Companies news of 2009-06-01 (page 4)
Hughes Announces New Emergency Broadband Service Plan for Businesses and Government...
Broadcom's 'PND-on-a-Chip' Integrates Advanced, Low Power GPS Capabilities with Powerful...
Harris Corporation Completes Corporate Actions and Announces Cost-Reduction Initiatives
Bridgewater Systems poursuit l'élan mondial de WiMAX
Bridgewater Systems Continues Global WiMAX Momentum
India's Kingfisher Airlines Selects CyberSource to Fight eCommerce Fraud
Autodesk Imagine Tour Visits San JoseAutodesk 2010 Software: Turning Ideas into Reality
GSI Commerce to Participate at Needham & Company's Fourth Annual Internet & Digital Media...
CSC Announces New Family of Cloud ServicesGlobal Leader in Service Delivery Introduces...
Level 3 Improves Network Access to Latin AmericaNetwork Upgrades Provide Vital...
China TransInfo Technology Corp. Announcing 2009 Annual Shareholder Meeting Results
SAIC to Hold Annual Meeting of Stockholders on June 19, 2009
Xilinx and LynuxWorks Demonstrate Avionics Application Solution at the Military and...
KVH Industries Builds 25,000th Fiber Optic Gyro, Meeting Growing Demand for Guidance and...
Overland Customers Recognized for Outstanding Technology Achievements by IDG's...
Michael Caulfield to Join Digital Ally as Vice President of Strategic Development
Perfect World Announces Share Repurchase From A Major Shareholder
Phoenix Technologies to Host Investor Bus Tour on Wednesday, June 3rd
Convera(R) Corporation and Firstlight ERA to Create a new Search and Advertising Company...
Fushi Copperweld Reaches Litigation Settlement Agreement
Bridgepoint Education's Ashford University Awards 10 Full-Ride Online Scholarships to...
/C O R R E C T I O N -- MediaTek Inc./In the news release, "MediaTek MT7118, the Best SoC...
CyberDefender Expands Offerings To Include Top-Rated Mozy Online Backup Service;Voices...
California Micro Devices Presents Display Electronic Solutions at SID 2009 Display...
California Micro Devices Announces XtremeESD(R) Design Wins for New Sharp Aquos LCD TVs
Rainmaker Extends Lead Development Agreement With Fortune 500 Network Computing...
Teltronics, Inc. Passes Annual ISO 9001:2000 Re-Assessment Audit for the Eighth...
Expedia.com Announces Its Biggest Hotel Sale EverSavings up to 30% off already low rates...
Symitar Selects CGS's VirtualEvents365(SM) Platform for its 2009 Educational Conference &...
Mundus and AirStar High Tech VTOL UAV Drones to Go on Patrol in Gulf States for Perfect...
Hughes Announces New Emergency Broadband Service Plan for Businesses and Government AgenciesHughesNet(R) Emergency Services provide organizations robust broadband connectivity when disaster strikes
GERMANTOWN, Md., June 1 /PRNewswire-FirstCall/ -- Hughes Network Systems, LLC (HUGHES), the global leader in broadband satellite network solutions and services, today announced the availability of a new HughesNet Emergency Business Internet service plan in anticipation of the 2009 hurricane season. The offering is designed to provide robust, expedited broadband Internet connectivity for business and government organizations when a disaster strikes.
The new HughesNet Emergency Business Internet service plan features download speeds of up to 5 Mbps and uploads speeds of up to 1 Mbps, made possible by utilizing Hughes advanced SPACEWAY(R) 3 Ka-band satellite system, the world's first with on-board switching and routing. The service plan includes comprehensive 24/7 technical support; next-business day field maintenance; and provides organizations with the flexibility they need in an emergency, requiring only a two-month service commitment that may be extended on a month-to-month basis, depending on need.
The U.S. National Oceanic and Atmospheric Administration (NOAA) has predicted an active 2009 Atlantic hurricane season (June 1 - Nov. 30) with an initial outlook that calls for a 50 percent probability of a near normal season, and a 25 percent probability of an above normal season. In an announcement made May 21, NOAA forecasters also stated that "there is a 70 percent chance of having nine to 14 named storms, of which four to seven could become hurricanes, including one to three major hurricanes (Category 3, 4 or 5)."
According to Renesys Corp., a firm that tracks Internet connectivity, the outages that followed Hurricane Ike last year caused the widest disruption of U.S. Internet service since the Northeast blackout of 2003. At its peak, Ike took out more than 400 networks for at least an hour each, leaving countless homes, businesses and government offices without connectivity.(1)
"Landline connections are not always reliable when hurricanes or other disasters strike, forcing organizations to cease operations until connectivity is restored," said Mike Cook, senior vice president at Hughes. "This can mean significant loss of revenue for businesses, and disruption of government services, which are needed most in recovery operations. HughesNet Emergency Business Internet quickly restores those vital connections."
Businesses can order directly from Hughes by calling (877) 337-3880. Government agencies can order via Hughes' GSA Schedule 70.
To learn more about HughesNet services, visit http://www.hughesnet.com/.
About Hughes Network Systems
Hughes Network Systems, LLC (HUGHES) is the global leader in providing broadband satellite networks and services for large enterprises, governments, small businesses, and consumers. HughesNet encompasses all broadband solutions and managed services from Hughes, bridging the best of satellite and terrestrial technologies. Its broadband satellite products are based on global standards approved by the TIA, ETSI, and ITU standards organizations, including IPoS/DVB-S2, RSM-A and GMR-1. To date, Hughes has shipped more than 1.9 million systems to customers in over 100 countries.
Headquartered outside Washington, D.C., in Germantown, Maryland, USA, Hughes maintains sales and support offices worldwide. Hughes is a wholly owned subsidiary of Hughes Communications, Inc. . For additional information, please visit http://www.hughes.com/.
(C)2009 Hughes Network Systems, LLC. Hughes and HughesNet are registered trademarks of Hughes Network Systems, LLC.
(1) Rensys Corporation, September 17, 2008.
Hughes Network Systems, LLC
CONTACT: Judy Blake of Hughes Network Systems, +1-301-601-7330, judy.blake@hughes.com; or Lisa Rassenti of Brodeur Partners, +1-202-775-2652, lrassenti@brodeur.com
Web Site: http://www.hughesnet.com/
Broadcom's 'PND-on-a-Chip' Integrates Advanced, Low Power GPS Capabilities with Powerful Applications Processing for Stunning Graphical NavigationUnprecedented Levels of Integration and new Power Management Solution Drive Lower Costs by Eliminating Expensive External Components Required by Competitive Solutions
TAIPEI, Taiwan, June 1 /PRNewswire-FirstCall/ -- Computex 2009 -- Broadcom Corporation , a global leader in semiconductors for wired and wireless communications, today announced a new navigation processor and power management (PMU) solution designed specifically for personal navigation devices (PNDs). The new 'PND-on-a-chip' integrates many of the costly external components required by competitive solutions, including a global positioning system (GPS) baseband, radio frequency (RF) circuitry and low noise amplifier (LNA) as well as high powered applications and graphics processors. The 'PND-on-a-chip' solution provides all the key components required to deliver a graphical user experience of life-like maps and engaging navigational information for next generation PNDs without the lags and blocky renderings of many current devices.
Today's PNDs are often limited by the processing and graphics capabilities of applications processors with often sluggish map rendering and awkward user interfaces that are limited by the capabilities of the processor. In contrast, PND manufacturers can take advantage of the new 'PND-on-a-chip's' hardware-based graphics processing unit to create engaging 3D user interfaces while accelerating map rendering to make the user experience as rich and easy to use as possible.
Announced today is the Broadcom(R) BCM4760 system-on-a-chip (SoC) solution that integrates several costly external components normally required by competitive solutions. Designed in Broadcom's 65 nanometer (nm) process, the BCM4760 also integrates an audio codec, touch screen controller and USB 2.0 controller with high speed transceiver, all on a single die. This allows PNDs based on the BCM4760 to eliminate these components, resulting in reduced system cost, power consumption and complexity.
The BCM4760 is a complete, low power SoC solution that combines a high performance GPS receiver and baseband, an ARM11(TM) processor, an OpenGL(R) ES 1.1/OpenVG(TM) 1.0-compliant graphics processor and advanced analog technology to deliver the most highly integrated solution ever created for the personal navigation market. The built-in applications processing is powerful enough to serve as the core processor for a full range of devices beyond the PND market, including personal media players, gaming devices and other mobile products.
"Our proven expertise in integrating complex RF, analog and digital circuits at extremely small geometries has enabled us to deliver this industry-first for the PND market," said Scott Pomerantz, Vice President & General Manager of Broadcom's GPS line of business. "By delivering an applications processor that integrates both the GPS baseband and radio on a single die, without any compromises in performance, Broadcom is helping drive high-end graphics performance to new classes of PND devices."
In conjunction with today's BCM4760 SoC announcement, Broadcom also introduces its new BCM59040 power management unit (PMU) designed for use in advanced mobile systems based on the BCM4760. This all-CMOS PMU includes advanced power management techniques, such as highly efficient DC/DC converters, high performance LDOs, a switcher regulated charger with USB and wall adapter inputs, USB OTG (on-the-go) detection and Vbus boost control -- all of which are features aligned with PND and portable media player manufacturer requirements. A new feature introduced with the BCM59040 is Broadcom's 'charge-and-play' technology which eliminates the need to wait for an empty battery to be charged sufficiently for the system to operate, which increases battery life by reducing charge/discharge cycles.
The BCM4760 SoC also provides integrated support for Broadcom's other industry leading connectivity solutions including Bluetooth(R), Wi-Fi(R) and combo chip solutions, and includes a host peripheral interface for easy integration with Broadcom's BCM2727 low power mobile multimedia processor, built-in memory interfaces and the USB 2.0 OTG interface.
Serving the PND Market
The BCM4760 SoC enables system manufacturers to create a platform that meets the needs of the entry-level, mid-level and high-level GPS personal navigation device market segments as follows:
For the entry-level market where low cost is the primary focus, the BCM4760 provides a USB 2.0 OTG high-speed controller with integrated transceiver, a 4- or 5-wire touch controller, and audio mixer with a digital-to-analog converter (DAC) to simplify the design and help shrink the PCB footprint while keeping the total bill-of-material (BOM) cost to a minimum.
For the mid-level market, the BCM4760 provides ample processing power for the rapid display of 3D city maps and 3D landmarks. It utilizes high performance 3-processor architecture, multiple high-speed interfaces, and Broadcom's connectivity technologies, such as Bluetooth and WLAN chipsets, can be connected directly to the BCM4760 platform. Other features, such as hands-free speakerphone, photo viewing and music playback, are also supported.
For the high-level market, the BCM4760 supports a direct connection to Broadcom's VideoCore(R) family of mobile multimedia co-processors. Adding the VideoCore III co-processor for example, enables high definition (HD) video playback and recording, graphics acceleration, image signal processing (ISP), and more.
Availability and Pricing
The Broadcom BCM4760 'PND-on-a-chip' solution and BCM59040 PMU are now sampling to early access customers. Pricing is available upon request.
About Broadcom
Broadcom Corporation is a major technology innovator and global leader in semiconductors for wired and wireless communications. Broadcom products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. We provide the industry's broadest portfolio of state-of-the-art system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support our core mission: Connecting everything(R).
Broadcom is one of the world's largest fabless semiconductor companies, with 2008 revenue of $4.66 billion, and holds over 3,300 U.S. and over 1,300 foreign patents, more than 7,500 additional pending patent applications, and one of the broadest intellectual property portfolios addressing both wired and wireless transmission of voice, video, data and multimedia.
A FORTUNE 500(R) company, Broadcom is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe. Broadcom may be contacted at +1.949.926.5000 or at http://www.broadcom.com/.
Cautions regarding Forward Looking Statements:
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. Examples of such forward-looking statements include, but are not limited to, the demand for advanced GPS capabilities for personal navigation products, our position in that market, and the timing of volume production for Broadcom BCM4760 SoC solutions. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.
Important factors that may cause such a difference for Broadcom in connection with BCM4760 'PND-on-a-chip' solutions include, but are not limited to
-- the rate at which our present and future customers and end-users adopt
Broadcom's GPS technologies for mobile applications;
-- trends in the wireless networking markets in various geographic
regions, including seasonality in sales of consumer products into
which our products are incorporated, and possible disruption in
commercial activities related to terrorist activity or armed conflict
in the United States and other locations;
-- the gain or loss of a key customer, design win or order;
-- the volume of our product sales and pricing concessions on volume
sales;
-- our ability to timely and accurately predict market requirements and
evolving industry standards and to identify opportunities in new
markets; and
-- competitive pressures and other factors such as the qualification,
availability and pricing of competing products and technologies and
the resulting effects on sales and pricing of our products.
Additional factors that may cause Broadcom's actual results to differ materially from those expressed in forward-looking statements include, but are not limited to the list that can be found at http://www.broadcom.com/press/additional_risk_factors/Q22009.php.
Our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release speak only as of this date. We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law.
Broadcom, the pulse logo, Connecting everything, the Connecting everything logo and VideoCore are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Bluetooth is a trademark of Bluetooth SIG, Inc. Any other trademarks or trade names mentioned are the property of their respective owners.
Broadcom Trade Press Contact Broadcom Investor Relations Contact
Henry Rael T. Peter Andrew
Public Relations Manager Vice President, Corporate Communications
949-926-5734 949-926-5663
hrael@broadcom.com andrewtp@broadcom.com
Photo: http://www.newscom.com/cgi-bin/prnh/20060609/BROADCOMLOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Broadcom Corporation; BRCM Mobile & Wireless
CONTACT: Broadcom Trade Press Contact, Henry Rael, Public Relations Manager, +1-949-926-5734, hrael@broadcom.com, or Broadcom Investor Relations Contact, T. Peter Andrew, Vice President, Corporate Communications, +1-949-926-5663, andrewtp@broadcom.com
Web Site: http://www.broadcom.com/
Harris Corporation Completes Corporate Actions and Announces Cost-Reduction Initiatives
MELBOURNE, Fla., June 1 /PRNewswire-FirstCall/ -- Harris Corporation , an international communications and information technology company, has announced the spin-off of a majority-owned subsidiary, the completion of a major acquisition, company-wide cost-reduction initiatives, and the impairment of goodwill and other intangible assets in its Broadcast Communications segment. As a result of lower amortization expense in Broadcast Communications, the company has increased its earnings guidance for fiscal 2010, which begins July 4, 2009.
Spin-off of Harris Stratex Networks, Inc.
The distribution of the approximately 56 percent of the outstanding shares of Harris Stratex Networks, Inc., owned by Harris occurred on May 27, 2009. Harris shareholders of record, as of 5:30 p.m. Eastern Time on May 13, 2009, the record date for the spin-off, received 0.248418 of a share of Harris Stratex Class A common stock for each share of Harris common stock held.
As expected, the spin-off will result in a $60 million to $70 million after-tax charge in the fourth quarter of fiscal 2009, which will be reflected in discontinued operations in Harris' financial statements and is related to the write-down of Harris Stratex net assets to the fair value of the Harris Stratex shares distributed to Harris shareholders and other spin-off related charges. Harris recently filed a Form 8-K including pro forma historical financial statements, reflecting the classification of Harris Stratex in discontinued operations.
In addition, Harris will incur a non-cash share-based compensation charge of approximately $4 million related to the adjustment of outstanding employee stock options to reflect the spin-off of Harris Stratex. The charge will be included in Harris fourth quarter fiscal 2009 results from continuing operations.
Acquisition of Wireless Systems Business
On May 29, 2009, Harris completed its previously announced acquisition of the Tyco Electronics Wireless Systems business (formerly known as M/A-COM). Wireless Systems is an established provider of mission-critical wireless communications systems for law enforcement, fire and rescue, and public service organizations.
Excluding acquisition-related charges, the acquisition is expected to be neutral to Harris non-GAAP earnings in fiscal 2009 and slightly accretive in fiscal 2010. The acquisition is expected to be a significant contributor to Harris earnings in fiscal 2011 and fiscal 2012.
"The combination of the Wireless Systems business with our very successful RF Communications business creates a powerful supplier in the growing $9 billion global land mobile radio systems market," said Howard L. Lance, chairman, president and CEO of Harris. "This acquisition greatly accelerates our entry into the federal, state and local public safety markets and creates a significant opportunity for new growth. The acquisition was completed ahead of schedule and integration activities are underway."
Cost-Reduction Actions
The company also announced a number of cost-reduction actions across its business segments and at its corporate headquarters. Cost-reduction initiatives are expected to result in charges in the fourth quarter of fiscal 2009 that total $24 million to $28 million and are expected to result in annualized cost savings of approximately $70 million to $75 million.
"As we previously indicated, the global economic slowdown, pressure on Department of Defense spending, and contract delays are negatively impacting orders in the second half of fiscal 2009," Lance said. "We have initiated a number of cost-reduction actions across the company to ensure the best possible operating performance in fiscal 2010, while still allowing investment in new technology, products and markets. Beyond fiscal 2010, the company is well-positioned to return to growth."
Asset Impairment Charge at Broadcast Communications
The company has concluded that the current carrying value of its goodwill and other intangible assets related to its Broadcast Communications segment is impaired. Harris performs an annual impairment review, as required by Statement of Financial Accounting Standards No. 142 "Goodwill and Intangible Assets." The timing of the review coincides with the fourth quarter strategic planning cycle. The review indicated that the fair value of goodwill and other intangible assets has been reduced below its carrying value because the current market conditions have resulted in reduced levels of capital expenditures related to broadcast infrastructure systems.
As of the fiscal third quarter ended April 3, 2009, the book value of the goodwill and other intangible assets in the Broadcast Communications segment was $928 million. Harris expects to record a $250 million to $275 million non-cash charge in the fourth quarter of fiscal 2009 to write down a significant portion of these assets. The company expects to finalize this estimate by the end of fiscal 2009. This will result in lower amortization expense in fiscal 2010 of approximately $20 million, compared with fiscal 2009.
Updated Earnings Guidance
As a result of lower amortization expense in the Broadcast Communications segment, the company increased its fiscal 2010 guidance range for non-GAAP earnings from continuing operations to $3.20 to $3.50 per diluted share ($3.05 to $3.40 per diluted share on a GAAP basis), compared to the previous non-GAAP earnings guidance range of $3.10 to $3.40 per diluted share ($2.95 to $3.30 per diluted share on a GAAP basis). Revenue from continuing operations in fiscal 2010 is still expected to be in a range of $4.9 billion to $5.1 billion. Fiscal 2010 non-GAAP earnings guidance excludes acquisition-related costs.
To reflect the above charges for cost-reduction actions and share-based compensation related to the Harris Stratex spin-off, the company revised guidance for non-GAAP earnings per diluted share from continuing operations for fiscal 2009 ending July 3, 2009, from the low end of the range of $3.93 to $4.03 ($3.88 to $3.98 on a GAAP basis) to a range of $3.77 to $3.79 ($2.07 to $2.29 on a GAAP basis). Non-GAAP earnings guidance excludes acquisition-related costs and the impairment of goodwill and other intangible assets. Revised fiscal 2009 non-GAAP earnings guidance for continuing operations represents an increase of 13 percent compared to the prior-year. Revenue from continuing operations for fiscal 2009 is still expected to increase by approximately 7 percent compared with fiscal 2008. A reconciliation of GAAP to non-GAAP financial measures is provided in Table 1 and 2, along with the accompanying notes.
About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets worldwide. Headquartered in Melbourne, Florida, the company has approximately $5 billion of annual revenue and 15,000 employees -- including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications(R) products, systems, and services. Additional information about Harris Corporation is available at http://www.harris.com/
Non-GAAP Financial Measures
This press release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the SEC, including fiscal 2009 guidance excluding acquisition-related costs and , impairment of goodwill and other intangible assets and fiscal 2010 guidance excluding acquisitionrelated costs. Harris management believes that these non-GAAP financial measures, when considered together with the GAAP financial measures, provide information that is useful to investors in understanding periodoverperiod operating results separate and apart from items that may, or could, have a disproportionately positive or negative impact on results in any particular period. Management also believes that these non-GAAP financial measures enhance the ability of investors to analyze Harris business trends and to understand Harris performance. In addition, Harris may utilize nonGAAP financial measures as a guide in its forecasting, budgeting, and long-term planning process and to measure operating performance for some management compensation purposes. Any analysis of non-GAAP financial measures should be used only in conjunction with results presented in accordance with GAAP.
Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this press release include but are not limited to: the impact of the acquisition of the Tyco Electronics Wireless Systems business on Harris earnings, and the amount of expected charges relating to the spin-off of Harris Stratex Networks, the amount of charges and savings related to the cost-reduction actions, earnings and revenue guidance for fiscal 2009 and fiscal 2010 and statements regarding outlook, including expected revenue and growth opportunities. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. The Company's consolidated results and the forward-looking statements could be affected by many factors, including but not limited to: the loss of our relationship with the U.S. government or a shift in U.S. government funding; potential changes in U.S. government or customer priorities; risks inherent with large long-term fixed-price contracts, particularly the ability to contain cost overruns; financial and government and regulatory risks relating to international sales and operations; our ability to continue to develop new products that achieve market acceptance; the consequences of future geo-political events; strategic acquisitions and the risks and uncertainties related thereto, including our ability to manage and integrate acquired businesses; performance of our subcontractors and suppliers; potential claims that we are infringing the intellectual property rights of third parties; the successful resolution of patent infringement claims and the ultimate outcome of other contingencies, litigation and legal matters; customer credit risk; risks inherent in developing new technologies; changes in our effective tax rate; the potential impact of natural disasters on our significant operations in Florida, California and other locations; changes in future business conditions that could cause business investments and/or recorded goodwill to become impaired; and the recession in the United States and general downturn in the global economy. Further information relating to factors that may impact the company's results and forward-looking statements are disclosed in the company's filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
HARRIS CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND REGULATION
G DISCLOSURE
To supplement our condensed consolidated financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), we provide additional measures of segments' operating income (loss); cost of product sales and services; engineering, selling and administrative expenses; income (loss) before income taxes and minority interest; income taxes; minority interest; net income (loss); and net income (loss) per diluted share adjusted to exclude certain costs, charges, expenses, gains and losses. Harris management believes that these non-GAAP financial measures, when considered together with the GAAP financial measures, provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionately positive or negative impact on results in any particular period. Harris management also believes that these non-GAAP financial measures enhance the ability of investors to analyze Harris business trends and to understand Harris performance. In addition, Harris may utilize non-GAAP financial measures as a guide in its forecasting, budgeting, and long-term planning process and to measure operating performance for some management compensation purposes. Any analysis of non-GAAP financial measures should be used only in conjunction with results presented in accordance with GAAP. A reconciliation of these non-GAAP financial measures with the most directly comparable financial measures calculated in accordance with GAAP follows:
Table 1
HARRIS CORPORATION
Reconciliation of FY '08 and FY '09 GAAP Income from Continuing
Operations per Diluted Share to Non-GAAP Income from Continuing
Operations per Diluted Share
(Unaudited)
Fiscal Year 2008 Fiscal Year 2009
(Actual) (Guidance) Percent Change
GAAP income from
continuing
operations per
diluted share $3.33 $2.07 to $2.29 (38)% to (31)%
Charges associated
with the
acquisition of
Multimax
Incorporated (A) $0.01 ---
Charges associated
with the
acquisition of
Zandar
Technologies (B) $0.01 ---
Charges associated
with the
acquisition of
Tyco Electronics
Wireless Systems
(C) --- $0.07 to $0.05
Impairment of our
Broadcast
Communications
segment goodwill
and other
intangible assets
(D) --- $1.63 to $1.45
Non-GAAP income
from continuing
operations per
diluted share $3.35 $3.77 to $3.79 13%
Table 2
HARRIS CORPORATION
Reconciliation of FY '10 Income from Continuing Operations per Diluted
Share to Non-GAAP Income from Continuing Operations per Diluted Share
(Unaudited)
Fiscal Year 2010 Fiscal Year 2010
(Current Guidance) (Previous Guidance)
GAAP income from continuing
operations per diluted share
$3.05 to $3.40 $2.95 to $3.30
Charges associated with the
acquisition of Tyco
Electronics Wireless Systems
(C) $0.15 to $0.10 $0.15 to $0.10
Non-GAAP income from continuing
operations per diluted share $3.20 to $3.50 $3.10 to $3.40
HARRIS CORPORATION
Reconciliation of GAAP to Non-GAAP Financial Measures
(Unaudited)
Notes to tables 1 and 2:
Note A - Adjustment for the $.01 per diluted share impact of integration and other charges associated with our acquisition of Multimax Incorporated.
Note B - Adjustment for the $.01 per diluted share impact of integration and other charges associated with our acquisition of Zandar Technologies plc.
Note C - Adjustment for the estimated impact of $10 million to $15 million ($.05 to $.07 per diluted share) and $20 million to $30 million ($.10 to $.15 per diluted share) for fiscal 2009 and fiscal 2010, respectively, related to integration and other charges associated with our acquisition of Tyco Electronics Wireless Systems business.
Note D - Adjustment for the estimated impact of $1.45 to $1.63 per diluted share impact for the impairment of goodwill and other intangible assets in our Broadcast Communications Systems segment.
Harris Corporation
CONTACT: Investor Relations inquiries: Pamela Padgett, +1-321-727-9383, pamela.padgett@harris.com; or Media inquiries: Jim Burke, +1-321-727-9131, jim.burke@harris.com; or for additional information, contact Harris Corporation at webmaster@harris.com
Web Site: http://www.harris.com/
Bridgewater Systems poursuit l'élan mondial de WiMAX
AMSTERDAM, June 1 /PRNewswire/ --
- Gain de nouveaux clients grâce au succès de l'accord de revendeur avec
Alvarion
Bridgewater Systems (TSX : BWC), la société de personnalisation mobile, a
annoncé aujourd'hui qu'elle continue de renforcer sa position de leader sur
le marché mondial WiMAX(TM) grâce à son accord mondial de revendeur avec
Alvarion Ltd. (NASDAQ : ALVR), le premier fournisseur mondial de solutions
WiMAX(TM) et sans fil haut débit.
Informations
- Alvarion et Bridgewater fournissent des solutions WiMAX à plusieurs
nouveaux clients en 2009, dont quatre en Europe, un en Asie Pacifique,
et deux en Amérique latine.
- La solution réseau avancée 4Motion d'Alvarion avec Bridgewater(R)
Service Controller (AAA) ou le nouveau système d'entrée de gamme
ServiceMAX 500, qui s'appuient tous deux sur Subscriber Data Broker(TM)
de Bridgewater, fournit des services vocaux et Internet haut débit aux
abonnés et entreprises.
- La solution de Bridgewater permet aux opérateurs WiMAX de :
- fournir rapidement des services en autorisant et authentifiant les
abonnés, et en réalisant des fonctions comptables cruciales.
- fournir des services innovants et personnalisés en vue d'attirer et de
fidéliser les abonnés, notamment une utilisation occasionnelle base
sur le temps ou le volume, et des services en prépayé et postpayé.
- réduire les coûts d'exploitation en unifiant les données d'abonnés et
en activant les nouveaux abonnés et dispositifs << par voie hertzienne
>>.
- On compte plus de 470 déploiements de réseaux WiMAX dans 139 pays
couvrant une population d'au moins 430 millions de personnes (1).
Témoignages
Avinoam Barak, président de la division réseaux sans fil, Alvarion
<< Dans le cadre de la stratégie Open WiMAX d'Alvarion, nous continuons
d'établir des partenariats produits stratégiques avec des entreprises de
premier plan telles que Bridgewater en vue de fournir une solution complète
de bout en bout. La solution WiMAX d'Alvarion, mûre et beaucoup déployée, et
les produits de gestion des données d'abonnés et de contrôle de service de
Bridgewater fournissent une approche clés en main à la fourniture de services
haut débit >>.
David Sharpley, vice-président directeur, Bridgewater Systems
<< Le succès de notre accord mondial de revendeur avec Alvarion a permis
aux opérateurs WiMAX de fournir rapidement et rentablement des services haut
débit aux abonnés qui n'ont souvent pas accès à une ligne fixe
traditionnelle. Plus de 25 opérateurs utilisent maintenant les solutions
WiMAX de pointe de Bridgewater afin d'activer facilement les services et
dispositifs << par voie hertzienne >>, et de fournir des services
personnalisés tels que les options de prépayé et d'utilisation occasionnelle
>>.
Tags / Mots-clés
Bridgewater Systems, Alvarion, WiMAX, 4Motion, Contrôle de service, AAA,
Gestion de données d'abonnés, Subscriber Data Broker, Personnalisation mobile
Liens
http://www.alvarion.com/solutions/mobile/
http://www.bridgewatersystems.com/Service-Controller.aspx
http://www.bridgewatersystems.com/ServiceMAX-500.aspx
http://www.bridgewatersystems.com/Assets/Downloads/Whitepapers/WiMAXCommercialLaunch.pdf
A propos d'Alvarion
Alvarion (NASDAQ : ALVR) est le plus grand acteur spécialisé dans WiMAX
et compte la clientèle WiMAX la plus étendue avec plus de 250 déploiements
commerciaux dans le monde. Visant à accroître le marché WiMAX, la société
offre des solutions pour un large éventail de bandes de fréquence prenant en
charge une variété de cas commerciaux. Par le biais de sa stratégie OPEN
WiMAX, de son savoir-faire en matière d'IP et d'OFDMA, et de sa capacité à
déployer des projets WiMAX clés en main de bout en bout, Alvarion est en
train de constituer la nouvelle expérience du haut débit sans fil
(http://www.alvarion.com).
A propos de Bridgewater Systems
Bridgewater Systems, la société de personnalisation mobile, permet aux
prestataires de services de gérer et de bénéficier efficacement des services
de données, du contenu et du commerce mobiles. Son portefeuille de
personnalisation mobile de pointe fournit une vue unifiée et en temps réel
des abonnés avec des données sur les droits, les dispositifs, les réseaux,
les profils de facturation, les préférences et le contexte. S'appuyant sur
Subscriber Data Broker(TM) de Bridgewater, ce portefeuille de produits de
classe opérateur et standardisés comprend Bridgewater(R) Service Controller
(AAA), Bridgewater(R) Policy Controller (PCRF) et Bridgewater(R) Home
Subscriber Server (HSS). Plus de 120 prestataires de services de premier
plan, dont America Movil, Bell Canada, Clearwire, Hutchison Telecom,
Iusacell, Scartel, SmarTone-Vodafone, Sprint, Tata Teleservices, Tatung,
Telmex, Telstra, et Verizon Wireless font appel aux solutions de Bridgewater
pour fournir rapidement des services mobiles innovants à plus de 150 millions
d'abonnés. Pour plus d'informations, rendez-vous sur le site
http://www.bridgewatersystems.com.
Bridgewater, Bridgewater Systems, le logo de Bridgewater Systems,
WideSpan, Smart Caps et Subscriber Data Broker sont des marques de commerce
ou des marques déposées de Bridgewater Systems Corporation. Tous les autres
noms de société, noms de produit et marques de commerce déposées ou non
déposées mentionnées sont utilisés à titre d'identification uniquement et
demeurent la propriété exclusive de leurs propriétaires respectifs.
<< WiMAX Forum >> est une marque déposée de WiMAX Forum. << WiMAX >>, le
logo de WiMAX Forum, << WiMAX Forum Certified >> et le logo WiMAX Forum
Certified sont des marques de commerce de WiMAX Forum.
----------------------------
(1) Rapport d'étude sur le secteur WiMAX Forum(R). Analyse d'avril 2009
Pour de plus amples informations : Contacts : Joanne Steinberg,
Bridgewater Systems, joanne.steinberg@bridgewatersystems.com, +1-(613
)-591-9104 poste 2032 ; Sam Harrisingh, MS&L EMEA,
sam.harrisingh@mslworldwide.com, Tél : +44-(0)20-7878-3137
Bridgewater Systems
Pour de plus amples informations : Contacts : Joanne Steinberg, Bridgewater Systems, joanne.steinberg@bridgewatersystems.com, +1-(613)-591-9104 poste 2032 ; Sam Harrisingh, MS&L EMEA, sam.harrisingh@mslworldwide.com, Tél : +44-(0)20-7878-3137
Bridgewater Systems Continues Global WiMAX Momentum
AMSTERDAM, June 1 /PRNewswire/ --
- New Customer Wins Through Successful Reseller Agreement With Alvarion
Bridgewater Systems (TSX: BWC), the mobile
personalization company, today announced that it is continuing to extend its
global market leadership in WiMAX(TM) through its successful global reseller
agreement with Alvarion Ltd. (NASDAQ:ALVR), the world's leading provider of
WiMAX(TM) and wireless broadband solutions.
News
- Alvarion and Bridgewater are providing WiMAX solutions to several new
customers in 2009 including four in Europe, one in Asia Pacific, and
two in Latin America.
- Alvarion's 4Motion advanced network solution with the Bridgewater(R)
Service Controller (AAA) or the new entry-level ServiceMAX 500
system, both anchored by Bridgewater's Subscriber Data Broker(TM),
delivers broadband Internet and voice services to subscribers and
businesses.
- The Bridgewater solution enables WiMAX operators to:
- Rapidly deliver services by authorizing and authenticating
subscribers, and performing critical accounting functions.
- Deliver innovative, personalized services to attract and retain
subscribers including casual usage based on time or volume,
pre-paid and post-paid services.
- Reduce operating costs by unifying subscriber data, and activating
new subscribers and devices 'over-the-air.'
- There are over 470 WiMAX network deployments in 139 countries
covering a population of at least 430 million people.(1)
Quotes
Avinoam Barak, President of wireless network division, Alvarion
"As part of Alvarion's Open WiMAX strategy, we continue to forge
strategic product partnerships with leading companies such as Bridgewater to
provide a complete end to end solution. Alvarion's mature, extensively
deployed WiMAX solution, together with Bridgewater's service control and
subscriber data management products provide a turnkey approach to delivering
broadband services."
David Sharpley, Senior Vice President, Bridgewater Systems
"Our successful global reseller agreement with Alvarion has enabled
WiMAX operators to rapidly and cost effectively delivers broadband services
to subscribers who are often not served by traditional wireline access. Over
25 operators are now using Bridgewater's market leading WiMAX solutions to
easily activate services and devices 'over-the-air,' and deliver personalized
services such as prepaid and casual usage options."
Tags/Keywords
Bridgewater Systems, Alvarion, WiMAX, 4Motion, Service Control, AAA,
Subscriber Data Management, Subscriber Data Broker, Mobile Personalization
Links
http://www.alvarion.com/solutions/mobile/
http://www.bridgewatersystems.com/Service-Controller.aspx
http://www.bridgewatersystems.com/ServiceMAX-500.aspx
http://www.bridgewatersystems.com/Assets/Downloads/Whitepapers/WiMAXCommercialLaunch.pdf
About Alvarion
Alvarion (NASDAQ: ALVR) is the largest WiMAX pure-player with the most
extensive WiMAX customer base and over 250 commercial deployments around the
globe. Committed to growing the WiMAX market, the company offers solutions
for a wide range of frequency bands supporting a variety of business cases.
Through its OPEN WiMAX strategy, superior IP and OFDMA know-how, and ability
to deploy end-to-end turnkey WiMAX projects, Alvarion is shaping the new
wireless broadband experience (http://www.alvarion.com).
About Bridgewater Systems
Bridgewater Systems, the mobile personalization company, enables service
providers to efficiently manage and profit from mobile data services, content
and commerce. The company's market leading mobile personalization suite
provides a real-time, unified view of subscribers including entitlements,
devices, networks, billing profiles, preferences and context. Anchored by
Bridgewater's Subscriber Data Broker(TM), the portfolio of carrier-grade and
standards-based products includes the Bridgewater(R) Service Controller (AAA)
, the Bridgewater(R) Policy Controller (PCRF) and the Bridgewater(R) Home
Subscriber Server (HSS). More than 120 leading service providers including
America Movil, Bell Canada, Clearwire, Hutchison Telecom, Iusacell, Scartel,
SmarTone-Vodafone, Sprint, Tata Teleservices, Tatung, Telmex, Telstra, and
Verizon Wireless use Bridgewater's solutions to rapidly deliver innovative
mobile services to over 150 million subscribers. For more information, visit
us at http://www.bridgewatersystems.com.
Bridgewater, Bridgewater Systems, the Bridgewater Systems logo, WideSpan
, Smart Caps, and Subscriber Data Broker are trademarks or registered
trademarks of Bridgewater Systems Corporation. All other company, product
names and any registered and unregistered trademarks mentioned are used for
identification purposes only and remain the exclusive property of their
respective owners.
"WiMAX Forum" is a registered trademark of the WiMAX Forum. "WiMAX," the
WiMAX Forum logo, "WiMAX Forum Certified" and the WiMAX Forum Certified logo
are trademarks of the WiMAX Forum.
----------------------------
(1) WiMAX Forum(R) Industry Research Report. Review of April, 2009
For further information: Contacts: Joanne Steinberg, Bridgewater Systems,
joanne.steinberg@bridgewatersystems.com, +1-(613)-591-9104 extension 2032;
Sam Harrisingh, MS&L EMEA, sam.harrisingh@mslworldwide.com, Tel:
+44-(0)20-7878-3137/
Bridgewater Systems
For further information: Contacts: Joanne Steinberg, Bridgewater Systems, joanne.steinberg@bridgewatersystems.com, +1-(613)-591-9104 extension 2032; Sam Harrisingh, MS&L EMEA, sam.harrisingh@mslworldwide.com, Tel: +44-(0)20-7878-3137
India's Kingfisher Airlines Selects CyberSource to Fight eCommerce Fraud
MUMBAI, India, READING, England and MOUNTAIN VIEW, Calif., June 1
/PRNewswire-FirstCall/ -- CyberSource Ltd., the U.K.-based subsidiary of CyberSource Corporation, today announced that its Decision Manager global fraud management portal as well as its performance monitoring service have been selected by Kingfisher Airlines. Mumbai-based Kingfisher Airlines connects 70 cities and operates over 425 flights a day.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO)
A single connection to CyberSource links Kingfisher Airlines to the fraud portal. The CyberSource system applies over 150 global validation tests, including a multi-merchant transaction history model, against inbound eCommerce bookings. Then, applying business rules set by the airline, the system automatically makes a decision to accept, reject or mark transactions for further review.
As part of the performance monitoring service, CyberSource experts are helping Kingfisher Airlines design and configure its order screening strategies and processes. Following implementation, CyberSource fraud analysts will monitor business performance and work with Kingfisher Airlines to tune rules, systems, and processes to optimise results.
Sourav Sinha, CIO at Kingfisher Airlines, commented, "With the threat of online fraud in our industry, we needed a reliable solution to not only help reduce fraud levels but also to minimize our reliance on manual review. We found CyberSource to have the most complete risk management solution for the airline industry."
Dr Akif Khan, head of client and technical services at CyberSource Ltd., said, "Our experience in the airline industry generally and the Indian market specifically positions us to recommend appropriate risk screening strategies and processes to Kingfisher Airlines. By using our robust solution, the airline's customers can benefit from a faster, more efficient online booking service."
For more information on CyberSource risk management solutions, see: http://www.cybersource.com/risksolutions.
About CyberSource Ltd.
CyberSource Ltd. is the U.K.-based wholly-owned subsidiary of CyberSource Corporation . CyberSource solutions enable electronic payment processing for web, call center, and point-of-sale environments. CyberSource also offers industry-leading risk management solutions for merchants accepting card-not-present transactions. CyberSource Professional Services designs, integrates, and optimizes commerce transaction processing systems. Over 262,000 businesses use CyberSource solutions, including half the companies comprising the Dow Jones Industrial Average. The company is headquartered in Mountain View, California, and has sales and service offices in Japan, the United Kingdom, and other locations in the United States including Bellevue, Washington and American Fork, Utah. For more information, please visit the CyberSource Ltd web site at http://www.cybersource.co.uk/ or email uk@cybersource.com.
About Kingfisher Airlines
Kingfisher Airlines is India's first and only 5-Star airline and the only one to offer a premium first class. Besides being the first and only airline in India to offer in-flight entertainment on every seat, Kingfisher offers live TV with 16 channels of live and exciting content. The airline has received numerous awards for innovation, customer responsiveness and was voted the "Best New Airline of the Year", within months of its launch. Kingfisher Airlines is a part of the UB Group that is one of India's largest conglomerates with diverse interests and a global presence. The UB Group is also the largest Indian alcoholic beverages (beer and spirits) company and the third largest drinks group in the world.
(C)2009 CyberSource Corporation. All rights reserved. CyberSource is a registered trademark in the U.S. and other countries. All other brands and product names are trademarks or registered trademarks of their respective companies.
Photo: http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
CyberSource Corporation
CONTACT: (US) Bruce Frymire of CyberSource, +1-650-965-6042, bfrymire@cybersource.com; or (India) Wayne Ferrao of Blue Lotus Communications 66522890-899, wayne@bluelotuspr.com, or (UK) Danielle Cook of Noiseworks, +44(0)1628 628080, daniellec@noiseworks.com, both for CyberSource
Web Site: http://www.cybersource.com/
Autodesk Imagine Tour Visits San JoseAutodesk 2010 Software: Turning Ideas into Reality
SAN RAFAEL, Calif., June 1 /PRNewswire-FirstCall/ --
What: The Autodesk Imagine Tour provides an opportunity for Autodesk
software users to learn how industry-specific software can
help architects, engineers and designers visualize and
simulate the real-world performance of their designs before
building anything. Autodesk design software experts will also
be on-site to answer questions and offer technical tips that
directly affect their business and projects.
When: Thursday, June 4, 2009
7:00 a.m. - 3:30 p.m.
Where: San Jose Marriott
301 South Market Street
San Jose, California 95113
How: To reserve your seat for the upcoming Autodesk Imagine Tour in
San Jose, visit http://www.autodesk.com/imagine or call 800-234-0074.
If you had the tools to transform the world, would you? As a world leader in 2D and 3D design and engineering software, Autodesk helps you design, visualize, and simulate your ideas to the fullest extent--so the most ambitious "What If?" scenarios can become a reality. Whether you're a designer, architect, engineer or digital artist, Autodesk 2010 software helps you to create, document and communicate groundbreaking ideas before they're brought to life.
The Autodesk Imagine Event in San Jose will show how AutoCAD 2010 software helps designers tackle the most challenging design problems with ease. A variety of solutions will be showcased in action, including design and modeling solutions such as Autodesk Inventor software, Autodesk Revit software, AutoCAD Map 3D software and Autodesk 3ds Max software.
About Autodesk
Autodesk, Inc. is a world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art Digital Prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit http://www.autodesk.com/.
Autodesk, AutoCAD, Autodesk Inventor, Inventor. Revit, and 3ds Max are registered trademarks or trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names, or trademarks belong to their respective holders. Autodesk reserves the right to alter product offerings and specifications at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.
(C) 2009 Autodesk, Inc. All rights reserved.
Contact: Angela Costa Simoes, 415-547-2388
Email: angela.simoes@autodesk.com
(Logo: http://www.newscom.com/cgi-bin/prnh/20050415/SFF034LOGO)
Photo: http://www.newscom.com/cgi-bin/prnh/20050415/SFF034LOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Autodesk, Inc.
CONTACT: Angela Costa Simoes of Autodesk, Inc., +1-415-547-2388, angela.simoes@autodesk.com
Web Site: http://www.autodesk.com/ http://www.autodesk.com/imagine
GSI Commerce to Participate at Needham & Company's Fourth Annual Internet & Digital Media Conference on June 9
KING OF PRUSSIA, Pa., June 1 /PRNewswire-FirstCall/ -- Leading e-commerce solutions provider, GSI Commerce Inc. , today announced that the company will participate at Needham & Company's Fourth Annual Internet & Digital Media Conference on June 9 in New York City. Michael G. Rubin, GSI's chairman, chief executive officer and president, and Michael R. Conn, GSI's chief financial officer, are scheduled to present at the conference at 9:20 a.m. EDT. A live audio webcast will be available to the public at: http://www.wsw.com/webcast/needham30/gsic/.
About GSI Commerce
GSI Commerce(R) (http://www.gsicommerce.com/) is a leading provider of services that enable e-commerce, multichannel retailing and interactive marketing for large, business-to-consumer (b2c) enterprises in the U.S. and internationally. We deliver customized e-commerce solutions through an e-commerce platform, which is comprised of technology, fulfillment and customer care. We offer each of the platform's components on a modular basis, or as part of an integrated, end-to-end solution. We also offer a full suite of interactive marketing services through two divisions, gsi interactive(sm) and e-Dialog (http://www.e-dialog.com/).
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements to be made during the presentation, including those in the tape recording, live audio and live Webcast of the presentation, other than statements of historical fact, are or will be forward-looking statements. Actual results might differ materially from what is expressed or implied by these forward-looking statements. Additional information about potential factors that could affect GSI Commerce can be found in its most recent Form 10-K, Form 10-Q and other reports and statements filed by GSI Commerce with the SEC. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements.
Contact:
Greg Ryan
Dir. Corporate Communication
GSI Commerce, Inc.
e-mail: ryang@gsicommerce.com
phone: 610-491-7294
GSI Commerce Inc.
CONTACT: Greg Ryan, Dir. Corporate Communication, GSI Commerce, Inc., +1-610-491-7294, ryang@gsicommerce.com
Web Site: http://www.gsicommerce.com/
CSC Announces New Family of Cloud ServicesGlobal Leader in Service Delivery Introduces Orchestration and Trusted Cloud Services
FALLS CHURCH, Va., June 1 /PRNewswire/ -- CSC today announced the next step in its company-wide commitment to cloud computing. Building on its enterprise systems integration, mission-critical security capabilities and global presence, CSC announced a family of cloud services that leverage the company's strengths with private clouds and combines them with new public cloud models.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090422/CSCLOGO)
Clients will benefit from these new cloud services in which CSC manages complete ecosystems of cloud service providers, including platform-as-a-service, infrastructure-as-a-service and software-as-a-service. Orchestration will help clients manage data, lower operational costs, and collaborate easily and effectively across public and private networks.
CSC's cloud services consist of a multi-tiered approach:
-- Cloud Orchestration Services is a best-of-breed approach for cloud
services integration that provides clients with service level
management, remote monitoring, reporting, auditing and data
transparency. CSC's Cloud Orchestration Services provide automated
arrangement, coordination, federation, management, security and
operation of private, public and hybrid cloud computing environments,
supporting industry-specific compliance and auditing services.
-- Trusted Cloud Services is a portfolio of industry-compliant desktop,
computing, storage and network infrastructure services available on a
just-in-time, on-demand basis with full security features and
stringent service-level criteria.
-- World Class Consulting Capabilities will allow enterprise information
technology clients and independent software vendors to take advantage
of improved business models enabled by private, public and hybrid
cloud capabilities.
In addition, the company will build a cloud computing delivery capacity through its Global Business Consulting and Solutions Practice, led by Lem Lasher, president of CSC's Global Business Solutions and chief innovation officer. He leads the company's Leading Edge Forum, an independent research group that drives innovative thinking around information technology, including cloud computing.
"CSC has decades of experience managing 'private cloud' enterprise computing environments on a global scale," said Brian Boruff, vice president of CSC's Cloud Computing. "Extending these skills to integrate and manage public and private clouds is a natural step in the evolution of our business. Enterprises that need secure cloud operations will find that CSC offers 'the right mix' of private and public cloud experience and will effectively orchestrate risk."
Over the coming weeks and months, Trusted Cloud and Cloud Orchestration service offerings will be announced in conjunction with CSC alliance partners. Many of these offerings will be available later this summer and a series of more detailed announcements will follow.
For more information about CSC's cloud services, please visit http://www.csc.com/cloud. For insights, resources and community on cloud topics, visit http://www.trustedcloudservices.com/.
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 $16.74 billion for the 12 months ended April 3, 2009. For more information, visit the company's Web site at http://www.csc.com/
Photo: http://www.newscom.com/cgi-bin/prnh/20090422/CSCLOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
CSC
CONTACT: Rich Venn, Manager, Media Relations, Corporate, +1-310-615-3926, rvenn@csc.com, or Janet Herin, Sr. Manager, Media Relations, Corporate, +1-310-615-1693, jherin@csc.com, or Bryan Brady, Vice President, Investor Relations, Corporate, +1-703-641-3000, investorrelations@csc.com, all of CSC
Web Site: http://www.csc.com/
Level 3 Improves Network Access to Latin AmericaNetwork Upgrades Provide Vital Communications Link Along U.S.-Mexico Border
BROOMFIELD, Colo., June 1 /PRNewswire-FirstCall/ -- Level 3 Communications, Inc. today announced improved network access to Latin America. The expansion includes hardware and fiber upgrades along the U.S.-Mexico border in Laredo and McAllen, Texas. These improvements enable Level 3 to provide an expanded portfolio of services across the region with more efficient and reliable transmission of voice, data and Internet traffic.
"Capacity upgrades on the Level 3 network in south Texas improve an already critical communications link between North America and Latin America," said Diana Daniels, vice president of carrier infrastructure and wholesale operations of Marcatel, a Mexican telecommunications carrier. "As online communications continues to grow, Level 3 offers the right combination of network reach and scale to meet the future demands of our business."
"Level 3 is opening a critical link between North America and Latin America for their global telecommunications carrier customers," said Michael Howard, principal analyst of Infonetics Research. "The deployment of a Level 3 terrestrial landing station in south Texas gives Latin American carriers additional routing options to manage network traffic delivery in and through North America."
Expansion of the Level 3 network in south Texas offers a more cost-effective and direct alternative for traffic between the United States and Mexico. Enhanced network access now enables terrestrial transmission of traffic along the border, providing greater route diversity and increased capacity.
"Latin America is a growth market for Level 3," said Andrew Crouch, president of Level 3's Wholesale Markets Group. "Recent upgrades and new service offerings in south Texas position Level 3 to provide a key gateway for information exchange across the region."
About Level 3 Communications
Level 3 Communications, Inc. is a leading international provider of fiber-based communications services. Enterprise, content, wholesale and government customers rely on Level 3 to deliver services with an industry-leading combination of scalability and value over an end-to-end fiber network. Level 3 offers a portfolio of metro and long-haul services, including transport, data, Internet, content delivery and voice. For more information, visit http://www.level3.com/.
Level 3 Communications, Level 3, the red 3D brackets and the Level 3 Communications logo are registered service marks of Level 3 Communications, LLC and/or its affiliates in the United States and/or other countries. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc. Any other service, product or company names recited herein are trademarks or service marks of their respective owners.
Forward-Looking Statement
Some of the statements made in this press release are forward looking in nature. These statements are based on management's current expectations or beliefs. These forward looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3's control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to, the current uncertainty in the global financial markets and the global economy; disruptions in the financial markets that could affect Level 3's ability to obtain additional financing; as well as the company's ability to: successfully integrate acquisitions; increase the volume of traffic on the network; defend intellectual property and proprietary rights; develop effective business support systems; manage system and network failures or disruptions; develop new services that meet customer demands and generate acceptable margins; attract and retain qualified management and other personnel; and meet all of the terms and conditions of debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
Photo: http://www.newscom.com/cgi-bin/prnh/19990721/LVLTLOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Level 3 Communications, Inc.
CONTACT: Media, Kimberly Tulp, +1-720-888-3675, Investors, Mark Stoutenberg, +1-720-888-1662, both for Level 3 Communications, Inc.
Web Site: http://www.level3.com/
China TransInfo Technology Corp. Announcing 2009 Annual Shareholder Meeting Results
BEIJING, June 1 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology Corp., , ("China TransInfo" or the "Company"), a leading provider of public transportation information systems technology and comprehensive solutions in the People's Republic of China ("PRC"), today announced the results of its 2009 Annual Shareholder Meeting (the "Annual Meeting") held on May 29, 2009 in Beijing, PRC.
At the Annual Meeting, shareholders re-elected each of the following nominees to the board of directors of the Company for a one-year term: Shudong Xia, Danxia Huang, Jay Trien, Zhongsu Chen, Dan Liu, Brandon Ho-Ping Lin and Dongyuan Yang.
Additionally, shareholders ratified the reappointment of Simon & Edward, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2009 and approved the Company's 2009 Equity Incentive Plan.
About China TransInfo
China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd. (the "Group Company"), and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services. The Company aims to become the largest transportation information product and comprehensive solutions provider, as well as the largest integrated transportation information platform and commuter traffic media platform builder and operator in China. China TransInfo is involved in developing multiple applications in transportation, digital city, land and resource filling system based on GIS technologies which is used to service the public sector. In addition, the Company is developing its transportation system to include ETC technology. As the co-formulator to several transportation technology national standards, the Company has software copyrights for 75 software products and has won 5 of 10 model cases sponsored by PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including 30 Ph.D. researchers. As a result, the Company is currently playing a key role in setting the standards for electronic transportation information solutions. For more information please visit the Company website at http://www.chinatransinfo.com/ .
Safe Harbor Statement
This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov/ ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Company Contact:
Ms. Fan Zhou, Investor Relations Director
China TransInfo Technology Corp.
Tel: +86-10-8267-1299 x8033
Email: ir@ctfo.com
Investor Relations Contact:
Mr. Crocker Coulson, President
Email: crocker.coulson@ccgir.com
Tel: +1-646-213-1915 (NY office)
Graham Reed, Financial Writer
Email: graham.reed@ccgir.com
Tel: +1-646-213-1907
CCG Investor Relations
Website: http://www.ccgirasia.com/
China TransInfo Technology Corp.
CONTACT: Company Contact: Ms. Fan Zhou, Investor Relations Director of China TransInfo Technology Corp., +86-10-8267-1299 x8033, or ir@ctfo.com; Or Investor Relations Contact: Mr. Crocker Coulson, President, +1-646-213-1915 (NY office), or crocker.coulson@ccgir.com; Or Graham Reed, Financial Writer, +1-646-213-1907, or graham.reed@ccgir.com, both of CCG Investor Relations for CTFO
Web site: http://www.chinatransinfo.com/ http://www.sec.gov/ http://www.ccgirasia.com/
SAIC to Hold Annual Meeting of Stockholders on June 19, 2009
SAN DIEGO and MCLEAN, Va., June 1 /PRNewswire-FirstCall/ -- SAIC, Inc. , a scientific, engineering, and technology applications company, will hold its Annual Meeting of Stockholders at 9 a.m. Eastern Time on June 19, 2009, at the SAIC Conference Center, 1710 SAIC Drive, McLean, Va.
A real-time audio webcast of the meeting will be available at http://investors.saic.com/ and an archive of the event will be available through the same link the day after the meeting. The archive will be available for 90 days.
The company's 2009 Proxy Statement and its Annual Report on Form 10-K for fiscal year ended January 31, 2009 are available online at http://investors.saic.com/ under SEC Filings.
About SAIC
SAIC is a FORTUNE 500(R) scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 45,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. SAIC had annual revenues of $10.1 billion for its fiscal year ended January 31, 2009. For more information, visit http://www.saic.com/. SAIC: From Science to Solutions(R)
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2009, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
Contact:
Media Relations Investor Relations
Laura Luke Stuart Davis
(703) 676-6533 (703) 676-2283
laura.luke@saic.com stuart.davis@saic.com
SAIC
CONTACT: Media Relations, Laura Luke, +1-703-676-6533, laura.luke@saic.com, or Investor Relations, Stuart Davis, +1-703-676-2283, stuart.davis@saic.com, both of SAIC
Web Site: http://www.saic.com/
Xilinx and LynuxWorks Demonstrate Avionics Application Solution at the Military and Aerospace Forum and Avionics USA Conference 2009LynuxWorks LynxOS-178 DO-178B certifiable RTOS demonstrated on Xilinx Virtex-5 FPGAs
SAN DIEGO, June 1 /PRNewswire/ -- At the Military & Aerospace Electronics Forum (MAEF) and the Avionics USA conference today, Xilinx, Inc. , the world's leading programmable logic supplier to the aerospace and defense industry, and LynuxWorks, Inc., a world leader in embedded software, will demonstrate the industry's first and only time- and space-partitioned, FAA-accepted Reusable Software Component (RSC) that meets all objectives of RTCA/DO-178B. The demonstration includes the LynxOS-178 DO-178B certifiable RTOS running on a Xilinx(R) Virtex(R)-5 FXT FPGA - enabling avionics developers to benefit from the flexibility, performance, and reliability of programmable technologies, while maintaining their certified application software. The demonstration is available at the Xilinx booth #220 and LynuxWorks booth #504 at this week's conferences, June 1-2, in the San Diego Convention Center.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020822/XLNXLOGO)
The combination of LynxOS-178 with the Virtex-5 FXT devices, offers the industry's first FPGA-based solution to provide up to two industry-standard PowerPC(R) 440 processor blocks. Each processor, with integrated 32KB instruction and 32KB data caches, delivers up to 1,100 DMIPS at 550 MHz. Tightly coupled to the PowerPC 440 blocks is a new integrated 5x2 cross bar processor interconnect architecture that provides simultaneous access to I/O and memory. Highly integrated, this innovative interconnect architecture includes dedicated master and slave processor local bus interfaces, four DMA ports with separate transmit and receive channels, and a dedicated memory bus interface enabling high-performance, low latency point-to-point connectivity.
DO-178B has become a de facto standard that defines the guidelines for development of aviation software in the USA. To learn about how DO-178B was established, visit the RTCA, Inc. website at http://www.rtca.org/. For additional details on LynxOS-178 and the RSC visit http://www.lynuxworks.com/rtos/rtos-178.php. Following the January announcement "Xilinx Mobilizes Global Network to Address DO-254 and ED-80 Standards Requirements for Next-Generation Avionics", Xilinx is also making available an industry white paper to further assist its global DO-254 network and avionics developers "Meeting DO-254 and ED-80 Guidelines when using Xilinx FPGA". Download white paper at http://www.xilinx.com/esp/aero_def/do254.htm.
About LynuxWorks
LynuxWorks, a world leader in the embedded software market, is committed to providing open and reliable real-time operating systems (RTOS) and software tools to embedded developers. The company's LynxOS family of operating systems offers open standards with the highest level of safety and security features, enabling many mission-critical systems in defense, avionics and other industries. Additionally, LynuxWorks' BlueCat Linux provides the features and support of embedded Linux for companies wanting to use open source technology for their embedded applications. The Eclipse-based Luminosity IDE gives a powerful and consistent development system across all LynuxWorks operating systems. Since it was established in 1988, LynuxWorks has created technology that has been successfully deployed in thousands of designs and millions of products made by leading communications, avionics, aerospace/defense, and consumer electronics companies. LynuxWorks' headquarters are located in San Jose, Calif. For more information, visit http://www.lynuxworks.com/.
About Xilinx Aerospace & Defense
Xilinx has provided uninterrupted support to the A&D industry since 1989 with comprehensive solutions that include: commercial grade to radiation-tolerant FPGAs; application-specific IP from image processing to waveform generation; and advanced technologies such as partial reconfiguration and single-chip crypto. These solutions feature long product lifecycles, high reliability, unique manufacturing flows, specialized design services, and advanced security solutions for high assurance applications. For more information, visit http://www.xilinx.com/esp/aerospace.htm.
About Xilinx
Xilinx is the worldwide leader in complete programmable logic solutions. For more information, visit http://www.xilinx.com/.
#0931p
XILINX, the Xilinx Logo, Virtex, Spartan, ISE and other designated brands included herein are trademarks of Xilinx in the United States and other countries. PowerPC is a trademark of IBM and used under license. LynuxWorks is a trademark and LynxOS and BlueCat are registered trademarks of LynuxWorks, Inc. Linux is a registered trademark of Linus Torvalds. All other trademarks are the property of their respective owners.
Editorial Contacts:
Silvia E. Gianelli Kirsten Long
Xilinx Inc. Public Relations LynuxWorks Inc.
408-626-4328 408-979-4404
silvia.gianelli@xilinx.com klong@lnxw.com
Francisca Llamas
Weber Shandwick
408-685-0608
fllamas@webershandwick.com
Photo: http://www.newscom.com/cgi-bin/prnh/20020822/XLNXLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
Xilinx, Inc.
CONTACT: Silvia E. Gianelli, Public Relations of Xilinx, Inc., +1-408-626-4328, silvia.gianelli@xilinx.com; or Kirsten Long of LynuxWorks Inc., +1-408-979-4404, klong@lnxw.com; or Francisca Llamas of Weber Shandwick, +1-408-685-0608, fllamas@webershandwick.com
Web Site: http://www.xilinx.com/ http://www.lynuxworks.com/
KVH Industries Builds 25,000th Fiber Optic Gyro, Meeting Growing Demand for Guidance and Stabilization ProductsKVH's Tinley Park, IL facility recently doubled in size and capacity with 50% increase in staffing to support strong growth in FOG business
TINLEY PARK, Ill., June 1 /PRNewswire-FirstCall/ -- KVH Industries, Inc., reached a major landmark recently as it built its 25,000th Fiber Optic Gyro (FOG), an illustration of the rapid growth of the company's guidance and stabilization business. KVH's FOGs and integrated navigation systems offer an outstanding blend of performance, reliability, size, and price, making them well-suited for both military and commercial applications. Sales of these systems have increased more than 70% year-over-year in each of the last two quarters as a result of expanding demand and additions in manufacturing capacity made in anticipation of strong growth and the need to supply product at a much higher rate.
"We have invested continuously in research and development over the last 10 years, believing that our FOG business would hold long-term value, both through the enhancement of our existing products as well as in unique guidance and stabilization applications," explains Martin Kits van Heyningen, KVH's chief executive officer. "This has clearly been the case as FOG sales have become an increasingly valuable revenue stream for KVH. Expanding this part of our business is one of our primary -- and quite successful -- strategic initiatives."
KVH's FOG research, development, and manufacturing take place in the company's Tinley Park, IL, facility, which underwent a major factory expansion in 2008 that included doubling its floor space to support new contracts and long-term business opportunities. Monthly production capacity of FOGs also more than doubled, and staffing increased 50%, including the addition of a second shift. While the renovation included the implementation of new, automated manufacturing, precision FOG optical circuit manufacturing relies on KVH's highly trained operators.
"The Tinley Park facility is growing rapidly and contributing to KVH's overall success by building reliable products that bring precision guidance and stabilization technology to a wide variety of commercial applications and help keep private security, government, and military personnel safe," says Jeff Brunner, KVH's vice president of operations for military and fiber optic products. "We are very excited about the growth we are experiencing, and it's wonderful to be doing work that we are proud of, building over 25,000 pieces of equipment that will enhance commercial applications and help keep U.S. and allied armed forces personnel safe."
The recent launch of KVH's new CNS-5000 single-enclosure GPS/IMU is bringing KVH's technology to the forefront of commercial applications. This self-contained navigation system combines FOG-based inertial measurement technology from KVH with global positioning system (GPS) technology from leading GPS manufacturer NovAtel. The system has been a success, generating $1.9 million in new sales during the first few months of 2009 alone. It is becoming an integral component in a wide range of applications, such as autonomous unmanned ground vehicles (AUGVs) like those built by Frontline Robotics.
Remote Weapons Station (RWS) applications are also an increasingly important part of KVH's FOG business, bringing in more than $15 million in new product orders in recent quarters. The RWS systems, including Kongsberg's Protector, substantially improve crew safety and weapon accuracy by allowing gunners to operate, aim, and fire the weapon from inside the safety of their vehicles, taking the gunners out of turret positions where they are exposed to hostile fire. In this application, KVH's FOGs provide precise stabilization and weapon recoil control while ensuring that the RWS stays on target whether the vehicle is stationary or on the move.
Please visit http://www.kvh.com/FiberOpt for more information about KVH's FOG products.
Visit http://www.kvh.com/whitepapers to download KVH's case study, "Frontline Robotics Turns to CNS-5000 to Keep Unmanned Security Vehicles On Track" as well as other information about KVH's FOG products.
Note to Editors: High-resolution, press-ready photos of KVH's guidance and stabilization products are available at http://press.kvh.com/ for download and editorial use.
About KVH Industries, Inc.
KVH Industries (http://www.kvh.com/) is a leading manufacturer of solutions that provide global high speed Internet, television and voice services via satellite to mobile users at sea, on land, and in the air. KVH is also a premier manufacturer of high performance sensors and integrated inertial systems for defense and commercial guidance and stabilization applications. The company is based in Middletown, RI, with facilities in Tinley Park, IL, and Kokkedal, Denmark.
This release may contain certain forward-looking statements that involve risks and uncertainties. Forward-looking statements include, for example, the functionality, characteristics, quality and performance of KVH's products and technology; anticipated innovation and product development; and customer preferences, requirements and expectations. The actual results could differ materially. Factors that may cause such differences include, among others, those discussed in KVH's most recent Form 10-Q filed with the SEC. KVH does not assume any obligation to update its forward-looking statements to reflect new information or developments.
KVH is a registered trademark of KVH Industries, Inc. All other trademarks are the property of their respective companies.
Available Topic Expert(s): For information on the listed expert(s), click appropriate link.
Joseph (Jay) Napoli
https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=87607
KVH Industries, Inc.
CONTACT: Chris Watson of KVH Industries, +1-401-845-8138, cwatson@kvh.com
Web Site: http://www.kvh.com/
Overland Customers Recognized for Outstanding Technology Achievements by IDG's Computerworld Honors ProgramThe Rock & Roll Hall of Fame Annex NYC, Ocean Alliance and Girl Scouts of the USA Receive Prestigious Honors for Visionary Implementations of Information Technology
SAN DIEGO, June 1 /PRNewswire-FirstCall/ -- Overland Storage, Inc. today announced that three esteemed customers, the Rock & Roll Hall of Fame Annex NYC, Ocean Alliance and Girl Scouts of the USA, have been bestowed with Laureate awards by IDG's Computerworld Honors Program. This year's honorees will be commemorated tonight during the 21st Annual Laureates Medal Ceremony & Gala Awards Evening at the Andrew W. Mellon Auditorium in Washington, D.C.
For more than two decades, Computerworld Honors has acknowledged those individuals and organizations that have used information technology to benefit society. Overland's award-winning customers were acknowledged for their highly innovative data protection solutions, which encompassed Overland's disk, tape and NAS products.
Preserving Rock History in NYC with Snap Server NAS
The Rock & Roll Hall of Fame Annex NYC is an experiential, technologically advanced exhibition that focuses on the greatest moments in rock history. As an adjunct location to the Cleveland-based Rock and Roll Hall of Fame and Museum, the New York venue features state-of-the-art galleries with special lighting and sound to simulate a rock concert experience. To protect priceless pieces of music history, the Rock & Roll Hall of Fame Annex NYC invested in a leading-edge video surveillance solution featuring 48 high-resolution IP network cameras from Mobotix Vision Systems integrated with Overland's scalable, high-performance Snap Server(R) 620 network-attached storage.
The Rock & Roll Hall of Fame Annex NYC leverages its unified security and storage solution to thoroughly monitor activity in its 25,000 square-foot facility while retaining data-intensive video footage for up to a month. The ability to manage the system remotely enables staffers to ensure the highest levels of safety for visitors as well as an extra measure of protection for irreplaceable artifacts.
"We are extremely pleased to be recognized by the Computerworld Honors program for the work we've done to preserve irreplaceable pieces of rock & roll history," says David Waggett, general manager of the Rock & Roll Hall of Fame Annex NYC. "Security was of paramount importance, so we partnered with Overland and Mobotix to deploy a state-of-the-art solution that provides an extra measure of protection without disrupting the overall experience. As an extension of our eyes and ears, we expect the new cost-effective yet powerful video surveillance solution to become a critical part of our operation."
Safeguarding Scientific Research with REO/NEO Disk-to-Tape
Overland's second award recipient is Ocean Alliance, a non-profit organization that collects a broad spectrum of data on whales and ocean life relating to toxicology, behavior, bioacoustics and genetics. As part of its research, Ocean Alliance scientists take unique samples of environmental conditions and mammals for research and study, which require special precautions to ensure long-term data integrity and viability.
By relying on Overland's REO(R) SERIES disk-based and NEO(R) SERIES tape-based backup and recovery appliances, Ocean Alliance can consolidate and archive data in the most efficient, reliable and cost-effective manner possible. As a result, the alliance is better positioned to be the foremost expert on whales and ocean life, with a wealth of data and samples from around the world--all of which have been stored, correlated and protected in order to support a wide range of scientific research endeavors.
"It's an honor to receive an award for the measures Ocean Alliance has taken to ensure that crucial scientific data is readily available and secure," says Iain Kerr, CEO of Ocean Alliance. "Our deployment of Overland's highly reliable, economical disk-to-tape solutions helps us protect one-of-a-kind research data that has far-reaching impact on the health of humans, the oceans and the animals that inhabit them."
Tiered Data Protection Boosts Business Continuity for the Girl Scouts
Girl Scouts of the USA (GSUSA) continually leverages leading-edge technology to support operations and provide more than 400 employees with the latest tools to best serve its membership. When an influx of publishing and web-related data caused storage to surge by 50 percent to 5 TBs and overtaxed GSUSA's existing tape-based data protection platform, the organization turned to Overland and deployed a REO 9000 disk-to-disk (D2D) VTL appliance and NEO 2000 tape library to support business continuity while setting the stage for more interactive tools to improve information sharing and collaboration among the Girl Scouts' employees and councils worldwide.
"We are proud to receive the renowned Computerworld Honors award for our implementation of Overland's REO and NEO backup and recovery appliances," says Bob O'Connor, CTO for Girl Scouts of the USA. "With our multiple tiers of Overland data protection, we can take disaster recovery planning to the next level while achieving faster backups and restores, a longer window of disk-based data retention and highly reliable long-term archival."
According to Ravi Pendekanti, vice president of worldwide marketing for Overland Storage, the 2009 Computerworld Honors Program laureates reinforce the vital role Overland continues to play in helping its customers deploy world-class data protection solutions. "For the third consecutive year, Computerworld is commemorating Overland customers for their outstanding achievements in technology," he explains. "We're very proud of their accomplishments and are extremely pleased that once again, our REO disk-based backup and recovery VTL appliances and NEO tape libraries are integral to the success of award-winning data protection projects."
Founded by International Data Group (IDG) in 1988, the Computerworld Honors Program is governed by the not-for-profit Computerworld Information Technology Awards Foundation. In its 21st year, Computerworld Honors is the longest running global program to honor individuals and organizations that use information technology to benefit society.
The program's Chairmen's Committee, a group of 100 chairmen/CEOs of global technology companies, nominates individuals and organizations from around the world whose visionary applications of information technology promote positive social and economic progress. Nominations are evaluated by an independent board of CIO-level judges who select laureates, finalists and award recipients in 10 industry-related categories, to be honored at a Laureate Medal Ceremony.
"Each year, the Computerworld Honors Program seeks to recognize organizations, from a variety of sectors, for their ongoing efforts to utilize technology in order to benefit society," said Ron Milton, chairman of the board of trustees for the Computerworld Information Technology Awards Foundation and executive vice president of Computerworld. "We are proud to provide the platform to publicly acknowledge these contributions."
About International Data Group (IDG)
International Data Group (IDG) is the world's leading technology media, events and research company. IDG's online network includes more than 450 web sites spanning business technology, consumer technology, digital entertainment and video games worldwide. IDG publishes more than 300 magazines and newspapers in 85 countries including CIO, CSO, Computerworld, GamePro, InfoWorld, Macworld, Network World and PC World. IDG's lead-generation service, IDG Connect, matches technology companies with an audience of engaged, high-quality IT professionals, influencers and decision makers.
IDG is a leading producer of more than 750 technology-related events including Macworld Conference & Expo, LinuxWorld Conference & Expo, Entertainment for all Expo (E for All), DEMO and IDC Directions. IDC, a subsidiary of IDG, is the premier global provider of market intelligence, advisory services and events. Over 900 IDC analysts in more than 90 countries provide global, regional and local expertise on technology and industry opportunities and trends.
Additional information about IDG, a privately held company, is available at idg.com. Note: All product and company names are trademarks of their respective companies.
About Overland Storage
Overland Storage provides affordable end-to-end data protection solutions that are engineered to store smarter, protect faster and extend anywhere -- across networked storage, media types and multi-site environments. Overland Storage products include award-winning NEO SERIES(R) and ARCvault(TM) tape libraries, REO SERIES(R) disk-based backup and recovery appliances with VTL capabilities, Snap Server(R) NAS appliances, and ULTAMUS(TM) RAID high-performance, high-density storage. Overland sells its products through leading OEMs, commercial distributors, storage integrators and value-added resellers. For more information, visit Overland's web site at http://www.overlandstorage.com/
Except for the factual statements made herein, the information contained in this news release consists of forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as "believe," "hopes," "intends," "estimates," "expects," "projects," "plans," "anticipates" and variations thereof, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. Such forward-looking statements are not guarantees of performance and the company's actual results could differ materially from those contained in such statements. Factors that could cause or contribute to such differences include: possible delays in new product introductions and shipments; failure to achieve desired benefits from cost-cutting measures; market acceptance of the company's new product offerings; the ability to maintain strong relationships with branded channel partners; the timing and market acceptance of new product introductions by competitors; worldwide information technology spending levels; unexpected shortages of critical components; rescheduling or cancellation of customer orders; loss of a major customer; general competition and price pressures in the marketplace; the company's ability to control costs and expenses; and general economic conditions. Reference is also made to other factors detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this release and the company undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.
Overland, Overland Storage, REO Series, REO, NEO Series, NEO, ARCvault, ULTAMUS, Snap Server, GuardianOS and Snap Enterprise Data Replicator are trademarks of Overland Storage, Inc.
Overland Storage, Inc.
CONTACT: Sue Hetzel of HetzelMeade Communications, +1-760-434-9927, sue@hetzelmeade.com, for Overland Storage, Inc.
Web Site: http://www.overlandstorage.com/
Michael Caulfield to Join Digital Ally as Vice President of Strategic Development
OVERLAND PARK, Kan., June 1 /PRNewswire-FirstCall/ -- Digital Ally, Inc. , which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial security applications, today announced that Michael Caulfield will join the Company's management team as Vice President of Strategic Development, effective June 1, 2009.
Mr. Caulfield was most recently (2006-2009) a Managing Director at Banc of America Securities ("BAS"), where he was responsible for the investment banking firm's relationships with a broad range of large industrial companies. He was also in charge of BAS's global investment banking activities involving the Safety, Security, Engineering and Construction Industries.
Prior to joining BAS, Mr. Caulfield spent six years (2000-2006) as a Managing Director with Morgan Stanley in New York City, leading that global investment banking firm's efforts in the Aerospace and Defense Industries. He was also responsible for the investment banking relationships with a number of Morgan Stanley's largest clients.
From 1989 to 2000, he worked at General Electric Capital Corp., where he served as a Managing Director and head of the Corporate Finance Group. In this capacity, he advised GE Capital and the industrial divisions of General Electric on such issues as capital structuring, mergers and acquisitions, and private equity transactions.
Mr. Caulfield received an MBA from the Wharton School of the University of Pennsylvania and a B.S. Degree from the University of Minnesota.
"We are very pleased to welcome Michael to the Digital Ally management team," stated Stanton E. Ross, the Company's Chief Executive Officer. "His extensive contacts within the financial community, along with his experience as a financial and strategic advisor to a broad range of public and private companies, should be of great benefit to Digital Ally as we pursue an aggressive growth strategy that can leverage the full potential of our advanced digital technologies within an expanding number of industries and markets."
"In addition to his extensive experience in providing merger and acquisition services, Mr. Caulfield has over twenty years of experience in raising public and private debt and equity for his clients. He has served as an advisor to many of the largest companies in the security sector, including Raytheon, Lockheed Martin, Cogent Systems and Federal Signal," concluded Ross.
About Digital Ally, Inc.
Digital Ally, Inc. develops, manufactures and markets advanced technology products for law enforcement, homeland security and commercial security applications. The Company's primary focus is digital video imaging and storage. For additional information, visit http://www.digitalallyinc.com/
The Company is headquartered in Overland Park, Kansas, and its shares are traded on The Nasdaq Capital Market under the symbol "DGLY".
For Additional Information, Please Contact:
Stanton E. Ross, CEO at (913) 814-7774
or
RJ Falkner & Company, Inc., Investor Relations Counsel at
(800) 377-9893 or via email at info@rjfalkner.com
Digital Ally, Inc.
CONTACT: Stanton E. Ross, CEO of Digital Ally, Inc., +1-913-814-7774; or Investor Relations Counsel, RJ Falkner & Company, Inc., 1-800-377-9893, info@rjfalkner.com
Web Site: http://www.digitalallyinc.com/
Perfect World Announces Share Repurchase From A Major Shareholder
BEIJING, June 1 /PRNewswire-Asia/ -- Perfect World Co., Ltd. ("Perfect World" or the "Company"), a leading online game developer and operator based in China, today announced that it has entered into an agreement to repurchase a total of 1,203,812 shares of its Class A ordinary shares and 11,296,188 shares of its Class B ordinary shares for approximately $52.4 million from SB Asia Investment Fund II, L.P. ("SAIF"). Prior to Perfect World's IPO in July 2007, SAIF had invested in the Company's Series A Convertible Preferred Shares which automatically converted into the Company's Class A ordinary shares, with a portion thereof further converted into Class B ordinary shares, upon the IPO. Currently, the Company has two classes of ordinary shares, consisting of Class A ordinary shares and Class B ordinary shares. All ordinary shares have the same rights except for voting and conversion rights. Each Class A ordinary share is entitled to 10 votes while each Class B ordinary share is entitled to one vote on all matters submitted to shareholder approval. Each of the Company's ADSs trading on the Nasdaq Global Select Market represents five Class B ordinary shares of the Company.
Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World commented, "We believe that this presents a good opportunity to repurchase our Class A and Class B ordinary shares. On the strength of our cash position, we continue to be fully confident in our ability to successfully execute our business strategies and deliver long-term shareholder value."
About Perfect World Co., Ltd. ( http://www.pwrd.com/ )
Perfect World Co., Ltd. is a leading online game developer and operator based in China. Perfect World primarily develops online games based on proprietary game engines and game development platforms. The Company's strong technology and creative game design capabilities, combined with extensive local knowledge and experience, enable it to frequently and rapidly introduce popular games that are designed to cater to changing customer preferences and market trends in China. The Company's current portfolio of self-developed online games includes massively multiplayer online role playing games ("MMORPGs"): "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian," "Chi Bi," "Pocketpet Journey West" and "Battle of the Immortals;" and an online casual game: "Hot Dance Party." While a substantial portion of the revenues are generated in China, the Company's games have been licensed to leading game operators in a number of countries and regions in Asia, Europe and South America. The Company also generates revenues from game operation in North America. The Company plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.
Safe Harbor Statements
This press release contains forward-looking statements. These statements constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "future," "plans," "believes" and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, our limited operating history, our ability to protect our intellectual property rights, our ability to respond to competitive pressure, changes of the regulatory environment in China, and economic slowdown in China and/or elsewhere. Further information regarding these and other risks is included in Perfect World's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Perfect World does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For further information, please contact
Perfect World Co., Ltd.
Vivien Wang
Investor Relations Officer
Tel: +86-10-5885-1813
Fax: +86-10-5885-6899
Email: ir@pwrd.com
http://www.pwrd.com/
Christensen Investor Relations
Kathy Li
Tel: +1-480-614-3036
Fax: +1-480-614-3033
Email: kli@christensenir.com
Roger Hu
Tel: +852-2117-0861
Fax: +852-2117-0869
Email: rhu@christensenir.com
Perfect World Co., Ltd.
CONTACT: Vivien Wang, Investor Relations Officer of Perfect World Co., Ltd., +86-10-5885-1813, or fax, +86-10-5885-6899, or ir@pwrd.com; Or Kathy Li, +1-480-614-3036, or fax, +1-480-614-3033, or kli@christensenir.com; Or Roger Hu, +852-2117-0861, or fax, +852-2117-0869, or rhu@christensenir.com, both of Christensen Investor Relations
Web site: http://www.pwrd.com/
Phoenix Technologies to Host Investor Bus Tour on Wednesday, June 3rd
MILPITAS, Calif., June 1 /PRNewswire-FirstCall/ -- Phoenix Technologies Ltd. , the leader in PC 3.0(TM) products, services and embedded technologies, announced that it will host Needham & Co.'s 'Semiconductor Bus Tour in Silicon Valley' at its headquarters on Wednesday, June 3, 2009. Mr. Richard Arnold, Chief Operating Officer and Chief Financial Officer, will provide an overview of the Company's strategic direction and key initiatives and an update on developments in the Company's key markets.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070410/SFTU048LOGO)
Investors are invited to listen to the conference call by telephone at: 877-941-2333 (U.S./Canada) or 480-629-9724 (international), or via webcast on the investor relations section of the Company's website at http://investor.phoenix.com/webcasts.cfm. A replay of the webcast will be available two hours after the conclusion of the call. An audio replay of the conference call will also be available approximately two hours after the conclusion of the call and will be available until 8:30 a.m. PT on Friday, July 3, 2009. The audio replay can be accessed by dialing 800-406-7325 (U.S./Canada) or 303-590-3030 (international) and entering conference call ID 4090320.
About Phoenix Technologies
Phoenix Technologies Ltd. , the leader in PC 3.0(TM) products, services and embedded technologies, pioneers open standards and delivers innovative solutions that enable the PC industry's top system builders and specifiers to differentiate their systems, reduce time-to-market and increase their revenues. The Company's flagship products and services -- SecureCore, Embedded BIOS, FailSafe, HyperSpace and eSupport -- are revolutionizing the PC user experience by delivering unprecedented performance, security, reliability, continuity, and ease-of-use. The Company established industry leadership and created the PC clone industry with its original BIOS product in 1983. Phoenix has 159 technology patents and 136 pending applications, and has shipped in over one billion systems. Phoenix is headquartered in Milpitas, California with offices worldwide. For more information, visit http://www.phoenix.com/.
Phoenix, Phoenix Technologies, Phoenix SecureCore, Embedded BIOS, FailSafe, HyperSpace, eSupport.com, PC 3.0 and the Phoenix Technologies logo are trademarks and/or registered trademarks of Phoenix Technologies Ltd. All other marks referenced herein are the property of their respective owners.
Investor Relations Contact:
The Piacente Group, Investor Relations Counsel
Sanjay M. Hurry
Tel. +1 212 481 2050
Email: phoenix@thepiacentegroup.com
Photo: http://www.newscom.com/cgi-bin/prnh/20070410/SFTU048LOGO http://photoarchive.ap.org/ photodesk@prnewswire.com
Phoenix Technologies Ltd.
CONTACT: Investors, Sanjay M. Hurry of The Piacente Group, +1-212-481-2050, phoenix@thepiacentegroup.com, for Phoenix Technologies Ltd.
Web Site: http://investor.phoenix.com/webcasts.cfm http://www.phoenix.com/
Convera(R) Corporation and Firstlight ERA to Create a new Search and Advertising Company for Publishing Market. Convera Will Also Distribute Cash to Stockholders.
VIENNA, Va., June 1 /PRNewswire-FirstCall/ -- Convera Corporation - http://www.convera.com/ - announced today the signing of a merger agreement with Firstlight Online Limited (a UK company) and Convera's merger subsidiary as well as Convera's intent to distribute cash to its existing stockholders of record.
The combined new company will bring together the vertical search technology of Convera and the advertising sales and marketing capabilities of Firstlight. It will have over 60 corporate customer accounts and 120 existing websites with approximately 1500 advertisers. The new company will provide technology and advertising to the publishing market and expects to generate revenue from advertising sales and subscriptions. In addition, it will build a series of its own industry search engines. After the merger, Patrick Condo, Convera's CEO, will become the Chairman of the board, and Colin Jeavons, Firstlight's CEO, will become the CEO.
When the merger becomes effective, Convera and Firstlight will each own 33.3% and 66.7% of the total outstanding common stock of the new company, respectively, subject to certain adjustments which may enable Convera to own up to 42% of the new company prior to the distribution.
The merger is subject to Convera stockholders' approval and certain other customary closing conditions. The merger is expected to close during the 2009 summer.
Convera expects to adopt a plan of dissolution prior to the closing of the merger and to file a certificate of dissolution with the Delaware Secretary of State following the merger. Convera's plan of dissolution contemplates an orderly wind down of its business and operations. After filing its certificate of dissolution, Convera intends to make one or more distributions to its stockholders of cash available for distribution, subject to applicable legal requirements. Following the filing of a certificate of dissolution, Convera will delist its common stock from NASDAQ. Upon filing of its certificate of dissolution, Convera will close its stock transfer books and discontinue recording transfers of its stock on its books, except by will, intestate succession or operation of law. Holders of Convera's Class A common stock are expected to receive payment or distribution in cash and in kind on a pro rata basis in accordance with the number of
Class A common stock they have pursuant to the plan of distribution to be adopted.
Shortly after filing the certificate of dissolution, Convera expects to make an initial cash distribution of $10,000,000 in aggregate to its stockholders of record as of the date of filing of the certificate of dissolution. Additional information regarding the merger, the plan of dissolution and the distribution will become available on an Information Statement on Form 14-C, to be filed with the Securities and Exchange Commission as soon as practicable before the closing of the merger, which will also be mailed to Convera's stockholders and be available at Convera's web site at http://www.convera.com/.
About Convera(R)
Convera is a leading provider of vertical search services for publishers. Based on a semantic index of the Web, Convera enables publishers to generate additional revenue by creating customized search applications for specialist audiences under their own brand. Many of the world's largest publishers use Convera vertical search services to accelerate their e-publishing strategies, meet growing monetization goals and build loyal online professional communities of record as of the date of filing of the certificate of dissolution. Convera is headquartered in Vienna, VA with major offices in Carlsbad, CA. Convera is listed on NASDAQ under the ticker symbol CNVR.
Important Additional Information will be filed with the SEC
This press release is for informational purposes only. It is neither a solicitation of a proxy, an offer to purchase, nor a solicitation of an offer to sell shares of Convera. In connection with the proposed merger transaction and the plan of dissolution, Convera intends to file with the SEC all the required and relevant materials. Stockholders may obtain a free copy of the materials (when they become available) filed by Convera with the SEC, at the SEC's web site at http://www.sec.gov/. In addition, Convera will mail a copy of certain relevant materials to stockholders of record on the record date when it becomes available. A free copy of the materials when they become available and filed with the SEC by Convera may also be obtained by directing a written request to: Convera Corporation, Attn: Secretary, 1921 Gallows Road, Suite 200, Vienna, Virginia 22182, or accessing the "About Convera--SEC Filings" section of Convera's website at http://www.convera.com/.
Cautionary Statement About Forward-Looking Statements
Certain statements contained in this release constitutes forward-looking statements. These forward-looking statements reflect Convera's current plan and expectations concerning future events, including without limitation the closing of the merger, the adoption of the plan of dissolution, the filing of the Certificate of Dissolution, the cessation of stock trading on NASDAQ and the distribution to Convera's stockholders. Such forward- looking statements involve a number of risks and uncertainties, including factors listed from time to time in the documents Convera filed with the Securities and Exchange Commission, which could cause actual events or results to differ materially from those expected. Convera cautions the readers that this list is not exhaustive. These filings can be obtained from the SEC's website at http://www.sec.gov/. Convera operates in a changing business environment and new risks arise from time to time. The forward-looking statements included in this release are made only as of the date of this release and are based on information available to Convera at such time. Convera does not have or undertake any obligation to update any forward-looking statements to reflect subsequent events or circumstances other than as required by applicable federal securities laws.
Convera
CONTACT: Matthew Jones, Chief Financial Officer, of Convera Corporation, +1-703-761-3700, mjones@convera.com
Web Site: http://www.convera.com/
Fushi Copperweld Reaches Litigation Settlement Agreement
DALIAN, China, June 1 /PRNewswire-Asia-FirstCall/ -- Fushi Copperweld, Inc., (the "Company" or "Fushi") , the leading global manufacturer and innovator of copper-clad bimetallic wire used in a variety of telecommunication, utility, transportation and other electrical applications, today announced that it has entered into a settlement agreement and an escrow agreement with Kuhns Brothers whereby both parties have agreed to settle and resolve the dispute between both parties.
The total amount Kuhns Brothers can recover from the Company is $7.0 million and the judgment shall be satisfied by January 15, 2010. Under the terms of this settlement agreement, the Company shall (i) deliver to Kuhns Brothers the cash component of an escrow account in the amount of USD$1.0 million plus accrued interest, which is currently being held in escrow (the "Escrow Assets"), (ii) deliver to Kuhns the stock component of the Escrow Assets comprised of 100,000 shares of the Company's common stock, and (iii) deposit a certificate for 2.2 million shares of the Company's common stock into a newly established escrow account with Continental Stock Transfer & Trust (the "Escrow Shares") along with an executed stock power in blank, pursuant to the escrow agreement. The parties agreed to deposit a total of 2.2 million shares of common stock in the event of a potential decline in the Company's stock price. However, Kuhns can only receive proceeds from the sale of such number of Escrow Shares necessary to satisfy the $7.0 million judgment, after reducing the judgment by the Escrow Assets. Any Escrow Shares remaining after full satisfaction of the Judgment shall be released to the Company and cancelled.
The Company has already accrued $7.2 million for this litigation settlement as a contingent liability in the second quarter of 2008 and allocated the amount between equity and expenses accordingly. The Company reaffirms comfort with its second quarter adjusted fully diluted EPS estimate of $0.21-$0.25 and that its profitability on an adjusted EPS basis, will improve sequentially throughout 2009.
Mr. Li Fu, Chairman and Chief Executive Officer of Fushi Copperweld, commented, "We are pleased to put this matter behind us and continue to concentrate on the execution of our strategic initiatives for growth. We remain optimistic about the overall health of the bimetallic industry as well as the prospects for our company."
This settlement is described in greater detail in the Company's current report on Form 8-K that has been filed with the SEC today.
About Fushi Copperweld, Inc.
Fushi Copperweld, Inc. through its wholly owned subsidiaries, Fushi International (Dalian) Bimetallic Cable Co,, Ltd., and Copperweld Bimetallics, LLC, is the leading manufacturer and innovator of copper cladded bi-metallic engineered conductor products used in the electrical, telecommunications, transportation, utilities and industrial industries. With extensive design and production capabilities and a long-standing dedication to customer service, Fushi-Copperweld, Inc. is the preferred choice bi-metallic products world-wide. For more information, visit: http://www.fushicopperweld.com/ .
Safe Harbor Statement
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "will" "believes", "expects" or similar expressions. These forward-looking statements may also include statements about our proposed discussions related to our business or growth strategy, which is subject to change. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov/ .
For more information, please contact:
Nathan Anderson
Vice President of Investor Relations
Fushi Copperweld, Inc.
Tel: +1-931-433-0482
Email: IR@fushicopperweld.com
Bill Zima
ICR Inc.
Tel: +1-203-682-8200
Fushi Copperweld, Inc.
CONTACT: Nathan Anderson, Vice President of Investor Relations of Fushi Copperweld, Inc., +1-931-433-0482, or IR@fushicopperweld.com; or Bill Zima of ICR Inc., +1-203-682-8200, for Fushi
Web Site: http://www.fushicopperweld.com/
Bridgepoint Education's Ashford University Awards 10 Full-Ride Online Scholarships to Working Moms and Dads
SAN DIEGO, June 1 /PRNewswire-FirstCall/ -- Bridgepoint Education's Ashford University has awarded 10 full-ride online degree program scholarships to working parents from across the nation through a partnership with eLearners.com and its Project Working Mom and Dads advocacy campaign. Bridgepoint Education, Inc. is a provider of postsecondary education services.
"Project Working Mom...and Dads, Too!" was developed by eLearners.com, a Web resource of EducationDynamics, to help send parents back to college - tuition free - in these difficult economic times.
This latest campaign, the third in a series and the first to include fathers, received more than double the number of applications submitted in the first two rounds held in 2008 combined. More than 315,000 applications were generated, including some of the most painful, touching and inspiring essays as part of the process. With five online universities and colleges participating, Ashford University was chosen by more than 41 percent of the applicants, accounting for nearly 130,000 applications.
"The overwhelming response to this scholarship opportunity and the stories of sacrifice and determination from the applicants have been a stark reminder of the struggles parents face in balancing life, work and school and how online education helps people achieve their goals," Jane McAuliffe, president and chief executive officer of Ashford University said.
Ashford University faculty members spent hundreds of hours reviewing applications, resulting in 10 deserving recipients receiving the life-changing call.
Four of the scholarship winners reside in California. They include Erin Buck from Vacaville, Clara Galvan from Alta Loma, Donna Perry from Los Angeles and Cecilia Portugal from Daly City. Richard Shields of Longmont, Colorado, and Gail Kenny from Prescott Valley, Arizona, are also Western states winners.
Two of the scholarship recipients are from Maryland. They include Agaba Bisengo from Silver Spring and Terry Satchell from Easton. Michael Kurilovitch from Niagra Falls, New York, and Jacklyn Schmetzer from Ashburn, Virginia, round out the list of Eastern states winners.
Ashford University's full-ride, tuition-free scholarships are for online degree programs ranging from associate's to the doctorate level. Collectively, the scholarships total nearly $500,000.
"The escalating interest in this campaign illustrates the importance of higher education to working parents across America," said McAuliffe. "Online higher education provides working parents with flexibility in earning their degrees."
"As a working mom myself, I am proud to impact these scholarship recipients in a positive way," said McAuliffe. "What gives me the most satisfaction is knowing that each of these winners has a child who will experience a parent bettering themselves by earning his or her college education. These winners are role models."
About Bridgepoint Education
Based in San Diego, California, Bridgepoint Education was founded on the principle that anyone who is academically prepared deserves access to higher education without sacrificing quality, transferability of credits, accessibility, academic standards, or credentials. As an independent, private higher education company, Bridgepoint is committed to serving the millions of adults seeking an affordable alternative to high priced higher education. Bridgepoint Education subsidiaries provide both traditional and online education offerings, in addition to recruiting and admissions services. The organization's comprehensive education services have helped thousands of students improve their lives and careers through higher education. For more information, please visit http://www.bridgepointeducation.com/ or contact Shari Rodriguez, Director of Public Relations, at 858.668.2586 x2513.
About Ashford University
Founded in 1918, Ashford University is a coeducational institution regionally accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools, with programs in education, business, accounting, criminal and social justice, computer animation and graphic design, and other areas. The University offers undergraduate and graduate degrees, as well as a range of student activities and athletics, at its Clinton campus. Online degree programs are available in education, organizational management, business administration, and psychology. The University is known for its high quality yet highly affordable on-campus and online programs, with tuition fees among the lowest in the U.S. compared to other private institutions. Its tagline is: "Higher Education Made Affordable"SM. For more information, please visit http://www.ashford.edu/ or contact Shari Rodriguez, Director of Public Relations, at 858.513.9240 x2513.
About eLearners.com(R)
eLearners.com is one of several high visibility websites operated by EducationDynamics. Since 1999, eLearners.com has been successfully connecting learners to online education, including online degree and certificate programs, specialized career training, and a variety of online courses. For prospective students, eLearners.com provides a powerful search engine for users to find thousands of online program offerings, as well as educational evaluation tools and financial aid resources. For colleges and universities, the eLearners.com website offers a low-cost, performance-based method to provide national exposure and increase enrollments in their online learning programs. For more information on eLearners.com, visit http://www.elearners.com/.
Bridgepoint Education, Inc.
CONTACT: Shari Rodriguez, Director of Public Relations of Bridgepoint Education, Inc., +1-858-668-2586, ext. 2513, shari.rodriguez@bridgepointeducation.com
Web Site: http://www.bridgepointeducation.com/ http://www.ashford.edu/ http://www.elearners.com/
/C O R R E C T I O N -- MediaTek Inc./In the news release, "MediaTek MT7118, the Best SoC Choice for the Most Cost Effective WiMAX + GSM Dual Mode Handsets and Embedded Devices," issued earlier today by MediaTek Inc. over PR Newswire Asia, we are advised by the company that in the third sentence, seventh paragraph, should read, "MT7119, in a 1.5x1.5cm small package allows a solution of 2-port Ethernet, 2-port VoIP and an 11n WiFi chip to all fit in a less than 10x10 cm board", as opposed to what was originally issued inadvertently. Full, correct release follows.MediaTek MT7118, the Best SoC Choice for the Most Cost Effective WiMAX + GSM Dual Mode Handsets and Embedded Devices
HSINCHU, Taiwan, June 1 /PRNewswire-Asia/ -- MediaTek (Taiwan Stock Exchange: 2454), a worldwide leader in wireless and consumer electronics SoCs today announces a new WiMAX Forum Wave2 chip, MT7118 for USB dongles, handsets, and other embedded devices. Announced at the same time is a prototype of low cost WiMAX and GSM EDGE dual mode phone, produced by a MediaTek handset partner. This is the first WiMAX phone design supported by a leading cellular chip vendor. This design is based on MediaTek WiMAX chip and world leading MediaTek EDGE baseband processor.
CT Chuang, Vice President of MediaTek, said "MediaTek is not only a chip company, but a leader clearly setting its marks as the best WiMAX SoC solution provider. Our expertise in systems is vital to the success of WiMAX. The latest WiMAX SoC and integrated GSM+WiMAX dual mode handsets are only the beginning of our plan to integrate more wireless technology with future electronics." He added "WiMAX industry needs a chip company that possesses the breadth and depth of technology and experience of diverse platforms."
This is one of the most cost optimized WiMAX handsets in the market today It enables voice over EDGE network and voice/data over WiMAX network, while the USB port of the phone can be used for data connectivity with laptops. It also features a 2.8 inch touch screen and 5M pixel camera. The VoIP engine inside the phone has gone through stringent IOT and field trials for over 4 years, making it the most trusted and risk free dual-mode handset. MediaTek brings its expertise in GSM and software directly into the handset and put together a turnkey solution for operators.
With BOM of less than US$100, this is a truly cost effective solution, without compromising quality and performance, which is essential to enable mobile WiMAX applications in emerging markets.
Mike Roberts, principal analyst at Informa Telecoms & Media said, "WiMAX needs more high-quality, low-cost devices, and MediaTek's solutions will help enable them, given its track record as a leading mobile chipset vendor. The dual-mode phone based on MediaTek chips should build momentum for WiMAX in key emerging markets, given the device's combination of WiMAX for high-speed broadband and GSM/EDGE for ubiquitous voice and data services."
This dual mode phone is announced together with MediaTek MT7110 series WiMAX chips, which have already been chosen by Green Packet Berhad (Greenpacket), a Malaysian KLSE main board listed international technology company. Senior vice president of Greenpacket, James Wang expressed that "MediaTek MT7110 series of SoC deliver 2x2 uplink and downlink MIMO, transmit switch diversity, and Beamforming, which will provide the most optimized radio performance to our customers. We are glad to be an alpha customer of MediaTek's 2nd generation WiMAX SoC. We enjoy working with MediaTek because they are the only WiMAX vendor that can provide not only silicon, but also WiMAX software solutions for CPE, USB dongles, handsets, and other consumer electronics. MediaTek WiMAX roadmap aligns with our rollout from fixed, nomadic to full mobility."
MT7110 series are WiMAX Forum wave2 compliance chips. They support 2.3- 2.7GHz and 3.3-3.8GHz. MT7119, in a 1.5x1.5cm small package allows a solution of 2-port Ethernet, 2-port VoIP and an 11n WiFi chip to all fit in a less than 10x10 cm board. MT7117 is a smaller chip for data-only or data with one-port VoIP in an even smaller board. MT7118 with it patented power saving designs, is perfect for modules, handsets, and other mobile devices.
Samples and pricing of MT7110 series and reference designs are available upon request.
About MediaTek Inc.
MediaTek Inc. is a leading fabless semiconductor company for wireless communications and digital multimedia solutions. Founded in 1997, MediaTek is headquartered in Taiwan and has sales and research subsidiaries in Mainland China, Singapore, India, U.S., Japan, Korea, Ireland, Denmark and England. For more information, please visit MediaTek's website at http://www.mediatek.com/
Contact:
Sharon Lo
Tel: +886-3-567-0766 # 21435
Email: sharon.lo@mediatek.com
MediaTek Inc.
CONTACT: Sharon Lo, +886-3-567-0766 ext 21435, sharon.lo@mediatek.com
Web Site: http://www.mediatek.com/
CyberDefender Expands Offerings To Include Top-Rated Mozy Online Backup Service;Voices Concern That Fewer Than One In Ten Users Backup Their Data; Sees Backup As Essential To Security In Combination With CyberDefender Products And Services
LOS ANGELES, June 1 /PRNewswire-FirstCall/ -- CyberDefender Corporation (BULLETIN BOARD: CYDE) , an award-winning provider of PC security, Antispyware/ Antivirus Software, PC Optimization, PC Support, and Identity Theft Prevention solutions, announced today it has entered into a partnership agreement with Decho Corporation, an EMC company , to offer the top-rated Mozy online backup service to current and potential CyberDefender customers. This new partnership solidifies CyberDefender's leadership as a one-stop security provider, offering a full suite of security-related products, which now includes PC Online Backup.
"Even our most security-conscious customers often overlook the importance of data backup. In fact, roughly only one in ten of the general population backs up its data, pictures, and music on even a sporadic basis despite the fact that hard drive crashes and one of a kind document losses and theft are an everyday occurrence," said Gary Guseinov, CEO of CyberDefender. "Decho's best-in-class Mozy online backup rounds out CyberDefender's product line and we believe a growing number of customers will make this part of their best practice approach to security."
"We are very excited that CyberDefender is now offering Mozy online backup to its customer base. Combining our two companies' advanced technologies is a major step in the fight against identity theft, data corruption and catastrophic data loss as a result of spyware, viruses, hard drive crashes and theft," said Dave Robinson, Mozy vice president of marketing at Decho Corp. "Customers have the right to keep their valuable digital information safe and secure, and in selecting Mozy as a partner CyberDefender will be offering its users the world's most trusted online backup solution."
Mr. Guseinov stated further: "Supporting the needs of our customers so they continue to turn to CyberDefender is an essential element in our growth strategy, and we are quite pleased to be able to provide this latest top of the line addition to our services."
About CyberDefender Corporation
CyberDefender Corporation believes that its Internet security technology offers the earliest possible detection and most aggressive defense against Internet security attacks. CyberDefender believes that it is the only Internet security software company to combat spyware, viruses, and identity theft using a patent pending secure peer-to-peer collaborative threat protection network (the earlyNETWORK), enabling protection that is unparalleled in speed and flexibility. Products employing the earlyNETWORK include CyberDefender's MyIdentityDefender Toolbar, CyberDefenderFREE V2.0, and CyberDefender Early Detection Center V2.0. All of these products are fully compatible with Microsoft's Vista Operating system and available at http://www.cyberdefender.com/.
About Decho
Decho is dedicated to helping people protect, manage and enrich their "digital echo" - the valuable and ever-growing body of personal, digital information that reverberates through their lives. Mozy, the company's flagship offering, is the leading online backup service for both consumers and businesses, and Decho is actively developing other services. Decho is headquartered in Seattle and is an EMC company. For more information, please go to http://www.decho.com/.
CONTACTS:
Kevin Harris
Chief Financial Officer
CyberDefender
Kevin@cyberdefender.com
Tel: 213-689-8631 X127
Fax: 213-689-8640
Ken Donenfeld
DGI Investor Relations
donfgroup@aol.com
Tel: 212-425-5700
Fax: 646-381-9727
Devin Knighton
Mozy PR & AR
Decho Corp.
devink@decho.com
Office: (801) 756-2331 ext.315
CyberDefender Corporation
CONTACT: Kevin Harris, Chief Financial Officer of CyberDefender, +1-213-689-8631, ext. 127, or fax, +1-213-689-8640, Kevin@cyberdefender.com; or Ken Donenfeld of DGI Investor Relations, +1-212-425-5700, or fax, +1-646-381-9727, donfgroup@aol.com; or Devin Knighton of Mozy PR & AR, +1-801-756-2331 ext. 315, devink@decho.com, for Decho Corp.
Web Site: http://www.cyberdefender.com/
California Micro Devices Presents Display Electronic Solutions at SID 2009 Display WeekHigh Speed Serial Display Controllers and LED Lighting Protection to be Highlighted
SAN ANTONIO, June 1 /PRNewswire-FirstCall/ -- 47th SID 2009 Display Week, Henry B. Gonzalez Convention Center, San Antonio, Texas, CMD Booth # 675 -- California Micro Devices will be showcasing its display controller solutions based on the Mobile Digital Display Interface (MDDI) and Mobile Industry Processor Interface (MIPI(R)) standards for mobile handsets and its LuxGuard ESD protection solutions for LED lighting applications at the 47th SID 2009 International Symposium, Seminar and Exhibition Display Week from June 2nd through 4th.
Display Controller Solutions
CMD will be demonstrating its portfolio of serial interface display controllers supporting both MDDI and MIPI(R) based standards. The CM5100 MDDI based serial client features an integrated display controller with embedded memory that supports primary thin film transistor (TFT) liquid crystal displays (LCDs) with resolutions up to QVGA. The CM5160 bridge controller permits handsets that utilize CPUs and application processors with on-chip MDDI compatible hosts to interface to liquid crystal display (LCD) modules incorporating either MDDI or MIPI(R) based clients. The CM5210 utilizes a RAM-less MIPI(R) Type 4 video mode interface and can support MIPI(R) display module applications up to WXGA.
LuxGuard ESD Protection Devices
CMD will also be demonstrating and will present a paper on its LuxGuard family of solutions for ESD protection and thermal management for high power, high brightness LED lighting applications. LuxGuard provides customers popular design options that can fit seamlessly into existing architectures while leveraging CMD's extensive technical, manufacturing and product capabilities. A pioneer in the development of ESD protection circuits for high power ultra high brightness (UHB) LED applications, CMD has shipped more than 300 million units to customers since 2001.
About California Micro Devices Corporation
California Micro Devices Corporation is a leading supplier of application specific analog and mixed signal semiconductor products for the mobile handset, digital consumer electronics and personal computer markets. Key products include protection devices for mobile handsets, digital consumer electronics products such as digital TVs, and personal computers as well as analog and mixed signal ICs for mobile handset displays. Detailed corporate and product information may be accessed at http://www.cmd.com/.
The CMD logo and LuxGuard are trademarks of California Micro Devices Corporation. All other trademarks are property of their respective owners.
California Micro Devices Corporation
CONTACT: Kyle Baker of California Micro Devices Corporation, +1-408-934-3117, kyleb@cmd.com
Web Site: http://www.cmd.com/
California Micro Devices Announces XtremeESD(R) Design Wins for New Sharp Aquos LCD TVs
SANTA CLARA, Calif., June 1 /PRNewswire-FirstCall/ -- California Micro Devices announced that Sharp Electronics Corporation has selected its CM1234 low capacitance electrostatic discharge (ESD) solution to protect multiple HDMI(TM) video ports in eleven new Sharp Aquos series liquid crystal display (LCD) TVs. The CM1234 design wins include six models of the Aquos E series full HD LCD TVs and five models of the Aquos BD series LCD TVs. Designed for the US market, all the models are available now. The CM1234 delivers robust ESD protection, meeting an exacting specification of plus or minus 15kV contact discharge, and plus or minus 20kV air discharge per the IEC61000-4-2 standard, while providing superior levels of signal integrity.
"Sharp has specific requirements for higher levels of ESD protection combined with superior signal integrity performance for the HDMI ports," stated Kyle Baker, vice president of marketing for California Micro Devices. "Our PicoGuard XS(R) architecture with a unique matched impedance design that optimizes both ESD performance and signal integrity was ideally positioned to meet those exacting requirements."
Picoguard XS Impedance Matching
The PicoGuard XS architecture integrates inductors with the ESD diodes to create fixed point impedance matching for high speed data lines. Traditionally, system designers compensate for the capacitance of the ESD protection device by adding external inductance and or eliminating capacitance under the signal traces. These approaches add complexity, cost, and are PCB board dependent, limiting the ability to use multiple board vendors. The CM1234 eliminates the need for these measures, providing matched impedance with no external compensation or components required. Compared with current best in class ESD diode arrays, the CM1234 offers a 40% reduction in peak clamping voltage and a 15-40% reduction in peak residual current.
About California Micro Devices Corporation
California Micro Devices Corporation is a leading supplier of application specific analog and mixed signal semiconductor products for the mobile handset, digital consumer electronics and personal computer markets. Key products include protection devices for mobile handsets, digital consumer electronics products such as digital TVs, and personal computers as well as analog and mixed signal ICs for mobile handset displays. Detailed corporate and product information may be accessed at http://www.cmd.com/.
XtremeESD and PicoGuard XS are registered trademarks of California Micro Devices Corporation. All other trademarks are property of their respective owners.
California Micro Devices Corporation
CONTACT: Kyle Baker, Micro Devices Corporation, +1-408-934-3117, kyleb@cmd.com
Web Site: http://www.cmd.com/
Rainmaker Extends Lead Development Agreement With Fortune 500 Network Computing ClientGlobal Inbound Response Management for Lead Distribution
CAMPBELL, Calif., June 1 /PRNewswire-FirstCall/ -- Rainmaker Systems, Inc. , a leading provider of sales and marketing solutions combining hosted application software and execution services, today announced a one-year extension of its lead development agreement with its Fortune 500 global network computing client.
Rainmaker supports the client for global inbound response management including distribution of leads to numerous countries in multiple languages and qualification of leads by our global Telemarketing team. Rainmaker manages inbound responses through multiple contact channels including web, email, chat, web call back or 800#. All customers and prospects are categorized, qualified and distributed to sales teams throughout the world.
Rainmaker's CEO Michael Silton commented, "We are pleased to be awarded this extended agreement, which reflects our proven track record of success with this client to optimize their revenue utilizing our web-enabled applications and global execution capabilities."
About Rainmaker
Rainmaker Systems, Inc. delivers sales and marketing solutions, combining hosted application software and execution services designed to drive more revenue for our clients. Our Revenue Delivery Platform(SM) combines proprietary, on-demand application software and advanced analytics with specialized sales and marketing execution services. Rainmaker clients include large enterprises in a range of industries, including computer hardware and software, telecommunications, and financial services industries. For more information, visit http://www.rmkr.com/ or call 800-631-1545.
NOTE: Rainmaker Systems, the Rainmaker logo, and Sunset Direct are registered with the U.S. Patent and Trademark Office. All other service marks or trademarks are the property of their respective owners.
This press release contains forward-looking statements regarding future events. These forward-looking statements are based on information available to Rainmaker as of this date and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance, and actual results could differ materially from current expectations. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are general market conditions, the current very difficult macro-economic environment and its impact on our business as our clients are reducing their overall marketing spending and our clients' customers are reducing their purchase of services contracts, the high degree of uncertainty and our limited visibility due to economic conditions, our ability to execute our business strategy, our ability to integrate acquisitions without disruption to our business, the effectiveness of our sales team and approach, our ability to target, analyze and forecast the revenue to be derived from a client and the costs associated with providing services to that client, the date during the course of a calendar year that a new client is acquired, the length of the integration cycle for new clients and the timing of revenues and costs associated therewith, our client concentration given that we are currently dependent on a few significant client relationships, our ability to expand our channel hosted contract solution and drive adoption of this solution by resellers, potential competition in the marketplace, the ability to retain and attract employees, market acceptance of our service programs and pricing options, our ability to maintain our existing technology platform and to deploy new technology, our ability to sign new clients and control expenses, the possibility of the discontinuation and/or realignment of some client relationships, and the financial condition of our clients' businesses, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including our filings on Forms 10-K and 10-Q.
Rainmaker Systems, Inc.
CONTACT: Steve Valenzuela, Chief Financial Officer of Rainmaker Systems, Inc., +1-408-340-2560, stevev@rmkr.com; or Investor Relations, Todd Kehrli or Jim Byers, both of MKR Group, Inc., +1-323-468-2300, rmkr@mkr-group.com, for Rainmaker Systems, Inc.
Web Site: http://www.rmkr.com/
Teltronics, Inc. Passes Annual ISO 9001:2000 Re-Assessment Audit for the Eighth Consecutive YearTeltronics meets the intensive, quality management certification requirements for the International Organization for Standardization, ISO 9001:2000.
SARASOTA, Fla., June 1 /PRNewswire-FirstCall/ -- Teltronics, Inc. (OTC Bulletin Board: TELT), a premier provider of contract manufacturing services to the military, medical, security, industrial and communications industries, continues ISO 9001:2000 certification after successfully completing the full, re-assessment audit performed by the registrar, British Approval Board for Telecommunications (BABT). The worldwide ISO certification governs and promotes the development of commerce standardization to facilitate the international exchange of goods & services.
Teltronics has established and demonstrated effective procedures and processes that ensure that all of its products are manufactured, installed, and serviced under the quality management principles which carry an internationally recognized and certified level of excellence. Teltronics has held the ISO certification since 1998, and was re-certified in 2006 after a comprehensive examination of its Quality System and Operations.
Rob Ramey, Vice President of Manufacturing for Teltronics, said, "I am proud of the hard work and dedicated spirit of our staff in achieving this notable recognition." He continued, "The significance of this certification is that it continues to demonstrate the commitment to our customers to maintain and continuously improve the quality of the goods and services we offer."
About Teltronics:
Teltronics, Inc. is a leading, global provider of innovative communications solutions that enable our customers to increase revenues, decrease costs and improve productivity. The Company designs, develops and manufactures electronic equipment and applications software systems that enhance the performance of communications networks. Teltronics develops VoIP and digital voice communications platforms and software and contact center solutions for small-to-large size businesses and government facilities. Teltronics is also recognized as a leading provider of network management solutions enabling enterprises and service providers to effectively monitor and maintain voice and data networks. All products are manufactured in an ISO 9001:2000 certified factory and the Company serves as a contract manufacturing partner to customers nationwide. Further information regarding Teltronics is available at the web site, http://www.teltronics.com/.
A number of statements contained in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as we "believe," "anticipate," "expect," or words of similar import. Similarly, statements that describe our future plans, objectives, strategies or goals are also forward-looking statements. These forward-looking statements involve a number of risks and uncertainties that may materially adversely affect the anticipated results. Such risks and uncertainties include, but are not limited to, the timely development and market acceptance of products and technologies, competitive market conditions, payment of the consideration under our acquisition agreements, successful integration of acquisitions and the failure to realize the expected benefits of such acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses ,the ability to make payments under our outstanding indebtedness, the ability to pay dividends on our preferred stock, risks relating to foreign currency translations, and other factors described in the Company's filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements made herein and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we disclaim any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Teltronics, Inc.
CONTACT: Ewen R. Cameron, President & CEO, Teltronics, Inc., ecameron@teltronics.com, +1-941-753-5000
Web Site: http://www.teltronics.com/
Expedia.com Announces Its Biggest Hotel Sale EverSavings up to 30% off already low rates at more than 5,000 hotels in over 350 destinations worldwide
BELLEVUE, Wash., June 1 /PRNewswire-FirstCall/ -- Kicking off the summer travel season, Expedia.com(R) (http://www.expedia.com/; 1-800-EXPEDIA), the world's leading online travel site, announced the biggest hotel sale in its history. Launching today, Expedia.com's massive sale offers discounts of up to 30% off its everyday rates at more than 5,000 hotels in more than 350 destinations worldwide.
"Expedia.com is the place to book summer travel because of our unmatched selection, flexibility, and value. With savings of up to 30% off our everyday rates at more than 5,000 hotels across 350 destinations worldwide, travelers can find great deals with our summer sale wherever they'd like to go. Whether it's a weekend getaway close to home, a family vacation to Hawaii, or a midweek business trip, travelers have more choices for great savings when booking on Expedia.com," said Tim MacDonald, general manager of Expedia.com. "What's more, Expedia.com customers can book travel with the confidence that if their plans change, Expedia.com won't charge them a fee to change or cancel their reservation." Other online travel agencies charge as much as $30 per person to change or cancel reservations.
From New York to Mexico and Las Vegas to London, Expedia.com's summer hotel sale features dramatically lower rates at hotels in the most popular destinations around the world. These summer sale discounts are on top of already low rates in many destinations, a combination providing exceptional value for summer travelers. Examples include:
-- New York: Over 100 participating summer sale hotels with prices up to
48% lower than last year*
-- Cancun: Over 40 participating hotels with prices up to 48% lower than
last year
-- Las Vegas: Over 40 participating hotels with prices up to 54% lower
than last year
-- London: Over 30 participating hotels with prices up to 49% lower than
last year
-- San Francisco: Over 40 participating hotels with prices up to 45%
lower than last year
The launch of Expedia.com's summer sale comes on the heels of sweeping changes to the company's service policies that provide its travelers increased value and flexibility. Last week, Expedia.com announced the elimination of online air booking fees, as well as change fees and cancel fees from Expedia.com on all hotel, car rental and cruise reservations and on virtually all flight reservations.
*Market level comparisons are based on the average daily rates at participating hotels for stays in June and July 2009, as compared to the average daily rates of stays booked on Expedia at those same hotels for June and July 2008.
About Expedia
Expedia is the world's leading online travel provider, helping millions of travelers per month easily plan and book travel. Expedia (http://www.expedia.com/, 1-800-EXPEDIA) aims to provide personalized service, the latest technology and the widest selection of vacation packages, flights, hotels, rental cars, cruises and in-destination activities, attractions, and services. With the Expedia Best Price Guarantee, Expedia promises to offer to its customers the best rates available online for all types of travel. Expedia.com is an operating company of Expedia, Inc. .
Expedia.com is a registered trademark of Expedia, Inc. in the U.S. and/or other countries.
(C) 2009 Expedia, Inc. All rights reserved. CST # 2029030-40
Expedia, Inc.
CONTACT: Expedia press office, +1-425-679-4317, ExpediaPR@Edelman.com
Web Site: http://www.expedia.com/
Symitar Selects CGS's VirtualEvents365(SM) Platform for its 2009 Educational Conference & Technology Expo
NEW YORK, and SAN DIEGO, June 1 /PRNewswire/ -- Computer Generated Solutions(R), Inc. (CGS), a leading provider of software, outsourcing solutions and business & IT services to organizations worldwide, today announced that Symitar has selected the company's VirtualEvents365 platform as the framework for its 2009 Educational Conference & Technology Expo. Symitar, a division of Jack Henry & Associates , is the leading provider of data processing and technology solutions for credit unions. The event, for users of Symitar's Episys core processing platform, will be held August 26-27, 2009.
"With money tight and travel budgets slashed, our credit union clients needed a legitimate alternative to an in-person conference," said Symitar president Kathy Hooker Burress. "By offering a virtual conference to our clients, we're saving them both time and money, while delivering the same great educational opportunity that we have for the past 25 years." Hooker Burress added that because of the ease of attending a virtual event, she expects more participants than ever before.
"We knew going into this that the key to success was finding the right virtual event platform," added Symitar marketing manager John San Filippo. "The robustness and stability of the VirtualEvents365 system, the expertise demonstrated by CGS staff, and stellar references all made CGS stand out from the many vendors we evaluated." San Filippo noted that the virtual event will include the three key components of Symitar's live events: top-notch educational sessions, a number of social networking opportunities, and an impressive exhibit hall filled with different types of vendors.
CGS's VirtualEvents365 provides a web-based environment that enables organizations to plan, promote, deliver, track and monetize a variety of events virtually, including user meetings, conferences, job fairs, product launches and training programs. "Symitar's selection of our platform is a testament to our strength as the most scalable, robust and flexible framework for virtual events," commented Michael Wilding, senior vice president of technology solutions & training at CGS. "Leading companies in technology, healthcare and financial services, as well as agencies specializing in event management, have partnered with CGS to make more meaningful connections with their target constituencies while greatly reducing the cost of engagement."
About Symitar
Symitar, a division of Jack Henry & Associates, Inc., is the leading provider of integrated computer systems for credit unions of all sizes. Symitar currently serves more than 700 credit unions as a single source for integrated, enterprise-wide automation and as a single point of contact and support. The company is celebrating its 25th year of serving credit unions. Additional information is available at http://www.symitar.com/.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc. is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions, which are now serving more than 8,700 customers nationwide, are marketed and supported through three primary brands. Jack Henry Banking(TM) supports banks ranging from de novo to mid-tier institutions with information and transaction processing solutions. Symitar is the leading provider of information and transaction processing solutions for credit unions of all sizes. ProfitStars(R) provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at http://www.jackhenry.com/.
About CGS
For twenty-five years, CGS has enabled global enterprises, regional companies and government agencies to drive groundbreaking performance through technology. With global delivery capabilities, expertise across leading platforms and deep experience in multiple industries, CGS has become the IT partner of choice for thousands of organizations worldwide. CGS delivers a wide array of proprietary and third-party applications, including email archiving, ERP, PLM, BI, supply chain management and shop floor control; technology and business services, including systems integration, applications development, training, channel enablement and staffing; outsourced contact center solutions, including customer care, technical helpdesk and BPO; and learning & communications platforms, including LMS, virtual events and mobility. CGS is headquartered in New York City and maintains a worldwide presence with 20 offices in North America, Europe and Asia. For more information please visit http://www.cgsinc.com/.
Computer Generated Solutions, Inc.
CONTACT: Mauricio Barberi, Vice President, Worldwide Marketing, Computer Generated Solutions, Inc., +1-212-261-2074, mbarberi@cgsinc.com
Web Site: http://www.cgsinc.com/
Mundus and AirStar High Tech VTOL UAV Drones to Go on Patrol in Gulf States for Perfect Storm
LAS VEGAS, June 1 /PRNewswire-FirstCall/ -- Mundus Group, Inc. (Pink Sheets: MNDP) , a VTOL UAV technology provider and partner of AirStar announces the delivery of 12 state of the art VTOL UAVs (unmanned air vehicles) to Texas, Louisiana and Gulf coast government agencies for hurricane observation and early warning systems at $40,000 each. The company stated, "This is just the beginning of something huge and we're very excited to be involved, supplying our breakthrough technology to additional government agencies. These UAV's can also be used as post disaster monitoring for safe infrastructure, looting and emergency response to victims. The monitoring of multiple busy traffic intersections around a city while recording detailed activities can be coordinated easily with a network of Aerial Surveillance Drones floating silently hovering overhead at 1,000 feet." View here http://www.airintelsys.com/services_special.htm
On another note, the Management of Mundus and AirStar stated, "We are energized to announce the entering of serious negotiations to solidify our UAV co development relationship that began in 2002 with our 1st Ducted fan UAV drone under a 3 year Cooperative Research and Development Agreement with the US NAVY, Roadable Aircraft and AirStar International. The vehicle was designed specifically for "flight control system tests" using electric motors conducted at RAI's interior hangar space facility while under co development agreement with US NAVY." To view this breakthrough technology visit: http://www.roadableaircraftinc.com/vtol_tech.htm
Roadable Aircraft Inc, Air Drone Inc and Air Intel Systems are fully owned subsidiaries of the Mundus Group Inc. (Pink Sheets: MNDP)
http://www.mundusgroupinc.com/
http://www.roadableaircraftinc.com/
http://www.airdroneinc.com/
http://www.airintelsys.com/
Air Intel provides stealth suitability with Air Drone UAVs in "dull, dirty and dangerous" missions, increasing the success and capabilities, forecasting a wide range of applications that include UAVs taking on new missions, replacing the methods for existing missions and adding a new dimension to existing missions. Examples of these missions include:
-- Border & Costal Patrol and Monitoring
-- Homeland Security
-- Law Enforcement & Disaster Operations
-- Digital Mapping & Planning / Land Management
-- Search & Rescue
-- Fire Detection and Firefighting Management
-- Communications and Broadcast Services
-- Precision Agriculture and Fisheries
-- Ground Transportation Monitoring and Control
-- Satellite Augmentation Systems
-- Air Traffic Control Support
-- Power Transmission line Monitoring
-- Environmental Research & Air Quality Management / Control
-- Hurricane and Tornado early warning systems
-- Emergency Response
-- Fire and rescue
-- Search and Rescue
-- Hurricane and Tornado early warning systems
Mundus Group, a leader in VTOL aerospace technology and AirStar International, worldwide leader in remote controlled VTOL UAV camera copters for surveillance, aerial photography and aerial delivery systems for environmental compliance, announces the agreement to build the next generation of UAV drones as a ducted fan UAV (Unmanned Air Vehicle). The new vehicles will position Mundus and AirStar to gain a huge market advantage with little competition in this lucrative UAV aerial surveillance niche. The counter rotating propellers are completely enclosed, offering a myriad of possible solutions as an unmanned VTOL robotic delivery system. The new-ducted fan technology will replace the current state of the art AirStar Systems in service with government agencies worldwide and will be leased on a contractual basis to municipalities.
This press release contains statements, which may constitute 'forward-looking statements' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Mundus Group, Inc.
Josef Obermeier, President
Phone: 1-805-416-5030
info@mundusgroupinc.com
http://www.mundusgroupinc.com/
Mundus Group, Inc.
CONTACT: Josef Obermeier, President of Mundus Group, Inc., +1-805-416-5030, info@mundusgroupinc.com
Web Site: http://www.mundusgroupinc.com/
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