Information Today Inc.

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Information Today Inc.

United States
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CCLI today delivered a letter, which remains open to signature by any business of any size, to all members of the United States Senate. (Eight companies made a similar delivery in their own names on May 11.) The letter expressly asks senators to sign two letters to their colleagues on the Appropriations Committee calling for $186.6 million in FY 2018 funding for programs under the Library Services and Technology Act (LSTA) and $27 million for the Innovative Approaches to Literacy program (IAL). LSTA funding goes primarily to a population-based matching grant program that puts states in charge of how federal funds are spent. IAL allows school libraries and non-profit groups to buy books and educational materials for the nation's neediest children. CCLI also will work to: rapidly reauthorize the Museum and Library Services Act, which created LSTA; and assure that any infrastructure investments authorized by Congress both include library facilities and leverage the nation's 120,000 libraries to make high-speed broadband service available in every corner of America, especially in rural and other underserved communities. CCLI was co-conceived by Gale, a Cengage company, and the American Library Association, which will provide logistical support for the group. Founding members include Baker & Taylor, bibliotheca, Candlewick Press, Corporate Graphics International, EBSCO Information Services, Encyclopedia Britannica, Findaway, Follett, Gale/Cengage, Information Today, Jamex, Mackin, Macmillan, ­­OverDrive, Peachtree Publishers, Pearson, Penguin Random House, Prendismo, ProQuest, Public Information Kiosk, The RoadRunner Press, Rosen Publishing, SirsiDynix, the American Booksellers Association and the Software and Information Industry Association. CCLI's membership is continuouly updated online at fundlibraries.com. The following comments may be individually attributed to CCLI members as noted: "Full funding for the Library Services and Technology Act and the Innovative Approaches to Literacy program is critical.  In an age of rapid technological innovation, libraries enable citizens to keep pace through easy and affordable access to the internet and other techno­logical resources that help them find jobs, start businesses, and provide skills training necessary for the 21st Century economy."  Ken Wasch, President & CEO, Software and Information Industry Association "Now more than ever, America's public libraries are reaching deep into all facets of the communities they serve offering patrons vital services that are having a profound impact on their lives." David Cully, President, Baker & Taylor "Libraries play a critical role within communities across America, promoting literacy without discrimination and providing educational opportunities that transform lives and fuel lifelong learners. Today's libraries equip citizens with literacy tools and resources that enhance employable skills and stimulate the country's economy." Matthew Bellamy, Chief Commercial Officer, bibliotheca "There is nothing more vital to a community than a library.  Where else can someone go to expand their thinking and learn about the world around them then this place.  A library is more than important—it is vital." Matt Keller, Capstone Chief Marketing Officer. "EBSCO has worked with libraries for more than 70 years and understands the value they bring to their communities. CCLI brings together companies who are in a unique position to share concerns about library funding and highlight the impact libraries have on their users." Tim Collins, President and CEO, EBSCO Information Services "As schools across the country struggle to curate content and connect students with digi­tal resources, librarians are positioned like never before to play a leadership role in their schools and districts. A great library program is the foundation for a future ready district." Nader Qaimari, President, Follett School Solutions "Libraries are critical infrastructure in the knowledge economy. Gale supports the Insti­tute of Museum and Library Services and LSTA funding in order to protect private sector jobs and ensure millions of Americans can continue to rely on their state, public, school, and university libraries for the information they need to succeed at school, work and life." Paul Gazzolo, Senior Vice President & General Manager, Gale, a Cengage company "At Mackin, we stand together with our colleagues and CCLI, supporting and reinforcing the fact that libraries are essential to the growth of our communities. They must be fun­ded appropriately, as tomorrow's thinkers, leaders and shapers of the future depend on it." Randal Heise, Owner, Mackin Educational Resources "Libraries provide a proven economic catalyst for every community in America.  They empower our citizens to enter and enhance our workforces, enable businesses to be competitive, and inspire thousands of startups and entrepreneurs every year.  America's libraries drive successful outcomes for all of our cities and states." Steve Potash, CEO & President, OverDrive "The American public relies on libraries. Schools thrive with them. Communities and econo­mies are strengthened by the services they provide. Let's do the right thing and keep our libraries strong with the federal funding that they so greatly rely on." Margaret Quinlin, President and Publisher, Peachtree Publishers "Community and school libraries help ensure that learners of all ages have access to the information they need to succeed in the digital age. They deserve our support."      Tim Bozik, President, Global Product, Pearson "Federal funding for libraries is critical if Americans in rural and urban communities, both young and old, are to have the materials they need—from books to computers with cur­rent software to Internet/broadband access—to find that next job, start that next busi­ness, or complete that next level of education. Think of our public libraries as the base on which the engine of our economy sits." Jeanne Devlin, Publisher, The RoadRunner Press "Libraries and librarians serve our nation in so many ways: whether providing coding clas­ses for students, job information for job seekers or job changers; online access for those citizens without computers at home, health resources or multi-lingual materials. When the library's doors remain open for business, patrons thrive and our economy prospers."   Roger Rosen, CEO & President, The Rosen Publishing Group The Corporate Committee for Library Investment(CCLI) is a group of companies and national trade associa­tions working to educate Congress and other federal policymakers about the extraordinary value of federal investment in America's libraries. fundlibraries.com. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/leading-companies-and-trade-associations-catalyze-new-multi-industry-business-group-to-save-federal-library-funding-300459073.html


News Article | May 10, 2017
Site: globenewswire.com

CAMBRIDGE, Mass., May 10, 2017 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leading developer of autologous expanded cell therapies for the treatment of patients with serious diseases and conditions, today reported financial results for the first quarter ended March 31, 2017. Total net revenues for the quarter ended March 31, 2017 were approximately $9.4 million, net of a $2.8 million revenue reserve related to an unresolved contractual dispute between one of the Company’s pharmacy providers and a payer.  Net revenue included approximately $5.0 million of Carticel® (autologous cultured chondrocytes) and MACI® (autologous cultured chondrocytes on porcine collage membrane) net revenues and approximately $4.4 million of Epicel® (cultured epidermal autografts) net revenues, compared to $8.8 million of Carticel revenues and $5.3 million of Epicel revenues, respectively, in the first quarter of 2016. Carticel and MACI net revenues reflect a change in estimate for revenue reserves of $2.1 million related to 2016 sales and $0.7 million related to 2017 sales.  The company engages pharmacies to contract with insurance providers and recently received notification of a dispute between one contracted pharmacy and a payer.  Since the company retains credit and collection risk from the end customer, we revised our estimate by assuming cases processed by that pharmacy will be paid at a lower out-of-network rate.  The earlier estimates were based on claims being paid on an in-network basis consistent with the actual payment history and the pharmacy’s interpretation of its contract with the payer. Gross profit for the quarter ended March 31, 2017 was $2.3 million, or 24% of net revenues, compared to $7.5 million, or 54% of net product revenues, for the first quarter of 2016. Research and development expenses for the quarters ended March 31, 2017 and March 31, 2016 were $3.5 million.  Clinical trial expenses for the ixCELL-DCM clinical trial and research and development expenses related to Epicel were consistent for both periods.  Research and development expenses related to Carticel decreased, offset by an increase in research and development expenses related to MACI. Selling, general and administrative expenses for the quarter ended March 31, 2017 were $8.4 million compared to $6.0 million for the same period in 2016.  The increase in SG&A expenses is primarily due to an increase in consulting expenses of $0.8 million for marketing initiatives related to the launch of MACI, an increase in personnel costs of $0.8 million primarily related to an increase in the MACI sales force, costs associated with reimbursement and patient support services for Carticel and MACI of $0.5 million, and an increase in professional fees of $0.3 million. Loss from operations for the quarter ended March 31, 2017 was $9.6 million, compared to $2.0 million for the first quarter of 2016.  Material non-cash items impacting the operating loss for the quarter included $0.5 million of stock-based compensation expense and $0.4 million in depreciation expense. Other expense for the quarter ended March 31, 2017 was $0.2 million compared to $1.7 million for the same period in 2016.  The change in other expense for the quarter is primarily due to the change in the fair value of warrants in the first quarter of 2017 compared to the same period in 2016. Vericel’s net loss for the quarter ended March 31, 2017 was $9.8 million, or $0.31 per share, compared to a net loss of $3.7 million, or $0.24 per share, for the same period in 2016. As of March 31, 2017, the company had $19.8 million in cash compared to $23.0 million in cash at December 31, 2016. Recent Business Highlights During and since the first quarter of 2017, the company: “The first quarter of 2017 was challenging due to a number of factors, but we are very pleased with the customer response to MACI,” said Nick Colangelo, president and CEO of Vericel.  “Moreover, while our focus remains on our core commercial business, we are very pleased with to have received the RMAT designation for ixmyelocel-T and to have signed the license agreement with ICT, which we believe have the potential to create shareholder value moving forward.” Conference Call Information Today's conference call will be available live at 8:00am Eastern time in the Investors section of the Vericel website at http://investors.vcel.com/events.cfm.  Please access the site at least 15 minutes prior to the scheduled start time in order to download the required audio software if necessary.  To participate in the live call by telephone, please call (877) 312-5881 and reference Vericel Corporation's first-quarter 2017 investor conference call. If calling from outside the U.S., please use the international phone number (253) 237-1173. If you are unable to participate in the live call, the webcast will be available at http://investors.vcel.com/events.cfm until May 14, 2018. A replay of the call will also be available until 11:00 am (EST) on May 14, 2017 by calling (855) 859-2056, or from outside the U.S. (404) 537-3406.  The conference ID is 11385924. About Vericel Corporation Vericel develops, manufactures, and markets autologous expanded cell therapies for the treatment of patients with serious diseases and conditions.  The company markets three cell therapy products in the United States.  Vericel is marketing MACI® (autologous cultured chondrocytes on porcine collagen membrane), an autologous cellularized scaffold product indicated for the repair of symptomatic, single or multiple full-thickness cartilage defects of the knee with or without bone involvement in adults.  Carticel® (autologous cultured chondrocytes) is an autologous chondrocyte implant for the treatment of cartilage defects in the knee in patients who have had an inadequate response to a prior arthroscopic or other surgical repair procedure.  Epicel® (cultured epidermal autografts) is a permanent skin replacement for the treatment of patients with deep dermal or full thickness burns greater than or equal to 30% of total body surface area.  Vericel is also developing ixmyelocel‑T, an autologous multicellular therapy intended to treat advanced heart failure due to ischemic dilated cardiomyopathy (DCM).  For more information, please visit the company's website at www.vcel.com. Epicel®, Carticel®, and MACI® are registered trademarks of Vericel Corporation. © 2017 Vericel Corporation. All rights reserved. This document contains forward-looking statements, including, without limitation, statements concerning anticipated progress, objectives and expectations regarding the commercial potential of our products and growth in revenues, intended product development, clinical activity timing, regulatory progress, and objectives and expectations regarding our company described herein, all of which involve certain risks and uncertainties. These statements are often, but are not always, made through the use of words or phrases such as "anticipates," "intends," "estimates," "plans," "expects," "we believe," "we intend," and similar words or phrases, or future or conditional verbs such as "will," "would," "should," "potential," "could," "may," or similar expressions. Actual results may differ significantly from the expectations contained in the forward-looking statements. Among the factors that may result in differences are the inherent uncertainties associated with competitive developments, clinical trial and product development activities, regulatory approval requirements, estimating the commercial growth potential of our products and product candidates and growth in revenues and improvement in costs, market demand for our products, our ability to secure consistent reimbursement for our products, and our ability to supply or meet customer demand for our products. These and other significant factors are discussed in greater detail in Vericel's Annual Report on Form 10-K for the year ended December 31, 2016, filed with the Securities and Exchange Commission ("SEC") on March 13, 2017, Quarterly Reports on Form 10-Q and other filings with the SEC. These forward-looking statements reflect management's current views and Vericel does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date of this release except as required by law.


News Article | May 10, 2017
Site: globenewswire.com

CAMBRIDGE, Mass., May 10, 2017 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leading developer of autologous expanded cell therapies for the treatment of patients with serious diseases and conditions, today reported financial results for the first quarter ended March 31, 2017. Total net revenues for the quarter ended March 31, 2017 were approximately $9.4 million, net of a $2.8 million revenue reserve related to an unresolved contractual dispute between one of the Company’s pharmacy providers and a payer.  Net revenue included approximately $5.0 million of Carticel® (autologous cultured chondrocytes) and MACI® (autologous cultured chondrocytes on porcine collage membrane) net revenues and approximately $4.4 million of Epicel® (cultured epidermal autografts) net revenues, compared to $8.8 million of Carticel revenues and $5.3 million of Epicel revenues, respectively, in the first quarter of 2016. Carticel and MACI net revenues reflect a change in estimate for revenue reserves of $2.1 million related to 2016 sales and $0.7 million related to 2017 sales.  The company engages pharmacies to contract with insurance providers and recently received notification of a dispute between one contracted pharmacy and a payer.  Since the company retains credit and collection risk from the end customer, we revised our estimate by assuming cases processed by that pharmacy will be paid at a lower out-of-network rate.  The earlier estimates were based on claims being paid on an in-network basis consistent with the actual payment history and the pharmacy’s interpretation of its contract with the payer. Gross profit for the quarter ended March 31, 2017 was $2.3 million, or 24% of net revenues, compared to $7.5 million, or 54% of net product revenues, for the first quarter of 2016. Research and development expenses for the quarters ended March 31, 2017 and March 31, 2016 were $3.5 million.  Clinical trial expenses for the ixCELL-DCM clinical trial and research and development expenses related to Epicel were consistent for both periods.  Research and development expenses related to Carticel decreased, offset by an increase in research and development expenses related to MACI. Selling, general and administrative expenses for the quarter ended March 31, 2017 were $8.4 million compared to $6.0 million for the same period in 2016.  The increase in SG&A expenses is primarily due to an increase in consulting expenses of $0.8 million for marketing initiatives related to the launch of MACI, an increase in personnel costs of $0.8 million primarily related to an increase in the MACI sales force, costs associated with reimbursement and patient support services for Carticel and MACI of $0.5 million, and an increase in professional fees of $0.3 million. Loss from operations for the quarter ended March 31, 2017 was $9.6 million, compared to $2.0 million for the first quarter of 2016.  Material non-cash items impacting the operating loss for the quarter included $0.5 million of stock-based compensation expense and $0.4 million in depreciation expense. Other expense for the quarter ended March 31, 2017 was $0.2 million compared to $1.7 million for the same period in 2016.  The change in other expense for the quarter is primarily due to the change in the fair value of warrants in the first quarter of 2017 compared to the same period in 2016. Vericel’s net loss for the quarter ended March 31, 2017 was $9.8 million, or $0.31 per share, compared to a net loss of $3.7 million, or $0.24 per share, for the same period in 2016. As of March 31, 2017, the company had $19.8 million in cash compared to $23.0 million in cash at December 31, 2016. Recent Business Highlights During and since the first quarter of 2017, the company: “The first quarter of 2017 was challenging due to a number of factors, but we are very pleased with the customer response to MACI,” said Nick Colangelo, president and CEO of Vericel.  “Moreover, while our focus remains on our core commercial business, we are very pleased with to have received the RMAT designation for ixmyelocel-T and to have signed the license agreement with ICT, which we believe have the potential to create shareholder value moving forward.” Conference Call Information Today's conference call will be available live at 8:00am Eastern time in the Investors section of the Vericel website at http://investors.vcel.com/events.cfm.  Please access the site at least 15 minutes prior to the scheduled start time in order to download the required audio software if necessary.  To participate in the live call by telephone, please call (877) 312-5881 and reference Vericel Corporation's first-quarter 2017 investor conference call. If calling from outside the U.S., please use the international phone number (253) 237-1173. If you are unable to participate in the live call, the webcast will be available at http://investors.vcel.com/events.cfm until May 14, 2018. A replay of the call will also be available until 11:00 am (EST) on May 14, 2017 by calling (855) 859-2056, or from outside the U.S. (404) 537-3406.  The conference ID is 11385924. About Vericel Corporation Vericel develops, manufactures, and markets autologous expanded cell therapies for the treatment of patients with serious diseases and conditions.  The company markets three cell therapy products in the United States.  Vericel is marketing MACI® (autologous cultured chondrocytes on porcine collagen membrane), an autologous cellularized scaffold product indicated for the repair of symptomatic, single or multiple full-thickness cartilage defects of the knee with or without bone involvement in adults.  Carticel® (autologous cultured chondrocytes) is an autologous chondrocyte implant for the treatment of cartilage defects in the knee in patients who have had an inadequate response to a prior arthroscopic or other surgical repair procedure.  Epicel® (cultured epidermal autografts) is a permanent skin replacement for the treatment of patients with deep dermal or full thickness burns greater than or equal to 30% of total body surface area.  Vericel is also developing ixmyelocel‑T, an autologous multicellular therapy intended to treat advanced heart failure due to ischemic dilated cardiomyopathy (DCM).  For more information, please visit the company's website at www.vcel.com. Epicel®, Carticel®, and MACI® are registered trademarks of Vericel Corporation. © 2017 Vericel Corporation. All rights reserved. This document contains forward-looking statements, including, without limitation, statements concerning anticipated progress, objectives and expectations regarding the commercial potential of our products and growth in revenues, intended product development, clinical activity timing, regulatory progress, and objectives and expectations regarding our company described herein, all of which involve certain risks and uncertainties. These statements are often, but are not always, made through the use of words or phrases such as "anticipates," "intends," "estimates," "plans," "expects," "we believe," "we intend," and similar words or phrases, or future or conditional verbs such as "will," "would," "should," "potential," "could," "may," or similar expressions. Actual results may differ significantly from the expectations contained in the forward-looking statements. Among the factors that may result in differences are the inherent uncertainties associated with competitive developments, clinical trial and product development activities, regulatory approval requirements, estimating the commercial growth potential of our products and product candidates and growth in revenues and improvement in costs, market demand for our products, our ability to secure consistent reimbursement for our products, and our ability to supply or meet customer demand for our products. These and other significant factors are discussed in greater detail in Vericel's Annual Report on Form 10-K for the year ended December 31, 2016, filed with the Securities and Exchange Commission ("SEC") on March 13, 2017, Quarterly Reports on Form 10-Q and other filings with the SEC. These forward-looking statements reflect management's current views and Vericel does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date of this release except as required by law.


News Article | May 10, 2017
Site: globenewswire.com

CAMBRIDGE, Mass., May 10, 2017 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leading developer of autologous expanded cell therapies for the treatment of patients with serious diseases and conditions, today reported financial results for the first quarter ended March 31, 2017. Total net revenues for the quarter ended March 31, 2017 were approximately $9.4 million, net of a $2.8 million revenue reserve related to an unresolved contractual dispute between one of the Company’s pharmacy providers and a payer.  Net revenue included approximately $5.0 million of Carticel® (autologous cultured chondrocytes) and MACI® (autologous cultured chondrocytes on porcine collage membrane) net revenues and approximately $4.4 million of Epicel® (cultured epidermal autografts) net revenues, compared to $8.8 million of Carticel revenues and $5.3 million of Epicel revenues, respectively, in the first quarter of 2016. Carticel and MACI net revenues reflect a change in estimate for revenue reserves of $2.1 million related to 2016 sales and $0.7 million related to 2017 sales.  The company engages pharmacies to contract with insurance providers and recently received notification of a dispute between one contracted pharmacy and a payer.  Since the company retains credit and collection risk from the end customer, we revised our estimate by assuming cases processed by that pharmacy will be paid at a lower out-of-network rate.  The earlier estimates were based on claims being paid on an in-network basis consistent with the actual payment history and the pharmacy’s interpretation of its contract with the payer. Gross profit for the quarter ended March 31, 2017 was $2.3 million, or 24% of net revenues, compared to $7.5 million, or 54% of net product revenues, for the first quarter of 2016. Research and development expenses for the quarters ended March 31, 2017 and March 31, 2016 were $3.5 million.  Clinical trial expenses for the ixCELL-DCM clinical trial and research and development expenses related to Epicel were consistent for both periods.  Research and development expenses related to Carticel decreased, offset by an increase in research and development expenses related to MACI. Selling, general and administrative expenses for the quarter ended March 31, 2017 were $8.4 million compared to $6.0 million for the same period in 2016.  The increase in SG&A expenses is primarily due to an increase in consulting expenses of $0.8 million for marketing initiatives related to the launch of MACI, an increase in personnel costs of $0.8 million primarily related to an increase in the MACI sales force, costs associated with reimbursement and patient support services for Carticel and MACI of $0.5 million, and an increase in professional fees of $0.3 million. Loss from operations for the quarter ended March 31, 2017 was $9.6 million, compared to $2.0 million for the first quarter of 2016.  Material non-cash items impacting the operating loss for the quarter included $0.5 million of stock-based compensation expense and $0.4 million in depreciation expense. Other expense for the quarter ended March 31, 2017 was $0.2 million compared to $1.7 million for the same period in 2016.  The change in other expense for the quarter is primarily due to the change in the fair value of warrants in the first quarter of 2017 compared to the same period in 2016. Vericel’s net loss for the quarter ended March 31, 2017 was $9.8 million, or $0.31 per share, compared to a net loss of $3.7 million, or $0.24 per share, for the same period in 2016. As of March 31, 2017, the company had $19.8 million in cash compared to $23.0 million in cash at December 31, 2016. Recent Business Highlights During and since the first quarter of 2017, the company: “The first quarter of 2017 was challenging due to a number of factors, but we are very pleased with the customer response to MACI,” said Nick Colangelo, president and CEO of Vericel.  “Moreover, while our focus remains on our core commercial business, we are very pleased with to have received the RMAT designation for ixmyelocel-T and to have signed the license agreement with ICT, which we believe have the potential to create shareholder value moving forward.” Conference Call Information Today's conference call will be available live at 8:00am Eastern time in the Investors section of the Vericel website at http://investors.vcel.com/events.cfm.  Please access the site at least 15 minutes prior to the scheduled start time in order to download the required audio software if necessary.  To participate in the live call by telephone, please call (877) 312-5881 and reference Vericel Corporation's first-quarter 2017 investor conference call. If calling from outside the U.S., please use the international phone number (253) 237-1173. If you are unable to participate in the live call, the webcast will be available at http://investors.vcel.com/events.cfm until May 14, 2018. A replay of the call will also be available until 11:00 am (EST) on May 14, 2017 by calling (855) 859-2056, or from outside the U.S. (404) 537-3406.  The conference ID is 11385924. About Vericel Corporation Vericel develops, manufactures, and markets autologous expanded cell therapies for the treatment of patients with serious diseases and conditions.  The company markets three cell therapy products in the United States.  Vericel is marketing MACI® (autologous cultured chondrocytes on porcine collagen membrane), an autologous cellularized scaffold product indicated for the repair of symptomatic, single or multiple full-thickness cartilage defects of the knee with or without bone involvement in adults.  Carticel® (autologous cultured chondrocytes) is an autologous chondrocyte implant for the treatment of cartilage defects in the knee in patients who have had an inadequate response to a prior arthroscopic or other surgical repair procedure.  Epicel® (cultured epidermal autografts) is a permanent skin replacement for the treatment of patients with deep dermal or full thickness burns greater than or equal to 30% of total body surface area.  Vericel is also developing ixmyelocel‑T, an autologous multicellular therapy intended to treat advanced heart failure due to ischemic dilated cardiomyopathy (DCM).  For more information, please visit the company's website at www.vcel.com. Epicel®, Carticel®, and MACI® are registered trademarks of Vericel Corporation. © 2017 Vericel Corporation. All rights reserved. This document contains forward-looking statements, including, without limitation, statements concerning anticipated progress, objectives and expectations regarding the commercial potential of our products and growth in revenues, intended product development, clinical activity timing, regulatory progress, and objectives and expectations regarding our company described herein, all of which involve certain risks and uncertainties. These statements are often, but are not always, made through the use of words or phrases such as "anticipates," "intends," "estimates," "plans," "expects," "we believe," "we intend," and similar words or phrases, or future or conditional verbs such as "will," "would," "should," "potential," "could," "may," or similar expressions. Actual results may differ significantly from the expectations contained in the forward-looking statements. Among the factors that may result in differences are the inherent uncertainties associated with competitive developments, clinical trial and product development activities, regulatory approval requirements, estimating the commercial growth potential of our products and product candidates and growth in revenues and improvement in costs, market demand for our products, our ability to secure consistent reimbursement for our products, and our ability to supply or meet customer demand for our products. These and other significant factors are discussed in greater detail in Vericel's Annual Report on Form 10-K for the year ended December 31, 2016, filed with the Securities and Exchange Commission ("SEC") on March 13, 2017, Quarterly Reports on Form 10-Q and other filings with the SEC. These forward-looking statements reflect management's current views and Vericel does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date of this release except as required by law.


News Article | May 10, 2017
Site: globenewswire.com

CAMBRIDGE, Mass., May 10, 2017 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leading developer of autologous expanded cell therapies for the treatment of patients with serious diseases and conditions, today reported financial results for the first quarter ended March 31, 2017. Total net revenues for the quarter ended March 31, 2017 were approximately $9.4 million, net of a $2.8 million revenue reserve related to an unresolved contractual dispute between one of the Company’s pharmacy providers and a payer.  Net revenue included approximately $5.0 million of Carticel® (autologous cultured chondrocytes) and MACI® (autologous cultured chondrocytes on porcine collage membrane) net revenues and approximately $4.4 million of Epicel® (cultured epidermal autografts) net revenues, compared to $8.8 million of Carticel revenues and $5.3 million of Epicel revenues, respectively, in the first quarter of 2016. Carticel and MACI net revenues reflect a change in estimate for revenue reserves of $2.1 million related to 2016 sales and $0.7 million related to 2017 sales.  The company engages pharmacies to contract with insurance providers and recently received notification of a dispute between one contracted pharmacy and a payer.  Since the company retains credit and collection risk from the end customer, we revised our estimate by assuming cases processed by that pharmacy will be paid at a lower out-of-network rate.  The earlier estimates were based on claims being paid on an in-network basis consistent with the actual payment history and the pharmacy’s interpretation of its contract with the payer. Gross profit for the quarter ended March 31, 2017 was $2.3 million, or 24% of net revenues, compared to $7.5 million, or 54% of net product revenues, for the first quarter of 2016. Research and development expenses for the quarters ended March 31, 2017 and March 31, 2016 were $3.5 million.  Clinical trial expenses for the ixCELL-DCM clinical trial and research and development expenses related to Epicel were consistent for both periods.  Research and development expenses related to Carticel decreased, offset by an increase in research and development expenses related to MACI. Selling, general and administrative expenses for the quarter ended March 31, 2017 were $8.4 million compared to $6.0 million for the same period in 2016.  The increase in SG&A expenses is primarily due to an increase in consulting expenses of $0.8 million for marketing initiatives related to the launch of MACI, an increase in personnel costs of $0.8 million primarily related to an increase in the MACI sales force, costs associated with reimbursement and patient support services for Carticel and MACI of $0.5 million, and an increase in professional fees of $0.3 million. Loss from operations for the quarter ended March 31, 2017 was $9.6 million, compared to $2.0 million for the first quarter of 2016.  Material non-cash items impacting the operating loss for the quarter included $0.5 million of stock-based compensation expense and $0.4 million in depreciation expense. Other expense for the quarter ended March 31, 2017 was $0.2 million compared to $1.7 million for the same period in 2016.  The change in other expense for the quarter is primarily due to the change in the fair value of warrants in the first quarter of 2017 compared to the same period in 2016. Vericel’s net loss for the quarter ended March 31, 2017 was $9.8 million, or $0.31 per share, compared to a net loss of $3.7 million, or $0.24 per share, for the same period in 2016. As of March 31, 2017, the company had $19.8 million in cash compared to $23.0 million in cash at December 31, 2016. Recent Business Highlights During and since the first quarter of 2017, the company: “The first quarter of 2017 was challenging due to a number of factors, but we are very pleased with the customer response to MACI,” said Nick Colangelo, president and CEO of Vericel.  “Moreover, while our focus remains on our core commercial business, we are very pleased with to have received the RMAT designation for ixmyelocel-T and to have signed the license agreement with ICT, which we believe have the potential to create shareholder value moving forward.” Conference Call Information Today's conference call will be available live at 8:00am Eastern time in the Investors section of the Vericel website at http://investors.vcel.com/events.cfm.  Please access the site at least 15 minutes prior to the scheduled start time in order to download the required audio software if necessary.  To participate in the live call by telephone, please call (877) 312-5881 and reference Vericel Corporation's first-quarter 2017 investor conference call. If calling from outside the U.S., please use the international phone number (253) 237-1173. If you are unable to participate in the live call, the webcast will be available at http://investors.vcel.com/events.cfm until May 14, 2018. A replay of the call will also be available until 11:00 am (EST) on May 14, 2017 by calling (855) 859-2056, or from outside the U.S. (404) 537-3406.  The conference ID is 11385924. About Vericel Corporation Vericel develops, manufactures, and markets autologous expanded cell therapies for the treatment of patients with serious diseases and conditions.  The company markets three cell therapy products in the United States.  Vericel is marketing MACI® (autologous cultured chondrocytes on porcine collagen membrane), an autologous cellularized scaffold product indicated for the repair of symptomatic, single or multiple full-thickness cartilage defects of the knee with or without bone involvement in adults.  Carticel® (autologous cultured chondrocytes) is an autologous chondrocyte implant for the treatment of cartilage defects in the knee in patients who have had an inadequate response to a prior arthroscopic or other surgical repair procedure.  Epicel® (cultured epidermal autografts) is a permanent skin replacement for the treatment of patients with deep dermal or full thickness burns greater than or equal to 30% of total body surface area.  Vericel is also developing ixmyelocel‑T, an autologous multicellular therapy intended to treat advanced heart failure due to ischemic dilated cardiomyopathy (DCM).  For more information, please visit the company's website at www.vcel.com. Epicel®, Carticel®, and MACI® are registered trademarks of Vericel Corporation. © 2017 Vericel Corporation. All rights reserved. This document contains forward-looking statements, including, without limitation, statements concerning anticipated progress, objectives and expectations regarding the commercial potential of our products and growth in revenues, intended product development, clinical activity timing, regulatory progress, and objectives and expectations regarding our company described herein, all of which involve certain risks and uncertainties. These statements are often, but are not always, made through the use of words or phrases such as "anticipates," "intends," "estimates," "plans," "expects," "we believe," "we intend," and similar words or phrases, or future or conditional verbs such as "will," "would," "should," "potential," "could," "may," or similar expressions. Actual results may differ significantly from the expectations contained in the forward-looking statements. Among the factors that may result in differences are the inherent uncertainties associated with competitive developments, clinical trial and product development activities, regulatory approval requirements, estimating the commercial growth potential of our products and product candidates and growth in revenues and improvement in costs, market demand for our products, our ability to secure consistent reimbursement for our products, and our ability to supply or meet customer demand for our products. These and other significant factors are discussed in greater detail in Vericel's Annual Report on Form 10-K for the year ended December 31, 2016, filed with the Securities and Exchange Commission ("SEC") on March 13, 2017, Quarterly Reports on Form 10-Q and other filings with the SEC. These forward-looking statements reflect management's current views and Vericel does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date of this release except as required by law.


News Article | May 10, 2017
Site: globenewswire.com

CAMBRIDGE, Mass., May 10, 2017 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leading developer of autologous expanded cell therapies for the treatment of patients with serious diseases and conditions, today reported financial results for the first quarter ended March 31, 2017. Total net revenues for the quarter ended March 31, 2017 were approximately $9.4 million, net of a $2.8 million revenue reserve related to an unresolved contractual dispute between one of the Company’s pharmacy providers and a payer.  Net revenue included approximately $5.0 million of Carticel® (autologous cultured chondrocytes) and MACI® (autologous cultured chondrocytes on porcine collage membrane) net revenues and approximately $4.4 million of Epicel® (cultured epidermal autografts) net revenues, compared to $8.8 million of Carticel revenues and $5.3 million of Epicel revenues, respectively, in the first quarter of 2016. Carticel and MACI net revenues reflect a change in estimate for revenue reserves of $2.1 million related to 2016 sales and $0.7 million related to 2017 sales.  The company engages pharmacies to contract with insurance providers and recently received notification of a dispute between one contracted pharmacy and a payer.  Since the company retains credit and collection risk from the end customer, we revised our estimate by assuming cases processed by that pharmacy will be paid at a lower out-of-network rate.  The earlier estimates were based on claims being paid on an in-network basis consistent with the actual payment history and the pharmacy’s interpretation of its contract with the payer. Gross profit for the quarter ended March 31, 2017 was $2.3 million, or 24% of net revenues, compared to $7.5 million, or 54% of net product revenues, for the first quarter of 2016. Research and development expenses for the quarters ended March 31, 2017 and March 31, 2016 were $3.5 million.  Clinical trial expenses for the ixCELL-DCM clinical trial and research and development expenses related to Epicel were consistent for both periods.  Research and development expenses related to Carticel decreased, offset by an increase in research and development expenses related to MACI. Selling, general and administrative expenses for the quarter ended March 31, 2017 were $8.4 million compared to $6.0 million for the same period in 2016.  The increase in SG&A expenses is primarily due to an increase in consulting expenses of $0.8 million for marketing initiatives related to the launch of MACI, an increase in personnel costs of $0.8 million primarily related to an increase in the MACI sales force, costs associated with reimbursement and patient support services for Carticel and MACI of $0.5 million, and an increase in professional fees of $0.3 million. Loss from operations for the quarter ended March 31, 2017 was $9.6 million, compared to $2.0 million for the first quarter of 2016.  Material non-cash items impacting the operating loss for the quarter included $0.5 million of stock-based compensation expense and $0.4 million in depreciation expense. Other expense for the quarter ended March 31, 2017 was $0.2 million compared to $1.7 million for the same period in 2016.  The change in other expense for the quarter is primarily due to the change in the fair value of warrants in the first quarter of 2017 compared to the same period in 2016. Vericel’s net loss for the quarter ended March 31, 2017 was $9.8 million, or $0.31 per share, compared to a net loss of $3.7 million, or $0.24 per share, for the same period in 2016. As of March 31, 2017, the company had $19.8 million in cash compared to $23.0 million in cash at December 31, 2016. Recent Business Highlights During and since the first quarter of 2017, the company: “The first quarter of 2017 was challenging due to a number of factors, but we are very pleased with the customer response to MACI,” said Nick Colangelo, president and CEO of Vericel.  “Moreover, while our focus remains on our core commercial business, we are very pleased with to have received the RMAT designation for ixmyelocel-T and to have signed the license agreement with ICT, which we believe have the potential to create shareholder value moving forward.” Conference Call Information Today's conference call will be available live at 8:00am Eastern time in the Investors section of the Vericel website at http://investors.vcel.com/events.cfm.  Please access the site at least 15 minutes prior to the scheduled start time in order to download the required audio software if necessary.  To participate in the live call by telephone, please call (877) 312-5881 and reference Vericel Corporation's first-quarter 2017 investor conference call. If calling from outside the U.S., please use the international phone number (253) 237-1173. If you are unable to participate in the live call, the webcast will be available at http://investors.vcel.com/events.cfm until May 14, 2018. A replay of the call will also be available until 11:00 am (EST) on May 14, 2017 by calling (855) 859-2056, or from outside the U.S. (404) 537-3406.  The conference ID is 11385924. About Vericel Corporation Vericel develops, manufactures, and markets autologous expanded cell therapies for the treatment of patients with serious diseases and conditions.  The company markets three cell therapy products in the United States.  Vericel is marketing MACI® (autologous cultured chondrocytes on porcine collagen membrane), an autologous cellularized scaffold product indicated for the repair of symptomatic, single or multiple full-thickness cartilage defects of the knee with or without bone involvement in adults.  Carticel® (autologous cultured chondrocytes) is an autologous chondrocyte implant for the treatment of cartilage defects in the knee in patients who have had an inadequate response to a prior arthroscopic or other surgical repair procedure.  Epicel® (cultured epidermal autografts) is a permanent skin replacement for the treatment of patients with deep dermal or full thickness burns greater than or equal to 30% of total body surface area.  Vericel is also developing ixmyelocel‑T, an autologous multicellular therapy intended to treat advanced heart failure due to ischemic dilated cardiomyopathy (DCM).  For more information, please visit the company's website at www.vcel.com. Epicel®, Carticel®, and MACI® are registered trademarks of Vericel Corporation. © 2017 Vericel Corporation. All rights reserved. This document contains forward-looking statements, including, without limitation, statements concerning anticipated progress, objectives and expectations regarding the commercial potential of our products and growth in revenues, intended product development, clinical activity timing, regulatory progress, and objectives and expectations regarding our company described herein, all of which involve certain risks and uncertainties. These statements are often, but are not always, made through the use of words or phrases such as "anticipates," "intends," "estimates," "plans," "expects," "we believe," "we intend," and similar words or phrases, or future or conditional verbs such as "will," "would," "should," "potential," "could," "may," or similar expressions. Actual results may differ significantly from the expectations contained in the forward-looking statements. Among the factors that may result in differences are the inherent uncertainties associated with competitive developments, clinical trial and product development activities, regulatory approval requirements, estimating the commercial growth potential of our products and product candidates and growth in revenues and improvement in costs, market demand for our products, our ability to secure consistent reimbursement for our products, and our ability to supply or meet customer demand for our products. These and other significant factors are discussed in greater detail in Vericel's Annual Report on Form 10-K for the year ended December 31, 2016, filed with the Securities and Exchange Commission ("SEC") on March 13, 2017, Quarterly Reports on Form 10-Q and other filings with the SEC. These forward-looking statements reflect management's current views and Vericel does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date of this release except as required by law.


News Article | May 10, 2017
Site: globenewswire.com

CAMBRIDGE, Mass., May 10, 2017 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leading developer of autologous expanded cell therapies for the treatment of patients with serious diseases and conditions, today reported financial results for the first quarter ended March 31, 2017. Total net revenues for the quarter ended March 31, 2017 were approximately $9.4 million, net of a $2.8 million revenue reserve related to an unresolved contractual dispute between one of the Company’s pharmacy providers and a payer.  Net revenue included approximately $5.0 million of Carticel® (autologous cultured chondrocytes) and MACI® (autologous cultured chondrocytes on porcine collage membrane) net revenues and approximately $4.4 million of Epicel® (cultured epidermal autografts) net revenues, compared to $8.8 million of Carticel revenues and $5.3 million of Epicel revenues, respectively, in the first quarter of 2016. Carticel and MACI net revenues reflect a change in estimate for revenue reserves of $2.1 million related to 2016 sales and $0.7 million related to 2017 sales.  The company engages pharmacies to contract with insurance providers and recently received notification of a dispute between one contracted pharmacy and a payer.  Since the company retains credit and collection risk from the end customer, we revised our estimate by assuming cases processed by that pharmacy will be paid at a lower out-of-network rate.  The earlier estimates were based on claims being paid on an in-network basis consistent with the actual payment history and the pharmacy’s interpretation of its contract with the payer. Gross profit for the quarter ended March 31, 2017 was $2.3 million, or 24% of net revenues, compared to $7.5 million, or 54% of net product revenues, for the first quarter of 2016. Research and development expenses for the quarters ended March 31, 2017 and March 31, 2016 were $3.5 million.  Clinical trial expenses for the ixCELL-DCM clinical trial and research and development expenses related to Epicel were consistent for both periods.  Research and development expenses related to Carticel decreased, offset by an increase in research and development expenses related to MACI. Selling, general and administrative expenses for the quarter ended March 31, 2017 were $8.4 million compared to $6.0 million for the same period in 2016.  The increase in SG&A expenses is primarily due to an increase in consulting expenses of $0.8 million for marketing initiatives related to the launch of MACI, an increase in personnel costs of $0.8 million primarily related to an increase in the MACI sales force, costs associated with reimbursement and patient support services for Carticel and MACI of $0.5 million, and an increase in professional fees of $0.3 million. Loss from operations for the quarter ended March 31, 2017 was $9.6 million, compared to $2.0 million for the first quarter of 2016.  Material non-cash items impacting the operating loss for the quarter included $0.5 million of stock-based compensation expense and $0.4 million in depreciation expense. Other expense for the quarter ended March 31, 2017 was $0.2 million compared to $1.7 million for the same period in 2016.  The change in other expense for the quarter is primarily due to the change in the fair value of warrants in the first quarter of 2017 compared to the same period in 2016. Vericel’s net loss for the quarter ended March 31, 2017 was $9.8 million, or $0.31 per share, compared to a net loss of $3.7 million, or $0.24 per share, for the same period in 2016. As of March 31, 2017, the company had $19.8 million in cash compared to $23.0 million in cash at December 31, 2016. Recent Business Highlights During and since the first quarter of 2017, the company: “The first quarter of 2017 was challenging due to a number of factors, but we are very pleased with the customer response to MACI,” said Nick Colangelo, president and CEO of Vericel.  “Moreover, while our focus remains on our core commercial business, we are very pleased with to have received the RMAT designation for ixmyelocel-T and to have signed the license agreement with ICT, which we believe have the potential to create shareholder value moving forward.” Conference Call Information Today's conference call will be available live at 8:00am Eastern time in the Investors section of the Vericel website at http://investors.vcel.com/events.cfm.  Please access the site at least 15 minutes prior to the scheduled start time in order to download the required audio software if necessary.  To participate in the live call by telephone, please call (877) 312-5881 and reference Vericel Corporation's first-quarter 2017 investor conference call. If calling from outside the U.S., please use the international phone number (253) 237-1173. If you are unable to participate in the live call, the webcast will be available at http://investors.vcel.com/events.cfm until May 14, 2018. A replay of the call will also be available until 11:00 am (EST) on May 14, 2017 by calling (855) 859-2056, or from outside the U.S. (404) 537-3406.  The conference ID is 11385924. About Vericel Corporation Vericel develops, manufactures, and markets autologous expanded cell therapies for the treatment of patients with serious diseases and conditions.  The company markets three cell therapy products in the United States.  Vericel is marketing MACI® (autologous cultured chondrocytes on porcine collagen membrane), an autologous cellularized scaffold product indicated for the repair of symptomatic, single or multiple full-thickness cartilage defects of the knee with or without bone involvement in adults.  Carticel® (autologous cultured chondrocytes) is an autologous chondrocyte implant for the treatment of cartilage defects in the knee in patients who have had an inadequate response to a prior arthroscopic or other surgical repair procedure.  Epicel® (cultured epidermal autografts) is a permanent skin replacement for the treatment of patients with deep dermal or full thickness burns greater than or equal to 30% of total body surface area.  Vericel is also developing ixmyelocel‑T, an autologous multicellular therapy intended to treat advanced heart failure due to ischemic dilated cardiomyopathy (DCM).  For more information, please visit the company's website at www.vcel.com. Epicel®, Carticel®, and MACI® are registered trademarks of Vericel Corporation. © 2017 Vericel Corporation. All rights reserved. This document contains forward-looking statements, including, without limitation, statements concerning anticipated progress, objectives and expectations regarding the commercial potential of our products and growth in revenues, intended product development, clinical activity timing, regulatory progress, and objectives and expectations regarding our company described herein, all of which involve certain risks and uncertainties. These statements are often, but are not always, made through the use of words or phrases such as "anticipates," "intends," "estimates," "plans," "expects," "we believe," "we intend," and similar words or phrases, or future or conditional verbs such as "will," "would," "should," "potential," "could," "may," or similar expressions. Actual results may differ significantly from the expectations contained in the forward-looking statements. Among the factors that may result in differences are the inherent uncertainties associated with competitive developments, clinical trial and product development activities, regulatory approval requirements, estimating the commercial growth potential of our products and product candidates and growth in revenues and improvement in costs, market demand for our products, our ability to secure consistent reimbursement for our products, and our ability to supply or meet customer demand for our products. These and other significant factors are discussed in greater detail in Vericel's Annual Report on Form 10-K for the year ended December 31, 2016, filed with the Securities and Exchange Commission ("SEC") on March 13, 2017, Quarterly Reports on Form 10-Q and other filings with the SEC. These forward-looking statements reflect management's current views and Vericel does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date of this release except as required by law.


Expert System (EXSY.MI), le leader des technologies d'analyse cognitive pour la gestion des contenus non structurés, annonce aujourd'hui avoir été sélectionné par le magazine KMWorld pour rejoindre son palmarès des '100 entreprises qui comptent dans l'industrie de la gestion des connaissances'. Le Top 100 KMWorld a été compilé par un jury composé d'analystes marché, d'experts en technologies de gestion des connaissances, de chercheurs, de fournisseurs de solutions et d'utilisateurs. Le classement identifie les meilleures solutions logicielles permettant d'améliorer la capacité des entreprises à accéder et analyser la connaissance stratégique. « La gestion des connaissances couvre un vaste panel de solutions aux fonctionnalités éprouvées ou futuristes. Les éditeurs désignés dans le classement KMWorld 2017 des 100 entreprises qui comptent dans l'industrie de la gestion des connaissances présentent un large éventail de capacités, et partagent des caractéristiques communes comme l'innovation, l'ingéniosité, l'utilité et le dynamisme », déclare Sandra Haimila, rédacteur en chef du magazine KMWorld. « De plus, les entreprises qui figurent dans cette liste conçoivent des solutions qui aident leurs clients à transformer les quantités énormes de données en connaissance exploitable sur laquelle ils peuvent s'appuyer pour améliorer la collaboration, fonder leurs analyses et atteindre leurs objectifs. » Les organisations présentes dans les secteurs de la banque-assurance, de l'édition-média, des sciences de la vie, de l'énergie et de l'industrie utilisent les solutions de gestion de connaissance d'Expert System pour rendre leur connaissance plus accessible et exploitable. La technologie Cogito adopte une approche quasi-humaine fondée sur la technologie sémantique et l'analyse du langage naturel, permettant aux organisations d'utiliser de manière plus efficace leur documentation métier. En gérant les contenus avec une granularité et une précision d'une extrême finesse, Cogito améliore la catégorisation automatique, l'étiquetage, et l'enrichissement des métadonnées, le développement de taxonomies, les analyses et l'extraction d'entités. Au-delà de l'optimisation des résultats de recherche, Expert System automatise les processus consommateurs de connaissance métier supportant ainsi les activités stratégiques de l'entreprise telles que le support client, la gestion des risques opérationnels, la gestion de la conformité, l'analyse de l'information… « L'informatique atteint aujourd'hui un point d'inflexion. Avec un rythme d'adoption accéléré, la technologie cognitive permet aux entreprises de devenir plus performantes en automatisant leurs processus métiers de traitement de l'information pour convertir un paysage riche en information en un vivier de données exploitables », déclare Claudio Palmolungo, Vice-Président Exécutif, Expert System. « Nous sommes honorés d'être à nouveau reconnus cette année par KMWorld comme l'un des principaux contributeurs à cette tendance. » KMWorld (http://www.kmworld.com) est le leader de l'information spécialisée dans le marché des systèmes de gestion des connaissances. KMWorld couvre l'actualité du domaine de la gestion de contenus, de documents et de la connaissance et partage avec ses 21 000 abonnés les meilleures solutions disponibles du marché, les nouveaux processus de gestion, ainsi que les cas probants d'implantation de solutions permettant d'améliorer la performance des entreprises. Le magazine KMWorld est une division du groupe Information Today Inc. (http://www.infotoday.com ) Expert System est un leader du marché des solutions d'informatique cognitive et de Text Analytics qui s'appuie sur Cogito, sa technologie sémantique multilingue d'analyse des informations non structurées. Conçu à partir d'algorithmes propriétaires d'intelligence artificielle, Cogito extrait la connaissance exploitable issue d'informations internes et externes et automatise les processus intensifs de traitement de l'information. Fortes d'actifs informationnels valorisés, de processus accélérés et d'une expérience utilisateur enrichie, les organisations bénéficient rapidement de retours sur investissement concrets. De nombreuses organisations issues de secteurs d'activités variés (banque-assurance, sciences de la vie, énergie, édition, défense) font confiance à Expert System dans le monde entier : AFP, APEC, Crédit Agricole, EDF, Europol, ING Direct, Inserm, Intesa Sanpaolo, Les Echos, Ministère de l'Intérieur, Sanofi, Shell, Société Générale, Swiss Re, Total, US Department of Justice, Volkswagen, Wolters Kluwer, etc.


News Article | November 16, 2016
Site: globenewswire.com

Innovative true live OTT solution scoops Streaming Media's 2016 European Readers' Choice Award and is recognized in the magazine's 2016 Streaming Media Europe 101 list Stockholm, Sweden - Net Insight, the leading provider in media transport and resource scheduling, today announces that it has been honored with two separate accolades from Streaming Media magazine for its Sye true live OTT solution. The company has won the 2016 European Readers' Choice Award in the "Multiscreen Solution" category, while also being included among the magazine's 2016 Streaming Media Europe 101 list - made up of companies that matter most in the European online video market. The recognitions add to the honors already bestowed on the company's Sye solution, while strengthening Net Insight's reputation for empowering its customers to monetize content, develop new business models and generate new revenue streams, by helping them to bring engaging live and interactive television experiences to their audiences. Today, television viewers want to have content available at their fingertips anywhere at any time, and have a television experience that is both engaging and relevant. Watching live content OTT, however, has drawbacks - it is not in synch with live linear TV - forcing consumers to log out of social and companion apps to ensure live TV experiences are not ruined by hearing a goal has been scored in a soccer match or that a touchdown has happened in the Super Bowl final before it happens on their screen. Sye is an industry game changer in this respect. It transforms mobile devices from a TV substitute to be part of a seamless, enhanced viewing experience. And, for the first time, OTT providers, content owners and media service operators can "own" the second screen experience and create compelling second screen content that interacts with the first in ways that have not previously been possible, such as driver cams, where the action is in sync across all screens. This provides viewers with truly immersive live television in a way they have never experienced before. "Through the Sye solution Net Insight is changing the way live OTT television is both delivered to and watched by television audiences around the world," said Per Lindgren, senior vice president of Live OTT at Net Insight. "These Streaming Media honors represent further recognition of Sye's potential to completely change the dynamics of live TV as we know it, keeping audiences active and engaged, and helping broadcasters and content owners to deliver live and interactive television." For further information, please contact: Per Lindgren, SVP of Live OTT at Net Insight, +46 8 685 04 00, per.lindgren@netinsight.net About Net Insight Net Insight's vision is to enable a live and interactive media experience for anyone on earth. Our aim is to lead progress and enable a global media marketplace where live content can be exchanged and interaction among TV audiences can take place in real-time. We want to create the media experience of the future, centered on content. Net Insight delivers products, software and services for effective, high-quality media transport, coupled with the effective management of resources, all, which creates an enhanced TV experience. Net Insight's offerings span across the entire media spectrum, starting from TV cameras and TV studios, right through to the TV consumers. Our solutions benefit network operators, and TV and production companies, by lowering total cost of ownership, improving their workflow efficiencies and providing them with the ability to capture new business opportunities. More than 500 world-class customers run mission critical media services using Net Insight's solutions, covering more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm. For more information, please visit netinsight.net About Streaming Media Streaming Media, an Information Today Inc. company, is a diversified news media company serving and educating the streaming media industry and community. Originally founded in 1998, the company was sold by Penton Media to Information Today Inc. in December of 2002. Our business consists of three core areas: StreamingMedia.com, exhibitions and conferences, and research and publications. Lead by a team of recognized industry experts, Streaming Media is dedicated to providing industry professionals and corporations utilizing digital media technology with global real-time news, resources and services through editorial, discussion lists, feature articles, and much more. For more information, please visit www.streamingmediaglobal.com


Schiller K.,Information Today Inc.
EContent | Year: 2011

People love saving money. Sales and coupons are time-honored advertising traditions for a broad field of retail businesses, from supermarkets to office suppliers.The latest manifestation of human beings' long-running obsession with coupons is the daily deal-websites and mobile apps that deliver a selection of daily coupons and deals to savings- hungry consumers. Companies such as Groupon, Inc. and LivingSocial have made a name for themselves by combining daily coupons, group buying, and local marketing. And the success of these two companies is spawning a thriving ecosystem of businesses, publishers, and deal networks all looking to get a piece of the pie.

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