News Article | May 6, 2017
Datamatics Awarded as the Fastest Growing Indian Company in the UK Mumbai, India, May 06, 2017 --( To be included in the Tracker, now in its fourth year, Indian corporates must have a minimum two-year track record in the UK, turnover of more than 5 million pounds and year-on-year revenue growth of at least 10 per cent. Datamatics Infotech Ltd. topped this year’s list with a growth rate of 103%. Speaking on the occasion, Rahul Kanodia, Vice Chairman & CEO said, “It’s an honour to receive such prestigious recognitions. It has been our constant endeavour to provide smart services and solutions to our global customers. These smart solutions have been helping our customers maintain an edge in the highly competitive market; and this growth is a true reflection of our customer centric approach and corporate strategy to provide innovative solutions.” Datamatics has been helping its customers in their Digital Transformation journey. The Company provides new age as well traditional services & solutions to its customers; that are scalable and provide increased efficiency. Some of the innovative solutions include Robotic Process Automation, Robotic Test Automation, Advance Analytics and enterprise Mobility, while the traditional services include Application Management, Enterprise Content Management, Enterprise Data Management, Enterprise Collaboration, Business Process Management, Claims Management, Finance & Accounting Services, and Automatic Fare Collection amongst others. The Tracker highlights 55 of the fastest-growing Indian companies in the UK, as well as the top Indian employers, and provides insight into the evolving scale, business activities, locations and performance of the Indian-owned companies making the biggest impact in the UK. About Datamatics Global Services Datamatics is a global provider of Consulting, Information Technology (IT), Data Management and Business Process Management services to several Fortune 500 companies. Datamatics has a fully integrated offering to support digital transformation of organizations through Smart Processes, Smart Systems, Smart Devices and Smart Data. These solutions are powered by Robotics, Artificial Intelligence and Machine Learning algorithms which offer improved business efficiency in the interconnected world. The core operation of Datamatics is built around “Data to Intelligence,” wherein Datamatics leverages data to extract intelligence and patterns thereby facilitating smarter and quicker decision making. Datamatics has adopted the highest standards of service quality and operational excellence, enabling its clients across a wide range of industry verticals to transform into a truly digital, data driven enterprise. Its customised solutions help enterprises maximize productivity, improve speed and accuracy. Headquartered in Mumbai, the company has a presence across America, Australia, Asia and Europe. Safe Harbour Some of the statements in this update that are not historical facts are forward-looking statements. These forward- looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry. For media queries, please contact: Nikita Suratwala AGM – Marketing & Corporate Communications Datamatics Global Services Limited firstname.lastname@example.org Mumbai, India, May 06, 2017 --( PR.com )-- Datamatics Infotech Ltd. (DIL), a subsidiary of Datamatics Global Services Limited (DGSL) was recently awarded as the “Fastest Growing Indian Company” in the ‘4th India meets Britain tracker 2017’ report, which was released by Grant Thornton in collaboration with the Confederation of India Industry (CII). Datamatics was also awarded as the “Fastest Growing Technology Company” and “Fastest Growing New Entrant” in the same report. The award was presented in the UK by the Deputy High Commissioner of India to UK His Excellency Dinesh K. Patnaik.To be included in the Tracker, now in its fourth year, Indian corporates must have a minimum two-year track record in the UK, turnover of more than 5 million pounds and year-on-year revenue growth of at least 10 per cent. Datamatics Infotech Ltd. topped this year’s list with a growth rate of 103%.Speaking on the occasion, Rahul Kanodia, Vice Chairman & CEO said, “It’s an honour to receive such prestigious recognitions. It has been our constant endeavour to provide smart services and solutions to our global customers. These smart solutions have been helping our customers maintain an edge in the highly competitive market; and this growth is a true reflection of our customer centric approach and corporate strategy to provide innovative solutions.”Datamatics has been helping its customers in their Digital Transformation journey. The Company provides new age as well traditional services & solutions to its customers; that are scalable and provide increased efficiency. Some of the innovative solutions include Robotic Process Automation, Robotic Test Automation, Advance Analytics and enterprise Mobility, while the traditional services include Application Management, Enterprise Content Management, Enterprise Data Management, Enterprise Collaboration, Business Process Management, Claims Management, Finance & Accounting Services, and Automatic Fare Collection amongst others.The Tracker highlights 55 of the fastest-growing Indian companies in the UK, as well as the top Indian employers, and provides insight into the evolving scale, business activities, locations and performance of the Indian-owned companies making the biggest impact in the UK.About Datamatics Global ServicesDatamatics is a global provider of Consulting, Information Technology (IT), Data Management and Business Process Management services to several Fortune 500 companies. Datamatics has a fully integrated offering to support digital transformation of organizations through Smart Processes, Smart Systems, Smart Devices and Smart Data. These solutions are powered by Robotics, Artificial Intelligence and Machine Learning algorithms which offer improved business efficiency in the interconnected world. The core operation of Datamatics is built around “Data to Intelligence,” wherein Datamatics leverages data to extract intelligence and patterns thereby facilitating smarter and quicker decision making.Datamatics has adopted the highest standards of service quality and operational excellence, enabling its clients across a wide range of industry verticals to transform into a truly digital, data driven enterprise. Its customised solutions help enterprises maximize productivity, improve speed and accuracy. Headquartered in Mumbai, the company has a presence across America, Australia, Asia and Europe.Safe HarbourSome of the statements in this update that are not historical facts are forward-looking statements. These forward- looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry.For media queries, please contact: Nikita SuratwalaAGM – Marketing & Corporate Communications Datamatics Global Services Limited email@example.com Click here to view the list of recent Press Releases from Datamatics Global Services Limited
News Article | May 4, 2017
— Semiconductor Packaging Material Global Market Synopsis & Scenario Semiconductor packaging material global market is growing with the up surged Sales of Smartphones and Smart Devices, however the growth may get restricted by the high Dependency on Performance of Semiconductor Equipment Industry Redistributed Chip Packaging is is very popular in the market; this has ultimately become a trend followed by almost every manufacturer of the global market of Semiconductor Packaging Material. Semiconductor Packaging Material Global Market Key Players Semiconductor packaging material manufacturers and subcontractors are experiencing a severe pricing pressure from their customers. Thus, manufacturers are pushing cost reduction at a faster pace to offset erosion in semiconductor average selling prices (ASP). Identified by MRFR Analysts, as the leading market players operating in the global semiconductor packaging material market primarily include • Henkel AG • Hitachi Chemical • Sumitomo Chemical • Kyocera Chemical • Mitsui High-Tec • Toray Industries Corporation • Alent PLC • LG Chemical Semiconductor Packaging Material Global Market Segmentation Semiconductor packaging material global market has been segmented in to 2 key dynamics for an enhanced understanding and convenience of the report. By Types: Organic substrates, bonding wires, encapsulation resins, ceramic packages, solder balls, wafer level packaging dielectrics and others. By Technology: Grid Array, Small Outline Package, Dual Flat No-Leads, Quad Flat Package, Dual In-Line Package and others. The World of consumer electronics shapes (Changes) depending upon the changes taking place in semiconductor devices world ie the thickness of the semiconductor device, die (diodes) attached and bonding wire and encapsulated with materials playing a major role enabling the development of newer packaging technologies. Semiconductor Packaging Material Market Regional Analysis Geographically, Asia-Pacific is one of the crucial markets due to the presence of vast electronic industry in China, Japan and South Korea. This factor has placed Asia-Pacific the leading market in near future followed by North America and Europe. Semiconductor Packaging Material Global Market – Overview A semiconductor package refers to a metal, plastic, glass or ceramic casing containing one or more semiconductor electronic components. Individual discrete components are typically etched in silicon wafer before being cut and assembled in a package. The package provides protection against impact and corrosion holds the contact pins or leads which are used to connect from external circuits to the device, and dissipates heat produced in the device. Thousands of standard package types are made, with some made to industry-wide standards and some particular to an individual manufacturer. Semiconductor Packaging Material Market has witnessed a remarkable growth over the past few years, globally, owing to the rising demand for mobile phones, tablets and other communication devices and as per the MRFR estimation the market will keep on growing during the forecast year. The global semiconductor packaging material market had valued in billions in 2015, the market is expected to grow further surpassing its previous growth records by 2027 with a remarkable CAGR during the forecasted period (2017-2027), predicts the Market Research Future in the recent study report - Global Semiconductor Packaging Material Market. The semiconductor packaging materials is a major platform to the success of the semiconductor business across the globe and the changes in consumer electronics is driving the changes in packaging materials market. The major factor driving the global market of SPM is constantly growing mobile industry and technological advancements. The global market of semiconductor packaging material has augmented exceptionally well owing to the increased demand for mobile and other communication devices, enlightens us the MRFR Team Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures, widely spread over 115 pages Table of Content 1 Executive Summary 2 Scope Of The Report 2.1 Market Definition 2.2 Scope Of The Study 2.2.1 Research Objectives 2.2.2 Assumptions & Limitations 2.3 Markets Structure 3 Market Research Methodologies 3.1 Research Process 3.2 Secondary Research 3.3 Primary Research 3.4 Forecast Model 4 Market Landscape 4.1 Five Forces Analysis 4.1.1 Threat Of New Entrants 4.1.2 Bargaining power of buyers 4.1.3 Threat of substitutes 4.1.4 Segment rivalry 4.2 Value Chain of Global Semiconductor Packaging Material Market 5 Industry Overview of Global Semiconductor Packaging Material Market 5.1 Introduction 5.2 Growth Drivers 5.3 Impact analysis 5.4 Market Challenges 5.5 Impact analysis 6 Market Trends 6.1 Introduction 6.2 Growth Trends 6.3 Impact analysis Continue…… Related Report Global Glass Packaging Market Information by Application (Alcoholic beverages, food & beverages, pharmaceuticals and others) and by Region - Forecast to 2021 https://www.marketresearchfuture.com/reports/glass-packaging-market About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. For more information, please visit https://www.marketresearchfuture.com/reports/semiconductor-packaging-material-market
News Article | May 28, 2017
InGen Dynamics Inc (Aido) today announced that it has made significant progress on the Aido Home Robot project launched 12 months back. The company recently released a prototype video to early backers and the company investors showcasing some of the functionality developed. The demonstrated features include - Multiple Face Recognition, Emotion recognition, New Face enrollment / training, Speech recognition, Projector operation, App Box, Learning Center, Android Games, Companion App with telepresence functionality and remote control of Aido, Environment Sensors, Smart Devices interaction, Facebook integration, Story Teller application with libraries available, Health Application, House Maintenance Application, Barcode scanner for Grocery items and recipe locator, Behaviour Editor for Aido, Personality Engine and loading different personalities, Automate Application, Scene recognition among others. From a a successful crowdfunding raise ( ~ $850K ) ranked second most successful home robot campaign of all time, to securing commitments of $300K in Title III ( online mini-IPO ) investments with 345 investors globally at a $12 Million valuation, to prototyping the Aido design across 3 generations, InGen has had an eventful year so far. "Whether it’s playing with the kids, assisting with chores, managing your schedule, integrating with other smart home devices, patrolling the hallway after you’ve gone to sleep, or helping out with anything from a cooking recipe to learning the piano, there’s little that Aido can’t do!" - Arshad Hisham, CEO of InGen Dynamics commented.
News Article | May 26, 2017
Im vierten Geschäftsquartal betrug der Umsatz von Lenovo 9,6 Milliarden US-Dollar, was einen Zuwachs von 4,9 Prozent gegenüber dem Vorjahr bedeutet. Dieser ist insbesondere auf die gute Performance im PC/Smart Devices- und Mobilgeschäft zurückzuführen. Für das Geschäftsjahr, das am 31. März 2017 zu Ende ging, lag der Umsatz von Lenovo bei 43 Milliarden US-Dollar, was einem Rückgang von 4,2 Prozent gegenüber dem Vorjahr entspricht. Für das Geschäftsjahr, das am 31. März 2017 endete, war der Umsatz von Lenovos PCSD 2,3 Prozent geringer. Mit einer Höhe von 30 Millionen US-Dollar ließ er jedoch den gesamten Markt hinter sich. Die Auslieferungen für dieses Jahr in Höhe von 66,6 Millionen übertrafen den Markt deutlich um 7,1 Punkte. Gleichzeitig lag die Gewinnmarge vor Steuern bei fünf Prozent, was eine leichte Zunahme gegenüber dem Vorjahr darstellt. Hervorzuheben ist, dass Lenovo im vierten Quartal und im gesamten Jahr in den Hyperwachstumskategorien dieses Geschäftes, wie zum Beispiel Gaming, Detachables, Chromebooks und Millennial PCs (in China), weiterhin starke Ergebnisse erzielte. So stiegen zum Beispiel unsere Lieferungen bei Spielen und Chromebooks im vierten Quartal um 20,5 beziehungsweise 38,2 Prozent. Bei unseren Detachables legten wir im Vergleich zum Markt im zweistelligen Bereich zu und Millennial PC setzte seinen rasanten Aufstieg in China im vierten Quartal in Folge mit einem dreistelligen Wachstum fort. In der asiatisch-pazifischen Region sowie in Lateinamerika verbesserte sich das Mobilfunkgeschäft von Lenovo im Laufe des Jahres. Dies war in erster Linie auf unseren Erfolg in Indien und Brasilien zurückzuführen. In Westeuropa stiegen die Auslieferungen in Frankreich, Deutschland und dem Vereinigten Königreich. In Nordamerika sind indes unsere Channel-Expansions-Pläne auf Kurs. Wir haben dieses Geschäft überarbeitet und umgebaut, indem wir das Führungsteam, unter anderem mit Veteranen aus der Branche, aufgestockt haben. Der Geschäftsbereich erhielt eine eigene Vertriebsorganisation in allen Regionen und es wurden neue Segmente gebildet, sodass ein Fokus auf Wachstumskategorien wie High Performance Computing möglich wird. Wir sind das am schnellsten wachsende Supercomputer-Unternehmen weltweit und sind in China die Nummer 1 unter den Supercomputer-Unternehmen. Außerdem stellen wir zunehmend mehr Ressourcen auf unsere weltweiten Kunden ab, wo wir im Vergleich zum Vorjahr ein Wachstum von 16 Prozent verzeichnet haben. Wir sind überzeugt, dass wir jetzt die richtige Strategie haben, die uns helfen wird, eine Wende einzuleiten, insbesondere auf den gesättigten Märkten. In China belief sich der konsolidierte Gesamtumsatz von Lenovo im vierten Geschäftsquartal auf 2,3 Milliarden US-Dollar. Dies entspricht einem Rückgang von 3 Prozent gegenüber dem Vorjahr. Auf das Gesamtjahr gesehen, ging der Umsatz in China um 4,6 Prozent auf 11,8 Milliarden US-Dollar zurück. Auf das Quartal bezogen, entfielen 23,8 Prozent des Unternehmensumsatzes auf China. Für das Gesamtjahr erzielte das Unternehmen 27,4 Prozent von seinem Gesamtumsatz in China.
News Article | May 25, 2017
HONG KONG--(BUSINESS WIRE)--Lenovo Group today announced results for its fourth fiscal quarter and full-year ended March 31, 2017. In what was a year of significant transformation, Lenovo made good progress in implementing and executing its new “three-wave strategy,” designed to meet the critical business challenges of today, while positioning the Company for continued long-term profitable growth. As part of Lenovo’s transformation, the Company put in place an aggressive new end-to-end ownership model to manage each business differently, led by strong new leaders, and is seeing improvements as a result. “Despite challenging market conditions, Lenovo saw revenue resume to growth in the fourth quarter, after five quarters of decline,” said Yang Yuanqing, Lenovo Chairman and CEO. “To drive further growth, we have clearly defined the three-wave strategy. We will maintain PC leadership in scale, profitability and innovation in the first wave, while building our second wave, mobile and data center businesses into growth engines. Simultaneously, we will execute our third wave of 'Device + Cloud' and 'Infrastructure + Cloud' to capture the opportunities brought by new technologies. With this new strategy, we are confident to achieve long term, sustainable growth.” For the fourth fiscal quarter, Lenovo’s revenue was US$9.6 billion, an increase of 4.9 percent year-over-year, fueled in part by a good performance in the PC/smart devices and mobile businesses. For the full-year ended March 31, 2017, Lenovo’s revenue was US$43 billion, down 4.2 percent year-over year. The Company’s gross profit for the fourth fiscal quarter decreased 9.8 percent year-over-year to US$ 1.4 billion, while for the full year, gross profit fell 7.8 percent to US$6.1 billion. Operating profit for the fourth fiscal quarter was US$74 million. For the full year, Lenovo’s operating profit was US$672 million. Fourth-quarter net income was US$107 million, while net income for the full year was US$535 million, an increase of US$660 million year-over-year. Basic earnings per share in the fourth fiscal quarter was 0.97 US cents or 7.56 HK cents, and for the full year basic earnings per share was 4.86 US cents or 37.71 HK cents. Lenovo’s Board of Directors declared a dividend of 2.63 US cents, or 20.5 HK cents per share for the fiscal year ended March 31, 2017. In our PC and Smart Devices (PCSD) business group, which includes PCs, tablets and smart devices, Lenovo’s quarterly sales were up 4.9 percent year-over-year to US$6.7 billion. Quarterly shipments grew one percent to 14.4 million, four points better than the overall market. Pre-tax income for the quarter was US$288 million, a decrease of 4.7 percent year-over-year. For the full year ended March 31, 2017, Lenovo’s PCSD sales were down 2.3 percent but beating the overall market, at US$30 billion. Shipments for the year beat the market significantly by 7.1 points, with 66.6 million, while pre-tax income margin stood at five percent, a slight increase year-over-year. Importantly, Lenovo continued to deliver strong results in both the fourth quarter and full year in the hyper-growth categories in this business, such as gaming, detachables, Chromebooks and Millennial PCs (in China). For example, our gaming and Chromebook shipments were up 20.5 and 38.2 percent respectively in the fourth quarter. Meanwhile our detachables grew at a double digit premium compared to the market, and Millennial PC continued its rapid rise in China with triple digit growth for the fourth quarter in a row. Lenovo’s Mobile Business Group (MBG), which includes Moto and Lenovo-branded smartphones, saw 19.7 percent revenue growth in the fourth fiscal quarter outside of China, with total sales of US$1.7 billion. Fourth quarter smartphone shipments increased 17.4 percent to 11.3 million units outside China, beating the market significantly by 12.8 points. For the full year ended March 31, 2017, overall sales were down 5.4 percent and pre-tax income margin decreased 1.9 points outside China. In Asia Pacific and Latin America, led by our success in India and Brazil respectively, Lenovo’s mobile business continued to improve throughout the year. In Western Europe, shipments were up in France, Germany and the UK, while in North America, our channel expansion plans are on track. In China, we have added new leadership, re-aligned our strategy and product portfolio, and cleared our inventory as we get ready to introduce a new product lineup. In our Data Center Group (DCG), which includes servers, storage, software and services, fourth fiscal quarter sales were down 13.7 percent year-over-year, to US$850 million. For the full year, revenue decreased 10.6 percent on total sales of US$4.1 billion. We have re-engineered this business by adding new leaders including industry veterans, deploying a dedicated DCG sales force in all geographies, and forming new segments to focus on growth categories such as high-performance computing. We are the fastest-growing supercomputer company in the world, and the #1 supercomputer company in China. We are also focusing more resources on our Global accounts where we grew 16 percent year-over-year, and are confident we now have the right strategy in place to help deliver on our turnaround, particularly in mature markets. In China, in the fourth fiscal quarter, Lenovo’s consolidated sales were US$2.3 billion, a decrease of three percent year-over-year. For the full year, China sales were down 4.6 percent to US$11.8 billion. For the quarter, China sales were 23.8 percent of the Company’s total worldwide sales, and for the full year, China sales were 27.4 percent of the total. Pre-tax income in China was US$64 million during the fourth quarter, and for the full year fell 4.3 percent to US$539 million. Pre-tax income margin held flat for the year at 4.6 percent. In Asia Pacific, Lenovo’s sales were 18.1 percent of the Company’s total worldwide sales during the fourth fiscal quarter, and 16.3 percent for the full year. Consolidated sales in the fourth quarter increased year-over-year by 9.4 percent to US$1.7 billion and for the full year decreased by two percent to US$7 billion. Pre-tax loss for the full year was $65 million. In Europe, Middle East and Africa, consolidated sales in the fourth fiscal quarter were up 5.9 percent year-over-year to US$2.6 billion. For the full year, sales were US$11.2 billion, a decrease year-over-year of 5.1 percent. EMEA sales were 27.4 percent of the Company’s overall fourth quarter sales, and 26 percent of total worldwide sales for the full year. In the Americas, consolidated sales grew to US$2.9 billion, 30.7 percent of the Company’s total sales for the quarter, and a healthy 8.2 percent increase year-over-year. For the full year, sales were down 4.1 percent year-over-year to US$13 billion, or 30.3 percent of total worldwide sales. Pre-tax income for the fourth quarter was US$60 million, a seven times improvement year-over-year, and a pre-tax income margin improvement of 1.7 points. For the full year, pre-tax income more than doubled to US$157 million, with pre-tax income margin improving 2.1 points to 1.2 percent. Lenovo (HKSE: 0992) (OTC Pink: LNVGY) is a US$43 billion global Fortune 500 company and a leader in providing innovative consumer, commercial, and enterprise technology. Our portfolio of high-quality, secure products and services covers PCs (including the legendary Think and multimode YOGA brands), workstations, servers, storage, smart TVs and a family of mobile products like smartphones (including the Moto brand), tablets and apps. Join us on LinkedIn, follow us on Facebook or Twitter (@Lenovo) or visit us at www.lenovo.com.
News Article | May 9, 2017
supercapacitor is expected to grow from $1.8 billion in 2014 to $2.0 billion in 2015 at a year-on-year (YOY) growth rate of 9.2%.Pune , India - May 9, 2017 /MarketersMedia/ — About Supercapacitor Market Summary The global market for supercapacitor is expected to grow from $1.8 billion in 2014 to $2.0 billion in 2015 at a year-on-year (YOY) growth rate of 9.2%. In addition, the market is expected to grow at a five-year CAGR (2015 to 2020) of 19.1%, to reach $4.8 billion in 2020. Request for Sample Report @ https://www.wiseguyreports.com/sample-request/464917-global-market-for-supercapacitor-2015-2020-market-for-supercapacitor-2015-2020 The competition in the global super capacitor market is intense within a few large players, such as, AVX Corp., Axion Power International, Inc., Beijing HCC Energy Tech. Co., Ltd., CAP-XX, Elna Co. Ltd., Elton, Graphene Laboratories INC., Jianghai Capacitor Co., Ltd, Jiangsu Shuangdeng Group Co., Ltd., Jinzhou Kaimei Power Co., Ltd, KEMET, LS MTRON, Maxwell Technologies INC., Nesscap Energy Inc., Nippon Chemi-Con Corp., Panasonic Co., Ltd., Shanghai Aowei Technology Development Co., Ltd., Skeleton Technologies, Supreme Power Systems Co., Ltd., XG Sciences. Global Market for super capacitor, 2020" discusses the following aspects of global super capacitor market: Global super capacitor market size, share & forecast Segmental analysis of super capacitor, by region, end user industry by type and components Competitive vendor’s landscape and company SWOT analysis. Leave a Query @ https://www.wiseguyreports.com/enquiry/464917-global-market-for-supercapacitor-2015-2020-market-for-supercapacitor-2015-2020 Table Of Content Chapter: One 5 Introduction 7 Objectives 7 Scope 7 Data Sources 7 Disclaimer 8 Chapter: Two 9 Summary 9 Chapter: Three 12 Overview 12 Definition 12 History & Evolution Of Supercapacitor 12 Storage Principle 12 Electrostatic Double-Layer Capacitance 12 Electrochemical Pseudocapacitance 12 Supercapacitor Configuration 13 Electrode 13 Electrolyte 13 Separator 14 Supercapacitor Fabrication 15 Monopolar 15 Bipolar 15 Applications 16 Hybrid Vehicle 16 Electronics Applications 16 Others 16 Chapter: Four 17 Research And Development And Patent Analysis 17 Chapter: Five 28 Global Market Forecast For The Supercapacitor Market 28 Global Market Forecast For Supercapacitor By End Application 29 Global Market Forecast For Supercapacitor Market By Region 31 Global Market Forecast For Supercapacitor Market In Consumer Application By Region 33 Global Market Forecast For Supercapacitor Market In Industrial Application By Region 35 Global Market Forecast For Supercapacitor Market In Public Sector Application By Region 37 Global Market Forecast For Supercapacitor Market In Medical Application By Region 39 Global Market Forecast For Supercapacitor Market In Automotive Application By Region 41 Global Market Forecast For Supercapacitor Market In Aerospace & Defense Application By Region 43 Global Market Forecast For Supercapacitor Market In Energy Application By Region 45 Global Market Forecast For Supercapacitor Market In Smart Grid Application By Region 47 Global Market Forecast For Supercapacitor Market In Other Applications By Region 49 Global Market Forecast For Supercapacitor End Application By Type 51 Global Market Forecast For Supercapacitor For Consumer Products By Type 51 Global Market For The Supercapacitor For Industrial Products By Type 53 Global Market For The Supercapacitor For Automotive By Type 55 Global Market For The Supercapacitor For Energy Application By Type 57 Global Market For The Supercapacitor For Medical Products By Type 59 Chapter: Six 61 Market Drivers And Challenges 61 Smart Devices Changing The Demand Landscape 61 Increasing In Smart Grids And Renewable Energy 64 Growth Of Wind Energy Industry 65 Use Of Supercapacitors In Automotives 68 Operation In Wide Temperature Range 69 Supercapacitor Rapid Technological Advancement 71 Competition With Batteries Well-Established In Market 74 Chapter: Seven 76 Vendors Landscape And Company Profiles 76 Avx Corporation 77 Axion Power International, Inc 80 Beijing Hcc Energy Tech.Co. Ltd 82 Cap-Xx Ltd 83 Elna Co. Ltd 85 Elton 86 Graphene Laboratories Inc 87 Nantong Jianghai Capacitor Co., Ltd 88 Jiangsu Shuangdeng Group Co., Ltd 89 Jinzhou Kaimei Power Co., Ltd 90 Kemet 91 Ls Mtron 93 Purchase a Licensed Copy @ https://www.wiseguyreports.com/sample-request/464917-global-market-for-supercapacitor-2015-2020-market-for-supercapacitor-2015-2020 Continued.... Contact US: firstname.lastname@example.org Ph: +1-646-845-9349 (US), Ph: +44 208 133 9349 (UK) Contact Info:Name: NORAH TRENTEmail: email@example.comOrganization: WISE GUY RESEARCH CONSULTANTS PVT LTDAddress: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar Pune - 411028Phone: +91 841 198 5042Source URL: http://marketersmedia.com/supercapacitor-market-2017-global-analysis-opportunities-and-forecast-to-2022/196274For more information, please visit https://www.wiseguyreports.com/sample-request/464917-global-market-for-supercapacitor-2015-2020-market-for-supercapacitor-2015-2020Source: MarketersMediaRelease ID: 196274
News Article | March 3, 2017
Financial statements release for the period January 1 - December 31, 2016 CONFIRMED ORDERS STRENGTHENED SIGNIFICANTLY AND MAIN POINTS OF RESTRUCTURING PROGRESSING AS PLANNED The fourth quarter 2016 in brief (previous-year figures in brackets): The review period in brief (previous-year figures in brackets): · Turnover for the review period was EUR 15.3 (EUR 17.0) million, a change of -10.3 per cent. · Earnings before interest, taxes, depreciation and amortization (EBITDA) were EUR -7.2 million, - 47.4 per cent of turnover, (EUR -7.4 million, -43.5 percent of turnover). · Operating result was EUR -7.7 million, -50.7 per cent of turnover (EUR -8.7 million, -51.2 per cent of turnover). · Net result was EUR -9.5 million, -62.6 percent of turnover (EUR -10.6 million, -62.3 percent of turnover). The operating profit of the company is expected to improve compared to 2016. “The positive development of our business has continued in the last quarter of 2016. The impact of streamlining our cost structure has begun to show and now it supports the improvement of our profitability. One indicator that has improved in a positive direction is also the confirmed orders that during the last quarter was at it’s highest during three years. The order intake in 2016 increased more that 70 % compared to the previous year. Typically deliveries stretch over a longer period, thus forming a base for long-term operations as well as a moderate impact on turnover. Also the turnover at the last quarter of the year was higher compared to the previous quarter, which in turn verifies that the company is about to turn and long-term efforts are bearing fruit. During the last quarter of the year we were able to enter significant new customer agreements. In November we concluded a new three-year contract within our In-Venue solution area where we develop holistic customer experiences to the users of public and commercial venues by combining smart digital solutions to different physical venues and services. Examples of such services are for example stadiums, shopping malls and cruise ferries. Another significant customer agreement that we concluded in November is the continuation of our agreement on a cloud-based online store in Honda cars. According to the contract comprising several years Ixonos continues developing and managing the Honda App Center on Honda’s Android based IVI solution that today is sold also in Russia and Turkey in addition to the European market. Also our other focus areas; Smart Citizen, IoT and Smart Data, Smart Devices and Digital Transformations have grown stronger both in terms of new confirmed orders from existing customers and the amount of new customers with whom we have started co-operation. Discovery as a Service and the 5-day Design Sprint that is derived from it are parts of our service portfolio and continue to open up new customer opportunities. The 5-day Design Sprint is a productized service where we during five days take the key stakeholders of our clients all the way from their challenge through ideation and idea validation to concrete prioritization and decisions about how to proceed. Our customers have appreciated the service that they feel it works as a tool that involves all substantive internal stakeholders into decision-making and helps them to clearly validate their ideas. When providing these services we can together with our clients process concrete issues and create a common roadmap while at the same time considering the wishes and views of the customer’s internal stakeholders. Our service business will continue to be the core of our business. Alongside it we bring asset-based services that aim to benefit our service business, focus our efforts to specific platforms and increase the amount of continuous turnover. These assets can be either provided by some other part or the company’s own platform solutions. With this we believe that we can deepen our service portfolio and further develop our praised quality. The structural change of our North American operations was completed during the last quarter of the year. Now our site- and organizational structure does enable producing services and sales in an operatively efficient way. In Great Britain our turnover increased during year 2016 and during 2017 we are expecting a strong growth in this market. Our journey as a turning company continues and we believe that the positive change that started in 2016 will continue also in 2017. Ixonos is a service company that combines design and technology in a versatile way. We offer creative and versatile digital solutions and consulting services to many different industries. We mainly focus our services towards a deep understanding of the digital challenges (like utilizing digitalization within business) of our customers. We create new digital solutions for our customers. These services are based on the latest technologies and trends that affect their businesses. Premium user experience requires design and technology to work seamlessly together, and Ixonos strives to be the leading expert for our growing clientele. Our Vision Discover-Design-Deliver contains user research in the initial phases of strategic design and defining feasible, sustainable technology services. The basic idea is to find the right components that are needed to build into customer order delivery, in order to ensure a premium user experience. Our operations are centralised in Finland, USA, Canada and United Kingdom. Our software development activities are mostly based in Finland, but these activities have been strengthened in our other locations. Design functions currently operate in Helsinki, London, San Francisco and Vancouver. Our design services consist of digital, mobile, and web design, as well as service and industrial design. We offer design services all the way from design strategy and user research to designing visuals and interaction. Our design services extend further to development workshops, designing prototypes, and usability testing. All our design innovations are implemented on different devices and platforms, as we are always striving for the best possible implementation that can be done within the time frames requested by our customers. As a technology company, we have extensive knowledge in developing creative software solutions for embedded systems and software. We use open standardised technologies (e.g. Java,Linux, Android, iOS, Net) and cooperate with our technology partners (Eg., IBM, Gigya, Redhat, Salesforce, Maxicaster, gimbal, and Brightcove) . We combine knowledge in software development with world-class technology competence and expert-level knowledge in user interface and usability design with first-class project management skills. This combination is a significant competitive advantage for the company. Our technology expertise comprises both software and hardware /mobile, wireless connectivity, Online services and devices). Regionally our organization is dived into Europe and North America. The operations in both regions comprise sales and design- and technology service units: · Design: Involving holistic design capabilities that generate strategic service design, a deep understanding of users and innovative design of user interfaces, and product design. · Technology: Comprised of the implementation of technical solutions, software development and customer projects, and delivering them successfully. The company has four focus areas within it’s offering: 1. Smart Citizen – digital services for public actors such as cities, municipalities and ministries 2. In-Venue – digital services for different physical venues such as shopping malls, cruise ferries, office- and residential buildings 3. Smart Devices – holistic development of smart devices for challenging locations all the way from design to prototyping 4. Smart Data and IoT – Internet of Things solutions for different industries utilising for example the IBM BlueMix –platform In addition to these focus areas we also support our customers in their digital transformation within other sectors. A new area in our service portfolio is Digital Service Platforms, where the business is built on asset based solutions and their development. The entire operations of the organization are supported by Group Services consisting Finance, HR, IT and legal functions. Our offices are located in our main markets: Finland, United States, Canada and Great Britain. All sites have both technical and design personnel as well as local sales persons. Confirmed orders during the review period were EUR 22.5 (EUR 13.1) million, which represents a 71.7% increase compared to the corresponding period. Turnover in the fourth quarter was EUR 4.5 (EUR 4.3) million, which represents 4.1% growth compared to the corresponding period. Turnover in the review period was EUR 15.3 (EUR 17.0) million, which is 10.3% lower compared to the corresponding period. The main reason for the decline is the divestment of the company's data center business (decline 2.1 million compared to the corresponding period) and the United States declined turnover (decline 2.5 million compared to the corresponding period). The digital transformation services turnover grew 0.8 million compared to the corresponding period although turnover decline in the United States. In particular, the company's Finnish clients have invested heavily with digital technology. During the review period, no single customer generated a dominating share of the turnover or exceeded 10 % of the total turnover. The combined turnover of companies controlled by Savox SA was 13% of the Group turnover. The operating result (EBIT) for the fourth quarter was EUR -1.1 (EUR -2.3) million and the result before taxes was EUR -1.3 (EUR 1.5) million. The net result for the fourth quarter was EUR -1.3 (EUR 1.5) million, earnings per share were EUR 0.00 (EUR 0.01), and cash flow from operating activities per share in the fourth quarter was EUR 0.00 (EUR -0.03). During the review period the operating result (EBIT) was EUR -7.7 (EUR -8.7) million. Despite decrease in turnover the operating result improved due to cost efficiency actions made. The result before taxes was EUR -9.5 (EUR -5.7) million. The net result for the review period was EUR -9.5 (EUR -10.6) million, earnings per share were EUR -0.03 (EUR -0.05), and cash flow from operating activities per share was EUR -0.01 (EUR -0.03). The Group's equity was negative EUR -4.2 (EUR 2.7) million and Return on equity (ROE) was 1.5 (-1421.9) %. Investments during the review period were EUR 0.7 (EUR 1.5) million. All R&D costs are included in the Group's profit for the review period, and nothing is capitalised in the balance sheet. The main reason for the decline of investments is the divestment of the company's data center business and no investments to it was done after Q1/2016, but the R&D focused on IoT –solutions. The balance sheet totalled EUR 16.1 (EUR 18.3) million. Shareholders’ equity was EUR -4.2 (EUR 2.7) million. The equity to total assets ratio was -26.1 (14.8) % The Group’s liquid assets at the end of the review period amounted to EUR 0.4 (EUR 1.9) million. Non-controlling interest of the equity was EUR 0.0 (EUR 0.2) million. The change in shareholders’ equity during the review period was due to both a negative result and a positive impact on convertible bonds of 2.1 million. At the end of the review period, the balance sheet included EUR 2.9 (EUR 3.0) million in loans from the financial institutions. This amount covers the overdrafts in use. The loan agreements from the financial institutions include covenants regarding equity ratio, which will be considered at the first time 31 December 2017 In addition to that the company has loan agreements and convertible bond from its main owner. Loan agreements with related party companies are described in detail in 'related party transactions' Consolidated cash flow from operating activities during the fourth quarter was EUR - 0.3 (EUR -4.0) million, showing an improvement of 92.3 %. Consolidated cash flow from operating activities during the review period was EUR –5.5 (EUR -11.5) million, showing an improvement of 52.2 % due to change in working capital. The Group sells part of its Finnish trade receivables to reduce the turnaround time of its receivables. On the annual closing 31.12.2016 the trade receivables amount that was sold was 0.5 (0.5) million euros. During the review period, EUR 5.1 (EUR 10.0) million trade receivables were sold. On December 31, 2016, the consolidated balance sheet included EUR 11.5 million in goodwill (EUR 12.0 million). The following parameters were used in the goodwill impairment testing: · 1 % growth estimate used for terminal value calculation Ixonos conducted an impairment test on 31 December 2016, confirming that there is no need for any other impairment. The present value of future cash flows exceeded the carrying value of assets by EUR 17.3 million. The present value of the cash flow calculation of EUR 28.9 million is lower than the sum of the Company's financial liabilities (i.e. EUR 12.5 million) and the market price of the shares (i.e. EUR 35.4 million) as of 31 December 2016. The average number of employees during the fourth quarter was 178 (203). The average number of employees during the review period was 188 (217), and at the end of the period, there were 174 (200) employees. At the end of the review period, the Group had 132 (161) employees stationed in Finnish companies, while Group companies in other countries employed 42 (39). During the review period, the number of employees decreased by 26. During the financial period, the highest price of the Ixonos’ share was EUR 0.11 (EUR 0.11) and the lowest price was EUR 0.06 (EUR 0.05). The closing price on 30 December 2016 was EUR 0.10 (EUR 0.07). The weighted average price was EUR 0.08 (EUR 0.06). The number of shares traded during the review period was 24.568.296 (52.023.432), which corresponds to 6.95 % (14.7 %) of the total number of shares at the end of the review period. The market value of the share capital was EUR 35.356.490 (EUR 24.749.543) at closing on 30 December 2016. At the beginning of the review period, the company’s registered share capital was EUR 585.394.16 and the number of shares was 353.564.898. At the end of the review period, the registered share capital was EUR 585.394.16 and the number of shares was 353.564.898. The Board of Directors of Ixonos Plc decided on November 30, 2011 to grant new options. This decision was based on the authorisation given by the Annual General Meeting on March 29, 2011. The options were issued by December 31, 2011, free of charge, to a subsidiary wholly owned by Ixonos Plc. This subsidiary will distribute the options, as the Board decides, to employees of Ixonos Plc and other companies in the Ixonos Group, to increase their commitment and motivation. Options will not be issued to members of the Board of Directors of Ixonos Plc or to the Ixonos Group’s senior management. The options are marked IV/A, IV/B and IV/C. A total of 600.000 options will be issued. According to the terms of the options, the Board of Directors decides how the options will be divided between option series and, if needed, how undistributed options will be converted from one series to another. Each option entitles its holder to subscribe for one new or treasury share in Ixonos Plc. The exercise period for the IV/A options began on October 1, 2014, The option plans for IV/B options have been cancelled and for the IV/C options the exercise period began on October 1, 2016. The exercise periods for all options will end on December 31, 2018. The exercise price for each option series is a trade volume weighted average price at NASDAQ OMX Helsinki. The exercise prices will be reduced by the amount of dividends, and they can also be adjusted under other circumstances specified in the option terms. In order to ensure the equal treatment of shareholders and the holders of 2011 stock options, the Board of Directors of Ixonos has, due to the Rights Offering, adjusted the subscription ratios and the subscription prices of the Option Rights 2011 in accordance with the terms and conditions of the aforementioned option rights as follows: The subscription ratio of stock options IV/A shall be amended to 8.287 and the subscription price shall be amended to EUR 0.2 per share. As regards stock options IV/C, the subscription ratio shall be amended to 8.287 and the subscription price shall be amended to EUR 0.1497 per share. The total amount of shares is rounded down to full shares in connection with subscription of the shares and the total subscription price is calculated using the rounded amount of shares and rounded to the closest cent. Due to the above mentioned adjustments concerning stock options IV/A, the adjusted maximum total number of shares to be subscribed for based on the 2011 stock options shall be 4.971.966. The Board of Directors of Ixonos Plc decided to issue stock options on February 18, 2014, on the basis of the authorization granted by the Extraordinary General Meeting held on October 30, 2013. The stock options were offered to the global management team and certain key personnel of Ixonos Plc and its subsidiaries for the purpose of improving commitment and motivation. The options are marked 2014A, 2014B and 2014C. The Board of Directors of the Company has found the option rights 2014A, 2014B and 2014C under option plan V to have lapsed insofar as they remain undistributed. Out of the options belonging in the Company's option plan V, only option rights belonging in 2014A series have been distributed. Each option entitles its holder to subscribe for one new or treasury share in Ixonos Plc. The share subscription period with 2014A stock options started on March 1, 2016 and ends on December 31, 2018. The share subscription price is the volume weighted average price of the company's share on the Helsinki Exchange during the period March 1 to May 31, 2014. The subscription price may be decreased with the amount of dividends paid and may also otherwise be subject to change in accordance with the terms and conditions of the stock options among others. In order to ensure the equal treatment of shareholders and the holders of 2011 stock options, the Board of Directors of Ixonos has, due to the Rights Offering December 2015, adjusted the subscription ratios and the subscription prices of the Option Rights 2014 in accordance with the terms and conditions of the aforementioned option rights as follows: the subscription ratio for 2014A shall be amended to 1.65 and share price to EUR 0.0903. The total amount of shares is rounded down to full shares in connection with subscription of the shares and the total subscription price is calculated using the rounded amount of shares and rounded to the closest cent. Due to the above adjustment concerning the Option Right 2014A, the adjusted maximum total number of shares to be subscribed for based on the Option Rights 2014 shall be 1.690.000. The Board of Directors of Ixonos Plc (“Ixonos” or “Company”) decided to issue option rights on November 21, 2016 on the basis of an authorisation granted by the Annual General Meeting held on 7 April 2016. The option rights will be distributed as determined by the Board of Directors to key persons employed or recruited by a company belonging in Ixonos Plc's group for the purpose of improving their commitment and motivation. The option rights will be marked as series 2016A, 2016B and 2016C. The maximum amount of option rights issued is 35.356.560, and they entitle to subscribe altogether a maximum of 35.356.560 of new Company shares. The Board of Directors may decide on any additional conditions related to the receipt of option rights and on the redistribution of option rights that later revert back to the Company. Each option right entitles its holder to subscribe for one new Ixonos share. Shares subscribed on the basis of the option rights represent, on 3 November 2016, altogether a maximum of approximately 10 per cent of all Company shares and votes, corresponding to a dilution effect of approximately 9 per cent. The subscription period for shares subscribed for under option rights 2016A starts on 1 October 2017 and ends on 30 September 2018. The subscription price of a share subscribed for under option right 2016A is EUR 0.08, which corresponds to the weighted average price of the Company’s shares quoted on Nasdaq Helsinki Ltd (“Helsinki Stock Exchange”) between 18 May and 18 November 2016 rounded up to the nearest cent. The subscription period for shares subscribed for under option rights 2016B starts on 1 October 2018 and ends on 30 September 2019. The subscription price of a share subscribed for under option right 2016B is the weighted average price of the Company’s shares quoted on the Helsinki Stock Exchange between 1 July and 31 December 2017 rounded up to the nearest cent. The subscription period for shares subscribed for under option rights 2016C starts on 1 October 2019 and ends on 30 September 2020. The subscription price of a share subscribed under option right 2016C is the weighted average price of the Company’s shares quoted on the Helsinki Stock Exchange between 1 July and 31 December 2018 rounded up to the nearest cent. The subscription price may be decreased by, inter alia; the amount of dividends paid and may also otherwise be subject to revision in accordance with the terms and conditions. The subscription price, however, may never be lower than EUR 0.01. The theoretical market value of the incentive scheme is approximately EUR 1.2 million, which is recognised as an expense in accordance with IFRS 2 for the years 2016-2020.The write-down is not based on cash flows. The theoretical market value of the option rights has been calculated using the Black & Scholes model. On 30 December 2016, Ixonos had 3.262 shareholders (3.035). Private persons owned 12.7% (12.5%), institutions owned 86.8% (87.5%), foreigners owned 0.5% (0.5%). Nominee-registered ownership was 1.5% (1.9%) of all shares. Tremoko Oy Ab, a related party, owns 82.2% of the Company’s shares. Options held by Tremoko can increase their ownership to 82.3%. On 14 March 2016, the Company entered a loan agreement with Tremoko Oy Ab. The new loan enabled additional financing of 1.5 million Euros. On 8 April 2016, Tremoko Oy Ab (“Tremoko”) subscribed to a convertible bond in full with a capital of EUR 9.200.000.95 (“Loan”) and attached an option or other special rights referred to in Chapter 10 Section 1(2) of the Limited Liability Companies Act (“Special Rights”), which were directed to be subscribed to by Tremoko as a result of decision-making in the Ixonos Plc (“Company”) General Meeting that took place on 7 April 2016. The Board of Directors of our Company has accepted Tremoko’s subscription. The Loan and attached Special Rights have been issued in order to strengthen the Company’s working capital and reorganise the capital structure as well as lower financing costs. Hence, there are weighty financial reasons for taking the Loan and granting the Special Rights. The Loan’s issuing price and conversion price have been defined according to market terms. The main specifications of the Terms of the Loan and the Special Rights are as follows: · The amount of the Loan is EUR 9.200.000.95. · An annual interest of Euribor 6 months (at least ≥ 0 %) + 4.0 per cent is paid on the principal of the Loan. · The conversion option attached to the Loan entitles Tremoko to a maximum amount of 131.428.585 of new Company’s shares. · The rate of conversion is fixed at EUR 0.07, and it shall be revised as set out in the Terms. · The loan period is 8 April 2016–8 April 2020, so that as of 8 April 2018, altogether EUR 1.700.000.05 of the loan will be paid biannually in five tranches of EUR 340.000.01. Additionally on 8 April 2020, the remaining loan, altogether EUR 7.500.000.90, will be paid in a one-off payment. Tremoko has paid the Loan and attached Special Rights in full by setting off receivables it has from the Company, amounting altogether to EUR 9.200.000.95. On 28 April 2016, Turret Oy Ab and Holdix Oy Ab were granted a directly enforceable guarantee (“Guarantee”) with the total amount of EUR 1.2 million to Nordea Bank Finland Plc on behalf of Ixonos Plc’s (“Ixonos”) and Ixonos Finland Ltd’s commitments. The Guarantee was given as a substitute to former guarantee given by Finnvera Plc. Turret Oy Ab and Holdix Oy Ab are the owners of Tremoko Oy Ab, which is the main owner of Ixonos. On 13 May 2016, Ixonos Plc’s (“Ixonos”), together with Ixonos Finland Ltd, did give countersecurity to Turret Oy Ab and Holdix Oy Ab in which, inter alia, they have undertaken to pay guarantee commission. The countersecurity has been given related to financial arrangements announced on 28 April 2016. The rate of the guarantee commission has been defined in market terms. Turret Oy Ab and Holdix Oy Ab have granted a directly enforceable guarantee with the total amount of EUR 1.2 million to Nordea Bank Finland Plc as collateral for Ixonos and Ixonos Finland Ltd’s commitments. Turret Oy Ab and Holdix Oy Ab are the owners of Tremoko Oy Ab, which is the main owner of Ixonos. On 20 June 2016, Ixonos Plc (“Ixonos”) and Savox Communications Oy Ab Ltd (“Savox”) concluded a framework agreement concerning product development. Ixonos had, for the duration of the Agreement, undertaken to provide Savox with research, design and/or product development services ordered separately later by Savox. The Agreement will remain in force for a minimum of one year. The parties have non-bindingly estimated the potential value of the services provided by Ixonos to Savox to amount to EUR 1–2 million. Savox Communications Oy Ab (Ltd) is part of the Savox Communications Group, which is one of the world’s most notable suppliers of communication systems for professional use in demanding and dangerous circumstances. The Savox Communications Group has over three decades of experience in serving police and security, fire and rescue, military, maritime and industrial sectors. The Savox Communications Group is part of the Savox Group, into which Turret Oy Ab, one of the owners of Ixonos’ main owner Tremoko Oy Ab, also belongs. On 17 August 2016 The Company entered a loan agreement with Tremoko Oy Ab with. The loan agreement enables additional financing for a maximum of 2.5 million Euros until August 18, 2018. The last quarter of the year was quite active with many events and we were also together with our customers able, especially within the IoT area, to deliver final solutions and commit to new partnerships: - We expanded our partnership with Wirepass from co-operating with their R&D concerning web tools to also customer solution. - The highly valued CIOReview named Ixonos as one of the Top 50 most interesting IoT solution providers emphasizing especially Ixonos’ know-how within IoT and Business Design - Slush Shanghai and the main Slush event in Helsinki enabled several product launches that have been developed together with Ixonos’ start up customers. - The move of Ixonos’ head office to the heart of Helsinki was noticed among customers, media, personnel and potential recruits. The housewarming party received positive attention and allowed us to share thoughts on the importance of service design when creating new business. The Company held its Annual General Meeting on 7 April 2014. The minutes of Annual General Meeting and decisions are presented on the Company’s internet page, www.ixonos.com. Stock Exchange releases during the period are available on company’s website 3. February 2017 Ixonos has secured a EUR one (1) million loan agreement in order to strengthen its working capital with Tremoko Oy Ab. 3 February 2017 the Board of Directors have decided to accept Tremoko Oy Ab’s two (2) million euro binding offer of a financial arrangement to strengthen it’s working capital. The Financial arrangement is combined with the additional financial arrangement of EUR 1.0 million implemented earlier and announced on 3 February 2017. Ixonos Plc’s risk management aims to ensure undisturbed continuity and development of the Company’s operations, support attainment of the commercial targets set by the Company and promote increasing Company value. Details on risk management organisation and process, as well as on recognised risks, are presented on the Company’s website at www.ixonos.com. Despite efficiency actions taken, Ixonos Plc results have been negative during recent years, which has directly impacted Ixonos’ sufficiency of working capital. The risk related to sufficient working capital is managed by maintaining readiness for various financing methods. Changes in key customer accounts may have adverse effects on Ixonos’ operations, earning power and financial position. Should a major customer switch its purchases from the Company to its competitors or make forceful changes to its own operating model, Ixonos would have limited ability to acquire, in the short term, new customer volume to compensate for such changes. The Group’s turnover consists primarily of relatively short-term customer contracts. Forecasting the starting dates and scope is from time to time is challenging; yet at the same time, the cost structure is fairly rigid. This may result in unexpected fluctuations in turnover and profitability. Part of the Company’s business operations is based on fixed-price project deliveries. Fixed-price projects may include risks related to their duration and content. These risks are being managed by means of contract management as well as project management. Some part of the Group’s turnover is invoiced in foreign currency. Risks related to currency fluctuation are managed through different means. The Company’s balance sheet includes a significant amount of goodwill, which may still be impaired should internal or external factors reduce the profit expectations of the Company’s cash flow. Goodwill is tested each quarter and, if necessary, at other times. The company’s financial agreements have covenants attached to them. A covenant breach may increase the company’s financial expenses or lead to a call for swift partial or full repayment of non-equity loans. The main risks related to covenant breaches are associated with EBITDA fluctuation due to the market situation and with a potential need to increase the company’s working capital through non-equity funding. The company manages these risks by negotiating with financiers and by maintaining readiness for various financing methods. In the long term, Ixonos aims to achieve an operating result of at least 10 per cent. To reach its long-term goals, Ixonos focuses its strategy on deepening the company’s service and solution business and combining technology and design. The company aims to grow with new accounts within different industries by repeating Ixonos unique way to offer business advantage through digitalisation and mobility. THE BOARD OF DIRECTORS’ PROPOSAL TO THE ANNUAL GENERAL MEETING The Board of Directors of Ixonos Plc proposes to the Annual General Meeting that the distributable funds will be left in shareholders’ equity and that no dividend for the financial period 2016 will be paid to shareholders. The parent company’s distributable funds on December 31, 2016 are EUR 16.461.631. Ixonos Plc's Annual General Meeting will be held on Wednesday, 29 March, 2017, in Helsinki, Finland. Ixonos' Financial Statements 2016 will be published and posted on the company's website on Tuesday, 7th March 2017. The financial statement for the period January 1 – March 31, 2017 will be published on Thursday, 4 May, 2017. For more information, please contact: SUMMARY OF FINANCIAL STATEMENTS AND NOTES TO THE FINANCIAL STATEMENTS January 1 – December 31, 2016 STATEMENT OF CHANGES IN CONSOLIDATED SHAREHOLDERS’ EQUITY, EUR 1.000 G: Total equity attributable to equity holders of the parent This interim report has been prepared in accordance with IAS 34 (Interim Financial Reporting) and the accounting policies for the annual financial statement of December 31, 2014. The IFRS amendments and interpretations that entered into force on January 1, 2016 have not affected the consolidated financial statements. Preparing interim reports in accordance with IFRS requires Ixonos’ management to make estimates and assumptions that affect the amounts of assets and liabilities on the balance sheet date as well as the amounts of income and expenses for the financial period. In addition, judgement must be used in applying the accounting policies. As the estimates and assumptions are based on views prevailing at the time of releasing the interim report, they involve risks and uncertainty factors. Actual results may differ from estimates and assumptions. The figures in the income statement and balance sheet are consolidated. The consolidated balance sheet includes all group companies as well as Ixonos Management Invest Oy. Ixonos Management Invest Oy is mergered to Ixonos Finland Oy during 2016. The original annual report is in Finnish. The annual report in English is a translation of the original report. As the figures in the report have been rounded, sums of individual figures may differ from the sums presented. The annual report is unaudited. During the past year the company’s confirmed orders improved significantly compared to the previous year. In addition to that the cost structure was lightened. This annual report has been prepared according to the going concern principle taking into account the realized financial arrangements during the financial year 2016 and financial estimations made up for the year 2017. The estimations take into consideration probable or foreseeable changes in future expectations in revenues as well as in costs. On the balance sheet day, the company estimated that its existing working capital may not be sufficient to cover the company’s funding needs over the next 12 months. The financial gap in the cash flow forecast in the beginning of the year 2017 can be filled with bridge financing. After the balance sheet day the company has secured a EUR 1 million loan agreement with its main owner and a EUR 1 million commitment for additional loan with its main owner which company's Board of Directors has approved. Ixonos made an impairment testing for the goodwill value on the balance sheet on December 30, 2016. The goodwill is attributed to the one cash generating unit (CGU) starting from November 1, 2013. The impairment test showed a surplus of EUR 17.3 million based on discounted cash flow valuation compared to tested amount and no impairment was recognized. The carrying amount of goodwill is EUR 11.5 million. The present value of the cash flows calculated, EUR 28.9 million is lower than the sum of the company's financial liabilities (EUR 12.5 million) and the market price of the shares (EUR 35.4 million) on December 31, 2016. The impairment test of the company is based on operative company value. The forecasting period used in impairment testing at December 31, 2016 was Q1 2017 to Q4 2020. In the forecast the year 2017 is a year of relatively small growth. For the years 2018-2020 the company expects to reach stronger growth, on average of 20 per cent, as digitalization will impact an ever growing part of the business community. The forecasted EBIT level is assumed to increase to on average of 10 per cent. Even though the company’s long term target level for EBIT is 10 per cent the uncertainty of forecasts has been taken into consideration and therefore the average, normalized EBIT level has been used in the calculation. The impairment test is done by comparing the carrying value of assets to present value of future cash flow taking into consideration forecasted cash flows during the forecast period, discount factor and growth rate used in calculating terminal value. The discount factor used is 11 per cent p.a. and growth rate used in calculating terminal value is 1 per cent p.a. When calculating the terminal value, the weighted average EBIT percentage level for the period was used. The impairment test is most sensitive besides to the cash flow forecast itself and the assumptions behind it, to the growth rate used when calculating the terminal value and to the discount factor. If the growth rate -20 per cent had been used instead of 1 per cent, the tested value would have been equal to the discounted cash flow. If the discount factor had been 22 per cent instead of 10 per cent, the tested value would have been equal to the discounted cash flow. If the EBIT percentage used had been 1.6 per cent instead of 10 per cent, the tested value would have been equal to the discounted cash flow. The Company has a total amount of bank loans on December 30, 2016 EUR 2.9 million. The loan agreements include covenants regarding equity ratio, which will be considered at the first time on 31 December, 2017 (EUR 8.2 million). Should the company not be within the limits of a covenant, the creditor is entitled to call in the loans to which that covenant applies. The covenant levels are reviewed semi-annually on a rolling twelve-month basis after 31 December 2017. The equity ratio must be minimum 30 per cent. On December 30, 2016 the company's equity ratio was -26.1 per cent (14.8 per cent) EBITDA = Earnings before Interest, Taxes and Depreciation and Amortization Diluted earnings per share = result for the period ∕ number of shares, adjusted for issues and dilution, average Earnings per share = result for the period ∕ number of shares, adjusted for issues, average Shareholders’ equity per share = shareholders’ equity ∕ number of shares, undiluted, on the closing date Cash flow from operating activities, per share, diluted = net cash flow from operating activities ∕ number of shares, adjusted for issues and dilution, average Return on investment = (result before taxes + interest expenses + other financial expenses) ∕ (balance sheet total - non-interest-bearing liabilities, average) × 100
Smart Devices | Date: 2011-03-26
A system for predicting, communicating, displaying and utilizing data that is relevant to the distributed power generation and usage of electricity service via means that are easy to obtain, easy to interpret, and inexpensive.
Agency: GTR | Branch: Innovate UK | Program: | Phase: Smart - Development of Prototype | Award Amount: 239.71K | Year: 2015
Rehabilitation describes a physio-therapeutic treatment patients undertake following orthopaedic surgery (e.g. Total Knee Replacement), stroke, musculoskeletal disorders & trauma. These age-related disabilities increase expenditure on health & social care; treating a significant growing, ageing population with chronic conditions. The requirement for rehabilitation is dramatically increasing; in the UK there are over 3m rehabilitation consultations annually. However, effective rehabilitation in Hospitals is costly for the NHS and inconsistent/inconvenient for the patient due to the current rehabilitation pathway, leading to poor health outcomes. This project will develop ‘Limb Glider’ an Intelligent Rehabilitation Device with patented Assisted Controlled Active Motion, an advanced way to deliver home rehabilitation for lower & upper limbs that critically improves outcomes for patients enabling them to remain active and independent, whilst reducing the cost & resource burden on the NHS. The device provides remote monitoring/management capability through a cloud based data sharing system to complement current rehabilitation pathways. The project will develop the design to incorporate Active-Passive Bilateral therapy to help regain motor function and neurological connections in the brain helping prevent limb paralysis and pain. Clinical trials will test the prototype and integrate the technology and clinical scientific research in biomechanical, stroke and neurology to combine musculoskeletal therapy regimes into the Limb Glider technology algorithms and special sensors. This enables; clinicians to pre-set and remotely monitor m-Health therapy tailored to individuals and patients to engage with their rehabilitation at home, improving outcomes. Clinical utility & efficacy will be tested with users in Knee and Stroke rehabilitation. Output of the project will be a device/system to deliver more consistent, complete, cost effective, rehabilitation to patients globally.
Agency: GTR | Branch: Innovate UK | Program: | Phase: Smart - Development of Prototype | Award Amount: 96.63K | Year: 2012
Every year in the UK alone over 1 million people attend Hospital A&E departments suffering from head injuries which can lead to severe brain injury. People can also suffer brain injury if they have a stroke, disease or during intensive care. Pupil monitoring is critically important in the acutely ill patient, it is a regular diagnostic feature in pre-hospital (paramedic), intensive (ITU) and high-dependency (HDU) care. It is part of an important neurological observation routine and a measurement clinicians use to regularly assess a patient as the pupils’ size and reaction to light gives an indication or early diagnosis of potential brain trauma in injured or post operative patients. Pupil response is the only assessment of human condition that is still measured by another human. Current practice is for a Doctor or Nurse to measure pupil size & dilation manually by shining light (using a pen torch) into patients’ eyes - an assessment subjectively affected by their judgement, training, their own eye sight and the light levels around them. The measurement is not accurately quantified and hence cannot be referenced and compared by other clinicians (for example) throughout the patient admission/treatment process. Failing torch batteries and bulbs also impair this critical life threatening diagnosis. Hence the clinical need for improved monitoring and assessment of pupil response was identified and investigated by Newcastle NHS Freeman Hospital Trust. They conceptualised a device obtaining two patents granted on electronically measuring and recording the size and rate of dilatation of a patients’ pupils. It developed a simple prototype and looked to license the technology. ViVO Smart Medical Devices secured an exclusive worldwide license to develop and commercialise this innovative concept - to be called a Pupiloscope. The aim of the project is to develop the Pupiloscope as an important medical diagnostic device for use in the NHS & Global Healthcare Market.