Companies news of 2016-07-01 (page 1)

  • DST Systems, Inc. Announces Notification of Earnings Release Date
  • Mobility is About People, Not Just DevicesTencent's SY Lau shared his core beliefs about...
  • Raytheon and Thales modify ThalesRaytheonSystems joint venture structureScope to focus...
  • Facebook to Announce Second Quarter 2016 Results
  • Publicis Groupe and Tencent Sign Historic Global PartnershipPublicis Groupe's commitment...
  • Over $50 Million Dollar Judgment Entered in Akamai's Favor in Patent Dispute Against...
  • MGT Announces Tiffany Madison as Director of Corporate Communications
  • VimpelCom Annual General Meeting
  • /C O R R E C T I O N -- Axcelis Technologies, Inc./
  • Mobility is About People, Not Just DevicesTencent's SY Lau shared his core beliefs about...
  • BMW Group, Intel and Mobileye Team Up to Bring Fully Autonomous Driving to Streets by...
  • E-House Announces Extraordinary General Meeting Of Shareholders
  • Jorg Buchheim to Join Maxwell Technologies Board of DirectorsFollowing Resignation as Top...
  • Honeywell To Acquire Intelligrated, A Leader In Supply Chain And Warehouse Automation...
  • New benefits for referring friends to a better networkSharing posts in social media brings...
  • B. Riley Financial Completes Acquisition of United Online
  • CHRON Reveals Its New Brand & Launch Plans
  • Yirendai to Attend the Morgan Stanley GEMs Conference in New York City
  • HANWHA Q CELLS Appoints New Global Chief Technology Officer- As the newly appointed Global...
  • Axcelis Announces Completion Of Reverse Stock Split
  • ReneSola Announced Sale of Four Utility Scale Projects in UK
  • VimpelCom and Dhabi Group announce completion of Mobilink and Warid transactionCombined...



    DST Systems, Inc. Announces Notification of Earnings Release Date

    KANSAS CITY, Mo., July 1, 2016 /PRNewswire/ -- DST Systems, Inc. will release its financial results for the second quarter ended June 30, 2016, on Thursday, July 21, 2016, at 5:30 A.M. Central Time.

    The Company will host a conference call the same day at 7:30 A.M. Central Time. The dial-in number for domestic callers is (866) 610-1072 and for international callers is (973) 935-2840. Callers should reference the access code of 35051361 or DST's Second Quarter Earnings Release.

    A telephone replay of the call will be available from July 21, 2016, at 10:30 A.M. Central Time through July 28, 2016, at 11:00 P.M. Central Time. The replay number for domestic callers is (800) 585-8367, and for international callers is (404) 537-3406, with the access code of 35051361.

    Interested parties may listen to the conference call via a live webcast from the DST Systems, Inc. website (www.dstsystems.com). To access the webcast from the DST homepage, first click the Investor Relations link and then select the appropriate webcast. To begin listening to the webcast (at 7:30 A.M. Central Time), follow the provided instructions. The call cannot be accessed prior to 7:30 A.M. Central Time.

    The archived webcast will be available in the Investor Center of DST's website until the subsequent webcast link is available.

    About DST Systems
    DST Systems, Inc. is a leading provider of specialized technology, strategic advisory, and business operations outsourcing to the financial and healthcare industries. Combining unmatched industry knowledge, critical infrastructure and service excellence, DST helps companies master complexity in the world's most demanding industries to ensure they continually stay ahead of and capitalize on ever-changing customer, business and regulatory requirements. For more information, visit the DST website at www.dstsystems.com.

    Contact:
    Gregg Wm. Givens
    Senior Vice President, Chief Financial Officer and Treasurer
    DST Systems, Inc.
    333 West 11(th) Street
    Kansas City, MO 64105-1594
    +1 816 435 5503

    Logo - http://photos.prnewswire.com/prnh/20131023/CG03088LOGO

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/dst-systems-inc-announces-notification-of-earnings-release-date-300292613.html

    Photo: http://photos.prnewswire.com/prnh/20131023/CG03088LOGO DST Systems, Inc.

    Web site: http://www.dstsystems.com/




    Mobility is About People, Not Just DevicesTencent's SY Lau shared his core beliefs about mobile innovation and entrepreneurship at the Viva Technology Paris

    PARIS, July 1, 2016 /PRNewswire/ -- SY Lau, Senior Executive Vice President of Tencent and President of Online Media Group (OMG), said at the Viva Technology Paris that innovation creates value for users; being innovative means staying ahead of others by a considerable margin. An integral part of Tencent's DNA, innovation has always been one of its essential corporate values. SY Lau was joined by two of the most successful and influential innovators, David Marcus, Vice President of Facebook's Messaging Products, and Maurice Levy, Chairman and CEO of the Publicis Groupe.

    http://photos.prnewswire.com/prnvar/20160701/385693

    Dedicated to fostering open innovation and collaboration between large companies and startups. Viva Technology Paris is the largeset global tech event, bringing together more than 30,000 visitors, including 5,000 startups, hundreds of top leading investors and the most innovative global companies, to share their vision of tomorrow's innovations for economic development.

    Being a global entrepreneur, technology evangelist and digital economy opinion leader who has witnessed the incredible changes brought about by the rapid growth of the digital economy, SY Lau was invited to share stories and insights regarding his experience with the massive mobile innovation that has occurred in China, thus providing guidance to startups while explaining the methods by which established corporations can embrace an innovative mindset.

    In SY Lau's view, customer-centric is evolving into customer-obsessive. Lines between apps, e-commerce and social are getting blurred, the B2B and B2C sectors are beginning to look increasingly similar, and entertainment increasingly goes mobile.

    "Knowing when and when not to apply technology is key to innovation. Innovation demands that we reflect upon the mobile products and services we are creating and judge them by whether or not they provide significant positive change to help connect people," SY emphasized.

    "Whereas cooperation can be mutually beneficial, co-opetition reigns," he continued. "Successful entrepreneurs are those that are capable of channeling their values towards building an eco-system of cooperation alongside the rivalry of competition."

    In closing, SY Lau encouraged business leaders to foster a forward-looking culture that is customer-centric, and techno-driven, to not only cope with, but to embrace opportunities.

    As one of the world's top tech leaders, SY Lau was invited to the Elysee Palace by French President Francois Hollande.

    Photo - http://photos.prnewswire.com/prnh/20160701/385693

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mobility-is-about-people-not-just-devices-300293308.html

    Photo: http://photos.prnewswire.com/prnh/20160701/385693 Tencent

    CONTACT: Hui Zhang, +86-21-6289-6636 ext. 1008,
    hui.zhang@hub-consultancy.com

    Web site: http://www.tencent.com/ir/




    Raytheon and Thales modify ThalesRaytheonSystems joint venture structureScope to focus exclusively on NATO Air Command and Control System, Theatre and Ballistic Missile Defense

    WALTHAM, Mass., July 1, 2016 /PRNewswire/ -- Raytheon Company and Thales have reached an agreement and concluded the transaction to transition the stakeholder positions they each hold in the ThalesRaytheonSystems joint venture structure - TRS LLC US Operations and TRS SAS French Operations.

    The ThalesRaytheonSystems joint venture has been restructured to focus solely on NATO agencies and NATO member nations for the delivery of the Air Command and Control System, Theatre Missile Defense, and Ballistic Missile Defense (ACCS). Moving forward:

    --  The ground-based radars and non-ACCS-related air command and control
    systems currently within the joint venture portfolio will transition to
    their parent companies.
    --  The former TRS LLC - US Operations is now a wholly-owned subsidiary of
    Raytheon, Raytheon Command and Control Solutions.
    --  The former TRS SAS - French Operations is now a wholly-owned subsidiary
    of Thales.
    

    Company structure transitions are effective immediately.

    As a result of the transaction, Raytheon made a cash payment to Thales in the amount of $90M and will be recording a tax free gain of approximately $150M in its second quarter financial results.

    About Raytheon
    Raytheon Company, with 2015 sales of $23 billion and 61,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 94 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I(TM )products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Mass. Follow us on Twitter.

    Investor Relations Contact
    Todd Ernst
    +1.781.522.5141

    Media Contact
    Corinne Kovalsky
    +1.781.522.5899

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/raytheon-and-thales-modify-thalesraytheonsystems-joint-venture-structure-300293360.html

    Raytheon Company

    Web site: http://www.raytheon.com/

    Company News On-Call: http://www.prnewswire.com/comp/742575.html




    Facebook to Announce Second Quarter 2016 Results

    MENLO PARK, Calif., July 1, 2016 /PRNewswire/ -- Facebook, Inc. announced today that the company's second quarter 2016 financial results will be released after market close on Wednesday, July 27, 2016.

    Facebook will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the call can be accessed at the Facebook Investor Relations website at investor.fb.com, along with the company's earnings press release, financial tables, and slide presentation.

    Following the call, a replay will be available at the same website. A telephonic replay will be available for one week following the conference call at 404.537.3406 or 855.859.2056, Conference ID: 41929608.

    Disclosure Information

    Facebook uses the investor.fb.com and newsroom.fb.com websites as well as Mark Zuckerberg's Facebook Page (facebook.com/zuck) as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

    About Facebook

    Founded in 2004, Facebook's mission is to give people the power to share and make the world more open and connected. People use Facebook to stay connected with friends and family, to discover what's going on in the world, and to share and express what matters to them.

    Facebook is a trademark of Facebook, Inc.

    Contacts
    Investors:
    Deborah Crawford
    investor@fb.com / investor.fb.com

    Press:
    Vanessa Chan
    press@fb.com / newsroom.fb.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/facebook-to-announce-second-quarter-2016-results-300293407.html

    Facebook, Inc.

    Web site: http://investor.fb.com/




    Publicis Groupe and Tencent Sign Historic Global PartnershipPublicis Groupe's commitment to leadership in digital and technology is further reinforced through a global partnership with Tencent

    PARIS, July 1, 2016 /PRNewswire/ -- Publicis Groupe today announced at Viva Technology Paris a strategic partnership with Tencent, the internet giant that operates the most popular social and media platforms in China. The partnership is the first-of-its-kind collaboration across a global advertising group and all 11 products of Tencent, China's largest internet company. It is also the first partnership that transcends the Groupe's three solution hubs of Publicis Media, Publicis Communications and Publicis.Sapient.

    https://photos.prnewswire.com/prnvar/20160701/385704

    The joint agreement was signed by Maurice Levy, Chairman & CEO of Publicis Groupe and SY Lau, Senior Executive Vice President of Tencent and President of Online Media Group, who marked the event with the scanning of a WeChat QR code, an action familiar to the 762 million users of WeChat (Active monthly user accounts as of March 2016) during a ceremony held at Viva Technology Paris.

    This agreement will cement the two groups' relationship at a global level with a mission to breed innovations whilst offering clients all of Tencent's innovations through a unique borderless approach built on three pillars:

    --  Future Capabilities: Through this partnership, Publicis Groupe and
    Tencent will launch a 'Drugstore' incubation facility, to curate, invest
    in and cultivate the start-ups of the future. This will provide
    breakthrough offerings to our clients in data and ad tech as well as
    across new VR and AR enabled platforms
    --  Data: Through its connected strategy, Tencent will offer Publicis Groupe
    access to its vast and rich online behavioral data, benefiting clients
    through improved programmatic offerings, cross-screen planning
    capabilities and conversion performance.
    --  Content: The two companies will partner on the co-creation and
    co-investment of web native content to drive unique content
    opportunities and new content models for key clients.
    

    "China continues to lead the world in advertising growth especially in digital and mobile and we increasingly see new ideas and technology that leapfrog the West. Tencent is a company that embodies this strive for growth and innovation and we are honored to be their first-ever global partner and look forward to everything we will achieve together for the ultimate benefit of our clients." Maurice Levy, Publicis Groupe Chairman & CEO further commented, "Today we are at Viva Technology Paris, the leading event devoted to start-ups and innovation, and I am very proud to have Mr. SY Lau and his team, among other brands with China origin, to share more on the Chinese Digital Revolution."

    "This bold new partnership with Publicis Groupe, the first of its kind across all of our assets, will lead the global trends and deliver new ways to meet the needs of our clients and business partners. In parallel, this collaboration will give brands and organizations around the world a better understanding of China's unique and dynamic mobile Internet development, while creating huge business opportunities associated with this new market." SY Lau, Senior Executive Vice President of Tencent and President of Online Media Group commented, "Tencent is one of the world's most influential digital media platforms and Publicis Groupe is one of the global leaders in marketing and communications; together, we will define the new era for the media industry and unveil a new partnership model."

    About Publicis Groupe - The Power of One

    Publicis Groupe (Euronext Paris FR0000130577, CAC 40) is a global leader in marketing, communication, and digital transformation. Active across the entire value chain, from consulting to creation, and production, Publicis Groupe offers its clients a transversal, unified and fluid model allowing them access to all the Groupe's tools and expertise around the world.

    Publicis Groupe is organized across four Solutions hubs:

    Publicis Communications, Publicis Media, Publicis.Sapient and Publicis Health. These 4 Solutions hubs operate across principal markets, and are carried across all others by Publicis One. Publicis One is a fully integrated service offering making the Groupe's expertise available to all clients, under one roof. Present in over 100 countries, Publicis Groupe employs nearly 80,000 professionals.

    www.publicisgroupe.com | Twitter: @PublicisGroupe | Facebook: www.facebook.com/publicisgroupe | LinkedIn: Publicis Groupe | http://www.youtube.com/user/PublicisGroupe | Viva la Difference!

    About Tencent

    Tencent uses technology to enrich the lives of Internet users. Every day, hundreds of millions of people communicate, share experiences, consume information and seek entertainment through our integrated platforms. Tencent's diversified services include QQ, Weixin/ WeChat for communications; Qzone for social networking; QQ Game Platform for online games; QQ.com and Tencent News for information and Tencent Video for video content.

    Tencent was founded in Shenzhen in 1998 and went public on the Main Board of the Hong Kong Stock Exchange in 2004. The Company is one of the constituent stocks of the Hang Seng Index. Tencent seeks to evolve with the Internet by investing in innovation, providing a hospitable environment for partners, and staying close to users.

    http://www.tencent.com/en-us/index.shtml

    Photo - http://photos.prnewswire.com/prnh/20160701/385704

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/publicis-groupe-and-tencent-sign-historic-global-partnership-300293418.html

    Photo: https://photos.prnewswire.com/prnh/20160701/385704 Tencent

    CONTACT: Publicis Groupe, Peggy Nahmany Corporate Communications + 33 (0)1
    44 43 72 83 peggy.nahmany@publicisgroupe.com; Jean-Michel Bonamy Investor
    Relations + 33 (0)1 44 43 77 88 jean-michel.bonamy@publicisgroupe.com;
    Chi-Chung Lo Investor Relations + 33 (0)1 44 43 66 69
    chi-chung.lo@publicisgroupe.com; Tencent, Mayi Ma Public Relations + 86 (0)
    168 0136 9192 mayima@tencent.com

    Web site: http://www.tencent.com/ir/




    Over $50 Million Dollar Judgment Entered in Akamai's Favor in Patent Dispute Against Limelight Networks

    CAMBRIDGE, Mass., July 1, 2016 /PRNewswire/ -- Akamai Technologies, Inc. , the global leader in Content Delivery Network (CDN) services, announced today that the U.S. District Court in Massachusetts entered final judgment in Akamai's favor in its long-running patent infringement case against Limelight Networks, Inc. The judgment, which followed a series of appeals up to and including the Supreme Court of the United States, determined that Limelight infringed certain claims of U.S. Patent No. 6,108,703 and awarded Akamai a total of nearly $51 million in damages.

    http://photos.prnewswire.com/prnvar/20100225/AKAMAILOGO

    The amount in the judgment reflects damages originally awarded to Akamai by a jury in 2008 for Limelight's infringement prior to 2008, plus interest. A new patent infringement lawsuit pending in U.S. District Court in Virginia, which is currently scheduled for trial in January 2017 and involves a patent from the same Akamai patent family, seeks additional damages for Limelight's ongoing infringement after 2008.

    "We are extremely pleased after ten years of litigation to have a final judgment entered in Akamai's favor that recognizes Limelight's infringement and the harm it caused," said Aaron Ahola, Deputy General Counsel at Akamai. "Akamai is at the forefront of innovation on the Internet and today's judgment provides true validation of the value of our intellectual property. We will continue to vigorously protect our intellectual property to maximize shareholder value."

    About Akamai((R)
    )As the global leader in Content Delivery Network (CDN) services, Akamai makes the Internet fast, reliable and secure for its customers. The company's advanced web performance, mobile performance, cloud security and media delivery solutions are revolutionizing how businesses optimize consumer, enterprise and entertainment experiences for any device, anywhere. To learn how Akamai solutions and its team of Internet experts are helping businesses move faster forward, please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.

    Contacts: Jeff Young --or-- Tom Barth Media Relations Investor Relations 617-444-3913 617-274-7130 jyoung@akamai.com tbarth@akamai.com

    Logo - http://photos.prnewswire.com/prnh/20100225/AKAMAILOGO

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/over-50-million-dollar-judgment-entered-in-akamais-favor-in-patent-dispute-against-limelight-networks-300293429.html

    Photo: http://photos.prnewswire.com/prnh/20100225/AKAMAILOGO Akamai Technologies, Inc.

    Web site: http://www.akamai.com/




    MGT Announces Tiffany Madison as Director of Corporate Communications

    HARRISON, N.Y., July 1, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. today announced the appointment of Tiffany Madison as its Director of Corporate Communications, effective immediately.

    Madison was previously the CEO of d10e, an international disruptive technology conference, founded by venture capitalist and cryptocurrency pioneer Brock Pierce of Blockchain Capital. She has consulted with dozens of startups and small businesses on their marketing, public relations, and communications operations. Madison has also written multiple columns for several outlets concerning privacy and security, including for the Washington Times and Policy Mic. Prior to joining MGT, she was the campaign manager for the last six weeks of proposed CEO John McAfee's presidential bid.

    John McAfee, proposed Executive Chairman and Chief Executive Officer of MGT Capital, stated, "I have worked extensively with Ms. Madison and she is one of the great communicators of our time. We are tremendously lucky to have her on board."

    About MGT Capital Investments, Inc.
    MGT Capital Investments, Inc. is in the process of acquiring a diverse portfolio of cyber security technologies. With cyber security industry pioneer, John McAfee, at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smart phones. The Company is currently in the process of acquiring D-Vasive, a provider of leading edge anti-spy software, and Demonsaw, a provider of a secure and anonymous file sharing software platform.

    MGT Capital intends to change its corporate name to "John McAfee Global Technologies, Inc." upon closing of the D-Vasive transaction.

    For more information on the Company, please visit http://ir.stockpr.com/mgtci.

    https://photos.prnewswire.com/prnvar/20130409/NY91046LOGO

    Forward-looking Statements
    This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

    Investor Contact
    Garth Russell
    Managing Director
    KCSA Strategic Communications
    grussell@kcsa.com
    212.896.1250

    Logo - http://photos.prnewswire.com/prnh/20130409/NY91046LOGO

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mgt-announces-tiffany-madison-as-director-of-corporate-communications-300293474.html

    Photo: https://photos.prnewswire.com/prnh/20130409/NY91046LOGO MGT Capital Investments, Inc.

    Web site: http://www.mgtci.com/




    VimpelCom Annual General Meeting

    AMSTERDAM, July 1, 2016 /PRNewswire/ -- VimpelCom Ltd. , the international communications and technology company that is committed to bringing the digital world to each and every customer across 14 markets, today announces that its Supervisory Board has set the date for the Company's Annual General Meeting of Shareholders (the "Shareholders Meeting") for 5 August 2016. The record date for the Shareholders Meeting has been set for 1 July 2016.

    The agenda for the Shareholders Meeting is as follows:

    1. Shareholders to receive audited financial statements for the financial
    year that ended on 31 December 2015;
    2. Proposal of individual directors for election to the Supervisory Board;
    and
    3. Re-appointment of PwC as the Company's external auditor.
    

    Further details on the agenda, the slate of nominees to the Supervisory Board and procedural matters related to the Shareholders Meeting will be made available through an official notice to be distributed by VimpelCom to its shareholders prior to the Shareholders Meeting.

    About VimpelCom
    VimpelCom is an international communications and technology company, headquartered in Amsterdam, and driven by a vision to unlock new opportunities for customers as they navigate the digital world. Present in some of the world's most dynamic markets, VimpelCom provides more than 200 million customers with voice, fixed broadband, data and digital services. VimpelCom's heritage as a pioneer in technology is the driving force behind a major transformation focused on bringing the digital world to each and every customer. VimpelCom offers services to customers in 14 markets including Russia, Italy, Algeria, Pakistan, Uzbekistan, Kazakhstan, Ukraine, Bangladesh, Kyrgyzstan, Tajikistan, Armenia, Georgia, Laos, and Zimbabwe. VimpelCom operates under the "Beeline", "WIND", "Djezzy", "Mobilink", "Kyivstar", "banglalink" and "Telecel". Follow us on Twitter @VimpelCom, visit our blog @ blog.vimpelcom.com or website @ http://www.vimpelcom.com.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vimpelcom-annual-general-meeting-300293298.html

    VimpelCom Ltd.

    CONTACT: Media and Public Relations, VimpelCom Ltd., Neil Moorhouse, Tel:
    +31 20 79 77 200, (Amsterdam), pr@vimpelcom.com; Investor Relations,
    VimpelCom Ltd., Kseniia Gangrskaia, Tel: +31 20 79 77 200 (Amsterdam),
    ir@vimpelcom.com

    Web site: http://www.vimpelcom.com/




    /C O R R E C T I O N -- Axcelis Technologies, Inc./

    In the news release, Axcelis Announces Completion Of Reverse Stock Split, issued 01-Jul-2016 by Axcelis Technologies, Inc. over PR Newswire, we are advised by the company that the second paragraph, last sentence, should read "This reduced the number of outstanding shares of common stock from approximately 116 million to approximately 29 million" rather than "to approximately 39 million" as originally issued inadvertently. The complete, corrected release follows:

    Axcelis Announces Completion Of Reverse Stock Split

    BEVERLY, Mass., July 1, 2016 /PRNewswire/ -- Axcelis Technologies, Inc. , a leading supplier of enabling ion implantation solutions for the semiconductor industry, today announced the completion of its 1-for-4 reverse stock split of its common stock as of 6:00 p.m. Eastern Time on June 30, 2016. As of the open of the market today, shares of Axcelis common stock will begin trading on a split-adjusted basis on the Nasdaq Global Select Market under its unchanged symbol "ACLS." The Axcelis common stock will trade under a new CUSIP number (054540208).

    https://photos.prnewswire.com/prnvar/20130905/NE75070LOGO

    The reverse stock split affects all issued and outstanding shares of the Company's common stock, as well as common stock underlying stock-based compensation immediately prior to the effectiveness of the reverse stock split. As previously disclosed, at effectiveness of the reverse stock split, every four shares of outstanding Axcelis common stock were automatically combined into one share of common stock without any change in the par value per share. This reduced the number of outstanding shares of common stock from approximately 116 million to approximately 29 million.

    No fractional shares were issued in connection with the reverse stock split. Instead, Axcelis' transfer agent will aggregate all fractional shares that otherwise would have been issued as a result of the reverse stock split and those shares will be sold into the market. Stockholders who would otherwise hold a fractional share of Axcelis common stock will receive a proportional cash payment from the net proceeds of that sale in lieu of such fractional share. Additional information on the treatment of fractional shares and other effects of the reverse stock split can be found in Axcelis' definitive proxy statement filed with the Securities and Exchange Commission on March 14, 2016.

    Computershare Trust Company, N.A. and Computershare Inc. will collectively act as the Company's exchange agent for purposes of implementing the reverse stock split. Stockholders with certificated shares will soon receive an exchange form from Computershare which will contain instructions on how to surrender certificates representing pre-split shares. Stockholders should not send in their old stock certificates until they receive an exchange form from Computershare. However, a stockholder may, if desired, sell shares by delivering an old stock certificate to a broker. Stockholders of record as of June 30, 2016 who wish to ensure that the Company has their most current contact information should visit the Computershare Investor Center online at www.computershare.com/investor.

    Stockholders who hold their shares in brokerage accounts or "street name" will not be required to take any action to effect the exchange of their shares.

    About Axcelis:
    Axcelis , headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 35 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

    CONTACTS:
    Maureen Hart (editorial/media) 978.787.4266
    Doug Lawson (investor relations) 978.787.9552

    Logo - http://photos.prnewswire.com/prnh/20130905/NE75070LOGO

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/axcelis-announces-completion-of-reverse-stock-split-300293103.html

    Photo: https://photos.prnewswire.com/prnh/20130905/NE75070LOGO Axcelis Technologies, Inc.

    Web site: http://www.axcelis.com/




    Mobility is About People, Not Just DevicesTencent's SY Lau shared his core beliefs about mobile innovation and entrepreneurship at the Viva Technology Paris

    PARIS, July 1, 2016 /PRNewswire/ -- SY Lau, Senior Executive Vice President of Tencent and President of Online Media Group (OMG), said at the Viva Technology Paris that innovation creates value for users; being innovative means staying ahead of others by a considerable margin. An integral part of Tencent's DNA, innovation has always been one of its essential corporate values. SY Lau was joined by two of the most successful and influential innovators, David Marcus, Vice President of Facebook's Messaging Products, and Maurice Levy, Chairman and CEO of the Publicis Groupe.

    http://photos.prnewswire.com/prnvar/20160701/385693

    Dedicated to fostering open innovation and collaboration between large companies and startups. Viva Technology Paris is the largeset global tech event, bringing together more than 30,000 visitors, including 5,000 startups, hundreds of top leading investors and the most innovative global companies, to share their vision of tomorrow's innovations for economic development.

    Being a global entrepreneur, technology evangelist and digital economy opinion leader who has witnessed the incredible changes brought about by the rapid growth of the digital economy, SY Lau was invited to share stories and insights regarding his experience with the massive mobile innovation that has occurred in China, thus providing guidance to startups while explaining the methods by which established corporations can embrace an innovative mindset.

    In SY Lau's view, customer-centric is evolving into customer-obsessive. Lines between apps, e-commerce and social are getting blurred, the B2B and B2C sectors are beginning to look increasingly similar, and entertainment increasingly goes mobile.

    "Knowing when and when not to apply technology is key to innovation. Innovation demands that we reflect upon the mobile products and services we are creating and judge them by whether or not they provide significant positive change to help connect people," SY emphasized.

    "Whereas cooperation can be mutually beneficial, co-opetition reigns," he continued. "Successful entrepreneurs are those that are capable of channeling their values towards building an eco-system of cooperation alongside the rivalry of competition."

    In closing, SY Lau encouraged business leaders to foster a forward-looking culture that is customer-centric, and techno-driven, to not only cope with, but to embrace opportunities.

    As one of the world's top tech leaders, SY Lau was invited to the Elysee Palace by French President Francois Hollande.

    Photo - http://photos.prnewswire.com/prnh/20160701/385693

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mobility-is-about-people-not-just-devices-300293308.html

    Photo: http://photos.prnewswire.com/prnh/20160701/385693 Tencent

    CONTACT: Hui Zhang, +86-21-6289-6636 ext. 1008,
    hui.zhang@hub-consultancy.com

    Web site: http://www.tencent.com/ir/




    BMW Group, Intel and Mobileye Team Up to Bring Fully Autonomous Driving to Streets by 2021-- Fleets of fully autonomous cars as basis for new mobility services in urban environments-- BMW Group, Intel and Mobileye are creating an open platform for the next generation of cars to create the safest autonomous platform, from door locks to the datacenter-- The three companies share a common vision and goal, to align the industry on a standards-based platform to quickly bring autonomous vehicles to market

    MUNICH, July 1, 2016 /PRNewswire/ -- BMW Group, Intel, and Mobileye are joining forces to make self-driving vehicles and future mobility concepts become a reality. The three leaders from the automotive, technology and computer vision and machine learning industries are collaborating to bring solutions for highly and fully automated driving into series production by 2021.

    The future of automated driving promises to change lives and societies for the better. But the path to get to a fully autonomous world is complex and will require end-to-end solutions that integrate intelligence across the network, from door locks to the data center. Transportation providers of the future must harness rapidly evolving technologies, collaborate with totally new partners, and prepare for disruptive opportunities.

    Together with Intel and Mobileye, the BMW Group will develop the necessary solutions and innovative systems for highly and fully automated driving to bring these technologies into series production by 2021. The BMW iNEXT model will be the foundation for BMW Group's autonomous driving strategy and set the basis for fleets of fully autonomous vehicles, not only on highways but also in urban environments for the purpose of automated ridesharing solutions.

    BMW Group, Intel and Mobileye are convinced that automated driving technologies will make travel safer and easier. The goal of the collaboration is to develop future-proofed solutions that enable the drivers to not only take their hands off the steering wheel, but reach the so called "eyes off" (level 3) and ultimately the "mind off" (level 4) level transforming the driver's in-car time into leisure or work time. This level of autonomy would enable the vehicle, on a technical level, to achieve the final stage of traveling "driver off" (level 5) without a human driver inside. This establishes the opportunity for self-driving fleets by 2021 and lays the foundation for entirely new business models in a connected, mobile world.

    On July 1, 2016, the three partners were present at the BMW Group Headquarters in Munich to express their commitment to strive for an industry standard and define an open platform for autonomous driving. The common platform will address level 3 to level 5 automated driving and will be made available to multiple car vendors and other industries who could benefit from autonomous machines and deep machine learning.

    The companies have agreed to a set of deliverables and milestones to deliver fully autonomous cars based on a common reference architecture. Near term, the companies will demonstrate an autonomous test drive with a highly automated driving (HAD) prototype. In 2017 the platform will extend to fleets with extended autonomous test drives.

    "Today marks an important milestone for the automotive industry as we enter a world of new mobility. Together with BMW Group and Intel, Mobileye is laying the groundwork for the technology of future mobility that enables fully autonomous driving to become a reality within the next few years," said Mobileye Co-Founder, Chairman and CTO Professor Amnon Shashua.

    "Mobileye is proud to contribute our expertise in sensing, localization, and driver policy to enable fully autonomous driving in this cooperation. The processing of sensing, like our capabilities to understand the driving scene through a single camera already, will be deployed on Mobileye's latest system-on-chip, the EyeQ(R)5, and the collaborative development of fusion algorithms will be deployed on Intel computing platforms. In addition, Mobileye Road Experience Management (REM) technology will provide real-time precise localization and model the driving scene to essentially support fully autonomous driving."

    Intel brings a comprehensive portfolio of technology to power and connect billions of smart and connected devices, including cars. To handle the complex workloads required for autonomous cars in urban environments Intel provides the compute power that scales from Intel(R) Atom(TM) to Intel(R) Xeon(TM) processors delivering up to a total of 100 teraflops of power efficient performance without having to rewrite code.

    "Highly autonomous cars and everything they connect to will require powerful and reliable electronic brains to make them smart enough to navigate traffic and avoid accidents," said Intel CEO Brian Krzanich. "This partnership between BMW Group, Intel and Mobileye will help us to quickly deliver on our vision to reinvent the driving experience. We bring a broad set of in-vehicle and cloud computing, connectivity, safety and security, and machine-learning assets to this collaboration enabling a truly end to end solution."

    With its Strategy Number ONE > NEXT, the BMW Group has developed its framework to remain the driving force behind premium individual mobility. This approach will become driving reality with the BMW iNEXT model in 2021, heralding a new era of mobility.

    "At the BMW Group we always strive for technological leadership. This partnership underscores our Strategy Number ONE > NEXT to shape the individual mobility of the future," stated Harald Kruger, Chairman of the Board of Management of BMW AG. "Following our investment in high definition live map technology at HERE, the combined expertise of Intel, Mobileye and the BMW Group will deliver the next core building block to bring fully automated driving technology to the street. We have already showcased such groundbreaking solutions in our VISION NEXT 100 vehicle concepts. With this technological leap forward, we are offering our customers a whole new level of sheer driving pleasure whilst pioneering new concepts for premium mobility."

    Link to webcast: http://www.live.bmwgroup.com/2016pk/index.html
    Link to photos: pressconference.bmwpictures.de
    #futureofdriving2021
    #bmwintelmobileye

    If you have any queries, please contact:

    BMW Group Business and Intel Corporation Mobileye N.V. Finance Communications Nikolai Glies Danielle Mann Dan Galves Tel. +49 89 382 24544 Tel. +1 973-997-1154 CCO / SVP nikolai.glies@bmwgroup.com danielle.mann@intel.com Tel. +1 917 960 1525 www.press.bmw.de newsroom.intel.com dan.galves@mobileye.com www.mobileye.com Max-Morten Borgmann Christoph von Schierstadt Casey Stickles Tel. +49 89 382 24118 Tel. +49 89 89899 7556 Campaign Director max-morten.borgmann christoph.schierstaedt@intel.com Tel. +1 (845) 235-2089 @bmwgroup.com newsroom.intel.com Mobileye@diffusionpr.com www.press.bmw.de

    About BMW Group
    With its three brands BMW, MINI and Rolls-Royce, the BMW Group is the world's leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. As a global company, the BMW Group operates 31 production and assembly facilities in 14 countries and has a global sales network in more than 140 countries.
    In 2015, the BMW Group sold approximately 2.247 million cars and nearly 137,000 motorcycles worldwide. The profit before tax for the financial year 2015 was approximately EUR 9.22 billion on revenues amounting to EUR 92.18 billion. As of 31 December 2015, the BMW Group had a workforce of 122,244 employees.
    The success of the BMW Group has always been based on long-term thinking and responsible action. The company has therefore established ecological and social sustainability throughout the value chain, comprehensive product responsibility and a clear commitment to conserving resources as an integral part of its strategy.

    About Intel
    Intel expands the boundaries of technology to make the most amazing experiences possible. Information about Intel and the work of its more than 100,000 employees can be found at newsroom.intel.com and intel.com.

    About Mobileye
    Mobileye N.V. is the global leader in the development of computer vision and machine learning, data analysis, localization and mapping for Advanced Driver Assistance Systems and autonomous driving. Our technology keeps passengers safer on the roads, reduces the risks of traffic accidents, saves lives and has the potential to revolutionize the driving experience by enabling autonomous driving. Our proprietary software algorithms and EyeQ(R) chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. Mobileye's products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items; identify and read traffic signs, directional signs and traffic lights; create a Roadbook(TM) of localized drivable paths and visual landmarks using REM(TM); and provide mapping for autonomous driving. Our products are or will be integrated into car models from 25 global automakers. Our products are also available in the aftermarket.

    Forward-Looking Statements
    This press release contains certain forward-looking statements. Words such as "believes," "intends," "expects," "projects," "anticipates," and "future" or similar expressions are intended to identify forward-looking statements. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. Many factors may cause our actual results to differ materially from any forward-looking statement, including the risk factors and other matters set forth in the public filings of each of the parties to this press release. Neither party undertakes any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by law.

    Intel and the Intel logo are trademarks of Intel in the United States and some other countries.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bmw-group-intel-and-mobileye-team-up-to-bring-fully-autonomous-driving-to-streets-by-2021-300293188.html

    Mobileye N.V.

    Web site: http://www.mobileye.com/




    E-House Announces Extraordinary General Meeting Of Shareholders

    SHANGHAI, July 1, 2016 /PRNewswire/ -- E-House (China) Holdings Limited ("E-House" or the "Company") , a leading real estate services company in China, today announced that it has called an extraordinary general meeting of shareholders (the "EGM"), to be held at 2:00 p.m. (Beijing Time) on August 5, 2016, at the Company's office at 11/F, Yinli Building, 383 Guangyan Road, Jing'an District, Shanghai 200072, the People's Republic of China, to consider and vote on, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger (the "Merger Agreement") dated April 15, 2016 by and among E-House Holdings Ltd. ("Parent"), E-House Merger Sub Ltd. ("Merger Sub") and the Company, the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands, substantially in the form attached to the Merger Agreement (the "Plan of Merger"), and the transactions contemplated thereby (including the Merger, as defined below).

    Pursuant to the Merger Agreement and the Plan of Merger, Merger Sub will merge with and into the Company (the "Merger"), with the Company continuing as the surviving company after the Merger and a wholly-owned subsidiary of Parent in accordance with the Cayman Islands Companies Law. If completed, the Merger will result in the Company becoming a privately held company, and the Company's American depositary shares ("ADSs"), each representing one ordinary share of the Company, will no longer be listed on The New York Stock Exchange (the "NYSE") and the American depositary shares program for the ADSs will terminate.

    The Company's board of directors, acting upon the unanimous recommendation of the special committee of the board of directors of the Company comprised of independent directors unaffiliated with Parent or Merger Sub or any member of the buyer group or the management of the Company, authorized and approved the Merger Agreement, the Plan of Merger and the transactions contemplated thereby (including the Merger) and recommended that the Company's shareholders and ADS holders vote FOR, among other things, the proposal to authorize and approve the Merger Agreement, the Plan of Merger and the transactions contemplated thereby (including the Merger).

    Shareholders of record as of the close of business in the Cayman Islands on July 22, 2016 will be entitled to attend and vote at the EGM. ADS holders as of the close of business in New York City on July 11, 2016 will be entitled to instruct JPMorgan Chase Bank, N.A., the ADS depositary, to vote the ordinary shares represented by the ADSs at the EGM.

    Additional information regarding the EGM and the Merger Agreement can be found in the transaction statement on Schedule 13E-3, as amended, and the proxy statement attached as Exhibit 99.(A)-(1) thereto, as amended, filed with the Securities and Exchange Commission ("SEC"), which can be obtained, along with other filings containing information about the Company, the proposed Merger and related matters, without charge, from the SEC's website (http://www.sec.gov). In addition, the Company's proxy materials (including the final proxy statement) will be mailed to shareholders and ADS holders.

    INVESTORS AND SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC, AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSED TRANSACTION AND RELATED MATTERS.

    The Company and certain of its directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be "participants" in the solicitation of proxies from the Company's shareholders with respect to the merger. Information regarding the persons who may be considered "participants" in the solicitation of proxies is set forth in the proxy statement and Schedule 13E-3 transaction statement relating to the merger filed with the SEC. Additional information regarding the interests of such potential participants is included in the proxy statement and Schedule 13E-3 transaction statement and the other relevant documents filed with the SEC.

    This announcement is neither a solicitation of a proxy, an offer to purchase nor a solicitation of an offer to sell any securities and it is not a substitute for the proxy statement or other materials that have been or will be filed with or furnished to the SEC.

    About E-House

    E-House (China) Holdings Limited ("E-House") is China's leading real estate services company with a nationwide network covering more than 260 cities. E-House offers a wide range of services to the real estate industry, including real estate online services through our 70%-owned subsidiary, Leju Holdings Limited , primary sales agency, secondary brokerage, information and consulting, offline advertising and promotion, real estate investment management and financial services, and mobile community value-added services. E-House has received numerous awards for its innovative and high-quality services, including "China's Best Company" from the National Association of Real Estate Brokerage and Appraisal Companies and "China Enterprises with the Best Potential" from Forbes. For more information about E-House, please visit http://www.ehousechina.com.

    Safe Harbor: Forward-Looking Statements

    This press release contains statements that express the Company's current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (the "Act"). These forward-looking statements can be identified by terminology such as "if," "will" and similar statements. Forward-looking statements involve inherent risks, uncertainties and assumptions. Risks, uncertainties and assumptions include: uncertainties as to how the Company's shareholders will vote at the meeting of shareholders; the possibility that competing offers will be made; the possibility that financing may not be available; the possibility that various closing conditions for the transaction may not be satisfied or waived; and other risks and uncertainties discussed in documents filed with the SEC by the Company, including the Schedule 13E-3 transaction statement and the proxy statement filed by the Company. These forward-looking statements reflect the Company's expectations as of the date of this press release. You should not rely upon these forward-looking statements as predictions of future events. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For investor and media inquiries please contact:

    Investor Relations Department
    E-House (China) Holdings Limited
    Phone: +86 (21) 6133-0809
    E-mail: ir@ehousechina.com

    Mr. Derek Mitchell
    Ogilvy Financial
    In the U.S.: +1 (646) 867-1888
    In China: +86 (10) 8520-6139
    E-mail: ej@ogilvy.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/e-house-announces-extraordinary-general-meeting-of-shareholders-300293258.html

    E-House (China) Holdings Limited

    Web site: http://www.ehousechina.com/




    Jorg Buchheim to Join Maxwell Technologies Board of DirectorsFollowing Resignation as Top Sales Executive

    SAN DIEGO, July 1, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. , a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, today announced that Jorg Buchheim has been appointed to Maxwell's board of directors as a new independent director effective July 1, 2016. Buchheim served as Maxwell's senior vice president and chief sales officer since March 2016 and resigned from Maxwell on June 30, 2016, to take a new position as the chief executive officer of INALFA Roof Systems B.V., a top 3 global supplier of vehicle roof systems located in Europe.

    As a board member, Mr. Buchheim brings decades of applicable experience to Maxwell. Buchheim is a seasoned global sales leader and an automotive industry veteran. From 2002 through 2015 he worked at HELLA KGaA Hueck & Co. in a series of senior sales and management positions, including most recently as president and chief executive officer of HELLA China and a member of the HELLA Group Management Board based out of Shanghai. He previously served as HELLA's Global Key Account Manager for Indian OEMs and Hyundai/Kia as well as Vice President Sales and Marketing China, Shanghai. Prior to joining HELLA, Buchheim worked in European Key Account Sales for Mitsubishi Electric and in the Project Management for Spoerle / Arrow.

    "Jorg brings key automotive industry experience and relationships as well as an extensive background in operational and executive management to complement our already experienced Board of Directors," said David Schlotterbeck, chairman of the board. "In particular, Jorg's deep knowledge of Chinese business practices and his strong relationships with key customers and industry executives will be an invaluable resource on our board."

    About Maxwell:
    Maxwell is a global leader in the development and manufacture of innovative, cost-effective energy storage and power delivery solutions. Our ultracapacitor products provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Our high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. For more information, please visit our website: www.maxwell.com.

    Media & Investor Contact:
    Amy Wakeham
    (858) 503-3359
    awakeham@maxwell.com

    https://photos.prnewswire.com/prnvar/20121018/LA91771LOGO

    Logo - http://photos.prnewswire.com/prnh/20121018/LA91771LOGO

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/jorg-buchheim-to-join-maxwell-technologies-board-of-directors-300293072.html

    Photo: https://photos.prnewswire.com/prnh/20121018/LA91771LOGO Maxwell Technologies, Inc.

    Web site: http://www.maxwell.com/




    Honeywell To Acquire Intelligrated, A Leader In Supply Chain And Warehouse Automation Technologies- 'Mission critical' warehouse execution systems and software complement Honeywell's scanning, mobile computer, and voice automation technologies- Current U.S. leadership position with opportunity to expand into global addressable market of approximately $20 billion through Honeywell's footprint- Industry growing at double digit rate with Intelligrated as a market leader with a 13 percent CAGR over past three years- Large and growing installed base including 30 of top 50 U.S. retailers, and 50 of top 100 Internet retailers

    FORT MILL, S.C., July 1, 2016 /PRNewswire/ -- Honeywell announced it has signed an agreement to acquire privately held, supply chain and warehouse automation leader Intelligrated for $1.5 billion from a company backed by the Permira funds. The purchase price translates to approximately 12 times Intelligrated's estimated 2016 earnings before interest, taxes, depreciation and amortization (EBITDA). The company's 2016 sales are estimated to be approximately $900 million.

    The transaction is expected to close by the end of the third quarter, subject to customary closing conditions, including regulatory review. Upon approval, Intelligrated will be part of Sensing and Productivity Solutions (S&PS) in Honeywell's Automation and Control Solutions business.

    Intelligrated designs, manufactures, integrates and installs complete warehouse automation solutions, software and services that result in smarter distribution and fulfillment operations. Its supply chain and warehouse solutions drive improved productivity and lower costs for retailers, manufacturers, and logistics providers around the world. The company has grown at a compound annual growth rate (CAGR) of approximately 13 percent over the past three years, faster than the industry overall. Intelligrated has a large and growing customer base of more than $5 billion, including leading Fortune 500 retailers, manufacturers and logistics providers worldwide, top consumer products companies, 30 of the top 50 U.S. retailers, and half of the top 100 Internet retailers.

    "E-commerce continues to grow at an unprecedented rate and customer demands for faster delivery times have created a need for warehouse, logistics and fulfillment solutions that can increase productivity and lower costs for our customers," said Alex Ismail, president and CEO of Honeywell Automation and Control Solutions. "This acquisition fits with our vision for a connected industrial company and a connected worker."

    "Intelligrated's leading supply chain automation solutions are a fantastic complement to Honeywell's portfolio of industry-leading workflow performance solutions including cloud-connected mobile worker applications, high-performance data collection hardware, and other technologies to improve worker productivity," said John Waldron, president of Honeywell Sensing and Productivity Solutions. "The leadership team at Intelligrated is top-notch and we look forward to working with them to expand our presence globally."

    Intelligrated, headquartered in Mason, Ohio, employs more than 3,100 people in manufacturing and regional offices located across the United States, Canada, Mexico, Brazil and China. The company was founded in 2001 and grew quickly via organic growth and strategic acquisitions.

    Honeywell Sensing and Productivity Solutions is a global leader in enterprise and workflow performance solutions, custom-engineered sensors, switches and controls. Customers rely on Honeywell solutions to increase worker productivity and to enrich operational intelligence with data-driven insights that enable them to make better business decisions. For more information on Honeywell productivity solutions visit http://www.honeywellaidc.com.

    Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; turbochargers; and performance materials. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

    This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/honeywell-to-acquire-intelligrated-a-leader-in-supply-chain-and-warehouse-automation-technologies-300293247.html

    Honeywell

    CONTACT: Media, Bruce Eric Anderson, +1-763-954-5344,
    bruce.e.anderson@honeywell.com, or Investor Relations, Mark Macaluso,
    +1-973-455-2222, mark.macaluso@honeywell.com

    Web site: http://www.honeywell.com/




    New benefits for referring friends to a better networkSharing posts in social media brings rewards for customers referring and activating with Verizon

    NEW YORK, July 1, 2016 /PRNewswire/ -- A simple post shared on Facebook or Twitter can now earn perks! Beginning July 1(st), Verizon will reward customers for using social media to refer family and friends to the wireless network consistently rated highest in independent nationwide tests.

    https://photos.prnewswire.com/prnvar/20160527/373129LOGO

    Existing customers can earn up to $100 in Visa rewards cards each month by referring up to three people who activate with Verizon ($25 for 1 referral, $50 for two, and $100 for three or more). The newly referred customers also earn a $50 Visa rewards card.

    Here's how the Verizon referral program works:

    1. Existing customer visits www.verizonwireless.com/refer and enters
    MyVerizon credentials
    2. Customer selects referral option (Facebook or Twitter)
    3. Confirm social credentials, personalize and post
    4. Prospective customer sees referral invitation
    5. Prospective customer chooses to redeem offer and enters their email
    6. Activates a new account either online, in a store or over the phone using
    the same email address
    7. Visa rewards cards will be sent to both the new and existing customers
    after the new account has been active for 45 days
    

    For more information, go to: www.verizonwireless.com/refer

    Verizon Communications Inc. , headquartered in New York City, generated nearly $132 billion in 2015 revenues. Verizon operates America's most reliable wireless network, with 112.6 million retail connections nationwide. The company also provides communications and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers worldwide.

    Verizon's Online News Center: News releases, feature stories, executive biographies and media contacts are available at Verizon's online News Center at www.verizon.com/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

    Media contact:
    Scott Charlston
    425-603-2894
    scott.charlston@vzw.com
    Twitter: @scottcharlston

    Logo - http://photos.prnewswire.com/prnh/20160527/373129LOGO

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/new-benefits-for-referring-friends-to-a-better-network-300292609.html

    Photo: https://photos.prnewswire.com/prnh/20160527/373129LOGO Verizon

    Web site: http://www.verizon.com/




    B. Riley Financial Completes Acquisition of United Online

    LOS ANGELES, July 1, 2016 /PRNewswire/ -- B. Riley Financial, Inc. , a diversified provider of financial and business advisory services, has completed the acquisition of United Online, Inc. , an Internet access and services provider.

    http://photos.prnewswire.com/prnvar/20150202/172920LOGO

    B. Riley Financial acquired United Online for $11.00 per share in a transaction valued at approximately $170 million.

    As part of the transaction, Robert J. (Rusty) Taragan will be rejoining United Online as its CEO. Rusty previously spent 15 years at United Online, and its predecessor company NetZero, most recently as the President of its Communications Segment.

    "The acquisition of United Online is consistent with our plan of making financially prudent acquisitions that provide outsized risk-adjusted returns," said Bryant Riley, Chairman and CEO of B. Riley Financial. "We look to benefit from the experience of United Online's seasoned employees and the company's ability to achieve predictable recurring revenue and EBITDA, while operating the business to maximize free cash flow for distribution to our shareholders."

    "This acquisition represents an investment model we intend to replicate over the long term--namely, purchasing companies with complex business dynamics in challenging or mature industries and then implementing operational changes to generate attractive returns. By leveraging B. Riley Financial's broad platform of services and capabilities, we believe we are ideally positioned to capitalize on additional investment opportunities like United Online."

    About United Online(R)
    United Online, Inc., through its operating subsidiaries, provides consumer subscription services and products, consisting of internet access services and devices, including dial-up, mobile broadband, DSL, e-mail, Internet security, and web hosting services, under the NetZero and Juno brands. United Online is headquartered in Woodland Hills, CA. For more information, visit www.unitedonline.net.

    About B. Riley Financial, Inc.
    B. Riley Financial, Inc. provides collaborative financial services and solutions through several subsidiaries, including: B. Riley & Co. LLC, a leading investment bank which provides corporate finance, research, and sales & trading to corporate, institutional and high net worth individual clients; Great American Group, LLC, a leading provider of advisory and valuation services, and asset disposition and auction solutions; B. Riley Capital Management, LLC, an SEC registered Investment Advisor, which includes B. Riley Asset Management, a provider of investment products to institutional and high net worth investors, and B. Riley Wealth Management (formerly MK Capital Advisors), a multi-family office practice and wealth management firm focused on the needs of ultra-high net worth individuals and families; and Great American Capital Partners, a provider of senior secured loans and second lien secured loan facilities to middle market public and private U.S. companies.

    B. Riley Financial is headquartered in Los Angeles with offices in major financial markets throughout the United States and Europe. For more information on B. Riley Financial, visit www.brileyfin.com.

    Forward-Looking Statements
    This press release may contain forward-looking statements by B. Riley Financial that are not based on historical fact, including, without limitation, statements containing the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions and statements. Such forward looking statements include, but are not limited to, express or implied statements regarding the acquisition and future financial performance, as well as statements regarding how management sees opportunities to grow and broaden the firm. Because these forward-looking statements involve known and unknown risks and uncertainties, there are important factors that could cause actual results, events or developments to differ materially from those expressed or implied by these forward-looking statements. Such factors include our ability to achieve expected cost savings or other acquisition benefits, in each case within expected time frames or at all; our ability to successfully integrate recent acquisitions, loss of key personnel, our ability to manage growth, the potential loss of financial institution clients, the timing of completion of significant engagements, and those risks described from time to time in B. Riley Financial's filings with the SEC, including, without limitation, the risks described in B. Riley Financial's (f/k/a Great American Group, Inc.) Annual Report on Form 10-K for the year ended December 31, 2015 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and B. Riley Financial undertakes no duty to update this information.

    B. Riley Financial Investor Contact:

    Scott Liolios or Matt Glover
    Liolios Group, Inc.
    949-574-3860
    RILY@liolios.com

    Logo - http://photos.prnewswire.com/prnh/20150202/172920LOGO

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/b-riley-financial-completes-acquisition-of-united-online-300293239.html

    Photo: http://photos.prnewswire.com/prnh/20150202/172920LOGO B. Riley Financial, Inc.

    Web site: http://www.brileyfin.com/




    CHRON Reveals Its New Brand & Launch Plans

    DALLAS, July 1, 2016 /PRNewswire/ -- The Chron Organization, Inc. , announced today that the Company will be revealing its long awaited new brand name for its home services business on Thursday, July 7(th).

    As previously announced, the Company's operational infrastructure is now in place and undergoing live testing. As a placeholder, the Company has been operating under the "Chron Home Services" brand - however, the Company is now pleased to bring to you the new name and brand that we believe will make a significant mark in the smart home technology industry.

    The new brand will be unveiled on Thursday, July 7(th) at 11:00 AM CDT by visiting www.chronhomeservices.com. Furthermore, the Company will be hosting its second Shareholders Conference Call on Monday, July 11(th) at 12:00 PM CDT, wherein Company leaders will be going in-depth discussing its product lines and the new Company mission, which is to bring the smart home to the masses.

    CHRON considers July as its launch month. With its upcoming new brand reveal, the Company is gearing up for the exponential growth of customers on a nationwide scale.

    CHRON's President, Alex Rodriguez, stated, "Over our short period, we've existed simply as a public company on the OTC, but from July forward, people will now know our mission and just how serious we are about becoming the dominant provider in the space."

    "In all of my 25 years of C-Level experience, I have never been more enthusiastic about the launch of a company as I am with what we are planning here," added Doug McKinnon, CHRON's Chief Compliance Officer. "It is clear to me that our leadership is passionate about excelling and truly dominating the smart home industry. We are also confident that our shareholders will share our sentiments going forward."

    ABOUT THE CHRON ORGANIZATION, INC.
    The Chron Organization, Inc. DBA: Chron Home Services is a 21st century services company providing state-of-the-art Smart Home technologies and the next generation in energy utility services. The Company provides homeowners and businesses with the latest in security, monitoring and automation controls enabling homeowners and businesses to have a Smart Home and a Smart Business at an affordable price. CHRON combines that with its cloud-based, green energy services, reducing both their carbon footprint and their monthly energy expense. The Company's plan is to capture 5% of homeowners, while dramatically reducing the nation's peak electricity demand. To learn more about Chron Home Services, please visit the website at www.chronhomeservices.com. To learn more about the parent company, The Chron Organization, Inc., please visit www.chronorganization.com.

    FORWARD-LOOKING STATEMENTS

    This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the company's current expectations and are subject to a number of risks, uncertainties and assumptions. The company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the company's filings at www.OTCMarkets.com.

    INVESTORS & MEDIA CONTACT:
    Email: investors@chronhomeservices.com
    Phone: (469) 626-5275

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chron-reveals-its-new-brand--launch-plans-300293126.html

    The Chron Organization, Inc.

    Web site: http://www.chronorganization.com/




    Yirendai to Attend the Morgan Stanley GEMs Conference in New York City

    BEIJING, July 1, 2016 /PRNewswire/ -- Yirendai Ltd. ("Yirendai" or the "Company"), a leading online consumer finance marketplace in China, today announced that it will meet with institutional investors at the Morgan Stanley Global Emerging Markets ("GEMs") Conference from Wednesday, July 13 to Thursday, July 14, 2016 at The St. Regis Hotel in New York City.

    Investors who are interested in attending this conference and meeting with Yirendai should contact their sales representatives at Morgan Stanley.

    About Yirendai

    Yirendai Ltd. is a leading online consumer finance marketplace in China connecting investors and individual borrowers. The Company provides an effective solution to address largely underserved investor and individual borrower demand in China through an online platform that automates key aspects of its operations to efficiently match borrowers with investors and execute loan transactions. Yirendai deploys a proprietary risk management system, which enables the Company to effectively assess the creditworthiness of borrowers, appropriately price the risks associated with borrowers, and offer quality loan investment opportunities to investors. Yirendai's online marketplace provides borrowers with quick and convenient access to consumer credit at competitive prices and investors with easy and quick access to an alternative asset class with attractive returns. For more information, please visit yirendai.investorroom.com.

    For investor and media inquiries, please contact:

    Yirendai
    Hui (Matthew) Li
    Director of Investor Relations
    Email: matthewli@yirendai.com

    Christensen
    In China
    Christian Arnell
    Phone: +86 (0)10-59001548
    Email: carnell@christensenir.com

    In U.S.
    Linda Bergkamp
    Phone: +1 (480) 614-3004
    Email: lbergkamp@christensenir.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/yirendai-to-attend-the-morgan-stanley-gems-conference-in-new-york-city-300293179.html

    Yirendai Ltd.



    HANWHA Q CELLS Appoints New Global Chief Technology Officer- As the newly appointed Global CTO, Dr. Daniel JW Jeong will lead Hanwha's global R&D teams located in Germany, Malaysia, Korea and China.

    SEOUL, South Korea, July 1, 2016 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") , one of the world's largest photovoltaic manufacturers of high-quality, high-efficiency solar modules, today announced the appointment of Dr. Daniel JW Jeong as new Global Chief Technology Officer ("CTO"), who has been the Company's global Head of R&D since January of 2015.

    The Chairman and CEO of Hanwha Q CELLS, Mr. Seong Woo Nam, said: "We're very excited to have Dr. Daniel Jeong as our new CTO, who has demonstrated an outstanding leadership in integrating our global R&D teams located in Germany, Malaysia, Korea and China following the merger between former Hanwha Q CELLS and Hanwha SolarOne in early 2015. Dr. Jeong is a renowned authority in crystalline silicon photovoltaics technology development and an ideal person to further strengthen our technology leadership in solar industry."

    Dr. Jeong, who will assume the currently vacant position of CTO with immediate effect, had previously held a number of leading management positions in the field of solar R&D with vast experience in solar technology innovation and commercialization before joining Hanwha. He started his career as a semiconductor engineer at Samsung Electronics and he also held numerous R&D leadership positions at LG Group for ten years and was instrumental for LG's move into solar industry. He holds a Ph.D. in Electrical and Computer Engineering from the Georgia Institute of Technology and has published more than 50 technical papers in journals and conference proceedings.

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. is one of the world's largest and most recognized photovoltaic manufacturers for its high-quality, high-efficiency solar cells and modules. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ). With its diverse international manufacturing facilities in South Korea, Malaysia and China, Hanwha Q CELLS is in a unique position to flexibly address all global markets. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, the company provides excellent services and long-term partnership to its customers in the utility, commercial, government and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 10 business enterprise in South Korea. For more information, visit: http://investors.hanwha-qcells.com/

    Safe-Harbor Statement

    This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Hanwha Q CELLS' operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hanwha-q-cells-appoints-new-global-chief-technology-officer-300292961.html

    Hanwha Q CELLS Co., Ltd.

    CONTACT: Sean Park, Tel: +1-917-710-5856, E-mail:
    sean.park@hanwha-qcells.com




    Axcelis Announces Completion Of Reverse Stock Split

    BEVERLY, Mass., July 1, 2016 /PRNewswire/ -- Axcelis Technologies, Inc. , a leading supplier of enabling ion implantation solutions for the semiconductor industry, today announced the completion of its 1-for-4 reverse stock split of its common stock as of 6:00 p.m. Eastern Time on June 30, 2016. As of the open of the market today, shares of Axcelis common stock will begin trading on a split-adjusted basis on the Nasdaq Global Select Market under its unchanged symbol "ACLS." The Axcelis common stock will trade under a new CUSIP number (054540208).

    https://photos.prnewswire.com/prnvar/20130905/NE75070LOGO

    The reverse stock split affects all issued and outstanding shares of the Company's common stock, as well as common stock underlying stock-based compensation immediately prior to the effectiveness of the reverse stock split. As previously disclosed, at effectiveness of the reverse stock split, every four shares of outstanding Axcelis common stock were automatically combined into one share of common stock without any change in the par value per share. This reduced the number of outstanding shares of common stock from approximately 116 million to approximately 39 million.

    No fractional shares were issued in connection with the reverse stock split. Instead, Axcelis' transfer agent will aggregate all fractional shares that otherwise would have been issued as a result of the reverse stock split and those shares will be sold into the market. Stockholders who would otherwise hold a fractional share of Axcelis common stock will receive a proportional cash payment from the net proceeds of that sale in lieu of such fractional share. Additional information on the treatment of fractional shares and other effects of the reverse stock split can be found in Axcelis' definitive proxy statement filed with the Securities and Exchange Commission on March 14, 2016.

    Computershare Trust Company, N.A. and Computershare Inc. will collectively act as the Company's exchange agent for purposes of implementing the reverse stock split. Stockholders with certificated shares will soon receive an exchange form from Computershare which will contain instructions on how to surrender certificates representing pre-split shares. Stockholders should not send in their old stock certificates until they receive an exchange form from Computershare. However, a stockholder may, if desired, sell shares by delivering an old stock certificate to a broker. Stockholders of record as of June 30, 2016 who wish to ensure that the Company has their most current contact information should visit the Computershare Investor Center online at www.computershare.com/investor.

    Stockholders who hold their shares in brokerage accounts or "street name" will not be required to take any action to effect the exchange of their shares.

    About Axcelis:
    Axcelis , headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 35 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

    CONTACTS:
    Maureen Hart (editorial/media) 978.787.4266
    Doug Lawson (investor relations) 978.787.9552

    Logo - http://photos.prnewswire.com/prnh/20130905/NE75070LOGO

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/axcelis-announces-completion-of-reverse-stock-split-300293103.html

    Photo: https://photos.prnewswire.com/prnh/20130905/NE75070LOGO Axcelis Technologies, Inc.

    Web site: http://www.axcelis.com/




    ReneSola Announced Sale of Four Utility Scale Projects in UK

    SHANGHAI, July 1, 2016 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (www.renesola.com) , a leading provider of energy-efficient products and project developer, today announced that it has sold four operational, photovoltaic assets in England to Equitix Fund IV, a market leading investor and fund manager.

    http://photos.prnewswire.com/prnvar/20080506/CNTU030

    Powered by ReneSola's Virtus II modules, the four utility-scale projects have a combined capacity of approximately 20MW and are located in Derbyshire, Devon, Northamptonshire and Notthinghamshire. All of these projects were connected to the grid in March 2016 and are qualified under the 1.3 Renewable Obligations Certificate (ROC) program.

    The sale was transacted in GBP and ahead of completion, ReneSola entered into hedging transactions to protect the project value in US dollars.

    Xianshou Li, ReneSola's Chief Executive Officer, said, "The sale of the four UK projects extends our track record of rapidly developing and monetizing projects in attractive developed markets. Because of the potential for fluctuations in the global economy, we have taken measures to protect the value of our project assets. We believe the successful monetization of our project pipeline along with our improving profitability and balance sheet will provide us with the capital resources to support our growth. With more than 300 MW of projects in our late-stage development pipeline around the world, we remain confident in our ability to execute our downstream strategy and generate profits and cash flow for the remainder of 2016 and 2017."

    About ReneSola

    Founded in 2005, and listed on the New York Stock Exchange in 2008, ReneSola is an international leading brand and technology provider of energy efficient products. Leveraging its global presence and expansive distribution and sales network, ReneSola is well positioned to provide its highest quality green energy products and on-time services for EPC, installers, and green energy projects around the world. For more information, please visit www.renesola.com.

    About Equitix

    Equitix is a leading investor, developer and long-term fund manager of core infrastructure and energy efficiency assets in the UK and Europe. It has successfully raised over GBP1.8billion in equity to date and invests in long-term infrastructure investments with stable, predictable yields.

    For investor and media inquiries, please contact:

    In China:

    ReneSola Ltd
    Ms. Rebecca Shen
    +86 (21) 6280-9180 x106
    ir@renesola.com

    The Blueshirt Group Asia
    Mr. Gary Dvorchak, CFA
    +86 (138) 1079-1480
    gary@blueshirtgroup.com

    In the United States:

    The Blueshirt Group
    Mr. Ralph Fong
    +1 (415) 489-2195
    ralph@blueshirtgroup.com

    Logo - http://photos.prnewswire.com/prnh/20080506/CNTU030

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/renesola-announced-sale-of-four-utility-scale-projects-in-uk-300293195.html

    Photo: http://photos.prnewswire.com/prnh/20080506/CNTU030 ReneSola Ltd.

    Web site: http://www.renesola.com/

    VimpelCom and Dhabi Group announce completion of Mobilink and Warid transactionCombined entity to serve over 50 million customers as Pakistan's leading high-speed mobile network

    AMSTERDAM and CAIRO and ISLAMABAD, July 1, 2016 /PRNewswire/ -- VimpelCom, Global Telecom Holding (GTH), together with Warid Telecom Pakistan and Bank Alfalah (Dhabi Group shareholders), today announced the completion of the transaction to merge Pakistan Mobile Communications Limited (Mobilink) and Warid Telecom (Warid), creating Pakistan's next generation digital telecommunications provider.

    Over 50 million customers in Pakistan will benefit from high-speed mobile telecommunications and a best-in-class digital mobile network. The combined Mobilink and Warid entity will be the leading telecommunications provider of 2G, 3G and LTE services in Pakistan, providing higher quality national voice and data coverage, faster downloads, and a wider portfolio of products and services.

    Jean-Yves Charlier, Chief Executive Officer of VimpelCom, said: "VimpelCom continues to make significant progress against its transformation program. This market consolidation represents a further step in our strategy to strengthen our position in the markets in which we operate. As the VimpelCom Group focuses on an ambitious digital transformation, we are investing in revolutionizing our technology core and product portfolio. We look forward to bringing innovative new products and services to our customers in Pakistan."

    Chairman of Dhabi Group, His Highness Sheikh Nahayan Mabarak Al Nahayan, said: "I am very happy that we have arrived at this milestone today which marks a unique moment for the Pakistan telecom sector. It is very positive news for Pakistan's economy. The Dhabi Group remains committed to Pakistan and its economic progress and I would like to thank all the relevant authorities for their support in closing this transaction. I am confident that together, the combined businesses will continue to deliver excellence to their customers while contributing positively to the business environment in Pakistan."

    Mobilink and Warid will benefit from VimpelCom's USD 1 billion(1) investment into building one of the largest and most ambitious IT infrastructures in the industry. The Group's new digital systems will enable faster roll-out of new local products and services, particularly in the areas of mobile entertainment, communications, the Internet of Things, and mobile financial services. Through this, Pakistan's digital development will be elevated to the next level, further reducing the digital divide.

    VimpelCom, GTH and Dhabi Group announced the agreement to combine their Pakistan telecommunication businesses on 26 November 2015. The completion of the transaction follows regulatory approval(2) from all the relevant authorities and the subsequent exchange of shares. Mobilink has completed the acquisition of 100 percent of Warid's shares, and the Dhabi Group Shareholders have acquired 15 percent of the shares of Mobilink(3).

    With the completion of the merger transaction, Mobilink now enters the next major phase of its transformation and Chief Executive Officer Jeffrey Hedberg will hand over the CEO role of Mobilink and Warid to Aamir Ibrahim, currently Chief Commercial Officer and Deputy CEO of Mobilink. Aamir will drive forward and execute the Mobilink and Warid integration, supported by a world-class transformation team from the VimpelCom Group. Mobilink's turnaround over the past two years has shown significant improvements in service revenue growth (from -5% to +12% year on year), ARPU (from -11% to +15% year on year) and increased EBITDA margins (from -3 p.p. to +4 p.p year on year).

    With effect from today, the Mobilink board is chaired by His Highness Sheikh Nahyan Mubarak Al Nahyan, with Jon Eddy as Vice Chairman and consists of five other directors nominated by VimpelCom and GTH. The Warid board is chaired by His Highness Sheikh Nahyan Mubarak Al Nahyan, with Jon Eddy as Vice Chairman and consists of three other directors nominated by VimpelCom and GTH. On conclusion of the legal merger, the combined entity will have a single board and management structure. As of today, Aamir Ibrahim becomes the CEO of both Mobilink and Warid. Andrew Kemp, the current CFO of Mobilink, will also assume the Warid CFO role.

    Jeffrey Hedberg, Chief Executive Officer of Mobilink, said: "Today we are delighted to bring Mobilink and Warid together. Personally, it has been an exciting and rewarding journey and I will look back with deep pride at how our Mobilink team has worked tirelessly through this rapid turnaround to make the company so successful. The results speak for themselves. I have worked closely with Aamir and the team over the last two years and as I hand over the baton, I have full confidence that Mobilink and Warid will grow from strength to strength."

    The legal merger of the two companies, which will result in one merged legal entity having the same board, and management described above, is expected to be completed within approximately six months, subject to the fulfilment of the required legal processes in Pakistan. Mobilink and Warid will shortly file a petition to the Islamabad High Court in order to commence the process of legal merger.

    As previously stated, the transaction is expected to create capex and opex synergies with a net present value of approximately USD 500 million with an annual run rate of well over USD 100 million of free cash flow improvements by year three. The combined revenue of both companies for the 12 months to March 2016 was USD 1.4 billion(4).

    Disclaimer
    This release contains "forward-looking statements", as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, anticipated benefits from the Pakistan merger, including network improvements and synergies; and future market developments and trends. The forward-looking statements included in this release are based on management's best assessment of the Company's strategic and financial position and of future market conditions, trends and other potential developments. Forward-looking statements involve risks and uncertainties, including, without limitation, the possibility that: the expected benefits of the transaction may not materialize as expected or at all, due to, among other things, the parties' inability to successfully implement integration strategies or otherwise realize the synergies anticipated; the businesses of either or both of Mobilink or Warid may not perform as expected due to uncertainty or other market factors; and other risks and uncertainties beyond the parties' control may materialize. If such risks or uncertainties materialize or such assumptions prove incorrect, actual results could differ materially from those express or implied by such forward-looking statements or assumptions. Certain other factors that could cause actual results to differ materially from those discussed in any forward-looking statements include the risk factors described in the Company's Annual Report on Form 20-F for the year ended 31 December 2015 filed with the SEC and other public filings made by the Company with the SEC. The forward-looking statements speak only as of the date hereof, and the Company disclaims any obligation to update them or to announce publicly any revision to any of the forward-looking statements contained in these presentations, or to make corrections to reflect future events or developments.

    About VimpelCom
    VimpelCom is an international communications and technology company, headquartered in Amsterdam, and driven by a vision to unlock new opportunities for customers as they navigate the digital world. Present in some of the world's most dynamic markets, VimpelCom provides more than 200 million customers with voice, fixed broadband, data and digital services. VimpelCom's heritage as a pioneer in technology is the driving force behind a major transformation focused on bringing the digital world to each and every customer. VimpelCom offers services to customers in 14 markets including Russia, Italy, Algeria, Pakistan, Uzbekistan, Kazakhstan, Ukraine, Bangladesh, Kyrgyzstan, Tajikistan, Armenia, Georgia, Laos, and Zimbabwe. VimpelCom operates under the "Beeline", "WIND", "Djezzy", "Mobilink", "Kyivstar", "banglalink" and "Telecel". Follow us on Twitter @VimpelCom, visit our blog @ blog.vimpelcom.com or website @ http://www.vimpelcom.com

    About Global Telecom Holding
    GTH, which is 51.9% owned by VimpelCom Limited, is a leading international telecommunications company operating mobile networks in high growth markets in Africa and Asia, having a total population under license of approximately 401 million as of 31 March 2016. GTH operates mobile networks in Algeria ("OTA"), Pakistan ("Mobilink"), and Bangladesh ("Banglalink"). GTH reached more than 86 million customers as of 31 March 2016. GTH is traded on the Egyptian Exchange under the symbol (GTHE.EY), and on the London Stock Exchange, its GDRs are traded under the symbol (GLTD:LI). For more information visit: http://www.gtelecom.com

    About Dhabi Group
    Dhabi Group / Dhabi Holdings manages the investments of His Highness Sheikh Nahyan Mubarak Al Nahyan and his affiliates, which span various sectors and geographies, particularly: Telecommunication (Warid & Wateen, Pakistan), Banking & Financial Services (Bank Alfalah, Pakistan), Real Estate, Energy (Oil & Gas / Geothermal), Healthcare and Construction in South Asia (Pakistan), Eastern Africa (Uganda), GCC (mainly UAE) and the Caucasus/Black-Sea Region (Georgia, Turkey).

    Contact information

    Media and Public Relations
    VimpelCom Ltd.
    Neil Moorhouse
    Tel: +31 20 79 77 200 (Amsterdam)
    pr@vimpelcom.com

    Investor Relations
    VimpelCom Ltd.
    Kseniia Gangrskaia
    ir@vimpelcom.com
    Tel: +31 20 79 77 200 (Amsterdam)

    (1)The Group-wide contract with Ericsson is for a seven-year period with an option to extend. Link to press release
    (2)Approval, in some cases, is subject to specified remedial actions or conditions.
    (3)Subject to potential post-completion earn out adjustments against a pre-agreed formula
    ((4))For further information please see presentation from 26 November 2015

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vimpelcom-and-dhabi-group-announce-completion-of-mobilink-and-warid-transaction-300293159.html

    VimpelCom Ltd.

    Web site: http://www.vimpelcom.com/

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