Welcome!

Microsoft Cloud Authors: Pat Romanski, Srinivasan Sundara Rajan, Glenn Rossman, Janakiram MSV, Steven Mandel

News Feed Item

Russel Metals Announces 2012 Annual and Fourth Quarter Results

TORONTO, ONTARIO -- (Marketwire) -- 02/12/13 -- Russel Metals Inc. (TSX:RUS) today announced fourth quarter 2012 earnings of $20 million, or $0.34 per share on revenues of $766 million. These results compare with our 2011 fourth quarter earnings per share of $0.47 on revenues of $712 million.

Our fourth quarter earnings include the operating income of Apex Distribution which contributed $6 million in operating income from the date of its acquisition on November 8, 2012. This positive contribution to our energy products segment earnings was muted by the inventory write-downs of $4 million taken in the period by certain of our other energy operations due to price declines in pipe products. The operating earnings for the segment improved to $18 million in the quarter from $17 million in the fourth quarter of 2011.

Operating profits in the fourth quarter of 2012 for our metals service centers were $17 million down from $21 million in the fourth quarter of 2011. Results were impacted by an industry-wide drop in volumes in November and December beyond expected seasonality. Gross margins improved slightly in the 2012 fourth quarter as a result of steel mills attempting to raise prices. In September 2012, the unionized employees at our Boucherville, Quebec operation took strike action and this work stoppage was resolved on February 7, 2013. The strike has reduced our operating income by approximately $2 million in the quarter.

Our steel distributor segment fourth quarter operating profits decreased to $7 million from $11 million in the fourth quarter of 2011 due to soft demand and tightening margins. Gross margins improved slightly to 13.2% from 13.0% in the 2012 third quarter consistent with our metals service center operations.

Net earnings for the fourth quarter were also negatively impacted by $2 million due to non-cash charges, including the amortization of intangibles, and transaction costs related to the Apex Distribution acquisition.

For the year, our earnings were $99 million or $1.64 per share on revenues of $3.0 billion versus 2011 earnings of $118 million or $1.97 per share on revenues of $2.7 billion.

Brian R. Hedges, President and CEO, said: "2012 was an exciting year as we made three acquisitions, highlighted by the purchase of Apex Distribution. Through these acquisitions we believe that we have strengthened the Company's ability to generate earnings over the cycle and we are well positioned to reap the benefits in 2013 and beyond. During the fourth quarter we experienced a weakness in demand in all segments; however, our metals service centers outperformed the industry shipment volumes reported by the Metals Service Center Institute. The stabilization of gross margins in the fourth quarter and the recent upward price movement by the mills should lead to higher margins in 2013. We look forward to the expected materialization of a full year's benefits relating to the acquisitions we made in 2012."

The Board of Directors approved a quarterly dividend of $0.35 per common share payable March 15, 2013 to shareholders of record as of February 28, 2013.

The Company will be holding an Investor Conference Call on Wednesday February 13, 2013 at 10:00 a.m. ET to review its fourth quarter and annual results for 2012. The dial-in telephone numbers for the call are 416-340-2216 (Toronto and International callers) and 1-866-226-1792 (U.S. and Canada). Please dial in 10 minutes prior to the call to ensure that you get a line.

A replay of the call will be available at 905-694-9451 (Toronto and International callers) and 1-800-408-3053 (U.S. and Canada) until midnight, Wednesday February 27, 2013. You will be required to enter pass code 7908038 in order to access the call.

Additional supplemental financial information is available in our investor conference call package located on our website at www.russelmetals.com.

Russel Metals is one of the largest metals distribution companies in North America. It carries on business in three metals distribution segments: metals service centers, energy products and steel distributors, under various names including Russel Metals, A.J. Forsyth, Acier Leroux, Acier Loubier, Acier Richler, Alberta Industrial Metals, Apex Distribution, Apex Remington, Arrow Steel Processors, B&T Steel, Baldwin International, Comco Pipe and Supply, Fedmet Tubulars, JMS Russel Metals, Leroux Steel, McCabe Steel, Megantic Metal, Metaux Russel, Metaux Russel Produits Specialises, Milspec, Norton Metals, Pioneer Pipe, Russel Metals Specialty Products, Russel Metals Williams Bahcall, Siemens Laserworks, Spartan Energy Tubulars, Sunbelt Group, Triumph Tubular & Supply, Wirth Steel and York-Ennis.

Statements contained in this press release or on the related conference call that relate to Russel Metals' beliefs or expectations as to certain future events are not statements of historical fact and are forward-looking statements. Russel Metals cautions readers that there are important factors, risks and uncertainties, including but not limited to economic, competitive and governmental factors affecting Russel Metals' operations, markets, products, services and prices that could cause its actual results, performance or achievements to be materially different from those forecasted or anticipated in such forward-looking statements.

The forward-looking statements in this document reflect management's current beliefs and are based on information currently available to management. The material assumptions applied in making the forward-looking statements in this document include the following: demand from the manufacturing, resource and construction segments of the Canadian economy are stable and these conditions will continue in the foreseeable future; and oil and gas prices, the price of steel and the value of the Canadian dollar relative to the U.S. dollar will be at similar levels with what we experienced at the end of 2012. Although the forward-looking statements contained in this document are based upon what management believes to be reasonable estimates and assumptions, Russel Metals cannot ensure that actual results will not be materially different from those expressed or implied by these forward-looking statements and does not intend to update any forward-looking statement other than required by law.


CONSOLIDATED STATEMENTS OF EARNINGS                                         
                                                                            
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                         Quarters ended         Years ended 
                                            December 31         December 31 
(in millions of Canadian dollars,        2012      2011      2012      2011 
 except per share data)                                                     
----------------------------------------------------------------------------
Revenues                            $   765.9 $   711.6 $ 3,000.1 $ 2,693.3 
Cost of materials                       640.1     585.8   2,476.8   2,168.0 
Employee expenses                        55.6      49.7     215.3     202.3 
Other operating expenses                 33.8      29.8     131.8     125.5 
----------------------------------------------------------------------------
                                                                            
Earnings before interest, finance                                           
 and income taxes                        36.4      46.3     176.2     197.5 
Interest expense                          9.1       6.8      34.2      27.5 
Interest income                          (0.2)     (0.5)     (1.7)     (2.0)
Other finance expense                     0.8       0.9       5.6       2.6 
----------------------------------------------------------------------------
                                                                            
Earnings before income taxes             26.7      39.1     138.1     169.4 
Provision for income taxes                6.3      10.6      39.3      51.1 
----------------------------------------------------------------------------
                                                                            
Net earnings for the period         $    20.4 $    28.5 $    98.8 $   118.3 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
Basic earnings per common share     $    0.34 $    0.47 $    1.64 $    1.97 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
Diluted earnings per common share   $    0.34 $    0.46 $    1.64 $    1.92 
----------------------------------------------------------------------------
----------------------------------------------------------------------------


CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME                             
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
                                         Quarters ended         Years ended 
                                            December 31         December 31 
(in millions of Canadian dollars)        2012      2011      2012      2011 
----------------------------------------------------------------------------
Net earnings for the period         $    20.4 $    28.5 $    98.8 $   118.3 
----------------------------------------------------------------------------
                                                                            
Other comprehensive income (loss)                                           
 net of tax                                                                 
Unrealized foreign exchange (losses)                                        
 gains on translation of foreign                                            
 operations                               4.1      (7.8)     (8.5)      9.1 
Unrealized (losses) gains on items                                          
 designated as net investment hedges        -       2.6      (0.9)     (2.5)
Losses on derivatives designated as                                         
 cash flow hedges transferred to net                                        
 earnings during the year                   -       0.3       2.3       1.1 
Actuarial (losses) gains on pension                                         
 and similar obligations                  3.1     (13.8)     (6.0)    (13.8)
----------------------------------------------------------------------------
                                                                            
Other comprehensive income (loss)         7.2     (18.7)    (13.1)     (6.1)
----------------------------------------------------------------------------
                                                                            
Total comprehensive income          $    27.6 $     9.8 $    85.7 $   112.2 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION                               
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
                                                December 31     December 31 
(in millions of Canadian dollars)                      2012            2011 
----------------------------------------------------------------------------
                                                                            
ASSETS                                                                      
Current                                                                     
  Cash and cash equivalents                 $         115.1 $         270.7 
  Accounts receivable                                 456.2           382.4 
  Inventories                                         764.0           645.6 
  Prepaid expenses                                      7.1             4.6 
  Income taxes receivable                               7.7             0.5 
----------------------------------------------------------------------------
                                                                            
                                                    1,350.1         1,303.8 
                                                                            
Property, Plant and Equipment                         241.8           201.3 
Deferred Income Tax Assets                              4.6             5.3 
Other Assets                                            6.5             3.3 
Goodwill and Intangibles                              192.1            24.7 
----------------------------------------------------------------------------
                                                                            
                                            $       1,795.1 $       1,538.4 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
LIABILITIES AND SHAREHOLDERS' EQUITY                                        
Current                                                                     
  Bank indebtedness                         $          14.3 $             - 
  Accounts payable and accrued liabilities            396.5           362.8 
  Income taxes payable                                    -            17.4 
  Current portion long-term debt                        2.2             1.3 
----------------------------------------------------------------------------
                                                                            
                                                      413.0           381.5 
                                                                            
Long-Term Debt                                        453.6           296.5 
Pensions and Benefits                                  38.7            33.3 
Deferred Income Tax Liabilities                        20.5             0.4 
Provisions and Other Non-Current Liabilities           39.9             7.3 
----------------------------------------------------------------------------
                                                                            
                                                      965.7           719.0 
----------------------------------------------------------------------------
                                                                            
Shareholders' Equity                                                        
  Common shares                                       487.9           485.4 
  Retained earnings                                   324.3           306.7 
  Contributed surplus                                  17.3            15.7 
  Accumulated other comprehensive loss                (30.2)          (17.1)
  Equity component of convertible debenture            28.7            28.7 
----------------------------------------------------------------------------
                                                                            
Total Shareholders' Equity Attributable to                                  
 Equity Holders                                       828.0           819.4 
  Non-controlling interest                              1.4               - 
----------------------------------------------------------------------------
                                                                            
Total Shareholders' Equity                            829.4           819.4 
----------------------------------------------------------------------------
                                                                            
Total Liabilities and Shareholders' Equity  $       1,795.1 $       1,538.4 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
                                                                            
CONSOLIDATED STATEMENTS OF CASHFLOW                                         
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
                                           Quarters ended       Years ended 
                                              December 31       December 31 
(in millions of Canadian dollars)           2012     2011     2012     2011 
----------------------------------------------------------------------------
                                                                            
Operating activities                                                        
  Net earnings for the period           $   20.4 $   28.5 $   98.8 $  118.3 
  Depreciation and amortization              7.4      5.8     25.5     23.5 
  Deferred income taxes                      0.3     (0.3)     1.3     (0.2)
  (Gain) loss on sale of property, plant                                    
   and equipment                            (1.2)     0.1     (1.2)     0.1 
Stock-based compensation                     0.6      0.5      2.1      2.1 
Difference between pension expense and                                      
 amount funded                              (1.4)    (1.3)    (3.1)    (2.6)
Debt accretion, amortization and other       1.7      1.5      9.7      6.4 
----------------------------------------------------------------------------
                                                                            
Cash from operating activities before                                       
 non-cash working capital                   27.8     34.8    133.1    147.6 
----------------------------------------------------------------------------
                                                                            
Changes in non-cash working capital                                         
 items                                                                      
  Accounts receivable                       46.8     11.7     25.4    (78.6)
  Inventories                               48.4      2.0    (28.5)   (97.5)
  Accounts payable and accrued                                              
   liabilities                             (17.4)    23.5    (34.3)    79.0 
  Income taxes receivable/ payable           0.1      3.4    (19.6)     7.2 
  Other                                     (0.6)    (0.6)    (0.1)    (1.5)
----------------------------------------------------------------------------
                                                                            
Change in non-cash working capital          77.3     40.0    (57.1)   (91.4)
----------------------------------------------------------------------------
                                                                            
Cash from operating activities             105.1     74.8     76.0     56.2 
----------------------------------------------------------------------------
                                                                            
Financing activities                                                        
  Increase in bank borrowings               14.6        -     14.6        - 
  Issue of common shares                     0.6      0.1      2.0      1.4 
  Dividends on common shares               (21.1)   (18.1)   (81.2)   (69.1)
  Issuance of long-term debt                   -        -    300.0        - 
  Repayment of long-term debt               (0.3)    (3.4)  (142.4)   (29.3)
  Deferred financing                           -     (0.1)    (7.0)    (0.6)
----------------------------------------------------------------------------
                                                                            
Cash from (used in) financing activities    (6.2)   (21.5)    86.0    (97.6)
----------------------------------------------------------------------------
                                                                            
Investing activities                                                        
  Purchase of property, plant and                                           
   equipment                                (7.3)    (5.2)   (33.7)   (18.1)
  Proceeds on sale of property, plant                                       
   and equipment                             1.8      0.1      1.8      0.8 
  Purchase of business                    (226.4)       -   (281.3)       - 
----------------------------------------------------------------------------
                                                                            
Cash used in investing activities         (231.9)    (5.1)  (313.2)   (17.3)
----------------------------------------------------------------------------
                                                                            
Effect of exchange rates on cash and                                        
 cash equivalents                            1.0     (1.4)    (4.4)     5.7 
----------------------------------------------------------------------------
                                                                            
Increase (Decrease) in cash and cash                                        
 equivalents                              (132.0)    46.8   (155.6)   (53.0)
Cash and cash equivalents, beginning of                                     
 the period                                247.1    223.9    270.7    323.7 
----------------------------------------------------------------------------
                                                                            
Cash and cash equivalents, end of the                                       
 year                                   $  115.1 $  270.7 $  115.1 $  270.7 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
                                                                            
Supplemental cash flow information:                                         
Income taxes paid                       $    5.6 $    7.9 $   60.0 $   45.8 
Interest paid (net)                     $   16.1 $    0.5 $   31.2 $   25.5 
                                                                            
                                                                            
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY                                
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
(in millions of Canadian   Common   Retained    Contributed     Accumulated 
 dollars)                  Shares   Earnings        Surplus           Other 
                                                              Comprehensive 
                                                                       Loss 
----------------------------------------------------------------------------
                                                                            
Balance, January 1, 2012 $  485.4 $    306.7  $        15.7 $         (17.1)
Acquired during the year        -          -              -               - 
Payment of dividends            -      (81.2)             -               - 
Net earnings for the                                                        
 year                           -       98.8              -               - 
Other comprehensive loss                                                    
 for the year                   -          -              -           (13.1)
Recognition of stock-                                                       
 based compensation             -          -            1.6               - 
Stock options exercised       2.5          -              -               - 
----------------------------------------------------------------------------
                                                                            
Balance, December 31,                                                       
 2012                    $  487.9 $    324.3  $        17.3 $         (30.2)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
                                                                            
Balance, January 1, 2011 $  483.7 $    257.5  $        13.9 $         (11.0)
Payment of dividends            -      (69.1)             -               - 
Net earnings for the                                                        
 year                           -      118.3              -               - 
Other comprehensive loss                                                    
 for the year                   -          -              -            (6.1)
Recognition of stock-                                                       
 based compensation             -          -            1.8               - 
Stock options exercised       1.7          -              -               - 
----------------------------------------------------------------------------
                                                                            
Balance, December 31,                                                       
 2011                    $  485.4 $    306.7  $        15.7 $         (17.1)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY                      
------------------------------------------------------------------
------------------------------------------------------------------
                                                                  
(in millions of Canadian         Equity Non Controlling     Total 
 dollars)                  Component of        Interest           
                            Convertible                           
                             Debentures                           
------------------------------------------------------------------
                                                                  
Balance, January 1, 2012$          28.7 $             - $   819.4 
Acquired during the year              -             1.4       1.4 
Payment of dividends                  -               -     (81.2)
Net earnings for the                                              
 year                                 -               -      98.8 
Other comprehensive loss                                          
 for the year                         -               -     (13.1)
Recognition of stock-                                             
 based compensation                   -               -       1.6 
Stock options exercised               -               -       2.5 
------------------------------------------------------------------
                                                                  
Balance, December 31,                                             
 2012                   $          28.7 $           1.4 $   829.4 
------------------------------------------------------------------
------------------------------------------------------------------
                                                                  
                                                                  
Balance, January 1, 2011$          28.7 $             - $   772.8 
Payment of dividends                  -               -     (69.1)
Net earnings for the                                              
 year                                 -               -     118.3 
Other comprehensive loss                                          
 for the year                         -               -      (6.1)
Recognition of stock-                                             
 based compensation                   -               -       1.8 
Stock options exercised               -               -       1.7 
------------------------------------------------------------------
                                                                  
Balance, December 31,                                             
 2011                   $          28.7 $             - $   819.4 
------------------------------------------------------------------
------------------------------------------------------------------

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
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service. Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Digital transformation is too big and important for our future success to not understand the rules that apply to it. The first three rules for winning in this age of hyper-digital transformation are: Advantages in speed, analytics and operational tempos must be captured by implementing an optimized information logistics system (OILS) Real-time operational tempos (IT, people and business processes) must be achieved Businesses that can "analyze data and act and with speed" will dominate those t...
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
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.
WebRTC adoption has generated a wave of creative uses of communications and collaboration through websites, sales apps, customer care and business applications. As WebRTC has become more mainstream it has evolved to use cases beyond the original peer-to-peer case, which has led to a repeating requirement for interoperability with existing infrastructures. In his session at @ThingsExpo, Graham Holt, Executive Vice President of Daitan Group, will cover implementation examples that have enabled ea...