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

Ecolog Vice President -- Q&S shares Ecolog's successful HSE strategy and implementation, from an Oil & Gas contractors' perspective KUWAIT CITY, KUWAIT--(Marketwired - February 22, 2017) - Health, Safety and Environment (HSE) are key aspects in the Oil & Gas world, often challenged by climate conditions, site remoteness and security conditions. In this context, the logistics and support services backing the operators are essential to ensure safe, sustainable and continuous operations. The recent Kuwait International HSE conference & exhibition, held 15-16 February, with 2,500 participants from across the Middle East and Europe, focused in particular on these aspects. Mr. Roy Griffin, Vice President Q&S at Ecolog, presented Ecolog's pragmatic and innovative HSE strategy to the audience. Ecolog, a turnkey provider of support services with operations in over 150 locations, has an integrated HSE footprint in all its contracts. This drives Ecolog to continuously develop its HSE programs. Mr. Griffin said: "Ecolog's Q&S program was developed thinking differently towards the traditional concept of HSE. We wanted to stand out from the crowd but also make HSE user friendly and welcoming. Now in its fifth year, it has evolved with well developed, robust management systems, across all our contracts, resulting in the safest standards to our employees and customers." In Iraq, Ecolog Waste Management operations, in support of Shell in Majnoon, were recognized last year with the Seven Pillards Award, having performed three million hours free of Lost Time Injuries (LTI). As a result, the company was placed on Shell's Global Contractors register as a Green Banded Company. Ecolog is an active member of the UK's leading safety charity RoSPA, which promotes safety, the prevention of accidents, and supports companies in improving their safety performance. With this membership, Ecolog supports the work of RoSPA and benefits from the expertise it provides to improve safety performance. Employee training and awareness are key in such a successful implementation. Mr. Griffin explains: "HSE starts with leadership, from active involvement of the CEO, to all levels of the leadership teams. It sets the highest level of good practice within the various areas of responsibility. The commitment in developing a HSE culture, together with a Generative Organization, have a strong bearing on actual behavior and performance of our people. At Ecolog we work together to make it culturally unacceptable when safety rules are broken." To enhance further employee awareness, Ecolog also subscribes to the OHSA Academy, which provides in-depth training and development. Mostly, Ecolog's clients also have their own standards and regulations. The contractor then obviously needs to adapt to these criteria, while fulfilling its own objectives. Hence, Ecolog developed and implemented a global Integrated Management System (IMS) in order to modularize its HSE business practices, to best satisfy the requirements and expectations of the customers, and to continuously improve the overall management of the company. Mr. Griffin explains: "Ecolog's IMS brings our HSE and Food Safety programs together into one efficient and coherent System. It defines how Quality and Safety activities are conducted within our operations and acts as a repository for contract documentation, archiving/records, and past performance utilizing Microsoft SharePoint." The Ecolog IMS is also audited regularly by QMS International, a registered Certification company with the Deutsche Akkreditierungsstelle GmbH (DAkks), who themselves are members of the International Accreditation Forum (IAF). Ecolog's IMS is ISO certified for 9001:2015; 14001:2015; 22000:2005: OHSAS 18001:2007. Overall, Mr. Griffin explained how Ecolog fosters and develops a healthy and safe working environment, compliant with all relevant local and international regulations. A message which was reinforced by Mr. Nizar M. Al Adsani, Deputy Chairman & Chief Executive Director of The Kuwait Petroleum Corporation (KPC): "(…) a company's HSE strategy is of fundamental importance to the success and profitability of that company." A clear reminder that conducting business in a way that protects the interests of the wider community and minimizes any negative impact on the environment, also benefits the interest of a company and its clients. About Ecolog Ecolog is a leading global provider of customised camp facility and infrastructure services, supply chain and logistic solutions, and environmental services to Governments, Humanitarian organisations and Commercial market sectors like Oil & Gas, Mining, Energy and Retail. Since the start of the company in 1998, Ecolog has successfully performed over 1,100 projects. With an extensive network of operations of more than 150 locations and with about 12,000 people active in the Middle East, Africa, Asia, Europe and North America, Ecolog is able to quickly mobilise new operations as well as develop robust supply chains and total service solutions on a global scale. Ecolog has a strong and proven track record in delivering on-time and high-quality solutions that enhance the living and working conditions of the people they serve.


News Article | February 17, 2017
Site: www.PR.com

Receive press releases from Laboratory Testing Inc.: By Email A degreed industrial engineer was promoted to Project Manager at Laboratory Testing Inc. In his new position, Dan Giordano will coordinate the implementation of a company-wide ERP System. Philadelphia, PA, February 17, 2017 --( Dan is a May 2014 graduate of Penn State University with a B.S. degree in Industrial Engineering. His career at Lab Testing began upon graduation, when he joined the company as an Industrial Engineering Intern in the Mechanical Testing Department and Machine Shop. He was hired as a full-time employee two months later and given the title Machine Shop Workflow Coordinator. During the first year, he started to transition into his next role as Project Engineer by expanding the types and size of projects he coordinated for both Mechanical Testing and the Machine Shop. “Both departments have gone through extensive development and change during Dan’s time, and he has been a key member of the implementation teams,” said Mike McVaugh. The Mechanical Testing Department provides a wide-range of services that evaluate the mechanical properties of metals and polymers, from tensile and hardness testing to charpy impact, stress rupture and fracture mechanics. The in-house Machine Shop produces all test specimens required to fill mechanical testing orders at LTI and also prepares specimens for customers who perform their own testing. The ERP system will be implemented in all three production departments, Destructive Testing, Non-Destructive Testing and Metrology, as well as most support departments, including Sales, Machine Shop, Order Entry, Shipping/Receiving and Accounting. The System will allow LTI to work more efficiently and improve collaboration between departments. About Laboratory Testing Inc. - Laboratory Testing Inc. (LTI) of Hatfield, PA is an independent materials testing and metrology laboratory in business since 1984. The range of services offered by LTI includes mechanical testing, metallurgical testing, chemical analysis, corrosion testing, nondestructive testing, specimen machining, failure analysis, dimensional inspection and calibration services with results documented in a Certified Test Report or Calibration Certificate. The laboratory specializes in metal and polymer testing, but also analyzes powdered metals, ores, ferroalloys, composites and ceramics. LTI holds PRI/Nadcap accreditations in materials and nondestructive testing, and A2LA accreditations to ANS/ISO/IEC 17025 in materials testing, dimensional inspection and calibration services, which complies with ISO 9001 and ISO 13485. Test specimens are machined on-site and material investigations are conducted to determine the root cause of material failures. LTI Metrology, a division of Laboratory Testing Inc., provides dimensional inspection and NIST-traceable calibration services for measuring hand tools, masters and a wide-range of measuring instruments and equipment. On-site calibration, repairs, new instruments and replacement parts are offered. Information on Laboratory Testing Inc. services and accreditations is available at www.labtesting.com, sales@labtesting.com or 800-784-2882. Philadelphia, PA, February 17, 2017 --( PR.com )-- Dan Giordano has been promoted to Project Manager at Laboratory Testing Inc. to oversee the implementation of an enterprise resource planning (ERP) System. Dan will be responsible for the day-to-day management of this project and the various project teams. According to Mike McVaugh, CEO and President of LTI, “Not only will he oversee the activities of the core and extended project teams at LTI, but he will also act as the principal liaison between LTI’s project teams and our external partner, Decision Resources Inc.”Dan is a May 2014 graduate of Penn State University with a B.S. degree in Industrial Engineering. His career at Lab Testing began upon graduation, when he joined the company as an Industrial Engineering Intern in the Mechanical Testing Department and Machine Shop. He was hired as a full-time employee two months later and given the title Machine Shop Workflow Coordinator. During the first year, he started to transition into his next role as Project Engineer by expanding the types and size of projects he coordinated for both Mechanical Testing and the Machine Shop. “Both departments have gone through extensive development and change during Dan’s time, and he has been a key member of the implementation teams,” said Mike McVaugh.The Mechanical Testing Department provides a wide-range of services that evaluate the mechanical properties of metals and polymers, from tensile and hardness testing to charpy impact, stress rupture and fracture mechanics. The in-house Machine Shop produces all test specimens required to fill mechanical testing orders at LTI and also prepares specimens for customers who perform their own testing.The ERP system will be implemented in all three production departments, Destructive Testing, Non-Destructive Testing and Metrology, as well as most support departments, including Sales, Machine Shop, Order Entry, Shipping/Receiving and Accounting. The System will allow LTI to work more efficiently and improve collaboration between departments.About Laboratory Testing Inc. - Laboratory Testing Inc. (LTI) of Hatfield, PA is an independent materials testing and metrology laboratory in business since 1984. The range of services offered by LTI includes mechanical testing, metallurgical testing, chemical analysis, corrosion testing, nondestructive testing, specimen machining, failure analysis, dimensional inspection and calibration services with results documented in a Certified Test Report or Calibration Certificate. The laboratory specializes in metal and polymer testing, but also analyzes powdered metals, ores, ferroalloys, composites and ceramics. LTI holds PRI/Nadcap accreditations in materials and nondestructive testing, and A2LA accreditations to ANS/ISO/IEC 17025 in materials testing, dimensional inspection and calibration services, which complies with ISO 9001 and ISO 13485. Test specimens are machined on-site and material investigations are conducted to determine the root cause of material failures. LTI Metrology, a division of Laboratory Testing Inc., provides dimensional inspection and NIST-traceable calibration services for measuring hand tools, masters and a wide-range of measuring instruments and equipment. On-site calibration, repairs, new instruments and replacement parts are offered. Information on Laboratory Testing Inc. services and accreditations is available at www.labtesting.com, sales@labtesting.com or 800-784-2882. Click here to view the list of recent Press Releases from Laboratory Testing Inc.


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

PERTH, WESTERN AUSTRALIA--(Marketwired - February 14, 2017) - Paladin Energy Ltd ("Paladin" or "the Company") ( : PDN) (TSX: PDN) announces the release of its condensed consolidated interim financial report for the half-year reporting period ended 31 December 2016. The condensed consolidated financial report is appended to this News Release. References below to 2016 and 2015 are to the equivalent six months ended 31 December 2016 and 2015 respectively. (References below to 2016 and 2015 are to the equivalent six months ended 31 December 2016 and 2015 respectively). The Company's 12 month moving average Lost Time Injury Frequency Rate5 (LTIFR) decreased to 1.9 as compared to 2.5 at the end of the last quarter. The 12 month moving average LTIFR for the previous year was 2.10. The Company achieved 910 Lost Time Injury (LTI) free days at the Kayelekera Mine (KM) for ~1.6 Million man hours. Two LTI's were reported during the six months: a process operator sustained an injury to the right ankle descending a fixed ladder and a maintenance tradesman injured a shoulder while using a drill. LHM produced 2.500Mlb U O for the six months ended 31 December 2016, up 7% from the previous year (2015: 2.342Mlb U O ). The unit C1 cost of production for the six months decreased by 39% from US$26.50/lb in 2015 to US$16.25/lb in 2016 primarily due to strong operating performance and the impact of the US$168.9M write-down of LHM's ore stockpiles that occurred at 30 June 2016. Activities at site focused on water treatment, discharge and monitoring. Sales revenue for 2016 decreased by 46% from US$101.3M in 2015 to US$55.2M in 2016, as a result of a 36% decrease in realised sales price and a 15% decrease in sales volume. The average realised uranium sales price for 2016 was US$25.96/lb U O (2015: US$40.54/lb U O ), compared to the TradeTech weekly spot price average for the period of US$22.63/lb U O . Gross loss for the period decreased by 175% from a gross profit of US$23.7M in 2015 to a gross loss of US$17.7M in 2016 due to a 36% decrease in realised sales price, a 15% decrease in sales volume, and an impairment of inventory of US$22.3M (2015: US$Nil), which was partially offset by a 35% decrease in cost of sales. Impairments of inventory of US$22.3M were recognised in 2016 (2015: US$Nil) Impairments comprise of a US$16.2M impairment of LHM ore stockpiles, US$2.9M impairment of LHM product-in-circuit due to the write-off of the build-up of solubilised uranium present in the interstitial water in TSF3 and a US$3.2M impairment of finished goods due to low uranium prices. The impairment of LHM ore stockpiles resulted from a change in LHM's life of mine plan and lower forecast uranium prices. Net loss after tax attributable to members of the Parent for 2016 of US$46.0M (2015: Net loss US$24.2M). Underlying EBITDA has deteriorated by US$11.3M for the period from an underlying EBITDA of US$17.0M for 2015 to US$5.7M for 2016. The Group's principal source of liquidity as at 31 December 2016, was cash of US$26.7M (30 June 2016: US$59.2M). Any cash available to be invested is held with Australian banks with a minimum AA- Standard & Poor's credit rating over a range of maturities. Of this, US$20.9M is held in US dollars. Cash outflow from operating activities was US$40.9M in 2016 (2015: outflow US$2.9M), primarily due to payments to suppliers and employees of US$76.5M and net interest paid of US$14.0M, which were partially offset by receipts from customers of US$50.0M. Cash outflow from investing activities for 2016 was US$1.3M (2015: US$5.3M): Cash inflow from financing activities was US$9.6M in 2016 (2015: outflow US$38.0M), was attributable to the drawdown of US$20M under the LHM secured Revolving Credit Facility, which was partially offset by a US$10.4M distribution to CNNC by way of repayment of intercompany loans owing by LHM that have been assigned to CNNC. At 31 December 2016, the Group's cash and cash equivalents were US$26.7M, which was within the guidance range previously provided of US$20M to US$30M. The documents comprising the condensed consolidated interim financial report for the half-year reporting period ended 31 December 2016, including Management Discussion and Analysis, Financial Statements and Certifications will be filed with the Company's other documents on Sedar (sedar.com) and on the Company's website (paladinenergy.com.au). The TradeTech weekly spot price average for 2016 was US$22.63/lb, a fall of 38% compared to the weekly spot average for 2015 average of US$36.26. TradeTech's end-November spot price of US$17.75/lb was the lowest level observed since May 2004. Uranium spot prices increased in late-December 2016 and, following KazAtomProm's announcement of a 10% cut in planned 2017 uranium production, improved further in early January 2017. The spot price currently stands around US$26.50/lb. Increased term market activity has been seen since December 2016 and improved demand levels are expected to continue into 2017. Mixed signals continue to be seen in the US market. The election of Donald Trump to the US Presidency is anticipated to be positive for nuclear power and the approval of the Future Energy Jobs Bill in Illinois in December 2016 will allow Exelon's Clinton and Quad Cities nuclear power plants to continue operating. On the other hand, the past 2 months have seen early closure announcements for Entergy's Palisades and Indian Point facilities and speculation that First Energy Corp could try to sell or close the Davis-Besse plant. In the UK, January saw the award of further contracts for the construction of the Hinkley Point C nuclear power plant. French contractor Bouygues SA will work with UK builder Laing O'Rourke on a US$1.8Bn contract to construct the buildings that will house the two reactors. Meanwhile, EdF anticipates French nuclear availability to return to normal levels in early 2017 as 11 out of the 12 reactors offline for safety evaluation are expected to return to service. Kyushu's Sendai 1 was returned to service in December 2016 after completing its first periodic inspection since re-start in August 2015. Sendai 2 was taken out of service for periodic inspection in December and is expected to be back online in late-February 2017. Japan's Nuclear Regulation Authority cleared Kyushu's Genkai 1 & 2 reactors for restart and also approved a life extension for Kansai's Mihama 3 in late-2016. The Genkai reactors are targeted to return to service during 2017. Paladin believes a uranium industry turnaround is imminent. However, given the current low pricing environment, its current strategies are focused on optimising actions to maximise cash flow whilst also prudently enacting capital management actions. Paladin's strategies are aimed at maximising shareholder value through the uranium price downturn whilst remaining positioned for a future normalisation of the uranium market and price. Key elements of the Company's strategy include: LHM's adjusted Life of Mine plan (LOM) was implemented in November 2016, which involves reducing mining material movement combined with processing plant feed coming from stockpiled low and medium grade ores. The revised mine plan effectively shifts higher-grade ore processing into later years when uranium prices are expected to be higher. The FY2017 average feed grade will be reduced into the range of 550ppm to 570ppm vs our previous internal Company budget of 700ppm. The impact of the change will reduce finished U O production by up to 1.0Mlb to 1.5Mlb per year for each of the next two years. However, the requirement for less movement of mined material on site during the period reduces cash operating costs by well in excess of any lost revenue. Using Paladin's internal assumptions the initiative will generate approximately US$40M of cumulative incremental operating cash flow for FY2017 and FY2018. Key relevant guidance items for the quarter to 31 March 2017 include: Due to the successful first half to 31 December 2016, Paladin has revised certain items in its guidance for the full-year to 30 June 2017, including: Other full-year guidance items to remain unchanged at this time. However, 'all in' cash expenditure guidance may be subsequently revised downwards depending on the progress of the Proposed Restructure and update to the Company's internal financial forecast subsequently. The news release includes non-GAAP performance measures: C1 cost of production, EBITDA, non-cash costs as well as other income and expenses. The Company believes that, in addition to the conventional measures prepared in accordance with GAAP, the Company and certain investors use this information to evaluate the Company's performance and ability to generate cash flow. The additional information provided herein should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The information in this announcement that relates to minerals exploration and mineral resources is based on information compiled by David Princep BSc, P.Geo FAusIMM (CP) who has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). and as a Qualified Person as defined in NI 43-101. Mr Princep is a full-time employee of Paladin Energy Ltd. Mr. Princep consents to the inclusion of the information in this announcement in the form and context in which it appears. Conference Call and Investor Update is scheduled for 07:30 Perth & Hong Kong, Wednesday 15 February 2017; 23:30 London, Tuesday 14 February 2017 and 18:30 Toronto, Tuesday 14 February 2017. Details are included in a separate news release dated 3 February 2017. The documents comprising the Conference Call and Investor Update will be filed with the Company's other documents on Sedar (sedar.com) and on the Company's website (paladinenergy.com.au). 1 LHM production volumes and unit C1 cost of production include an adjustment to in-circuit inventory relating to leached uranium within process circuit. 2 C1 cost of production = cost of production excluding product distribution costs, sales royalties and depreciation and amortisation before adjustment for impairment. C1 cost, which is non-IFRS information, is a widely used 'industry standard' term. 3 EBITDA = The Company's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) represents profit before finance costs, taxation, depreciation and amortisation, impairments, foreign exchange gains/losses, restructure costs and other income. EBITDA, which is non-IFRS information, is a widely used 'industry standard' term. 4 Underlying All-In Cash Expenditure = total cash cost of production plus non-production costs, capital expenditure, KM care & maintenance expenses, corporate costs, exploration costs and debt servicing costs and mandatory repayments, excluding one-off restructuring and non-recurring costs. Underlying All-In Cash Expenditure, which is a non-IFRS measure, is widely used in the mining industry as a benchmark to reflect operating performance. 5 All frequency rates are per million personnel hours.


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

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Western Areas Ltd (ASX:WSA) ("Western Areas" or the "Company") today announces the Company's financial results for the half year ended 31 December 2016 ("1HFY17") and an upgrade to certain guidance metrics for the financial year (FY17). The Company is pleased to report a return to profitability, strong free cashflow generation, EBITDA improvement of 58% over the prior corresponding half and a debt free balance sheet with A$103.8m cash at bank. Furthermore, FY17 guidance metrics for mine production, mill production and unit cash cost of production have all been materially improved following a strong first half performance. The first half included a number of achievements and milestones that assisted with the significantly improved financial results and will underpin the future of the Company. These included ZERO lost time injuries, an increase in the realised nickel price, mine grade performance above plan, record Spotted Quoll nickel output, improved offtake terms for the next three years and early encouragement from exploration activities at Cosmos. Western Areas notes that post 31 December 2016, there has been significant volatility in the nickel price following geo-political decisions in Indonesia and the Philippines. We do not expect the issues surrounding the differing positions of these countries to resolve in the very short term, but do expect to see clarity in the coming months. We are however encouraged by other fundamentals such as the continuing growth in production of 300 series stainless steel in China which contains the highest contribution of nickel and the growing battery market which also requires nickel as a key input. A fall in the January 2017 average nickel price, from the December 2016 price, resulted in NPAT being impacted by A$2.9m due to a quotational price (QP) adjustment. The nickel price was adversely affected following the Indonesian announcement of the relaxation of its nickel ore export ban. Given the recent volatility of the nickel price, the Company has elected not to pay an interim dividend for the half year, however is positively disposed to reinstating a dividend payment at financial year end should the nickel price consolidate around current levels. Western Areas Managing Director, Dan Lougher, said that the Company welcomed the nickel price improvement compared to the prior corresponding period, but it was the delivery of significant EBITDA improvements and mine performance metrics that were most pleasing. "Western Areas set in place a management plan for FY17 with a view to maintaining a strong financial position and priority given to maximising cash generation rather than raw production volume. Successful implementation of this plan in the first half has resulted in A$28.1m free cashflow generated post all capital expenditure, tax, royalties and corporate costs," said Mr Lougher. "Despite 1HFY17 nickel sales being 1,077 nickel tonnes lower than 1HFY16 (but ahead of guidance), the Company generated a further A$10.7m in EBITDA which in part is a reflection of the improved nickel price but also dedicated cost management." "All of this has been achieved by our workforce which has not wavered or been distracted by the external challenges. The Company has now operated without a LTI for 1,057 days and we continue to innovate in areas such as blasting techniques, nickel sulphate marketing potential and industry leading nickel offtake contracts." "The Company took decisive action in August 2016 when announcing the deferral of capital expenditure and some exploration activities into the first half of FY17. Following this period of consolidation, we have now re-commenced normal development activities at both mines in line with plan." "With over A$100m in cash at bank and no debt, I believe the Company is exceptionally placed to weather external policy changes and nickel price volatility. Importantly the second half will see the impact of much improved offtake terms, further exploration results at Cosmos and the completion of the pre-feasibility study at Odysseus," said Mr Lougher. Western Areas is pleased to upgrade certain guidance metrics for FY17. A number of improvement projects were implemented at the beginning of the year to achieve the strong first half improvements in grade (particularly at Spotted Quoll) and ore recovery compared to original forecasts. The Company also delivered higher ore grades than Reserve which had a flow on impact into mill production and unit cash costs. As part of the original FY17 guidance Western Areas detailed a number of capital expenditure management initiatives which were implemented successfully. Of note is that the main deferral item, being vertical development at Spotted Quoll, has now re-commenced at a normal run rate as of 1 January 2017. At this point in time the Company believes capital expenditure and exploration costs will be in line with guidance, however we remain flexible to increase the exploration spend based on success, given the robust balance sheet. Furthermore, with the expected release of the Odysseus PFS this quarter, should a definitive feasibility study be approved by the Board, this will be a small addition to the capital expenditure guidance, but will be detailed in any subsequent announcements. This release contains certain forward-looking statements including nickel production targets. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "continue", and "guidance", or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production and expected costs. Examples of forward looking statements used in this report include: "the second half will see the impact of much improved offtake terms, further exploration results at Cosmos and the completion of the pre-feasibility study at Odysseus". These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. This announcement does not include reference to all available information on the Company and should not be used in isolation as a basis to invest in Western Areas. Any potential investors should refer to Western Area's other public releases and statutory reports and consult their professional advisers before considering investing in the Company.


News Article | March 2, 2017
Site: www.prweb.com

A research team at Worcester Polytechnic Institute (WPI) hopes to give hand-wrist prostheses the ability to move more naturally by enabling a hand and wrist to work simultaneously—known as two degrees of freedom—using electrical impulses generated by remnant muscles in the forearm. With traditional prostheses, only one element—either the hand or the wrist—can be in motion at any one time. In part, the research is aimed at providing better prosthesis options for returning soldiers with amputations of the hand and wrist who have found it either difficult or impossible to perform a wide range of daily tasks with current one-degree-of-freedom hand-wrist prostheses. The research is being done by co-principal investigators Edward Clancy and Xinming Huang, both professors of electrical and computer engineering at WPI. Their work is funded by a two-year subaward of $712,812 from Liberating Technologies Inc. (LTI) of Holliston, Mass., a leading supplier of upper-limb prosthetic devices for adults and children. The National Institutes of Health has given LTI a $1.4 million grant to help solve these problems. The researchers say their goal is to make it possible for hand-wrist prostheses to more closely duplicate the natural synchronized action of the human hand and wrist. When reaching for a glass of water, for example, the wrist turns to align the hand while fingers spread to encircle the glass. For an upper-limb amputee using existing prostheses, that simple action is far more cumbersome. Watch a video here. Clancy, director of WPI’s Laboratory for Sensory and Physiologic Signal Processing, is responsible for system design and developing advanced control algorithms for device operation, while Huang works on instrumentation and signal processing. They are conducting the research at both WPI and LTI. The work is currently focused on how to translate signals picked up from muscle activity in the forearm into appropriate movements of the hand and wrist prostheses. They began by collecting data from 64 or more electrodes, but recognizing that a device with that many inputs could be burdensome or impractical, they are attempting to achieve the same effect with as few as four electrodes while also improving functionality. “We want to be able to control two degrees of freedom while making instrumentation that is really tiny and easy to apply,” Clancy said. The researchers are also developing new algorithms and methods to help select the optimal locations for the four electrodes. Those algorithms will be embedded into a microprocessor within a prototype prosthesis. The next step will be to develop a more convenient and robust multielectrode clinical prosthesis fitting system that will determine the optimal electrode locations and convert muscle activity into the movement of motors in the prosthesis hand and wrist components. They will also seek to wirelessly connect the electrodes using embedded low-power integrated circuits and rechargeable batteries. The outcome of this research will provide more functional, convenient, and robust prosthesis options for patients with upper limb amputation injuries. Clancy said potential users include those born without hands and individuals who have had traumatic amputations as result of gunshot wounds or car accidents. He also said there has been growing research to support returning war veterans with amputations. “While this field is relatively small, there has been an increased research effort in recent years, particularly in response to providing better prosthesis options for soldiers returning from Iraq and Afghanistan with upper limb amputation injuries,” he said. Todd Farrell, director of research for LTI, said the research has promise. “This research is really exciting,” said Farrell. “If the technology is proved out, it would be a substantial improvement over the current state of the art. It would improve the speed and ease for amputees to perform a number of tasks.” Founded in 1865 in Worcester, Mass., WPI is one of the nation’s first engineering and technology universities. Its 14 academic departments offer more than 50 undergraduate and graduate degree programs in science, engineering, technology, business, the social sciences, and the humanities and arts, leading to bachelor’s, master’s and doctoral degrees. WPI's talented faculty work with students on interdisciplinary research that seeks solutions to important and socially relevant problems in fields as diverse as the life sciences and bioengineering, energy, information security, materials processing, and robotics. Students also have the opportunity to make a difference to communities and organizations around the world through the university's innovative Global Projects Program. There are more than 40 WPI project centers throughout the Americas, Africa, Asia-Pacific, and Europe.


Receive press releases from Laboratory Testing Inc.: By Email Third-Generation Family Member Named Director of Operations at Laboratory Testing Inc. A new position at Laboratory Testing Inc. called Director of Operations will be filled by Brandon McVaugh, a third-generation member of the family business. He will oversee the Destructive Testing, Non-Destructive Testing and Metrology Departments. Philadelphia, PA, March 01, 2017 --( The production departments at Laboratory Testing Inc. provide the full range of testing and inspection services required to service varied industries, including aerospace, defense, power generation, medical and others. The Lab also has the accreditations, certifications, quality system and approvals to meet the requirements of these customers, including NADCAP and A2LA accreditation, ISO/IEC 17025 certification, a quality program in compliance with ISO 9001 and ISO 13485, PED approval and more. As a grandson of the founder of LTI, Robert W. McVaugh, Sr., Brandon began working for the family business at a fairly young age. He worked in the company's Machine Shop and Nondestructive Testing Department while still in school. After earning a bachelor's degree in business from Delaware Valley College, he spent the next five years as an employee of The Vanguard Group in Valley Forge, PA. He returned to LTI in January 2010 filling a new position for the company, Customer Service Supervisor. Brandon next served as Assistant Manager of the Destructive Testing Department, beginning in August 2012. He was promoted to Manager in mid-2013 and continued to work closely with the previous long-term Destructive Testing Manager until he retired in late 2015. During these last few years in Destructive Testing, Brandon oversaw staffing, training, order processing, budgeting, quality control and turnaround in both Mechanical Testing and the Machine Shop. Mike McVaugh, CEO and President of LTI, said, “Brandon helped grow both sales and profits, introduced more rigorous quantitative decision-making and implemented both significant process improvements and capacity expansion efforts. I am confident that Brandon will help to usher in a new era in the strategic, operational, and cultural evolution of LTI.” About Laboratory Testing Inc. -- Laboratory Testing Inc. (LTI) of Hatfield, PA is an independent materials testing and metrology laboratory in business since 1984. The range of services offered by LTI includes mechanical testing, metallurgical testing, chemical analysis, corrosion testing, nondestructive testing, specimen machining, failure analysis, dimensional inspection and calibration services with results documented in a Certified Test Report or Calibration Certificate. The laboratory specializes in metal and polymer testing, but also analyzes powdered metals, ores, ferroalloys, composites and ceramics. LTI holds PRI/Nadcap accreditations in materials and nondestructive testing, and A2LA accreditations to ANS/ISO/IEC 17025 in materials testing, dimensional inspection and calibration services, which complies with ISO 9001 and ISO 13485. Test specimens are machined on-site and material investigations are conducted to determine the root cause of material failures. LTI Metrology, a division of Laboratory Testing Inc., provides dimensional inspection and NIST-traceable calibration services for measuring hand tools, masters and a wide-range of measuring instruments and equipment. On-site calibration, repairs, new instruments and replacement parts are offered. Information on Laboratory Testing Inc. services and accreditations is available at www.labtesting.com, sales@labtesting.com or 800-784-2882. Philadelphia, PA, March 01, 2017 --( PR.com )-- Brandon McVaugh has been named to the newly created position, Director of Operations, at Laboratory Testing Inc. This executive-level position will oversee the company’s three main lines of business: Destructive Testing, Non-Destructive Testing and Metrology. In his new role, Brandon will be responsible for managing the test and inspection operations of these departments in order to achieve LTI’s short-term and long-term performance goals for profitability, productivity, quality and safety.The production departments at Laboratory Testing Inc. provide the full range of testing and inspection services required to service varied industries, including aerospace, defense, power generation, medical and others. The Lab also has the accreditations, certifications, quality system and approvals to meet the requirements of these customers, including NADCAP and A2LA accreditation, ISO/IEC 17025 certification, a quality program in compliance with ISO 9001 and ISO 13485, PED approval and more.As a grandson of the founder of LTI, Robert W. McVaugh, Sr., Brandon began working for the family business at a fairly young age. He worked in the company's Machine Shop and Nondestructive Testing Department while still in school. After earning a bachelor's degree in business from Delaware Valley College, he spent the next five years as an employee of The Vanguard Group in Valley Forge, PA. He returned to LTI in January 2010 filling a new position for the company, Customer Service Supervisor.Brandon next served as Assistant Manager of the Destructive Testing Department, beginning in August 2012. He was promoted to Manager in mid-2013 and continued to work closely with the previous long-term Destructive Testing Manager until he retired in late 2015. During these last few years in Destructive Testing, Brandon oversaw staffing, training, order processing, budgeting, quality control and turnaround in both Mechanical Testing and the Machine Shop. Mike McVaugh, CEO and President of LTI, said, “Brandon helped grow both sales and profits, introduced more rigorous quantitative decision-making and implemented both significant process improvements and capacity expansion efforts. I am confident that Brandon will help to usher in a new era in the strategic, operational, and cultural evolution of LTI.”About Laboratory Testing Inc. -- Laboratory Testing Inc. (LTI) of Hatfield, PA is an independent materials testing and metrology laboratory in business since 1984. The range of services offered by LTI includes mechanical testing, metallurgical testing, chemical analysis, corrosion testing, nondestructive testing, specimen machining, failure analysis, dimensional inspection and calibration services with results documented in a Certified Test Report or Calibration Certificate. The laboratory specializes in metal and polymer testing, but also analyzes powdered metals, ores, ferroalloys, composites and ceramics. LTI holds PRI/Nadcap accreditations in materials and nondestructive testing, and A2LA accreditations to ANS/ISO/IEC 17025 in materials testing, dimensional inspection and calibration services, which complies with ISO 9001 and ISO 13485. Test specimens are machined on-site and material investigations are conducted to determine the root cause of material failures. LTI Metrology, a division of Laboratory Testing Inc., provides dimensional inspection and NIST-traceable calibration services for measuring hand tools, masters and a wide-range of measuring instruments and equipment. On-site calibration, repairs, new instruments and replacement parts are offered. Information on Laboratory Testing Inc. services and accreditations is available at www.labtesting.com, sales@labtesting.com or 800-784-2882. Click here to view the list of recent Press Releases from Laboratory Testing Inc.


News Article | March 1, 2017
Site: www.24-7pressrelease.com

PHILADELPHIA, PA, March 01, 2017 /24-7PressRelease/ -- Brandon McVaugh has been named to the newly created position, Director of Operations, at Laboratory Testing Inc. This executive-level position will oversee the company's three main lines of business: Destructive Testing, Non-Destructive Testing and Metrology. In his new role, Brandon will be responsible for managing the test and inspection operations of these departments in order to achieve LTI's short-term and long-term performance goals for profitability, productivity, quality and safety. The production departments at Laboratory Testing Inc. provide the full range of testing and inspection services required to service varied industries, including aerospace, defense, power generation, medical and others. The Lab also has the accreditations, certifications, quality system and approvals to meet the requirements of these customers, including NADCAP and A2LA accreditation, ISO/IEC 17025 certification, a quality program in compliance with ISO 9001 and ISO 13485, PED approval and more. As a grandson of the founder of LTI, Robert W. McVaugh, Sr., Brandon began working for the family business at a fairly young age. He worked in the company's Machine Shop and Nondestructive Testing Department while still in school. After earning a bachelor's degree in business from Delaware Valley College, he spent the next five years as an employee of The Vanguard Group in Valley Forge, PA. He returned to LTI in January 2010 filling a new position for the company, Customer Service Supervisor. Brandon next served as Assistant Manager of the Destructive Testing Department, beginning in August 2012. He was promoted to Manager in mid-2013 and continued to work closely with the previous long-term Destructive Testing Manager until he retired in late 2015. During these last few years in Destructive Testing, Brandon oversaw staffing, training, order processing, budgeting, quality control and turnaround in both Mechanical Testing and the Machine Shop. Mike McVaugh, CEO and President of LTI, said, "Brandon helped grow both sales and profits, introduced more rigorous quantitative decision-making and implemented both significant process improvements and capacity expansion efforts. I am confident that Brandon will help to usher in a new era in the strategic, operational, and cultural evolution of LTI." ABOUT Laboratory Testing Inc. -- Laboratory Testing Inc. (LTI) of Hatfield, PA is an independent materials testing and metrology laboratory in business since 1984. The range of services offered by LTI includes mechanical testing, metallurgical testing, chemical analysis, corrosion testing, nondestructive testing, specimen machining, failure analysis, dimensional inspection and calibration services with results documented in a Certified Test Report or Calibration Certificate. The laboratory specializes in metal and polymer testing, but also analyzes powdered metals, ores, ferroalloys, composites and ceramics. LTI holds PRI/Nadcap accreditations in materials and nondestructive testing, and A2LA accreditations to ANS/ISO/IEC 17025 in materials testing, dimensional inspection and calibration services, which complies with ISO 9001 and ISO 13485. Test specimens are machined on-site and material investigations are conducted to determine the root cause of material failures. LTI Metrology, a division of Laboratory Testing Inc., provides dimensional inspection and NIST-traceable calibration services for measuring hand tools, masters and a wide-range of measuring instruments and equipment. On-site calibration, repairs, new instruments and replacement parts are offered. Information on Laboratory Testing Inc. services and accreditations is available at http://www.labtesting.com, sales@labtesting.com or 800-784-2882.


News Article | February 23, 2017
Site: globenewswire.com

LONGUEUIL, Québec, Feb. 23, 2017 (GLOBE NEWSWIRE) -- Stornoway Diamond Corporation (TSX:SWY) (the “Corporation” or “Stornoway”) is pleased to announce financial and operating results for the twelve months ended December 31, 2016. Year Ended December 31, 2016 Highlights: (All quoted figures in CAD$, unless otherwise noted) Matt Manson, President and CEO commented: “Stornoway’s FY2016 results confirm the final completion of the Renard Mine well below our original budget estimates and ahead of schedule. With the capital period now over and the attainment of commercial production, we are continuing our processing ramp-up and steadily increasing the volume of goods offered at our diamond sales. Two additional tenders have now been completed subsequent to the year end, and while pricing continues to be impacted by Indian market conditions and our diamond recovery profile, we are seeing improvements in the market for the lower quality items and strong premiums in larger, higher quality goods. Stornoway will complete one additional sale prior to the end of the current quarter.” Matt Manson continued: “Our successful project build and earlier operational start-up has contributed to a greatly strengthened balance sheet compared to what was contemplated in our original July 2014 project financing plan. With $165 million of total liquidity at year-end, including $100 million of undrawn senior debt, and our sales proceeding, we are in a strong position as we start 2017.” Stornoway ended the year with cash, cash equivalents and short-term investments of $86.0 million, compared with $150.9 million at the end of the previous quarter. All payment deposits under Stornoway’s streaming agreement with Orion Mine Finance, the Caisse de dépôt et placement du Québec and Blackstone Tactical Opportunities had been received at the end of the first quarter 2016. No draw has been made under Stornoway’s $100 million senior secured loan from Investissement Quebec, which remains available to the Corporation. As of December 31, 2016 and the completion of project construction, total financial liquidity stood at $165 million comprised of cash, undrawn debt facilities, receivables and expected mine tax credits net of payables. This calculation excludes an additional $48 million of available cost overrun facilities terminated subsequent to year-end. Capital expenditures incurred during year were of $278.2 million with capital expenditures to date of $772.5 million having been incurred and committed against the total project cost. This cost estimate excludes any credit from pre-production revenue derived from the sale of diamonds in November, 2016. Net income for the year ended December 31, 2016 (“Current Period”) of $19.6 million increased compared to a $3.7 million net loss during the eight months ended December 31, 2015 (“Comparative Period”) is in large part due to a change of $46.4 million deferred tax asset recorded in the fourth quarter of 2016. Net income per share for the current year was $0.03 per share basic and diluted. (Comparative Period – income of $Nil per share for both basic and fully diluted). Declaration of Commercial Production and Completion of Construction Commercial Production at Renard is defined as an average processing rate of 60% of plant name-plate capacity over a 30 day period. This was achieved on December 3, 2016, with an average processing rate of 4,120 tonnes per day over the preceding 30 day period compared to a name-plate capacity of 6,000 tonnes per day. Stornoway formally declared commercial production on the first day of the month following the month in which it is achieved, which was January 1, 2017. The company expects to continue the ramp-up of the process plant to full production over the next two quarters. The attainment of Commercial Production marked the end of the project’s initial capital expense period. Total project costs at December 31, 2016 totalled $771.2 million, or 99% of budget. $2.8 million of costs related principally to the fresh air raise for the underground mine will be incurred in 2017, giving a final cost to complete estimate of $774 million, $37 million below the initial capital budget established in July 2014. Three lost time incidents (“LTI”) were recorded during the quarter. The project lost time incident (“LTI”) rate for FY2016 was 1.5 for Stornoway employees, and 1.7 for contractors. The project-to-date LTI rate stands at 0.9 for Stornoway employees and 1.8 for contractors. No incidences of environmental non-compliance were recorded during the quarter and year to date. Two incidences of non-compliance have been recorded during the project to date. Daily manpower at site in December averaged 278 workers, of which 19.1% were Crees of the Eeyou Istchee. Stornoway employees stood at 429 as at December 31, 2016, including 379 from the on-site development team, of which 16% were Crees, 24% were from Chibougamau and Chapais, and 60% were from outside the region. For the year ended December 31, 2016, Stornoway extracted a total of 7,840,130 tonnes of ore, waste and overburden from the Renard 2- Renard 3 and Renard 65 open pits, compared to a plan of 6,339,501 tonnes (+24%). 2,074,827 tonnes of ore were mined compared to a plan of 879,641 tonnes (+136%). At year end, a total of 1,842,068 tonnes of ore have been delivered to the stockpile compared to a plan of 735,898 tonnes (+150%), excluding an additional 63,243 tonnes of non-resource Renard 3 material. During 2016 2,729 meters of development was completed in the underground mine, compared to a plan of 2,768 meters (-1%). At year-end total development in the underground mine stood at 3,616 meters, or 99% of the plan. There has been no recurrence of the water inflow issues that slowed ramp development towards the end of 2015. The Renard 2 kimberlite was intersected at the 160 meter level on December 4, 2016 and by year end 117 meters of development within ore had been completed in good ground conditions. Ore processing commenced on July 15, 2016. By year-end, a total of 399,162 tonnes of ore had been processed with carat production of 448,887 carats, compared to a plan of 218,400 carats (+106%). The attributable grade was 112 cpht compared to a plan of 97 cpht (+15%). The higher tonnage of ore processed was due to the earlier than expected availability of the plant, and the higher grade was due to a better than expected mix of ore units available in the Renard 2-3 open pit. Stornoway’s first diamond sale occurred between November 14 -23, 2016 in Antwerp, Belgium. In total, 38,913 carats were sold at an average price of US$195 per carat, for proceeds of $10.2 million (US$7.6 million). The diamonds sold in this first sale represent a portion of our production recovered during the initial commissioning and ramp-up of the Renard project during August and September 2016. Recent events in India surrounding demonetization impacted pricing and demand for certain smaller and lower quality items, as a result, a quantity of these were withdrawn from the sale. Because of this, and because of a higher than expected proportion of small diamonds recovered during the ramp-up period attributable, in part, to plant-induced diamond breakage, the result of this first sale cannot be taken as representative of the longer term pricing profile of the project. Two additional tender sales of Renard diamonds have occurred subsequent to the year end, with a third scheduled prior to the end of the first quarter of 2017. At December 31, 2016, Proven and Probable Mineral Reserves for the Renard Diamond Mine were 33 million tonnes at a grade of 67 carats per hundred tonnes (“cpht”) for 21.95 million attributable carats. Exclusive of Mineral Reserves, the Renard Diamond Mine includes an additional Indicated Mineral Resource of 2.9 million carats (6.3 million tonnes at 46 cpht), Inferred Mineral Resources of 13.3 million carats (24.5 million tonnes at 54 cpht) and 33.0 million to 71.1 million carats of non-resource exploration upside (76.2 million to 113.2 million tonnes at grades ranging from 25 to 168 cpht) [1]. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Readers are cautioned that the potential quantity and grade of any exploration target is conceptual in nature, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. [1] Indicated Mineral Resources have been adjusted by an additional 2.9 million tonnes of ore and 2 million carats previously excluded from the indicated Mineral Resources cited in the February 6, 2017 Press Release of the Corporation. Stornoway conducts exploration programs on 100% owned generative Canadian diamond projects, and maintains a number of non-material, grass-roots exploration properties, including the Adamantin project in Quebec. The Adamantin property comprises 28,169 hectares of claims in three blocks, located approximately 100 km south of the Renard Diamond Mine and 25 km west of the Route 167 Extension road. Indicator mineral till sampling during 2015 identified promising results, including a diamond in the +0.25mm-0.50mm size fraction. An initial exploratory drill program in March and April of 2016 discovered 11 discrete kimberlite bodies at Adamantin. No diamonds were recovered from available kimberlite material, and unsourced indicator mineral anomalies remain on the property. Further till sampling and geophysical surveys undertaken in 2016, have identified additional targets of interest. In January 2017, Stornoway’s board of directors approved a 2017 budget allocation of up to $2.0 million at the Adamantin Project, including additional drilling. This work will commence in March 2017. Subsequent to the year-end, on February 16, 2017, the Corporation completed a property purchase agreement with North Arrow under which North Arrow has acquired the Corporation’s remaining interests in the Qilalugaq and Pikoo Diamond Projects in exchange of 2,000,000 common shares of North Arrow. As additional consideration, the Corporation will receive 0.5% and 1.0% gross overriding royalties on diamonds and 0.5% and 1.0% net smelter returns royalties on base and precious royalties mine from the Qilalugaq and Pikoo Projects, respectively. North Arrow will also make a $2.5 million and a $1.25 million cash payment to the Corporation at the same time that first royalties payments relating to the Qilalugaq and Pikoo projects, respectively, are payable. The Renard Diamond Mine is Quebec’s first producing diamond mine and Canada’s sixth. It is located approximately 250 km north of the Cree community of Mistissini and 350 km north of Chibougamau in the James Bay region of north-central Québec. Construction on the project commenced on July 10, 2014, and commercial production was declared on January 1, 2017. Average annual diamond production is forecast at 1.8 million carats per annum over the first 10 years of mining. Readers are referred to the technical report dated January 11, 2016, in respect of the September 2015 Mineral Resource estimate, and the technical report dated March 30, 2016, in respect of the March 2016 Updated Mine Plan and Mineral Reserve Estimate for further details and assumptions relating to the project. Disclosure of a scientific or technical nature in this press release was prepared under the supervision of M. Patrick Godin, P.Eng. (Québec), Chief Operating Officer, and Mr. David Farrow, Pr.Sci.Nat (South Africa) and P.Geo. (BC), Vice President Diamonds, both “qualified persons” under NI 43-101. Stornoway is a leading Canadian diamond exploration and development company listed on the Toronto Stock Exchange under the symbol SWY and headquartered in Montreal. Our flagship asset is the 100% owned Renard Diamond Project, Québec’s first diamond mine. Stornoway is a growth oriented company with a world-class asset, in one of the world’s best mining jurisdictions, in one of the world’s great mining businesses. On behalf of the Board STORNOWAY DIAMOND CORPORATION /s/ “Matt Manson” Matt Manson President and Chief Executive For more information, please contact Matt Manson (President and CEO) at 416-304-1026 x2101 or Orin Baranowsky (Vice President, Investor Relations and Corporate Development) at 416-304-1026 x2103 or toll free at 1-877-331-2232 This press release contains "forward-looking information" within the meaning of Canadian securities legislation. This information and these statements, referred to herein as “forward-looking statements”, are made as of the date of this press release and the Corporation does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. These forward-looking statements include, among others, statements with respect to Stornoway’s objectives for the ensuing year, our medium and long-term goals, and strategies to achieve those objectives and goals, as well as statements with respect to our beliefs, plans, objectives, expectations, anticipations, estimates and intentions. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking statements relate to future events or future performance and reflect current expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the amount of Mineral Reserves, Mineral Resources and exploration targets; (ii) the amount of future production over any period; (iii) net present value and internal rates of return of the mining operation; (iv) assumptions relating to recovered grade, size distribution and quality of diamonds, average ore recovery, internal dilution, mining dilution and other mining parameters set out in the 2016 Technical Report as well as levels of diamond breakage;  (v) assumptions relating to gross revenues, operating cash flow and other revenue metrics set out in the 2016 Technical Report; (vi) mine expansion potential and expected mine life; (vii) expected time frames for completion of  permitting and regulatory approvals related to ongoing  construction activities at the Renard Diamond Mine; (viii)  the expected time frames for the completion of the open pit and underground mine at the Renard Diamond Mine; (ix) the expected time frames for the ramp-up and achievement of plant nameplate capacity of the Renard Diamond Mine (x) the expected  financial obligations or costs incurred by Stornoway in connection with the ongoing development of the Renard Diamond Mine; (xi) future exploration plans; (xii) future market prices for rough diamonds; (xiii) the economic benefits of using liquefied natural gas rather than diesel for power generation; (xiv) sources of and anticipated financing requirements; (xv) the effectiveness, funding or availability, as the case may require, of the Senior Secured Loan and the remaining Equipment Facility and the use of proceeds therefrom; (xvi) the Corporation’s ability to meet its Subject Diamonds Interest delivery obligations under the Purchase and Sale Agreement; (xvii) the impact of the Financing Transactions on the Corporation’s operations, infrastructure, opportunities, financial condition, access to capital and overall strategy; (xviii) the foreign exchange rate between the US dollar and the Canadian dollar; and (xix) the availability of excess funding for the operation of the Renard Diamond Mine. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “schedule” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are made based upon certain assumptions by Stornoway or its consultants and other important factors that, if untrue, could cause the actual results, performances or achievements of Stornoway to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business prospects and strategies and the environment in which Stornoway will operate in the future, including the recovered grade, size distribution and quality of diamonds, average ore recovery, internal dilution, and levels of diamond breakage, the price of diamonds, anticipated costs and Stornoway’s ability to achieve its goals, anticipated financial performance, regulatory developments, development plans, exploration, development and mining activities and commitments, and the foreign exchange rate between the US and Canadian dollars. Although management considers its assumptions on such matters to be reasonable based on information currently available to it, they may prove to be incorrect. Certain important assumptions by Stornoway or its consultants in making forward-looking statements include, but are not limited to: (i) required capital investment and estimated workforce requirements; (ii) estimates of net present value and internal rates of return; (iii) recovered grade, size distribution and quality of diamonds, average ore recovery, internal dilution, mining dilution and other mining parameters set out in the 2016 Technical Report as well as levels of diamond breakage, (iv) receipt of regulatory approvals on acceptable terms within commonly experienced time frames; (v) anticipated timelines for ramp-up and achievement of nameplate capacity at the Renard Diamond Mine, (vi) anticipated timelines for the development of an open pit and underground mine at the Renard Diamond Mine;‎ (vii) anticipated geological formations; (viii) market prices for rough diamonds and their potential impact on the Renard Diamond Mine; (ix) the satisfaction or waiver of all conditions under the Senior Secured Loan and the remaining Equipment Facility to allow the Corporation to draw on the funding available under those financing elements; (x) Stornoway’s interpretation of the geological drill data collected and its potential impact on stated Mineral Resources and mine life; (xi) future exploration plans and objectives; (xii) the Corporation’s ability to meet its Subject Diamonds Interest delivery obligations under the Purchase and Sale Agreement; and (xiii) the continued strength of the US dollar against the Canadian dollar. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution readers not to place undue reliance on these forward- looking statements as a number of important risk factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur, including the assumption in many forward-looking statements that other forward-looking statements will be correct, but specifically include, without limitation: (i) risks relating to variations in the grade, size distribution and quality of diamonds, kimberlite lithologies and country rock content within the material identified as Mineral Resources from that predicted; (ii) variations in rates of recovery and diamond breakage; (iii) the uncertainty as to whether further exploration of exploration targets will result in the targets being delineated as Mineral Resources; (iv) developments in world diamond markets; (v) slower increases in diamond valuations than assumed; (vi) risks relating to fluctuations in the Canadian dollar and other currencies relative to the US dollar; (vii) increases in the costs of proposed capital, operating and sustainable capital expenditures; (viii) increases in financing costs or adverse changes to the terms of available financing, if any; (ix) tax rates or royalties being greater than assumed; (x) uncertainty of results of exploration in areas of potential expansion of resources; (xi) changes in development or mining plans due to changes in other factors or exploration results; (xii)  risks relating to the receipt of regulatory approvals or the implementation of the existing Impact and Benefits Agreement with aboriginal communities; (xiii) the effects of competition in the markets in which Stornoway operates; (xiv) operational and infrastructure risks; (xv) execution risk relating to the development of an operating mine at the Renard Diamond Mine; (xvi) failure to satisfy the conditions to the funding or availability, as the case may require, of the Senior Secured Loan and the Equipment Facility; (xvii) changes in the terms of the Forward Sale of Diamonds, the Senior Secured Loan or the Equipment Facility; (xviii) the funds of the Senior Secured Loan or the Equipment Facility not being available to the Corporation; (xix) the Corporation being unable to meet its Subject Diamonds Interest delivery obligations under the Purchase and Sale Agreement; (xx) future sales or issuances of Common Shares lowering the Common Share price and diluting the interest of existing shareholders; and (xxi) the additional risk factors described herein and in Stornoway’s annual and interim MD&A, its other disclosure documents and Stornoway’s anticipation of and success in managing the foregoing risks. Stornoway cautions that the foregoing list of factors that may affect future results is not exhaustive and new, unforeseeable risks may arise from time to time.


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

Unicon, Inc., a leading IT consulting, services, and support provider specializing in open source for the education technology market, today announced the availability of LA Quick Start. This is a new learning analytics service offering based on open source technologies and standards-based data integration. Unicon's LA Quick Start service is a foundation that can be built upon for a full-scale analytics solution. It can be used to get conversations around learning analytics started across various groups on campus. In addition to the technology, Unicon bundles consulting hours with this service to help with analytics readiness assessment or roadmap development. “We designed our LA Quick Start service in response to higher education’s needs,” said John C. Blakley, CEO, Unicon, Inc. “Through our discussions with institutions around learning analytics, we discovered many institutions are facing challenges in how to get started with an analytics implementation. Our LA Quick Start service will solve these challenges by providing institutions with an open analytics environment and consulting hours to help with an initial implementation.” Unicon’s LA Quick Start service includes deployment of open source technologies, Apereo Learning Record Warehouse (Apereo LRW) and Apereo OpenDashboard. Apereo LRW is a secure, standards-based, standalone learning record warehouse that was built to fill the need for a storage mechanism for an open learning analytics environment. Unicon can deploy Apereo LRW on-premise or in an institution’s cloud environment. Using Apereo OpenDashboard, instructors and advisors can view visualizations of LMS data to gain insights into student course activity. Integrated into the LMS via IMS LTI, these visualizations help educators identify at-risk students and connect with them directly through the dashboard. Webinar: Learning Analytics – Where to Start? In this interactive webinar on March 8, 2017, at 2:00 p.m. ET, Unicon will present its strategy for helping institutions get started with learning analytics. Speakers will walk through the components included with Unicon’s new LA Quick Start service - from an open analytics infrastructure that integrates data from the LMS into a Learning Record Warehouse using the IMS Caliper standard, to the Student and Course "Pulse" Visualizations. Speakers will also highlight a collaborative readiness assessment process, which provides institutions with a forum to identify concerns and challenge, from both organizational and technical perspectives. Learn about the speakers and register at http://www.unicon.net/webinar-LA-where-to-start. Read more about LA Quick Start at http://www.unicon.net/LA-quick-start, and discover Unicon’s complete set of services for learning analytics at http://www.unicon.net/services/learning-analytics. About Unicon Unicon, Inc. is a leading provider of IT consulting, services, and support for education technology and works with institutions and organizations to find solutions to meet business challenges. Unicon specializes in using open source technologies to deliver flexible and cost-effective systems in the areas of identity and access management; student success and learning analytics; learning management systems; portals; mobile computing; and online video. Unicon is a Commercial Affiliate of the Apereo Foundation; a Trust and Identity Solution Provider in the Internet2 Industry Program and an Industry Member of Internet2; an InCommon Participant; a Contributing Member of IMS Global Learning Consortium; an Advanced Consulting and Public Sector Partner in the Amazon Web Services Partner Network; an Instructure Certified Partner; a Desire2Learn (D2L) Technology Partner; a Pantheon Gold Partner; and a Solution Partner of Kaltura. For more information, visit: http://www.unicon.net. Unicon is a Registered Trademark of Unicon, Inc. All other product or service names are the property of their respective owners.


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

Abu Dhabi, United Arab Emirates, February 28, 2017 --( This significant milestone is one of the largest achievements on record. A special Appreciation Certificate was presented, on behalf of ADNOC, to Al Jaber Building, in recognition of completing 40 Million Man Hours without a Lost Time Injury. AJB stewarded significant HSE awareness and worker involvement initiatives supported by recognition and rewards that has proven to be most successful. Eng. Jihad Khaled, the AJB Executive Director congratulated all employees on this extraordinary safety achievement, calling it “a historical milestone surpassing our previous best achievement of 38 million man-hours without LTI.” “As with all Al Jaber Building projects, safety is our main priority and we have placed a large focus on our HSE team who have worked determinedly for this record to be achieved,” he added. AJB continue enhancing its safety procedures and policies at all levels to maintain its excellent HSE record as a regional pioneer in the Construction sector. The significance of this milestone is that it comes at the time when Al Jaber Building was, and still, involved in some mega projects like the Jawaher Saadiyat Beach Villas’ and the ‘HIDD Al Saadiyat Villas Development’, where major works requiring thousands of employees and adding more safety challenges. Al Jaber Building remains committed to their endeavours to successfully complete the Construction of Building Accommodation in Ruwais Housing Complex Expansion - Phase 4 without harm to people and to the environment and strive for world-class HSE performance. The Phase IV contract consists of full execution and delivery of a further 40 residential buildings. The 40 six-storey residential buildings total 1,920 residential units, with accompanying mosques and car parks in addition. This phase of the project covers an area of 670,000 square meters with a total built up area of 521,000 square meters Abu Dhabi, United Arab Emirates, February 28, 2017 --( PR.com )-- Al Jaber Building (AJB), continues with their success on the Construction of Building Accommodation in Ruwais Housing Complex Expansion - Phase 4, Abu Dhabi - UAE, by achieving 40 million man-hours without LTI.This significant milestone is one of the largest achievements on record. A special Appreciation Certificate was presented, on behalf of ADNOC, to Al Jaber Building, in recognition of completing 40 Million Man Hours without a Lost Time Injury.AJB stewarded significant HSE awareness and worker involvement initiatives supported by recognition and rewards that has proven to be most successful.Eng. Jihad Khaled, the AJB Executive Director congratulated all employees on this extraordinary safety achievement, calling it “a historical milestone surpassing our previous best achievement of 38 million man-hours without LTI.”“As with all Al Jaber Building projects, safety is our main priority and we have placed a large focus on our HSE team who have worked determinedly for this record to be achieved,” he added.AJB continue enhancing its safety procedures and policies at all levels to maintain its excellent HSE record as a regional pioneer in the Construction sector.The significance of this milestone is that it comes at the time when Al Jaber Building was, and still, involved in some mega projects like the Jawaher Saadiyat Beach Villas’ and the ‘HIDD Al Saadiyat Villas Development’, where major works requiring thousands of employees and adding more safety challenges.Al Jaber Building remains committed to their endeavours to successfully complete the Construction of Building Accommodation in Ruwais Housing Complex Expansion - Phase 4 without harm to people and to the environment and strive for world-class HSE performance.The Phase IV contract consists of full execution and delivery of a further 40 residential buildings. The 40 six-storey residential buildings total 1,920 residential units, with accompanying mosques and car parks in addition. This phase of the project covers an area of 670,000 square meters with a total built up area of 521,000 square meters Click here to view the list of recent Press Releases from Al Jaber Group

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