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Archive for February 11th, 2015

Saxo Continues Partnership With Lotus F1 Team and Romain Grosjean in 2015

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HELLERUP, Denmark, Feb. 9, 2015 /PRNewswire/ — Saxo Bank, the online multi-asset trading and investment specialist, today announces that it is extending its partnership with Lotus F1 Team and Romain Grosjean for the 2015 season.

As part of the partnership package, Saxo Bank’s logo will be placed on the inner side of the rear wing of the iconic black and gold Lotus F1 Team car, the E23 Hybrid.

Besides the hospitality package, which will give Saxo Bank unique opportunities to invite clients to the exclusive Paddock Club during F1 races, the partnership deal includes visits to the Lotus F1 Team factory to watch GP2 Driver Marco Sørensen simulate an F1 race, as well as tickets for GP2 VIP events. The Lotus F1 Team brand will also be harnessed through Saxo Bank’s promotions.

Matthew Carter, Lotus F1 Team, CEO, said:

“Saxo Bank is a fantastic partner whose values very closely match our own. We began our relationship at the start of 2014 with Saxo Bank as Official Business Partner, and the relationship has subsequently grown and strengthened thanks to Saxo’s commitment and the value they gain from the partnership. For us, 2015 is the season where we intend to bounce back and everyone is very excited about our new car, the E23 Hybrid, and our new partnership with Mercedes AMG High Performance Powertrains. Saxo Bank is a vital part of this fight back against more established and bigger players in our field, helping to cement us as an effective challenger brand .”

In a joint statement Kim Fournais and Lars Seier Christensen, Co-founders and Co-CEOs of Saxo Bank, said:

“Saxo has established fruitful relationships with two of the world’s most popular sports – motor racing and cycling – and we are proud to continue our support in 2015 to both Tinkoff-Saxo and Lotus F1 Team. Lotus F1 Team has emerged as a genuine challenger seizing opportunities in a sport dominated by bigger and more established players and as such is a natural fit for Saxo Bank’s sponsorship strategy.

“Motor sport is important to the bank as it supports markets where cycling doesn’t resonate as strongly in particular in Latin America, Middle East and Southeast Asia. We look forward to supporting Lotus F1 Team trackside with our local clients.”

In January, Saxo Bank announced it would sponsor GP2 driver, Marco Sørensen, as well as Lasse Sørensen, winner of the 2014 French F4 Championship. Saxo Bank has sponsored Marco Sørensen since 2014. Marco switched to GP2 from Formula Renault 3.5 Series mid last season and achieved his maiden GP2 victory inOctober 2014. Lasse, Marco’s 18 years old brother, is regarded as the emerging talent in Danish motor racing and is Manor MP Motorsport’s second signing for its Eurocup Formula Renault 2.0 team.

The partnership deal with Lotus F1 Team and the Sørensen brothers marks a continuation of Saxo Bank’s allegiance with the sporting world, having sponsored the UCI ProTour cycling team Tinkoff-Saxo and Riis Cycling (now Tinkoff Sport) since 2008.

About Saxo Bank

Saxo Bank is an online multi-asset trading and investment specialist, offering private investors and institutional clients a complete set of tools for their trading and investment strategies. Its financial community portal,TradingFloor.com, is the first multi-asset social trading platform. A fully licensed bank in Europe under supervision of Danish FSA, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives on our award-winning SaxoTrader platform, accessible on PCs, tablets or smartphones through a single account and available in more than 20 languages. The platform is white-labelled by more than 100 major financial institutions worldwide. Saxo Bank also offers professional portfolio and fund management as well as traditional banking services through Saxo Privatbank. Founded in 1992, Saxo Bank is headquartered inCopenhagen and has offices in 26 countries throughout Europe, Asia, the Middle East, Latin America, Africa andAustralia.

http://www.saxobank.com

Source: Saxo Bank

Written by asiafreshnews

February 11, 2015 at 5:48 pm

Posted in Uncategorized

Grand Aurora Adventure Voted One of the Best Northern Lights Trips for 2015

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BATH, England, February 9, 2015 /PRNewswire/ —

A new Northern Lights adventure launched by Off the Map Travel has been recognised as one of the most exciting new active adventure holidays in 2015 by leading travel experts.

(Photo: http://photos.prnewswire.com/prnh/20140915/706081 )

The Grand Aurora adventure allows guests from Singapore to experience the ultimate Northern Lights journey across Scandinavia, visiting world-famous Aurora-spotting destinations and chasing the lights across Norway,Sweden and Finland .

Every winter the Northern Lights, or Aurora Borealis as they are otherwise known, light up the Arctic skies across northern Europe in a breathtaking and magical light display caused by solar particles directed at Earth from the Sun. As the Sun is still in the Solar Maximum, a period of heightened activity, there is no better time to be amazed by this spectacular event.

Jonny Cooper, director of Off the Map Travel and Aurora travel expert, explains: “This is a real gem for those who have always dreamed of an Arctic adventure to see the Northern Lights. With the opportunity to not only hunt for Aurora displays across Lapland, guests will also have the chance to do everything from reindeer and dog sledding to visiting the ICEHOTEL, and the chance to learn Aurora photography with a world renowned photographer.”

Departing in March 2015 and spread over ten nights accompanied by an expert guide, the adventure starts on the Norwegian coast in Tromso, before turning south to the mountains of Bjorkliden and Abisko in Sweden, finishing with a special stop in the remote wilderness of Kilpisjarvi in Finland. “We wanted to create the ultimate opportunity for those looking to see the Northern Lights and we are really proud that this has been recognised as one of the top active adventure trips of 2015 by the experts at Wanderlust Magazine,” added Cooper.

Offering comfort from some of the best places to stay in the Arctic, this is thought to be the most comprehensive Northern Lights tour on the market – a perfect way to tick off the experience that tops numerous ‘bucket list’ polls.

An incredible ten-night small group guided Grand Aurora tour with Off the Map Travel costs £5,999 per person not including flights. The Grand Aurora includes an expert guide, accommodation on a half board basis, reindeer sledding, a Tromso guided city walk, Northern Lights dinner cruise, an Arctic experience, Alaska trapper dogsledding tour, Lights Over Lapland Aurora and photography evening, Aurora Sky Station trip, a visit to the ICEHOTEL, a three border point snowmobile trip, Northern Lights tour in a snowmobile-pulled sled and a reindeer and culture tour.

For more information about The Grand Aurora tour, Northern Lights adventures or luxury adventure travel visithttp://www.offthemaptravel.sg, call +441761-255007 or email info@offthemaptravel.co.uk

Source: Off the Map Travel

Written by asiafreshnews

February 11, 2015 at 4:54 pm

Posted in Uncategorized

‘UAE Drones for Good Award’ Announces Winner of US$1 Million International Prize

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DUBAI, UAE, Feb. 9, 2015 /PRNewswire/ — The winners of the first ‘UAE Drones for Good Award’, the largest award of its kind in the world, were announced today in the presence of His Highness Mohammed bin Rashid Al Maktoum, UAE ministers and international dignitaries. The competition, launched at the 2014 Government Summit, took place in Dubai Internet City in front of a large crowd of visitors. The Government Summit focuses on how technology will radically reshape government and public services through the introduction of drones, robotics and other innovations; the 2015 Summit, occurring 9-11 February, will feature exciting new initiatives.

Flyability from Switzerland won the US$1 million grant in the International Competition. The Flyability team has developed Gimball, a drone that can enter confined spaces and safely fly close to humans, proving to be highly effective in rescue missions. It is protected by a rotating cage which makes it capable of colliding with obstacles in challenging environments without losing its stability.

Flyability team lead Patrick Thevoz said, “We struggled to find funding to develop our search and rescue drone but this UAE Government Summit initiative, Drones for Good, means we can commercially develop our project within a year, and with Flyability able to go where it is dangerous for rescuers, help save lives.

“The Drones for Good Award is the first of its kind. It is inspirational, because while there are many awards for academic research there aren’t many for the social application of new technology. It allows passionate teams like us to move forward and make this a reality. The Drones for Good Award is a unique opportunity to help people realize that these flying machines are capable of positively impacting society,” he added.

Over the course of the two-day event, 39 semi-finalists in three categories presented live demonstrations of their projects to a panel of international judges. There was also a division for national competitors who won AED 1 million.

“The UAE Drones for Good Award is a tangible outcome of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum to make optimal use of innovation and technology for the service of humanity. The UAE Drones for Good award exemplifies our commitment to setting global benchmarks in this endeavor,” said His Excellency Mohammed Abdullah Al Gergawi, UAE Minister of Cabinet Affairs.

“I congratulate the winners of this great competition, which showed the amazing ways we can use drones for good. All the entries have the capability to transform the world to make it a better place to live in and we are optimistic that they will continue to inspire new breakthroughs,” H.E. Al Gergawi added.

The winners of the UAE Government Entities Award and the National Competition were Etisalat and Wadi Drones respectively.

More information about the Drones for Good competition is available at http://www.dronesforgood.ae and more information on the Government Summit is available here http://www.thegovernmentsummit.org/en.

Source: The Prime Minister’s Office of the United Arab Emirates

Written by asiafreshnews

February 11, 2015 at 4:30 pm

Posted in Uncategorized

Countdown to the World’s Most Important Trendsetting Show – Baselworld 2015!

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BASEL, Switzerland, Feb. 10, 2015 /PRNewswire/ — As the countdown clock ticks down, all the world’s eyes are focused on Baselworld 2015 – the annual highlight for the sector, the show that provides the inspiration for the watch and jewellery industry. From 19 to 26 March, 2015, the world’s attention will focus on Basel as more than 150,000 attendees and 4,000 press representatives from everywhere converge on this city to experience the innovations and creations that will set the trends for the coming year.

THE MOST IMPORTANT MARKETPLACE AND GLOBAL TRENDSETTING SHOWCASE

The undisputedly most important marketplace and trendsetting event for the world’s watch and jewellery industry, Baselworld brings together the biggest and most prestigious brands in the world, emerging design talent, the finest retailers and the global press. Every year, 1,500 brands from 40 countries choose Baselworld as the main platform to showcase their innovations, creations and latest collections in spectacularly designed multi-storey pavilions on 141,000m2. But Baselworld goes beyond the world of watches and jewellery as it is also the leading global event for diamonds, gemstones and pearl merchants as well as machinery and other suppliers to the industry. The famous London Jewelers from the USA have been visiting Baselworld for over 30 years because it is the foremost show in the world for the presentation of the latest watch and jewellery collections. “Attending Baselworld is a number one priority for our team,” say Mark Udell, CEO, and Candy Udell, President, of London Jewelers, because that’s where “we always discover the latest collections available which we can then present to our discerning clientele back home.” In their opinion, “it is important to be one step ahead and Baselworld makes this possible.”

INSIDER ACCESS TO THE LATEST TRENDS RELAYED AROUND THE WORLD

The newsworthiness of Baselworld is no better established than by the fact that more than 4000 of the world’s financial press, major dailies, lifestyle publications, all of the trade press and biggest TV channels descend every year to cover the show and provide millions around the globe access to the trendsetting creations and innovations that are shown exclusively at Baselworld. Everyone from magazine editors seeking to discover cutting-edge trends and innovative designs to bloggers who deliver up-to-date editorials to consumers in every corner of the planet, they all contribute to creating an unrivalled global impact and underlining the show’s premier position for the watch and jewellery industry.

BASELWORLD 2015 WILL BE HELD FROM 19 – 26 MARCH 2015.

Press Contact

Loraine Stantzos

Phone:

+41(0)582062264

Internet

http://baselworld.com

E-mail

press@baselworld.com

Facebook

http://facebook.com/baselworld

Twitter

http://twitter.com/baselworld

Weibo

http://weibo.com/baselworld

Picture material for Baselworld is available to download free of charge at: http://baselworld.com

Source: BASELWORLD / MCH Group

Written by asiafreshnews

February 11, 2015 at 4:28 pm

Posted in Fashion

DHL Global Forwarding appoints Michael Dhu as new head for New Zealand

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-Michael Dhu returns to Asia Pacific as the region sees robust multi-trade lane growth

AUCKLAND, New Zealand /PRNewswire/ — DHL Global Forwarding, leading provider of air, sea and road freight services in Europe and Asia, has appointed Michael Dhu as its new country manager for New Zealand with effect from 1 February 2015. Formerly Head of Sales Steering at DHL’s global head office in Germany, Michael is returning to his home region to take up the new post where he was the National Sales Manager for DHL Global Forwarding Australia from 2005 to 2009. He will report to Tony Boll, CEO, DHL Global Forwarding South Pacific.

Michael Dhu, Country Manager, DHL Global Forwarding New Zealand
Michael Dhu, Country Manager, DHL Global Forwarding New Zealand

Kelvin Leung, CEO, DHL Global Forwarding Asia Pacific said: “Global trade is on the move again and according to IHS, exports went up 4.4 percent in the third quarter of 2014 compared to 2013[1]. DHL is seeing customer volumes increase on many trade lanes, especially in Asia Pacific and as a result, we need strong country leadership and sales teams that can maximize the opportunities out there for DHL. We are delighted that Michael, with his sales and management expertise, is rejoining our leadership team in the region at this exciting time.”

An Australian with more than 26 years of experience in national, regional and global roles in the logistics industry, Michael spent the past five years as Vice President, Global Head of Sales Steering, overseeing the development and execution of strategies needed to optimize sales performance across DHL Global Forwarding. He masterminded a series of key changes across DHL’s global sales structure including CRM implementation, bid process redesign and performance metrics redesign. He also led the roll-out of the Certified International Forwarder (CIF) program launched in mid-2014.

Michael joined the logistics industry in 1989 in Australia, building a portfolio of expertise across Asia Pacificincluding New Zealand, before joining Danzas AEI that became DHL Global Forwarding. Before relocating to Bonn, he was National Sales Manager for DHL Global Forwarding in Australia.

Tony Boll, CEO, DHL Global Forwarding South Pacific said: “With Asia Pacific showing the most marked trade improvement compared to other regions, we see that capacity is tightening and demand is rising. In this scenario, Michael’s experience will be invaluable as we strive to meet and exceed customers’ crucial shipping needs across all industry sectors.

During his career, Michael has demonstrated excellence in managing different global projects at various stages of growth, development, strategy execution, operational transformation and performance tracking. In New Zealand, Michael inherits a skilled and motivated team whose opportunities for success will be magnified under his knowledge and leadership.”

Michael Dhu, Country Manager, DHL Global Forwarding New Zealand said: “I am delighted to lead the Global Forwarding business in New Zealand, an assignment which will bring me back to my home region where I first started my career in logistics. With the depth of experience in doing business in South Pacific and managing projects in global strategy development, business transformation and implementation, I look forward to leading the team to deliver greater business value for our customers and winning in the marketplace with a capable and enthusiastic team.”

Michael is presently completing a Master’s degree in Business Administration (MBA) from the University of New South Wales.

– End –

DHL The Logistics company for the world

DHL is the global market leader in the logistics and transportation industry and “The logistics company for the world”. DHL commits its expertise in international express, national and international parcel delivery, air and ocean freight, road and rail transportation as well as contract and e-commerce related solutions along the entire supply chain. A global network composed of more than 220 countries and territories and around 315,000 employees worldwide offers customers superior service quality and local knowledge to satisfy their supply chain requirements. DHL accepts its social responsibility by supporting environmental protection, disaster management and education.

DHL is part of Deutsche Post DHL. The Group generated revenues of more than 55 billion euros in 2013.

For more information: www.dpdhl.com

Photo – http://photos.prnasia.com/prnh/20150209/8521500624
Logo – http://www.prnasia.com/sa/2010/09/02/20100902467742-l.jpg

[1] World–Merchandise Exports, Growth, Quarterly; Forecast: September 2014; Copyright © IHS, 2014. All rights reserved.

Source: DHL
Related Links:

Written by asiafreshnews

February 11, 2015 at 4:15 pm

Posted in Uncategorized

Qualcomm and China’s National Development and Reform Commission Reach Resolution

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— NDRC Accepts Qualcomm’s Rectification Plan –
— Qualcomm Raises Midpoints of Fiscal 2015 Revenue and Non-GAAP EPS Guidance –
SAN DIEGO, Feb. 10, 2015 /PRNewswire/ — Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has reached a resolution with China’s National Development and Reform Commission (NDRC) regarding the NDRC’s investigation of Qualcomm under China’s Anti-Monopoly Law (AML). The NDRC has issued an Administrative Sanction Decision finding that Qualcomm has violated the AML. Qualcomm will not pursue further legal proceedings contesting the NDRC’s findings. Qualcomm has agreed to implement a rectification plan that modifies certain of its business practices in China and that fully satisfies the requirements of the NDRC’s order. Although Qualcomm is disappointed with the results of the investigation, it is pleased that the NDRC has reviewed and approved the Company’s rectification plan. The following are the key terms of the rectification plan:

Qualcomm will offer licenses to its current 3G and 4G essential Chinese patents separately from licenses to its other patents and it will provide patent lists during the negotiation process. If Qualcomm seeks a cross license from a Chinese licensee as part of such offer, it will negotiate with the licensee in good faith and provide fair consideration for such rights.
For licenses of Qualcomm’s 3G and 4G essential Chinese patents for branded devices sold for use in China, Qualcomm will charge royalties of 5% for 3G devices (including multimode 3G/4G devices) and 3.5% for 4G devices (including 3-mode LTE-TDD devices) that do not implement CDMA or WCDMA, in each case using a royalty base of 65% of the net selling price of the device.
Qualcomm will give its existing licensees an opportunity to elect to take the new terms for sales of branded devices for use in China as of January 1, 2015.
Qualcomm will not condition the sale of baseband chips on the chip customer signing a license agreement with terms that the NDRC found to be unreasonable or on the chip customer not challenging unreasonable terms in its license agreement. However, this does not require Qualcomm to sell chips to any entity that is not a Qualcomm licensee, and does not apply to a chip customer that refuses to report its sales of licensed devices as required by its patent license agreement.
In addition, the NDRC imposed a fine on the Company of 6.088 billion Chinese Yuan Renminbi (approximately $975 million at current exchange rates), which Qualcomm will not contest. Qualcomm will pay the fine on a timely basis as required by the NDRC.

“We are pleased that the investigation has concluded and believe that our licensing business is now well positioned to fully participate in China’s rapidly accelerating adoption of our 3G/4G technology,” said Derek Aberle, president of Qualcomm. “We appreciate the NDRC’s acknowledgment of the value and importance of Qualcomm’s technology and many contributions to China, and look forward to its future support of our business in China.”

“Qualcomm has played an important role in the success of the mobile and semiconductor industries in China for many years, and we look forward to building upon this foundation as we grow our investments, engagement and business in China,” said Steve Mollenkopf, CEO of Qualcomm. “We are pleased that the resolution has removed the uncertainty surrounding our business in China, and we will now focus our full attention and resources on supporting our customers and partners in China and pursuing the many opportunities ahead.”

Qualcomm is proud to have contributed extensively for many years to the growth and success of the mobile and semiconductor industries in China, and plans to continue to grow its investments and collaborations going forward, including with China’s mobile operators and handset and other device suppliers, and within the Chinese semiconductor sector. Some recent examples of these investments and support include:

Providing extensive engineering assistance and support to China’s mobile operators in rolling out their 4G LTE networks in China.
Working closely with Chinese handset manufacturers to build their businesses both inside and outside of China as they seek to become top global brands and leading global suppliers of smartphones.
Expanding Qualcomm’s longstanding relationship with Semiconductor Manufacturing International Corporation (SMIC), one of China’s largest and most advanced semiconductor foundries, which has led to SMIC’s major milestone of producing high-performance, low-power mobile processors using cutting-edge advanced 28nm technology.
Creating a China-specific investment fund of $150 million to further the development of mobile and semiconductor technologies, including initial investments from the fund in five innovative Chinese companies.
Fiscal 2015 Guidance Update

Qualcomm is also updating its financial guidance for fiscal year ending September 27, 2015. The following estimates are based on our current business outlook:

Revenues: estimated to be $26.3 billion to $28.0 billion compared to our prior guidance range of $26.0 billion to $28.0 billion.
GAAP diluted earnings per share: estimated to be $3.56 to $3.76 (which includes an approximately $975 million charge, or $0.58 per share, related to the fine imposed by the NDRC), compared to our prior guidance range of $4.04 to $4.34.
Non-GAAP diluted earnings per share: estimated to be $4.85 to $5.05 (which excludes the charge from the fine imposed by the NDRC), compared to our prior guidance range of $4.75 to $5.05.
Non-GAAP results exclude the QSI (Qualcomm Strategic Initiatives) segment and certain share-based compensation, acquisition-related items, tax items and other items. Beginning in the first quarter of fiscal 2015, we changed our methodology for reporting Non-GAAP results to exclude third-party acquisition and integration services costs and certain other items, which may include major restructuring and restructuring-related costs, goodwill and long-lived asset impairment charges and litigation settlements and/or damages. Detailed reconciliations between GAAP and Non-GAAP results and guidance are included within this news release.

The following table summarizes revenue and GAAP and Non-GAAP earnings per share (EPS) guidance for fiscal year 2015 based on the current business outlook.

FY 2014

Results

Prior Guidance

FY 2015 Estimates (2)

Current Guidance
FY 2015 Estimates (2)

Revenues

$26.5B

$26.0B – $28.0B

$26.3B – $28.0B

Year-over-year change

decrease 2% – increase 6%

decrease 1% – increase 6%

Non-GAAP diluted EPS

$5.27

$4.75 – $5.05

$4.85 – $5.05

Year-over-year change

decrease 4% – 10%

decrease 4% – 8%

Diluted EPS attributable to QSI

$0.01

($0.02)

($0.02)

Diluted EPS attributable to share-based compensation

($0.50)

($0.54)

($0.54)

Diluted EPS attributable to other items (1)

($0.13)

($0.15)

($0.73)

GAAP diluted EPS

$4.65

$4.04 – $4.34

$3.56 – $3.76

Year-over-year change

decrease 7% – 13%

decrease 19% – 23%

(1)

Other items excluded from Non-GAAP include certain acquisition-related items, tax items and other items. Current guidance for fiscal 2015 other items includes an approximately $0.58 per share charge related to the fine imposed by the NDRC.

(2)

Our prior and current guidance for fiscal 2015 includes an estimate of the benefit related to stock repurchases that we plan to complete over the remainder of fiscal 2015 under our current stock repurchase program.

Sums may not equal totals due to rounding.

Our outlook does not include provisions for future asset impairments or for pending legal matters, other than future legal amounts that are probable and estimable. Further, due to their nature, certain income and expense items, such as realized investment and certain derivative gains or losses, cannot be accurately forecast. Accordingly, we only include such items in our financial outlook to the extent they are reasonably certain; however, actual results may differ materially from the outlook.

Note Regarding Use of Non-GAAP Financial Measures

The Non-GAAP financial information presented herein should be considered in addition to, not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. In addition, “Non-GAAP” is not a term defined by GAAP, and as a result, the Company’s measure of Non-GAAP results might be different than similarly titled measures used by other companies. Reconciliations between GAAP and Non-GAAP results are presented herein.

The Company uses Non-GAAP financial information (i) to evaluate, assess and benchmark the Company’s operating results on a consistent and comparable basis; (ii) to measure the performance and efficiency of the Company’s ongoing core operating businesses, including the QCT (Qualcomm CDMA Technologies) and QTL (Qualcomm Technology Licensing) segments; and (iii) to compare the performance and efficiency of these segments against each other and against competitors. Non-GAAP measurements used by the Company include revenues, cost of equipment and services revenues, R&D expenses, SG&A expenses, other expenses, operating income, net investment income, income or earnings before income taxes, effective tax rate, net income and diluted earnings per share. The Company is able to assess what it believes is a more meaningful and comparable set of financial performance measures for the Company and its business segments by using Non-GAAP information. As a result, management compensation decisions and the review of executive compensation by the Compensation Committee of the Board of Directors focus primarily on Non-GAAP financial measures applicable to the Company and its business segments. The Company presents Non-GAAP financial information to provide greater transparency to investors with respect to its use of such information in financial and operational decision making.

Non-GAAP information used by management excludes QSI and certain share-based compensation, acquisition-related items, tax items and other items.

QSI is excluded because the Company expects to exit its strategic investments in the foreseeable future, and the effects of fluctuations in the value of such investments and realized gains or losses are viewed by management as unrelated to the Company’s operational performance.
Share-based compensation expense primarily relates to restricted stock units. Non-cash share-based compensation is excluded because management views such expenses as unrelated to the operating activities of the Company’s ongoing core businesses.
Certain other items are excluded because management views such expenses as unrelated to the operating activities of the Company’s ongoing core business, including:
Acquisition-related items include amortization of certain intangible assets, recognition of the step-up of inventories to fair value and the related tax effects of these items starting with acquisitions completed in the third quarter of fiscal 2011, as well as any tax effects from restructuring the ownership of such acquired assets. Additionally, the Company excludes expenses related to the termination of contracts that limit the use of the acquired intellectual property. Starting in the first quarter of fiscal 2015, the Company excludes third-party acquisition and integration services costs. Prior year amounts have not been reclassified to conform to the current presentation.
Starting in the first quarter of fiscal 2015, the Company excludes certain other items that management views as unrelated to the Company’s ongoing business, such as major restructuring and restructuring-related costs, goodwill and long-lived asset impairments and litigation settlements and/or damages. Prior year amounts have not been reclassified to conform to the current presentation.
Certain tax items that are unrelated to the fiscal year in which they are recorded are excluded in order to provide a clearer understanding of the Company’s ongoing Non-GAAP tax rate and after tax earnings. Also, the provision (benefit) to reconcile the tax provisions (benefits) for each column to the total GAAP tax provision for the quarter is excluded. At fiscal year end, the quarterly tax provision (benefit) for each column equals the annual tax provision (benefit) for each column computed in accordance with GAAP. In interim quarters, the sum of these provisions (benefits) may not equal the total GAAP tax provision, and this difference is included in the tax provision (benefit) in the “Other Items” column. In interim quarters of prior fiscal years, this difference was allocated to the tax provisions (benefits) among the columns.
Conference Call

Qualcomm will hold a conference call to discuss the NDRC resolution on February 9, 2015 beginning at 2:30 p.m. PT on Qualcomm’s Investor Relations website at: http://investor.qualcomm.com/events.cfm. This conference call will include a discussion of “Non-GAAP financial measures” as defined in Regulation G. The most directly comparable GAAP financial measures and information reconciling these Non-GAAP financial measures to the Company’s financial results prepared in accordance with GAAP, as well as other financial and statistical information to be discussed on the conference call, will be posted at http://investor.qualcomm.com/events.cfm immediately prior to commencement of the call. An audio replay will be available at http://investor.qualcomm.com/events.cfm and via telephone following the live call for 30 days thereafter. To listen to the replay, U.S. callers may dial (855) 859-2056 and international callers may dial (404) 537-3406. U.S. and international callers should use reservation number 83971934.

About Qualcomm

Qualcomm Incorporated (Nasdaq: QCOM) is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm’s licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm’s engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 25 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit http://www.qualcomm.com.

Note Regarding Forward-Looking Statements

In addition to the historical information contained herein, this news release contains forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to statements regarding changes to our business practices in China; our compliance with the NDRC’s decision; our licensing business now being well positioned to fully participate in China’s rapidly accelerating adoption of our 3G/4G technology; our plans to continue to grow our business, engagements, investments and collaborations in China going forward, including with China’s mobile operators and handset and other device suppliers, and within the Chinese semiconductor sector; focusing our attention and resources on supporting our customers and partners in China and pursuing the many opportunities ahead; our business outlook; and our estimates and guidance related to revenues and GAAP and Non-GAAP diluted earnings per share. Forward-looking statements are generally identified by words such as “estimates,” “guidance,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks” and similar expressions. Actual results may differ materially from those referred to in the forward-looking statements due to a number of important factors, including but not limited to risks associated with commercial network deployments, expansions and upgrades of CDMA, OFDMA and other communications technologies, our customers’ and licensees’ sales of products and services based on these technologies and our ability to drive our customers’ demand for our products and services; competition in an environment of rapid technological change; our dependence on a small number of customers and licensees; the continued and future success of our licensing programs; attacks on our licensing business model, including current and future legal proceedings or actions of governmental or quasi-governmental bodies or standards or industry organizations; the enforcement and protection of our intellectual property rights; government regulations and policies, or adverse rulings in enforcement or other proceedings; the commercial success of our new technologies, products and services; claims by third parties that we infringe their intellectual property; acquisitions, strategic transactions and investments; our dependence on a limited number of third-party suppliers; our stock price and earnings volatility; our ability to attract and retain qualified employees; global economic conditions that impact the mobile communications industry; foreign currency fluctuations and failures in our products or services or in the products or services of our customers or licensees, including those resulting from security vulnerabilities, defects or errors. These and other risks are set forth in the Company’s Quarterly Report on Form 10-Q for the first quarter ended December 28, 2014 filed with the SEC. Our reports filed with the SEC are available on our website at http://www.qualcomm.com. We undertake no obligation to update, or continue to provide information with respect to, any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.

Qualcomm is a trademark of Qualcomm Incorporated, registered in the United States and other countries. All other trademarks are the property of their respective owners.

Reconciliation of Non-GAAP Financial Measure Related to Prior Period
(In millions, except per share data)

Non-GAAP

QSI (1)

Share-Based

Compensation (1)

Other Items (1)

GAAP

12 MONTHS – FISCAL 2014

Net income (loss)

$9,032

$15

($856)

($224)

$7,967

Diluted EPS

$5.27

$0.01

($0.50)

($0.13)

$4.65

Diluted shares used

1,714

1,714

1,714

1,714

1,714

(1)

At fiscal year end, the quarterly tax provision (benefit) for each column equals the annual tax provision (benefit) for each column computed in accordance with GAAP.

Sums may not equal totals due to rounding.

Qualcomm Contacts:
Tina Asmar
Corporate Communications
Phone: 1-858-845-5959
email: corpcomm@qualcomm.com

Warren Kneeshaw
Investor Relations
Phone: 1-858-658-4813
e-mail: ir@qualcomm.com

Source: Qualcomm Incorporated

Written by asiafreshnews

February 11, 2015 at 3:16 pm

Stratasys Deepens Footprint in China

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-Announces the closing of asset purchase transaction with Intelligent CAD/CAM Technology Ltd.

HONG KONG  /PRNewswire/ — Stratasys AP Ltd., a subsidiary ofStratasys Ltd. (NASDAQ: SSYS), a global leader of 3D printing and additive manufacturing solutions, today announced the closing of an asset purchase transaction with its local channel partner  Intelligent CAD/CAM Technology Ltd (ICT), for the purchase of certain assets, targeted at deepening footprint in China to gain better insights into the increasing local market demand.

This transaction reaffirms Stratasys’ commitment to the Chinese market and aligns with its overall business growth strategy in the region.  Working closely with its local channel partners, Stratasys China will continue to offer the complete suite of Stratasys 3D printing solutions and service the existing installed base of its former partner ICT.  ICT will continue to cooperate with Stratasys on 3D printing related opportunities in the future.

China is an important market for Stratasys and vital to our success in the region,” said Jonathan Jaglom, General Manager of Stratasys Asia Pacific and Japan. “We notice that the adoption of 3D printing applications in many vertical markets is rising with the growth of leading innovative enterprises in China. We believe that our expanded local team lays a strong foundation to support these demands, enhancing responsiveness and operational efficiency.  As an industry leader, we continue to strive for technology and service excellence through the offering of cutting-edge 3D printing solutions and high level of customer service satisfaction.”

Stratasys China, together with its well established channel network, will continue to focus on key verticals including automotive, education, dental, consumer electronics, consumer goods, medical & medical equipment and industrial machinery.

About Stratasys Ltd.

Stratasys Ltd. (Nasdaq:SSYS), headquartered in Minneapolis, Minnesota and Rehovot, Israel, is a leading global provider of 3D printing and additive manufacturing solutions. The company’s patented FDM® and PolyJet™ 3D Printing technologies produce prototypes and manufactured goods directly from 3D CAD files or other 3D content. Systems include 3D printers for idea development, prototyping and direct digital manufacturing. Stratasys subsidiary includes MakerBot, and the company operates the digital parts manufacturing service, Stratasys Direct Manufacturing. Stratasys has more than 2,800 employees, holds over 600 granted or pending additive manufacturing patents globally, and has received more than 25 awards for its technology and leadership. Online at: www.stratasys.com or http://blog.stratasys.com.

About Intelligent CAD/CAM Technology Ltd.

Established in 1994, Intelligent CAD/CAM Technology Ltd. (ICT) strives to provide best-in-class 3D solutions and quality services to customers in the Southern and Eastern China region. ICT has 7 offices with over 120 employees, serving more than 3000 customers in different segments including education, government, machinery, toys, watch and clock, mold and die, medical, electrical and electronics. Online at: www.ict.com.hk.

Note Regarding Forward-Looking Statements

The statements in this press release relating to Stratasys’ expectations of the benefits that it will receive from its acquisition of certain assets of Intelligent CAD/CAM Technology Ltd., are forward-looking statements reflecting management’s current expectations and beliefs. These forward-looking statements are based on current information that is, by its nature, subject to rapid and even abrupt change. Due to risks and uncertainties associated with Stratasys’ business, actual results could differ materially from those projected or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to:  the risk that customers will not perceive the benefits provided by the asset acquisition of  Intelligent CAD/CAM Technology Ltd. to be as Stratasys believes them to be; the risk that the integration of the assets of Intelligent CAD/CAM Technology Ltd. into Stratasys will be more difficult and time consuming than Stratasys expects; and other risk factors more fully explained under the caption “Risk Factors” in Stratasys’ most recent Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC) on March 3, 2014. Stratasys is under no obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by the rules and regulations of the SEC.

Media Contacts

Stratasys Asia Pacific
Janice Lai
Media.ap@stratasys.com
+852-3944-8888

Edelman
Annie Yeung
Annie.Yeung@edelman.com
+852-2837-4753

Logo – http://www.prnasia.com/sa/2012/12/05/20121205155959811273-l.jpg

Source: Stratasys

Related stocks: NASDAQ-NMS:SSYS

Written by asiafreshnews

February 11, 2015 at 3:01 pm

Posted in Uncategorized

AMRI Hires Chief Information Officer

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ALBANY, New York, Feb. 10, 2015 /PRNewswire/ — AMRI (NASDAQ: AMRI) announced today that Jimmy Wang, Ph.D., fills the newly created position of Chief Information Officer, effective immediately. He replaces Carl Neumann, Senior Director, Information Technology, who retires this month.

In this role, Dr. Wang will manage and oversee major technology initiatives at AMRI, as well as the day-to-day Information Technology operations. Among his responsibilities will be to implement scalable and agile information technology solutions that align with AMRI’s growth objectives and global operations.

“We are pleased to welcome Jimmy to the AMRI team,” said William S. Marth, president and chief executive officer, AMRI. “As an award-winning industry professional with a proven track record in delivering complex IT transformations, we look forward to leveraging his strategic direction to create a scalable IT infrastructure that will accommodate growth. We appreciate Carl’s many years of dedication and service with AMRI, and wish him the best in his retirement.”

Dr. Wang brings 25 years of experience managing and deploying technology innovations to various technology, telecommunications and global pharmaceutical companies. Most recently he served as Senior Vice President and Chief Information Officer at OPKO Health Inc., where he established the company’s global IT governance process and transformed IT into a centralized delivery organization. Before OPKO Health, Dr. Wang was Senior Vice President and Chief Information Officer at Vertex Pharmaceuticals Inc., where he played a major role in managing implementation, consolidation, and support of Enterprise Operations Support Systems, as well as led the area of scientific computing to use technology to support the area of Innovation and Research. Before Vertex, Dr. Wang was at Teva Pharmaceuticals-America, where he was Vice President and Chief Information Officer. Dr. Wang received his Ph.D. in Operations Research from Southern Methodist University in 1990.

About AMRI
Albany Molecular Research Inc. (AMRI) is a global contract research and manufacturing organization that has been working with the Life Sciences industry to improve patient outcomes and the quality of life for more than two decades. With locations in North America, Europe and Asia, our key business segments include Discovery and Development Services (DDS), Active Pharmaceutical Ingredients (API), and Drug Product Manufacturing. Our DDS segment provides comprehensive services from hit identification to IND, including expertise with diverse chemistry, library design and synthesis, in vitro biology and pharmacology, drug metabolism and pharmacokinetics, as well as natural products. API Manufacturing supports the chemical development and cGMP manufacture of complex API, including potent, controlled substances, biologics, peptides, steroids, and cytotoxic compounds. Drug Product Manufacturing supports drug product development through commercial scale production of complex liquid-filled and lyophilized parenteral formulations. For more information about AMRI, please visit our website at http://www.amriglobal.com or follow us on Twitter (@amriglobal).

Source: AMRI

Written by asiafreshnews

February 11, 2015 at 2:16 pm

Posted in Healthcare

AsiaPay Launches New Hosted 3D Secure ACS Service for Banks

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HONG KONG /PRNewswire/ — AsiaPay Technology, the ePayment technology arm of AsiaPay, focusing on  innovative payment technologies and services across Asia-Pacific, launches its newly certified 3-D Secure Access Control Server (ACS) managed service for issuing banks after launching the ACS solution in earlier years. The new service enables issuing banks collaborating with Visa, MasterCard and JCB 3-D Secure Program to add additional layer of authentication security for their cardholders when making online and mobile card payment transactions, minimizing chargeback and fraud risks.

With AsiaPay’s highly scalable and high-performance access control server (ACS) hosted service, banks are able to authenticate their cardholders by the static password defined by cardholders or by system generated dynamic one-time password (OTPs) during online shopping. It supports sending OTP by email and SMS as well as generating OTP by mobile app. This secure user-friendly payment authentication mechanism significantly reduces the chargeback and fraud possibility for online transactions.

Furthermore, new hosted 3D Secure ACS service provides a variety of controls and online customizable reporting for issuing banks to view online or download, effectively manage the cardholder 3D secure registration, cardholder 3D secure status maintenance, 3D secure payment processing, etc. Certified with Verified by VISA, MasterCard SecureCode, JCB J/Secure and soon for American Express SafeKey. The system is expandable to support multi-lingual interface for authentication pages and internal administration tools, as well as other special card products to meet the needs of banks and consumers in Asia.

The new ACS service is being offered either as an online service, white-labelled hosted service, or as a total solution license model. Key features are:

  • Static password and one time password (OTP) authentication implementation
  • Certified with Verified by VISA, MasterCard SecureCode, JCB J/Secure
  • Strong key management and encryption function
  • Responsive web design for authentication in web and mobile browsers
  • Powerful and user-friendly web administration tool for bank operators
  • User access control with audit trails
  • Competitive tiered pricing package based on card base size
  • Local support in 12 countries in Asia

AsiaPay operates the ACS service at its advanced secure PCIDSS-compliant hosting environment at upgraded data centers, and provides bank clients with 7×24 technical service support.

We have extensive experience and expertise in providing advanced and cost-effective ePayment solutions and hosted services to leading banks across Asia including Payment Gateway Solution (PayGate), 3-D Secure MPI and 3-D Secure ACS solutions,” stated Joseph Chan, CEO and Founder of AsiaPay Group, “Along the ePayment market grows in Asia and beyond, we will continue to innovate and offer advanced ePayment solutions and technologies to meet the needs of the ever-changing market.

About AsiaPay Technology

Founded in 2008, AsiaPay Technology, the electronic payment technology arm of AsiaPay Group, delivers a comprehensive range of advanced and cost-effective electronic payment solutions for banks, PSPs and merchants across the globe. The payment technologies encompass internet, mobile and retail with customized and integrated solutions to meet the demands of the dynamically changing epayments and ebusiness environment.

AsiaPay, a premier electronic payment solution and technology vendor and payment service provider founded in 2000, strives to bring advanced, secure, integrated and cost-effective electronic payment processing solutions and services to banks, corporate and eBusinesses in the worldwide market, covering international credit card, China UnionPay (CUP) card, debit card and other prepaid card payments. AsiaPay is an accredited payment processor and payment gateway solution vendor for banks, certified IPSP for merchants, certified international 3D-Secure vendor for Visa, MasterCard, American Express and JCB. AsiaPay offers its variety of award-winning payment solutions that are multi-currency, multi-lingual, multi-card and multi-channel, together with its advanced fraud detection and management solutions. Headquartered in Hong Kong, AsiaPay offers its professional ePayment solution consultancy and quality local service support across its other 11 offices in Asia including:Thailand, Philippines, Singapore, Malaysia, Mainland China, Taiwan, Vietnam and India. For more information, please visit www.asiapaytech.com and www.asiapay.com.

CONTACT: Alvin Chan, Senior Sales and Marketing Manager, AsiaPay Limited, +852-2538-8278,alvin.chan@asiapay.com

Source: AsiaPay Limited

Written by asiafreshnews

February 11, 2015 at 12:41 pm

Posted in Uncategorized

Tonly Electronics Holdings Limited Announces Audio-visual Product Sales Revenue for January 2015 Amounted to HK$439.1 Million

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HONG KONG, Feb. 10, 2015 /PRNewswire/ — Tonly Electronics Holdings Limited (“Tonly Electronics” or “the Group”; SEHK stock code: 01249) announces its unaudited monthly sales performance in January 2015. The below products do not cover all the business of the Group and the below figures do not fully reflect the business performance of the Group in the mentioned period.

In January 2015, the Group recorded revenue of HK$439.1 million from audio-visual (“AV”) products, up 1.9% year-on-year, mainly because of the decreasing sales from video disc players while sales revenue for media boxes business increased in comparable to the corresponding period.

The unaudited monthly sales revenue for video disc players decreased by 15.3% to HK$146.2 million in January 2015. The unaudited monthly sales revenue for audio products remained stable and recorded HK$134.1 million in January. And that of media boxes business increased by 27.6% year-on-year to HK$158.7 million.

The Group will continue to focus on product innovation, strengthen its core competitiveness such as industrial and technological innovation as well as operational capabilities. It will also launch more new products which meet market demand and cater for consumer tastes to reinforce its leading position in the global market for audio-visual products and thus maximize value for the customers and shareholders.

Unaudited Sales Revenue (HK$’000)

Jan-15

Jan-14

YoY Change

(%)

Video disc players

146,222

172,550

-15.3%

Audio Products #

– ­Traditional audio products

74,986

72,527

+3.4%

– New audio products

59,139

61,538

-3.9%

Subtotal

134,125

134,065

0.0%

Media boxes *

158,722

124,430

+27.6%

Total

439,069

431,045

+1.9%

* Media boxes include OTT, which was categorized as video products in the previous press releases or result announcements.

#Certain traditional audio products have been upgraded to new audio products, and revenue from the sales of such upgraded audio products for 2014 has been reclassified and restated accordingly.

Note: The above products do not cover all the business of the Group and the above figures do not fully reflect the business performance of the Group in the above mentioned period.

About Tonly Electronics

Tonly Electronics Holdings Limited (stock code: 01249) is a leading vertically-integrated manufacturing services provider in the audio-visual (“AV”) products. It is also is the largest video products manufacturer and the fourth largest HTS manufacturer in the world, and is principally engaged in the research and development, manufacturing and sales of audio-visual products (excluding TV sets) for international brands on an ODM basis. Tonly Electronics is also one of the ABS-s manufacturers under the programmes of “Hu Hu Tong” and “CunCun Tong” initiated by The State Administration of Radio, Film, and Television (“SARFT”). Its ultimate controlling shareholder is TCL Corporation (a company listed on the Shenzhen Stock Exchange, Stock code 000100.SZ).

For more information, please visit its website at http://www.tonlyele.com.
Source: Tonly Electronics Holdings Limited

Written by asiafreshnews

February 11, 2015 at 12:06 pm

Posted in Uncategorized