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CHC Helicopter Reports Revenue of $447m, EBITDAR of $126m in Fiscal-2013 Second Quarter

-- Revenue Up 6 Percent, EBITDAR Jumps 17 Percent

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/11/12 -- Revenue and earnings were up in CHC Helicopter's fiscal second-quarter 2013, as the company continues to transform itself into the most capable and efficient global helicopter-services operator.

CHC's revenue for the quarter, which ended Oct. 31, increased 6 percent from the same period a year ago, to $447 million. It was the seventh straight quarter of higher revenue and earnings since the company started its ambitious transformation. Net earnings were $7 million, compared with a net loss of $6 million in the FY12 second quarter.

Earnings before interest, taxes, depreciation, amortization and aircraft rental costs (EBITDAR), were $126 million, up 17 percent from the year-ago quarter. EBITDAR is CHC's primary measure of operational profitability.


                        Second Quarter                 Year-to-Date         
(U.S.$ in                               Change                        Change
 millions)              FY13        FY12  (ii)        FY12        FY11  (ii)
                ------------------------------------------------------------
Revenue          $       447 $       423    6% $       863 $       833    4%
EBITDAR(i)       $       126 $       107   17% $       227 $       208    9%
EBITDA(i)        $        77 $        65   19% $       130 $       124    4%
(i) Non-GAAP financial measure. See reconciliation to applicable GAAP       
measure below.                                                              
(ii) All growth rates in this release are year-over-year unless otherwise   
noted.                                                                      

The continued improvement spanned both CHC's flying and Heli-One business segments. Flying revenue rose 5 percent and EBITDAR grew 13 percent. For Heli-One, which provides maintenance, repair and overhaul (MRO) services, third-party customers sales were 11 percent higher and EBITDAR increased 48 percent.

William Amelio, CHC's president and chief executive officer, said the second quarter showed how the company is transforming its tools, systems and processes. Those changes are contributing to improving operating performance.

"Our people are also making sure we deliver on our purpose: to provide unmatched helicopter services that enable customers to go further, do more and come home safely," said Mr. Amelio. "The second quarter provided two vivid illustrations - one involving superb in-flight management of a crippled aircraft, the other an extraordinary evacuation of more than 270 customers from a North Sea oil-production platform that was in distress.

"Our objective isn't simply for CHC to be the largest and most profitable helicopter-services company. We're determined to be the best at all that we do for our customers."

BUSINESS HIGHLIGHTS

Helicopter Services (flying):


--  Flying results were driven by revenue and EBITDAR gains in the Americas
    (mainly Brazil), Western North Sea (United Kingdom) and Africa Euro-
    Asia. Sales were also up in Asia-Pacific. 
--  Significant wins in the period included new contracts with Marathon in
    the U.K., Eni in Australia and Petronas in Mozambique. 
--  During the quarter, Atlantic Aviation - a partnership between Jagal
    Group and CHC - received its long-awaited Air Operating Certificate in
    Nigeria. Atlantic Aviation has twin-engine Sikorsky S76C+ medium-lift
    helicopters to begin its support of Nigeria's fast-growing oil-and-gas
    industry.  

Heli-One (MRO):


--  Among notable contracts secured in the second quarter, AAR, a global
    aerospace and defense supplier, selected Heli-One to complete 20 engine
    overhauls. 
--  During the quarter the company delivered the first of three customized
    Super Puma aircraft commissioned by the Los Angeles County Sheriff's
    Department. 
--  Heli-One further broadened its range of services by adding four-year
    inspections of AW139s to capabilities at the Stavanger, Norway,
    operation. 

About CHC

CHC Helicopter is a leader in enabling customers to go further, do more and come home safely, including oil and gas companies, government search-and-rescue agencies and organizations requiring helicopter maintenance, repair and overhaul services through the Heli-One division. The company is headquartered in Vancouver and operates more than 240 aircraft in about 30 countries around the world.


Segment Performance (Unaudited)                                             
(U.S.$ in thousands)                                                        
----------------------------------------------------------------------------
                                                                            
Segment Third Party                                                         
 Revenue                                                                    
                        For the three months ended For the six months ended 
                                October 31,               October 31,       
                        ----------------------------------------------------
                                 2012         2011         2012         2011
----------------------------------------------------------------------------
                                                                            
Helicopter Services      $    402,617 $    383,279 $    792,521 $    756,573
MRO                            42,488       38,409       67,034       73,297
Corporate and Other             1,681        1,312        3,300        2,779
                        ----------------------------------------------------
 Consolidated totals     $    446,786 $    423,000 $    862,855 $    832,649
                        ----------------------------------------------------
                        ----------------------------------------------------
                                                                            
EBITDAR and EBITDA                                                          
 Summary                                                                    
                            For the three months                            
                                   ended            For the six months ended
                                October 31,               October 31,       
                        ----------------------------------------------------
                                 2012         2011         2012         2011
                        ----------------------------------------------------
Helicopter Services      $    120,931 $    107,000 $    223,554 $    202,688
MRO                            28,082       18,935       41,746       39,949
Corporate and Other          (22,916)     (18,473)     (38,304)     (35,106)
                        ----------------------------------------------------
Consolidated EBITDAR(i)       126,097      107,462      226,996      207,531
Less: aircraft lease and                                                    
 associated costs            (48,797)     (42,604)     (97,227)     (83,100)
                        ----------------------------------------------------
Consolidated EBITDA(i)   $     77,300 $     64,858 $    129,769 $    124,431
                        ----------------------------------------------------
                        ----------------------------------------------------
                                                                            
(i) See reconciliations to GAAP measures below.                             
----------------------------------------------------------------------------
                                                                            
Consolidated Statement of Earnings (Unaudited)                              
(U.S.$ in thousands)                                                        
----------------------------------------------------------------------------
                                                                            
                           For the three months       For the six months    
                                   ended                     ended          
                        ----------------------------------------------------
                          October 31,  October 31,  October 31,  October 31,
                                 2012         2011         2012         2011
----------------------------------------------------------------------------
Revenue                  $    446,786 $    423,000 $    862,855 $    832,649
                                                                            
Operating Expenses                                                          
Direct costs                (351,397)    (343,346)    (697,484)    (679,987)
Earnings from equity                                                        
 accounted investees              825          625        1,837        1,221
General and                                                                 
 administrative costs        (18,914)     (15,421)     (37,439)     (29,452)
Amortization                 (27,635)     (25,429)     (55,945)     (52,532)
Restructuring costs           (1,797)      (7,080)      (3,727)     (11,884)
Recovery (impairment) of                                                    
 receivables and funded                                                     
 residual value                                                             
 guarantees                       143           63        (572)           47
Impairment of intangible                                                    
 assets                       (6,339)      (1,717)      (5,818)      (1,825)
Impairment of assets                                                        
 held for sale                (3,650)      (4,251)      (9,297)     (11,632)
Impairment of assets                                                        
 held for use                       -            -        (660)            -
Gain (loss) on disposal                                                     
 of assets                    (3,026)        (316)      (4,617)        3,741
----------------------------------------------------------------------------
                            (411,790)    (396,872)    (813,722)    (782,303)
                                                                            
Operating income               34,996       26,128       49,133       50,346
                                                                            
Interest on long-term                                                       
 debt                        (30,075)     (29,516)     (59,958)     (60,186)
Foreign exchange gain          10,562        2,446        3,161        2,639
Other financing charges       (3,449)      (6,491)     (11,603)      (6,235)
----------------------------------------------------------------------------
                                                                            
Income (loss) from                                                          
 continuing operations                                                      
 before tax                    12,034      (7,433)     (19,267)     (13,436)
                                                                            
Income tax recovery                                                         
 (expense)                    (5,022)        8,638      (6,303)       12,485
----------------------------------------------------------------------------
Income (loss) from                                                          
 continuing operations          7,012        1,205     (25,570)        (951)
                                                                            
Earnings (loss) from                                                        
 discontinued                                                               
 operations, net of tax           467      (7,526)          812      (8,312)
----------------------------------------------------------------------------
Net earnings (loss)      $      7,479 $    (6,321) $   (24,758) $    (9,263)
----------------------------------------------------------------------------
                                                                            
Net earnings (loss)                                                         
 attributable to:                                                           
Controlling interest     $      6,999 $   (11,420) $   (26,106) $   (19,793)
Non-controlling interest          480        5,099        1,348       10,530
----------------------------------------------------------------------------
Net earnings (loss)      $      7,479 $    (6,321) $   (24,758) $    (9,263)
----------------------------------------------------------------------------
                                                                            
Consolidated Statement of Cash Flows                                        
(Expressed in thousands of United States dollars)                           
                                                                            
----------------------------------------------------------------------------
                        For the three months ended For the six months ended 
                        ----------------------------------------------------
                          October 31,  October 31,  October 31,  October 31,
                                 2012         2011         2012         2011
----------------------------------------------------------------------------
Cash provided by (used                                                      
 in):                                                                       
Operating activities:                                                       
 Net earnings (loss)     $      7,479 $    (6,321) $   (24,758) $    (9,263)
 Less: earnings (loss)                                                      
  from discontinued                                                         
  operations, net of tax          467      (7,526)          812      (8,312)
----------------------------------------------------------------------------
 Earnings (loss) from                                                       
  continuing operations         7,012        1,205     (25,570)        (951)
                                                                            
Adjustments to reconcile                                                    
 net earnings (loss) to                                                     
 cash flows provided by                                                     
 (used in) operating                                                        
 activities:                                                                
 Amortization                  27,635       25,429       55,945       52,532
 Loss (gain) on disposal                                                    
  of assets                     3,026          316        4,617      (3,741)
 Asset impairments              9,846        5,905       16,347       13,410
 Non-cash leasing and                                                       
  financing costs               (140)        (492)        (304)      (1,306)
 Earnings from equity                                                       
  accounted investees           (825)        (625)      (1,837)      (1,221)
 Deferred income taxes          (512)      (6,356)      (6,252)     (13,953)
 Pension contributions,                                                     
  net of pension expense      (5,690)      (7,898)     (17,436)     (15,560)
 Increase to deferred                                                       
  lease financing costs         (216)      (2,774)      (1,489)      (7,488)
 Foreign exchange gain                                                      
  (loss)                     (19,893)        5,404        2,382        2,068
 Other                          2,816        (868)        5,319      (1,640)
Increase (decrease) in                                                      
 cash resulting from                                                        
 changes in operating                                                       
 assets and liabilities         (900)       34,657     (55,480)     (32,226)
----------------------------------------------------------------------------
Cash provided by (used                                                      
 in) operating                                                              
 activities                    22,159       53,903     (23,758)     (10,076)
----------------------------------------------------------------------------
                                                                            
Financing activities:                                                       
 Sold interest in                                                           
  accounts receivable,                                                      
  net of collections              674          530        8,917       40,082
 Proceeds from issuance                                                     
  of capital stock                  -       60,000            -       60,000
 Proceeds from the                                                          
  issuance of senior                                                        
  secured notes               202,000            -      202,000            -
 Long-term debt proceeds      165,076      125,000      390,229      405,000
 Long-term debt                                                             
  repayments                (319,871)    (116,826)    (471,824)    (390,539)
 Increase in deferred                                                       
  financing costs                                                           
  related to the                                                            
  revolver and notes          (3,793)            -      (3,793)            -
----------------------------------------------------------------------------
Cash provided by                                                            
 financing activities          44,086       68,704      125,529      114,543
----------------------------------------------------------------------------
                                                                            
Investing activities:                                                       
 Property and equipment                                                     
  additions                  (95,600)    (121,964)    (142,267)    (164,751)
 Proceeds from disposal                                                     
  of property and                                                           
  equipment                    46,188       43,117       93,413       91,120
 Aircraft deposits, net                                                     
  of lease inception                                                        
  refunds                    (10,845)     (34,429)     (40,926)     (36,115)
 Restricted cash                   38        2,320        5,384          753
 Distribution from                                                          
  equity investments                -            -            -          936
----------------------------------------------------------------------------
Cash used in investing                                                      
 activities                  (60,219)    (110,956)     (84,396)    (108,057)
                                                                            
----------------------------------------------------------------------------
Cash provided by (used                                                      
 in) continuing                                                             
 operations                     6,026       11,651       17,375      (3,590)
                                                                            
Cash flows provided by                                                      
 (used in) discontinued                                                     
 operations:                                                                
 Cash flows provided by                                                     
  (used in) operating                                                       
  activities                      467      (1,019)          812      (1,488)
 Cash flows provided by                                                     
  (used in) financing                                                       
  activities                    (467)        1,019        (812)        1,488
----------------------------------------------------------------------------
Cash provided by (used                                                      
 in) discontinued                                                           
 operations                         -            -            -            -
                                                                            
Effect of exchange rate                                                     
 changes on cash and                                                        
 cash equivalents               5,677      (6,605)      (4,144)     (10,804)
----------------------------------------------------------------------------
Increase (decrease) in                                                      
 cash and cash                                                              
 equivalents during the                                                     
 period                        11,703        5,046       13,231     (14,394)
                                                                            
Cash and cash                                                               
 equivalents, beginning                                                     
 of period                     57,075       49,481       55,547       68,921
                                                                            
----------------------------------------------------------------------------
Cash and cash                                                               
 equivalents, end of                                                        
 period                  $     68,778 $     54,527 $     68,778 $     54,527
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
Consolidated Balance Sheets (Unaudited)                                     
(U.S.$ in thousands)                                                        
----------------------------------------------------------------------------
                                           October 31, 2012   April 30, 2012
----------------------------------------------------------------------------
                                                                            
Assets                                                                      
                                                                            
Current Assets:                                                             
 Cash and cash equivalents                 $         68,778 $         55,547
 Receivables, net of allowance for                                          
  doubtful accounts                                 304,701          266,115
 Income taxes receivable                             25,078           20,747
 Deferred income tax assets                           9,361            8,542
 Inventories                                         95,740           90,013
 Prepaid expenses                                    20,069           21,183
 Other assets                                        38,039           33,195
----------------------------------------------------------------------------
                                                    561,766          495,342
                                                                            
Property and equipment, net                       1,041,490        1,026,860
Investments                                          25,466           24,226
Intangible assets                                   205,493          217,890
Goodwill                                            432,059          433,811
Restricted cash                                      20,353           25,994
Other assets                                        410,986          363,103
Deferred income tax assets                           49,020           48,943
Assets held for sale                                 63,295           79,813
                                                                            
----------------------------------------------------------------------------
                                           $      2,809,928 $      2,715,982
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
Liabilities and Shareholder's Equity                                        
                                                                            
Current Liabilities:                                                        
 Payables and accruals                     $        356,519 $        363,064
 Deferred revenue                                    20,775           23,737
 Income taxes payable                                40,169           43,581
 Deferred income tax liabilities                     13,073           11,729
 Current facility secured by accounts                                       
  receivable                                         55,317           45,566
 Other liabilities                                   20,155           23,648
 Current portion of long-term debt                   14,039           17,701
----------------------------------------------------------------------------
                                                    520,047          529,026
Long-term debt                                    1,401,504        1,269,379
Deferred revenue                                     50,221           43,517
Other liabilities                                   189,820          191,521
Deferred income tax liabilities                      18,943           20,072
----------------------------------------------------------------------------
Total liabilities                                 2,180,535        2,053,515
                                                                            
Redeemable non-controlling interests                  4,489            1,675
Capital stock: Par value 1 Euro;                                            
 Authorized and issued:                                                     
  1,228,377,770 and 1,228,377,770,                                          
   respectively                                   1,607,101        1,607,101
Contributed surplus                                  55,541           55,318
Deficit                                           (966,137)        (940,031)
Accumulated other comprehensive loss               (71,601)         (61,596)
                                                                            
----------------------------------------------------------------------------
                                           $      2,809,928 $      2,715,982
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Non-GAAP Financial Measures:

This earnings release includes non-GAAP financial measures, segment earnings before interest, taxes, depreciation, amortization and aircraft lease rent and associated costs ("segment EBITDAR (adjusted)") referred to above as EBITDAR and earnings before interest, taxes, depreciation and amortization ("EBITDA") that are not required by, or presented in accordance with GAAP. These non-GAAP measures are not performance measures under U.S. generally accepted accounting principles and should not be considered as alternatives to net earnings (loss) or any other performance or liquidity measures derived in accordance with GAAP. In addition, these measures may not be comparable to similarly titled measures of other companies. CHC has provided a reconciliation of these non-GAAP measures to the most directly comparable GAAP measure. CHC has chosen to include segment EBITDAR (adjusted) as we consider this to be a significant indicator of our financial performance and use this measure to assist us in allocating available capital resources. We have also included EBITDA as this measure is useful to our debt holders as it is a proxy of Adjusted EBITDA, a non-GAAP measure. Adjusted EBITDA provides useful information to investors as it is a measure to calculate certain financial covenants related to our revolving credit facility and certain covenants in the indenture. CHC has provided a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measure below and has presented a detailed discussion of its reasons for including non-GAAP financial measures and the limitations associated with those measures as part of the "Management's Discussion and Analysis of Financial Condition and Results of Operations" contained in the Quarterly Report on Form 10-Q. CHC encourages investors to review the reconciliation and the non-GAAP discussion in conjunction with our presentation of these non-GAAP financial measures.


Reconciliation of Non-GAAP Financial Measures                               
(U.S.$ in thousands)                                                        
----------------------------------------------------------------------------
                        For the three months ended For the six months ended 
                                October 31,               October 31,       
                        ----------------------------------------------------
                                 2012         2011         2012         2011
                        ----------------------------------------------------
 Helicopter Services     $    120,931 $    107,000 $    223,554 $    202,688
 MRO                           28,082       18,935       41,746       39,949
 Corporate and Other         (22,916)     (18,473)     (38,304)     (35,106)
                        ----------------------------------------------------
Consolidated EBITDAR          126,097      107,462      226,996      207,531
Less: aircraft lease and                                                    
 associated costs            (48,797)     (42,604)     (97,227)     (83,100)
                        ----------------------------------------------------
Consolidated EBITDA            77,300       64,858      129,769      124,431
 Amortization                (27,635)     (25,429)     (55,945)     (52,532)
 Restructuring costs          (1,797)      (7,080)      (3,727)     (11,884)
 Recovery (impairment)                                                      
  of receivables and                                                        
  funded residual value                                                     
  guarantees                      143           63        (572)           47
 Impairment of                                                              
  intangible assets           (6,339)      (1,717)      (5,818)      (1,825)
 Impairment of assets                                                       
  held for sale               (3,650)      (4,251)      (9,297)     (11,632)
 Impairment of assets                                                       
  held for use                      -            -        (660)            -
 Gain (loss) on disposal                                                    
  of assets                   (3,026)        (316)      (4,617)        3,741
----------------------------------------------------------------------------
Operating income               34,996       26,128       49,133       50,346
Interest on long-term                                                       
 debt                        (30,075)     (29,516)     (59,958)     (60,186)
Foreign exchange gain          10,562        2,446        3,161        2,639
Other financing charges       (3,449)      (6,491)     (11,603)      (6,235)
----------------------------------------------------------------------------
Income (loss) from                                                          
 continuing operations                                                      
 before tax                    12,034      (7,433)     (19,267)     (13,436)
Income tax recovery                                                         
 (expense)                    (5,022)        8,638      (6,303)       12,485
----------------------------------------------------------------------------
Income (loss) from                                                          
 continuing operations          7,012        1,205     (25,570)        (951)
Earnings (loss) from                                                        
 discontinued                                                               
 operations, net of tax           467      (7,526)          812      (8,312)
----------------------------------------------------------------------------
Net earnings (loss)      $      7,479 $    (6,321) $   (24,758) $    (9,263)
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Cautionary Note on Forward-Looking Statements:

This press release contains forward-looking statements and information within the meaning of certain securities laws, including the "safe harbor" provision of the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. All statements, other than statements of historical fact included in this presentation, regarding our strategy, future operations, projections, conclusions, forecasts and other statements are "forward-looking statements". While these forward-looking statements represent our best current judgment, the actual results could differ materially from the conclusions, forecasts or projections contained in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection in the forward-looking information contained herein. Such factors include, but are not limited to, the following: exchange rate fluctuations, industry exposure, inflation, inability to enter into new contracts or the loss of existing contracts, inability to maintain government issued licenses, inability to obtain necessary aircraft or insurance, competition, political, economic and regulatory uncertainty, loss of key personnel, work stoppages due to labor disputes, accidents, mechanical failures, regulatory actions and future material acquisitions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. The Company disclaims any intentions or obligations to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Please refer to our annual report on Form 10-K, our quarterly reports on Form 10-Q, and other filings, in particular any discussion of risk factors or forward-looking statements, which are filed with the SEC and available at the SEC's website (www.sec.gov), for a full discussion of the risks and other factors that may impact any estimates or forward-looking statements made herein.

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There's no doubt that the Internet of Things is driving the next wave of innovation. Google has spent billions over the past few months vacuuming up companies that specialize in smart appliances and machine learning. Already, Philips light bulbs, Audi automobiles, and Samsung washers and dryers can communicate with and be controlled from mobile devices. To take advantage of the opportunities the Internet of Things brings to your business, you'll want to start preparing now.
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, 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. Meanwhile, 94% of enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect at Hookflash, will walk through the shifting landscape of traditional telephone and voice services ...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, described how to revolutioniz...
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner is Product Manager of the Omega DevCloud with KORE Telematics Inc., will discuss the evolving requirements for developers as IoT matures and conduct a live demonstration of how quickly application development can happen when the need to comply...
Container frameworks, such as Docker, provide a variety of benefits, including density of deployment across infrastructure, convenience for application developers to push updates with low operational hand-holding, and a fairly well-defined deployment workflow that can be orchestrated. Container frameworks also enable a DevOps approach to application development by cleanly separating concerns between operations and development teams. But running multi-container, multi-server apps with containers is very hard. You have to learn five new and different technologies and best practices (libswarm, sy...
SYS-CON Events announced today that DragonGlass, an enterprise search platform, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. After eleven years of designing and building custom applications, OpenCrowd has launched DragonGlass, a cloud-based platform that enables the development of search-based applications. These are a new breed of applications that utilize a search index as their backbone for data retrieval. They can easily adapt to new data sets and provide access to both structured and unstruc...
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, will discuss IoE and the enormous opportunities it provides to public and private firms alike. She will share what businesses must do to thrive in the IoE economy, citing examples from several industry sector...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, and physical persons. In the IoT vision, every new "thing" - sensor, actuator, data source, data con...