HANOI, Vietnam - Saturday, October 27th 2012 [ME NewsWire]
New Infrastructure, Jobs, Partnerships, Brand Building, Sustainability Programs Underline Vietnam Commitment
(BUSINESS WIRE)-- The Coca-Cola Company today announced a new system investment of US$300 million over the next three years in Vietnam to further capture growth opportunities in one of the world’s major emerging consumer markets. The stepped-up investment, commencing in 2013, will bring to US$500 million the total investment that The Coca-Cola Company and its bottling partners have committed to Vietnam from 2010 through 2015.
“Vietnam is an important growth market in Asia Pacific as we work to achieve our 2020 Vision goal of doubling system revenues this decade,” said Muhtar Kent, Chairman and CEO, The Coca-Cola Company, during a visit to Hanoi. “Vietnam’s economy has maintained healthy growth in recent years and this new financial commitment is more than an investment in Coca-Cola’s expansion in Vietnam, it is also an important acknowledgement of our belief in the long-term potential of this key market. Our continued investments in Vietnam underscore our commitment to building new infrastructure to support strong and sustainable growth, applying world-class marketing practices, creating new jobs, developing local talent, developing stronger partnerships with our local customers and investing heavily in the thousands of communities across Vietnam we proudly serve.”
Through investments completed during the last three years, the Coca-Cola Vietnam system has increased local manufacturing and distribution capacity with new filling lines and the installation of new cold-drink coolers with local customers, helping local businesses boost beverage sales. The Company’s most popular beverages in Vietnam include sparkling brands Coca-Cola, Coke Light, Fanta and Sprite, and still brands Minute Maid Teppy, Minute Maid Nutriboost, Samurai, Real Leaf and Dasani.
The system also directly created 500 new jobs locally in Vietnam, with 99 percent of its total labor force filled by local Vietnamese employees. These direct jobs then generated an estimated additional 5,000 job opportunities in supporting industries.
Coca-Cola also has continued to invest heavily in building sustainable communities in Vietnam with approximately US$1.5 million dedicated to local projects since 2010. These projects have included watershed conservation in partnership with the World Wildlife Fund (WWF), specific disaster relief programs in conjunction with Red Cross Vietnam and Coca-Cola’s “Clean Water for Community” initiative alongside UN-Habitat and CEFACOM, which has provided 10,000 Vietnam residents with access to clean water in 2012 alone.
“We are committed to integrating sustainability into everything we do,” said Basil Sidky, Indochina General Manager of Coca-Cola Southeast Asia. “It is our way of contributing to a more sustainable community, fostering innovation across our business and creating shared value for everyone we touch. It’s something we’re passionate about and committed to for the long-haul in Vietnam.”
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Led by Coca-Cola, the world's most valuable brand, our Company's portfolio features 15 billion-dollar brands including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, we are the No. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy our beverages at a rate of 1.8 billion servings a day. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that reduce our environmental footprint, support active, healthy living, create a safe, inclusive work environment for our associates, and enhance the economic development of the communities where we operate. Together with our bottling partners, we rank among the world's top 10 private employers with more than 700,000 system associates. For more information, visit www.thecoca-colacompany.com, follow us on Twitter at twitter.com/CocaColaCoor visit our blog at www.coca-colablog.com.
About The Coca-Cola Vietnam System
Coca-Cola is one of the most well-known international brands in Vietnam. The Coca-Cola system in Vietnam employs approximately 2,000 people, of which 99% are local hires, at its three plants in Ho Chi Minh City, Da Nang and Hanoi. Coca-Cola’s brands in Vietnam include Coca-Cola, Coke Light, Sprite, Fanta, Real Leaf, Minute Maid Nutriboost, Minute Maid Teppy, Schweppes, Samurai and Dasani. The Coca-Cola Vietnam system puts sustainability goals at the heart of its business by providing safe and healthy workplaces for its employees and prioritizes providing employees with opportunities for training and development. Sustainability programs are driven by clear goals of energy saving, water-use efficiency and water replenishment. The system continues to help build sustainable communities wherever it operates. Coca-Cola has invested US$1.5 million since 2010 in a range of community projects in Vietnam, including clean water access projects, support to families in need, and aid in times of natural disaster through Red Cross Vietnam.
Contacts
The Coca-Cola Company
Atlanta
Petro Kacur, +01 404.676.2683
Pacific
Joanna Price, 86-21-6192-8686
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BOUDRY, Switzerland - Saturday, October 27th 2012 [ME NewsWire]
Society for Melanoma Research Abstracts Published Online in Organization’s Journal
(BUSINESS WIRE/ME NewsWire)-- Celgene International Sàrl, a subsidiary of Celgene Corporation (NASDAQ: CELG) today announced that abstracts for the upcoming Society for Melanoma Research meeting have been published online in the organization’s official journal at http://onlinelibrary.wiley.com/doi/10.1111/pcmr.12023/abstract. The publication includes an abstract reviewing results from a phase III metastatic melanoma study with ABRAXANE® (paclitaxel protein-bound particles for injectable suspension) (albumin-bound).
In the randomized, open-label, international study (CA033), ABRAXANE showed a statistically significant improvement in progression-free survival (PFS) in chemotherapy-naïve patients with metastatic melanoma compared to patients receiving dacarbazine chemotherapy (4.8 vs. 2.5 months, respectively (HR:0.792; 95.1% CI: 0.631, 0.992; P=0.044)). An interim analysis of overall survival, the secondary endpoint, shows a trend in favor of the ABRAXANE arm compared to treatment with dacarbazine (12.8 and 10.7 months, respectively (HR:0.831; 99.9% CI: 0.578, 1.196; P=0.094)).
“Metastatic melanoma presents significant treatment challenges due in part to limited therapies, low survival rates at diagnosis and no advances in chemotherapy in thirty-seven years,” said Dr. Evan M. Hersh, lead principal investigator and Professor of Medicine at the University of Arizona College of Medicine and Arizona Cancer Center, Tucson, AZ. “Despite advances with targeted treatment and immunotherapies, there is still a need for new agents including chemotherapy treatments for patients with metastatic melanoma.”
The safety profile of ABRAXANE observed in the CA033 study is comparable with other ABRAXANE pivotal clinical trials. The most common grade ≥3 treatment-related adverse events reported in ≥10% patients were neuropathy (ABRAXANE: 25% vs. dacarbazine: 0%), neutropenia (ABRAXANE: 20% vs. dacarbazine: 10%). The median time to neuropathy improvement with ABRAXANE was 28 days.
These results will be presented at the Society for Melanoma Research 2012 Congress on Sunday, November 11th, in Hollywood, CA.
Future regulatory and clinical strategies are being reviewed in light of these results.
These results are from an investigational study. ABRAXANE is not approved for the treatment of metastatic melanoma.
About the Study
CA033 is a phase III randomized, open-label, international study that evaluated the safety and efficacy of ABRAXANE versus standard chemotherapy, dacarbazine in chemotherapy-naïve patients with stage IV metastatic melanoma. The majority of the patients were males (66%), had an ECOG status of 0 (71%), and had very advanced metastatic disease (M1c stage: 65%). Dacarbazine is the only chemotherapy approved since 1975 by the U.S. Food and Drug Administration for metastatic melanoma.
In the CA033 study, 529 chemotherapy-naïve patients were randomized to receive either ABRAXANE (150mg/m2 weekly for 3 out of 4 weeks) (n=264) or standard chemotherapy, dacarbazine (1000 mg/m2 every three weeks) (n=265). The primary endpoint was progression-free survival (PFS) based on blinded assessment of CT scans obtained every 8 weeks, evaluated per RECIST. The secondary endpoint was OS and other endpoints included objective response rate (ORR), disease control rate (DCR), and safety/tolerability.
About ABRAXANE®
ABRAXANE is an albumin-bound form of paclitaxel that is manufactured using patented nab® technology. ABRAXANE is formulated with albumin, a human protein, and is free of solvents.
In the United States, ABRAXANE was first approved in January 2005 for the treatment of breast cancer after failure of combination chemotherapy for metastatic disease or relapse within 6 months of adjuvant chemotherapy. Prior therapy should have included an anthracycline unless clinically contraindicated. ABRAXANE is also available in Europe, Canada, Russia, Australia, New Zealand, India, South Korea, Bhutan, Nepal, United Arab Emirates and China for the treatment of metastatic breast cancer.
In October 2012, ABRAXANE was approved by the U.S. Food and Drug Administration for the first-line treatment of locally advanced or metastatic non-small cell lung cancer, in combination with carboplatin, in patients who are not candidates for curative surgery or radiation therapy.
For the full prescribing information for ABRAXANE please visit http://www.abraxane.com.
ABRAXANE is currently in various stages of investigation for the treatment of the following cancers: pancreatic, metastatic melanoma, bladder, ovarian, and expanded applications for breast cancer.
ABRAXANE® for Injectable Suspension (paclitaxel protein-bound particles for injectable suspension) (albumin bound) is indicated for the treatment of breast cancer after failure of combination chemotherapy for metastatic disease or relapse within 6 months of adjuvant chemotherapy. Prior therapy should have included an anthracycline unless clinically contraindicated.
ABRAXANE is indicated for the first-line treatment of locally advanced or metastatic non-small cell lung cancer, in combination with carboplatin, in patients who are not candidates for curative surgery or radiation therapy.
Important Safety Information
WARNING - NEUTROPENIA
Do not administer ABRAXANE therapy to patients who have baseline neutrophil counts of less than 1,500 cells/mm3. In order to monitor the occurrence of bone marrow suppression, primarily neutropenia, which may be severe and result in infection, it is recommended that frequent peripheral blood cell counts be performed on all patients receiving ABRAXANE
Note: An albumin form of paclitaxel may substantially affect a drug’s functional properties relative to those of drug in solution. DO NOT SUBSTITUTE FOR OR WITH OTHER PACLITAXEL FORMULATIONS
CONTRAINDICATIONS
Neutrophil Counts
ABRAXANE should not be used in patients who have baseline neutrophil counts of < 1,500 cells/mm3
Hypersensitivity
Patients who experience a severe hypersensitivity reaction to ABRAXANE should not be rechallenged with the drug
WARNINGS AND PRECAUTIONS
Hematologic Effects
Bone marrow suppression (primarily neutropenia) is dose-dependent and a dose-limiting toxicity of ABRAXANE
Monitor for myelotoxicity by performing complete blood cell counts frequently, including prior to dosing on Day 1 for metastatic breast cancer (MBC) and Days 1, 8, and 15 for non-small cell lung cancer (NSCLC)
Do not administer ABRAXANE to patients with baseline absolute neutrophil counts (ANC) of less than 1,500 cells/mm3
In the case of severe neutropenia (<500 cells/mm3 for seven days or more) during a course of ABRAXANE therapy, reduce the dose of ABRAXANE in subsequent courses in patients with either MBC or NSCLC
In patients with MBC, resume treatment with every-3-week cycles of ABRAXANE after ANC recovers to a level >1,500 cells/mm3 and platelets recover to >100,000 cells/mm3
In patients with NSCLC, resume treatment if recommended at permanently reduced doses for both weekly ABRAXANE and every-3-week carboplatin after ANC recovers to at least 1,500 cells/mm3 and platelet count of at least 100,000 cells/mm3 on Day 1 or to an ANC of at least 500 cells/mm3 and platelet count of at least 50,000 cells/mm3 on Days 8 or 15 of the cycle
Nervous System
Sensory neuropathy is dose- and schedule-dependent
The occurrence of Grade 1 or 2 sensory neuropathy does not generally require dose modification
If ≥ Grade 3 sensory neuropathy develops, treatment should be withheld until resolution to Grade 1 or 2 for MBC or until resolution to ≤ Grade1 for NSCLC followed by a dose reduction for all subsequent courses of ABRAXANE
Hypersensitivity
Severe and sometimes fatal hypersensitivity reactions, including anaphylactic reactions, have been reported
Patients who experience a severe hypersensitivity reaction to ABRAXANE should not be re-challenged with this drug
Hepatic Impairment
Because the exposure and toxicity of paclitaxel can be increased with hepatic impairment, administration of ABRAXANE in patients with hepatic impairment should be performed with caution
The starting dose should be reduced for patients with moderate or severe hepatic impairment
Albumin (Human)
ABRAXANE contains albumin (human), a derivative of human blood
Use in Pregnancy: Pregnancy Category D
ABRAXANE can cause fetal harm when administered to a pregnant woman
If this drug is used during pregnancy, or if the patient becomes pregnant while receiving this drug, the patient should be apprised of the potential hazard to the fetus
Women of childbearing potential should be advised to avoid becoming pregnant while receiving ABRAXANE
Use in Men
Men should be advised not to father a child while receiving ABRAXANE
ADVERSE REACTIONS
Randomized Metastatic Breast Cancer (MBC) Study
The most common adverse reactions (≥20%) with single-agent use of ABRAXANE in the MBC study were alopecia (90%), neutropenia (all cases 80%; severe 9%), sensory neuropathy (any symptoms 71%; severe 10%), abnormal ECG (all patients 60%; patients with normal baseline 35%), fatigue/asthenia (any 47%; severe 8%), myalgia/arthralgia (any 44%; severe 8%), AST elevation (any 39%), alkaline phosphatase elevation (any 36%), anemia (all cases 33%; severe 1%), nausea (any 30%; severe 3%), diarrhea (any 27%; severe <1%) and infections (24%)
Sensory neuropathy was the cause of ABRAXANE discontinuation in 7/229 (3%) patients
Other adverse reactions of note included vomiting (any 18%; severe 4%), renal dysfunction (any 11%; severe 1%), fluid retention (any 10%; severe 0%); mucositis (any 7%; severe <1%), hepatic dysfunction (elevations in bilirubin 7%), hypersensitivity reactions (any 4%; severe 0%), thrombocytopenia (any 2%; severe <1%), and injection site reactions (<1%). In all ABRAXANE treated patients (n=366) ocular/visual disturbances were reported (any 13%; severe 1%). Dehydration and pyrexia were also reported
Severe cardiovascular events possibly related to single-agent ABRAXANE occurred in approximately 3% of patients and included cardiac ischemia/infarction, chest pain, cardiac arrest, supraventricular tachycardia, edema, thrombosis, pulmonary thromboembolism, pulmonary emboli, and hypertension
Cases of cerebrovascular attacks (strokes) and transient ischemic attacks have been reported
Non-Small Cell Lung (NSCLC) Cancer Study
Adverse reactions with a difference of ≥2%, Grade 3 or higher, with combination use of ABRAXANE and carboplatin in NSCLC were: anemia (28%); neutropenia (47%); thrombocytopenia (18%), and peripheral neuropathy (3%)
The most common adverse reactions (≥ 20%) of ABRAXANE in combination with carboplatin for NSCLC were anemia, neutropenia, thrombocytopenia, alopecia, peripheral neuropathy, nausea, and fatigue
The most common serious adverse reactions of ABRAXANE in combination with carboplatin for NSCLC were anemia (4%) and pneumonia (3%)
The most common adverse reactions resulting in permanent discontinuation of ABRAXANE were neutropenia (3%), thrombocytopenia (3%), and peripheral neuropathy (1%)
The most common adverse reactions resulting in dose reduction of ABRAXANE were neutropenia (24%), thrombocytopenia (13%), and anemia (6%)
The most common adverse reactions leading to withholding or delay in ABRAXANE dosing were neutropenia (41%), thrombocytopenia (30%), and anemia (16%)
The following common (≥10% incidence) adverse reactions were observed at a similar incidence in ABRAXANE plus carboplatin-treated and paclitaxel injection plus carboplatin-treated patients: alopecia 56%, nausea 27%, fatigue 25%, decreased appetite 17%, asthenia 16%, constipation 16%, diarrhea 15%, vomiting 12%, dyspnea 12%, and rash 10% (incidence rates are for the ABRAXANE plus carboplatin treatment group)
Post-Marketing Experience with ABRAXANE and other Paclitaxel Formulations
Severe and sometimes fatal hypersensitivity reactions have been reported with ABRAXANE. The use of ABRAXANE in patients previously exhibiting hypersensitivity to paclitaxel injection or to human albumin has not been studied
There have been reports of congestive heart failure and left ventricular dysfunction with ABRAXANE, primarily among individuals with underlying cardiac history or prior exposure to cardiotoxic drugs
There have been reports of extravasation of ABRAXANE. Given the possibility of extravasation, it is advisable to monitor closely the ABRAXANE infusion site for possible infiltration during drug administration
DRUG INTERACTIONS
Caution should be exercised when administering ABRAXANE concomitantly with medicines known to inhibit or induce either CYP2C8 or CYP3A4
USE IN SPECIFIC POPULATIONS
Nursing Mothers
It is not known whether paclitaxel is excreted in human milk. Because many drugs are excreted in human milk and because of the potential for serious adverse reactions in nursing infants, a decision should be made to discontinue nursing or to discontinue the drug, taking into account the importance of the drug to the mother
Pediatric
The safety and efficacy of ABRAXANE in pediatric patients have not been evaluated
Geriatric
No toxicities occurred notably more frequently among patients ≥ 65 years of age who received ABRAXANE for MBC
Myelosuppression, peripheral neuropathy, and arthralgia were more frequent in patients ≥65 years of age treated with ABRAXANE and carboplatin in NSCLC
Renal Impairment
The use of ABRAXANE has not been studied in patients with renal impairment
DOSAGE AND ADMINISTRATION
Dose adjustment is recommended for patients with moderate and severe hepatic impairment and patients who experience severe neutropenia or severe sensory neuropathy during treatment with ABRAXANE
Withhold ABRAXANE if AST >10 x ULN or bilirubin > 5 x ULN
Dose reductions or discontinuation may be needed based on severe hematologic or neurologic toxicities
Monitor patients closely
Please see full Prescribing Information, including Boxed WARNING, CONTRAINDICATIONS, WARNINGS AND PRECAUTIONS, and ADVERSE REACTIONS.
About Melanoma
Melanoma is a form of skin cancer characterized by the uncontrolled growth of pigment-producing cells (melanocytes) located in the skin. When melanoma is diagnosed early, it is generally a curable disease. However, when it spreads to other parts of the body, it is the deadliest and most aggressive form of skin cancer. A person with metastatic melanoma typically has on average a short life expectancy that is measured in months. According to the World Health Organization, approximately 132,000 new cases of melanoma are diagnosed each year globally. The incidence of melanoma has increased ten-fold over the past 50 years, and has steadily increased since the 1970s. The American Cancer Society estimates there will be more than 76,000 new cases of melanoma and nearly 9,200 melanoma deaths this year in the United States.
About Celgene International Sàrl
Celgene International Sàrl, located in Boudry, in the Canton of Neuchâtel, Switzerland, is a wholly owned subsidiary and international headquarters of Celgene Corporation. Celgene Corporation, headquartered in Summit, New Jersey, is an integrated global pharmaceutical company engaged primarily in the discovery, development and commercialization of innovative therapies for the treatment of cancer and inflammatory diseases through gene and protein regulation. For more information, please visit the Company's website at www.celgene.com.
Forward-Looking Statements
This press release contains forward-looking statements, which are generally statements that are not historical facts. Forward-looking statements can be identified by the words "expects," "anticipates," "believes," "intends," "estimates," "plans," "will," “outlook” and similar expressions. Forward-looking statements are based on management’s current plans, estimates, assumptions and projections, and speak only as of the date they are made. We undertake no obligation to update any forward-looking statement in light of new information or future events, except as otherwise required by law. Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and are generally beyond our control. Actual results or outcomes may differ materially from those implied by the forward-looking statements as a result of the impact of a number of factors, many of which are discussed in more detail in our Annual Report on Form 10-K and our other reports filed with the Securities and Exchange Commission.
Contacts
For Celgene International Sàrl
Investors:
+41 32 729 8303
ir@celgene.com
Media:
+41 32 729 8304
media@celgene.com
Leading Pharma CRM Solution Enables Flexibility through Seamless Compatibility with Both Windows 8 and Apple iOS
PARIS - Friday, October 26th 2012 [ME NewsWire]
(BUSINESS WIRE)-- Cegedim Relationship Managementtoday announced that Mobile Intelligence 9, the company’s award winning mobile CRM platform, will be fully compatible with the Windows 8* PRO tablet. Mobile Intelligence 9 will feature the Life Sciences industry’s broadest support for new hardware and operating systems in order to afford companies with the latest in next generation technology. Cegedim is a leader in the Life Sciences mobile CRM market with over thirty-seven thousand users around the world leveraging the Mobile Intelligence application on iPads** or smartphones.
Innovative Pharma Mobile CRM Solution Continues to Lead by Offering Flexibility in Operating Systems
Over the last three years, an increasing number of Life Sciences commercial, medical, market access and key account management teams have been employing tablets to drive efficiency and boost their interactions with their stakeholders. With a greater tablet choice now available, leading companies are looking to leverage new and robust mobile functionality to effectively support their current global, regional and local business strategies and objectives.
Cegedim Relationship Management’s Mobile Intelligence platform continues to expand the breadth of its tablet-centric CRM, MI Touch, which will support Microsoft’s Windows 8 PRO tablets, and feature the same robust functional scope as for the iOS solution, including: Closed Loop Marketing (CLM); meetings & expenses; insightful analytics; and much more. MI Touch will also feature its unrivaled off-line/on-line functionality, and a centralized back-end platform that enables a single configuration for all devices and operating systems.
“The upsurge in tablet innovation is benefiting the Life Sciences industry need for fast, flexible and instant-on mobile technologies. Microsoft has a tremendous brand and penetration across Life Sciences companies. We are committed to constantly investing in our market leading CRM solution to be the most adaptive in the Life Sciences,” said Laurent Labrune, Chief Executive Officer for Cegedim Relationship Management. “Our clients continuously reassess and optimize their commercial strategies to meet their evolving global, regional and local needs. They are also looking to leverage the latest technological innovations to establish deeper connections with their stakeholders. Our goal is to enable them to focus on meeting their customers’ needs, regardless of their preferred operating system or platform.”
* Windows is a registered trademark of Microsoft Corporation
**iPad is a trademark of Apple Inc.
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 LinkedInand 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
Drew BUSTOS
Cegedim Relationship Management
Global Communications
Tel.: +1 (908) 443.2451
drew.bustos@cegedim.com
or
Aude BALLEYDIER
Cegedim
Media Relations
Tel.: +33 (0)1 49 09 68 81
aude.balleydier@cegedim.fr
ME Newswire / Business Wire
HOUSTON & ALBERTA, Canada - Thursday, October 25th 2012 [ME NewsWire]
(BUSINESS WIRE)-- Kelman Data Management, the global geophysical data management firm, has officially changed its name to Katalyst Data Management, the company announced Wednesday.
Re-branding initiatives accompanying the Katalyst name feature a new positioning line (“Unleash Your Data’s Potential”), a new corporate website (www.katalystdm.com), and a marketing campaign launch in Las Vegas during the annual meeting of the Society of Exploration Geophysicists (SEG) on Nov. 4-9.
Founded in Canada as a geophysical seismic data processing firm based in Calgary in 1982, Kelman began offering data management services in 1996. The service was expanded to the United States in 2001 and currently has offices in Houston, Oklahoma City, and Denver.
In 2010, the company merged with the respected Houston-based Oil Data Transcription Service unit of Iron Mountain. The following year, the parent company, Kelman Technologies Inc., sold its seismic data processing business to Fugro, including the rights to the Kelman name.
As Katalyst, the company provides a complete line of data management services including data capture (tape re-mastering and scanning), navigation loading, metadata capture, quality control, database hosting, digital storage, and disaster recovery.
“The Katalyst name better represents innovative products such as iGlass, our fully integrated portal for accessing geophysical data. Going forward, Katalyst will become synonymous with cutting-edge offerings that customers can use to maximize their assets,” said Steve Darnell, the company’s President. “Katalyst has an ongoing commitment to R&D to maintain its leadership position in the geophysical data management area. We have several exciting announcements to share in the coming months,” he added.
Katalyst is a leading E&P data management firm that can reduce the geophysical exploration cycle time by ensuring that all known data is accurately catalogued within days, not months, including even the oldest legacy formats. The company’s popular “Touch Once” process is the industry’s only end-to-end data management service.
For more information about Katalyst, visit www.katalystdm.comor attend an iGlass demonstration Nov. 4-9 at the SEG Annual Meeting (Booth #1156) in Las Vegas.
About Katalyst
Katalyst Data Management provides end-to-end geophysical data management services. Katalyst specializes in the protection, management, organization and storage of geophysical assets for the oil and gas industry.
Contacts
Katalyst Data Management
Steve Darnell, 281-529-3202
President
steve.darnell@katalystdm.com
or
Patrick Peck, 281-529-3215
Vice President, Sales & Marketing
pat.peck@katalystdm.com
or
Neil Baker, 1-403-294-5268
Vice President, Data Management
neil.baker@katalystdm.com
BUSINESS WIRE / ME NewsWire BITTERFELD-WOLFEN, Germany - Thursday, October 25th 2012
Hanwha Group, a top 10 Korean business group and Fortune Global 500 company with businesses in manufacturing, construction, finance, retail and resorts, today launched Hanwha Q.CELLS. The launch marks the completion of the acquisition of German solar company Q.CELLS, one of the worlds’ largest solar cell manufacturers and a leading photovoltaics company. Mr. Charles Kim will lead Hanwha Q.CELLS as CEO, joining the company from Hanwha SolarOne. Mr. Min Su Kim will replace Mr. Charles Kim as the president of Hanwha SolarOne and joins the company from Hanwha Group.
The launch of Hanwha Q.CELLS establishes Hanwha as the third largest solar manufacturer in the world. Hanwha’s 2.3 GW of manufacturing capacity is distributed across Germany, Malaysia and China, a competitive advantage to supply any region in the world, free of trade sanctions.
“The synergies between Q.CELLS and Hanwha offer a rare opportunity to quickly build a world leading solar company,” said Charles Kim, CEO of Hanwha Q.CELLS. “The Q.CELLS track record of quality, innovation and excellence align with Hanwha Group’s financial resources, manufacturing expertise and global customer network to form one of the strongest solar companies in the world, ready to lead the industry into a new era.”
The launch of Hanwha Q.CELLS follows strategic investments by the Hanwha Group to broaden solar offerings to the system and accelerate technology developments ranging from advanced cell technology to system optimization for lowering LCOE (Levelized Cost of Electricity), EPC (Engineering, Procurement and Construction), and project development capabilities. These strategic investments include innovative companies like Crystal Solar, 1366 Technologies, tenKsolar, Silent Power and OneRoof Energy. Hanwha Group also established Hanwha SolarEnergy in 2011 to deliver integrated solar power plant solutions encompassing development, construction, operation and project financing, in addition to the recently opened €10 million advanced R&D center in Silicon Valley, Calif., U.S. in April 2012. With the launch of Hanwha Q.CELLS, Hanwha now has four R&D centers around the world.
“With a 60-year track record of industrial leadership, Hanwha Group is committed to becoming a global leader in addressing the energy challenges of a dynamic global economy,” said Ki-Joon Hong, CEO of Hanwha SolarOne and vice chairman of Hanwha Chemical. “Our commitment to solar extends beyond building a successful business. We are dedicated to making solar the most reliable source of energy on Earth.”
Hanwha Group acquired the following assets from Q.CELLS:
Headquarters, R&D center and administrative operations in Germany.
200 MW cell and 120 MW module manufacturing facilities in Germany.
800 MW cell manufacturing facility in Malaysia.
Entities in the U.S., Australia and Japan.
34 patents.
1,225 employees.
The launch was celebrated today at an event in Bitterfeld-Wolfen, Germany.
About Hanwha Group
Founded in 1952, Hanwha Group is a leading Korean business group with 53 domestic affiliates and 78 global networks in three major sectors of manufacturing/construction, finance and service/leisure. In 2011, Hanwha Group held assets of USD 87.7 billion and total revenue of USD 31.6 billion. Putting strategic emphasis on renewable energies and global expansion, Hanwha Group has made successful advancements in solar energy, rechargeable batteries and biosimilars. Hanwha Group has also extended its global footprint in Europe, China, Southeast Asia, the Middle East and the United States. For more information, visit www.hanwha.com.
About Hanwha Q.CELLS
Hanwha Q.CELLS is one of the world’s leading photovoltaics companies and offers a wide range of photovoltaic solutions, from solar cells and modules to solar power plants. Hanwha Q.CELLS’ products are developed and manufactured at its headquarters in Bitterfeld-Wolfen (Germany) and marketed via its global sales network. It also has a second production plant in Malaysia. More than 200 scientists and engineers at Hanwha Q.CELLS are working to swiftly advance solar technology and achieve Hanwha Q.CELLS’ twin aims: driving down the costs of photovoltaics quickly and permanently, and making solar power competitive. The close links between R&D and production enable Hanwha Q.CELLS to rapidly translate innovation into mass production - and underpin its ambition to be at the forefront of photovoltaic technology. For more information, please visit: http://www.q-cells.com.
Contacts
Hanwha SolarOne
John Xi, +86 21 385 215 21
PR & Advertising Manager
john.xi@hanwha-solarone.com
or
Hanwha Q.CELLS Corporate Communications
Jochen Endle, +49 (0)3494 6699 10118
j.endle@q-cells.com
BUSINESS WIRE ME NewsWire - AMSTERDAM - Thursday, October 25th 2012
Revenue up +11% at constant exchange rates, and +18% at historical rates, to €575 million
Record revenue in Security and in Mobile Communication
Stand-out performances from Platforms & Services and the Asia region
2013 target of €300 million in profit from operations now expected to be reached one year in advance
Revenue figures in this document are for ongoing operations1 and variations are at constant exchange rates except where otherwise noted. Revenue figures including contribution of assets held for sale and variations at historical rates are provided in the appendix of this document. All figures presented in this press release are unaudited.
Regulatory News:
Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announces its revenue for the third quarter of 2012.
Ongoing operations (€ in millions)
Mobile Communication
Machine-to-Machine
Secure Transactions
Security
Patents
Total third quarter 2012
Total third quarter 2011
Third quarter 2012 Revenue
283
48
146
98
0
575
486
Year-on-year variations at constant exchange rates
+16%
+3%
(1%)
+22%
ns
+11%
Olivier Piou, Chief Executive Officer, commented: “This quarter was marked by the great performance of Mobile Communication, which delivered on the surge in demand for our 4G-LTE and new form factor products ahead of the introduction of highly anticipated mobile devices. Our Platforms & Services activity also performed particularly well in all businesses with excellent execution of projects related to mobile payment, trusted service management and advanced over-the-air services. Security further added to the quarter’s results as government agencies and enterprises actively deployed our modern digital identity and authentication solutions. Overall, Gemalto continues to deliver on its strategy and the Company has initiated the preparation of its next development phase that will be presented during the second semester of 2013.”
1See basis of preparation on page 2, and appendix 3 of this document for more information on ongoing operations.
Basis of preparation of financial information
Ongoing operations
For a better understanding of the current and future year-on-year evolution of the business, the Company provides revenue from “ongoing operations” for both 2012 and 2011 reporting periods.
The adjusted income statement for ongoing operations excludes, as per the IFRS income statement, the contribution from discontinued operations to the income statement, and also the contribution from assets classified as held for sale and from other items not related to ongoing operations.
In this publication reported figures for ongoing operations only differ from figures for all operations by the contribution from assets held for sale.
Compared to revenue reported on the third quarter of 2011, 2011 revenue from ongoing operations for the third quarter 2011 reported in this publication was represented to also exclude the contribution from assets classified as held for sale in 2012.
Appendix 3 bridges the revenue for ongoing operations to the revenue for all operations.
Historical exchange rates and constant currency figures
Revenue variations are at constant exchange rates, except where otherwise noted.
The Company sells its products and services in a very large number of countries and is commonly remunerated in currencies other than the Euro. Fluctuations in these other currencies exchange rates against the Euro have in particular a translation impact on the reported Euro value of the Company revenues. Comparisons at constant exchange rates aim at eliminating the effect of currencies translation movements on the analysis of the Group revenue by translating prior year revenues at the same average exchange rate as applied in the current year.
General information
For the period, revenue for ongoing operations was up by +11% year-on-year at constant exchange rates to €575 million. It was up by +18% at historical exchange rates. Growth came from all regions with an especially good performance in all business segments in Asia, up +21% at constant exchange rates and +35% at historical exchange rates. Across the Company, Platforms & Services business posted a strong performance with revenue increasing by +17% at constant exchange rates and +22% at historical exchange rates over the same period of the previous year.
Total Company revenue for all operations reached €578 million and posted the same year-on-year growth rates as ongoing operations, +11% and +18% at constant exchange rates and at historical exchange rates respectively.
The strong growth observed this quarter evidences the progress of the Company in its different business segments and in particular in Mobile Communication. In that segment, as a result of the global introduction by customers of a number of wireless devices and the timing of acceptance of our own software platforms, the final quarter of 2011 showed a strong revenue step-up compared with the third quarter of 2011. As previously communicated, this marked 2011 seasonal pattern of revenue is not expected to repeat to the same extent in 2012 and a more usual variation is anticipated between the final quarter of 2012 and the preceding quarter.
Revenue variations by segment and by region are presented in appendix 1. Average exchange rates between the Euro and the US Dollar are presented in appendix 4.
The net cash position as at September 30, 2012 amounted to €244 million, representing an outflow of €51 million compared with the end of the second quarter. During the quarter, payments for acquisitions represented an outflow of €46 million and the net share buy-back outflow was €8 million.
Segment information
Mobile Communication
€ in millions
Third quarter 2012
Third quarter 2011
Revenue
283.4
229.2
Year-on-year variation at constant exchange rates
+16%
Mobile communication posted strong double-digit revenue growth to €283 million.
Platforms & Services revenue increased by +23% at constant exchange rates compared to the previous year. The growth came mainly from the delivery of Trusted Service Management (TSM) projects for mobile payment services and from record levels of remote activation services of 4G-LTE mobile devices subscriptions.
Embedded Software & Products revenue grew by +15% at constant exchange rates supported by a surge in demand for 4G-LTE and the new 4FF form factor for recently launched mobile devices. The deployment of Upteq NFC products in Asia and Europe also contributed to this growth.
Machine-to-Machine
€ in millions
Third quarter 2012
Third quarter 2011
Revenue
47.7
43.1
Year-on-year variation at constant exchange rates
+3%
The Machine-to-Machine segment posted revenue of €48 million, an increase of +3% at constant exchange rates. Following the same trend as the first semester, solid revenue growth in the Americas and in Asia more than compensated for slower activity in Western Europe. Demand for communication modules and data management services came from multiple industrial sectors that are integrating mobile connectivity into their product offerings.
Secure Transactions
€ in millions
Third quarter 2012
Third quarter 2011
Revenue
145.5
139.4
Year-on-year variation at constant exchange rates
(1%)
Secure Transactions consolidated the market position captured through last year’s third quarter (Revenue up +22% at constant exchange rates in third quarter 2011) with revenue progressing to €146 million, a +4% increase at historical exchange rates and a (1%) decrease at constant exchange rates. Demand for EMV technology and associated personalization services continues to support the segment’s activity in fast-growing economies as does the global demand for secure and convenient mobile payment solutions.
Security
€ in millions
Third quarter 2012
Third quarter 2011
Revenue
97.6
74.1
Year-on-year variation at constant exchange rates
+22%
Revenue in Security grew by +22% at constant exchange rates to €98 million with double-digit growth in both Government Programs and Identity & Access Management.
The deployment of electronic identity programs in both developed and fast-growing economies continued to support the Government Programs activity.
The demand from financial institutions that reinforce the security of their eBanking services through stronger authentication solutions drove the solid performance of Identity & Access Management.
Patents
€ in millions
Third quarter 2012
Third quarter 2011
Revenue
0.3
0.1
Year-on-year variation at constant exchange rates
ns
The activity in the Patents continues to be limited due to ongoing litigation initiated by the Company in the United States.
Additional information
Gemalto announced progress in several mobile payments projects, spanning its Mobile Financial Services portfolio. In particular:
In Mobile Contactless NFC, Gemalto achieved datacenter certification in early July and quickly thereafter launched nation-wide service operation in Singapore. Supported by the national Infocomm Development Authority (IDA) of Singapore, the project aims to deploy the particularly convenient NFC human interface to Singapore’s consumers through a consortium of local partners that includes mobile operators, financial institutions and service providers. This is the first time that the mobile operators and a range of other service providers join forces to launch nationwide NFC services to the general public using a unified, comprehensive Trusted Services Management solution.
Gemalto also grew its Mobile Payment Platform capabilities through a partnership with both Western Union and MoneyGram. These extensions introduce additional “Cash in/Cash out” end-points to the Gemalto LinqUs Mobile Payment Platform, enabling robust mobile money infrastructures and mobile remittance services.
Gemalto acquired Ericsson Internet Payment Exchange AB ("IPX") on October 1st, 2012, except the IPX US operation. IPX has developed one of the leading mobile payment and messaging platforms in the world, connecting more than 1,000 service providers to over 120 mobile network operators. IPX also operates payment platforms as a white label service for various operators. IPX will join Gemalto's Platforms & Services business in the Mobile Communications segment.
Related press releases:
Aug 3, 2012: Gemalto NFC Management Service Goes Live for Singapore
Sep 18, 2012: Gemalto Enables MoneyGram to Offer International Money Transfers on Mobile Devices
Sep 25, 2012: Gemalto Expands Mobile Payment Software Solution with Western Union’s International Remittance Service
Oct 1, 2012: Gemalto acquires mobile payment platform from Ericsson
A set of significant contracts were signed and announced in the Government Programs activity this quarter:
Sealys Secure Documents: US ePassport multi-year contract renewal Gemalto has been a primary supplier to GPO since inception of the Electronic Passport, which began deployment in the United States of America in 2005. During this new contract assessment phase, the Gemalto Sealys solution was thoroughly evaluated and confirmed to meet the stringent US agency requirements, in particular for privacy protection, production yield, durability, and communications technical performance. Since 2005, GPO has produced more than 80 million secure electronic passports.
Coesys Issuance solution: National registry creation in Gabon This program aims to build a reliable national biometric civil registry system, to replace paper identification with electronic documents, and to generate a secure electoral register ahead of the local 2013 elections. The agreement supports the nation’s ‘Emerging Gabon 2025’ strategic plan and aims at equipping the country with a modern and secure infrastructure to protect its citizens from identity fraud.
Related press releases:
Aug 14, 2012: United States Government Printing Office Awards Multi-Year Contract to Gemalto for ePassport Solution
Sep 20, 2012: Gemalto Selected to Build Secure and Reliable Biometric National Registry in Gabon
Outlook
For the full year 2012, Gemalto now expects its profit from operations to reach its 2013 target of €300 million, with all main segments increasing their revenue and profit, limited revenue from Patents, and less seasonality in Mobile Communication.
Live Audio Webcast and Conference call
Gemalto third quarter 2012 revenue presentation will be webcast in English today at 3pm Paris time (2pm London time and 9am New York time).
This listen-only live audio webcast of the presentation and the Q&A session will be accessible from our Investor Relations web site:
www.gemalto.com/investors
Questions will be taken by way of conference call. Investors and financial analysts wishing to ask questions should join the presentation by dialing:
(UK) +44 203 367 9456 or (US) +1 866 907 5925 or (FR) +33 1 7077 0935
The accompanying presentation slide set is also available for download on our Investor Relations web site.
Replays of the presentation and Q&A session will be available in webcast format on our Investor Relations web site approximately 3 hours after the conclusion of the presentation. Replays will be available for one year.
Reporting calendar
The full year 2012 results will be reported on Thursday March 14, 2013, before the opening of Euronext Paris.
ADR (American Depositary Receipt)
Gemalto has established a sponsored Level I American Depository Receipt (ADR) Program in the United States since November 2009. Each Gemalto ordinary share is represented by two ADRs. Gemalto’s ADRs trade in U.S. dollar and give access to the voting rights and to the dividends attached to the underlying Gemalto shares. The dividends are paid to investors in U.S. dollar, after being converted into U.S. dollar by the depository bank at the prevailing rate.
Structure: Sponsored Level I ADR Exchange: OTC Ratio (ORD:DR): 1:2 DR ISIN: US36863N2080 DR CUSIP: 36863N 208
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security with 2011 annual revenues of €2 billion and more than 10,000 employees operating out of 74 offices and 14 Research & Development centers in 43 countries.
We are at the heart of our evolving digital society. Billions of people worldwide increasingly want the freedom to communicate, travel, shop, bank, entertain and work – anytime, anywhere – in ways that are convenient, enjoyable and secure. Gemalto delivers on their expanding needs for personal mobile services, identity protection, payment security, authenticated online services, cloud computing access, modern ticketing systems, M2M communication, eHealthcare and eGovernment services.
Gemalto develops secure software that runs on trusted devices which we develop and personalize. We manage these devices, the confidential data they contain and the services they enable, throughout their life cycle. We innovate so that our clients can offer more ways of enhancing the convenience and security of their end-users’ digital lives.
Gemalto is thriving with the growing number of people using its software and secure devices to interact in the digital and wireless world.
For more information visit www.gemalto.com, www.justaskgemalto.com, blog.gemalto.com, or follow @gemalto on Twitter.
This communication does not constitute an offer to purchase or exchange or the solicitation of an offer to sell or exchange any securities of Gemalto.
This communication contains certain statements that are neither reported financial results nor other historical information and other statements concerning Gemalto. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, events, products and services and future performance. Forward-looking statements are generally identified by the words "expects", "anticipates", "believes", "intends", "estimates" and similar expressions. These and other information and statements contained in this communication constitute forward-looking statements for purposes of applicable securities laws. Although management of the Company believes that the expectations reflected in the forward-looking statements are reasonable, investors and security holders are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by the forward-looking information and statements, and the Company cannot guarantee future results, levels of activity, performance or achievements. Factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this communication include, but are not limited to: trends in wireless communication and mobile commerce markets; the Company's ability to develop new technology and the effects of competing technologies developed; effects of the intense competition in the Company's main markets; challenges to or loss of intellectual property rights; ability to establish and maintain strategic relationships in its major businesses; ability to develop and take advantage of new software, platforms and services; profitability of the expansion strategy; effects of acquisitions and investments; ability of the Company's to integrate acquired businesses, activities and companies according to expectations; ability of the Company to achieve the expected synergies from acquisitions; and changes in global, political, economic, business, competitive, market and regulatory forces. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of such forward-looking statements. The forward-looking statements contained in this communication speak only as of the date of this communication and the Company or its representatives are under no duty, and do not undertake, to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise except as required by applicable law or regulations.
Appendices
All variations in these appendices are comparing the revenue of the third quarter 2012 to the revenue of the third quarter 2011. For a better understanding of Gemalto’s year-on-year business evolution, the revenue figures have been calculated for ongoing operations, as described in the basis of preparation of this document, unless otherwise mentioned.
Appendix 1
Third quarter revenue by region
Ongoing operations (€ in millions)
Third quarter 2012
Third quarter 2011
Year-on-year variation at constant exchange rates
Year-on-year variation at historical exchange rates
EMEA
282
250
+9%
+13%
North & South America
174
148
+9%
+17%
Asia
119
88
+21%
+35%
Total revenue
575
486
+11%
+18%
Appendix 2
Revenue variations at constant and historical exchange rates
Ongoing operations (€ in millions)
Mobile Communication
Machine-to-Machine
Secure Transactions
Security
Patents
Total third quarter 2012
Total third quarter 2011
Revenue
283
48
146
98
0
575
486
Year-on-year variation at constant exchange rates
+16%
+3%
(1%)
+22%
ns
+11%
Year-on-year variation at historical exchange rates
+24%
+11%
+4%
+32%
ns
+18%
Appendix 3
Ongoing operations and total Company revenues
Ongoing operations
Revenue (€ in millions)
Mobile Communication
Machine-to-Machine
Secure Transactions
Security
Patents
Total Ongoing operations
Assets held for sale
Total Gemalto
Third quarter 2012
283
48
146
98
0
575
3
578
Third quarter 2011
229
43
139
74
0
486
4
490
Third quarter 2011 as reported
234
43
139
74
0
490
The assets held for sale comprise those that will be contributed to a joint venture under creation and other non-strategic assets currently being disposed (representing revenues of €4 million in third quarter 2011 and €3 million in third quarter of 2012, in Mobile Communication)
Appendix 4
Average exchange rates between the Euro and the US dollar
EUR/USD
2012
2011
First quarter
1.32
1.36
Second quarter
1.30
1.44
First half
1.31
1.40
Third quarter
1.24
1.44
Fourth quarter
1.37
Second half
1.41
Full year
1.40
Contacts
Gemalto
Investor Relations
Gabriel Rangoni, M.: +33(0) 6 1426 6956
gabriel.rangoni@gemalto.com
or
John Lineberger
john.lineberger@gemalto.com
or
Corporate Communication
Isabelle Marand, M.: +33(0) 6 1489 1817
isabelle.marand@gemalto.com
Cost control drives gains in operating cash flow
BUSINESS WIRE / ME NewsWire - SHENZHEN, China - Friday, October 26th 2012 [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 and network solutions, today announced its financial results for the first three quarters ended September 30, 2012.
Based on PRC ASBEs, the company’s operating revenue amounted to RMB 60.7 billion, an increase by approximately 5% compared to same period a year earlier. Net loss attributable to share holders of the parent company amounted to RMB 1.7 billion, representing a year-on-year reverse of 259.1%. According to the company, during the reporting period, ZTE’s operating cash flow increased by over RMB 6 billion compared to the same period of last year. During the period, selling and administrative expenses decreased without impacting the company’s commitment to research and development.
Balancing cash flow, profit and operating scale
ZTE is dedicated to balancing cash flow, profitability and operating scale. Throughout 2012, ZTE maintained its overall corporate development strategy with a focus on current and future corporate development. However, the tactical implementation of the company’s development methods was reviewed in light of current global economic uncertainties and the maturing network infrastructure market. In the third quarter of 2012, the company began implementing optimization measures as a result of this review process.
In the future, the overall corporate development strategy of the company also will reflect an increased focus to achieve a balance between cash flow, profitability and operating scale. In the past several years, ZTE established its position as a mainstream equipment supplier by penetrating major telecommunications markets including Europe, dramatically eroding the advantages previously held by industry leaders, allowing the company to seize the lucrative opportunities offered by network upgrades to 4G and other nascent technologies.
In the terminals division, the company’s smart devices won widespread recognition in high-end markets globally, positioning its brand and technology to seize China’s 4G market in the future. In wireless networks, the position of the company’s FDD-LTE and TD-LTE businesses globally has improved compared to the 3G era. In the TDD segment, ZTE is building commercial and trial TD-LTE networks for 33 internationally leading operators in 19 countries, and the company won the largest share in the recent TD-LTE tender by China Mobile. In fixed-broadband, the company is keeping its globally-leading position, with bearer network products maintaining good levels of profit margins.
In the third quarter, the balanced strategy is reaping initial benefits, with lower selling and administrative costs leading to large-scale improvement in operating cash flow. In the first nine months, ZTE posted a RMB 6 billion gain in operating cash flow compared to a year earlier, as customer-mix and receivables conditions improved. At the same time, ZTE posted a RMB 7 billion improvement in free cash flow from the same period a year earlier, as controls on capital spending strengthened. In terms of growth in free cash flow and operating cash flow, the performance in the third-quarter was the best in the past three years. ZTE is confident its cash flow will continue to strengthen in the near term, with improved levels of profitability, while the scale of the business will expand organically, allowing to company to achieve a top-3 position globally.
Growth in new markets: smart terminals, enterprise networks and managed services
In terms of geographical regions and product divisions, the company’s overall competitiveness will continue to increase as it takes advantage of its differentiation strategy. Geographically, the company will continue to focus on the long-term development of its business in Europe. It also will sustain its investment in the terminal market in the United States, while maintaining its leadership role in emerging markets. In terms of products, the company will focus on the key areas of wireless broadband, wired broadband, bearer networks, managed services, terminals and enterprise networks. The company also will consolidate product lines that offer low investment returns and limited potential.
In terms of new markets, ZTE will primarily focus on the development of smart terminals, government and corporate clients, and managed services. ZTE will build on its position as a global top-5 smart terminal vendor in the first three quarters, when it posted a dramatic improvement in gross profit margin in the terminal division. The company will continue to strengthen the competitiveness of its products and achieve further gains in profitability. In enterprise networks, the company will seek stable and rapid growth by exploiting its advantages in product standardization. The company posted fast business growth in the $200 billion managed services market.
The company will further strengthen efforts to control operating costs and cash flow, optimize business processes, improve operational efficiency and control potential contract risks. ZTE will manage employee numbers and maintain its commitment to research and development, allowing the company to exploit the window of opportunity opened by the development of LTE and other nascent technologies.
Looking ahead, ZTE believes that after 30 years of rapid development, the global telecommunications industry will enter a more stable growth phase, with a trend towards increased product specialization, as operators focus more on network efficiency and user experience. In recent years, the rapid growth of Internet-related industries has increased demand for telecommunications network bandwidth, prompting operators to increase investment in network infrastructure. This is also conducive to the expansion of ZTE’s existing solutions such as broadband bearer, broadband access and wireless broadband networks. For smart terminals, ZTE will continue cooperating with key international and domestic operators to drive higher revenue and profit. The company has long been aware of the rapid and healthy growth in telecommunications-related ICT industries. The company has been an early investor in these vibrant “blue-sea” sectors, and provided tailored solutions for enterprise networking, cloud-computing, and the Internet-of-Things.
The company is confident that by fine-tuning the development strategy, it can better address current and future market challenges, and achieve steady and robust growth.
Contacts
ZTE Corporation
Margrete Ma, +86 755 26775207
ma.gaili@zte.com.cn
or
Edelman PR
Diana Pong, +852 2837 4734
diana.pong@edelman.com
Andres Vejarano, +852 2837 4735
andres.vejarano@edelman.com
The Freedom of Information Act may not work for now especially in the political sector. This is because there is no information available to share with the public. None of the over 100 political parties have current information literature and educational literature that contains basic information about their parties. There is hardly any campaign for membership except during elections. Many have no functional offices, staff and websites. Most of their officials in charge of information do not have enough information to manage and many hardly understand their functions (For instance, they do not have full details of their officials and membership data). The regulators INEC do not currently have a comprehensive data of membership of political parties in the country neither do they monitor their activities perhaps except close to election periods. These affect the outcome of party primaries and facilitate rigging. There are hardly political orientations, voters’ education and monitoring of their activities. To make matters worse, the federal ministry of information website is inactive and most information obsolete. The contact phone numbers and e-mail addresses are non functional.
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LOUGHBOROUGH, England & NEW DELHI - Wednesday, October 24th 2012 [ME NewsWire]
India’s largest oil & gas company to explore use of hydrogen for various fuel cell power systems in the Indian market
(BUSINESS WIRE)-- Intelligent Energy, the global power technology company and Indian Oil Corporation Limited (IndianOil), India’s largest oil & gas company have signed a Statement of Intent to initiate demonstration projects and work collaboratively to develop the use of hydrogen in a range of fuel cell power systems in the Indian market. The Statement of Intent was signed by Dr. S.K. Sarangi, Executive Director, Alternate Energy, IndianOil and Dr. Henri Winand, CEO, Intelligent Energy in the presence of Mr. R.S. Butola, Chairman, IndianOil, at the PETROTECH-2012 event held in New Delhi, India.
Under the agreement, IndianOil and Intelligent Energy will prepare a multi-phased programme to demonstrate and eventually deploy hydrogen-based power systems applications. The collaboration will demonstrate the most appropriate applications for fuel cells using hydrogen generated by IndianOil. This will include exploring applications such as material handling, telecom towers and motive applications, with direct relevance to the growing need in India to adopt low-carbon and high air-quality power system technologies.
Dr. R. K. Malhotra, Director for R&D at Indian Oil Corporation Limited said:“IndianOil is at the forefront of exploring new technology innovations to support the burgeoning energy needs of the Indian subcontinent. We expect this relationship to be taken forward for demonstration of Hydrogen for various Fuel Cell applications”.
Dr. Henri Winand, CEO, Intelligent Energy, said:“Intelligent Energy and IndianOil share a similar vision and commitment to driving innovation in sustainable and more efficient power systems. We are very enthusiastic about the potential of this collaboration with India’s largest oil & gas company to address the very large market opportunities afforded by India’s continued economic growth.”
“Intelligent Energy provides a range of technologies that are key transition assets in the move to a more diverse range of energy sources, which can co-exist alongside hydrocarbons for the provision of energy in the 21st century,” Dr. Winand added.
IndianOil’s exploration of renewable energy is aimed not only towards the diversification of its energy portfolio but also to alleviate energy poverty and improve energy access at the ‘base of the pyramid’ in India. To find out more about IndianOil’s sustainability initiatives, please visit http://www.iocl.com/Aboutus/sustainability.aspx.
About Indian Oil Corporation Limited
IndianOil is India's flagship national oil company, with business interests that straddles the entire hydrocarbon value chain – from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas as well as marketing of natural gas and petrochemicals. It is the highest ranked Indian corporate in the prestigious Fortune 'Global 500' listing, ranked at the 83rd position in the year 2012. IndianOil and its subsidiaries have a dominant share of the petroleum products market, national refining capacity and downstream sector pipelines capacity in India. IndianOil and its subsidiaries own and operate 10 of India's 22 refineries has a formidable network of over 37,000 customer touch-points dotting the landscape, across urban and rural India besides having a portfolio of powerful energy brands like Indane LPGas, SERVO lubricants, XtraPremium petrol, XtraMile diesel and PROPEL petrochemicals
For more information on IndianOil Corporation Limited, please visit www.iocl.com
About Intelligent Energy
Intelligent Energy is a leading power technology company, with a globally scalable business model. The company enables partners and clients to commercialise its proprietary fuel cell technology for the Motive, Stationary Power and Consumer Electronics sectors.
Intelligent Energy’s proprietary fuel cell systems are powerful, compact and simple to construct, which drives its resource efficient strategy to ‘design once, deploy many times’. This approach enables partners to accelerate and de-risk their go-to-market plans.
In early 2012, Intelligent Energy and the Suzuki Motor Corporation formed a joint venture company - Smile Fuel Cell System Corporation, to develop and manufacture air-cooled fuel cell systems for zero emission vehicles and a range of other industry sectors. Intelligent Energy was also the lead partner in a consortium, delivering a fleet of zero emission Fuel Cell Electric Cabs onto London’s roads in 2012.
Intelligent Energy was born out of Loughborough University and was established in 2001. It now employs over 250 staff at its headquarters in Loughborough with offices situated in London, California, India and Japan.
In addition to visiting the Intelligent Energy website, more information is available via Twitter, YouTube, Flickr, Tumblr and LinkedIn.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50450542&lang=en
*Image 1: Seated left to right: Dr. S.K. Sarangi, Executive Director-Alternative Energy, IndianOil; Dr. Henri Winand, CEO, Intelligent Energy Standing left to right: Dr. R.K. Malhotra, Director-R&D and Board Member, IndianOil; Mr. R.S. Butola, Chairman, IndianOil; Mr. Arun Nemani, Vice President-India, Intelligent Energy Agreement signed on 16-Oct-2012 at PETROTECH-2012 in New Delhi, India (Photo: Business Wire)
Contacts
Dr. Jon Moore
Director of Communications, Intelligent Energy
jon.moore@intelligent-energy.com
+44 15092 71271
Sukul M. Bagai
Racepoint Group for Intelligent Energy
sukul.bagai@racepointgroup.com
+44 20 8811 2474
BUSINESS WIRE / ME NewsWire CANNES, France, Tuesday, October 23rd 2012
In recognition of the relationship between two American icons, Jack Daniel’s Tennessee Whiskey, in association with Frank Sinatra Enterprises (FSE), is launching a new ultra-premium expression in Travel Retail this October. Crafted from special “Sinatra barrels” the Jack Daniel’s Sinatra Select is bottled at 90 proof and comes in a specially designed one-liter bottle. The premium package also includes a specially designed gift box and book telling the story of the legendary Jack Daniel’s and Frank Sinatra relationship. A Travel Retail exclusive, the suggested retail price for Jack Daniel’s Sinatra Select will be determined market-to-market.
Commenting on the special Jack Daniel’s offering honoring his father, Frank Sinatra, Jr. said that “Dad would be very flattered by the association.
“This fine Tennessee Whiskey, or Old No. 7 as he referred to it, was a favorite part of my father’s life and he loved both sharing it with his friends and introducing it to new acquaintances. I’m very pleased to continue to be a part of the Jack Daniel’s family and feel the introduction of Sinatra Select is an appropriate tribute as we near my father’s 100th birthday in 2015,” said Sinatra, Jr.
According to Jim Perry, managing director for Brown-Forman Travel Retail the parent brand of Jack Daniel’s, the idea for a Jack Daniel’s premium whiskey to salute “Ol’ Blue Eyes” has been suggested for many years.
“It was common knowledge both within the entertainment industry and in the world of Jack Daniel’s that Frank was one of Jack’s biggest and most loyal fans. He often referred to his favorite whiskey as the ‘Nectar of the Gods.’ In discussing this special edition Jack Daniel’s, the Sinatra family responded with a great deal of enthusiasm. All Frank’s children were vocal and encouraging in their endorsement. We feel that Jack Daniel’s Sinatra Select will quickly become a cherished item for your home bar and encourage folks to enjoy this superb whiskey,” Perry added.
On stages throughout the world from 1950s thru the 1990s, Sinatra would always offer a toast to his audience with a glass of Jack Daniel’s in his hand.
Hand selected by the Master Distiller Jeff Arnett, “Sinatra barrels” used to make the product were crafted to provide an extra full character and darker rich amber color by exposing the spirit to extra layers of toasted wood on the inner surface of the barrels. The extra rich barrels were mingled with classic Old No. 7 Tennessee Whiskey and bottled at 90 proof resulting in a character that is full of oak and spice notes with an exceedingly smooth vanilla finish. The smooth, bold character of the whiskey is meant to embody the smooth, bold character of the man.
In addition to Travel Retail, Jack Daniel’s Sinatra Select will be available at the Jack Daniel’s Distillery in Lynchburg, Tennessee in 2013.
Jack Daniel’s Sinatra Selectwas introduced on October 23, 2012 at the Tax Free World Association meeting in Cannes, France. The news conference was attended by Frank Sinatra, Jr., who later performed at the launch event for the product honoring his father.
About Jack Daniel’s
Officially registered by the U.S. Government in 1866 and based in Lynchburg, Tenn., the Jack Daniel Distillery, Lem Motlow, proprietor, is the oldest registered distillery in the United States and is on the National Register of Historic Places. Jack Daniel’s is the maker of the world-famous Jack Daniel’s Old No. 7 Tennessee Whiskey, Gentleman Jack Rare Tennessee Whiskey, Jack Daniel’s Single Barrel Tennessee Whiskey, Jack Daniel’s Tennessee Honey, Jack Daniel’s Tennessee Whiskey-Based Ready-to-Drink Beverages and Jack Daniel’s Country Cocktails.
Frank Sinatra Enterprises (FSE)
Frank Sinatra Enterprises (FSE) is a joint venture between the Sinatra family and Warner Music Group. FSE owns Sinatra recordings from the Reprise era as well as a treasure trove of films, television specials and unreleased footage, photos and audio recordings, which collectively represent one of the foremost bodies of artistic work of the modern era. FSE also owns and manages Sinatra’s name and likeness rights and represents the artist’s rights to Columbia and Capitol catalogues. FSE evaluates innovative new products and venture opportunities with respect to the legendary entertainer’s name and likeness, as well as Sinatra’s audio and visual recordings. (www.sinatra.com)
Jack Daniel’s encourages its friends to drink responsibly.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50449822&lang=en
Contacts
Brown-Forman Corporation
Rick Bubenhofer, 502-644-6260
rick_bubenhofer@b-f.com
ME Newswire / Business Wire
AMSTERDAM - Tuesday, October 23rd 2012
Regulatory News:
Gemalto, the world leader in digital security announces having won the prestigious Asian Human Capital Award 2012. The award honors innovative and impactful people practices adopted by organizations with a presence in Asia. Gemalto was recognized for the company’s human capital strategy of Sustainable Innovation Leadership. It is the first time that a European company wins the award.
This Sustainable Innovation Leadership awardpraises Gemalto’s key Human Resource practices that emphasize promotion from within, structure talent maturity through its “3 Axis Mobility” approach which allows employees to move across geographies, functions and business units, grow managers as humanistic developers, encourage employee development and foster a culture of innovation. In addition, Gemalto’s senior management was pointed out for being strongly involved in the shaping of the company’s Human Resource practices and in employee development.
“‘People’ is one of Gemalto’s three core values1“ said Olivier Piou, Chief Executive Officer of Gemalto. “We believe our people are the core of our Company’s success, and our commitment to our employees gives Gemalto the competitive advantage to excel now and in the future. No company has ever failed for having grown too many talents!”
In Asia, Gemalto has developed 17 programs specifically to address the region’s uniqueness and culture, in addition to the company-wide corporate programs around the world.
“Being recognized by the Asian Human Capital Award for Gemalto’s innovative human capital strategy of Sustainable Innovation Leadership is most encouraging” added Tan Teck Lee, Chief Innovation & Technology Officer and Asia President of Gemalto.“On top of Gemalto’s global programs, our 17 Asian programs for leadership development, recognition and innovation enable employees to develop local and global careers. We are building a strong workforce and are pleased to be able to attract the top talent in the region.”
The Asian Human Capital Award is jointly sponsored by INSEAD, CNBC Asia, the Singapore Ministry of Manpower and the Human Capital Leadership Institute (HCLI). This year’s award was picked from 10 final nominees shortlisted out of 63 companies.
1Gemalto’s core values: People: We value their diversity, encourage teamwork and conduct ourselves with integrity. Customers:We put their needs at the center of all we do, develop partnerships and exceed their expectations Innovation:We continually develop valuable new ideas and creative approaches to business and technology challenges
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the world leader in digital securitywith 2011 annual revenues of €2 billion and more than 10,000 employees operating out of 74 offices and 14 Research & Development centers, located in 43 countries.
We are at the heart of the rapidly evolving digital society. Billions of people worldwide increasingly want the freedom to communicate, travel, shop, bank, entertain and work – anytime, everywhere – in ways that are enjoyable and safe. Gemalto delivers on their expanding needs for personal mobile services, payment security, authenticated cloud access, identity and privacy protection, eHealthcare and eGovernment efficiency, convenient ticketing and dependable machine-to-machine (M2M) applications.
Gemalto develops secure embedded software and secure products which we design and personalize. Our platforms and services manage these secure products, the confidential data they contain and the trusted end-user services they enable. Our innovations offer more ways for our clients to enhance the convenience and security of people’s digital lives.
Gemalto thrives with the growing number of people using its solutions to interact with the digital and wireless world.
For more information visit www.gemalto.com, www.justaskgemalto.com, blog.gemalto.com, or follow @gemaltoon Twitter.
Contacts
Gemalto Media
Asia Pacific
Yvonne Lim, +65 6317 3730
yvonne.lim@gemalto.com
North America
Nicole Smith, +1 512 758 8921
nicole.smith@gemalto.com
Latin America
Ernesto Haikewitsch, +55 11 51 05 92 20
ernesto.haikewitsch@gemalto.com
Europe, Middle East & Africa
Kristel Teyras, +33 1 55 01 57 89
kristel.teyras@gemalto.com
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BUSINESS WIRE / ME NewsWire SHANGHAI - Monday, October 22nd 2012
The world’s leading pulp and paper manufacturer Asia Pulp & Paper Group (APP) and China Business News, one of the top business publications in China, have jointly initiated a new corporate social responsibility initiative aiming to enhance awareness of personal hygiene and help cultivate healthier lifestyle habits among youths living in China’s rural areas. As part of the initiative, APP-China will collaborate with schools in rural regions to support and educate students on the proper use of paper products to maintain their hygiene and health.
The new joint initiative commences with a pilot program in Hainan province in China, following a two-month extensive study1 on the hygiene and lifestyle habits of rural school children in China, conducted by China Business News and the Guangdong College of Pharmacy2. Offering insight into the personal hygiene conditions of children living in China’s rural regions, the survey found that the practice of proper hygiene habits among rural students was far behind that of students residing in cities within the same age groups, emerging as a widespread problem resulting from the disparity of development in different regions of the country.
Results of the study indicated that the practice of basic personal hygiene habits was lacking among those surveyed, contributing to a mere 50% habit rate. Particularly, the findings suggest that 80% of the children surveyed rarely or had never used tissue paper for sanitary purposes at schools.
According to the study, these unhygienic habits are rife among children living in rural areas due to the absence of proper personal hygiene concepts, signifying the need for further educational efforts.
In light of these findings, APP-China has proactively joined hands with China Business News in launching the new corporate social responsibility program, spearheading efforts to promote awareness of personal hygiene and proper lifestyle habits among school children in rural areas as the basis for positive development in their lives.
Commenting on the program, Ms. Liu Fang, Deputy Director of China Business News’ CSR Division, expressed confidence in the new program. “We are delighted to collaborate with APP-China on this meaningful endeavor, which extends corporate social responsibility to the realm of education and providing guidance for our younger generation.”
To highlight the role of household paper use in maintaining personal hygiene, APP-China and its subsidiary Gold Hongye Paper have donated various sanitary paper products worth over 50,000 yuan (almost USD $8,000) to the local Yangpu Number One Elementary School for this semester, as the first step in an initiative that underlines APP-China’s corporate citizenship with combined offerings of its products and expertise.
To further emphasize the importance of the school environment and education in cultivating the best habits in children, experts from APP’s Hainan mill facility Jinhai Pulp & Paper collaborated with the school in a pilot initiative to give introductory classes on environmental protection, with the aim to instill in students concepts of good lifestyle and hygiene habits that contribute to protection of the environment. The mill also arranged a tour for students to visit its production facilities, enlightening them on the importance of paper as a precious resource.
“As an enterprise firmly committed to corporate citizenship and aiding local community development in China, APP will continue its strong efforts in rural regions to help our next generation foster appropriate and positive habits that will benefit their health and growth in the long run,” said Kevin Zhang, PR Director of APP-China.
As an ongoing and long-term initiative, APP-China will continue to engage different schools in China’s rural regions as partners in this CSR program, incorporating paper donations, enhancement of school facilities, student volunteer teams and mill visits to foster maximum awareness among students.
About APP-China
Asia Pulp & Paper Group (APP) is one of the world’s leading pulp and paper companies and is ranked one of the largest vertically-integrated pulp and paper producers in Asia. Since APP started investing in China in the early 1990s, it has over 20 pulp and paper mills in the form of subsidiaries or joint ventures, as well as forest plantations with a total area over 300,000 hectares. With over 39,200 employees, APP-China had a total production capability of 9.5 million tons in 2011. By the end of 2011, APP-China had spent RMB 6 billion (USD $937.5 million) in environmental protection facilities and RMB 600 million (USD $93.75 million) in various charitable causes and community development projects across the country. For more information, please visit www.app.com.cn.
1The survey was conducted on 395 elementary school students in Northern Guangdong province.
2The Guangdong College of Pharmacy is a public university based in Guangzhou, Guangdong province which offers courses in pharmaceutical sciences. The University was established in 1958 as the Guangdong provincial health department's advanced studies college.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50447067&lang=en
Contacts
APP-China
July Cheng, (86 21) 6335 2222 (ext.7538)
Julycheng@app.com.cn
ME Newswire / Business Wire
HOUSTON - Monday, October 22nd 2012
Schlumberger Limited (NYSE:SLB) today reported third-quarter 2012 revenue of $10.61 billion versus $10.45 billion in the second quarter of 2012, and $9.55 billion in the third quarter of 2011.
Income from continuing operations attributable to Schlumberger, excluding charges and credits, was $1.44 billion—an increase of 3% sequentially and 10% year-on-year. Diluted earnings-per-share from continuing operations, excluding charges and credits, was $1.08 versus $1.05 in the previous quarter, and $0.96 in the third quarter of 2011.
Schlumberger recorded charges of $0.02 per share in each of the third and second quarters of 2012 and the third quarter of 2011.
Oilfield Services revenue of $10.61 billion increased 2% sequentially and 11% year-on-year. Oilfield Services pretax operating income of $2.14 billion increased 2% sequentially and 11% year-on-year.
Schlumberger CEO Paal Kibsgaard commented, “Our third-quarter results reflected steady international growth although performance in regional markets varied through activity mix and changes to project schedules. Key markets, both on land and offshore, continued to drive performance as international demand for reservoir characterization and drilling services more than offset weakness in the North America pressure pumping market.
Both Middle East & Asia and Europe/CIS/Africa Areas delivered strong results, while Latin America revenue was flat with the previous quarter due to operational delays, project mobilizations and changes in activity mix. In North America, a slow seasonal recovery in Canada, falling US land rig count, continued oversupply of hydraulic fracturing capacity, and the effects of Hurricane Isaac all impacted performance.
International pricing continued a steady upwards trend during the quarter, driven by higher sales of new technology and strong operational performance. Service capacity remained tight for Seismic, Wireline and Drilling & Measurements services, and we also saw signs of capacity tightening in our Well Testing business. Schlumberger Production Management continued to ramp-up operations on the Shushufindi project in Ecuador and the Carrizo field in Mexico, and we started mobilizing for the Panuco project, also in Mexico.
Among new Schlumberger technologies, HiWAY stimulation activity continued to grow, the first commercial IsoMetrix marine seismic acquisition was completed and we introduced several new and unique Wireline services during the quarter.
Against these results, there continues to be uncertainty surrounding the outlook for the global economy. Central bank interventions in the US and in Europe, together with signs of a managed slowdown in the Chinese economy, left estimates for future world GDP growth largely unchanged. At the same time, the balance of oil supply and demand continues to be tight, with continued production challenges in non-OPEC countries, and OPEC spare capacity remaining close to a five-year low. This overall landscape leads us to believe that oil prices will be supported around current levels although remaining subject to volatility.
We still expect our international activity to grow in excess of 10% in 2012. In North America on the other hand, the strength in Gulf of Mexico activity will continue to be challenged by weakness in the land hydraulic fracturing market and early signs of softening in the land coiled-tubing business.
In this market we will continue to maintain a relentless focus on the quality and efficiency of our execution. This, in combination with our balanced technology portfolio and unmatched international strength, creates an environment in which Schlumberger is very favorably placed to deliver superior financial results.”
To view the full report and tables please click here.
Contacts
Schlumberger Limited
Malcolm Theobald, +1 (713) 375-3535
Vice President of Investor Relations
Joy V. Domingo, +1 (713) 375-3535
Manager of Investor Relations
investor-relations@slb.com
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One of the paradoxes of life is that being "normal" or
"reasonable" often means settling for ordinary results,
while success requires that we be different and sometimes,
uncomfortable. By definition, high achievers are not
"average" people!
All of us have been pressured to conform at one time or
another. We've been told to "sit still" in school, to "stop
interrupting" or "not make a scene." We've been criticized
for dressing, speaking, acting or being "different." The
not-so-subtle pressures to accept conventional norms are
powerful. "To get along, you have to go along."
Well. Madame Currie, Florence Nightingale, Helen Keller,
Amelia Earhart, Eleanor Roosevelt, and Oprah Winfrey are not
admired because they were "average" people! Thomas
Jefferson, Thomas Edison, Charles Lindbergh, Franklin
Roosevelt and Bill Gates were not "conventional" people.
Abraham Lincoln is widely regarded as the greatest American
president, yet the thing he was most known for among his
friends was his obnoxious refusal to quit running for
office, even after he lost thirty-two elections! That is
definitely NOT normal!
One of the things that has made America great is their love of
individuality. Americans have always had a healthy respect for their
"mad inventors." The Wright brothers thought they could fly!
Henry Ford thought he could put a car in every garage. Ben
Franklin flew a kite in a thunderstorm (didn't his mother
tell him to come in out of the rain?). Mary Kay thought she
could make a living selling make-up, while Mrs. Field tried
to support her family selling cookies! That's just crazy!
Now, we need to tell the truth here. A lot of crazy ideas
really are. . .crazy. We've all had brilliant ideas in the
middle of the night, only to find in the clear light of day
they weren't worth pursuing. I've made many fortunes while
taking my shower, only to find them going down the drain
when I tried to tell my partners about them. Just because an
idea is weird doesn't mean it's wonderful.
But many great ideas (and the fortunes) have been lost
because the genius who thought it up was shy. Or lacked
courage. Or was intimidated by someone's comment that, "You
can't do that!"
All great ideas are crazy before they become brilliant.
Alexander Bell thought he could talk over copper wires, and
even worse, Marconi thought he could send messages through
thin air! When David Sarnoff wanted to launch the first
radio network (now NBC), one investor ridiculed him by
asking, "Who would pay to send a message to no one in
particular?" Jules Verne thought people might one day travel
under the ocean or, even more ridiculous, fly in outer
space. How crazy was that!?
If you can read this, you are a genius. You have thousands
of wonderful, creative, brilliant ideas--most of which
you've never pursued. And that's a shame.
Success is not achieved by being "ordinary." Rather, success
is the predictable result of following your own path and
trusting your own instincts, whether or not your neighbors
understand.
One of my heroes, Henry Thoreau, recommended "march to beat
of your own drummer."
Franklin Roosevelt was in a wheelchair, and who ever heard
of a cripple running for President? Barbra Streisand wasn't
"pretty enough" to be a star, and Elvis was so provocative
he was banned in communities across the country. Bill Gates
dropped out of Harvard to "write code." Steve Jobs was not
an easy guy to be around. And who would have thought a bi-
racial kid from Indonesia could become President?
To achieve your unique version of success, follow your
heart. Yes, you'll want to learn from others. Yes, you'll
want to obey the law and applicable regulations, but aside
from those things, you become great by being exactly and
uniquely yourself.
This is a call for more eccentrics, more individuals, more
creative, unrepentant adventurers. Go where your heart and
your instincts lead you. Instead of following the "normal"
highway, blaze a new path and leave a trail for others to
follow.
"average" people!
All of us have been pressured to conform at one time or
another. We've been told to "sit still" in school, to "stop
interrupting" or "not make a scene." We've been criticized
for dressing, speaking, acting or being "different." The
not-so-subtle pressures to accept conventional norms are
powerful. "To get along, you have to go along."
Well. Madame Currie, Florence Nightingale, Helen Keller,
Amelia Earhart, Eleanor Roosevelt, and Oprah Winfrey are not
admired because they were "average" people! Thomas
Jefferson, Thomas Edison, Charles Lindbergh, Franklin
Roosevelt and Bill Gates were not "conventional" people.
Abraham Lincoln is widely regarded as the greatest American
president, yet the thing he was most known for among his
friends was his obnoxious refusal to quit running for
office, even after he lost thirty-two elections! That is
definitely NOT normal!
One of the things that has made America great is their love of
individuality. Americans have always had a healthy respect for their
"mad inventors." The Wright brothers thought they could fly!
Henry Ford thought he could put a car in every garage. Ben
Franklin flew a kite in a thunderstorm (didn't his mother
tell him to come in out of the rain?). Mary Kay thought she
could make a living selling make-up, while Mrs. Field tried
to support her family selling cookies! That's just crazy!
Now, we need to tell the truth here. A lot of crazy ideas
really are. . .crazy. We've all had brilliant ideas in the
middle of the night, only to find in the clear light of day
they weren't worth pursuing. I've made many fortunes while
taking my shower, only to find them going down the drain
when I tried to tell my partners about them. Just because an
idea is weird doesn't mean it's wonderful.
But many great ideas (and the fortunes) have been lost
because the genius who thought it up was shy. Or lacked
courage. Or was intimidated by someone's comment that, "You
can't do that!"
All great ideas are crazy before they become brilliant.
Alexander Bell thought he could talk over copper wires, and
even worse, Marconi thought he could send messages through
thin air! When David Sarnoff wanted to launch the first
radio network (now NBC), one investor ridiculed him by
asking, "Who would pay to send a message to no one in
particular?" Jules Verne thought people might one day travel
under the ocean or, even more ridiculous, fly in outer
space. How crazy was that!?
If you can read this, you are a genius. You have thousands
of wonderful, creative, brilliant ideas--most of which
you've never pursued. And that's a shame.
Success is not achieved by being "ordinary." Rather, success
is the predictable result of following your own path and
trusting your own instincts, whether or not your neighbors
understand.
One of my heroes, Henry Thoreau, recommended "march to beat
of your own drummer."
Franklin Roosevelt was in a wheelchair, and who ever heard
of a cripple running for President? Barbra Streisand wasn't
"pretty enough" to be a star, and Elvis was so provocative
he was banned in communities across the country. Bill Gates
dropped out of Harvard to "write code." Steve Jobs was not
an easy guy to be around. And who would have thought a bi-
racial kid from Indonesia could become President?
To achieve your unique version of success, follow your
heart. Yes, you'll want to learn from others. Yes, you'll
want to obey the law and applicable regulations, but aside
from those things, you become great by being exactly and
uniquely yourself.
This is a call for more eccentrics, more individuals, more
creative, unrepentant adventurers. Go where your heart and
your instincts lead you. Instead of following the "normal"
highway, blaze a new path and leave a trail for others to
follow.
Written By Walcott Braide
Members can earn 1,000 Bonus Points per night Thursday through Monday
MCLEAN, Va. - Sunday, October 21st 2012 [ME NewsWire]
(BUSINESS WIRE)-- Whether it is extending a business trip, planning a last-minute escape or enjoying extra days on a family vacation, this November and December, Hilton HHonors, the loyalty program for Hilton Worldwide’s 10 distinct hotel brands, is providing travelers with an extra incentive to plan weekend travel through its latest global promotion, 1,000 Reasons.
From November 1, 2012 through December 31, 2012, members will earn 1,000 Bonus Points per night for hotel stays completed Thursday through Monday at participating 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.
“Weekend travel is always rewarding for HHonors members, but now, even more so, the 1,000 Reasons promotion helps members earn their way, faster, to even more unforgettable travel experiences with family and friends,” said Jeff Diskin, senior vice president, global customer marketing, Hilton Worldwide.
To participate in the 1,000 Reasons promotion, members can register at HHonors.com/1000Reasons. Hotel stays can be booked with the promotion between now and December 31, 2012. For more information or to become a Hilton HHonors member, visit HHonors.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.comfor more information and connect with Hilton Worldwide at www.facebook.com/hiltonworldwide, www.twitter.com/hiltonworldwide, www.youtube.com/hiltonworldwide, www.flickr.com/hiltonworldwideand www.linkedin.com/company/hilton-worldwide.
About Hilton HHonors
Hilton HHonors, the award-winning guest-loyalty program for Hilton Worldwide’s 10 distinct hotel brands, offers its 34 million members more ways to earn and redeem points than any other guest-loyalty program, enabling them to create experiences worth sharing at more than 3,900 hotels in 90 countries. HHonors members can now redeem points for any room, anywhere, anytime, including the most luxurious suites, using any of four room rewards: Premium Room Rewards, Room Upgrade Rewards, Points & Money Rewards and Standard Room Rewards. In addition, HHonors members can use points to purchase unique experience rewards, merchandise and vacation packages, make charitable contributions and more. HHonors is also the only guest-loyalty program to offer ‘No Blackout Dates’ and ‘Points & Miles’ for the same stay at its properties worldwide, including participating 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. Membership in HHonors is free, and travelers may enroll online by visiting www.HiltonHHonors.comor connect with Hilton HHonors at news.hiltonhhonors.com.
Contacts
Scott Carman
Hilton Worldwide
(703) 883-5803
scott.carman@hilton.com
news.hiltonhhonors.com
