" by R. Matlus, W. Maurer. March 4, 2009.
About the Gartner Magic Quadrant
The Magic Quadrant is copyrighted 2009 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2008 revenue of $2.8 billion. The company has more than 23,000 associates located in the Americas, Europe, Middle East and Asia Pacific. Additional information on Perot Systems is available at http://www.perotsystems.com/.
This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For factors that could affect our business and cause actual results to differ materially, please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2008, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/, as updated in our Quarterly Reports on Form 10-Q filed after such Form 10-K, for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.
MEDIA CONTACTS:
PEROT SYSTEMS CORPORATION
US - Global
Joe McNamara
+1 972 577 6165
joe.mcnamara@ps.net
Perot Systems Corporation
CONTACT: Joe McNamara of Perot Systems Corporation, US - Global, +1-972-577-6165, joe.mcnamara@ps.net
Web Site: http://www.perotsystems.com/
Company News On-Call: http://www.prnewswire.com/comp/122686.html
Jacobs to Hold Second Quarter Earnings Conference Call and Webcast
PASADENA, Calif., April 14 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. will release its second quarter results before the market opens on Tuesday, April 28, 2009.
The company will then host a conference call at 11:00 AM Eastern Time, during which management will make a brief presentation focusing on the company's results, strategies, and operating trends.
Interested parties can listen to the conference call and view accompanying slides on the Internet at http://www.jacobs.com/.
Jacobs, with over 55,000 employees and revenues exceeding $12.0 billion, provides technical, professional, and construction services globally.
Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2008 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090109/JACOBSEGLOGO)
For additional information contact:
John W. Prosser
626.578.6803
Photo: http://www.newscom.com/cgi-bin/prnh/20090109/JACOBSEGLOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Jacobs Engineering Group Inc.
CONTACT: John W. Prosser of Jacobs Engineering Group Inc., +1-626-578-6803
Web Site: http://www.jacobs.com/
High-Performance MIPS64(R) Architecture Drives Cavium Networks' New OCTEON(TM) II ProcessorsInternet Application Processors Target Next Generation of 'Hyper Networks'
MOUNTAIN VIEW, Calif., April 14 /PRNewswire-FirstCall/ -- MIPS Technologies, Inc. , a leading provider of industry-standard architectures, processors and analog IP for digital consumer, home networking, wireless, communications and business applications, today announced that its ultra high-performance MIPS64(R) architecture is powering the new OCTEON(TM) II Internet Application Processors (IAP) introduced today by Cavium Networks . The OCTEON II family with up to 32 MIPS64 cores is the latest in Cavium's successful line of scalable multi-core OCTEON processors based on the MIPS64 architecture, and it sets a new record for the maximum number of MIPS64 processor cores in a single chip.
OCTEON II processors are designed for the next generation of 'hyper networks' serving enterprise, data center, access and service provider markets that require support for converged data, voice and video. Target applications for OCTEON II include switches, routers, appliances and equipment for 3G, WiMAX, LTE and wireless LAN, and unified storage systems and adapters. The OCTEON II family integrates between 1 and 32 MIPS64 cores, up to 75 application acceleration engines for quality of service, packet processing, TCP, compression, encryption, RAID, de-duplication and regular expression processing, up to 400Gbps of DDR3 memory bandwidth, and up to 100Gbps of network connectivity while consuming only 2W to 60W of power across the entire family.
"The MIPS(R) architecture is unsurpassed in performance and ecosystem for networking and communications applications," said Syed Ali, president and CEO, Cavium. "Over the years, literally millions of lines of code have been written for the MIPS architecture. With a vast ecosystem of software and OS support, and a large number of companies developing chips based on it, it is the architecture of choice for networking and communications. The openness and flexibility of the MIPS architecture enable Cavium to develop highly innovative products that break new ground in terms of performance and functionality."
"Cavium is a flag-bearer of the MIPS architecture, bringing high-performance, groundbreaking multi-core designs to the communications, networking and storage markets," said John Bourgoin, president and CEO, MIPS Technologies. "In less than five years, Cavium has gained strong traction in these markets, and has worked with MIPS to build a broad base of third party multi-core support around its products. In this way, Cavium is helping to provide important technologies that help many other companies build MIPS-Based(TM) products. Our long-term relationship with Cavium continues to deliver successful results, and we look forward to partnering with them as they bring future MIPS-based designs to market."
Cavium is a leading provider of semiconductor products that enable intelligent processing for networking, communications, storage, wireless, video and security applications. For more information about the company's new OCTEON II processor family, visit: http://www.caviumnetworks.com/OCTEON_II_MIPS64.html.
The MIPS64 architecture sets a new performance standard for 64-bit MIPS-Based embedded processors. The MIPS architecture is the leading embedded processor technology because of its robust instruction set, scalability from 32-bits to 64-bits, availability of software development tools, and widespread support from numerous MIPS Technologies licensees. By incorporating powerful features, standardizing privileged mode instructions, supporting past ISAs and providing an upgrade path from the MIPS32(R) architecture, the MIPS64 architecture provides a solid high-performance foundation for future MIPS processor-based development.
About MIPS Technologies, Inc.
MIPS Technologies, Inc. (NasdaqGS: MIPS) is the world's second largest semiconductor design IP company and the number one analog IP company worldwide. With more than 250 customers around the globe, MIPS Technologies is the only company that provides a combined portfolio of processors, analog IP and software tools for the embedded market. The company powers some of the world's most popular products for the digital entertainment, home networking, wireless, and portable media markets--including broadband devices from Linksys, DTVs and digital consumer devices from Sony, DVD recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco, 32-bit microcontrollers from Microchip Technology and laser printers from Hewlett-Packard. Founded in 1998, MIPS Technologies is headquartered in Mountain View, California, with offices worldwide. For more information, contact (650) 567-5000 or visit http://www.mips.com/.
MIPS, MIPS32, MIPS-Based and MIPS64 are trademarks or registered trademarks in the United States and other countries of MIPS Technologies, Inc. All other trademarks referred to herein are the property of their respective owners.
MIPS Technologies, Inc.
CONTACT: Jen Bernier of MIPS Technologies, Inc., +1-650-567-5178, jenb@mips.com; or Angel Atondo of Cavium Networks, +1-650-623-7033, angel.atondo@caviumnetworks.com
Web Site: http://www.mips.com/ http://www.caviumnetworks.com/
MICROS Systems, Inc. FY 2009 Third Quarter Conference Call Instructions
COLUMBIA, Md., April 14 /PRNewswire-FirstCall/ --
MICROS SYSTEMS, INC.
Conference Call
Thursday, April 30, 2009
4:45 PM EDT
You are cordially invited to participate in a conference call with MICROS's management on Thursday, April 30, 2009, at 4:45 PM EDT, during which time the FY 2009 - 3rd quarter financial results will be discussed. The financials will be released publicly at 4:15 PM EDT, on Thursday, April 30, 2009, 30 minutes prior to the conference call. Participating from MICROS will be:
Chairman and Chief Executive Officer Tom Giannopoulos
Executive VP and Chief Financial Officer Gary C. Kaufman
Executive Vice President, Investor Relations Peter J. Rogers, Jr.
To participate in the conference call, please call 1-800-732-5617, between 4:35 PM EDT and 4:40 PM EDT. Please state your name and reference MICROS Systems to begin participating in the call when the operator is available. If you are dialing outside of the U.S. and Canada, please call 1-212-231-2901, and state your name and reference MICROS Systems.
In case you are unable to participate in the conference call, an automatic replay will be available from 6:45 PM EDT, Thursday, April 30, 2009 through 6:45 PM EDT, Thursday, May 7, 2009. Please dial 1-800-633-8284 and enter the conference id number 21420083. If you are dialing outside the U.S. and Canada, please call 1-402-977-9140, and enter the conference id number 21420083.
Investors will have the opportunity to listen to the conference call/event over the Internet through PR Newswire at http://www.videonewswire.com/event.asp?id=57328.
To listen to the live call/event, please go to the PR Newswire web site at least fifteen minutes prior to 4:30 PM EDT, Thursday, April 30, 2009 to register, download, and install any necessary audio software. (Minimum Requirements to listen to broadcast: The Windows Media Player or Real Player software and at least a 28.8Kbps connection to the Internet.) If you experience problems listening to the broadcast, please contact PR Newswire Web casting Services at 201-369-5240.
MICROS looks forward to your participation in this conference call.
MICROS Systems, Inc.
CONTACT: Julie Griffin of MICROS Systems Inc., +1-443-285-8112
Web Site: http://www.micros.com/
Sunovia and EPIR Announce $9 Million SBIR Award CdTe/Si Wafer Commercialization and Capacity Expansion
SARASOTA, Fla., April 14 /PRNewswire-FirstCall/ -- Sunovia Energy Technologies, Inc. (BULLETIN BOARD: SUNV) (hereinafter "Sunovia") and EPIR Technologies, Inc. (hereinafter 'EPIR' and collectively with Sunovia, 'the Partners' or 'the Partnership') announce the receipt of a $9 million Defense Department SBIR Phase III contract that allows for the expansion of production capacities and capabilities of the Partners' cadmium telluride on silicon (CdTe/Si) manufacturing program.
The Partners are the only companies in the solar energy business that are capable of growing single-crystal, high-quality CdTe/Si wafers. The growth of CdTe/Si was pioneered by Dr. Siva Sivananthan of EPIR for applications in the infrared imaging industry. After more than ten years of research and development, the Partners have achieved the successful commercialization of CdTe/Si wafers. These wafers drastically reduce the cost of infrared cameras for the US military. Most of this research was funded by the Department of Defense, and is resulting in growing sales in three different areas of the market.
This breakthrough technology is now being adapted for the solar markets, and they are ahead of schedule in delivering ultra-high efficiency solar cells that can be produced at about one-fifth the cost of today's high-efficiency solar cells. The speed and success that they have achieved to date in the commercialization of these new solar cells has allowed the Partners to accelerate the marketing of solar power to the global utilities and governmental markets. The Partners are currently under contract to install 20 MW of solar energy at the Cibernetique Parque in Santo Domingo, Dominican Republic.
The Partners' unprecedented capabilities are coupled with a virtual monopoly on the world's experts in this solar manufacturing technology, which creates a formidable obstacle for any potential competitor. The Partners are aware of no competitor in the industry today, including First Solar and SunPower, that is capable of achieving a comparable cost per Watt. The expertise within the Partnership in areas including semiconductor materials, light detection arrays, infrared imaging sensors and complete system integration provides them with a marked advantage in the commercialization of breakthrough solar and infrared products.
Dr. Siva Sivananthan, Chairman and CEO of EPIR, stated, "Senator Durbin's continued support has been extremely helpful, and I expect to continue rewarding his support with innovation and achievement that exceeds expectations and contributes substantially both to the protection of our soldiers, our country, our economic growth and the health of our environment."
About Sunovia Energy Technologies, Inc.
Sunovia(TM) Energy Technologies is a Sarasota, Florida-based energy independence company. Sunovia's primary lines of business are advanced, cost-effective concentrated photovoltaic (CPV) and flat panel solar systems that employ patented cadmium telluride (CdTe) solar cell and infrared (IR) technologies, and energy-efficient LED lighting products marketed under the EvoLucia(TM) brand. In addition, Sunovia has exclusive marketing rights to infrared products produced by EPIR Technologies, Inc. for civilian and military night vision markets.
Sunovia's solar and LED lighting technologies are among the most cost and energy efficient in the world, and the Company's research and development is dedicated to ensuring that Sunovia stays at the forefront of the renewable energy curve as markets expand and territories are defined. Sunovia is being advised by pre-eminent authorities in the field of renewable energy, including former Secretary of Energy Spencer Abraham and former Under Secretary of Commerce Kenneth I. Juster.
Sunovia owns a significant equity interest in Illinois-based EPIR Technologies, Inc., a global leader in the field of IR sensors and IR imaging that has pioneered the commercialization of CdTe on Si and HgCdTe on Si photovoltaic products, EPIR's collective infrared knowledge and experience is believed to exceed any company in the world. It's Founder, Chairman and CEO Dr. Sivalingam Sivananthan is the pioneer of HgCdTe growth by MBE and is a world renowned leader in this technology. EPIR holds the patent for growing CdTe directly on a Si readout integrated circuit, for which the company is developing a manufacturing capability with Congressional funding. Sunovia and EPIR have a network of close collaborative relationships, including the Army Research Laboratory, the National Renewable Energy Laboratory, the Night Vision Electronic Sensors Directorate, BAE Systems, and other laboratories around the world.
More information about the exclusive partnership between Sunovia and EPIR is available in Sunovia's Securities and Exchange filings at http://www.sec.gov/, or at the Partners' websites, http://www.sunoviaenergy.com/ and http://www.epir.com/.
The Sunovia(TM) logo is a registered service mark of Sunovia Energy Technologies, Inc. in the United States and/or other countries. Sunovia Energy products and services and EvoLucia(TM) products and services are provided by Sunovia Energy Technologies, Inc.
Forward-Looking Statement
Some of the statements made by Sunovia in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Sunovia believes that its primary risk factors include, but are not limited to: development and maintenance of strategic acquisitions; domestic and international acceptance of our product lines; defending our intellectual property and proprietary rights; development of new products and services that meet customer demands and generate acceptable margins; successfully completing commercial testing of new technologies and systems to support new products and services; and attracting and retaining qualified management and other personnel. Additional information concerning these and other important factors can be found within Sunovia's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors.
Sunovia Energy Technologies, Inc.
CONTACT: Craig Hall of Sunovia, +1-941-751-6800, Craig.hall@sunoviaenergy.com
Web Site: http://www.sunoviaenergy.com/ http://www.epir.com/
CSC to Support Development of Insurance Industry StandardsCompany Chosen to Co-chair ACORD Working Group on Illustrations Software
FALLS CHURCH, Va., April 14 /PRNewswire/ -- CSC today announced that ACORD, a global standards development organization serving the insurance industry, has selected CSC and a leading North American life insurer to co-chair a new working group formed to develop more comprehensive standards for insurance illustrations tools. These software applications help insurers explain complex policy information to prospects through hypothetical scenarios.
The working group, which consists of a variety of insurers and solution providers, will recommend additions and enhancements to existing standards used by illustrations systems and the service-oriented-architecture-enabled calculation engines that support them. These standards are a set of rules and guidelines that enable multiple parties to transact insurance business electronically with greater consistency and accuracy.
The group will submit its recommendations to the ACORD membership for inclusion in ACORD specifications before the end of the year.
"We asked CSC to co-chair this important working group not only because of the company's expertise in serving the insurance industry's technology needs, but also because of their long-standing commitment to and support of data standardization for insurers," said Cliff Chaney, program director, ACORD.
"We are honored to co-lead ACORD's illustrations working group," said Michael W. Risley, president of the Life Insurance and Annuity Division within CSC's Financial Services Group. "By participating in standards development, CSC is taking an active role in helping to improve the efficiency of communications among insurance companies, agents, brokers and other data partners."
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: Marian Kelley, Director, Media and Analyst Relations of Financial Services Group, +1-512-275-5722, mkelley3@csc.com, or Janet Herin, Sr. Manager, Media Relations of Corporate, +1-310-615-1693, jherin@csc.com, both of CSC
Web Site: http://www.csc.com/
Introducing Belden's New Flexible KeyConnect(TM) Workstation Outlet System for High-Performance, Easy-to-Install Work Area Outlets
RICHMOND, Ind., April 14 /PRNewswire-FirstCall/ -- Belden , a world leader in the development of signal transmission products for enterprise, industrial, building management, broadcast and security applications, has introduced a new KeyConnect Workstation Outlet System that provides high density, flexibility and ruggedness for high-performance copper, fiber and multimedia applications at the work area outlet.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060824/CGTH005LOGO)
Benoit Chevarie, Product Line Manager of Belden's Copper Connectivity products, states: "The KeyConnect Workstation Outlet System uses a modular approach that provides versatility across several applications, uniform aesthetics and reduced inventory while maintaining Belden's reputation for reliable signal transmission performance, durability and manageability."
The KeyConnect System is comprised of KeyConnect Faceplates, Adapters, Boxes and Modules. Each modular component of the Belden KeyConnect Workstation Outlet System seamlessly fits together to suit any data, voice, video or multimedia application, including all levels of data networking, CCTV and high-definition video, fiber-to-the-desk and audio-visual applications. The various styles of KeyConnect Adapters and Boxes also support modular furniture and surface mount applications.
The new KeyConnect System features a wide range of UTP, coax, fiber and audio-visual modules with a smaller footprint for high-density use in patch panels and outlets. The modules snap effortlessly into Belden KeyConnect and MediaFlex(R) faceplates, adapters and boxes at the workstation outlet and into KeyConnect and AngleFlex(TM) Patch Panels in the Data Center. They are easily inserted and removed from any keystone-style opening providing design flexibility.
Available in a variety of colors and styles to fit any office decor, the KeyConnect System enhances manageability and identification with built-in top and bottom labeling windows on Faceplates and more than 11 colors of KeyConnect Modular jacks for color-coding outlet connections based on application.
For more information about the KeyConnect Workstation Outlet System, download NP 302 at http://www.belden.com/, or contact Belden, P.O. Box 1980, Richmond, Indiana 47375, 1.800.BELDEN.1. FAX: 765.983.5294.
About Belden
Belden is a customer focused company. We ensure that our customers' communications infrastructure issues are resolved and that they benefit from the best signal transmission performance for their investment. We deliver leading-edge copper and fiber cabling/connectivity systems, wireless technologies, and active switch devices. We employ customer-centric go-to-market strategies and we implement and retain world class manufacturing processes. Our partners span the globe, helping our customers design, install, operate and maintain their communications applications. And our experience is vast, including expertise in Enterprise, Industrial, Infrastructure, Transportation, Professional and Enterprise Audio and Video, and Government applications. To obtain additional information contact Investor Relations at 314-854-8054, or visit our website at http://www.belden.com/.
Photo: http://www.newscom.com/cgi-bin/prnh/20060824/CGTH005LOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Belden
CONTACT: Alison McCreath of Belden, 1-800-BELDEN-1; or Janet Killen of Adventive Marketing, Inc., +1-847-590-1110, for Belden
Web Site: http://www.belden.com/
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