News Article | May 26, 2017
CAMBRIDGE, United Kingdom, 26th May 2017 - UltraSoC today announces the completion of a £5m ($6.4m) funding round to drive continued deployment of its technology and realize its vision of embedding intelligent analytics capabilities into every chip. Atlante Tech leads a strong line up of new investors including Enso Ventures, Oxford Capital, and successful CEO and serial entrepreneur Guillaume d'Eyssautier, who join existing investors Octopus Ventures and South East Seed Fund (FSE Group). “Hard tech is back in favor with the UK and global investment community, with recent funding for Ultrahaptics, Graphcore and SiFive (a fellow RISC-V proponent), plus successful exits at Movidius and Mobileye,” said Rupert Baines, UltraSoC CEO. “Our investors are excited by the potential of UltraSoC’s technology and are committed to supporting our aim of putting intelligent analytics into every chip.” As part of the funding, Miles Kirby of Oxford, Kirill Mudryy of Enso and Alvise Bonivento of Atlante will join the UltraSoC board, alongside existing investor representative Luke Hakes (Octopus), board Chair Chris Gilbert and non-executive director Chris Wade. UltraSoC’s semiconductor intellectual property (SIP) enables designers to easily and cost-effectively create complex SoCs (systems on chip) with built-in intelligence that continuously monitors and responds to real-world behavior. This allows SoCs to optimize power consumption and performance and deal with security threats or safety breaches. Successful development of the company’s debug tools and increased awareness of the technology’s potential benefits has meant a series of significant commercial engagements, with more in the pipeline. Amongst others, HiSilicon (Huawei), Imagination Technologies, Movidius (now Intel), and Microsemi all use UltraSoC technology in their designs, delivering proven hardware-embedded benefits to their customers. To ensure these benefits are accessible to customers in all sectors across the globe, UltraSoC partners with leading names in the semiconductor industry including ARM, Baysand, Cadence/Tensilica, CEVA, Codasip, Lauterbach, MIPS and Teledyne LeCroy. The significant line-up of new and existing investors in this funding round reflects the company’s growing commercial traction and technological progress. Likewise, the company’s potential is being realized as the need for safety, security and performance-tuning becomes critical. Embedded analytics allows the chip to monitor and optimize its own behavior at a hardware level; and provides insights that enable engineers to make improvements and fix problems. The same technology can detect evolving real-world threats and problems – for instance those caused by malicious attacks. These features benefit any electronic system, but are particularly attractive in the automotive and high-performance computing (HPC) sectors. The investment in UltraSoC also reflects changes taking place in market areas where embedded analytics offers chip makers and their customers a distinct competitive advantage. Dr. Alvise Bonivento of lead investor Atlante Tech commented on this point: “UltraSoC has a great team, technology and substantial commercial traction. The time is right for UltraSoC’s embedded intelligence to make a significant difference to mass market and mission critical applications.” UltraSoC chairman, Chris Gilbert, commented: “We are delighted to receive the backing of prominent industry figures and distinguished investors like Atlante, Enso and Oxford, as we take UltraSoC to the next level of success. It’s great to welcome these new investors on board, and we are delighted to retain the support of our existing backers Octopus Ventures and the FSE Group’s South East Seed Fund.” Kirill Mudryy, Partner at Enso Ventures, added: “We at Enso Ventures are always looking to support companies that have innovative and truly disruptive technology. That is why we are delighted to add UltraSoC to our portfolio.” UltraSoC was named one of the 100 most exciting companies in the UK in the 2016 Mishcon de Reya CityAM “Leap 100” list, and nominated by Gartner as one of its 2016 “Cool Vendors”. It was recognized as “Best New Company” in the 2015 ELEKTRA Awards. UltraSoC’s flagship product line is a suite of semiconductor IP that allows chip designers to integrate an intelligent analytics infrastructure into the core hardware of their devices. By monitoring and analyzing the real-world behavior of entire systems via UltraSoC’s intelligent analytics embedded in the silicon, engineers can take action to reduce system power consumption, increase performance, protect against malicious intrusions, and ensure product safety. These capabilities address applications in a broad range of market sectors, from automotive and IoT products, to at-scale computing and communications infrastructure. Silverpeak, the technology investment bank, acted as exclusive financial advisor to UltraSoC in the transaction. About UltraSoC UltraSoC is an independent provider of SoC infrastructure that enables rapid development of embedded systems based on advanced SoC devices. The company is headquartered in Cambridge, United Kingdom. For more information visit www.ultrasoc.com About Atlante Tech Atlante Tech is a new fund promoted by IMI Fondi Chiusi Sgr SpA dedicated to investing in high tech start-ups with high growth potential especially in electronics, embedded systems, big data, medical technologies, and cleantech. Atlante Tech relies on the experience of the other funds of the Atlante family (Atlante Ventures, Atlante Seed, Atlante Ventures Mezzogiorno) that are among the most active Italian VC investors both in terms of number of investments and in terms of exits and IPOs. Atlante Tech has recently reached its first closing at 30M € (subscribed by Intesa Sanpaolo group) and is currently raising other capital on the market with the goal of reaching 120M€. About Enso Ventures Enso Ventures is a venture capital firm that specializes in making selective investments in groundbreaking, high-technology and bio-tech companies. Enso Ventures provides the required capital along with leadership and industry expertise with a clear focus on technology acceleration and commercial development to promote faster growth. The focus is on disruptive technology platforms in high growth market segments, products addressing unmet global market needs with the potential to become market leaders. Enso Ventures has offices in London and New York. About Octopus Ventures Octopus Ventures is a London and New York based venture capital firm, focused on identifying unusually talented entrepreneurs. In recent years we have been fortunate to back the founding teams of over 60 companies, including Conversocial, graze.com, LoveFiLM, Property Partner, Secret Escapes, Sofar Sounds, Swiftkey, Swoon Editions, Uniplaces, tails.com, Zoopla Property Group and Zynstra. We can invest from £250,000 to £25 million in a first round of funding and will look to follow in subsequent rounds. We are proud to be known as one of the most entrepreneur friendly investors in Europe and a significant part of our portfolio consists of referrals from teams we have already invested in or serial entrepreneurs who we have previously backed. Octopus Ventures is part of the Octopus group. Octopus is a fast-growing UK fund management business with leading positions in several specialist sectors including property finance, healthcare, energy and smaller company investing. Founded in 2000, Octopus manages more than £6 billion of funds on behalf of 50,000 investors. www.octopusventures.com About Oxford Capital Oxford Capital has been making venture capital investments since 1999. Our London-based ventures team has more than 70 years of combined experience, gained at leading investors including Qualcomm, HG Capital, DN Capital, Draper Esprit and Arma Partners. We invest in early-stage businesses and we want to back entrepreneurs who are trying to solve big problems in innovative ways. We aim to invest in sectors where the UK has the potential to lead the world. Current areas of interest include Software-as-a-Service, marketplaces, mobility, gaming, fintech, digital health, machine learning and artificial intelligence www.oxcp.com About The South East Seed Fund The South East Seed Fund is managed by The FSE Group, a regional funding organisation, backed by BIS and privately governed. With access to a breadth of public and private resources, FSE specialises in the identification, funding and development of ambitious businesses with high growth potential. By providing a unique funding service to these companies across the South East, FSE helps them grow through direct investment. The South East Seed Fund has directly invested £5m in SE companies and has helped them raise a further £100m http://www.thefsegroup.com/south-east-seed-fund/
News Article | April 21, 2017
Wiseguyreports.Com Adds “Freight Management System -Market Demand, Growth, Opportunities and Analysis of Top Key Player Forecast To 2022” To Its Research Database This report studies Freight Management System in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with Production, price, revenue and market share for each manufacturer, covering Accenture CEVA Logistics JDA Software Group Kuehne + Nagel International SNCF Geodis Agility DB Schenker DSV EDI International Freight Management HYUNDAI Merchant Marine Interactive Freight Systems Logistics Management Solutions Northline P&O Ferrymasters QAD Retalix Surround Technologies UPS Werner Enterprises Market Segment by Regions, this report splits Global into several key Region, with production, consumption, revenue, market share and growth rate of Freight Management System in these regions, from 2011 to 2021 (forecast), like Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into Type I Type II Type III Split by application, this report focuses on consumption, market share and growth rate of Freight Management System in each application, can be divided into Application 1 Application 2 Application 3 Global Freight Management System Market Research Report 2021 1 Freight Management System Overview 1.1 Product Overview and Scope of Freight Management System 1.2 Freight Management System Segment by Types 1.2.1 Global Production Market Share of Freight Management System by Type in 2015 1.2.2 Type I Overview and Price 22.214.171.124 Type I Overview 126.96.36.199 Type I Price List in 2015 and 2016 1.2.3 Type II 188.8.131.52 Type I Overview 184.108.40.206 Type I Price List in 2015 and 2016 1.2.4 Type III 220.127.116.11 Type I Overview 18.104.22.168 Type I Price List in 2015 and 2016 1.3 Freight Management System Segment by Application 1.3.1 Freight Management System Consumption Market Share by Application in 2015 1.3.2 Application 1 and Major Clients (Buyers) List 1.3.3 Application 2 and Major Clients (Buyers) List 1.3.4 Application 3 and Major Clients (Buyers) List 1.4 Freight Management System Market by Region 1.4.1 North America Status and Prospect (2011-2021) 1.4.2 China Status and Prospect (2011-2021) 1.4.3 Europe Status and Prospect (2011-2021) 1.4.4 Japan Status and Prospect (2011-2021) 1.4.5 India Status and Prospect (2011-2021) 1.4.6 Southeast Asia Status and Prospect (2011-2021) 1.5 Global Market Size (Value and Volume) of Freight Management System (2011-2021) 1.5.1 Global Freight Management System Production and Revenue (2011-2021) 1.5.2 Global Freight Management System Production and Growth Rate (2011-2021) 1.5.3 Global Freight Management System Revenue and Growth Rate (2011-2021) 6 Global Freight Management System Manufacturers Analysis 6.1 Accenture 6.1.1 Company Basic Information, Manufacturing Base and Competitors 6.1.2 Freight Management System Product Type and Technology 22.214.171.124 Type I 126.96.36.199 Type II 188.8.131.52 Type III 6.1.3 Machinery & Equipment Production, Revenue, Price of Freight Management System (2015 and 2016) 6.2 CEVA Logistics 6.2.1 Company Basic Information, Manufacturing Base and Competitors 6.2.2 Freight Management System Product Type and Technology 184.108.40.206 Type I 220.127.116.11 Type II 18.104.22.168 Type III 6.2.3 CEVA Logistics Production, Revenue, Price of Freight Management System (2015 and 2016) 6.3 JDA Software Group 6.3.1 Company Basic Information, Manufacturing Base and Competitors 6.3.2 Freight Management System Product Type and Technology 22.214.171.124 Type I 126.96.36.199 Type II 188.8.131.52 Type III 6.3.3 JDA Software Group Production, Revenue, Price of Freight Management System (2015 and 2016) 6.4 Kuehne + Nagel International 6.4.1 Company Basic Information, Manufacturing Base and Competitors 6.4.2 Freight Management System Product Type and Technology 184.108.40.206 Type I 220.127.116.11 Type II 6.4.3 Kuehne + Nagel International Production, Revenue, Price of Freight Management System (2015 and 2016) 6.5 SNCF Geodis 6.5.1 Company Basic Information, Manufacturing Base and Competitors 6.5.2 Freight Management System Product Type and Technology 18.104.22.168 Type I 22.214.171.124 Type II 6.5.3 SNCF Geodis Production, Revenue, Price of Freight Management System (2015 and 2016) 6.6 Agility 6.6.1 Company Basic Information, Manufacturing Base and Competitors 6.6.2 Freight Management System Product Type and Technology 126.96.36.199 Type I 188.8.131.52 Type II 6.6.3 Agility Production, Revenue, Price of Freight Management System (2015 and 2016) 6.7 DB Schenker 6.7.1 Company Basic Information, Manufacturing Base and Competitors 6.7.2 Freight Management System Product Type and Technology 184.108.40.206 Type I 220.127.116.11 Type II 6.7.3 DB Schenker Production, Revenue, Price of Freight Management System (2015 and 2016) 6.8 DSV 6.8.1 Company Basic Information, Manufacturing Base and Competitors 6.8.2 Freight Management System Product Type and Technology 18.104.22.168 Type I 22.214.171.124 Type II 6.8.3 DSV Production, Revenue, Price of Freight Management System (2015 and 2016) 6.9 EDI International Freight Management 6.9.1 Company Basic Information, Manufacturing Base and Competitors 6.9.2 Freight Management System Product Type and Technology 126.96.36.199 Type I 188.8.131.52 Type II 6.9.3 EDI International Freight Management Production, Revenue, Price of Freight Management System (2015 and 2016) 6.10 HYUNDAI Merchant Marine 6.10.1 Company Basic Information, Manufacturing Base and Competitors 6.10.2 Freight Management System Product Type and Technology 184.108.40.206 Type I 220.127.116.11 Type II 6.10.3 HYUNDAI Merchant Marine Production, Revenue, Price of Freight Management System (2015 and 2016) 6.11 Interactive Freight Systems 6.12 Logistics Management Solutions 6.13 Northline 6.14 P&O Ferrymasters 6.15 QAD 6.16 Retalix 6.17 Surround Technologies 6.18 UPS 6.19 Werner Enterprises For more information, please visit https://www.wiseguyreports.com/sample-request/598429-global-freight-management-system-market-research-report-2021
News Article | April 17, 2017
— The global pharmaceutical warehousing market report analyst says the latest trend gaining momentum in the market is energy-efficient warehouses. Energy-efficient warehouses have improved operational efficiency with low operating costs. These warehouses provide highly innovative inventory tracking methods and value-added services, such as repackaging and quality control testing. Complete report on pharmaceutical warehousing market spread across 70 pages, analyzing 5 major companies and providing 39 data exhibits are now available at http://www.reportsnreports.com/reports/958272-global-pharmaceutical-warehousing-market-2017-2021.html According to the pharmaceutical warehousing market report, one of the major drivers for this market is increased demand for pharmaceutical products. Due to the rise in generic and branded drug production, improvement in drug research, availability of high-potency drugs, and innovation in drug manufacturing processes, there is an increased demand for pharmaceutical products worldwide. High-quality medicines available in local medical retail store outlets increase accessibility for the customers. The following companies as the key players in the global pharmaceutical warehousing market: Agility, DB Schenker, DHL, Kuehne+Nagel, and UPS. Other prominent vendors in the market are: BDP International, XPO Logistics, FedEx Supply Chain, GEODIS, CEVA Logistics, NFI, DSC Logistics, Penske Logistics, Hellmann Worldwide Logistics, BPL, Damco, DACHSER, Montreal Chemical Logistics, Atlanta Bonded Warehouse, Bender, Kenco, KRC Logistics, Lewis Storage & Distribution, and 3G Warehouse. Order a copy of Global Pharmaceutical Warehousing Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=958272 Global Pharmaceutical Warehousing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global pharmaceutical warehousing market for 2017-2021. To calculate the market size, the report considers the installations cold chain and non-cold chain warehouse services plants for pharmaceutical products across different geographical countries. Further, the report states that one of the major factors hindering the growth of this market is capital-intensive business. The global pharmaceutical warehousing market is capital-intensive and requires high capital infrastructure in terms of large storage space facilities. With the increase in demand for value-added services and specialized professional supply chain solutions in the logistics market, the industry is becoming highly competitive in terms of the pricing of services. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors? About Us: ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports. For more information, please visit http://www.reportsnreports.com/reports/958272-global-pharmaceutical-warehousing-market-2017-2021.html
News Article | February 27, 2017
Dublin, Feb. 27, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of SNS Research's new report "The VoLTE (Voice over LTE) Ecosystem: 2016 - 2030 - Opportunities, Challenges, Strategies & Forecasts" to their offering. The VoLTE (Voice over LTE) Ecosystem: 2016 - 2030 - Opportunities, Challenges, Strategies & Forecasts report presents an in-depth assessment of the VoLTE ecosystem including enabling technologies, key market drivers, challenges, collaborative initiatives, regulatory landscape, standardization, opportunities, operator case studies, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for VoLTE smartphone shipments, subscriptions, service revenue and infrastructure investments from 2016 till 2030. The forecasts cover 7 individual submarkets and 6 regions. VoLTE (Voice over LTE) technology allows a voice call to be placed over an LTE network, enabling mobile operators to reduce reliance on legacy circuit-switched networks. Powered by IMS (IP Multimedia Subsystem) architecture, VoLTE brings a host of benefits to operators ranging from the ability to refarm legacy 2G and 3G spectrum to offering their subscribers a differentiated service experience through capabilities such as HD voice and video telephony. First deployed by South Korean operators in 2012, VoLTE is beginning to gain momentum globally. As of Q4'2016, more than 80 mobile operators have commercially launched VoLTE services, and several roaming and interoperability agreements are already in place. Estimates suggest that VoLTE service revenue will grow at a CAGR of 34% between 2016 and 2020. By the end of 2020, VoLTE subscribers will account for more than $200 Billion in revenue. Although traditional voice services will constitute a major proportion of this figure, nearly 15% of the revenue will be driven by video calling and supplementary services. The report provides answers to the following key questions: - How big is the VoLTE opportunity? - What trends, challenges and barriers are influencing its growth? - How is the ecosystem evolving by segment and region? - What will the market size be in 2020 and at what rate will it grow? - Which regions and countries will see the highest percentage of growth? - How will VoLTE capable smartphone shipments grow over time? - Who are the key market players and what are their strategies? - How can VoLTE help operators in reducing the flow of voice subscribers to OTT application providers? - What are the prospects of Wi-Fi calling, RCS and WebRTC? - What much will operators invest in VoLTE service assurance solutions? - How can mobile operators and MVNOs capitalize on VoLTE to drive revenue growth? - How can VoLTE help operators in refarming their 2G and 3G spectrum assets? - What is the status of international roaming and VoLTE-to-VoLTE interconnection agreements? - What strategies should VoLTE solution providers and mobile operators adopt to remain competitive? Key Findings - Estimates suggest that by 2020 VoLTE services will account for over $200 Billion in annual service revenue, as mobile operators remain committed to VoLTE as the long term solution to secure a fully native IP-based telephony experience. - As the transition to VoLTE accelerates, mobile operators have already begun shutting down their legacy networks in a bid to reallocate additional spectrum to their LTE networks. - Japan and South Korea have already shut down their 2G networks, and multiple operators in other parts of the world, including the United States, are in the processing of switching off 2G services. Some operators, such as Telenor Norway, are seeking the closure of their 3G networks as early as 2020. - Nearly all VoLTE operators are integrating their VoLTE services with Wi-Fi calling in a bid to offer voice services in areas where their licensed spectrum coverage is limited. - The vendor ecosystem is continuing to consolidate with several acquisitions such as Sonus Networks' recent takeover of IP communications specialist Taqua. Key Topics Covered: 1: Introduction 1.1 Executive Summary 1.2 Topics Covered 1.3 Forecast Segmentation 1.4 Key Questions Answered 1.5 Key Findings 1.6 Methodology 1.7 Target Audience 1.8 Companies & Organizations Mentioned 2: An Overview of VoLTE 2.1 What is VoLTE? 2.2 Architectural Evolution of VoLTE 2.2.1 CSFB (Circuit-Switched Fallback): The First Step Towards VoLTE 2.2.2 The Push From CDMA Operators 2.2.3 Towards an IMS Based VoLTE Solution 2.2.4 SRVCC (Single Radio Voice Call Continuity) 2.2.5 Integrating Video Telephony 2.3 Key Enabling Technologies 2.3.1 VoLTE Infrastructure 18.104.22.168 IMS Core: CSCF, HSS, BGCF & MGCF 22.214.171.124 VoLTE Application Servers 126.96.36.199 SBC (Session Border Controller) 188.8.131.52 MRF (Media Resource Function) 184.108.40.206 PCRF (Policy and Charging Rules Function) 2.3.2 VoLTE Devices 2.3.3 Roaming & Interconnection Technology 220.127.116.11 LBO (Local Breakout) 18.104.22.168 S8HR (S8 Home Routing) 2.4 Market Growth Drivers 2.4.1 Spectral Efficiency & Cost Reduction 2.4.2 Enabling HD Voice, Video Calling & Rich IP Communications 2.4.3 Improved Battery Life 2.4.4 Integration with Wi-Fi: Enhanced Indoor Voice Coverage 2.4.5 Bundling Voice with Other Services 2.4.6 Fighting the OTT Threat 2.5 Market Barriers 2.5.1 Initial Lack of Compatible Devices 2.5.2 Roaming & Interconnect Issues 2.5.3 Limited Revenue Potential 2.5.4 Service Assurance Challenges 3: Collaboration, Standardization & Regulatory Landscape 3.1 3GPP (3rd Generation Partnership Project) 3.1.1 Release 8 3.1.2 Release 9 3.1.3 Release 10 3.1.4 Release 11 3.1.5 Release 12, 13 & Beyond 3.2 GSMA 3.2.1 Feature Requirements 22.214.171.124 IR.92: IMS Profile for Voice and SMS 126.96.36.199 IR.94: IMS Profile for Conversational Video Service 3.2.2 Roaming, Interworking & Other Guidelines 188.8.131.52 IR.64: IMS Service Centralization & Continuity Guidelines 184.108.40.206 IR.65: IMS Roaming & Interworking Guidelines 220.127.116.11 IR.88: LTE Roaming Guidelines 3.3 VoLTE Interworking Technology Consultation Group, Korea 4: VoLTE Deployment Case Studies 4.1 AT&T 4.2 China Mobile 4.3 DT (Deutsche Telekom) 4.4 Du (Emirates Integrated Telecommunications Company) 4.5 EE 4.6 KDDI Corporation 4.7 KT Corporation 4.8 LG Uplus 4.9 NTT DoCoMo 4.10 Orange 4.11 Reliance Jio Infocomm 4.12 Rogers Communications 4.13 Singtel Group 4.14 SK Telecom 4.15 SoftBank Group 4.16 Swisscom 4.17 Telefónica Group 4.18 Telstra 4.19 Verizon Communications 4.20 Vodafone Group 5: VoLTE Industry Roadmap & Value Chain 5.1 Industry Roadmap 5.1.1 2016 - 2020: Large Scale VoLTE Rollouts 5.1.2 2020 - 2025: Building New Services on VoLTE Architecture 5.1.3 2025 - 2030: Continued Investments with 5G Rollouts 5.2 Value Chain 5.2.1 Enabling Technology Providers 5.2.2 VoLTE & IMS Infrastructure Suppliers 5.2.3 VoLTE Device OEMs 5.2.4 Roaming, Billing & Supplementary Service Providers 5.2.5 Mobile Operators 5.2.6 Test, Measurement & Performance Specialists 6: Key Market Players 6.1 Accedian Networks 6.2 Affirmed Networks 6.3 ALEPO 6.4 Altair Semiconductor 6.5 Amdocs 6.6 Anritsu Corporation 6.7 Anritsu Corporation 6.8 Apple 6.9 Aptilo Networks 6.10 Aricent 6.11 Astellia 6.12 Asus (ASUSTeK Computer) 6.13 BICS 6.14 Broadcom 6.15 BroadSoft 6.16 BT Group 6.17 CCN (Cirrus Core Networks) 6.18 CellMining 6.19 Cellwize 6.20 CENX 6.21 CEVA 6.22 Cirpack 6.23 Cisco Systems 6.24 D2 Technologies 6.25 Dialogic Corporation 6.26 DigitalRoute 6.27 Ecrio 6.28 Empirix 6.29 Ericsson 6.30 EXFO 6.31 F5 Networks 6.32 Fujitsu 6.33 GCT Semiconductor 6.34 GENBAND 6.35 Gigamon 6.36 GL Communications 6.37 Hitachi 6.38 HPE (Hewlett Packard Enterprise) 6.39 HTC Corporation 6.40 Huawei 6.41 iBasis 6.42 IBM 6.43 Imagination Technologies 6.44 IMSWorkX 6.45 InfoVista 6.46 Intel Corporation 6.47 InterDigital 6.48 Interop Technologies 6.49 Iskratel 6.50 Italtel 6.51 Ixia 6.52 Keysight Technologies 6.53 Lenovo 6.54 LG Electronics 6.55 Metaswitch Networks 6.56 Mitel Networks Corporation 6.57 Mobileum 6.58 Monolith Software 6.59 Mushroom Networks 6.60 MYCOM OSI 6.61 Napatech 6.62 NEC Corporation 6.63 NetScout Systems 6.64 NewNet Communication Technologies 6.65 Nexus Telecom 6.66 Nokia Networks 6.67 NXP Semiconductors 6.68 OpenCloud 6.69 Openet 6.70 Optulink 6.71 Oracle Communications 6.72 Pantech 6.73 Polystar 6.74 Qualcomm 6.75 Quortus 6.76 RADCOM 6.77 Radisys Corporation 6.78 Redknee Solutions 6.79 Rohde & Schwarz 6.80 Samsung Electronics 6.81 Sandvine 6.82 Sansay 6.83 Sequans Communications 6.84 Sharp Corporation 6.85 SIGOS 6.86 Sonus Networks 6.87 Sony Mobile Communications 6.88 Spirent Communications 6.89 SPIRIT DSP 6.90 Spreadtrum Communications 6.91 Summit Tech 6.92 Syniverse 6.93 SysMech 6.94 TNS (Transaction Network Services) 6.95 Viavi Solutions 6.96 VMware 6.97 VoiceAge Corporation 6.98 Voipfuture 6.99 WIT Software 6.100 ZTE 7: Market Analysis & Forecasts 7.1 Global Outlook of VoLTE 7.2 VoLTE Subscriptions & Service Revenue 7.2.1 VoLTE Subscriptions 7.2.2 VoLTE Service Revenue 7.2.3 Segmentation by Application 7.2.4 Voice Telephony 7.2.5 Video & Supplementary Services 7.3 VoLTE Infrastructure 7.3.1 Segmentation by Submarket 7.3.2 CSCF Servers 7.3.3 SBCs 7.3.4 VoLTE Application Servers 7.3.5 Other IMS Elements (HSS, BGCF, MGCF & MRF) 7.3.6 VoLTE Capable PCRF Solutions 7.4 Segmentation by Region 7.4.1 Asia Pacific 7.4.2 Eastern Europe 7.4.3 Latin & Central America 7.4.4 Middle East & Africa 7.4.5 North America 7.4.6 Western Europe 8: Conclusion, Key Trends & Strategic Recommendations 8.1 Why is the Market Poised to Grow? 8.2 Competitive Industry Landscape: Acquisitions, Alliances & Consolidation 8.3 Geographic Outlook: Which Countries Offer the Highest Growth Potential? 8.4 Monetization: Can VoLTE Drive Revenue Growth? 8.5 Operator Branded OTT Services: Implications for VoLTE 8.6 Virtualization: Moving VoLTE to the Cloud 8.7 Growing Investments in VoLTE Service Assurance 8.8 Prospects of the EVS (Enhanced Voice Services) Codec 8.9 Convergence with Wi-Fi Calling 8.9.1 Moving Towards IMS-Based Wi-Fi Calling Services 8.9.2 Future Prospects 8.10 Opportunities for MVNOs 8.10.1 Enabling Service Differentiation 8.10.2 Growing MVNE (Mobile Virtual Network Enabler) Investments in VoLTE Infrastructure 8.10.3 How Big is the VoLTE Service Revenue Opportunity for MVNOS? 8.11 WebRTC: Friend or Foe? 8.12 Status of RCS Adoption 8.13 Prospects of Roaming and Interconnected VoLTE Services 8.14 MCPTT over VoLTE: Enabling Critical Communications 8.15 Strategic Recommendations 8.15.1 VoLTE Solution Providers 8.15.2 Mobile Operators & MVNOs For more information about this report visit http://www.researchandmarkets.com/research/d4fwpf/the_volte_voice
News Article | February 28, 2017
BARCELONA, Spain, Feb. 28, 2017 /PRNewswire/ -- CEVA, Inc. (NASDAQ: CEVA), the leading licensor of signal processing IP for smarter, connected devices, today announced that ON Semiconductor has licensed and deployed the RivieraWaves Bluetooth 5 low energy technology in its new RSL10 radio...
News Article | February 28, 2017
BOSTON, MA--(Marketwired - Feb 28, 2017) - MP Objects ("MPO"), a leading provider of cloud-based Supply Chain Orchestration software for "Customer Chain Control," today announced it has moved its commercial headquarters to the U.S. in the center of Boston, adding to its international locations in Rotterdam, Tokyo and Hyderabad. Most recently, MPO closed its first round of venture capital in a $10 million growth equity investment from Updata Partners. The funds are earmarked for U.S. expansion, global marketing, international sales and new hires. To that end, it announced the appointment of Brian Hodgson as Executive Vice President of Business Development, responsible for pursuing opportunities with new and existing customers, markets and partnerships. MPO is used by multinational companies in logistics, technology, industrial, healthcare, and consumer sectors to manage dynamic supply chain configurations that meet each customer's unique requirements. Customers include global brands and blue chip companies such as CEVA, DSV, Geodis, Nippon Express, eBay, IBM, Microsoft, Dow Chemical, Terex, Patagonia and Oakley. EVP of Business Development Brian Hodgson was formerly vice president of sales and marketing for Descartes Systems Group, a global provider of logistics software solutions. He spent four years at Oz Development as vice president of sales and marketing. Oz Development provided cloud-based solutions that streamlined warehouse and shipping processes and was acquired by Descartes in 2015. He was chief marketing officer for Kewill, a leader in logistics software, and began his two-decades long career as a senior software engineer. Brian earned a bachelor's degree in electrical engineering from University of Waterloo. "With our continued growth and working with customers with the most complex supply chains, Brian provides 20+ years of experience and complements the rest of the management team," said Martin Verwijmeren, MPO's chief executive officer. "Brian will help us identify strategies for growth opportunities and create long-term value for our customers." Taking a "customer-first" approach, MPO's Customer Chain Control SaaS solution enables companies and their clients to select the optimal sourcing and delivery path for each order based on factors such as stock availability, price levels, lead times and routing options. It creates a customer-by-customer, order-driven supply chain. MPO then manages those unique supply chain steps (e.g., packaging, instructions, shipper tracking, etc.) through every participant in the system (supplier, shipper, carrier, last mile). About MP Objects Founded in 2000 with offices in Rotterdam, Tokyo, Hyderabad and Boston, MPO provides a single SaaS platform for order planning and execution that leverages existing enterprise supply chain systems such as ERP, logistics, warehouse and transportation management systems. With MPO, companies see higher revenues by being able to deliver a better customer experience and lower costs by capturing details within each order's supply chain that were previously unmanaged. For more information: contact email@example.com; call 1 (646) 520-0841 or visit: www.mp-objects.com.
News Article | February 21, 2017
MOUNTAIN VIEW, Calif., Feb. 21, 2017 /PRNewswire/ -- CEVA, Inc. (NASDAQ: CEVA), the leading licensor of signal processing IP for smarter, connected devices, and Waves Audio, the world-leading developer of audio DSP technologies, announced today that the companies have collaborated to...
News Article | February 16, 2017
Company Meets Q4 Revenue, Misses Gross Margin and EPS Company Guidance Due to an Additional Inventory Write-down Provides First Quarter 2017 Guidance Revenue to Decrease 18.0% to 25.0% Sequentially, Gross Margin to be Around 23.0% to 24.0%, and GAAP EPS to be 0.5 to 2.0 Cents Company Accelerates WLO Capacity Expansion in First Half 2017 to Meet Strong Customer Demand TAINAN, Taiwan, Feb. 16, 2017 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq:HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, announced its financial results for the fourth quarter and full year ended December 31, 2016. SUMMARY FINANCIALS (1) Non-GAAP Net income attributable to common shareholders and EPS excludes $0.2 million share-based compensation expenses, net of tax and $0.2 million non-cash acquisition related charge, net of tax. (2) Non-GAAP Net income attributable to common shareholders and EPS excludes $0.2 million share-based compensation expenses, net of tax and $0.2 million non-cash acquisition related charge, net of tax. (1) Non-GAAP Net income attributable to common shareholders and EPS excludes $0.2 million share-based compensation expenses, net of tax and $0.2 million non-cash acquisition related charge, net of tax. (2) Non-GAAP Net income attributable to common shareholders and EPS excludes $7.6 million share-based compensation expenses, net of tax and $0.1 million non-cash acquisition related charge, net of tax. "Our 2016 fourth quarter revenue, gross margin, GAAP and non-GAAP earnings per diluted ADS were as pre-announced on January 26th. We reported net revenues of $203.4 million, representing a 6.7% sequential decrease and in-line with our original guidance of a 4.0% to 9.0% sequential decline issued on November 10, 2016 while gross margin and EPS were below the guidance due to an additional inventory write-down. Nevertheless, we still delivered solid results to achieve both top and bottom line growth during 2016 as our driver and non-driver business segments both performed strongly,” said Mr. Jordan Wu, President and Chief Executive Officer of Himax. “Notably, we increased market share in our core driver IC business in 2016 and continued to solidify our leading position through technology advancement and customer engagement. We continued to lead the market in major new driver IC technology trends, including higher display resolution, AMOLED and in-cell TDDI. We have collaborated closely with leading panel makers across China for AMOLED product development. On the TDDI front, we made volume shipments to a leading Chinese smartphone customer and were busy with design-in activities with Korean, Chinese and Taiwanese panel makers. Our non-driver businesses experienced tremendous growth during 2016, primarily driven by the LCOS and WLO businesses due to shipments to one of our leading AR device customers. We also made solid progress in new territories such as 3D depth scanning, IoT and machine vision with our latest CIS and WLO products, evidenced by more design-ins and engagements with certain heavyweight partners.” Mr. Wu continued: “In the first quarter of 2017, we are seeing weaker seasonality and market demand in associated with our core driver IC business and anticipating near-term headwinds in our non-driver business mainly due to lower LCOS and WLO revenues resulted from our major AR customer’s shift in focus to the development of future generation devices. We also expect our gross margin to be under pressure in the short term due to continuous pricing pressure and less favorable product mix of driver IC products, lower revenues from high-margin AR/VR related businesses and lower NRE income. That being said, looking into 2017, we will leverage our total solution capabilities and focus on major new technology trends to maintain our leading position in our core driver IC business. We also remain positive on the long-term growth prospect of our non-driver business. We are particularly excited about recent developments especially in WLO and CIS product lines where we offer unique and market leading technologies and solutions for IoT and machine vision applications. We have proceeded with the expansion plan for our next generation LCOS and WLO production lines and will start to construct the new office/fab soon. In addition, to meet the strong demand of new customers for our WLO technology, we are accelerating our WLO capacity expansion. After many years of R&D and product development, we may see significant business progress in our non-driver business to contribute to both top and bottom lines out of WLO and CIS areas as early as the second half of 2017. Taken together, we remain committed to our long-term strategy to diversify our product and customer base with innovative technologies, which ultimately, should increase shareholder value.” The fourth quarter revenues of $203.4 million represented a 6.7% sequential decrease and a 14.3% increase year-over-year. Revenue from large panel display drivers was $67.7 million, down 6.0% sequentially, and up 9.0% from a year ago. Large panel driver ICs accounted for 33.3% of the Company’s total revenues for the fourth quarter, compared to 33.0% in the third quarter and 34.9% a year ago. The sequential decline was the outcome of one single customer’s inventory adjustment. Nevertheless, the Company’s large panel products actually enjoyed 9.0% year-over-year growth thanks to strong demand from Chinese and Taiwanese panel customers during the quarter. In China, the Company’s driver IC business for large panel grew more than 10.0% year-over-year during the quarter. In comparison, worldwide large-size TFT-LCD panel shipments declined around 1.5% in the same period. It is especially worth highlighting that the Company’s engineering collaboration and design-in activities with large panel customers across China, Taiwan and Korea all remain robust and Himax expects these trends to continue into 2017. Revenue for small and medium-sized drivers came in at $99.7 million, up 0.4% sequentially and up 21.8% from the same period last year. Driver ICs for small and medium-sized applications accounted for 49.0% of total sales for the fourth quarter, as compared to 45.5% in the third quarter and 46.0% a year ago. As opposed to original guidance of low single digit sequential growth, the Company’s small and medium-sized panel driver business grew just 0.4% because of lower-than-expected smartphone driver IC sales. Sales into smartphones, while increased close to 25.0% year-over-year, declined high-single-digits sequentially due to the slowdown in China’s smartphone market starting around December. The strong growth of smartphone driver IC business compared to the same year ago period came from the Company’s long-standing leading market share in China where the Company’s end brand customers were performing strongly. Revenues from automotive applications also contributed to the segment and continued solid momentum, growing close to 10.0% during the fourth quarter, both sequentially and year-over-year. Revenues from non-driver businesses were $36.0 million, down 22.9% sequentially and up 6.0% from the same period last year. Non-driver products accounted for 17.7% of total revenues, as compared to 21.5% in the third quarter and 19.1% a year ago. The sequential decline was primarily due to lower LCOS and WLO shipments for AR applications. As the Company highlighted in the last earnings call, a major AR customer asked that Himax reduces shipment for their current generation device to a minimum. To a lesser extent, lower sales of touch panel controllers and ASIC chips also contributed to the sequential decline. This decline was partially offset by the increased sales of timing controllers and CMOS image sensors. It is worth noting that despite the near term headwinds, Himax remains positive on the long-term prospect of WLO and LCOS product lines, judging by the expanding customer list that covers some of the world’s biggest tech names, and the busy engineering activities going on with such customers right now. GAAP gross margin for the fourth quarter was 19.1%, down 650 basis points from 25.6% in the third quarter, and down 380 basis points from the same period last year, below the Company’s guidance of “slightly down” from 25.6% reported in the third quarter of 2016. The lower gross margin is the result of an additional one-time, non-cash inventory write-down totaling $12.0 million. Excluding the additional inventory write-down, gross margin would have been 25.0% and met the Company guidance. The $12.0 million inventory write-down is on top of the $2.7 million original inventory write-off estimate for the fourth quarter. In comparison, the inventory write-off amounts were $2.5 million, $3.0 million and $2.5 million for the first, second and third quarter of 2016, respectively. The vast majority of the additional write-down was related to certain aged inventories of traditional human vision CMOS image sensors (“CIS”) with smaller amounts also covering driver IC and other products. Earlier in 2016, the Company decided to focus its CIS business on smart sensor, machine vision segments, as opposed to the traditional human vision segments. As part of this new strategic direction, the Company made a decision recently to expedite the sales of some aged inventories of human vision sensors. The Company believes it is appropriate that it write-downs the inventory at this time, as it anticipates the need to offer discounted prices to accelerate the sales of some products and, for some other products where the potential revenues do not justify the efforts, stop the sales all together. Himax’s new CIS strategy is backed by new products such as the Always-on-Sensor (“AoS”) and the structured light 3D depth scanning total solution, which offer unique and market leading features. The new strategy is also backed by close collaboration and intensive development activities with certain heavyweight partners and customers. Following this one-time write-down, the Company believes its inventory will be healthy across CIS, driver IC and all other product areas. GAAP operating expenses were $32.1 million in the fourth quarter of 2016, down 20.7% from the preceding quarter and down 0.2% from a year ago. The sequential decrease was primarily the result of the difference in RSU charges. In accordance with the Company’s protocol, Himax grants annual RSUs to its staff at the end of September each year, which, given all other items equal, leads to higher third quarter GAAP operating expenses compared to the other quarters of the year. The fourth quarter RSU expense was only $0.2 million while it was $9.2 million in the third quarter. Excluding the RSU expense, operating expenses increased 2.2% from the third quarter and decreased 0.1% year-over-year. GAAP operating margin for the fourth quarter of 2016 was 3.4%, down from 4.8% for the same period last year and down from 7.0% in the third quarter. The GAAP operating income decreased 55.1% sequentially and 20.3% year-over-year. The sequential decrease was primarily a result of the aforementioned additional inventory write-down and lower sales, offset by the lower RSU expense. Fourth quarter non-GAAP operating income, which excludes share-based compensation and acquisition-related charges, was $7.4 million, or 3.6% of sales, down from 5.1% for the same period last year and down from 11.5% a quarter ago. The non-GAAP operating income decreased 70.7% sequentially and 19.3% from the same quarter in 2015. Excluding the aforementioned inventory write-down, non-GAAP operating margin would have been 9.5% for the quarter, as compared to 11.5% in the previous quarter. GAAP net income for the fourth quarter was $4.4 million, or 2.6 cents per diluted ADS, compared to $13.6 million, or 7.9 cents per diluted ADS, in the previous quarter and GAAP net income of $6.1 million, or 3.6 cents per diluted ADS, a year ago, below the Company’s guided range of 8.5 to 11.0 cents. GAAP net income decreased 27.6% year-over-year and 67.4% from the previous quarter. Excluding the additional aforementioned inventory write-down, GAAP EPS would have been 8.6 cents and met the Company’s original guidance. Fourth quarter non-GAAP net income was $4.8 million, or 2.8 cents per diluted ADS, compared to $21.3 million last quarter and $6.5 million the same period last year, below the guided range of 8.7 to 11.2 cents. Excluding the additional aforementioned inventory write-down, non-GAAP EPS would have been 8.8 cents and met the Company’s original guidance. (1) Non-GAAP Net income attributable to common shareholders and EPS excludes $8.2 million share-based compensation expenses, net of tax and $0.6 million non-cash acquisition related charge, net of tax. (2) Non-GAAP Net income attributable to common shareholders and EPS excludes $4.9 million share-based compensation expenses, net of tax and $0.5 million non-cash acquisition related charge, net of tax. Revenues totaled $802.9 million in 2016, representing a 16.1% increase over 2015. Revenues from large panel display drivers increased 21.6% year-over-year, representing 34.0% of the Company’s total revenues, as compared to 32.4% in 2015. The Company’s large panel driver sales totaled $272.9 million for the year. The strong year-over year growth originated from the Company’s focus in China starting in 2012 and its efforts to achieve a more diversified customer base by adding new customers in Taiwan, China and Korea. Small and medium-sized driver sales increased 9.8% year-over-year, representing 46.0% of total revenues, as compared to 48.6% in 2015. Contributing to this growth was the strong momentum in driver ICs for smartphone and automotive applications. Himax has the most comprehensive coverage of leading Chinese smartphone names and their fast growing market share has led to the Company’s good result in 2016. Automotive driver IC sales registered the strongest growth in this segment to increase about 26% year-over-year. Non-driver products increased 22.6% year-over-year, representing 20.0% of total sales, as compared to 19.0% a year ago. This growth was primarily due to higher LCOS and WLO shipments to a major AR customer during the year. Other product lines such as timing controller and ASIC also delivered strong growth, but offset by sales declines in CMOS and PMIC. Gross margin in 2016 was 24.2%, a 60 basis-point increase from 23.6% in 2015. The increased gross margin was primarily due to a more favorable product mix in small and medium-sized driver ICs, increased LCOS and WLO shipments for AR applications and certain engineering fees from AR/VR new project engagements. The gross margin increase for the whole year was offset substantially by the aforementioned inventory write-down. Gross margin improvement remains one of the Company’s business focuses. GAAP operating expenses were $135.1 million, up $2.6 million or 2.0% compared to last year. GAAP operating income of $59.2 million represented a 93.1% increase versus 2015. GAAP net income for the year was $50.9 million, or 29.5 cents per diluted ADS, up from $25.2 million, or 14.6 cents per diluted ADS, in 2015. GAAP net income and GAAP earnings per diluted ADS grew 102.1% and 101.7% year-over-year, respectively. The increase in GAAP net income was a combination of higher revenue, improved gross margin, and a lower income tax, partially offset by higher operating expenses. Non-GAAP net income for 2016 was $59.7 million, or 34.7 cents per diluted ADS, up from $30.6 million, or 17.8 cents per diluted ADS, for 2015. Non-GAAP net income and Non-GAAP earnings per diluted ADS grew 95.2% and 94.8% year-over- year, respectively. Himax had $194.6 million of cash, cash equivalents and marketable securities as of the end of December 2016, compared to $148.3 million at the same time last year and $153.4 million a quarter ago. On top of the above cash position, restricted cash was $138.2 million at the end of the quarter, up from $138.0 million in the preceding quarter and down from $180.4 million a year ago. The restricted cash is mainly used to guarantee the Company’s short-term loan for the same amount. Himax continues to maintain a very strong balance sheet and remain a debt-free company. Inventories as of December 31, 2016 were $149.7 million, down from $171.4 million a year ago and down from $169.4 million a quarter ago. Accounts receivable at the end of December 2016 were $191.0 million as compared to $177.2 million a year ago and $208.4 million last quarter. DSO was 87 days at the end of December 2016, as compared to 93 days a year ago and 95 days at end of the last quarter. Net cash inflow from operating activities for the fourth quarter was $47.2 million as compared to an inflow of $25.9 million for the same period last year and an inflow of $2.9 million last quarter. Cumulative cash inflow from operations in 2016 was $84.7 million as compared to $22.5 million in 2015. The increase in cash inflow was a result of improved profitability and lower working capital. Capital expenditures were $2.2 million in the fourth quarter of 2016 versus $3.6 million a year ago and $1.9 million last quarter. The capital expenditure in the fourth quarter consisted mainly of purchases of R&D related equipment. Total capital expenditures for the year were $7.9 million versus $10.0 million a year ago. In August 2016, Himax paid an annual dividend of 13 cents per ADS, or 89.0% of 2015 GAAP earnings per diluted ADS. The Company remains committed to paying annual dividends, the amount of which is based primarily on its prior year’s profitability. The high payout ratio in 2016 is an illustration of the Company’s confidence in its future profitability. As of December 31, 2016, Himax had 172.0 million ADS outstanding, unchanged from last quarter. On a fully diluted basis, the total ADS outstanding are 172.4 million. Ms. Jackie Chang, CFO and Ms. Penny Lin, internal IR Manager, and Mr. Greg Falesnik, Himax’s U.S.-based IR, will maintain corporate access for shareholders and attend future investor conferences. If you are interested in speaking with the management, please contact Himax’s US or Taiwan-based investor relations contact at the numbers below. The Company is mindful that 2017 will likely be a year of macro uncertainty, marked by currency fluctuations and the risk of China’s slowdown. However, looking into the new year, the Company believes its overall financial performance will be resilient to the potential macro headwinds. Particularly, following many years of R&D and investment, various areas of Himax’s non-driver IC businesses may start to contribute significantly to its overall financials. Before detailing the prospect for the Company’s driver and non-driver businesses in 2017, it is important to update this year’s CAPEX plan as its scale will be unprecedented in the Company’s history. Being a fabless company for its IC business, Himax has typically had a low annual CAPEX, as in the case of the last two years - $10.0 million in 2015 and $7.9 million in 2016. The regular CAPEX is primarily for the investment of design tools and testing equipment for its IC design business. This year’s CAPEX plan will include the construction of a new building, which the Company has announced before, and an increase of its WLO capacity, on top of the regular CAPEX. The new building, located nearby the Company’s current headquarters, will house the next generation LCOS and WLO production lines and provide the extra office space that is desperately needed as the Company already has to take up sizable leases outside to cope with the current office space shortage. The progress of the new building construction is in line with the Company’s plan as the Company has completed the design stage and is moving on to construction stage. More specifically, the Company has budgeted $50.0 to $55.0 million CAPEX for the new office/fab construction in 2017, covering land, building, facilities and clean rooms. The new building will be completed and ready for personnel and equipment move-in by early 2018. The CAPEX budget for 2018 for the new building is around $10.0 million. Additionally, to meet the strong demand of new customers for its WLO technology, the Company is accelerating its WLO capacity expansion. Rather than waiting for the new building to complete, the Company is now investing around $25.0 million in new WLO capacity during the first half of 2017, to be located in the existing headquarter building by retrofitting certain areas for the new equipment. If everything goes as planned, Himax will see revenue and bottom-line contributions from the new WLO investment starting the second half of 2017. The CAPEX budget for 2017 and the dividend for the year of 2016 will be funded through the Company’s internal resources and banking facilities. During 2017, the Company expects its large panel driver IC business will continue to benefit from continued increase of 4K TV penetration and, starting the second half of 2017, Chinese panel customers’ ramping of a brand new Gen 8.5 and another Gen 8.6 fab. However, first quarter will see mid teen’s sequential decline in its large panel driver IC revenue due to fewer working days in China and Taiwan and phase-out of certain customers’ old models. Despite the temporary slowdown, the Company’s leadership position in this segment stays strong. The Company’s large panel customers are increasingly demanding a total solution from IC vendors in addition to their constant request for better IC solutions to support their high-end and high-resolution products. Himax believes its technology strength and total solution capability are significant differentiators against most of its competitors and will further solidify its leading position as Chinese customers continue to expand their capacity and the industry further upgrades to 8K TVs. Himax is one of the pioneers in product development of 8K TVs with its Chinese and Korean panel customers and has already shipped small volume to a leading Korean panel maker. The other segment within the Company’s driver business is ICs used in small and medium-sized panels for applications including smartphones, tablets and automotives. First quarter sales for smartphones are likely to decline by close to 45.0% sequentially on weak market, seasonality, customers’ inventory adjustment for HD720 driver IC and less addressable market for smartphones using pure TFT-LCD driver ICs due to higher TDDI adoption rate. Compared to overall market, HD720 accounted for a relatively high percentage of the Company’s total smartphone driver IC shipment in 2016. Due to the panel supply shortage, most notably in the HD720 segment, in the second half of 2016, some of the Company’s China customers pulled in excess inventory of HD720 driver ICs and panels. Many of them have therefore substantially slowed down their new panel purchases in the first quarter. After customers’ seasonal inventory adjustment, the Company expects the smartphone driver IC momentum to recover sequentially in the second quarter. The Company is mindful of the trend that higher in-cell panel and TDDI adoption rate will reduce the addressable market for smartphones using traditional TFT-LCD driver ICs. Himax is confident that its TDDI solutions and business will pick up soon. On the AMOLED front, Himax has been collaborating closely with leading panel makers across China for AMOLED product development. With fewer competitors and higher barrier of entry, the Company believes AMOLED driver ICs will be one of the long-term growth engines for its small panel driver IC business. Among driver ICs used in small and medium-sized panels, the best-performing category in recent years has been automotives. The Company expects the category’s Q1 revenue to be down high-single-digits sequentially and grow around 15.0% year-over-year. With leading market share and numerous tier 1 automobile brands as its indirect end customers, Himax has successfully engaged all key panel manufacturers and module houses worldwide for long-term partnerships and secured many of their key projects pipelined for the next few years. To address the growing demand of larger automotive displays with higher resolution and built-in on-cell or in-cell touch screen features, the Company continues to develop advanced solutions to enable new automotive display applications and provide its customers with the most comprehensive and state-of-the-art solutions in the industry. As such, the Company is well positioned to take advantage of the growing automotive display market and anticipates the strong growth will likely continue into the next few years. However, the Company’s driver ICs used in tablets will decline close to 40.0% sequentially for slow season effect. Overall, Himax expects the small and medium-sized driver IC segment to decrease sequentially by around 30.0% in the first quarter. For the non-driver IC business segments, Himax anticipates near-term headwinds as the Company mentioned in the previous earnings call and expects about high teen’s sequential decline in its non-driver revenues for the first quarter. Sales of CMOS image sensors will deliver strong growth in the first quarter, but those of WLO, LCOS micro displays and touch panel controllers will decline sequentially. For touch panel controller product line, on top of several projects entering volume shipment featuring Himax’s on-cell solution, the Company continues to secure new design-wins from Chinese smartphone brand customers for their 2017 models. The Company has also seen significant traction in customer adoption and design-wins of its discrete touch solutions to break into several leading Chinese and international end brand customers with new models to enter mass production from the first quarter of 2017. On TDDI, the Company is seeing rapid adoption of in-cell displays among smartphone brand customers for their new generation mid-to-high end models recently and expects TDDI to continue to expand in the smartphone and tablet market in next few years. Himax has comprehensive design-in activities with Korean, Chinese and Taiwanese panel and end product customers. The Company is also aggressively developing new products and strengthening its team to expand its product portfolio and roadmap. With very comprehensive joint development engagements covering many leading panel makers, the Company is confident that it can leverage its long-standing and widespread relationships with panel makers to increase its market share in TDDI. TDDI is a major long-term growth engine for the Company’s small panel business and will contribute to its business starting the second half of 2017. As the Company warned in the last earnings call, Himax expects its LCOS sales to decline in the first quarter, as well as over the next few quarters in 2017, because one of its leading AR device customers decided to reduce shipment of their current generation device to a minimum, and instead, to focus on the development of future generation devices which the Company is still a critical part of. While the revenues for LCOS may subside over the next few quarters, they will come from a much more diversified customer base in 2017. Quite a few of Himax’s other customers are expected to launch their AR products starting 2017, although the Company is still uncertain of their volume potential given that they are still early generation products. Having invested in related technologies for over 15 years, Himax is uniquely positioned as the provider of choice for micro display and related optics, both of which critical enablers to AR devices. With little competition, the Company is currently working with over 30 customers on various current and future generation AR devices using LCOS micro display. The Company’s increasing design engagements cover not only leading tech companies, but also niche AR players which bring in innovative product ideas. Switching gear to WLO, as in the case of LCOS that the Company mentioned above, Himax expects the near term business prospect to be affected by the reduced shipment of a major AR customer. However, Himax continues to partner with numerous industry leading companies using its cutting edge and industry-dominant WLO technology. In addition to AR application, Himax’s WLO technology is adopted by the Company’s customers to enable new things such as 3D depth scanning and machine vision, which can in turn be used in a wide variety of industries such as consumer, industrial, IoT, AI, medical, automotive, military and surveillance. The Company’s customer base for this business is extremely diversified, covering numerous major tech names throughout the world, many of which leading end brand players or semiconductor platform solution providers. Himax is one of the very few players in the market with WLO technology and the one possessing the best mass production proven track record with expertise ranging from design and high yield production to cost and quality controls. The Company is very happy with its current development and business progress in this area. Given the aforementioned exciting growth opportunities, the Company is accelerating its WLO capacity expansion to meet strong customer demand in the near term. Earlier in 2016, the Company decided to switch its strategy of the CIS business to focus on smart sensor and machine vision segments, as opposed to the traditional human vision sensors. Himax has launched two smart sensor product lines, i.e., near infrared (“NIR”) sensor and Always-on-Sensor (“AoS”). The Company continues to make great business progress with these two smart sensor products. In addition to close collaboration and intensive development activities with certain heavyweight partners and customers, Himax’s smart sensors have garnered lots of customers’ interests during the recent demonstrations at CES and the Japan Auto Expo. By combining a NIR sensor and a structured light projector consisting of a laser diode and DOE with collimator fabricated using its WLO technology, the Company is offering the most effective 3D depth scanning total solution with the industry’s smallest form factor to enable easy integration into next generation smartphones and other consumer electronics devices such as AR/VR. The Company is targeting to work with its partners to have the structured light 3D depth scanning total solution embedded in next-generation smartphones in 2017. Himax also attracted additional heavyweight potential customers’ interest following the recent press release of its NIR sensor for its outstanding technical performance. With regards to Himax’s AoS product, the sensor can be bundled with the Company’s WLO lens to support super low power computer vision to enable new applications across a very wide variety of industries. After recent demonstrations at CES and the Japan Auto Expo, Himax’s AoS has gained significant customer interests especially in smart home, industrial IoT and surveillance applications. In a recent joint-press release with CEVA Inc. and Emza Visual Sense Ltd., the Company announced the industry’s first intelligent always-on visual sensor specifically designed to overcome the power and cost constraints of vision processing for IoT applications. The ultra-low power, always-on vision sensor is a powerful solution capable of detecting, tracking and recognizing its environment in an extremely efficient manner using a few milliwatts of power. As the Company’s long-term goal is to provide complete solutions for always-on computer vision applications, Himax decided to form a strategic alliance with Emza, an Israeli company dedicated to developing extremely efficient machine vision algorithms that enable smart IoT visual sensors. The Company will report business developments in these new territories in due course. Lastly, for the traditional human vision segments, the Company maintains a leading position in laptop applications and expects mass production of several design wins for notebooks and increased shipments for multimedia applications such as surveillance, drones, home appliances, and consumer electronics, among others, during the first quarter. In summary, Himax is seeing weak seasonality and market demand in the driver IC business, which will lead to sequential revenue decline in the first quarter. The Company also expects its gross margin to be under pressure in the short term due to continuous pricing pressure and less favorable product mix of driver IC products, lower revenues from high-margin AR/VR related businesses and lower NRE income. Nevertheless, after many years of R&D and product development, the Company may see significant business progress in its non-driver business to contribute to both top and bottom lines out of WLO and CIS areas as early as the second half of 2017. The Company is providing the following financial guidance for the first quarter of 2017: The first quarter is traditionally the bottom of the year in terms of sales because it has fewer working days due to the Chinese New Year. The scale 5.6 earthquake that struck Tainan in early February also somehow impacted some of the Company’s customers’ productions and therefore its driver IC shipment. In providing the above earnings guidance, Himax has assumed a 16.5% income tax rate for 2017, calculated based on exchange rate of NTD 31.0 against the USD, which is also the exchange rate as of beginning of February 2017. A replay of the call will be available beginning two hours after the call through 11:59 p.m. US EST on February 23, 2017 (12:59 p.m. Taiwan time, February 24, 2017) on www.himax.com.tw and by telephone at +1 (855) 859-2056 (US Domestic) or +1 (404) 537-3406 (International). The conference ID number is 52514789. This call is being webcast by Nasdaq and can be accessed by clicking on this link or Himax’s website, where the webcast can be accessed through February 16, 2018. Himax Technologies, Inc. (NASDAQ:HIMX) is a fabless semiconductor solution provider dedicated to display imaging processing technologies. Himax is a worldwide market leader in display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, car navigation, virtual reality (VR) devices and many other consumer electronics devices. Additionally, Himax designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration (TDDI) single-chip solutions, LED driver ICs, power management ICs, scaler products for monitors and projectors, tailor-made video processing IC solutions, silicon IPs and LCOS micro-displays for augmented reality (AR) devices and head-up displays (HUD) for automotive. The Company also offers digital camera solutions, including CMOS image sensors and wafer level optics which are used in a wide variety of applications such as mobile phone, tablet, laptop, TV, PC camera, automobile, security, medical devices and Internet of Things. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs over 2,100 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan and the US. Himax has 2,948 patents granted and 437 patents pending approval worldwide as of December 31st, 2016. Himax has retained its position as the leading display imaging processing semiconductor solution provider to consumer electronics brands worldwide. Factors that could cause actual events or results to differ materially include, but not limited to, General business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortages in supply of key components; changes in environmental laws and regulations; exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company's SEC filings, including those risks identified in the section entitled "Risk Factors" in its Form 20-F for the year ended December 31, 2015 filed with the SEC, as may be amended.