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News Article | February 15, 2017
Site: www.prweb.com

The Sheffield Care Center is committed to be a leader in providing quality preventative and restorative services and to continuously strive to improve and implement the ongoing changes in healthcare. The new website and logo demonstrate this commitment. In 1973, the community of Sheffield recognized that a ICF facility would be beneficial in the future of the area. A committee was formed and with the dedication of the volunteers and donations the Sheffield Care Center became a reality with the official opening of the facility on October 21, 1979. Today the Sheffield Care Center offers services that include skilled nursing and long term nursing care, respite care, physical, occupational and speech therapy, an onsite salon, and a facility owned bus for transporting residents to appointments and off-site field trips. Innovative Therapy provides services for residents and out-patients. The staff consists a licensed physical therapist, occupational therapist and speech therapist. Bernard Lawton, DPT and Sharri Follmuth, PTA provide physical therapy services while Kerri Conway, OTR is the occupational therapist. Speech therapy services are provided by Lori Grummer, ST. As a community owned not-for-profit facility, Sheffield Care Center board members are continually reinvesting in the Medicare and Medicaid certified facility. This community commitment is also demonstrated through the Meals-On-Wheels program offered. Here community members can purchase one meal a day which is prepared by the dietary staff and then delivered by community volunteers. “Our new website, Facebook, Twitter, LinkedIn and other social media will provide us an excellent online presence along with keeping our community, resident family members and friends up to date on our activities,” states Bonnie Hubka, Office Manager at Sheffield Care Center. “The new logo also represents a dedicated staff working as a team to provide a clean, comfortable, home-like atmosphere for all the residents.” Sheffield Care Center is located at 100 Bennett Drive, Sheffield, Iowa. Information is available by visiting the website at http://www.sheffieldcc.com/ and by calling 641-892-4691. Everyone is invited to follow Sheffield Care Center on Facebook, Twitter and LinkedIn.


News Article | February 27, 2017
Site: www.marketwired.com

OTTAWA, ONTARIO--(Marketwired - Feb. 27, 2017) - Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSX VENTURE:CGP)(FRANKFURT:GWN)(BERLIN:GWN)(OTCBB:CTNXF) announces the following project update for the Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador. Figures, table and photographs referred to in this news release can be seen in PDF format by accessing the version of this release on the Company's website (www.cornerstoneresources.com) or by clicking on the link below: The Cascabel Project is located within the gold-rich northern section of the prolific Andean Copper belt renowned as the production base for nearly half of the world's copper (Figure 1). The project area hosts mineralization of Eocene age, the same age as numerous Tier 1 deposits along the Andean Copper Belt in Chile and Peru to the south. The project base is located at Rocafuerte, in northwestern Ecuador just west of the City of Ibarra, approximately 3 hours drive north of Quito and close to water, power supply and Pacific Ports (Figure 2). Fourteen individual targets have been defined at Cascabel and only one of these, the Alpala Deposit, has been drilled to date (Figure 3). The deposit at Alpala continues to grow with each new drill hole. Drilling continues to focus on defining the geometry of the growing Alpala deposit, which is open in virtually all directions. Over 29,600m of drilling has been completed to date, as an aggressive drilling program ramps up towards seven drilling rigs by year end. (Figure 4). Hole 21 (Rig#2) is being drilled towards azimuth 240 degrees at -82 degrees inclination, testing approximately 200m along strike to the southeast of Hole 16 (856m @ 0.80% Cu, 1.04g/t Au). Thus far, Hole 21 has intersected moderate to intense copper sulphide mineralization from around 685m depth to current depth of 1187.2m. Multi-directional quartz -chalcopyrite ±magnetite veining occupies up to a maximum of 45% of the total rock volume in Hole 21 to date. Strong bornite mineralization was encountered at 1175m depth. Hole 22 (Rig#1) is being drilled to towards azimuth 211 degrees at -73 degrees inclination, testing approximately 130m above Hole 19 from the same drill site. Hole 22 has intersected copper sulphide mineralization from 253m depth to its current depth of 1128.2m including very strong bornite mineralization around 960m depth. Multi-directional quartz -chalcopyrite ±bornite veining occupies up to a maximum of 23% of the total rock volume in Hole 22 to date. Select examples of mineralization highlighting multi vein directions, intensity, bornite and chalcopyrite mineralization encountered in Holes 21 and 22 to date are provided in Figures 5 and 6. Sub-horizontal veining in both holes suggests potential for significant width extensions of the deposit. Hole 20R (Rig#3) is currently suspended at 1342.4m depth following reassessment of the deep drilling strategy and selection of directional drilling techniques. The discovery of strongly mineralized porphyry clasts within hydrothermal breccia encountered in Hole 20R, further substantiates the potential for lateral extensions of the mineralized zone. Project operator SolGold will also implement a program of long holes from lower declinations across the deposit from lateral drill pad locations to test deep extension as indicated in Figure 4. SolGold is expediting additional drill rigs into the Alpala area with a view to defining the system limits prior to a maiden resource statement. Upgrade and expansion of site facilities are well underway at Cascabel as the project continues ramping up towards drill testing with 7 drill rigs by year end. Solgold is currently progressing a ground magnetic survey, to be followed by a detailed Orion-Spartan 3D IP survey, and a Lidar topographic control survey across the majority of the licence (Figure 7). This work will not only augment the existing geophysical targets at Alpala and Aguiñaga, but further investigate the promising Tandayama-America anomaly and other satellite targets on the property. Following analysis of these datasets, Solgold expects to drill test Aguiñaga, and Tandayama-America prospects, as well as the Moran and Triviño targets on the northern edge of the Alpala system. Exploraciones Novomining S.A. ("ENSA"), an Ecuadorean company owned by SolGold Plc and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold's fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA. SolGold Plc is funding 100% of the exploration at Cascabel and is the operator of the project. Cascabel is located in northwestern Ecuador in an under-explored northern section of the Andean Copper Belt, 60 km northeast of the undeveloped inferred resource of 982 million tons at 0.89% Cu Llurimaga (formerly Junin) copper project (0.4% Cu cut-off grade; Micon International Co. Ltd. Technical Report for Ascendant Exploration SA, August 20, 2004, pages 28 & 29). Mineralization identified at the Llurimaga copper project is not necessarily indicative of the mineralization on the Cascabel Property. To date SolGold has completed geological mapping and soil sampling over 25 km2, along with and an additional 9km2 of Induced Polarisation and 14km2 Magnetotelluric "Orion" surveys over the Alpala cluster and Aguinaga targets. SolGold has completed 29,000m of drilling and expended over USD 39M on the program, corporate costs and investments into Cornerstone. Diamond drilling is planned for the next 12 months with multiple drill rigs. The Alpala deposit is open at depth and in the upper extensions, as well as to the north, north-east, south-east and south-west. The mineralized zone at Alpala and Moran is closely modelled by magnetic signatures and currently encompasses over 10Bt of magnetic rock expected to be mineralized with copper and gold. SolGold is focussing on extending the dimensions of Alpala before completing a resource statement and drill testing the other key targets within the Cascabel concession at Alpala Southeast, Aguiñaga, Triviño, Moran, Alpala Northwest, Hematite Hill, Cristal, Parambas, Carmen, Tandayama-America and Chinambicito. SolGold is planning further metallurgical testing and completion of a conceptual early stage mine and plant design and a scoping study (which may not be the equivalent of a National Instrument 43-101 Preliminary Economic Assessment) for an economic development at Cascabel. SolGold is investigating both high tonnage / low-medium grade open cut and underground block caving operations, and a high grade / low tonnage underground development. Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Cascabel project for Cornerstone and has reviewed and approved the information contained in this news release. Holes referred to in this release were or are being drilled using HTW, NTW, NQ and BQ core sizes (respectively 7.1, 5.6, 4.8 and 3.7 cm diameter). Geotechnical measurements such as core recovery, fracturing, rock quality designations (RQD's), specific density and photographic logging are performed systematically prior to assaying. The core is logged, magnetic susceptibility measured and key alteration minerals identified using an on-site portable spectrometer. Core is then sawed in half at the ENSA core logging facility, and half of the core is delivered by ENSA employees for preparation at LAC y Asociados ISO 9001-2008 certified sample preparation facility in Cuenca. Core samples are prepared crushing to 70% passing 2 mm (10 mesh), splitting 250 g and pulverizing to 85% passing 75 microns (200 mesh) (MSA code PRP-910). Prepared samples are then shipped to MS Analytical Services (MSA), an ISO 9001-2008 laboratory in Langley, BC, Canada where samples are assayed for a multi-element suite (MSA code IMS-230, 0.2g split, 4-acid digestion, ICP-AES/MS finish). Over limit results for Cu (>1%) are systematically re-assayed (MSA code ICF-6Cu, 0.2 g, 4-acid digestion, ICP-AES finish). Gold is assayed using a 30 g split, Fire Assay (FA) and AAS finish (MSA code FAS 111). Over limit results for Au (>10 g/t) are systematically re-assayed (MSA code FAS-415, FA, 30g., gravimetric finish). Drill hole intercepts from the Cascabel Property are calculated using a data aggregation method, defined by copper equivalent cut-off grades and reported with up to 10m internal dilution, excluding bridging to a single sample. Copper equivalent grades are calculated using a gold conversion factor of 0.89, determined using copper price of US$2.20/pound and gold price of US$1350/ounce. Copper equivalent calculation assumes 100% recoveries of copper and gold. All reported drill core intervals from the Cascabel Property are core lengths, unless otherwise indicated. At present the true thicknesses of all of the holes has not been calculated by SolGold. Low-grade intersections, where applicable, are expressed as average true widths (utilizing the "B-vein > 0.5%" shell orientations). High-grade intersections are better constrained for holes 1, 5, 8 and 9, and these intersections are also expressed as average true widths (utilizing the "B-veins > 20%" shell orientations). The MSA Analytical Laboratory is a qualified assayer that performs and makes available internal assaying controls. Duplicates, certified blanks and standards are systematically used (1 control sample every 15-20 samples). Rejects, a 100 g pulp for each core sample and the remaining half-core are stored for future use and controls. Cornerstone Capital Resources Inc. is a well funded mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, and a proven ability to identify, acquire and advance properties of merit. The company's business model is based on generating exploration projects whose subsequent development is funded primarily through partnerships. Further information is available on Cornerstone's website: www.cornerstoneresources.com and on Twitter. This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Cornerstone believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views subsequent to the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements. On Behalf of the Board, Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


OTTAWA, ONTARIO--(Marketwired - Feb. 14, 2017) - Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (OTCBB:CTNXF) announces the following project update for the Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador. Figures, table and photographs referred to in this news release can be seen in PDF format by accessing the version of this release on the Company's website (www.cornerstoneresources.com) or by clicking on the link below: The Cascabel Project is located within the gold-rich northern section of the prolific Andean Copper belt renowned as the production base for nearly half of the world's copper (Figure 1). The project area hosts mineralization of Eocene age, the same age as numerous Tier 1 deposits along the Andean Copper Belt in Chile and Peru to the south. The project base is located at Rocafuerte, in northwestern Ecuador just west of the City of Ibarra, approximately 3 hours drive north of Quito and close to water, power supply and Pacific Ports (Figure 2). Fourteen individual targets have been defined at Cascabel and only one of these, the Alpala Deposit, has been drilled to date (Figure 3). The deposit at Alpala continues to grow with each new drill hole. Drilling continues to focus on defining the geometry of the growing Alpala deposit, which is open in virtually all directions. Over 29,000m of drilling has been completed to date (Figure 4). Drill Hole CSD-16-019 ("Hole 19") was terminated at a depth of 1632.52m, on January 20, 2017. Assay results from 0m to 1400m have been received for this hole, with results for the last 232.52m from 1400m to end of hole pending. Hole 19 was drilled designed to test the trend and tenor of mineralization approximately 150m above holes 12 and 16 and was drilled in the direction of 211 degrees true north at a declination of -80 Degrees. Hole 19 is the most southerly of the drill holes at Alpala and the increased presence of bornite (a copper rich mineral containing 63% copper) in comparison to other holes at Alpala, endorses Solgold's south easterly extension targets. Hole 19 intersected a relatively bornite rich mineralization in a high grade 516m long interval from 838m to 1354m, and represents the southernmost and shallowest high grade intersection discovered at Alpala to date. Hole 19 exemplifies the growing potential for increasingly shallower intersections in high grade bornite rich mineralization at the Alpala deposit. The mineralization intersected in Hole 19 remains open to the southeast, where relatively strong bornite mineralization and high temperature advanced argillic alteration are mapped at surface. Hole 19 is interpreted to have drilled into a late stage lower grade "intra-mineral" dyke from approximately 1343.3m depth. Highlights from the assay results received from Hole 19 are shown below in Table 1. The results of all holes drilled and assayed to date can be seen in the Table in the Figures. The confirmation of shallow relatively bornite rich mineralization in Hole 19 bodes well for the extension of the deposit to the southeast, where relatively strong bornite mineralization and high temperature advanced argillic alteration are mapped at surface, covering a further 750m of strike, or double the existing strike of the Alpala zone (Figure 5). At Alpala, higher portions of the system appear rich in bornite (Image 1), while deeper portions of the known system are rich in chalcopyrite (Image 2). The Solgold geology team believe the highest grade and deepest portion of the copper-gold system at Alpala has not yet been discovered by drilling. A high grade bornite-chalcopyrite-rich zone is believed to exist at the core of the Alpala mineralized system and it is being targeted in future drilling programs, aimed at defining both the shallowing and southeastern extents of the growing Alpala Deposit as well as revealing the prognosed high grade bornite-chalcopyrite rich heart of the system. Drilling with Rig 1 continues with Hole 22, which is at a current depth of 702.2m, and intersecting increasing copper sulphide mineralization from 253.8m (Image 3). Hole 22 is testing for shallower extensions above recent high grade mineralization encountered in Hole 19. Rig 2 was moved to Hematite Hill drill site for Hole 21, which is at a current depth of 750.4m, and also intersecting increasing copper sulphide mineralization from 685.2m (Image 4). Hole 21 is testing the southeast extensions of the Alpala deposit. The high-grade core of the Alpala deposit is open southeast and below Hole 16, which returned 856 metres grading at 0.80 % copper and 1.04 g/t gold. Rig 3 continues deepening Hole 20R, which is at a current depth of 1342.4m, having intersected strongly mineralized clasts of mineralized porphyry, hosted within hydrothermal breccia (Image 5). Technical drilling challenges have delayed the recent advance of this hole. Drilling rates are, however, expected to improve in the near future. SolGold is awaiting the arrival of two additional man portable rigs within the next month to focus on defining the extent of the Alpala system, prior to completion of an optimized maiden resource statement, as part of an increase in drilling activities to seven rigs by years' end, facilitating the drill testing of other targets including the promising Triviño, Tandayama /America and Aguiñaga targets. Exploraciones Novomining S.A. ("ENSA"), an Ecuadorean company owned by SolGold Plc and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold's fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA. SolGold Plc is funding 100% of the exploration at Cascabel and is the operator of the project. Cascabel is located in northwestern Ecuador in an under-explored northern section of the Andean Copper Belt, 60 km northeast of the undeveloped inferred resource of 982 million tons at 0.89% Cu Llurimaga (formerly Junin) copper project (0.4% Cu cut-off grade; Micon International Co. Ltd. Technical Report for Ascendant Exploration SA, August 20, 2004, pages 28 & 29). Mineralization identified at the Llurimaga copper project is not necessarily indicative of the mineralization on the Cascabel Property. Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Cascabel project for Cornerstone and has reviewed and approved the information contained in this news release. Holes referred to in this release were or are being drilled using HTW, NTW, NQ and BQ core sizes (respectively 7.1, 5.6, 4.8 and 3.7 cm diameter). Geotechnical measurements such as core recovery, fracturing, rock quality designations (RQD's), specific density and photographic logging are performed systematically prior to assaying. The core is logged, magnetic susceptibility measured and key alteration minerals identified using an on-site portable spectrometer. Core is then sawed in half at the ENSA core logging facility, and half of the core is delivered by ENSA employees for preparation at LAC y Asociados ISO 9001-2008 certified sample preparation facility in Cuenca. Core samples are prepared crushing to 70% passing 2 mm (10 mesh), splitting 250 g and pulverizing to 85% passing 75 microns (200 mesh) (MSA code PRP-910). Prepared samples are then shipped to MS Analytical Services (MSA), an ISO 9001-2008 laboratory in Langley, BC, Canada where samples are assayed for a multi-element suite (MSA code IMS-230, 0.2g split, 4-acid digestion, ICP-AES/MS finish). Over limit results for Cu (>1%) are systematically re-assayed (MSA code ICF-6Cu, 0.2 g, 4-acid digestion, ICP-AES finish). Gold is assayed using a 30 g split, Fire Assay (FA) and AAS finish (MSA code FAS 111). Over limit results for Au (>10 g/t) are systematically re-assayed (MSA code FAS-415, FA, 30g., gravimetric finish). Drill hole intercepts from the Cascabel Property are calculated using a data aggregation method, defined by copper equivalent cut-off grades and reported with up to 10m internal dilution, excluding bridging to a single sample. Copper equivalent grades are calculated using a gold conversion factor of 0.89, determined using copper price of US$2.20/pound and gold price of US$1350/ounce. Copper equivalent calculation assumes 100% recoveries of copper and gold. All reported drill core intervals from the Cascabel Property are core lengths, unless otherwise indicated. At present the true thicknesses of all of the holes has not been calculated by SolGold. Low-grade intersections, where applicable, are expressed as average true widths (utilizing the "B-vein > 0.5%" shell orientations). High-grade intersections are better constrained for holes 1, 5, 8 and 9, and these intersections are also expressed as average true widths (utilizing the "B-veins > 20%" shell orientations). The MSA Analytical Laboratory is a qualified assayer that performs and makes available internal assaying controls. Duplicates, certified blanks and standards are systematically used (1 control sample every 15-20 samples). Rejects, a 100 g pulp for each core sample and the remaining half-core are stored for future use and controls. Cornerstone Capital Resources Inc. is a well funded mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, and a proven ability to identify, acquire and advance properties of merit. The company's business model is based on generating exploration projects whose subsequent development is funded primarily through partnerships. Further information is available on Cornerstone's website: www.cornerstoneresources.com and on Twitter. This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Cornerstone believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views subsequent to the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements. On Behalf of the Board, Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. (1) Copper Equivalent (CuEq) calculated using a gold conversion factor of 0.89, with copper price of US$2.20/lb and gold price of US$1,350/oz. (2) The true widths of downhole interval lengths are estimated to be approximately 25% to 45%. Estimates have been made in defining true widths due to insufficient drilling in the outer limits of the currently known extension of the Alpala deposit and drill results not having been fully interpreted. These estimates may change as more drilling is completed and results continue to be processed.


News Article | February 28, 2017
Site: news.mit.edu

Graduate student Hong Sio has gotten used to being somewhere else. His research as part of the MIT Plasma Science and Fusion Center (PSFC) High-Energy-Density Physics (HEDP) team has rotated him from his Albany Street home facilities in Cambridge, Massachusetts, to projects on the OMEGA laser at the University of Rochester in New York, to collaborations on the National Ignition Facility (NIF) at Lawrence Livermore National Laboratory in California. “I spent 120 days in hotel rooms last year,” he laughs. “Four months on the road.” All this travel has been necessary to support the kind of research that recently earned his fusion diagnostic a spot on the cover of an American Institute of Physics journal. Sio has been taking significant journeys since the age of 10, when his family emigrated from Macau to the U.S., settling in southern California. Sio credits a high school summer program at the University of California at Irvine with cementing his interest in science and specifically fusion, a potential source of abundant energy that has been an elusive goal of scientists for decades. “UCI has an underground, research-grade nuclear reactor for producing medical isotopes — not meant to produce power, but still a really nice reactor. Touring that facility made an impression on me. It made me think about how we generate electricity. It made me think about how we are going to generate electricity 30, 50 years from now.” Sio continued his interest in energy research as a physics major at Harvey Mudd College. He worked at the department’s high-intensity laser lab, which deepened his interest in lasers, fusion, and graduate study in physics. When he interviewed at MIT with HEDP division head Richard Petrasso, Sio had found a situation, and a research group, that “checked off all the boxes.” “I thought, ‘Well, this group shoots lasers at things; this group works on fusion. What’s there to think about?’”  And his decision was made. The decision immersed him in inertial confinement fusion (ICF) research and has led to his particle X-ray temporal diagnostic (PTXD) being featured on the cover of the AIP Review of Scientific Instruments (from the Proceedings of the 21st Topical Conference on High-Temperature Plasma Diagnostics). Sio describes the ICF process: “At the simplest level, we fill a tiny capsule with fusion fuel and fire many lasers at it simultaneously, compressing and heating the fuel. The hotter and more dense the fuel becomes, the more fusion reactions are generated.” Researchers measure the nuclear products from these fusion reactions with special diagnostics in order to understand what is happening in the capsule and improve performance. In experiments on OMEGA, Sio’s PXTD has made it possible for the first time to take simultaneous measurements of X-rays and nuclear reactions during the energy-intense implosions of fusion fuel that characterize ICF fusion. The PXTD provides nuclear reaction history information during the “shock-burn” phase of the implosion, when the plasma fuel is particularly kinetic, characterized by high temperature and low density. “We want to better understand this initial stage of ICF implosion and what affect it has later on in the implosion when the shell finally collapses. And to understand whether current simulation tools are sufficient,” he says. Sio is also responsible for the magnetic particle time-of-flight (magPTOF) diagnostic on the NIF. A project worked on by MIT graduate Hans Rinderknecht when he was part of the HEDP team, the diagnostic simultaneously measures shock- and compression-bang times — the moments of peak thermonuclear burn during ICF implosions. Being able to directly measure the shock-bang and compression-bang times helps researchers understand the physics involved in ICF implosions and provides necessary feedback for the next experiments. “NIF is the most energetic laser facility in the world. OMEGA is the second largest laser facility in the U.S. The opportunity to be so deeply involved at these world-class facilities as a graduate student is nothing short of remarkable,” Sio says. Both his diagnostic and physics projects on OMEGA and the NIF support reaching ignition and a path to fusion energy. Sio recognizes that fusion energy is an immense physics and engineering challenge. He sees inertial confinement fusion as an integral part of the international fusion program, as one of several diverse approaches to making fusion work. A recipient of the Department of Energy National Nuclear Security Administration Stewardship Science Graduate Fellowship (DOE NNSA SSGF), Sio will present his most recent research at the NNSA headquarters in Washington, D.C. on May 9, 2017. Sio anticipates graduating from MIT in the fall of 2017 and hopes to continue contributing to ICF fusion research, possibly as a postdoc at MIT, or at other national ICF facilities such as OMEGA or NIF, where his time on the road has already made him a familiar and welcome addition.


News Article | February 15, 2017
Site: co.newswire.com

V. Vanessa Williams, MS, PCC, Founder and CEO of Leading Edge Consulting, LLC, an executive coaching firm with offices in Connecticut and Florida, has received two important national certifications: Minority Owned Business Enterprise (MBE), and Women Owned Business Enterprise (WBE) designations. “We understand the critical importance of fostering strong vendor resources, including MBE and WBE, that are nationally certified as we are,” said Williams.  “Diversity certification is an important milestone for Leading Edge Consulting because it authenticates that the business is owned, managed and controlled by a qualifying diverse group.  We are thrilled to share the news with our clients, partners and the market as we expand and continue to offer leadership solutions.” Organizations such as the National Minority Supplier Diversity Council (NMSDC) and the Women’s Business Enterprise National Council (WBENC) focus on assuring that businesses are appropriately categorized by offering third-party certification services on behalf of private industry. Supplier diversity is beneficial to all stakeholders, not just to companies with Supplier Diversity programs. Corporations, organizations and government agencies demonstrate their commitment to fostering diversity and continued development of their supplier/vendor diversity programs by including women-owned and minority-owned businesses among their vendors. The National Minority Supplier Development Council, Inc. (NMSDC), is one of the country’s leading corporate membership organizations. NMSDC is committed to helping corporate and public-sector supply chains solve the growing need for supplier diversity. NMSDC is a resource to qualifying firms of all sizes - whether a small minority-owned organization or a billion-dollar powerhouse. The NMSDC network includes a national office in New York City, 23 affiliate regional councils nationwide and over 1,750 corporate members and growing. The Greater New England Minority Supplier Development Council (GNEMSDC) is an affiliate of the NMSDC and represents six New England States, which are Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.  For more information about NMSDC, visit www.nmsdc.org. The Women’s Business Enterprise National Council is the nation’s largest third-party certifier of businesses owned, controlled and operated by women in the United States. WBENC, partners with fourteen Regional Partner Organizations (RPO’s) to provide its world class standard of certification throughout the country. WBENC is a resource for the more than 700 U.S. companies and government agencies that rely on WBENC’s certification as an integral part of their supplier diversity programs. The Center for Women & Enterprise represents is one of those RPO’s and represents Northern Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.  For more information about WBENC, visit www.wbenc.org. Leading Edge Consulting, LLC is an Executive Coaching practice offering Executive and CEO Succession Coaching, Culture and Business Change Management Strategy, Organizational Assessment and Development Coaching, Organizational Inclusion and Diversity Consulting, and Talent Acquisition – Analysis, Execution, and On-boarding.  Leading Edge Consulting works with a range of clients: executives (c-suites), managers, business owners/entrepreneur’s, and organizations as a whole.  This matches a growing trend in the Corporate World of leaders and organizations seeking guidance, expertise and real world experience as they focus on greater collaboration, diversity and inclusion, and other strategies to improve leadership effectiveness. Founder, Vanessa Williams is a member of the International Coaching Federation (ICF) and is a Professional Certified Coach (PCC).  For more information visit www.leadingedgeconsultingllc.com or contact Vanessa Williams at vanessawilliams@leadingedgeconsultingllc.com. V Vanessa Williams, MS, PCC is the Founder and CEO of Leading Edge Consulting, LLC, a global executive coaching firm with offices in CT and FL. Vanessa has an International background and vast experience in Executive Coaching, Women & Diversity Leadership Coaching, Leadership Advancement, Operations Leadership, Business Process Outsourcing (BPO), Strategic Business Planning, Management & Financial Reporting, and Change Management. Vanessa uses a holistic approach with her clients from identifying success roadblocks and creating metric driven action plans and goal setting. She also works with executives, business owners and c-suites to identify strategic goals and to build and engage high-performing collaborative teams. In her corporate career, Vanessa was a Managing Director for Horton International, a retained global boutique executive search firm headquartered in West Hartford, CT.  She also held senior level and C-suite positions leading high-powered executive global teams for Sun Life Financial, Prudential, MassMutual, Aetna, and UConn Health. Vanessa holds an Executive Master of Science Degree in Management from Rensselaer Polytechnic Institute, a Bachelor of Science Degree in Accounting from Virginia State University, and is a Professional Certified Coach (PCC) with the International Coaching Federation. She sits on the Board of Trustees for Easter Seals, The New England Air Museum, and Amistad Center for Arts & Culture. She also sits on the Advisory Board for Reginald F. Lewis College Business Alumni at Virginia State University.


News Article | February 20, 2017
Site: www.prweb.com

Growing up in a small coastal town in Turkey, Shiny Burcu Unsal knew early on that she was destined to help others through her uniqueness, a piece of wisdom her father imparted upon her from a young age. When her father passed away unexpectedly, Unsal began to evaluate where her life was headed, beginning her story of transformation. During her journey, Unsal became an avid Neuro-Linguistic Programming (NLP) student, practicing the use of psychotherapy and communication to aid personal development, which she utilized to make her dream of living in Los Angeles a reality. Since then, she has been helping others let their light shine with her NLP and coaching trainings. In her new book, “You Are A Star! Shine!” Unsal’s life serves as both an instructive example and a guide for those who are looking to unleash their star power within. She combines these with the principles and tools of NLP, which Unsal learned from NLP’s creator, Dr. Richard Bandler. Unsal has combined NLP, metaphysics, quantum physics, neuroscience, positive psychology, leadership and communication studies into a new integrated technology for personal growth called Neuro-Shine™, which she introduces in this volume. “I learned how to be a galactic leader by changing my limiting thoughts and assumptions, freeing me to overcome the obstacles standing in the way of making my dreams come true, including my fear of failure,” Unsal said. “Learning to let go of fear and trusting life has allowed me to share my truth and my message of hope and personal growth with the world.” In “You Are A Star! Shine!” readers will hang on to each of Shiny’s cosmic words and learn to harness their potential to shine brighter than ever before. “You Are A Star! Shine!” By: Shiny Burcu Unsal ISBN: 978-1-5043-6144-6 (sc), 978-1-5043-6146-0 (hc), 978-1-5043-6145-3 (e) Available at the Balboa Press Online Bookstore and Amazon About the author Shiny Burcu Unsal, known as “The Shiny One,” is a Licensed NLP Trainer & ICF accredited Life Coach Trainer in California, the Founder of Be-Live in U and the creator of Neuro-Shine Technology™, who has worked with Dr. Richard Bandler, the co-creator of NLP, Tony Robbins, Brendon Burchard, and more. She is a top-rated leadership instructor at UCLA Extension, a selected member of the Forbes Coaches Council and a 40 under 40 awarded Motivational Speaker and Executive Coach. She has received degrees from METU (Turkey’s MIT), UCLA, Harvard Business School and the University of Metaphysics. She previously worked at multinational advertising agencies like Ogilvy and McCann Erickson where she worked with Fortune 500 brands like Coca Cola, Gillette and Audi for a decade. For more information about her, please visit: http://www.theshinyone.com.


News Article | February 28, 2017
Site: www.businesswire.com

LUXEMBOURG--(BUSINESS WIRE)--Intelsat S.A. (NYSE:I), operator of the world’s first Globalized Network, powered by its leading satellite backbone, today announced financial results for the three months and full-year ended December 31, 2016. Intelsat reported total revenue of $550.7 million and net income attributable to Intelsat S.A. of $662.8 million for the three months ended December 31, 2016. Intelsat reported EBITDA1, or earnings before net interest, gain on early extinguishment of debt, taxes and depreciation and amortization, of $406.7 million and Adjusted EBITDA1 of $417.4 million, or 76 percent of revenue for the three months ended December 31, 2016. For the year ended December 31, 2016, Intelsat reported total revenue of $2,188.0 million and net income attributable to Intelsat S.A. of $990.2 million. Intelsat reported EBITDA of $1,613.4 million and Adjusted EBITDA of $1,650.7 million, or 75 percent of revenue for the year ended December 31, 2016. “ Our fourth quarter financial results, $551 million in revenue and $417 million in Adjusted EBITDA, demonstrate the increasing stability in our business as we executed on our initiatives to drive growth,” said Stephen Spengler, Chief Executive Officer, Intelsat. “ For the full-year, our revenue and Adjusted EBITDA performance fell favorably within our guidance range, demonstrating the visibility and sustainability of our business. Our objective for 2017 is to build on this foundation as we work to transform our business, as the era of high performance satellites unlocks new and faster growing opportunities. Our Intelsat EpicNG high-throughput footprint now provides services to five continents, overlaying our Globalized Network with high performance, better economics and simplified access to satellite solutions.” Mr. Spengler continued, “ Each of our businesses is positioned for improved performance or new opportunities in 2017. Our network services business is moving from stability to renewed growth as new revenue on Intelsat EpicNG assets ramps up over the course of the year. Our media business is growing, with the full-year revenue benefit of two fully-booked DTH satellites that launched last year. Our government business is expected to benefit from Intelsat EpicNG now in service over regions of interest to its largest customer. Backlog as of December 31, 2016 was $8.7 billion, four times Intelsat’s 2016 revenue.” Mr. Spengler concluded, “ In 2017, maintaining our momentum is one of our top objectives, whether on growth opportunities, the remaining Intelsat EpicNG satellite launches, implementing our managed services, or operationalizing production units of new ground technologies, such as electronically steerable antennas, in which we have invested. Additionally, our proposed merger with OneWeb which was announced earlier today aligns with our strategic objectives and will create the world’s first global broadband provider. We believe the complementary OneWeb technology, and the $1.7 billion investment by SoftBank, will create a company with greater growth opportunities and a strong financial foundation. Importantly, we will be more strongly positioned to achieve our shared mission to unlock new applications for satellite-based solutions, connecting people and devices everywhere.” Intelsat provides critical communications infrastructure to customers in the network services, media and government sectors. Our customers use our services for broadband connectivity to deliver fixed and mobile telecommunications, enterprise, video distribution and fixed and mobile government applications. For additional details regarding the performance of our customer sets, see our Quarterly Commentary. Network services revenue was $221.9 million (or 40 percent of Intelsat’s total revenue) for the three months ended December 31, 2016, a decrease of 10 percent compared to the three months ended December 31, 2015. For the year ended December 31, 2016, the company reported total network services revenue of $900.3 million (or 41 percent of Intelsat’s total revenue); a decrease of 15 percent compared to the year ended December 31, 2015. Media revenue was $228.4 million (or 42 percent of Intelsat’s total revenue) for the three months ended December 31, 2016, an increase of 4 percent compared to the three months ended December 31, 2015. For the year ended December 31, 2016, the company reported total media revenue of $868.1 million (or 40 percent of Intelsat’s total revenue), a decrease of 2 percent compared to the year ended December 31, 2015. Government revenue was $93.2 million (or 17 percent of Intelsat’s total revenue) for the three months ended December 31, 2016, a decline of 7 percent compared to the three months ended December 31, 2015. For the year ended December 31, 2016, total government revenue was $387.1 million (or 18 percent of Intelsat’s total revenue), essentially flat when compared to the year ended December 31, 2015. Intelsat’s average fill rate on our approximately 2,175 station-kept wide-beam transponders was 77 percent at December 31, 2016, unchanged as of September 30, 2016. Note that Intelsat 31, an in-orbit spare satellite, is not included in the station-kept transponder count. Because we report our high-throughput Intelsat EpicNG capacity separately, the station-kept count reported above excludes the 270 units of high-throughput capacity related to our first Intelsat EpicNG satellite, Intelsat 29e, which entered into service in the first quarter of 2016, and approximately 350 units of high-throughput capacity related to Intelsat 33e, which just entered into service in late January 2017. On August 24, 2016, Intelsat 33e and Intelsat 36 were successfully launched and Intelsat 36 entered into service in late September 2016. As previously communicated, Intelsat 33e’s in-service date was delayed due to a malfunction in the primary thruster used for orbit raising. Intelsat 33e entered into service on January 29, 2017, and all operations are performing according to plan. The company has three satellite launches scheduled for 2017: Intelsat 32e, an Intelsat EpicNG Ku-band payload which launched on February 14, 2017; Intelsat 35e in the second quarter of 2017; and Intelsat 37e in the third quarter of 2017. At December 31, 2016, Intelsat’s contracted backlog, representing expected future revenue under existing contracts with customers, was $8.7 billion, as compared to $8.9 billion at September 30, 2016. During the three months ended December 31, 2016 through the month of January 2017, Intelsat (Luxembourg) S.A. (“Intelsat Luxembourg”), an indirect wholly-owned subsidiary of Intelsat S.A., and our newly created subsidiary, Intelsat Connect Finance S.A. (“ICF”), a direct wholly-owned subsidiary of Intelsat Luxembourg, completed a number of public and private debt exchanges. The transactions allowed the Company to significantly reduce its upcoming 2018 maturity, the Intelsat Luxembourg’s 6.75% Senior Notes due 2018 (the “2018 Lux Notes”). Below is a summary of the transactions conducted during this period: December 31, 2016 Capital Structure Pro Forma for the Final Results of the Exchange Offer of Certain Intelsat Luxembourg Notes Completed in January 2017 Intelsat and WorldVu Satellites Limited (“OneWeb”) announced today that they have entered into a conditional combination agreement, pursuant to and subject to the terms and conditions of which, OneWeb, the builder of a new Low Earth Orbit (LEO) global communications system will merge with and into Intelsat, to create a next-generation communications company. In addition, subject to the terms and conditions of a share purchase agreement with Intelsat, SoftBank Group Corp. (“SoftBank”), which currently owns 43% of the equity of OneWeb, is expected to invest an additional $1.7 billion in newly issued common and preferred equity of the combined company to support the acceleration of the combined company’s growth strategies and strengthen the Intelsat capital structure. The merger and the SoftBank investment are expected to be completed late in the third quarter of 2017, and are conditioned upon the consummation of certain Intelsat debt exchange offers, the receipt of regulatory approvals, consent and approval by both Intelsat and OneWeb shareholders as well as other customary closing conditions. There can be no assurance that the merger or the SoftBank investment will be completed, or whether the terms will be amended from those described above. Financial Results for the Three Months Ended December 31, 2016 On-Network revenues generally include revenue from any services delivered via our satellite or ground network. Off-Network and Other Revenues generally include revenue from transponder services, Mobile Satellite Services (“MSS”) and other satellite-based transmission services using capacity procured from other operators, often in frequencies not available on our network. Off-Network and Other Revenues also include revenue from consulting and other services and sales of customer premises equipment. Total On-Network Revenues reported a decline of $14.2 million, or 3 percent, to $504.1 million as compared to the three months ended December 31, 2015: Total Off-Network and Other Revenues reported an aggregate decline of $6.4 million, or a decrease of 12 percent, to $46.5 million as compared to the three months ended December 31, 2015: For the three months ended December 31, 2016, changes in operating expenses, interest expense, net, and other significant income statement items are described below. Direct costs of revenue (excluding depreciation and amortization) increased by $1.7 million, or 2 percent, to $86.8 million, as compared to the three months ended December 31, 2015. This reflects an increase of $3.5 million in staff-related expenses offset by a decrease of $6.0 million primarily due to lower cost of third-party fixed satellite services and mobile satellite services capacity purchased in support of the company’s government business. Selling, general and administrative expenses increased by $12.0 million, or 27 percent, to $56.2 million, as compared to the three months ended December 31, 2015. This was primarily due to an increase of $6.7 million in staff-related expenses and an increase of $3.3 million in bad debt expense primarily due to a greater reduction in the prior year quarter due to improved collections in the Africa and Middle East regions. Depreciation and amortization expense increased by $0.4 million to $174.0 million, as compared to the three months ended December 31, 2015. Interest expense, net consists of the interest expense we incur together with gains and losses on interest rate swaps (which reflect net interest accrued on the interest rate swaps as well as the change in their fair value), offset by interest income earned and the amount of interest we capitalize related to assets under construction. Interest expense, net increased by $22.8 million, or 10.3 percent, to $243.6 million for the three months ended December 31, 2016, as compared to $220.8 million in the three months ended December 31, 2015. The increase was principally due to a net increase of $18.8 million in interest expense largely resulting from a net increase in debt outstanding resulting from our new debt issuances, which were offset by certain repurchases and exchanges in 2016, and a net increase of $3.4 million from lower capitalized interest for the three months ended December 31, 2016, primarily resulting from a decreased number of satellites and related assets under construction. The non-cash portion of total interest expense, net was $7.0 million for the three months ended December 31, 2016, due to the amortization of deferred financing fees and the accretion and amortization of discounts and premiums. Gain on early extinguishment of debt was $679.1 million for the three months ended December 31, 2016, as compared to a gain of $7.1 million for the three months ended December 31, 2015. The gains were related to certain debt transactions that occurred during the respective fourth quarters of each year. The gains on early extinguishment of debt consisted of the difference between the carrying value of the debt redeemed or exchanged and the fair value of the debt issued, if applicable, and the total cash amount paid (including related fees), together with a write-off of unamortized debt issuance costs. Other expense, net was $1.0 million for the three months ended December 31, 2016, as compared to other income, net of $1.6 million for the three months ended December 31, 2015. The decrease of $2.6 million was primarily due to a decline in expenses mainly related to our business conducted in Brazilian reais. Provision for income taxes was $4.4 million for the three months ended December 31, 2016, as compared to $6.1 million for the three months ended December 31, 2015. The difference was principally due to lower tax expense in our foreign operations in the three months ended December 31, 2016 as compared to the same period in 2015. Cash paid for income taxes, net of refunds, totaled $4.7 million for the three months ended December 31, 2016, as compared to $3.8 million for the three months ended December 31, 2015. Net Income, Net Income per Diluted Common Share attributable to Intelsat S.A., EBITDA and Adjusted EBITDA Net income attributable to Intelsat S.A. was $662.8 million for the three months ended December 31, 2016, compared to a loss of $4,116.3 million for the same period in 2015. Net income per diluted common share attributable to Intelsat S.A. was $5.56 for the three months ended December 31, 2016, compared to a loss of $38.29 per diluted common share for the same period in 2015. EBITDA was $406.7 million for the three months ended December 31, 2016, compared to a loss of $3,721.9 million for the same period in 2015. Adjusted EBITDA was $417.4 million for the three months ended December 31, 2016, or 76 percent of revenue, compared to $452.5 million, or 79 percent of revenue, for the same period in 2015. Intelsat management has reviewed the data pertaining to the use of the Intelsat network, and is providing revenue information with respect to that use by customer set and service type in the following tables. Intelsat management believes this provides a useful perspective on the changes in revenue and customer trends over time. Free Cash Flow From (Used in) Operations Free cash flow from (used in) operations1 was $6.6 million for the three months ended December 31, 2016. Free cash flow from (used in) operations is defined as net cash provided by operating activities, less payments for satellites and other property and equipment (including capitalized interest). Payments for satellites and other property and equipment from investing activities during the three months ended December 31, 2016 was $94.1 million. Today, Intelsat issued its 2017 financial outlook, in which the company expects the following: Revenue: Intelsat forecasts full-year 2017 revenue to be in a range of $2.180 billion to $2.225 billion. Revenue performance reflects: Adjusted EBITDA: Intelsat forecasts Adjusted EBITDA performance for the full-year 2017 to be in a range of $1.655 billion to $1.700 billion. Cash Taxes: Annual 2017 cash taxes are expected to total approximately $30 million to $35 million. Capital Expenditures: In light of the proposed merger with OneWeb, we will defer providing guidance on capital expenditures prior to the completion of the transaction. We anticipate that, assuming completion of the merger, there will be capital expenditure reductions as a result of combining our two fleets that are achievable in the mid- to long-term. A thorough technical and business evaluation will be completed to quantify these synergies; also taking into account new technologies that we believe will surface in the ecosystem. 1In this release, financial measures are presented both in accordance with U.S. GAAP and also on a non-U.S. GAAP basis. EBITDA, Adjusted EBITDA (or “AEBITDA”), free cash flow from (used in) operations and related margins included in this release are non-U.S. GAAP financial measures. Please see the consolidated financial information below for information reconciling non-U.S. GAAP financial measures to comparable U.S. GAAP financial measures. Intelsat provides a detailed quarterly commentary on the Company’s business trends and performance. Please visit www.intelsat.com/investors for management’s commentary on the Company’s progress against its operational priorities and financial outlook. Intelsat management will hold a public conference call at 8:30 a.m. ET on Tuesday, February 28, 2017 to discuss the OneWeb transaction and the Company’s fourth quarter and full-year financial results for the period ended December 31, 2016. Access to the live conference call will also be available via the Internet at www.intelsat.com/investors. To participate on the live call, participants should dial +1 844-834-1428 from North America, and +1 920-663-6274 from all other locations. The participant pass code is 48970325. Participants will have access to a replay of the conference call through March 7, 2017. The replay number for North America is +1 855-859-2056, and for all other locations is +1 404-537-3406. The participant pass code for the replay is 48970325. Intelsat S.A. (NYSE: I) operates the world’s first Globalized Network, delivering high-quality, cost-effective video and broadband services anywhere in the world. Intelsat’s Globalized Network combines the world’s largest satellite backbone with terrestrial infrastructure, managed services and an open, interoperable architecture to enable customers to drive revenue and reach through a new generation of network services. Thousands of organizations serving billions of people worldwide rely on Intelsat to provide ubiquitous broadband connectivity, multi-format video broadcasting, secure satellite communications and seamless mobility services. The end result is an entirely new world, one that allows us to envision the impossible, connect without boundaries and transform the ways in which we live. For more information, visit www.intelsat.com. Some of the information and statements contained in this earnings release and certain oral statements made from time to time by representatives of Intelsat constitute "forward-looking statements" that do not directly or exclusively relate to historical facts. When used in this earnings release, the words “may,” “will,” “might,” “should,” “expect,” “plan,” “anticipate,” “project,” “believe,” “estimate,” “predict,” “intend,” “potential,” “outlook,” and “continue,” and the negative of these terms, and other similar expressions are intended to identify forward-looking statements and information. Forward-looking statements include: our statements regarding certain plans, expectations, goals, projections, and beliefs about the benefits of the proposed merger and investment transactions, the transactions parties’ plans, objectives, expectations and intentions, and the expected timing of completion of the proposed transactions; our expectation that the launches of our satellites in the future will position us for growth; our plans for satellite launches in the near to mid-term; our guidance regarding our expectations for our revenue performance and Adjusted EBITDA performance; our capital expenditure guidance over the next several years; our belief that the scale of our fleet can reduce the financial impact of satellite or launch failures and protect against service interruptions; our belief that the diversity of our revenue and customer base allow us to recognize trends across regions and capture new growth opportunities; our expectation that developing differentiated services and investing in new technology will allow us to unlock essential opportunities; our expectations as to the increased number of transponder equivalents on our fleet over the next several years; and our expectations as to the level of our cash tax payments in the future. The forward-looking statements reflect Intelsat's intentions, plans, expectations, anticipations, projections, estimations, predictions, outlook, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside of Intelsat's control. Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements include known and unknown risks. Some of the factors that could cause actual results to differ from historical results or those anticipated or predicted by these forward-looking statements include: risks associated with operating our in-orbit satellites; satellite anomalies, launch failures, satellite launch and construction delays and in-orbit failures or reduced performance; potential changes in the number of companies offering commercial satellite launch services and the number of commercial satellite launch opportunities available in any given time period that could impact our ability to timely schedule future launches and the prices we pay for such launches; our ability to obtain new satellite insurance policies with financially viable insurance carriers on commercially reasonable terms or at all, as well as the ability of our insurance carriers to fulfill their obligations; possible future losses on satellites that are not adequately covered by insurance; U.S. and other government regulation; changes in our contracted backlog or expected contracted backlog for future services; pricing pressure and overcapacity in the markets in which we compete; our ability to access capital markets for debt or equity; the competitive environment in which we operate; customer defaults on their obligations to us; our international operations and other uncertainties associated with doing business internationally; and litigation. Known risks include, among others, the risks described in Intelsat’s annual report on Form 20-F for the year ended December 31, 2016, and its other filings with the U.S. Securities and Exchange Commission, the political, economic and legal conditions in the markets we are targeting for communications services or in which we operate and other risks and uncertainties inherent in the telecommunications business in general and the satellite communications business in particular. Because actual results could differ materially from Intelsat's intentions, plans, expectations, anticipations, projections, estimations, predictions, outlook, assumptions and beliefs about the future, you are urged to view all forward-looking statements with caution. Intelsat does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Intelsat calculates a measure called EBITDA to assess the operating performance of Intelsat S.A. EBITDA consists of earnings before net interest, gain on early extinguishment of debt, taxes and depreciation and amortization. Given our high level of leverage, refinancing activities are a frequent part of our efforts to manage our costs of borrowing. Accordingly, we consider gain on early extinguishment of debt an element of interest expense. EBITDA is a measure commonly used in the Fixed Satellite Services (“FSS”) sector, and we present EBITDA to enhance the understanding of our operating performance. We use EBITDA as one criterion for evaluating our performance relative to that of our peers. We believe that EBITDA is an operating performance measure, and not a liquidity measure, that provides investors and financial analysts with a measure of operating results unaffected by differences in capital structures, capital investment cycles and ages of related assets among otherwise comparable companies. EBITDA is not a measure of financial performance under U.S. GAAP, and our EBITDA may not be comparable to similarly titled measures of other companies. EBITDA should not be considered as an alternative to operating income (loss) or net income (loss), determined in accordance with U.S. GAAP, as an indicator of our operating performance, or as an alternative to cash flows from operating activities, determined in accordance with U.S. GAAP, as an indicator of cash flows, or as a measure of liquidity. Intelsat calculates a measure called Adjusted EBITDA to assess the operating performance of Intelsat S.A. Adjusted EBITDA consists of EBITDA as adjusted to exclude or include certain unusual items, certain other operating expense items and certain other adjustments as described in the table above. Our management believes that the presentation of Adjusted EBITDA provides useful information to investors, lenders and financial analysts regarding our financial condition and results of operations, because it permits clearer comparability of our operating performance between periods. By excluding the potential volatility related to the timing and extent of non-operating activities, our management believes that Adjusted EBITDA provides a useful means of evaluating the success of our operating activities. We also use Adjusted EBITDA, together with other appropriate metrics, to set goals for and measure the operating performance of our business, and it is one of the principal measures we use to evaluate our management’s performance in determining compensation under our incentive compensation plans. Adjusted EBITDA measures have been used historically by investors, lenders and financial analysts to estimate the value of a company, to make informed investment decisions and to evaluate performance. Our management believes that the inclusion of Adjusted EBITDA facilitates comparison of our results with those of companies having different capital structures. Adjusted EBITDA is not a measure of financial performance under U.S. GAAP, and our Adjusted EBITDA may not be comparable to similarly titled measures of other companies. Adjusted EBITDA should not be considered as an alternative to operating income (loss) or net income (loss), determined in accordance with U.S. GAAP, as an indicator of our operating performance, or as an alternative to cash flows from operating activities, determined in accordance with U.S. GAAP, as an indicator of cash flows, or as a measure of liquidity. Free cash flow from (used in) operations consists of net cash provided by operating activities, less payments for satellites and other property and equipment (including capitalized interest) from investing activities and other payment for satellites from financing activities. Free cash flow from (used in) operations is not a measurement of cash flow under U.S. GAAP. Intelsat believes free cash flow from (used in) operations is a useful measure of financial performance that shows a company’s ability to fund its operations. Free cash flow from (used in) operations is used by Intelsat in comparing its performance to that of its peers and is commonly used by financial analysts and investors in assessing performance. Free cash flow from (used in) operations does not give effect to cash used for debt service requirements and thus does not reflect funds available for investment or other discretionary uses. Free cash flow from (used in) operations is not a measure of financial performance under U.S. GAAP, and free cash flow from (used in) operations may not be comparable to similarly titled measures of other companies. You should not consider free cash flow from (used in) operations as an alternative to operating income (loss) or net income (loss), determined in accordance with U.S. GAAP, as an indicator of Intelsat’s operating performance, or as an alternative to cash flows from operating activities, determined in accordance with U.S. GAAP, as an indicator of cash flows, or as a measure of liquidity.


News Article | February 28, 2017
Site: www.businesswire.com

LUXEMBOURG--(BUSINESS WIRE)--Intelsat S.A. (NYSE:I) (“Intelsat”), operator of the world’s first Globalized Network, powered by its leading satellite backbone, today announced that its indirect wholly-owned subsidiaries, Intelsat Jackson Holdings S.A. (“Intelsat Jackson”), Intelsat Connect Finance S.A. (“ICF”), and Intelsat (Luxembourg) S.A. (“Intelsat Luxembourg” and, together with Intelsat Jackson and ICF, the “Issuers”) each intends to commence offers to exchange (the “Exchange Offers”) new Exchange Notes (as defined below) for certain of its respective outstanding senior unsecured notes on the terms described below. By their terms, the Exchange Notes will, on the closing date of the Combination (as defined below), be mandatorily exchanged at a discount for Final Jax Notes (as defined below), newly issued common shares of Intelsat, and/or cash. The Exchange Offers and related Consent Solicitations (as defined below) will be conducted pursuant to the Combination Agreement, dated as of February 28, 2017 (the “Combination Agreement”), between Intelsat and WorldVu Satellites Limited (“OneWeb”), pursuant to which OneWeb will combine with Intelsat on the terms and subject to the conditions set forth in the Combination Agreement (the “Combination”). While the Exchange Offers and Consent Solicitations are expected to be consummated prior to closing of the Combination, the exchange of the Exchange Notes for Final Jax Notes, common shares of Intelsat and/or cash will be conditioned upon, and occur automatically and mandatorily upon the occurrence of, the closing of the Combination. The Exchange Offers and Consent Solicitations will be subject to certain conditions, including, among others, the tender of a minimum of 85% of the aggregate outstanding principal amount of each series of Existing Notes (as defined below). Intelsat Jackson. Intelsat Jackson expects to offer to exchange (the “Jax Exchange Offers”): (i) new 7.25% Mandatorily Exchangeable Senior Notes due 2019 to be issued by Intelsat Jackson (the “Jax 2019 Exchange Notes”) for any and all of its existing 7.25% Senior Notes due 2019 (the “Jax 2019 Existing Notes”); (ii) new 7.25% Mandatorily Exchangeable Senior Notes due 2020 to be issued by Intelsat Jackson (the “Jax 2020 Exchange Notes”) for any and all of its existing 7.25% Senior Notes due 2020 (the “Jax 2020 Existing Notes”); (iii) new 7.50% Mandatorily Exchangeable Senior Notes due 2021 to be issued by Intelsat Jackson (the “Jax 2021 Exchange Notes”) for any and all of its existing 7.50% Senior Notes due 2021 (the “Jax 2021 Existing Notes”); and (iv) new 5.50% Mandatorily Exchangeable Senior Notes due 2023 to be issued by Intelsat Jackson (the “Jax 2023 Exchange Notes” and, together with the Jax 2019 Exchange Notes, Jax 2020 Exchange Notes, and Jax 2021 Exchange Notes, the “Jax Exchange Notes”) for any and all of its existing 5.50% Senior Notes due 2023 (the “Jax 2023 Existing Notes” and, together with the Jax 2019 Existing Notes, Jax Existing 2020 Notes, and Jax 2021 Existing Notes, the “Jax Existing Notes”). ICF. ICF expects to offer to exchange (the “ICF Exchange Offer”) new 12.50% Mandatorily Exchangeable Senior Notes due 2022 to be issued by ICF (the “ICF Exchange Notes”) for any and all of its existing 12.50% Senior Notes due 2022 (the “ICF Existing Notes”). Intelsat Luxembourg. Intelsat Luxembourg expects to offer to exchange (the “Lux Exchange Offers”): (i) new 7.75% Mandatorily Exchangeable Senior Notes due 2021 to be issued by Intelsat Luxembourg (the “Lux 2021 Exchange Notes”) for any and all of its existing 7.75% Senior Notes due 2021 (the “Lux 2021 Existing Notes”); and (ii) new 8.125% Mandatorily Exchangeable Senior Notes due 2023 to be issued by Intelsat Luxembourg (the “Lux 2023 Exchange Notes” and, together with the Lux 2021 Exchange Notes, the “Lux Exchange Notes”; collectively, with the Jax Exchange Notes and ICF Exchange Notes, the “Exchange Notes”) for any and all of its existing 8.125% Senior Notes due 2023 (the “Lux 2023 Existing Notes” and, together with the Lux 2021 Existing Notes, the “Lux Existing Notes”). It is anticipated that, in connection with the Exchange Offers, the Issuers will solicit consents (the “Consent Solicitations”) to amend the indentures governing the Jax Existing Notes, the ICF Existing Notes, and the Lux Existing Notes (collectively, the “Existing Notes”, and the indentures governing the Existing Notes, collectively, the “Existing Indentures”). The proposed amendments to the Existing Indentures require the consent of a majority of the outstanding aggregate principal amount of each applicable series of Existing Notes and would eliminate substantially all of the restrictive covenants, modify or eliminate certain other provisions of the Existing Indentures and waive past defaults, if any. It is anticipated that each of the Jax Exchange Offers will provide for the issuance of $1,000 principal amount of the applicable series of Jax Exchange Notes in exchange for each $1,000 principal amount of the applicable series of Jax Existing Notes tendered and accepted. Prior to the closing date of the Combination (such date, the “Combination Date”), the Jax Exchange Notes will have substantially identical terms to the corresponding series of the Jax Existing Notes for which they are exchanged, including the same guarantors, interest rates, interest payment and maturity dates and substantially identical covenants. If the Combination does not occur, the Jax Exchange Notes will retain their respective original principal amounts and these same terms. It is anticipated that the terms of the Jax Exchange Notes will provide that, on the Combination Date (and subject to the occurrence thereof), (a) each series of the Jax Exchange Notes will (i) as to a portion of the principal amount thereof, become automatically due and payable in cash; and (ii) as to the remaining portion of the principal amount thereof, be automatically and mandatorily exchanged into new unsecured 5-Year Senior Notes to be issued by Intelsat Jackson (the “Final Jax 5-Year Notes”) or new unsecured 7-Year Senior Notes to be issued by Intelsat Jackson (the “Final Jax 7-Year Notes” and, together with the Final Jax 5-Year Notes, the “Final Jax Notes”) on the terms set forth below; and (b) each series of the Jax Exchange Notes will be cancelled and will cease to be outstanding (collectively, the “Mandatory Jax Exchanges”). Specifically, on the Combination Date, each holder of the Jax Exchange Notes will automatically be entitled to receive, for each $1,000 principal amount of the applicable series of the Jax Exchange Notes held, the following consideration: In addition, accrued but unpaid interest on the Jax Exchange Notes through the Combination Date will be paid upon consummation of the Mandatory Jax Exchanges. It is anticipated that the Final Jax 5-Year Notes will mature on the fifth anniversary of the Combination Date, and that interest on the Final Jax 5-Year Notes will accrue at the rate of 6.75% per annum and be payable semi-annually in arrears. The Final Jax 5-Year Notes are expected to be redeemable at the option of Intelsat Jackson (i) prior to the second anniversary of the Combination Date pursuant to a customary “make whole” provision and (ii) thereafter, pursuant to a customary call schedule. It is anticipated that the Final Jax 7-Year Notes will mature on the seventh anniversary of the Combination Date, and that interest on the Final Jax 7-Year Notes will accrue at the rate of 7.25% per annum and be payable semi-annually in arrears. The Final Jax 7-Year Notes are expected to be redeemable at the option of Intelsat Jackson (i) prior to the third anniversary of the Combination Date pursuant to a customary “make whole” provision; and (ii) thereafter, pursuant to a customary call schedule. It is anticipated that the indentures governing the Final Jax Notes will include customary restrictive covenants and events of default. It is anticipated that the ICF Exchange Offer will provide for the issuance of $1,000 principal amount of the ICF Exchange Notes in exchange for each $1,000 principal amount of the ICF Existing Notes tendered and accepted, and that each of the Lux Exchange Offers will provide for the issuance of $1,000 principal amount of the applicable series of the Lux Exchange Notes in exchange for each $1,000 principal amount of the corresponding series of the Lux Existing Notes tendered and accepted. Prior to the Combination Date, the ICF Exchange Notes and the Lux Exchange Notes will have substantially the same terms as the corresponding series of Existing Notes for which they are exchanged, including the same guarantors, interest rates, interest payment and maturity dates and substantially identical covenants. If the Combination does not occur, the ICF Exchange Notes and the Lux Exchange Notes will retain their respective original principal amounts and these same terms. It is anticipated that the terms of the ICF Exchange Notes and the Lux Exchange Notes will provide that, on the Combination Date (and subject to the occurrence thereof), (a) the ICF Exchange Notes and the Lux Exchange Notes will (i) as to a portion of the principal amount thereof, become automatically due and payable in cash; and (ii) as to the remaining portion of the principal amount thereof, be automatically and mandatorily exchanged into a specified number of newly issued common shares of Intelsat (“New Common Shares”), valued at $5.00 per share; and (b) the ICF Exchange Notes and the Lux Exchange Notes will be cancelled and will cease to be outstanding (collectively, the “Mandatory ICF/Lux Exchanges”). Specifically, on the Combination Date, each holder of the ICF Exchange Notes or the Lux Exchange Notes will automatically be entitled to receive, for each $1,000 principal amount of the applicable series of the ICF Exchange Notes or the Lux Exchange Notes held, the following consideration: (1) Assuming a value of $5.00 per share, which is the subscription price for common shares of Intelsat being purchased by SoftBank Group Corp. in connection with the Combination. In addition, accrued but unpaid interest on the ICF Exchange Notes and the Lux Exchange Notes through the Combination Date will be paid upon consummation of the Mandatory ICF/Lux Exchanges. The New Common Shares issued to holders of the ICF Exchange Notes and the Lux Exchange Notes, assuming 100% participation in the ICF Exchange Offer and the Lux Exchange Offers, is anticipated to equal approximately 1.0% of the outstanding common shares of Intelsat as of the date hereof after giving pro forma effect to the issuance of common shares to OneWeb stockholders pursuant to the Combination Agreement and to SoftBank Group Corp. pursuant to the related stock purchase agreement. Such New Common Shares are subject to dilution by any other equity issuances on or after the date hereof. Fractional New Common Shares will not be issued and the number of New Common Shares received by any applicable Eligible Holder will be rounded down to the nearest whole share. The terms of the Combination Agreement require the Exchange Offers and Consent Solicitations to be launched promptly after the date of the Combination Agreement or at such other time as mutually agreed by OneWeb and Intelsat. The consummation of the Exchange Offers will be subject to certain conditions, including, among others, the tender of a minimum of 85% of the aggregate outstanding principal amount of each series of Existing Notes. It is anticipated that none of the Jax Exchange Notes, the Final Jax Notes, the ICF Exchange Notes, the Lux Exchange Notes, or the New Common Shares (collectively, the “Consideration Securities”) will be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any other applicable securities laws and, unless so registered, none of the Consideration Securities may be offered, sold, pledged or otherwise transferred in the United States or to or for the account or benefit of any U.S. person, except pursuant to an exemption from the registration requirements of the Securities Act. The Issuers do not intend to register the Consideration Securities under the Securities Act or the securities laws of any other jurisdiction. None of the Consideration Securities will be transferable except in accordance with restrictions which will be described more fully in any applicable offering memorandums (the “Offering Memoranda”). It is anticipated that the Exchange Offers will be made, and each series of the Consideration Securities to be issued pursuant to and in connection with the Exchange Offers will be offered and issued, only (a) in the United States to holders of Existing Notes, as applicable, who are “qualified institutional buyers” (as defined in Rule 144A under the Securities Act), (b) in the United States to holders of Existing Notes, as applicable, not resident in Arkansas who are institutional “accredited investors” (within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and (c) outside the United States to holders of Existing Notes, as applicable, who are persons other than U.S. persons in reliance upon Regulation S under the Securities Act, and, in the case of clauses (b) and (c) above, who are also an "institutional account" within the meaning of FINRA Rule 4512(c). It is anticipated that only holders of Existing Notes who certify to the applicable Issuer that they are eligible to participate in the applicable Exchange Offer pursuant to at least one of the foregoing conditions (“Eligible Holders”) will be authorized to receive or review the related Offering Memorandum or participate in such Exchange Offer. If any holder of the Existing Notes is not an Eligible Holder, such holder will not be able to receive the Offering Memoranda. It is anticipated that the Exchange Offers and Consent Solicitations will be conducted pursuant to the Offering Memoranda and related materials (collectively, the “Exchange Offer Materials”). Questions regarding the Exchange Offers and Consent Solicitations may be directed to the Issuers at the following email address: Attn: Investor Relations, Email: investor.relations@intelsat.com. The complete terms and conditions of the Exchange Offers and Consent Solicitations, as well as the terms of each of the Consideration Notes, will be set forth in Offering Memoranda. The Offering Memoranda will only be made available to holders who complete an eligibility letter confirming their status as Eligible Holders. The Issuers will make the Exchange Offers only by, and pursuant to, the terms of the Exchange Offer Materials. None of Intelsat, the Issuers, the Information and Exchange Agent, nor their respective affiliates makes any recommendation as to whether Eligible Holders should tender or refrain from tendering their Existing Notes, as applicable. Eligible Holders must make their own decision as to whether or not to tender their Existing Notes, as applicable, as well as with respect to the principal amount of the Existing Notes, as applicable, to tender. The Exchange Offers will not be made to any holders of Existing Notes, as applicable, in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. This press release does not constitute an offer to purchase securities or a solicitation of an offer to sell any securities or an offer to sell or the solicitation of an offer to purchase any new securities, nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful. Intelsat S.A. (NYSE: I) operates the world’s first Globalized Network, powered by its leading satellite backbone, delivering high-quality, cost-effective video and broadband services anywhere in the world. Intelsat’s Globalized Network combines the world’s largest satellite backbone with terrestrial infrastructure, managed services and an open, interoperable architecture to enable customers to drive revenue and reach through a new generation of network services. Thousands of organizations serving billions of people worldwide rely on Intelsat to provide ubiquitous broadband connectivity, multi-format video broadcasting, secure satellite communications and seamless mobility services. The end result is an entirely new world, one that allows us to envision the impossible, connect without boundaries and transform the ways in which we live. Statements in this news release, including statements regarding the Combination, the Exchange Offers and the Consent Solicitations, constitute “forward-looking statements” that do not directly or exclusively relate to historical facts. When used in this release, the words “may,” “will,” “might,” “should,” “expect,” “plan,” “anticipate,” “project,” “believe,” “estimate,” “predict,” “intend,” “potential,” “outlook,” and “continue,” and the negative of these terms, and other similar expressions are intended to identify forward-looking statements and information. The forward-looking statements reflect Intelsat’s intentions, plans, expectations, anticipations, projections, estimations, predictions, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside of Intelsat’s control. Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements include known and unknown risks. Known risks include, among others, market conditions and the risks described in Intelsat’s annual report on Form 20-F for the year ended December 31, 2016, and its other filings with the U.S. Securities and Exchange Commission and risks and uncertainties related to our ability to consummate the Combination, the Exchange Offers and the Consent Solicitations, and to the occurrence of the Mandatory Jax Exchanges and the Mandatory ICF/Lux Exchanges. Because actual results could differ materially from Intelsat’s intentions, plans, expectations, anticipations, projections, estimations, predictions, assumptions and beliefs about the future, you are urged to view all forward-looking statements with caution. Intelsat does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


News Article | February 15, 2017
Site: www.altenergystocks.com

In Washington, an explosive new peer-reviewed report from ICF found that greenhouse gas emission reductions from typical corn-based ethanol production have soared to 43 percent compared to 2005-era gasoline. The report projects that by 2022, corn-based ethanol will achieve a 50 percent reduction, and could reach “76 percent in 2022 if there is more widespread adoption of optimal crop production and biorefinery efficiency.” The report, issued by the U.S. Department of Agriculture, based its revolutionary emissions math on a November 2014 study by researchers at Iowa State University, which found that farmers around the world have responded to higher crop prices by using available land resources more efficiently, rather than expanding the amount of land brought into production. Indirect land-use change modeling had suggested for years that higher crop prices would lead to rampant land conversion and result potentially in a massive loss of Amazonian rainforest — but the study found that the hard data revealed that farmers acted quite differently. In addition, ethanol production has become more sustainable through modern practices such as generating process heat via natural gas or biogas instead of burning coal, and through higher product yields. We have the key visual highlights of the report in our Multi-Slide Guide, here. To view a copy of the USDA analysis, click here. “This USDA report clearly demonstrates what we have known for years – that biofuels like ethanol are the most effective alternative to fossil fuel and a critical tool for reducing greenhouse gas emissions and improving air quality. Ethanol is an earth-friendly biofuel produced in America that not only significantly reduces greenhouse gas emissions, but also improves engine performance and saves consumers money at the pump. “As the report notes, corn ethanol has the potential to reduce greenhouse gas emissions by up to 76 percent when accounting for advancements in production efficiency techniques and sustainable agricultural practices. The ethanol industry works every day to improve production processes, ensuring that ethanol will continue to provide even greater benefits well into the future. The ethanol industry is proud to provide a product that helps clean our air, improves engine performance, and saves consumers money when they fill up their tank.” “We are pleased that USDA’s analysis reflects the tremendous efficiency gains our industry has made and continues to make. This is not your grandfather’s ethanol industry. Today’s farmers and ethanol producers use less energy than ever before, have lowered costs with new value-added markets and technologies, and evolved into the most cost-effective, cleanest-burning source of octane on the planet. Moreover, as this study proves, concerns about land use change were terribly overblown, and U.S.-produced corn ethanol is a stone-cold winner for the environment, providing dramatic reductions in greenhouse gas emissions.” “USDA and Secretary Vilsack have done a tremendous service by releasing this study after such a comprehensive and thorough analysis, using real world data and peer-reviewed assumptions. This should answer the critics who have repeated Big Oil’s polemic that renewable biofuels somehow increase carbon emissions.” Jim Lane is editor and publisher  of . Biofuels Digest is the most widely read  Biofuels daily read by 14,000+ organizations.


News Article | February 22, 2017
Site: www.prnewswire.com

ALEXANDRIA, Va., Feb. 22, 2017 /PRNewswire-USNewswire/ -- The Iraqi Children Foundation (ICF) will host its 5th Annual "In Their Shoes" 5K run/walk on May 20, 2017 at the US Patent and Trademark Office in Alexandria, Virginia. The 5K will benefit Iraq's most vulnerable: orphans, street...

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