Operation Center

Zürich, Switzerland

Operation Center

Zürich, Switzerland
SEARCH FILTERS
Time filter
Source Type

Miller Environmental Group, Inc. (MEG), headquartered in Calverton, NY has expanded its Operations in the Harrisburg, PA market after opening its original MEG Operation Center in January of 2014. MEG has experienced pronounced growth that has outpaced its expectations. “We are very proud to announce that we have expanded into a 15,000ft2 space located at 17 Brenneman Circle, Suite 101, Mechanicsburg, PA 17050. This expansion will allow MEG to better serve its client base in the Central PA marketplace,” commented Mark Miller, Owner and CEO of MEG. The company will continue to expand its entire service line to customers in the region including Emergency Spill Response, Industrial Cleaning, Environmental Remediation, Waste Transportation, Disposal, Health & Safety Training, and Marine Support services. Additionally, MEG is growing in the Baltimore, MD market as well. Soon, MEG will be moving to a much larger space in the Curtis Bay area of Baltimore. “MEG will be able to meet and sustain the growth in the Baltimore market by expanding from our current space that we have occupied for the past 12 years,” remarked George Wallace, VP and Chief Commercial Officer. MEG has significantly grown its customer base in the Baltimore, MD market to include Utilities, Marine Transportation, Railroads, Insurance Companies, Chemical Manufacturers, Petroleum Terminals, and many other industries. “The determined growth of our company has positioned MEG to more fully address our clients’ needs both geographically and by service line,” commented Mark Lucy, Regional Manager for MEG. Miller Environmental Group is a diversified environmental services company providing its clients industrial cleaning, environmental emergency response, environmental remediation, health and safety training, marine support services, and geothermal drilling coupled with heat pump sales. MEG's corporate headquarters is in Calverton, New York, and the firm has nine offices serving the Mid-Atlantic and Northeastern US. For more information about MEG's services, visit www.millerenv.com. If you would like more information about this topic, or to schedule an interview with Mark Miller, please call Janet Martin at 631-369-4900 Ext. 212, or e-mail Janet at jmartin@millerenv.com.


News Article | May 15, 2017
Site: globenewswire.com

FREMONT, Calif., May 15, 2017 (GLOBE NEWSWIRE) -- Lam Research Corp. (Nasdaq:LRCX), an advanced manufacturer of semiconductor equipment, today announced that Dr. Young Bum Koh has joined the company's board of directors effective as of May 10, 2017. Dr. Koh held many executive positions at Samsung Electronics Co., Ltd in South Korea.  Prior to his most recent position as Advisor until December 2016, he served from December 2011 to December 2013 as Executive Vice President, Head of the Mechatronics R&D Center; from January 2010 to July 2011 as Executive Vice President, Head of the Manufacturing Operation Center, LCD Business; and from January 2004 to June 2007 as Senior Vice President, Head of Manufacturing Technology Center, Memory Business.  Dr. Koh also served as Executive Vice President and President of Samsung Austin Semiconductor LLC located in Texas from August 2007 to December 2009.     "We are honored to welcome Dr. Koh as a Director of Lam Research," said Stephen G. Newberry, chairman of Lam Research. "Dr. Koh brings to the Lam Research board substantial high technology operations knowledge and expertise built over the course of his distinguished career. His intimate understanding of the semiconductor industry paired with his international leadership experience in research, development and manufacturing will be a tremendous asset in our boardroom.” Lam Research Corp. (Nasdaq:LRCX) is a trusted global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's broad portfolio of market-leading deposition, etch, and clean solutions helps customers achieve success on the wafer by enabling device features that are 1,000 times smaller than a grain of sand, resulting in smaller, faster, more powerful, and more power-efficient chips. Through collaboration, continuous innovation, and delivering on commitments, Lam is transforming atomic-scale engineering and enabling its customers to shape the future of technology. Based in Fremont, Calif., Lam Research is a Nasdaq-100 Index® and S&P 500® company whose common stock trades on the Nasdaq Global Select Market℠ under the symbol LRCX. For more information, please visit www.lamresearch.com. (LRCX-B)


News Article | May 10, 2017
Site: www.theenergycollective.com

Technology revolutionizes the way people interact with the world. From video chats to securing homes from thousands of miles away, digital connections bring us closer to what matters most. This same connectivity can play a critical role in helping cities around the world in the fight against climate change – a fight that will only accelerate in the coming years, with cities and municipalities on the front lines. Nearly 60 percent of the world’s population will live in cities by 2030. These urban areas already account for 60-80 percent of energy consumption and 75 percent of carbon emissions, and their impacts will worsen with expansion. Because of their population density, cities are also the most likely to be heavily impacted by water shortages, natural disasters, and heatwaves as climate change progresses. Understanding how to mitigate these environmental impacts is vital, and the technology that enables cities to be “smart” is a big part of that. Technology can help communities around the world become cleaner, safer, and stronger through connectivity solutions that unlock environmental, social, and economic benefits. As a provider of Smart Cities technologies, AT&T explores ways to better understand and quantify how technology – and the data insights it generates – can help address these complicated environmental issues. It’s part of the AT&T 2025 goal to enable carbon savings 10 times the carbon footprint of its operations by deploying low-carbon technology solutions. Over the summer, we – an Environmental Defense Fund (EDF) Climate Corps Fellow and an AT&T Smart Cities team member – began working on a methodology to measure and share the sustainability of AT&T’s digital solutions. We took a look at carbon, water, waste, and energy reductions associated with some of the Smart City technologies that we’re deploying in spotlight locales, including Atlanta, Chicago, Dallas, Miami-Dade County (FL), Chapel Hill (NC), and Montgomery County (MD). We also created a blueprint of a Smart Cities sustainability dashboard that will give city officials and citizens an easy way to understand the key sustainability benefits of this technology. The sustainability component will be a part of the AT&T Smart Cities Operation Center (SCOC), a digital dashboard that utilizes secure connectivity and data analytics to give city officials a window into real-time operations, enabling them to keep tabs on power outages, water leaks, traffic issues, and more – all from one location. For example, a Technology plays an increasingly critical role in the transition to a low-carbon economy. As AT&T continues to work hand-in-hand with environmental organizations like EDF to calculate the positive impact of Smart Cities technology, we get closer to unlocking its potential to help citizens and the world around us. By Jori Mendel, AT&T Smart Cities, and Chandana Vangapalli, former Environmental Defense Fund Climate Corps Fellow


TOKYO, May 15, 2017 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. ("IIJ") (NASDAQ:IIJI) (TSE:3774) today announced its full year (“FY2016”) and fourth quarter (“4Q16”) consolidated financial results for the fiscal year ended March 31, 2017 (from April 1, 2016 to March 31, 2017).1 Overview of FY2016 Financial Results and Business Outlook “In FY2016, a number of business developments, ranging from cloud, mobile, security and CDN2 carried out in recent years, led to make our business growth fundamentals stronger. Our total revenue hit strong annual growth rate of 12.2%,” said Eijiro Katsu, President and COO of IIJ. “For cloud, more and more large-scale core enterprise systems of Japanese blue-chips are starting to make visible accumulation. Such projects include service platform for an online-ticketing company, unified business operation platform for a global manufacturing company’s group and local governments’ “Information Security Cloud.” We’ve been also continuously expanding service functions for “IIJ GIO Infrastructure P2 (“GIO P2”)”3 to meet complex cloud demands of Japanese blue-chips. Our FY2016 cloud revenue was JPY15.7 billion and we expect it to increase to JPY18.0 billion in FY2017 with these undergoing transactions and further order accumulation.” “For mobile, while the competition has been severe, we continue to accumulate subscription mainly through sales partners and MVNE.4 As of March 31, 2017, our total mobile subscription grew to 1.86 million, annual increase of 628 thousand subscriptions. Our mobile revenue also grew by 71.3% year over year to JPY26.7 billion. Our market share among MVNOs on net addition-base in Japan was approx. 24%.5 We’re very excited about becoming Japan’s first full-MVNO service provider6 as it will enable us to develop our own embedded SIMs which is a critical element for IoT7 and preparing service cut-over in 4Q17.” “As for security, we continue to see strong demands especially for Sandbox and DDoS protection services which led our FY2016 security services revenues to grow by 10.9% year over year. In addition to the existing security services, we launched Security Operation Center services by leveraging our massive network log data and an ability to analyze them. For CDN, we established a joint venture8 with 15 major Japanese broadcasting companies to provide reliable CDN platform. As we expect to be their primary IT provider, we should benefit from their requirement for significantly wide bandwidth.” “In terms of financial results, FY2016 operating income decreased year over year due to the overall cost increase along with the continuous business investments and a deterioration of SI gross margin.9 However in the latter half, the revenue and income accumulated accordingly with our revised plan announced in November 2016 and SI profitability recovered in 4Q16 by mainly improving the productivity of outsourcing personnel and with the absence of large-scale unprofitable projects.” “For FY2017, we target the total revenue of JPY176.0 billion, 11.5% annual increase, with continuous expansion of monthly recurring revenue services including mobile, many flagship GIO P2 projects, security and more. With the accumulation of recurring network services revenues and improvement of SI profitability should absorb increasing costs; thus FY2017 operating income should turn to increase to JPY6.5 billion, up by 26.6% year over year,” continued Katsu. “IT systems requiring IoT and BigData should significantly increase in the middle-to-long term. We believe that the value IIJ can offer as a total platform provider covering, network, cloud, mobile, security, and SI should become significant,” concluded Koichi Suzuki, Founder, Chairman and CEO of IIJ. 1 Unless otherwise stated, all financial figures discussed in this announcement are prepared in accordance with U.S. GAAP. All financial figures are unaudited and consolidated. 2 CDN (Contents Distribution Network) is an optimized network to distribute contents such as pictures and videos over Internet. 3 “IIJ GIO Infrastructure P2” was launched in November 2015 as a renewed service platform to further meet Japanese enterprises IT needs are certainly contributing to promote cloud shift. The services offer public and private cloud resources seamlessly and provide closed connectivity between our cloud services to Amazon’s AWS and Microsoft Azure services to meet hybrid and multi cloud systems needs. 4 MVNE (Mobile Virtual Network Enabler) provides business and service infrastructure to MVNOs. 5 Out of 5.9 hundred thousand total net addition for all MVNOs subscription from October to December 2016 in Japan, our net addition was 1.4 hundred thousand, making approx. 24% shares. These figures are according to the report published by the Ministry of Internal Affairs and Communications in March 2017. 6 For details, please refer to our press release titled “IIJ Begins to Engage in a Full MVNO for Enhanced MVNO Business” announced in August 2016. 7 IoT (Internet of Things) enables not only physical objects but also any “things” connected to network to exchange information automatically. 8 JOCDN Inc. which is our equity method investee with a 20% ownership. 9 As we disclosed in our financial target revision for FY2016 (announced in November 2016), low productivity of systems engineers in 1H16 and some unprofitable large-scale projects led to a sharp decline in systems integration profitability. We have omitted segment analysis because most of our revenues are dominated by network services and systems integration (SI) business. Total revenues were JPY157,789 million, up 12.2% YoY (JPY140,648 million for FY2015). Network services revenue was JPY92,996 million, up 17.3% YoY (JPY79,296 million for FY2015). Revenues for Internet connectivity services for enterprise were JPY22,634 million, up 28.6% YoY from JPY17,597 million for FY2015, mainly due to an increase in mobile-related services revenues along with an expansion of MVNE business clients’ business transaction. Revenues for Internet connectivity services for consumers were JPY21,735 million, up 42.5% YoY from JPY15,256 million for FY2015, mainly due to the revenue growth of “IIJmio Mobile Services,” consumer mobile services which offer inexpensive data communication and voice services with SIM cards. Revenues for WAN services were JPY26,460 million, up 5.1% YoY compared to JPY25,177 million for FY2015. Revenues for Outsourcing services were JPY22,167 million, up 4.2% YoY from JPY21,266 million for FY2015, mainly due to an increase in security-related services revenues. SI revenues were JPY57,749 million, up 6.6% YoY (JPY54,188 million for FY2015). Systems construction revenue, a one-time revenue, was JPY22,626 million, up 7.0% YoY, mainly due to an increase and an expansion of the business transactions. Systems operation and maintenance revenue, a recurring revenue, was JPY35,123 million, up 6.3% YoY, mainly due to an increase in private cloud services’ revenues and an increase of operation and maintenance which was shifted from systems construction projects. Orders received for SI and equipment sales totaled JPY68,599 million, up 10.5% YoY; orders received for systems construction and equipment sales were JPY26,721 million, up 3.7% YoY and orders received for systems operation and maintenance were JPY41,877 million, up 15.4% YoY. Order backlog for SI and equipment sales as of March 31, 2017 amounted to JPY41,501 million, up 23.3% YoY; order backlog for systems construction and equipment sales was JPY7,179 million, up 18.1% YoY and order backlog for systems operation and maintenance was JPY34,322 million, up 24.5% YoY. Equipment sales revenues were JPY2,994 million, down 8.6% YoY (JPY3,275 million for FY2015) mainly due to the fluctuation in sales of devises such as mobile devices. ATM operation business revenues were JPY4,050 million, up 4.1% YoY (JPY3,889 million for FY2015). As of March 31, 2017, 1,066 ATMs have been placed. Total cost of revenues was JPY132,542 million, up 14.3% YoY (JPY115,993 million for FY2015). Cost of network services revenue was JPY76,387 million, up 18.9% YoY (JPY64,239 million for FY2015). There were an increase in outsourcing-related costs with our mobile infrastructure enhancement along with our mobile-related revenue increase, an increase in circuit-related costs along with our WAN services revenue increase, and an increase in network operation-related costs. Regarding NTT Docomo’s interconnectivity charge for MVNO-related services, the charge based on their FY2015 actual cost was revised in March 2017 and it decreased by 14% (excluding the cost for borrowing SIM cards which arrangement took place during FY2016) year over year. Our estimate of 12% decrease, which rate had been applied to our mobile interconnectivity cost calculation from 1Q16, ended up in line with our initial estimate together with the cost for borrowing SIM. Gross margin was JPY16,609 million, up 10.3% YoY and gross margin ratio was 17.9% compared to 19.0% in FY2015. Cost of SI revenues was JPY50,992 million, up 10.3% YoY (JPY46,226 million for FY2015). There were an increase in outsourcing-related and personnel-related costs along with an increase of large-scale SI transactions and an increase in network operation-related costs mainly along with the launch of “IIJ GIO Infrastructure P2.” Gross margin was JPY6,756 million, down 15.2% YoY and gross margin ratio was 11.7% compared to 14.7% in FY2015. It was mainly due to profit deterioration resulted from low productivity of systems engineers and the delay in offering some functions of our ASP-type foreign exchange system, especially in 1H16. Cost of equipment sales revenues was JPY2,735 million, down 7.9% YoY (JPY2,969 million for FY2015) along with the revenue decrease. Gross margin was JPY260 million (JPY306 million for FY2015) and gross margin ratio was 8.7% compared to 9.4% in FY2015. Cost of ATM operation business revenues was JPY2,428 million, down 5.1% YoY (JPY2,559 million for FY2015). Gross margin was JPY1,622 million (JPY1,330 million for FY2015) and gross margin ratio was 40.1% compared to 34.2% in FY2015. SG&A and R&D expenses in total were JPY20,113 million, up 8.6% YoY (JPY18,515 million for FY2015). Sales and marketing expenses were JPY11,432 million, up 8.0% YoY (JPY10,589 million for FY2015) mainly due to increases in sales commission expenses of mobile-related services and advertising expenses. General and administrative expenses were JPY8,215 million, up 10.0% YoY (JPY7,471 million for FY2015) mainly due to increases in office rent expenses. Research and development expenses were JPY466 million, up 2.4% YoY (JPY455 million for FY2015). Operating income was JPY5,134 million, down 16.4% YoY (JPY6,140 million for FY2015). Other income (expenses) was an income of JPY293 million (an income of JPY53 million for FY2015), mainly because of net gain on sales of other investments of JPY217 million (JPY24 million for FY2015), distribution from fund investment of JPY321 million (included in other-net of JPY315 million, JPY209 million for FY2015), dividend income of JPY118 million from other investments (JPY93 million for FY2015), interest expense of JPY304 million (JPY241 million for FY2015) and foreign exchange losses of JPY45 million (JPY71 million for FY2015). Income before income tax expenses was JPY5,427 million, down 12.4% YoY (JPY6,193 million for FY2015). Equity in net income of equity method investees was JPY130 million (JPY180 million for FY2015) mainly due to net income of Internet Multifeed Co. As a result of the above, net income was JPY3,332 million, down 20.5% YoY (JPY4,190 million for FY2015). Net income attributable to non-controlling interests was JPY165 million mainly related to net income of Trust Networks Inc. (JPY152 million for FY2015). Net income attributable to IIJ was JPY3,167 million, down 21.6% YoY (JPY4,038 million for FY2015). As of March 31, 2017, the balance of total assets was JPY137,395 million, increased by JPY19,560 million from the balance as of March 31, 2016 of JPY117,835 million. As of March 31, 2017, the balance of current assets was JPY63,722 million, increased by JPY10,316 million from the balance as of March 31, 2016 of JPY53,406 million. The major breakdown of current assets was an increase in accounts receivable by JPY3,637 million to JPY27,384 million, an increase in cash and cash equivalents by JPY2,389 million to JPY21,959 million, an increase in prepaid expenses by JPY2,841 million to JPY7,611 million and an increase in inventories by JPY794 million to JPY2,798 million. As of March 31, 2017, the balance of noncurrent assets was JPY73,673 million, increased by JPY9,244 million from the balance as of March 31, 2016 of JPY64,429 million. The major breakdown of noncurrent assets was an increase in property and equipment by JPY5,451 million to JPY39,775 million, an increase in other investments by JPY1,976 million to JPY7,925 million mainly due to an increase in the fair value of available-for-sale securities and increase in prepaid expenses-noncurrent by JPY1,620 million to JPY6,607 million. Other investments as of March 31, 2017, consisted of JPY5,780 million in available-for-sale securities (including JPY5,464 million of strategic shareholdings), JPY1,124 million in nonmarketable equity securities and JPY1,021 million in investments in funds, including some through a trust. As of March 31, 2017, the balance of non-amortized intangible assets was JPY6,220 million, decreased by JPY82 million from the balance as of March 31, 2016 of JPY6,302 million. The major breakdown of non-amortized intangible assets was JPY6,170 million in goodwill and a decrease by JPY81 million to JPY15 million in trademark. The balance of amortized intangible assets, which was customer relationships, was JPY3,036 million, decreased by JPY380 million from the balance as of March 31, 2016 of JPY3,417 million. As of March 31, 2017, the balance of current liabilities was JPY39,983 million, increased by JPY3,917 million from the balance as of March 31, 2016 of JPY36,066 million. The major breakdown of current liabilities was an increase in accounts payable (trade and other) by JPY1,557 million to JPY16,962 million and an increase in capital lease obligations-current portion by JPY864 million to JPY4,819 million. As of March 31, 2017, the balance of noncurrent liabilities was JPY30,032 million, increased by JPY13,607 million from the balance as of March 31, 2016 of JPY16,425 million. The major breakdown of noncurrent liabilities was an increase in long-term borrowings by JPY8,500 million to JPY8,500 million and an increase in capital lease obligations-noncurrent by JPY2,605 million to JPY10,385 million. As of March 31, 2017, the balance of total IIJ shareholders’ equity was JPY66,742 million, increased by JPY1,897 million from the balance as of March 31, 2016 of JPY64,845 million. There were an increase in retained earnings by JPY2,041 million to JPY4,512 million, an increase in accumulated other comprehensive income by JPY1,303 million to JPY2,500 million mainly due to an increase the fair value of available-for-sale securities and an increase in treasury stock by JPY1,505 million to JPY1,897 million due to the repurchase of own shares, authorized at the meeting of IIJ’s Board of Directors held on November 4, 2016. IIJ shareholders’ equity ratio (total IIJ shareholders’ equity divided by total assets) as of March 31, 2017 was 48.6%. Cash and cash equivalents as of March 31, 2017 were JPY21,959 million (JPY19,569 million as of March 31, 2016). Net cash provided by operating activities for FY2016 was JPY7,368 million (net cash provided by operating activities of JPY12,052 million for FY2015.) There were net income of JPY3,332 million, depreciation and amortization of JPY10,894 million and net cash out flow of JPY7,026 million from changes in operating assets and liabilities. As for changes in operating assets and liabilities, there were an increase in accounts receivable mainly due to revenue growth, an increase in prepaid expenses (including prepaid expenses-noncurrent) and payments in relation to up front payment for software licenses and maintenance cost for service facilities. Net cash used in investing activities for FY2016 was JPY7,376 million (net cash used in investing activities of JPY8,377 million for FY2015), mainly due to payments for purchase of property and equipment of JPY10,624 million (JPY10,899 million for FY2015) and proceeds from sales of property and equipment, which include sales and leaseback, of JPY3,046 million (JPY2,574 million for FY2015). Net cash provided by financing activities for FY2016 was JPY2,492 million (net cash used in financing activities of JPY5,201 million for FY2015), mainly due to proceeds from long-term borrowings of JPY8,500 million, proceeds from financing in relation to procurement of software license of JPY1,498 million, principal payments under capital leases of JPY4,820 million (JPY4,194 million for FY2015), payments for purchase of treasury stock of JPY1,505 million and FY2015 year-end and FY2016 interim dividend payments of JPY1,126 million (JPY1,011 million for FY2015). Our financial targets for the fiscal year ending March 31, 2018 (FY2017) are as follows: With the continuous expansion of Japanese economy, Japanese enterprises’ ICT-related investment and spending should continuously grow during FY2017. Regarding consumer market in Japan, we expect the inexpensive SIM card services market to further penetrate. Based on these, we expect our operating income to improve with continuous expansion of revenue and gross margin. We target total revenue of JPY176.0 billion, up 11.5% year over year. We expect both enterprise and consumer mobile services to further increase, cloud-related revenue to reach to JPY18.0 billion, revenue contribution from a large-scale local government’s information security cloud project and other monthly recurring revenue services such as Internet connectivity, outsourcing, WAN and systems operation and maintenance revenue to continuously accumulate. We target operating income of JPY6.5 billion, up 26.6% year over year. While SG&A expenses such as sales commission, advertisement, and personnel related fees are to increase continuously, we expect network services gross margin continuous expansion and systems integration gross margin improvement, approximately 1 point increase from FY2016, should absorb such increase in SG&A and lead to an operating income increase. We target income before income tax expense of JPY6.5 billion, up 19.8% year over year. We target net income attributable to IIJ of JPY4.0 billion, up 26.3% year over year, considering taxes calculated by a normal statutory rate and income of equity method investees and non-controlling interests. Our FY2017 dividend forecast is as follows: The following table summarizes the reconciliation of adjusted EBITDA to net income attributable to IIJ in our consolidated statements of income that are prepared in accordance with U.S. GAAP. Presentation materials will be posted on our web site (http://www.iij.ad.jp/en/ir/) on May 15, 2017. Founded in 1992, IIJ is one of Japan's leading Internet-access and comprehensive network solutions providers. IIJ and its group companies provide total network solutions that mainly cater to high-end corporate customers. IIJ's services include high-quality Internet connectivity services, systems integration, cloud computing services, security services and mobile services. Moreover, IIJ has built one of the largest Internet backbone networks in Japan that is connected to the United States, the United Kingdom and Asia. IIJ listed on the U.S. NASDAQ Stock Market in 1999 and on the First Section of the Tokyo Stock Exchange in 2006. Statements made in this press release regarding IIJ’s or management’s intentions, beliefs, expectations, or predictions for the future are forward-looking statements that are based on IIJ’s and managements’ current expectations, assumptions, estimates and projections about its business and the industry. These forward-looking statements, such as statements regarding FY2016 revenues and operating and net profitability, are subject to various risks, uncertainties and other factors that could cause IIJ’s actual results to differ materially from those contained in any forward-looking statement. These risks, uncertainties and other factors include: IIJ’s ability to maintain and increase revenues from higher-margin services such as systems integration and outsourcing services; the possibility that revenues from connectivity services may decline substantially as a result of competition and other factors; the ability to compete in a rapidly evolving and competitive marketplace; the impact on IIJ's profits of fluctuations in costs such as backbone costs and subcontractor costs; the impact on IIJ's profits of fluctuations in the price of available-for-sale securities; the impact of technological changes in its industry; IIJ’s ability to raise additional capital to cover its indebtedness; the possibility that NTT, IIJ’s largest shareholder, may decide to exercise substantial influence over IIJ; and other risks referred to from time to time in IIJ’s filings on Form 20-F of its annual report and other filings with the United States Securities and Exchange Commission. The following tables are highlight data of fourth quarter FY2016 (3 months) consolidated financial results (unaudited, for the three months ended March 31, 2017). The following table summarizes the reconciliation of adjusted EBITDA to net income in our consolidated statements of income that are prepared in accordance with U.S. GAAP. The following table summarizes the reconciliation of capital expenditures to the purchase of property and equipment in our consolidated statements of cash flows that are prepared and presented in accordance with U.S. GAAP. Note: The following information is provided to disclose Internet Initiative Japan Inc. ("IIJ") financial results (unaudited) for the fiscal year ended March 31, 2017 (“FY2016”) in the form defined by the Tokyo Stock Exchange. Consolidated Financial Results for the Fiscal Year Ended March 31, 2017 [Under accounting principles generally accepted in the United States ("U.S. GAAP")] Company name: Internet Initiative Japan Inc. Exchange listed: Tokyo Stock Exchange First Section Stock code number: 3774 URL: http://www.iij.ad.jp/  Representative: Eijiro Katsu, President and Representative Director Contact: Akihisa Watai, Managing Director and CFO TEL: (03) 5205-6500 Scheduled date for annual general shareholder’s meeting: June 28, 2017 Scheduled date for dividend payment: June 29, 2017 Scheduled date for filing of annual report (Yuka-shoken-houkokusho) to Japan’s regulatory organization: June 30, 2017 Supplemental material on annual results: Yes Presentation on quarterly report: Yes (for institutional investors and analysts) 1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2017 (April 1, 2016 to March 31, 2017) (Note1) Total comprehensive income attributable to IIJ              Fiscal year ended March 31, 2017: JPY4,470 million (up 35.6% YoY) Fiscal year ended March 31, 2016: JPY3,296 million (down 7.1% YoY) (Note2) Income before income tax expense represents income from operations before income tax expense and equity in net income in equity method investees, respectively, in IIJ's consolidated financial statements. (Note) Change from the latest released dividend forecasts: No. 3. Target of Consolidated Financial Results for the Fiscal Year Ending March 31, 2018 (Note1) Changes from the latest forecasts released: No Company representative: Eijiro Katsu, President and Representative Director (Stock Code Number: 3774 The First Section of the Tokyo Stock Exchange) 1. About Our Largest Shareholder (As of March 31, 2017) 2. Position of the Listed Company (IIJ) within NTT Group and other relationships The ownership percentage by NTT, which is IIJ's largest shareholder, was 26.9% as of March 31, 2017, including its indirect ownership. However, IIJ's business activities are not affected by NTT's ownership in IIJ and IIJ is maintaining its management independence. IIJ uses services provided by Nippon Telegraph and Telephone East Corporation and Nippon Telegraph and Telephone West Corporation for a significant portion of IIJ’s access circuits, services provided by NTT Communications Corporation for a significant portion of IIJ’s domestic and international backbone circuits, and services provided by NTT DOCOMO, INC for a significant portion of IIJ’s mobile infrastructure, to provide Internet connectivity and other services to IIJ’s customers. IIJ also leases a part of Internet data center facilities from NTT Group companies to provide Internet data center services. The aggregate amount paid to for these services was JPY23,005 million for the fiscal year ended March 31, 2017. 4. Policy Concerning Measures to Protect Minority Shareholders in Transactions with NTT Group Business transactions with the NTT Group are within the scope of normal business practices and there is no special contract made in relation to the investment by NTT Group.


Around 8:30 a.m. PT on Tuesday, 400 square feet of soil caved in at the juncture of two several hundred foot–long tunnels housing radioactive material at the Hanford Nuclear Reservation in southeastern Washington. The tunnels are located next to the long-defunct plutonium uranium extraction facility, called PUREX. The Hanford Emergency Information website reports there’s no sign of contaminant release. Between 8:30 and noon, an alert cautioning people within PUREX facility boundary to evacuate expanded to a site-wide state of emergency, with all employees instructed to shelter in place, a spokesperson for Hanford’s Emergency Operation Center said. “All employees are accounted for, no injuries, and no evidence of a radiological release,” he explained in a Facebook Live video. Hanford was a plutonium-enrichment site opened in World War II as part of the effort to build an atom bomb. It was decommissioned 30 years ago, and nuclear waste cleanup started two years later. Today, more than 9,000 people work at the site, which is 200 miles southeast of Seattle and just over 50 miles due east of the Yakima Indian Reservation. “This is a serious situation, and ensuring the safety of the workers and the community is the top priority,” said Washington Gov. Jay Inslee in a statement. We’ll update this post with new information as it’s available.


TOKYO, May 15, 2017 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. ("IIJ") (NASDAQ:IIJI) (TSE:3774) today announced its full year (“FY2016”) and fourth quarter (“4Q16”) consolidated financial results for the fiscal year ended March 31, 2017 (from April 1, 2016 to March 31, 2017).1 Overview of FY2016 Financial Results and Business Outlook “In FY2016, a number of business developments, ranging from cloud, mobile, security and CDN2 carried out in recent years, led to make our business growth fundamentals stronger. Our total revenue hit strong annual growth rate of 12.2%,” said Eijiro Katsu, President and COO of IIJ. “For cloud, more and more large-scale core enterprise systems of Japanese blue-chips are starting to make visible accumulation. Such projects include service platform for an online-ticketing company, unified business operation platform for a global manufacturing company’s group and local governments’ “Information Security Cloud.” We’ve been also continuously expanding service functions for “IIJ GIO Infrastructure P2 (“GIO P2”)”3 to meet complex cloud demands of Japanese blue-chips. Our FY2016 cloud revenue was JPY15.7 billion and we expect it to increase to JPY18.0 billion in FY2017 with these undergoing transactions and further order accumulation.” “For mobile, while the competition has been severe, we continue to accumulate subscription mainly through sales partners and MVNE.4 As of March 31, 2017, our total mobile subscription grew to 1.86 million, annual increase of 628 thousand subscriptions. Our mobile revenue also grew by 71.3% year over year to JPY26.7 billion. Our market share among MVNOs on net addition-base in Japan was approx. 24%.5 We’re very excited about becoming Japan’s first full-MVNO service provider6 as it will enable us to develop our own embedded SIMs which is a critical element for IoT7 and preparing service cut-over in 4Q17.” “As for security, we continue to see strong demands especially for Sandbox and DDoS protection services which led our FY2016 security services revenues to grow by 10.9% year over year. In addition to the existing security services, we launched Security Operation Center services by leveraging our massive network log data and an ability to analyze them. For CDN, we established a joint venture8 with 15 major Japanese broadcasting companies to provide reliable CDN platform. As we expect to be their primary IT provider, we should benefit from their requirement for significantly wide bandwidth.” “In terms of financial results, FY2016 operating income decreased year over year due to the overall cost increase along with the continuous business investments and a deterioration of SI gross margin.9 However in the latter half, the revenue and income accumulated accordingly with our revised plan announced in November 2016 and SI profitability recovered in 4Q16 by mainly improving the productivity of outsourcing personnel and with the absence of large-scale unprofitable projects.” “For FY2017, we target the total revenue of JPY176.0 billion, 11.5% annual increase, with continuous expansion of monthly recurring revenue services including mobile, many flagship GIO P2 projects, security and more. With the accumulation of recurring network services revenues and improvement of SI profitability should absorb increasing costs; thus FY2017 operating income should turn to increase to JPY6.5 billion, up by 26.6% year over year,” continued Katsu. “IT systems requiring IoT and BigData should significantly increase in the middle-to-long term. We believe that the value IIJ can offer as a total platform provider covering, network, cloud, mobile, security, and SI should become significant,” concluded Koichi Suzuki, Founder, Chairman and CEO of IIJ. 1 Unless otherwise stated, all financial figures discussed in this announcement are prepared in accordance with U.S. GAAP. All financial figures are unaudited and consolidated. 2 CDN (Contents Distribution Network) is an optimized network to distribute contents such as pictures and videos over Internet. 3 “IIJ GIO Infrastructure P2” was launched in November 2015 as a renewed service platform to further meet Japanese enterprises IT needs are certainly contributing to promote cloud shift. The services offer public and private cloud resources seamlessly and provide closed connectivity between our cloud services to Amazon’s AWS and Microsoft Azure services to meet hybrid and multi cloud systems needs. 4 MVNE (Mobile Virtual Network Enabler) provides business and service infrastructure to MVNOs. 5 Out of 5.9 hundred thousand total net addition for all MVNOs subscription from October to December 2016 in Japan, our net addition was 1.4 hundred thousand, making approx. 24% shares. These figures are according to the report published by the Ministry of Internal Affairs and Communications in March 2017. 6 For details, please refer to our press release titled “IIJ Begins to Engage in a Full MVNO for Enhanced MVNO Business” announced in August 2016. 7 IoT (Internet of Things) enables not only physical objects but also any “things” connected to network to exchange information automatically. 8 JOCDN Inc. which is our equity method investee with a 20% ownership. 9 As we disclosed in our financial target revision for FY2016 (announced in November 2016), low productivity of systems engineers in 1H16 and some unprofitable large-scale projects led to a sharp decline in systems integration profitability. We have omitted segment analysis because most of our revenues are dominated by network services and systems integration (SI) business. Total revenues were JPY157,789 million, up 12.2% YoY (JPY140,648 million for FY2015). Network services revenue was JPY92,996 million, up 17.3% YoY (JPY79,296 million for FY2015). Revenues for Internet connectivity services for enterprise were JPY22,634 million, up 28.6% YoY from JPY17,597 million for FY2015, mainly due to an increase in mobile-related services revenues along with an expansion of MVNE business clients’ business transaction. Revenues for Internet connectivity services for consumers were JPY21,735 million, up 42.5% YoY from JPY15,256 million for FY2015, mainly due to the revenue growth of “IIJmio Mobile Services,” consumer mobile services which offer inexpensive data communication and voice services with SIM cards. Revenues for WAN services were JPY26,460 million, up 5.1% YoY compared to JPY25,177 million for FY2015. Revenues for Outsourcing services were JPY22,167 million, up 4.2% YoY from JPY21,266 million for FY2015, mainly due to an increase in security-related services revenues. SI revenues were JPY57,749 million, up 6.6% YoY (JPY54,188 million for FY2015). Systems construction revenue, a one-time revenue, was JPY22,626 million, up 7.0% YoY, mainly due to an increase and an expansion of the business transactions. Systems operation and maintenance revenue, a recurring revenue, was JPY35,123 million, up 6.3% YoY, mainly due to an increase in private cloud services’ revenues and an increase of operation and maintenance which was shifted from systems construction projects. Orders received for SI and equipment sales totaled JPY68,599 million, up 10.5% YoY; orders received for systems construction and equipment sales were JPY26,721 million, up 3.7% YoY and orders received for systems operation and maintenance were JPY41,877 million, up 15.4% YoY. Order backlog for SI and equipment sales as of March 31, 2017 amounted to JPY41,501 million, up 23.3% YoY; order backlog for systems construction and equipment sales was JPY7,179 million, up 18.1% YoY and order backlog for systems operation and maintenance was JPY34,322 million, up 24.5% YoY. Equipment sales revenues were JPY2,994 million, down 8.6% YoY (JPY3,275 million for FY2015) mainly due to the fluctuation in sales of devises such as mobile devices. ATM operation business revenues were JPY4,050 million, up 4.1% YoY (JPY3,889 million for FY2015). As of March 31, 2017, 1,066 ATMs have been placed. Total cost of revenues was JPY132,542 million, up 14.3% YoY (JPY115,993 million for FY2015). Cost of network services revenue was JPY76,387 million, up 18.9% YoY (JPY64,239 million for FY2015). There were an increase in outsourcing-related costs with our mobile infrastructure enhancement along with our mobile-related revenue increase, an increase in circuit-related costs along with our WAN services revenue increase, and an increase in network operation-related costs. Regarding NTT Docomo’s interconnectivity charge for MVNO-related services, the charge based on their FY2015 actual cost was revised in March 2017 and it decreased by 14% (excluding the cost for borrowing SIM cards which arrangement took place during FY2016) year over year. Our estimate of 12% decrease, which rate had been applied to our mobile interconnectivity cost calculation from 1Q16, ended up in line with our initial estimate together with the cost for borrowing SIM. Gross margin was JPY16,609 million, up 10.3% YoY and gross margin ratio was 17.9% compared to 19.0% in FY2015. Cost of SI revenues was JPY50,992 million, up 10.3% YoY (JPY46,226 million for FY2015). There were an increase in outsourcing-related and personnel-related costs along with an increase of large-scale SI transactions and an increase in network operation-related costs mainly along with the launch of “IIJ GIO Infrastructure P2.” Gross margin was JPY6,756 million, down 15.2% YoY and gross margin ratio was 11.7% compared to 14.7% in FY2015. It was mainly due to profit deterioration resulted from low productivity of systems engineers and the delay in offering some functions of our ASP-type foreign exchange system, especially in 1H16. Cost of equipment sales revenues was JPY2,735 million, down 7.9% YoY (JPY2,969 million for FY2015) along with the revenue decrease. Gross margin was JPY260 million (JPY306 million for FY2015) and gross margin ratio was 8.7% compared to 9.4% in FY2015. Cost of ATM operation business revenues was JPY2,428 million, down 5.1% YoY (JPY2,559 million for FY2015). Gross margin was JPY1,622 million (JPY1,330 million for FY2015) and gross margin ratio was 40.1% compared to 34.2% in FY2015. SG&A and R&D expenses in total were JPY20,113 million, up 8.6% YoY (JPY18,515 million for FY2015). Sales and marketing expenses were JPY11,432 million, up 8.0% YoY (JPY10,589 million for FY2015) mainly due to increases in sales commission expenses of mobile-related services and advertising expenses. General and administrative expenses were JPY8,215 million, up 10.0% YoY (JPY7,471 million for FY2015) mainly due to increases in office rent expenses. Research and development expenses were JPY466 million, up 2.4% YoY (JPY455 million for FY2015). Operating income was JPY5,134 million, down 16.4% YoY (JPY6,140 million for FY2015). Other income (expenses) was an income of JPY293 million (an income of JPY53 million for FY2015), mainly because of net gain on sales of other investments of JPY217 million (JPY24 million for FY2015), distribution from fund investment of JPY321 million (included in other-net of JPY315 million, JPY209 million for FY2015), dividend income of JPY118 million from other investments (JPY93 million for FY2015), interest expense of JPY304 million (JPY241 million for FY2015) and foreign exchange losses of JPY45 million (JPY71 million for FY2015). Income before income tax expenses was JPY5,427 million, down 12.4% YoY (JPY6,193 million for FY2015). Equity in net income of equity method investees was JPY130 million (JPY180 million for FY2015) mainly due to net income of Internet Multifeed Co. As a result of the above, net income was JPY3,332 million, down 20.5% YoY (JPY4,190 million for FY2015). Net income attributable to non-controlling interests was JPY165 million mainly related to net income of Trust Networks Inc. (JPY152 million for FY2015). Net income attributable to IIJ was JPY3,167 million, down 21.6% YoY (JPY4,038 million for FY2015). As of March 31, 2017, the balance of total assets was JPY137,395 million, increased by JPY19,560 million from the balance as of March 31, 2016 of JPY117,835 million. As of March 31, 2017, the balance of current assets was JPY63,722 million, increased by JPY10,316 million from the balance as of March 31, 2016 of JPY53,406 million. The major breakdown of current assets was an increase in accounts receivable by JPY3,637 million to JPY27,384 million, an increase in cash and cash equivalents by JPY2,389 million to JPY21,959 million, an increase in prepaid expenses by JPY2,841 million to JPY7,611 million and an increase in inventories by JPY794 million to JPY2,798 million. As of March 31, 2017, the balance of noncurrent assets was JPY73,673 million, increased by JPY9,244 million from the balance as of March 31, 2016 of JPY64,429 million. The major breakdown of noncurrent assets was an increase in property and equipment by JPY5,451 million to JPY39,775 million, an increase in other investments by JPY1,976 million to JPY7,925 million mainly due to an increase in the fair value of available-for-sale securities and increase in prepaid expenses-noncurrent by JPY1,620 million to JPY6,607 million. Other investments as of March 31, 2017, consisted of JPY5,780 million in available-for-sale securities (including JPY5,464 million of strategic shareholdings), JPY1,124 million in nonmarketable equity securities and JPY1,021 million in investments in funds, including some through a trust. As of March 31, 2017, the balance of non-amortized intangible assets was JPY6,220 million, decreased by JPY82 million from the balance as of March 31, 2016 of JPY6,302 million. The major breakdown of non-amortized intangible assets was JPY6,170 million in goodwill and a decrease by JPY81 million to JPY15 million in trademark. The balance of amortized intangible assets, which was customer relationships, was JPY3,036 million, decreased by JPY380 million from the balance as of March 31, 2016 of JPY3,417 million. As of March 31, 2017, the balance of current liabilities was JPY39,983 million, increased by JPY3,917 million from the balance as of March 31, 2016 of JPY36,066 million. The major breakdown of current liabilities was an increase in accounts payable (trade and other) by JPY1,557 million to JPY16,962 million and an increase in capital lease obligations-current portion by JPY864 million to JPY4,819 million. As of March 31, 2017, the balance of noncurrent liabilities was JPY30,032 million, increased by JPY13,607 million from the balance as of March 31, 2016 of JPY16,425 million. The major breakdown of noncurrent liabilities was an increase in long-term borrowings by JPY8,500 million to JPY8,500 million and an increase in capital lease obligations-noncurrent by JPY2,605 million to JPY10,385 million. As of March 31, 2017, the balance of total IIJ shareholders’ equity was JPY66,742 million, increased by JPY1,897 million from the balance as of March 31, 2016 of JPY64,845 million. There were an increase in retained earnings by JPY2,041 million to JPY4,512 million, an increase in accumulated other comprehensive income by JPY1,303 million to JPY2,500 million mainly due to an increase the fair value of available-for-sale securities and an increase in treasury stock by JPY1,505 million to JPY1,897 million due to the repurchase of own shares, authorized at the meeting of IIJ’s Board of Directors held on November 4, 2016. IIJ shareholders’ equity ratio (total IIJ shareholders’ equity divided by total assets) as of March 31, 2017 was 48.6%. Cash and cash equivalents as of March 31, 2017 were JPY21,959 million (JPY19,569 million as of March 31, 2016). Net cash provided by operating activities for FY2016 was JPY7,368 million (net cash provided by operating activities of JPY12,052 million for FY2015.) There were net income of JPY3,332 million, depreciation and amortization of JPY10,894 million and net cash out flow of JPY7,026 million from changes in operating assets and liabilities. As for changes in operating assets and liabilities, there were an increase in accounts receivable mainly due to revenue growth, an increase in prepaid expenses (including prepaid expenses-noncurrent) and payments in relation to up front payment for software licenses and maintenance cost for service facilities. Net cash used in investing activities for FY2016 was JPY7,376 million (net cash used in investing activities of JPY8,377 million for FY2015), mainly due to payments for purchase of property and equipment of JPY10,624 million (JPY10,899 million for FY2015) and proceeds from sales of property and equipment, which include sales and leaseback, of JPY3,046 million (JPY2,574 million for FY2015). Net cash provided by financing activities for FY2016 was JPY2,492 million (net cash used in financing activities of JPY5,201 million for FY2015), mainly due to proceeds from long-term borrowings of JPY8,500 million, proceeds from financing in relation to procurement of software license of JPY1,498 million, principal payments under capital leases of JPY4,820 million (JPY4,194 million for FY2015), payments for purchase of treasury stock of JPY1,505 million and FY2015 year-end and FY2016 interim dividend payments of JPY1,126 million (JPY1,011 million for FY2015). Our financial targets for the fiscal year ending March 31, 2018 (FY2017) are as follows: With the continuous expansion of Japanese economy, Japanese enterprises’ ICT-related investment and spending should continuously grow during FY2017. Regarding consumer market in Japan, we expect the inexpensive SIM card services market to further penetrate. Based on these, we expect our operating income to improve with continuous expansion of revenue and gross margin. We target total revenue of JPY176.0 billion, up 11.5% year over year. We expect both enterprise and consumer mobile services to further increase, cloud-related revenue to reach to JPY18.0 billion, revenue contribution from a large-scale local government’s information security cloud project and other monthly recurring revenue services such as Internet connectivity, outsourcing, WAN and systems operation and maintenance revenue to continuously accumulate. We target operating income of JPY6.5 billion, up 26.6% year over year. While SG&A expenses such as sales commission, advertisement, and personnel related fees are to increase continuously, we expect network services gross margin continuous expansion and systems integration gross margin improvement, approximately 1 point increase from FY2016, should absorb such increase in SG&A and lead to an operating income increase. We target income before income tax expense of JPY6.5 billion, up 19.8% year over year. We target net income attributable to IIJ of JPY4.0 billion, up 26.3% year over year, considering taxes calculated by a normal statutory rate and income of equity method investees and non-controlling interests. Our FY2017 dividend forecast is as follows: The following table summarizes the reconciliation of adjusted EBITDA to net income attributable to IIJ in our consolidated statements of income that are prepared in accordance with U.S. GAAP. Presentation materials will be posted on our web site (http://www.iij.ad.jp/en/ir/) on May 15, 2017. Founded in 1992, IIJ is one of Japan's leading Internet-access and comprehensive network solutions providers. IIJ and its group companies provide total network solutions that mainly cater to high-end corporate customers. IIJ's services include high-quality Internet connectivity services, systems integration, cloud computing services, security services and mobile services. Moreover, IIJ has built one of the largest Internet backbone networks in Japan that is connected to the United States, the United Kingdom and Asia. IIJ listed on the U.S. NASDAQ Stock Market in 1999 and on the First Section of the Tokyo Stock Exchange in 2006. Statements made in this press release regarding IIJ’s or management’s intentions, beliefs, expectations, or predictions for the future are forward-looking statements that are based on IIJ’s and managements’ current expectations, assumptions, estimates and projections about its business and the industry. These forward-looking statements, such as statements regarding FY2016 revenues and operating and net profitability, are subject to various risks, uncertainties and other factors that could cause IIJ’s actual results to differ materially from those contained in any forward-looking statement. These risks, uncertainties and other factors include: IIJ’s ability to maintain and increase revenues from higher-margin services such as systems integration and outsourcing services; the possibility that revenues from connectivity services may decline substantially as a result of competition and other factors; the ability to compete in a rapidly evolving and competitive marketplace; the impact on IIJ's profits of fluctuations in costs such as backbone costs and subcontractor costs; the impact on IIJ's profits of fluctuations in the price of available-for-sale securities; the impact of technological changes in its industry; IIJ’s ability to raise additional capital to cover its indebtedness; the possibility that NTT, IIJ’s largest shareholder, may decide to exercise substantial influence over IIJ; and other risks referred to from time to time in IIJ’s filings on Form 20-F of its annual report and other filings with the United States Securities and Exchange Commission. The following tables are highlight data of fourth quarter FY2016 (3 months) consolidated financial results (unaudited, for the three months ended March 31, 2017). The following table summarizes the reconciliation of adjusted EBITDA to net income in our consolidated statements of income that are prepared in accordance with U.S. GAAP. The following table summarizes the reconciliation of capital expenditures to the purchase of property and equipment in our consolidated statements of cash flows that are prepared and presented in accordance with U.S. GAAP. Note: The following information is provided to disclose Internet Initiative Japan Inc. ("IIJ") financial results (unaudited) for the fiscal year ended March 31, 2017 (“FY2016”) in the form defined by the Tokyo Stock Exchange. Consolidated Financial Results for the Fiscal Year Ended March 31, 2017 [Under accounting principles generally accepted in the United States ("U.S. GAAP")] Company name: Internet Initiative Japan Inc. Exchange listed: Tokyo Stock Exchange First Section Stock code number: 3774 URL: http://www.iij.ad.jp/  Representative: Eijiro Katsu, President and Representative Director Contact: Akihisa Watai, Managing Director and CFO TEL: (03) 5205-6500 Scheduled date for annual general shareholder’s meeting: June 28, 2017 Scheduled date for dividend payment: June 29, 2017 Scheduled date for filing of annual report (Yuka-shoken-houkokusho) to Japan’s regulatory organization: June 30, 2017 Supplemental material on annual results: Yes Presentation on quarterly report: Yes (for institutional investors and analysts) 1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2017 (April 1, 2016 to March 31, 2017) (Note1) Total comprehensive income attributable to IIJ              Fiscal year ended March 31, 2017: JPY4,470 million (up 35.6% YoY) Fiscal year ended March 31, 2016: JPY3,296 million (down 7.1% YoY) (Note2) Income before income tax expense represents income from operations before income tax expense and equity in net income in equity method investees, respectively, in IIJ's consolidated financial statements. (Note) Change from the latest released dividend forecasts: No. 3. Target of Consolidated Financial Results for the Fiscal Year Ending March 31, 2018 (Note1) Changes from the latest forecasts released: No Company representative: Eijiro Katsu, President and Representative Director (Stock Code Number: 3774 The First Section of the Tokyo Stock Exchange) 1. About Our Largest Shareholder (As of March 31, 2017) 2. Position of the Listed Company (IIJ) within NTT Group and other relationships The ownership percentage by NTT, which is IIJ's largest shareholder, was 26.9% as of March 31, 2017, including its indirect ownership. However, IIJ's business activities are not affected by NTT's ownership in IIJ and IIJ is maintaining its management independence. IIJ uses services provided by Nippon Telegraph and Telephone East Corporation and Nippon Telegraph and Telephone West Corporation for a significant portion of IIJ’s access circuits, services provided by NTT Communications Corporation for a significant portion of IIJ’s domestic and international backbone circuits, and services provided by NTT DOCOMO, INC for a significant portion of IIJ’s mobile infrastructure, to provide Internet connectivity and other services to IIJ’s customers. IIJ also leases a part of Internet data center facilities from NTT Group companies to provide Internet data center services. The aggregate amount paid to for these services was JPY23,005 million for the fiscal year ended March 31, 2017. 4. Policy Concerning Measures to Protect Minority Shareholders in Transactions with NTT Group Business transactions with the NTT Group are within the scope of normal business practices and there is no special contract made in relation to the investment by NTT Group.


TOKYO, May 15, 2017 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. ("IIJ") (NASDAQ:IIJI) (TSE:3774) today announced its full year (“FY2016”) and fourth quarter (“4Q16”) consolidated financial results for the fiscal year ended March 31, 2017 (from April 1, 2016 to March 31, 2017).1 Overview of FY2016 Financial Results and Business Outlook “In FY2016, a number of business developments, ranging from cloud, mobile, security and CDN2 carried out in recent years, led to make our business growth fundamentals stronger. Our total revenue hit strong annual growth rate of 12.2%,” said Eijiro Katsu, President and COO of IIJ. “For cloud, more and more large-scale core enterprise systems of Japanese blue-chips are starting to make visible accumulation. Such projects include service platform for an online-ticketing company, unified business operation platform for a global manufacturing company’s group and local governments’ “Information Security Cloud.” We’ve been also continuously expanding service functions for “IIJ GIO Infrastructure P2 (“GIO P2”)”3 to meet complex cloud demands of Japanese blue-chips. Our FY2016 cloud revenue was JPY15.7 billion and we expect it to increase to JPY18.0 billion in FY2017 with these undergoing transactions and further order accumulation.” “For mobile, while the competition has been severe, we continue to accumulate subscription mainly through sales partners and MVNE.4 As of March 31, 2017, our total mobile subscription grew to 1.86 million, annual increase of 628 thousand subscriptions. Our mobile revenue also grew by 71.3% year over year to JPY26.7 billion. Our market share among MVNOs on net addition-base in Japan was approx. 24%.5 We’re very excited about becoming Japan’s first full-MVNO service provider6 as it will enable us to develop our own embedded SIMs which is a critical element for IoT7 and preparing service cut-over in 4Q17.” “As for security, we continue to see strong demands especially for Sandbox and DDoS protection services which led our FY2016 security services revenues to grow by 10.9% year over year. In addition to the existing security services, we launched Security Operation Center services by leveraging our massive network log data and an ability to analyze them. For CDN, we established a joint venture8 with 15 major Japanese broadcasting companies to provide reliable CDN platform. As we expect to be their primary IT provider, we should benefit from their requirement for significantly wide bandwidth.” “In terms of financial results, FY2016 operating income decreased year over year due to the overall cost increase along with the continuous business investments and a deterioration of SI gross margin.9 However in the latter half, the revenue and income accumulated accordingly with our revised plan announced in November 2016 and SI profitability recovered in 4Q16 by mainly improving the productivity of outsourcing personnel and with the absence of large-scale unprofitable projects.” “For FY2017, we target the total revenue of JPY176.0 billion, 11.5% annual increase, with continuous expansion of monthly recurring revenue services including mobile, many flagship GIO P2 projects, security and more. With the accumulation of recurring network services revenues and improvement of SI profitability should absorb increasing costs; thus FY2017 operating income should turn to increase to JPY6.5 billion, up by 26.6% year over year,” continued Katsu. “IT systems requiring IoT and BigData should significantly increase in the middle-to-long term. We believe that the value IIJ can offer as a total platform provider covering, network, cloud, mobile, security, and SI should become significant,” concluded Koichi Suzuki, Founder, Chairman and CEO of IIJ. 1 Unless otherwise stated, all financial figures discussed in this announcement are prepared in accordance with U.S. GAAP. All financial figures are unaudited and consolidated. 2 CDN (Contents Distribution Network) is an optimized network to distribute contents such as pictures and videos over Internet. 3 “IIJ GIO Infrastructure P2” was launched in November 2015 as a renewed service platform to further meet Japanese enterprises IT needs are certainly contributing to promote cloud shift. The services offer public and private cloud resources seamlessly and provide closed connectivity between our cloud services to Amazon’s AWS and Microsoft Azure services to meet hybrid and multi cloud systems needs. 4 MVNE (Mobile Virtual Network Enabler) provides business and service infrastructure to MVNOs. 5 Out of 5.9 hundred thousand total net addition for all MVNOs subscription from October to December 2016 in Japan, our net addition was 1.4 hundred thousand, making approx. 24% shares. These figures are according to the report published by the Ministry of Internal Affairs and Communications in March 2017. 6 For details, please refer to our press release titled “IIJ Begins to Engage in a Full MVNO for Enhanced MVNO Business” announced in August 2016. 7 IoT (Internet of Things) enables not only physical objects but also any “things” connected to network to exchange information automatically. 8 JOCDN Inc. which is our equity method investee with a 20% ownership. 9 As we disclosed in our financial target revision for FY2016 (announced in November 2016), low productivity of systems engineers in 1H16 and some unprofitable large-scale projects led to a sharp decline in systems integration profitability. We have omitted segment analysis because most of our revenues are dominated by network services and systems integration (SI) business. Total revenues were JPY157,789 million, up 12.2% YoY (JPY140,648 million for FY2015). Network services revenue was JPY92,996 million, up 17.3% YoY (JPY79,296 million for FY2015). Revenues for Internet connectivity services for enterprise were JPY22,634 million, up 28.6% YoY from JPY17,597 million for FY2015, mainly due to an increase in mobile-related services revenues along with an expansion of MVNE business clients’ business transaction. Revenues for Internet connectivity services for consumers were JPY21,735 million, up 42.5% YoY from JPY15,256 million for FY2015, mainly due to the revenue growth of “IIJmio Mobile Services,” consumer mobile services which offer inexpensive data communication and voice services with SIM cards. Revenues for WAN services were JPY26,460 million, up 5.1% YoY compared to JPY25,177 million for FY2015. Revenues for Outsourcing services were JPY22,167 million, up 4.2% YoY from JPY21,266 million for FY2015, mainly due to an increase in security-related services revenues. SI revenues were JPY57,749 million, up 6.6% YoY (JPY54,188 million for FY2015). Systems construction revenue, a one-time revenue, was JPY22,626 million, up 7.0% YoY, mainly due to an increase and an expansion of the business transactions. Systems operation and maintenance revenue, a recurring revenue, was JPY35,123 million, up 6.3% YoY, mainly due to an increase in private cloud services’ revenues and an increase of operation and maintenance which was shifted from systems construction projects. Orders received for SI and equipment sales totaled JPY68,599 million, up 10.5% YoY; orders received for systems construction and equipment sales were JPY26,721 million, up 3.7% YoY and orders received for systems operation and maintenance were JPY41,877 million, up 15.4% YoY. Order backlog for SI and equipment sales as of March 31, 2017 amounted to JPY41,501 million, up 23.3% YoY; order backlog for systems construction and equipment sales was JPY7,179 million, up 18.1% YoY and order backlog for systems operation and maintenance was JPY34,322 million, up 24.5% YoY. Equipment sales revenues were JPY2,994 million, down 8.6% YoY (JPY3,275 million for FY2015) mainly due to the fluctuation in sales of devises such as mobile devices. ATM operation business revenues were JPY4,050 million, up 4.1% YoY (JPY3,889 million for FY2015). As of March 31, 2017, 1,066 ATMs have been placed. Total cost of revenues was JPY132,542 million, up 14.3% YoY (JPY115,993 million for FY2015). Cost of network services revenue was JPY76,387 million, up 18.9% YoY (JPY64,239 million for FY2015). There were an increase in outsourcing-related costs with our mobile infrastructure enhancement along with our mobile-related revenue increase, an increase in circuit-related costs along with our WAN services revenue increase, and an increase in network operation-related costs. Regarding NTT Docomo’s interconnectivity charge for MVNO-related services, the charge based on their FY2015 actual cost was revised in March 2017 and it decreased by 14% (excluding the cost for borrowing SIM cards which arrangement took place during FY2016) year over year. Our estimate of 12% decrease, which rate had been applied to our mobile interconnectivity cost calculation from 1Q16, ended up in line with our initial estimate together with the cost for borrowing SIM. Gross margin was JPY16,609 million, up 10.3% YoY and gross margin ratio was 17.9% compared to 19.0% in FY2015. Cost of SI revenues was JPY50,992 million, up 10.3% YoY (JPY46,226 million for FY2015). There were an increase in outsourcing-related and personnel-related costs along with an increase of large-scale SI transactions and an increase in network operation-related costs mainly along with the launch of “IIJ GIO Infrastructure P2.” Gross margin was JPY6,756 million, down 15.2% YoY and gross margin ratio was 11.7% compared to 14.7% in FY2015. It was mainly due to profit deterioration resulted from low productivity of systems engineers and the delay in offering some functions of our ASP-type foreign exchange system, especially in 1H16. Cost of equipment sales revenues was JPY2,735 million, down 7.9% YoY (JPY2,969 million for FY2015) along with the revenue decrease. Gross margin was JPY260 million (JPY306 million for FY2015) and gross margin ratio was 8.7% compared to 9.4% in FY2015. Cost of ATM operation business revenues was JPY2,428 million, down 5.1% YoY (JPY2,559 million for FY2015). Gross margin was JPY1,622 million (JPY1,330 million for FY2015) and gross margin ratio was 40.1% compared to 34.2% in FY2015. SG&A and R&D expenses in total were JPY20,113 million, up 8.6% YoY (JPY18,515 million for FY2015). Sales and marketing expenses were JPY11,432 million, up 8.0% YoY (JPY10,589 million for FY2015) mainly due to increases in sales commission expenses of mobile-related services and advertising expenses. General and administrative expenses were JPY8,215 million, up 10.0% YoY (JPY7,471 million for FY2015) mainly due to increases in office rent expenses. Research and development expenses were JPY466 million, up 2.4% YoY (JPY455 million for FY2015). Operating income was JPY5,134 million, down 16.4% YoY (JPY6,140 million for FY2015). Other income (expenses) was an income of JPY293 million (an income of JPY53 million for FY2015), mainly because of net gain on sales of other investments of JPY217 million (JPY24 million for FY2015), distribution from fund investment of JPY321 million (included in other-net of JPY315 million, JPY209 million for FY2015), dividend income of JPY118 million from other investments (JPY93 million for FY2015), interest expense of JPY304 million (JPY241 million for FY2015) and foreign exchange losses of JPY45 million (JPY71 million for FY2015). Income before income tax expenses was JPY5,427 million, down 12.4% YoY (JPY6,193 million for FY2015). Equity in net income of equity method investees was JPY130 million (JPY180 million for FY2015) mainly due to net income of Internet Multifeed Co. As a result of the above, net income was JPY3,332 million, down 20.5% YoY (JPY4,190 million for FY2015). Net income attributable to non-controlling interests was JPY165 million mainly related to net income of Trust Networks Inc. (JPY152 million for FY2015). Net income attributable to IIJ was JPY3,167 million, down 21.6% YoY (JPY4,038 million for FY2015). As of March 31, 2017, the balance of total assets was JPY137,395 million, increased by JPY19,560 million from the balance as of March 31, 2016 of JPY117,835 million. As of March 31, 2017, the balance of current assets was JPY63,722 million, increased by JPY10,316 million from the balance as of March 31, 2016 of JPY53,406 million. The major breakdown of current assets was an increase in accounts receivable by JPY3,637 million to JPY27,384 million, an increase in cash and cash equivalents by JPY2,389 million to JPY21,959 million, an increase in prepaid expenses by JPY2,841 million to JPY7,611 million and an increase in inventories by JPY794 million to JPY2,798 million. As of March 31, 2017, the balance of noncurrent assets was JPY73,673 million, increased by JPY9,244 million from the balance as of March 31, 2016 of JPY64,429 million. The major breakdown of noncurrent assets was an increase in property and equipment by JPY5,451 million to JPY39,775 million, an increase in other investments by JPY1,976 million to JPY7,925 million mainly due to an increase in the fair value of available-for-sale securities and increase in prepaid expenses-noncurrent by JPY1,620 million to JPY6,607 million. Other investments as of March 31, 2017, consisted of JPY5,780 million in available-for-sale securities (including JPY5,464 million of strategic shareholdings), JPY1,124 million in nonmarketable equity securities and JPY1,021 million in investments in funds, including some through a trust. As of March 31, 2017, the balance of non-amortized intangible assets was JPY6,220 million, decreased by JPY82 million from the balance as of March 31, 2016 of JPY6,302 million. The major breakdown of non-amortized intangible assets was JPY6,170 million in goodwill and a decrease by JPY81 million to JPY15 million in trademark. The balance of amortized intangible assets, which was customer relationships, was JPY3,036 million, decreased by JPY380 million from the balance as of March 31, 2016 of JPY3,417 million. As of March 31, 2017, the balance of current liabilities was JPY39,983 million, increased by JPY3,917 million from the balance as of March 31, 2016 of JPY36,066 million. The major breakdown of current liabilities was an increase in accounts payable (trade and other) by JPY1,557 million to JPY16,962 million and an increase in capital lease obligations-current portion by JPY864 million to JPY4,819 million. As of March 31, 2017, the balance of noncurrent liabilities was JPY30,032 million, increased by JPY13,607 million from the balance as of March 31, 2016 of JPY16,425 million. The major breakdown of noncurrent liabilities was an increase in long-term borrowings by JPY8,500 million to JPY8,500 million and an increase in capital lease obligations-noncurrent by JPY2,605 million to JPY10,385 million. As of March 31, 2017, the balance of total IIJ shareholders’ equity was JPY66,742 million, increased by JPY1,897 million from the balance as of March 31, 2016 of JPY64,845 million. There were an increase in retained earnings by JPY2,041 million to JPY4,512 million, an increase in accumulated other comprehensive income by JPY1,303 million to JPY2,500 million mainly due to an increase the fair value of available-for-sale securities and an increase in treasury stock by JPY1,505 million to JPY1,897 million due to the repurchase of own shares, authorized at the meeting of IIJ’s Board of Directors held on November 4, 2016. IIJ shareholders’ equity ratio (total IIJ shareholders’ equity divided by total assets) as of March 31, 2017 was 48.6%. Cash and cash equivalents as of March 31, 2017 were JPY21,959 million (JPY19,569 million as of March 31, 2016). Net cash provided by operating activities for FY2016 was JPY7,368 million (net cash provided by operating activities of JPY12,052 million for FY2015.) There were net income of JPY3,332 million, depreciation and amortization of JPY10,894 million and net cash out flow of JPY7,026 million from changes in operating assets and liabilities. As for changes in operating assets and liabilities, there were an increase in accounts receivable mainly due to revenue growth, an increase in prepaid expenses (including prepaid expenses-noncurrent) and payments in relation to up front payment for software licenses and maintenance cost for service facilities. Net cash used in investing activities for FY2016 was JPY7,376 million (net cash used in investing activities of JPY8,377 million for FY2015), mainly due to payments for purchase of property and equipment of JPY10,624 million (JPY10,899 million for FY2015) and proceeds from sales of property and equipment, which include sales and leaseback, of JPY3,046 million (JPY2,574 million for FY2015). Net cash provided by financing activities for FY2016 was JPY2,492 million (net cash used in financing activities of JPY5,201 million for FY2015), mainly due to proceeds from long-term borrowings of JPY8,500 million, proceeds from financing in relation to procurement of software license of JPY1,498 million, principal payments under capital leases of JPY4,820 million (JPY4,194 million for FY2015), payments for purchase of treasury stock of JPY1,505 million and FY2015 year-end and FY2016 interim dividend payments of JPY1,126 million (JPY1,011 million for FY2015). Our financial targets for the fiscal year ending March 31, 2018 (FY2017) are as follows: With the continuous expansion of Japanese economy, Japanese enterprises’ ICT-related investment and spending should continuously grow during FY2017. Regarding consumer market in Japan, we expect the inexpensive SIM card services market to further penetrate. Based on these, we expect our operating income to improve with continuous expansion of revenue and gross margin. We target total revenue of JPY176.0 billion, up 11.5% year over year. We expect both enterprise and consumer mobile services to further increase, cloud-related revenue to reach to JPY18.0 billion, revenue contribution from a large-scale local government’s information security cloud project and other monthly recurring revenue services such as Internet connectivity, outsourcing, WAN and systems operation and maintenance revenue to continuously accumulate. We target operating income of JPY6.5 billion, up 26.6% year over year. While SG&A expenses such as sales commission, advertisement, and personnel related fees are to increase continuously, we expect network services gross margin continuous expansion and systems integration gross margin improvement, approximately 1 point increase from FY2016, should absorb such increase in SG&A and lead to an operating income increase. We target income before income tax expense of JPY6.5 billion, up 19.8% year over year. We target net income attributable to IIJ of JPY4.0 billion, up 26.3% year over year, considering taxes calculated by a normal statutory rate and income of equity method investees and non-controlling interests. Our FY2017 dividend forecast is as follows: The following table summarizes the reconciliation of adjusted EBITDA to net income attributable to IIJ in our consolidated statements of income that are prepared in accordance with U.S. GAAP. Presentation materials will be posted on our web site (http://www.iij.ad.jp/en/ir/) on May 15, 2017. Founded in 1992, IIJ is one of Japan's leading Internet-access and comprehensive network solutions providers. IIJ and its group companies provide total network solutions that mainly cater to high-end corporate customers. IIJ's services include high-quality Internet connectivity services, systems integration, cloud computing services, security services and mobile services. Moreover, IIJ has built one of the largest Internet backbone networks in Japan that is connected to the United States, the United Kingdom and Asia. IIJ listed on the U.S. NASDAQ Stock Market in 1999 and on the First Section of the Tokyo Stock Exchange in 2006. Statements made in this press release regarding IIJ’s or management’s intentions, beliefs, expectations, or predictions for the future are forward-looking statements that are based on IIJ’s and managements’ current expectations, assumptions, estimates and projections about its business and the industry. These forward-looking statements, such as statements regarding FY2016 revenues and operating and net profitability, are subject to various risks, uncertainties and other factors that could cause IIJ’s actual results to differ materially from those contained in any forward-looking statement. These risks, uncertainties and other factors include: IIJ’s ability to maintain and increase revenues from higher-margin services such as systems integration and outsourcing services; the possibility that revenues from connectivity services may decline substantially as a result of competition and other factors; the ability to compete in a rapidly evolving and competitive marketplace; the impact on IIJ's profits of fluctuations in costs such as backbone costs and subcontractor costs; the impact on IIJ's profits of fluctuations in the price of available-for-sale securities; the impact of technological changes in its industry; IIJ’s ability to raise additional capital to cover its indebtedness; the possibility that NTT, IIJ’s largest shareholder, may decide to exercise substantial influence over IIJ; and other risks referred to from time to time in IIJ’s filings on Form 20-F of its annual report and other filings with the United States Securities and Exchange Commission. The following tables are highlight data of fourth quarter FY2016 (3 months) consolidated financial results (unaudited, for the three months ended March 31, 2017). The following table summarizes the reconciliation of adjusted EBITDA to net income in our consolidated statements of income that are prepared in accordance with U.S. GAAP. The following table summarizes the reconciliation of capital expenditures to the purchase of property and equipment in our consolidated statements of cash flows that are prepared and presented in accordance with U.S. GAAP. Note: The following information is provided to disclose Internet Initiative Japan Inc. ("IIJ") financial results (unaudited) for the fiscal year ended March 31, 2017 (“FY2016”) in the form defined by the Tokyo Stock Exchange. Consolidated Financial Results for the Fiscal Year Ended March 31, 2017 [Under accounting principles generally accepted in the United States ("U.S. GAAP")] Company name: Internet Initiative Japan Inc. Exchange listed: Tokyo Stock Exchange First Section Stock code number: 3774 URL: http://www.iij.ad.jp/  Representative: Eijiro Katsu, President and Representative Director Contact: Akihisa Watai, Managing Director and CFO TEL: (03) 5205-6500 Scheduled date for annual general shareholder’s meeting: June 28, 2017 Scheduled date for dividend payment: June 29, 2017 Scheduled date for filing of annual report (Yuka-shoken-houkokusho) to Japan’s regulatory organization: June 30, 2017 Supplemental material on annual results: Yes Presentation on quarterly report: Yes (for institutional investors and analysts) 1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2017 (April 1, 2016 to March 31, 2017) (Note1) Total comprehensive income attributable to IIJ              Fiscal year ended March 31, 2017: JPY4,470 million (up 35.6% YoY) Fiscal year ended March 31, 2016: JPY3,296 million (down 7.1% YoY) (Note2) Income before income tax expense represents income from operations before income tax expense and equity in net income in equity method investees, respectively, in IIJ's consolidated financial statements. (Note) Change from the latest released dividend forecasts: No. 3. Target of Consolidated Financial Results for the Fiscal Year Ending March 31, 2018 (Note1) Changes from the latest forecasts released: No Company representative: Eijiro Katsu, President and Representative Director (Stock Code Number: 3774 The First Section of the Tokyo Stock Exchange) 1. About Our Largest Shareholder (As of March 31, 2017) 2. Position of the Listed Company (IIJ) within NTT Group and other relationships The ownership percentage by NTT, which is IIJ's largest shareholder, was 26.9% as of March 31, 2017, including its indirect ownership. However, IIJ's business activities are not affected by NTT's ownership in IIJ and IIJ is maintaining its management independence. IIJ uses services provided by Nippon Telegraph and Telephone East Corporation and Nippon Telegraph and Telephone West Corporation for a significant portion of IIJ’s access circuits, services provided by NTT Communications Corporation for a significant portion of IIJ’s domestic and international backbone circuits, and services provided by NTT DOCOMO, INC for a significant portion of IIJ’s mobile infrastructure, to provide Internet connectivity and other services to IIJ’s customers. IIJ also leases a part of Internet data center facilities from NTT Group companies to provide Internet data center services. The aggregate amount paid to for these services was JPY23,005 million for the fiscal year ended March 31, 2017. 4. Policy Concerning Measures to Protect Minority Shareholders in Transactions with NTT Group Business transactions with the NTT Group are within the scope of normal business practices and there is no special contract made in relation to the investment by NTT Group.


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

New Security Operations Center to help companies of all sizes defend themselves against costly security attacks FREDERICTON, NB--(Marketwired - Feb 15, 2017) - Bulletproof, a trusted leader in IT Security, Secure Cloud, Managed, and Education Services, announced today the launch of its state of the art Security Operation Center (SOC) that has already resulted in the creation of 15 new jobs. The SOC expands Bulletproof's Security service availability in North America, and responds to the growing demand for security and risk management expertise. "This center is a natural progression to our deeply entrenched security roots which we have provided customers for the past 16 years. The next phase of Bulletproof will see it become a global player in specific verticals like gaming and lottery, and this center is the catalyst. Bulletproof currently supports customers in 22 different countries and those exports will continue to grow with this state of the art 1.5M Security Operations Center," states Bulletproof Founder & CEO Steven Burns. With the increasingly dangerous threat landscape (more powerful hackers, more sophisticated attacks), the growing complexity of IT (cloud computing, infrastructure virtualization), and a dramatic shortage in qualified cybersecurity professionals means that companies of all sizes can benefit from SOC-as-a-service. Bulletproof's customers benefit from the most advanced data breach prevention and 24/7 managed security services that until recently were only available to large enterprises with big budgets. Bulletproof's SOC service offerings include: ABOUT BULLETPROOF: Bulletproof was founded in 2000 and began operations in 2001 as a Security Consulting Firm but quickly diversified into offering a wider menu of Information Technology (IT) services with a focus on Managed Services. Bulletproof's competitive advantage is our agility and responsiveness to our clients, our proven track record, and our security centric approach to our delivery. Our executives are approachable, accountable, and committed to our client's success. For more information, visit www.bulletproofsi.com. On May 31, 2016 GLI Group, acquired Bulletproof. GLI has a demonstrated a track record of investment and is committed to Bulletproof's growth and success. This acquisition will enable Bulletproof to become a global player for Information Technology services within the current verticals serviced by the GLI Capital Group of companies. More info can be found at www.gaminglabs.com.


8.8 million USD contract follows successful collaboration and consists of a four-year base term with two additional one-year optional support periods VIENNA, 27-Feb-2017 — /EuropaWire/ — Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, announces that its subsidiary Kapsch TrafficCom North America was awarded a four-year contract to design and install an Agency-Wide Transportation Management Software (ATMS). The contract consists of a four-year base term followed by two additional one-year optional support periods. Powered by Kapsch’s DYNAC® software, the new system will enable the Authority to manage ITS assets at its bridges, tunnels, aviation and port facilities, and the PATH rail transit system from any of its individual facility Operations Control Centers (OCC) as well as the Authority’s Agency Operation Center (PA-AOC). The new ATMS will help the Authority improve operational efficiency, agency-wide visibility of travel conditions, and enhance regional transportation coordination. The potential total value is approximately 8.2 million Euro (8.8 million USD). Kapsch has a strong local presence in New York and New Jersey. In July 2016, Kapsch was awarded a contract to replace the toll collection system and perform ongoing system maintenance upon completion of the new toll system installation for a six-year period at all bridges and tunnels managed by the Port Authority of New York and New Jersey. The new ATMS will enable PANYNJ to better manage its critical transportation-related assets. Kapsch will merge 21 independent traffic and facility management data systems into a single enterprise DYNAC-based ATMS that will manage the Authority’s vital “Gateways to the Nation” transportation assets including the George Washington, Bayonne, Goethals Bridges & the Outerbridge Crossing, Lincoln & Holland Tunnels, LaGuardia, JFK International & Newark Liberty International Airports and the Port Newark-Elizabeth Marine Terminal. Deployed in redundant data centers to improve reliability, maintainability and security, the new ATMS will replace independent legacy systems with an agency-wide, next generation architecture. All Authority assets will be able to be managed from any individual facility as well as the PA-AOC, providing agency-wide situational awareness. The ATMS will enable rapid, consistent, and appropriate response to traffic incidents and tunnel life safety events by generating and executing real-time response plans to help the facility and AOC operators expertly manage time sensitive, critical situations. New software at the Ferry Transportation Unit, Port Authority Bus Terminal, GWB Bus Station, Teterboro & Stewart International Airports and PATH will inform all Authority facilities on the status of the regional transportation network. The ATMS will facilitate enhanced motorist safety and mobility by improving regional travel throughout the PANYNJ’s transportation system infrastructure. The ATMS will communicate with 511 database and the traffic and incident data systems used by the Authority to convey real-time traveler information to regional transportation agencies and the traveling public. This streamlined interface will improve agency operational efficiency and information accuracy, facilitate consistent workflows, and enhance environmental monitoring and reporting capabilities. Kapsch TrafficCom is a provider of intelligent transportation systems (ITS) in the segments of toll collection, city access control and parking space management, traffic management, traffic monitoring, utility vehicle monitoring, electronic vehicle registration and V2X cooperative systems. The end-to-end solutions of Kapsch TrafficCom cover the entire value creation chain of its customers, from components and design to the installation and operation of systems, all from a single source. The core business comprises the development, installation and operation of electronic toll collection and traffic management systems. Reference projects in more than 50 countries on all continents have made Kapsch TrafficCom a globally recognized ITS provider. As part of the Kapsch Group, an Austrian family-owned technology group founded in 1892, Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and branches in 33 countries. It has also been listed since 2007 on the Vienna Stock Exchange (KTCG) and earned revenues of EUR 526 million in the 2015/16 fiscal year. The company employs over 4,600 employees worldwide. Alexandra Vieh Head of Marketing and PR, Global Kapsch TrafficCom AG Am Europlatz 2, 1120 Vienna, Austria P +43 50811 1728 alexandra.vieh@kapsch.net


North American service provider will use TEOCO’s Helix for new SOC solution aimed at enterprise customers FAIRFAX, VA., USA – 21 FEBRUARY 2017 – TEOCO, the leading provider of analytics, assurance and optimization solutions to over 300 communication service providers (CSPs) and OEMs worldwide, today announced it has been selected to provide Helix, its end-to-end Service Assurance solution - as part of its complete Enterprise business transformation project for a Tier 1 service provider in North America led by Amdocs, the leading provider of customer experience solutions. The North American service provider will use Helix in its new service offering for large enterprise customers. Combined with Amdocs’ network service assurance expertise, delivered in a managed services model, the new service will offer enterprises full management and monitoring of their networks and will ensure maximum network availability, rapid problem solving and that committed service level agreements (SLAs) are met. Furthermore, by integrating the Helix solution with Amdocs Business and Operational Support systems (BSS/OSS), the service provider will be able to power its Service Operation Center (SOC) with the most advanced service assurance capabilities and enable them to prioritize remediation according to customer impact and SLAs. These include: “Enterprise customers place high demands on their network providers – any outage or service unavailability will hit their bottom line and is therefore unacceptable,” said Shachar Ebel, CTO of TEOCO. “We’re delighted to continue our fruitful partnership with Amdocs and work together with a major service provider in North America, helping to ensure that they have full visibility of their networks and keeping them free of faults for the benefit of their enterprise customers. Helix will scale to meet the service provider’s growth needs on a nationwide level, and will serve customers from the moment their service is activated.” About TEOCO TEOCO is a leading provider of analytics, assurance and optimization solutions to over 300 communication service providers (CSPs) and OEMs worldwide. Our solutions enable the digital transformation of CSPs while enhancing their network QoS, improving their customer experience and reducing their operational costs. Through advanced analytics, TEOCO solutions provide actionable and measureable insights into network and customer behavior. This includes the optimization, effective monetization, and delivery of new and existing services, such as VoLTE and ViLTE. Our commitment to network flexibility and agility makes TEOCO the obvious choice for CSPs looking to leverage NFV/SDN and the rise of 5G, and to maximize the revenue potential of new opportunities tied to the emerging Internet of Things (IoT).

Loading Operation Center collaborators
Loading Operation Center collaborators