Welcome!

Microsoft Cloud Authors: Pat Romanski, Srinivasan Sundara Rajan, Glenn Rossman, Janakiram MSV, Steven Mandel

News Feed Item

WiLAN Reports Third Quarter 2012 Financial Results

OTTAWA, CANADA -- (Marketwire) -- 11/06/12 -- Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN)(NASDAQ:WILN) today announced financial results for the third quarter of fiscal year 2012 ended September 30, 2012. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated.

Third Quarter 2012 Highlights


--  Revenues of $21.3 million, exceeding our guidance of $19.9 million. 
--  Adjusted earnings(i) of $9.3 million, or 8 cents per share. 
--  Order issued consolidating two litigations involving Apple, HTC and
    other parties, beginning of trial proceedings against Apple and other
    parties advanced by six months. 
--  Signed a licensing partnership agreement with SENSIO Technologies Inc. 
--  Invested $19.0 million to acquire a portfolio of more than 150 patents
    and applications, with broad applicability to 4G infrastructure and
    handsets, from Alvarion Inc. 
--  Acquired a portfolio of more than 40 patents and applications from
    Siemens AG related to telecommunication network management and mobile
    multimedia. 
--  Returned $4.8 million to shareholders in dividend and share buyback
    payments. 
--  Generated $9.8 million in cash from operations. 
--  Held cash and cash equivalents and short-term investments of $173.2
    million at September 30, 2012. 

"WiLAN delivered strong financial performance in the third quarter of 2012," said Jim Skippen, President & CEO. "New license agreements signed in the quarter resulted in our revenue exceeding guidance."

Added Skippen, "We continued to invest in the future of our business with the purchase of a portfolio of 4G-related patents from Alvarion that we believe add significant value to prospective licensees of our wireless technology portfolio. True to our word that we are prepared to use litigation to encourage prospective licensees to come to the table for serious negotiations, we stepped up our litigation efforts early in the fourth quarter with the launching of four new litigations."

Eligible Dividend

The Board of Directors has declared an eligible dividend of CDN $0.035 per common share to be paid on January 7, 2012 to shareholders of record on December 14, 2012.

Third Quarter 2012 Revenue Review

In the three month period ended September 30, 2012, WiLAN generated revenues of $21.3 million, as compared to $27.8 million in the three month period ended September 30, 2011. The decrease in revenue compared to the prior year period is primarily attributable to the timing of fixed payment amounts as a result of the significant license agreements signed during the first quarter of 2011, some of which required payments that were one-time in nature and some of which had more significant upfront payments. For the three month period ended September 30, 2012, the top 10 licensees accounted for 86% of revenues, whereas the top 10 accounted for 80% of revenues in the three month period ended September 30, 2011.

Third Quarter 2012 Operating Expense Review

In the three month period ended September 30, 2012, cost of revenue totaled $7.7 million as compared to $7.2 million in the three month period ended September 30, 2011. For the nine month period ended September 30, 2012, cost of revenues totaled $22.1 million as compared to $19.6 million in the same period last year. The increase in expenses for the three and nine months ended September 30, 2012 is primarily attributable to an increase in compensation costs as a result of increased staffing levels, and amortization expense as a result of patent acquisitions we completed during fiscal 2011, partially offset by a decrease in royalties.


                                  Three months ended       Nine months ended
                            ------------------------------------------------
                               September   September   September   September
                                30, 2012    30, 2011    30, 2012    30, 2011
                            ------------------------------------------------
                                                                            
Patent licensing              $    1,018  $    1,591  $    3,175  $    3,335
Amortization of patents            6,413       5,456      18,264      15,784
Stock-based compensation             224         189         684         482
                            ------------------------------------------------
                              $    7,655  $    7,236  $   22,123  $   19,601
                            ------------------------------------------------

Marketing, general and administrative ("MG&A") expenses represent the cost of litigation and all corporate services. For the three months ended September 30, 2012, MG&A expenses amounted to $10.4 million as compared to $5.1 million for the three months ended September 30, 2011. The increase in spending for the three months ended September 30, 2012 is primarily attributable to an increase in litigation expenses partially offset by a decrease in incentive costs and stock-based compensation.


                                  Three months ended       Nine months ended
                            ------------------------------------------------
                               September   September   September   September
                                30, 2012    30, 2011    30, 2012    30, 2011
                            ------------------------------------------------
                                                                            
Non-litigation related                                                      
 Marketing, general and                                                     
 administrative costs         $    2,546  $    2,113  $    7,356  $    6,024
Litigation expense                 7,096       1,231      16,793      14,873
Incentive costs                        -         557           -       1,629
Asset write-off related to                                                  
 restructuring                         -           -         209           -
Depreciation                         104         123         376         322
Stock-based compensation             637       1,103       1,850       2,094
                            ------------------------------------------------
                              $   10,383  $    5,127  $   26,584  $   24,942
                            ------------------------------------------------

For the three months ended September 30, 2012, litigation expenses amounted to $7.1 million compared to $1.2 million for the same period last year. The increase in litigation expenses over the prior year period is partially attributable to an increased level of effort in three separate patent infringement litigations in the U.S. District Court for the Eastern District of Texas ("EDTX"). The increased level of effort was required in ongoing preparations for two Markman Hearings that are scheduled to take place in February 2013 and preparations for a trial that is scheduled to begin in April 2013. The increase in litigation expenses is also due to the conduct of proceedings in a patent infringement litigation in the U.S. District Court for the Southern District of Florida that was filed in January 2012 and preparation for litigations launched early in the fourth quarter of 2012.

Third Quarter 2012 Earnings Review

In the third quarter ended September 30, 2012, WiLAN generated adjusted earnings of $9.3 million or 8 cents per share as compared to $22.8 million, or 18 cents per share, in the comparative period. The decrease in adjusted earnings between the reporting periods is primarily attributable to lower revenues and higher investment in litigation, for the purpose of driving future revenue growth.

The Company's GAAP earnings were $2.2 million, or 2 cents per share on a basic level, in the three month period ended September 30, 2012, as compared to GAAP earnings of $7.3 million, or 6 cents per share on a basic level, in the same period last year.

Third Quarter 2012 Balance Sheet and Cash Flow Review

At September 30, 2012, the Company's net cash, comprised of cash and cash equivalents and short-term investments, totaled $173.2 million, representing a decrease of $260.5 million from the net cash position at December 30, 2011. The decrease is primarily attributable to the retirement of the Debenture, the acquisition of patents and other intangibles totaling $24.3 million, the returning of $26.1 million to shareholders in dividend and share buyback payments, offset by $28.1 million in cash generated from operations. The Company's cash equivalents and short-term investments include T-bills, term deposits and GICs.

During the third quarter ended September 30, 2012, the Company generated $9.8 million of cash from operations and returned $4.8 million to shareholders in share buyback and dividend payments.

Fourth Quarter 2012 Financial Guidance

For the fourth quarter 2012 ending December 31, 2012, the Company expects revenue to be at least $20.7 million. This revenue guidance does not include the potential impact of any new agreements that may be signed during the balance of the fourth quarter of 2012 or the potential impact of any royalties identified in audits conducted by the Company. Operating expenses for the fourth quarter are expected to be in the range of $12.8 million to $14.5 million of which $7.7 million to $8.7 million is expected to be litigation expense. For the fourth quarter of 2012, and assuming no additional agreements are signed, adjusted earnings are expected to be in the range of $6.2 million to $7.9 million.

The above statements are forward-looking and actual results may differ materially. The "Forward-looking Information" section at the end of this press release provides information on various risks and uncertainties that the Company faces. Additional information identifying risks and uncertainties relating to the Company's business are discussed in greater detail in the "Risk Factors" section of WiLAN's AIF for the 2011 fiscal year dated March 9, 2012 (copies of which may be obtained at www.sedar.com or www.sec.gov). Financial guidance is provided to assist investors and other interested parties in understanding WiLAN's performance. The reader is cautioned that using this information for any other purpose may be inappropriate.

The Company's revenues result primarily from the licensing of intellectual property which, by its very nature, is directly affected by the timing of the closure of license agreements, the nature and extent of specific licenses including actual rates, product sales by licensees which can be subject to seasonality as well as overall market demands and the timeliness of the receipt of licensee royalty reports. In addition, certain revenues may be of a one-time nature.

The above guidance for the three month period ended December 31, 2012 reflects our current business indicators and expectations and is subject to fluctuations in foreign currency exchange rates. Due to their nature, certain income and expense items, such as significant settlements from companies involved in current enforcement actions, brokerage opportunities, new significant litigation or defense actions that could arise during the quarter, losses on asset impairments or realized foreign exchange losses cannot be accurately forecast. Accordingly, we exclude forecasts of such items from our guidance. Actual revenues reported may exceed the guidance provided due to the receipt of royalty reports, signing of new license agreements and completion of licensee audits, all after the guidance is provided.

WiLAN's imperative is to negotiate the best possible license as measured over the long-term and accordingly, the timing of actual license signings may vary from that forecasted. Actual results may vary materially from the guidance provided as a consequence of the above noted factors.

Conference Call Information - November 6, 2012 - 10:00 AM ET

WiLAN will conduct a conference call to discuss its financial results today at 10:00 AM Eastern Time (ET). WiLAN CEO, Jim Skippen and CFO, Shaun McEwan will be on the call.

Calling Information

A live audio webcast will be available at http://www.investorcalendar.com/IC/CEPage.asp?ID=169807


--  To access the call from Canada and U.S., dial 1.877.407.0782 (Toll Free)
--  To access the call from other locations, dial 1.201.689.8567
    (International) 

Replay Information

The call will be available at http://www.investorcalendar.com/IC/CEPage.asp?ID=169807 and accessible by telephone until 11:59 PM ET on February 6, 2013.


--  Replay Number (Toll Free): 1.877.660.6853 
--  Replay Number (International): 1.201.612.7415 
--  Replay passcode (Conference ID #): 401095 

About WiLAN

WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 260 companies worldwide. Inventions in our portfolio have been licensed by companies that manufacture or sell a wide range of communication and consumer electronics products including 3G and 4G handsets, Wi-Fi-enabled laptops, Wi-Fi and broadband routers, xDSL infrastructure equipment, cellular base stations and digital television receivers. WiLAN has a large and growing portfolio of more than 3,000 issued or pending patents. For more information: www.wilan.com.

Note

(i) WiLAN follows GAAP in preparing its interim and annual financial statements. Adjusted Earnings are earnings from continuing operations before stock-based compensation expense, depreciation and amortization expense, interest expense, unrealized foreign exchange gains or losses, provision for income taxes and certain other non-cash, one-time, or non-recurring charges.

Forward-looking Information

This news release contains forward-looking statements and forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other United States and Canadian securities laws. The phrases "we believe", "Company expects", "to be", "potential impact", "may be", "may differ", "are expected", "is expected", "may exceed", "may vary" and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements and forward-looking information are based on estimates and assumptions made by WiLAN in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that WiLAN believes are appropriate in the circumstances. Many factors could cause WiLAN's actual performance or achievements to differ materially from those expressed or implied by the forward-looking statements or forward-looking information. Such factors include, without limitation, the risks described in WiLAN's March 9, 2012 annual information form for the year ended December 31, 2011 (the "AIF"). Copies of the AIF may be obtained at www.sedar.com or www.sec.gov. WiLAN recommends that readers review and consider all of these risk factors and notes that readers should not place undue reliance on any of WiLAN's forward-looking statements. WiLAN has no intention and undertakes no obligation to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

All trademarks and brands mentioned in this release are the property of their respective owners.


Wi-LAN Inc.                                                                 
Condensed Consolidated Statements of Operations                             
(Unaudited)                                                                 
(in thousands of United States dollars, except share and per share amounts) 
                                                                            
                         Three          Three                               
                        months         months    Nine months    Nine months 
                         ended          ended          ended          ended 
                     September      September      September  September 30, 
                      30, 2012       30, 2011       30, 2012           2011 
                 -------------- -------------- -------------- --------------
                 -------------- -------------- -------------- --------------
                                                                            
Revenue                                                                     
 Royalties        $     21,293   $     26,825   $     66,777   $     80,589 
 Brokerage                   -            996              -            996 
                 -------------- -------------- -------------- --------------
 Total Revenue    $     21,293   $     27,821   $     66,777   $     81,585 
                                                                            
Operating                                                                   
 expenses                                                                   
 Cost of revenue         7,655          7,236         22,123         19,601 
 Research and                                                               
  development            1,873          2,168          6,624          5,268 
 Marketing,                                                                 
  general and                                                               
  administration        10,383          5,127         26,584         24,942 
 Realized                                                                   
  foreign                                                                   
  exchange gain            (72)        (1,706)           (92)        (1,302)
 Unrealized                                                                 
  foreign                                                                   
  exchange                                                                  
  (gain) loss           (1,189)        12,692         (5,460)         9,830 
 Restructuring                                                              
  charges                    -              -            418              - 
                 -------------- -------------- -------------- --------------
 Total operating                                                            
  expenses              18,650         25,517         50,197         58,339 
                 -------------- -------------- -------------- --------------
Earnings from                                                               
 operations              2,643          2,304         16,580         23,246 
 Investment                                                                 
  income                   161          2,246          1,065          3,028 
 Interest                                                                   
  expense                    -           (808)        (1,126)          (808)
 Transaction                                                                
  costs                      -         (1,245)             -         (1,245)
 Debenture                                                                  
  financing, net             -          4,344        (31,138)         4,344 
                 -------------- -------------- -------------- --------------
Earnings (loss)                                                             
 before income                                                              
 taxes                   2,804          6,841        (14,619)        28,565 
                                                                            
                                                                            
Provision for                                                               
 (recovery of)                                                              
 income tax                                                                 
 expense                                                                    
 Current                 1,138            908          3,060          2,632 
 Deferred                 (493)        (1,384)        (5,278)       (11,482)
                 -------------- -------------- -------------- --------------
                           645           (476)        (2,218)        (8,850)
                 -------------- -------------- -------------- --------------
Net earnings                                                                
 (loss)                  2,159          7,317        (12,401)        37,415 
                                                                            
Other                                                                       
 comprehensive                                                              
 income                                                                     
 Cumulative                                                                 
  translation                                                               
  adjustment                 -              -              -         (9,830)
                 -------------- -------------- -------------- --------------
Comprehensive                                                               
 income (loss)    $      2,159   $      7,317   $    (12,401)  $     27,585 
                 -------------- -------------- -------------- --------------
                 -------------- -------------- -------------- --------------
                                                                            
                                                                            
Earnings (loss)                                                             
 per share                                                                  
 Basic            $       0.02   $       0.06   $      (0.10)  $       0.31 
 Diluted          $       0.02   $       0.06   $      (0.10)  $       0.30 
                                                                            
                                                                            
Weighted average                                                            
 number of                                                                  
 common shares                                                              
 Basic             121,225,793    123,443,900    121,459,574    120,994,489 
 Diluted           122,086,343    125,618,973    121,459,574    123,488,133 
                 -------------- -------------- -------------- --------------
                 -------------- -------------- -------------- --------------
                                                                            
                                                                            
                                                                            
Wi-LAN Inc.                                                                 
Condensed Consolidated Balance Sheets                                       
(Unaudited)                                                                 
(in thousands of United States dollars)                                     
                                                                          
                                         September 30,       December 31, 
As at                                             2012               2011 
                                    -------------------  -----------------
                                    -------------------  -----------------
Current assets                                                            
  Cash and cash equivalents          $         171,553   $        432,186 
  Short-term investments                         1,617              1,524 
  Accounts receivable                            2,656              2,153 
  Prepaid expenses and deposits                  1,020                290 
  Deferred financing costs                           -              1,716 
                                    -------------------  -----------------
                                               176,846            437,869 
                                                                          
                                                                          
Furniture and equipment, net                     1,233              1,769 
Patents and other intangibles, net             122,910            118,645 
Deferred tax asset                              21,512             18,086 
Goodwill                                        12,623             12,623 
                                    -------------------  -----------------
                                     $         335,124   $        588,992 
                                    -------------------  -----------------
                                    -------------------  -----------------
                                                                          
                                                                          
Current liabilities                                                       
  Accounts payable and accrued                                            
   liabilities                       $          20,342   $         22,169 
  Due to related party                               -              7,102 
  Current portion of patent finance                                       
   obligation                                    2,547              2,458 
  Deferred tax liability                             -              1,851 
  Debentures                                         -            203,855 
                                    -------------------  -----------------
                                                22,889            237,435 
                                                                          
                                                                          
Patent finance obligation                        3,288              5,189 
Success fee obligation                          11,864             15,212 
                                    -------------------  -----------------
                                                38,041            257,836 
                                    -------------------  -----------------
                                                                          
                                                                          
Commitments and contingencies                                             
                                                                          
                                                                          
Shareholders' equity                                                      
  Capital stock                                430,207            436,606 
  Additional paid-in capital                    10,364             14,061 
  Accumulated other comprehensive                                         
   income                                       16,225             16,225 
  Deficit                                     (159,713)          (135,736)
                                    -------------------  -----------------
                                               297,083            331,156 
                                    -------------------  -----------------
                                     $         335,124   $        588,992 
                                    -------------------  -----------------
                                    -------------------  -----------------
                                                                            
                                                                            
                                                                            
Wi-LAN Inc.                                                                 
Condensed Consolidated Statements of Cash Flow                              
(Unaudited)                                                                 
(in thousands of United States dollars)                                     
                                                                            
                            Three         Three          Nine          Nine 
                           months        months        months        months 
                            ended         ended         ended         ended 
                        September     September     September     September 
                         30, 2012      30, 2011      30, 2012      30, 2011 
                     ------------- ------------- ------------- -------------
                     ------------- ------------- ------------- -------------
Cash generated from                                                         
 (used in)                                                                  
Operations                                                                  
Net earnings (loss)   $     2,159   $     7,317   $   (12,401)  $    37,415 
 Non-cash items                                                             
  Stock-based                                                               
   compensation             1,024         1,515         2,955         3,046 
  Depreciation and                                                          
   amortization             6,621         5,667        18,959        16,269 
  Unrealized foreign                                                        
   exchange gain on                                                         
   debenture                    -       (17,285)            -       (17,285)
  Foreign exchange                                                          
   (gain) loss             (1,000)       22,454           130        25,659 
  Deferred financing                                                        
   costs                        -         3,649         1,746         3,649 
  Accretion of debt                                                         
   discount                     -           537        25,175           537 
  Disposal of assets            -           703           209           703 
  Deferred income                                                           
   tax recovery              (493)       (1,384)       (5,278)      (11,482)
                     ------------- ------------- ------------- -------------
                            8,311        23,173        31,495        58,511 
 Change in non-cash                                                         
  working capital                                                           
  balances                                                                  
  Accounts                                                                  
   receivable              (1,547)       (3,656)         (503)       (5,394)
  Prepaid expenses                                                          
   and deposits               485           210          (730)         (289)
  Accounts payable                                                          
   and accrued                                                              
   liabilities              2,585          (905)        4,986         1,682 
  Due to related                                                            
   party                        -             -        (7,102)            - 
                     ------------- ------------- ------------- -------------
Cash generated from                                                         
 operations                 9,834        18,822        28,146        54,510 
                     ------------- ------------- ------------- -------------
Financing                                                                   
 Proceeds on sale of                                                        
  common shares, net            -           (87)            -        71,948 
 Dividends paid            (3,663)       (3,148)      (10,383)       (7,555)
 Success fee                                                                
  obligation               (1,609)            -       (11,354)            - 
 Proceeds from                                                              
  issuance                                                                  
  (repayment) of                                                            
  convertible                                                               
  debentures                    -       220,565      (233,247)      220,565 
 Internally                                                                 
  restricted cash               -      (220,565)            -      (220,565)
 Common shares                                                              
  repurchased under                                                         
  normal course                                                             
  issuer bid               (1,092)            -       (15,729)            - 
 Common shares                                                              
  issued for cash on                                                        
  the exercise of                                                           
  options                     568           732         2,562         5,702 
 Common shares                                                              
  issued for cash                                                           
  from Employee                                                             
  Share Purchase                                                            
  Plan                          -             -           116            87 
                     ------------- ------------- ------------- -------------
Cash (used in)                                                              
 generated from                                                             
 financing                 (5,796)       (2,503)     (268,035)       70,182 
                     ------------- ------------- ------------- -------------
Investing                                                                   
 Sale (purchase) of                                                         
  short-term                                                                
  investments                 (55)       21,018           (93)       18,172 
 Purchase of                                                                
  furniture and                                                             
  equipment                   (38)         (660)         (369)       (1,614)
 Purchase of patents                                                        
  and other                                                                 
  intangibles             (22,963)         (689)      (24,340)      (10,054)
                     ------------- ------------- ------------- -------------
Cash (used in)                                                              
 generated from                                                             
 investing                (23,056)       19,669       (24,802)        6,504 
                     ------------- ------------- ------------- -------------
Foreign exchange                                                            
 gain (loss) on cash                                                        
 held in foreign                                                            
 currency                   1,000       (22,454)        4,058       (25,659)
                     ------------- ------------- ------------- -------------
                                                                            
Net cash and cash                                                           
 equivalents (used                                                          
 in) generated in                                                           
 the period               (18,018)       13,534      (260,633)      105,537 
Cash and cash                                                               
 equivalents,                                                               
 beginning of period      189,571       174,639       432,186        82,636 
                     ------------- ------------- ------------- -------------
Cash and cash                                                               
 equivalents, end of                                                        
 period               $   171,553   $   188,173   $   171,553   $   188,173 
                     ------------- ------------- ------------- -------------
                     ------------- ------------- ------------- -------------
                                                                            
                                                                            
                                                                            
Wi-LAN Inc.                                                                 
Reconciliation of GAAP Net Earnings to Adjusted Earnings                    
(Unaudited)                                                                 
(in thousands of United States dollars, except share and per share amounts) 
                                                                            
                         Three          Three                               
                        months         months    Nine months    Nine months 
                         ended          ended          ended          ended 
                     September      September      September      September 
                      30, 2012       30, 2011       30, 2012       30, 2011 
                 -------------- -------------- -------------- --------------
                 -------------- -------------- -------------- --------------
                                                                            
Net earnings                                                                
 (loss) under                                                               
 GAAP             $      2,159   $      7,317   $    (12,401)  $     37,415 
                                                                            
Adjusted for:                                                               
  Unrealized                                                                
   foreign                                                                  
   exchange                                                                 
   (gain) loss          (1,189)        12,692         (5,460)         9,830 
  Depreciation                                                              
   and                                                                      
   amortization          6,621          5,667         18,959         16,269 
  Stock based                                                               
   compensation          1,024          1,515          2,955          3,046 
  Restructuring                                                             
   and other one                                                            
   time charges              -            285            418            285 
  Asset write-                                                              
   off related                                                              
   to                                                                       
   restructuring             -              -            209              - 
  Interest                                                                  
   expense                   -            808          1,126            808 
  Transaction                                                               
   costs                     -          1,245              -          1,245 
  Investment                                                                
   income                    -         (1,940)             -         (2,073)
  Debenture                                                                 
   financing,                                                               
   net                       -         (4,344)        31,138         (4,344)
  Income tax                                                                
   expense                                                                  
   (recovery)              645           (476)        (2,218)        (8,850)
                 -------------- -------------- -------------- --------------
Adjusted                                                                    
 earnings         $      9,260   $     22,769   $     34,726   $     53,631 
                 -------------- -------------- -------------- --------------
                 -------------- -------------- -------------- --------------
                                                                            
                                                                            
                                                                            
Adjusted                                                                    
 earnings per                                                               
 basic share      $       0.08   $       0.18   $       0.29   $       0.44 
                                                                            
Weighted average                                                            
 number of                                                                  
 common shares                                                              
  Basic            121,225,793    123,443,900    121,459,574    120,994,489 
  Diluted          122,086,343    125,618,973    121,459,574    123,488,133 
                 -------------- -------------- -------------- --------------

Contacts:
Media inquiries:
Kathryn Hughes
Director, Marketing & Communications
O: 613.688.4897
C: 613.898.6781
[email protected]

Investor inquiries:
Shaun McEwan
Chief Financial Officer
O: 613.688.4898
C: 613.697.7159
[email protected]

Tyler Burns
Director, Investor Relations
O: 613.688.4330
C: 613.697.0367
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
WebRTC adoption has generated a wave of creative uses of communications and collaboration through websites, sales apps, customer care and business applications. As WebRTC has become more mainstream it has evolved to use cases beyond the original peer-to-peer case, which has led to a repeating requirement for interoperability with existing infrastructures. In his session at @ThingsExpo, Graham Holt, Executive Vice President of Daitan Group, will cover implementation examples that have enabled ea...
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...