Welcome!

Microsoft Cloud Authors: Pat Romanski, Lori MacVittie, Andreas Grabner, Jim Kaskade, John Basso

News Feed Item

Cobalt Coal Ltd Files Ammended NI 43-101 Technical Report on Proposed Property Acquisitions

CALGARY, ALBERTA -- (Marketwire) -- 11/20/12 -- Cobalt Coal Ltd (TSX VENTURE:CCF) ("Cobalt" or the "Corporation") advises the filing of an amended technical report (the "Amended ESI Technical Report") which evaluates the coal bearing properties located in Virginia, USA that are proposed to be acquired by Cobalt (the "KMH/C&B Acquisitions"). The KMH/C&B Acquisitions were the subject of Cobalt's February 29, 2012 and March 8, 2012 news releases. The Amended ESI Technical Report replaces the original technical report prepared in respect of the KMH/C&B Acquisitions which was the subject of Cobalt's news release dated July 17, 2012 and was filed on Sedar on that same date (the "Original ESI Technical Report"). The Amended ESI Technical Report is dated effective May 24, 2012 which is the same effective date as the Original ESI Technical Report.

Further to Cobalt's news release dated October 11, 2012, the Amended ESI Technical Report was prepared in accordance with the requirements of the Alberta Securities Commission ("ASC") as a result of the ASC's continuous disclosure review of Cobalt.

This news release summarizes the contents of the Amended ESI Technical Report and also highlights the revisions to the Original ESI Technical Report, where applicable.

Technical Report and Qualified Person

The qualified person responsible for the preparation of the Amended ESI Technical Report was Mike Clisso, PE, President of ESI, Inc. dba Engineering Services ("ESI"). The report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").

The following is a summary of the Coal Resources identified in the Amended ESI Technical Report:

COAL RESOURCES SUMMARY


----------------------------------------------------------------------------
                      In-Place Underground Clean Coal Resources (Tons)      
                ------------------------------------------------------------
STM Group                                      Total Measured     Additional
                       Measured      Indicated    & Indicated       Inferred
----------------------------------------------------------------------------
Bituminous           51,411,000     68,297,000    119,708,000    127,580,000
----------------------------------------------------------------------------

The quantity of Coal Resources contained in the Amended ESI Technical Report is the same as that contained in the Original ESI Technical Report. The Coal Resources estimated above are situated on six different tracts, each containing multiple seams of coal as further detailed in the "General Information" section below.

Upon having established the quantities of Coal Resources detailed above, a pre-feasibility study was then performed on 4 seams located on 2 of the 6 tracts to be acquired pursuant to the KMH/C&B Acquisitions. The economic evaluation supported that the Coal Resources contained in those seams can be classified as Proven Coal Reserves. The quality information for these 4 seams has established that they are mid-vol metallurgical coals. The quantity of Proven Coal Reserves contained in the Amended ESI Technical Report is the same as that contained in the Original ESI Technical Report and is as follows:

METALLURGICAL COAL RESERVES SUMMARY


----------------------------------------------------------------------------
ASTM Group                        In-Place Underground Clean Coal Reserves  
                               ---------------------------------------------
                                        Proven       Probable          Total
----------------------------------------------------------------------------
Bituminous (tons)                   15,874,000              -     15,874,000
----------------------------------------------------------------------------

The Amended ESI Technical Report estimated the net present value of future net cash flows for the Proven Metallurgical Coal Reserves at different discount rates and included the required startup and sustaining capital requirements.

In contrast to the Original ESI Technical Report, the Revised ESI Technical Report reduced the annual net free cash flow, after capital expenditures, by the amount of Federal and Virginia State income taxes such that the discounted net present value of future cash flows were also presented on an "after tax" basis.

All applicable royalties and all additional Federal and State levies that were contained in the Original ESI Technical Report were retained in the economic analysis contained in the Amended ESI Technical Report which yielded the following results:

DISCOUNTED NET PRESENT VALUE OF FUTURE CASH FLOWS OF PROVEN METALLURGICAL COAL RESERVES INCLUDING REQUIRED CAPITAL


----------------------------------------------------------------------------
Discount                                                                    
 Rate                8 %         10 %         12 %         15 %         18 %
----------------------------------------------------------------------------
Before Tax                                                                  
 NPV        $255,706,793 $228,156,022 $204,577,795 $175,172,618 $151,376,258
----------------------------------------------------------------------------
After Tax                                                                   
 NPV        $149,438,400 $132,507,673 $118,075,210 $100,162,592 $ 85,750,283
----------------------------------------------------------------------------

The amended ESI Technical Report determined that the base case after tax Payback period is 1.75 years and the IRR is 92%.

KMH Acquisition

The properties associated with the KMH Acquisition are located proximate to Clinchco, Virginia. Cobalt will be acquiring leases on 6 separate tracts covering approximately 5,400 acres which lie within the drainage areas of the Cranes Nest River in Dickenson County, Virginia. Numerous seams of coal which are historically mid-vol metallurgical coal have been identified to exist on the tracts including the Hagy, Splashdam, Upper Banner, Lower Banner, Raven, Jawbone, Upper Seaboard, Middle Seaboard, War Creek, Lower Horsepen, and Pocahontas No.3. One of the tracts to be acquired, the Mill Creek Tract, approximately 900 acres, is currently permitted for both surface and underground mining (the "Permit"), with a pending amendment to include an adjoining lease, approximately 700 acres, which will also be acquired by Cobalt pursuant to the C&B acquisition described below,. The Amended ESI Technical Report estimated Proven Reserves of mid-vol metallurgical coal included in the Upper and Lower Banner seams of the Davis Tract and the Hagy and Splashdam seams of the Mill Creek Tract.

C&B Acquisition

The C&B Acquisition involves lands covering approximately 700 acres that are immediately adjacent to the Mill Creek Tract being acquired pursuant to the KMH Acquisition such that the Mill Creek Tract will expand in size from approximately 900 acres to approximately 1,600 acres and is the subject of the Permit extension described above. Proven Reserves of mid vol metallurgical coal were established in two seams on this Tract, being the Hagy and Splashdam seams.

General Information

The following information is extracted from the Amended ESI Technical Report which is NI 43-101 compliant. A full text version of the ESI Technical Report has been filed on SEDAR and is available at www.sedar.com.

ESI used the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards on Mineral Resources and Reserves ("CIM Definitions") adopted by the CIM Council on December 11, 2005 during the classification, estimation and reporting of mineral resources and reserves for the KMH Acquisition and the C&B Acquisition.

ESI conducted physical inspections of all 6 Tracts including the Mill Creek Tract and the Davis Tract for which the Amended ESI Technical Report has assigned Proven Reserves. ESI has also examined the environmental conditions of the Permit and has determined that all applicable environmental regulations have been complied with such that the Permit is in substantial compliance with applicable regulations. In addition, the Amended ESI Technical Report contains a study of the other tracts associated with the KMH Acquisition and C&B Acquisition presented accordance with the provisions of NI 43-101.

Basis of Presentation

The majority of the data reviewed to establish seam thickness and elevation has been obtained from historical mining operations on currently abandoned underground and surface mines. For the Mill Creek and Davis Tracts, a total of 110 data points have been analyzed for purposes of estimating seam thickness and seam elevation. In addition to previous mining records, surface outcrop data has been reviewed. Additionally, drilling and core data has been used to augment geological and mining data that is available from previous mining records or surface outcrop information. Information from a total of 38 drill holes was reviewed during the evaluation.

Coal samples were taken and analyzed yielding the following quality data for the Mill Creek and Davis tracts:


--  The dry basis clean coal Ash is less than 6.0 wt%; 
--  The Ash Fusion Temperature is high; 
--  The Free Swelling Index is consistently 7 or above; and 
--  The volatile matter (VM cc DB) ranges from 27 wt% to 31%.

This coal quality data supports the conclusion that the Proven Reserves reported in the Amended ESI Technical Report may be classified as metallurgical in nature.

ESI is of the opinion that the spacing of available coal quality data for the Hagy and Splashdam on the Mill Creek Tract are adequate to support the metallurgical quality determination. The Upper Banner and Lower Banner on the Davis Tract also meet the necessary criteria to support the quality as being metallurgical in nature.

Coal Reserves

In accordance with CIM Definitions and the policies of NI 43-101, a "Reserve" is defined as the economically mineable portion of a "Measured" or "Indicated Resource" that has been demonstrated, after a thorough analysis of mining, processing, economic and other relevant factors, to be economically justified for coal extraction at the time of reporting. Coal Reserves are sub-divided in order of increasing confidence into 'Probable' and 'Proven' Reserves, respectively. A "Probable" Coal Reserve is defined as the economically mineable part of an "Indicated' Resource", and in some cases of a "Measured Resource". A "Proven" Coal Reserve is defined as the economically mineable part of a "Measured Resource".

Two of the 6 tracts are of interest for immediate development, being the Mill Creek Tract and the Davis Tract. Each of these 2 tracts contains numerous coal seams that contain substantial coal resources. These seams have well known extent, quality and mining conditions and have been historically proven to be high quality metallurgical coals. Only the coal resources in the Hagy and Splashdam seams on the Mill Creek Tract and the Upper Banner and Lower Banner seams on the Davis Tract have been economically evaluated in the Amended ESI Technical Report. The economic analysis supports the classification of these resources as Proven Reserves. The coal shown to exist in the balance of the seams has remained classified as Coal Resources.

The Federal Mine Safety and Health Administration ("MSHA") regulations provide for mining to a 50' barrier against old mine workings as long as the specified mining practice is followed. This is applicable for only the Upper Banner seam on the Davis Tract and a small area in the Splashdam seam on the Mill Creek Tract as old mine workings are known to exist in these seams. It is not applicable in the case of the Hagy seam or in the southern section of the Splashdam and Lower Banner seams on the Mill Creek and Davis Tracts insofar as no other old mine workings are known to exist within those seams on those Tracts. According to the Amended ESI Technical Report, Proven Reserves quantities have been calculated based on compliance with these regulations regarding setback. The following table summarizes the Proven Reserves contained in the Hagy and Splashdam seams on the Mill Creek and on the Upper and Lower Banner seams on the Davis Tracts. The quantity of Proven Reserves in the Amended ESI Technical Report is the same as in the Original ESI Technical Report. Proven Reserves are estimated to total 15,874,000 tons allocated as follows:

CLEAN COAL RESERVES SUMMARY


----------------------------------------------------------------------------
                                  In-Place Underground Clean Coal Reserves  
Tract               ASTM Group                     (Tons)                   
                               ---------------------------------------------
                                        Proven       Probable          TOTAL
----------------------------------------------------------------------------
Mill Creek          Bituminous       6,894,000              -      6,894,000
------------                   ---------------------------------------------
Davis                                8,980,000              -      8,980,000
----------------------------------------------------------------------------
Total                               15,874,000              -    15,874,0000
----------------------------------------------------------------------------

The coal seams on the Mill Creek Tract and the Davis Tract are flat lying to very gently dipping and are generally unfaulted. These characteristics indicate that these seams should be classified as "Low Type A" Geology Type to reflect the minimal geological complexity in accordance with GSC Paper 88-21. These Tracts contain underground mineable deposits. The remaining seams (other than the Hagy and Splashdam seams on the Mill Creek Tract and the Upper Banner and Lower Banner seams on the Davis Tract) were not economically evaluated in the Amended ESI Technical Report; however, according to the Amended ESI Technical Report, they contain significant quantities of Coal Resources that have been estimated by the methodology of GSC Paper 88-21 as discussed below.

Coal Resources

In addition to the Coal Reserves described above, the Amended ESI Technical Report identifies the existence of Coal Resources on the Mill Creek, Davis, Tarpon, Fleming and Stanley Tracts. These tracts contain numerous seams with well-known extent, quality and mining conditions which have been historically proven to be high quality metallurgical coals. Volumes were estimated in accordance with the methodology of GSC Paper 88-21. The Coal Resource volumes in the Amended ESI Technical Report are the same as contained in the Original ESI Technical Report.

The following table summarizes the in-place Coal Resources present in the various seams on the Mill Creek, Davis, Tarpon, Fleming and Stanley Tracts and includes the volumes on the Mill Creek and Davis Tracts that were classified as Proven Reserves. It should be noted that they were included insofar as the practices of GSC 88-21 specify that resources be reported inclusive of reserves, based on the premise that such reserves are simply a special class of resources.

COAL RESOURCES SUMMARY (TONS)


----------------------------------------------------------------------------
                                                 Total Measured   Additional
Tract         ASTM Group    Measured   Indicated    & Indicated     Inferred
----------------------------------------------------------------------------
Mill Creek    Bituminous   9,335,000  14,775,000     24,110,000    2,507,000
-------------           ----------------------------------------------------
ACIN                       3,389,000           -      3,389,000            -
-------------           ----------------------------------------------------
Davis                     37,460,000  48,083,000     85,543,000   67,401,000
-------------           ----------------------------------------------------
Tarpon                     1,227,000           -      1,227,000   37,025,000
-------------           ----------------------------------------------------
Fleming                            -   4,921,000      4,921,000   18,354,000
-------------           ----------------------------------------------------
Stanley                            -     518,000        518,000    2,293,000
----------------------------------------------------------------------------
Total                     51,411,000  68,297,000    119,708,000  127,580,000
----------------------------------------------------------------------------

Economic Analysis

For purposes of evaluating the economic viability of the project, the Amended ESI Technical Report used the standards of CIM and the policies of NI 43-101. They provide that a Coal Reserve is the economically mineable portion of a Measured or Indicated Coal Resource that has been demonstrated, after a thorough analysis of mining, processing, economic and other relevant factors, to be economically justified for coal extraction at the time of reporting.

In accordance with CIM and NI 43-101 policies, estimates of initial startup capital requirements and sustaining capital costs were included in the Amended ESI Technical Report for total mine life. Estimated capital costs are broken down into "Initial Mine Setup Costs" ($1,200,000) and "Equipment Costs" ($11,000,000) which, in each case, are the cost of "facing up" and "acquiring the equipment needed", respectively, to place each seam into production.

For the purposes of the Amended ESI Technical Report:

(a) Operating costs were segregated into "support costs", "labor costs" and "supply costs" which are dependent on coal seam thickness. These costs range from $64.25 per ton to $94.26 per ton;

(b) The net coal sales price used ranged from $133 to $135 per ton of clean coal delivered to the wash plant which is based on a previous purchase order and confirmation by pricing forecasts compiled by Deutsche Bank of eleven investment institutions and the Goldman Sachs 2012 metallurgical coal price forecast, Unlike the Original ESI Technical Report which held the coal price constant at $130 per ton, the Amended ESI Technical Report involved a more comprehensive pricing study and also took into account the trucking costs from various seams to either of two separate washing facilities in the nearby area such that net sales price achieved varies between $133 and $135 per ton depending on the tract and which of those two nearest wash facilities that production was trucked to. As a result of these factors, the before tax discounted NPV's arrived at in the Amended ESI Technical Report increased slightly from those arrived at in the Original ESI Technical Report.

(c) The mine life was established by preparing a detailed mine plan for all of the seams evaluated;

(d) The optimum mine plan yielded overall recoveries of 60% of the in-place metallurgical Coal Reserves over the life of the mine;

(e) The optimum mine plan involves a "room and pillar" scheme;

(f) Retreat mining that would recover the balance of the metallurgical Coal Reserves was not evaluated for purposes of this report;

(g) The evaluation contained in the Original ESI Technical Report was completed only on a "Before Federal and State Corporate Income Tax Basis". The Amended ESI Technical Report also reports the "After Federal and State Corporate Tax" results. Each report contained the same royalty burdens,, wheelage charges and additional state and federal levies.

(h) Property acquisition costs are not included in this analysis.

Proposed Commencement and Mining Schedule

The projected mining schedule contained in the Original ESI Technical Report and in the Amended ESI Technical Report are the same. Each projected mining to commence in the Hagy Seam (Mill Creek Tract) with one continuous miner. Subject to the availability of financing, the Amended ESI Technical Report assumed that a second continuous miner will be added 4 months later. Production volumes in the Amended ESI Technical Report were estimated to begin at 5,500 clean tons for the first month of production increasing to 9,400 clean tons for the second month and increasing to 16,934 clean tons for the remaining months and annualized production was estimated at 203,212 clean tons per year per section from this first seam.

Mining of the Splashdam seam (Mill Creek Tract) is forecast to begin in January 2013 with the same ramp up schedule utilized as for the Hagy seam. Two continuous miners are included on each of the Hagy and Splashdam seams per mine producing coal with the Splashdam seam production at 163,868 clean tons per year per section.

Production from the Lower Banner seam (Davis Tract) is forecast to begin in 2014 with a second continuous miner added in 2015. The production in the Lower Banner seam is estimated at 214,594 clean tons per year per section.

Production from the Upper Banner seam (Davis Tract) is forecast to begin during January 2014 and continue for 14 years. Production is estimated at 96,000 clean tons per year with one conventional section of equipment.

Forecast production rates in the Original ESI Technical Report for each of the first 7 years (in tons per year) from the Proven Reserves in the Hagy, Splashdam, Lower Banner and Upper Banner seams on the Mill Creek Tract and the Davis Tract is therefore as follows:


----------------------------------------------------------------------------
Year                                2012        2013        2014        2015
----------------------------------------------------------------------------
Gross Production (tons)           48,766     636,424   1,014,990   1,259,348
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Year                                    2016            2017            2018
----------------------------------------------------------------------------
Gross Production (tons)            1,239,086         852,924         852,924
----------------------------------------------------------------------------

It should be noted that there can be no assurance that the production volumes or operating cost projections contained in the Amended ESI Technical Report will be met by Cobalt as many factors, many of which are beyond the control of Cobalt, will affect Cobalt's ability to achieve them including, but not limited to, the availability of financing to acquire the necessary equipment and the markets generally with respect to prices received for metallurgical coal. As Cobalt has not yet closed the KMH/C&B Acquisition the projected production schedule contained in the Amended ESI Technical Report will be delayed.

Recommendations of the Amended ESI Technical Report

The Amended ESI Technical Report makes the following recommendations:

(a) That Cobalt undertakes a program of exploration and confirmation drilling on each of the tracts combined with surface outcrop sampling and measuring. The collection of this additional data will support improved resources mapping confidence and will in turn yield additional quantities of Measured and Indicated Coal Resources by transitioning the large quantity of Inferred Resources to one of those more confident Measured or Indicated categories;

(b) That Cobalt expands the scope of the report to economically evaluate many of the other seams on the tracts to be acquired. Many of the seams situated on the tracts have been economically mined in the past on lands in the immediate vicinity of, and surrounding, the tracts to be acquired. In the opinion of the author of the Amended ESI Technical Report, significant additional volumes of Proven and Probable Coal Reserves would be confirmed by identifying a preferred mining method for, and performing an economic analysis on, many of those seams; and

(c) The Amended ESI Technical Report emphasizes the need for Cobalt to investigate the construction of, or acquisition of, a suitable wash plant insofar as prices realized for production can be significantly increased thereby.

About Cobalt

Cobalt is a publicly traded coal exploration and production company headquartered in Calgary, Alberta, Canada with a regional office in Welch, West Virginia USA. Cobalt was created to capitalize on the growth opportunities that exist in the metallurgical coal mining industry.

READER ADVISORY

Statements in this News Release may constitute "forward-looking" statements and "forward-looking" information (collectively, "forward-looking statements") as defined in applicable securities laws, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements may include, but are not limited to, statements regarding:


--  future extraction and exploitation of mineral deposits; 
--  the quality of mineral deposits; 
--  capital expenditure requirements; 
--  expectations regarding prices and costs; 
--  development of mineral resources and mineral extraction processes; 
--  the Corporation spending the funds available to it as stated in this
    News Release; 
--  expectations regarding the Corporation's ability to subsequently raise
    capital; 
--   expenditures to be made by the Corporation to meet certain work
    commitments; 
--  work plans to be conducted by the Corporation; and 
--  reclamation and rehabilitation obligations and liabilities. 

In certain cases, forward-looking statements can be identified by the use of such words as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "should", "provide" and other similar terminology. These statements reflect the Corporation's current expectations regarding future events and operating performance and speak only as of the date of this News Release. Forward-looking statements are not a guarantee of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.

Such forward-looking statements are based on a number of material factors and assumptions, including, that:


--  the Corporation executes its project development plans in a manner
    consistent with its budgets and planning; 
--  studies to support the Corporation's current development plans; and 
--  the Corporation obtains additional financing in the future. 

Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. Although the forward-looking statements contained in this News Release are based upon what management of the Corporation believes are reasonable assumptions, the Corporation cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this News Release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Corporation assumes no obligation to update or revise them to reflect new events or circumstances.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Cobalt Coal Ltd.
Al Kroontje
Director
(403) 607-4009
[email protected]

Cobalt Coal Ltd.
Robert Gillies
CFO
(403) 538-8455
[email protected]

Cobalt Coal Ltd.
Mike Crowder
President & CEO
(423) 323-2396
[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
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data professionals...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
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...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
"IoT is going to be a huge industry with a lot of value for end users, for industries, for consumers, for manufacturers. How can we use cloud to effectively manage IoT applications," stated Ian Khan, Innovation & Marketing Manager at Solgeniakhela, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to impr...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...