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News Article | May 4, 2017
Site: www.greencarcongress.com

« Enel, Nissan and IIT launch pilot corporate EV car charging project with V2G chargers | Main | IAV says new version of modular electric drive can boost range 5-10% vs system with fixed transmission ratio » Intel unveiled its Advanced Vehicle Lab in Silicon Valley, providing insight into the company’s R&D efforts underway on autonomous vehicles. The announcement was made during the company’s first Autonomous Driving Workshop held in San Jose, California. At this workshop, Intel—together with BMW, Delphi, Ericsson and HERE—demonstrated progress toward autonomy. The theme of the day was “the data-driven journey”. The company’s Silicon Valley Lab joins Intel’s other labs in Arizona, Germany and Oregon. They have been created specifically to explore and better understand the various requirements related to self-driving vehicles and the future of transportation, including sensing, in-vehicle computing, artificial intelligence (AI), connectivity, and supporting cloud technologies and services. With the slew of information captured by cameras, LiDAR, radar and other sensors, autonomous cars are expected to generate approximately 4 terabytes of data every 90 minutes of operation. Most of this data will be processed, filtered, and analyzed in the car, while the most valuable data will be moved to the data center to update maps, enhance data models and more. Intel’s Autonomous Garage Labs work with customers and partners to come up with new ways of addressing the data challenge inside the vehicle, across the network and in the data center. Engineers at the labs use a variety of tools to advance and test in these areas, including vehicles equipped with Intel-based computing systems and different kinds of sensors that help gather data; autonomous test vehicles that practice real-world driving; partner vehicles and teams that are collaborating with Intel’s research efforts; and dedicated autonomous driving data centers.


News Article | May 27, 2017
Site: www.prweb.com

But wait a minute! Isn't cloud the next big thing in technology world? A startup from Seattle begs to disagree. "Back in the 70's, you had the mainframe computers. These were as big as entire rooms. Computer scientists and others rented them by the hour because they were extremely expensive to build and required special equipment and installation." said Suyash Sinha, the founder and CEO of Midfin Systems. "Today, smartphones that we carry in our pockets have more compute power than the mainframes of those days." "The same is true for the cloud. Today, we all rent it because it is very expensive to build large enough datacenters which will provide the scale necessary to lower the cost of computing." Suyash adds. "It is kind of like buying electricity from a utility. We do it because it requires huge scale to generate electricity economically. But we already see that world is beginning to change dramatically with the solar power generation technology. Power is cheap to generate on-site, it can be stored on-site in batteries and consumed at will." Suyash believes his company is about to change the cloud play with the new disruptive technology called eFabric(R) that his company has invented and brought to market. eFabric stands for "edge fabric" - a technology that cleverly separates application and user data from the cloud-scale management and operations capability. It allows the data to live anywhere customers want while still allowing the compute operations to be unified with cloud economics and scale. This brings better data security, governance and privacy while enjoying the scale benefits of a globally distributed architecture. "eFabric is a game changer." Said Suyash. "With eFabric, data can be placed very close to the people and the connected smart things with much smaller Internet delays in accessing that data. This makes eFabric a perfect new paradigm for cloud computing - from enterprise cloud to the Internet of Things use cases." Midfin Systems was recently recognized by CNBC as #13 on the world's most innovative startups. The founders are no strangers to the cloud. Suyash Sinha has a Computer Science degree from IIT Kanpur and has helped build technologies that power some of the largest cloud datacenters on the planet. Joy Ganguly, the CTO of the company, has a Computer Science degree from IIT Kharagpur and had helped build Amazon's massive cloud datacenters. Resources: eFabric can be downloaded for a free trial at http://www.midfinsystems.com/experience-efabric/ Company website: http://www.midfinsystems.com Contact: sales(at)midfinsystems.com


News Article | May 23, 2017
Site: techcrunch.com

TechCrunch is pleased to bring you Alchemist Accelerator‘s demo day. Alchemist is one of those rare programs that focuses on enterprise startups. These aren’t your parents’ enterprise companies. Pitches today will span products that help businesses with crowdfunding, wearables, sustainable farming and managing meetings with the power of AI. Investors and press will hear pitches from 15 enterprise companies. The demos start at 3:00pm PT and are expected to last two hours. You can watch it live here. Nobal Technologies The Imirror is the world’s most advanced interactive mirror, helping retail connect with consumers in the fitting room — where buying decisions are made. Team: Pieter Boekhoff (2016 Startup Canada Entrepreneur of the Year, CIS MRU), Thomas Battle (MBA), Alain Kassangana (Masters Eng). Everykey The revolution of access control, Everykey can unlock your phone, laptop, car, house or any other device when you’re close by, and also log you into your website accounts! Team: John McAfee (founder of McAfee Antivirus), Simon Boag (former president of Chrysler and GM), Chris Wentz (who made more than $100,000 in college selling iPads), Max Simon (started a haunted house in middle school and grew it to millions in annual revenue). Flowzo The fastest internet service powered by locals that helps property owners generate cash flow. Team: Thu Nguyen (5G/Wireless at TELUS/Marvell, Waterloo Engineering), Andrew Ta (managed technology strategy teams at both of the largest Canadian telecoms: TELUS/Bell, Ivey MBA), Chris Yap (shipped fiber chips at Marvell, previous startup focused on 60GHz Hardware, Stanford Engineering). Visage Smart crowdsourcing platform allowing companies to find and engage instantly with diverse talent. Team: Joss Leufrancois (co-founded Aldelia, a $50 million recruitment business established in nine countries), Emmanuel Marboeuf (former technical expert and international speaker in cyberdefense innovation). Amper Helps plant managers in factories increase machine and labor productivity by having real-time access to key metrics of machines. Data is captured using a simple, non-invasive retrofit sensor that monitors across machine types. Team: Akshat Thirani (CS Northwestern University, won the Thiel Summit pitch prize), Phil House (CS Northwestern University), Sachin Lal (CS Northwestern University, won the 2016 MIT Clean Energy prize). Uptime (previously EyePiece) Building a smarter industrial communication system using wearables. Team: Will Schumaker (PhD in optics from Stanford/UMich), Michael Leung (PhD student in EE from Stanford/Waterloo). ContextSmith Enterprise sales and expansion platform that uses AI to maximize revenue for sales and account management teams. Team: Will Cheung (head of customer success at Sequoia-backed startup, CS from CMU), Jochen Bedersdorfer (Intel AI Group, VP Eng of text analytics startup). Edyza High-density Internet of Things for industrial IoT, smart agriculture and other use cases that involve scaling sensors and actuators to thousands in close proximity. Team: Rana Basheer (PhD, principal scientist Broadcom, Garmin), Atul Patel (OneScreen, Jornaya and OptimalSocial). HydroVirga High-sensitivity NMR detection for elemental analysis in water. Our unique IP allows for detection of trace contaminants in real time, using micro NMR technology. Team: George Farquar, PhD (former LLNL), Julie Bowen, PhD (former LLNL), Mark Stephenson (20+ years water industry experience). Privacera Data security platform for enterprises to manage and mitigate risks with sensitive data in one place. Team: Balaji Ganesan (former XA Secure, acquired by Hortonworks), Don Bosco Durai (former XA Secure, acquired by Hortonworks, former Bharosa, acquired by Oracle). Stellic (previously Metis Labs) Student success platform designed to help students organize their college journey and graduate on time. Built by students, for students, this solves growing student retention problem faced by higher education. Team: Sabih (CMU CS ’15), Rukhsar (CMU CS ’15), Jiyda (CMU IS ’15). MeetingSift AI-driven meeting collaboration platform that delivers deep actionable insights from meetings across the enterprise. Team: Alex Bergo, PhD (Expert Collab., NLP, ML), Viil Lid, PhD (Collab. tech., HCI, Analytics). Fuse Next-generation inventory software. In the U.S., $1 trillion, or 20 percent of retail sales, are Lost every year because of stockouts and overstocks. We prevent this loss by algorithmically generating a demand forecast and centralizing it with real-time sales, inventory and procurement data. Team: Anna Tolmach (Wharton, Stanford MBA), Rachel Liaw (Stanford, UCLA, JD Candidate, 2018), Bridget Vuong (Stanford University, MS CS). Moesif Platform that makes sense of the world’s API data to change how APIs are created, debugged and used. Team: Derric Gilling (Intel Xeon Phi CPU Architect, Computer Eng @University of Michigan), Xing Wang (Executive Producer @Zynga, previously Microsoft, Computer Science @MIT). Text IQ Protecting enterprises from high-stakes legal disasters by using AI to identify sensitive, reputationally damaging and privileged documents that frequently get missed by human analysts and attorneys. Team: Apoorv Agarwal (PhD in Computer Science, Columbia, original contributor of IBM Watson), Omar Haroun (JD/MBA, Columbia, 3x founder with recent exit). Deep Relevance Internal fraud monitoring platform that uses behavioral AI to help finance and audit teams prevent employee and vendor fraud. Team: Kiran Ratnapu (VP Risk Technology, Merrill Lynch, MIT, IIT Bombay), Prasanna Kumar (healthcare and machine learning at Epic and startups, IIT Bombay CS). Strypes 3D visualizations powering new digital experiences for consumers across all devices and browsers. Team: Alexa Fleischman (EMC, Box, Boston College), Zack Fleischman (Microsoft Xbox, Zynga, Carnegie Mellon University), Matt Schiller (The Advisory Board, Cornell University). The History Project Empowering organizations to document, share and present institutional knowledge through a visual collaboration tool. Team: Niles Lichtenstein (Harvard, Monitor, Ansible — acquired by IPG, Velti — acquired by Blackstone), Michael Devin (principal tech architect at Frog, DARPA Director’s Medal, GE), Ben Yee (ITP, UX at Gilt Group).


LONDON, UK / ACCESSWIRE / May 25, 2017 / Active Wall St. announces its post-earnings coverage on ITT Inc. (NYSE: ITT). The Company announced its first quarter fiscal 2017 financial results on May 08, 2017. The supplier of parts and services to a variety of industries outperformed top- and bottom-line expectations. Register with us now for your free membership at: One of ITT Inc.'s competitors within the Diversified Machinery space, The Middleby Corp. (NASDAQ: MIDD), released its Q1 2017 earnings results on Tuesday, May 09, 2017. AWS will be initiating a research report on Middleby in the coming days. Today, AWS is promoting its earnings coverage on ITT; touching on MIDD. Get our free coverage by signing up to: On a GAAP basis, ITT delivered revenue of $625.8 million, up 3% compared to revenue of $609.1 million in Q1 2016, and an organic revenue (total revenue excluding foreign exchange, acquisition and divestiture impacts) increase of 2%, as growth in transportation was partially offset by project declines in oil and gas, reflecting weak backlog entering the year. Organic orders grew 7% in the reported quarter primarily due to a large oil and gas project win and significant automotive share gains in Europe and China. The Company's revenue numbers surpassed analysts' consensus of $603.4 million. During Q1 2017, ITT's GAAP segment operating income increased 9% and adjusted segment operating income increased 3%, reflecting incremental restructuring benefits, higher volumes and improved productivity. These gains were partially offset by $4 million of unfavorable foreign exchange, higher commodity costs and strategic investments to support continued long-term automotive platform wins. ITT's GAAP EPS increased $0.10 on a y-o-y basis to $0.52 and adjusted EPS, which excludes special items, increased $0.05 to $0.64, as segment operating income growth, favorable corporate costs, and improved efficiency were partially offset by $1 million of unfavorable impacts from foreign exchange. The Company's earnings numbers surpassed Wall Street's expectations of $0.60 per share. During Q1 2017, IIT's Industrial Process segment's revenue fell 11% to $186 million, reflecting growth in short-cycle baseline pumps and service that was more than offset by large project declines, primarily in oil and gas due to weak backlog, as well as slower aftermarket parts activity. Industrial Process segment's GAAP operating income decreased 19% to $7 million, and adjusted segment operating income decreased 18% to $10 million. Both measures primarily reflect lower project volumes across key markets, increased negative impacts from pump projects with a high degree of engineering and manufacturing complexity, and $1 million of unfavorable foreign exchange, which were partially offset by incremental restructuring benefits and improved operational execution. ITT's Motion Technologies segment's total revenue increased 12% to $287 million, and organic revenue increased 10%, reflecting significant share gains and market growth in automotive brake pads in Europe and China, improved aftermarket, and strength in sealing solutions at Wolverine. The segment's total revenue includes $8 million of unfavorable foreign exchange and incremental revenue of $14 million from the acquisition of Axtone Railway Components. The segment's GAAP operating income increased 8% to $55 million, and adjusted segment operating income increased 5% to $56 million. Both increases reflect strong volume growth, partially offset by commodity costs, pricing pressures, $2 million of unfavorable foreign exchange, and $3 million of strategic investments to support continued long-term platform wins in North America. ITT's Connect and Control Technologies total revenue increased 6% to $153 million, while organic revenue increased 7% on a y-o-y basis. Both increases reflect stronger general industrial, defense, and oil and gas connector activity. The segment's GAAP operating income increased 32% to $16 million and adjusted segment operating income increased 14% to $18 million. On May 11, 2017, ITT's Board of Directors declared Q2 2017 cash dividend of $0.128 per share on the Company's outstanding stock. The cash dividend will be payable on July 03, 2017, to shareholders of record as of the close of business on June 12, 2017. ITT reiterated its previously announced 2017 full-year revenue guidance in the range of down 2% to up 2% versus the prior year, and it is raising the midpoint of its previous GAAP and adjusted EPS guidance by $0.05. ITT Inc.'s share price finished yesterday's trading session at $39.00, marginally up 0.08%. A total volume of 674.29 thousand shares exchanged hands, which was higher than the 3 months average volume of 545.65 thousand shares. The stock has rallied 10.36% in the past twelve months. Furthermore, since the start of the year, shares of the Company have gained 1.11%. The Company's shares are trading at a PE ratio of 18.36 and have a dividend yield of 1.31%. At Wednesday's closing price, the stock's net capitalization stands at $3.45 billion. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institut


LONDON, UK / ACCESSWIRE / May 25, 2017 / Active Wall St. announces its post-earnings coverage on ITT Inc. (NYSE: ITT). The Company announced its first quarter fiscal 2017 financial results on May 08, 2017. The supplier of parts and services to a variety of industries outperformed top- and bottom-line expectations. Register with us now for your free membership at: One of ITT Inc.'s competitors within the Diversified Machinery space, The Middleby Corp. (NASDAQ: MIDD), released its Q1 2017 earnings results on Tuesday, May 09, 2017. AWS will be initiating a research report on Middleby in the coming days. Today, AWS is promoting its earnings coverage on ITT; touching on MIDD. Get our free coverage by signing up to: On a GAAP basis, ITT delivered revenue of $625.8 million, up 3% compared to revenue of $609.1 million in Q1 2016, and an organic revenue (total revenue excluding foreign exchange, acquisition and divestiture impacts) increase of 2%, as growth in transportation was partially offset by project declines in oil and gas, reflecting weak backlog entering the year. Organic orders grew 7% in the reported quarter primarily due to a large oil and gas project win and significant automotive share gains in Europe and China. The Company's revenue numbers surpassed analysts' consensus of $603.4 million. During Q1 2017, ITT's GAAP segment operating income increased 9% and adjusted segment operating income increased 3%, reflecting incremental restructuring benefits, higher volumes and improved productivity. These gains were partially offset by $4 million of unfavorable foreign exchange, higher commodity costs and strategic investments to support continued long-term automotive platform wins. ITT's GAAP EPS increased $0.10 on a y-o-y basis to $0.52 and adjusted EPS, which excludes special items, increased $0.05 to $0.64, as segment operating income growth, favorable corporate costs, and improved efficiency were partially offset by $1 million of unfavorable impacts from foreign exchange. The Company's earnings numbers surpassed Wall Street's expectations of $0.60 per share. During Q1 2017, IIT's Industrial Process segment's revenue fell 11% to $186 million, reflecting growth in short-cycle baseline pumps and service that was more than offset by large project declines, primarily in oil and gas due to weak backlog, as well as slower aftermarket parts activity. Industrial Process segment's GAAP operating income decreased 19% to $7 million, and adjusted segment operating income decreased 18% to $10 million. Both measures primarily reflect lower project volumes across key markets, increased negative impacts from pump projects with a high degree of engineering and manufacturing complexity, and $1 million of unfavorable foreign exchange, which were partially offset by incremental restructuring benefits and improved operational execution. ITT's Motion Technologies segment's total revenue increased 12% to $287 million, and organic revenue increased 10%, reflecting significant share gains and market growth in automotive brake pads in Europe and China, improved aftermarket, and strength in sealing solutions at Wolverine. The segment's total revenue includes $8 million of unfavorable foreign exchange and incremental revenue of $14 million from the acquisition of Axtone Railway Components. The segment's GAAP operating income increased 8% to $55 million, and adjusted segment operating income increased 5% to $56 million. Both increases reflect strong volume growth, partially offset by commodity costs, pricing pressures, $2 million of unfavorable foreign exchange, and $3 million of strategic investments to support continued long-term platform wins in North America. ITT's Connect and Control Technologies total revenue increased 6% to $153 million, while organic revenue increased 7% on a y-o-y basis. Both increases reflect stronger general industrial, defense, and oil and gas connector activity. The segment's GAAP operating income increased 32% to $16 million and adjusted segment operating income increased 14% to $18 million. On May 11, 2017, ITT's Board of Directors declared Q2 2017 cash dividend of $0.128 per share on the Company's outstanding stock. The cash dividend will be payable on July 03, 2017, to shareholders of record as of the close of business on June 12, 2017. ITT reiterated its previously announced 2017 full-year revenue guidance in the range of down 2% to up 2% versus the prior year, and it is raising the midpoint of its previous GAAP and adjusted EPS guidance by $0.05. ITT Inc.'s share price finished yesterday's trading session at $39.00, marginally up 0.08%. A total volume of 674.29 thousand shares exchanged hands, which was higher than the 3 months average volume of 545.65 thousand shares. The stock has rallied 10.36% in the past twelve months. Furthermore, since the start of the year, shares of the Company have gained 1.11%. The Company's shares are trading at a PE ratio of 18.36 and have a dividend yield of 1.31%. At Wednesday's closing price, the stock's net capitalization stands at $3.45 billion. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institut LONDON, UK / ACCESSWIRE / May 25, 2017 / Active Wall St. announces its post-earnings coverage on ITT Inc. (NYSE: ITT). The Company announced its first quarter fiscal 2017 financial results on May 08, 2017. The supplier of parts and services to a variety of industries outperformed top- and bottom-line expectations. Register with us now for your free membership at: One of ITT Inc.'s competitors within the Diversified Machinery space, The Middleby Corp. (NASDAQ: MIDD), released its Q1 2017 earnings results on Tuesday, May 09, 2017. AWS will be initiating a research report on Middleby in the coming days. Today, AWS is promoting its earnings coverage on ITT; touching on MIDD. Get our free coverage by signing up to: On a GAAP basis, ITT delivered revenue of $625.8 million, up 3% compared to revenue of $609.1 million in Q1 2016, and an organic revenue (total revenue excluding foreign exchange, acquisition and divestiture impacts) increase of 2%, as growth in transportation was partially offset by project declines in oil and gas, reflecting weak backlog entering the year. Organic orders grew 7% in the reported quarter primarily due to a large oil and gas project win and significant automotive share gains in Europe and China. The Company's revenue numbers surpassed analysts' consensus of $603.4 million. During Q1 2017, ITT's GAAP segment operating income increased 9% and adjusted segment operating income increased 3%, reflecting incremental restructuring benefits, higher volumes and improved productivity. These gains were partially offset by $4 million of unfavorable foreign exchange, higher commodity costs and strategic investments to support continued long-term automotive platform wins. ITT's GAAP EPS increased $0.10 on a y-o-y basis to $0.52 and adjusted EPS, which excludes special items, increased $0.05 to $0.64, as segment operating income growth, favorable corporate costs, and improved efficiency were partially offset by $1 million of unfavorable impacts from foreign exchange. The Company's earnings numbers surpassed Wall Street's expectations of $0.60 per share. During Q1 2017, IIT's Industrial Process segment's revenue fell 11% to $186 million, reflecting growth in short-cycle baseline pumps and service that was more than offset by large project declines, primarily in oil and gas due to weak backlog, as well as slower aftermarket parts activity. Industrial Process segment's GAAP operating income decreased 19% to $7 million, and adjusted segment operating income decreased 18% to $10 million. Both measures primarily reflect lower project volumes across key markets, increased negative impacts from pump projects with a high degree of engineering and manufacturing complexity, and $1 million of unfavorable foreign exchange, which were partially offset by incremental restructuring benefits and improved operational execution. ITT's Motion Technologies segment's total revenue increased 12% to $287 million, and organic revenue increased 10%, reflecting significant share gains and market growth in automotive brake pads in Europe and China, improved aftermarket, and strength in sealing solutions at Wolverine. The segment's total revenue includes $8 million of unfavorable foreign exchange and incremental revenue of $14 million from the acquisition of Axtone Railway Components. The segment's GAAP operating income increased 8% to $55 million, and adjusted segment operating income increased 5% to $56 million. Both increases reflect strong volume growth, partially offset by commodity costs, pricing pressures, $2 million of unfavorable foreign exchange, and $3 million of strategic investments to support continued long-term platform wins in North America. ITT's Connect and Control Technologies total revenue increased 6% to $153 million, while organic revenue increased 7% on a y-o-y basis. Both increases reflect stronger general industrial, defense, and oil and gas connector activity. The segment's GAAP operating income increased 32% to $16 million and adjusted segment operating income increased 14% to $18 million. On May 11, 2017, ITT's Board of Directors declared Q2 2017 cash dividend of $0.128 per share on the Company's outstanding stock. The cash dividend will be payable on July 03, 2017, to shareholders of record as of the close of business on June 12, 2017. ITT reiterated its previously announced 2017 full-year revenue guidance in the range of down 2% to up 2% versus the prior year, and it is raising the midpoint of its previous GAAP and adjusted EPS guidance by $0.05. ITT Inc.'s share price finished yesterday's trading session at $39.00, marginally up 0.08%. A total volume of 674.29 thousand shares exchanged hands, which was higher than the 3 months average volume of 545.65 thousand shares. The stock has rallied 10.36% in the past twelve months. Furthermore, since the start of the year, shares of the Company have gained 1.11%. The Company's shares are trading at a PE ratio of 18.36 and have a dividend yield of 1.31%. At Wednesday's closing price, the stock's net capitalization stands at $3.45 billion. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institut


News Article | May 9, 2017
Site: www.prnewswire.com

Consumers are raving about the AVOCADO service. A recent thank you gift to AVOCADO team reads "we have two young kids but still we would end up eating out often. Now groceries are always stocked so we cook at home regularly and eat healthier." AVOCADO prides itself in the way it treats its customers. "Our philosophy is to focus on providing value to customers and everything else will figure itself out. An above-board customer service is part of our value proposition. We ensure 1 hr resolution for the majority of customer issues. This results in happy customers and a lot of referrals," said Pradyumna Gupta, Founder at AVOCADO. "Pie is a huge step in grocery shopping automation. It is the only device of its kind and it creates unprecedented value for our customers," said Srikanth Kakani, Founder - CEO at AVOCADO. AVOCADO market study shows that about 57% of the consumers consider grocery shopping a chore and would love to see it automated. AVOCADO helps them do it. AVOCADO is on a mission to automate mindless recurring chores at home. AVOCADO team has graduates from Stanford, Harvard, INSEAD, Georgia tech and IIT with more than 100 years of collective hardware building experience and track record of turning startups profitable. Team AVOCADO takes pride in seamlessly combining advanced technology with boots-in-the-mud practicality to build systems that are innovative, cool and actually work. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hate-grocery-shopping-this-is-how-avocados-pie-will-fix-it-300454559.html


News Article | May 11, 2017
Site: www.techradar.com

It's strong, it's flexible, and it's here. After a long time cooking in the labs, the first graphene-based products are beginning to trickle out into the world of smartphones, wearables, batteries, virtual reality, sports equipment, super-capacitors and supercars. It's a material that some believe has been coerced from abandoned space ships, left on Earth by distant races years ago. While that's a little unlikely, the power of this super-thin, strong, conductive and all-round amazing material is deserving of such a conspiracy. It's been over 60 years coming as scientists and manufacturers alike have struggled to harness the power of this awesome material, but it's closing in on revolutionizing so many things we're using day to day. At MWC 2017, FlexEnable showed-off a full color, graphene-based mechanical pixel system for low-power displays and e-ink displays – that’s a paper-thin Kindle-like device to you and me. The big breakthrough for the e-ink screen is using printed graphene instead of brittle titanium oxide. “We try to replace some of the metal conductors with printed graphene to make the devices more flexible,” says Dr. Rouzet Agaiby at FlexEnable, whose plastic electronics still tend to include some (non-flexible) silicon. “A Kindle is only thick because it’s on glass.” It’s all very well having an electric car, but only if it accelerates as quickly as its petrol counterparts. That means they need to be super-light. So how about we replace glass and metal with plastics, carbon fiber... or graphene? Cue a limited-edition supercar starting at £130,000 (around $163,000/AU$215,000) from British manufacturer Briggs Motor Company, whose structural components include graphene, so are lighter and stronger than carbon fiber composite, and therefore much more energy-efficient. Another way of using graphene to increase acceleration is super-capacitors containing graphene for energy recovery; its super-conductive properties create a super-efficient KERS (Kinetic Energy Recovery System). Skeleton Technologies has shown exactly that using curved graphene, which saves on fuel consumption (or reduces electricity use). Printed electronics are the next big thing, and graphene is at the forefront. Costing just a few pennies each are paper wristbands or tickets, which have graphene ink printed onto them. In a recent demo, the proximity of a graphene RFID tag to a reader caused a picture to be taken of the wearer or holder. "This could be used in closed environments such as airports for monitoring passengers boarding a high security flight, or on the London Underground to track which entrances and exits passengers take just by tracking their ticket," says Dr Thanasis Georgiou, VP, Graphene Security Ltd., Photon Science Institute, University of Manchester. "Products in supermarkets could have [graphene-based] RFID technology on them so you could know in real-time where products are." As well as making shop-lifting much harder, and perhaps even getting rid of the checkout altogether, a connected Internet of Things-like system would be able to see instantly when stocks of specific products are running low. How about a totally wearable prosthetic hand like Luke Skywalker wears in The Empire Strikes Back? Graphene inks have been used by the Istituto Italiano di Tecnologia (IIT) to make the Prosthetic IIT-NAIL Hand, which uses graphene ink on paper as the electrodes, replacing titanium. Doing so gets rid not only of titanium and all cables taking biomedical electrical signals from muscles to the hand, but it means the control system can have direct contact with the stump. The Prosthetic IIT-NAIL Hand is flexible, more comfortable and cheaper to make than existing techniques. It conducts, it’s flexible, and it’s safe when used against flesh. Cue a graphene contact lens – officially an ‘electronic retinal prostheses’ – that helps patients that have lost their sight but still have a functional optic nerve. The brainchild of Jose Antonio Garrido, director of the Group of Advanced Electronic Materials and Devices at Institut Català de Nanociència i Nanotecnologia (ICN2), graphene is used to effectively detect and translate more light into electrical signals, increasing the resolution of images perceived by the patient's brain. It’s still under development. What if you could charge your phone in five minutes? That’s the thinking behind the Zap & Go charger, which takes full advantage of graphene’s conductive prowess to fully charge in five minutes, though the prototype is only a 750mAh battery. It's due to launch later in 2017. Meanwhile, the Watt Laboratory (under Huawei's Central Research Institute) also recently used graphene to allow lithium ion batteries to run at temperatures of 60°C, roughly 10°C hotter than standard batteries, thereby prolonging the lifespan of the power pack. It also held a charge for twice as long. Soon, Fitbit, Jawbone, Misfit and other fitness 'wristables' are going to look clunky – and dumb. Graphene promises not only much thinner (even paper-thin) wristbands, but they'll have integrated graphene light sensors and circuitry that bring extra functionality just by using light. Wearables that measure your activity and heart rate are everywhere, but they’re bulky, and their one-trick function is becoming boring. Cue graphene-enabled health patches for patients in hospitals, for sports, and for everyone else. “Wellness sensing in the future will be something like a disposable e-tattoo, which has graphene that senses vital signs like heart rate, oxygen saturation, and skin temperature, breathing rate and even UV light exposure when you’re at the beach,” says Stijn Goossens, Postdoctoral research engineer, Nano-optoelectronics, Institute of Photonic Sciences (ICFO) in Barcelona. “With oxygen saturation alone you can predict if someone is getting the flu,” he says, adding that even the digital circuits are one-atom thin, including a Bluetooth chip. Enabled by a flexible and transparent graphene-based sensing platform, the key advantage is that a power-hungry LCD screen isn’t needed. And that means it can be super-thin. Who needs silicon? Researchers from TU Delft and Spain's Graphenea have found a new way to create mechanical pixels using tiny balloon-like structures. Each pixel is a two-atom thick graphene membrane 13 micrometers wide, and although they don't emit light, they are visible in sunlight so could suit e-books and smartwatches. Oh, and they're full color; thanks to interference between light waves reflected from the bottom of the cavity and the membrane on top, which can be controlled using pressure. The researchers are now working to control the color of the membranes electrically. It’s very easy to get drunk on the possibilities of graphene, and it doesn’t get easier than with the ICN2’s graphene quantum dots printed on paper that can detect certain contaminants. It means the ICN2’s patented sensor, when placed in a phone, exploits the optical properties of graphene quantum dots to detect the presence of pesticides in wine, water, or anything else. “Light comes from the graphene quantum dots, interacts with the compounds, and you see changes in the light’s color,” says Professor Dr. Arben Merkoçi, director of the Nanobioelectronics and Biosensors Group at the ICN2. “All it uses is paper, a smartphone, and graphene.” It could have uses in hospitals, or anywhere you don’t believe the booze. Graphene can also be used to make super-thin, super-sensitive image sensors that can detect invisible infra-red light. Cue spectral applications to differentiate between different organic materials, with a quick photo revealing exactly how ripe fruit is, or whether baby milk is toxin-free; all from a smartphone. “Our prototype is built on graphene and CMOS integration that can sense both visible and infra-red light,” says Goossens at the ICFO. “In the near future we can produce them in very high quantity at very low cost for smartphones.” If you've read up on graphene, you may have heard optimistic reports of a graphene camera that's 1000x more sensitive to light than the ones we have today, conjuring visions of pixel-perfect night shots. While you won't want to get your hopes up for that just yet, a more recent project from the University of Michigan deserves a closer look. It's a DSLR-size camera that uses multiple translucent graphene sensors to create a 3D map of a scene, so that you can pick your focus point after taking a shot. This is a graphene alternative to the 'light field' Lytro Illum, but where the graphene camera uses multiple sensor layers, the Illum needs an array of hundreds of thousands of micro lenses to create its images. "Graphene detectors can offer very high sensitivity, so you don't really sacrifice the clarity by making them transparent," says associate professor of electrical engineering and computer science Zhaohui Zhong. The tech could be slimmed down to fit into a phone. The ability to see in the infrared – effectively night vision – means that same graphene CMOS camera can be used as part of a self-driving car’s automatic brake system, specifically in bad weather. “Now they use visible cameras, but in dense fog they’re useless,” says Goossens of this collision avoidance tech. Autonomous cars will also probably use LIDAR sensors to constantly scan the area around them, but it’s a relatively slow technology. At Mobile World Congress 2017 in Barcelona, the ICFO had a Scalextric-style track with two VW camper vans buzzing around, with the following vehicle stopping in its tracks as soon as the front vehicle braked in a ‘fog box’. Graphene's transparent appearance and super low-power means it can be used in some unexpected places. Since it's got super-low power consumption and it's highly sensitive, the tech could be used in inert materials such as windows. "The light sensors can be embedded in anything, so you could think about putting it in windows or other places where there's no power, such as packaging," says Goossens. "In a window in a building it could detect whether it's night or day for your curtains to open or close automatically." It's also the first step along the way to windows managing to harvest energy during the day and illuminating during the night - while still being transparent. However, a more short-term killer app is probably as a hands-free system in a car. "You would need four sensors to detect a directionality, so in a car window it could detect motion sensing – you could change the track on a CD just by waving your hand," says Goossens. The advantage over existing tech is that graphene can be completely transparent – the entire window could be full of sensors. Drones run out of battery quickly, and their propellers break when they’re landed badly. Cue a drone with 3D-printed graphene composites in its propellers that’s both super-strong and super-light, so more battery-efficient. “Printing with graphene is very easy, but when you start combining it with other polymers and materials, that’s when it gets complicated,” says Charlotte Powell at the University of Manchester’s National Graphene Institute. Nevertheless, the goal of this project with the University of Central Lancashire is to make all parts of the drone with graphene, including more graphene composites in the body and even a graphene-based battery pack and graphene spectral sensors. They’re hard, they’re hot, and they’re heavy, but helmets have already had the graphene treatment. Developed by Italy’s Momodesign and the Istituto Italiano di Tecnologia (IIT), this first-ever graphene-infused carbon fiber helmet capitalizes on the material’s thin, strong and conductive, flexible and light characteristics to create a helmet that absorbs and dissipates impact better than your average helmet. It also disperses heat more efficiently, so it’s cooler. Hardware is dead; the future of phones is flex-ware – and that means graphene making everything curved, bendable and flexible. Oh, and the data super-fast, too. The first Wi-Fi receiver based on graphene, from AMO together with RWTH Aachen University, has 24 Wi-Fi receivers on pieces of plastic and glass, but its makers claim it can work on fabric, paper, glass or plastic, and deal in Bluetooth, 4G and even 5G. Prototypes are working at 2.45Ghz and 5.8Ghz and the creators have circuits that work at up to 90Ghz, which covers the 5G standard. This is printed electronics, which graphene is very much at the forefront of; expect to see RFID tags printed on paper using graphene ink that act as a ticket for concerts and at airports, and even as a method of payment at events and on transport networks. Water, soil and air purification is also possible with graphene. One of these products – Grafysorber from Directa Plus – is super-absorbent, and ideal for oil spills. “One gram of Grafysorber is able to absorb up to 90 grams of oil,” says Laura Rizzi, R&D manager at Directa Plus. The mobile Grafysorber Decontamination Unit contains a plasma machine to produce the wonder material on-site, which is even able to return contaminated water to safe levels for drinking. “Normally you have to use a biological or chemical process to treat contaminated water, but Grafysorber is completely chemical-free,” says Rizzi. It’s also been suggested that the same properties could be used as water membranes that could sieve pure water straight from a contaminated, muddy puddle. It’s not often said, but virtual reality is not very convincing. It needs movement sensors to become so, and what better than a pair of super-responsive gloves that are sensitive to tiny changes in motion and temperature? “Graphene flakes printed in very thin layers are very sensitive to strain,” says Dr Darryl Cotton, Senior Researcher, Nanotechnology, Nokia Research Center in Cambridge. “We’ve also put reduced graphene oxide into a temperature sensor.” The end result is a glove that, for now, sets-off surface-mounted LEDs, but they’re so thin and flexible that they could be used to make virtual reality environments responsive to tiny movements in fingers. Regular audio speakers are very physical things. They use drivers that move back and forwards very quickly, exciting the air to create sound waves. Back in 2013, the University of California at Berkeley made an earphone with a graphene driver, but the material has also been used to create a completely different kind of speaker. A recent article in the ACS Applied Materials & Interfaces journal outlines a thermo-acoustic speaker made using graphene. It's lab-bound right now, but it could be a fit for mobile devices, as it doesn't require the kind of speaker cavity normal dynamic driver speakers need. The way in which it works may sound odd though. A suspension of graphene flakes is freeze-dried to produce an aerogel – an ultra-porous graphene-based structure, a bit like a rigid sponge. This gel is then rapidly heated and cooled to cause air movement similar to that of a normal speaker cone. We're yet to see how much battery drain a thermo-acoustic speaker would cause, and how much discernible heat it might produce – but if it makes a tablet sound more like a mini surround sound system, we're in. In July 2016, Dassi unveiled the first graphene bike frame. As graphene's strength relative to its weight is so high, graphene should make ultra-rigid, extremely light bike frames a cinch to design. The Dassi frame is still predominantly a carbon fiber frame, with some layers of graphene reinforcement at its core, but graphene itself makes up only around one percent of the frame. At this stage it's a proof of concept, particularly as the frame is around the same weight as a top-end all-carbon one, at 750g. However, Dassi claims the weight will eventually be reduced to "500g unpainted". Graphene can also be woven into carbon fiber; Rice University successfully reinforced carbon fiber with graphene flakes in 2013, and a company called Zyvex already makes a carbon fiber graphene composite called Arovex. Vittoria Industries is using graphene in its top of the range Corsa tyres, as well as in its carbon wheels. "We are using graphene-nanoplatelets in the resin, which we impregnate into the carbon fiber," says Giulio Cesareo, CEO of Directa Plus, which supplies the graphene. The end products are lighter, stronger, and more flexible, with extra thermal conductivity in tyres meaning better stiffness and grip.


Patent
Iit | Date: 2014-02-18

An ink composition for printing on a substrate is disclosed. The ink composition comprises a conductive material, ethyl cellulose as a binder; and a solvent selected from the group consisting of isoamylacetate and isoamylacetate-water mixture.


A composition for the purification of water and the device using the composition, where the composition contains a transition metal ion M^(n+) releasing compound along with an CO_(3)^(2) releasing compound or an SiO_(3)^(2) releasing compound.


A network capable of being used in a datacenter is described. In some embodiments, the network can comprise a set of optical fiber rings, wherein each optical fiber ring carries data traffic on one or more wavelengths, and wherein each optical fiber ring is partitioned into multiple sectors. A reconfigurable optical add-drop multiplexer (ROADM) can be coupled to at least one optical fiber in each of at least two sectors. An electro-optical-switch can be coupled to each ROADM in each of the at least two sectors. A set of switches can be coupled to each electro-optical-switch in each of the at least two sectors. The set of switches can comprise a first layer of aggregation switches that is coupled to a second layer of edge switches, wherein the edge switches can be coupled to servers in a datacenter.

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