Click here to close now.

Welcome!

.NET Authors: Elizabeth White, Liz McMillan, Pat Romanski, Jaynesh Shah, Carmen Gonzalez

News Feed Item

TranSwitch Corporation Announces Fourth Quarter 2012 Financial Results

TranSwitch Corporation (NASDAQ: TXCC), a leading provider of semiconductor solutions for multimedia connectivity and processing, today announced financial results for the fourth quarter ended December 31, 2012.

Net revenues for the fourth quarter of 2012 were approximately $5.6 million, as compared to net revenues of $4.8 million for the third quarter of 2012 and $6.3 million for the fourth quarter of 2011. Net loss for the fourth quarter of 2012 was ($3.1) million, or ($0.09) per basic and diluted common share, as compared to a net loss of ($3.0) million, or ($0.09) per basic and diluted common share for the third quarter of 2012, and a net loss of ($11.9) million, or ($0.39) per basic and diluted common share for the fourth quarter of 2011.

The GAAP gross margin for the fourth quarter was 75%. This is compared to the Company's GAAP gross margin of 64% for the third quarter of 2012, and 58% for the fourth quarter of 2011.

Total non-GAAP operating expenses for the fourth quarter of 2012 were $5.6 million, as compared to $5.7 million in the third quarter of 2012 and $7.7 million in the fourth quarter of 2011. Non-GAAP operating expenses for the fourth quarter of 2012 exclude $0.1 million in amortization of purchase price intangibles, $0.7 million in stock-based compensation, $0.6 million in intangible impairments and $0.4 million in restructuring charges, along with a benefit of $0.2 million from the reversal of accrued royalties. Total GAAP operating expenses for the fourth quarter of 2012 were $7.2 million, as compared to $6.0 million in the third quarter of 2012 and $15.4 million in the fourth quarter of 2011.

Non-GAAP operating loss for the fourth quarter of 2012 was ($1.4) million, compared to a non-GAAP operating loss of ($2.7) million for the third quarter of 2012 and a non-GAAP operating loss of ($4.1) million for the fourth quarter of 2011. On a GAAP basis, the operating loss for the fourth quarter of 2012 was ($3.0) million, compared to an operating loss of ($2.9) million for the third quarter of 2012 and an operating loss of ($11.8) million for the fourth quarter of 2011.

Non-GAAP net loss for the fourth quarter of 2012 was ($1.5) million, or ($0.04) per share, compared with a non-GAAP net loss of ($2.7) million, or ($0.08) per share, for the third quarter of 2012 and a non-GAAP net loss of ($4.2) million, or ($0.14) per share, for the fourth quarter of 2011.

Further information about non-GAAP measures is provided below and a reconciliation of the non-GAAP measures to the comparable GAAP results is provided after the financial statements attached to this release.

“We continued to make progress in the fourth quarter toward our business objectives,” stated Dr. M. Ali Khatibzadeh, President and CEO of TranSwitch Corporation. “Our financial metrics improved with an approximately 18% sequential increase in quarterly revenue and an increase in gross margin to 75%, driven by a favorable mix of IP licensing revenue. More importantly, on the new video connectivity business, we are tracking to our customer and sales expansion plans. Starting with our first customer at the beginning of the quarter, we exited the fourth quarter by commencing production shipments of HDplay™ products for four customers. We anticipate the list of active HDplay™ customers to grow to seven by the end of the first quarter of 2013 and to continuously increase throughout 2013. We have announced some of our new customers during the quarter and more recently. Our list of new customer opportunities for HDplay™ products has increased to over 70 potential customers and we anticipate a marked increase in revenue in the second half of 2013 as more customers reach production phase. Another important catalyst in the ramp of our new business has been the introduction at the 2013 CES of the new members of the HDplay™ product family, which support the new MHL mobile video connectivity standard , in addition to HDMI and DisplayPort , for pico projectors, digital TV’s and other applications. MHL is becoming widely adopted by smart phone and tablet OEM’s with over 220Mu installed base and rapid growth in forecasted volume. TranSwitch is the first company to announce a multi-mode transceiver covering all three major standards. With regards to improving our balance sheet, we have signed an agreement for the sale of one set of our legacy telecom patents and continue to market the balance of our legacy patent portfolio. We will report financial information relating to patent transactions only after the contracts are concluded and closed.”

Additional details on TranSwitch’s fourth quarter 2012 financial results will be discussed during a conference call regarding this announcement today at 5:30 pm Eastern time. To listen to the live call, investors can dial 719-325-2361 and reference confirmation code: 4955948. The call will be recorded and a replay will be available two hours after the conclusion of the live broadcast through February 23, 2013. To access the replay, dial 719-457-0820 and enter confirmation code: 4955948. Investors can also access an audio webcast which will be broadcast through Vcall’s Investor Calendar at www.investorcalendar.com or the Company’s website at www.transwitch.com. This audio webcast will also be available on a replay basis for 10 business days.

About TranSwitch Corporation

TranSwitch Corporation (Nasdaq:TXCC) provides innovative integrated circuit (IC) and intellectual property (IP) solutions that deliver core functionality for video, voice, and data communications equipment for the customer premises and network infrastructure markets. For the customer-premises market, we offer multi-standard, high-speed interconnect solutions enabling the distribution and presentation of high-definition (HD) video and data content for consumer electronics applications. We also provide a family of best-in-class communications processors. For the network infrastructure market we provide integrated multi-core network processor System-on-a-Chip (SoC) solutions for Fixed, 3G and 4G Mobile, VoIP and Multimedia applications. TranSwitch’s customers are leading consumer electronics and telecom equipment companies around the globe. For more information, please visit www.transwitch.com or follow us at Facebook or Twitter.

Forward-looking statements in this release, including statements regarding management's expectations for future financial results and the markets for TranSwitch's products, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements regarding TranSwitch, its operations and its financial results, involve risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements, including without limitation the risks associated with downturns in economic conditions generally and in the telecommunications and data communications markets and the semiconductor industry specifically; risks in product development and market acceptance of and demand for TranSwitch’s products and products developed by TranSwitch’s customers; risks associated with foreign sales and high customer concentration; risks associated with competition and competitive pricing pressures; risks in technology development and commercialization; risks of failing to attract and retain key managerial and technical personnel; risks relating to TranSwitch’s available cash; risks associated with acquiring new businesses; risks of dependence on third-party VLSI fabrication facilities; risks related to intellectual property rights and litigation; and other risks detailed in TranSwitch's filings with the Securities and Exchange Commission.

TranSwitch expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in expectations or any change in events, conditions or circumstances on which any such statement is based.

TranSwitch is a registered trademark of TranSwitch Corporation.

Reconciliation of Non-GAAP Financial Measures to Comparable U.S. GAAP Measures (Unaudited)

Pursuant to the requirements of Regulation G, the Company has provided a reconciliation of each non-GAAP financial measure used in this earnings release and related conference call or webcast to the most directly comparable financial measure prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). The reconciliation for historic non-GAAP measures is provided herein on a quantitative basis and for non-GAAP measures that are forward-looking is provided herein on a qualitative basis.

The non-GAAP measures used in this earnings release and related conference call differ from GAAP in that they exclude expenses related to stock-based compensation, amortization of intangible assets, the effects of special charges such as asset impairments, restructuring charges and benefits from the reversal of accrued royalties. The Company’s basis for these adjustments is described below. Management uses these non-GAAP measures for internal reporting and forecasting purposes. The Company has provided these non-GAAP financial measures in addition to GAAP financial results because it believes that these non-GAAP financial measures provide useful information to certain investors and financial analysts for comparison across accounting periods not influenced by certain non-cash items that are not used by management when evaluating the Company’s historical and prospective financial performance.

Management uses these non-GAAP financial measures when evaluating the Company’s operating performance and believes that such measures are useful to investors and financial analysts in assessing the Company’s operating performance as the Company believes that the presentation of non-GAAP measures that adjust for the impact of stock-based compensation expenses, amortization of intangible assets, the effects of special charges such as asset impairments and restructuring charges and benefits from the reversal of accrued royalties provides investors and financial analysts with a consistent basis for comparison across accounting periods and, therefore, are useful to investors and financial analysts in helping them to better understand the Company’s operating results and underlying operational trends.

We do not provide forward-looking GAAP measures or a reconciliation of the forward-looking non-GAAP measures to GAAP measures because of our inability to project special charges, asset impairments, employee separation costs and stock-based compensation related expenses.

The non-GAAP financial measures we provide have certain limitations because they do not reflect all of the costs associated with the operation of our business as determined in accordance with GAAP. The non-GAAP measures are in addition to, and not a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies. We endeavor to compensate for the limitations of these non-GAAP measures by providing GAAP financial statements, descriptions of the reconciling items and a reconciliation of the non-GAAP measures to the most directly comparable GAAP measures so that investors can appropriately incorporate the non-GAAP measures and their limitations into their analyses. Please see our financial statements and "Management's Discussion and Analysis of Results of Operations and Financial Condition" that will be included in the periodic report we expect to file with the SEC with respect to the financial periods discussed herein.

 

TranSwitch Corporation

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

(in thousands, except for per share amounts)

 
      Three Months Ended   Twelve Months Ended
Dec 31,

2012

 

Sep 30,

2012

  Dec 31,

2011

Dec 31,

2012

    Dec 31,

2011

Net revenues:
Product revenues $ 3,148 $ 1,631 $ 5,018 $ 10,315 $ 19,700
Intellectual property and service revenues 2,472 3,121 1,292 7,563 8,555
Total net revenues 5,620 4,752 6,310 17,878 28,255
 
Cost of revenues:
Cost of product revenues 1,045 694 2,131 3,724 6,641
Provision for excess and obsolete inventories 264 154 42 869 228
Cost of service revenues 94 844 499 1,274 3,454
Total cost of revenues 1,403 1,692 2,672 5,867 10,323
Gross profit 4,217 3,060 3,638 12,011 17,932
 
Operating expenses:
Research and development 3,553 3,325 5,158 15,892 18,885
Marketing and sales 928 1,144 1,499 5,031 7,335
General and administrative 1,838 1,851 1,758 7,751 7,457
Restructuring charges 426 (6,949 ) 1,427 (5,558 )
Impairment of goodwill and other intangibles 648 14,312 648 14,312
Reversal of accrued royalties (171 ) (332 ) (333 ) (1,003 ) (2,363 )
Total operating expenses 7,222 5,988 15,445 29,746 40,068
Operating loss (Note 1) (3,005 ) (2,928 ) (11,807 ) (17,735 ) (22,136 )
 
Other (expense) income:
Other income (expense) (30 ) 41 8 (33 ) 18
Interest income (expense):
Interest income (14 ) 32 25 58 125
Interest expense (46 ) (37 ) (6 ) (124 ) (243 )
Interest (expense) income, net (60 ) (5 ) 19 (66 ) (118 )
Total other income (expense), net (90 ) 36 27 (99 ) (100 )
 
Loss before income taxes (3,095 ) (2,892 ) (11,780 ) (17,834 ) (22,236 )
Income tax expense 47 108 157 388 636
Net loss $ (3,142 ) $ (3,000 ) $ (11,937 ) $ (18,222 ) $ (22,872 )
 
Net loss per common share – basic and diluted $ (0.09 ) $ (0.09 ) $ (0.39 ) $ (0.55 ) $ (0.82 )
 
Weighted average common shares outstanding – basic and diluted 35,907 34,269 30,555 33,130 27,911
 
 

Note 1: Stock-based compensation expense included in cost of revenues

  and operating expenses is as follows:

Cost of revenues $ 7 $ 8 $ 6 $ 7 $ 54
Research and development 198 147 156 543 780
Marketing and sales 131 93 107 374 468
General and administrative 376 259 269 1,213 1,172
Total $ 712 $ 507 $ 538 $ 2,137 $ 2,474
 
 

TranSwitch Corporation

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

(in thousands)

 
          December 31,

2012

        December 31,

2011

ASSETS
Current assets:
Cash, cash equivalents, restricted cash and short-term investments $ 2,244 $ 7,554
Accounts receivable, net 4,238 6,375
Inventories 748 1,988
Prepaid expenses and other current assets   1,409     1,876
 
Total current assets 8,639 17,793
 
Property and equipment, net 1,111 1,355
Goodwill 5,271 5,271
Other intangible assets, net 548 1,461
Other assets   2,028     1,738
 
Total assets $ 17,597   $ 27,618
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Bank debt $ 2,432 $
Accounts payable, accrued expenses and other current liabilities 10,457 10,932
Current portion of restructuring liabilities   2,016     1,995

 

Total current liabilities 14,905 12,927
 
Restructuring liabilities   1,463     2,485
 
Total liabilities   16,368     15,412
 
Total stockholders’ equity   1,229     12,206
 
Total liabilities and stockholders’ equity $ 17,597   $ 27,618
 
 
TRANSWITCH CORPORATION
Supplemental Reconciliation of GAAP Results to Non-GAAP
(Unaudited)
(In thousands, except per share data)
 
            Three Months Ended     Twelve Months Ended
Dec 31,   Sep 30,   Dec 31, Dec 31,   Dec 31,
2012     2012     2011 2012     2011
GAAP gross profit $ 4,217 $ 3,060 $ 3,638 $ 12,011 $ 17,932
Add:
Stock-based compensation 7   8   6   7   54  
Non-GAAP gross profit $ 4,224   $ 3,068   $ 3,644   $ 12,018   $ 17,986  
 
GAAP gross margin 75.0 % 64.4 % 57.7 % 67.2 % 63.5 %
Stock-based compensation 0.1 % 0.2 % 0.1 % 0.0 % 0.2 %
Non-GAAP gross margin 75.2 % 64.6 % 57.7 % 67.2 % 63.7 %
 
GAAP research and development expenses $ 3,553 $ 3,325 $ 5,158 $ 15,892 $ 18,885
Less:
Amortization of purchase accounting intangibles 7 38 39 122 379
Stock-based compensation 198   147   156   543   780  
Non-GAAP research and development expenses $ 3,348   $ 3,140   $ 4,963   $ 15,227   $ 17,726  
 
GAAP selling, general, and administrative expenses $ 2,766 $ 2,995 $ 3,257 $ 12,782 $ 14,792
Less:
Amortization of purchase accounting intangibles 25 39 127 143 976
Stock-based compensation 507   352   376   1,587   1,640  
Non-GAAP selling, general, and administrative expenses $ 2,234   $ 2,604   $ 2,754   $ 11,052   $ 12,176  
 
GAAP operating expenses $ 7,222 $ 5,988 $ 15,445 $ 29,746 $ 40,068
Less:
Amortization of purchase accounting intangibles 32 77 166 265 1,355
Stock-based compensation 705 499 532 2,130 2,420
Reversal of accrued royalties and other (171 ) (332 ) (333 ) (1,003 ) (2,363 )
Impairment of goodwill and intangibles 648 - 14,312 648 14,312
Restructuring charges 426   -   (6,949 ) 1,427   (5,558 )
Non-GAAP operating expenses $ 5,582   $ 5,744   $ 7,717   $ 26,279   $ 29,902  
Non-GAAP operating loss $ (1,358 ) $ (2,676 ) $ (4,073 ) $ (14,261 ) $ (11,916 )
 
GAAP net loss $ (3,142 ) $ (3,000 ) $ (11,937 ) $ (18,222 ) $ (22,872 )
Add:
Amortization of purchase accounting intangibles 32 77 166 265 1,355
Stock-based compensation 712 507 538 2,137 2,474
Reversal of accrued royalties and other (171 ) (332 ) (333 ) (1,003 ) (2,363 )
Impairment of goodwill and intangibles 648 - 14,312 648 14,312
Restructuring charges 426   -   (6,949 ) 1,427   (5,558 )
Non-GAAP net loss $ (1,495 ) $ (2,748 ) $ (4,203 ) $ (14,748 ) $ (12,652 )
 
Non-GAAP basic net loss per share $ (0.04 ) $ (0.08 ) $ (0.14 ) $ (0.45 ) $ (0.45 )
Basic shares used to calculate non-GAAP net loss per share 35,907 34,269 30,555 33,130 27,911
 

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
While great strides have been made relative to the video aspects of remote collaboration, audio technology has basically stagnated. Typically all audio is mixed to a single monaural stream and emanates from a single point, such as a speakerphone or a speaker associated with a video monitor. This leads to confusion and lack of understanding among participants especially regarding who is actually speaking. Spatial teleconferencing introduces the concept of acoustic spatial separation between conference participants in three dimensional space. This has been shown to significantly improve comprehe...
SYS-CON Events announced today that the "First Containers & Microservices Conference" will take place June 9-11, 2015, at the Javits Center in New York City. The “Second Containers & Microservices Conference” will take place November 3-5, 2015, at Santa Clara Convention Center, Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists will peel away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud environment, and we must architect and code accordingly. At the very least, you'll have no problem fil...
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...
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use cases.
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, including what it is today, what it might ultimately be, the role of wearable tech, and technology gaps stil...
One of the biggest impacts of the Internet of Things is and will continue to be on data; specifically data volume, management and usage. Companies are scrambling to adapt to this new and unpredictable data reality with legacy infrastructure that cannot handle the speed and volume of data. In his session at @ThingsExpo, Don DeLoach, CEO and president of Infobright, will discuss how companies need to rethink their data infrastructure to participate in the IoT, including: Data storage: Understanding the kinds of data: structured, unstructured, big/small? Analytics: What kinds and how responsiv...
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
Advanced Persistent Threats (APTs) are increasing at an unprecedented rate. The threat landscape of today is drastically different than just a few years ago. Attacks are much more organized and sophisticated. They are harder to detect and even harder to anticipate. In the foreseeable future it's going to get a whole lot harder. Everything you know today will change. Keeping up with this changing landscape is already a daunting task. Your organization needs to use the latest tools, methods and expertise to guard against those threats. But will that be enough? In the foreseeable future attacks w...
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.
Cloud is not a commodity. And no matter what you call it, computing doesn’t come out of the sky. It comes from physical hardware inside brick and mortar facilities connected by hundreds of miles of networking cable. And no two clouds are built the same way. SoftLayer gives you the highest performing cloud infrastructure available. One platform that takes data centers around the world that are full of the widest range of cloud computing options, and then integrates and automates everything. Join SoftLayer on June 9 at 16th Cloud Expo to learn about IBM Cloud's SoftLayer platform, explore se...
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionality and provide short-term introductory projects that developers can complete between sessions.
The 3rd International @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 – is now accepting Hackathon proposals. Hackathon sponsorship benefits include general brand exposure and increasing engagement with the developer ecosystem. At Cloud Expo 2014 Silicon Valley, IBM held the Bluemix Developer Playground on November 5 and ElasticBox held the DevOps Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of...
In the consumer IoT, everything is new, and the IT world of bits and bytes holds sway. But industrial and commercial realms encompass operational technology (OT) that has been around for 25 or 50 years. This grittier, pre-IP, more hands-on world has much to gain from Industrial IoT (IIoT) applications and principles. But adding sensors and wireless connectivity won’t work in environments that demand unwavering reliability and performance. In his session at @ThingsExpo, Ron Sege, CEO of Echelon, will discuss how as enterprise IT embraces other IoT-related technology trends, enterprises with i...
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...
We’re no longer looking to the future for the IoT wave. It’s no longer a distant dream but a reality that has arrived. It’s now time to make sure the industry is in alignment to meet the IoT growing pains – cooperate and collaborate as well as innovate. In his session at @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine the key ingredients to IoT success and identify solutions to challenges the industry is facing. The deep industry expertise behind this presentation will provide attendees with a leading edge view of rapidly emerging IoT oppor...
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focused on understanding how industrial data can create intelligence for industrial operations. Imagine ...