San Francisco, CA, United States
San Francisco, CA, United States

LightWave 3D is a 3D computer graphics software developed by NewTek. It has been used in film, television, motion graphics, digital matte painting, visual effects, video games development, product design, architectural visualizations, virtual production, music videos, pre-visualizations and advertising. Wikipedia.


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BOULDER, Colo.--(BUSINESS WIRE)--Zayo Group Holdings, Inc. (“Zayo” or “the Company”) (NYSE: ZAYO), a global leader in Communications Infrastructure, announced results for the three months ended March 31, 2017. Third quarter operating income remained consistent at $90.7 million and net income increased by $7.2 million over the previous quarter. Basic and diluted net income per share during the third fiscal quarter was $0.11. During the three months ended March 31, 2017, capital expenditures were $208.3 million. As of March 31, 2017, the Company had $198.4 million of cash and $442.2 million available under its revolving credit facility. On March 1, 2017, the Company acquired Electric Lightwave Parent, Inc. (“Electric Lightwave”), an infrastructure and telecom services provider serving 35 markets in the western U.S., for net purchase consideration of $1,426.7 million, net of cash acquired, subject to certain post-closing adjustment. The acquisition was funded through a previously reported debt issuance. The acquisition included 8,100 route miles of long haul fiber and 4,000 miles of dense metro fiber across Denver, Minneapolis, Phoenix, Portland, Seattle, Sacramento, San Francisco, San Jose, Salt Lake City, Spokane and Boise, with on-net connectivity to more than 3,100 enterprise buildings and 100 data centers. Zayo will hold a conference call to report third fiscal quarter 2017 results at 5:00 p.m. EDT, May 9, 2017. The dial in number for the call is 866-807-9684. A live webcast of the call can be found in the investor relations section of Zayo’s website or can be accessed directly at http://services.choruscall.com/links/zayo1705092s01HOaV.html. During the call, the Company will review an Earnings Presentation that summarizes the financial, operational and commercial highlights of the quarter, which can be found at http://investors.zayo.com/earnings-releases. The Company’s Supplemental Earnings Information will be included in the appendix of the Earnings Presentation. Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to the world’s leading businesses. Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises. Zayo’s 122,000-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centers. In addition to high-capacity dark fiber, wavelength, Ethernet and other connectivity solutions, Zayo offers colocation and cloud infrastructure in its carrier-neutral data centers. Zayo provides clients with flexible, customized solutions and self-service through Tranzact, an innovative online platform for managing and purchasing bandwidth and services. For more information, visit zayo.com. Information contained in this earnings release that is not historical by nature constitutes “forward-looking statements” which can be identified by the use of forward-looking terminology such as “believes,” “expects,” “plans,” “intends,” “estimates,” “projects,” “could,” “may,” “will,” “should,” or “anticipates” or the negatives thereof, other variations thereon or comparable terminology, or by discussions of strategy. No assurance can be given that future results expressed or implied by the forward-looking statements will be achieved and actual results may differ materially from those contemplated by the forward-looking statements. Such statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, those relating to the Company’s financial and operating prospects, current economic trends, future opportunities, ability to retain existing customers and attract new ones, outlook of customers, and strength of competition and pricing. In addition, there is risk and uncertainty in the Company’s acquisition strategy including our ability to integrate acquired companies and assets. Specifically, there is a risk associated with our recent acquisitions, and the benefits thereof, including financial and operating results and synergy benefits that may be realized from these acquisitions and the timeframe for realizing these benefits. Other factors and risks that may affect our business and future financial results are detailed in the “Risk Factors” section of our Annual Report on Form 10-K filed on August 26, 2016 (our “Annual Report”) and in our Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on February 9, 2017. We caution you not to place undue reliance on these forward-looking statements, which speak only as of their respective dates. We undertake no obligation to publicly update or revise forward-looking statements to reflect events or circumstances after releasing this supplemental information or to reflect the occurrence of unanticipated events, except as required by law. This earnings release should be read together with the Company’s unaudited condensed consolidated financial statements and notes thereto for the quarter ended March 31, 2017 included in the Company’s Quarterly Report on Form 10-Q to be filed with the SEC on May 9, 2017 and the Company’s audited consolidated financial statements and notes thereto for the year ended June 30, 2016 included in the Company’s Annual Report. The Company provides financial measures that are not defined under generally accepted accounting principles in the United States, or GAAP, including Adjusted EBITDA, Adjusted EBITDA Margin, and levered free cash flow. Adjusted EBITDA, as defined below and in Note 16 – Segment Reporting of our consolidated financial statements and notes thereto included in our Annual Report on Form 10-K, is the primary measure used by our chief operating decision maker to evaluate segment operating performance. Adjusted EBITDA is defined as earnings/(loss) from continuing operations before interest, income taxes, depreciation, and amortization (“EBITDA”) adjusted to exclude acquisition or disposal-related transaction costs, losses on extinguishment of debt, stock-based compensation, unrealized foreign currency gains/ (losses) on intercompany loans, and non-cash income/(loss) on equity and cost method investments. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenue. Levered free cash flow is defined as operating cash flow minus purchases of property and equipment, net of stimulus grants. Levered free cash flow is not a measurement of our financial performance under GAAP and should not be considered in isolation or as alternatives to net income, net cash flows provided by operating activities, total net cash flows or any other performance measures derived in accordance with GAAP or as alternatives to net cash flows from operating activities or total net cash flows as measures of our liquidity. Adjusted EBITDA is a performance rather than cash flow measure. We use levered free cash flow as a measure to evaluate cash generated through normal operating activities. These metrics are among the primary measures used by management for planning and forecasting future periods. We believe the presentation of Adjusted EBITDA is relevant and useful for investors because it allows investors to view results in a manner similar to the method used by management and make it easier to compare our results with the results of other companies that have different financing and capital structures. We believe that the presentation of levered free cash flow is relevant and useful to investors because it provides a measure of cash available to pay the principal on our debt and pursue acquisitions of businesses or other strategic investments or uses of capital. We also monitor Adjusted EBITDA because our subsidiaries have debt covenants that restrict their borrowing capacity that are based on a leverage ratio, which utilizes a modified EBITDA, as defined in our credit agreement and the indentures governing our notes. The modified EBITDA is consistent with our definition of Adjusted EBITDA; however, it includes the pro forma Adjusted EBITDA of and expected cost synergies from the companies acquired by us during the quarter for which the debt compliance certification is due. Adjusted EBITDA results, along with the quantitative and qualitative information, are also utilized by management and our Compensation Committee, as an input for determining incentive payments to employees. Adjusted EBITDA has limitations as an analytical tool and should not be considered in isolation from, or as a substitute for, analysis of our results of operations and operating cash flows as reported under GAAP. For example, Adjusted EBITDA: Levered free cash flow has limitations as an analytical tool and should not be considered in isolation from, or as a substitute for, analysis of our results as reported under GAAP. For example, levered free cash flow: Our computation of Adjusted EBITDA, and levered free cash flow may not be comparable to other similarly titled measures computed by other companies because all companies do not calculate these measures in the same fashion. Because we have acquired numerous entities since our inception and incurred transaction costs in connection with each acquisition, borrowed money in order to finance our operations and acquisitions, and used capital and intangible assets in our business, and because the payment of income taxes is necessary if we generate taxable income after the utilization of our net operating loss carry forwards, any measure that excludes these items has material limitations. As a result of these limitations, these measures should not be considered as a measure of discretionary cash available to us to invest in the growth of our business or as a measure of our liquidity. See “Reconciliation of Non-GAAP Financial Measures” for a quantitative reconciliation of Adjusted EBITDA to net income/(loss) and for a quantitative reconciliation of levered free cash flow to net cash provided by operating activities. Annualized revenue and annualized Adjusted EBITDA are derived by multiplying the total revenue and Adjusted EBITDA, respectively, for the most recent quarterly period by four. Our computations of annualized revenue and annualized Adjusted EBITDA may not be representative of our actual annual results. Measures referred to as being calculated on a constant currency basis are intended to present the relevant information assuming a constant exchange rate between the two periods being compared. Such metrics are calculated by applying the currency exchange rates used in the preparation of the prior period financial results to the subsequent period results. Tables reconciling non-GAAP measures are included in the Reconciliation of Non-GAAP Financial Measures section of this presentation. A glossary of terms used throughout is available under the investor section of the Company’s website at http://investors.zayo.com/glossary.


Patent
Lightwave | Date: 2015-03-23

Disclosed herein are a plurality of laser sources forming an element. Multiple laser elements are arranged in a pattern to form an array. Each laser element of the array is independently addressable, such that video and other content can be projected from the array.


Patent
Lightwave | Date: 2017-01-12

A system including a light source, sampling tray, and a plurality of fiber optics positioned to achieve high contrast to improve accuracy and eliminate the need to rotate the sample. A composite light image from the fiber optics is fed to a spectrometer which converts the reflected light into a fingerprint corresponding to the concentration of at least one substance in the sample. The fingerprint is processed by a statistical model to determine concentration level of the at least one substance in the sample and the concentration level is then displayed.


Patent
Lightwave | Date: 2015-03-21

A laser projection system having built-in safety systems is disclosed. Further disclosed is a method of operating a laser projection system such that safe operation is a factor only of meeting a threshold distance between the laser unit and an audience member. To accomplish safe operation at the threshold distance, the laser projection system is pre-calibrated to operate below maximum permitted exposure levels at the threshold distance. In this manner of operation, laser lighting can be accomplished by non-laser professionals without the complexity, external sensors, and need for calibration at the venue.


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

BOULDER, Colo.--(BUSINESS WIRE)--Zayo Group Holdings, Inc. (NYSE: ZAYO) completed the $12 million acquisition of KIO Networks’ San Diego data centers. The two data centers, located at 12270 World Trade Drive and 9606 Aero Drive, total more than 100,000 square feet of space and 2 megawatts (MW) of critical, IT power, with additional power available. The acquisition builds on Zayo’s continued growth on the West Coast, which includes extensive network assets from Electric Lightwave and recently announced data centers in Santa Clara and Los Angeles. Zayo has experienced accelerated demand for data center and interconnection services in San Diego, fueled by customers in IT, healthcare and professional services. The acquisition of Kio’s data centers not only provides crucial capacity to meet this demand, but also an embedded revenue base that supports the financial profile of the deal. Zayo’s pre-synergy acquisition multiple is 9.6x LQA EBITDA. The San Diego facilities will provide extensive interconnection and access to Zayo’s fiber backbone in California, which now encompasses more than 8,000 route miles. Zayo’s high-count fiber also connects to multiple landing stations providing subsea cable access up the California coast and to the Asia Pacific (APAC) region. “California is an important hub of the global economy, and this acquisition further strengthens Zayo’s position as a leading infrastructure provider,” said T.J. Karklins, senior vice president of Zayo’s zColo business segment. “We now have zColo datacenters in all of California’s leading metros, creating a strong chain up the West Coast which extends to Seattle. Customers increasingly require solutions that require network connectivity, colocation and cloud infrastructure. Zayo offers all three at scale.” For more information, please visit zayo.com. Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to the world’s leading businesses. Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises. Zayo’s 126,000-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centers. In addition to high-capacity dark fiber, wavelength, Ethernet and other connectivity solutions, Zayo offers colocation and cloud infrastructure in its carrier-neutral data centers. Zayo provides clients with flexible, customized solutions and self-service through Tranzact, an innovative online platform for managing and purchasing bandwidth and services. For more information, visit zayo.com. This press release contains a number of forward-looking statements. Words, and variations of words such as “believe,” “expect,” “plan,” “continue,” “will,” “should,” and similar expressions are intended to identify our forward-looking statements. No assurance can be given that future results expressed or implied by the forward-looking statements will be achieved and actual results may differ materially from those contemplated by the forward-looking statements. These forward-looking statements involve risks and uncertainties, many of which are beyond our control. For additional information on these and other factors that could affect our forward-looking statements, see our risk factors, as they may be amended from time to time, set forth in our filings with the SEC, including our 10-K dated August 25, 2016. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.


Patent
Lightwave | Date: 2017-01-25

A laser projection system having built-in safety systems is disclosed. Further disclosed is a method of operating a laser projection system such that safe operation is a factor only of meeting a threshold distance between the laser unit and an audience member. To accomplish safe operation at the threshold distance, the laser projection system is pre-calibrated to operate below maximum permitted exposure levels at the threshold distance. In this manner of operation, laser lighting can be accomplished by non-laser professionals without the complexity, external sensors, and need for calibration at the venue.


Grant
Agency: European Commission | Branch: FP7 | Program: CP | Phase: SME-2013-3 | Award Amount: 1.18M | Year: 2013

The UV-MULTICAM (Multiple Application UV Camera) for highly reliable, cost effective early detection and accurate localisation of fire project will enable considerable reduction in the damage caused by forest fires and industrial fires. With an excellent consortium including experts in the field of VUV sensors, opto-electronics, integration and industrialisation, we will demonstrate our advanced fire detection system UV-MULTICAM. The results of the FORFIRE R4SME project have delivered significant technical achievement, in establishing the basis for very fast response fire detectors using Ultra-Violet emissions from the seat of the fire. The project achieved successful basic prototype detection device operating in the true solar blind spectral region i.e. <230 nm to minimise false alarms from solar radiation. We believe that the FORFIRE results form the basis of a new generation of advanced fire detection and alarm systems that would greatly improve response times to the outbreak of fire not only outdoors but also indoors in industrial and domestic settings. This will enable us to achieve our goals of improving safety of individuals, reducing environmental damage caused by fires and reducing the enormous costs of fire damage across Europe. Our technology was developed during the FP7 R4SME Project FORFIRE (Grant agreement no FP7-231481) and has shown strong commercial potential. With project costs of 1.1 million including both EC contribution and partner costs, we see an overall return on investment (ROI) of about x 32 within 3 years of project completion. The UV-MULTICAM consortium includes two participants from the original R4SME project, including the SME participants Heron Technologies and Irish Precision Optics.


A system for remote starting a vehicle equipped with a keyless go system. The keyless go system is adapted to start the vehicle upon receipt of a proper response to a challenge emitted by the keyless go system, the response being computed by a key fob. A first interface is located proximate the keyless go system, the first interface being adapted to relay the challenge from the keyless go system to a second interface, and to receive the response from the second interface and relay the response to the keyless go system. A second interface is located proximate the key fob, the second interface being adapted to receive the challenge and relay the challenge to the key fob and being adapted to receive the response and relay the response to the first interface. The car can be remote started from a distant location, without having to disable the on-board security system of the car.


Patent
Lightwave | Date: 2014-11-14

A system including a light source, sampling tray, and at least three detectors mounted at angles with respect to each other receives light reflected from a sample of cannabis-based matter. Light from the three detectors is fed to a spectrometer which converts the reflected light into a fingerprint corresponding to the concentration of at least one substance in the sample. The fingerprint is processed by a statistical model to determine concentration level of the at least one substance in the sample and the concentration level is then displayed.


A VCSEL structure is provided. The VCSEL structure comprises a substrate. The structure may also include one or more conducting layers positioned on the substrate. There may be void spaces positioned between portions of the conducting layers to electrically isolate the portions. A method for fabricating the VCSEL structure is also provided.

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