News Article | March 11, 2017
On March 5, the U.S. Marine department was embroiled in a nasty scandal, where the defense division of the country came under fire for sharing nude pictures of female mariners online. For the uninitiated, the whistleblower who shed light on the dodgy happenings is Thomas Brennan, the owner of the non-profitable news agency The War Horse. Brennan, a marine veteran as well as a Purple Heart recipient, first discovered the Facebook page "Marines United", along with the offensive images and comments made on them. The images in that page were not only posted but also shared by both working and retired personnel of Navy Corpsman, Marine Corps and British Royal Marines. The images posted in the page belonged to women officers of the Marine Department, both retired and active. However, right after spotting the malicious page, Brennan informed the Marine Department, and as a result the page along with the images were deleted then and there. As a result of which, Brennan was attacked by the officers involved in the crime via social networking sites. Now it has come to light that courtesy a BBC report, that few of the servicemen from the other branches have also been sharing these pictures on an image hosting website name Anon-IB. At first the officers upload clothed images of the female officers, downloaded from their social networking accounts. After that, they enquire from other members whether they have any nude images or not, which are termed as "wins." Along with the image, other information like their name, location or station are also shared. The particular behavior was previously limited only to the "Mainers United" group, which had around 30,000 members. This page was later shut down by the authorities. However, as of now, the images are being shared by various other officers on several other website like the Anon-IB, which has a public access unlike the defunct Marines United. With the message board of Anon-IB open to all, users get an open access to both comments as well as lewd and obscene images of women. A comment uploaded by an anonymous user on Dec.19, stated "Just heard (name removed) and her bf (name removed) broke up," in reply to the post, which involved a personnel at the Offutt Air Force Base in Nebraska. Another post commented on by an user on Sep.12 referred to someone from the Wright Patterson Air Force Base in Ohio and stated "Any wright patt wins?". The U.S. Department of Defense has issued policies to deal with "sexual harassments and hazing." Myles Cuggins, the spokesperson for the U.S. Department of Defense told BBC that they are further enacting out "comprehensive workplace harassment prevention and response policy," to help women deal with such disturbing cases. However, a hearing will be held on the issue by the Senate Armed Services Committee on next week. The Naval Criminal Investigation Services (NCIS), has also launched an investigation into the case. © 2017 Tech Times, All rights reserved. Do not reproduce without permission.
News Article | May 3, 2017
— This report studies the Roofing Systems market status and outlook of global and major regions, from angles of manufacturers, regions, product types and end industries; this report analyzes the top manufacturers in global and major regions, and splits the Roofing Systems market by product type and applications/end industries. The global Roofing Systems market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. The major players in global Roofing Systems market include Etex Group Nv, Owens Corning, Braas Monier Building Group Sa, Henry, GAF, Versico, Classic, IB Roof Systems, Butler, Metal Roofing Systems, CentiMark, TSP Roof Systems, Inc. Geographically, this report is segmented into several key Regions, with production, consumption, revenue, market share and growth rate of Roofing Systems in these regions, from 2012 to 2022 (forecast), covering North America EU China Japan Southeast Asia India South America Middle East and Africa On the basis of product, the Roofing Systems market is primarily split into For Low-Slope Roofing For Steep-Slope Roofing On the basis on the end users/applications, this report covers Residence Infrastructure Commercial Building Other View Some Major Points from Table of Contents: Chapter One: Roofing Systems Market Overview 1.1 Product Overview and Scope of Roofing Systems 1.2 Roofing Systems Segment by Types (Product Category) 1.2.1 Global Roofing Systems Production (K Units) and Growth Rate (%) Comparison by Types (2012-2022) 1.2.2 Global Roofing Systems Production Market Share (%) by Types in 2016 1.2.3 For Low-Slope Roofing 1.2.4 For Steep-Slope Roofing 1.3 Global Roofing Systems Segment by Applications 1.3.1 Global Roofing Systems Consumption (K Units) Comparison by Applications (2012-2022) 1.3.2 Residence 1.3.3 Infrastructure 1.3.4 Commercial Building 1.3.5 Other 1.4 Global Roofing Systems Market by Regions (2012-2022) 1.4.1 Global Roofing Systems Market Size and Growth Rate (%) Comparison by Regions (2012-2022) 1.4.2 North America Roofing Systems Status and Prospect (2012-2022) 1.4.3 China Roofing Systems Status and Prospect (2012-2022) 1.4.4 Europe Roofing Systems Status and Prospect (2012-2022) 1.4.5 Japan Roofing Systems Status and Prospect (2012-2022) 1.5 Global Roofing Systems Market Size (2012-2022) 1.5.1 Global Roofing Systems Revenue Status and Outlook (2012-2022) 1.5.2 Global Roofing Systems Production (K Units) Status and Outlook (2012-2022) Chapter Two:Global Roofing Systems Market Competition by Manufacturers 2.1 Global Roofing Systems Production and Share by Manufacturers (2012-2017) 2.2 Global Roofing Systems Revenue and Share by Manufacturers (2012-2017) 2.3 Global Roofing Systems Average Price by Manufacturers (2012-2017) 2.4 Manufacturers Roofing Systems Manufacturing Base Distribution, Sales Area, Product Types 2.5 Roofing Systems Market Competitive Situation and Trends 2.5.1 Roofing Systems Market Concentration Rate 2.5.2 Roofing Systems Market Share (%) of Top 3 and Top 5 Manufacturers 2.5.3 Mergers & Acquisitions, Expansion Chapter Three:Global Roofing Systems Production by Regions (2012-2017) 3.1 Global Roofing Systems Production (K Units) and Market Share (%) by Regions (2012-2017) 3.2 Global Roofing Systems Revenue and Market Share (%) by Regions (2012-2017) 3.3 Global Roofing Systems Production, Revenue, Price and Gross Margin (2012-2017) 3.4 North America Roofing Systems Production (2012-2017) 3.4.1 North America Roofing Systems Production (K Units) and Growth Rate (%) (2012-2017) 3.4.2 North America Roofing Systems Production (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%) (2012-2017) 3.5 Europe Roofing Systems Production (2012-2017) 3.5.1 Europe Roofing Systems Production (K Units) and Growth Rate (%) (2012-2017) 3.5.2 Europe Roofing Systems Production (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%) (2012-2017) 3.6 China Roofing Systems Production (2012-2017) 3.6.1 China Roofing Systems Production (K Units) and Growth Rate (%) (2012-2017) 3.6.2 China Roofing Systems Production (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%) (2012-2017) 3.7 Japan Roofing Systems Production (2012-2017) 3.7.1 Japan Roofing Systems Production (K Units) and Growth Rate (%) (2012-2017) 3.7.2 Japan Roofing Systems Production (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%) (2012-2017) About Us: Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customised reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialisation. This helps our clients to map their needs and we produce the perfect required market research study for our clients. For more information, please visit http://www.orbisresearch.com/reports/index/global-roofing-systems-market-report-2017
News Article | April 29, 2017
Doctors rarely get the chance to step into the limelight, and researchers who just do their jobs quietly and humbly are far less likely to get media attention. What followed is a swarm of online publications taking the cue from the billboard advertisement and talking at length about the new treatment procedure, which is formally known as 3D prostate targeted treatment. Dr. Xinping Song’s non-invasive treatment procedure has opened new avenues in 3D prostate cancer treatment. It starts with an extensive and methodical evaluation of the affected patient and Digital MRI are used for determining the cancer lesions. After identification of the area and the nature of the cancer cells, 3D local injection technology is used for injecting medicine in the cancer lesion area. The entire process has similarities to the Chinese acupuncture procedure. Leading online news publications such as IB Times, Market Watch, Silicon Investor, Buffalo News and other widely read news portals have covered the news and provided insights on the new prostate cancer treatment procedure. The fact that Chinese herbal extracts are used in treating prostate cancer has triggered debates and discussions in the medical researcher fraternity, as well as in public sphere. The 3D Urology and Prostate Clinics led by Dr. Song have made it to the headlines of top news portals in the west and the team at the Hunan Province based clinic attributes the media recognition to the Times Square billboard photo of Dr. Song. A media spokesperson said at a recent press conference that patients are eager to learn about the new treatment procedure, and people are even travelling to China to meet Dr. Song in person and discuss about their condition. “It’s a great thing to see that the Times Square billboard advertisement has paid off,” she told the press. About the Company Dr. Xinping Song is a noted researcher and cancer specialist from China. To know more about him, visit: http://www.prostatecancer.vip/index.html Know more about the treatment at: http://www.prostatecancer.vip/cancer.html Watch how it works: https://www.youtube.com/watch?v=xIFCz5p8PDo Media Contact Company Name: 3d Urology and Prostate Clinic Contact Person: Alisa Wang Email: prostatecure3d(at)gmail(dot)com Phone: +86-186-73216429 Country: China Website: https://www.prostatecancer.vip/
News Article | April 29, 2017
ARMONK, N.Y., April 29, 2017 /PRNewswire/ -- With U.S. employers faced with filling more than half-a-million open technology jobs, five "New Collar" IBMers today shared tips and insights for job seekers interested in high-tech careers. These IBM (NYSE: IB...
News Article | February 28, 2017
Il brise le moule des conceptions de lames propriétaires au coût élevé, offre un meilleur coût d'acquisition ainsi qu'une densité, des performances et une efficacité énergétique plus élevées que des serveurs montés en rack et OCP SAN JOSÉ, Californie, le 28 février 2017 /PRNewswire/ -- Super Micro Computer, Inc. (NASDAQ : SMCI), un chef de file mondial dans les technologies de calcul, de stockage et de réseau, et notamment d'informatique verte, a annoncé son nouveau serveur SuperBlade® qui offre une meilleure structure de coût d'acquisition initial que les conceptions en lames, montées sur rack et OCP traditionnelles, avec la densité et l'efficacité opérationnelle des lames dans une architecture ouverte compatible avec Rack Scale Design. Le nouveau SuperBlade® 8U prend en charge les générations actuelles et nouvelles des serveurs lames basés sur les processeurs Intel® Xeon® avec les commutateurs EDR InfiniBand et Omni-Path 100G les plus rapides pour les applications essentielles à la mission de l'entreprise et celles des centres de données. Il exploite également les mêmes commutateurs Ethernet, modules de gestion des châssis et logiciels que le remarquable MicroBlade®, pour une fiabilité, une facilité de maintenance et une accessibilité améliorées. Il maximise les performances et l'efficacité énergétique avec les processeurs DP et MP jusqu'à 205 watts dans des lames demi-hauteur et pleine hauteur, respectivement. Le nouveau SuperBlade 4U au facteur de forme plus petit maximise la densité et l'efficacité énergétique tout en autorisant jusqu'à 140 serveurs biprocesseurs ou 280 serveurs monoprocesseurs par rack 42U. La conception de l'infrastructure partagée du nouveau SuperBlade permet une efficacité énergétique maximale en réduisant la consommation jusqu'à 20 pour cent, la densité à la pointe de l'industrie de 7 systèmes de racks 1U et réduit le câblage de 96 pour cent. Le SuperBlade exploite la gestion basée sur Redfish et le Rack Scale Design de Supermicro pour permettre la gestion des systèmes ouverts à grande échelle. « Notre nouveau SuperBlade optimise non seulement le TCO, mais également le coût d'acquisition initial avec la meilleure densité de serveurs de l'industrie et un rendement maximal par watt, par pied carré et par dollar », a déclaré Charles Liang, président et PDG de Supermicro. « Notre SuperBlade 8U est également le premier et unique système qui prend en charge des CPU Xeon jusqu'à 205 W, des disques NVMe et des commutateurs EDR IB 100G ou Omni-Path, garantissant que cette architecture est optimisée pour aujourd'hui et viable pour la prochaine génération d'avancées technologiques, y compris les processeurs Intel Skylake de prochaine génération. » Pour obtenir plus d'informations sur la gamme complète des solutions à hautes performances et à haut rendement pour les serveurs, le stockage et le réseau de Supermicro, visitez le site www.supermicro.com. Suivez Supermicro sur Facebook et Twitter pour obtenir les dernières nouvelles et annonces. Supermicro® (NASDAQ : SMCI), l'innovateur majeur de technologies à hautes performances et à haut rendement pour les serveurs, est le principal fournisseur du serveur évolué Building Block Solutions® pour les centres de données, l'informatique dans le nuage, l'informatique d'entreprise, l'Hadoop/Big Data, l'HPC et les systèmes embarqués du monde entier. Supermicro agit pour protéger l'environnement dans le cadre de son programme « We Keep IT Green® » et propose les solutions les plus efficaces d'un point de vue énergétique et les plus écologiques du marché. Supermicro, SuperBlade, MicroBlade, Building Block Solutions et We Keep IT Green sont des marques commerciales et/ou des marques commerciales déposées appartenant à Super Micro Computer, Inc. Intel et Xeon sont des marques de commerce ou des marques déposées d'Intel Corporation aux États-Unis et dans d'autres pays. Les autres marques, noms et marques commerciales appartiennent tous à leurs propriétaires respectifs.
News Article | March 2, 2017
Gemäß der konsequenten und langjährigen Umsetzung dieser Strategie in vorherigen Fonds beabsichtigt Sofinnova Partners, mit Sofinnova IB I als Gründungs- und Leadinvestor in Start-ups und Corporate Spin-offs in Europa und Nordamerika zu investieren. Das Unternehmen will sich dabei auf die Unterstützung visionärer Unternehmen konzentrieren, die mit Innovationen einen Paradigmenwechsel vom Labor bis hin zum Endanwendermarkt anstreben. Sofinnova IB I ist als Investition in 8 bis 10 Unternehmen während der nächsten 3 bis 4 Jahre vorgesehen. Betreut wird dieser Fond von einem erfahrenen und engagierten Team, dem zunächst Denis Lucquin, Managing Partner, Joško Bobanović, Partner, und Michael Krel, Principal, angehören. Denis Lucquin, Managing Partner von Sofinnova Partners, sagte: „Wir freuen uns sehr über den Erfolg dieses ersten Abschlusses. Unsere seit 2009 gesammelten Erfahrungen fanden großen Anklang bei den Investoren. Mit Investitionen in diesem Sektor, z. B. in Avantium, die eine vollständig biologische Kunststoffflasche entwickelt haben und jetzt eine Börseneinführung an der Euronext planen, bis hin zum neusten DNA Script, das die DNA-Synthese revolutioniert, hat sich Sofinnova Partners einen Ruf als Pionierinvestor erworben, der auf einem umfassenden Verständnis der Dynamik in diesem aufstrebenden Markt beruht. Mit der Einrichtung dieses sehr speziellen Fonds haben wir heute einen weiteren wichtigen Schritt in unserer Entwicklung auf dem industriellen Biotechnikmarkt getan.“ Über Sofinnova Partners Sofinnova Partners ist eine der führenden europäischen Kapitalbeteiligungsgesellschaften mit Spezialisierung auf Life Sciences. Die Gesellschaft hat ihren Sitz in Paris, Frankreich und vereint 12 erfahrene Investmentexperten aus ganz Europa, den USA und China. Das Unternehmen konzentriert sich auf Paradigmenwechsel-Technologien an der Seite von visionären Unternehmern. Sofinnova Partners sucht nach Start-ups und Corporate Spin-offs, in die es als Gründungs- und Leadinvestor investieren kann. In den letzten 40 Jahren hat das Unternehmen in rund 500 Unternehmen investiert und so Marktführer auf der ganzen Welt geschaffen. Heute hat Sofinnova Partners ein verwaltetes Vermögen von über 1,6 Mrd. Euro. Weitere Informationen finden Sie unter: www.sofinnova.fr
News Article | February 15, 2017
Rumours suggest that Nokia is planning to bring back their iconic Nokia 3310 phone. Mobile users of a certain age have been getting very excited on social media about the return of this sturdy, reliable handset. If you were in the market for a new phone in the year 2000, then the 3310 may have been on your wish-list. But when Newsbeat contacts Nokia about the rumours, the company refused to comment. "Though we're as excited as everyone else to hear their news, as we have often said about such stories, we do not comment on rumour or speculation," a spokesperson tells us. It may seem unlikely in the world of Android and iPhones that anyone would want a 17-year-old handset that was best known for playing Snake, but the experts believe there is a place in the market. "I'm fairly confident my grandmother could use a 3310, but she wouldn't know where to start with an iPhone or Android," Alistair Charlton, deputy technology editor at the IB Times, tells Newsbeat. "You can take a £20 phone to a festival and leave your expensive, glass-fronted iPhone at home. "Backpackers and the like probably appreciate them too, given their tough build, cheap price and long battery life." And let's not forget, when Adele revealed the video for Hello back in 2015, she was seen in it making a call on a retro flip phone - not a smart device. Around that time, the media reported a rise in people seeking old phones, as the 1990s were firmly back in fashion and people like Rihanna were walking round chatting on a chunky mobile. So it's not just a phone for drug dealers, as many Twitter users seem to think. Alistair also backs the author of the original source of the 3310 rumours, VentureBeat writer Evan Blass, as a credible source for technology leaks. He describes the journalist as "a renowned tech leaker who is often accurate with his predictions." But Alistair also says that to succeed in the current market, Nokia will need to update the 3310's basic features to be relevant in 2017. "We don't communicate through calls and SMS as much as we did in the days of the 3310," he says. "If it had an internet connection and access to WhatsApp and Facebook Messenger, then maybe it has a place." Find us on Instagram at BBCNewsbeat and follow us on Snapchat, search for bbc_newsbeat
News Article | March 1, 2017
EL SEGUNDO, Calif., March 01, 2017 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) today reported results for the fourth quarter and year ended December 31, 2016. Fourth Quarter of Fiscal 2016 compared to Fourth Quarter of Fiscal 2015 _______ * The Company provides Non-GAAP measures as a supplement to financial results based on accounting principles generally accepted in the United States (“GAAP”). A reconciliation of the Non-GAAP measures to the most directly comparable GAAP measures is included at the end of the release. “Delivery on our program commitments in 2016 led to the accomplishment of several major program milestones and key wins of technology development contracts,” said Eileen Drake, CEO and President of Aerojet Rocketdyne Holdings, Inc. “Our improvement initiatives continued to gain momentum throughout the year, evidence of their effectiveness can be seen in our solid operating results. A strong finish in the fourth quarter generated annual sales growth coupled with solid margins and strong free cash flow providing me with confidence that the strategy that we have adopted provides a framework for growth and long-term stakeholder value creation.” _______ (1) Retirement benefit expense is net of cash funding to the Company’s tax-qualified defined benefit pension plan which are recoverable costs under the Company’s U.S. government contracts. The Company funded $(0.6) million and $27.5 million to its tax-qualified defined benefit pension plan that was recoverable in the Company’s fiscal 2016 U.S. government contracts for the three and twelve months ended December 31, 2016, respectively. The increase in net sales during the fourth quarter of fiscal 2016 compared to the fourth quarter of fiscal 2015 was primarily due to an increase of $38.8 million on space launch programs primarily driven by increased deliveries on the RL10 program, and the transition of the Commercial Crew Development program from development activities to initial production. Further, as a result of the 2016 calendar, Aerojet Rocketdyne had 53 weeks of operations in fiscal 2016 compared to 52 weeks of operations in fiscal 2015. The additional week of operations, which occurred in the fourth quarter of fiscal 2016 totaling to $32.2 million in additional net sales, is included in the above discussion of program changes. The increase in net sales in fiscal 2016 compared to fiscal 2015 was primarily due to the following (i) an increase of $95.0 million on space launch programs primarily driven by increased deliveries on the RL10 program, and the transition of the Commercial Crew Development program from development activities to initial production and (ii) an increase of $37.2 million on air defense programs primarily driven by the transition of the PAC-3 contracts to full-rate production. These factors were partially offset by a decrease of $36.8 million in the various Standard Missile contracts primarily from the timing of deliveries on the Standard Missile-3 Block IB contract and Standard Missile MK72 booster contract. Further, as a result of the 2016 calendar, Aerojet Rocketdyne had 53 weeks of operations in fiscal 2016 compared to 52 weeks of operations in fiscal 2015. The additional week of operations, which occurred in the fourth quarter of fiscal 2016 totaling to $32.2 million in additional net sales, is included in the above discussion of program changes. The increase in the segment margin before environmental remediation provision adjustments, retirement benefit expense, Rocketdyne purchase accounting adjustments, and unusual items in the fourth quarter of fiscal 2016 compared to the fourth quarter of fiscal 2015 was primarily due to (i) favorable contract performance on tactical defense programs as a result of increased deliveries and the fourth quarter of fiscal 2015 results included program loss reserves associated with program risks; (ii) improved Terminal High Altitude Area Defense (“THAAD”) program performance as a result of efficiencies and the retirement of contract manufacturing risks; (iii) favorable contract performance on the Atlas V program as a result of manufacturing efficiencies on increased sales volume; and (iv) unfavorable overhead rate reserve adjustments in the fourth quarter of fiscal 2015. Segment margin before environmental remediation provision adjustments, retirement benefit expense, Rocketdyne purchase accounting adjustments, and unusual items in fiscal 2016 compared to fiscal 2015 was relatively unchanged. Items that had a significant impact include the following: (i) favorable contract performance in fiscal 2016 on the THAAD program as a result of operating performance and lower overhead costs; (ii) a gross contract benefit in fiscal 2015 associated with the Antares AJ-26 Settlement Agreement; and (iii) cost growth and manufacturing inefficiencies in fiscal 2016 on electric propulsion contracts. The following table summarizes the Company’s backlog: Total backlog includes both funded backlog (unfilled orders for which funding is authorized, appropriated and contractually obligated by the customer) and unfunded backlog (firm orders for which funding has not been appropriated). Indefinite delivery and quantity contracts and unexercised options are not reported in total backlog. Backlog is subject to funding delays or program restructurings/cancellations which are beyond the Company’s control. During the second quarter of fiscal 2015, the Company recognized net sales of $42.0 million associated with a land sale of approximately 550 acres which resulted in a pre-tax gain of $30.6 million. Included in the income (loss) from continuing operations before income taxes for the periods presented was as follows: _______ (1) Retirement benefit expense is net of cash funding to the Company’s tax-qualified defined benefit pension plan which are recoverable costs under the Company’s U.S. government contracts. The Company funded $(0.6) million and $27.5 million to its tax-qualified defined benefit pension plan that was recoverable in the Company’s fiscal 2016 U.S. government contracts for the three and twelve months ended December 31, 2016, respectively. The Company’s debt principal activity during fiscal 2016 was as follows: As of December 31, 2016, the Company had $304.7 million of available borrowings under its Senior Credit Facility. In December 2016, the Company notified holders of its 4 1/ % Debentures that the Company would redeem, on February 3, 2017, all of their 4 1/ % Debentures at a purchase price equal to 100% of the principal amount of the 4 1/ % Debentures to be redeemed, plus any accrued and unpaid interest. In January 2017, $35.6 million of the 4 1/ % Debentures (the entire amount outstanding as of December 31, 2016) were converted to 3.9 million shares of common stock. The Company’s tax-qualified pension plans’ assets were as follows: As of December 31, 2016, the Company’s unfunded pension obligation for the tax-qualified pension plan was $548.2 million. The changes in the pension obligation for the tax-qualified pension plan since December 31, 2015 were as follows (in millions): _______ (1) The Company’s effective rate of return on plan assets was 10.8% during fiscal 2016. (2) The decrease in the discount rate was due to lower market interest rates used to determine the Company’s pension obligation. The discount rate was 4.02% as of December 31, 2016 compared to 4.36% as of December 31, 2015. The Company expects to make cash contributions of approximately $72 million to its tax-qualified defined benefit pension plan in fiscal 2017 of which $37.0 million is expected to be recoverable in the Company’s U.S. government contracts in fiscal 2017 with the remaining $35.0 million being potentially recoverable in the Company’s U.S. government contracts in the future. During fiscal 2016, the Company made cash contributions of $32.8 million to its tax-qualified defined benefit pension plan of which $27.5 million was recoverable in the Company’s U.S. government contracts in fiscal 2016 with the remaining $5.3 million being potentially recoverable in the Company’s U.S. government contracts in the future. On January 20, 2016, the Company’s board of directors approved a change in the Company’s fiscal year-end from November 30 of each year to December 31 of each year. The fiscal year of the Company’s subsidiary, Aerojet Rocketdyne, ends on the last Saturday in December. The audited results for the month ended December 31, 2015 will be included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016. This release may contain certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such statements in this release and in subsequent discussions with the Company’s management are based on management’s current expectations and are subject to risks, uncertainty and changes in circumstances, which cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. All statements contained herein and in subsequent discussions with the Company’s management that are not clearly historical in nature are forward-looking and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. A variety of factors could cause actual results or outcomes to differ materially from those expected and expressed in the Company’s forward-looking statements. Some important risk factors that could cause actual results or outcomes to differ from those expressed in the forward-looking statements include, but are not limited to, the following: Aerojet Rocketdyne Holdings, Inc., headquartered in El Segundo, California, is an innovative technology-based manufacturer of aerospace and defense products and systems, with a real estate segment that includes activities related to the entitlement, sale, and leasing of the company’s excess real estate assets. More information can be obtained by visiting the company’s website at www.aerojetrocketdyne.com. _______ (1) Retirement benefit expense is net of cash funding to the Company’s tax-qualified defined benefit pension plan which are recoverable costs under the Company’s U.S. government contracts. The Company funded $(0.6) million and $27.5 million to its tax-qualified defined benefit pension plan that was recoverable in the Company’s fiscal 2016 U.S. government contracts for the three and twelve months ended December 31, 2016, respectively. The Company evaluates its operating segments based on several factors, of which the primary financial measure is segment performance. Segment performance represents net sales from continuing operations less applicable costs, expenses and unusual items relating to the segment operations. Segment performance excludes corporate income and expenses, unusual items not related to the segment operations, interest expense, interest income, and income taxes. The Company believes that segment performance provides information useful to investors in understanding its underlying operational performance. Specifically, the Company believes the exclusion of the items listed above permits an evaluation and a comparison of results for ongoing business operations. It is on this basis that management internally assesses the financial performance of its segments. Use of Unaudited Non-GAAP Financial Measures In addition to segment performance (discussed above), the Company provides the Non-GAAP financial measure of its operational performance called Adjusted EBITDAP. The Company uses this metric to measure its operating performance. The Company believes that to effectively compare core operating performance from period to period, the metric should exclude items relating to retirement benefits, significant non-cash expenses, the impacts of financing decisions on the earnings, and items incurred outside the ordinary, ongoing and customary course of its operations. Accordingly, the Company defines Adjusted EBITDAP as GAAP income (loss) from continuing operations before income taxes adjusted by interest expense, interest income, depreciation and amortization, retirement benefit expense, and unusual items which the Company does not believe are reflective of such ordinary, ongoing and customary activities. Adjusted EBITDAP does not represent, and should not be considered an alternative to, net income (loss) as determined in accordance with GAAP. _______ (1) Retirement benefit expense is net of cash funding to the Company’s tax-qualified defined benefit pension plan which are recoverable costs under the Company’s U.S. government contracts. The Company funded $(0.6) million and $27.5 million to its tax-qualified defined benefit pension plan that was recoverable in the Company’s fiscal 2016 U.S. government contracts for the three and twelve months ended December 31, 2016, respectively. In addition to segment performance and Adjusted EBITDAP, the Company provides the Non-GAAP financial measures of free cash flow and net debt. The Company uses these financial measures, both in presenting its results to stakeholders and the investment community, and in its internal evaluation and management of the business. Management believes that these financial measures are useful because it presents the Company’s business using the same tools that management uses to gauge progress in achieving its goals. (1) Free Cash Flow, a Non-GAAP financial measure, is defined as cash flow from operating activities less capital expenditures. Free Cash Flow should not be considered in isolation, as a measure of residual cash flow available for discretionary purposes, or as an alternative to cash flows from operations presented in accordance with GAAP. The Company believes Free Cash Flow is useful as it provides supplemental information to assist investors in viewing the business using the same tools that management uses to gauge progress in achieving the Company’s goals. Because the Company’s method for calculating the Non-GAAP measures may differ from other companies’ methods, the Non-GAAP measures presented above may not be comparable to similarly titled measures reported by other companies. These measures are not recognized in accordance with GAAP, and the Company does not intend for this information to be considered in isolation or as a substitute for GAAP measures.
News Article | February 23, 2017
KUALA LUMPUR, Malaysia, Feb. 23, 2017 /PRNewswire/ -- Mont'Kiara International School (M'KIS) officially announces its first school-wide open day to be held on March 24th, 2017. Located in the predominantly expatriate suburb of Mont'Kiara, the open day is being held during school hours, from 8:30 am to 12:30 pm. This whole school open day will allow potential and current families to see M'KIS in action. A customized registration platform has been created for parents to register their attendance for the event. M'KIS' Director of Marketing and Communications, Mr. Darren Brews, mentioned, "As a community-based school, we believe it is important to open our doors to our neighbors. We are proud and very excited about this opportunity to showcase our wonderful school, our amazing students and, our talented faculty. This open day is a celebration of our dedication to excellence, diversity, and community." M'KIS is licensed by the Ministry of Education (MOE), Malaysia, and certified by the Malaysian Certification Agency (MQA). M'KIS is accredited by the Western Association of Schools and Colleges (WASC) and has been an authorized IB World School since 2000. M'KIS has been consistently rated a five-star school since 2009 by the Ministry of Education, Malaysia. Delivering a North American Curriculum, M'KIS offers both IB and non-IB pathways. Building upon its longstanding history of excellence with the IB Diploma Programme, M'KIS is officially a candidate school* for the International Baccalaureate (IB) Primary Years Programme (PYP) and Middle Years Programme (MYP). IB World Schools share a common philosophy -- a commitment to improve the teaching and learning of a diverse and inclusive community of students by delivering challenging, high quality programmes of international education that share a powerful vision.** *Only schools authorized by the International Baccalaureate can offer any of its four academic programmes: the Primary Years Programme (PYP), the Middle Years Programme (MYP), the Diploma Programme or the IB Career-related Certificate (IBCC). Candidate status gives no guarantee that authorization will be granted. For further information about the IB and its programmes, visit www.ibo.org The International Baccalaureate aims to develop inquiring, knowledgeable and caring young people who help to create a better and more peaceful world through intercultural understanding and respect. To this end the organization works with schools, governments and international organizations to develop challenging programmes of international education and rigorous assessment. These programmes encourage students across the world to become active, compassionate and lifelong learners who understand that other people, with their differences, can also be right.
News Article | February 21, 2017
ANN ARBOR, Mich.--(BUSINESS WIRE)--ACSI Funds, a data-driven asset manager, has opened up its flagship ETF, the American Customer Satisfaction Core Alpha ETF (Bats: ACSI), for commission-free trading through Interactive Brokers. ACSI Funds’ partnership with Interactive Brokers, which makes the ETF accessible to clients of Interactive Brokers without trade commissions, is reflective of its mission to provide low-cost, quality investment solutions to retail investors. The ETF weights companies based on their customer satisfaction score, which the firm believes to be a leading indicator of future revenue growth and earnings performance. “ACSI Funds leverages proprietary data that quantifies customer satisfaction to deliver investment products to our clients,” Phil Bak, CEO of ACSI Funds, says. “The American Customer Satisfaction Core Alpha ETF is designed to deliver our strategy to investors as efficiently as possible. By offering the ETF commission-free on Interactive Brokers, investors can not only leverage the technological breakthroughs and cost efficiencies of the ETF vehicle, but can also utilize Interactive Brokers’ intuitive interface and advanced technology without having to pay any trade commissions to access the ACSI ETF.” ACSI Funds launched ACSI, its inaugural exchange-traded fund, in November 2016 and joins five other ETF providers currently available commission-free at Interactive Brokers. ACSI Funds and Interactive Brokers will host a webinar this Thursday, Feb. 23 at noon EST to further discuss ACSI Funds’ differentiated investment strategy. Please visit ACSIFunds.com for more information. ACSI Funds is a boutique asset manager that creates investment products based upon proprietary customer satisfaction data from the nationally recognized American Customer Satisfaction Index (ACSI). The ACSI was created in 1994 by Dr. Claes Fornell, University of Michigan Professor Emeritus, and measures over 350 brands, engaging over 100,000 household customers each year to identify trends in customer satisfaction and provide benchmarking insights for companies, industry trade associates, and government agencies. ACSI Funds was named ETF Innovation of the Year at the 2017 Fund Action ETF Innovation Awards. The firm and the American Customer Satisfaction Core Alpha ETF were also nominated for the 2017 ETF.com Awards as the most innovative new ETF and the new ETF issuer of the year. Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 120 markets in numerous countries and currencies from a single IB Universal Account℠ to customers worldwide. They service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Their four decades of focus on technology and automation have enabled them to equip their customers with a uniquely sophisticated platform to manage their investment portfolios at extremely low cost relative to the financial services industry. They strive to provide their customers with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at the lowest possible prices. An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus or summary prospectus contain this and other important information about the Fund and are available at acsietf.com or by calling 734.882.2401. Please read the prospectus or summary prospectus carefully before investing. The securities of large-capitalization companies may be relatively mature compared to smaller companies and therefore subject to slower growth during times of economic expansion. The Index relies heavily on proprietary quantitative models as well as information and data supplied by third parties (Models and Data). Because the Index is composed based on such Models and Data, when such Models and Data prove to be incorrect or incomplete, the Index and Fund may not perform as expected. As with all index funds, the performance of the Fund and its Index may differ from each other for a variety of reasons. For example, the Fund incurs operating expenses and portfolio transaction costs not incurred by the Index. In addition, the Fund may not be fully invested in the securities of the Index mat all times or may hold securities not included in the Index. Investments involve risk. Principal loss is possible. The Fund has the same risks as the underlying securities traded on the exchange through the day. Redemptions are limited and commissions are charged on each trade, and ETFs may trade at a premium or discount to their net asset value. Shares of the American Customer Satisfaction Index ETF may be sold throughout the day on the exchange through any brokerage account. However, shares may only be redeemed directly from the Fund by Authorized Participants, in very large creation/redemption units. There can be no assurance that an active trading market for shares of an ETF will develop or be maintained. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index used as a benchmark. The American Customer Satisfaction Investable Index uses an objective, rules-based methodology to measure the performance of large capitalization U.S.-listed companies whose customers have been surveyed and who have been assigned a customer satisfaction score by ACSI, LLC. The Index utilizes sector constraints to reflect the overall U.S. large cap market, and weights securities based on the Customer Satisfaction Data. It is not possible to invest directly in an index. The American Customer Satisfaction Core Alpha ETF is distributed by Quasar Distributors, LLC. ACSI Funds, a registered investment adviser, serves as investment adviser to the American Customer Satisfaction Core Alpha ETF and is paid a fee for its services.