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News Article | April 26, 2017
Site: globenewswire.com

Cargotec's January-March 2017 interim report: Strong start for 2017 in Hiab -    Kalmar's profitability improved -    Record high orders received and operating profit margin in Hiab -    MacGregor's operating profit remained positive due to cost savings January-March 2017 in brief: Share of software and services increased Outlook for 2017 unchanged Cargotec reiterates its outlook published on 8 February 2017 and expects its operating profit excluding restructuring costs for 2017 to improve from 2016 (EUR 250.2 million). Cargotec's CEO Mika Vehviläinen: Record-high quarter in Hiab The year 2017 started with a strong note, particularly at Hiab, where the orders received and the operating profit margin reached an all-time high. Kalmar's development as a whole was at a satisfactory level. Its profitability improved and demand was healthy especially in mobile equipment. As in 2016, MacGregor's market situation continued to be challenging. However, we are pleased that we managed to keep MacGregor profitable, and that its orders received increased compared to the last quarter of 2016. By 2020, our goal is to increase the share of services and software to 40 percent of Cargotec's sales. Service sales grew at Hiab and Kalmar but decreased at MacGregor as a result of the difficult market situation. Our software business developed positively in the first quarter, which reflects our efforts over the past few years. During the first quarter, already as much as 32 percent of our sales came from services and software. We see many possibilities to improve the performance of the cargo handling value chain. With our solutions, know-how and expertise we want to help our customers make their operations more efficient. We are proceeding well towards our target to be the leader in intelligent cargo handling. Press conference for analysts and media A press conference for analysts and media, combined with a live international telephone conference, will be arranged on the publishing day at 11.00 a.m. EEST at Cargotec's head office, Porkkalankatu 5, Helsinki. The event will be held in English. The report will be presented by CEO Mika Vehviläinen and Executive Vice President, CFO Mikko Puolakka. The presentation material will be available at www.cargotec.com by latest 10.00 a.m. EEST. The telephone conference, during which questions may be presented, can be accessed using the following numbers with access code Cargotec/7125297: FI: +358 9 7479 0404 SE: +46 8 5065 3942 UK: +44 330 336 9411 US: +1 719 457 2086 The event can also be viewed as a live webcast at www.cargotec.com. An on-demand version of the conference will be published at Cargotec's website later during the day. For further information, please contact: Mikko Puolakka, Executive Vice President and CFO, tel. +358 20 777 4105 Hanna-Maria Heikkinen, Vice President, Investor Relations, tel. +358 20 777 4084 Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec's sales in 2016 totalled approximately EUR 3.5 billion and it employs over 11,000 people. www.cargotec.com


News Article | April 27, 2017
Site: globenewswire.com

Notice is given to the shareholders of Ixonos Plc to an Extraordinary General Meeting to be held Friday, 19 May 2017 at 17:00 at the company’s head office at the address Arkadiankatu 2, FI-00100 Helsinki. The reception of persons who have registered for the meeting, the distribution of voting tickets, and the coffee service preceding the meeting will commence at 16:00. A. MATTERS ON THE AGENDA OF THE EXTRAORDINARY GENERAL MEETING At the Extraordinary General Meeting, the following matters will be considered: 3.         Election of persons to scrutinise the minutes and to count votes 4.         Recording the legality of the meeting 5.         Recording the attendance at the meeting and adoption of the list of votes 6.         Amendment of the Articles of Association (change of the company's business name) The Board of Directors proposes that section “§ 1 Company name and domicile” of Ixonos Plc’s Articles of Association be amended to be the following: The company’s name is Digitalist Group Oyj, Digitalist Group Abp in Swedish and Digitalist Group Plc in English. The company’s registered office is in Helsinki. The decision to amend the Articles of Association requires a qualified majority of at least two thirds of the votes cast and shares represented at the meeting. The aforementioned board proposal on the agenda of the Extraordinary General Meeting as well as this notice are available to the shareholders in the “Investors” section of Ixonos Plc’s website www.ixonos.com no later than 21 days before the Extraordinary General Meeting. The said documents will also be available at the Extraordinary General Meeting. In addition, copies of the said documents and of this notice will be sent to shareholders upon request. Otherwise, no separate notice of the meeting will be sent to the shareholders. The minutes of the Extraordinary General Meeting will be available on the above-mentioned website at the latest on 22 May 2017. C. INSTRUCTIONS FOR PARTICIPANTS IN THE EXTRAORDINARY GENERAL MEETING 1.                   Right to attend and registration Shareholders who are on Tuesday 9 May 2017 registered in the company’s shareholders’ register held by Euroclear Finland Ltd. have the right to participate in the Extraordinary General Meeting.  Shareholders whose shares are registered on their personal Finnish book-entry accounts are registered in the company’s shareholders’ register. Shareholders who wish to attend the Extraordinary General Meeting must give advance notice of their attendance, and the company must receive such notice no later than by 16:00 on Tuesday, 16 May 2017. Notice to the Extraordinary General Meeting can be given: a)       using the form located in the “Investors” section of the company’s website at http://www.ixonos.com; c)       by mail to Ixonos Plc / General Meeting, Arkadiankatu 2, FI-00100 Helsinki, Finland; or d)       by telephone between 9:00 and 16:00 to Aila Mettälä at +358 40 531 0678 or +358 424 2231. In connection with the registration, a shareholder shall provide their name, personal identification number, address, telephone number and the name of a possible assistant or proxy representative and the personal identification number of the proxy representative. The personal data given to the company by its shareholders is used only in connection with the Extraordinary General Meeting and with the processing of related registrations. A shareholder may participate in the Extraordinary General Meeting and exercise their rights at the meeting by way of proxy representation. The representative must produce a dated proxy document or other reliable evidence of their right to represent the shareholder. If a shareholder participates in the Extraordinary General Meeting by means of several proxy representatives representing the shareholder on the basis of shares held in different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the Extraordinary General Meeting. Please furnish the company with any proxy documents as an email attachment (e.g. in PDF) or by mail, using the above-mentioned contact information for registration, before the last date for registration. Holders of nominee-registered shares are advised to request the necessary instructions regarding registration in the temporary shareholders’ register of the company, issuing of proxy documents and registration for the Extraordinary General Meeting from their custodian banks well before the meeting. The account management organization of the custodian bank has to register any holder of nominee-registered shares that wants to participate in the Extraordinary General Meeting into the temporary shareholders’ register of the company by 10:00 on Tuesday, 16 May 2017 at the latest. Pursuant to Chapter 5 Section 25 of the Limited Liability Companies Act, a shareholder who is present at the Extraordinary General Meeting has the right to request information with respect to the matters to be considered at the meeting. On the date of this notice, Ixonos Plc has altogether 365 577 888 shares and votes registered in the Trade Register. For more information, please contact:


Not to be published or distributed in or into the United States, Canada, Australia, Hong Kong, South Africa or Japan. Ixonos has acquired Rome Advisors Oy’s #DIGITALIST business by a directed share issue and separately directs new shares to Rome Advisors Oy On 26 April 2017, Ixonos Plc (“Ixonos”) signed an agreement whereby it acquired the Digitalist business of the Finnish Rome Advisors Oy together with the associated intellectual property rights and brands (“Transaction”). By combining Ixonos’ know-how of research, design and technology with the Digitalist business’ unique way of bringing together experts, know-how and companies, the combination of the business operations and the resulting Digitalist Network will enable a new kind of co-operation and create tomorrow’s experiences already today. Today, know-how related to digitalisation is fairly slim in many fields because most operators do not yet have the courage to bring digitalisation into the heart of the customer’s business. The corporate transaction supports the realisation of the company’s strategy, and the reborn company will lead the way in implementing digitalisation-related know-how in different fields of business. Rome Advisors Oy is a Finnish company which provides management consulting services and specialises in creating digital strategies. The company helps corporations to understand the opportunities of growth, change and digitalisation, and teaches them to use the network in business and to build new ways to operate in the digital age. Ville Tolvanen, CEO of of Rome Advisors, has also founded the Digitalist Network and acts as its General Secretary. “Ixonos will develop genuine turnkey solutions together with the network and discerning customers who are not afraid to admit that they must incorporate digitalisation into their DNA. We will live and breathe in the co-operation network and, through this, be able to offer companies much more than hired resources for creating digitalisation. With the members of the network and our employees, all our customers will also have an excellent chance to watch, learn and participate in the digital revolution,” says Ixonos’ CEO Sami Paihonen. “Joining forces with Ixonos opens up completely new opportunities to the network and its member. We will make the Digitalist business international and train companies and other corporations on the possibilities of digitalisation. Ixonos’ over 200 experts around the world ensure that ideas and innovations are turned into new services and real business operations. In the future, creating things together will be a joint effort between freelancers, members of the network, employees, companies and other interest groups,” comments Ville Tolvanen, CEO of Rome Advisors Oy. With the transaction, Rome Advisors Oy’s #DIGITALIST business and related assets and rights have transferred to Ixonos. Ixonos has paid the Purchase Price by a directed share issue (“Share Issue 1”) in which it directed altogether 2 677 074 new Ixonos shares (“Consideration Shares”) to be subscribed for by Rome Advisors Oy. In connection with the Transaction, Ixonos also directed altogether 2 294 635 new Ixonos shares (“Share”) to be subscribed for by Rome Advisors Oy in a directed share issue which is to be paid in cash (“Share Issue 2”) and is separate from the Transaction. Share Issue 1 and Share Issue 2 (jointly “Share Issues”) were carried out in derogation from the pre-emptive subscription right of the shareholders by the decision of Ixonos’ Board of Directors on the authorisation of the Annual General Meeting held on 29 March 2017. The Consideration Shares issued in Share Issue 1 are issued in order to develop the group’s business and finance the corporate transaction, so the company has a weighty financial reason for Share Issue 1 and for the deviation from the pre-emptive right of the shareholders within the meaning of the Finnish Limited Liability Companies Act. The funds derived from Share Issue 2 will be used to maintain and improve the solvency of the group, so the company has weighty financial reasons for Share Issue 2 and for deviating from the pre-emptive right of the shareholders within the meaning of the Finnish Limited Liability Companies Act. The subscription price of the Shares in the Share Issues is approximately EUR 0.131 per Consideration Share and Share. The Subscription Price has been determined as the mean price weighted with the trading amounts of the Ixonos share of the period 25 January 2017 – 25 April 2017. The subscription of the Consideration Shares and Shares has taken place at the signing of the transaction and the Board of Directors of Ixonos has accepted the share subscriptions. The Consideration Shares and Shares will represent altogether 1.3 per cent of Ixonos shares and votes after the Share Issues. The Consideration Shares and Shares will entitle to full dividends possibly distributed by Ixonos and to other distribution of assets as well as carry other shareholder rights in the company starting from when the Consideration Shares and Shares have been entered in the Trade Register and the shareholders’ register of the company. The Consideration Shares are subject to a lock up period of one (1) – two (2) years starting from the issue of such shares. The terms and conditions of the Share Issues are appended to this stock exchange release. For more information, please contact: The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. The information in this announcement may be subject to change. This announcement is not a prospectus for the purposes of Directive 2003/71/EC (such directive, as amended, together with any applicable implementing measures in the relevant member state of the European Economic Area under such Directive, the “Prospectus Directive”). The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, Hong Kong, South Africa or Japan. These written materials do not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. The Company does not intend to register any portion of the offering in the United States or to conduct a public offering of securities in the United States. The issue, exercise and/or sale of securities in the offering are subject to specific legal or regulatory restrictions in certain jurisdictions. Ixonos Plc (“Company”) assumes no responsibility in the event there is a violation by any person of such restrictions. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Investors must neither accept any offer for, nor acquire, any securities to which this document refers, unless they do so on the basis of the information contained in the applicable prospectus published or offering circular distributed by the Company. This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “relevant persons”). Any investment activity to which this communication relates will only be available to and will only be engaged with relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. None of the Company and its respective affiliates, directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. 1     Directed share issue to pay the purchase price of the asset purchase of Rome Advisors Oy The company issues 2 677 074 new company shares in the share issue. The shares issued in the share issue are equivalent to approximately 0.73 per cent of all of the company’s shares and votes before the share issue and approximately 0.72 per cent of all of the company’s shares and votes after the share issue, provided that the share issue is subscribed for in full. Subscription right and deviation from shareholder’s pre-emptive subscription right All the new shares are offered in derogation from the pre-emptive subscription right of the shareholders for subscription by Rome Advisors Oy (which is deemed to constitute a ‘qualified investor’). The purpose of the directed share issue is to execute the purchase of Rome Advisors Oy’s #DIGITALIST business (“Transaction”) in accordance with the purchase agreement (“Purchase Agreement”) between the company and Rome Advisors Oy concerning the Transaction by paying the purchase price with the new company shares issued. Hence, the Company has a weighty reason for acting in derogation from the pre-emptive subscription right of the shareholders within the meaning of Chapter 9 Section 4(1) of the Limited Liability Companies Act. The subscription right to the shares under these terms may not be transferred or assigned to a third party. Subscription and subscription period of the shares The subscription of the shares shall take place in connection with the signing of the asset purchase set out in the Purchase Agreement on 26 April 2017 in a separate subscription list. The Board of Directors may extend the share subscription period. The subscription is binding, and it cannot be altered or cancelled. Subscription price of the shares and payment of the subscription price The subscription price of the shares shall be paid by a contribution in kind by assigning the object of the transaction set out in the Purchase Agreement to the company. The total subscription price of the shares is EUR 350 000, i.e. approximately EUR 0.130739758 per share. The non-cash consideration and the payment it covers have been specified and factors affecting the valuation of the assets as well as methods used in the valuation have been described in the report issued by the company’s Board of Directors. The subscription price of the shares is based on the Purchase Agreement between the company and the subscriber of the shares, under which the amount of the company’s consideration shares issued for the payment of the purchase price is determined by dividing the sum of the purchase price (EUR 350 000) by the mean price of Ixonos Plc’s share weighted with the trading amounts of the period of three months in the Nasdaq Helsinki Ltd preceding the signature of the Purchase Agreement. If the amount of shares to be offered to the subscriber is not a whole number, the number of shares shall be rounded up to the nearest full share. The non-cash consideration forming the subscription price of the shares shall be assigned to the company on the terms set out in the Purchase Agreement, and it will transfer to the company in connection with the share subscription. The Board of Directors may extend the subscription price’s term of payment. The subscription price of the shares shall be credited in full to the company’s reserve for invested unrestricted equity. Right to dividend and other shareholder rights The subscribed shares entitle to dividends possibly distributed by the company and carry other shareholder rights starting from when the shares have been entered in the Trade Register and the shareholders’ register of the company. Entry of new shares in book-entry accounts The shares subscribed for in the share issue will be entered in the subscriber’s book-entry account once the new shares have been entered in the Trade Register. The share issue is conditional upon the Transaction being carried out and upon that the Board of Directors has accepted the share subscriptions. If the transaction has not been carried out by 26 April 2017, this decision of the Board of Directors on a directed share issue will cease to be in effect. The Board of Directors of the Company shall accept all subscriptions made on the basis of the subscription right and in accordance with these terms and conditions as well as in accordance with the laws and provisions governing share subscription. In the share issue, a lock-up during which the shares may not be transferred shall be applied to shares subscribed for by Rome Advisors Oy. The lock-up shall dissolve gradually during the period of two years as set out in the Lock-Up Agreement pertaining to the shares and related to the Purchase Agreement. The documents referred to in Chapter 5 Section 21 of the Finnish Limited Liability Companies Act will be on view as of the start of the subscription period at the Company’s head office at Arkadiankatu 2, FI-00100 Helsinki, Finland. Note to investors and governing law and dispute resolution The shares may not directly or indirectly be offered, sold, resold, transferred or delivered to Australia, Japan, Canada, Hong Kong, South Africa, the United States or any other country where offering the shares would be illegal. Documents related to the share issue may not be delivered to persons in these countries. No actions have been taken to register the shares or the share issue or to generally offer the shares in other countries than Finland. The company’s shareholder or other investor is considered to have accepted the aforementioned limitations to the share issue, and the shares shall be governed by Finnish law. Any possible disputes arising from the share issue shall be resolved in a competent court in Finland. The Board of Directors of the company shall decide upon other matters related to the share issue and practical measures arising thereof. 2     Directed share issue to Rome Advisors Oy to be paid in cash The company issues 2 294 635 new company shares in the share issue. The shares issued in the share issue are equivalent to approximately 0.62 per cent of all of the company’s shares and votes before the share issue and approximately 0.62 per cent of all of the company’s shares and votes after the share issue, provided that the share issue is subscribed for in full. Subscription right and deviation from shareholder’s pre-emptive subscription right All the new shares are offered in derogation from the pre-emptive subscription right of the shareholders for subscription by Rome Advisors Oy (which is deemed to constitute a ‘qualified investor’). The funds derived from the Share Issue will be used to maintain and improve the solvency of the group, so the company has weighty financial reasons for the Share Issue and for deviating from the pre-emptive right of the shareholders within the meaning of Chapter 9 Section 4(1) of the Finnish Limited Liability Companies Act. The subscription right to the shares under these terms may not be transferred or assigned to a third party. Subscription and subscription period of the shares The subscription of the shares shall take place in connection with the signing of the asset purchase (“Transaction”) set out in the Purchase Agreement on 26 April 2017 in a separate subscription list. The Board of Directors may extend the share subscription period. The subscription is binding, and it cannot be altered or cancelled. Subscription price of the shares and payment of the subscription price The total subscription price of the shares is altogether EUR 300 000, i.e. approximately EUR 0.130739758 per share. The subscription price of the shares has been determined as the mean price weighted with the trading amounts of the Ixonos Plc share of the period 25 January 2017 – 25 April 2017 in Nasdaq Helsinki Ltd. The subscription price of the shares subscribed for in the share issue shall be paid to the company’s bank account in full without undue delay in accordance with the instructions given by the Board of Directors, yet no later than by 27 April 2017. The Board of Directors may extend the subscription price’s term of payment. The subscription price of the shares shall be credited in full to the company’s reserve for invested unrestricted equity. Right to dividend and other shareholder rights The subscribed shares entitle to dividends possibly distributed by the company and carry other shareholder rights starting from when the shares have been entered in the Trade Register and the shareholders’ register of the company. Entry of new shares in book-entry accounts The shares subscribed for in the share issue will be entered in the subscriber’s book-entry account once the new shares have been entered in the Trade Register. The share issue is conditional upon the Transaction being carried out and upon that the Board of Directors has accepted the share subscriptions. If the transaction has not been carried out by 26 April 2017, this decision of the Board of Directors on a directed share issue will cease to be in effect. The Board of Directors of the Company shall accept all subscriptions made on the basis of the subscription right and in accordance with these terms and conditions as well as in accordance with the laws and provisions governing share subscription. The documents referred to in Chapter 5 Section 21 of the Finnish Limited Liability Companies Act will be on view as of the start of the subscription period at the Company’s head office at Arkadiankatu 2, FI-00100 Helsinki, Finland. Note to investors and governing law and dispute resolution The shares may not directly or indirectly be offered, sold, resold, transferred or delivered to Australia, Japan, Canada, Hong Kong, South Africa, the United States or any other country where offering the shares would be illegal. Documents related to the share issue may not be delivered to persons in these countries. No actions have been taken to register the shares or the share issue or to generally offer the shares in other countries than Finland. The company’s shareholder or other investor is considered to have accepted the aforementioned limitations to the share issue, and the shares shall be governed by Finnish law. Any possible disputes arising from the share issue shall be resolved in a competent court in Finland. The Board of Directors of the company shall decide upon other matters related to the share issue and practical measures arising thereof.


HOUSTON, April 25, 2017 (GLOBE NEWSWIRE) -- Frank’s International N.V. (the “Company”) (NYSE:FI) announced today that it will host a conference call to discuss its first quarter 2017 results on Tuesday, May 2, 2017 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). The Company will issue its first quarter 2017 earnings release prior to the conference call. Participants may join the conference call by dialing (888) 771-4371 or (847) 585-4405. The conference call ID number is 44788866. To listen via live webcast, please visit the Investor Relations section of the Company's website, www.franksinternational.com. An audio replay of the conference call will be available approximately two hours after the conclusion of the call. The audio replay will remain available for seven days by dialing (888) 843-7419 or (630) 652-3042. The conference call audio replay access code is 44788866. The audio replay will also be available in the Investor Relations section of the Company’s website approximately two hours after the conclusion of the call and remain available for a period of approximately 90 days. Frank’s International N.V. is a global oil services company that provides a broad and comprehensive range of highly engineered tubular running services, tubular fabrication, and specialty well construction and well intervention solutions with a focus on complex and technically demanding wells. Founded in 1938, Frank’s has approximately 3,000 employees and provides services to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries on six continents. The Company’s common stock is traded on the NYSE under the symbol “FI.”  Additional information is available on the Company’s website, www.franksinternational.com.


HOUSTON, April 25, 2017 (GLOBE NEWSWIRE) -- Frank’s International N.V. (the “Company”) (NYSE:FI) announced today that it will host a conference call to discuss its first quarter 2017 results on Tuesday, May 2, 2017 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). The Company will issue its first quarter 2017 earnings release prior to the conference call. Participants may join the conference call by dialing (888) 771-4371 or (847) 585-4405. The conference call ID number is 44788866. To listen via live webcast, please visit the Investor Relations section of the Company's website, www.franksinternational.com. An audio replay of the conference call will be available approximately two hours after the conclusion of the call. The audio replay will remain available for seven days by dialing (888) 843-7419 or (630) 652-3042. The conference call audio replay access code is 44788866. The audio replay will also be available in the Investor Relations section of the Company’s website approximately two hours after the conclusion of the call and remain available for a period of approximately 90 days. Frank’s International N.V. is a global oil services company that provides a broad and comprehensive range of highly engineered tubular running services, tubular fabrication, and specialty well construction and well intervention solutions with a focus on complex and technically demanding wells. Founded in 1938, Frank’s has approximately 3,000 employees and provides services to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries on six continents. The Company’s common stock is traded on the NYSE under the symbol “FI.”  Additional information is available on the Company’s website, www.franksinternational.com.


News Article | April 3, 2017
Site: globenewswire.com

Oriola-KD Corporation's name is now Oriola Corporation The AGM resolved to amend Article 1 of the company's Articles of Association in accordance with the proposal of the Board of Directors as follows: the corporate name of the company is Oriola Corporation. According to this decision the new name of the company Oriola Corporation has been now been entered in to the trade register. Company name in Finnish is Oriola Oyj and in Swedish Oriola Abp. Petter Sandström General Counsel, secretary to the Board of Directors tel.  +358 10 429 5761 e-mail: petter.sandstrom@oriola.com Distribution NASDAQ OMX Helsinki Ltd. Key media Released by: Oriola Corporation Corporate Communications Orionintie 5 FI-02200 Espoo, Finland www.oriola-kd.com


News Article | April 27, 2017
Site: globenewswire.com

HOUSTON, April 27, 2017 (GLOBE NEWSWIRE) -- Frank’s International N.V. (NYSE:FI) (Frank’s) will demonstrate the SKYHOOK™ Wireless Cement Line Make Up Device May 1-4, 2017, in Booth 1127 at the NRG Center as part of the 2017 Offshore Technology Conference (OTC 2017) taking place in Houston, Texas. The SKYHOOK™ is an award-winning, revolutionary solution for remotely connecting high pressure pumping lines during cementing operations, improving both safety and efficiency. Live technical presentations will take place at 1:30 p.m. each day of the exhibition in the Frank’s booth (1127). The SKYHOOK™ eliminates the need for hands-on intervention high in the derrick during cementing operations, which increases efficiency and eliminates the dangerous potential for falls. When using the SKYHOOK™, operational flow-line make up time is reduced from half an hour to mere minutes and cementing operations can continue in even extreme weather conditions. In October 2016, the SKYHOOK™ was awarded the New Technology of the Year Award at the Texas Oil and Gas Awards, following its first field deployment in September 2016 in the Gulf of Mexico. The SKYHOOK™ was patented and developed by Blackhawk Specialty Tools (Blackhawk) and is part of a technologically-advanced specialty cementing suite of products that complements the Frank’s tubular running services portfolio, allowing Frank’s to offer customers integrated well construction solutions, as well as well intervention and completions solutions, across land, shelf, and deepwater applications. In addition to the SKYHOOK™, Frank’s will highlight proprietary drilling technologies that help optimize the drilling practice in extended reach wells, while preventing failures, reducing overall costs, and preserving well integrity. These include the patented Harmonic Isolation Tool (HI Tool®), and the Drill String Torque Reducer (DSTR™) sub. Frank’s non-marking Fluid Grip® tong will also be featured. OTC was founded in 1969, and is widely acknowledged as the largest annual oil and gas industry event in the world, attracting attendees from 100 countries. “OTC offers a valuable opportunity to showcase our latest technologies to a knowledgeable industry audience,” remarked Frank’s President and CEO Douglas Stephens. “This year, we are proud to feature new solutions that not only facilitate the most complex completions, but save time and money while enhancing safety on the rig.” Frank’s International, N.V. is a global oil services company that focuses on complex and technically demanding wells by providing a broad and comprehensive range of highly engineered tubular running services, tubular fabrication, and specialty well construction and well intervention solutions. Founded in 1938, Frank’s International has approximately 3,000 employees and provides services to exploration and production companies in onshore and offshore environments in approximately 60 countries on six continents. Frank’s International common stock is traded on the NYSE under the symbol “FI.”  Additional information is available on www.franksinternational.com.


News Article | August 15, 2017
Site: www.eurekalert.org

WASHINGTON - Conventional particle accelerators can range from large room-sized devices to facilities multiple kilometers across. One of the ways that scientists have looked to reduce the size and expense of future accelerators is by developing laser -driven plasma acceleration. Such accelerators, however, are growing in size and complexity in order to maintain relevance for one of their applications--high energy physics. However, there are many applications that can use a lower energy and higher repetition rate accelerated beam. For the first time, scientists have observed the production of relativistic electrons driven by low-energy, ultrashort mid-infrared laser pulses. A research team at the University of Maryland, USA, with support from the Technical University of Vienna, Austria, will present their group's findings at Frontiers in Optics + Laser Science APS/DLS (FIO + LS), held 17-21 September 2017 in Washington, DC. "We're trying to develop laser-driven accelerators that are extremely compact and have a high repetition rate," said Howard Milchberg, Fellow of The American Physical Society (APS) and The Optical Society (OSA), and professor of Physics and Electrical Engineering at the University of Maryland. "That means using as low a laser pulse energy as possible to generate relativistic electrons. Such sources could have use in rapid scan imaging for medical, scientific and security applications." Recently, the development of optical parametric chirp pulse amplification (OPCPA) systems in the mid-infrared has enabled the use of long wavelength pulses on the femtosecond scale. Until this development, long wavelength laser pulses have primarily been available from CO2 lasers, but they have a complicated multi-pulse structure with pulse durations extending, at the shortest durations, beyond several picoseconds, hundreds of times longer. Common laser-driven acceleration experiments depend on short laser pulse interaction with a gas target. Compared to prior experiments, the long driver wavelength used in this project resulted in easy access to what is called the "critical density" regime. Because the critical density varies inversely as the square of the laser wavelength, gas targets used for mid-IR laser pulses can be up to 100 times less dense than those used in the visible and near-IR, making them far less difficult to engineer. "When a few-millijoule femtosecond mid-IR laser pulses is focused by a curved mirror into a hydrogen gas jet - a stream of hydrogen puffing out of a nozzle - a collimated pulse of relativistic electrons beams out the other side of the jet," Milchberg said, describing the experiment. "However, this can't happen unless the laser achieves an extremely high intensity - much higher than achievable by focusing with the curved mirror alone. It does so by relativistic self-focusing in the ionized hydrogen gas so that it collapses to a size much smaller than its focal spot." The importance of being in the critical density regime, according to Milchberg, is that it promotes relativistic self-focusing even for low energy laser pulses. This boosted high-intensity interaction generates plasma waves that accelerate some of the electrons from the ionized hydrogen into a forward-directed relativistic beam. The team found that electron beams were present for powers such that the characteristic self-focusing length in plasma was shorter than the, gas jet width, showing that electron acceleration cannot occur without relativistic self-focusing. Relativistic self-focusing is an extreme example of the well-known process of self-focusing in nonlinear optics, but now with the bonus of accelerated relativistic particles generated from the nonlinear medium. Even with only 20 millijoules of mid-IR laser energy, the laser in these experiments can significantly exceed the threshold for relativistic self-focusing, giving rise to relativistic multi-filamentation. The team observed multiple relativistic electron beamlets associated with these filaments. These innovations are among the beginning steps for the development and applications of high repetition rate laser driven accelerators. "In particular," Milchberg said, "long wavelength femtosecond lasers are especially promising, as they can access the relativistic nonlinear regime of free electrons surprisingly easily." The presentation entitled "Laser wakefield acceleration with mid-IR laser pulses," by Daniel Woodbury, will take place from on Monday, 18 September at the International Ballroom East, Washington Hilton, Washington DC, USA. Media Registration A media room for credentialed media and analysts will be located on-site. Media interested in attending the event should register on the FiO + LS website media center: Media Center. Frontiers in Optics is The Optical Society's (OSA) Annual Meeting and held together with Laser Science, a meeting sponsored by the American Physical Society's Division of Laser Science (DLS). The two meetings unite the OSA and APS communities for five days of quality, cutting-edge presentations, in-demand invited speakers and a variety of special events spanning a broad range of topics in optics and photonics--the science of light--across the disciplines of physics, biology and chemistry. The exhibit floor will feature leading optics companies, technology products and programs. More information at: FrontiersinOptics.org. Founded in 1916, The Optical Society (OSA) is the leading professional organization for scientists, engineers, students and business leaders who fuel discoveries, shape real-life applications and accelerate achievements in the science of light. Through world-renowned publications, meetings and membership initiatives, OSA provides quality research, inspired interactions and dedicated resources for its extensive global network of optics and photonics experts. For more information, visit osa.org.


News Article | September 21, 2017
Site: www.eurekalert.org

WASHINGTON - The 2017 Frontiers in Optics + Laser Science (FIO + LS) conference and exhibition concluded today featuring the latest in optics and photonics research and technology. With over 1,200 attendees, this year's meeting has been redesigned to provide attendees with innovative elements, such as the new Science and Industry Showcase and Visionary Speakers, and new presentation formats to spur thoughtful conversation around a richer array of results. The conference was built around four transformative technologies that are redefining the future: Automotive, Nanophotonics and Plasmonics, Optics in Computing and Virtual Reality and Augmented Vision. "The technology enabled by optics and photonics is extraordinary," said Roseanne Sension, general co-chair for Laser Science. "The conference aligned the FIO + LS programming to offer a true glimpse of the intersection of science and applications." Addressing the new meeting format, Susana Marcos, general co-chair for Frontiers in Optics said, "FIO + LS's new programming, speaker categories and presentation opportunities offered an exciting new experience for people at either their first FIO + LS meeting, or those who have been attending for many years, with trans-disciplinary contents, fostering exchanges between academia and industry, and cross-pollination opportunities across fields." Bridging the gap between academia and applied research, this year's conference featured a variety of special events on the exhibition floor, live demonstrations and programming to support professional development and facilitate networking. Highlights included seven programs from OSA Technical Groups discussing nearly every facet of the optics community, electronic posters presented by attendees and students and 'rapid oral' presentations which offered a new format for presenters, attendees and exhibitors to share and collaborate. Groot Gregory, technical marketing director at Synopsys and FIO + LS exhibitor, said "The new features incorporated this year, such as the integration of the posters and 'rapid fire' oral presentations, was an effective way to bring conference attendees to the exhibition floor. Those direct interactions, maximized our ability to connect with current and potential customers." Jin U. Kang, from the Laboratory for Computational Sensing and Robotics (LCSR), Johns Hopkins University, added "Our team had a live demonstration of surgical robots for eye surgery on display at FiO + LS. The exhibition offered us an opportunity to connect with those in the optical sciences to showcase how photonic techniques can be used to guide medical robots and provide critical information that can make robotic surgeries safer and better." FIO + LS featured two outstanding plenary speakers focusing on the high-profile technologies that are reshaping automobiles and astrophysics. Plenary presentations from Jason Eichenholz looked at LiDAR for autonomous vehicles, and Laura Cadonati detailed LIGO's recent achievements in creating a new astronomy of gravitational waves. "We were extremely fortunate to have Jason and Laura as our plenary speakers this year," said Steven Cundiff, co-chair of Frontiers in Optics meeting. "Gravitational waves and the future of self-driving cars are hot optics. Not only for optics and photonics, but for society as a whole. The discoveries these two discussed will affect how we get around in the future and how much we can learn about the universe." In addition to the plenary speakers, FIO + LS took advantage of the Washington, DC location and featured a talk from Rush Holt, CEO of the American Association for the Advancement of Science (AAAS) and former Congressmen from New Jersey. The program focused on the role scientists should play in the policy-making process, how people can get more involved in legislative process and a question and answer session with the audience. As technology advances at an ever-increasing pace, the potential applications for optics continue to grow and fuel new discoveries. To highlight the breakthrough work being done in optics, a new speaker category of was introduced this year. Mark G. Raizen, general co-chair for Laser Science further explained, "The Visionary Speaker series is a great initiative, providing colloquium-style talks by recognized leaders in optics and laser science." These "Visionary Speakers" were optical science innovators and leaders from both within and beyond the optics and photonics community. The Visionary Speakers discussed the future of innovation as it related to the four main conference themes. Videos of these presentations will be available on-demand in October on the FiO + LS website. Researchers from around the world presented industry leading technical peer-reviewed papers on topics including: Relativistic Self-Focusing Gives Mid-IR Driven Electrons a Boost -- A team of researchers from the University of Maryland in College Park, USA and the Technical University of Vienna, Austria observed the production of relativistic electrons driven by low-energy, ultrashort mid-infrared laser pulses. Getting Hold of Quantum Dot Biosensors -- Researchers from the University of Melbourne, Australia and Huazhong University o Science and Technology, China harnessed the power of optical tweezers to develop an all-silicon nanoantenna to trap individual quantum dots suspended in a microfluidic chamber. Clamping Down on Causality by Probing Laser Cavities -- A collaboration between the University of Central Florida and Yale University was able to monitor the optical response of an externally probed laser cavity before and after gain clamping, revealing the underlying mechanisms driving the cavity's responses. FIO + LS 2017 provided attendees from around the world with the opportunity to network, present, learn, and connect. The 2018 conference will be held on 16-20 September at the Washington Hilton, Washington, District of Columbia, USA. Frontiers in Optics is The Optical Society's (OSA) Annual Meeting and held together with Laser Science, a meeting sponsored by the American Physical Society's Division of Laser Science (DLS). The two meetings unite the OSA and APS communities for five days of quality, cutting-edge presentations, in-demand invited speakers and a variety of special events spanning a broad range of topics in optics and photonics--the science of light--across the disciplines of physics, biology and chemistry. The exhibit floor will feature leading optics companies, technology products and programs. More information at: FrontiersinOptics.org. Founded in 1916, The Optical Society (OSA) is the leading professional organization for scientists, engineers, students and business leaders who fuel discoveries, shape real-life applications and accelerate achievements in the science of light. Through world-renowned publications, meetings and membership initiatives, OSA provides quality research, inspired interactions and dedicated resources for its extensive global network of optics and photonics experts. For more information, visit osa.org.


News Article | September 18, 2017
Site: www.prweb.com

Already this year, nine hospitals across the country have filed for bankruptcy protection, posting record profit losses as a result of several factors contributing to revenue cycle mismanagement. As a result, more hospital systems are considering bankruptcy as their only option for financial relief. Fi-Med, an industry leader in compliance and predictive analytical tools for hospitals and healthcare systems nationwide, offers risk-based auditing software as the solution, allowing users to diagnose and address common coding issues that cost healthcare facilities millions of dollars. Declining patient payments, increased debt levels, and penalties incurred as a result of overbilling all account for such losses and the decreased rates of reimbursement.(1) As the insurance landscape continues to evolve, patients are increasingly on the hook for larger portions of their medical bills. Traditionally, hospitals and healthcare providers have received up to 90% of reimbursement from private insurers and governmental agencies.(2) However, due to high-deductible insurance plans, patients are now forced to pay as much as 30% of their healthcare bills out-of-pocket; as a result, hospitals lose out on revenue collection, as many medical bills go unpaid.(2) As much as 65 cents out of every dollar billed to patients goes uncollected.(2) Furthermore, fraudulent billing practices have already led to an increase in healthcare facility audits and court actions against hospitals and providers who are found to be overbilling. One report from the Centers for Medicare and Medicaid Services found that hospitals account for 88% of Medicare program losses, in large part due to physician “up-coding”—charging for more expensive services that were not performed—as well as other documentation errors.(3) Since 2010, governmental recovery audit contractors have worked to audit hospitals and healthcare systems for billing and payment errors, which has substantially increased the administrative burden on healthcare facilities and resulted in costly denials of payments.(4) A large part of the problem for healthcare facilities is the time and attention to detail it takes to ensure full compliance with regulations and implementation of proper coding for accurate reimbursement. Adrian Velasquez, CEO and Founder of Fi-Med, creator of REVEAL/md, says, “It takes tremendous effort for hospitals to get to the root of coding issues that cost them millions of dollars, and many healthcare facilities simply don’t have the manpower to perform such a task. In holding to the status quo, hospitals risk a visit from governmental auditors who could determine that the hospitals have been overpaid—and the money then has to be repaid. It’s a position no hospital administrator wants to be in, especially if the facility is already experiencing financial distress.” A possible solution to the problem is the incorporation of analytical software, such as REVEAL/md, into existing hospital billing programs. This secure, subscription-based service evaluates a facility’s existing billing data for any compliance risks by tracking provider coding behavior. As a result, hospitals can identify and take steps to improve compliance risks before any audits take place. “Hospitals can help to avoid audits that lead to bankruptcy by using analytical tools that flag major risk factors before it’s too late,” says Velasquez. “In identifying coding errors early, it’s certainly possible to remain in compliance with the rules and dodge the bankruptcy bullet.” About Fi-Med: Since 1993, Fi-Med has been working alongside healthcare providers and networks to maximize revenue and reduce risk—from catching billing errors to providing high-level safeguards against compliance risk. Fi-Med is a healthcare-technology leader helping to disrupt the status quo of the increasing burden of government compliance for hospitals and hospital systems nationwide, by providing financial management and reporting services. Their strong reputation for maximizing revenue and reducing risk for hundreds of hospitals, labs, private physicians, and healthcare networks is the result of the technology tools that they have created. REVEAL/md is the keystone product for the compliance departments of healthcare providers, empowering proactive management of physician part B audits of documentation and coding. For more information, visit http://www.fimed.com. About Adrian Velasquez: Armed with a record of extraordinary success in the business of healthcare, Adrian E. Velasquez partnered with Christine Krause to form Fi-Med Management, Inc., in 1993. Their mission: to bring business acumen and compliance expertise to healthcare providers throughout the United States. They’ve become trusted experts in the fields of financial healthcare management, compliance and risk assessment, and chronic care management. Adrian’s extensive experience as a systems administrator and national healthcare consultant formed the foundation that he harnesses today for Fi-Med clients. Sources: 1.    9 hospital bankruptcies so far in 2017. Becker’s Hospital CFO Report. http://www.beckershospitalreview.com/finance/9-hospital-bankruptcies-so-far-in-2017-070617.html 2.    Why more than half of hospital bills don’t get paid. Tennessean. http://www.tennessean.com/story/money/industries/health-care/2016/03/07/why-more-than-half-hospital-bills-dont-get-paid/81297202/ 3.    Without Oversight, Medicare Threatened by Hospital Billing Errors. Forbes. https://www.forbes.com/sites/realspin/2014/08/12/without-oversight-medicare-threatened-by-hospital-billing-errors/#2f1cda5b28f3 4.    Recovery Audit Contractor (RAC) Program. American Hospital Association. http://www.aha.org/advocacy-issues/rac/index.shtml

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