New CDN service optimizes web applications and dynamic content delivery
BONN - Wednesday, October 17th 2012 [ME NewsWire]
(BUSINESS WIRE)-- Deutsche Telekom International Carrier Sales & Solutions (ICSS), the international wholesale arm of Deutsche Telekom AG, has announced the launch of Application Delivery Network. The new service is capable of substantially improving the performance and throughput of web applications and the provision of dynamic content.
Application Delivery Network (ADN), based on the cutting-edge CDN technology of EdgeCast, is a multi-layered, easy-to-use service that combines best practice optimizations with core technology refinements.
Through extensive testing, ADN has proven its efficiency with customized information portals, e-commerce and booking engine applications, social media services, and other online tools-all serving content that cannot be cached at the edge.
"Application Delivery Network provides significant improvements in reliability and performance, which means more engagement, more page views, more completed transactions, and more revenue for our customers," says Falk von Bornstaedt, Head of Product Marketing IP-Transit & Peering, International Carrier Sales & Solutions.
ADN also offers “whole-site” delivery implementations by serving both static and dynamic content for cases where the separation of static and dynamic content is not possible or not ideal.
With ADN, ICSS complements its CDN Solution portfolio, which is based on a global footprint. It supports content delivery requirements, be it caching, multi-platform streaming, premium storage, content security and in-depth analytics. Value-added services and the web-based, self-provisioning portal complete the CDN offering.
About Deutsche Telekom
Deutsche Telekom is one of the world’s leading integrated telecommunications companies with almost 130 million mobile customers, 33 million fixed-network lines and over 17 million broadband lines (as of June 30, 2012). The Group provides products and services for the fixed network, mobile communications, the Internet and IPTV for consumers, and ICT solutions for business customers and corporate customers. Deutsche Telekom is present in around 50 countries and has over 233,000 employees worldwide. The Group generated revenues of EUR 58.7 billion in the 2011 financial year – more than half of it outside Germany (as of December 31, 2011).
About Deutsche Telekom International Carrier Sales & Solutions (ICSS)
International Carrier Sales & Solutions (ICSS), an integral part of Deutsche Telekom’s International Businesses unit within the Europe organization, is the global communications enabler of the Deutsche Telekom Group and more than 700 external customers worldwide. As one of the largest carriers in the world, ICSS provides global voice communication, Internet connectivity to millions of eyeballs, and global roaming and messaging on next generation platforms, as well as smart content distribution, media exchange, and virtual carrier solutions. The international customers of ICSS experience seamless service provisioning, including global reach, and the highest quality. The variety of solutions provided by ICSS is based on an expanding ultramodern infrastructure: Deutsche Telekom’s international network.
For further information, see www.telekom-icss.com.
Contacts
Deutsche Telekom AG
International Carrier Sales & Solutions
Lisa Elisabeth Krenz
Tel.: +49 (0) 228 936 19588
E-mail: e.krenz@telekom.de
www.telekom-icss.com
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RT System 2– RealTIME and CableFREE seismic data acquisition system – ideal for passive seismic monitoring
BusinessWire/ME-Newswire - Wireless Seismic, Inc. announced today the sale of its RT System 2real-time and cable-less seismic data acquisition system to MicroSeismic, Inc., who will begin using RT System 2 in their passive seismic monitoring operations starting in October. Headquartered in Houston, Texas, MicroSeismic is the pioneering leader in monitoring microseismic activity using surface and near-surface seismic arrays during hydraulic fracturing activity.
“We are excited to be adding the Wireless Seismic technologyto our services portfolio,” stated Terry Jbeili, COO of MicroSeismic. “The deployment of this cable-less acquisition system will further drive operational excellence for our customers, particularly when employing real-time operations.”
“MicroSeismic has been working with Wireless Seismic for some time in the early testing and refinement of the system,” continued Jbeili. “We believe it is ideally suited for real-time microseismic acquisition.”
“We are delighted that MicroSeismic has chosen to deploy RT System 2 as a key component of the company’s new MicroSTAR frac monitoring services,” said Mick Lambert, President and COO, Wireless Seismic. “RT System 2 delivers a highly robust continuous recording capability for long-duration hydraulic fracture monitoring operations and opens the way to fully cable-lessimplementations of passive seismic monitoring where real-time data retrievalis a requirement.”
Wireless Seismic will exhibit RT System 2at the annual conference of the Society of Exploration Geophysicists (SEG) in Las Vegas, Nevada, November 4-7.
ME Newswire / Business Wire
PARIS - Wednesday, October 17th 2012
Exceptionally Flexible and Fast CRM + CLM + Data Solution Features Breakthrough Capabilities for Increased Performance & Productivity
Cegedim Relationship Management today released the highly anticipated eighth generation of their revolutionary customer relationship management (CRM) platform, Mobile Intelligence 8 – the most advanced, comprehensive and rapidly expanding CRM solution for Life Sciences commercial, medical, key account management and market access teams. The latest release features holistic flexibility across Mobile Intelligence’s CRM + CLM + Data platform, enabling Life Sciences companies to:
Increase their commercial productivity through meetings management via tablets
Measure and optimize performance through out-of-the-box actionable reports
Leverage value-added customer centric strategies through stakeholder engagement insights for stronger relationship building
Increased Usability & Stakeholder Insights to Foster Stronger Relationships
Mobile Intelligence 8 achieves increased usability with the recently revamped and compliance-ready meetings module that enables cost allocation per doctor for increased transparency via MI Touch. The latest release also delivers out-of-the-box actionable reports for Primary Care and Key Account Management (KAM) through intuitive Key Performance Indicators (KPIs) to foster maximum performance. In addition, Mobile Intelligence 8 enables commercial teams to better leverage key stakeholder engagement insights by supporting the delivery of key messages based on the stakeholder’s patient population.
Unmatched CRM Platform Capabilities and Seamless Flexibility
The Mobile Intelligence Platform empowers companies with the ability to independently manage their CRM system. Its unmatched flexibility allows for easy integration with other systems, rapid adaption of strategy and dependable functionalities to maintain compliance. Additional flexibilities include the ability to add/enhance functionalities and visualizations; seamlessly extract and load data; and holistically monitor operations. Essentially, system agility combined with Life Sciences specific functionality and CRM autonomy enables companies to consistently capitalize on growth opportunities, achieve cost savings and meet customer-specific needs.
Native Data + CRM + CLM Integration for Speed & Cost Savings
Lastly, the world’s most comprehensive HCP database, OneKey®, is natively integrated to Mobile Intelligence. CRM + CLM + Data enables Life Sciences companies to strengthen their targeting and profiling strategies by reaching the most relevant customer base. This out-of-the-box integration enables companies to rapidly start their commercial initiatives while eliminating implementation and maintenance costs.
“Listening to our clients’ key challenges is integral to creating solutions that realistically reflect today’s industry,” said Laurent Labrune, Chief Executive Officer of Cegedim Relationship Management. “Mobile Intelligence 8 further optimizes commercial operations with an entirely comprehensive CRM platform. This release comprises vital insight from our customers and cements our position as an innovation leader in Life Sciences customer-centric CRM solutions.”
Cegedim Relationship Management drives its innovation by continuing to develop ultra-relevant, cloud-based and adaptive solutions to support the flux of the Life Sciences Industry.
About Cegedim Relationship Management:
Cegedim Relationship Management is the Life Sciences industry’s leading provider of Customer Relationship Management (CRM) solutions. Designed specifically for Life Sciences, the company’s innovative business solutions incorporate a thorough understanding of local, regional and worldwide trends. Cegedim Relationship Management enables more than 200,000 users in many of the world’s most innovative companies to stay ahead of market challenges. In addition to CRM, Cegedim Relationship Management also provides marketing, data optimization and regulatory compliance solutions in more than 80 countries. Cegedim Relationship Management is part of the France-based Cegedim S.A. Group.
To learn more, please visit: www.cegedim.com/rm.
Follow Cegedim Relationship Management on LinkedIn and Twitter.
About Cegedim:
Founded in 1969, Cegedim is a global technology and services company specializing in the healthcare field. Cegedim supplies services, technological tools, specialized software, data flow management services and databases. Its offerings are targeted notably at healthcare industries, life sciences companies, healthcare professionals and insurance companies. The world leader in life sciences CRM, Cegedim is also one of the leading suppliers of strategic healthcare industry data. Cegedim employs 8,200 people in more than 80 countries and generated revenue of €911 million in 2011. Cegedim SA is listed in Paris (EURONEXT: CGM).
To learn more, please visit: www.cegedim.com.
Contacts
Cegedim Relationship Management
Global Communications
Drew BUSTOS, +1 (908)-443-2451
drew.bustos@cegedim.com
Cegedim
Media Relations
Aude BALLEYDIER, +33 (0)1 49 09 68 81
aude.balleydier@cegedim.fr
Indah Kiat Tangerang (IKT) Mill Receives ‘Advanced’ Rating in Independent Assessment
BusinessWire/ME-Newswire - Asia Pulp & Paper Group (APP) has received an Advanced level rating in SGS’s independent assessment for ISO 26000 social responsibility standards, making it the first in its sector in Asia-Pacific to receive this recognition from leading independent global industry auditor Société Générale de Surveillance (SGS).
ISO 26000 is a set of globally recognized best-practice guidelines on organisational governance, labor practices, the environment, fair operating practices, consumer issues, community involvement and development. IKT achieved a level four verification, out of a possible five, giving it an Advanced status. The assessment is based on the SGS Performance Standard on ISO 26000.
“The objective of the SGS Performance ISO 26000 method is to identify how organizations can improve their performance in various areas of social responsibility. We are pleased to see that a corporation such as APP has chosen our method, and values continuous improvement, demonstrating commitment to internal and external stakeholders. Benchmarks and best practices in sustainable fields were provided to APP to enable a path of ongoing improvement and evaluation of performance," stated Mr. Guy Escarfail, Managing Director, SGS Indonesia.
This new Advanced designation compliments the APP Sustainability Roadmap Vision 2020 launched on June 5th. The Roadmap details the company’s path forward towards social and environmental best practices in sustainability. ISO 26000 guidelines align with the goals of the sustainability roadmap including human rights, employee welfare, and community empowerment.
Ms. Aida Greenbury, Managing Director Sustainability & Stakeholder Engagement, APP, welcomed the recognition and pledged to extend the program: “APP strives to be the responsible global leader in the pulp and paper industry. The ISO 26000 standard is only a first step toward a bigger commitment of responsible business practices. The next step is to replicate the successful program in other mills, and we expect them to be eligible for independent verification as early as 2013.”
“As a growing corporation operating in a developing country, sustainable development is a pillar of our operations. We’ve adopted the ISO 26000 guidelines to ensure the integration of socially responsible behaviour and the development of sustainable relationships with many members of our community such as customers, employees, NGOs and business partners,” she added.
The mill has also achieved various certifications including ISO 9001 for Quality Management System and ISO 14001 for Environmental Management System. IKT was also awarded the first ISO 14001 in Indonesia, in 1996.
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BUSINESS WIRE / ME NewsWire RIVERSIDE, Calif. – Tuesday, October 16th 2012
Olfactor Labs’ new compound can save lives; company files for new patent
Olfactor Laboratories, Inc. has advanced a world-class technology that could make mosquito bites a thing of the past and is preparing to take that technology to market as early as 2013.
Following a two-year intensive collaboration with the University of California, Riverside, and a multinational pest control company, Olfactor announced its chemical technology can actually modify a mosquito’s biting behavior. This is a potential breakthrough in the battle against mosquito-borne diseases such as malaria and the West Nile virus.
Company scientists have assembled a blend of compounds which can be delivered spatially, rather than requiring that they be applied to skin, which can substantially reduce contact between mosquitoes and humans. The chemical technology disrupts the mosquito’s ability to detect carbon dioxide, which is how mosquitoes detect a blood meal such as that of a human.
“Not being able to recognize carbon dioxide greatly limits a mosquito’s ability to locate and feed on its victim,” said Steve Abbott, President of Olfactor Laboratories. “With our technology, the human can essentially become invisible to the mosquito. The results of our research have the potential to fight several deadly mosquito-borne diseases, which are estimated to endanger a significant number of the world’s population,” Abbott stated. “Not only can such terrible diseases be reduced, but life can be made more enjoyable for everyone else who loves the outdoors, but just hates mosquito bites,” said Abbott.
The Olfactor technology has been recently submitted for patent approval and no other company is believed to possess this unique receptor-blocking-stimulating technology. This technology can be used to not only repel mosquitoes, but also to pull them away from populated areas, where they can be destroyed more effectively. This makes it a central part of a “Push/Pull” control strategy. “Our technology will be extremely valuable to world governments, but also travelers, outdoorsmen, and anyone else who simply objects to the bite of a mosquito. Now a scourge for millennia will be reduced, and we welcome inquiries for collaboration from governments and commercial organizations worldwide,” said Amro Albanna, CEO of Innovation Economy, a key initial incubator and partner of Olfactor Labs.
Contacts
Innovation Economy
Amro Albanna, 951-824-8669 x1501
aalbanna@iecorp.co
DENVER - Tuesday, October 16th 2012 [ME NewsWire]
(BUSINESS WIRE/ME NewsWire)-- MPEG LA today announced the appointment of Daniel Abraham as Vice President, Science and Business Strategy. In this newly created position, Mr. Abraham's responsibilities include technology and related business strategies for MPEG LA and its subsidiaries. Before MPEG LA, Mr. Abraham was Director at Columbia Technology Ventures.
“Dan’s appointment presents an exciting new opportunity for MPEG LA,” said MPEG LA President and CEO Larry Horn. “With his distinguished academic, research and business credentials, Dan blends a rare mixture of applied science, intellectual property and business experience with an exceptional knowledge of emerging technologies and relationships with the universities that spawn them.”
“Our innovation ecosystem is faced with many challenges to ensure a balance of wide access for users and incentives for inventors,” said Mr. Abraham. “It's both a pleasure and an honor to help create new solutions with such a distinguished and proven organization unique in its devotion to achieving that balance and renowned for its unparalleled success in doing so.”
Before Columbia, Mr. Abraham served as Vice President, Chief Technologist at GE Technology Development. He has also served as Vice President, Advanced Development for Veeco Instruments; Intellectual Properties Director and Senior Scientist at Phase Metrics, and conducted nanoscience research at The Institute for Materials Research, University of Nijmegen (The Netherlands), IBM Research Laboratory Zurich and AT&T Bell Labs. Mr. Abraham earned his PhD in Physics from the University of California at Irvine.
MPEG LA, LLC
MPEG LA is the world’s leading independent provider of patent licenses offering wide access to important technologies. MPEG LA developed modern day patent pools. By assisting users with implementation of their technology choices, MPEG LA offers licensing solutions that create opportunities for wide adoption and fuel innovation. MPEG LA’s original license for digital video compression helped produce the most widely employed standard in consumer electronics history. It has become the template for addressing patent thickets. Today MPEG LA manages licensing programs consisting of some 7400 patents in 74 countries with 161 licensors and nearly 5500 licensees. For more information, please refer to http://www.mpegla.com.
Contacts
MPEG LA, LLC
Tom O’Reilly
Tel: 303-200-1710
toreilly@mpegla.com
TOKYO & OVERLAND PARK, Kan. - Tuesday, October 16th 2012 [ME NewsWire]
Sprint Stockholders to Receive Total Consideration of $12.1 Billion in Cash and 30% Ownership in Newly Capitalized Sprint
Transaction Provides Sprint with $8.0 Billion of New Capital
Sprint to Leverage SoftBank’s Experience in Deployment of LTE as Sprint’s Nationwide Rollout of 4G LTE Continues
Significant Investment in the United States by One of the World’s Most Successful and Innovative Companies
Sprint will host an investor conference call to discuss the transaction at 8 a.m. ET today. Participants may dial 800-938-1120 in the U.S. or Canada (706-634-7849 internationally) and provide the following ID: 44906693 or may listen via the Internet at www.sprint.com/investors
TOKYO & OVERLAND PARK, Kan.--(BUSINESS WIRE)-- SOFTBANK CORP. (“SoftBank”) (TSE: 9984) and Sprint Nextel Corporation (“Sprint”) (NYSE: S) today announced that they have entered into a series of definitive agreements under which SoftBank will invest $20.1 billion in Sprint, consisting of $12.1 billion to be distributed to Sprint stockholders and $8.0 billion of new capital to strengthen Sprint’s balance sheet. Through this transaction, approximately 55% of current Sprint shares will be exchanged for $7.30 per share in cash, and the remaining shares will convert into shares of a new publicly traded entity, New Sprint. Following closing, SoftBank will own approximately 70% and Sprint equity holders will own approximately 30% of the shares of New Sprint on a fully-diluted basis.
SoftBank’s cash contribution, deep expertise in the deployment of next-generation wireless networks and track record of success in taking share in mature markets from larger telecommunications competitors are expected to create a stronger, more competitive New Sprint that will deliver significant benefits to U.S. consumers. The transaction has been approved by the Boards of Directors of both SoftBank and Sprint. Completion of the transaction is subject to Sprint stockholder approval, customary regulatory approvals and the satisfaction or waiver of other closing conditions. The companies expect the closing of the merger transaction to occur in mid-2013.
SoftBank Chairman and CEO, Masayoshi Son, said, “This transaction provides an excellent opportunity for SoftBank to leverage its expertise in smartphones and next-generation high speed networks, including LTE, to drive the mobile internet revolution in one of the world’s largest markets. As we have proven in Japan, we have achieved a v-shaped earnings recovery in the acquired mobile business and grown dramatically by introducing differentiated products to an incumbent-led market. Our track record of innovation, combined with Sprint’s strong brand and local leadership, provides a constructive beginning toward creating a more competitive American wireless market.”
The SoftBank transaction is expected to deliver the following benefits to Sprint and its stockholders:
Provides stockholders the ability to realize an attractive cash premium or to hold shares in a stronger, better capitalized Sprint
Provides Sprint with $8.0 billion of primary capital to enhance its mobile network and strengthen its balance sheet
Enables Sprint to benefit from SoftBank’s global leadership in LTE network development and deployment
Improves operating scale
Creates opportunities for collaborative innovation in consumer services and applications
Sprint CEO, Dan Hesse, said, “This is a transformative transaction for Sprint that creates immediate value for our stockholders, while providing an opportunity to participate in the future growth of a stronger, better capitalized Sprint going forward. Our management team is excited to work with SoftBank to learn from their successful deployment of LTE in Japan as we build out our advanced LTE network, improve the customer experience and continue the turnaround of our operations.”
Transaction Terms
SoftBank will form a new U.S. subsidiary, New Sprint, which will invest $3.1 billion in a newly‐issued Sprint convertible senior bond following this announcement. The convertible bond will have a 7-year term and 1.0% coupon rate, and will be convertible, subject to regulatory approval, into Sprint common stock at $5.25 per share. Immediately prior to the merger, the bond will be converted into shares of Sprint, which will become a wholly-owned subsidiary of New Sprint.
Following Sprint stockholder and regulatory approval, and the satisfaction or waiver of the other closing conditions to the merger transaction, SoftBank will further capitalize New Sprint with an additional $17 billion and effect a merger transaction in which New Sprint will become a publicly-traded company and Sprint will survive as its wholly-owned subsidiary. Of the $17 billion, $4.9 billion will be used to purchase newly issued common shares of New Sprint at $5.25 per share. The remaining $12.1 billion will be distributed to Sprint stockholders in exchange for approximately 55% of currently outstanding shares. The other 45% of currently outstanding shares will convert into shares of New Sprint. SoftBank will also receive a warrant to purchase 55 million additional Sprint shares at an exercise price of $5.25 per share.
Pursuant to the merger, holders of outstanding shares of Sprint common stock will have the right to elect between receiving $7.30 per Sprint share or one share of New Sprint stock per Sprint share, subject to proration. Holders of Sprint equity awards will receive equity awards in New Sprint.
Post-transaction, SoftBank will own approximately 70% and Sprint equity holders will own approximately 30% of New Sprint shares on a fully-diluted basis.
SoftBank is financing the transaction through a combination of cash on hand and a syndicated financing facility.
The transaction does not require Sprint to take any actions involving Clearwire Corporation other than those set forth in agreements Sprint has previously entered into with Clearwire and certain of its shareholders.
After closing, Sprint’s headquarters will continue to be in Overland Park, Kansas. New Sprint will have a 10-member board of directors, including at least three members of Sprint’s board of directors. Mr. Hesse will continue as CEO of New Sprint and as a board member.
The Raine Group LLC and Mizuho Securities Co., Ltd. acted as lead financial advisors to SoftBank. Mizuho Corporate Bank, Ltd., Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Deutsche Bank AG, Tokyo Branch acted as mandated lead arrangers to SoftBank. Deutsche Bank also provided financial advice to SoftBank in connection with this transaction. SoftBank’s legal advisors included Morrison & Foerster LLP as lead counsel, Mori Hamada & Matsumoto as Japanese counsel, Dow Lohnes PLLC as regulatory counsel, Potter Anderson Corroon LLP as Delaware counsel, and Foulston & Siefkin LLP as Kansas counsel.
Citigroup Global Markets Inc., Rothschild Inc. and UBS Investment Bank acted as co-lead financial advisors. Skadden, Arps, Slate, Meagher and Flom, LLP acted as lead counsel to Sprint. Lawler, Metzger, Keeney and Logan served as regulatory counsel, and Polsinelli Shughart PC served as Kansas counsel.
About SoftBank
SoftBank was established in 1983 by its current Chairman & CEO Masayoshi Son and has based its business growth on the Internet. It is currently engaged in various businesses in the information industry, including mobile communications, broadband services, fixed-line telecommunications, and portal services. In terms of consolidated results for fiscal 2011, net sales increased 6.6% year on year to ¥3.2 trillion, operating income increased 7.3% to ¥675.2 billion, and net income rose 65.4% to ¥313.7 billion.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served more than 56 million customers at the end of the second quarter of 2012 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The American Customer Satisfaction Index rated Sprint No. 1 among all national carriers in customer satisfaction and most improved, across all 47 industries, during the last four years. Newsweek ranked Sprint No. 3 in its 2011 Green Rankings, listing it as one of the nation’s greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.sprint.comor www.facebook.com/sprintand www.twitter.com/sprint.
Cautionary Statement Regarding Forward Looking Statements
This document includes “forward-looking statements” within the meaning of the securities laws. The words “may,” “could,” “should,” “estimate,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “target,” “plan,” “providing guidance” and similar expressions are intended to identify information that is not historical in nature.
This document contains forward-looking statements relating to the proposed transaction between Sprint Nextel Corporation (“Sprint”) and SOFTBANK CORP. (“SoftBank”) and its group companies, including Starburst II, Inc. (“Starburst II”) pursuant to a merger agreement and bond purchase agreement. All statements, other than historical facts, including statements regarding the expected timing of the closing of the transaction; the ability of the parties to complete the transaction considering the various closing conditions; the expected benefits of the transaction such as improved operations, enhanced revenues and cash flow, growth potential, market profile and financial strength; the competitive ability and position of SoftBank or Sprint; and any assumptions underlying any of the foregoing, are forward-looking statements. Such statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. You should not place undue reliance on such statements. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, that (1) one or more closing conditions to the transaction may not be satisfied or waived, on a timely basis or otherwise, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction or that the required approval by Sprint’s stockholders may not be obtained; (2) there may be a material adverse change of SoftBank or Sprint or the respective businesses of SoftBank or Sprint may suffer as a result of uncertainty surrounding the transaction; (3) the transaction may involve unexpected costs, liabilities or delays; (4) legal proceedings may be initiated related to the transaction; and (5) other risk factors as detailed from time to time in Sprint’s and Starburst II’s reports filed with the Securities and Exchange Commission (“SEC”), including Sprint’s Annual Report on Form 10-K for the year ended December 31, 2011 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2012 and the proxy statement/prospectus to be contained in Starburst II’s Registration Statement on Form S-4, which are (or will be, when filed) available on the SEC’s web site (www.sec.gov). There can be no assurance that the merger will be completed, or if it is completed, that it will close within the anticipated time period or that the expected benefits of the merger will be realized.
None of Sprint, SoftBank or Starburst II undertakes any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
Additional Information and Where to Find It
In connection with the proposed strategic combination, Starburst II plans to file with the SEC a Registration Statement on Form S-4 that will include a proxy statement of Sprint, and that also will constitute a prospectus of Starburst II. Sprint will mail the proxy statement/prospectus to its stockholders. INVESTORS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. The proxy statement/prospectus, as well as other filings containing information about Sprint, SoftBank and Starburst II, will be available, free of charge, from the SEC’s web site (www.sec.gov). Sprint’s SEC filings in connection with the transaction also may be obtained, free of charge, from Sprint’s web site (www.sprint.com) under the tab “About Us – Investors” and then under the heading “Documents and Filings – SEC Filings,” or by directing a request to Sprint, 6200 Sprint Parkway, Overland Park, Kansas 66251, Attention: Shareholder Relations or (913) 794-1091. Starburst II’s SEC filings in connection with the transaction (when filed) also may be obtained, free of charge, by directing a request to SoftBank, 1-9-1 Higashi-Shimbashi, Minato-ku, Tokyo 105-7303, Japan; telephone: +81.3.6889.2290; e-mail: ir@softbank.co.jp.
Participants in the Merger Solicitation
The respective directors, executive officers and employees of Sprint, SoftBank, Starburst II and other persons may be deemed to be participants in the solicitation of proxies in respect of the transaction. Information regarding Sprint’s directors and executive officers is available in its Annual Report on Form 10-K for the year ended December 31, 2011. Other information regarding the interests of such individuals as well as information regarding SoftBank’s and Starburst II’s directors and executive officers will be available in the proxy statement/prospectus when it becomes available. These documents can be obtained free of charge from the sources indicated above. This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50440468&lang=en
Contacts
SoftBank Press Office
+ 81368892300
Jim Barron / John Christiansen
2126878080 / 4156188750
For Sprint
Bill White, Media Contact
9137941099 / bill.white@sprint.com
Brad Hampton, Investor Contact
8002593755 / investor.relations@sprint.com
VILLEJUIF, France - Tuesday, October 16th 2012 [ME NewsWire]
(BUSINESS WIRE)-- Worldwide Innovative Network (WIN) in personalized cancer medicine consortium proudly announces that Oracle Health Sciences has become a member of the consortium. Oracle will provide access to its data management, clinical trials, genomics and analytics expertise to help WIN advance its mission of increasing the efficacy of cancer care globally through personalized therapy and early diagnostics.
The development of personalized therapies requires new collaborations between industry, healthcare and academia. This includes the ability to access and build upon the collective knowledge and data of the entire cancer community, including clinical, genomic and patient data leveraging modern information technologies.
Oracle Health Sciences has developed a portfolio of integrated, cloud-based software applications that help advance personalized medicine by enabling new collaboration models between research institutions and healthcare organizations. Specific to the work of the consortium, the Oracle Health Sciences Network accelerates translational research, healthcare analytics, and health information exchange by allowing these organizations to more efficiently share and analyze de-identified data across organizational boundaries.
“To advance personalized cancer care, collaboration among the health sciences community is absolutely essential, but achieving it, from a technology perspective, has presented challenges. Oracle is helping organizations to break down these barriers and lay a foundation for expanded collaboration and new insight. We welcome Oracle’s knowledge and innovation as it joins our ranks,” said Dr. John Mendelsohn, Chairman of WIN Consortium and past President, University of Texas MD Anderson Cancer Center.
“Our overarching goals are to achieve groundbreaking personalized cancer medicine discoveries and to significantly improve the outcomes and quality of life for cancer patients,” said Professor Alexander Eggermont, General Director, Institut Gustave Roussy and Vice-Chairman of WIN Consortium. “With the dropping cost of whole genome sequencing, technology is essential to helping us analyze this rich data and achieve our goals. We welcome Oracle, one of the world’s leading innovators in this field, to our organization, and look forward to its many contributions.”
“Oracle is extremely proud to join the WIN Consortium and contribute to this important initiative,” said Neil de Crescenzo, Senior Vice President and General Manager, Oracle Health Sciences. “Our health sciences solutions, which support greater collaboration across the healthcare and life sciences community and help to fuel insight, complement WIN’s unique approach. We look forward to applying our solutions and expertise to advance its mission.”
“The productive and positive power of partnerships to drive progress in medical science cannot be underestimated and must be encouraged. It is in this spirit that I enthusiastically joined the Prix Galien USA Committee,” said Professor Paul A. Marks, M.D., Laboratory Head of Cell Biology, Memorial Sloan Kettering Cancer Center, New-York, President, Emeritus, MSKCC. “By joining WIN and sharing its genetic and analytics expertise with the community, Oracle can make a powerful contribution to the WIN consortium’s mission of advancing personalized cancer care.”
WIN Consortium is a network of 24 academic institutions and industries across the globe, initiated by Cancer Institute Gustave Roussy (IGR), France, and University of Texas MD Anderson Cancer Center (MDACC), USA, focusing on biomarker-driven therapeutic clinical trials conducted worldwide.
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
For further information, please visit www.winconsortium.org
Contacts
Catherine Bresson, Director Operational Team
+33-1-42-11-40-20
Catherine.bresson@winconsortium.org
SHENZHEN, China - Monday, October 15th 2012 [ME NewsWire]
(BUSINESS WIRE/ME NewsWire)-- ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, today announced it has won China Mobile’s TD-LTE contract. According to the contract, ZTE will construct China Mobile’s TD-LTE networks in five Chinese cities, namely Beijing, Tianjin, Guangzhou, Shenzhen and Shenyang, with more than 13,000 carrier frequencies.
In China Mobile’s earlier TD-LTE project in Hong Kong, ZTE was assigned 50% of the construction work. ZTE has become the largest LTE device supplier for all such projects initiated by China Mobile.
China Mobile launched the TD-LTE bidding in August 2012. The tender included contracts for some 20,000 base stations and 52,000 carrier sectors, and the TD-LTE devices purchased by China Mobile will be deployed in an expanded trial TD-LTE network in 13 Chinese cities, namely Beijing, Shanghai, Hangzhou, Nanjing, Guangzhou, Shenzhen, Xiamen, Qingdao, Tianjin, Shenyang, Ningbo, Chengdu and Fuzhou. Ten major telecom firms including ZTE, Huawei, Ericsson and Nokia Siemens bid for the tender.
Wang Shouchen, ZTE’s Vice President, said, “We thank China Mobile for choosing ZTE for the construction of the TD-LTE networks in the five cities. ZTE has been highly committed to TD-LTE as a strategic product. As a leader in LTE, our company is both capable of and confident in bringing excellent results to China Mobile.”
By August 2012, ZTE has constructed various trial LD-LTE networks and 9 commercial networks for 38 operators in 26 countries of Europe, CIS, Asia Pacific, Southeast Asia and North America.
About ZTE
ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every telecommunications sector, including wireless, access & bearer, VAS, terminals and professional services. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to meet the changing needs of their customers while growing revenue. In 2011, ZTE’s revenue increased by 29 per cent to USD13.7 billion. Its overseas operating revenue grew 30 per cent to USD 7.4 billion during the period, accounting for 54.2 per cent of overall operating revenue. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in several international bodies devoted to developing telecommunications industry standards. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. The company is China’s only listed telecom manufacturer that is publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn.
Contacts
ZTE Corporation
Margrete Ma, +86 755 26775207
Edelman PR
Diana Pong / Andres Vejarano
+852 2837 4734 / 2837 4735
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World Food Day:Nigeria Flooding & Imminent Food crises one out of eight sleep hungry as 24hr fast declared in ChinaIN its effort to draw global attention to the problem of food shortage in different parts of the world, United Nations (UN) design… Started by you in News of the world cnn allafrica nigeria |
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BUSINESS WIRE / ME NewsWire - GEORGETOWN, Cayman Islands - Tuesday, October 16th 2012
Following its global expansion plans, Investors Trust Assurance SPC (“ITA”) is thrilled to announce the recent opening of its branch office in Kuala Lumpur, Malaysia, at the renowned Petronas KLCC. The Grand Opening celebration took place last Wednesday, October 10th and was a very successful event, with the presence of the company's directors and officers, local press & media, business partners and distributors.
Malaysia is a politically stable country and has a highly educated, multi-lingual and cultural workforce, which contributes to its business friendly environment. ITA is in a position to deliver a significant positive impact to the insurance market in this region, which is known to have excellent prospects, thanks to their savings mentality and considerable medium to high income. ITA can leverage its global experience into Malaysia, while continuing with its core values by providing superior products, an innovative and user-friendly platform, and high quality services.
The Kuala Lumpur branch office will serve as a critical hub for the Southeast Asia target market. This strategic location, complemented by a license issued by the Labuan Financial Services Authority (Labuan FSA), enables ITA to establish a fully functional sales, marketing and operations office with services in multiple languages.
“We are committed to Malaysia and the Southeast Asian market, and look forward to supporting the community and building a prosperous business,”says Bob Pain, ITA’s Managing Director.
Investors Trust Assurance SPC is an international insurance company licensed and regulated by the Cayman Islands Monetary Authority. ITA carries a financial strength rating of B++ (Good) from A.M Best, and is a member of the Association of International Life Offices (AILO). Since its foundation, ITA has gained a leadership position in the international insurance market, with presence in more than 30 countries. ITA’s core product portfolio is comprised of medium to long term investment-linked products, targeted to emerging market consumers who are assisted by independent financial advisors. The products are flexible, tax-efficient, and designed to meet the needs of the various customer segments around the world, who share the same goals of having a solid financial plan for their futures. ITA offers its plan holders the access to the global financial markets through a wide range of funds from the finest Asset Managers, quality multi-lingual service, as well as an advanced and user-friendly internet platform.
Contacts
Investors Trust Assurance SPC
Allison Clark, +1-345-749-3340
Three New Concepts -- Herb n’ Kitchen, Made Market and Brickstones Grill -- To Debut in 2013
ME Newswire / Business Wire
MCLEAN, Va. - Tuesday, October 16th 2012
Casual dining is on the rise. According to a recent Mintel survey, sales at quick service restaurants have increased to nearly $30 billion in the past five years. This trend is being echoed throughout our hotels as guests spend less time in fine dining restaurants, opting for quick and convenient items instead. In response, Hilton Worldwide has reinvented the dining model at Hilton Hotels & Resorts, DoubleTree by Hilton and Embassy Suites brands and is introducing three new casual concepts -- Herb n’ Kitchen, Made Market and Brickstones Grill – to debut in the U.S. in early 2013.
“We surveyed 22,000 guests, owners and operators and we learned that the way people eat at home is translating into the way they eat on the road,” said Beth Scott, vice president of food and beverage concepts, Hilton Worldwide. “As a result, we decided to reinvent the hotel dining model to better serve the needs, wants and lifestyle of our customers.”
A concept created for Hilton Hotels & Resorts, Herb n’ Kitchen, infuses gourmet items into a retail experience and gives guests a transparent view of the kitchen. Additionally, the self-service model offers hotels flexibility to transition from lunch to dinner and may include a variety of options from a live-action station to made-to-order or pre-made salads and sandwiches or the bar and barista zone, depending on location.
Made Market, a concept created for DoubleTree by Hilton, is synonymous with the brand – fun, approachable and convenient. This all-day eatery combines the ease of a market with the allure of a brick oven gastro pub. From fresh coffee and pastries to a pint of artisan beer, Made Market offers a contemporary, yet relaxed, comfortable environment. The first Made Market is slated to debut in January 2013 at the DoubleTree by Hilton Tulsa Downtown in Oklahoma.
Infusing value and smart design with comfort food, Brickstones Grill offers a contemporary experience that seamlessly transitions cooked-to-order breakfast to a-la-carte for lunch or dinner. Exclusive to the Embassy Suites brand, Brickstones Grill’s menu will feature American dishes, served in single or family portions, created within the iconic brick pizza oven, open pit grill and rotisserie. The open display kitchen is a staple in Brickstones Grill’s simple, yet sophisticated design along with comfortable booths and organic surfaces with quarried stone and reclaimed wood. Select locations are currently being considered.
All three concepts are optional to owners and among more than 30 additional concepts featured on HiltonRestaurantConcepts.com -- a website that pairs hotels and owners with preferred food and beverage concepts to meet a variety of property’s needs. Hilton Worldwide has plans to open 800 restaurants in the next three years. For more news and updates, visit news.hiltonworldwide.com.
About Hilton Worldwide
Hilton Worldwide is a leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. For 93 years, Hilton Worldwide has offered business and leisure travelers the finest in accommodations, service, amenities and value. The company is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands. Its brands are comprised of more than 3,900 hotels and timeshare properties, with 640,000 rooms in 90 countries and include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages the world-class guest reward program Hilton HHonors®. Visit www.hiltonworldwide.com for more information and connect with Hilton Worldwide atwww.facebook.com/hiltonworldwide, www.twitter.com/hiltonworldwide, www.youtube.com/hiltonworldwide, www.flickr.com/hiltonworldwide andwww.linkedin.com/company/hilton-worldwide.
Contacts
Hilton Worldwide
Dasha Ross
(703) 883-5805
Dasha.ross@hilton.com
news.hiltonworldwide.com
BUSINESS WIRE/ ME Newswire
Eppendorf is proud to announce the release of the next generation New Brunswick CelliGen® BLU cabinet and the much anticipated 50L CelliGen® BLU single-use vessel. The New Brunswick CelliGen® BLU system combines the trusted performance of traditional bioprocess control with all the benefits of single-use technology. Featuring interchangeable pitched-blade, single-use vessels in 5, 14 and 50 L capacities, along with the first single-use vessel to feature New Brunswick’s proprietary packed-bed impeller, the CelliGen® BLU portfolio boasts the widest range of rigid-walled, stirred-tank, single-use vessels on the market today. The next generation cabinet has taken the term flexibility to new heights. Interchangeable gas flow options, traditional and optical pH probe technology, and an integrated scale interface are just a few of the features that allow the New Brunswick CelliGen® BLU to meet today’s vast range of process needs, making it the ideal choice for high density cell culture process from research through production.
Click here to learn more.
www.nbsc.com New Brunswick Scientific bioinfo@nbsc.com
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TY Danjuma warns Perpetrators as North East may pull out of Nigeria
From PAUL ORUDE, Bauchi Former Minister of Establishment and central committee Chairman, North East Forum for Unity and Development (NEFUD)…
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Our Lord Jesus Christ today emphasized that it will be DIFFICULT for a rich man to enter the kingdom of God. (Matt 19:23). He practically demonstrated this with a rich young man (Matt 19: 16-22). In explaining this, many pastors and priests assert that this passage has nothing to do with material wealth perhaps in order to defend themselves and their rich patrons. Do you know why it is difficult? Rich means having more than enough. Poor means not having enough or not having at all. You know that it is selfish to have more than enough as a follower of Christ. Any excess poured on a filled cup is wasted. Christ instructed that these excesses from the rich should be given to the poor so that they can have enough. The rich is afraid that if the poor has enough, his authority will be shaken. So he may not be willing to donate the excesses but will rather allow it to waste.
The kingdom of God is spiritual and not material. In order to inherit it in life (as a Christian) or after life, you must shelve all material distractions ranging from property, money, education, positions of authority, beauty, power to your physical body. If at the gate of the kingdom, there are security agents posted to shelve these possessions before one enters the kingdom, the rich and the poor, who would be cleared first? I mean, it will take the rich several hours, even years to shelve tons of luggage, property, wealth, money, power etc acquired over the years which he is closely attached to. In most cases, most rich men will not subject themselves to such rigours and may decide to walk away to hell easily like the young man in Matthew 19.
ME Newswire / Businesswire
SAN DIEGO & CARTAGO, Costa Rica - Saturday, October 13th 2012
Heritage Global Partners(“HGP”), a global leader in asset advisory and auction services and a wholly owned subsidiary of Counsel RB Capital(OTCQB: CRBN), today announced its upcoming global online auction featuring a wide array of plastic and thermoforming manufacturing equipment from Conair Babyliss Costa Rica S.A. The sale is being conducted on behalf of Conair Corporation, an industry leading developer of health and beauty products and kitchen and electronic appliances. Conair Babyliss Costa Rica S.A. is the Appliance Manufacturing Division responsible for supervising worldwide production of Conair products.
The auction will be conducted online at http://www.hgpauction.com/?auctionid=272 on November 14, 2012, beginning at 7 am PST and ending on November 15, 2012 at 9 am PST and will feature 7 plastic mills, 33 injection mold machines, 36 spot welders, and much more.
There will be a one-day preview on November 13, 2012 from 9 am to 4 pm (local Costa Rica time, UTC/GMT -6 hours) at Parque Industrial Zona Franca, Cartago, Costa Rica. Prospective bidders may contact Heritage Global VP George Wandachowicz for more information (see contact info below).
“We expect to generate very strong demand for Conair’s high quality assets including a Sencorp Model 2200 inline form & trim thermoforming machine, Compu Vac Systems Inc. small batch fast cycle sputtering vacuum coating system (metalizing) dual load stations, over 30 plastic injection mold machines, over 30 riveting machines, facilities support equipment and much, much more,” stated Heritage Global Partners Vice President George Wandachowicz.
Led by auction industry pioneers Ross and Kirk Dove, Heritage Global Partnersis one of the leading worldwide asset advisory and auction services firms, assisting large and small companies with buying and selling assets. A Counsel RB Capitalcompany (OTCQB: CRBN), HGP specializes in asset brokerage, inspection, and valuations, industrial equipment and real estate auctions, as well as enterprise auctions combining tangible and intangible assets.
Contacts
Heritage Global Partners
George Wandachowicz
858-847-0656
gw@hgpauction.com
JCIR
Robert Rinderman or Jennifer Neuman,
212-835-8500
CRBN@jcir.com
HOUSTON - Friday, October 12th 2012 [ME NewsWire]
(BUSINESS WIRE/ME NewsWire)-- KBR (NYSE: KBR) announced today that it was selected as one of the prime contractors on the Enhanced Army Global Logistics Enterprise (EAGLE) program issued by the U.S. Army Materiel Command.
As a prime contractor, KBR will have the opportunity to submit bids on individual task orders issued by the U.S. Army. Work under the EAGLE program will be performed at the Redstone Arsenal in Huntsville, Ala., Afghanistan and Kuwait and the first task orders are expected to be issued after Oct. 15.
EAGLE will be used for moving and resetting equipment so it is ready for deployment. The program will replace the Field and Installations Readiness Support Team (FIRST) contract and consolidate several others as the Army’s primary Basic Ordering Agreement for maintenance, supply and transportation support services for the U.S. Army and its partners worldwide. KBR has decades of experience serving as one of the Army’s top logistics services providers, primarily in the Middle East. The ceiling for the five-year EAGLE program is $23.5 billion.
“We are honored to have the opportunity to continue serving the U.S. Army as we have been around the world for many years. This program allows us to showcase our core competencies domestically as well as internationally, and to continue supporting the mission of our biggest client,” said Richard Ambrose, President, KBR North American Government and Logistics.
KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, industrial, and commercial markets. For more information, visit www.kbr.com.
Contacts
KBR
Zac Nagle, 713-753-3625
Vice President,
Investor Relations and Communications
Investors@kbr.com
or
Marianne Gooch
Director, Corporate Communications
Media Relations Hotline: 713-753-3800
Mediarelations@kbr.com
PALO ALTO, Calif. - Saturday, October 13th 2012 [ME NewsWire]
Assessment Based on Completeness of Vision and Ability to Execute Places MetricStream GRC Platform in the Leaders Quadrant
(BUSINESS WIRE)-- MetricStream has been positioned in the Leaders Quadrant in Gartner Inc’s latest Magic Quadrant for Enterprise Governance, Risk and Compliance (GRC) Platforms report.*
“We are pleased to be positioned in the Leaders Quadrant by Gartner. For us, it reaffirms MetricStream’s vision and success in providing a comprehensive GRC platform and best-in-class solution suite for customers,” said Shellye Archambeau, CEO at MetricStream. “Market developments such as the demanding regulatory environment, escalating enterprise risks, and rapidly emerging risks from the cloud, social and mobile technologies, compounded by IT security-related threats to business, and complex global supply chains require organizations to have superior risk intelligence to drive business performance. At MetricStream, we continue on our path of product and technology innovation to ensure that we can provide the deepest and widest coverage of GRC solutions across global markets.”
The last year has been a landmark year for MetricStream in terms of R&D, market adoption, growth rates, talent acquisition, and global expansion. Some of the world’s largest corporations and most well-known brands as well as several small and medium enterprises use MetricStream GRC Platform and market leading solutions for Enterprise and Operational Risk Management, Audit Management, Regulatory, Financial, and Corporate Compliance, Policy Management, Regulatory Change Management, Case and Issue Management, IT-GRC, Business Continuity, Legal GRC, Supplier Governance, Quality Management (QMS), Environment, Health and Safety (EHS), and Sustainability Management.
As an example of providing true coverage to a wide spectrum of the market, one of the Global 50 companies retired more than 20 different applications with the MetricStream platform. Another Global 100 company is deploying MetricStream solutions across seven different functional areas with more than 200,000 users worldwide. While these are examples of sophisticated enterprise deployments, MetricStream has also, in the last year, deployed the latest version of its platform and products at several large and mid-sized companies within periods ranging from three weeks to three months. In doing so, the company has significantly reduced time-to-value for clients, and consistently ensured on-time and on-budget delivery through on-premise as well as cloud deployment models.
Specialized solution offerings to meet industry specific functional, content, and reporting requirements have established MetricStream as the preferred GRC partner for companies in Banking & Financial Services, Insurance, Energy & Utilities, Healthcare, Manufacturing, Consumer Goods, and Retail.
According to the report, “Instead of acquiring separate solutions for finance, IT and other business units, many enterprises are choosing to use a single EGRC platform and, when necessary, integrating the many point and functional solutions to satisfy specific GRC needs. Reporting and managing through a single platform potentially give executives, auditors and managers a holistic view of the enterprise's risk and compliance postures, as well as views sorted by requirement, entity and geography.”
As enterprises place strategic focus on enterprise risk management, MetricStream continues to witness significant adoption of its GRC platform to align Business, IT, and Security risks through a common and flexible information model that enables greater collaboration as well as improved visibility across governance programs. MetricStream has been making significant enhancements to its AppStudio to simplify set-up and configuration, and thereby accelerate solution implementation. The company is also developing innovative offerings for advanced mobility, advanced analytics, visualization and intelligence, structured and unstructured data management, and cloud governance.
“Most organizations are steadily moving away from point solutions, and embarking on the path of convergence of their different GRC requirements. MetricStream brings together a strong advisory ecosystem, as well as regulatory, business, IT, and risk content and a well-packaged solution suite serving several industries and functional groups,” said Gaurav Kapoor, COO at MetricStream. “We are delighted that our vision of creating a true GRC platform company with a high focus on R&D and market responsiveness is being unanimously recognized by our customers, partners, analysts, and shareholders.”
* Gartner Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms – by French Caldwell and John A. Wheeler, October 4, 2012.
About MetricStream
MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as UBS, P&G, Constellation Energy, Pfizer, Philips, BAE Systems, SanDisk, Cummins and Sonic Automotive in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government and Manufacturing to manage their risk management, quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as several million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com.
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Contacts
MetricStream
Mr. Vinay Bapna, 650-620-2955
pr@metricstream.com
BUSINESS WIRE / ME NewsWire - Chinese Government Recognizes Napa Valley with Geographic Indication (GI) Status
ST HELENA, Calif. - Friday, October 12th 2012
The People's Republic of China has announced that Napa Valley has been recognized with Geographic Indication (GI) status in that country. Napa Valley is the first region outside of China to be so recognized with this designation. It provides the pivotal element in consumer protection against wines illegitimately labeled as being from Napa Valley in this important and rapidly expanding market.
The GI was published in the report by the GeneralAdministration of Quality Supervision, Inspection and Quarantine which was just released.
“We are thrilled by the news that China, an economic world power and growing wine importer, has decided to grant Napa Valley this status, and we are honored to learn that we are the first winegrowing region outside of that country to achieve it,” said Linda Reiff, NVV’s executive director. “This is an historic milestone for the Napa Valley appellation and speaks to the global respect for our region’s reputation and high-quality wines.”
“Having the Chinese government’s official recognition protects the integrity of the Napa Valley brand, and does so fairly early-on in our efforts to develop this tremendous market. This is a ‘win’ for Napa Valley and a ‘win’ for the Chinese consumer,” Reiff said.
As was the case when achieving GI recognition from the European Union, the NVV made the request directly from the trade association to the government. Similarly with the EU, this had not been done before in China. Given the world-wide renown of brand Napa Valley, government officials saw the need and the value for this recognition.
The NVV members and staff worked for many years with the Chinese government to achieve the GI including several face-to-face meetings in Beijing. Meeting the winemakers, learning more about the unique attributes and the limited production of Napa’s wines helped officials better understand the importance of this initiative.
“The Chinese market is only going to increase in importance to us in the coming years. We needed to make sure we were safeguarding our brand and its reputation. It’s clear that they see the value in this from both the prospective of the producer, but also from the prospective of the consumers in China,” said Cakebread Cellars’ President Bruce Cakebread, who actively participated in the negotiations.
The NVV has been bringing trade missions of vintners to China for more than 14 years and consumer and trade enthusiasm is strong. Though Napa Valley accounts for just 4% of California’s wine production, nearly 25% of NVV member wineries are exporting to China. It’s one of the world’s top wine export markets.
This important announcement complements the NVV’s work not only in the EU, but Napa Valley has already received GI recognition in India, Thailand, Canada, and just last week Brazil, guaranteeing consumers have meaningful wine labels in these important and emerging global markets.
“In perspective, this is the present-day equivalent of 1976’s Judgment of Paris in terms of solidifying Napa Valley’s place as a leader in the world-wide wine industry,” said Napa County Agricultural Commissioner Dave Whitmer.
The NVV credited the diligence of its vintner leaders as well as Richard Mendelson and Scott Gerien of Dickenson, Peatman and Fogarty, Napa County Agricultural Commissioner Dave Whitmer, and its advisor in Beijing, Xuemin Chen.
The Napa Valley Vintners is the non-profit trade association responsible for promoting and protecting the Napa Valley appellation as the premier winegrowing region. From seven founding members in 1944, today the association represents 435 Napa Valley wineries and collectively is a leader in the world-wide wine industry. To learn more about our region and its legendary American wines, visit www.napavintners.com.
Contacts
Napa Valley Vintners
Terry Hall, 707-968-4217
thall@napavintners.com
