Welcome!

.NET Authors: Jim Kaskade, Adine Deford, TJ Randall, Sandi Mappic, Ivan Antsipau

News Feed Item

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.

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
SYS-CON Events announced today that Harbinger Systems will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Harbinger Systems is a global company providing software technology services. Since 1990, Harbinger has developed a strong customer base worldwide. Its customers include software product companies ranging from hi-tech start-ups in Silicon Valley to leading product companies in the US and large in-house IT organizations.
SYS-CON Events announces a new pavilion on the Cloud Expo floor where WebRTC converges with the Internet of Things. Pavilion will showcase WebRTC and the Internet of Things. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices--computers, smartphones, tablets, and sensors – connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades.
The only place to be June 9-11 is Cloud Expo & @ThingsExpo 2015 East at the Javits Center in New York City. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT & Big Data companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked for their ability to explore the economic strategies that utility/cloud computing provides. Whether public, private, or in a hybrid form, clo...
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridsto...
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, a...
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at Internet of @ThingsExpo, Andrew Bolwell, Director of Innovation for HP’s Printing and Personal Systems Group, will discuss how key attributes of mobile technology – touch input, senso...
The Internet of Things (IoT) is making everything it touches smarter – smart devices, smart cars and smart cities. And lucky us, we’re just beginning to reap the benefits as we work toward a networked society. However, this technology-driven innovation is impacting more than just individuals. The IoT has an environmental impact as well, which brings us to the theme of this month’s #IoTuesday Twitter chat. The ability to remove inefficiencies through connected objects is driving change throughout every sector, including waste management. BigBelly Solar, located just outside of Boston, is trans...
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics...
Internet of @ThingsExpo Silicon Valley announced on Thursday its first 12 all-star speakers and sessions for its upcoming event, which will take place November 4-6, 2014, at the Santa Clara Convention Center in California. @ThingsExpo, the first and largest IoT event in the world, debuted at the Javits Center in New York City in June 10-12, 2014 with over 6,000 delegates attending the conference. Among the first 12 announced world class speakers, IBM will present two highly popular IoT sessions, which will take place November 4-6, 2014 at the Santa Clara Convention Center in Santa Clara, Calif...
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at Internet of @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., will show what is needed to leverage the IoT to transform your business. He will discuss opportunities and challenges ahead for the IoT from a market and tec...
SYS-CON Events announced today that TeleStax, the main sponsor of Mobicents, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. TeleStax provides Open Source Communications software and services that facilitate the shift from legacy SS7 based IN networks to IP based LTE and IMS networks hosted on private (on-premise), hybrid or public clouds. TeleStax products include Restcomm, JSLEE, SMSC Gateway, USSD Gateway, SS7 Resource Adaptors, SIP Servlets, Rich Multimedia Services, Presence Services/RCS, Diame...
From a software development perspective IoT is about programming "things," about connecting them with each other or integrating them with existing applications. In his session at @ThingsExpo, Yakov Fain, co-founder of Farata Systems and SuranceBay, will show you how small IoT-enabled devices from multiple manufacturers can be integrated into the workflow of an enterprise application. This is a practical demo of building a framework and components in HTML/Java/Mobile technologies to serve as a platform that can integrate new devices as they become available on the market.
SYS-CON Events announced today that O'Reilly Media has been named “Media Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. O'Reilly Media spreads the knowledge of innovators through its books, online services, magazines, and conferences. Since 1978, O'Reilly Media has been a chronicler and catalyst of cutting-edge development, homing in on the technology trends that really matter and spurring their adoption by amplifying "faint signals" from the alpha geeks who are creating the future. An...
SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue business and deliver exceptional experiences to their customers.
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.
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
As a disruptive technology, Web Real-Time Communication (WebRTC), which is an emerging standard of web communications, is redefining how brands and consumers communicate in real time. The on-going narrative around WebRTC has largely been around incorporating video, audio and chat functions to apps. In his session at Internet of @ThingsExpo, Alex Gouaillard, Founder and CTO of Temasys Communications, will look at a fourth element – data channels – and talk about its potential to move WebRTC beyond browsers and into the Internet of Things.
SYS-CON Events announced today that Gigaom Research has been named "Media Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Ashar Baig, Research Director, Cloud, at Gigaom Research, will also lead a Power Panel on the topic "Choosing the Right Cloud Option." Gigaom Research provides timely, in-depth analysis of emerging technologies for individual and corporate subscribers. Gigaom Research's network of 200+ independent analysts provides new content daily that bridges the gap between break...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.