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News Article | February 27, 2017
Site: www.businesswire.com

LOWELL,Mass--(BUSINESS WIRE)--MACOM Technology Solutions Inc. (NASDAQ: MTSI) (“MACOM”), today announced the newest entry in its portfolio of components and integrated modules for 5G wireless infrastructure. Ideally suited for 28GHz, 37GHz and 39GHz frequency bands, the new SMT packaged MASW-011098 millimeterwave (mmW) switch is designed to meet the demanding bandwidth and link margin requirements of next-generation 5G demonstration systems. Leveraging decades of expertise in Active Antennas and Monolithic Microwave Integrated Circuits (MMICs), MACOM is utilizing its experience in beamforming radar design and applying it to 5G applications. MACOM’s product portfolio supports both sub-6 GHz wireless infrastructure utilizing massive MIMO (Massive In Massive Out) architectures, and high-frequency mmW technologies supporting a multitude of power and integration requirements. This legacy of innovation in phased array technology is a valuable asset for customers developing advanced antennae arrays supporting 5G beamforming capabilities. The MASW-011098 leverages MACOM’s patented AlGaAs technology process to ensure superior mmW switch performance, maintaining low insertion loss and high isolation while enabling higher power-per-element ratios for 5G demonstration systems. Low insertion loss reduces the power requirement from the power amplifier (PA), alleviating thermal challenges and extending the link range while simultaneously enabling improved receiver sensitivity. The MASW-011098 also provides flexible biasing options to ensure greater overall ease of use. “MACOM’s established expertise in high-bandwidth wireless infrastructure and millimeterwave technology is helping customers around the world accelerate the evolution to 5G,” said Preet Virk, Senior Vice President and General Manager, Networks, MACOM. “The patented switch technology within the MASW-011098 today underpins tens of thousands of transmit/receive channels in advanced 5G demonstration systems, enabling customers to speed their time to market with differentiated, cost-effective 5G system architectures that deliver breakthrough gains in wireless throughput and capacity.” Mobile World Congress (MWC 2017) attendees are invited to visit MACOM at Hall 8.1, Room CC8.15 from February 27 – March 2 in Barcelona, Spain, to speak with our wireless infrastructure experts about MACOM’s enabling technologies for 5G. MACOM’s MASW-011098 millimeterwave switches are available to qualified customers today. For more information about MACOM’s solutions for 5G wireless infrastructure, visit: www.macom.com/5G. MACOM is a new breed of analog semiconductor company—one that delivers a unique combination of high growth, diversification and high profitability. We are enabling a better-connected and safer world by delivering breakthrough semiconductor technologies for optical, wireless and satellite networks that satisfy society’s insatiable demand for information. Today, MACOM powers the infrastructure that millions of lives and livelihoods depend on every minute to communicate, transact business, travel, stay informed and be entertained. Our technology increases the speed and coverage of the mobile Internet and enables fiber optic networks to carry previously unimaginable volumes of traffic to businesses, homes and data centers. Keeping us all safe, MACOM technology enables next-generation radars for air traffic control and weather forecasting, as well as mission success on the modern networked battlefield. MACOM is the partner of choice to the world’s leading communications infrastructure and aerospace and defense companies, helping solve their most complex challenges in areas including network capacity, signal coverage, energy efficiency, and field reliability, through its best-in-class team and broad portfolio of RF, microwave, millimeterwave and lightwave semiconductor products. MACOM is a pillar of the semiconductor industry, thriving for more than 60 years of daring to change the world for the better through bold technological strokes that deliver true competitive advantage to customers and superior value to investors. Headquartered in Lowell, Massachusetts, MACOM is certified to the ISO9001 international quality standard and ISO14001 environmental management standard. MACOM has design centers and sales offices throughout North America, Europe, Asia and Australia. MACOM, M/A-COM, M/A-COM Technology Solutions, M/A-COM Tech, Partners in RF & Microwave, The First Name in Microwave and related logos are trademarks of MACOM. All other trademarks are the property of their respective owners. For more information about MACOM, please visit www.macom.com follow @MACOMtweets on Twitter, join MACOM on LinkedIn, or visit the MACOM YouTube Channel. Any express or implied statements in MACOM product announcements are not meant as warranties or warrantable specifications of any kind. The only warranty MACOM may offer with respect to any product sale is one contained in a written purchase agreement between MACOM and the purchaser concerning such sale and signed by a duly authorized MACOM employee, or, to the extent MACOM's purchase order acknowledgment so indicates, the limited warranty contained in MACOM's standard Terms and Conditions for Quotation or Sale, a copy of which may be found at: http://www.macom.com/purchases.


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

CLEARWATER, Fla., Jan. 31, 2017 (GLOBE NEWSWIRE) -- Tech Data Corporation (NASDAQ:TECD) (“Tech Data”) today announced it has completed the previously announced public offering of $500,000,000 aggregate principal amount of its 3.700% Senior Notes due 2022 and $500,000,000 aggregate principal amount of its 4.950% Senior Notes due 2027. Tech Data intends to use the net proceeds to fund a portion of the purchase price of the proposed acquisition (the “Acquisition”) by Tech Data of AVT Technology Solutions LLC and TS Divestco B.V., which will hold all assets and liabilities primarily relating to Avnet Inc.’s Technology Solutions business (the “Acquired Business”), pursuant to an Interest Purchase Agreement, dated September 19, 2016, and to pay certain costs associated with the Acquisition. Tech Data intends to use any remaining net proceeds from the offering for general corporate purposes. BofA Merrill Lynch, Citigroup and J.P. Morgan are acting as joint book-running managers for the offering of the Notes. This news release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement, which may be obtained by visiting the website of the Securities and Exchange Commission (“SEC”) at www.sec.gov or by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina 28255-001, Attn: Prospectus Department, by email at dg.prospectus_requests@baml.com or by telephone: 1-800-294-1322; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by email at prospectus@citi.com or by telephone: 1-800-831-9146; or J.P. Morgan Securities LLC, 383 Madison Ave, New York, NY 10179 or by telephone: 1-212-834-4533. Certain statements in this communication may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, including statements regarding Tech Data’s plans, objectives, expectations and intentions relating to the proposed Acquisition, financing and closing of the proposed Acquisition, and the expected timing and benefits of the proposed Acquisition, involve a number of risks and uncertainties and actual results could differ materially from those projected. These forward-looking statements are based on current expectations, estimates, forecasts, and projections about the proposed Acquisition and the operating environment, economies and markets in which Tech Data and the Acquired Business operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words, and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. For additional information with respect to risks and other factors which could occur, see Tech Data’s Annual Report on Form 10-K filed on March 24, 2016, including Part I, Item 1A, “Risk Factors” therein, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other securities filings with the SEC that are available at the SEC’s website at www.sec.gov and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Many of these factors are beyond Tech Data’s control. Unless otherwise required by applicable securities laws, Tech Data disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Tech Data undertakes no duty to update any forward-looking statements contained herein to reflect actual results or changes in Tech Data’s expectations. Tech Data Corporation is one of the world’s largest wholesale distributors of technology products, services and solutions. Its advanced logistics capabilities and value added services enable 105,000 resellers to efficiently and cost effectively support the diverse technology needs of end users in more than 100 countries. Tech Data generated $26.4 billion in net sales for the fiscal year ended January 31, 2016. It is ranked No. 108 on the Fortune 500® and one of Fortune’s “World’s Most Admired Companies.”


News Article | February 27, 2017
Site: www.businesswire.com

PHOENIX--(BUSINESS WIRE)--Today, Avnet (NYSE: AVT) announced it has completed the sale of its Technology Solutions business to Tech Data Corporation (NASDAQ: TECD). With the divestiture of these operations, Avnet is now solely focused on electronic components and integrated and embedded solutions, supporting its customers, ranging from makers to startups to large technology manufacturers, at every stage of the product lifecycle as they bring their latest innovations to market. Avnet received approximately $2.4 billion in cash and shares of Tech Data common stock valued at approximately $245 million based on the closing price of Tech Data’s shares on February 25, 2017. “Today marks a critical stage in the transformation of Avnet. We have doubled down on our electronic components and integrated and embedded solutions business, which is complemented by our reach into a broader market of customers in the idea stage through our recent acquisitions of Premier Farnell and Hackster,” said William Amelio, CEO of Avnet. “We will now be able to focus all of our attention and considerable expertise and scale in supporting our customers at every phase of the product lifecycle with services that offer a time to market advantage. We also have substantial financial resources to further drive our targeted investments in integrated and embedded solutions, IoT and digital platforms to create even more opportunities for makers, entrepreneurs and large manufacturers.” Avnet’s more than 95-year heritage as a leader in electronic components distribution, as well as its design and supply chain capabilities, are central to the company’s ability to support customers. With Avnet’s strategic approach to acquisitions, the company has greatly enhanced its support for customers at every stage of the product lifecycle, offers true end-to-end solutions that accelerate a customer’s time to market and seamlessly transitions their products from prototype through to volume production. Avnet’s global workforce, partnerships with the world’s leading technology suppliers, and presence in more than 125 countries provide customers with strength and scale needed to navigate today’s rapidly changing technology industry. Amelio added, “We wish our former Technology Solutions’ employees well as they start a new and successful chapter of their business history with Tech Data.” Moving forward, the company will operate globally under the single name Avnet, dispensing with the business unit moniker “Electronics Marketing.” This document contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management’s current expectations and are subject to uncertainty and changes in facts and circumstances. The forward-looking statements herein include statements addressing future financial and operating results of Avnet and may include words such as “will,” “anticipate,” “intend,” “estimate,” “forecast,” “expect,” “feel,” “believe,” “should,” and other words and terms of similar meaning in connection with any discussions of future operating or financial performance, business prospects or market conditions. Actual results may differ materially from the expectations contained in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the Company’s ability to retain and grow market share and to generate additional cash flow, risks associated with any acquisition activities and the successful integration of acquired companies, an industry down-cycle in semiconductors, IT hardware or software products, declines in sales, changes in business conditions and the economy in general, changes in market demand and pricing pressures, any material changes in the allocation of product or product rebates by suppliers, and other competitive and/or regulatory factors affecting the businesses of Avnet generally. More detailed information about these and other factors is set forth in Avnet’s filings with the Securities and Exchange Commission, including the Company’s reports on Form 10-K, Form 10-Q and Form 8-K. Except as required by law, Avnet is under no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. For more information on today’s announcement, please visit Avnet Investor Relations. Follow Avnet on Twitter: @Avnet Connect with Avnet on LinkedIn: http://www.linkedin.com/company/avnet Connect with Avnet on Facebook: http://www.facebook.com/AvnetInc All brands and trade names are trademarks or registered trademarks, and are the properties of their respective owners. Avnet disclaims any proprietary interest in marks other than its own. From idea to design and from prototype to production, Avnet supports customers at each stage of a product’s lifecycle. A comprehensive portfolio of design and supply chain services makes Avnet the go-to guide for innovators who set the pace for technological change. For nearly a century, Avnet has helped its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at www.avnet.com.


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

PHOENIX--(BUSINESS WIRE)--Avnet (NYSE:AVT) announced today that its Board of Directors approved an expansion of the company’s current share repurchase authorization by $500 million. Avnet now has $675 million available for share repurchases when combined with prior authorizations, and the latest authorization has no expiration date. In addition, Avnet’s Board of Directors approved a 5.9% increase in the quarterly cash dividend to $0.18 per share. The dividend will be paid on March 28, 2017, to shareholders of record as of the close of business on March 14, 2017. “The expansion of our share repurchase program and dividend increase highlight Avnet’s commitment to creating value for investors. Taken together, these programs have returned approximately $1.4 billion to shareholders over the past six years,” said William Amelio, Avnet’s Chief Executive Officer. Amelio continued, “With the sale of the Technology Solutions business this week, Avnet is now solely focused on supporting our electronic components and integrated and embedded solutions customers at every stage of the product lifecycle. The approximately $2 billion of after-tax proceeds from the sale will allow us to strengthen our balance sheet and return a meaningful amount of cash to our shareholders, while maintaining ample liquidity to fund future growth. We will use approximately $1.5 billion of the proceeds to pay down debt, and we are confident that as a result our credit statistics will solidly support our investment grade credit rating.” Avnet has approved a cumulative total of $1.75 billion toward share repurchases since its share repurchase program was authorized in August 2011. During this time, the company has purchased approximately $1.08 billion worth of its shares. Avnet plans to repurchase stock from time to time at the discretion of management in open market or privately negotiated transactions or otherwise, subject to applicable laws, regulations and approvals, strategic considerations, market conditions and other factors. The company may terminate or limit the stock repurchase program at any time without prior notice. This press release contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management’s current expectations and are subject to uncertainty and changes in facts and circumstances. The forward-looking statements herein include statements addressing future financial and operating results of Avnet and may include words such as “will,” “anticipate,” “expect,” believe,” and “should,” and other words and terms of similar meaning in connection with any discussions of future operating or financial performance, business prospects or market conditions. Actual results may vary materially from the expectations contained in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the Company’s ability to retain and grow market share and to generate additional cash flow, risks associated with any acquisition activities and the successful integration of acquired companies, declines in sales, changes in business conditions and the economy in general, changes in market demand and pricing pressures, any material changes in the allocation of product or product rebates by suppliers, allocations of products by suppliers, other competitive and/or regulatory factors affecting the businesses of Avnet generally. More detailed information about these and other factors is set forth in Avnet’s filings with the Securities and Exchange Commission, including the Company’s reports on Form 10-K, Form 10-Q and Form 8-K. Except as required by law, Avnet is under no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. From idea to design and from prototype to production, Avnet supports customers at each stage of a product’s lifecycle. A comprehensive portfolio of design and supply chain services makes Avnet the go-to guide for innovators who set the pace for technological change. For nearly a century, Avnet has helped its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at www.avnet.com. (AVT_IR)


THE WOODLANDS, Texas--(BUSINESS WIRE)--For the sixth year in a row, iKnowMedSM electronic health record (EHR) has been named the top-ranked EHR platform for oncologists and hematologists by Black Book™ Research, an unbiased industry-leading source for polling, surveys and market research. iKnowMed was recognized for its superior focus on meeting the unique needs of community-based oncology practices. Implemented in nearly 650 sites of care nationwide and used by 1,700 providers, iKnowMed was the top-ranked oncology EHR across all practice sizes and delivery sites. The EHR platform received number one rankings in nine key performance areas – the most in this year’s report - including support and customer care, client relationships and cultural fit, reliability, best of breed technology and process improvement, and strategic alignment with client goals. “Being the top-ranked oncology and hematology EHR for the sixth consecutive year is particularly rewarding because this recognition is based on independent customer satisfaction surveys and reflects iKnowMed’s ability to consistently meet and exceed the needs of oncology practices in an ever-changing healthcare environment,” said Dan Lodder, vice president and general manager of Technology Solutions for McKesson Specialty Health. “iKnowMed is a powerful EHR designed to help oncology practices operate more efficiently, boost financial performance and enhance the quality of patient care, all critical components for successfully transitioning to value-based care programs such as the Oncology Care Model (OCM) and the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA).” iKnowMed Generation 2, developed in collaboration with oncologists in The US Oncology Network and supported by McKesson Specialty Health, was the first next generation EHR for oncology and hematology available. This innovative EHR platform seamlessly integrates with McKesson Specialty Health’s leading technology solutions to meet the unique needs of oncology practices and enhance value-based care delivery while strengthening core practice operations. “Black Book Research conducts a rigorous process to review technology and rank them accordingly,” said Doug Brown, managing partner, Black Book Research. “We are responsible for providing a trusted resource for physicians and administrators so they can make informed decisions about which product best meets their needs. We congratulate iKnowMed for its continued high ranking as the top EHR for Oncology and Hematology practices. It is an honor to be identified as a vendor that repeatedly puts customers first.” Integrated iKnowMed modules include Clear Value PlusSM–clinical quality and regimen support; My Care PlusSM–an oncology-focused patient portal engaging more than 371,000 enrolled patients; Lynx Mobile® inventory and purchasing management; TotalViewSM Generation 2 revenue cycle reporting, and Practice InsightsSM analytics. Together, these best-in-class solutions help practices safely deliver high-quality patient care, advancing a practice’s ability to provide an integrated care experience for both patients and their comprehensive team of caregivers while optimizing revenue. “We are excited that iKnowMed was not only recognized with the highest overall ranking but also the highest ratings in many key performance areas that are important to our customers. This reinforces our commitment to provide oncology practices award-winning, next-generation EHR solutions along with industry-leading support and service from our extremely talented and dedicated team,” said Calvin Chock, vice president of Product Management and Engineering for McKesson Specialty Health. “This ensures practices can confidently invest in one of the most innovative and robust technology platforms in oncology which drives efficiency and high-quality care.” McKesson Specialty Health (“MSH”), a division of McKesson Corporation, works together with stakeholders across the healthcare delivery system to preserve and strengthen specialty care, passionately driven by the benefits it provides patients and the system as a whole. Through innovative provider, practice management, manufacturer and payer solutions, MSH focuses on improving the financial, operational and business health of our customers and partners so they may provide the best care to patients. At McKesson Specialty Health, we believe that we are all in this together. For more information, visit www.mckessonspecialtyhealth.com. About The US Oncology Network Every day, The US Oncology Network (“The Network”) helps more than 1,400 independent physicians deliver value-based, integrated care for patients — close to home. Through The Network, these independent doctors come together to form a community of shared expertise and resources dedicated to advancing local cancer care and to delivering better patient outcomes. The Network provides doctors with access to coordinated resources, best business practices, and the experience, infrastructure and support of McKesson Specialty Health. This collaboration allows the doctors in The Network to focus on the health of their patients, while McKesson focuses on the health of their practices. Together, The Network and its affiliated physicians are committed to the success of independent practices, everywhere. For more information, visit www.usoncology.com. Black Book Market Research LLC, provides healthcare IT users, media, investors, analysts, quality minded vendors, and prospective software system buyers, pharmaceutical manufacturers, and other interested sectors of the clinical technology industry with comprehensive comparison data of the industry's top respected and competitively performing technology vendors. The largest user opinion poll of its kind in healthcare IT, Black Book™ collects over 540,000 viewpoints on information technology and outsourced services vendor performance annually.


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

Koniag Inc., an Alaska Native Company (ANC), is pleased to announce the establishment of Arlluk Technology Solutions, LLC, an SBA 8(a) certified company. Arlluk Technology Solutions LLC, is a wholly owned subsidiary of Koniag, Inc., and is part of the Koniag Government Services Sector. Arlluk will provide a range of professional services including Application Development, Maintenance, and Enhancements, Enterprise IT Infrastructure Solutions, Cyber Security, and Integrated Program Management services. It will support Federal civilian and defense agencies and State governments across multiple business functions including: Finance, Health, Defense, Social Services, Consumer Protection and Insurance. Koniag Government Services CEO Ed O’Hare commented “We are thrilled to add Arlluk Technology Solutions to the Koniag Government Services family of companies. The addition of Arlluk will enhance our professional IT Services capabilities within KGS and demonstrates our commitment to support the technical advancements needed to support Government agency missions.” Koniag Government Services provides oversight, management and shared services to the companies that comprise the Koniag Government Services sector, including Eagle Harbor Solutions. Koniag Government Services (KGS) companies have supported Federal, State and Local customers for more than 20 years. Professional services include Application Development, Healthcare IT, Telecommunications, Network Management, Enterprise Infrastructure Support, Cyber Security, Physical Security, Cultural Resource Services, Program Management and Management Consulting. KGS supports clients in more than a dozen locations across the United State as well as in more than 30 worldwide sites. We have built a reputation for consistent performance and forging long term partnerships with our clients. For more information, please visit http://www.koniaggss.com.


LONDON, UK / ACCESSWIRE / February 17, 2017 / Active Wall St. blog coverage looks at the headline from Ballard Power Systems Inc. (NASDAQ: BLDP) as the Company on February 16, 2017, that it has entered into a definitive agreement with Broad-Ocean Motor Co., Ltd, regarding technology transfer, licensing and supply arrangements. Under terms of the deal, Broad-Ocean will manufacture fuel cell modules in three strategic regions in China, including Shanghai. The deal is concerns the assembly and sale of FCvelocity® 30-kilowatt (kW) and 85kW fuel cell engines in China. The deal will be executed with an estimated value of approximately $25 million in revenue to Ballard over the initial five-year term, which includes $12 million in Technology Solutions Revenue. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/. One of Ballard Power Systems' competitors within the Industrial Electrical Equipment space, A. O. Smith Corp. (NYSE: AOS), reported on February 02, 2017, its Q4 2016 financial results. AWS will be initiating a research report on A. O. Smith in the coming days. Today, AWS is promoting its blog coverage on BLDP touching on AOS. Get all of our free blog coverage and more by clicking on the link below: Ballard views this agreement as an opportunity to bank on the large-scale urbanization and ever increasing demand for effective mass transportation which is yet again, environmentally viable. This partnership with Broad-Ocean is viewed as the central piece of China strategy where the Company plans to establish a comprehensive local fuel cell supply chain and build related ecosystems. Broad-Ocean plans to engage with local governments as well as bus and commercial vehicles OEMs across each of the three assembly operation locations. The payments concerning the agreement will be made to Ballard at closing and as per certain commissioning milestones, initial supply agreements, and recurring royalty payments. Each fuel-cell engine manufactured by Broad-Ocean will use FCvelocity-9SSL fuel cell stacks. These fuel stacks came into light when Ballard inked a landmark deal for local production of fuel cell stacks in China. The agreement had a contemplated minimum value to Ballard of about $168 million over 5 years. Under terms of the agreement, Ballard and Guangdong Nation Synergy Hydrogen Power Technology Co. Ltd, would establish a Fcvelocity-9SSL fuel cell stack production operation in the City of Yunfu, in Guangdong Province. Prior to this agreement with Broad-Ocean, Ballard collaborated previously with Broad-Ocean to announce a $28.3 million equity investment in Ballard on July 26, 2016. The agreement was viewed as a step to integrate Ballard fuel cell modules with Broad-Ocean EV drive systems to deliver turnkey fuel cell engines to consumers. Additionally, the $28.3 million investment was a step to enhance market development activities and product development for hydrogen fuel cell vehicles, including the commercial ones. This agreement signed on February 16, 2017, can be figured as an extension to the growth prospects, the Companies have hit on. On January 24, 2017, Ballard landed on a deal with Zhuhai Yinlong Energy Group for 10 FCveloCity®-MD 30-kilowatt fuel cell engines. The Company plans to deliver the engine within the FY17 and integrate into Yinlong buses that will be deployed in Beijing. This agreement was anticipated as a unique growth opportunity into Chinese mass transportation market. Prior to the announcement, Ballard established on January 24, 2017, that it is the first fuel cell Company to power buses for more than 10 million cumulative kilometers of revenue service. The transaction is subject to customary closing conditions and is expected to close by the end of Q2 FY17. At the closing bell, on Thursday, February 16, 2017, Ballard Power Systems' stock climbed 4.06%, ending the trading session at $2.05. A total volume of 1.65 million shares were traded at the end of the day, which was higher than the 3-month average volume of 640.95 thousand shares. The Company's share price has gained 52.99% in the past twelve months and 24.24% on YTD basis. The stock currently has a market cap of $345.90 million. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. 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No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. LONDON, UK / ACCESSWIRE / February 17, 2017 / Active Wall St. blog coverage looks at the headline from Ballard Power Systems Inc. (NASDAQ: BLDP) as the Company on February 16, 2017, that it has entered into a definitive agreement with Broad-Ocean Motor Co., Ltd, regarding technology transfer, licensing and supply arrangements. Under terms of the deal, Broad-Ocean will manufacture fuel cell modules in three strategic regions in China, including Shanghai. The deal is concerns the assembly and sale of FCvelocity® 30-kilowatt (kW) and 85kW fuel cell engines in China. The deal will be executed with an estimated value of approximately $25 million in revenue to Ballard over the initial five-year term, which includes $12 million in Technology Solutions Revenue. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/. One of Ballard Power Systems' competitors within the Industrial Electrical Equipment space, A. O. Smith Corp. (NYSE: AOS), reported on February 02, 2017, its Q4 2016 financial results. AWS will be initiating a research report on A. O. Smith in the coming days. Today, AWS is promoting its blog coverage on BLDP touching on AOS. Get all of our free blog coverage and more by clicking on the link below: Ballard views this agreement as an opportunity to bank on the large-scale urbanization and ever increasing demand for effective mass transportation which is yet again, environmentally viable. This partnership with Broad-Ocean is viewed as the central piece of China strategy where the Company plans to establish a comprehensive local fuel cell supply chain and build related ecosystems. Broad-Ocean plans to engage with local governments as well as bus and commercial vehicles OEMs across each of the three assembly operation locations. The payments concerning the agreement will be made to Ballard at closing and as per certain commissioning milestones, initial supply agreements, and recurring royalty payments. Each fuel-cell engine manufactured by Broad-Ocean will use FCvelocity-9SSL fuel cell stacks. These fuel stacks came into light when Ballard inked a landmark deal for local production of fuel cell stacks in China. The agreement had a contemplated minimum value to Ballard of about $168 million over 5 years. Under terms of the agreement, Ballard and Guangdong Nation Synergy Hydrogen Power Technology Co. Ltd, would establish a Fcvelocity-9SSL fuel cell stack production operation in the City of Yunfu, in Guangdong Province. Prior to this agreement with Broad-Ocean, Ballard collaborated previously with Broad-Ocean to announce a $28.3 million equity investment in Ballard on July 26, 2016. The agreement was viewed as a step to integrate Ballard fuel cell modules with Broad-Ocean EV drive systems to deliver turnkey fuel cell engines to consumers. Additionally, the $28.3 million investment was a step to enhance market development activities and product development for hydrogen fuel cell vehicles, including the commercial ones. This agreement signed on February 16, 2017, can be figured as an extension to the growth prospects, the Companies have hit on. On January 24, 2017, Ballard landed on a deal with Zhuhai Yinlong Energy Group for 10 FCveloCity®-MD 30-kilowatt fuel cell engines. The Company plans to deliver the engine within the FY17 and integrate into Yinlong buses that will be deployed in Beijing. This agreement was anticipated as a unique growth opportunity into Chinese mass transportation market. Prior to the announcement, Ballard established on January 24, 2017, that it is the first fuel cell Company to power buses for more than 10 million cumulative kilometers of revenue service. The transaction is subject to customary closing conditions and is expected to close by the end of Q2 FY17. At the closing bell, on Thursday, February 16, 2017, Ballard Power Systems' stock climbed 4.06%, ending the trading session at $2.05. A total volume of 1.65 million shares were traded at the end of the day, which was higher than the 3-month average volume of 640.95 thousand shares. The Company's share price has gained 52.99% in the past twelve months and 24.24% on YTD basis. The stock currently has a market cap of $345.90 million. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. 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HighPoint Technology Solutions, a Gold level member of Oracle PartnerNetwork (OPN), today announced it has achieved Oracle Validated Integration of HighPoint Mobile with Oracle's PeopleSoft Campus Solutions 9.2.


News Article | February 21, 2017
Site: www.businesswire.com

PHOENIX--(BUSINESS WIRE)--Avnet (NYSE: AVT) today introduced a unique service to jumpstart partners’ abilities to create Internet of Things (IoT) solutions for their customers. Available to the channel only through Avnet’s Technology Solutions business, U.S. and Canada partners will now have access to relayr’s 5-4-3 Innovation Acceleration process. Partners can use this service to dramatically shorten their customers’ development time for IoT solutions, transforming an idea into a functioning IoT prototype in as little as five weeks. This service offering from Avnet and relayr helps partners manage and accelerate their customers’ digital transformation with end-to-end support in three focused stages: “relayr’s 5-4-3 Innovation Acceleration process addresses the greatest challenge many of our partners are facing – how to help customers initiate an IoT project,” said Colin Blair, vice president of data analytics and IoT solutions, Avnet Technology Solutions, Americas. “Our partners will be able to use this service to fast track IoT solutions – within one business quarter – that can easily be integrated with their customers’ existing technology environments. Working together, Avnet and relayr will give partners the foundation they need to help their customers create IoT solutions from simple experimentation to full-scale deployments.” The 5-4-3 Innovation Acceleration process is now available on the Avnet Cloud Marketplace. Partners will be able to feature the service on their own marketplaces, giving them the ability to bundle it with their own IP and services, and further tailor the solution to their customers’ unique needs and business environments. Additionally, partners can use this service in their own business environments if they are looking to expand into developing their own custom IP or solutions related to IoT. “Our new service accelerates the digital transformation process by providing all the key components for advancing complete IoT solutions. Avnet has the market know-how and experience to deliver those solutions with the value demanded by the channel,” said Rick Caylor, director of business development, North America, relayr. “As partners and customers transition from the prototypes developed through the service to mass rollout, they can rely on Avnet’s scale and technical expertise to help partners and their customers turn their IoT visions into a reality.” Avnet’s approach to IoT exemplifies how Avnet is helping partners excel through specialization while capitalizing on the high-growth, next-generation technologies that are redefining the future. In addition to IoT, partners can leverage Avnet’s in-depth expertise in complementary technology market segments, including the cloud, cognitive computing, the data center, data analytics, mobility, security and enterprise networking, and training and education. Solutions from relayr have been available through Avnet since 2016, and the cloud-based enterprise middleware platform from relayr allows communications from any service, any software, any platform and any sensor. To learn more about relayr’s 5-4-3 Innovation Acceleration process and how Avnet can help partners grow their IoT businesses, contact your Avnet representative or check out the Avnet Cloud Marketplace offerings from relayr. Click to tweet: @AvnetAdvantage and @relay_cloud empower partners to turn ideas into #IoT prototypes in 5 weeks. Stay up-to-date on Avnet Technology Solutions, North America, on Twitter: @AvnetAdvantage. Connect with Avnet Technology Solutions on LinkedIn: Avnet Technology Solutions. For more information on Avnet Technology Solutions, please visit ats.avnet.com. All brands and trade names are trademarks or registered trademarks, and are the properties of their respective owners. Avnet disclaims any proprietary interest in marks other than its own. From components to cloud and from design to disposal, Avnet (NYSE: AVT) accelerates the success of customers who build, sell and use technology globally by providing them with a comprehensive portfolio of innovative products, services and solutions. For more information, visit www.avnet.com.


News Article | February 16, 2017
Site: globenewswire.com

Jørgen Waaler, CEO StrongPoint ASA, har i dag solgt 60 000 aksjer til gjennomsnittlig kurs NOK 15,31. Ny beholdning er 1 000 000 aksjer, tilsvarende 2,25 prosent av totalt utestående aksjer. Pengene skal benyttes til et omfattende restaureringsarbeid av Waalers våningshus på Skøien Gård på Lunner. «Støtteordningene i landbruket er betydelig dårligere enn jeg hadde regnet med da jeg ble bonde,» uttaler Waaler. Aksjene er handlet over Oslo Børs. For ytterligere informasjon, vennligst kontakt: Anders Nilsen Finansdirektør StrongPoint ASA Mobil: +47 932 59 410 Om StrongPoint: StrongPoint's mission: Driving Retailers' productivity by providing innovative integrated Technology Solutions. StrongPoint har hovedkontor på Rælingen og har ca. 580 medarbeidere i Norge, Sverige, Baltikum, Frankrike, Tyskland, Belgia, Spania, Russland og Malaysia. Selskapet er notert på Oslo Børs. Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12

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