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BIGBEN INTERACTIVE : YEAR END RESULTS 2017/18

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*Press Release*

*Lesquin, 28 May 2018*

* *

*48.7% growth of current operating profit in FY 2017/18 *

*Proposal of a 0.20 € full year dividend per share*

*Outlook: 265 to 280 M€ sales target and current operating profit exceeding 8% in FY 2018/19*

BIGBEN INTERACTIVE (ISIN FR0000074072) today releases its audited consolidated results for the financial year closing on 31 March 2018 as approved by its Board of directors on 28 May 2018.

Consolidated highlights in €m (IFRS) *03/2018* 03/2017   Change
*Sales* *245.4* 208.1 +17.9%
*Gross margin*
*In % of Sales*

* *

*EBITDA*
*In % of Sales* *77.5*
*31.6%*

* *

*29.7*
*12.1%* 66.3
31.9%

 

20.6
9.9% +16.9%

 

+44.2%
*Result from current operations*
*In % of Sales*

 

*Non recurrent items *
(including Bonus Shares) *16.4*
*6.7%*

* *

(1.5) 11.0
5.3%

 

(0.5)  

+48.7%

 

 

 
*Operating result*
*In % of Sales* *14.9*
*6.1%* 10.6
5.1% +40.8%
*Financial result*
Including currency gain (loss) *(2.8)*
(1.8) 1.6
2.6  
* *

*Earnings before tax *
*In % of Sales* *12.1*
*4.9%* 12.2
5.8% -0.5%
*Tax* *(3.2)* (3.0)  
*Income from equity acc'td investments* - (0.2) * *
*Net result for the period*
*In % of Sales* *8,9*
*3.6%* 9.0
  4,3%   - 0.1%

 
* * * *    

*A year of strong growth*

Bigben Interactive achieved sales of 245.4 M€ up by 17.9% for its 2017/2018 financial year ended 31 March 2018 despite the shift of two major games to the 1^st quarter of FY 2018/2019.

*Net rise of operating profitability*

The Bigben Group recorded a growth of its operating profit in FY 2017/2018 thanks to a gross margin up by 11.2 M€ as well as contained operating expenses and staff costs.

EBITDA reached 29.7 M€ up by 9.1 M€ (+44.2%) when compared with FY 2016/2017, the EBITDA rate representing 12.1 % of sales i.e. an increase of 220 basis points. This achievement enabled additional depreciation of 3.7 M€ linked to the development of new games. 

Result from Current Operations was up by 5.4 M€ against previous FY and reached 16.4 M€ i.e. 6.7 % of sales against 5.3 % in 2016/2017.

Net result for the period 2017/2018 was 8.9 M€ and remained nearly stable despite the impact of a (1.8) M€ currency loss against a 2.6 M€ currency gain in previous FY.

*Balance sheet: further drop of financial debt*

Bigben's balance sheet as at 31 March 2018 showed shareholders' funds rising to 134.6 M€ against 126.0 M€ as at 31 March 2017.

Cash-flow generation during past FY enabled the Group to reduce financial debt to 9.6 M€ with a 7.2% net financial debt rate against 10.5 % as at 31 March 2017.

It should be noted that notwithstanding a strong growth environment Bigben managed to contain its stock level which remains close to that recorded as at 31 March 2017.

*Two post-closing transactions allowing the integration of games development*

* *

Bigben has recently invested in two game development studios which will allow the Group, until now publisher and distributor of games, to go upstream by integrating the development phase of games in its own value creating chain.

On 18 April 2018, Bigben increased its stake to 45 % in the share capital of Kylotonn, the French development studio in charge of developing flagship games for the Group such as WRC, TT Isle of Man and V-Rally 4.

In addition, Bigben announced on 14 May 2018 having signed an agreement for  the acquisition of 100% of the share capital  of Cyanide, a French reference studio recognized for the development of creative video games which posted 6.1 M€ sales as at 31 March 2018. Cyanide has created over 50 games since inception, maintaining a balance between the creation of new intellectual properties (Pro Cycling Manager, Styx, The Council.) and productions under license (Game of Thrones, Blood bowl, Tour de France..).

Nine games are currently under development in the studio and productions currently under progress to be published or co-published with a third party publisher will be continued until completion. As soon as teams of developers are set free from aforementioned obligations, other game developments will be initiated in order to complete Bigben's catalogue.

These acquisitions support Bigben's declared ambition to become one of the world leaders in the market segment for AA rated video games.

*Outlook: further sales growth and rise of operating profitability*

FY 2018/2019 should record a significant growth as from the 1st Half supported by the Gaming segment with the release of both Tennis World Tour® and Warhammer Inquisitor Martyr games. These releases will be followed by other opuses (V-Rally 4, Farmer's Dynasty, Sinking City as well as other titles not yet announced) which should allow Publishing sales to double in the new financial year.

Sales will benefit across the financial year from the marketing of new accessories in the Gaming segment notably the PS4^TM Revolution Arcade Stick and from the launch of a new premium brand in the Mobile segment, Force Power® (a complete range of high performance chargers and cables for smartphones), following the success of Force Glass® and Force Case®.

Banking on this expected momentum and on the acquisition of Cyanide, the Group announces for its FY 2018/2019 a 265 to 280 M€ sales target and a current operating profit rate exceeding 8.0 % against 6.7 % in 2017/2018.

The 2019/20 target initially set in the BIGBEN 2020 Plan (sales in excess of 280 M€ with a current operating profit rate of 9.0 %) may be already achieved in the current Financial Year. In consideration of the synergies expected from the integration of Cyanide, the new targets set for the Group in 2022 will be disclosed to the financial community on the release of its interim result 2018/2019 on 26 November 2018.

*Full-year dividend*Given the quality of these year-end results, the Board meeting on 28 May 2018 decided to submit to the Annual General Meeting of Shareholders the proposal of a 0.20 € full year dividend per share for FY 2017/2018. Further to the 0.10 € advance payment on the full year dividend effected on 08 January 2018, the final balance to be distributed amounts to 0.10 € per share. The ex-dividend date will be on 30 July 2018 and payment will take place on 03 August 2018.*Upcoming  publication:*

*Sales for 1^st quarter of FY 2018/2019: Monday 23 July 2018*

Press release after close of business on Euronext Paris stock market 

* *

*ABOUT BIGBEN INTERACTIVE*

* *
 

*SALES 2017-2018*
245.4 M€

 

 

* *

*HEADCOUNT*
ca. 350 employees

 

 

*INTERNATIONAL*
9 subsidiaries  and a distribution network in 50 countries

 

 www.bigben-group.com  

Bigben Interactive is a European player in video game publishing, in design and distribution of smartphone and gaming accessories as well as in audio products.
The Group, which is recognized for its capacities in terms of innovation and creativity, intends to become one of Europe's leaders in each of its business segments.

 

Company listed on Euronext Paris, compartment B - Index : CAC SMALL - Eligible SRD long
ISN : FR0000074072 ; Reuters : BIGPA ; Bloomberg : BIGFP

 

 

*PRESS CONTACTS*

 

CapValue - Gilles Broquelet
gbroquelet@capvalue.fr - +33 1 80 81 50 01 

*Attachment*

· Bigben Year End Results 2017 18.pdf Reported by GlobeNewswire 2 hours ago.

What Is IoTeX Cryptocurrency?

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What Is IoTeX Cryptocurrency? It seems there is a growing synergy between blockchain technology and the Internet of Things. Building the best infrastructure for this purpose will not be easy by any means. IoTeX claims to have come up with a viable long-term solution in this regard, although it remains to be seen whether the project can deliver on its initial promise. The Concept of IoTeX The IoTeX project positions itself as the next generation of Internet of Things-oriented blockchain infrastructure. Inter-device communication can certainly benefit a lot from distributed ledger technology. This is also relevant to IoT’s payment aspect. However, building the necessary infrastructure to make IoT thrive in its Reported by The Merkle 2 hours ago.

Genmab to Present at the Goldman Sachs 39th Annual Global Healthcare Conference

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*Media Release
**
Copenhagen, Denmark; May 29, 2018 – Genmab A/S (Nasdaq Copenhagen: GEN) announced today that its CEO, Jan van de Winkel, Ph.D., will present a company update at the Goldman Sachs 39^th Annual Global Healthcare Conference in Rancho Palos Verdes, California at 4:00 PM PDT on June 12, 2018 (1:00 AM CEST on June 13, 2018). *A webcast of the presentation will be available on Genmab’s website at http://ir.genmab.com/events.cfm.

*About Genmab *
Genmab is a publicly traded, international biotechnology company specializing in the creation and development of differentiated antibody therapeutics for the treatment of cancer.  Founded in 1999, the company has two approved antibodies, DARZALEX^® (daratumumab) for the treatment of certain multiple myeloma indications, and Arzerra^® (ofatumumab) for the treatment of certain chronic lymphocytic leukemia indications.  Daratumumab is in clinical development for additional multiple myeloma indications and other blood cancers.  A subcutaneous formulation of ofatumumab is in development for relapsing multiple sclerosis.  Genmab also has a broad clinical and pre-clinical product pipeline.  Genmab's technology base consists of validated and proprietary next generation antibody technologies - the DuoBody^® platform for generation of bispecific antibodies, and the HexaBody^® platform which creates effector function enhanced antibodies.  The company intends to leverage these technologies to create opportunities for full or co-ownership of future products. Genmab has alliances with top tier pharmaceutical and biotechnology companies.  For more information visit www.genmab.com.

*Contact:          
*Rachel Curtis Gravesen, Senior Vice President, Investor Relations & Communication
T: +45 33 44 77 20; M: +45 25 12 62 60; E: rcg@genmab.com

This Media Release contains forward looking statements. The words “believe”, “expect”, “anticipate”, “intend” and “plan” and similar expressions identify forward looking statements. Actual results or performance may differ materially from any future results or performance expressed or implied by such statements. The important factors that could cause our actual results or performance to differ materially include, among others, risks associated with pre-clinical and clinical development of products, uncertainties related to the outcome and conduct of clinical trials including unforeseen safety issues, uncertainties related to product manufacturing, the lack of market acceptance of our products, our inability to manage growth, the competitive environment in relation to our business area and markets, our inability to attract and retain suitably qualified personnel, the unenforceability or lack of protection of our patents and proprietary rights, our relationships with affiliated entities, changes and developments in technology which may render our products obsolete, and other factors. For a further discussion of these risks, please refer to the risk management sections in Genmab’s most recent financial reports, which are available on www.genmab.com. Genmab does not undertake any obligation to update or revise forward looking statements in this Media Release nor to confirm such statements to reflect subsequent events or circumstances after the date made or in relation to actual results, unless required by law.

Genmab A/S and/or its subsidiaries own the following trademarks: Genmab^®; the Y-shaped Genmab logo^®; Genmab in combination with the Y-shaped Genmab logo^®; HuMax^®; DuoBody^®; DuoBody in combination with the DuoBody logo^®; HexaBody^®; HexaBody in combination with the HexaBody logo^®; and UniBody^®. Arzerra^® is a trademark of Novartis AG or its affiliates. DARZALEX^® is a trademark of Janssen Pharmaceutica NV.

Media Release no. 04
CVR no. 2102 3884
LEI Code 529900MTJPDPE4MHJ122

Genmab A/S
Kalvebod Brygge 43
1560 Copenhagen V
Denmark*Attachment*

· 180529_i04MR_GS Conf Reported by GlobeNewswire 4 hours ago.

HT-SAAE Showcases Half-cut PERC Technology at SNEC

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HT-SAAE Showcases Half-cut PERC Technology at SNEC Bringing 310W+ Modules to Wider Market

SHANGHAI, May 29, 2018 /PRNewswire/ -- Shanghai Aerospace Automobile Electromechanical Co., Ltd ("HT-SAAE") (600151.SH), the world's advanced manufacturer of photovoltaic (PV) products, is displaying its latest high-efficient module technologies at the 300 square meters booth (N1-510) of the 2018 SNEC PV Power Expo ("the SNEC") in Shanghai that is running now through May 30 at the Shanghai New International Exhibition Center.P-Type Half-Cut PERC Module

HT-SAAE has been upgrading its hit PERC technology, reacting to market needs for high-efficiency modules and boosting its commercialization in a wider market across the globe.

The P-type half-cut PERC module features the company's leading half-cut cell technology, which comes out with a wide array of advantages. First, cutting the PERC cell in half reduces half of the electrical current in the main grid, makes the current electronic loss reduced to 25% of the previous, lowering the energy loss and bringing a 3% or more increase in output wattage for the module. The product line boasts excellent performance in reducing thermal resistance, good heat resistance with largely reduced instances of micro cracks and hot spot effects, increasing conversion efficiency.

In addition, the half-cut technology reduces and controls the energy loss caused by modules being covered by shadows or dust. The power output for a 60-cell monocrystal module can reach up to 315W, and for a 72-cell module, the power output can reach up to 375W. One more highlight in performance is the self-cleaning design. In addition to saving cleaning costs, this feature reduces damage on the surface of the module caused by dust, rain and snow, increasing electricity generation and reducing the risk of power seepage.

2018 marks the 20-year anniversary of HT-SAAE,a subsidiary of China Aerospace Science and Technology Corporation (CASC), a Fortune 500 Global company. HT-SAAE has long been a leader in the commercialization of the PV industry in China. Starting in the late 1990s, HT-SAAE has implemented over 600 PV projects in both domestic and global markets.  For 20 years, the high-performance PV modules produced by HT-SAAE have been fueling steady operation of each power stations around the world. Its PV products, well-received among the global clientele with topnotch quality and considerate after-sale service, help HT-SAAE stand out as a professional and accountable brand in the world.

About HT-SAAE

Shanghai Aerospace Automobile Electromechanical Co., Ltd (HT-SAAE) is a subsidiary of China Aerospace Science and Technology Corporation (CASC), a Fortune 500 Global company. It was established in 1998 and publicly listed on the Shanghai Stock Exchange (Stock Code 600151). It focuses its business mainly on New Energy PV, Auto Parts and New Material Application. As early as 1999, HT-SAAE launched commercial deployment of photovoltaic technology. To date, the company has developed a completely integrated PV industry supply chain (silicon, wafers, solar cells, PV modules & systems) and provided superior quality PV products to the global market. According to an internationally recognized third party organization, in 2014 HT-SAAE achieved a ranking amongst the Top 10 Chinese PV Module Suppliers and for successive three years the company has been recognized as a "Tier 1" Module Manufacturer by Bloomberg New Energy Finance (BNEF).

Photo - https://photos.prnasia.com/prnh/20180529/2145162-1 Reported by PR Newswire Asia 4 hours ago.

Some Irish Catholics Worried, Dismayed After Abortion Vote

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Irish Catholics attending Sunday Mass were disappointed with the result of a referendum in which voters opted to legalize abortion and think it reflects the weakening of the Church -- a situation that was unthinkable in Ireland a generation ago. Reported by Newsmax 3 hours ago.

Smart CEO Annette Winkler resigns

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Daimler small car brand gets new boss on 1 October; Winkler will continue as board member for Mercedes South Africa

Smart CEO Annette Winkler will step down from her role on 1 October, with her successor to be named at a later date. 

Winkler was appointed to lead the Daimler brand in 2010 and is praised for ushering in Smart’s electric era, with both the Fortwo and Forfour getting Electric Drive-badged variants during her tenure. She joined Daimler in 1995 as head of PR and communications for Mercedes-Benz. 

It’s not yet known who will replace Winkler as Smart CEO. Dieter Zetsche, head of Daimler, said: “As a true entrepreneurial personality, she has led Smart to new successes and systematically transformed it into an electric mobility brand. Under Annette Winkler’s leadership, the smart plant in Hambach has continually improved its competitiveness and is extremely well positioned for the future.”

Winkler said: “One of the key responsibilities of every executive is to pass on leading positions to the next generation at the right time. And that time has now come — with the clear focus of smart as a fully electric urban mobility brand and with the decision to develop the Hambach facility into a plant for fully electric vehicles within the Mercedes-Benz production network.”

Smart’s sales, which slumped to 5044 units in the UK in 2011 and sank further to 4342 by 2014, peaked at 12,020 in 2016. 

Things have not been plain sailing elsewhere; in the US, Smart became an electric-only brand as petrol sales were heavily outnumbered by their plug-in counterparts. 

Winkler will continue to work for Daimler as a board member for Mercedes-Benz South Africa from September 2019. 

*Read more:*

Smart Vision EQ makes public debut as 'electric city car of future'

Porsche 911 Turbo S vs Smart Fortwo: a real-world race across Wales

Smart Fortwo Cabriolet Electric Drive 2017 review Reported by Autocar 3 hours ago.

SocialChorus Raises $12.5 Million to Expand Its Global Workforce Communications Platform

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Latest funding follows tremendous growth and significant momentum with new customers, executive hires and global expansion

SAN FRANCISCO, May 29, 2018 (GLOBE NEWSWIRE) -- SocialChorus, a global workforce communications platform, today announced that it has secured $12.5 million in growth financing co-led by B2B software specialist Arrowroot Capital and Kohlberg Ventures, with participation from Western Technology Investment. SocialChorus has consistently achieved strong growth and has built a capital-efficient business, fueled by demand from the largest enterprises worldwide and global communicators’ need for a modern solution to deliver critical news and information to every employee — from office workers to deskless and front-line workers.“SocialChorus has developed a mission-critical platform that has modernized the way a global C-suite reaches its mobile and dispersed workforce,” said Kareem El Sawy, partner at Arrowroot Capital and SocialChorus board member. “With a proven track record of success and growth, the company has a massive market opportunity to help communicators deliver on the promise of employee alignment and connectedness. We’re excited to invest in a company defining the next generation of workplace communications.”

SocialChorus has grown its workforce communications platform business by over 120 percent in the last year, adding many global enterprise customers including USAA, Phillips 66, Cargill, Sound Physicians, American Cancer Society, Kohler Co., Lendlease, Lloyds Bank, Discover Financial Services, TD Bank, PG&E and Lincoln Financial Group. Employees using the SocialChorus platform come from more than 20 different industries in 180 countries, all 50 U.S. states and 6,400 U.S. cities.

Improving employee experience is one of the foundational aspects driving digital transformation. Modernizing communications is a critical, and increasingly urgent initiative as companies are faced with mounting challenges, from brand reputation to employee retention, due to a lack of synchronized communications. Several trends are driving these challenges:

· *Increasing diversity of the workforce*: Today organizations employ a mix of knowledge workers and deskless, distributed employees. According to the Deloitte 2018 Global Human Capital Trends report of 11,000 HR and business leaders, companies are forecasting around one-third of their employees will be freelancers or “gig workers” in the next few years. Organizations need solutions to align and engage these employees to meet business objectives.
· *Changing expectations around employee communications: *As demographics of the workforce shift, so have employee expectations. According to a 2017 study, Gen Z and millennials expect and want greater company transparency and prefer personalized messaging, video and highly engaging content.
· *Transparency is key*: According to the Deloitte study, transparency is a major topic affecting corporate and brand reputation in 2018: “Engagement with other stakeholders on topics such as diversity, gender pay equity, income inequality, immigration, and climate change can lift financial performance and brand value, while failure to engage can destroy reputation and alienate key audiences.”

A plethora of technology tools exist to power enterprise communications and collaboration, but none of these tools serves the needs of the communicator, who is tasked with deploying and delivering a communications strategy that enriches every employee's experience irrespective of their role or location. According to a SocialChorus survey of 331 communications and HR professionals, 97 percent of respondents said they faced challenges with legacy communications tools; 25 percent said they had no a role in selecting a platform to serve their needs; and just 4 percent drove platform selection entirely.

“Digital transformation needs to be built on top of modern employee communications,” said Gary Nakamura, CEO of SocialChorus. “Employee communications is a central part of digital transformation. When enterprise leaders want to be heard, communicating solely via email and decades-old intranets won’t work. And when companies add more communications tools, like enterprise social networks or collaboration tools, they get more silos, not fewer. SocialChorus brings the silos together to give leaders and communicators a way to unify and nurture a more aligned workforce.”

SocialChorus operates the only purpose-built platform for HR and communicators. In less than two minutes a day, employees stay connected and get the news and information they need to feel informed. Additionally, SocialChorus’ Program Studio gives communicators the ability to aggregate both internal and external sources of news and information such as video, articles, links, notes and images, and systematically plan and program distribution across an enterprise’s multiple channels including SharePoint, Slack and Workplace by Facebook.

To support company growth, SocialChorus has also opened a London office and made several significant hires, including Cyrus Gilbert-Rolfe as managing director, EMEA; Dave Lutz as vice president of client strategy and success; and Alison Murdock as chief marketing officer.

For more information about SocialChorus, please visit https://www.socialchorus.com/

**About SocialChorus*                                                                      *

SocialChorus is the leading workforce communications platform transforming how workers and organizations connect every day. We empower communicators to reach every worker—from the head office to the front line. Companies thrive and win when all their workers feel informed, valued, and engaged. The SocialChorus platform allows communicators to publish once and distribute everywhere—efficiently delivering critical information to the right employee at the right time. SocialChorus customers include some of the world’s largest global brands including AB InBev, The Dow Chemical Company, Aptiv, Delphi Technologies, Caterpillar, 7-Eleven, Estee Lauder Companies, Hilton, Whirlpool Corporation, and PVH Corp. Learn more at https://www.socialchorus.com/.

*About Arrowroot Capital*
Arrowroot Capital is a global growth equity firm based in Santa Monica, CA focused on minority, majority, and buyout investments in B2B software companies. The firm serves as a catalyst for growth-related initiatives by partnering with management and leveraging its deep enterprise software expertise to deliver meaningful, tangible value. Arrowroot targets initial equity investments in the range of $5 million to $25 million, and has the flexibility to pursue larger opportunities as well as a broad range of transaction types. Arrowroot also targets add-on acquisitions for its portfolio companies with a wider range of size and general criteria. Learn more at www.arrowrootcapital.com. 

*Media Contacts*
Sheridan Smalley
socialchorus@teamlewis.com
415-432-2477 Reported by GlobeNewswire 3 hours ago.

ImmunoPrecise Antibodies announces C$600,000 private placement

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ImmunoPrecise Antibodies Ltd (CVE:IPA, OTC PINK:IPATF) announced Tuesday that it plans to sell up to 750,000 units at a price of C$0.80 per unit to help shore up C$600,000 in capital. The fundraising comes at a time when the Victoria, British Columbia company has just opened its new US headquarters in Fargo, North Dakota –  a move, which it hopes, will allow it to tap into a large investor community. The proceeds of the financing will be used to expand operations and sales in the US, Canada and Europe. According the terms of the placement, each unit will consist of a common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional share at a price of C$1 for a period of a year from the date of issue. READ: Immunoprecise Antibodies surges after opening new B-cell facility The company said it will have the right to accelerate the expiry date of the warrants provided that ImmunoPrecise's volume-weighted average price trades at C$1.50 for a period of 20 consecutive days. In such an event, the expiry date will be accelerated to a date that is 30 days after ImmunoPrecise issues a news release announcing that it has elected to exercise this acceleration right. ImmunoPrecise is a full-service, therapeutic antibody discovery company focused on the next generation of antibody discovery. Their lab specializes in the production of monoclonal antibodies used in a range of research from Alzheimer’s disease to aquaculture. Shares of ImmunoPrecise were down 1% to C$0.94 on Monday. The biotech operates from state-of-the-art lab facilities located at the Vancouver Island Technology Park in Victoria, which also house its tissue culture and B-cell screening facilities. Reported by Proactive Investors 3 hours ago.

High Temperature Elastomers Market Size to Reach $14,951.4 Million by 2023: P&S Market Research

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NEW YORK, May 29, 2018 (GLOBE NEWSWIRE) -- Global high temperature elastomers market is projected to reach $14,951.4 million by 2023, the market growth is driven by the growing adoption of these elastomers in the automotive, healthcare, consumer goods, and electronics industries.*Request to get the sample pages: **https://www.psmarketresearch.com/market-analysis/high-temperature-elastomers-market/report-sample*

Based on type, the high temperature elastomers market is categorized into fluorocarbon elastomer, perfluorocarbon elastomer, silicone elastomer, fluorosilicone elastomers, and others; ‘others’ include nitrile and polyacrylate. Of these, silicone elastomer was the dominant category in the market, with volume sales of more than 60.0% in 2017. High demand of silicone elastomer, from the automotive industry, for automobile and its parts to meet the insulating, bonding, and sealing applications, is expected to boost the market growth.

On the basis of application, the high temperature elastomers market is bifurcated into automobile and transportation, semiconductor and electronics, healthcare, consumer products, industrial machinery, and others; ‘other’ applications include construction and chemical processing. Semiconductor and electronics is expected to be the fastest growing category in the market, advancing at respective volume and value CAGRs of 6.8% and 7.8% during the forecast period.

*Browse report overview with detailed TOC on "High Temperature Elastomers Market" at: **https://www.psmarketresearch.com/market-analysis/high-temperature-elastomers-market*

The high temperature elastomers market in Asia-Pacific (APAC) is expected to register a CAGR of 7.4% during the forecast period, in terms of value. The growth of the APAC market is driven by the presence of various end-use industries, increase in construction activities, and rapid economic growth. Additionally, the growing economies of China and India are expected to further drive the growth of the market, due to increasing industrial base in these countries.

The demand of high temperature elastomers is increasing in developing countries, owing to their consumption in various industries including automotive, consumer goods, and electronics. Manufacturers are promoting the use of these elastomers for these industries, by advertisements and campaign programs, owing to the good economic growth, and rapid industrialization and urbanization in these countries. Along with that, the increasing construction activities and growing automotive industry in developing countries are also fueling the demand of these elastomers, creating growth opportunities in the high temperature elastomers market.

Elastomers (high temperature) possess superior properties as compared to normal elastomers such as they provide continuous heat resistance up to 180°C, with peaks to 200°C and improved mechanical properties; maintain seal integrity, high temperature stability, good chemical-resistance; very high performance; excellent thermal-resistance; and others. Owing to these properties, these elastomers are becoming the preferred choice in various industries, thus driving the high temperature elastomers market growth.

Some of the major players operating in the global high temperature elastomers market are Dow Corning Corporation, KCC Corporation, Solvay S.A., Momentive Performance Materials Inc., Wacker Chemie AG, 3M Company, Daikin Industries, Ltd., RTP Company, Shin-Etsu Chemical Co., Ltd., and The Chemours Company.

*More Reports by P&S Market Research*

*Industrial Lubricants Market*

Growth of energy industry, particularly oil & gas and mining in North America is expected to be a key driving factor for industrial lubricants market growth in the region. These lubricants are required at every stage of the energy generation sector ranging from performance efficiency of the equipment to the availability at all times.

*https://www.psmarketresearch.com/market-analysis/industrial-lubricants-market*

*About P&S Market Research*

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research-based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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New York City, NY - 10016

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Email: enquiry@psmarketresearch.com

Web: https://www.psmarketresearch.com

*Connect with us: *LinkedIn* | *Twitter* | *Google +* | *Facebook Reported by GlobeNewswire 3 hours ago.

No Smoking Day: Save yourself, your family and your pets

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No Smoking Day: Save yourself, your family and your pets ICA director-general Miri Ziv said, “We must change the social norm regarding smoking in Israel and raise a generation of citizens free from tobacco and nicotine addiction.” Reported by Jerusalem Post 3 hours ago.

8 ways to engage Generation Z

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 -More-  Reported by SmartBrief 2 hours ago.

VALLOUREC: Vallourec to supply Framatome with steam generator tubes for the new Hinkley Point C EPRs

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  *Press Release*
 
   

*Vallourec to supply Framatome with steam generator tubes for the new Hinkley Point C EPRs*

*Boulogne-Billancourt, May 29, 2018 -* Vallourec, world leader in premium tubular solutions, announces that its subsidiary Valinox Nucléaire SAS, specializing in the production of tubes for nuclear power plants, has signed a major contract with Framatome for the manufacture of more than 47,500 tubes for the 8 steam generators of the two new EPR Hinkley Point C units located in England.

"This contract once again shows Vallourec's expertise as a key partner in the French nuclear industry and testifies to the solidity of our long-standing collaboration with Framatome," said Philippe Crouzet, Chairman of the Management Board.

These tubes supplied by Valinox Nucléaire-the only interface between the primary system and the secondary system in pressurized water reactors-transfer heat from the reactor to the secondary loop in order to produce steam that drives a higher power turbine generating electricity.

As critical components in a nuclear power plant, these tubes contribute to the safety of the facility and their quality is an important element in ensuring reactor performance. "These tubes comply with the strictest nuclear safety standards," said Stéphane Jeanneteau, President of Valinox Nucléaire. 

Production of this 1,000 km order will begin in 2018 at the Group's Montbard site (Burgundy, France), which has over 40 years of experience in this highly technical field.

Based in France and China for its nuclear activities, Vallourec is involved in nuclear projects throughout the world and covers all its customers' needs with a complete range of premium tubes, in terms of both dimensions and steel grades.

*About Vallourec*
Vallourec is a world leader in premium tubular solutions for the energy markets and for challenging industrial applications such as oil and gas wells in harsh environments, new generation power plants, daring architectural projects, and high-performance mechanical equipment. Vallourec's pioneering spirit and cutting-edge R&D continually open new technological frontiers. Operating in more than 20 countries, its nearly 19,500 dedicated and passionate employees work hand-in-hand with their customers to offer much more than just tubes: they deliver innovative, reliable, competitive solutions to make every project possible.
Listed on the Euronext in Paris (ISIN code: FR0000120354, ticker VK) and eligible for the Deferred Settlement Service (SRD), Vallourec is included in the following indices: SBF 120 and Next 150.
In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R2094, ticker: VLOWY). The parity between the ADR and an ordinary Vallourec share is 5 for 1.

*vallourec.com*
*Follow us on Twitter @Vallourec*

*    For more information, please contact:*

*Investor relations* * * *Press relations*
Alexandra Fichelson   Héloïse Rothenbühler
Guilherme Camara   Tel: +33 (0)1 41 03 77 50 / +33 (0)6 45 45 19 67
Tel: +33 (0)1 49 09 39 76   heloise.rothenbuhler@vallourec.com
investor.relations@vallourec.com    
     
*Individual shareholder relations* * * * *
Toll-Free Number: 0 800 505 110    
actionnaires@vallourec.com    
     

 
 

*Attachment*

· PDF version.pdf Reported by GlobeNewswire 3 hours ago.

Xiaomi launches second generation Mi Notebook Pro for $870 in Chinese market

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Xiaomi has announced the launch of the second generation of its notebook, the Xiaomi Mi Notebook Pro in the Chinese market. The launch of the original Mi Notebook Pro was limited to China. However, because of the strong design and aesthetic inspiration from Apple’s MacBook along with aggressive pricing pushed the Mi Notebooks to popularity. […] Reported by BGR India 2 hours ago.

AT&T Wireless Ex-CEO, Mohan Gyani, Joins Kirusa’s Board of Directors

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He joins an elite panel of visionaries strategizing to guide next-generation telecom experiences and partnerships.

NEW PROVIDENCE, N.J. (PRWEB) May 29, 2018

Kirusa, a global leader in communication solutions over data networks for consumers and enterprises, today announced the appointment of Mohan Gyani to its board of directors.

Mr. Gyani is a private investor and advisor with over 30 years of experience in the Telecom and Wireless industry. As former President and CEO of AT&T Wireless, he played a key role in the $10.6 Billion IPO of AT&T Wireless in 2000. Previously, as Executive Vice President and CFO of AirTouch, Mr.Gyani was a key leader in the $120 Billion merger of AirTouch and Vodafone and the subsequent $70 Billion joint venture with Bell Atlantic that resulted in the creation of Verizon Wireless.

On joining the Kirusa Board, Mohan Gyani said: “Kirusa’s disruptive voice-over-data services like InstaVoice ReachMe address a specific pain point for users and carriers – that of slashing roaming rates, which is also a priority at GSMA. I believe there is immense, untapped market potential in the category, and a unique opportunity to shape the next generation of telecommunication experiences.”

Mohan currently sits on the boards of U.S. public companies Blackhawk Networks, Digital Turbine, and MUFG Union Bank. He is, or has been, on the boards of several other for-profit firms and non-profit organizations such as Safeway, Audience, GlobeTouch, Jasper Wireless, Jibe, Keynote Systems, Mobile Telesystems (MTS), IDEA Cellular (India), RingCentral, Roamware/Mobileum, Ruckus Wireless, Tellme , Argyle Data, CTIA, and the GSM Association.

“Mohan’s vision resonates strongly with Kirusa’s aspirations, and we hope to tap into his wealth of experience in scaling disruptive services that challenge the status quo. The timing couldn’t have been better, as Kirusa looks to expand its voice-over-data offerings to geographies around the world,” said Inderpal Singh Mumick, Founder & CEO of Kirusa.

Welcoming Mr. Gyani to the board, Naren Gupta, Managing Director, Nexus Venture Partners, and a current board member said: “We are pleased to have Mr. Gyani join Kirusa’s board of directors. His experience and expertise in the mobile industry will be of great asset to Kirusa.”

About Kirusa
Kirusa is a global leader in providing communication solutions over data networks for consumers and enterprises. Kirusa’s solutions include InstaVoice ReachMe™, a voice-over-data solution to help users receive their GSM calls over data in a mobile app, while helping carriers leverage the power of data to enrich the calling experience of their subscribers; InstaVoice®, a unique call completion solution for users that bundles voicemail, missed calls, availability, and ring, and helps mobile carriers monetize missed calls in their networks; Kirusa Konnect™, a Communication Platform as a Sevice (CPaaS) for enterprises that helps bolster brand-customer engagement over mobile channels; and Kirusa Channels™, that offers users access to live voice blogs from their favorite celebrities, sports clubs, news portals and other streams. Kirusa solutions are deployed in 46 countries, with 50 mobile carrier partnerships in Africa, Asia, and LatAm. Kirusa solutions are built on its patented technology and highly reliable, scalable multimodal & cloud platforms, which manage over 2.5 billion calls and 100 million active mobile users across the globe, every month. Headquartered in New Jersey and led by an experienced team of wireless telecom executives and technologists, Kirusa has offices in four continents. For more information, visit: http://www.kirusa.com

For Kirusa
Godslove Adagbonyin
E-mail:gadagbonyin@kirusa.com Reported by PRWeb 3 hours ago.

Shaw Industries Further Reduces Carbon Footprint with Combined Heat & Power Plant at South Carolina Carpet Fiber Facility

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Shaw has completed the construction of a cogeneration Combined Heat & Power (CHP) plant at its Columbia, S.C. fiber production facility. The CHP, which began operating in May 2018, will reduce the plant’s annual greenhouse gas emissions by an estimated 26,000 metric tonnes; that’s an impact equal to removing almost 5,500 passenger vehicles from the road each year.

DALTON, Ga. and COLUMBIA, S.C. (PRWEB) May 29, 2018

Shaw Industries Group, Inc.(Shaw) has completed the construction of a cogeneration Combined Heat & Power (CHP) plant at its Columbia, S.C. fiber production facility. The CHP, which began operating in May 2018, will reduce the plant’s annual greenhouse gas emissions by an estimated 26,000 metric tonnes; that’s an impact equal to removing almost 5,500 passenger vehicles from the road each year.

This is the latest in ongoing investments Shaw is making to minimize its environmental footprint. The company recently announced it has achieved carbon neutrality in its commercial carpet manufacturing operations. Companywide, Shaw has made significant investments to help reduce its energy and greenhouse gas impact. As a result, Shaw’s greenhouse gas emissions have decreased approximately 25 percent compared to 2010 -- with a target of reducing both the amount of energy the company uses and the amount of GHG emissions it produces by 40 percent by 2030 (per pound of finished product).

“Climate change is a complex, global issue. While no one company or individual can tackle this challenge alone, as a globally oriented company we have a responsibility to positively contribute to the solution,” notes Troy Virgo, director of sustainability and product stewardship at Shaw. “The Combined Heat and Power Plant exemplifies one of many ways we are doing our part to have a positive impact on the world we all share.”

The result: Less fuel is used to provide the same amount of steam and electricity to the plant, which reduces greenhouse gas emissions The plant will realize reduced energy costs as well.

The addition of the CHP to Shaw’s operations is all part of Shaw’s carbon strategy, which systematically focused on:
Reducing energy demand and improving energy efficiency
Investing in renewable energy generation
Measuring and reporting progress with a goal toward continuous improvement

This carbon strategy is part of Shaw’s broader sustainability strategy, which focuses on products, the environment and people in Shaw’s quest to create a better future. “Sustainability challenges us to challenge ourselves,” notes Virgo. “The effort matters because people matter.”

About the Combined Heat and Power Plant
This CHP application will use natural gas to fuel a turbine to generate electricity, leveraging the exhaust heat from the turbine to produce steam. This production meets the entire steam demand for Shaw’s carpet fiber plant in Columbia, S.C. and replaces the majority of electricity supplied by a utility company.

CHP technology can operate with an overall efficiency of 75 percent or greater, compared to 35 percent efficiency for electricity from the fuel entering a power plant to the end use in the plant or in a home.

About Shaw Industries
Shaw Industries Group, Inc. is more than a flooring company – we are 22,000 people united in our vision of creating a better future for our customers, for our people, for our community and for our company. We provide carpet, resilient, hardwood, tile & stone, laminate, synthetic turf and other specialty items for residential and commercial markets worldwide. We meet diverse customer needs through an expansive portfolio of brands, including: Anderson Tuftex, COREtec, Patcraft, Philadelphia Commercial, Shaw Contract, Shaw Floors, Shaw Hospitality, Shaw Sports Turf, Southwest Greens, USFloors and more.

Headquartered in Dalton, Georgia, Shaw is a wholly owned subsidiary of Berkshire Hathaway with nearly $6 billion in annual revenue and representation throughout the U.S., as well as in Australia, Belgium, Brazil, Canada, Chile, China, France, India, Mexico, Singapore, United Arab Emirates, and the United Kingdom. For more information about our company brands, operations and community involvement, or to join our industry-leading team, visit http://www.shawinc.com. Reported by PRWeb 3 hours ago.

Milton Hershey School Signs 10th Memorandum of Understanding with Lock Haven University to Support First-Generation, Low-Income Students

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Students will receive multilayered, sustained support

HERSHEY, Pa. (PRWEB) May 29, 2018

Recently, Milton Hershey School signed its tenth memorandum of understanding (MOU) with Lock Haven University with the goal of offering multilayered support to its low-income, first-generation college students.

“We are striving to improve the national graduation outcome for low-income, first-generation college students,” MHS Vice President of Graduate Programs for Success Tanya Barton said. “By partnering with a university like Lock Haven, we are working together to reach that goal and most importantly provide the necessary support our students need to lead productive lives.”

MHS students who attend Lock Haven University will receive academic coaching, student engagement resources, and retention support to ensure student success throughout their college careers.

“The partnership between Lock Haven University and Milton Hershey School demonstrates our support and commitment to improving the college graduation rates of low-income and first-generation college students,” said Dr. Donna Wilson, Lock Haven University interim president. “We are committed to the academic success of all of our students here at The Haven and we look forward to providing the guidance and necessary resources to help MHS alums achieve their goal of earning a degree from Lock Haven University.”

In 2017, MHS career and higher education specialists organized 123 on-campus postsecondary visits and sent 13,856 text messages to support graduates throughout their college experience.

MHS has established nine other partnerships with postsecondary institutions across the state as part of its commitment to providing graduates with comprehensive and individualized support.

Read more about postgraduate supports at Milton Hershey School at mhskids.org.

# # #

ABOUT MILTON HERSHEY SCHOOL
Milton Hershey School® is one of the world’s best private schools, offering a top-notch education and positive home life to children in pre-kindergarten through 12th grade from families of lower income at no charge. Reported by PRWeb 3 hours ago.

Josh Groban Tells HPU Grads to Embrace Fear and Trust Their Instincts

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Josh Groban sang and delivered many words of wisdom during one of the most notable graduation speeches of the 2018 Commencement season. Multi-media links included below.

High Point, N.C., May 29, 2018 (GLOBE NEWSWIRE) --

Before he became the internationally acclaimed singer, songwriter and actor that he is today, Josh Groban was afraid to sing in front of anyone, including his own parents.

During one of the most notable graduation speeches of the 2018 Commencement season, Groban told 1,084 graduates, High Point University’s largest graduating class, and 10,000 guests in attendance that his fear propelled him to places of success.

He charged the students to never back away from challenges and to always trust their instincts.

Highlights from the weekend, including video of Groban’s speech and a bald eagle soaring over graduates, can be found at http://www.highpoint.edu/commencement/. To download* video* from HPU’s Commencement Ceremony and Josh Groban’s speech, click here.

Groban, who was forced to the front of his chorus class at the age of 13, singing only on assignment, told the audience that fear is a great thing.

“I believe that it would be better to fail at doing something challenging, something worthwhile, and something I’m excited to show the world than to succeed doing something safe, something that wouldn’t actually inspire much at all,” he told graduates. “You learn with experience that some fear is the good stuff. Not all. But when the fear comes from a place of wanting to follow through with passion – something you believe in, it’s good. When it comes to your future experiences, as you enter the world with your knowledge and excitement, as you choose opportunities, always remember: if you aren’t scared, be worried.”

Having uncovered his passion for singing, Groban enrolled at Carnegie Mellon University and formed a plan. He was going to be a theater graduate and slowly work his way to Broadway before another opportunity arose – a record deal. 

“You are here today because you said yes to the opportunity that High Point University offered you,” Groban told the graduates. “You took that wonderful leap when they offered it to you. And behind that were more ‘yeses’ and more times you could have not jumped at something when not jumping would have been so much easier and safer. When you’re not sure that someone else’s ideas for your life are right for you, when they tell you what you should do, it’s those gut-check moments that are valuable and often times hard to act on. Work that muscle. Don’t be afraid to hurt a little while you do.”

Groban shared the story of his first major performance opportunity. He was 16 years old, trying to become a professional singer, and he received a call from music producer David Foster. Foster asked if he would be able to fill in for a Grammy Award rehearsal and perform a duet with Celine Dion. Groban, feeling unprepared, declined the offer. But the producer called Groban back and demanded that he come perform.

“He called back because he heard something in me and saw what I didn’t,” said Groban. “We’re not always going to know when it’s the right time to say yes and the right time to say no. Surround yourself with people you trust and who get you. People who get your demons and believe in you, not just in what you have to offer them. Surround yourself with people who don’t mind saying it like it is. Keep them close. They have literally saved my life and career in more ways than they know.”

Groban also encouraged graduates to get past their nerves and forge ahead.

“Every day of the first few years of my career, I felt like I was faking it,” he said. “My confidence was a sham. I was a student and a professional at the same time. On stage, I was crushing it. Off stage, I was a ball of doubt. I’m sure you’ve all felt that during the course of your time here, and you’re sure to feel it when you leave. That is natural, it’s human and it’s okay. Plow through it.”

The singer concluded his speech with a serenade to the class of 2018, singing a piece from the musical “Sunday in the Park with George,” written by one of his favorite composers, Stephen Sondheim.

As is tradition at HPU’s graduation, a bald eagle soared over the graduates at the end of the ceremony to symbolize the ideals of free enterprise, independence and the ability to pursue new opportunities in America.

Graduates also received a powerful Senior Send-Off on May 4 from HPU President Nido Qubein, who encouraged them to live lives of both success and significance.

“Everyone wants to live on top of the mountain, but all the happiness and growth occur while you’re climbing it,” Qubein told graduates and their families. “It’s the journey that counts. It’s the power of one. It’s the energy that comes with faithful courage. It’s your ability to achieve success in your own way. It’s your charge to light a candle where darkness prevails. It’s you, holding out your hand to the right and to the left adjoining hands with others to fill every community you enter with light. Never tell yourself you’re too old or too young to make it. Never tell yourself you’ve missed the chance to get it done or that you aren’t good enough. You can do it, whatever it is. You have learned about the art of the possible at High Point University. So, yes you can. You were created for a reason.”

 

Top Highlights from Groban’s Speech on May 5:

“You’re all here because of your incredibly hard work and effort and beautiful minds. But you’re also here because someone helped. Think of someone who did that for you. Anyone who, along the way, gave you that push and made you take stock. Anyone who helped you find your path or your voice or encouraged you to take a chance and take a risk. That person who said the uncomfortable thing for your benefit. If that person is here today, make sure you don’t leave without giving them a mighty thank you and a hug. Let them know. If they aren’t here, let them know. And if they aren’t on the planet with us anymore, honor them in the choices you make going forward. But to all of them, say thank you.”

“I still get nerves. You will too, forever if you’re doing it right.”

“It’s important to cultivate your circle offline. Not 500 Facebook friends, but the five people you would invite to dinner. That’s so important.” 

“I’ve collected experiences. So, the next time I’m in a situation that scares me, chances are I’ve been through something similar by doing, again and again, to the best of my ability each time. Go out and do. Collect those tools. Your future self will be so grateful you worked through the awkwardness. Because trust me, there are no shortcuts to feeling competent at what you do. It’s the work. And I wouldn’t be lucky enough to stand here if I didn’t pick up on that immediately.” 

“The good news is that people won’t really pay as much attention to your missteps as you do if the missteps were in the name of striving forward and growth. You will make them and you will be challenged to pick yourself up. Do it.”

“When you do something great, that connects and affects people positively. That sticks way longer and way deeper than any slip up.”

“You’ve all got career goals on your minds. And maybe some of you don’t. And that’s absolutely fine as well right now. We’re well aware of the competition, the grind, the work ethic that lies ahead. But one of the important things my dad told me when I was having darker moments – yes, I, Josh Groban have darker moments – when he could see how hamster-wheel my brain was and how little I was putting into my actual life, was to value the things that make you truly happy. Not just satisfied or validated. Things that make your soul fulfilled. Friends, loves, a pet.”

“All over the country, in these spring weeks, people are standing as I am, at podiums, speaking to young adults graduating from college, or graduating from high school, and telling them the future is in their hands. It’s been said countless times through the generations, to millions of graduates-to-be. But this year, more than it has been in ages, it feels true. Right now, we can see what is happening on campuses, in workplaces, in houses of government, in the streets, where people of your generation are speaking up and leading the way for the greater good. That stage is yours now and hasn't been this pivotally important in decades. Do not take your responsibility lightly. They say it’s a curse to live in interesting times and well, these are them. We’re learning what it means, more than ever, to leave good foot prints. They are needed more than ever.”

“Make sure giving back is a big part of life going forward.”

“Promise me you’ll stop and feel the wind when you succeed. That’s the balance. And that part is hard. Especially for people who like to work as hard as you and I do.”

“You have my greatest respect and confidence as you seek your paths, as you go change the world, as we trust you with the future. You won’t disappoint us. Be kind. Be generous. Be inclusive. And, use your voices. As Virgil said about 2,000 years ago, ‘Let us go singing as far as we go: the road will be less tedious.’”

“Find a cause that you’re passionate about like I have been with arts education. Make time for that too. It will give back to you in ways you have no idea. It’s truly a win-win, and if every graduate across the globe chose one thing philanthropically, we would all be spoiled by what we are capable of.”

“Life is so, so weird. Embrace that weirdness and go into it with the confidence that you have something to add that is uniquely you.”

 At High Point University, every student receives an extraordinary education in an inspiring environment with caring people.*^® *HPU, located in the Piedmont Triad region of North Carolina, is a liberal arts institution with more than 4,900 undergraduate and graduate students. It is ranked No. 1 by U.S. News and World Report for Best Regional Colleges in the South, No. 1 for Most Innovative Regional Colleges in the South and No. 1 for Best Undergraduate Teaching in the South. The Princeton Review named HPU in the 2018 edition of “The Best 382 Colleges” in the nation, as well as Best Career Services (No. 19), Best-Run Colleges (No. 20), Best College Dorm Rooms (No. 7), a Great School for Communication Majors and a Great School for Business/Finance Majors. For seven years in a row, HPU has been named a College of Distinction with special recognition for business and education programs, and The National Council on Teacher Quality ranks HPU’s elementary education program as one of the best in the nation. The university offers 50 undergraduate majors, 57 undergraduate minors and 13 graduate degree programs. It is a member of the NCAA, Division I and the Big South Conference. Visit High Point University on the web at highpoint.edu.

 

*Attachments*

· HPU Commencement 2018 1
· HPU Commencement 2018 2

CONTACT: Pam Haynes
High Point University
3368419055
phaynes@highpoint.edu Reported by GlobeNewswire 2 hours ago.

FireMon Announces Agreement to Acquire Lumeta

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Technology integration enables customers to discover, secure and monitor previously unknown applications, networks and endpoints, both on-premise and in the cloud

SOMERSET, N.J., May 29, 2018 (GLOBE NEWSWIRE) -- FireMon, a global leader in network security policy management, today announced the company has reached an agreement to purchase Lumeta Corporation, a leader in cyber situational awareness for delivering complete real-time visibility into the extended network and across all connected endpoints.FireMon created the network security policy management market nearly 20 years ago. However, in today’s dynamic environment where new devices, cloud resources and other assets can join, depart and move within a network at any moment, it can be difficult to achieve full cyber situational awareness. Security teams often struggle to identify all assets on their network and understand how they are connected and how they communicate in real-time. And, for enterprises and government agencies with large-scale network operations that extend into the cloud, this challenge is significantly magnified.

Lumeta’s technology solves this problem by discovering, mapping and analyzing all enterprise connectivity, both on-premise and in the cloud. This continuous identification of new devices, routers, cloud connectivity and more, enables FireMon customers to extend the capabilities of the FireMon platform to previously unknown network elements and cloud resources. This reduces enterprise attack surfaces and exposes elements and activity that represent a security risk.

The addition of Lumeta’s technology advances FireMon’s mission: to improve security through the implementation of intent-based security. Intent-based security bridges the traditional gap between business and security by enabling business owners and DevOps teams to determine the business intent of applications (and the related security and compliance requirements) and automating the generation of rules required to enforce that intent. The FireMon platform accomplishes this by translating business language to the language spoken by the variety of firewalls, UTMs, load balancers, etc. in corporate environments. This results in more effective and compliant security, while allowing DevOps teams to focus on growing the business.

Lumeta’s technology will enable FireMon customers to extend intent-based security to on-premise and cloud assets that were previously unknown and ensure the right security measures are in place in an automated way utilizing an organization’s existing security infrastructure.  This will result in significantly improved security without adding an operational burden on security teams.  

The acquisition, which is subject to customary closing conditions, is expected to be completed within the second quarter of 2018. Upon closing of the transaction, FireMon intends to continue operating Lumeta as a stand-alone business, while infusing additional resources to accelerate Lumeta’s continued technology development and integration with FireMon. Reggie Best will continue as Lumeta’s president and serve on the Executive Leadership team at FireMon. 

*QUOTES*

“Lumeta and FireMon share a vision for deeper integration across the security industry.  For example, Lumeta built Spectre with two-way RESTful APIs, which has resulted in proven integrations with leading security vendors, including McAfee ePO, IBM QRadar, Carbon Black, Cisco, Tenable, InfoBlox and Qualys. This pairs well with FireMon’s vendor-agnostic approach to solving customers’ problems. Additionally, Lumeta’s history, which dates back to the legendary innovation center Bell Labs, perfectly complements FireMon’s business model and technology strategy.” – Satin Mirchandani, chief executive officer (CEO), FireMon

“Companies typically face two major security challenges: 1) identifying the applications and assets on their network and 2) solving the people and process issues that lead to security vulnerabilities. The Lumeta acquisition provides a path for customers to discover previously unknown, rogue and shadow IT networks and assets, and then leverage FireMon’s capabilities to manage policies and implement security controls across heterogeneous security infrastructure. Together, FireMon and Lumeta provide a powerful one-two punch that results in more effective and efficient security that reduces risk while providing stronger compliance.” – Satin Mirchandani, CEO, FireMon

“We look forward to working with FireMon to help its significant customer base overcome traditional challenges associated with network visibility, security policy compliance and securing today’s hybrid cloud environments. We are also honored to be joining the Insight Venture Partners portfolio of companies, which has included Tenable, Docker, Veeam, Mimecast and SolarWinds.” – Reggie Best, president and chief product officer, Lumeta

*About FireMon*
The FireMon platform delivers continuous security for hybrid enterprises through a powerful fusion of vulnerability management, continuous compliance and orchestration. Since creating the first-ever network security management solution 15 years ago, FireMon solutions have continued to deliver visibility into and control over complex network security infrastructure, policies and risk for more than 1,500 customers around the world. For more information or a free 30-day trial, visit www.firemon.com.

*About Lumeta*
Lumeta delivers real-time cyber situational awareness that quickly and effectively identifies and remediates threats before a breach impacts an organization. The company’s cyber situational awareness platform, *Lumeta® Spectre*, reduces the risk to companies by streamlining network response and change, and adding security intelligence to dynamic network elements, endpoints, virtual machines, cloud-based infrastructure, policies and segmentation changes. Lumeta complements and optimizes existing network and security product investments by feeding them accurate, comprehensive network intelligence. Headquartered in Somerset, New Jersey, Lumeta has operations and clients throughout the world. For more information, visit *http://www.Lumeta.com* and follow us on Twitter at *@Lumeta*.

*About Insight Venture Partners*
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $18 billion and invested in over 300 companies worldwide. Insight’s mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a core belief: growth equals opportunity. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners.

CONTACT: Contact
Dan Lamorena
Chief Marketing Officer
dan.lamorena@firemon.com Reported by GlobeNewswire 2 hours ago.

A Day in the Life of Philanthropist Sarah Arison

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Meet the 33-year-old whose arts-education foundation has mentored Timothée Chalamet, Viola Davis and Nicki Minaj, alongside the next generation of great artists. Reported by Wall Street Journal 2 hours ago.

Canada steps up to make a long-term investment in its future and a commitment to be a global energy supplier

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CALGARY, Alberta, May 29, 2018 (GLOBE NEWSWIRE) -- The Government of Canada’s acquisition of the Trans Mountain and Trans Mountain expansion pipeline (TMEP) is a long-term commitment in the future of the country’s oil and natural gas industry. This project will enable the creation of jobs and prosperity for a new generation of Canadians, according to the Canadian Association of Petroleum Producers (CAPP).CAPP is pleased the construction of this project will get underway – demonstrating confidence in Canada’s energy sector and ensuring full market value for the country’s natural resources. The government’s political and financial backing guarantees construction of the pipeline will resume, and provides industry the assurance it has been seeking.

Although the federal government’s commitment is a step forward, this project was always economically viable for private-sector investment based on the long-term returns it would have for Canada. These are exceptional circumstances and should not be considered the norm.

Now that this project has the full backing of the highest level of government in the country, we expect Ottawa to be committed to overcome any legal, political, or activist barriers that may remain.

The British Columbia government’s dispute with TMEP was about more than just one pipeline, one industry or one province. Instead, it created mounting political uncertainty and repercussions for many industries across Canada seeking government approvals and global investors. If the government wants this to be a success, it must ensure the project is managed responsibly to prevent cost overruns due to continued opposition from the B.C. government and organized activists.

The TMEP is critical infrastructure needed to move Canadian energy to world markets and restore investor confidence in Canada’s economy and political system. It signals Canada is open to business and energy trade with international investors.

The construction of the TMEP will begin to restore global confidence and competitiveness to Canada’s energy sector and reduce the country’s reliance on a single export customer – enabling Canadians to sell their energy for higher global prices on more world markets.

*Canadian Association of Petroleum Producers quotes: Tim McMillan, president and CEO*

· “Construction of the Trans Mountain pipeline will show Canada is open for business.”
· “We are pleased the pipeline will be built. It has full regulatory, legislative, financial and political backing of the highest level of government, and will ultimately be returned to the private sector where it belongs.”
· “Ottawa’s investment in Trans Mountain demonstrates confidence in Canada’s energy sector. The project was approved on its merits and in the best interests of the nation.”
· “Ottawa’s investment shows that organized activists can’t derail projects in the best interest of Canada.”
· “Canada is a world leader in responsible energy development – and the Trans Mountain expansion pipeline will open our doors to more global energy trade.”
· “Construction of the Trans Mountain expansion pipeline will create jobs and economic prosperity for all Canadians – even in provinces where they don’t have oil.”
· “Building the Trans Mountain expansion is the first step to making Canada competitive for investment in the global energy market. It will begin to reduce our reliance on one customer and enable Canadians to get a fairer price for their natural resources.”

*Supporting information*

· The world’s population is expected to exceed nine billion people by 2040, resulting in increased demand for all forms of energy. Oil and natural gas is expected to represent 52 per cent of the total energy mix, according to the International Energy Agency.
○  Total world oil consumption is expected to increase to 105 million barrels per day (b/d) by 2040, compared to 94 million b/d in 2016.
○  Natural gas consumption will rise 45 per cent in 2040 to 199 trillion cubic feet (Tcf) versus 129 million Tcf in 2016.
· Canada’s existing pipeline network is currently operating at capacity at four million b/d. CAPP forecasts the annual supply of western Canadian oil will rise to 5.4 million b/d by 2030, an increase of 1.5 million b/d from 2016.
· Ontario, Quebec and Atlantic Canada import 600,000 b/d from the United States, Africa, and the Middle East, and another 2.4 billion cubic feet per day of natural gas.
· Oil and natural gas is Canada’s largest export industry, creating nearly $110 billion in gross domestic product (GDP) and generating more than 500,000 jobs across the country.

The Canadian Association of Petroleum Producers (CAPP) represents companies, large and small, that explore for, develop and produce natural gas and crude oil throughout Canada. CAPP’s member companies produce about 80 per cent of Canada’s natural gas and crude oil. CAPP's associate members provide a wide range of services that support the upstream crude oil and natural gas industry. Together CAPP's members and associate members are an important part of a national industry with revenues from crude oil and natural gas production of about $110 billion a year. CAPP’s mission, on behalf of the Canadian upstream crude oil and natural gas industry, is to advocate for and enable economic competitiveness and safe, environmentally and socially responsible performance.

For additional information:

Chelsie Klassen
Canadian Association of Petroleum Producers
(P) 403-267-1151
(E) chelsie.klassen@capp.ca Reported by GlobeNewswire 2 hours ago.
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