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Lakeland Industries Provides Update on Business Activity Relating to Ebola Crisis

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RONKONKOMA, New York /PRNewswire/ — Lakeland Industries, Inc. (NASDAQ: LAKE), a leading global manufacturer of industrial protective clothing for industry, municipalities, healthcare and to first responders on the federal, state and local levels, today provided the following update on recent business activities and corporate developments.

Logo – http://photos.prnewswire.com/prnh/20120611/NY21959LOGO

In anticipation of the worsening of the Ebola crisis, on September 12 the Company announced its intent to increase manufacturing capacity for specialty protective suits to be worn by healthcare workers and others being exposed to Ebola.  The Company has been experiencing significant interest globally for its ChemMAX® and MicroMAX® protective suit lines.   Manufacturing of select lines of these garments involves proprietary processes for specialized seam sealing, a far superior technology for protecting against viral hazards including infected body fluids than non-sealed products.  Lakeland accelerated its capital investment program for new machinery to accommodate higher levels of output and increased its spending for raw materials and the hiring and training of manufacturing personnel to address the increase in product demand.

“Recent developments have enabled us to strengthen our balance sheet, increase forward cash flow from the elimination of interest service on expensive debt, and increase production capacity to contribute to the fight against the spread of Ebola which has led to a material improvement in our business,” said Christopher J. Ryan, CEO of Lakeland Industries, Inc.  “At the same time, we have also been experiencing an improvement in operating conditions for the balance of our business globally.  I am very proud of the way the worldwide team of Lakeland Industries has responded to the Ebola crisis while continuing to provide the highest level of service and quality garments to our traditional customers.”

Monthly production capacity for sealed seam ChemMAX and MicroMAX protective suit lines has increased by nearly 50% from August 2014, prior to Ebola-related product demand, to October 2014, and is on track for a 100% increase from that level by January 2015, with the ability for additional increases as needed.  Substantially all of the available production capacity in August 2014 had been allocated to purchases by the Company’s industrial customers (for non-Ebola related purposes).  The Company will continue to service its industrial customers who are dependent upon Lakeland to conduct their work safely.  The expanded capacity is necessary in order to meet obligations for both traditional customers as well as for protection against the spread of Ebola.

Through its direct sales force and numerous distribution partners throughout the world, Lakeland has secured new orders relating to the fight against the spread of Ebola.  Orders have been received from government agencies around the world as well as other public and private sector customers.  Certain of these contracts require weekly delivery guarantees or shipments through the first calendar quarter of 2015.  The aggregate of orders won by Lakeland that are believed to have resulted from the Ebola crisis amount to approximately 1 million suits with additional orders for other products, such as hoods, foot coverings and gloves.  Lakeland started shipping such orders only in October, which is the end of its fiscal 2015 third quarter reporting period.  The main impact from Ebola-related orders received to date will not be realized until the Company’s fiscal 2015 fourth quarter ended January 31, 2015.

Furthermore, the Company is presently participating in bidding on numerous customer requests for additional quantities.  This additional amount may not reflect any of the global requirements for preparedness strategies to be implemented by governments and healthcare organizations resulting from the crisis in anticipation of future contagion scenarios.  It is important to note that product demand in crisis and emergency situations is very difficult to predict, and the Company makes no assurances of its ability to win additional business.

Lakeland remains committed to participating in the fight against the spread of Ebola.  The Company’s global workforce and management team have been vigilant in responding to an unprecedented level of inquiries and in ramping production to meet delivery requirements.  For additional product information or to place an order, please visit www.lakeland.com or contact customer service:

United States at +1-256-350-3873
Argentina at +54-11-4897-5760
Brazil at +55-11-3613-3700
Canada at 800-489-9131
Chile at +562-551-8562
China at +010-6437-9226
India at +91-8447556757
Mexico at 800-837-9236
Russia at +7-495-775-72-64
UK at +44-14304-78140

About Lakeland Industries, Inc.:
Lakeland Industries, Inc. (NASDAQ: LAKE) manufactures and sells a comprehensive line of safety garments and accessories for the industrial protective clothing market.  The Company’s products are sold by a direct sales force and through independent sales representatives to a network of over 1,200 safety and mill supply distributors. These distributors in turn supply end user industrial customers such as chemical/petrochemical, automobile, steel, glass, construction, smelting, janitorial, pharmaceutical and high technology electronics manufacturers, as well as hospitals and laboratories. In addition, Lakeland supplies federal, state, and local government agencies, fire and police departments, airport crash rescue units, the Department of Defense, the Centers for Disease Control and Prevention, and many other federal and state agencies.  For more information concerning Lakeland, please visit the Company online at www.lakeland.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:  Forward-looking statements involve risks, uncertainties and assumptions as described from time to time in Press Releases and Forms 8-K, registration statements, quarterly and annual reports and other reports and filings filed with the Securities and Exchange Commission or made by management.  All statements, other than statements of historical facts, which address Lakeland’s expectations of sources or uses for capital or which express the Company’s expectation for the future with respect to financial performance or operating strategies can be identified as forward-looking statements.  As a result, there can be no assurance that Lakeland’s future results will not be materially different from those described herein as “believed,” “projected,” “planned,” “intended,” “anticipated,” “estimated” or “expected,” or other words which reflect the current view of the Company with respect to future events.  We caution readers that these forward-looking statements speak only as of the date hereof.  The Company hereby expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company’s expectations or any change in events conditions or circumstances on which such statement is based.

Any customers referenced or implied through reference in this press releases does not represent an endorsement of Lakeland Industries or its products.

Source: Lakeland Industries, Inc.

Written by asiafreshnews

November 3, 2014 at 2:27 pm

Posted in Uncategorized

Social Matters Hong Kong Reveals the Secrets to Powerful Content for Brands

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-The digital space is changing. As brands, advertisers and creators, how do we change with it and push boundaries?

HONG KONG /PRNewswire/ — Over 25 of the biggest global social media specialists and content creators gathered for Social Matters Hong Kong. Over 400 delegates discovered how to create compelling content, stimulate interaction and accelerate brands across social media.

#socialmatters saw over 3,000 posts, with the event’s opening post reaching over 800 re-tweets. Total impressions reached over 12 million across the day.

The event focused on three major topics critical to successful digital strategies: content creation and distribution, mobile marketing and measuring the ROI of great digital campaigns.

Among the many highlights included a session from Zach King “The King of Vine.”

With over 2 million Vine followers and 1.4 million Instagram followers, Zach cited three questions to ask before creating social content:

  • Curiosity — does it inspire wonder?
  • Clean — can everyone watch it?
  • Contagious — is it worth sharing?

“Emergent new platforms force brands to create large amounts of quality content quickly,” said Thomas Crampton, Global Managing Director at Social@Ogilvy. “The right tools can help brands accelerate and improve the quality of content.”

For event details visit Social Matters, or connect with us at www.facebook.com/socialogilvywww.twitter.com/matterssocial

About All That Matters & Social Matters

The award winning All That Matters is the only Business2Business2Fan event in Asia that brings Music, Digital, Social and Sponsorship Matters together alongside bands and YouTubers.

A joint venture between Branded and Social@Ogilvy, Social Matters is Asia’s only executive-level business event for brands to critically examine the use of social media as a powerful business tool.

www.allthatmatters.asia

About Social@Ogilvy

Social@Ogilvy is the world’s largest network of social media strategists. Named 2013 Global Digital/Social Consultancy of the Year by The Holmes Report, the practice leverages social media expertise across all Ogilvy & Mather disciplines, offering an extensive list of services and business solutions.

About Branded

Branded is a leading Asian media and entertainment events producer and runs the award-winning All That Matters event series. Branded has created successful branded partnerships with a number of the world’s top entertainers including the Rolling Stones, Coco Lee, and the Black Eyed Peas.

Sarah Edwards
Corporate Communications Director, APAC Ogilvy & Mather, Hong Kong
D: +852-2884-8611

Anna Mugglestone
Marcom Director, Hong Kong 
D: +852-2884-8685

Source: Social@Ogilvy Hong Kong

Written by asiafreshnews

November 3, 2014 at 2:14 pm

Posted in Uncategorized

Tyco Strengthens Local Capabilities to Fit the Unique Vertical Markets Needs

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SHANGHAI, Oct. 28, 2014 /PRNewswire/ — Tyco, the world’s largest pure-play fire and security company, today participated in the 12th China International Exhibition on Public Safety and Security (Security China), showcasing its industry solutions including Physical Security Information Management (PSIM) platform for Banking & Finance, Airports, Oil & Gas, Railway Transportation, Intelligent Building, and Logistics. The company demonstrated its wide product portfolio with industry leading technologies, especially Tyco’s integrated solutions customized and catered for key vertical segments that enable local customers with extraordinary safety and security experience. Some of the key highlights are:

Banking and finance solutions are specifically designed for banking branches, auto teller machines (ATM), server rooms and bank offices that include CCTV system, access control system, electronic article surveillance (EAS), intruder alarm system, alarm monitoring service, wireless identification system and system integration
Airport security management solutions are tailored to the airport’s dynamic and critical environment. Some of the key solutions and features integrate video surveillance and threat detection, access control and integrated security management, physical security information management, store loss prevention and intelligent fire alarm system
Overall solutions for petrochemical industry include unique solutions that combine and handle intruder detection, critical asset protection, access control system, alarm alerting, K-grade hydraulic door, video surveillance, remote offline monitoring and real-time location system
Intelligent building solutions unify safety and security measures with building controls into overall security system, and they enable ELV assembly, energy savings, after-sales services, access control, lighting control and intelligent monitoring through central management interface
Surveillint(TM) (PSIM) emergency command and control platform, a leading crisis and situation management solution in physical and logical security, integrates and connect existing core systems and technologies into a centralized command and control center to ensure that all events and data information are now centralized and integrated from separate silo systems. It then analyzes centralized and collated data and forwards right info to right people using unified process and security policies. It ultimately directs and controls actions to quickly respond to an incident or emergency while providing recorded evidence and management reports
“In the past 30 years, Tyco has been serving China market, providing the class-leading security protection for cities, governments, enterprises, households and individuals,” said Benny Goh, President, Tyco Asia. “With the advancements and developments in Safe and Smart City, the security industry in China has come to a critical stage of growth. Continued urbanization and infrastructure investments bring more opportunities to the Fire and Security industry in China. Tyco will continue to strengthen our China commitment by addressing four strategic areas aimed at driving growth: Think Global & Act Local focused on vertical market growth leveraging on Integrated Solutions, Local Talent Development, Customized Offerings, and Strategic Partnerships.”

“As a industry leader in fire and security, Tyco is committed to create integrated solutions to fit the unique needs of vertical markets and help our customers improve their business operation in smarter and more efficient ways. With our broad product portfolio, extensive industry experiences globally, and world-class R&D capabilities and talent, we will further drive vertical market developments and expand into tier-2 and tier-3 cities. Together with our strategic partners, we will provide seamless security experiences for a broader customer base,” Roger Fei, General Manager of Tyco Security, China, added.

ABOUT TYCO

Tyco is the world’s largest pure-play Fire Protection and Security Company. Tyco provides more than three million customers around the globe with the latest fire protection and security products and services. A company with $10+ billion in revenue, Tyco has more than 57,000 employees in more than 1,000 locations across 50 countries serving various end markets, including commercial, institutional, governmental, retail, industrial, energy, residential and small business.

For more information, visit the China website: http://www.tyco.cn

Written by asiafreshnews

November 3, 2014 at 11:09 am

Posted in Uncategorized

New Season Automation Range Now in Stock at RS Components

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-Latest PLC and HMI innovations from leading manufacturers take efficiency, space savings, flexibility, and ease of use to the next level

HONG KONG, Oct. 30, 2014 /PRNewswire/ — RS Components (RS), the trading brand of Electrocomponents plc (LSE:ECM), the global distributor for engineers, is unveiling its latest collections of industrial logic controllers and HMI modules from top brands, delivering improvements such as compact sizes, new features, reduced installation time, and lower costs for machine and panel builders and equipment maintainers.

RS276-PLCs and HMIs
RS276-PLCs and HMIs

RS is introducing the latest Programmable Logic Controllers (PLCs) from Schneider Electric and Omron, and will add further new models from Siemens and Crouzet before the end of the year.

Newly arrived in stock, Schneider Modicon M221 logic controllers minimise installation challenges by integrating SD and USB ports, two analogue inputs and up to 40 I/Os, while the choice of either standard or book formats give maximum versatility. The M221 PLCs can connect to a simple remote operator panel for instant maintenance and machine visualisation.

In addition, the Modicon PLC range at RS is boosted with the arrival of the M241 for high-performance applications. M241 has five embedded ports, supports CANopen for fieldbus architectures up to 63 devices, and features a built-in web server to allow monitoring and maintenance from any location using a mobile device. A wide range of I/O expansion modules and safety relays is also available.

The new Omron CP1L series delivers the capabilities of a modular PLC in a compact micro-PLC format. It provides comprehensive machine-control functions including outstanding positioning capability, with powerful options such as an embedded Ethernet port with socket services functionality, communication and I/O expansion boards, and the advantages of application compatibility with CP1H, CJ1, and CS1 PLCs.

Now also in stock at RS, the new NB HMI series from Omron enables a smart new look for user interfaces, and includes colour touchscreens from 3.5 to 10 inches. Long-life LED backlighting and large data storage support richer graphics, while improved window handling, animation support, and macros help designers create new and intuitive designs optimised for packaging, food, plastics, textiles or other industries.

Completing the first wave of the new technology refreshing the RS portfolio, the Schneider Modicon M580 is the world’s first Ethernet PAC (ePAC) automation controller. Bringing the benefits of open networking to process development, implementation and operation, the new M580 has built-in cyber security and also benefits from ATEX II certification for use in environments where gas or dust hazards are present. M580 is ideal for installations using Schneider’s PlantStruxure integrated automation architecture, which helps increase efficiency.

RS Components currently has over 3000 PLC, HMI and data-acquisition products in its portfolio, and will reveal further updates to the range supporting next-generation industrial automation systems later in the year.

About RS Components

RS Components and Allied Electronics are the trading brands of Electrocomponents plc, the global distributor for engineers. With operations in 32 countries, we offer around 500,000 products through the internet, catalogues and at trade counters to over one million customers, shipping more than 44,000 parcels a day. Our products, sourced from 2,500 leading suppliers, include semiconductors, interconnect, passives and electromechanical, automation and control, electrical, test and measurement, tools and consumables.

Electrocomponents is listed on the London Stock Exchange and in the last financial year ended 31 March 2014had revenues of GBP1.27bn.

For more information, please visit the website at www.rs-components.com.

RS Components
Tan Soo Chun
Public Relations Manager – Asia Pacific
Email: soochun.tan@rs-components.com
Telephone: +65-6391-5745

Edelman Public Relations (Singapore)
Yvette Yeo
Manager
Email: yvette.yeo@edelman.com
Telephone: +65-6347-2355

Further information is available via these links:
@RSElectronics; @alliedelec; @designsparkRS
RS Components on Linkedin
http://www.linkedin.com/company/rs-components

RS Components on Weibo
http://e.weibo.com/u/3206377000?type=0

Relevant Links:
Electrocomponents plc
www.electrocomponents.com

RS Components
www.rs-online.com/

DesignSpark
www.designspark.com

Photo – http://photos.prnasia.com/prnh/20141028/8521406296
Logo – http://www.prnasia.com/sa/2011/05/04/20110504368830.jpg

Source: RS Components Singapore

Related stocks: LSE:ECM OTC-PINK:EENEY

Written by asiafreshnews

November 3, 2014 at 11:03 am