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News Article | November 4, 2016
Site: marketersmedia.com

HSINCHU, TAIWAN / ACCESSWIRE / November 4, 2016 / Neo Solar Power Corporation ("NSP", or "the Company", publicly listed on Taiwan Stock Exchange, Ticker: 3576 TT), a world-class leading integrated PV solution provider with expertise in high conversion efficiency products and global solar system development capabilities in Hsinchu, Taiwan, today announced that considering the prosperous future development and the stable cash inflows from solar system projects, and to enhance NSP's competitive advantages and to leverage funds from global capital markets, NSP signed off the agreements to invest USD44 million in the solar IPP ("Independent Power Producer") company, Clean Focus Yield ("CFY"). In addition, NSP also invested around USD4 million in Clean Focus GP Limited ("CFGP"), which is the management company of CFY. After NSP's investment of USD44 million, CFY would further raise around USD100 million funds from other financial investors, which will enable CFY to acquire around 300MW to 400MW solar system projects. CFY will also plan for public listed on the Hong Kong Stock Exchange. In addition, CFGP as the management company of CFY, would earn management profits upon CFY acquires sufficient solar system projects. The stable cash inflows generated from solar system projects ensure that the CFY investors can enjoy long-term and steady dividends as well as its growth momentum. By this CFY investment, NSP also can raise funds at relatively low costs in global capital markets to invest in more solar system projects which will not only provide a steady profit source but also significantly expand solar system project businesses for NSP Group and therefore increase NSP's sales pipelines for solar cells and modules. Founded in 2005 by Dr. Quincy Lin (former Senior VP of TSMC) and Dr. Sam Hong (former Director of ITRI Research Division), Neo Solar Power Corporation (NSP) is a leading manufacturer of high performance and high quality solar cells and modules. With core competitive advantages in quality, technology and customer service, NSP became the world's largest merchant solar cell manufacturer by volume in 2013. After selling DelSolar to NSP, Delta Electronics (2308, TT) became the biggest shareholder of NSP with a 19% holding. Leveraging current leading position in solar cell technology, NSP will further expand into the global solar systems businesses, aiming to become the leading solar system integrator in the world. For more information, please visit the company's website at www.nsp.com For further information, please contact: HSINCHU, TAIWAN / ACCESSWIRE / November 4, 2016 / Neo Solar Power Corporation ("NSP", or "the Company", publicly listed on Taiwan Stock Exchange, Ticker: 3576 TT), a world-class leading integrated PV solution provider with expertise in high conversion efficiency products and global solar system development capabilities in Hsinchu, Taiwan, today announced that considering the prosperous future development and the stable cash inflows from solar system projects, and to enhance NSP's competitive advantages and to leverage funds from global capital markets, NSP signed off the agreements to invest USD44 million in the solar IPP ("Independent Power Producer") company, Clean Focus Yield ("CFY"). In addition, NSP also invested around USD4 million in Clean Focus GP Limited ("CFGP"), which is the management company of CFY. After NSP's investment of USD44 million, CFY would further raise around USD100 million funds from other financial investors, which will enable CFY to acquire around 300MW to 400MW solar system projects. CFY will also plan for public listed on the Hong Kong Stock Exchange. In addition, CFGP as the management company of CFY, would earn management profits upon CFY acquires sufficient solar system projects. The stable cash inflows generated from solar system projects ensure that the CFY investors can enjoy long-term and steady dividends as well as its growth momentum. By this CFY investment, NSP also can raise funds at relatively low costs in global capital markets to invest in more solar system projects which will not only provide a steady profit source but also significantly expand solar system project businesses for NSP Group and therefore increase NSP's sales pipelines for solar cells and modules. Founded in 2005 by Dr. Quincy Lin (former Senior VP of TSMC) and Dr. Sam Hong (former Director of ITRI Research Division), Neo Solar Power Corporation (NSP) is a leading manufacturer of high performance and high quality solar cells and modules. With core competitive advantages in quality, technology and customer service, NSP became the world's largest merchant solar cell manufacturer by volume in 2013. After selling DelSolar to NSP, Delta Electronics (2308, TT) became the biggest shareholder of NSP with a 19% holding. Leveraging current leading position in solar cell technology, NSP will further expand into the global solar systems businesses, aiming to become the leading solar system integrator in the world. For more information, please visit the company's website at www.nsp.com For further information, please contact:


News Article | February 23, 2017
Site: www.rdmag.com

Developed under collaborative efforts from ITRI and Stanford University, the first commercially viable aluminum battery is born. The battery uses an aluminum anode, a graphite-structured carbon cathode and a highly safe ionic liquid electrolyte. It is capable of ramping between 100 percent and 20 percent full capacity in two-minutes repeatedly for more than 10,000 cycles, while maintaining an exceptional coulombic efficiency (CE) of 98 percent throughout this cycle life. URABat, an ultrafast rechargeable aluminum battery and winner of a 2016 R&D 100 award uses simple aluminum as its anode, structured graphitic carbon as its cathode, and filled with ionic liquid electrolytes in between, has successfully broken the barriers of low discharge voltages (less than 0.55 V) and insufficient life cycle (less than 100 cycles) which hampered the development of aluminum batteries for decades. Each year for more than 50 years, R&D Magazine has honored the 100 best innovations in research and development. We are currently accepting applications for the 2017 R&D 100 Awards. Innovators with an exceptional product developed between January 1, 2016 and March 31, 2017 should apply. Submissions close April 14, 2017 For information on the 55th Annual R&D 100 Awards and to enter visit http://www.rd100conference.com


News Article | February 23, 2017
Site: www.rdmag.com

Developed under collaborative efforts from ITRI and Stanford University, the first commercially viable aluminum battery is born. The battery uses an aluminum anode, a graphite-structured carbon cathode and a highly safe ionic liquid electrolyte. It is capable of ramping between 100 percent and 20 percent full capacity in two-minutes repeatedly for more than 10,000 cycles, while maintaining an exceptional coulombic efficiency (CE) of 98 percent throughout this cycle life. URABat, an ultrafast rechargeable aluminum battery and winner of a 2016 R&D 100 award uses simple aluminum as its anode, structured graphitic carbon as its cathode, and filled with ionic liquid electrolytes in between, has successfully broken the barriers of low discharge voltages (less than 0.55 V) and insufficient life cycle (less than 100 cycles) which hampered the development of aluminum batteries for decades. Each year for more than 50 years, R&D Magazine has honored the 100 best innovations in research and development. We are currently accepting applications for the 2017 R&D 100 Awards. Innovators with an exceptional product developed between January 1, 2016 and March 31, 2017 should apply. Submissions close April 14, 2017 For information on the 55th Annual R&D 100 Awards and to enter visit http://www.rd100conference.com


HSINCHU, Taiwan--(BUSINESS WIRE)--Industrial Technology Research Institute (ITRI), Taiwan's largest and one of the world's leading high-tech applied research institutions, today announced it will demonstrate two cutting-edge technologies at CES 2017: Intelligent Vision System for Companion Robots and ICT Solution for Drones. ITRI invites potential partners and attendees to booth 2015, Tech East, Westgate, to play chess and have coffee with a robot commanded by ITRI’s Intelligent Vision System; and view the drone fleet management system enabling drones to be managed and charged from any distance. ITRI’s Intelligent Vision System enables robots and other machines to interpret the visual world, act on visual information, and learn from experience. The Intelligent Vision System can be applied to consumer and industrial requirements and delivers the following technology breakthroughs: ITRI’s ICT Solution for Drones delivers world-leading ability to control more than one LTE-connected drone from one fleet management system; to integrate the operation of multiple drones; and unlimited range even across continents via LTE, a vast improvement over current remote control ranges of under seven kilometers within visual line-of-sight. Its potential applications include aerial photography; security patrol; solar panel, wind turbine, and power line inspection; landslide inspection; and transport. " We are looking forward to demonstrating at CES 2017 two of our leading technologies in vision systems and drones, which are important trends in consumer and industrial markets," said Dr. Ming-Jer Kao, Deputy General Director of ITRI’s Electronic and Optoelectronic System Research Laboratories. " ITRI’s Intelligent Vision System has many potential applications for companion robots that can assist seniors, families and individuals, while our ICT Solution for Drones is a promising drone fleet management system, which can operate across continents and off-grid for extended periods.” Other innovations that ITRI will exhibit at CES 2017 include Portable Sanitizer, which can sterilize cutlery and kill germs in 90 seconds with UVC LED light; Intelligent Lighting System that is based on the IPv6 standard to provide bespoke lighting solutions such as VLC indoor positioning services and human-centric lighting; itri-patch, a smart sensor that can detect when a person falls or wanders off and connect to an alert system; USBsync, a portable cloud storage and sharing device that allows one-to-many synchronous file transfers. Industrial Technology Research Institute (ITRI) is one of the world’s leading technology R&D institutions aiming to innovate a better future for society. Founded in 1973, ITRI has played a vital role in transforming Taiwan's industries from labor-intensive into innovation-driven. It focuses on the fields of Smart Living, Quality Health, and Sustainable Environment. Over the years, ITRI has cultivated more than 140 CEOs and incubated over 240 innovative companies, including well-known names such as UMC and TSMC. In addition to its headquarters in Taiwan, ITRI has branch offices in the U.S., Europe, and Japan in an effort to extend its R&D scope and promote opportunities for international cooperation around the world. For more information, please visit http://www.itri.org/eng.


LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI), a world-leading technology and services company dedicated to the resourceful use of energy and water, announced today that it has been honored as the 2016 Asia Pacific Smart Grid Solutions Company of the Year by Frost & Sullivan for its comprehensive smart grid solutions. The award was presented during Australian Utility Week and recognizes the company’s exemplary performance in 2015 as a result of its ability to address unmet customer needs and exceed their expectations with Itron’s OpenWay Riva™ IoT solution. “Itron is a leader in technology and services, offering solutions to utilities across the globe that help them be more resourceful with energy and water. The company has demonstrated an ability to meet the emerging needs of the Asia Pacific smart grid solutions market with its OpenWay Riva solution,” said Avanthika Satheesh, industry analyst for energy and environment at Frost & Sullivan. “Based on the company’s strong overall performance during the year, Itron rightly deserves the 2016 Frost & Sullivan Asia Pacific Smart Grid Solutions Company of the Year.” With the OpenWay Riva solution, Itron is bringing its global experience and capabilities to the Asia Pacific's smart grid solutions sector, addressing unmet needs including diversion detection and renewable integration. According to the report, “the powerful distributed computing platform, coupled with its innovative adaptive communications technology running on an open, standards-compliant IPv6 network, has been met with a positive response from the market.” The smart grid solutions market in the Asia Pacific region saw significant developments in 2015 with an increase in smart metering, demand response and grid automation investments in Japan and South Korea. Smart grid testbeds and smart metering trials grew in Southeast Asia and Australasia. Ever-increasing migration toward urban centers and pressure to better manage resources are main drivers for these developments. “Itron is proud to be recognized as the Asia Pacific Smart Grid Solutions Company of the Year. With our OpenWay Riva solution, we are helping our customers in the Asia Pacific region and around the world unlock significant new value from their distribution system operations and customer service. The solution delivers new value in distribution system efficiency, reliability, safety and new services, allowing our customers to manage energy and water more resourcefully,” said Paul Nelsen, Itron vice president for Electricity, Asia Pacific. Itron is a world-leading technology and services company dedicated to the resourceful use of energy and water. We provide comprehensive solutions that measure, manage and analyze energy and water. Our broad product portfolio includes electricity, gas, water and thermal energy measurement devices and control technology; communications systems; software; as well as managed and consulting services. With thousands of employees supporting nearly 8,000 customers in more than 100 countries, Itron applies knowledge and technology to better manage energy and water resources. Together, we can create a more resourceful world. Join us: www.itron.com. Itron® and OpenWay® are registered trademarks of Itron, Inc. All third party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.


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

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ:ITRI) announced today financial results for its fourth quarter and full year ended Dec. 31, 2016. Highlights include: “Itron’s fourth quarter results reflect a strong finish to a year of significant improvement in financial and operational performance,” said Philip Mezey, Itron’s president and chief executive officer. “Highlights from the quarter include improved earnings and robust revenue growth in the Electricity segment driven by growth in smart solutions. Adjusted EBITDA increased by more than 50 percent to $54 million driven by our focus on predictability, profitability and growth. This level of EBITDA equates to 11 percent of revenues, demonstrating that we are making progress toward our mid-teens goal. In addition, the board's authorization of a new share repurchase program reflects confidence in Itron’s profitable growth initiatives, financial flexibility and long-term business outlook." Summary of Fourth Quarter Consolidated Financial Results (All comparisons made are against the prior year period unless otherwise noted) Total revenue was $495.7 million in the fourth quarter of 2016 compared with $496.4 million in the fourth quarter of 2015. Foreign currency exchange rates unfavorably affected revenue by $7 million compared with the prior year. In addition, strong revenue growth in the Electricity segment, which grew 13 percent, offset decreases in the Gas and Water segments. Gross margin was 31.6 percent compared with the prior year period margin of 30.7 percent. The improvement in gross margin was driven by favorable product mix and reduced warranty expense, partially offset by increased variable compensation. Operating expenses were $125.9 million compared with $136.0 million in 2015. The decrease was due primarily to lower legal costs and reduced headcount in general and administrative departments, which was partially offset by higher variable compensation and restructuring costs. Operating income improved to $30.8 million compared with operating income of $16.4 million in 2015. Non-GAAP operating income improved to $44.7 million compared with $25.9 million in 2015. Net income for the quarter was $11.6 million, or 30 cents per diluted share, compared with net income of $9.0 million, or 23 cents per diluted share, in 2015. Non-GAAP net income for the quarter was $26.4 million, or 68 cents per diluted share, compared with $17.4 million, or 45 cents per diluted share, in 2015. The increases in GAAP and non-GAAP operating income were driven by improved gross margin and lower operating expenses. GAAP and non-GAAP net income and earnings per share reflect the company’s increased operating income partially offset by a higher effective tax rate. The increased tax rate was due to the mix of taxable income by jurisdiction and discrete items. Cash provided by operating activities was $34.0 million in the fourth quarter of 2016 compared with $53.2 million in 2015. Non-GAAP free cash flow was $21.0 million in the fourth quarter compared with $42.6 million in the prior year. The decreases in quarterly cash from operations and free cash flow over the prior year were primarily driven by timing of accounts payable, timing of remittances on certain large contracts and a $2.4 million increase in capital expenditures. For the full year, cash from operating activities totaled $115.8 million in 2016 compared with $73.4 million in 2015. Free cash flow was $72.3 million in 2016 compared with $29.4 million in 2015. The increases in cash from operations and free cash flow over the prior year were primarily driven by increased profitability and reduced inventory, partially offset by the timing of remittances on certain large contracts. Capital expenditures were flat year-over-year at approximately $44 million. Bookings in the quarter totaled $653 million. Total backlog was $1.7 billion and 12-month backlog was $761 million at 2016 year end, compared with $1.6 billion and $836 million at 2015 year end, respectively. On Feb. 23, 2017, the board of directors authorized a new program to repurchase up to $50 million of Itron common stock over a 12-month period beginning Feb. 23, 2017. Repurchases under the program will be made in the open market in accordance with applicable securities laws. Itron’s guidance for the full year 2017 is as follows: This guidance assumes foreign currency exchange rates remain consistent with current levels on average in 2017, average fully diluted shares outstanding of approximately 39.5 million for the year and a non-GAAP effective tax rate for the year of approximately 35 percent. A reconciliation of forward-looking non-GAAP diluted EPS to the GAAP diluted EPS has not been provided because we are unable to predict with reasonable certainty the potential amount or timing of restructuring and acquisition-related expenses and their related tax effects without unreasonable effort. These items are uncertain, depend on various factors, and could have a material impact on GAAP results for the guidance period. Itron will host a conference call to discuss the financial results and guidance contained in this release at 5 p.m. EST on Feb. 28, 2017. The call will be webcast in a listen-only mode. Webcast information and conference call materials will be made available 10 minutes before the start of the call and will be accessible on Itron’s website at http://investors.itron.com/events.cfm. A replay of the audio webcast will be made available for one year at http://investors.itron.com/events.cfm. A telephone replay of the conference call will be available through March 5, 2017. To access the telephone replay, dial 888-203-1112 (Domestic) or 719-457-0820 (International) and enter passcode 8093200. Itron is a world-leading technology and services company dedicated to the resourceful use of energy and water. We provide comprehensive solutions that measure, manage and analyze energy and water. Our broad product portfolio includes electricity, gas, water and thermal energy measurement devices and control technology; communications systems; software; as well as managed and consulting services. With thousands of employees supporting nearly 8,000 customers in more than 100 countries, Itron applies knowledge and technology to better manage energy and water resources. Together, we can create a more resourceful world. Join us: www.itron.com. Itron® is a registered trademark of Itron, Inc. All third party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated. This release contains forward-looking statements within in the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to our expectations about revenues, operations, financial performance, earnings, earnings per share, cash flows and restructuring activities including headcount reductions and other cost savings initiatives. Although we believe the estimates and assumptions upon which these forward-looking statements are based are reasonable, any of these estimates or assumptions could prove to be inaccurate and the forward-looking statements based on these estimates and assumptions could be incorrect. Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Actual results and trends in the future may differ materially from those suggested or implied by the forward-looking statements depending on a variety of factors. Some of the factors that we believe could affect our results include our ability to execute on our restructuring plan, our ability to achieve estimated cost savings, the rate and timing of customer demand for our products, rescheduling of current customer orders, changes in estimated liabilities for product warranties, adverse impacts of litigation, changes in laws and regulations, our dependence on new product development and intellectual property, future acquisitions, changes in estimates for stock-based and bonus compensation, increasing volatility in foreign exchange rates, international business risks and other factors that are more fully described in our Annual Report on Form 10-K for the year ended December 31, 2015 and other reports on file with the Securities and Exchange Commission. Itron undertakes no obligation to update or revise any information in this press release. To supplement our consolidated financial statements presented in accordance with GAAP, we use certain non-GAAP financial measures, including non-GAAP operating expense, non-GAAP operating income, non-GAAP net income, non-GAAP diluted EPS, adjusted EBITDA, adjusted EBITDA margin, constant currency and free cash flow. We provide these non-GAAP financial measures because we believe they provide greater transparency and represent supplemental information used by management in its financial and operational decision making. We exclude certain costs in our non-GAAP financial measures as we believe the net result is a measure of our core business. The company believes these measures facilitate operating performance comparisons from period to period by eliminating potential differences caused by the existence and timing of certain expense items that would not otherwise be apparent on a GAAP basis. Non-GAAP performance measures should be considered in addition to, and not as a substitute for, results prepared in accordance with GAAP. Our non-GAAP financial measures may be different from those reported by other companies. A more detailed discussion of why we use non-GAAP financial measures, the limitations of using such measures, and reconciliations between non-GAAP and the nearest GAAP financial measures are included in this press release. Statements of operations, segment information, balance sheets, cash flow statements and reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures follow. The accompanying press release contains non-GAAP financial measures. To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use certain non-GAAP financial measures, including non-GAAP operating expense, non-GAAP operating income, non-GAAP net income, non-GAAP diluted EPS, adjusted EBITDA, constant currency and free cash flow. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures please see the table captioned “Reconciliations of Non-GAAP Financial Measures to Most Directly Comparable GAAP Financial Measures.” We use these non-GAAP financial measures for financial and operational decision making and/or as a means for determining executive compensation. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and ability to service debt by excluding certain expenses that may not be indicative of our recurring core operating results. These non-GAAP financial measures facilitate management’s internal comparisons to our historical performance as well as comparisons to our competitors’ operating results. In addition, management analyzes revenue growth and operational results on a constant currency basis to assess how our business performed excluding the effect of foreign currency rate fluctuations. Our executive compensation plans exclude non-cash charges related to amortization of intangibles and certain discrete cash and non-cash charges such as purchase accounting adjustments, restructuring charges or goodwill impairment charges. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting and analyzing future periods. We believe these non-GAAP financial measures are useful to investors because they provide greater transparency with respect to key metrics used by management in its financial and operational decision making and because they are used by our institutional investors and the analyst community to analyze the health of our business. Non-GAAP operating expenses and non-GAAP operating income – We define non-GAAP operating expenses as operating expenses excluding certain expenses related to the amortization of intangible assets, restructuring, acquisitions and goodwill impairment. We define non-GAAP operating income as operating income excluding the expenses related to the amortization of intangible assets, restructuring, acquisitions and goodwill impairment. We consider these non-GAAP financial measures to be useful metrics for management and investors because they exclude the effect of expenses that are related to previous acquisitions and restructuring projects. By excluding these expenses, we believe that it is easier for management and investors to compare our financial results over multiple periods and analyze trends in our operations. For example, in certain periods expenses related to amortization of intangible assets may decrease, which would improve GAAP operating margins, yet the improvement in GAAP operating margins due to this lower expense is not necessarily reflective of an improvement in our core business. There are some limitations related to the use of non-GAAP operating expense and non-GAAP operating income versus operating expense and operating income calculated in accordance with GAAP. Additionally, the expenses that we exclude in our calculation of non-GAAP operating expense and non-GAAP operating income may differ from the expenses that our peer companies exclude when they report the results of their operations. We compensate for these limitations by providing specific information about the GAAP amounts we have excluded from our non-GAAP operating expense and non-GAAP operating income and evaluating non-GAAP operating expense and non-GAAP operating income together with GAAP operating expense and GAAP operating income. Non-GAAP net income and non-GAAP diluted EPS – We define non-GAAP net income (loss) attributable to Itron, Inc. as income excluding the expenses associated with amortization of intangible assets, restructuring, acquisitions, goodwill impairment, amortization of debt placement fees and the tax effect of excluding these expenses. We define non-GAAP diluted EPS as non-GAAP net income divided by the weighted average shares, on a diluted basis, outstanding during each period. We consider these financial measures to be useful metrics for management and investors for the same reasons that we use non-GAAP operating income. The same limitations described above regarding our use of non-GAAP operating income apply to our use of non-GAAP net income and non-GAAP diluted EPS. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP measures and evaluating non-GAAP net income and non-GAAP diluted EPS together with GAAP net income (loss) attributable to Itron, Inc. and GAAP diluted EPS. Adjusted EBITDA – We define adjusted EBITDA as net income (a) minus interest income, (b) plus interest expense, depreciation and amortization of intangible assets, restructuring, acquisition related expense, goodwill impairment and (c) excluding the tax expense or benefit. Management uses adjusted EBITDA as a performance measure for executive compensation. A limitation to using adjusted EBITDA is that it does not represent the total increase or decrease in the cash balance for the period and the measure includes some non-cash items and excludes other non-cash items. Additionally, the items that we exclude in our calculation of adjusted EBITDA may differ from the items that our peer companies exclude when they report their results. We compensate for these limitations by providing a reconciliation of this measure to GAAP net income. Free cash flow – We define free cash flow as net cash provided by operating activities less cash used for acquisitions of property, plant and equipment. We believe free cash flow provides investors with a relevant measure of liquidity and a useful basis for assessing our ability to fund our operations and repay our debt. The same limitations described above regarding our use of adjusted EBITDA apply to our use of free cash flow. We compensate for these limitations by providing specific information regarding the GAAP amounts and reconciling to free cash flow. Constant currency - We may refer to the impact of foreign currency exchange rate fluctuations in our discussions of financial results, which references the differences between the foreign currency exchange rates used to translate operating results from local currencies into U.S. dollars for financial reporting purposes. We also use the term “constant currency,” which represents financial results adjusted to exclude changes in foreign currency exchange rates as compared with the rates in the comparable prior year period. We calculate the constant currency change as the difference between the current period results and the comparable prior period’s results restated using current period currency exchange rates. The accompanying tables have more detail on the GAAP financial measures that are most directly comparable to the non-GAAP financial measures and the related reconciliations between these financial measures.


News Article | November 4, 2016
Site: www.marketwired.com

HSINCHU, TAIWAN--(Marketwired - Nov 4, 2016) -  Industrial Technology Research Institute (ITRI), Taiwan's largest and one of the world's leading high-tech applied research institutions, received five 2016 R&D 100 Awards on November 3 in Oxon Hill, Maryland (Washington DC). ITRI's technologies were selected as winners for innovation in the IT/Electrical, Mechanical Devices/Materials, and Software/Services categories: Tim Studt from the R&D 100 Awards Committee commented on why ITRI could stand out among the competition. He stressed that ITRI has a technology base that is very strong from an industrial standpoint and creates products that can be quickly adaptable into production products that can be marketed. "We are honored to receive recognition from the R&D 100 Awards," said Dr. Jonq-Min Liu, President of ITRI. "ITRI finalists and winners this year once again demonstrate to the world that our innovation addresses industrial needs and presents critical solutions to global challenges," he stressed. Since 2008, ITRI has received 27 R&D 100 Awards for its outstanding contributions toward innovating a better future for society and pushing the boundaries of what is possible. Many of these winning technologies have been licensed and commercialized through industry partners. Other R&D 100 Awards recipients this year include Oak Ridge National Laboratory, MIT Lincoln Laboratory, and Sandia National Laboratories. Industrial Technology Research Institute (ITRI) is one of the world's leading technology R&D institutions aiming to innovate a better future for society. Founded in 1973, ITRI has played a vital role in transforming Taiwan's industries from labor-intensive into innovation-driven. It focuses on the fields of Smart Living, Quality Health, and Sustainable Environment. Over the years, ITRI has cultivated more than 140 CEOs and incubated over 240 innovative companies, including well-known names such as UMC and TSMC. In addition to its headquarters in Taiwan, ITRI has branch offices in the U.S., Europe, and Japan in an effort to extend its R&D scope and promote opportunities for international cooperation around the world. For more information, please visit http://www.itri.org/eng.


News Article | December 8, 2016
Site: www.businesswire.com

CHUTUNG, Taiwan--(BUSINESS WIRE)--Press Kit Materials are Available at: http://www.tradeshownews.com/events/ces-2017/ITRI/ Industrial Technology Research Institute (ITRI) is one of the world’s leading technology R&D institutions aiming to innovate a better future for society. Founded in 1973, ITRI has played a vital role in transforming Taiwan's industries from labor-intensive into innovation-driven. It focuses on the fields of Smart Living, Quality Health, and Sustainable Environment. Over the years, ITRI has cultivated more than 140 CEOs and incubated over 240 innovative companies, including well-known names such as UMC and TSMC. In addition to its headquarters in Taiwan, ITRI has branch offices in the U.S., Europe, and Japan.


News Article | December 13, 2016
Site: www.businesswire.com

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ:ITRI), a world-leading technology and services company dedicated to the resourceful use of energy and water, announced today that it has been ranked the leader in the Navigant Research Leaderboard Report for Utility Field Area Networking (FAN). Itron received high marks in the report for its vision and product portfolio, including its OpenWay Riva IoT solution, which delivers distributed intelligence, advanced FAN communications and broad device interoperability over a standards-based network. “Itron has differentiated itself from many competitors through its innovative OpenWay Riva solution, strong partner relationships and a sustainable business model. As the leader in this leaderboard, Itron holds an enviable position in the FAN market,” said Richelle Elberg, principal research analyst at Navigant Research and co-author of the report. Itron’s OpenWay Riva solution provides distributed intelligence throughout the network, including the FAN, at the edge and in the utility back office. The solution’s adaptive communications technology delivers high-performance communications with assured connectivity using one unified network and communication solution. The standards-based, highly-secure network can readily accept new devices from an ever-expanding ecosystem of Itron Riva-enabled third-party technologies. “Itron is proud to be recognized as the leader in utility field area networking by Navigant Research. Our OpenWay Riva IoT solution is helping utilities unlock significant new value in distribution system operations and customer service by solving problems in new, yet very practical and cost-effective ways,” said Mark de Vere White, president of Itron’s Electricity business line. “The OpenWay Riva solution has the power to transform utility operations and deliver new value in distribution system efficiency, reliability, safety and new services for customers.” This Navigant Research Leaderboard Report examines the strategy and execution of 10 leading utility FAN providers. The grid edge connectivity providers are rated on 12 criteria: vision; go-to market strategy; partners; production strategy, technology; geographic reach; sales, marketing and distribution; product performance; product quality and reliability; product portfolio; pricing; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated and ranked with the goal of providing an objective assessment of their relative strengths and weaknesses in the global utility FAN market. According to the report, leaders in the FAN market are enjoying large project wins and are proactively broadening their technology and solution offering portfolios. They have global reach, have demonstrated technological innovation and participate in numerous strategic alliances. To learn more about the Navigant Research Leaderboard Report on Utility Field Area Networking, visit www.itron.com/FANLeader. Itron is a world-leading technology and services company dedicated to the resourceful use of energy and water. We provide comprehensive solutions that measure, manage and analyze energy and water. Our broad product portfolio includes electricity, gas, water and thermal energy measurement devices and control technology; communications systems; software; as well as managed and consulting services. With thousands of employees supporting nearly 8,000 customers in more than 100 countries, Itron applies knowledge and technology to better manage energy and water resources. Together, we can create a more resourceful world. Join us: www.itron.com. Itron® is a registered trademark of Itron, Inc. All third party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.


News Article | January 22, 2016
Site: www.materialstoday.com

H.C. Starck has received certification for processing ‘conflict-free’ tantalum raw materials for the fifth time in a row. The corresponding audit was performed by the Electronics Industry Citizenship Coalition (EICC), an independent organization, and the Global e-Sustainability Initiative (GeSI) as part of the Conflict Free Smelter Program (CFSP). ‘Fair and responsible purchasing of raw materials from conflict-free sources is an unshakeable principle of our raw materials strategy,’ said Dr. Andreas Meier, CEO of H.C. Starck. ‘We are delighted to have received this certification for the fifth year in a row. It proves that our strategy of focusing on sustainability in procurement of raw materials is the right one. ‘Sustainability in the supply of raw materials is also expressed in one of our core competencies: recycling of technology metals,’ Dr. Meier continued. ‘We use innovative methods to process production residue, slag, and scrap into high-quality, high-performance metal powders. Our goal in doing this is to make a significant contribution to practices of sourcing raw materials sustainably and with reduced environmental impact.’ H.C. Starck says that it fully endorses the position of the EICC and the OECD not to purchase, process, or resell any raw materials used to finance or benefit armed groups. The company actively supports its customers in fulfilling their duties of care and disclosure in line with the guidelines issued by the U.S. Securities and Exchange Commission. H.C. Starck is a member of the ITRI Tin Supply Chain Initiative (iTSCi), which has developed a due diligence system to bring transparency to procurement of raw materials from conflict areas and regularly checks to ensure that member companies are implementing it. This story uses material from H.C. Starck with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.

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