Companies news of 2016-05-17 (page 1)

  • OnDeck Announces Closing of $250 Million Securitization
  • Western Digital Sets Date For Conference Call/Webcast
  • The Road to Full Autonomous Driving: Mobileye and STMicroelectronics to Develop EyeQ(R)5...
  • GoDaddy Acquires FreedomVoice To Accelerate The Delivery Of Communications Services To...
  • Workiva Announces More Than 60 Sessions for Annual User ConferenceTopics Include...
  • Netlist Reports First Quarter 2016 Results
  • Orbotech Launches Precise(TM) 800, a Groundbreaking Automated Optical Shaping (AOS)...
  • Y&R Wins Webby Award For McWhopperWins 3 People's Voice Awards
  • China Digital TV Announces Unaudited First Quarter 2016 Results
  • AT&T Invests Nearly $120 Million Over a 3-Year Period to Enhance Local Networks in Tampa...
  • SS&C Technologies to Present at Needham Emerging Technology Conference
  • Marketo to Present at the J.P. Morgan Global Technology, Media and Telecom Conference
  • Edgar(R) Award-winning and Top-Rated Streaming Service Acorn TV Features U.S. Premieres of...
  • Xilinx announces Investor & Analyst meeting
  • NetSuite Makes Bold Happen At SuiteWorld 2016Cloud ERP Leader's Accelerated Product...
  • David R. Shedd Joins Intergraph Government Solutions Board of DirectorsShedd brings over...
  • Vipshop Reports Unaudited First Quarter 2016 Financial Results1Q16 Total Net Revenue up...
  • Four MobileIron Executives Recognized as CRN's 2016 Women of the ChannelBarb Huelskamp,...
  • LyondellBasell to Address the Bernstein 32nd Annual Strategic Decisions Conference
  • Synopsys Completes Acquisition of Simpleware
  • ClearOne Announces Record Date for 2016 Second Quarter Dividend
  • ViaSat to Present at the 3rd Annual MoffettNathanson Media & Communications Summit
  • Gov. John Bel Edwards, state leaders join CGI for IT center ribbon cutting in Lafayette,...
  • NetSuite Optimizes Omnichannel Fulfillment with Intelligent Order ManagementNetSuite...
  • Aspect Software Implements NetSuite OneWorld For Transformative GrowthLeading Enterprise...
  • Lockheed Martin and Indra Demonstrate Next Generation Radar for Spanish NavyNew solid...
  • Porter Novelli And AIM Sports Reputation Management Launch Cybersecurity Offering For...
  • Loton, Corp's LiveXLive Subsidiary Launches New HD Multi-Channel Digital Network in...
  • IBM Enables Brands to Deliver the Next Wave of Consumer ExperiencesContinued Portfolio...



    OnDeck Announces Closing of $250 Million Securitization

    NEW YORK, May 17, 2016 /PRNewswire/ -- OnDeck(R) , the leader in online lending for small business, announced today the closing of $250 million initial principal amount of Series 2016-1 Fixed Rate Asset-Backed Notes (the "Notes") in a private asset-backed securitization transaction. The Notes were issued in two classes consisting of $211.5 million initial principal amount of Class A Notes and $38.5 million initial principal amount of Class B Notes. The Notes were priced with an annual yield to expected maturity of 4.250% for the Class A Notes and 7.754% for the Class B Notes. The Notes were rated at the closing by both Standard & Poor's Ratings Services and DBRS, Inc. The Notes have a final legal maturity of May 2020.

    https://photos.prnewswire.com/prnvar/20150812/257781LOGO

    The Notes were issued by OnDeck Asset Securitization Trust II LLC (the "Issuer"), a wholly-owned subsidiary of OnDeck. The Notes are secured by and payable from a revolving pool of OnDeck small business loans. The Issuer is the sole obligor of the Notes; the Notes are not obligations of or guaranteed by OnDeck or any of its other subsidiaries. OnDeck is acting as the servicer of the loans securing the Notes.

    The net proceeds from the Notes offering were used by the Issuer primarily to purchase a revolving pool of small business loans from OnDeck. OnDeck used the purchase price it received from the sale of those loans to repay the debt that had been previously secured by those loans, including all $175 million aggregate principal amount of the Series 2014-1 Notes, Class A and Class B, due 2018 (collectively, the "Old Notes"), which were optionally prepaid in full. The Old Notes had been issued by one of OnDeck's other wholly-owned subsidiaries in a prior securitization transaction. OnDeck also used the purchase price it received to reduce outstanding debt under one of its asset-backed revolving debt facilities and for general corporate purposes.

    The Notes were not and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from, or a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes were offered only to qualified institutional buyers under Rule 144A and to persons outside the United States pursuant to Regulation S under the Securities Act.

    This press release is not an offer to sell, nor 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 the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

    About OnDeck

    OnDeck is the leader in online small business lending. Since 2007, the company has powered Main Street's growth through advanced lending technology and a constant dedication to customer service. OnDeck's proprietary credit scoring system - the OnDeck Score(R) - leverages advanced analytics, enabling OnDeck to make real-time lending decisions and deliver capital to small businesses in as little as 24 hours. OnDeck offers business owners a complete financing solution, including the online lending industry's widest range of term loans and lines of credit. To date, the Company has deployed over $4 billion to more than 50,000 customers in 700 different industries across the United States, Canada and Australia. OnDeck has an A+ rating with the Better Business Bureau and operates the educational small business financing website www.businessloans.com. For more information, please visit www.ondeck.com.

    About Credit Ratings

    Credit ratings are opinions of the relevant rating agency. They are not facts and are not opinions of OnDeck. They are not recommendations to purchase, sell or hold any securities and can be changed or withdrawn at any time.

    Investor Contact:
    Kathryn Harmon Miller
    646.558.7860
    kmiller@ondeck.com

    Media Contact:
    Miranda Eifler
    917.677.7112
    meifler@ondeck.com

    Logo- http://photos.prnewswire.com/prnh/20150812/257781LOGO

    OnDeck, the OnDeck logo, OnDeck Score and OnDeck Marketplace are trademarks of OnDeck.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ondeck-announces-closing-of-250-million-securitization-300270382.html

    Photo: https://photos.prnewswire.com/prnh/20150812/257781LOGO OnDeck



    Western Digital Sets Date For Conference Call/Webcast

    IRVINE, Calif., May 17, 2016 /PRNewswire/ -- As indicated on its April 28, 2016 investment community conference call, Western Digital((R)) Corp. will provide an update to its guidance for the fourth fiscal quarter ending July 1, 2016, to reflect the partial period of ownership of SanDisk Corp. in the quarter. Western Digital acquired SanDisk on May 12, 2016.

    The company plans to issue its updated fourth fiscal quarter guidance after the market closes on May 26, 2016, and will host an investment community conference call to discuss the updated guidance on the same day.

    The investment community conference call to discuss the updated guidance will be broadcast live over the Internet on Thursday, May 26, at 2 p.m. Pacific/5 p.m. Eastern. The live and archived conference call/webcast can be accessed online at investor.wdc.com. The telephone replay numbers are 1 (855) 859-2056 in the U.S./Canada or dial + 1 (404) 537-3406 for international callers. The required passcode for the replay is 16177589.

    About Western Digital

    Western Digital Corporation is an industry-leading provider of storage technologies and solutions that enable people to create, leverage, experience and preserve data. The company addresses ever-changing market needs by providing a full portfolio of compelling, high-quality storage solutions with customer-focused innovation, high efficiency, flexibility and speed. Our products are marketed under the HGST, SanDisk and WD brands to OEMs, distributors, resellers, cloud infrastructure providers and consumers. Financial and investor information is available on the company's Investor Relations website at investor.wdc.com.

    Western Digital, WD and the WD logo are registered trademarks in the U.S. and other countries. HGST trademarks are intended and authorized for use only in countries and jurisdictions in which HGST has obtained the rights to use, market and advertise the brand.

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/western-digital-sets-date-for-conference-callwebcast-300270345.html

    Photo: http://photos.prnewswire.com/prnh/20000711/WDCLOGO Western Digital Corp.

    CONTACT: Bob Blair, Western Digital Investor Relations, 949.672.7834,
    robert.blair@wdc.com, or Steve Shattuck, Western Digital Public Relations,
    949.672.7817, steve.shattuck@wdc.com

    Web site: http://www.wd.com/




    The Road to Full Autonomous Driving: Mobileye and STMicroelectronics to Develop EyeQ(R)5 System-on-Chip, Targeting Sensor Fusion Central Computer for Autonomous Vehicles5th-generation System-on-Chip, scheduled to sample in H1 2018, builds on long-standing cooperation between Mobileye and ST and market success of EyeQ technology, available now or in the near future on vehicles from 25 car manufacturers

    JERUSALEM and GENEVA, May 17, 2016 /PRNewswire/ -- Mobileye and STMicroelectronics today announced that the two companies are co-developing the next (5(th)) generation of Mobileye's SoC, the EyeQ(R)5, to act as the central computer performing sensor fusion for Fully Autonomous Driving (FAD) vehicles starting in 2020.

    To meet power consumption and performance targets, the EyeQ5 will be designed in advanced 10nm or below FinFET technology node and will feature eight multithreaded CPU cores coupled with eighteen cores of Mobileye's next-generation, innovative, and well-proven vision processors. Taken together, these enhancements will increase performance 8x times over the current 4(th) generation EyeQ4. The EyeQ5 will produce more than 12 Tera operations per second, while keeping power consumption below 5W, to maintain passive cooling at extraordinary performance. Engineering samples of EyeQ5 are expected to be available by first half of 2018.

    The EyeQ5 continues Mobileye's long-standing cooperation with STMicroelectronics. Leveraging its substantial experience in automotive-grade designs, ST will support state-of-the-art physical implementation, specific memory and high-speed interfaces, and system-in-package design to ensure the EyeQ5 meets the full qualification process aligned with the highest automotive standards. ST will also contribute to the overall safety- and security-related architecture of the product.

    "EyeQ5 is designed to serve as the central processor for future fully-autonomous driving for both the sheer computing density which can handle around 20 high-resolution sensors and for increased functional safety," said Prof. Amnon Shashua, cofounder, CTO and Chairman of Mobileye. "The EyeQ5 continues the legacy Mobileye began in 2004 with EyeQ1, in which we leveraged our deep understanding of computer vision processing to develop highly optimized architectures to support extremely intensive computations at power levels below 5W to allow passive cooling in an automotive environment."

    "Each generation of the EyeQ technology has proven its value to drivers and ST has proven its value to Mobileye as a manufacturing, design, and R&D partner since beginning our cooperation on the EyeQ1," said Marco Monti, Executive Vice President and General Manager Automotive and Discrete Group, STMicroelectronics. "With our joint commitment to the 5(th)-generation of the industry's leading Advanced Driver Assistance System (ADAS) technology, ST will continue to provide a safer, more convenient smart driving experience."

    Technical Details
    EyeQ5's proprietary accelerator cores are optimized for a wide variety of computer-vision, signal-processing, and machine-learning tasks, including deep neural networks. EyeQ5 features heterogeneous, fully programmable accelerators, with each of the four accelerator types in the chip optimized for its own family of algorithms. This diversity of accelerator architectures enables applications to save both computational time and energy by using the most suitable core for every task. This optimized assignment ensures the EyeQ5 provides "super-computer" capabilities within a low-power envelope to enable price-efficient passive cooling. Mobileye's investment in several programmable domain-specific accelerator families is enabled by its focus on the ADAS and autonomous- driving markets.

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    Photo - http://photos.prnewswire.com/prnh/20160516/368139-INFO

    Autonomous driving requires an unprecedented level of focus on functional safety. EyeQ5 is designed for systems that meet the highest grade of safety in automotive applications (ASIL B(D), according to the ISO 26262 standard).

    Mobileye has built the EyeQ5's security defenses based on the integrated Hardware Security Module. This enables system integrators to support over-the-air software updates, secure in-vehicle communication, etc. The root of trust is created based on a secure boot from an encrypted storage device.

    EyeQ5 will be delivered to carmakers and Tier1s along with a full suite of hardware accelerated algorithms and applications that are required for autonomous driving. Along with this, Mobileye will support an automotive-grade standard operating system and provide a complete software development kit (SDK) to allow customers to differentiate their solutions by deploying their algorithms on EyeQ5. The SDK may also be used for prototyping and deployment of Neural Networks, and for access to Mobileye pre-trained network layers. Uses of EyeQ5 as an Open Software Platform are facilitated by such architectural elements as hardware virtualization and full cache coherency between CPUs and accelerators.

    Autonomous driving requires fusion processing of dozens of sensors, including high-resolution cameras, radars, and LiDARs. The sensor-fusion process has to simultaneously grab and process all the sensors' data. For this purpose, the EyeQ5's dedicated IOs support at least 40Gbps data bandwidth.

    EyeQ5 implements two PCIe Gen4 ports for inter-processor communication, which could enable system expansion with multiple EyeQ5 devices or for connectivity with an application processor.

    High computational and data bandwidth requirements are supported with four 32-bit LPDDR4 channels, operating at 4267MT/s.

    Availability

    Engineering samples of EyeQ5 are expected to be available by first half of 2018. First development hardware with the full suite of applications and SDK are expected by the second half of 2018.

    About Mobileye

    Mobileye N.V. is the global leader in the development of computer vision and machine learning, data analysis, localization and mapping for Advanced Driver Assistance Systems and autonomous driving. Our technology keeps passengers safer on the roads, reduces the risks of traffic accidents, saves lives and has the potential to revolutionize the driving experience by enabling autonomous driving. Our proprietary software algorithms and EyeQ(R) chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. Mobileye's products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items; identify and read traffic signs, directional signs and traffic lights; create a Roadbook(TM) of localized drivable paths and visual landmarks using REM(TM); and provide mapping for autonomous driving. Our products are or will be integrated into car models from 25 global automakers. Our products are also available in the aftermarket. Further information about Mobileye can be found at: http://www.mobileye.com/

    About STMicroelectronics

    ST is a global semiconductor leader delivering intelligent and energy-efficient products and solutions that power the electronics at the heart of everyday life. ST's products are found everywhere today, and together with our customers, we are enabling smarter driving and smarter factories, cities and homes, along with the next generation of mobile and Internet of Things devices. By getting more from technology to get more from life, ST stands for life.augmented.

    In 2015, the Company's net revenues were $6.90 billion, serving more than 100,000 customers worldwide. Further information can be found at www.st.com.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. Words such as "believes," "intends," "expects," "projects," "anticipates," and "future" or similar expressions are intended to identify forward-looking statements. These statements are only predictions based on each of STMicroelectronics' and Mobileye's current expectations and projections about future events. You should not place undue reliance on these statements. Many factors may cause actual results to differ materially from any forward-looking statement, including the risk factors and other matters set forth in STMicroelectronics' and Mobileye's respective filings with the U.S. Securities and Exchange Commission. Neither Mobileye nor STMicroelectronics undertakes any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by law.

    For more information, contact:

    Mobileye
    Dan Galves
    CCO / SVP
    dan.galves@mobileye.com

    STMicroelectronics
    Michael Markowitz
    +1 781 591 0354
    michael.markowitz@st.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-road-to-full-autonomous-driving-mobileye-and-stmicroelectronics-to-develop-eyeq5-system-on-chip-targeting-sensor-fusion-central-computer-for-autonomous-vehicles-300270137.html

    Photo: https://photos.prnewswire.com/prnh/20160516/368139-INFO Mobileye

    Web site: http://www.mobileye.com/




    GoDaddy Acquires FreedomVoice To Accelerate The Delivery Of Communications Services To Small Businesses

    SCOTTSDALE, Ariz., May 17, 2016 /PRNewswire/ -- GoDaddy Inc. , the world's largest technology provider dedicated to small businesses, today announced it has entered into an agreement to purchase FreedomVoice for $42 million in cash plus up to $5 million in potential future milestones payments. The addition of FreedomVoice's team and its cloud-based communications products furthers GoDaddy's commitment to helping small businesses succeed.

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    There are over 210 million small businesses globally and the vast majority rely on mobile or desktop phones to communicate with their customers. With this acquisition, GoDaddy now provides another essential service for small businesses and organizations to create and maintain their digital identity - adding voice services to naming, presence and productivity.

    FreedomVoice offers a product suite that delivers intuitive and affordable communications specifically for small businesses. Products include a custom cloud number (local, toll-free, vanity) that automatically routes business-related calls to a user's mobile phone, and a cloud-based phone system that delivers enterprise-quality voice over IP for small offices. Like GoDaddy, FreedomVoice further differentiates itself by providing customized customer care from knowledgeable experts who take pride in solving problems.

    "GoDaddy has 14 million customers and many of them have struggled to find affordable and simple telephony solutions," said Steven Aldrich, Chief Product Officer, GoDaddy. "FreedomVoice is a natural fit with GoDaddy as we both share a common goal: to harness the power of the cloud to deliver products that fit the specific needs of small businesses, coupled with customized, empathetic customer care."

    "At FreedomVoice our mission has always been to help companies start, run and grow, and we're ecstatic to join GoDaddy who is just as passionate about helping small businesses succeed," said FreedomVoice CEO Eric Thomas. "There is great synergy between our companies and our team can't wait to get started on delivering the next generation of voice to small businesses around the world."

    Mr. Thomas will become Telephony Revenue and Integration Officer at GoDaddy.

    GoDaddy recently created a new Telephony business unit to oversee the Company's communication products strategy and execution, including products related to FreedomVoice. The business unit will be led by Intuit and small business veteran Barry Saik, who recently joined GoDaddy as General Manager and Senior Vice President, Telephony.

    FreedomVoice products will continue to be available online and through partners. GoDaddy and FreedomVoice plan to deliver new cloud-based voice products in the near future.

    FreedomVoice will continue to maintain offices in Encinitas, California.

    About GoDaddy
    GoDaddy's mission is to radically shift the global economy toward small businesses by empowering people to easily start, confidently grow and successfully run their own ventures. With 14 million customers worldwide and 62 million domain names under management, GoDaddy gives small business owners the tools to name their idea, build a beautiful online presence, attract customers and manage their business. To learn more about the company, visit www.GoDaddy.com.

    (C) 2016 GoDaddy Inc. All Rights Reserved.

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/godaddy-acquires-freedomvoice-to-accelerate-the-delivery-of-communications-services-to-small-businesses-300270256.html

    Photo: http://photos.prnewswire.com/prnh/20150330/195302LOGO GoDaddy Inc.

    CONTACT: Dan Race, 480.505.8800, drace@godaddy.com

    Web site: http://www.GoDaddy.com/




    Workiva Announces More Than 60 Sessions for Annual User ConferenceTopics Include Sarbanes-Oxley Compliance, Internal Controls, Audit, Finance, Risk Mitigation, Data Quality and Business Productivity

    AMES, Iowa, May 17, 2016 /PRNewswire/ -- Workiva , creator of the Wdesk cloud-based productivity platform for enterprises, today announced that more than 60 different sessions will be offered at its fifth annual user conference, The Exchange Community, to be held September 7-9, 2016 at the Manchester Grand Hyatt in San Diego, California.

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    "The Exchange Community helps our customers discover more ways to work with Wdesk," said Matt Rizai, Chairman and CEO of Workiva. "Our conference also gives our customers an opportunity to share how they use Wdesk to control, monitor and understand their business data with a single, trusted source."

    The Exchange Community will include:

    --  Sessions on U.S. Securities and Exchange Commission (SEC) compliance and
    Wdesk Support Binders.
    --  Sessions with Wdesk Evidence Management, tasking and certifications to
    improve Sarbanes-Oxley Act (SOX) reporting.
    --  Data collection and disclosure management sessions along with workshops
    on advanced Wdesk features to improve transparency in financial
    reporting.
    --  Sessions on eXtensible Business Reporting Language (XBRL) and recent
    developments in the US GAAP Taxonomy and the XBRL US Data Quality
    Committee.
    --  Risk management sessions on risk assessments, recovery and resolution
    plans (RRP), Comprehensive Capital Analysis and Review (CCAR) reports
    and Dodd-Frank Act Stress Test (DFAST) reports.
    --  Keynote speech by Amy Cuddy, Harvard Business School professor and
    social psychologist, on "Posing Power: How the Body Changes the Mind."
    --  Keynote speech by Carey Lohrenz, the first female F-14 Tomcat Fighter
    Pilot in the U.S. Navy, on "Lessons in Leadership."
    --  Customer panelists who will share Wdesk best practices and tips and
    tricks of the trade.
    

    About The Exchange Community
    The Workiva annual user conference, The Exchange Community, is open to Workiva customers and guests. Conference attendees can earn up to 15 CPE credits. Discounted registration is offered until July 1, 2016. To register or see list of sessions, visit tec.workiva.com.

    About Workiva
    Workiva created Wdesk, a cloud-based productivity platform for enterprises to collect, link, report and analyze business data with control and accountability. Thousands of organizations, including over 65 percent of the Fortune 500(R), use Wdesk. The platform's proprietary word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail. Wdesk helps mitigate enterprise risk, improve productivity and give users confidence to make decisions with real-time data. Workiva employs more than 1,200 people with offices in 16 cities. The company is headquartered in Ames, Iowa. For more information, visit workiva.com.

    Claim not confirmed by FORTUNE or Time Inc. FORTUNE 500 is a registered trademark of Time Inc. and is used under license. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of, Workiva Inc.

    Contact:
    Kevin McCarthy
    Workiva Inc.
    (515) 663-4471
    press@workiva.com

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/workiva-announces-more-than-60-sessions-for-annual-user-conference-300270429.html

    Photo: https://photos.prnewswire.com/prnh/20150213/175372LOGO Workiva Inc.

    Web site: http://www.workiva.com./




    Netlist Reports First Quarter 2016 Results

    IRVINE, Calif., May 17, 2016 /PRNewswire/ -- Netlist, Inc. , a leading provider of high performance memory solutions for the cloud computing and storage markets, today reported financial results for the first quarter ended April 2, 2016.

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    Revenues for the quarter ended April 2, 2016, were $4.6 million, up 118% from revenues of $2.1 million for the quarter ended March 28, 2015. Gross profit for the quarter ended April 2, 2016, was $3.5 million, or 75 % of revenues compared to a gross profit of $699,000, or 33% of revenues for the quarter ended March 28, 2015.

    Net loss for the quarter ended April 2, 2016, was ($1.4) million, or ($0.03) loss per share, compared to a net loss in the prior year period of ($6.5) million, or ($0.14) loss per share. These results include stock-based compensation expense of $0.5 million for the first quarters of both 2016 and 2015.

    "We are pleased to have delivered 118% year over year growth in revenues with gross margins of 75% during the first quarter. Our financial results for the quarter reflect the benefit of our joint development agreement with Samsung as we remain on pace to sample a first generation NVDIMM-P storage class memory product with select customers later this year," said C.K. Hong, Netlist's Chief Executive Officer. "During the quarter we also secured major victories for our portfolio of fundamental patents related to high performance and nonvolatile memory at DDR3 and DDR4. We remain focused on capturing license opportunities as well as leveraging our intellectual property assets to drive the adoption of our breakthrough products in the marketplace."

    As of April 2, 2016, cash and cash equivalents and restricted cash were $15.3 million, total assets were $19.9 million, working capital was $11.0 million, total debt, net of debt discounts, was $13.9 million, and stockholders' deficit was ($2.2) million.

    Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) loss is a non-GAAP measure in which the net interest expense, provision for income taxes, depreciation, amortization, stock-based compensation and net other income (expense) are added back to the GAAP basis net income (loss). The non-GAAP measures are described below and are reconciled to the corresponding GAAP measure in the condensed consolidated financial statements portion of this release under the heading "Unaudited Schedule Reconciling GAAP Net Loss to Non-GAAP EBITDA and Adjusted EBITDA." The adjusted EBITDA loss was ($0.8) million for the quarter ended April 2, 2016, compared to an adjusted EBITDA loss of ($5.3) million for the prior year period.

    Conference Call Information
    C.K. Hong, Chief Executive Officer, and Gail Sasaki, Chief Financial Officer, will host an investor conference call today, May 17, 2016 at 5:00 p.m. Eastern Time to review the company's results for the first quarter ended April 2, 2016. The dial-in number for the call is 1-412-317-5443. The live webcast and archived replay of the call can be accessed in the Investors section of Netlist's website at www.netlist.com.

    Note Regarding Use of Non-GAAP Financial Measures
    Certain of the information set forth herein, including EBITDA and adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization), may be considered non-GAAP financial measures. Netlist believes this information is useful to investors because it provides a basis for measuring Netlist's available capital resources, the operating performance of Netlist's business and Netlist's cash flow, excluding net interest expense, provisions for income taxes, depreciation, amortization, stock-based compensation and net other expense that would normally be included in the most directly comparable measures calculated and presented in accordance with Generally Accepted Accounting Principles ("GAAP"). Netlist's management uses these non-GAAP financial measures along with the most directly comparable GAAP financial measures in evaluating Netlist's operating performance, capital resources and cash flow. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP, and non-financial measures as reported by Netlist may not be comparable to similarly titled amounts reported by other companies.

    Adjusted EBITDA loss is a non-GAAP measure in which the net interest expense, provision for income taxes, depreciation and amortization, stock-based compensation and net other (income) expense are added back to the GAAP basis loss. The non-GAAP measures are described above and are reconciled to the corresponding GAAP measure in the condensed consolidated financial statements portion of this release under the heading "Unaudited Schedule Reconciling GAAP Net Loss to Non-GAAP EBITDA and Adjusted EBITDA."

    About Netlist, Inc.
    Netlist creates solutions that accelerate turning data into information. We produce next generation persistent memory solutions that enable businesses to transact quicker, gain insight faster, and reduce datacenter costs. Flagship products NVvault(R) and EXPRESSvault(TM) accelerate system performance and provide mission critical fault tolerance. HyperVault(R), Netlist's next-generation architecture, expands the performance and capacity of memory channel storage. The company holds a portfolio of patents, many seminal, in the area of hybrid memory, rank multiplication and load-reduction, among others. To learn more, visit www.netlist.com.

    Safe Harbor Statement:
    This news release contains forward-looking statements regarding future events and the future performance of Netlist. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances and is based on currently available market, operating, financial and competitive information and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expected or projected, including, among others, risks associated with the launch and commercial success of our products, programs and technologies; the success of product, joint development and licensing partnerships; continuing development, qualification and volume production of HyperVault(TM), EXPRESSvault(TM), NVvault(R), HyperCloud(R) and VLP Planar-X RDIMM; the timing and magnitude of the continued decrease in our sales; our ability to leverage our NVvault(R) and EXPRESSvault(TM) technology in a more diverse customer base; our need to raise additional capital and our ability to obtain financing when necessary; the rapidly-changing nature of technology; risks associated with intellectual property, including patent infringement litigation against us as well as the costs and unpredictability of litigation over infringement of our intellectual property and the possibility of our patents being reexamined or reviewed by the United States Patent and Trademark office and the Patent Trial and Appeal Board; volatility in the pricing of DRAM ICs and NAND flash; changes in and uncertainty of customer acceptance of, and demand for, our existing products and products under development, including uncertainty of and/or delays in product orders and product qualifications; delays in our and our customers' product releases and development; introductions of new products by competitors; changes in end-user demand for technology solutions; our ability to attract and retain skilled personnel; our reliance on suppliers of critical components and vendors in the supply chain; fluctuations in the market price of critical components; evolving industry standards; the political and regulatory environment in the People's Republic of China; and general economic and market conditions. Other risks and uncertainties are described in our annual report on Form 10-K filed on March 4, 2016, and subsequent filings with the U.S. Securities and Exchange Commission we make from time to time. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    (Tables Follow)

    For more information, please contact: Brainerd Communicators, Inc. Netlist, Inc. Mike Smargiassi or Jenny Perales Gail M. Sasaki NLST@braincomm.com Chief Financial Officer (212) 986-6667 (949) 435-0025

    Netlist, Inc. Condensed Consolidated Balance Sheets (in thousands) (unaudited) (audited) April 2, January 2, 2016 2016 ---- ---- ASSETS Current assets: Cash and cash equivalents $14,890 $19,684 Restricted cash 400 400 Accounts receivable, net 475 716 Inventories 1,603 1,658 Prepaid expenses and other current assets 1,968 1,739 ----- ----- Total current assets 19,336 24,197 Property and equipment, net 493 408 Other assets 78 61 Total assets $19,907 $24,666 ======= ======= LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable $3,246 $3,299 Accrued payroll and related liabilities 689 1,243 Accrued expenses and other current liabilities 336 340 Deferred revenue 3,429 6,857 Accrued engineering charges 500 500 Notes payable 181 13 --- Total current liabilities 8,381 12,252 Convertible promissory note, net of debt discount 13,753 13,699 Long-term warranty liability 22 49 --- --- Total liabilities 22,156 26,000 ------ ------ Commitments and contingencies Stockholders' deficit: Preferred stock - - Common stock 50 50 Additional paid-in capital 132,509 132,011 Accumulated deficit (134,808) (133,395) Total stockholders' deficit (2,249) (1,334) ------ ------ Total liabilities and stockholders' deficit $19,907 $24,666 ======= =======

    Netlist, Inc. and Subsidiaries Unaudited Condensed Consolidated Statements of Operations (in thousands, except per share amounts) Three Months Ended ------------------ April 2, March 28, 2016 2015 ---- ---- Net product sales $1,171 $2,114 Non-recurring engineering revenues 3,429 - ----- --- Total net revenues 4,600 2,114 Cost of sales(1) 1,149 1,415 ----- ----- Gross profit 3,451 699 ----- --- Operating expenses: Research and development(1) 1,646 1,384 Intellectual property legal fees 823 3,542 Selling, general and administrative(1) 2,265 1,759 ----- Total operating expenses 4,734 6,685 ----- ----- Operating loss (1,283) (5,986) ------ ------ Other expense, net: Interest expense, net (137) (480) Other income, net 8 9 --- Total other expense, net (129) (471) ---- ---- Loss before provision for income tax (1,412) (6,457) Provision for income taxes 1 1 Net loss $(1,413) $(6,458) ======= ======= Net loss per common share: Basic and diluted $(0.03) $(0.14) ====== ====== Weighted-average common shares outstanding: Basic and diluted 50,365 44,708 ====== ====== (1) Amounts include stock- based compensation expense as follows: Cost of sales $15 $14 Research and development 135 190 Selling, general and administrative 308 307

    Netlist, Inc. Unaudited Schedule Reconciling GAAP Net Loss to Non-GAAP EBITDA and Adjusted EBITDA (in thousands) Three Months Ended ------------------ April 2, March 28, 2016 2015 ---- ---- GAAP net loss $(1,413) $(6,458) Interest expense, net 137 480 Provision for income taxes 1 1 Depreciation and amortization 54 148 EBITDA (loss) (1,221) (5,829) Stock-based compensation 458 511 Other income, net (8) (9) Adjusted EBITDA (loss) $(771) $(5,327) ===== =======

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/netlist-reports-first-quarter-2016-results-300270292.html

    Photo: https://photos.prnewswire.com/prnh/20150225/177763LOGO Netlist, Inc.

    Web site: http://www.netlist.com/




    Orbotech Launches Precise(TM) 800, a Groundbreaking Automated Optical Shaping (AOS) Solution to Increase PCB YieldThe Precise(TM) 800 is a unique innovative implementation of digital additive manufacturing, enabling 3D Shaping of shorts and opens for Advanced HDI and Complex Multi-Layer PCBs

    YAVNE, Israel, May 17, 2016 /PRNewswire/ --

    ORBOTECH LTD. [http://www.orbotech.com ] , a leading provider of process innovation technologies, solutions and equipment serving the global electronics manufacturing industry, today launched the Precise(TM) 800 Automated Optical Shaping (AOS) System at CTEX 2016 in Suzhou, China. The Precise(TM) 800 is the first solution for advanced High Density Interconnect (HDI) and complex multi-layer PCB manufacturing that is capable of both removing (or ablating) excess copper ("shorts") and depositing missing copper ("opens"). This one-stop 3D shaping solution increases printed circuit boards (PCB) yield significantly by practically eliminating scrap, thus allowing PCB manufacturers to increase cost savings, lower their overall cost of ownership and achieve a faster return on their investment (ROI).

    "The Precise(TM) 800 is a unique innovative implementation of digital additive manufacturing and represents a complete breakthrough in electronics micro-manufacturing production processes. It is based on an additive technology that was developed by Orbotech over a number of years," said Arik Gordon, Corporate Vice President and President of Orbotech's PCB Division. "Our customers are under continual pressure to produce cost-sensitive, ever-smaller, functionality-rich devices in high volumes. The Precise(TM) 800 meets their requirements by providing high-quality, meticulous shaping of PCBs that might otherwise have been scrapped."

    The Precise(TM) 800's ability to automate the PCB shaping process swiftly and accurately is enabled by two new Orbotech proprietary technologies - 3D Shaping (3DS) Technology(TM) and Closed Loop Shaping (CLS) Technology(TM). 3DS(TM) is based on a series of processes, including 3D defect analysis, 3D laser shaping and 3D visualization. By comparing the shape of the defect to real-time computer-aided manufacturing (CAM) data and simultaneously conducting 3D analysis, 3DS(TM) automatically identifies where copper needs to be added. It then guides the system's laser to Orbotech's Precise Stick(TM), a high-quality metal carrier, for precise copper deposition. The results - which must meet strict manufacturing specifications for electrical characteristics, durability and visual properties - can be confirmed immediately with 3D visualization.

    CLS(TM) leverages specialized image analysis algorithms to make real-time comparisons between the actual image and the design data (CAM) in order to detect the precise location of the shorts and opens. It then intelligently guides the system's laser to ablate excess copper with high accuracy.

    The Precise(TM) 800 AOS System is now available to customers worldwide.

    About Orbotech Ltd.

    Orbotech Ltd. is a global innovator of enabling technologies used in the manufacture of the world's most sophisticated consumer and industrial products throughout the electronics and adjacent industries. The Company is a leading provider of yield enhancement and production solutions for electronics reading, writing and connecting, used by manufacturers of printed circuit boards, flat panel displays, advanced packaging, micro-electro-mechanical systems and other electronic components. Virtually every electronic device in the world is produced using Orbotech systems. For more information, visit http://www.orbotech.com.

    Cautionary Statement Regarding Forward-Looking Statements

    Except for historical information, the matters discussed in this press release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, future prospects, developments and business strategies and involve certain risks and uncertainties. The words "anticipate," "believe," "could," "will," "plan," "expect" and "would" and similar terms and phrases, including references to assumptions, have been used in this press release to identify forward-looking statements. These forward-looking statements are made based on management's expectations and beliefs concerning future events affecting Orbotech and are subject to uncertainties and factors relating to Orbotech's operations and business environment, all of which are difficult to predict and many of which are beyond the Company's control. Many factors could cause the actual results to differ materially from those projected including, without limitation, cyclicality in the industries in which the Company operates, the Company's production capacity, timing and occurrence of product acceptance (the Company defines 'bookings' and 'backlog' as purchase arrangements with customers that are based on mutually agreed terms, which, in some cases for bookings and backlog, may still be subject to completion of written documentation and may be changed or cancelled by the customer, often without penalty), fluctuations in product mix, worldwide economic conditions generally, especially in the industries in which the Company operates, the timing and strength of product and service offerings by the Company and its competitors, changes in business or pricing strategies, changes in the prevailing political and regulatory framework in which the relevant parties operate or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis, the level of consumer demand for sophisticated devices such as smartphones, tablets and other electronic devices as well as automobiles, the Company's global operations and its ability to comply with varying legal, regulatory, exchange, tax and customs regimes, the Company's ability to achieve strategic initiatives, including related to its acquisition strategy, the Company's debt and corporate financing activities; the final timing, outcome and impact of the criminal matter expected in mid- to-late 2016 and ongoing investigation in Korea, including any impact on existing or future business opportunities in Korea and elsewhere, any civil actions related to the Korean matter brought by third parties, including the Company's customers, which may result in monetary judgments or settlements, expenses associated with the Korean Matter, ongoing or increased hostilities in Israel and the surrounding areas, and other risks detailed in the Company's SEC reports, including the Company's Annual Report on Form 20-F for the year ended December 31, 2015, and subsequent SEC filings. The Company assumes no obligation to update the information in this press release to reflect new information, future events or otherwise, except as required by law.

    COMPANY CONTACTS: Anat Earon-Heilborn Director of Investor Relations Orbotech Ltd. Tel: +972-8-942-3582 Investor.relations@orbotech.com Tally Kaplan Porat Head of Corporate Marketing Orbotech Ltd. Tel: +972-8-942-3603 Tally-Ka@orbotech.com

    Orbotech Ltd.



    Y&R Wins Webby Award For McWhopperWins 3 People's Voice Awards

    NEW YORK, May 17, 2016 /PRNewswire/ -- Y&R's McWhopper campaign took home the top prize in the Corporate Social Responsibility category at last night's Webby Awards, and the agency also won three People's Voice awards.

    http://photos.prnewswire.com/prnvar/20160413/355059LOGO

    Y&R New Zealand's McWhopper campaign, fresh off winning the GRANDY at last month's ANDY Awards, was launched in late-August 2015 with a print ad in The New York Times and Chicago Tribune. It then went on to become one of the biggest viral ideas in the world, with nearly 8 billion media impressions, $144 million in earned media and a 40 percent increase in awareness of Peace Day, a United Nations recognized day celebrated on Sept. 21.

    In addition to the Webby award, Joao Rocha, a creative from Y&R Lisbon, was awarded the People's Voice award in the Weird Website category for his blog "2 Kinds of People," a comical blog he created that distills people's preferences for doing stuff into two buckets - like those who prefer headphones to earbuds.

    Y&R's partner agencies, iconmobile and VML, were awarded People's Voice awards for "ShareTheMeal" in the Mobile Sites & Apps: Best Practices category, and "Footballers" in Online Film & Video: Long Form. The ShareTheMeal campaign for the United Nations World Food Programme works to fight hunger with mobile donations through an innovative app. VML's "Footballers" work for Gatorade followed Carolina Panthers Quarterback Cam Newton as he trained with the Richmond Tigers of the Australian Football League test his skills and learn some new ones.

    "The Webbys are a unique competition in that they give out awards that come from the heightened scrutiny of a jury as well as those that are aptly named the People's Voice. We feel honored to have winners on both sides of this equation," said Y&R Global Chief Creative Office Tony Granger.

    About Y&R

    Y&R is one of the most iconic agencies in the world. It has 189 offices in 93 countries around the world, with clients that include Bel Brands, Campbell's Soup Company, Colgate-Palmolive, Danone, Dell, GAP, Telefonica and Xerox, among many others. Partner companies include VML, Iconmobile, Bravo and Labstore.

    Y&R is part of WPP .

    Follow us on:
    Twitter: @YoungRubicam and Instagram: @YoungRubicam

    Contact:
    Olivia Chamberlain
    Y&R New York
    Olivia.chamberlain@yr.com
    212.210.3901

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/yr-wins-webby-award-for-mcwhopper-300270432.html

    Photo: http://photos.prnewswire.com/prnh/20160413/355059LOGO Y&R

    Web site: http://www.yr.com/




    China Digital TV Announces Unaudited First Quarter 2016 Results

    BEIJING, May 17, 2016 /PRNewswire/ -- China Digital TV Holding Co., Ltd. ("China Digital TV" or the "Company"), the leading provider of cloud-based application platforms and conditional access ("CA") systems which enable China's digital cable television market to offer and secure diversified content services, today announced its unaudited financial results for the first quarter ended March 31, 2016.

    "We are off to a solid start in 2016, as evidenced by the better-than-expected performance of our traditional business, and the growth and early-stage monetization of our cloud offerings," stated Mr. Jianhua Zhu, China Digital TV's chief executive officer. "In the first quarter, we were able to expand the registered users on our cloud platform to 2.3 million from 1.7 million only a quarter ago. In addition, we have already begun to monetize our cloud offerings in Beijing and Chongqing through subscription fees and purchases of virtual currency. Furthermore, we solidified new partnerships with telecom and cable operators to launch the platform in Sichuan, Qingdao, Guizhou and Hebei. Taken together, we expect that these developments will help us to further accelerate user growth and develop our cloud offerings into meaningful revenue sources in 2016. Going forward, we will focus not only on driving the regional expansion of the platform, but also on refining the content offering, as we add more TV-based games and later expand into other content, such as education and online shopping. Our progress on the cloud front speaks to our innovative spirit and reaffirms our commitment to establishing ourselves as the leading gateway for interactive cloud-based content into the living room."

    Ms. Yue Qian, China Digital TV's acting chief financial officer, commented, "We expect smart card business to remain challenging and average selling prices ("ASP") continue to be under pressure in this quarter. The slight uptick in shipment volumes was supported by growing demand from India. These large and rapidly-digitizing markets, which also include Southeast Asia and the Middle East, represent a substantial growth opportunity for us to promote not only smart card solutions but also digital rights management ("DRM") solutions. Lastly, we are excited about our plan to separately list our conditional access and related businesses domestically on the New Third Board, and we hope to complete this process by the end of this year."

    First Quarter 2016 Results(([1]))

    In the first quarter of 2016, China Digital TV's smart card shipments increased by 2.3% to 3.02 million from 2.95 million in the prior year period, primarily driven by increased shipments to international markets, but partially offset by a decline in domestic shipments due to the overall maturity of the CA business.

    China Digital TV's net revenues decreased by 7.3% to US$13.0 million from US$14.0 million in the prior year period. The decrease was primarily due to a decrease in smart card revenues caused by the decline in the ASP of smart cards. The decrease in smart card revenues was partially offset by an increase in revenues from other services.

    Revenues from the Company's top five customers accounted for 36.0% of total revenues, compared to 28.4% in the prior year period, primarily attributable to the consolidation of certain cable operators in the market.

    Revenue Breakdown

    For the three months ended -------------------------- March 31, December 31, March 31, 2016 2015 2015 ---- ---- ---- (in thousands of U.S. dollars) ----------------------------- Products: Smart cards $10,071 $12,753 $12,839 Other products 928 1,743 376 Subtotal 10,999 14,496 13,215 ------ ------ ------ Services: Head-end system integration 882 1,675 596 Head-end system development 701 1,587 318 Licensing income 192 145 100 Royalty income 14 35 123 Other services 400 193 6 Subtotal 2,189 3,635 1,143 ----- ----- ----- Total revenues $13,188 $18,131 $14,358 ======= ======= =======

    Revenues from smart cards decreased by 21.6% to US$10.1 million in the first quarter of 2016 from US$12.8 million in the prior year period, primarily due to a decline in ASPs. Sales of smart cards accounted for 76.4% of total revenues in the first quarter of 2016, compared to 89.4% in the prior year period.

    Revenues from other products increased by 146.8% to US$0.9 million in the first quarter of 2016 from US$0.4 million in the prior year period. The increase was mainly attributable to an increase in sales of surface mounted chips. Sales of other products accounted for 7.0% of total revenues in the first quarter of 2016, compared to 2.6% in the prior year period.

    Revenues from services increased by 91.5% to US$2.2 million in the first quarter of 2016 from US$1.1 million in the prior year period. The increase was primarily due to head-end system development and integration, as well as the expansion and monetization of the Company's emerging cloud platform. Revenues from services accounted for 16.6% of total revenues in the first quarter of 2016, compared to 8.0% in the prior year period.

    Cost of revenues from smart cards and other products increased by 2.6% to US$2.3 million in the first quarter of 2016 from US$2.2 million in the prior year period. The increase was mainly due to an increase in cost of revenues from other products, and was partially offset by a decline in cost of revenues from smart cards. Cost of revenues from smart cards and other products accounted for 52.3% and 16.1%, respectively, of total cost of revenues in the first quarter of 2016, compared to 65.0% and 3.4% in the prior year period.

    Cost of revenues from services in the first quarter of 2016 remained relatively stable at US$1.0 million compared to the prior year period. Cost of revenues from services as a percentage of total cost of revenues also remained relatively stable at 31.6% in the first quarter of 2016, compared to the prior year period.

    Gross profit in the first quarter of 2016 decreased by 10.3% to US$9.7 million from US$10.8 million in the prior year period. Gross margin, was 74.7% in the first quarter of 2016, compared to 77.1% in the prior year period. The decline in gross margin was primarily due to the decreased portion of total revenues accounted for by net revenues from smart cards, which have a higher gross margin than other products and services.

    In the first quarter of 2016, the ASP of smart cards decreased by 23.0% year over year, while the unit cost of smart cards decreased by 19.5% year over year.

    Operating expenses in the first quarter of 2016 decreased by 18.4% to US$7.8 million from US$9.6 million in the prior year period.

    --  Research and development expenses in the first quarter of 2016 decreased
    by 11.5% to US$3.4 million from US$3.9 million in the prior year period.
    The decline was mainly due to a decrease in personnel-related expenses.
    --  Selling and marketing expenses in the first quarter of 2016 decreased by
    31.3% to US$2.4 million from US$3.5 million in the prior year period.
    The decline was mainly due to a decrease in personnel-related expenses.
    --  General and administrative expenses in the first quarter of 2016
    decreased by 10.4% to US$2.0 million from US$2.2 million in the prior
    year period. The decline was mainly due to a decrease in
    personnel-related expenses.
    

    Income from operations in the first quarter of 2016 increased by 53.8% to US$1.9 million from US$1.2 million in the prior year period.

    Income tax expenses in the first quarter of 2016 decreased by 11.1% to US$1.3 million from US$1.4 million in the prior year period, primarily attributable to a decrease in taxable income.

    Net income attributable to holders of ordinary shares in the first quarter of 2016 increased by 219.3% to US$1.2 million from US$0.4 million in the prior year period.

    Non-GAAP net income(([2])) attributable to holders of ordinary shares in the first quarter of 2016 increased by 163.1% to US$1.2 million from US$0.4 million in the prior year period(([3])).

    Balance Sheet

    As of March 31, 2016, China Digital TV had cash and cash equivalents and restricted cash totaling US$70.9 million.

    Business Outlook

    Based on information available as of May 17, 2016, China Digital TV expects smart card shipment volumes in the second quarter of 2016 to be in the range of 2.0 million to 2.3 million. Net revenues in the second quarter of 2016 are expected to be in the range of US$7.2 million to US$8.2 million.

    Conference Call Information

    China Digital TV's management will host an earnings conference call at 8:00 p.m. on Tuesday, March 17, 2016, U.S. Eastern Time (8:00 a.m. on Wednesday, May 18, 2016, Beijing/Hong Kong Time).

    Conference Call Dial-in Information:

    United States Toll Free: +1-888-346-8982 International: +1-412-902-4272 Hong Kong: 800-905945 China Toll Free: 4001-201203 Conference Name: China Digital TV Holding Co. Ltd. call.

    A replay of the call will be available for one week between 10:00 p.m. on May 17, 2016 and 10:00 a.m. on May 24, 2016, U.S. Eastern Time.

    Replay Dial-in Information:

    United States: +1-877-344-7529 International: +1-412-317-0088 Replay Access Code: 10085862

    Additionally, a live and archived webcast of this call will be available on the Investor Relations section of China Digital TV's corporate website at http://ir.chinadtv.cn.

    About China Digital TV

    Founded in 2004, China Digital TV enables television network operators to manage, extend and diversify content services across households and public areas in China. China Digital TV is the leading provider of cloud-based application platforms and network broadcasting platform ("NBP") services to Chinese cable operators, helping them to effectively bring mobile gaming apps and other entertainment options to household television sets, and extend cable programming outside the home to any mobile device. China Digital TV is also the leading provider of Conditional Access ("CA") systems in China's digital television market. CA systems enable television network operators to secure the delivery of content to their subscribers. The Company has existing cooperation with nearly all of China's cable television operators.

    For more information please visit the Investor Relations section of China Digital TV's website at http://ir.chinadtv.cn.

    Safe Harbor Statement

    This announcement contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.

    These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "may," "should" and similar expressions. Such forward-looking statements include, without limitation, statements regarding the outlook and comments by management in this announcement about trends in the CA systems, digital television, cable television and related industries in the PRC and China Digital TV's strategic and operational plans and future market positions. China Digital TV may also make forward-looking statements in its periodic reports filed with the Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about China Digital TV's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from projections contained or implied in any forward-looking statement, including but not limited to the following: competition in the CA systems, digital television, cable television and related industries in the PRC and the impact of such competition on prices, our ability to implement our business strategies, changes in technology, the progress of the television digitalization in the PRC, the structure of the cable television industry or television viewer preferences, changes in PRC laws, regulations or policies with respect to the CA systems, digital television, cable television and related industries, including the extent of non-PRC companies' participation in such industries, and changes in political, economic, legal and social conditions in the PRC, including the government's policies with respect to economic growth, foreign exchange and foreign investment.

    Further information regarding these and other risks and uncertainties is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. China Digital TV does not assume any obligation to update any forward-looking statements, which apply only as of the date of this press release.

    For investor and media inquiries, please contact:

    China Digital TV Holding Co., Ltd.
    Nan Hao
    Investor Relations Manager
    Tel: +86-10-6297-1199 x 9780
    Email: ir@chinadtv.cn

    ICR, Inc.
    Simic Chan
    Tel: +1 (646) 328-1950
    Email: stv@icrinc.com

    [1] Unless otherwise stated, all financial statement measures stated in this press release are based on generally accepted accounting principles in the United States ("U.S. GAAP"). [2] Non-GAAP net income (loss) is defined as net income (loss) excluding certain non-cash expenses, such as share-based compensation expenses, amortization of acquired intangible assets from business acquisitions and equity method investments. [3] For more information on these non- GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP measures" set forth at the end of this release.

    China Digital TV Holding Co., Ltd. Unaudited Condensed Consolidated Statements of Comprehensive Income (in thousands of U.S. dollars, except share and per share data) For the three months ended -------------------------- March 31, December 31, March 31, 2016 2015 2015 ---- ---- ---- Revenues: Products $10,999 $14,496 $13,215 Services 2,189 3,635 1,143 ----- ----- ----- Total revenues 13,188 18,131 14,358 Business and related taxes (167) (281) (309) ---- ---- ---- Net revenues 13,021 17,850 14,049 Cost of revenues: Products (2,255) (2,884) (2,198) Services (1,043) (2,906) (1,013) ------ ------ ------ Total cost of revenues (3,298) (5,790) (3,211) Gross profit 9,723 12,060 10,838 Operating expenses: Research and development expenses (3,447) (3,691) (3,893) Selling and marketing expenses (2,410) (2,954) (3,506) General and administrative expenses (1,988) (2,694) (2,218) ------ ------ ------ Total operating expenses (7,845) (9,339) (9,617) Income from operations 1,878 2,721 1,221 Interest income 337 306 251 Other income, net 167 1,012 64 --- ----- --- Income before income tax expenses 2,382 4,039 1,536 Income tax expenses (1,282) (1,555) (1,442) Net income before share of income /(loss) on 1,100 2,484 94 equity method investments Share of income/(loss) on equity method 10 (140) (18) investments, net of income taxes Net income 1,110 2,344 76 Net loss/(income) attributable to noncontrolling 49 (46) 287 interest Net income attributable to holders of $1,159 $2,298 $363 ordinary shares Net income per share attributable to holders of ordinary shares Basic $0.02 $0.04 $0.01 ===== ===== ===== Diluted $0.02 $0.04 $0.01 ===== ===== ===== Net income $1,110 $2,344 $76 Other comprehensive income/(loss), net of income taxes 566 (1,892) 258 Foreign currency translation adjustment Comprehensive income 1,676 452 334 Comprehensive loss/(income) attributable to 37 (42) 289 noncontrolling interest Comprehensive income attributable to $1,713 $410 $623 holders of ordinary shares Weighted average shares used in calculating net income per ordinary share Basic 60,177,208 60,156,157 59,724,925 ========== ========== ========== Diluted 60,576,380 61,126,154 62,111,962 ========== ========== ==========

    China Digital TV Holding Co., Ltd. Unaudited Condensed Consolidated Balance Sheets (in thousands of U.S. dollars) ASSETS March 31, December 31, 2016 2015 ---- ---- Current assets: Cash and cash equivalents $70,833 $70,138 Restricted cash 34 34 Notes receivable 4,207 4,851 Accounts receivable, net 38,368 38,211 Inventories 4,142 4,857 Prepaid expenses and other current assets 4,628 3,782 Total current assets 122,212 121,873 Property and equipment, net 781 680 Intangible assets, net 332 348 Goodwill 1,349 1,343 Equity method investments 3,080 3,055 Deferred income tax assets 3,383 3,451 Total assets 131,137 130,750 ======= ======= LIABILITIES AND EQUITY Current liabilities: Accounts payable 1,844 1,665 Accrued expenses and other current liabilities 9,398 11,806 Deferred revenue - current 3,476 3,635 Income tax payable 2,480 2,401 Government subsidies - current 823 819 Total current liabilities 18,021 20,326 Deferred revenue - non-current 115 173 Government subsidies - non-current 2,832 3,024 Deferred income taxes liabilities 5,902 5,421 Total liabilities 26,870 28,944 EQUITY China Digital TV Holding Co., Ltd. shareholders' equity: Ordinary shares 30 30 Additional paid-in capital 38,007 37,988 Statutory reserve 18,361 18,361 Retained earnings 24,610 23,451 Accumulated other comprehensive income 22,204 21,650 Total China Digital TV Holding Co., Ltd. 103,212 101,480 shareholders' equity Noncontrolling interest 1,055 326 ----- --- Total equity 104,267 101,806 ------- ------- TOTAL LIABILITIES AND EQUITY $131,137 $130,750 ======== ========

    Reconciliation of Non-GAAP Measures

    Non-GAAP net income attributable to holders of ordinary shares excludes certain non-cash expenses, such as share-based compensation expenses, amortization of intangible assets acquired from business acquisitions and equity method investments. The Company believes that the Non-GAAP net income provides meaningful supplemental information regarding the Company's performance by excluding certain non-cash expenses that may not be indicative of its operating performance from a cash flow perspective. The Company believes that both management and investors benefit from referring to this additional information in assessing the Company's performance and when planning and forecasting future periods.

    However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP.

    For the three months ended -------------------------- March 31, December 31, March 31, 2016 2015 2015 ---- ---- ---- (in U.S. dollars, in thousands) Net income attributable to China Digital TV $1,159 $2,298 $363 Holding Co., Ltd shareholders - GAAP Share-based compensation expenses 10 16 34 Amortization of intangible assets from business 12 12 52 acquisitions and equity method investments Net income attributable to China Digital TV $1,181 $2,326 $449 Holding Co., Ltd shareholders - Non-GAAP

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-digital-tv-announces-unaudited-first-quarter-2016-results-300269924.html

    China Digital TV Holding Co., Ltd.

    Web site: http://ir.chinadtv.cn/




    AT&T Invests Nearly $120 Million Over a 3-Year Period to Enhance Local Networks in Tampa Bay

    TAMPA, Fla., May 17, 2016 /PRNewswire/ -- At AT&T[i], we've invested nearly $120 million in our Tampa Bay wireless and wired networks during 2013-2015. These investments drive a wide range of upgrades to reliability, coverage, speed and overall performance for residents and businesses. They also enhance critical services that support public safety and first responders.

    In 2015, AT&T made upgrades throughout the Tampa Bay region including:

    --  More than 170 LTE network equipment enhancements and more than 200 LTE
    network software enhancements
    --  Adding network capacity in our 4G LTE network covering MacDill Air Force
    Base
    --  Activating a new cell site in Clearwater
    

    "We're committed to providing our customers fast, reliable, highly secure connectivity. We want them to be able to access the Internet at any moment, from almost any device and anywhere," said Joe York, president of AT&T Florida. "Our continued investment in Florida brings a host of new, innovative opportunities for residents and businesses."

    In 2016, for the second year in a row, FORTUNE magazine recognized AT&T as the Most Admired Telecommunications Company in the world. We also placed #48 among the Top 50 World's Most Admired companies in the world. This is our third year in a row on the Top 50 list - AT&T is the only communications company on the list. The company ranked #1 in all 9 attributes. This includes innovation, financial soundness and quality of products/services. FORTUNE's Most Admired Companies lists are among the most highly respected indicators of corporate performance and reputation.

    We offer Internet customers a great combination of speed and price. AT&T high-speed Internet[i] customers have access to our entire national AT&T Wi-Fi Hot Spot Network at no additional charge[ii]. ( )We also offer our award-winning DIRECTV(R) service to eligible locations. Customers may be eligible for AT&T U-verse TV service, a 100% digital service available over our advanced network. In 2015, Woman's Choice Awards(R) named AT&T U-verse "America's Most Recommended Brand among women for Broadband, Television and Phone Service."

    AT&T GigaPower offers our fastest Internet speeds, up to 1Gbps[iii] over a 100% fiber network to more than 1.6 million locations across 22 major metro areas. We've announced plans to expand the availability of Internet speeds up to 1Gbps to homes, apartments and small businesses in parts of 34 additional cities across the U.S. - which will total at least 56 metros served.

    We plan to continue to roll out our fastest Internet services over a 100% fiber network to reach more than 14 million additional residential and commercial locations.

    We have big plans for 2016. We'll be giving you the ability to access and stream DIRECTV video services over a wired or wireless Internet connection from any provider and from virtually any device - smartphone, tablet, Smart TV, streaming media hardware or PC. We plan for each service to come with a set number of simultaneous sessions. These services will not require annual contracts, satellite dishes or set-top boxes.

    We have an extensive Wi-Fi network with more than 40,000 AT&T Wi-Fi Hot Spots at popular restaurants, hotels, bookstores and retailers. We provide access to Wi-Fi at more than 1 million Hot Spots around the world. Most AT&T smartphone and home Internet customers get access to our entire national Wi-Fi network at no additional cost. Wi-Fi usage doesn't count towards customers' monthly wireless data plans.[v]

    To learn more about our coverage in Florida, or anywhere in the U.S., visit the AT&T Coverage Viewer. For updates on the AT&T wireless network, please visit the AT&T network news page.

    Cautionary Language Concerning Forward-Looking Statements

    Information set forth in this news release contains financial estimates and other forward- looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.

    About AT&T

    AT&T Inc. helps millions around the globe connect with leading entertainment, mobile, high speed Internet and voice services. We're the world's largest provider of pay TV. We have TV customers in the U.S. and 11 Latin American countries. We offer the best global coverage of any U.S. wireless provider.* And we help businesses worldwide serve their customers better with our mobility and highly secure cloud solutions.

    Additional information about AT&T products and services is available at http://about.att.com. Follow our news on Twitter at @ATT, on Facebook at http://www.facebook.com/att and YouTube at http://www.youtube.com/att.

    (C) 2016 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

    *Global coverage claim based on offering discounted voice and data roaming; LTE roaming; voice roaming; and world-capable smartphone and tablets in more countries than any other U.S. based carrier. International service required. Coverage not available in all areas. Coverage may vary per country and be limited/restricted in some countries.

    [i] AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.

    [ii] Geographic and service restrictions apply to AT&T U-verse services. Call or go to www.att.com/u-verse to see if you qualify.

    [iii] Access includes AT&T Wi-Fi Basic. Wi-Fi enabled device required. Other restrictions apply. See www.attwifi.com for details and locations.

    [iv] Internet speed claims represent maximum network service capability speeds. Actual customer speeds may vary based on factors including site traffic, content provider server capacity, internal network management factors, and device capabilities and are not guaranteed. For more information, go to att.com/speed101.

    [v] A Wi-Fi enabled device required. Other restrictions apply. See attwifi.com for details and locations.

    [i] Geographic and service restrictions apply to AT&T U-verse services. Call or go to www.att.com/u-verse to see if you qualify.

    [ii] Access includes AT&T Wi-Fi Basic. Wi-Fi enabled device required. Other restrictions apply. See www.attwifi.com for details and locations.

    [iii] Internet speed claims represent maximum network service capability speeds. Actual customer speeds may vary based on factors including site traffic, content provider server capacity, internal network management factors, and device capabilities and are not guaranteed. For more information, go to att.com/speed101.

    http://photos.prnewswire.com/prnvar/20120612/DA23287LOGO

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    Photo: http://photos.prnewswire.com/prnh/20120612/DA23287LOGO AT&T Inc.

    CONTACT: Karen McAllister, AT&T Corporate Communications, 813-205-7742,
    karen.mcallister@att.com

    Web site: http://about.att.com/




    SS&C Technologies to Present at Needham Emerging Technology Conference

    WINDSOR, Conn., May 17, 2016 /PRNewswire/ -- SS&C Technologies , a global provider of financial services software and software-enabled services, announced today that Bill Stone, Chairman and Chief Executive Officer, will speak at the Needham Emerging Technology Conference on Wednesday, May 18(th) at The Westin Grand Central Hotel in New York, NY at 10:40 AM ET.

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    Webcast and Presentation materials will be made available on SS&C Technologies' investor relations website at http://investor.ssctech.com.

    About SS&C Technologies

    SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 10,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients manage an aggregate of over $44 trillion in assets.

    Follow SS&C on Twitter, Linkedin and Facebook.

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ssc-technologies-to-present-at-needham-emerging-technology-conference-300270346.html

    Photo: https://photos.prnewswire.com/prnh/20150410/197838LOGO SS&C

    CONTACT: Patrick Pedonti, Chief Financial Officer, Tel: +1-860-298-4738,
    E-mail: InvestorRelations@sscinc.com; Justine Stone, Investor Relations,
    Tel: +1- 212-367-4705, E-mail: InvestorRelations@sscinc.com; Media: Sarah
    Mason, Metia (UK), Tel. +44 (0)20 3100 3613, Email: ss&c@metia.com; Megan
    Griffin, BackBay Communications (US), Tel: +1-617-556-9982 ext.221, Email:
    ss&c@metia.com

    Web site: http://www.ssctech.com/




    Marketo to Present at the J.P. Morgan Global Technology, Media and Telecom Conference

    SAN MATEO, Calif., May 17, 2016 /PRNewswire/ -- Marketo, Inc. , the leading provider of engagement marketing software and solutions, today announced that Brian Kinion, chief financial officer, will present at the J.P. Morgan Global Technology, Media and Telecom Conference on May 24, 2016 at 10:40 AM ET at The Westin Copley Place in Boston, Mass.

    http://photos.prnewswire.com/prnvar/20070917/AQM011LOGO

    The presentations will be webcast live on the investor relations section of the company's website at http://investors.marketo.com and will be available for replay beginning approximately two hours after the live presentations.

    About Marketo
    Marketo provides the leading engagement marketing software and solutions designed to help marketers develop long-term relationships with their customers - from acquisition to advocacy. Marketo is built for marketers, by marketers and is setting the innovation agenda for marketing technology. Marketo puts Marketing First. Headquartered in San Mateo, CA, with offices around the world, Marketo serves as a strategic partner to large enterprise and fast-growing small companies across a wide variety of industries. To learn more about Marketo's Engagement Marketing Platform, LaunchPoint(R) partner ecosystem, and the vast community that is the Marketo Marketing Nation(R), visit www.marketo.com.

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/marketo-to-present-at-the-jp-morgan-global-technology-media-and-telecom-conference-300270327.html

    Photo: http://photos.prnewswire.com/prnh/20070917/AQM011LOGO Marketo, Inc.

    CONTACT: IR, Anne Marie McCauley, Marketo, 650-727-6845,
    amccauley@marketo.com




    Edgar(R) Award-winning and Top-Rated Streaming Service Acorn TV Features U.S. Premieres of First-rate British series Every Monday in JuneThe return of innovative British detective drama SUSPECTS, Series 3 & 4; BAFTA(R) Award winning actress Sheridan Smith in acclaimed period biopic CILLA; Raunchy British comedy RAISED BY WOLVES; and The return of the star-studded VERY BRITISH PROBLEMS, Series 2 featuring James Corden and David Tennant

    SILVER SPRING, Md., May 17, 2016 /PRNewswire/ -- Building on its recent Edgar(R) Award win and achieving the highest rating in a recent consumer group's streaming voter survey, Acorn TV announces the acquisition and exclusive U.S. Premieres of four British television series in June 2016. Acorn TV features the return of two of its newest series with innovative cop drama Suspects and star-studded documentary Very British Problems; as well as hilarious British sitcom Raised by Wolves from Caitlin Moran ("How to be a Woman"); and award-winning biopic Cilla starring Sheridan Smith (Black Work, The Huntsman). From RLJ Entertainment and available at Acorn.TV and on a variety of devices, Emmy(R)-nominated Acorn TV is the premier North American streaming service for world-class television from Britain and beyond with lavish, high-quality international premieres every week. In the past year, Acorn TV's subscriber base has increased 100%.

    https://photos.prnewswire.com/prnvar/20150708/234272LOGO

    Miguel Penella, CEO, RLJ Entertainment, noted, "After another record year of growth, we're thrilled with the recent news that a leading consumer ratings group has named Acorn TV the top rated streaming service and a leading mystery organization (MWA) has awarded an Acorn TV series its sole television Edgar(R) Award. This is wonderful validation of the hard work our team has put in to making Acorn TV the premier destination for lavish, highly entertaining international mysteries, dramas and comedies. With four exclusive U.S. Premieres in June alone, Acorn TV remains focused on curating the deepest library of high-quality series for our subscribers."

    June's Exclusive U.S. Premieres
    Monday, June 6 - Suspects, Series 3 & 4
    Monday, June 13 - Cilla
    Monday, June 20 - Raised by Wolves, Series 1
    Monday, June 27 - Very British Problems, Series 2

    Exclusive U.S. Premieres:
    Suspects, Series 3 & 4 (Monday, June 6)
    "Refreshing and innovative...all the acting was sterling" -The Telegraph
    Acorn TV's unscripted British detective drama returns with eight new episodes starring Fay Ripley (Cold Feet), Damien Molony (Being Human, Ripper Street), and Clare-Hope Ashitey (Children of Men). Filmed from an eyewitness perspective with improvised dialogue, this one-of-a-kind procedural delivers an immersive, authentic look at police investigations. (8 episodes)

    Cilla (Monday, June 13)
    "Fun, this biopic of Cilla is brilliant... a triumph" - Daily Mail
    Written by Oscar nominee Jeff Pope (Philomena) and nominated for a 2015 BAFTA(R) Award for Best Mini-Series, this charming three-part period biopic stars Sheridan Smith (Black Work) in a BAFTA(R)-award nominated and National Television Awards-winning role as singer Cilla Black. Cilla follows Black's rise to fame from 1960 amateur appearances in clubs to her relationships with Bobby Willis and Beatles manager Brian Epstein. (3 episodes)

    Raised by Wolves, Series 1 (Monday, June 20)
    "The script is smart and tangy, but it's the sprightly acting that makes this...comedy zing" -The Independent
    Written and based on the childhood of noted British author Caitlin Moran ("How to be a Woman"), the series features a hilarious, raunchy modern family with an extra twist of crazy. The family includes six socially isolated, home-schooled siblings and their acerbic mother Della Garry. In pursuit of her crush, the oldest daughter drags her family reluctantly out into the world, going underage clubbing, dabbling in voyeurism, taking the law into their own hands and dealing with major life milestones in their characteristic highly inappropriate way. (6 episodes)

    Very British Problems, Series 2 (Monday, June 27)
    The hilarious celebratory talking heads show returns with Britain's most famous faces sharing the struggle against the endless capacity of social awkwardness which comes with being British. Originating from a Twitter account and narrated by Julie Walters, the show features contributions from James Cordon (The Late Late Show), David Tennant (Doctor Who), Catherine Tate, and more. (4 eps.)

    Acorn TV's international partners include Fremantle for Suspects, ITV for Cilla and Raised by Wolves, and Digital Rights Group Ltd. for Very British Problems.

    Acorn TV is also adding several other star-studded programs throughout June, including Sheridan Smith in her BAFTA(R) Award winning role as Mrs. Biggs; Lost Empires starring Colin Firth in one of his first roles; Helen Mirren and Iain Glen in Painted Lady; Romola Garai, Alex O'Loughlin and Sam Neill in the award-winning miniseries The Incredible Journey of Mary Bryant; Where the Heart Is, Series 5; British crime drama Without Motive; and classic miniseries Edward the King; as well as documentaries The Secret Life of Books and The Ascent of Woman.

    In the past year, the world-class TV streamer featured the exclusive U.S. Premieres of the return of smash hit British dramedy Doc Martin, Series 7 starring Martin Clunes; Australia's addictive period drama A Place to Call Home; Aussie legal drama Janet King; British detective series Vera, Series 6 starring Brenda Blethyn; BAFTA-award winning comedy Detectorists, Series 2, which was named the Los Angeles Times top new show of 2015; Murdoch Mysteries, Season 9; Guy Pearce in noir thriller Jack Irish, Season 1 (May 2 - 30); and Canadian Screen Award winner for 'Best Dramatic Series' 19-2, Season 2 (May 16). Coming soon is Irish crime drama Clean Break (May 23).

    Given the limited broadcast options for U.S. viewers to watch first rate international programs, Acorn TV offers U.S. fans the opportunity to not only stream many of their favorite series but, more importantly, discover new and classic programs previously unavailable to U.S. audiences. Acorn TV adds new programs every week and features a deep library of mysteries, dramas, documentaries, and comedies with no set end dates. Available at Acorn.TV and on a wide variety of devices/platforms, Acorn TV offers a free 30-day trial and is only $4.99 a month, $49.99 a year.

    "Discover an alternate universe of terrific British shows." -Los Angeles Times
    "Netflix for the Anglophile." -NPR's Here & Now

    NOTES:
    *WATCH: Press can easily watch the premieres at the Acorn TV press site: http://press.rlje.net/. Suspects and Cilla are available now with others being added soon. Limited DVDs are available upon request.

    *Acorn TV: https://acorn.tv

    *Link to images: https://www.dropbox.com/sh/j8j8bc0ak0yogzm/AAAZxIxlK4n7A86KAqG1gup_a?dl=0

    Acorn TV Press Contact: Chad Campbell, ccampbell@RLJEntertainment.com

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/edgar-award-winning-and-top-rated-streaming-service-acorn-tv-features-us-premieres-of-first-rate-british-series-every-monday-in-june-300270239.html

    Photo: https://photos.prnewswire.com/prnh/20150708/234272LOGO RLJ Entertainment

    Web site: http://www.rljentertainment.com/




    Xilinx announces Investor & Analyst meeting

    SAN JOSE, Calif., May 17, 2016 /PRNewswire/ -- Xilinx, Inc. announced it will host its 2016 Investor & Analyst Meeting on Monday, May 23, 2016 in Boston. The meeting will be hosted by Xilinx's executive management team.

    Logo - http://photos.prnewswire.com/prnh/20020822/XLNXLOGO

    A live webcast of the meeting will begin at 3:00 p.m. Eastern Time. All interested parties may access the event from the investor relations section of the Company's web site at www.investor.xilinx.com. A replay of the webcast will be available approximately 24 hours following the completion of the meeting.

    About Xilinx

    Xilinx is the leading provider of All Programmable FPGAs, SoCs, MPSoCs, and 3D ICs. Xilinx uniquely enables applications that are both software defined and hardware optimized - powering industry advancements in Cloud Computing, Embedded Vision, Industrial IoT, and 5G Wireless. For more information, visit www.xilinx.com.

    #1628F

    Xilinx, the Xilinx logo, Artix, ISE, Kintex, Spartan, Virtex, Zynq, Vivado, and other designated brands included herein are trademarks of Xilinx in the United States and other countries. All other trademarks are the property of their respective owners.

    XLNX-F

    Investor Relations Contact:
    Lori Owen
    Xilinx, Inc.
    (408) 879-6911
    ir@xilinx.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/xilinx-announces-investor--analyst-meeting-300270206.html

    Xilinx, Inc.

    Web site: http://www.xilinx.com/




    NetSuite Makes Bold Happen At SuiteWorld 2016Cloud ERP Leader's Accelerated Product Innovation Meets the Needs of Businesses of Any Size, Any Business Model in the Cloud Economy

    SAN JOSE, Calif., May 17, 2016 /PRNewswire/ -- NETSUITE SUITEWORLD -- NetSuite Inc. , the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced a number of product innovations designed to enable companies to transform their business operations and to thrive in the cloud economy. Today's announcements, spanning mission critical business processes including billing, global business operations and intelligent order management, give customers the tools they need to adapt to the pace of modern business and thrive.

    The cloud economy is forcing businesses to rethink their models as global competition accelerates. Businesses are increasingly implementing new, "hybrid" business models. Product companies are adding services and services companies are adding products. Subscription and usage models are becoming the norm as every business adds an "as a service" component. Start-ups and small companies desire the scale and scope of their larger competitors. Big companies want to achieve the agility of nimble start-ups.

    NetSuite delivers transformative power to companies of all sizes with any business model, giving them the agility and flexibility to adapt to the rapidly changing world of modern business. NetSuite provides the ability to expand and transform their organizations and reinvent their business models to meet the ever-changing demands of their markets and the expectations of their customers, not just in their home countries but globally. Specifically, today's announcements give businesses the power to transform how they intelligently deliver orders, bill and recognize revenue, and expand globally in the rapidly-evolving cloud economy.

    SuiteBilling Delivers Industry's First and Only Cloud Unified Order-to-Billing-to-Revenue Solution
    SuiteBilling, a new product release, is designed to enable businesses to adopt any business model from product-based, to time and services-based, to usage- and subscription-based, or any combination of these without limit. SuiteBilling unifies both the billing and revenue recognition processes regardless of business model with complete controls and auditability, helping businesses comply and reduce risks. Built natively into NetSuite's core ERP system, SuiteBilling delivers the functionality and business value that are unmatched by any other competing product. It is the industry's first and only comprehensive cloud solution that synchronizes complex processes from order to billing to revenue recognition all within one system.

    NetSuite OneWorld 16 Adds Enhancements for Global Enterprises
    NetSuite announced new enterprise-ready capabilities that extend its leadership position as the #1 cloud ERP provider, as it continues at an unstoppable speed to deliver financial management capabilities for multi-national organizations that are unmatched in the industry. Building on the momentum of enhancements to NetSuite OneWorld announced in December 2015, this new release delivers deep global financial capabilities, global control, governance, risk and compliance (GRC) features and enhanced financial reporting. In conjunction with all the global enterprise-ready capabilities available in NetSuite OneWorld, this new release further helps global companies increase operational efficiency, streamline financial reporting, deepen local and global compliance, localize business processes and deliver peace of mind for CFOs, controllers and finance users.

    NetSuite Optimizes Omnichannel Fulfillment with Intelligent Order Management
    NetSuite announced the release of NetSuite Intelligent Order Management to help meet rising customer expectations and streamline the constantly evolving complexities of omnichannel order orchestration, giving merchants the intelligence and automation needed to use inventory more efficiently, reduce shipping costs and improve the customer experience. NetSuite adds intelligent omnichannel order allocation to NetSuite's existing Order Management solution. Merchants can now automate how to best fulfill orders based on their inventory availability and the configurable business rules they establish inside NetSuite. The functionality helps turn omnichannel shoppers into brand advocates with reduced stockouts, prompt delivery and a multitude of fulfillment options from wherever a merchant holds inventory. Merchants meet demand, increase inventory turns and preserve safety stocks, while scaling their business but keeping labor costs flat.

    Today, more than 30,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of cloud-based financials/enterprise resource planning (ERP) and omnichannel commerce software applications for businesses of all sizes. Many FORTUNE 100 companies rely on NetSuite to accelerate innovation and business transformation. NetSuite continues its success in delivering the best cloud business management software to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.

    Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter handle for real-time updates.

    For more information about NetSuite, please visit www.netsuite.com.

    NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/netsuite-makes-bold-happen-at-suiteworld-2016-300269731.html

    Photo: http://photos.prnewswire.com/prnh/20090924/SF81218LOGO-b NetSuite Inc.

    CONTACT: Mei Li, NetSuite Inc., 650.627.1063, meili@netsuite.com

    Web site: http://www.netsuite.com/




    David R. Shedd Joins Intergraph Government Solutions Board of DirectorsShedd brings over three decades of intelligence community and foreign policy experience

    HUNTSVILLE, Ala., May 17, 2016 /PRNewswire/ -- Intergraph Government Solutions (IGS) has added David R. Shedd to the company's board of directors. Shedd joins existing board members Ralph Basham, Joseph Fehrenbach and chairman Lt. Gen. (Ret.) Michael D. Maples.

    Prior to this appointment, Shedd dedicated nearly 33 years to the U.S. intelligence and national security communities. At his retirement in 2015, he held the office of acting director of the Defense Intelligence Agency (DIA). Prior to that, he served as deputy director of the DIA as well as deputy director for policy, plans and requirements in the Office of the Director of National Intelligence.

    "We are delighted to welcome David to the board of directors," said Maples. "His exceptional background in the intelligence community and his insights will be invaluable as IGS looks forward to continued growth."

    Shedd's body of work complements the backgrounds of existing IGS board members. Maples leverages over 37 years of military experience and previously served as director of DIA. During his 38-year career in federal law enforcement, Basham served as the commissioner of U.S. Customs and Border Protection, as the director of the U.S. Secret Service and in several senior leadership positions in the Department of Homeland Security.

    Shedd also brings experience from postings in senior management positions at the Central Intelligence Agency, the National Security Council and the U.S. embassies in Costa Rica and Mexico. He holds a Bachelor's degree from Geneva College and a Master's degree from Georgetown University's School of Foreign Service.

    About Intergraph Government Solutions

    Intergraph Government Solutions (IGS) is an independent subsidiary for Hexagon Safety & Infrastructure's U.S. federal business. Hexagon Safety & Infrastructure provides mission-critical and business-critical solutions to governments and service providers. A global leader, proven innovator and trusted partner, our software and industry expertise help improve the lives of millions of people through safer communities, better public services and more reliable infrastructure. Visit www.intergraphgovsolutions.com for more information.

    Hexagon Safety & Infrastructure is part of Hexagon , a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications.

    (C)2016 Intergraph Government Solutions. Intergraph Government Solutions is part of Hexagon. All rights reserved. Intergraph Government Solutions and the Intergraph Government Solutions logo are trademarks of Intergraph or its subsidiaries in the United States and in other countries.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/david-r-shedd-joins-intergraph-government-solutions-board-of-directors-300270133.html

    Intergraph Government Solutions

    CONTACT: Mallory Hilderbrand, Senior Marketing Analyst, +1.256.799.6426,
    Mallory.Hilderbrand@Intergraphgovsolutions.com

    Web site: http://www.intergraphgovsolutions.com/




    Vipshop Reports Unaudited First Quarter 2016 Financial Results1Q16 Total Net Revenue up 41% YoY to RMB12.17 Billion (US$1.89 Billion)1Q16 Income from Operations up 51% YoY to RMB596 Million (US$92 Million)Conference Call to be Held at 8:00 AM U.S. Eastern Time on May 18, 2016

    GUANGZHOU, China, May 17, 2016 /PRNewswire/ -- Vipshop Holdings Limited , a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced its unaudited financial results for the first quarter ended March 31, 2016.

    First Quarter 2016 Highlights

    --  Total net revenue increased by 41% to RMB12.17 billion (US$1.89
    billion), primarily attributable to a 52% year-over-year increase in the
    number of active customers[1] to 19.7 million and a 53% year-over-year
    increase in total orders[2] to 58.7 million.
    --  Gross profit increased by 38% to RMB2.96 billion (US$458 million) from
    RMB2.14 billion in the prior year period.
    --  Income from operations increased by 51% to RMB596 million (US$92
    million) from RMB395 million in the prior year period. Operating margin
    increased to 4.9% from 4.6% in the prior year period.
    --  Non-GAAP income from operations[3] increased by 48% to RMB765 million
    (US$119 million) from RMB517 million in the prior year period. Non-GAAP
    operating margin[4] increased to 6.3% from 6.0% in the prior year
    period.
    --  Net income attributable to Vipshop's shareholders increased by 29% to
    RMB475 million (US$74 million) from RMB368 million in the prior year
    period.
    --  Non-GAAP net income attributable to Vipshop's shareholder[5] increased
    by 28% to RMB623 million (US$97 million) from RMB487 million in the
    prior year period.
    

    Mr. Eric Shen, chairman and chief executive officer of Vipshop, stated, "Our first quarter results demonstrate the continued power of our platform to attract and retain customers and suppliers alike. We will continue to focus on driving top-line growth and market share expansion by balancing both customer acquisition growth and profitability. After several quarters of fine-tuning our strategy of balancing revenue growth and marketing and promotion expenses, we now have improved control between these competing levers and aim to achieve more stabilized growth going forward. We believe that, by providing our nearly 20 million active customers with seamless end-to-end shopping experience and diverse and affordable products, our platform will continue to grow and generate significant value for our stakeholders going forward."

    Mr. Donghao Yang, chief financial officer of Vipshop, commented, "During this quarter, we continued to deliver strong absolute growth in revenues, active customers and total orders. The strong operating leverage of our model allows us to reinvest profit in top-line and market share expansion while maintaining stable gross margins and expanding operating margins. Looking ahead, we will continue to diversify our product offering and further improve our logistics capabilities, in order to ensure an excellent end-to-end user experience and to deliver enduring value to our loyal shareholders."

    First Quarter 2016 Financial Results

    REVENUE

    Total net revenue for the first quarter of 2016 increased by 41% to RMB12.17 billion (US$1.89 billion) from RMB8.61 billion in the prior year period, primarily driven by the growth in the numbers of total active customers, repeat customers, and total orders.

    The number of active customers for the first quarter of 2016 increased by 52% to 19.7 million from 12.9 million in the prior year period. The number of total orders for the first quarter of 2016 increased by 53% to 58.7 million from 38.5 million in the prior year period.

    GROSS PROFIT

    Gross profit for the first quarter of 2016 increased by 38% to RMB2.96 billion (US$458 million) from RMB2.14 billion in the prior year period. Gross margin was 24.3%, as compared with 24.9% in the prior year period.

    OPERATING INCOME AND EXPENSES

    Total operating expenses for the first quarter of 2016 were RMB2.39 billion (US$371 million), as compared with RMB1.76 billion in the prior year period. As a percentage of total net revenue, total operating expenses decreased to 19.7% from 20.5% in the prior year period.

    --  Fulfillment expenses for the first quarter of 2016 were RMB1.08 billion
    (US$167 million), as compared with RMB806 million in the prior year
    period, primarily reflecting the increase in sales volume and number of
    orders fulfilled. As a percentage of total net revenue, fulfillment
    expenses decreased to 8.9% from 9.4% in the prior year period, primarily
    reflecting the scale effect associated with the growth in total net
    revenue.
    --  Marketing expenses for the first quarter of 2016 were RMB604 million
    (US$94 million), as compared with RMB403 million in the prior year
    period, reflecting the Company's strategy to drive long-term growth
    through increasing investments to strengthen its brand awareness,
    attract new users and expand market share. As a percentage of total net
    revenue, marketing expenses were 5.0%, as compared with 4.7% in the
    prior year period.
    --  Technology and content expenses for the first quarter of 2016 were
    RMB327 million (US$51 million), as compared with RMB256 million in the
    prior year period, reflecting the Company's continued efforts to invest
    in human capital and advanced technologies such as data analytics, which
    can help improve the ability to predict consumer behavior and further
    enhance user experience. As a percentage of total net revenue,
    technology and content expenses decreased to 2.7% from 3.0% in the prior
    year period, primarily reflecting the scale effect associated with the
    growth in total net revenue.
    --  General and administrative expenses for the first quarter of 2016 were
    RMB382 million (US$59 million), as compared with RMB297 million in the
    prior year period. As a percentage of total net revenue, general and
    administrative expenses decreased to 3.1% from 3.4% in the prior year
    period, primarily reflecting the scale effect associated with the growth
    in total net revenue.
    

    Income from operations for the first quarter of 2016 increased by 51% to RMB596 million (US$92 million) from RMB395 million in the prior year period due to the growing scale of the Company's operations and decrease in fulfillment, technology and content and general and administrative expenses as a percentage of total net revenue. Operating margin increased to 4.9% from 4.6% in the prior year period.

    Non-GAAP income from operations, which excludes share-based compensation expenses and amortization of intangible assets resulting from a business acquisition, increased by 48% to RMB765 million (US$119 million) from RMB517 million in the prior year period. Non-GAAP operating income margin increased to 6.3% from 6.0% in the prior year period.

    NET INCOME

    Net income attributable to Vipshop's shareholders increased by 29% to RMB475 million (US$74 million) from RMB368 million in the prior year period. Net margin attributable to Vipshop's shareholders was 3.9%, as compared with 4.3% in the prior year period. Net income attributable to Vipshop's shareholders per diluted ADS[6] increased to RMB0.80 (US$0.12) from RMB0.61 in the prior year period.

    Non-GAAP net income attributable to Vipshop's shareholders, which excludes share-based compensation expenses, impairment loss of investments, and amortization of intangible assets resulting from a business acquisition and equity method investments, increased by 28% to RMB623 million (US$97 million) from RMB487 million in the prior year period. Non-GAAP net margin attributable to Vipshop's shareholders was 5.1%, as compared with 5.7% in the prior year period. Non-GAAP net income attributable to Vipshop's shareholders per diluted ADS increased to RMB1.04 (US$0.16) from RMB0.81 in the prior year period.

    For the quarter ended March 31, 2016, the Company's weighted average number of ADSs used in computing diluted income per ADS was 621,386,550.

    BALANCE SHEET AND CASH FLOW

    As of March 31, 2016, the Company had cash and cash equivalents of RMB3.57 billion (US$554 million) and held-to-maturity securities of RMB704 million (US$109 million).

    For the quarter ended March 31, 2016, operating cash was RMB153 million, and free cash flow[7], a non-GAAP measurement of liquidity, was as follows:

    For the three months ended March 31, March 31, March 31, 2015 2016 2016 RMB'000 RMB'000 US$'000 Net cash from operating activities 493,289 153,211 23,761 Add: Impact from Internet financing activities[8] 64,281 309,209 47,954 Less: Capital expenditures (456,872) (660,594) (102,449) Free cash flow in/ (out) 100,698 (198,174) (30,734)

    Business Outlook

    For the second quarter of 2016, the Company expects its total net revenue to be between RMB12.3 billion and RMB12.8 billion, representing a year-over-year growth rate of approximately 37% to 42%. These forecasts reflect the Company's current and preliminary view on the market and operational conditions, which is subject to change.

    Exchange Rate

    This announcement contains currency conversions of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from Renminbi to U.S. dollars are made at a rate of RMB6.4480 to US$1.00, the effective noon buying rate for March 31, 2016 as set forth in the H.10 statistical release of the Federal Reserve Board.

    Conference Call Information

    The Company will hold a conference call on Wednesday, May 18, 2016 at 8:00 am Eastern Time or 8:00 pm Beijing Time to discuss its financial results and operating performance for the first quarter of 2016.

    United States: +1-845-675-0438
    International Toll Free: +1-855-500-8701
    China Domestic: +86-400-1200654
    Hong Kong: +852-3018-6776
    Conference ID: #7061812

    The replay will be accessible through May 25, 2016 by dialing the following numbers:

    United States Toll Free: +1-855-452-5696
    International: +61-2-90034211
    Conference ID: #7061812

    A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.vip.com.

    About Vipshop Holdings Limited

    Vipshop Holdings Limited is a leading online discount retailer for brands in China. Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. For more information, please visit www.vip.com.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Vipshop's strategic and operational plans, contain forward-looking statements. Vipshop may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Vipshop's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Vipshop's goals and strategies; Vipshop's future business development, results of operations and financial condition; the expected growth of the online discount retail market in China; Vipshop's ability to attract customers and brand partners and further enhance its brand recognition; Vipshop's expectations regarding demand for and market acceptance of flash sales products and services; competition in the discount retail industry; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Vipshop's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Vipshop does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    Use of Non-GAAP Financial Measures

    The unaudited condensed consolidated financial information is prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), except that the consolidated statement of shareholders' equity, consolidated statements of cash flows, and the detailed notes required by Accounting Standards Codification 270 Interim Reporting ("ASC270"), have not been presented. Vipshop uses non-GAAP net income attributable to Vipshop's shareholders, non-GAAP net income per diluted ADS, non-GAAP income from operations, non-GAAP net income margin, and non-GAAP operating income margin, free cash flow, each of which is a non-GAAP financial measure. Non-GAAP net income attributable to Vipshop's shareholders is net income attributable to Vipshop's shareholders excluding share-based compensation expenses, impairment loss of investments, and amortization of intangible assets resulting from a business acquisition and equity method investments. Non-GAAP net income per diluted ADS is non-GAAP net income divided by weighted average number of diluted ADS. Non-GAAP income from operations is income from operations excluding share-based compensation expenses and amortization of intangible assets resulting from a business acquisition. Non-GAAP operating income margin is non-GAAP income from operations as a percentage of total net revenue. Non-GAAP net income margin is non-GAAP net income as a percentage of total net revenue. Free cash flow is the operating cash flow adding back the impact from Internet financing activities and less capital expenditures, which include purchase of property and equipment, purchase and deposits of land use rights, and purchase of other assets. The Company believes that separate analysis and exclusion of the non-cash impact of share-based compensation, impairment loss of investments and amortization of intangible assets adds clarity to the constituent parts of its performance. The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses these non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of non-cash share-based compensation expenses, impairment loss of investments, and amortization of intangible assets. Free cash flow enables the Company to assess liquidity and cash flow, taking into account the impact from Internet financing activities and the financial resources needed for the expansion of fulfillment infrastructure and technology platform. Share-based compensation expenses and amortization of intangible assets have been and will continue to be significant recurring expenses in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. One of the key limitations of free cash flow is that it does not represent the residual cash flow available for discretionary expenditures. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP.

    The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Vipshop Holdings Limited Reconciliations of GAAP and Non-GAAP Results" at the end of this release.

    [1] "Active customers" are defined as registered members who have purchased from the Company or the Company's online marketplace platforms at least once during the relevant period. [2] "Total orders" are defined as the total number of orders placed during the relevant period, including the orders for products and services sold in the Company's online sales business and on the Company's online marketplace platforms, net of orders returned. [3] Non-GAAP income from operations is a non-GAAP financial measure, which is defined as income from operations excluding share-based compensation expenses and amortization of intangible assets resulting from a business acquisition. [4] Non-GAAP operating income margin is a non-GAAP financial measure, which is defined as non-GAAP income from operations as a percentage of total net revenues. [5] Non-GAAP net income attributable to Vipshop's shareholders is a non-GAAP financial measure. Effective from the fourth quarter of 2015, the non-GAAP net income attributable to Vipshop's shareholders is defined as net income attributable to Vipshop's shareholders excluding share- based compensation expenses, impairment loss of investments, and amortization of intangible assets resulting from a business acquisition and equity method investments. [6] "ADS" means American depositary share, each of which represents 0.2 Class A ordinary share. [7] As used in this press release, free cash flow is defined as operating cash flow adding back the impact from internet financing activities and less capital expenditures, which include purchase of property and equipment, purchase and deposits of land use rights and purchase of other assets. [8] Impact from Internet financing activities added back to free cash flow contains changes in the balances of financial products, which are primarily "Weipin Spend" and "Wei Yidai" that the Company provides to customers and suppliers respectively.

    Vipshop Holdings Limited Condensed Consolidated Statements of Income and Comprehensive Income (In thousands, except per share data) Three Months Ended March 31,2015 March 31,2016 March 31,2016 ------------- ------------- ------------- RMB'000 RMB'000 USD'000 (Unaudited) (Unaudited) (Unaudited) Product revenues 8,414,397 11,924,439 1,849,324 Other revenues (1) 198,302 244,655 37,943 Total net revenues 8,612,699 12,169,094 1,887,267 --------- ---------- --------- Cost of goods sold (6,471,623) (9,213,001) (1,428,815) Gross profit 2,141,076 2,956,093 458,452 --------- --------- ------- Operating expenses Fulfillment expenses(2) (805,961) (1,079,428) (167,405) Marketing expenses (402,647) (603,812) (93,643) Technology and content expenses (256,148) (326,674) (50,663) General and administrative expenses(3) (296,698) (382,288) (59,288) -------- -------- ------- Total operating expenses (1,761,454) (2,392,202) (370,999) ---------- ---------- -------- Other income 15,338 32,175 4,990 ------ ------ ----- Income from operations 394,960 596,066 92,443 Impairment loss of investments (10,000) - - Interest expenses (21,841) (22,417) (3,477) Interest income 81,795 27,757 4,305 Exchange gain (loss) 8,508 (6,845) (1,062) Income before income taxes and share of loss of affiliates 453,422 594,561 92,209 Income tax expense(4) (89,190) (131,029) (20,321) Share of loss of affiliates (22,926) (16,849) (2,613) ------- ------- ------ Net income 341,306 446,683 69,275 Net loss attributable to noncontrolling interests 26,203 27,885 4,325 ------ ------ ----- Net income attributable to Vipshop's shareholders 367,509 474,568 73,600 Shares used in calculating earnings per share(5): Class A and Class B ordinary shares: -Basic 114,941,893 115,241,944 115,241,944 -Diluted 119,540,587 124,277,310 124,277,310 Net earnings per Class A and Class B share Net income attributable to Vipshop's shareholders--Basic 3.20 4.12 0.64 Net income attributable to Vipshop's shareholders--Diluted 3.07 3.99 0.62 Net earnings per ADS (1 ordinary share equals to 5 ADSs) Net income attributable to Vipshop's shareholders--Basic 0.64 0.82 0.13 Net income attributable to Vipshop's shareholders--Diluted 0.61 0.80 0.12 (1) Other revenues primarily consist of revenues from third-party logistics services, product promotion and online advertising, fees charged to third-party merchants which the Company provides platform access for sales of their products,and inventory and warehouse management services to certain suppliers. (2) Including shipping and handling expenses, which amounted RMB 405 million and RMB 562 million in the three month periods ended March 31, 2015 and March 31, 2016, respectively. (3)Including amortization of intangible assets resulting from a business acquisition, which amounted to RMB 58 million and RMB 77 million in the three months period ended March 31, 2015 and March 31, 2016, respectively. (4)Included income tax benefits of RMB 15 million and RMB 20 million related to the reversal of deferred tax liabilities, which was recognized on the businss acquisition of Lefeng for the three months period ended March 31, 2015 and March 31, 2016, respectively. (5) Authorized share capital are re-classified and re-designated into Class A ordinary shares and Class B ordinary shares, with each Class A ordinary share being entitled to one vote and each Class B ordinary share being entitled to ten votes on all matters that are subject to shareholder vote. Net income 341,306 446,683 69,275 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments 330 (4,850) (752) Unrealized gain or loss of available-for-sales securities 16,787 (29,078) (4,510) Comprehensive income 358,423 412,755 64,013 ------- ------- ------ Less: Comprehensive loss attributable to non-controlling interests (26,496) (26,434) (4,100) Comprehensive income attributable to Vipshop's shareholders 384,919 439,189 68,113 ======= ======= ====== Three Months Ended March 31,2015 March 31,2016 March 31,2016 ------------- ------------- ------------- RMB'000 RMB'000 USD'000 (Unaudited) (Unaudited) (Unaudited) Share-based compensation charges included are follows Fulfillment expenses 3,761 7,125 1,105 Marketing expenses 3,879 9,325 1,446 Technology and content expenses 27,363 35,768 5,547 General and administrative expenses 29,235 39,809 6,174 Total 64,238 92,027 14,272 ====== ====== ====== Vipshop Holdings Limited Condensed Consolidated Balance Sheets (In thousands, except per share data) December 31,2015 March 31,2016 March 31,2016 ---------------- ------------- ------------- RMB'000 RMB'000 USD'000 ASSETS (Unaudited) (Unaudited) (Unaudited) CURRENT ASSETS Cash and cash equivalents 3,324,384 3,572,949 554,117 Held-to-maturity securities 1,807,403 703,668 109,130 Accounts receivable, net 351,423 668,622 103,694 Amounts due from related parties 31,856 10,776 1,671 Other receivables and prepayments 1,869,461 1,485,148 230,326 Inventories 4,566,746 2,830,122 438,915 Deferred tax assets 202,003 229,248 35,553 Total current assets 12,153,276 9,500,533 1,473,406 ---------- --------- --------- NON-CURRENT ASSETS Property and equipment, net 2,949,604 3,306,035 512,723 Deposits for property and equipment 933,419 977,130 151,540 Land use rights, net 197,462 196,288 30,442 Intangible assets, net 744,369 659,218 102,236 Investment in affiliates 252,706 142,897 22,161 Other investments 489,862 487,955 75,675 Available-for-sale securities investment, non-current 269,736 364,825 56,580 Other long-term assets 1,936,307 2,014,077 312,357 Goodwill 108,781 342,374 53,098 Total non-current assets 7,882,246 8,490,799 1,316,812 --------- --------- --------- TOTAL ASSETS 20,035,522 17,991,332 2,790,218 ========== ========== ========= LIABILTIES AND EQUITY CURRENT LIABILITIES Accounts payable (Including accounts payable of the VIE without recourse to the Company of RMB 48,178 and RMB 105,870 as of December 31, 2015 and March 31, 2016, respectively) 6,645,262 5,154,802 799,442 Advance from customers (Including advance from customers of the VIE without recourse to the Company of RMB 879,848 and RMB 985,465 as of December 31, 2015 and March 31, 2016, respectively) 2,009,578 1,732,489 268,686 Accrued expenses and other current liabilities(Including accrued expenses and other current liabilities of the VIE without recourse to the Company of RMB 1,127,270 and RMB 849,256 as of December 31, 2015 and March 31, 2016, respectively) 3,104,622 2,512,275 389,621 Amounts due to related parties(Including amounts due to related parties of the VIE without recourse to the Company of RMB 82,994 and RMB 452 as of December 31, 2015 and March 31, 2016, respectively) 206,966 48,158 7,469 Deferred income (Including deferred income of the VIE without recourse to the Company of RMB 95,643 and RMB 103,791 as of December 31, 2015 and March 31, 2016, respectively) 104,531 114,989 17,833 Short term loans (Including short term loans of the VIE without recourse to the Company of nil and nil as of December 31, 2015 and March 31, 2016) 95,000 3,000 465 Total current liabilities 12,165,959 9,565,713 1,483,516 ---------- --------- --------- NON-CURRENT LIABILITIES Deferred tax liability(Including deferred tax of the VIE without recourse to the Company of RMB 116 and RMB 916 as of December 31, 2015 and March 31, 2016, respectively) 175,416 156,474 24,267 Deferred income-non current(Including deferred income-non current of the VIE without recourse to the Company of RMB 3,573 and RMB 2,244 as of December 31, 2015 and March 31, 2016, respectively) 22,699 46,806 7,259 Convertible senior notes 4,058,181 4,047,836 627,766 Total non-current liabilities 4,256,296 4,251,116 659,292 --------- --------- ------- Total liabilities 16,422,255 13,816,829 2,142,808 ========== ========== ========= EQUITY: Class A ordinary shares (US$0.0001 par value, 483,489,642 shares authorized, and 100,085,519 and 100,758,705 shares issued and outstanding as of December 31, 2015 and March 31, 2016, respectively) 65 65 10 Class B ordinary shares (US$0.0001 par value, 16,510,358 shares authorized, and 16,510,358 and 16,510,358 shares issued and outstanding as of December 31, 2015 and March 31, 2016, respectively) 11 11 2 Treasury shares, at cost - 1,614,135 shares as of December 31, 2015 and March 31, 2016 (844,711) (844,711) (131,004) Additional paid-in capital 2,838,591 2,934,718 455,136 Retained earnings 1,616,209 2,090,777 324,252 Accumulated other comprehensive income (loss) (70,980) (106,361) (16,495) Non-controlling interests 74,082 100,004 15,509 Total shareholders' equity 3,613,267 4,174,503 647,410 --------- --------- ------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 20,035,522 17,991,332 2,790,218 ========== ========== ========= Vipshop Holdings Limited Reconciliations of GAAP and Non-GAAP Results Three Months Ended March 31,2015 March 31,2016 March 31,2016 ------------- ------------- ------------- RMB'000 RMB'000 USD'000 (Unaudited) (Unaudited) (Unaudited) Income from operations 394,960 596,066 92,443 Share-based compensation expenses 64,238 92,027 14,272 Amortization of intangible assets resulting from a business acquisition 58,130 77,093 11,956 Non-GAAP income from operations 517,328 765,186 118,671 ======= ======= ======= Net income 341,306 446,683 69,275 Share-based compensation expenses 64,238 92,027 14,272 Impairment loss of investments 10,000 - - Amortization of intangible assets resulting from a business acquisition and equity method investments (net of tax) 56,161 71,065 11,021 Non-GAAP net income 471,705 609,775 94,568 ======= ======= ====== Net income attributable to Vipshop's shareholders 367,509 474,568 73,600 Share-based compensation expenses 64,238 92,027 14,272 Impairment loss of investments 10,000 - - Amortization of intangible assets resulting from a business acquisition and equity method investments (exclude non-controlling interests and net of tax) 45,311 56,764 8,803 Non-GAAP net income attributable to Vipshop's shareholders 487,058 623,359 96,675 ======= ======= ====== Shares used in calculating earnings per share: Basic ordinary shares: Class A and Class B ordinary shares: -Basic 114,941,893 115,241,944 115,241,944 -Diluted 119,540,587 124,277,310 124,277,310 Non-GAAP net income per Class A and Class B share Non-GAAP net income attributable to Vipshop's shareholders--Basic 4.24 5.41 0.84 Non-GAAP net income attributable to Vipshop's shareholders--Diluted 4.07 5.19 0.80 Non-GAAP net income per ADS (1 ordinary share equal to 5 ADSs) Non-GAAP net income attributable to Vipshop's shareholders--Basic 0.85 1.08 0.17 Non-GAAP net income attributable to Vipshop's shareholders--Diluted 0.81 1.04 0.16

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vipshop-reports-unaudited-first-quarter-2016-financial-results-300270283.html

    Vipshop Holdings Limited

    CONTACT: Investor Relations Contact: Vipshop Holdings Limited, Millicent
    Tu, Tel: +86 (20) 2233-0732, Email: IR@vipshop.com; ICR, Inc., Jeremy
    Peruski, Tel: +1 (646) 405-4866, Email: IR@vipshop.com




    Four MobileIron Executives Recognized as CRN's 2016 Women of the ChannelBarb Huelskamp, Vice President, Worldwide Channels, Named One of Power 100

    MOUNTAIN VIEW, Calif., May 17, 2016 /PRNewswire/ -- MobileIron , the leader in enterprise mobile security, announced today that CRN(R), a brand of The Channel Company, has named four MobileIron executives to its prestigious 2016 Women of the Channel list. The executives include Barb Huelskamp, vice president, worldwide channels; Carolyn Cox, senior director, customer acquisition & partner marketing; Lana King, director, worldwide channel program operations; and Jennifer Ambrose, director, Americas field and partner marketing. The women executives who comprise this annual list span the IT channel, representing vendors, distributors, solution providers and other organizations that figure prominently in the channel ecosystem. Each is recognized for her outstanding leadership, vision, and unique role in driving channel growth and innovation.

    https://photos.prnewswire.com/prnvar/20140923/147891

    Huelskamp was also named to CRN's list of 2016 Power 100, which identifies an exclusive group of channel influencers drawn from the larger pool of CRN's 2016 Women of the Channel: the most powerful women leaders across IT channel organizations whose expertise and vision have positioned their companies for success.

    "It's an honor to have not one, but four MobileIron executives be recognized among the most accomplished leaders in the channel," said Huelskamp. "MobileIron's success would not be possible without the contributions of our incredible partners. We look forward to continuing to empower our partners and enable customers to secure enterprise data wherever it lives."

    The 2016 Women of the Channel list will be featured in the June issue of CRN Magazine and online at www.CRN.com/wotc2016.

    About MobileIron
    MobileIron provides the secure foundation for companies around the world to transform into Mobile First organizations. For more information, please visit www.mobileiron.com.

    About the Channel Company
    The Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers and end users. Backed by more than 30 years of unequaled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. www.thechannelco.com

    CRN is a registered trademark of The Channel Company, LLC. The Channel Company logo is a trademark of The Channel Company, LLC (registration pending). All rights reserved.

    Logo - http://photos.prnewswire.com/prnh/20140923/147891

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/four-mobileiron-executives-recognized-as-crns-2016-women-of-the-channel-300270241.html

    Photo: https://photos.prnewswire.com/prnh/20140923/147891 MobileIron

    CONTACT: Sara Day, MobileIron, +1-650-336-3123, sara@mobileiron.com;
    Melanie Turpin, The Channel Company, (508) 416-1195,
    mturpin@thechannelco.com

    Web site: http://www.mobileiron.com/




    LyondellBasell to Address the Bernstein 32nd Annual Strategic Decisions Conference

    HOUSTON and NEW YORK, May 17, 2016 /PRNewswire/ -- LyondellBasell , one of the world's largest plastics, chemical and refining companies, today announced that Bob Patel, CEO and chairman of the management board, will address investors at the Bernstein 32nd Annual Strategic Decisions Conference on June 3, 2016, at 10:00 a.m. EDT. The conference will take place at The Waldorf Astoria Hotel in New York.

    Webcast and Presentation Slides Access
    A live webcast can be accessed at the time of the presentation at https://lyb.com/investorevents, where copies of the slides related to the webcast will also be available for download. A replay of the presentation will be available on the company's website within 24 hours following the webcast.

    About LyondellBasell
    LyondellBasell is one of the world's largest plastics, chemical and refining companies and a member of the S&P 500 Index. LyondellBasell (www.lyb.com) manufactures products at 57 sites in 18 countries. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world, including packaging, electronics, automotive parts, home furnishings, construction materials and biofuels.

    http://photos.prnewswire.com/prnvar/20140416/75605

    Logo - http://photos.prnewswire.com/prnh/20140416/75605

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lyondellbasell-to-address-the-bernstein-32nd-annual-strategic-decisions-conference-300270216.html

    Photo: http://photos.prnewswire.com/prnh/20140416/75605 LyondellBasell

    CONTACT: Media: Faye Justice Eson, +1 713-309-7575 or Investors: Douglas
    J. Pike, +1 713-309-7141




    Synopsys Completes Acquisition of Simpleware

    MOUNTAIN VIEW, Calif., May 17, 2016 /PRNewswire/ -- Synopsys, Inc. today announced it has completed its acquisition of Simpleware Ltd., a privately held, leading provider of software products for the conversion of 3D scan data into high-quality computer models used for engineering design and simulation. The Simpleware products address a wide range of product design and data analysis applications in the life sciences, consumer products, aerospace, automotive, defense, oil and gas industries. The terms of the deal, which are not material to Synopsys financials, are not being disclosed.

    About Synopsys

    Synopsys, Inc. is the Silicon to Software(TM) partner for innovative companies developing the electronic products and software applications we rely on every day. As the world's 16th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software quality and security solutions. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest quality and security, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at www.synopsys.com.

    Editorial Contact:
    Sheryl Gulizia
    Synopsys, Inc.
    650-584-8635
    sgulizia@synopsys.com

    Investor Contact:
    Lisa Ewbank
    Synopsys, Inc.
    650-584-1901

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/synopsys-completes-acquisition-of-simpleware-300270238.html

    Synopsys, Inc.

    Web site: http://www.synopsys.com/

    Company News On-Call: http://www.prnewswire.com/comp/AAB595.html




    ClearOne Announces Record Date for 2016 Second Quarter Dividend

    SALT LAKE CITY, May 17, 2016 /PRNewswire/ -- ClearOne today announced that the quarterly cash dividend for the second quarter of 2016 at $0.05 per share will be paid on June 15, 2016 to shareholders of record as of June 1, 2016.

    About ClearOne
    ClearOne is a global company that designs, develops and sells conferencing, collaboration, and network streaming & signage solutions for voice and visual communications. The performance and simplicity of its advanced comprehensive solutions offer unprecedented levels of functionality, reliability and scalability. More information about the company can be found at www.clearone.com.

    http://investors.clearone.com

    Contact:
    Investor Relations
    +1-801-975-7200
    Investor_relations@clearone.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/clearone-announces-record-date-for-2016-second-quarter-dividend-300270230.html

    ClearOne

    Web site: http://www.clearone.com/




    ViaSat to Present at the 3rd Annual MoffettNathanson Media & Communications Summit

    CARLSBAD, Calif., May 17, 2016 /PRNewswire/ -- ViaSat Inc. , a global broadband services and technology company, today announced it will be participating at the 3rd Annual MoffettNathanson Media & Communications Summit at Le Parker Meridien Hotel in New York on Wednesday, May 18, 2016, at 9:00 a.m. EDT.

    Interested parties can access the live or archived webcast by visiting the Investor Relations section of ViaSat's website at: investors.viasat.com. ViaSat maintains a current listing of its scheduled investor conferences on the Events and Presentations page in the Investor section of its website.

    About ViaSat
    ViaSat, Inc. keeps the world connected. As a global broadband services and technology company, ViaSat ensures consumers, businesses, governments and military personnel have communications access - anywhere - whether on the ground or in-flight. The Company's innovations in designing highest-capacity satellites and secure ground infrastructure and terminal technologies coupled with its international network of managed Wi-Fi hotspots enable ViaSat to deliver a best available network that extends the reach and accessibility of broadband internet service, globally. For more information visit ViaSat at: www.viasat.com, or follow the Company on social media: Facebook, Twitter, LinkedIn and YouTube.

    Copyright (C) 2016 ViaSat, Inc. All rights reserved. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners. ViaSat is a registered trademark of ViaSat, Inc.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/viasat-to-present-at-the-3rd-annual-moffettnathanson-media--communications-summit-300270225.html

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    CONTACT: Investor Relations, Heather Ferrante, +1 760-476-2242,
    Heather.Ferrante@viasat.com; Or Public Relations, Chris Fallon, +1
    760-476-2322, Chris.Fallon@viasat.com

    Web site: http://www.viasat.com/




    Gov. John Bel Edwards, state leaders join CGI for IT center ribbon cutting in Lafayette, Louisiana

    More than 250 local tech workers already on site of new $13.1 million facility

    Stock Market Symbols
    GIB (NYSE)
    GIB.A (TSX)
    www.cgi.com/newsroom

    LAFAYETTE, LA, May 17, 2016 /PRNewswire/ - CGI executives today were joined by Louisiana Governor John Bel Edwards and a host of state and local leaders at a ribbon cutting celebration for the company's new $13.1 million onshore information technology (IT) services Center of Excellence in Lafayette, Louisiana. The 50,000-square-foot facility houses CGI's fourth U.S. onshore delivery center and is expected to create up to 400 high-quality IT jobs in southwest Louisiana by 2020. CGI currently employs more than 250 technology workers at the center and is recruiting to fill more than 50 open positions. Interested candidates may learn more at www.cgi.com/lafayette.

    "This ribbon cutting would not have been possible without the shared commitment of CGI and its local partners in higher education, economic development, state and local governments and the Acadiana community," said Tim Hurlebaus, President, CGI Federal, a wholly-owned subsidiary of CGI, serving clients in the civilian, defense and intelligence sectors of the U.S. government. "Together, we envisioned a state-of-the art technology facility that would bring high-quality jobs to Lafayette and provide world-class service to CGI clients. Today, with that vision becoming a reality, we recognize the contributions of those who welcomed our business to this great community, and the CGI team members in Lafayette who are serving our clients across the country and around the world."

    "CGI's arrival in Louisiana has helped elevate our state's status as a leading destination for knowledge-based employers and the creative professionals who help them thrive," Gov. Edwards said. "While attracting one of the world's most successful information technology companies, we also are building research capacity in an exciting way for one of our leading higher education institutions, the University of Louisiana at Lafayette. We're delighted that CGI is meeting with success in Louisiana and that our partnership, over the next decade, will triple the number of computer science undergraduate degrees awarded annually through UL Lafayette's School of Computing and Informatics."

    CGI's onshore delivery model creates high-quality IT jobs in America. It is a core element of the company's business strategy to offer cost-effective IT services options to government and commercial clients. The company continually looks for locations offering access to a quality workforce, strong economics and partnerships with state and local government, academia and industry. With its continued growth and technology-savvy workforce, Lafayette was identified as a perfect partner for CGI, which selected the location after a nearly two-year, nationwide site-selection process. CGI also operates U.S. onshore delivery centers in Lebanon, VA, Troy, AL and Belton, TX.

    "By including onshore delivery options as part of our global delivery network, we not only underscore our commitment to client service, but also prove that building a national technology workforce in the U.S. is about more than recruiting workers in Silicon Valley and other urban technology centers," said Will LaBar, Vice President, CGI Federal. "We believe that young people in places like Lafayette should be able to live, raise families and pursue technology careers in their own communities. We are proud that our center in Lafayette is offering the opportunity for area students and workers to join the nation's technology workforce right here in southwestern Louisiana."

    As an anchor tenant of the 143-acre Research Park of the University of Louisiana at Lafayette, CGI's new state-of-the-art facility is expected to have an annual economic impact of $90 million over the next five years. The project also includes a state-funded, 10-year, $4.5 million higher education initiative led by University of Louisiana at Lafayette that will result in a tripling of the number of undergraduate degrees awarded annually by the University's School of Computing and Informatics. That growth is anticipated to place the university's computer science program among the top 25 in the U.S. for number of bachelor's degrees awarded in computer science each year.

    CGI is also establishing a research and technology innovation lab in Lafayette to advance cutting-edge technologies such as digital transformation, cloud computing, cybersecurity, future cities, big data and data visualization. This Innovation Center is open for business and will be used by both CGI and the University for technology demonstrations, client innovation sessions, and learning events.

    "As a leader in their industry, CGI both enhances and diversifies the landscape of our economy. In a very short period of time, they have already proven to be an active and engaged community partner," said Joel Robideaux, Mayor-President, Lafayette.

    CGI employees have also become active in the community. Over the past year, CGI has helped support Project Front Yard, partnered with the Bayou Vermilion Preservation Association to raise awareness about the Bayou, volunteered for United Way, supported middle/high school career fairs and events, and participated in organizations such as the Lafayette Downtown Development Authority and One Acadiana.

    About CGI
    Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 65,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as 150 IP-based services and solutions. With annual revenue in excess of C$10 billion and an order backlog exceeding C$20 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com.

    CGI Group Inc.

    CONTACT: Media, Linda Odorisio, Vice-President, Global Communications,
    linda.odorisio@cgi.com, +1 703-267-8118

    Web site: http://www.cgi.com//




    NetSuite Optimizes Omnichannel Fulfillment with Intelligent Order ManagementNetSuite Unveils New Capabilities to Enable a Buy Anywhere, Fulfill Anywhere, Return Anywhere Commerce Experience

    SAN JOSE, Calif., May 17, 2016 /PRNewswire/ -- NETSUITE SUITEWORLD 2016 -- NetSuite Inc. , the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced the release of NetSuite Intelligent Order Management. The new capabilities unveiled today help meet rising customer expectations and streamline the constantly-evolving complexities of omnichannel order orchestration. Merchants get the intelligence and automation needed to help use inventory more efficiently, reduce shipping costs and improve the customer experience.

    NetSuite Order Management is one of the most widely used cloud-based, order management solutions in the world. In 2015, merchants using NetSuite's solution transacted more than 246 million orders, a 46 percent increase from 2014. Total dollar order volume also soared, exceeding $180.5 billion in 2015, a 32 percent increase from 2014. Merchants continue to adopt NetSuite's order management solution at a rapid pace, according to IDC(1), for B2B and B2C channels - website, mobile, in store, phone, direct sales and system-to-system.

    Built on this success and momentum, NetSuite, in this new release, adds intelligent omnichannel order allocation so merchants can automate how to best fulfill orders based on their inventory availability and the configurable business rules they establish inside NetSuite. The functionality helps turn omnichannel shoppers into brand advocates with reduced stockouts, prompt delivery and a multitude of fulfillment options from wherever a merchant holds inventory. Merchants are better equipped to meet demand, increase inventory turns and reduce safety stocks, and are better able to scale their business while keeping labor costs flat.

    Designed for high order volume, NetSuite helps merchants efficiently manage fulfillment, eliminate manual work and manage only by exception. In addition, NetSuite's cloud-based technology deploys quickly and allows merchants to iterate rapidly as their business evolves.

    "Getting customers what they want and when they want, every time, delivers a competitive advantage through an improved brand experience," NetSuite's General Manager of Commerce Products, Andy Lloyd says. "In addition to satisfying customer expectations, an effective order management solution protects a merchant's margins so it can more profitably scale its business."

    True Brands is a multi-brand, global designer and supplier of beverage lifestyle accessories. The Seattle-based merchant has experienced 30 percent, year-over-year growth but its disparate systems and manual processes required increasing support, which eroded profits. In early 2015, the company replaced multiple, on-premise, back-office, legacy systems with NetSuite's cloud-based ERP platform, eliminating data silos, consolidating systems and streamlining its operations. In mid-2015, True Brands deployed NetSuite's ecommerce platform, SuiteCommerce, powering the merchant's established B2B and growing B2C channels. All of its nine brands share the same cart, providing a seamless experience as customers shop from one brand to another. True Brands now has a single, cloud-based solution from its back office to its front-end, customer-facing systems.

    The company operates three, US distribution centers and processes more than 2,500 B2B orders a week through its websites and call center. To further automate processes, improve margins and improve the customer experience, True Brands has added NetSuite Intelligent Order Management, eliminating its costly and best-guess practice of sales representatives determining how orders get fulfilled and shipped.

    "In our business, it comes down to two things - great customer experience and business controls," True Brands' owner Nik Patel, said. "With NetSuite, we're getting orders out fast and cost-effectively so we can pass the savings onto our customers."

    NetSuite's new intelligent order capabilities facilitate the perfect order with the following functionality:

    Order sourcing and allocation. NetSuite's automatic location assignment allows vendors to optimize for reduced costs, faster delivery or a combination of factors to enable a fulfill-from-anywhere solution across all channels.

    Release for fulfillment. Merchants get control over their release-for-fulfillment process with a second, automated process, which decides when to release orders and notifies each fulfillment location of which order to fulfill. Fulfillment managers get full visibility into the process - released orders, fulfillment status, and order exceptions.

    Exception management. Merchants can automatically handle most order exceptions so the business scales with fixed headcount. NetSuite attempts to fulfill exception orders then informs the CSR or fulfillment manager of an unfilled order. Exceptions caused by inventory discrepancies are automatically flagged for resolution.

    Store pickup. Merchants control which locations and items participate in the pickup process. NetSuite updates sales orders for store pickups and mixed orders. Once received, fulfillment requests are automatically generated, notifying a store of the order. When inventory is selected, the system notifies the customer their order is ready.

    Ship from store. Merchants can save the sale by fulfilling from stores to meet customer demand, increase inventory turns and reduce markdowns. Merchants control which locations and items participate in the shipping process, while managing store capacity and inventory buffering to balance in-store and ecommerce fulfillment.

    Order management insight and KPIs. Merchants empower operations managers to measure their attainment of the perfect order with insight and intelligence, from promising and allocation, to orchestration and fulfillment, through to payments and returns.

    Today, more than 30,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of cloud-based financials/enterprise resource planning (ERP) and omnichannel commerce software applications for businesses of all sizes. Many FORTUNE 100 companies rely on NetSuite to accelerate innovation and business transformation. NetSuite continues its success in delivering the best cloud business management software to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.

    For more information about NetSuite please visit www.netsuite.com.

    Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter handle for real-time updates.

    NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.

    (1)According to the IDC report, "Worldwide Order Management Market Shares, 2014: Digital Commerce Drives Growth," published July 2015, "Cloud software vendor NetSuite was the fastest growing in the 2014 order management market, with 32.3% growth over 2013."

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/netsuite-optimizes-omnichannel-fulfillment-with-intelligent-order-management-300269739.html

    Photo: https://photos.prnewswire.com/prnh/20090924/SF81218LOGO-b NetSuite Inc.

    CONTACT: Mei Li, NetSuite Inc., 650.627.1063, meili@netsuite.com

    Web site: http://www.netsuite.com/




    Aspect Software Implements NetSuite OneWorld For Transformative GrowthLeading Enterprise Contact Center and Workforce Optimization Software Provider Gains Flexibility, Scalability with NetSuite Cloud ERP

    SAN JOSE, Calif., May 17, 2016 /PRNewswire/ -- NETSUITE SUITEWORLD 2016 -- NetSuite Inc. , the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that Aspect Software, a leading provider of fully-integrated consumer engagement, workforce optimization, and self-service solutions, has implemented NetSuite OneWorld to unify its worldwide operations on a single, cloud-based platform. Aspect implemented NetSuite OneWorld in June 2015 to replace numerous on-premise legacy systems which had been heavily modified to run the company's global business operations. Aspect uses NetSuite for financials, billing, revenue recognition, multi-currency transactions in 61 currencies, multi-subsidiary management in 23 countries, project management, resource management, time-and-expense management, inventory management and analytics. An early adopter of NetSuite SuiteBilling, Aspect is able to run business processes from order to billing and revenue recognition with complete control and auditability.

    Aspect Software defined the modern call center with the world's first intelligent Automatic Call Distributor in 1973. Since then, Aspect has grown into a global leader in customer engagement center architecture, self-service and workforce optimization technologies. Today, Aspect has over 1,800 employees located in 41 offices around the world. Aspect serves over 2,000 global companies who manage over 100 million customer interactions on a daily basis.

    The company's mission to help its customers build and sustain stronger relationships with their customers was constrained by a cluttered mix of aging on-premise legacy systems. As Aspect's own business shifted to deliver greater value to customers through the cloud, the constraints of the legacy, on-premise ERP systems became clear.

    "Moving to NetSuite OneWorld allowed us to streamline our global processes on a unified platform that scales with our growing, evolving business," said Jim Haskin, Aspect CIO. "And it's helping us open the doors to new innovation."

    NetSuite OneWorld supports more than 100 countries with configurable tax compliance, support for 20 languages and 190 currencies, and multi-subsidiary management, enabling NetSuite customers to transact in more than 200 countries and dependent territories around the world. NetSuite OneWorld supports Aspect's worldwide growth and innovation by providing:

    --  Real-time global financial consolidation. NetSuite OneWorld gives Aspect
    real-time visibility across all of its subsidiaries, with a single
    financial system of record.
    --  A unified billing and revenue recognition system, synchronizing complex
    processes from order to billing to revenue recognition.
    --  Superior inventory management that enables Aspect to better plan for how
    much inventory it needs, track the movement of goods, and meet customer
    demand much more quickly.
    --  Breadth of functionality designed for modern businesses, enabling the
    company to streamline mission-critical business processes and improve
    operational efficiency.
    --  A highly scalable system, with the ability to quickly and easily add
    functionality as a business evolves.
    --  Built-in business intelligence that provides real-time insights into key
    business performance indicators for a unified view of the organization,
    and delivers a single version of truth.
    --  A flexible and agile platform, the NetSuite SuiteCloud Platform, that
    easily enables the company to customize NetSuite to meets its business
    requirements and to integrate with other third-party systems to meet its
    industry needs.
    

    "We have undertaken an enormous transformation of our own business by shifting to a cloud delivery model for our own customer solutions, and by delivering innovative services to a wider range of industries," Haskin said. "NetSuite OneWorld provides the power and flexibility we need to achieve our vision."

    Haskin, Aspect Software's Chief Information Officer, appeared onstage today with NetSuite's President and Chief Operating Officer Jim McGeever at SuiteWorld 2016, NetSuite's annual conference for customers, partners and industry thought leaders being held this week in San Jose, Calif. A link to the live webcast of the SuiteWorld 2016 keynote address will be available at www.netsuite.com, or on NetSuite's social media pages on Twitter and Facebook.

    NetSuite OneWorld, winner of the 2015 Software & Information Industry Association (SIIA) CODiE Award for Best Financial Management Solution and the 2015 UK Cloud award for ERP Product of the Year, provides a unified and cloud-based suite of software that is flexible enough to meet the needs of diverse business models, legal structures and geographies. Customers like Misys based in the UK, HP Software and American Express Global Business Travel in the US, and Scoot, a wholly-owned subsidiary of Singapore Airlines in Singapore, are turning to NetSuite OneWorld for advanced capabilities to manage their complex business processes across subsidiaries, countries and continents. NetSuite OneWorld supports 190 currencies, 20 languages and automated tax compliance in more than 100 countries, and transaction in more than 200 countries.

    Today, more than 30,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of cloud-based financials/enterprise resource planning (ERP) and omnichannel commerce software applications for businesses of all sizes. Many FORTUNE 100 companies rely on NetSuite to accelerate innovation and business transformation. NetSuite continues its success in delivering the best cloud business management software to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.

    Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter handle for real-time updates.

    For more information about NetSuite, please visit www.netsuite.com.

    NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aspect-software-implements-netsuite-oneworld-for-transformative-growth-300269600.html

    Photo: http://photos.prnewswire.com/prnh/20090924/SF81218LOGO-b NetSuite Inc.

    CONTACT: Mei Li, NetSuite Inc., 650.627.1063, meili@netsuite.com

    Web site: http://www.netsuite.com/




    Lockheed Martin and Indra Demonstrate Next Generation Radar for Spanish NavyNew solid state radar will provide proven Aegis air defense capability while introducing leading edge technologies for future Spanish frigates and other international platforms

    MOORESTOWN, N.J., May 17, 2016 /PRNewswire/ -- Indra and Lockheed Martin recently demonstrated the first phase of integration of new a solid state S-band radar system being developed for the future Spanish F-110 Frigate. The test was part of the technology development phase in the joint development of this next generation radar system.

    https://photos.prnewswire.com/prnvar/20160517/368749

    During the demonstration, which took place at the Lockheed Martin facility in Moorestown, New Jersey, Lockheed Martin and Indra successfully completed the integration of Indra's Digital Transmit-Receive modules into Lockheed Martin's Solid State phased array antenna. Representatives from the Spanish Ministry of Defense, the Spanish Navy and the U.S. Navy watched the engineers demonstrated the mechanical, electrical and thermal compatibility of the devices. This new solid state radar will provide proven Aegis air defense capability while introducing leading edge technologies for future Spanish frigates and other international platforms.

    "The demonstration showed the operational compatibility between Lockheed Martin's array and Indra's digital modules, which together will form an integral part of the F-110 combat system," said Jose Manuel Perez Pujazon, executive vice president, Indra.

    "We have a strong relationship with Indra, which makes them the ideal partner for this opportunity, and our systems performed flawlessly together," said Mary Keifer, director of International Aegis & Surface Combat Systems, Lockheed Martin.

    The F-110 Frigate is the Spanish Navy's next generation of multi-mission surface vessel, due to see operation in the next decade. The Spanish Navy operates five Aegis-equipped Alvaro de Bazan-class (F-100) frigates, which are equipped with the Lockheed Martin-developed Aegis Combat System and SPY-1 radar. F-110 will include the introduction of an evolved Combat Management System and new solid-state S-band radar with the aim to advance the strong partnerships between U.S. and Spanish industry established during the development and fielding of the first four ships of the F-100 program and expanded for F-105.

    As part of the collaboration, Indra is supplying the building block to achieve a fully Digital Antenna, including the Digital Transmit-Receive modules that contain state-of-the-art Solid State Gallium Nitride (GaN) high power amplifiers, developed from its experience in the design of radar and electronic warfare systems, integrating leading edge technologies in high power amplification and digitalization.

    "Like the Aegis Combat System, our solid state radar system employs an open architecture design that more easily facilitates integration with other systems and components," Keifer said. "This allows us to help support the U.S. Navy and Missile Defense Agency's interests, while making our systems more compatible with the needs of our allied partners through collaboration with companies like Indra, which bring strong multinational capabilities and leading edge technologies to bear."

    Following the success of the demonstration, both companies signed a contract under which Lockheed Martin will support Indra during the technology development phase of the project that will culminate in 2020 with the demonstration of a full Engineering Development Model of an integrated solid state S-band radar for the future Spanish frigate.

    The demonstration was an important step in a roadmap defined by both companies in 2010 to develop a next generation radar for F-110 and future international platforms.

    For more information, visit: www.lockheedmartin.com/us/products/aegis.html and www.indracompany.com/en/defense

    About Lockheed Martin

    Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 125,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

    About Indra

    Indra is one of the main global consulting and technology companies and the technology partner for core business operations of its clients businesses throughout the world. It offers a comprehensive range of proprietary solutions and cutting edge services with a high added value in technology, which adds to a unique culture that is reliable, flexible and adaptable to its client's needs. Indra is a world leader in the development of comprehensive technological solutions in fields such as Defense & Security, Transport & Traffic, Energy & Industry, Telecommunications & Media, Financial Services and Public Administrations & Healthcare. Through its Minsait unit, it provides a response to the challenges of digital transformation. In 2015 it reported revenues of EUR2,850m, had a workforce of 37,000 professionals, a local presence in 46 countries, and delivered projects in more than 140 countries.

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    Photo: https://photos.prnewswire.com/prnh/20160517/368749
    http://photos.prnewswire.com/prnh/20141118/159313LOGO Lockheed Martin

    CONTACT: Melissa Chadwick, melissa.a.chadwick@lmco.com ; +1 202-740-5997
    or Indra indraprensa@indracompany.com ; +34 91 480 97 01

    Web site: http://www.lockheedmartin.com/




    Porter Novelli And AIM Sports Reputation Management Launch Cybersecurity Offering For Collegiate And Professional SportsPNProtect from Porter Novelli and Rook Security Will Help Teams Prevent and Mitigate Cybersecurity Risks

    ATLANTA, May 17, 2016 /PRNewswire/ -- AIM Sports Reputation Management, a specialty offering from global public relations agency Porter Novelli, announced today that it will offer clients PNProtect--a full-service cybersecurity solution from Porter Novelli and Rook Security, a recognized leader in outcome-focused cybersecurity.

    As part of the $145 billion global sports industry[1], universities, professional franchises, conferences and leagues hold valuable and sensitive information about players, fans and partners. This pool of data is a target-rich environment for hackers. Whether it's gamblers seeking insider information on player health status, rivals looking for a competitor's coaching strategy or criminal hackers stealing season ticket holder credit card information, sports organizations need to ensure they are protected and prepared in the case of breach.

    "PNProtect brings the technical support and insight that every team, front office and university athletic department needs, combined with the expert reputation management counsel that is essential in a crisis," said Jeff Battcher, cofounder and president, AIM Sports Reputation Management. "This offering puts our clients in the best possible position to respond to and recover from an attack--or even prevent it from happening in the first place."

    "Given its overall size and highly visible nature, as well as the widespread financial resources at stake, we view the sports industry as a significant target for nefarious activities of hackers. The result can be significant damage of both a fiscal and reputational nature," said J.J. Thompson, CEO, Rook Security. "This offering provides critical protection for sports organizations at all levels, and we're proud of what we've worked hard to develop with Porter Novelli in order to bring PNProtect to sports organizations.

    Porter Novelli, AIM and Rook Security work together to provide cybersecurity support for clients in three distinct stages:

    Predict, Prevent & Prepare

    In an ideal world, organizations are able to identify and address cyber threats before they become full-blown attacks. The offering begins with a reputation audit and analysis of a client's "threat score." This score is determined using a proprietary system and in-depth monitoring of the "deep web," where hackers often operate under the radar. Crisis experts also develop a crisis playbook to guide the company's response in the event that there is an attack.

    Manage & Protect

    In the event of an attempted attack or data breach, the offering quickly identifies the source and engages with clients to address the situation in real-time. AIM's Mobile Crisis Response Platform - an app that includes the playbook and other crisis management tools - support clients who are on the go. Rook's technical incident responders are also available to augment client IT teams, bringing a wealth of experience in mitigating breach incidents.

    Recover & Restore

    Porter Novelli and Rook have helped clients manage through a wide variety of complex crises and cybersecurity incidents. Through best-in-class media monitoring and online listening capabilities, PNProtect helps assess an escalating, negative narrative and recommends a strategy for recovery and comeback. In doing so, the potential for long-term reputational harm is minimized.

    For more information, visit http://www.aimsportsrep.com.

    About AIM Sports Reputation Management

    AIM Sports Reputation Management is a specialty service dedicated to providing collegiate athletic programs and professional sports organizations with assistance in leadership, ethics and brand management. Porter Novelli partners with Bill Curry, former NFL player, NCAA coach and ESPN analyst to design and deliver the new standard for sports ethics and crisis communications. For additional information, please visit www.AIMSportsRep.com.

    About Rook Security

    Rook Security is a provider of global IT security solutions protecting sensitive data against dynamic, emerging threats. Rook's advisory and managed security services deliver visibility, intelligence, and response(R) in security operations to overcome the complex problems that continue to plague most organizations. As an integrated extension of their internal team, Rook helps organizations achieve a mature security and risk management program. Rook's advisory and managed security services have helped to improve the way organizations from start-ups to Fortune 100 firms protect their data and manage their risk. For more information, join us on Twitter @RookSecurity, Facebook or www.rooksecurity.com.

    About Porter Novelli

    Porter Novelli is a global public relations agency built on a rich heritage of marketing for social good. We've been motivating people to change deeply ingrained behaviors rooted in cultural and social norms for more than 40 years. Porter Novelli is a different kind of agency--and we recognize, respect and champion companies with the spirit, drive and tenacity to do things differently. We like taking on big challenges, and even bigger challengers, and we seek out clients who feel the same way--clients who have the conviction to tell their own story, and the courage to innovate from who they have been into who they know they can be. For additional information, please visit www.porternovelli.com. Porter Novelli is a part of the DAS Group of Companies.

    About the DAS Group of Companies

    The DAS Group of Companies, a division of Omnicom Group Inc. (www.omnicomgroup.com), is a global group of marketing services companies. DAS includes over 200 companies in the following marketing disciplines: specialty, PR, healthcare, CRM, events, promotional marketing, branding and research. Operating through a combination of networks and regional organizations, DAS serves international, regional, national and local clients through more than 700 offices in 71 countries.


    [1] PriceWaterhouseCoopers, "Changing the Game: outlook for the global sports market to 2015"

    For more information, contact:
    Harold Reid
    404-995-4511
    hreid@aimsportsrep.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/porter-novelli-and-aim-sports-reputation-management-launch-cybersecurity-offering-for-collegiate-and-professional-sports-300270166.html

    Porter Novelli

    Web site: http://www.porternovelli.com/




    Loton, Corp's LiveXLive Subsidiary Launches New HD Multi-Channel Digital Network in Advance of Worldwide Live Stream of Rock in Rio Music FestivalLiveXLive will present performances by Bruce Springsteen, Ariana Grande, Maroon 5, Avicii, Queen + Adam Lambert, Fergie, Hollywood Vampires, and many others

    LOS ANGELES, May 17, 2016 /PRNewswire/ -- Loton, Corp's LiveXLive subsidiary has launched an HD multi-channel digital network providing music fans around the world the ability to watch the biggest and best live music and lifestyle events in real time. The network will cover a wide range of events, ranging from festivals to concerts and venues, as well as curating content from the happenings in and around these events and showcasing material provided directly by artists. Users will be able to enjoy LiveXLive's growing portfolio of premium music content across all connected devices in addition to being able to share these experiences at any time via social links integrated into the video player.

    https://photos.prnewswire.com/prnvar/20160225/337602LOGO

    This launch comes in advance of the Company's global LIVE broadcast of all five days of Rock in Rio Lisbon, which begins on May 19 and will feature full performances by Bruce Springsteen, Ariana Grande, Maroon 5, Avicii, Queen + Adam Lambert, Fergie, Hollywood Vampires, among others, in addition to artist interviews and halo content. Rock in Rio is considered the world's greatest music and entertainment event having hosted 16 editions on three continents since its inception. The festival has more than 11 million followers on its social media platforms and is watched live in more than 200 countries worldwide.

    "After spending two years developing this platform and building a team of experts across music, mobile and media, we are pleased to release the LiveXLive video network, where fans can view live events around the globe with the touch of a finger," said Rob Ellin, LiveXLive Founder and Chairman. "In addition to our online network, we will launch our Mobile App in the third quarter of 2016 and revolutionize the way consumers experience live events around the world."

    "Ticket sales and sponsorships in the live music industry are growing at staggering rates and LiveXLive is uniquely positioned to capitalize on consumers' en masse shift towards mobile-content consumption as we quickly become the 'ESPN of music,'" added Schuyler Hoversten, Chief Revenue Officer of LiveXLive.

    In advance of the anticipated official launch of LiveXLive's mobile application, the Company will continue to acquire rights to top music festivals, nightlife performances and other live music, along with curated content to pair with LiveXLive's originally produced halo content, furthering the Company's goal of becoming the first independent global live music and lifestyle network. LiveXLive is taking the playbook from ESPN of thirty years ago, acquiring long-term global rights for the best in live music and curating content around these tentpole events. Along with homegrown original programming aimed at millennials, the network will allow hosts and influencers to take viewers behind the scenes of the music world, from backstage, to green-rooms, to red carpets, to going 'on the road' with artists. In order to facilitate growth, LiveXLive will create strategic and content-related partnerships, which already include Verizon (VZ), Rock in Rio, Tao, Marquee, The Saban Theatre, OneLive, as well as ownership of KOKO in London.

    About Loton, Corp (LIVX)
    Loton, Corp (LIVX.OB) is a parent company in the emerging live / digital music space. The company's LiveXLive subsidiary intends to be the world's first premium live music streaming network that will deliver around the clock live music to viewers on any connected device as an authentic and experiential platform. The platform will offer the broadcasts of the world's leading music festivals with multiday and multistage coverage, as well as unique concerts, intimate performances and cutting edge programming. This content will extend the live music experience to fans across the world via desktop, laptop, mobile, tablets, consoles, connected TVs and virtual reality platforms. The LiveXLive network expects to provide compelling and curated content that showcases the entire spectrum of music, as well as related content such as showcase-interviews, backstage access, perspective-pieces from both fans and musicians, and coverage of music-inspired fashion, food and lifestyle. LiveXLive will cover all genres of music, from rock to pop and indie to electronic, while featuring artists ranging from major festival headliners to emerging and local artists performing at clubs and venues around the globe.

    Forward Looking Statement
    Statements in this news release concerning future results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events are forward looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. These factors include uncertainties as to levels of orders, ability to record revenues, release schedules, market acceptance of new products, changes in economic conditions and market demand, pricing and other activities by competitors, and other risks including those described from time to time in the Company's filings on Forms 10-K and 10-Q with the Securities and Exchange Commission, press releases and other communications.

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/loton-corps-livexlive-subsidiary-launches-new-hd-multi-channel-digital-network-in-advance-of-worldwide-live-stream-of-rock-in-rio-music-festival-300270211.html

    Photo: https://photos.prnewswire.com/prnh/20160225/337602LOGO LiveXLive

    CONTACT: Business Inquiries: Schuyler Hoversten // Schuyler@livexlive.com;
    Media Inquiries: Michael Nyman // Michael.Nyman@pmkbnc.com,
    www.livexlive.com

    Web site: http://www.livexlive.com/




    IBM Enables Brands to Deliver the Next Wave of Consumer ExperiencesContinued Portfolio Expansion Features New Cloud and Cognitive Technologies that Personalize Customer Interactions

    ARMONK, N.Y. and TAMPA, Fla., May 17, 2016 /PRNewswire/ -- IBM today announced an expanded set of solutions and features including cognitive technologies that allow brands to help deliver relevant customer experiences. With these offerings marketers, merchandisers and e-commerce professionals can learn, predict and guide customer engagement at each step in their brand journey.

    http://photos.prnewswire.com/prnvar/20090416/IBMLOGO

    According to a new report from Nucleus Research, IBM delivers $15.82 return on investment (ROI) for every dollar spent on its marketing, sales, merchandising and analytics offerings(1) which today are being used by leading brands such as ING Direct, The Home Shopping Network (HSN) and Standard Life to meet the personalized, real-time needs of their customers.

    The importance of these experiences was highlighted in a recent IBM Study, "Redefining Markets," where 66 percent of CxOs stated they are interested in creating more digital, individualized experiences. However, these moments cannot be isolated at different times in the consumer/brand relationship.

    IBM is infusing cognitive technologies into the tools that practitioners work with today to help companies deliver these complete end-to-end customer experiences. These new offerings will leverage cognitive's ability to understand, reason and learn over time and in the end provide teams with the expert in-the-moment advice, insights and recommendations to help them make better, more informed decisions at each step in the brand journey.

    "Every customer is unique and has little tolerance for businesses that fail to recognize their specific interests, wants and needs," said Harriet Green, General Manager, Watson IoT, Commerce and Education, IBM. "Today we continue to invest in building our portfolio which includes new cognitive solutions that will help completely transform how companies serve each customer. Businesses will be able to quickly understand, reason and learn from every customer interaction - and put that knowledge to use to uncover new opportunities from insights."

    With IBM Real-Time Personalization, marketers will be able to deliver the right message and offer to customers. Part of the IBM Marketing Cloud, Real-Time Personalization understands that a person's preferences change over time and addresses this through its Cognitive Rule Adviser, which learns, advises and suggests the offer and message should be shared with each visitor. It then discovers which segments are responding best to each variation (broken down by factors such as age, geography, etc..) and through self-learning algorithms and analytics fine-tunes the experiences over time.

    For example, a sporting goods retailer identifies a customer whose site profile indicates they are interested in taking up cycling. Recognizing she's a novice, the site responds with deals on bikes and everything she needs to get started, all presented with visual images that help her make the right purchase. Through its cognitive technologies, the site later learns that her needs have shifted based on activity focused on nutrition for long-distance rides, automatically adapts and shares content on local races and nutrition recommendations as well as offers on foods items in the store.

    IBM also announced new cognitive technologies in Commerce Insights, which provide merchandizers with a real-time view of their business, specifically focused on how products and categories are performing. Now with new cognitive-powered category sequencing capabilities, the site automatically places products on a web page based on current demand and inventory and adapts the sequencing as sales and inventory levels change.

    Commerce Insights is also infusing cognitive into its anomaly detection capabilities so teams are automatically alerted to significant spikes and dips in sales and presented contributing factors such as inventory, promotional event, channel activities and soon input from social sentiment and competitive pricing.

    For example, Commerce Insights alerts the merchandiser that inventory on the new 4K TVs is running low. Through its cognitive category sequencing capabilities, it automatically re-order products on the site's page so the items with low inventory levels are dropped down until new shipments are received. Another alert identifies a top video game consoles that's not selling as projected and automatically discovers that the issue is caused by a shift in competitor pricing. With this insight, it recommends the retailer lower their offering price and shows what the resulting margin will be so they are prepared for a sudden surge in sales.

    "At Performance Bicycle, we are committed to creating experiences that are relevant for all of our customers, whether it's a recreational rider or an avid cyclist," said Carol Wentworth, SVP Marketing, Performance Bicycle. "By collaborating with IBM we will be seeing firsthand the capabilities of cognitive technology to serve as a critical advisor, recommending content for customers that is in-line with their interests, expertise level as well as their intent at a particular point in time."

    Driving Continued Client Innovation
    IBM helps the marketing, e-commerce practitioners and merchandising professionals achieve their unique goals through a comprehensive product portfolio that includes WebSphere Commerce. Today WebSphere Commerce, which recently celebrated its 20(th) anniversary, powers over 12,000 storefronts across the globe for retailers such as 1-800-Flowers and Carhartt. In addition to WebSphere Commerce IBM continues to innovate other components of its portfolio including:

    --  Performance Insights: Part of the IBM Marketing Cloud, Performance
    Insights automatically monitors, measures and predicts a campaign's
    performance in near real-time, alerts teams when an offer or campaign
    message is not resonating then provides insights into the causes all in
    context.
    --  IBM Customer Experience Analytics: Integrates Tealeaf with Journey
    Analytics, Digital Analytics, and customer behavior analytics
    capabilities, giving brands a new layer of contextual insights into the
    customer's entire journey.
    --  Universal Behavior Exchange (UBX): UBX differentiates IBM Marketing and
    Customer Analytics solutions through an open ecosystem where clients can
    easily leverage customer data to enhance multi-channel experiences.
    Ensighten, the newest IBM Business Partner to join UBX, brings
    integration with over 1,000 marketing technology vendors which will add
    additional new insights that can help drive successful campaign
    performance.
    

    Please join us for a Livestream press conference on this news today, May 17 at 1:00pm EST. You can access the Livestream here. The press conference will be hosted by Harriet Green, General Manager, Watson IoT, Commerce and Education.

    For more information, please click here and follow on Twitter at #ibmamplify.

    1. Nucleus Research: Enterprise Applications Research Note, Document Q82, May 2016

    For More Information
    Douglas Fraim
    IBM Media Relations
    617-501-6376
    dfraim@us.ibm.com

    Lizette Kodama
    IBM Media Relations
    646-675-0750
    lkodama@us.ibm.com

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ibm-enables-brands-to-deliver-the-next-wave-of-consumer-experiences-300270132.html

    Photo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO IBM

    Web site: http://www.ibm.com/

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