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News Article | May 8, 2017
Site: globenewswire.com

NEWARK, N.J. and CHARLESTON, S.C., May 08, 2017 (GLOBE NEWSWIRE) -- Arkados Group, Inc. (OTC:AKDS), a leading software developer and system integrator enabling Internet of Things (IoT) applications for commercial and industrial customers, today announced it has completed the acquisition of SolBright Renewable Energy , LLC, a renewable energy design and development company based in Charleston, SC. The deal was originally announced on March 17, 2017. In addition, we are pleased to announce that Patrick Hassell has been appointed as the President of Arkados Energy Solutions, LLC, our energy services business.  Mr. Hassell most recently served as the Founder and Managing Director of SolBright Renewable Energy .  Prior to SolBright, Mr. Hassell was President and CEO of AkroMetrix, a prominent microelectronics industry equipment manufacturer. Mr. Hassell received a BS in Civil Engineering from the University of Virginia and later received a Master’s of Science in Management from the Georgia Institute of Technology. SolBright Renewable Energy is a leading provider of turnkey development, engineering, procurement and construction (EPC) services for the commercial/industrial and military solar photovoltaic markets. Arkados paid $15 million in a combination of cash, debt and stock for substantially 100% of the assets of SolBright, including a current backlog of approximately $40 million in distributed generation EPC projects and a substantial pipeline of additional projects throughout the Eastern United States.  This transaction allows Arkados to significantly expand its Arkados Energy Solutions business into the rapidly growing renewable energy industry and is expected to open new customer opportunities for its cutting-edge Internet of Things solutions. “SolBright has been one of the more active super-regional designers and installers of solar systems primarily along the East Coast but as far reaching as California, by completing approximately 30 MW of projects during that time.  SolBright’s strong track record, which is a testament to Patrick and his team, yielded industry leading win rates and a loyal, blue chip customer base,” said Terrence DeFranco, CEO of Arkados Group, Inc.  “The closing of this acquisition marks an important milestone in our growth and is expected to be a tremendous catalyst for revenue and earnings growth.  Our unique model of combining the value of renewable energy services with the vast benefits of our IIoT Arktic™ software platform should create great value for our customers and our shareholders and we have great confidence in Patrick and his team leading this business to new heights.” “We believe that this transaction will allow us to take our business to the next level and realize many more opportunities with our existing and future customer opportunities,” stated Mr. Hassel.  “Over the past 8 years, we’ve built an award-winning business and established our brand that has become known for quality, reliability and excellent service. With Arkados, we can add a cutting-edge set of services that should help to establish us as a clear leader in the industry. The SolBright team is very excited to have access to Arkados’ technology solutions based on our belief that our customers will greatly benefit from them.” AIP Private Capital and AIP Asset Management acted as the lead investors for the acquisition financing, providing $2 million in convertible debt and an additional $500,000 in equity. L2 Capital, LLC and SBI Investments, LLC provided subordinated debt in the amount of $792,000 and the Company secured additional working capital of approximately $600,000 in equity from other investors. Joseph Gunnar & Co., LLC, a leading New York City-based securities and investment bank established in 1997, acted as the placement agent and advisor to Arkados and will continue in this capacity as the Company explores other opportunities. The Capital Corporation, a leading investment bank headquartered out of Greenville, South Carolina and with offices in Spartanburg, South Carolina and Boca Raton, Florida, served as the exclusive investment banking advisor to SolBright on the transaction. Detailed information related to the transaction can be found in the Company’s Current Report on Form 8K filed with the Securities and Exchange Commission on May 5, 2017 at www.sec.gov. General Electric estimates that the Industrial Internet of Things (IIoT), the use of sensing, data gathering, monitoring and controlling commercial and industrial machinery, will reach $60 trillion worldwide in the next 15 years.  IIoT technology and software applications in combination with on-site renewable energy generation and emerging battery storage capabilities provides a complete solutions set for optimizing energy efficiency and corporate energy spend.  In November 2015, Gartner estimated that the Internet of Things will consist of 20.8 billion connected objects in use by 2020, up from 6.4 billion in 2016 and that enterprise customers represent the largest spending on these devices.  Another more recent Gartner report estimates IoT deployment in commercial buildings is on track to reach just over 1 billion in 2018. Arkados Group, Inc. (“Arkados” or the “Company”), through its subsidiaries, is a provider of scalable and interoperable Internet of Things solutions focused on industrial automation and energy management.  We execute our business as a software-as-a-service (SaaS) application developer and energy services firm that helps commercial and industrial facilities owners and managers leverage the Internet of Things to reduce costs and improve productivity with unique, cutting-edge building and machine automation solutions. The Company’s Arktic™ software platform is a scalable and interoperable cloud-based system for sensing, gathering, storing, analyzing data as well as reporting critical information and implementing command and control.  Our applications currently focus on measurement and verification and predictive analytic and are delivered to customers as a complement to our services business, which focuses primarily on reducing energy costs through solar PV, LED lighting and other energy conservation services for the commercial and industrial facilities market. More information is available at our web site at www.arkadosgroup.com. SolBright Renewable Energy is a turnkey developer and EPC of Solar Photovoltaic projects for long term, stable, distributed power solutions. SolBright focuses on military, municipal and commercial/industrial markets, with projects ranging in size from 100 kWp to 5,000 kWp. SolBright’s services include market assessment, design/engineering, installation, operation and maintenance/monitoring, financing and project ownership. SolBright has distinct competitive advantages for ground, parking canopy and roof-top solar applications that ensure integration with existing/new roof warranties. SolBright has a national reach within the United States, with projects successfully delivered throughout the southeast, mid-Atlantic and northeast and as far west as California. AIP is a Toronto-based asset management company, managing hedge and mutual funds and discretionary separately managed accounts. AIP has been named Best Global Macro Hedge Fund in Canada at the Hedge Fund Awards sponsored by Barclay Hedge and was nominated for the Ernst and Young Entrepreneur of the Year Award. Its core focus is to help clients, be they institutions, hedge funds, mutual funds, family offices, or retail investors, achieve their investment goals. About AIP Private Capital - it is a privately-held investment firm, focuses on emerging growth companies primarily in Financial Services and Technology sectors with unique assets, strong business models and seasoned management teams with the skills and ability to grow the company quickly to profitability. AIPPC provides private equity/debt, VC, special situations investments and short-term financing as well as technical, board and managerial leadership. AIPPC is a member of the CVCA, TMA and was recently nominated for the Ernst and Young Entrepreneur of the Year Award. Forward-Looking Statements This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts and can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and include statements regarding the contributions expected from Mr. Hassell, the expected new customer opportunities for the Company’s cutting-edge Internet of Things solutions, the value for the Company’s customers and shareholders to be derived from the acquisition, the belief that this transaction will allow us to take the Company’s business to the next level and allow it to realize many more opportunities with its existing and future customer opportunities, becoming a clear leader in the industry and the size of the market. These statements are subject to uncertainties and risks many of which are difficult to predict, including the ability to successfully integrate the new business and new management team with the Company’s existing business and managements team.  Product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the Company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by this cautionary statement and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.


News Article | June 1, 2017
Site: globenewswire.com

WASHINGTON and NEWARK, N.J., June 01, 2017 (GLOBE NEWSWIRE) -- Cyber security disrupter infOsci today announced a joint development partnership with Arkados Group, Inc. (OTC:AKDS), a leading software developer and system integrator enabling Internet of Things (IoT) applications, whereby Arkados will pilot infOsci’s revolutionary security technology in conjunction with various commercial and industrial applications.   This partnership will allow Arkados to pilot infOsci’s revolutionary technology within their system prior to public release, giving Arkados’ customers early access to the future of cyber security. "It is time to come to grips with reality – current information security systems are not working," said infOsci founder John Ellingson. "Arkados' customers will be among the first users to experience a cyber security regime that fundamentally changes how their information is secured." Despite spending billions annually, data beaches are increasing in both size and frequency. The conventional approach for the last forty years has been focused on using secrecy and complexity to keep enemies outside of systems. The infOsci approach is to assume that credentials can be compromised, and instead create a digital certificate and PKI system that is dynamic from end-to-end. This patent pending method provides two-way certificate based authentication to the endpoint including mobile devices and the Internet of Things . ”We are extremely excited about this partnership with infOsci,” stated Terrence DeFranco, CEO of Arkados.  “Our scalable and interoperable solutions gather and analyze sensitive customer data to help customers save money by reducing energy and maintenance costs.  The Internet of Things brings great value, but connected systems increasingly demand more robust security measures to preserve that value.   We believe that this development partnership with infOsci will yield extraordinary results by bringing state-of-the-art security to our Industrial IoT solutions and protect our customers’ most valued assets.” The current cyber security paradigm is focused on making the “fortress” stronger - stronger encryption, better passwords, better firewalls, and more complex technology to keep attackers out, but oftentimes, enemies are using the credentials of those already "within" the "fortress." As a result, a single point of failure can cost an organization millions - and the average organization suffers at least one major failure per year. More than 60% of cyber security breaches have been a result of the unauthorized use of trusted credentials, including user IDs, passwords, and private keys. No matter how strong or complex, in the hands of an attacker, they convey all the authority of the legitimate holder of the credential. infOsci’s technology provides companies with cyber resilience by replacing obsolete and insecure digital certificates (SSL) with dynamic certificates. This constantly changing dynamic information protects the security architecture and provides security even in an environment where user credentials have been or will be stolen or compromised. infOsci’s patent pending intellectual property can be licensed and easily deployed within a company’s existing cyber security infrastructure. The infOsci process uses the current digital certificate and login process, and replaces the broken Secure Socket Layer (SSL) that is the obsolete underlying infrastructure security. infOsci is a disruptive technology company with deep roots in the intelligence community and information security that has developed the future of cyber security, by creating a truly secure authentication method between devices. This technology will provide companies with cyber resilience by replacing obsolete and insecure digital certificates (SSL) with dynamic certificates. This constantly changing dynamic information protects the security architecture and provides security even in an environment where user credentials have been or will be stolen or compromised. Arkados Group, Inc. (“Arkados” or the “Company”), through its subsidiaries, is a provider of scalable and interoperable Internet of Things solutions focused on industrial automation and energy management.  We execute our business as a software-as-a-service (SaaS) application developer and energy services firm that helps commercial and industrial facilities owners and managers leverage the Internet of Things to reduce costs and improve productivity with unique, cutting-edge building and machine automation solutions. The Company’s Arktic™ software platform is a scalable and interoperable cloud-based system for sensing, gathering, storing, analyzing data as well as reporting critical information and implementing command and control.  Our applications currently focus on measurement and verification and predictive analytic and are delivered to customers as a complement to our services business, which focuses primarily on reducing energy costs through solar PV, LED lighting and other energy conservation services for the commercial and industrial facilities market. More information is available at our web site at www.arkadosgroup.com.


NEWARK, N.J., July 17, 2017 (GLOBE NEWSWIRE) -- Arkados Group, Inc. (OTC:AKDS), an industrial automation and energy management company providing Industrial Internet of Things (IoT) solutions that help commercial and industrial facilities increase efficiency and reduce cost, today announced it has rebranded its energy conservation and management services division to “SolBright Renewable Energy ,” reflecting the recently completed acquisition of SolBright Renewable Energy Inc. The division was previously branded “Arkados Energy Solutions.” Arkados Group also announced the strengthening of SolBright’s management team with three key senior management appointments. The senior management appointments include Andrew Streit, Director of Project Management, Jason Kechijian, Head of Systems & Engineering, and Jarrett Branham, Director of Operations. All three men previously held the same positions at SolBright Renewable Energy Inc. before Arkados Group purchase of the SolBright assets in May 2017. “The energy management division’s name change is another important milestone in the integration of the SolBright Renewable Energy assets and along with the management appointments, completes the reuniting of the award winning and highly regarded SolBright team and brand, now under the Arkados corporate umbrella,” said Patrick Hassell, President, SolBright Renewable Energy . “With the support of Arkados management, and backed by Arkados’ Arktic™ software platform, SolBright is now strengthened and better positioned to execute on our $40 million project backlog. We expect to continue to grow our pipeline of business based on industry growth and our unique, Arktic™-based service offerings to drive meaningful revenue growth well into the future.” Mr. Streit has overseen the completion of more than 30 renewable projects across his many years of experience in the solar industry.  Prior to joining SolBright, he was previously the Founder of SC Solar Business Alliance and served as a Board Member of the South Carolina Solar Council.  Mr. Streit is a graduate of the University of Georgia with a degree in English and Economics. Mr. Kechijian has managed more than 34MW of solar installations from Hawaii to Sullivan’s Island, SC. His industry related certifications include NABCEP PV installer, NABCEP technical sales, and LEED AP.  Mr. Kechijian has a B.S. in Business Administration from the College of Charleston, Charleston, SC. Mr. Branham has more than 18 years of experience in construction and general contracting industries, with projects including energy generation, healthcare, retail, private office space, residential, and mixed-use construction. Completed in May 2017, the acquisition of the assets and business of SolBright Renewable Energy Inc. expanded Arkados’ energy solutions business into the rapidly growing renewable energy industry, with new customer opportunities for its cutting-edge Internet of Things solutions. At closing, SolBright had a backlog of approximately $40 million in distributed generation EPC (engineering, procurement and construction) projects as well as a substantial pipeline of additional projects throughout the Eastern United States. Arkados has two complementary business divisions: Arkados Inc. and SolBright Energy Solutions, LLC, formerly known as Arkados Energy Solutions, LLC. Arkados Inc. is a research and development subsidiary and designer of the Arktic™ software platform, designed to drive the Industrial Internet of Things , integrated with sensors, gateways, video cameras, appliances, and other devices. SolBright Energy Solutions is focused on energy conservation and management services and solutions to commercial and industrial buildings in the eastern U.S. More information is available at www.arkadosgroup.com. This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to the acquisition and integration of the Solbright assets, risks related to our growth strategy; risks relating to the results of research and development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; uncertainties relating to preclinical and clinical testing; our dependence on third-party suppliers; our ability to attract, integrate, and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.


News Article | June 1, 2017
Site: globenewswire.com

WASHINGTON and NEWARK, N.J., June 01, 2017 (GLOBE NEWSWIRE) -- Cyber security disrupter infOsci today announced a joint development partnership with Arkados Group, Inc. (OTC:AKDS), a leading software developer and system integrator enabling Internet of Things (IoT) applications, whereby Arkados will pilot infOsci’s revolutionary security technology in conjunction with various commercial and industrial applications.   This partnership will allow Arkados to pilot infOsci’s revolutionary technology within their system prior to public release, giving Arkados’ customers early access to the future of cyber security. "It is time to come to grips with reality – current information security systems are not working," said infOsci founder John Ellingson. "Arkados' customers will be among the first users to experience a cyber security regime that fundamentally changes how their information is secured." Despite spending billions annually, data beaches are increasing in both size and frequency. The conventional approach for the last forty years has been focused on using secrecy and complexity to keep enemies outside of systems. The infOsci approach is to assume that credentials can be compromised, and instead create a digital certificate and PKI system that is dynamic from end-to-end. This patent pending method provides two-way certificate based authentication to the endpoint including mobile devices and the Internet of Things . ”We are extremely excited about this partnership with infOsci,” stated Terrence DeFranco, CEO of Arkados.  “Our scalable and interoperable solutions gather and analyze sensitive customer data to help customers save money by reducing energy and maintenance costs.  The Internet of Things brings great value, but connected systems increasingly demand more robust security measures to preserve that value.   We believe that this development partnership with infOsci will yield extraordinary results by bringing state-of-the-art security to our Industrial IoT solutions and protect our customers’ most valued assets.” The current cyber security paradigm is focused on making the “fortress” stronger - stronger encryption, better passwords, better firewalls, and more complex technology to keep attackers out, but oftentimes, enemies are using the credentials of those already "within" the "fortress." As a result, a single point of failure can cost an organization millions - and the average organization suffers at least one major failure per year. More than 60% of cyber security breaches have been a result of the unauthorized use of trusted credentials, including user IDs, passwords, and private keys. No matter how strong or complex, in the hands of an attacker, they convey all the authority of the legitimate holder of the credential. infOsci’s technology provides companies with cyber resilience by replacing obsolete and insecure digital certificates (SSL) with dynamic certificates. This constantly changing dynamic information protects the security architecture and provides security even in an environment where user credentials have been or will be stolen or compromised. infOsci’s patent pending intellectual property can be licensed and easily deployed within a company’s existing cyber security infrastructure. The infOsci process uses the current digital certificate and login process, and replaces the broken Secure Socket Layer (SSL) that is the obsolete underlying infrastructure security. infOsci is a disruptive technology company with deep roots in the intelligence community and information security that has developed the future of cyber security, by creating a truly secure authentication method between devices. This technology will provide companies with cyber resilience by replacing obsolete and insecure digital certificates (SSL) with dynamic certificates. This constantly changing dynamic information protects the security architecture and provides security even in an environment where user credentials have been or will be stolen or compromised. Arkados Group, Inc. (“Arkados” or the “Company”), through its subsidiaries, is a provider of scalable and interoperable Internet of Things solutions focused on industrial automation and energy management.  We execute our business as a software-as-a-service (SaaS) application developer and energy services firm that helps commercial and industrial facilities owners and managers leverage the Internet of Things to reduce costs and improve productivity with unique, cutting-edge building and machine automation solutions. The Company’s Arktic™ software platform is a scalable and interoperable cloud-based system for sensing, gathering, storing, analyzing data as well as reporting critical information and implementing command and control.  Our applications currently focus on measurement and verification and predictive analytic and are delivered to customers as a complement to our services business, which focuses primarily on reducing energy costs through solar PV, LED lighting and other energy conservation services for the commercial and industrial facilities market. More information is available at our web site at www.arkadosgroup.com.


News Article | June 1, 2017
Site: globenewswire.com

WASHINGTON and NEWARK, N.J., June 01, 2017 (GLOBE NEWSWIRE) -- Cyber security disrupter infOsci today announced a joint development partnership with Arkados Group, Inc. (OTC:AKDS), a leading software developer and system integrator enabling Internet of Things (IoT) applications, whereby Arkados will pilot infOsci’s revolutionary security technology in conjunction with various commercial and industrial applications.   This partnership will allow Arkados to pilot infOsci’s revolutionary technology within their system prior to public release, giving Arkados’ customers early access to the future of cyber security. "It is time to come to grips with reality – current information security systems are not working," said infOsci founder John Ellingson. "Arkados' customers will be among the first users to experience a cyber security regime that fundamentally changes how their information is secured." Despite spending billions annually, data beaches are increasing in both size and frequency. The conventional approach for the last forty years has been focused on using secrecy and complexity to keep enemies outside of systems. The infOsci approach is to assume that credentials can be compromised, and instead create a digital certificate and PKI system that is dynamic from end-to-end. This patent pending method provides two-way certificate based authentication to the endpoint including mobile devices and the Internet of Things . ”We are extremely excited about this partnership with infOsci,” stated Terrence DeFranco, CEO of Arkados.  “Our scalable and interoperable solutions gather and analyze sensitive customer data to help customers save money by reducing energy and maintenance costs.  The Internet of Things brings great value, but connected systems increasingly demand more robust security measures to preserve that value.   We believe that this development partnership with infOsci will yield extraordinary results by bringing state-of-the-art security to our Industrial IoT solutions and protect our customers’ most valued assets.” The current cyber security paradigm is focused on making the “fortress” stronger - stronger encryption, better passwords, better firewalls, and more complex technology to keep attackers out, but oftentimes, enemies are using the credentials of those already "within" the "fortress." As a result, a single point of failure can cost an organization millions - and the average organization suffers at least one major failure per year. More than 60% of cyber security breaches have been a result of the unauthorized use of trusted credentials, including user IDs, passwords, and private keys. No matter how strong or complex, in the hands of an attacker, they convey all the authority of the legitimate holder of the credential. infOsci’s technology provides companies with cyber resilience by replacing obsolete and insecure digital certificates (SSL) with dynamic certificates. This constantly changing dynamic information protects the security architecture and provides security even in an environment where user credentials have been or will be stolen or compromised. infOsci’s patent pending intellectual property can be licensed and easily deployed within a company’s existing cyber security infrastructure. The infOsci process uses the current digital certificate and login process, and replaces the broken Secure Socket Layer (SSL) that is the obsolete underlying infrastructure security. infOsci is a disruptive technology company with deep roots in the intelligence community and information security that has developed the future of cyber security, by creating a truly secure authentication method between devices. This technology will provide companies with cyber resilience by replacing obsolete and insecure digital certificates (SSL) with dynamic certificates. This constantly changing dynamic information protects the security architecture and provides security even in an environment where user credentials have been or will be stolen or compromised. Arkados Group, Inc. (“Arkados” or the “Company”), through its subsidiaries, is a provider of scalable and interoperable Internet of Things solutions focused on industrial automation and energy management.  We execute our business as a software-as-a-service (SaaS) application developer and energy services firm that helps commercial and industrial facilities owners and managers leverage the Internet of Things to reduce costs and improve productivity with unique, cutting-edge building and machine automation solutions. The Company’s Arktic™ software platform is a scalable and interoperable cloud-based system for sensing, gathering, storing, analyzing data as well as reporting critical information and implementing command and control.  Our applications currently focus on measurement and verification and predictive analytic and are delivered to customers as a complement to our services business, which focuses primarily on reducing energy costs through solar PV, LED lighting and other energy conservation services for the commercial and industrial facilities market. More information is available at our web site at www.arkadosgroup.com.


News Article | June 1, 2017
Site: globenewswire.com

WASHINGTON and NEWARK, N.J., June 01, 2017 (GLOBE NEWSWIRE) -- Cyber security disrupter infOsci today announced a joint development partnership with Arkados Group, Inc. (OTC:AKDS), a leading software developer and system integrator enabling Internet of Things (IoT) applications, whereby Arkados will pilot infOsci’s revolutionary security technology in conjunction with various commercial and industrial applications.   This partnership will allow Arkados to pilot infOsci’s revolutionary technology within their system prior to public release, giving Arkados’ customers early access to the future of cyber security. "It is time to come to grips with reality – current information security systems are not working," said infOsci founder John Ellingson. "Arkados' customers will be among the first users to experience a cyber security regime that fundamentally changes how their information is secured." Despite spending billions annually, data beaches are increasing in both size and frequency. The conventional approach for the last forty years has been focused on using secrecy and complexity to keep enemies outside of systems. The infOsci approach is to assume that credentials can be compromised, and instead create a digital certificate and PKI system that is dynamic from end-to-end. This patent pending method provides two-way certificate based authentication to the endpoint including mobile devices and the Internet of Things . ”We are extremely excited about this partnership with infOsci,” stated Terrence DeFranco, CEO of Arkados.  “Our scalable and interoperable solutions gather and analyze sensitive customer data to help customers save money by reducing energy and maintenance costs.  The Internet of Things brings great value, but connected systems increasingly demand more robust security measures to preserve that value.   We believe that this development partnership with infOsci will yield extraordinary results by bringing state-of-the-art security to our Industrial IoT solutions and protect our customers’ most valued assets.” The current cyber security paradigm is focused on making the “fortress” stronger - stronger encryption, better passwords, better firewalls, and more complex technology to keep attackers out, but oftentimes, enemies are using the credentials of those already "within" the "fortress." As a result, a single point of failure can cost an organization millions - and the average organization suffers at least one major failure per year. More than 60% of cyber security breaches have been a result of the unauthorized use of trusted credentials, including user IDs, passwords, and private keys. No matter how strong or complex, in the hands of an attacker, they convey all the authority of the legitimate holder of the credential. infOsci’s technology provides companies with cyber resilience by replacing obsolete and insecure digital certificates (SSL) with dynamic certificates. This constantly changing dynamic information protects the security architecture and provides security even in an environment where user credentials have been or will be stolen or compromised. infOsci’s patent pending intellectual property can be licensed and easily deployed within a company’s existing cyber security infrastructure. The infOsci process uses the current digital certificate and login process, and replaces the broken Secure Socket Layer (SSL) that is the obsolete underlying infrastructure security. infOsci is a disruptive technology company with deep roots in the intelligence community and information security that has developed the future of cyber security, by creating a truly secure authentication method between devices. This technology will provide companies with cyber resilience by replacing obsolete and insecure digital certificates (SSL) with dynamic certificates. This constantly changing dynamic information protects the security architecture and provides security even in an environment where user credentials have been or will be stolen or compromised. Arkados Group, Inc. (“Arkados” or the “Company”), through its subsidiaries, is a provider of scalable and interoperable Internet of Things solutions focused on industrial automation and energy management.  We execute our business as a software-as-a-service (SaaS) application developer and energy services firm that helps commercial and industrial facilities owners and managers leverage the Internet of Things to reduce costs and improve productivity with unique, cutting-edge building and machine automation solutions. The Company’s Arktic™ software platform is a scalable and interoperable cloud-based system for sensing, gathering, storing, analyzing data as well as reporting critical information and implementing command and control.  Our applications currently focus on measurement and verification and predictive analytic and are delivered to customers as a complement to our services business, which focuses primarily on reducing energy costs through solar PV, LED lighting and other energy conservation services for the commercial and industrial facilities market. More information is available at our web site at www.arkadosgroup.com.


News Article | June 22, 2017
Site: www.accesswire.com

NEW YORK, NY / ACCESSWIRE / June 22, 2017 / JGR Capital Partners, a leading equity research firm, has announced it has initiated coverage on Arkados Group, Inc. (OTC PINK: AKDS) with a base case financial valuation of $1.13 per share. The full report can be found here: AKDS Initiation. Arkados Group, Inc., through its subsidiaries, is a global provider of scalable and interoperable Industrial Internet of Things (IoT) solutions that help customers increase efficiency and reduce cost. The company offers cutting-edge solutions, focused on industrial automation and energy management, comprised of our software and hardware platforms that enable advanced machine to machine communication. Strategic business synergies provide comprehensive energy management. According to the US Environmental Protection Agency estimates, American businesses can reduce on average 30% of their energy use by correcting physical inefficiencies in the areas of lighting, boiler and combined heat and power systems, and industrial machinery. AES benefits the businesses overseeing physical retrofitting of buildings to upgrade the energy assets, implementing the most energy- and cost-efficient solutions in lighting, heating, power, and other industrial machinery. Simultaneously, Arkados software helps to further improve efficiencies through innovative energy management, controlling, and monitoring of these assets. Arkados software technology enables smart monitoring of devices, energy management, and intelligent control through cloud services (IoT), which is ideal for Smart Manufacturing, Smart Building, and Smart Machine operations. Green building initiatives bode well for Arkados. According to a Forbes study, commercial building owners and managers will invest an estimated $960bn globally between now and 2023 on green building in areas including energy-efficient heating, ventilation and air conditioning, windows, lighting, plumbing fixtures, and other key technologies. Arkados is well positioned to benefit from huge market demand for energy efficient and environmental friendly buildings, given its unique business synergies being a software developer as well as system integrator. The company is a viable acquisition target. With its well-crafted business divisions and strategic positioning within the growing energy conservation and IoT industries, Arkados also emerges as a lucrative acquisition target. On one hand, it offers energy conservation technology as well as a deeper collaboration through IoT software for energy services companies; on the other hand, it offers its energy connections to monetize IoT software business for IoT solution companies. Moreover, Arkados can prove to be a value addition for the service divisions of companies involved in designing, manufacturing and selling of energy and related equipment. The acquisition market is hot for such businesses; GE-backed Current acquired networked building firm Daintree Networks for $77mn last year. For any large company, Arkados is an attractive buy being a small company that provides significant value in its unique business strategy, strong IP, growing client base, and strategic partnerships, in addition to having an experienced management team. SolBright acquisition brings synergies and open up further synergistic opportunities. In May 2017, the Company completed its acquisition of SolBright Renewable Energy , LLC, a leading designer and developer of Solar Energy systems for $15mn. This transaction bodes well for Arkados' growth story, allowing it to expand its AES business, which has similar offerings, into the rapidly growing renewables energy industry. SolBright's $40mn in distributed generation EPC projects backlog and growing pipeline will not only add to Arkados' future revenues, but also open up customer expansion opportunities for its IoT solutions. JGR Capital Partners LLC is being compensated by the Arkados for producing research materials regarding Arkados and its securities. Payment is made in cash and is billed annually. As of 06/16/2017 the issuer had paid us $10,000 for its services, which commenced June 2017. Additional fees may have accrued since then. Disclosures pertaining to this report can be found at www.jgrcapitalpartners.com. Arkados' core strengths lie in our world-class expertise in software design and system integration, our experienced management team, our strong intellectual property portfolio, our flexible, scalable approach, our multi-national partnerships, our direct access to top-tier customers, as well as valuable channel and OEM partners, and unwavering commitment to collaboration and to doing more with less.More information on Arkados Group can be found at arkadosgroup.com. JGR Capital Partners is an international equity research and digital investor relations firm that focuses on companies under $2 billion in market capitalization. The firm is headquartered in New York City, with affiliate offices in Los Angeles, Sao Paulo, and Shanghai. Our team of experienced analysts form investment theses based on company and sector expertise, with a strict focus on fundamentals and valuation. For more information on JGR Capital Partner's, visit our website at www.jgrcapitalpartners.com.


News Article | November 2, 2016
Site: globenewswire.com

NEWARK, N.J., Nov. 02, 2016 (GLOBE NEWSWIRE) -- Arkados Group, Inc. (OTCQB:AKDS), a global provider of scalable and interoperable Internet of Things (IoT) solutions focused on industrial automation and energy management, today announced and commented on the Company’s consolidated financial and operational results for the fiscal first quarter 2017 ending on August 31, 2016. Financial and Operational Highlights for the Three Months Ended August 31, 2016: “We are very pleased with our first quarter results. Our financial performance continues to improve with extraordinary year-over-year revenue growth and an expansion of our services, products and customer base.  In Fiscal Year 2017 we expect to continue to expand our services business with additional, value-add offerings, and introduce new, cutting-edge technology products, both with the goal of reducing cost and improving productivity for our commercial and industrial customers. The forthcoming products will run on our recently released Arktic software platform and leverage the unique scalability and interoperability that commercial applications demand. We look forward to a very successful year and to further establishing Arkados as a leading provider of Industrial Internet of Things solutions for smart building, smart city and smart machine applications.” The Company’s Quarterly Report on Form 10-Q for the quarter ended August 31, 2016 is on file with Securities and Exchange Commission. To access the report visit http://ir.arkadosgroup.com/. The Industrial Internet of Things is an explosive opportunity according to research firm Markets and Markets, which projects the IIoT market size to reach $151 billion by 2020 and just the smart building segment to reach $24 billion. In a November 2015 press release, Gartner estimates that the Internet of Things will support total professional services (defined as external providers that design, install and operate IoT systems for businesses under contract) spending of $235 billion in 2016, up 22% from 2015, and that connectivity services (through communications service providers) and consumer services will grow at an even faster pace. Another more recent Gartner report estimates IoT deployment in commercial buildings is on track to reach just over 1 billion in 2018. Verizon’s The Internet of Things 2015 report revealed that among organizations having integrated IoT into their operations, 82% reported increased efficiency; 49% saw enhancements in product quality; and 45% claimed IoT technology has increased customer satisfaction. Arkados Group, Inc. through its subsidiaries is a global provider of scalable and interoperable Internet of Things  (IoT) solutions focused on industrial automation and energy management. The Company’s solutions are uniquely designed to drive a wide variety of wireless and powerline communication (PLC)-based products, such as sensors, gateways, video cameras, appliances and other devices. By utilizing the Company’s solutions, Arkados’ customers can bring numerous sophisticated, full-featured products to market faster at a lower overall development cost.  Arkados® is a registered trademark of Arkados Group, Inc. For more information about Arkados, please visit us at http://www.arkadosgroup.com, and follow us on Facebook, LinkedIn, Twitter and Google+. This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts.  These statements are subject to uncertainties and risks including, but not limited to, insufficient working capital, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by this cautionary statement and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.


NEWARK, N.J., Feb. 15, 2017 (GLOBE NEWSWIRE) -- Arkados Group, Inc. (OTC:AKDS), a leading software developer and system integrator enabling Internet of Things (IoT) applications, announced today that it has partnered with SparkFund to offer commercial and industrial facilities managers and owners a unique subscription model for energy conservation services.  Through the As-A-Service model, the large capital expenditure associated with energy conservation measures, such as an LED lighting retrofit, is converted into a no-money-down subscription service.  The benefits of this model include a reduction in upfront costs, a reduction in operations and maintenance costs and protection from obsolete materials.   Additionally, the ArkticTM Energy Measurement and Verification (EM&V) platform by Arkados is embedded with this subscription model to provide verification of energy savings with granular, real-time data gathering and provide insights into additional ways to reduce energy consumption. The introduction of the As-A-Service model is unique in that it revolutionizes how customers pay for energy conservation by eliminating the upfront cost associated with these activities, provides for a single monthly payment that covers installation, repairs, monitoring and ongoing service.  Within this model, the ArkticTM EM&V platform offers customers a state-of-the-art, advanced Internet of Things platform that leverages data gathering and analytics to further reduce energy consumption. When combined, customers enjoy reduced energy consumption and maintenance costs of as much as 60%, as well as facility improvements from new and improved lighting, HVAC and other critical systems and advanced building automation. The Arktic™ EM&V is designed to enable the implementation of multiple types of sensors, such as temperature, humidity, light, energy and water consumption, motion and occupancy, indoor air quality and noise, that can gather information throughout a building or complex. The application can provide for initial benchmarking to determine the unique building signature and be used for continuous monitoring to yield insights that may not otherwise be evident.  The benefits of the Arktic™ EM&V, which is based on the principals of the International Performance M&V Protocol, are energy cost reduction, improvements in environmental conditions, increased sustainability, lowered operational and maintenance costs and an extended useful life of lighting, HVAC and other systems. Terrence DeFranco, Chief Executive Officer of Arkados Group, Inc., commented, “We are excited about the partnership with SparkFund and believe that they are truly revolutionizing the entire energy efficiency industry with their unique Energy Efficiency As-A-Service model.  In nearly every case, customers can experience all of the benefits of these efficiency improvements and automation with no upfront costs and use the savings to offset the entire subscription fee and still net a cost reduction.  The revolutionary aspect of this partnership for Arkados is our ability to continue delivering new applications over time to our customers with this model, giving them flexibility, scalability and protection from obsolescence as their needs evolve. These benefits will give Arkados a great competitive advantage in the market and will help to drive improved financial results through the recurring revenue aspect of this model.” “As-A-Service offers businesses an easy solution to access smart, connected systems without the risk or hassle of ownership," said Pier LaFarge, SparkFund CEO and co-founder. "We're pleased to partner with the Arkados team and support them in bringing commercial and industrial customers greater access to cutting-edge IoT devices.” In a November 2015 press release, Gartner estimates that the Internet of Things will consist of 20.8 billion connected objects in use by 2020, up from 6.4 billion in 2016 and that enterprise customers represent the largest spending on these devices.  Another more recent Gartner report estimates IoT deployment in commercial buildings is on track to reach just over 1 billion in 2018. According to Goldman Sachs report from September, 2014, there are currently 12 billion devices connected to the Internet of Things and the amount can surge to 28 billion by 2020, largely driven by advances in cellular connectivity. About Arkados Group, Inc. Arkados Group, Inc. (the “Company”) through its subsidiaries, is a leading software development and system integrator enabling Internet of Things applications for home and building automation and energy management. The Company's solutions are uniquely designed to drive a wide variety of wireless and powerline communication (PLC)-based products, such as sensors, gateways, video cameras, appliances and other devices. By utilizing the Company's solutions, Arkados' customers can bring numerous sophisticated, full-featured products to market faster at a lower overall development cost.  Arkados® is a registered trademark of Arkados Group, Inc. For more information about Arkados, please visit: http://www.arkadosgroup.com. About SparkFund SparkFund is a financial technology company that brings organizations a new, simpler way to access energy efficient products and services. We partner with contractors, ESCOs, manufacturers, utilities, and retail energy providers to offer lighting and other smart, interconnected technologies "As-A-Service", and in some cases through loans or leases. SparkFund is driving adoption of energy efficiency in commercial spaces with all-inclusive energy solutions that customers can easily understand and sign up for. SparkFund is based in Washington, DC and believes that building scalable, market-driven solutions to our society's greatest challenges is the best way to enact change. www.sparkfund.com Forward-Looking Statements This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts.  These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the Company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by this cautionary statement and any other cautionary statements which may accompany the forward-looking statements. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. More information on potential factors that could affect the Company’s financial results is included from time to time in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s public reports filed with the SEC.


NEWARK, N.J., Nov. 17, 2016 (GLOBE NEWSWIRE) -- Arkados Group, Inc. (OTC:AKDS), a leading software developer and system integrator enabling Internet of Things ("IoT") applications, today announced that the Company has signed an agreement with Airfi Networks (“Airfi”) to integrate Airfi’s advanced cellular connectivity solutions via SIMs, connected network and machine-to-machine (M2M) communication platform, into customer devices and systems that require around the clock communication, monitoring and data gathering such as machine management and measurement and verification, just to name a few. Airfi’s M2M platform has simple APIs and a web based portal for the management of devices and SIM cards worldwide. Network access is managed centrally and SIMs are updated over the air for seamless network access. Once a SIM is integrated into a system, the customers’ mobile devices will then be able to establish communication between the system and the customers’ chosen central application servers using Airfi’s SIM and connected networks, and transmit data on the system almost immediately. Terrence DeFranco, Chief Executive Officer of Arkados Group, Inc., commented,” Airfi is an affordable, trusted provider of managed cellular connectivity solutions for IoT globally, and our top choice as a partner. In over 206 countries and with over 450 networks worldwide, not only is their platform more affordable than the rest, Airfi is known to work well with their technology partners and manufacturers to bring great connectivity, service and support to customers. We couldn’t be more pleased to work with their superior engineering and support teams, and to continue delivering only the best-in-class M2M communication and IoT solutions to our commercial customers’ devices and systems at the lowest possible cost.  We believe that the addition of cellular communication to our portfolio of capabilities can drive significant sales of our Industrial Internet of Things solutions.” In a November 2015 press release, Gartner estimates that the  Internet of Things  (IoT) will support total professional services (defined as external providers that design, install and operate IoT systems for businesses under contract) spending of $235 billion in 2016, up 22% from 2015, and that connectivity services (through communications service providers) and consumer services will grow at an even faster pace. Another more recent Gartner report estimates IoT deployment in commercial buildings is on track to reach just over 1 billion in 2018. According to Goldman Sachs, there are currently 12 billion devices connected to the Internet of Things and the amount can surge to 30 billion by 2020, largely driven by advances in cellular connectivity. About Arkados Group, Inc. Arkados Group, Inc. through its subsidiaries, is a leading software development and system integrator enabling Internet of Things applications for home and building automation and energy management. The Company's solutions are uniquely designed to drive a wide variety of wireless and powerline communication (PLC)-based products, such as sensors, gateways, video cameras, appliances and other devices. By utilizing the Company's solutions, Arkados' customers can bring numerous sophisticated, full-featured products to market faster at a lower overall development cost.  Arkados® is a registered trademark of Arkados Group, Inc. For more information about Arkados, please visit: http://www.arkadosgroup.com. Forward-Looking Statements This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts.  These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by this cautionary statement and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

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