Welcome!

.NET Authors: Pat Romanski, Elizabeth White, ChandraShekar Dattatreya, Trevor Parsons, Peter Silva

News Feed Item

Oromin Announces Positive Results for the Updated 2013 Heap Leach Preliminary Economic Assessment at the OJVG Gold Project in Senegal

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/31/13 -- Oromin Explorations Ltd. (TSX:OLE)(OTCBB:OLEPF) ("Oromin" or the "Company"), on behalf of Oromin Joint Venture Group Ltd. ("OJVG"), is pleased to announce results for its updated 2013 Heap Leach Preliminary Economic Assessment ("2013 HL PEA") for its OJVG Gold Project (the "Project") in Senegal, West Africa. The 2013 HL PEA was compiled by Oromin under the direction of its V.P. of Engineering, Ken Kuchling, P.Eng., with the assistance of external independent consultants, including SRK Consulting (Canada) Ltd. ("SRK") who completed all of the resource models. The 2013 HL PEA is an update to the Project's 2011 heap leach PEA ("2011 HL PEA") completed by SRK and Ausenco Solutions Canada Inc. ("Ausenco"). The PEA has been completed concurrently with the Company's recently announced 2013 CIL feasibility study ("FS") update. The 2013 HL PEA evaluates deposits and potential mineable resources that are not included as part of the 2013 CIL FS. All figures presented are in US Dollars.

HIGHLIGHTS


--  Several open pit gold deposits will provide a heap leach production
    period of just over 14 years 
--  Average annual heap leach gold production for first full three years of
    production is 36,000 ounces per year at a $760 operating cash cost per
    ounce 
--  Average annual life of mine ("LOM") heap leach gold production is 27,000
    ounces per year at an operating cash cost of $929 per ounce 
--  Average LOM gold recovery of 70% 
--  Estimated start-up capital cost of $54 million including $10.5 million
    contingency 
--  At a gold price of $1550/oz Net Present Value ("NPV") pre-tax of $98
    million and after-tax of $76 million at a 5% discount rate generating an
    after-tax internal rate of return ("IRR") of 36% with an 1.9 year
    payback 
--  Current heap leach resources justify throughput expansion towards
    increased annual gold production 
--  All heap leach deposits remain open to expansion

Project Summary

The heap leach project can be developed, as originally proposed in the 2011 HL PEA, by open pit mining methods with material trucked from various deposits to a central plant for crushing, agglomeration, and heap leaching (Oromin news release of May 5, 2011). In order to remain consistent with the 2011 study, no change in the original 2 million tonnes per year production rate was assumed, although the defined production tonnage indicates that a heap leach capacity increase may be warranted.

The production plan envisioned in the 2013 HL PEA is based on a potentially mineable portion of the indicated plus inferred mineral resource of 28.4 million tonnes at a grade of 0.61 g/t containing 560,000 ounces of gold which will be mined over a 14 year mine life. The average annual production for the first 3 years is approximately 36,000 ounces of gold per year at an average operating cost of $760 per ounce, and over the mine life, approximately 27,000 ounces of gold per year at an average operating cost of $929 per ounce.

The 2013 HL PEA is considered preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Mineral resources that are not mineral reserves have not yet demonstrated economic viability. Due to the uncertainty that may be attached to inferred mineral resources, it cannot be assumed that all or any part of an inferred mineral resource will be upgraded to an indicated or measured mineral resource as a result of continued exploration or to mineral reserves once economic considerations are applied. Therefore, there is no certainty that the production profile contemplated in the 2013 HL PEA will be realized.

The economic modeling in the 2013 HL PEA for the OJVG Gold Project indicates positive economics. At a gold price of $1,550 per ounce, the heap leach aspect of the OJVG Gold Project yields a positive after-tax NPV of $76.4 million at a 5% discount rate. The after-tax IRR is 36 % and payback is only 1.9 years from initial gold production.

Exploration potential is considered excellent at the known heap leach gold deposits, which all remain open to further expansion as well as throughout the entirety of the Project area where more than a dozen newly identified exploration targets and prospects have been identified thus far. This exploration upside could support extending the processing life in the future, and would likely support an expanded operating capacity.

The indicated and inferred resources for the heap leach deposits outlined in Table 2, represent the starting point from which the potential mineable resources in Table 1 have been determined.

It is important to note that the recoverable heap leach gold ounces are derived from separate deposits or in the case of Masato, from low grade mineral resources that are below cut-off grade for the CIL mill facility proposed in the 2013 FS. As such, any potential value of recoverable heap leach gold ounces would be in addition to those defined in the 2013 CIL FS plan (Oromin news release of January 31, 2013). Table 1 summarizes, for each deposit, the potential mineable portion of the resource used to develop the heap leach production plan. Some of the smaller heap leach deposits have not been included in the production plan at this time.


       Table 1: Potential Mineable Resources for Heap Leach Deposits       
                      Effective Date: January 31, 2013                     
                                                                           
---------------------------------------------------------------------------
                         Diluted Tonnes     Diluted Grade  Contained Ounces
Deposit                         (000's)          (g/t Au)              (Au)
---------------------------------------------------------------------------
Niakafiri Southeast                                                        
---------------------                                                      
                                                                           
                Oxide         4,146,000              0.79           104,900
                                                                           
             Sulphide         1,611,000              0.80            41,400
---------------------------------------------------------------------------
Niakafiri Southwest                                                        
---------------------                                                      
                                                                           
                Oxide         1,376,000              0.54            23,700
                                                                           
             Sulphide         2,103,000              0.54            36,800
---------------------------------------------------------------------------
Maki Medina                                                                
---------------------                                                      
                                                                           
                Oxide         1,597,000              0.69            35,600
                                                                           
             Sulphide           777,000              0.75            18,700
---------------------------------------------------------------------------
Kobokoto                                                                   
---------------------                                                      
                                                                           
                Oxide         1,068,000              0.81            27,900
                                                                           
             Sulphide           328,000              0.97            10,200
---------------------------------------------------------------------------
Mamasato                                                                   
---------------------                                                      
                                                                           
                Oxide           356,000              0.95            10,900
                                                                           
             Sulphide           358,000              1.49            17,200
---------------------------------------------------------------------------
Sekoto                                                                     
---------------------                                                      
                                                                           
                Oxide           579,000              0.66            12,300
                                                                           
             Sulphide             3,000              0.59               100
---------------------------------------------------------------------------
Sub-Total                                                                  
                                                                           
                Oxide         9,122,000              0.73           215,300
                                                                           
             Sulphide         5,180,000              0.75           124,400
---------------------------------------------------------------------------
Masato                                                                     
---------------------                                                      
                                                                           
                Oxide         2,157,000              0.34            23,600
                                                                           
             Sulphide        11,969,000              0.51           196,500
---------------------------------------------------------------------------
Total                                                                      
                                                                           
                Oxide        11,279,000              0.66           238,900
                                                                           
             Sulphide        17,149,000              0.58           320,900
---------------------------------------------------------------------------
                                                                           
Total Combined               28,428,000              0.61           559,800
---------------------------------------------------------------------------

2012 Mineral Resource Estimate

Table 2 summarizes the mineral resources for all of the CIL and heap leach deposits identified to date and announced in Oromin's news release dated October 1, 2012. That news release includes details of SRK's mineral resource estimates and methodology. Mineral resources are inclusive of the Project's newly defined probable mineral reserves as outlined in the 2013 feasibility study update (Oromin news release of January 31, 2013).


                   Table 2: OJVG MINERAL RESOURCE ESTIMATE                  
                     Effective Date: SEPTEMBER 28, 2012                     
                                                                            
----------------------------------------------------------------------------
Deposit        Resource Category         Tonnage         Grade   Gold Ounces
----------------------------------------------------------------------------
                                         (000's)        g/t Au       (000's)
----------------------------------------------------------------------------
Golouma        Indicated                  13,685          3.18         1,400
----------------------------------------------------------------------------
Masato         Indicated                  44,970          1.34         1,933
----------------------------------------------------------------------------
Sub total      Indicated                  58,655          1.77         3,333
----------------------------------------------------------------------------
Heap Leach     Indicated                  16,551          0.84           445
----------------------------------------------------------------------------
TOTAL          Indicated                  75,206          1.56         3,778
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Golouma        Inferred                    5,455          3.43           601
----------------------------------------------------------------------------
Masato         Inferred                    3,527          1.13           128
----------------------------------------------------------------------------
Sub total      Inferred                    8,982          2.52           728
----------------------------------------------------------------------------
Heap Leach     Inferred                    8,346          0.87           234
----------------------------------------------------------------------------
TOTAL          Inferred                   17,329          1.73           963
----------------------------------------------------------------------------

The Golouma deposits include the Golouma (West/South/Northwest), Kerekounda and Kourouloulou deposits and together with the Masato deposit comprise the 4 CIL deposits subject to the FS. The Heap Leach category includes the Niakafiri Southeast, Niakafiri Southwest, Maki Medina, Kobokoto, Mamasato, Sekoto, Kinemba, Koulouqwinde, Koutouniokolla, and Kouroundi deposits. Tonnage and grades for the open pit portions of all deposits have been constrained by an optimized Whittle pit based on a $1500 per ounce gold price and the proposed mining and processing related costs. Tonnages and grades for Masato as well as the Golouma category deposits assume CIL processing methods and were calculated at gold cut-off grades of 0.32 g/t for sulphide material and 0.15 g/t for oxide material. Tonnages and grades for the Heap Leach category deposits assume heap leach processing methods and were calculated at gold cut-off grades of 0.24 g/t for sulphide material and 0.15 g/t for oxide material. Underground resources reported below the optimized pits for all of the deposits are reported using a 1.0 g/t cut-off grade. The detailed SRK resource reporting methodology is summarized in Oromin's October 1, 2012 news release.

The total indicated resource for all deposits at the OJVG Gold Project is 75.21 million tonnes grading 1.56 g/t Au containing 3.78 million ounces of gold. The total inferred resource for all deposits at the Project is 17.33 million tonnes grading 1.73 g/t Au containing 0.96 million ounces of gold.

From the above Table, the heap leach deposits' total indicated resource of 16.55 million tonnes grading 0.84 g/t Au containing 445,000 ounces of gold, the inferred resources of 8. 35 million tonnes grading 0.87 g/t Au containing 234,000 ounces of gold plus the low grade mineral resources from Masato (that are within the final reserve pit, but below cut-off grade for the CIL mill facility proposed in the 2013 feasibility study and referred to on Page 3), provided the resource base for the 2013 HL PEA. Pit optimizations were completed for each of the heap leach deposits in order to quantify the material that would be considered as potentially mineable for use in the production plan. Ultimately the 2013 HL PEA considered the development of six of the ten heap leach deposits that were deemed of sufficient size to warrant development at this stage.

Mining and Production

The low grade material resources from Masato and open pit heap leach deposits at the OJVG Gold Project will produce a total of 28.4 million tonnes (Mt) of heap leach feed and 52.5 Mt of waste rock over a 14 year mine operating period. The heap leach stacking rate assumed is 2.0 million tonnes per year. Given the size of the potential tonnage, an increase in production rate may improve the heap leach economics significantly.

Average annual gold production for the initial 3 years of full production beginning in 2016 is expected to be 36,000 ounces. Over the 14 year project life, total gold production is estimated to be 390,000 ounces.

The open-pit shells were initially optimized by applying economic factors for a gold price of $1,250/ounce, mining dilution, heap leach recovery, operating costs, refining/transport costs and royalties. Operational pits were then designed in order to estimate the potential mineable portion of the resource for use in the production plan.

Processing

Heap leach metallurgical test work was completed on three Masato composites, four Niakafiri Southeast composites, and one Niakafiri Southwest composite. These three deposits provide about 80% of the total heap leach tonnage. Test work consisted of bottle rolls on fine grind and coarse grind samples, as well as column leach tests. No test work has yet been completed on the other heap leach deposits.

The average overall gold recovery from the bottle roll and column leach test work to date is 74% based on 82.5% for the oxide material and 60.9% for the fresh rock material. For the purposes of the 2013 HL PEA recoveries of 82.5% for oxide and 60% for sulphide rock have been assumed for all deposits under consideration, resulting in an overall average heap leach recovery of 70%.

Capital and Operating Costs

The capital and operating costs for the heap leach operation are assumed to be incremental to the costs for the CIL project. For example, general site facilities and administration services will be borne by the CIL project and hence only specific costs for bringing on the heap leach operation are considered. Pre-production development capital as of Q1 2013 for project facilities relating to the heap leach project is estimated to be approximately $54 million to an estimated accuracy of +/-35%. This estimate includes the construction of the heap leach pad and associated dams, process plant and associated services and reagent facilities, local power supply, site construction costs, and an overall project contingency of 25%.

The estimated operating costs for the heap leach project are set out in Table 3. It is assumed that all mining will be done by a mining contractor for the heap leach pits.


               Table 3: Heap Leach Operating Cost Assumptions               
                                                                            
----------------------------------------------------------------------------
                                        Oxide Material     Sulphide Material
----------------------------------------------------------------------------
Mining Cost ($/t material)                       $1.70                 $2.38
----------------------------------------------------------------------------
Heap Leaching cost ($/t feed)                    $6.18                 $6.73
----------------------------------------------------------------------------
Feed transport cost ($/t-km)                     $0.12                 $0.12
----------------------------------------------------------------------------
G&A Cost (incremental)                           $0.11                 $0.11
----------------------------------------------------------------------------

Cash Flow Analysis

Project economics were evaluated using varying gold prices. For each economic scenario the gold price was fixed throughout the project life and all cash flows are based on the same production mine plan. Three gold prices were used in the cash flow analysis: $1,350/oz, $1,550/oz and $1,750/oz.

The assumptions used in the economic modelling include:


--  5% discount rate for NPV calculation; 
--  Exclusion of all duties and taxes for our tax-exempt period ending in
    January 2018 with a 15% import duty applied to 80% of operating costs
    starting in year 2018 and a 30% corporate income tax starting in year
    2018; 
--  3% government royalty on payable gold revenue; 
--  100% payable gold with a $7.00/oz offsite cost; 
--  All pre-2015 costs assumed to be sunk costs with economic analysis
    beginning in 2015 (2015 is Year -1); 
--  Commercial plant production begins January 2016.

The economic analysis results are summarized in Table 4:


                     Table 4: Cash Flow Analysis Results                    
                                                                            
----------------------------------------------------------------------------
                                      
Parameter                         Unit  ------------------------------------
                                         $1250/oz Au $1550/oz Au $1750/oz Au
----------------------------------------------------------------------------
Off site gold cost                $/oz          7.00        7.00        7.00
----------------------------------------------------------------------------
Heap Leach feed mined              Mt           28.4        28.4        28.4
----------------------------------------------------------------------------
Average grade                    g/t Au         0.61        0.61        0.61
----------------------------------------------------------------------------
Average process recovery            %           70.%        70.%        70.%
----------------------------------------------------------------------------
Gold produced                    M. oz.      389,600     389,600     389,600
----------------------------------------------------------------------------
Unit operating cost per tonne                                               
 processed                         $/t        $12.70      $12.70      $12.70
Unit operating cost per oz       $/oz Au        $929        $929        $929
----------------------------------------------------------------------------
Pre-production capital cost        $M         $ 54.0      $ 54.0      $ 54.0
----------------------------------------------------------------------------
Total capital cost (Life of                                                 
 mine)                             $M         $ 69.0      $ 69.0      $ 69.0
----------------------------------------------------------------------------
Pre-tax NPV0%                      $M          $76.6      $152.2      $227.8
Pre-tax NPV5%                      $M          $45.2       $98.3      $151.4
Pre-tax IRR                         %            24%         41%         56%
After-tax NPV0%                    $M          $60.7      $118.8      $176.3
After-tax NPV5%                    $M          $34.8       $76.4      $117.6
After-tax IRR                       %            21%         36%         51%
After-tax payback period          years          2.9         1.9         1.6
----------------------------------------------------------------------------

The results of the economic analysis indicate that the project demonstrates positive economics for all three gold price scenarios.

As part of the on-going advanced study of the OJVG Gold Project, further optimizations will be done to determine the optimal allocation of material between the CIL plant and the heap leach plant based on specific cost and recovery parameters for each deposit and each processing method.

Qualified Persons

Ken Kuchling, P. Eng., is a qualified person for the purposes of National Instrument 43-101, and has reviewed and verified the technical data disclosed in this news release. The Resources and Reserves estimations have been undertaken by SRK Consulting (North America). Certification by the relevant Qualified Persons that participated in the completion of the HL PEA under the direction of Mr. Kuchling, will be included in the final technical report.

To find out more about Oromin Explorations Ltd., visit www.oromin.com.

On behalf of the Board of Directors of OROMIN EXPLORATIONS LTD.

Chet Idziszek, President and CEO

(Refer to the "Cautionary Statements" on the following page.)

Cautionary Statements

This press release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Specifically, this press release has as its principal subject a preliminary economic analysis (the "2013 HL PEA") as at January 2013 prepared by our independent consultants working in conjunction with in-house staff. In addition, this release A) makes reference to a mineral resource estimate as at September 2012, as set out in our news release filed on SEDAR October 1, 2012 (the "2012 Resource Estimate"), B) makes reference to our preliminary economic assessment of the viability of heap leach processing filed on SEDAR May 5, 2011 (the "2011 PEA", and C) makes reference to a feasibility study update also issued today, January 31, 2013 and filed on SEDAR (the "2013 Feasibility Update")). It is emphasized to readers that any mineral resource estimate, preliminary economic assessment or feasibility study is based upon assumptions about such factors as extent and continuity of mineralization, rock density, and variation between predicted and actual deposit shapes. In addition any preliminary economic assessment or feasibility study is based upon assumptions about such factors as availability of capital for development, commencement of construction, capital costs, ore grade, anticipated gold production, gold recovery, cash operating costs and other costs, expected mine life, projected internal rate of return, projected payback period, sensitivity to metal prices and other sensitivities, and assumptions underlying any financial analysis. Statements based on such assumptions may be viewed as forward-looking statements.

Any company contemplating the development of a mineral resource is subject to such risks and uncertainties as commodity price volatility, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and exchange rate fluctuations, market competition, ongoing relations with employees and impacted communities, general economic conditions and other risks involved in the mineral exploration and development industry, as well as those risk factors discussed in the section entitled "Description of Business - Risk Factors" in Oromin's Annual Information Form filed on SEDAR May 29, 2012. Statements based on such assumptions may be viewed as forward-looking statements.

The operating and capital costs in the 2013 HL PEA were developed to be reasonable estimates within industry benchmarks. The 2013 HL PEA uses estimates of gold prices in line with norms currently used in our industry. There is no certainty that the results of the 2013 HL PEA will ever be realized. Should one or more of the risks or uncertainties involved in forward-looking statements relating to the 2013 HL PEA materialize, or should the assumptions underlying the 2013 HL PEA prove incorrect, actual results of the 2013 HL PEA may vary materially from those anticipated, believed, estimated or expected. Statements based on such assumptions may be viewed as forward-looking statements.

In addition to the forward-looking statements associated with resource estimates and the 2013 HL PEA, this news release contains other forward-looking statements associated with the following matters: references to the 2013 CIL Feasibility Study on pages 1, 2 and 4; references to exploration potential and to deposits remaining open to further expansion on page 2; the assumption about mining being done by a contractor on page 5; and discussions of an on-going advanced study and further optimizations on page 6.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which are beyond Oromin's ability to predict or control and may cause Oromin's actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Oromin undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law.

Cautionary Note to U.S. Readers Regarding Estimates of Indicated and Inferred Resources

This document uses the terms "indicated mineral resources" and "inferred resources". The Company advises U.S. investors that while these terms are recognized and required by Canadian regulations, they are not recognized by the SEC. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred" or "indicated mineral resource" will ever be upgraded to a higher category. Under Canadian rules, estimates of "inferred mineral resources" may not form the basis of a feasibility study or prefeasibility studies, except in rare cases, such as with an initial PEA. The 2013 HL PEA is not an initial PEA. The SEC, normally, only permits issuers to report mineralization that does not constitute "reserves" as in-place tonnage and grade, without reference to unit measures. Under U.S. standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. U.S. investors are cautioned not to assume that any part or all of a measured, indicated or inferred resource exists or is economically or legally mineable. Information concerning descriptions of mineralization and resources contained herein may not be comparable to information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC.

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
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water, are pursuing SmartGrid initiatives that represent one of the more mature examples of SAE. We have s...
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...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrategies, will examine why IT must finally fulfill its role in support of its SBUs or face a new round of...
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, described an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device experiences grounded in people's real needs and desires.
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. According to a recent IDG Research Services Survey this rate of traffic will only grow. What's driving t...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
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, examined 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 is e...
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) i...
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
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...
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC’s significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from hardware to software, or as we like to say, it’s an Internet of many different things. The difference ...
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.