General Electric is an American multinational conglomerate corporation incorporated in New York and headquartered in Fairfield, Connecticut. The company operates through the following segments: Energy , Technology Infrastructure, Capital Finance as well as Consumer and Industrial.In 2011, GE ranked among the Fortune 500 as the 26th-largest firm in the U.S. by gross revenue, as well as the 14th most profitable. However, the company is listed the fourth-largest in the world among the Forbes Global 2000, further metrics being taken into account. Other rankings for 2011/2012 include No. 7 company for leaders , No. 5 best global brand , No. 63 green company , No. 15 most admired company , and No. 19 most innovative company . Wikipedia.
News Article | May 8, 2017
NEWARK, N.J. and CHARLESTON, S.C., May 08, 2017 (GLOBE NEWSWIRE) -- Arkados Group, Inc. (OTC:AKDS), a leading software developer and system integrator enabling Internet of Things (IoT) applications for commercial and industrial customers, today announced it has completed the acquisition of SolBright Renewable Energy , LLC, a renewable energy design and development company based in Charleston, SC. The deal was originally announced on March 17, 2017. In addition, we are pleased to announce that Patrick Hassell has been appointed as the President of Arkados Energy Solutions, LLC, our energy services business. Mr. Hassell most recently served as the Founder and Managing Director of SolBright Renewable Energy . Prior to SolBright, Mr. Hassell was President and CEO of AkroMetrix, a prominent microelectronics industry equipment manufacturer. Mr. Hassell received a BS in Civil Engineering from the University of Virginia and later received a Master’s of Science in Management from the Georgia Institute of Technology. SolBright Renewable Energy is a leading provider of turnkey development, engineering, procurement and construction (EPC) services for the commercial/industrial and military solar photovoltaic markets. Arkados paid $15 million in a combination of cash, debt and stock for substantially 100% of the assets of SolBright, including a current backlog of approximately $40 million in distributed generation EPC projects and a substantial pipeline of additional projects throughout the Eastern United States. This transaction allows Arkados to significantly expand its Arkados Energy Solutions business into the rapidly growing renewable energy industry and is expected to open new customer opportunities for its cutting-edge Internet of Things solutions. “SolBright has been one of the more active super-regional designers and installers of solar systems primarily along the East Coast but as far reaching as California, by completing approximately 30 MW of projects during that time. SolBright’s strong track record, which is a testament to Patrick and his team, yielded industry leading win rates and a loyal, blue chip customer base,” said Terrence DeFranco, CEO of Arkados Group, Inc. “The closing of this acquisition marks an important milestone in our growth and is expected to be a tremendous catalyst for revenue and earnings growth. Our unique model of combining the value of renewable energy services with the vast benefits of our IIoT Arktic™ software platform should create great value for our customers and our shareholders and we have great confidence in Patrick and his team leading this business to new heights.” “We believe that this transaction will allow us to take our business to the next level and realize many more opportunities with our existing and future customer opportunities,” stated Mr. Hassel. “Over the past 8 years, we’ve built an award-winning business and established our brand that has become known for quality, reliability and excellent service. With Arkados, we can add a cutting-edge set of services that should help to establish us as a clear leader in the industry. The SolBright team is very excited to have access to Arkados’ technology solutions based on our belief that our customers will greatly benefit from them.” AIP Private Capital and AIP Asset Management acted as the lead investors for the acquisition financing, providing $2 million in convertible debt and an additional $500,000 in equity. L2 Capital, LLC and SBI Investments, LLC provided subordinated debt in the amount of $792,000 and the Company secured additional working capital of approximately $600,000 in equity from other investors. Joseph Gunnar & Co., LLC, a leading New York City-based securities and investment bank established in 1997, acted as the placement agent and advisor to Arkados and will continue in this capacity as the Company explores other opportunities. The Capital Corporation, a leading investment bank headquartered out of Greenville, South Carolina and with offices in Spartanburg, South Carolina and Boca Raton, Florida, served as the exclusive investment banking advisor to SolBright on the transaction. Detailed information related to the transaction can be found in the Company’s Current Report on Form 8K filed with the Securities and Exchange Commission on May 5, 2017 at www.sec.gov. General Electric estimates that the Industrial Internet of Things (IIoT), the use of sensing, data gathering, monitoring and controlling commercial and industrial machinery, will reach $60 trillion worldwide in the next 15 years. IIoT technology and software applications in combination with on-site renewable energy generation and emerging battery storage capabilities provides a complete solutions set for optimizing energy efficiency and corporate energy spend. In November 2015, Gartner estimated that the Internet of Things will consist of 20.8 billion connected objects in use by 2020, up from 6.4 billion in 2016 and that enterprise customers represent the largest spending on these devices. Another more recent Gartner report estimates IoT deployment in commercial buildings is on track to reach just over 1 billion in 2018. Arkados Group, Inc. (“Arkados” or the “Company”), through its subsidiaries, is a provider of scalable and interoperable Internet of Things solutions focused on industrial automation and energy management. We execute our business as a software-as-a-service (SaaS) application developer and energy services firm that helps commercial and industrial facilities owners and managers leverage the Internet of Things to reduce costs and improve productivity with unique, cutting-edge building and machine automation solutions. The Company’s Arktic™ software platform is a scalable and interoperable cloud-based system for sensing, gathering, storing, analyzing data as well as reporting critical information and implementing command and control. Our applications currently focus on measurement and verification and predictive analytic and are delivered to customers as a complement to our services business, which focuses primarily on reducing energy costs through solar PV, LED lighting and other energy conservation services for the commercial and industrial facilities market. More information is available at our web site at www.arkadosgroup.com. SolBright Renewable Energy is a turnkey developer and EPC of Solar Photovoltaic projects for long term, stable, distributed power solutions. SolBright focuses on military, municipal and commercial/industrial markets, with projects ranging in size from 100 kWp to 5,000 kWp. SolBright’s services include market assessment, design/engineering, installation, operation and maintenance/monitoring, financing and project ownership. SolBright has distinct competitive advantages for ground, parking canopy and roof-top solar applications that ensure integration with existing/new roof warranties. SolBright has a national reach within the United States, with projects successfully delivered throughout the southeast, mid-Atlantic and northeast and as far west as California. AIP is a Toronto-based asset management company, managing hedge and mutual funds and discretionary separately managed accounts. AIP has been named Best Global Macro Hedge Fund in Canada at the Hedge Fund Awards sponsored by Barclay Hedge and was nominated for the Ernst and Young Entrepreneur of the Year Award. Its core focus is to help clients, be they institutions, hedge funds, mutual funds, family offices, or retail investors, achieve their investment goals. About AIP Private Capital - it is a privately-held investment firm, focuses on emerging growth companies primarily in Financial Services and Technology sectors with unique assets, strong business models and seasoned management teams with the skills and ability to grow the company quickly to profitability. AIPPC provides private equity/debt, VC, special situations investments and short-term financing as well as technical, board and managerial leadership. AIPPC is a member of the CVCA, TMA and was recently nominated for the Ernst and Young Entrepreneur of the Year Award. Forward-Looking Statements This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts and can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and include statements regarding the contributions expected from Mr. Hassell, the expected new customer opportunities for the Company’s cutting-edge Internet of Things solutions, the value for the Company’s customers and shareholders to be derived from the acquisition, the belief that this transaction will allow us to take the Company’s business to the next level and allow it to realize many more opportunities with its existing and future customer opportunities, becoming a clear leader in the industry and the size of the market. These statements are subject to uncertainties and risks many of which are difficult to predict, including the ability to successfully integrate the new business and new management team with the Company’s existing business and managements team. Product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the Company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by this cautionary statement and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
News Article | May 2, 2017
The 2017 study has 678 pages, 240 tables and figures. Worldwide Internet of Things (IoT) markets are poised to achieve significant growth with the use of sensors, cameras, and platforms that are used to help implement precision digital control and send alerts for all manner or management of devices and machinery. Visualization and digitization let people better control any device or mechanical thing. Providers of Industrial IoT aim to implement asset efficiency solutions. Designing the asset efficiency solution, developing the application, adapting advanced engineering knowledge for the use cases, and supplying the information platform is the composite task of the analytics engine. IBM is a premier supplier of an analytics engine with its Watson product. There is enormous variety in the Internet of things markets. Bosch supplies industrial IoT sensor technology, acquiring data from the edge, providing device management. Scalability is achieved by the Bosch IoT Suite and ProSyst IoT middleware. The Vorto code generator enables M2M modelling. PTC supplies the Thingworx Application Enablement Platform (AEP), used for creating dashboards, widgets and other user interface elements. Intel provides the Moon Island Gateway used for data aggregation at the edge, as well as horizontal infrastructure in collaboration with HP. Hitachi analytics is used to diagnose manufacturing process. Hitachi uses its analytics platform to integrate production and sensor data outputs to help visualize, analyze and diagnose a manufacture polymer mixing problems. A polymer mixing process was said to be producing inconsistent output quality, with yields dipping to 50%. Hitachi addressed the scrapping of poor batches and huge costs by addressing ever-changing product specifications and variations in a range of production parameters. Using IoT and the analytics platform, production engineers were able to stabilize the process even as new product formulations were introduced. The Internet of Things (IoT) is the next Industrial Revolution. It will impact the way all businesses, governments, and consumers interact with the physical world. 1 Gbps and 10 Gbps speed has been used in data centers for years. The jump to 40 Gbps and 100 Gbps has come rapidly as a result of the need to increase the quantity of data managed inside the data center with more analytics and more applications. Many of the Cloud 2.0 mega data centers have moved to 100 Gbps, presaging the move to 400 Gbps. One reason for the increase in speed is the growth of data consumption, attributed to smartphones, social media, video streaming, Internet of Things (IoT), and big data. Big pipes are used to cope with the huge quantities of data that are being transferred. Users, partners, suppliers and other mega-datacenters communicate using digital systems that are automated and self-healing. The effect on the business is compelling, managers have much more responsibility to create maps of strategy and work with IT to see that developers tune the software to fit the current competitive environment. The explosion of data comes from smart phone apps and IoT digital onslaught of streaming data that needs to be processed in real time to look for anomalies, look for change, set alerts, and provide automated response to shifts. “Transparency is one of the benefits of IoT that sensors bring to digital controls. The benefits of digital manufacturing, farming, and automotive vehicles are higher productivity and more efficient use of resource. Transparency in is being asked for by consumers. Consumers want to know where their food came from, how much water and chemicals were used in food preparation, and when and how the food was harvested and transported. They want to know about consistent refrigeration during transport.” Use of IoT sensors and cameras represents a key milestone in provision of value to every industry. Customized cameras are used to take photos and videos with stunning representations. Digital controls will further automate flying and driving, making ease of use, flight stability, and automated cars a reality. New materials and new designs are bringing that transformation forward. By furthering innovation, IoT continued growth is assured. The worldwide market for Internet of Things (IoT) is $16.3 billion in 2016 anticipated to reach $185.9 billion by 2023. Sensors and software analytics platforms are implemented with connectivity capability for streaming data from endpoints and using analytics to process the data in a manner that generates alerts when appropriate. The complete report provides a comprehensive analysis of Internet of Things (IoT) in different categories, illustrating the diversity of uses for digital tracking devices in industry, healthcare and consumer markets. Analytics makes the images more cogent to everyone, farmers, doctors, machine operators, the uses of IoT are quite diverse. Letting people anticipate problems that only become visible to humans days or weeks after the sensors and images detect issues is a fundamental aspect of IoT, along with generating apocopate levels of alerts. Not too many and not too few. Aerialtronics Adobe Amazon Apple AutoDesk AutoDesk CAD-in-the-Cloud Bosch Cisco Systems Digi Inter national Cybus Enevo Oy Technologies Essence General Electric GE GE Wireless Sensor Networks Google Google / Nest Learning Thermostat Google Chromecast Health Slam -IoT Slam Huawei Huawei Partners with China Telecom, Shenzhen Gas On Smart Utility IBM Corporation Infineon Technologies AG Infineon Chip Card & Security Intel Corporation Intel Acquires Mobileye Internet of Things Community KT Microsoft Microsoft Microsoft / Mojang AB Minecraft Microsoft / Skype / GroupMe Free Group Messaging MuleSoft Nokia oneM2M Panoramic Power Oracle PTC Qualcomm Samsung Samsung Agreed to Buy Harman Harman International Industries (ADITI TECHNOLOGIES) SAP Schaeffler Sierra Wireless Business and Innovation Development Sigfox Softbank Softbank “IBM Watson” Softbank Sprint Softbank Yahoo Fukuoka SoftBank HAWKS Spirent STMicroelectronics Symantec / Norton Symantec Creating Trusted Interactions Online Schneider Electric Software, Llc. Uber UIB Zebra ZTE Internet of Things (IoT) IoT Endpoints Universal IoT Platform IoT Suite Web Services Blockchain Networks Wireless Sensor Networks Security and Energy Management Healthcare Transportation Self Driving Cars Agriculture IoT Weather IoT Financial IoT Industrial IoT Manufacturing IoT Security IoT Energy Management Internet of Things IoT Security Healthcare IoT Wearable Technology Self-Driving Cars Connected Cars Rail Transportation IoT Sensor and Computing Configurations Agricultural and Weather IoT IoT chipsets …CONTINUED For more information, please visit http://www.wiseguyreports.com
News Article | April 26, 2017
Dublin, April 26, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of Wintergreen Research, Inc's new report " Internet of Things (IoT) Market Shares, Strategies, and Forecasts 2017 to 2023" to their offering. The study is designed to give a comprehensive overview of the Internet of Things (IoT): market segment. Research represents a selection from the mountains of data available of the most relevant and cogent market materials, with selections made by the most senior analysts. Worldwide Internet of Things (IoT) markets are poised to achieve significant growth with the use of sensors, cameras, and platforms that are used to help implement precision digital control and send alerts for all manner or management of devices and machinery. Visualization and digitization let people better control any device or mechanical thing. Providers of Industrial IoT aim to implement asset efficiency solutions. Designing the asset efficiency solution, developing the application, adapting advanced engineering knowledge for the use cases, and supplying the information platform is the composite task of the analytics engine. IBM is a premier supplier of an analytics engine with its Watson product. There is enormous variety in the Internet of things markets. Bosch supplies industrial IoT sensor technology, acquiring data from the edge, providing device management. Scalability is achieved by the Bosch IoT Suite and ProSyst IoT middleware. The Vorto code generator enables M2M modelling. PTC supplies the Thingworx Application Enablement Platform (AEP), used for creating dashboards, widgets and other user interface elements. Intel provides the Moon Island Gateway used for data aggregation at the edge, as well as horizontal infrastructure in collaboration with HP. Key Topics Covered: INTERNET OF THINGS (IOT) EXECUTIVE SUMMARY - Internet of Things (IoT) Market Driving Forces - IoT Technology Market Driving Forces - IoT Technology Market Challenges - Internet of Things (IoT) Market Shares - Internet of Things (IoT) Market Forecasts - IoT Market Opportunity Huge 1. INTERNET OF THINGS (IOT): MARKET DESCRIPTION AND MARKET DYNAMICS 1.1 IoT Sensor Types 1.2 Internet of Things (IoT) Based on Standards 1.3 With IoT, APIs Are Used for Everything 1.4 Internet of Things Revolution Dramatically Alters the Economy 2. INTERNET OF THINGS (IOT) MARKET SHARES AND FORECASTS 2.1 Internet of Things (IoT) Market Driving Forces 2.2 Internet of Things (IoT) Market Shares 2.3 Internet of Things (IoT) Market Forecasts 2.4 Internet of Things Market Segments: Security and Energy Management, Healthcare, Transportation and Self Driving Cars, Agriculture and Weather, Financial, Industrial and Manufacturing 2.5 Security and Energy Management Internet of Things Market 2.6 Healthcare 2.7 Self Driving Cars / Connected Cars / Transportation 2.8 Agricultural and Weather IoT 2.9 Industrial IoT 2.10 Financial Internet of Things Market Segment 2.11 IoT chipsets 2.12 IoT Data Use Forecasts 2.13 Mid IR Sensor Market Forecasts 2.14 Internet of Things (IoT) Regional Analysis 3. INTERNET OF THINGS IOT PRODUCT DESCRIPTION 3.1 IBM 3.2 Intel 3.3 Microsoft IoT 3.4 Hewlett HP IoT 3.5 Apple 3.6 Google 3.7 Cisco 3.8 Samsung 3.9 AutoDesk 3.10 Zebra 3.11 SAP 3.12 Siemens 3.13 Bosch Software Innovation 3.14 Huawei Technologies 3.15 Harman International Industries (ADITI Technologies) 3.16 Enevo Oy Technologies 3.17 Infineon Technologies 3.18 Symantec Corporation 3.19 Schneider Electric Software, Llc. 3.20 Apple IoT 3.21 AT&T 3.22 Softbank 3.23 Uber 3.24 oneM2M 3.25 Symantec / Norton Core Router 3.26 Kaptivo 3.27 Oracle 3.28 Schlage IoT Devices 3.29 AGCO 3.30 Alibaba Group in Shanghai 3.31 Essence 4. INTERNET OF THINGS (IOT) RESEARCH AND TECHNOLOGY 4.1 Internet of Things (IoT) Research and Technology 4.2 IoT Common Standards 4.3 Edge Computing 4.4 European Union Research & Innovation 4.5 Wearable Technology 4.6 Blockchain 4.7 Connected Home Camera Technology 4.8 IFTTT 4.9 Wireless Communication Standards 4.10 IBM and Texas Instruments Collaboratively Develop Lifecycle-Management for IoT Devices 5. INTERNET OF THINGS (IOT) COMPANY PROFILES 5.1 Aerialtronics 5.2 Adobe 5.3 Amazon 5.4 Apple 5.5 AutoDesk 5.6 Bosch 5.7 Cisco Systems 5.8 Digi International 5.9 Cybus 5.10 Enevo Oy Technologies 5.11 Essence 5.12 General Electric 5.13 Google 5.14 Health Slam - IoT Slam 5.15 Huawei 5.16 IBM Corporation 5.17 Infineon Technologies AG 5.18 Intel Corporation 5.19 Internet of Things Community 5.20 KT 5.21 Microsoft 5.22 Microsoft 5.23 MuleSoft 5.24 Nokia 5.25 oneM2M 5.26 Panoramic Power 5.27 Oracle 5.28 PTC 5.29 Qualcomm 5.30 Samsung 5.31 SAP 5.32 Schaeffler 5.33 Sierra Wireless Business and Innovation Development 5.34 Sigfox 5.35 Softbank 5.36 Spirent 5.37 STMicroelectronics 5.38 Symantec 5.39 Schneider Electric Software, Llc. 5.40 Uber 5.41 UIB 5.42 Zebra 5.43 ZTE 5.44 Appendix A: Selected IoT Market Participants For more information about this report visit http://www.researchandmarkets.com/research/35xb8h/internet_of
News Article | April 28, 2017
— The Global Industrial Internet of Things (IIoT) Market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of XX% during the forecast period of 2017 - 2022. Get a PDF Sample of Global Industrial Internet of Things Market Report at: http://www.orbisresearch.com/contacts/request-sample/217315 The market for Industrial Internet of Things (IIoT) is set for tremendous growth in 2016 as more and more businesses are realising its potential uses and impact it can have on the global economy. With trillions of dollars at stake on Industrial Internet of Things over the next decade. It is expected that, this market will add close to USD 10 trillion to major economies by 2025, which is huge and will help in maintaining more robust and healthy trade balance in the global economy. One of the recent trends that have been observed in the industry is the lack of readiness of the companies and the acceptability of the technology. Close to only 10 percent of the companies have explicit strategic plans in place and are destined to make concrete progress in this direction. Some of the countries that are expected to make a mark are Switzerland, the United States, the Nordic nations and the Netherlands as these countries have enhanced business and technological infrastructure that bolsters and propels the adoption rate for IIoT. On the contrary, countries like Russia, India, Brazil, Italy and Spain need to invest in service infrastructure to make it come together. Place a Purchase Order for this Report at: http://www.orbisresearch.com/contact/purchase/217315 Some of the key highlights of the report can be listed as: Maintenance of assets and infrastructure and increasing operational efficiency of existing projects is expected to be the top most focused areas in this market during the forecast period. New revenue streams could emerge from unlocking the value of large data, which can be captured and shared by connected, smart devices. New sophistication of jobs is expected to emerge in the near future as the collaboration of man and the machine holds great potential by automating routine task. Healthcare and Manufacturing are expected to be the top most segments in the market and are estimated to occupy the major application shares in the near future. In addition to that, some of the factors that should be taken into consideration to drive productivity and efficiency can be listed as: Emergence of more sophisticated outcome economy will lead to open organizational structure Interoperability issue can be addressed by collaborating borders and industry sectors The merger of human capital and digital technology is expected to drive investments towards new skill production improving input factor productivity However, factors such as adoption barriers, interoperability and risk of security could impact the market growth rate during the forecast period. The market in the study has been segmented into by Technology (Wired and Wireless), by Component (Memory, Processor, RFID, Networking, Power Supply, Sensors, Valves and Actuators and Energy Meter), by Type (Smart Mobility, Smart Buildings, Smart Homes, Smart Lighting, Temperature Sensitive Shipping, Smart Grid, Social Web and Business Web), by Industry/Segments (Transportation, Manufacturing, Retail and Finance, Healthcare, Consumer Services, Security and Utilities), and by Geography (North America, Europe, APAC, Middle East & Africa and Latin America). The detailed analysis and future growth of some of the major companies pertaining to this market covered are General Electric Company, ARM Holding PLC, Broadcom Corporation, CGI Group, Gainspan Corporation, PTC Inc. Atmel Corporation, Axeda Corporation, Real Time Innovations, Zebra Technologies Corporations and Omron Corporation, among others. For more information, please visit http://www.orbisresearch.com/reports/index/global-industrial-internet-of-things-iiot-market-by-technology-wireless-wired-foundation-fieldbus-hart-knx-component-memory-processor-rfid-networking-power-supply-sensors-valves-and-actuators-energy-meter-type-smart-mobility-smart-buildings-smart-homes-sm