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News Article | May 19, 2017
Site: www.PR.com

Nurse Betty Abernathy, with Wellness Family Medicine in Spartanburg, South Carolina is now in network with Blue Cross Blue Shield. Spartanburg, SC, May 19, 2017 --( Betty has been with Wellness Family Medicine since 2000. She is a graduate of the University of South Carolina (USC) Nurse Practitioner program with a Masters of Science in Nursing. She holds national certification by the American Nurses Credentialing Center and has staff privileges at SRMC. She is a member of the American College of Nurse Practitioners as well as the SC Nurse Practitioner Coalition. Wellness Family Medicine specialize in family medical care. We believe in the potential to prevent many of the illnesses that Americans experience through lifestyle adjustments, dietary changes, exercise and nutritional supplementation. Our philosophy is to empower the patient by providing reliable information about prevention issues and primary care. Spartanburg, SC, May 19, 2017 --( PR.com )-- Wellness Family Medicine is happy to announce that Registered Nurse, Betty Abernathy, is now in network with Blue Cross Blue Shield. “Nationwide, more than 96 percent of hospitals and 93 percent of doctors and specialists contract with Blue Cross Blue Shield companies - more than any other insurer.” – (www.bcbs.com)Betty has been with Wellness Family Medicine since 2000. She is a graduate of the University of South Carolina (USC) Nurse Practitioner program with a Masters of Science in Nursing. She holds national certification by the American Nurses Credentialing Center and has staff privileges at SRMC. She is a member of the American College of Nurse Practitioners as well as the SC Nurse Practitioner Coalition.Wellness Family Medicine specialize in family medical care. We believe in the potential to prevent many of the illnesses that Americans experience through lifestyle adjustments, dietary changes, exercise and nutritional supplementation. Our philosophy is to empower the patient by providing reliable information about prevention issues and primary care. Click here to view the list of recent Press Releases from Wellness Family Medicine


News Article | July 19, 2017
Site: globenewswire.com

MILPITAS, Calif., July 19, 2017 (GLOBE NEWSWIRE) -- Sierra Monitor Corporation (OTCQB:SRMC), a provider of Industrial Internet of Things (IIoT) solutions that target facility automation and facility safety requirements, today announced that its board of directors has declared a quarterly cash dividend of $0.01 per share of common stock. The cash dividend will be payable on August 15, 2017 to shareholders of record on August 1, 2017. This is the twentieth consecutive quarterly dividend to be paid by the company and represents a quarterly payout of $101,906 in aggregate, based on 10,190,625 shares outstanding as of June 30, 2017. About Sierra Monitor Corporation Sierra Monitor Corporation addresses the industrial and commercial facilities management market with Industrial Internet of Things (IIoT) solutions that target facility automation and facility safety requirements. The company’s FieldServer brand of protocol gateways and FieldPoP™ device cloud target the facility automation segment and are used by OEMs and system integrators to enable local and remote monitoring and control. With more than 200,000 products, supporting over 140 protocols, installed in commercial and industrial facilities, FieldServer is the industry’s leading multi-protocol gateway. Sierra Monitor’s Sentry IT fire and gas detection solutions address the facilities safety segment, and are used by safety managers to protect facility personnel and assets. Sentry IT branded controllers, sensor modules, and software are installed at thousands of facilities such as natural gas vehicle fueling and maintenance stations, wastewater treatment plants, oil and gas refineries and pipelines, parking garages, and underground telephone vaults. Headquartered in the heart of Silicon Valley in Milpitas, California, Sierra Monitor was founded in 1978 and has been a public company since 1989. By combining its distinguished track record in industrial sensing and automation with IoT technologies such as wireless, cloud connectivity, and data services, Sierra Monitor is at the forefront of the emerging IIoT trend.


MILPITAS, Calif., Aug. 01, 2017 (GLOBE NEWSWIRE) -- Sierra Monitor Corporation (OTCQB:SRMC), a provider of Industrial Internet of Things (IIoT) solutions that connect and protect high-value infrastructure assets, today announced financial results for the second quarter ended June 30, 2017. Sierra Monitor will host a conference call to discuss the financial results on Wednesday, August 2, 2017 at 10:00 AM Pacific Time.  The conference call can be accessed live over the phone by dialing (844) 392-1914 or for international callers by dialing +1 (270) 823-1072 and referencing conference ID 63952930. Second Quarter and Six Month 2017 Financial Results Net sales for the quarter ended June 30, 2017 were $4,835,420, compared to $4,818,592 reported for the same period of 2016. Sierra Monitor posted a GAAP net loss of $425,464 or $0.04 per share (basic and diluted), for the quarter ended June 30, 2017, compared to GAAP net income of $4,416 or $0.00 per share (basic and diluted), for the same period of 2016. See Table A of this release for condensed statements of operations. Approximately $400,000 of the current period net loss was attributable to one time reorganization costs. Sierra Monitor posted non-GAAP net loss of $275,102 or $0.03 per share (basic and diluted), for the quarter ended June 30, 2017, compared to non-GAAP net income of $167,319 or $0.02 per share (basic and diluted), for the same period of 2016.  See Table C of this release for a reconciliation of GAAP to non-GAAP operating results.  Approximately $400,000 of the current period non-GAAP net loss was attributable to one time reorganization costs. Sierra Monitor recorded negative EBITDA of $580,982 for the quarter ended June 30, 2017, compared to EBITDA of $158,246 for the same period of 2016. See Table D of this release for reconciliation between GAAP Net Income and EBITDA operating results.  Approximately $580,000 of the current period EBITDA loss was attributable to one time reorganization costs. Net sales for the six months ended June 30, 2017 were $9,362,610, compared to $9,359,589 reported for the same period of 2016. Sierra Monitor posted GAAP net loss of $559,306 or $0.05 per share (basic and diluted), for the six months ended June 30, 2017, compared to GAAP net loss of $93,712 or $0.01 per share (basic and diluted), for the same period of 2016. See Table A of this release for condensed statements of operations.  Approximately $400,000 of the current year-to-date net loss was attributable to one time reorganization costs. Sierra Monitor posted non-GAAP net loss of $253,007 or $0.03 per share (basic and diluted), for the six months ended June 30, 2017, compared to non-GAAP net income of $361,258 or $0.04 per share (basic and diluted) for the same period of 2016.  See Table C of this release for a reconciliation of GAAP to non-GAAP operating results.  Approximately $400,000 of the current year-to-date non-GAAP net loss was attributable to one time reorganization costs. Sierra Monitor posted negative EBITDA of $675,184 for the six months ended June 30, 2017, compared to EBITDA of $186,414 for the same period of 2016. See Table D of this release for reconciliation between GAAP Net Income and EBITDA operating results.  Approximately $580,000 of the current year-to-date negative EBITDA was attributable to one time reorganization costs. Sierra Monitor had $4,639,458 in cash on June 30, 2017 with no bank borrowings, compared to $4,692,999 on December 31, 2016. Net trade receivables on June 30, 2017 were $2,639,429, compared to $2,502,601 on December 31, 2016. The company’s days’ sales outstanding were 48 days, compared to 47 days for the same period in 2016. Inventory at the end of Q2 2017 was $2,524,298 compared to $2,443,774 on December 31, 2016. See Table B of this release for a summary of the balance sheet. Two senior executives left the company during the second quarter of 2017.  Re-organization costs of approximately $580,000 related to the executive departures impacted our financial results noted Gordon Arnold, Interim CEO.  Our second quarter 2017 revenue from gas detection products increased approximately 9% and revenue from FieldServer products increased approximately 5% compared to the first quarter of 2017. While we continue qualification processes for our FieldPop cloud offering we know it is important to build sales of the current product lines.  Toward that goal we began ProtoNode shipments to three new customers including a boiler manufacturer, a water pump manufacturer and a flow control engineering firm.  We also completed qualification testing with two lighting control companies, a clean room fan filter manufacturer and an uninterruptable power supply manufacturer.  Each of these Original Equipment Manufacturers are now using, or expected to use, our ProtoNode or ProtoAir modules for interface with Building Management System. The variety of applications is an indication of the type of opportunity available for deployment of our gateway products and represents further opportunity for our FieldPop cloud solution.  FieldPop enables remote control and data management. We appointed a new Director of Sales and Marketing to lead and grow our gas detection sales team.  We have upgrades underway for gas detection systems on the Los Angeles Metro Purple line and Gold Line where our new controller and gas detector technologies were justified by the labor cost savings during ownership.  We are also upgrading the first of twelve CNG facilities used by the Los Angles Metro bus lines where our equipment has been in operation since the late 1990’s. Sierra Monitor Corporation addresses the industrial and commercial facilities management market with Industrial Internet of Things (IIoT) solutions that connect and protect high-value infrastructure assets. The company’s FieldServer brand of protocol gateways is used by system integrators and OEMs to enable local and remote monitoring and control of assets and facilities.   With more than 200,000 installed units, supporting over 140 protocols, installed in commercial and industrial facilities, FieldServer is the industry’s leading multi-protocol gateway. Sierra Monitor’s Sentry IT fire and gas detection solutions are used by industrial and commercial facilities managers to protect their personnel and assets. Sentry IT branded controllers, sensor modules, and software are installed at thousands of facilities such as natural gas vehicle fueling and maintenance stations, wastewater treatment plants, oil and gas refineries and pipelines, parking garages, US Navy ships, and underground telephone vaults. Headquartered in the heart of Silicon Valley in Milpitas, California, Sierra Monitor was founded in 1978 and has been a public company since 1989. By combining its distinguished track record in industrial sensing and automation with emerging IoT technologies such as cloud connectivity, big data, and analytics, Sierra Monitor is at the forefront of the emerging IIoT trend. This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, including those statements concerning future product plans and releases, market acceptance and adoption of our solutions, macroeconomic trends and market conditions, investment plans, results of operations, market position, and strategic plans and objectives. These statements are not guarantees of future performance and actual results may differ materially from those described in these forward-looking statements as a result of a number of factors. Further information on these risks, uncertainties and assumptions as well as information regarding other factors that could affect the company’s financial results is included in the reports on Forms 10-K, 10-Q and 8-K and in other filings we make with the Securities and Exchange Commission from time to time. Forward-looking statements contained in this announcement are made as of this date and will not be updated. See accompanying notes to the unaudited interim condensed financial statements. The accompanying news release contains non-GAAP financial measures. The following tables reconcile the non-GAAP financial measures used to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles (GAAP). These non-GAAP financial measures include EBITDA, non-GAAP net income, and basic and diluted non-GAAP net income per share. Sierra Monitor continues to provide all information required in accordance with GAAP and does not suggest or believe non-GAAP financial measures should be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated.  Sierra Monitor believes that these non-GAAP financial measures provide meaningful supplemental information regarding its operating results primarily because they exclude amounts the Company does not consider part of ongoing operating results when assessing the overall Company performance.The accompanying news release contains non-GAAP financial measures. The following tables reconcile the non-GAAP financial measures used to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles (GAAP). These non-GAAP financial measures include EBITDA, non-GAAP net income, and basic and diluted non-GAAP net income per share. We believe that our non-GAAP financial measures facilitate the comparison of results for current periods with results for past periods. We exclude the following items from non-GAAP financial measures: Depreciation and Amortization of Tangible and Intangible Assets In accordance with GAAP, depreciation and amortization of tangible and intangible assets includes depreciation of purchased capital assets and amortization of intangible assets including third party approval fees. We exclude these amounts from our internal measures for budget and planning purposes. We maintain an allowance for doubtful accounts which is analyzed on a periodic basis to ensure that it is adequate to the best of management’s knowledge.  We exclude these amounts from our internal measures for budget and planning purposes. We evaluate our inventories for excess or obsolescence on a quarterly basis.  Inventories identified as slow moving or obsolete are determined based on historical experience and current product demand.  The quarterly analysis is used to adjust the provision for inventory losses.  We exclude the provision for inventory losses from our internal measures for budget and planning purposes. Our non-GAAP financial measures exclude stock-based compensation expenses, which consist of expenses for stock options. While stock-based compensation is an expense affecting our results of operations, management excludes stock-based compensation from our budget and planning process. For these reasons we exclude stock-based compensation expenses from our non-GAAP financial measures.  We compute weighted average dilutive stocks using the methods required by GAAP for both GAAP and non-GAAP diluted net income per share. EBITDA represents net earnings attributable to Sierra Monitor excluding interest expense, income taxes, depreciation and amortization. As required by SEC rules, we have provided reconciliation on Table D of this measure to the most directly comparable GAAP measure. Management believes that EBITDA is one of the appropriate measures for evaluating the operating performance of the Company because it reflects the resources available for strategic opportunities including, among others, to invest in the business, strengthen the balance sheet, and make strategic acquisitions. Sierra Monitor refers to these non-GAAP financial measures in evaluating and measuring the performance of our ongoing operations and for planning and forecasting in future periods. These non-GAAP financial measures also facilitate our internal comparisons to historical operating results.  We are reporting non-GAAP financial measures because we believe that the inclusion of comparative numbers provides consistency in our financial reporting. We compute non-GAAP financial measures using the same consistent method from quarter to quarter and year to year. Sierra Monitor believes that non-GAAP measures have significant limitations in that they do not reflect all of the amounts associated with Sierra Monitor's financial results as determined in accordance with GAAP and that these measures should only be used to evaluate Sierra Monitor's financial results in conjunction with the corresponding GAAP measures, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated. Because of these limitations, Sierra Monitor qualifies the use of non-GAAP financial information in a statement when non-GAAP information is presented. In addition, the exclusion of the charges and expenses indicated above from the non-GAAP financial measures presented does not indicate an expectation by Sierra Monitor management that similar charges and expenses will not be incurred in subsequent periods.


News Article | July 31, 2017
Site: globenewswire.com

MILPITAS, Calif., July 31, 2017 (GLOBE NEWSWIRE) -- Sierra Monitor Corporations (SRMC) (OTCQB:SRMC) today announced that it will host a conference call to discuss second quarter 2017 financial results on Wednesday, August 2, 2017 at 10:00 AM Pacific Time.  A press release with second quarter 2017 financial results will be issued at approximately 8 AM Pacific Time that same day. The conference call can be accessed live over the phone by dialing (844) 392-1914 or for international callers by dialing +1 (270) 823-1072. Sierra Monitor Corporation addresses the industrial and commercial facilities management market with Industrial Internet of Things (IIoT) solutions that connect and protect high-value infrastructure assets. The company’s FieldServer brand of protocol gateways is used by system integrators and OEMs to enable local and remote monitoring and control of assets and facilities.  With more than 200,000 installed units, supporting over 140 protocols, installed in commercial and industrial facilities, FieldServer is the industry’s leading multi-protocol gateway. Sierra Monitor’s Sentry IT fire and gas detection solutions are used by industrial and commercial facilities managers to protect their personnel and assets. Sentry IT branded controllers, sensor modules, and software are installed at thousands of facilities such as natural gas vehicle fueling and maintenance stations, wastewater treatment plants, oil and gas refineries and pipelines, parking garages, US Navy ships, and underground telephone vaults. Headquartered in the heart of Silicon Valley in Milpitas, California, Sierra Monitor was founded in 1978 and has been a public company since 1989. By combining its distinguished track record in industrial sensing and automation with emerging IoT technologies such as cloud connectivity, big data, and analytics, Sierra Monitor is at the forefront of the emerging IIoT trend.


David Stegall Elected President of the Society of Risk Management Consultants The Society of Risk Management Consultants recently held their annual conference in Montreal, Quebec, Canada and elected new Officers and Directors. Birmingham, AL, November 01, 2016 --( Other Newly Elected Officers: President-Elect: Mr. Benjamin C. Few III, ARM, ARM-P, AAI, of Ben Few & Company, Fort Myers, FL; Secretary: Mr. Christopher J. Franki, CPCU, ARM, Vice President and Principal Consultant with Insurance Buyers’ Council, Inc. in Cockeysville, MD; Treasurer: Mr. Joe C. Underwood, ARM-E, CPCU, ACI, MBA, Principal at Albert Risk Management Consultants in Needham, MA and Immediate-Past President: Mr. Michael Norek, Principal Consultant and Partner at KFDA in Boston, MA. Newly Elected Directors: Ms. Joy M. Gänder, CPCU, ARM, Principal, Gänder Consulting, LLC in Madison, WI; Mr. Robert R. Duty, ARM, Senior Risk Consultant, Charles Taylor, PLC in Dallas, TX; Mr. Robert L. Bernens, ARM, President, Core Risk Services in Oldenburg, IN; and Mr. James R. Mahurin, CPCU, ARM, Principal, James R. Mahurin Risk Management & Insurance Consulting in Franklin, TN. Other Directors: Mr. Michael W. Gurval, ARM, of ICA Risk Management Associates in Stirling, NJ; Mr. Glenn Linville, CPCU, ARM, of CORE Risk Services in Cincinnati, OH; Ms. Noel Orsak of Sigma Risk Management Consulting of Houston, TX and Ms. Kelly Wierzchowski of Crain, Langer & Co. in Ritchfield, OH. The Society of Risk Management Consultants is an international organization of professionals engaged in risk management and insurance consulting. SRMC Members serve their clients and the public through research, education, exchange of information and the promotion of professional and ethical guidelines. SRMC Members are compensated exclusively by their clients on a fee-for-service basis and are held to rigid standards of education, experience, professionalism and code of ethics. For more information, contact: Chris Moss, Public Relations Chair - Society of Risk Management Consultants, christopher.moss@ctplc.com Birmingham, AL, November 01, 2016 --( PR.com )-- The Society of Risk Management Consultants ( srmcsociety.org ) is pleased to announce the election of Mr. David L. Stegall, CPCU, ARM, ARe, RPA to the position of President. Mr. Stegall is Principal Consultant at Risk Consulting & Expert Services ( www.rces.us ), a risk management and insurance consulting firm in Birmingham, AL. Mr. Stegall founded his firm in 2007 and holds a B.A. Degree in Communications from Auburn University.Other Newly Elected Officers: President-Elect: Mr. Benjamin C. Few III, ARM, ARM-P, AAI, of Ben Few & Company, Fort Myers, FL; Secretary: Mr. Christopher J. Franki, CPCU, ARM, Vice President and Principal Consultant with Insurance Buyers’ Council, Inc. in Cockeysville, MD; Treasurer: Mr. Joe C. Underwood, ARM-E, CPCU, ACI, MBA, Principal at Albert Risk Management Consultants in Needham, MA and Immediate-Past President: Mr. Michael Norek, Principal Consultant and Partner at KFDA in Boston, MA.Newly Elected Directors:Ms. Joy M. Gänder, CPCU, ARM, Principal, Gänder Consulting, LLC in Madison, WI; Mr. Robert R. Duty, ARM, Senior Risk Consultant, Charles Taylor, PLC in Dallas, TX; Mr. Robert L. Bernens, ARM, President, Core Risk Services in Oldenburg, IN; and Mr. James R. Mahurin, CPCU, ARM, Principal, James R. Mahurin Risk Management & Insurance Consulting in Franklin, TN.Other Directors:Mr. Michael W. Gurval, ARM, of ICA Risk Management Associates in Stirling, NJ; Mr. Glenn Linville, CPCU, ARM, of CORE Risk Services in Cincinnati, OH; Ms. Noel Orsak of Sigma Risk Management Consulting of Houston, TX and Ms. Kelly Wierzchowski of Crain, Langer & Co. in Ritchfield, OH.The Society of Risk Management Consultants is an international organization of professionals engaged in risk management and insurance consulting. SRMC Members serve their clients and the public through research, education, exchange of information and the promotion of professional and ethical guidelines. SRMC Members are compensated exclusively by their clients on a fee-for-service basis and are held to rigid standards of education, experience, professionalism and code of ethics.For more information, contact:Chris Moss, Public Relations Chair - Society of Risk Management Consultants, christopher.moss@ctplc.com David Stegall Elected President of the Society of Risk Management Consultants The Society of Risk Management Consultants (srmcsociety.org) is pleased to announce the election of Mr. David L. Stegall, CPCU, ARM, ARe, RPA to the position of President. Filename: SRMC-Press-Release-10-28-16Re.pdf Click here to view the list of recent Press Releases from Risk Consulting & Expert Services


News Article | February 4, 2017
Site: www.techtimes.com

Zika Virus - What You Should Know Ohio is poised to hit more than double last year's annual total of overdose-related deaths. The Montgomery County Coroner's office has already recorded 145 cases just one month into 2017. The pressure on the County Coroner, however, is mounting. It is running out of room for bodies. The same spike in overdose-related deaths is also seen in Clark County, while the Springfield Regional Medical Center (SRMC) reported the same pattern of rising cases of drug overdose. Cuyahoga County also had its share of overload: 517 cases in 2016, which almost doubled the 2015 figure. With overdose-related deaths rising in Ohio, there is much strain on the state's resources, both in terms of facilities and medicine. Dr. Kent Harshbarger, county coroner in Montgomery, said his office had expanded its facilities by adding 12 more spaces in their refrigerators but found these were "not enough" with the uptick of deaths due to drug overdose. The coroner plans to rent spaces in funeral homes to meet the overload. In Clark County, drug overdose cases averaged five or six in a day. The number, according to the county's Health Commissioner Charles Patterson, could be higher if those who refused medical attention after being revived by first responders are included. On Jan. 27, for instance, there were 50 drug overdose cases in SRMC. This prompted Clark County's health department to seek help from the state for the supply of overdose reversing drugs. The supply of overdose reversing drug naloxone is running low, but the state health department has vowed to help. The increasing number of drug overdose deaths in the state is traced to fentanyl and heroin, Harshbarger said. Fentanyl is a potent, synthetic pain reliever used among cancer patients. It is 50 times more powerful than heroin and up to 100 times than morphine. The analgesic has been widely used as synthetic opioid with record 1,700 kilograms (approx. 3,740 pounds) sold in 2013 despite its life-threatening side effects. Some opioid deaths were due to wrong usage of fentanyl instead of heroin. Users may have been taking the drugs in their usual dose without knowing it was fentanyl. Ohio has invested close to $1 billion annually to address the crisis, but the cases of accidental overdoses continue to climb. The state recorded some 3,050 lives lost due to drug-related overdoses in 2015, which was 20 percent higher than in 2014. It could not yet be ascertained if the law signed by Ohio Gov. John Kasich last month to combat drug addiction in the state would ebb the tide. The measure requires, among others, pharmacy professionals to register with the Ohio Board of Pharmacy and put a cap on opiate prescriptions. © 2017 Tech Times, All rights reserved. Do not reproduce without permission.


MILPITAS, CA--(Marketwired - October 28, 2016) - Sierra Monitor Corporation ( : SRMC), a provider of Industrial Internet of Things (IIoT) solutions that connect and protect high-value infrastructure assets, today announced that it has been selected as a finalist in the "Software - Industrial Internet of Things Connectivity" category by Control Engineering magazine. The Control Engineering 2017 Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by Control Engineering's print and online subscribers. Survey respondents are asked to select products based on technological advancement, service to the industry, and market impact. The FieldPoP device cloud and FieldServer family of IIoT protocol gateways help Original Equipment Manufacturers (OEMs) and facility managers to provide remote service and support to IIoT end points in the facility such as controllers, devices, and sensors. Using FieldPoP as a service management portal, OEMs and their customers can securely connect to registered FieldServer IIoT gateways and routers from any location and have visibility to the IIoT devices behind the gateway. FieldPoP also serves as a data middleware layer that collects IIoT device data from the field and lets third-party applications incorporate that data in business and analytics applications. As a result, OEMs and their customers can gain new insights leading to improvements in product quality, innovations in products and services, and identification of new revenue opportunities. "We are pleased to be recognized by Control Engineering and its subscribers," said Varun Nagaraj, CEO of Sierra Monitor. "The FieldServer protocol translation gateway has long been a leader in the building and industrial automation markets. Now, with the FieldPoP device cloud, our customers have the ability to take even greater advantage of the IIoT opportunity." About the recognition More than 100 product nominations from almost 70 companies were entered for consideration in the 2017 Engineers' Choice Awards. Control Engineering subscribers will vote to identify the products they believe are the most exceptional based on technological advancement, service to the industry, and market impact. Awards will be presented as part of the 2017 Engineering Awards in Manufacturing event to be held in March 2017. Sierra Monitor Corporation addresses the industrial and commercial facilities management market with Industrial Internet of Things (IIoT) solutions that connect and protect high-value infrastructure assets. The company's FieldServer brand of protocol gateways is used by system integrators and OEMs to enable local and remote monitoring and control of assets and facilities. With more than 200,000 units, supporting over 140 protocols, installed in commercial and industrial facilities, FieldServer is the industry's leading multi-protocol gateway. Sierra Monitor's Sentry IT fire and gas detection solutions are used by industrial and commercial facilities managers to protect their personnel and assets. Sentry IT branded controllers, sensor modules, and software are installed at thousands of facilities such as natural gas vehicle fueling and maintenance stations, wastewater treatment plants, oil and gas refineries and pipelines, parking garages, US Navy ships, and underground telephone vaults. Headquartered in the heart of Silicon Valley in Milpitas, California, Sierra Monitor was founded in 1979 and has been a public company since 1989. By combining its distinguished track record in industrial sensing and automation with emerging IoT technologies such as cloud connectivity, big data, and analytics, Sierra Monitor is at the forefront of the emerging IIoT trend.


News Article | November 17, 2016
Site: www.marketwired.com

Facility managers and Industrial OEMs can remotely support devices and improve the facility's comfort, safety and energy efficiency MILPITAS, CA--(Marketwired - November 17, 2016) - Sierra Monitor Corporation ( : SRMC), a provider of Industrial Internet of Things (IIoT) solutions that connect and protect high-value infrastructure assets, today announced that its industry-leading BACnet gateways, routers, and network explorers are now "IIoT-Empowered out-of-the-box" and are shipping with new software that allows customers to securely register, access, and manage their field-installed products from Sierra Monitor's FieldPoP™ device cloud. By seamlessly and securely bridging BACnet-based facility networks to the cloud and using FieldPoP as a portal, facility managers and Original Equipment Manufacturers (OEMs) of industrial devices such as sensors and controllers, can remotely service and support devices and gain operational insights to improve the facility's comfort, safety and energy efficiency. Sierra Monitor's line of gateway products, including the EZ Gateway and QuickServer products, are used by OEMs and integrators to connect devices that speak a variety of protocols such as Modbus, SNMP, LonWorks, Metasys N2, M-Bus, KNX, and more than a hundred other proprietary protocols to BACnet-based networks and management systems within a building or facility. Additionally, Sierra Monitor's BACnet Router connects BACnet devices to BACnet/IP backbones, while the BACnet Explorer assists with installation and troubleshooting by discovering devices and data points on building and facility networks. The newly-released software enables all of Sierra Monitor's gateways, routers and explorers to be securely connected to the FieldPoP device cloud with just a few clicks. In addition to serving as a service management portal, FieldPoP also serves as a data middleware layer that collects IIoT device data from the field and lets third-party applications incorporate that data in business and analytics applications. As a result, OEMs and facility managers can gain new insights leading to improvements in product quality, innovations in products and services, and identification of new revenue opportunities. Customers who choose to take advantage of the pre-built integration between FieldServer products and the FieldPoP device cloud have a choice of "Freemium" options. Basic connectivity to the cloud over the Internet and the ability to remotely run the standard web user interface available on the FieldServer products are part of the standard package. Value-added "fog applications" that run on the FieldServer products such as a dashboard view of field devices and data, trend logs, control logic applications, data uploads to the cloud for long-term analysis, and real-time alerts and notifications to authorized personnel are offered as premium features. "BACnet has emerged as the leading protocol used in building and facility automation," said David Nardonne, Membership Manager at BACnet International, an industry association that facilitates the successful use of the BACnet protocol in building automation and control systems through interoperability testing, educational programs and promotional activities. "The ability to securely and seamlessly bridge BACnet-based facility networks to the cloud is a significant addition to the BACnet toolkit." "This announcement underscores our commitment to be one of the leaders in bridging Operational Technology (OT) with Information Technology (IT)," said Varun Nagaraj, CEO of Sierra Monitor. "The FieldServer protocol translation gateway has long been a leader in the building and industrial automation markets. Now, with the pre-integration of FieldServer gateways, routers and explorers with the FieldPoP device cloud, we have made it extremely easy for our customers to take advantage of the cloud and the IIoT opportunity." Sierra Monitor Corporation addresses the industrial and commercial facilities management market with Industrial Internet of Things (IIoT) solutions that connect and protect high-value infrastructure assets. The company's FieldServer brand of protocol gateways is used by system integrators and OEMs to enable local and remote monitoring and control of assets and facilities. With more than 200,000 units, supporting over 140 protocols, installed in commercial and industrial facilities, FieldServer is the industry's leading multi-protocol gateway. Sierra Monitor's Sentry IT fire and gas detection solutions are used by industrial and commercial facilities managers to protect their personnel and assets. Sentry IT branded controllers, sensor modules, and software are installed at thousands of facilities such as natural gas vehicle fueling and maintenance stations, wastewater treatment plants, oil and gas refineries and pipelines, parking garages, US Navy ships, and underground telephone vaults. Headquartered in the heart of Silicon Valley in Milpitas, California, Sierra Monitor was founded in 1979 and has been a public company since 1989. By combining its distinguished track record in industrial sensing and automation with emerging IoT technologies such as cloud connectivity, big data, and analytics, Sierra Monitor is at the forefront of the emerging IIoT trend.


MILPITAS, CA--(Marketwired - November 01, 2016) - Sierra Monitor Corporation ( : SRMC), a provider of Industrial Internet of Things (IIoT) solutions that connect and protect high-value infrastructure assets, today announced financial results for the third quarter ended September 30, 2016. Third Quarter and Nine Month 2016 Financial Results Net sales for the quarter ended September 30, 2016 were $5,063,617, compared to $5,398,080 reported for the same period of 2015. Sierra Monitor posted a GAAP net income of $45,523 or $0.00 per share (basic and diluted), for the quarter ended September 30, 2016, compared to GAAP net income of $264,091 or $0.03 per share (basic and diluted), for the same period of 2015. See Table A of this release for condensed statements of operations. Sierra Monitor posted non-GAAP net income of $227,592 or $0.02 per share (basic and diluted), for the quarter ended September 30, 2016, compared to non-GAAP net income of $440,546 or $0.04 per share (basic and diluted), for the same period of 2015. See Table C of this release for a reconciliation of GAAP to non-GAAP operating results. Sierra Monitor achieved EBITDA of $219,725 for the quarter ended September 30, 2016, compared to EBITDA of $594,073 for the same period of 2015. See Table D of this release for reconciliation between GAAP Net Income and EBITDA operating results. Net sales for the nine months ended September 30, 2016 were $14,423,206, compared to $15,342,866 reported for the same period of 2015. Sierra Monitor posted GAAP net loss of $48,189 or $0.00 per share (basic and diluted), for the nine months ended September 30, 2016, compared to GAAP net income of $646,637 or $0.06 per share (basic and diluted), for the same period of 2015. See Table A of this release for condensed statements of operations. Sierra Monitor posted non-GAAP net income of $509,730 or $0.05 per share (basic and diluted), for the nine months ended September 30, 2016, compared to non-GAAP net income of $1,278,061 or $0.13 per share (basic and diluted) for the same period of 2015. See Table C of this release for a reconciliation of GAAP to non-GAAP operating results. Sierra Monitor achieved EBITDA of $373,009 for the nine months ended September 30, 2016, compared to EBITDA of $1,570,151 for the same period of 2015. See Table D of this release for reconciliation between GAAP Net Income and EBITDA operating results. Sierra Monitor had $4,573,975 in cash on September 30, 2016 with no bank borrowings, compared to $4,883,373 on December 31, 2015. Net trade receivables on September 30, 2016 were $2,873,300, compared to $2,582,664 on December 31, 2015. The Company's days' sales outstanding were 50 days, compared to 48 days for the same period in 2015. Inventory at the end of Q3 2016 was $2,528,331 compared to $2,842,449 on December 31, 2015. See Table B of this release for a summary of the balance sheet. Business Highlights "Q3 2016 revenue increased approximately 5% over Q2 2016, but a technology refresh and upgrade program contributed to a slight reduction in gross margins for the quarter," said Varun Nagaraj, President and CEO. "In the gas business, we are seeing encouraging movement for new large projects in the United States such as the start of an upgrade cycle at LA Metro, but our Middle East business continues to underperform relative to previous quarters and years. We commenced the FM and ATEX certification process for new UV/IR and IR3 Flame Detector products, and expect to introduce these products broadly to the market in 1H 2017 as previously noted. The addition of these products is expected to strengthen our position in project bids that involve flame and gas, such as in the Middle East, while also exposing us to incremental flame-only opportunities in the Americas. In the gateway business, we believe that new product development and target segment selection is the key to growth. While market analysts have highlighted robust growth in the Industrial Internet of Things (IIoT) market segment, we believe that some of the new growth is being driven by use cases outside our current focus of building automation. We also believe that the requirement for connecting previously unconnected devices to the cloud is increasing at a faster rate than the traditional requirement of translating protocols to connect devices to Building Management Systems (BMS) within facilities. In that regard, our decision at the start of the year to invest in adding wireless capabilities to our gateway and developing FieldPoP™ positions us to address these new growth opportunities. We now have more than 20 OEMs in the FieldPoP beta program helping us refine our product. We expect to have a total of 30 OEM customers in this beta program before the end of the year. We plan to transition our OEM customers to a subscription-based model in 2017. In addition to providing a subscription-based revenue stream, we expect FieldPoP in combination with the wireless gateways under development to increase stickiness with current customers, make us eligible to target new use cases, and thereby win us new OEM customers." Even while ramping up the FieldPoP beta program, Sierra Monitor continued to expand its 200-plus OEM customer base for its FieldServer protocol gateway products. New design wins with existing and new customers continue to reinforce our position as a leading integration partner to OEMs in the Building and Facilities segments of the IIoT market. Some of the wins are also a testimonial to the relevance of the new FieldPoP direction. Additionally, Sierra Monitor's FieldServer protocol gateway products continued to be purchased and used by leading system integrators in high-value and complex IIoT projects in settings such as large campuses. Sierra Monitor's Sentry IT line of fire and gas solutions continued to be selected to protect high-value assets and facilities around the world for various applications. About Sierra Monitor Corporation Sierra Monitor Corporation addresses the industrial and commercial facilities management market with Industrial Internet of Things (IIoT) solutions that connect and protect high-value infrastructure assets. The company's FieldServer brand of protocol gateways is used by system integrators and OEMs to enable local and remote monitoring and control of assets and facilities. With more than 200,000 installed units, supporting over 140 protocols, installed in commercial and industrial facilities, FieldServer is the industry's leading multi-protocol gateway. Sierra Monitor's Sentry IT fire and gas detection solutions are used by industrial and commercial facilities managers to protect their personnel and assets. Sentry IT branded controllers, sensor modules, and software are installed at thousands of facilities such as natural gas vehicle fueling and maintenance stations, wastewater treatment plants, oil and gas refineries and pipelines, parking garages, US Navy ships, and underground telephone vaults. Headquartered in the heart of Silicon Valley in Milpitas, California, Sierra Monitor was founded in 1979 and has been a public company since 1989. By combining its distinguished track record in industrial sensing and automation with emerging IoT technologies such as cloud connectivity, big data, and analytics, Sierra Monitor is at the forefront of the emerging IIoT trend. Safe Harbor Statement This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, including those statements concerning future product plans and releases, market acceptance and adoption of our solutions, macroeconomic trends and market conditions, investment plans, results of operations, market position, and strategic plans and objectives. These statements are not guarantees of future performance and actual results may differ materially from those described in these forward-looking statements as a result of a number of factors. Further information on these risks, uncertainties and assumptions as well as information regarding other factors that could affect the company's financial results is included in the reports on Forms 10-K, 10-Q and 8-K and in other filings we make with the Securities and Exchange Commission from time to time. Forward-looking statements contained in this announcement are made as of this date and will not be updated. The accompanying news release contains non-GAAP financial measures. The following tables reconcile the non-GAAP financial measures used to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles (GAAP). These non-GAAP financial measures include EBITDA, non-GAAP net income, and basic and diluted non-GAAP net income per share. Sierra Monitor continues to provide all information required in accordance with GAAP and does not suggest or believe non-GAAP financial measures should be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated. Sierra Monitor believes that these non-GAAP financial measures provide meaningful supplemental information regarding its operating results primarily because they exclude amounts the Company does not consider part of ongoing operating results when assessing the overall Company performance. We believe that our non-GAAP financial measures facilitate the comparison of results for current periods with results for past periods. We exclude the following items from non-GAAP financial measures: Depreciation and Amortization of Tangible and Intangible Assets In accordance with GAAP, depreciation and amortization of tangible and intangible assets includes depreciation of purchased capital assets and amortization of intangible assets including third party approval fees. We exclude these amounts from our internal measures for budget and planning purposes. Provision for Bad Debt Expense We maintain an allowance for doubtful accounts which is analyzed on a periodic basis to ensure that it is adequate to the best of management's knowledge. We exclude these amounts from our internal measures for budget and planning purposes. Provision for Inventory Losses We evaluate our inventories for excess or obsolescence on a quarterly basis. Inventories identified as slow moving or obsolete are determined based on historical experience and current product demand. The quarterly analysis is used to adjust the provision for inventory losses. We exclude the provision for inventory losses from our internal measures for budget and planning purposes. Stock-based Compensation Expense Our non-GAAP financial measures exclude stock-based compensation expenses, which consist of expenses for stock options. While stock-based compensation is an expense affecting our results of operations, management excludes stock-based compensation from our budget and planning process. For these reasons we exclude stock-based compensation expenses from our non-GAAP financial measures. We compute weighted average dilutive stocks using the methods required by GAAP for both GAAP and non-GAAP diluted net income per share. EBITDA EBITDA represents net earnings attributable to Sierra Monitor excluding interest expense, income taxes, depreciation and amortization. As required by SEC rules, we have provided reconciliation on Table D of this measure to the most directly comparable GAAP measure. Management believes that EBITDA is one of the appropriate measures for evaluating the operating performance of the Company because it reflects the resources available for strategic opportunities including, among others, to invest in the business, strengthen the balance sheet, and make strategic acquisitions. Sierra Monitor refers to these non-GAAP financial measures in evaluating and measuring the performance of our ongoing operations and for planning and forecasting in future periods. These non-GAAP financial measures also facilitate our internal comparisons to historical operating results. We are reporting non-GAAP financial measures because we believe that the inclusion of comparative numbers provides consistency in our financial reporting. We compute non-GAAP financial measures using the same consistent method from quarter to quarter and year to year. Sierra Monitor believes that non-GAAP measures have significant limitations in that they do not reflect all of the amounts associated with Sierra Monitor's financial results as determined in accordance with GAAP and that these measures should only be used to evaluate Sierra Monitor's financial results in conjunction with the corresponding GAAP measures, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated. Because of these limitations, Sierra Monitor qualifies the use of non-GAAP financial information in a statement when non-GAAP information is presented. In addition, the exclusion of the charges and expenses indicated above from the non-GAAP financial measures presented does not indicate an expectation by Sierra Monitor management that similar charges and expenses will not be incurred in subsequent periods.


PubMed | SRMC
Type: Journal Article | Journal: Journal of surgical case reports | Year: 2014

Necrotizing fasciitis is an uncommon infection mainly caused by Streptococcus pyogenes, which is also known as flesh-eating bacteria. It is often caused by bacteria, but can also be caused and complicated by fungus. We report a case of bacterial necrotizing fasciitis that was complicated by a fatal fungal infection, a rare clinical presentation affecting the upper limbs, head and neck, in a young diabetic female patient. It was an unsuspected case of fungal infection with mucormycosis, which proved to be fatal due to a delay in diagnosis and treatment.

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