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Be There or Be Square: The Networked Grid 2010
Which smart grid players will be in Palm Springs next week? All of them.
We've put together an awesome program for The Networked Grid 2010 in Palm Springs next Tuesday and Wednesday: excellent keynote speakers, a huge number of great panelists, all the most relevant industry topics, a series of technical workshops and even a utility executive round table discussion that will be broadcast LIVE on our website next Tuesday at 11:00am PST. Stay tuned for details about that live broadcast on Monday, as well as a few other select sessions from the conference.
We've got several very interesting conferences we're planning for the second half of the year. Stay tuned to Greentech Media as we'll be announcing them very shortly.
Here's a rundown of the whole program for next week at The Networked Grid 2010 in Palm Springs:
ADVA Optical Networking signs agreement on investment from Juniper Networks
Management and Supervisory Boards of ADVA Optical Networking resolve on the issuance of 551,471 ordinary shares to Juniper Networks in exchange for a USD 3.0 million investment
ADVA AG Optical Networking and Juniper Networks, Inc. entered into an investment agreement today. Based on this agreement, the Management Board of ADVA Optical Networking resolved to issue 551,471 ordinary shares to Juniper Networks in exchange for a USD 3.0 million investment under exclusion of subscription rights of existing shareholders. Also today, the respective capital increase was approved by ADVA Optical Networkings Supervisory Board. With this transaction, the number of ordinary ADVA Optical Networking shares outstanding increases by 1.2% to 46,963,728. Juniper Networks is obliged to hold the shares issued to them for at least 18 months from the day the related capital increase will be registered with the commercial register of ADVA Optical Networking. This obligation is subject to certain conditions, in particular that ADVA Optical Networking will remain independent.
In addition, the companies will evaluate the potential for jointly marketing and selling next-generation Internet Protocol (IP)-based transport solutions to service providers to help reduce network complexity and costs.
“Juniper Networks is a great partner with global reach and presence at all tier one accounts,” said Brian Protiva, chief executive officer at ADVA Optical Networking. “Their products have earned a fantastic reputation in the service provider community for delivering leading-edge performance for IP networking. Our innovative Optical+Ethernet transport solutions and open software framework make for an ideal foundation for Juniper’s portfolio of switches and routers.”
“ADVA Optical Networking has been recognized for delivering high-quality, and cost-effective optical transport products to market and shares a similar vision for enabling customers to benefit from improved economics,” said Stefan Dyckerhoff, executive vice president and general manager of Infrastructure Products Group at Juniper Networks. “Our investment will strengthen the relationship between both companies.”
ADVA Optical Networking reports Q2 2010 financial results with revenues exceeding guidance
Q2 2010 revenues at EUR 68.6 million
Q2 2010 IFRS pro forma operating income of
EUR 1.9 million (2.8% of revenues)
Q3 2010 revenues expected to range
between EUR 75 million and EUR 80 million with
IFRS pro forma operating income between 2% and 6% of revenues
July 22, 2010.
ADVA Optical Networking announced Q2 2010 financial results for the quarter ended June 30, 2010, and prepared in accordance with International Financial Reporting Standards (IFRS).
Q2 2010 IFRS FINANCIAL RESULTS
Revenues in Q2 2010 at EUR 68.6 million were slightly above guidance of between EUR 63 million and EUR 68 million, up a significant 18.0% vs. Q2 2009 at EUR 58.2 million and up 8.6% vs. EUR 63.2 million reported in Q1 2010. IFRS pro forma operating income, excluding stock-based compensation and amortization & impairment of goodwill & acquisition-related intangible assets, amounted to EUR 1.9 million or 2.8% of revenues in Q2 2010, within guidance of between 1% and 5% of revenues. This compares to EUR 1.1 million or 1.9% of revenues in Q2 2009 and EUR 2.7 million or 4.3% of revenues in Q1 2010. While the year-on-year rise of pro forma operating income is due to higher revenues and increased other operating income, the quarter-on-quarter reduction of pro forma operating income results from a lower pro forma gross margin, higher selling & marketing expenses and lower net capitalization of development expenses. The reduction of pro forma gross margin from 43.0% in Q1 2010 to 41.0% in Q2 2010 most notably is related to the weakening of the EUR against the USD and the transition of ADVA Optical Networking’s well-established FSP 500 platform to the next-generation FSP 150 platform.
The IFRS operating income rose to EUR 1.0 million in Q2 2010, after EUR 0.2 million in Q2 2009. The key driver for this improvement is the above-mentioned increase of pro forma operating income.
The IFRS net income amounted to EUR 0.6 million in Q2 2010, up from EUR 0.5 million in Q2 2009. Beyond the improvement of the operating income, net foreign currency exchange gains of EUR 0.7 million in Q2 2010 after EUR 0.1 million in Q2 2009 drove the rise in net income. These effects were subdued by income tax expenses of EUR 0.8 million in Q2 2010 after an income tax benefit of EUR 0.4 million in Q2 2009. Basic and diluted IFRS net earnings per share were EUR 0.01 each, unchanged from Q2 2009.
“We are very pleased with our Q2 2010 revenues of EUR 68.6 million, which exceed guidance and are up strongly, 8.6% vs. the previous quarter and 18.0% vs. Q2 2009. This development is driven by higher sales in carrier infrastructure equipment and also by a year-on-year pick-up of our Ethernet access business. Q2 2010 pro forma gross margin at 41.0% of revenues came in below the 43.0% seen in the previous quarter. This reduction is due to the weakening of the EUR against the USD, the transition of our well-established FSP 500 platform to the next-generation FSP 150 platform and elevated costs driven by investments in new growth opportunities. However, the impact of the changes in foreign currency exchange rates to our pro forma gross profitability was compensated by net gains from foreign currency hedging recorded below the operating-income line. Also, we are confident that our pro forma gross margin will strengthen in the coming periods, driven by further product cost improvements, cost-effective platform redesign activities and product innovation. Given the Q2 2010 investments in selling & marketing in order to facilitate additional profitable growth in H2 2010, our pro forma operating income came in at a fair 2.8% of revenues,” commented Jaswir Singh, chief financial officer & chief operating officer of ADVA Optical Networking.
CONFERENCE CALL
In conjunction with the release of its Q2 2010 IFRS financial results on July 22, 2010, ADVA Optical Networking will host a conference call for analysts and investors at 3:00 p.m. CEST / 9:00 a.m. EDT. Participating in the call will be ADVA Optical Networking's chief executive officer, Brian Protiva and chief financial officer & chief operating officer, Jaswir Singh. Interested parties may dial in at +49 69 4035 9611 or +1 866 306 3455, and download the corresponding presentation from ADVA Optical Networking's website, located on the “financial results” page under “conference calls” in the investor relations section of ADVA Optical Networking’s website at www.advaoptical.com.
Q3 2010 OUTLOOK
ADVA Optical Networking has the potential to continue to significantly grow revenues and aggressively drive cost efficiencies in its product platforms in a macro-economic environment that is still volatile but slightly improving. The Company expects Q3 2010 revenues of between EUR 75 million and EUR 80 million. Further, ADVA Optical Networking anticipates Q3 2010 pro forma operating income to range between 2% and 6% of revenues. ADVA Optical Networking notes that it will continue to perform detailed quarterly reviews of the expected business development with respect to all intangible assets, including capitalized research and development expenses. These reviews may result in non-cash impairment charges in Q3 2010 and beyond. The pro forma operating income guidance provided above excludes any such potential impairment charges. ADVA Optical Networking will publish its Q3 2010 financial results on October 21, 2010.
“ADVA Optical Networking’s revenues developed well in Q2 2010, due to incremental carrier infrastructure business in the Americas. While this clearly increases the robustness of our business mix, our growth in H2 2010 will very likely be driven by additional enterprise and Ethernet access business, resulting in a corresponding pick-up in profitability. Our Q2 2010 book-to-bill ratio is very strong, with significant order back-log for our industry-leading and highly innovative low-latency optical transport solution for the financial services industry. Additionally, the massive increase in mobile backhauling traffic driven by 3G and 4G mobile phones will have a major positive impact on our Ethernet access business. We create value for our customers - this will continue to translate into profitable growth,” stated Brian Protiva, chief executive officer of ADVA Optical Networking.
SIX-MONTH IFRS CONSOLIDATED INCOME STATEMENT
|
(in thousands of EUR, except earnings per share) |
Q1 2010 |
Q1 2009 |
|
|
|
|
|
Revenues |
63,162 |
56,941 |
|
Pro forma cost of goods sold |
-35,974 |
-32,378 |
|
Pro forma gross profit |
27,188 |
24,563 |
|
Pro forma selling and marketing expenses |
-9,473 |
-9,159 |
|
Pro forma general and administrative expenses |
-5,532 |
-5,902 |
|
Pro forma research and development expenses |
-11,860 |
-10,860 |
|
Income from capitalization of development expenses,
net of amortization for capitalized development projects |
1,429 |
1,177 |
|
Other operating income (expenses), net |
949 |
101 |
|
Pro forma operating income |
2,701 |
-80 |
|
Amortization of intangible assets from acquisitions |
-411 |
-632 |
|
Stock compensation expenses |
-380 |
-296 |
|
Operating income (loss) |
1,910 |
-1,008 |
|
Interest expense, net |
-327 |
-293 |
|
Other income, net |
1,134 |
518 |
|
Income (loss) before tax |
2,717 |
-783 |
|
Income tax benefit (expense), net |
-347 |
235 |
|
Net income (loss) |
2,370 |
-548 |
|
|
|
|
|
Earnings per share in EUR |
|
|
|
basic |
0.05 |
-0.01 |
|
diluted |
0.05 |
-0.01 |
INUBIT AG achieves a 20 percent increase in revenue in 2009
inubit generates 35 percent sales growth
inubit confirms growth even in the crisis year
Berlin, 16. March 2010 inubit AG, the leading provider of Business Process Management (BPM) software, has managed to finish the past fiscal year successfully despite the tense global economic situation. Sales figures were up 20 percent on the total revenue of the previous year. The overall result improved by 40 percent in 2009.
This growth was achieved by increasing existing customer business, winning many new customers and expanding the portfolio of products and services. New customers included RWE, EBL, Olympus Winter & Ibe, the state of Mecklenburg-Western Pomerania, Continentale, HanseMerkur, Salzburg AG and Adidas.
In addition to the standard licensing business of the inubit BPM-Suite, inubit significantly increased sales in the industry-focused solution business and in the area of project implementation. With its consistent focus on the individual requirements of different industries, the company is on the right track, as confirmed by winning the Process Solution Award 2009: The Gesellschaft für Organisation (gfo e.V.) awarded inubit AG the prize for its project to automate the creation and maintenance of master data at Edeka Minden-Hannover. Last year, additional staff were also hired for the professional services team. This team assists customers with the successful implementation of projects, in particular for very complex applications, and provides technical and industry-focused consulting services. inubit’s Business Process Outsourcing service represents another aspect of holistic process management, and demand for this also increased over the last year.
“BPM is more than just pure technology”, is how Dr. Torsten Schmale, CEO of inubit AG, summarizes the notable market trend towards holistic process management. “Our experience shows that companies are not able to make the most of the immense potential of BPM by simply installing BPM software. We have therefore bundled our expertise into a methodologically-founded procedure that helps companies successfully coordinate all organization units and persons as well as the different application systems involved in a BPM initiative.”
The inubit partner network also continued its positive development. More than 50 active partners in Germany, Austria, and Switzerland have contributed to the success of the company by winning new customers and implementing projects reliably. “With the recently introduced inubit Certified Professional certification, which many of our partners have taken up, we can be sure that projects that are implemented by partners are successful and meet our high quality requirements”, states Michael Hahn, COO of inubit AG. Fiscal year 2009 also yielded initial successes for inubit in countries outside of the Germany, Austria, and Switzerland. Local partnerships in the UK, Belgium, the Netherlands, Luxembourg, Singapore, China and the Middle East will drive growth for inubit in the future.
INHECO: Incubator DWP
The INHECO Incubator DWP is an automated and compact incubating position for one standard SBS Deep Well Plate. The Incubator DWP can be used as a stand-alone device, or stacked to form a tower of up to 6 units. Even stacking of different devices of the INHECO Incubator family in one tower is possible, the devices in the tower can be controlled through the master-slave principle.
Precise temperature control, USB interface, plate loading sensors and several self test routines guarantee a safe, precise and fast processing of samples. Software and verification tools are available to form a complete thermal solution for all kind of incubation applications. The unit is a plug-and-play high performance device with CE and UL certification.
Fields of Application
It is mainly used on robotic platforms and systems in LabAutomation to form a self-contained temperature controlled area for one Deep Well Plate. The automated drawer system offers direct and easy access by robotic grippers for loading and unloading and even direct access with pipetting heads. The lid is turning 90° after opening the drawer to enable easy portrait and landscape gripping.
The INHECO Incubator DWP is designed for the use in fundamental research, drug discovery, clinical research and diagnostics in the Life Science market. The Incubator MP is tested for the operation with an increasing number of established LabAutomation systems, please contact us for more information.
AMS: Nanometer Technologies - Distribution Agreement
Martinsried, 08-19-2009 - AMS Technologies AG, pan European distributor of high-tech systems and components based in Germany, and Nanometer Technologies, based in California, have entered into a distribution agreement. The agreement entitles AMS Technologies to market and sell Nanometer Technologies’ products throughout Europe with the only exception of the United Kingdom and Ireland.
The product range of Nanometer Technologies includes complete automated fiber inspection stations (AFiS), mass connector polishers, field polishers, ferrule protrusion measurement devices and fiberoptic remote connector inspection tools.
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