Are you the publisher? Claim or contact us about this channel


Embed this content in your HTML

Search

Report adult content:

click to rate:

Account: (login)

More Channels


Channel Catalog


Channel Description:

Visit One News Page for Europe news from around the world, aggregated from leading sources including newswires, newspapers and broadcast media. Search millions of archived news headlines. This feed provides the Europe news headlines.

older | 1 | .... | 1276 | 1277 | (Page 1278) | 1279 | 1280 | .... | 1581 | newer

    0 0

    He had success in Europe with Bath and was a member of the Exeter Chiefs side that won their way into the English Premiership for the first time in 2010 and now Kowloon coach James Scaysbrook is chasing glory of a different kind. The 36-year-old took Kowloon to the grand championship final in the Old Mutual International Men’s Premiership last season and is hoping to go one better this time around. It will be no easy task, with his side facing league champions the Borrelli Walsh USRC... Reported by S.China Morning Post 1 hour ago.

    0 0

    A new series of reports from iData Research say the adoption of 4K-capable devices in the operating room has stimulated significant growth in the integrated operating room market in the United States.

    VANCOUVER, British Columbia (PRWEB) March 02, 2018

    According to a new series of reports by iData Research (http://www.idataresearch.com), the total U.S. market for video and integrated operating room (OR) equipment was valued at nearly $2.3 billion in 2017. A major driver of growth in the U.S. video and integrated OR equipment market is the rising trend towards higher-resolution technology. This trend is particularly prominent in the markets for 4K surgical displays and 4K camera systems which are experiencing high double-digit growth.

    “Technology in the medical field is expected to have the same functionality as in consumer households,” explains Kamran Zamanian, President and CEO of iData Research. “As a result, easier-to-use interfaces, increased image-smoothing capabilities, greater storage space and higher resolution recordings will continue to drive this market.”

    Since the introduction of 4K-capable devices in the market place, there have been considerable efforts to convert existing HD devices to newer 4K-capable ones. Hospitals are investing in this technology earlier than anticipated, in order to future-proof their operating rooms, which has resulted in unexpectedly high growth rates for 4K surgical displays and camera systems. In addition, the higher price point for 4K devices coupled with the conversion to these systems from the considerable number of HD installed devices will continue to drive growth over the coming years.

    Learn More About This New Market Analysis from iData Research

    While the majority of competitors in the integrated operating room market offer 4K surgical displays, only two companies, Olympus and Arthrex, offer 4K camera systems. Currently, Olympus is the third-leading competitor in the camera system market, but they are well-positioned to surpass their competitors, particularly those who might not adapt to this growing trend for 4K camera systems.

    The latest research by iData found Stryker to be the leader in the U.S. video and integrated OR equipment market, holding nearly one-quarter of the total market share. They were the first company to offer HD video technology and released the first HD surgical camera system well ahead of their competitors in 2004. The fact that the company has been able to retain its market dominance, despite having yet to release a 4K camera system, is a testament to its entrenched position within this market.

    Karl Storz is the second-leading competitor in the video and integrated OR equipment market. Karl Storz previously lost market share to Stryker due to its delayed introduction of HD products, which proved later to be a significant source of revenue. However, Karl Storz has recently introduced a variety of new and up-to-date products that have, in some cases, outcompeted Stryker. This has resulted in the company regaining some market share over the past several years.

    While Stryker and Karl Storz have historically held leading positions in this market, the fact that they have yet to release a 4K camera system has limited their opportunities for growth compared to their competitors. However, it is expected that both companies will release 4K camera systems of their own in the near future. Once these products enter the market, the conversion from HD to 4K devices by the two market leaders’ substantial client bases will be a major source of revenue for the camera system market.

    For Further Market Information
    More can be found in a series of reports published by iData Research entitled the U.S. Market Report Suite for Video and Integrated Operating Room Equipment 2018. The U.S. market for video and integrated operating room (OR) equipment includes integrated OR components, hybrid OR components and imaging systems, surgical camera systems, digital image capture and recording devices, surgical displays and PACS monitors, medical photo printers, surgical lighting, booms, tables, microscopes, and integrated OR management software.

    iData’s suite of reports on this subject cover the United States, 15 countries in Europe as well as Japan, China, and South Korea. These include a comprehensive analysis on units sold, market values, average selling prices, forecasts, as well as detailed competitive market shares and analysis of all major players.

    Email us at info(at)idataresearch(dot)net or register online for a U.S. Market Report Suite for Video and Integrated Operating Room Equipment 2018 brochure and synopsis.

    About iData Research
    iData Research (http://www.idataresearch.com) is an international consulting and market research firm, dedicated to providing the best in business intelligence for the medical device industry. Our research empowers our clients by providing them with the necessary tools to achieve their goals and do it right the first time. Reported by PRWeb 1 hour ago.

    0 0

    TORONTO, March 02, 2018 (GLOBE NEWSWIRE) -- Snipp Interactive Inc. ("Snipp" or the “Company”) (OTCQB:SNIPF) (TSX-V:SPN), a global provider of digital marketing promotions, rebates and loyalty solutions, is pleased to announce that due to additional investor interest, the Company has increased the size of the non-brokered private placement (the “Financing”), previously announced on February 28, 2018. The Financing will now be comprised of up to 25,000,000 common shares ("Shares") at a price of CAD $0.10 per Share, for gross proceeds of up to CAD $2.5 million.Closing of the Financing will occur in tranches. As previously announced on February 28, 2018, the first tranche of the Financing (the "First Tranche") closed and was comprised of 8.5 million shares at a price of CAD $0.10 per Share for gross proceeds of CAD$850,000.

    All Shares issued pursuant to the Financing will be subject to a four-month hold period under applicable securities laws in Canada, as well as the policies of the TSX-V, where applicable. Finder's fees may be payable to certain finders in connection with the Financing, subject to the approval of the TSX-V.

    The net proceeds raised through the Financing will be used for sales & marketing and general working capital purposes.

    The Company is also pleased to announce the full repayment of the Silicon Valley Bank (SVB) credit facility and the expiry of 6,188,688 vendor warrants that expired March 1^st. The company now has no debt on its books.

    *About Snipp:*

    Snipp is a global loyalty and promotions company with a singular focus: to develop disruptive engagement platforms that generate insights and drive sales. Our solutions include shopper marketing promotions, loyalty, rewards, rebates and data analytics, all of which are seamlessly integrated to provide a one-stop marketing technology platform. We also provide the services and expertise to design, execute and promote client programs. SnippCheck, our receipt processing engine, is the market leader for receipt-based purchase validation; SnippLoyalty is the only unified loyalty solution in the market for CPG brands. Snipp has powered hundreds of programs for Fortune 1000 brands and world-class agencies and partners.

    Snipp is headquartered in Toronto, Canada with offices across the United States, Canada, Ireland, Europe, and India. The company is publicly listed on the OTCQB, of the OTC market in the United States of America, and on the Toronto Stock Venture Exchange (TSX) in Canada. Snipp was selected to the TSX Venture 50®, an annual ranking of the strongest performing companies on the TSX Venture Exchange, in 2015 and 2016. SNIPP IS RANKED AMONGST THE TOP 500 FASTEST GROWING COMPANIES IN NORTH AMERICA On Deloitte’s 2017 Technology Fast 500™ List, for the second year in a row.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    MKR Group, Inc.
    Todd Kehrli / Mark Forney
    snipp@mkr-group.com 

    Snipp Interactive Inc.
    Jaisun Garcha
    Chief Financial Officer
    investors@snipp.com

    *Cautionary Note Regarding Forward-Looking Statements*

    This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as changes in demand for and prices for the products of the company or the materials required to produce those products, labour relations problems, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. The reader is cautioned not to put undue reliance on such forward-looking statements.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Copyright Snipp Interactive Inc. All rights reserved. All other trademarks and trade names are the property of their respective owners. Reported by GlobeNewswire 1 hour ago.

    0 0

    MIDDLETOWN, R.I., March 02, 2018 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq:KVHI) reported financial results for the fourth quarter and fiscal year ended December 31, 2017 today. The company will hold a conference call to discuss these results at 10:30 a.m. ET today, which can be accessed at investors.kvh.com. Following the call, a replay of the webcast will be available through the company’s website.*Fourth Quarter 2017 Highlights*

    · Total unit shipments of VSAT products, including AgilePlans products, increased 16% for the quarter.· AgilePlans, our new Connectivity as a Service Program for the commercial maritime sector, increased to 65% of total commercial VSAT shipments, and unit shipments more than doubled compared to the 2017 third quarter.· Overall revenue declined 11% in our fourth quarter of 2017 to $39.0 million from $43.9 million in the fourth quarter of 2016, driven in part by the continuing shift in our business model from hardware sales to a recurring revenue model.· Strong sales of inertial measurement unit (IMU) products drove fiber optic gyro (FOG) product revenue higher by 18% compared to the fourth quarter of 2016, the fourth consecutive double-digit growth quarter.· mini-VSAT Broadband airtime revenue grew $0.5 million, or 3%, compared to the fourth quarter of 2016.· Net loss in the fourth quarter of 2017 was $1.7 million, or $0.10 per share, compared to a net loss of $6.8 million, or $0.43 per share in the fourth quarter of 2016.· Non-GAAP net income in the fourth quarter of 2017 was $2.0 million, or $0.12 per share, compared to $2.2 million, or $0.13 per share in the fourth quarter of 2016.· Non-GAAP adjusted EBITDA in the fourth quarter of 2017 was $3.8 million, compared to $4.3 million in the fourth quarter of 2016.· We continued to make progress in our photonic chip development which has now been successfully built into a working gyro prototype.

    Commenting on the quarter, Martin Kits van Heyningen, KVH’s Chief Executive Officer, said “KVH's business model transformation growth continued in the fourth quarter, in line with our expectations, and our momentum is continuing as we enter into 2018. As we continue to move the business from hardware to service revenue, we are particularly pleased with the increasing success of our AgilePlans, Connectivity as a Service Program, as we received more new orders in the fourth quarter than in the previous two quarters combined. The positive trend for AgilePlans has continued into the first quarter of 2018. Our airtime revenue also continued to grow, and we believe the recent launch of our new global HTS network will help to continue that trend. Likewise, our FOG business sustained the robust growth we have been seeing throughout 2017, reporting double digit growth for the fourth consecutive quarter. In addition, we continue to make excellent progress toward the development of a photonic chip-based FOG, which could open new opportunities in the quickly evolving self-driving automotive market. Overall, 2017 was a transformative year for KVH and we are happy with the progress we have made with all of our strategic initiatives.”

    The company operates in two segments, mobile connectivity and inertial navigation. In the fourth quarter of 2017, unit shipments for our mobile connectivity segment increased significantly, while net sales decreased $1.7 million, or 5%, as compared to the fourth quarter of 2016. The decrease was partly attributed to the launch of our AgilePlans program, since revenues under this program are not recognized initially but instead are recognized over time. Net sales for inertial navigation products decreased $3.2 million, or 29%, compared to the fourth quarter of 2016. The decrease was driven primarily by lower TACNAV orders.

    *Financial Highlights* (in millions, except per share data)

        *Quarter Ended*
    *December 31,*   *Year Ended*
    *December 31,*
        *2017*   *2016*   *2017*   *2016*
    *GAAP Results*                
    Revenue   $ 39.0     $ 43.9     $ 160.1     $ 176.1  
    Net loss   $ (1.7 )   $ (6.8 )   $ (11.0 )   $ (7.5 )
    Net loss per diluted share   $ (0.10 )   $ (0.43 )   $ (0.67 )   $ (0.47 )
                     
    *Non-GAAP Results*                
    Net income   $ 2.0     $ 2.2     $ 1.4     $ 7.0  
    Net income per diluted share   $ 0.12     $ 0.13     $ 0.09     $ 0.44  
    Adjusted EBITDA   $ 3.8     $ 4.3     $ 6.7     $ 15.5  

    For more information regarding our non-GAAP financial measures, see the tables at the end of this release.

    *Fourth Quarter Financial Summary*

    Revenue was $39.0 million for the fourth quarter of 2017, a decrease of 11% compared to $43.9 million in the fourth quarter of 2016.

    Product revenues for the fourth quarter of 2017 were $13.7 million, 26% lower than the prior year quarter, due to a $2.1 million decrease in mobile connectivity product sales and a $2.8 million decrease in our inertial navigation product sales. Mobile connectivity product sales decreased primarily due to a $1.6 million decrease in marine product sales and a $0.5 million decrease in land product sales. The decrease in marine product sales was due to the timing of a particularly large order received in the prior year quarter, as well as the impact of the new AgilePlans subscription service. Inertial navigation product sales decreased due to a $3.8 million decrease in TACNAV sales, due to a large order that was shipped in the prior year quarter. This was partially offset by a $0.9 million increase in FOG product sales.

    Service revenues for the fourth quarter of 2017 were $25.3 million, an increase of less than 1% compared to the fourth quarter of 2016 due to a change in service mix. Airtime service revenues, which include mini-VSAT Broadband airtime revenues, increased 3%. Content and training revenues, which include our entertainment, eLearning, and safety content, decreased by 4%, primarily due to a decrease in fleet subscribers. Our engineering service revenues in the fourth quarter of 2017 decreased by $0.3 million compared to the fourth quarter of 2016.

    Our operating expenses for the fourth quarter of 2017 decreased $0.3 million year over year to $19.1 million compared to $19.4 million in the fourth quarter of 2016. The key drivers were a decrease in variable compensation of $1.5 million, a decrease in consulting fees of $0.6 million, and a decrease in unfunded engineering expenses of $0.3 million, partially offset by an increase in employee termination and other non-recurring costs of $1.2 million. As these costs are discrete and non-recurring, they have been excluded from our calculation of adjusted EBITDA above.

    *Full Year Financial Summary*

    For the year ended December 31, 2017, revenue was $160.1 million, a decrease of 9% compared to $176.1 million for the year ended December 31, 2016. Weakness in the British Pound negatively impacted revenue in 2017 by $1.4 million, or 1%. Product revenues for the year ended December 31, 2017 of $57.0 million were 22% lower than the prior year, driven primarily by a 21% decrease in mobile connectivity product revenues and a 23% decrease in our inertial navigation product revenues year-over-year.

    Service revenues for the year ended December 31, 2017 were $103.1 million, approximately the same as the year ended December 31, 2016. Our mini-VSAT Broadband airtime revenue increased 4%. Engineering service revenue increased 86% principally due to a new project that began in January 2017 and was completed in the third quarter of 2017. Content and training revenues decreased by 9%, however on a constant-currency basis, revenue in those product lines decreased by 5%. British Pound weakness negatively impacted content and training revenues by $1.4 million, or 4% year over year.

    We reported a GAAP net loss of $11.0 million for the year ended December 31, 2017, or $0.67 per share. During 2016, the company recorded a GAAP net loss of $7.5 million, or $0.47 per share. The net loss in 2017 includes $5.8 million of non-cash discrete tax reserves compared to $6.8 million in 2016. We generated non-GAAP net income of $1.4 million, or $0.09 per diluted share, compared to non-GAAP net income of $7.0 million, or $0.44 per diluted share reported for the prior year. Non-GAAP adjusted EBITDA was $6.7 million for the year ended December 31, 2017, compared to $15.5 million in the prior year.

    *First Quarter 2018 and Full Year 2018 Outlook*

    Our guidance for the first quarter and full year of 2018 is below. This guidance reflects the new revenue recognition standard, ASC 606, Revenue from Contracts with Customers, which all US public companies were required to adopt on January 1, 2018. 2017 was an investment year as we began to transform our business model, and we expect 2018 to return to growth with full year non-GAAP adjusted EBITDA expected to double from last year. Our growth expectations are driven by our continued success in the key strategic priorities that we outlined last year. Our AgilePlans program continues to gain traction in the commercial marine market, and the popularity of our new HTS network is growing. We will also continue to invest in the development of our new photonic chip-based FOG, as well as our portfolio of TACNAV products intended for use in military applications, specifically the US military’s Assured Positioning, Navigation and Timing (A-PNT) program. It should be noted that this guidance does not include any revenue from the international pipeline of large orders that we have been anticipating:

     (in millions, except per share data)   *First Quarter*   *Full Year*
        *From*   *To*   *From*   *To*
    Revenue   $ 39.0     $ 41.0     $ 166.0     $ 180.0  
    GAAP EPS   $ (0.25 )   $ (0.19 )   $ (0.44 )   $ (0.21 )
    Non-GAAP EPS   $ (0.07 )   $ (0.03 )   $ 0.12     $ 0.28  
    Non-GAAP Adjusted EBITDA   $ 0.5     $ 1.5     $ 12.0     $ 16.0  ASC 606 requires that certain revenues that had been recognized in prior periods be reversed as of January 1, 2018 and be recognized over time as performance obligations are met, and, likewise, that certain currently generated revenues that would have been recognized under previous accounting guidance instead be deferred and recognized over time as performance obligations are met. We expect the net impact of this change in accounting guidance, which is reflected in the above tables, will be as follows:

     (in millions, except per share data)   *First Quarter*   *Full Year*
    Revenue   $ (0.5 )   $ (4.0 )
    GAAP EPS   $ 0.00     $ (0.06 )
    Non-GAAP EPS   $ 0.00     $ (0.04 )
    Non-GAAP Adjusted EBITDA   $ (0.1 )   $ (1.0 )

    *Other Recent Announcements*

    · SKY Perfect JSAT Agreed to Invest $4.5 Million in KVH as Part of Strategic Collaboration in Maritime Satellite Connectivity
    · Global Ship Manager E.R. Schiffahrt Chooses KVH HTS Systems and AgilePlans for Vessel Connectivity
    · KVH Announces $8.3 Million in New Orders for Fiber Optic Gyro (FOG) Products and Services
    · KVH Industries Announces Appointment of Chief Marketing Officer and Senior Vice President for Strategy, Elizabeth Jackson
    · SKY Perfect JSAT and KVH to Deliver Maritime Broadband Services

    Please review the corresponding press releases for more details regarding these developments.

    *Conference Call Details*

    KVH Industries will host a conference call today at 10:30 a.m. ET through the company’s website. The conference call can be accessed at investors.kvh.com and listeners are welcome to submit questions pertaining to the earnings release and conference call to ir@kvh.com. The audio archive will also be available on the company website within three hours of the completion of the call.

    *Non-GAAP Financial Measures*

    This release provides non-GAAP financial information, including constant-currency revenue, non-GAAP net income, non-GAAP diluted EPS, and non-GAAP adjusted EBITDA, as a supplement to our condensed consolidated financial statements, which are prepared in accordance with generally accepted accounting principles (“GAAP”). Management uses these non-GAAP financial measures internally in analyzing financial results to assess operational performance. Constant-currency revenue is calculated on the basis of local currency results, using foreign currency exchange rates applicable to the earlier comparative period, and management believes that presenting information on a constant-currency basis helps management and investors to isolate the impact of changes in those rates from other factors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared in accordance with GAAP. The non-GAAP financial measures used in this press release adjust for specified items that can be highly variable or difficult to predict. Management generally uses these non-GAAP financial measures to facilitate financial and operational decision-making, including evaluation of our historical operating results, comparison to competitors’ operating results, and determination of management incentive compensation. These non-GAAP financial measures reflect an additional way of viewing aspects of our operations that, when viewed with GAAP results and the reconciliations to corresponding GAAP financial measures, may provide a more complete understanding of factors and trends affecting our business.

    Some limitations of non-GAAP net income (loss), non-GAAP diluted EPS, and non-GAAP adjusted EBITDA, include the following:

    · Non-GAAP net income (loss) and diluted EPS exclude amortization of intangibles, stock-based compensation, certain discrete tax items, acquisition-related compensation, employee termination and other non-recurring costs, and other discrete charges.· Non-GAAP adjusted EBITDA represents net income (loss) before interest income, interest expense, income taxes, depreciation, amortization, stock-based compensation, acquisition-related compensation, employee termination and other non-recurring costs, and other discrete charges.

    Other companies, including companies in KVH’s industry, may calculate these non-GAAP financial measures differently or not at all, which will reduce their usefulness as a comparative measure.

    *Future Non-GAAP Adjustments*

    Future GAAP diluted EPS may be affected by changes in ongoing assumptions and judgments, and may also be affected by non-recurring, unusual or unanticipated charges, expenses or gains, which are excluded in the calculation of our non-GAAP diluted EPS guidance as described in this press release.

    Because non-GAAP financial measures exclude the effect of items that will increase or decrease our reported results of operations, management strongly encourages investors to review our consolidated financial statements and publicly filed reports in their entirety. Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the tables accompanying this release.

    *About KVH Industries, Inc.*

    KVH Industries is a leading provider of innovative systems and solutions for the mobile connectivity and inertial navigation markets. The company has designed, manufactured, and sold more than 200,000 mobile satellite antennas for applications on vessels and vehicles, and is a leading provider of news, entertainment, and eLearning content for the maritime industry. KVH is also a premier manufacturer of high-performance sensors and integrated inertial systems for defense and commercial applications, having sold more than 20,000 TACNAV^® systems and more than 100,000 fiber optic gyros. KVH is based in Middletown, RI, with research, development, and manufacturing operations in Middletown, RI, and Tinley Park, IL. The company’s global presence includes offices in Brazil, Cyprus, Denmark, Hong Kong, India, Japan, Norway, the Philippines, Singapore, and the United Kingdom.

     __________________________________________________________________________________________________________________________________________________________________________
    This press release contains forward-looking statements that involve risks and uncertainties. For example, forward-looking statements include statements regarding our financial goals for future periods, the success of our new initiatives, our investment plan, our development goals, our anticipated revenue and earnings and the impact of our future initiatives on revenue, competitive positioning, profitability, and product orders. Actual results could differ materially from the forward-looking statements made in this press release. Factors that might cause these differences include, but are not limited to: the uncertain duration of the adverse impact on our overall revenues of our new AgilePlans, under which we recognize no revenues for product sales, either at the time of shipment or over the contract term; increased costs arising from the new HTS network; the impact of recent changes in revenue recognition and lease accounting standards; the uncertain impact of tax reform and federal budget deficits; unanticipated obstacles in our photonic chip and other product development efforts; delays in the receipt of anticipated orders for our products and services, including significant orders for TACNAV products, or the potential failure of such orders to occur at all; continued adverse impacts of currency fluctuations, particularly the British Pound; risks associated with the impact of Brexit on sales and operations in the U.K. and Europe and on the overall global economy; our ability to successfully implement our new initiatives without unanticipated additional expenses; potential reduced sales to companies in or dependent upon the turbulent oil and gas industry; continued substantial fluctuations in military sales, including to foreign customers; the unpredictability of defense budget priorities as well as the order timing, purchasing schedules, and priorities for defense products, including possible order cancellations; the uncertain impact of potential budget cuts by government customers; the impact of extended economic weakness on the sale and use of marine vessels and recreational vehicles; the potential inability to increase or maintain our market share in the market for airtime services; the need to increase sales of the TracPhone V-IP and HTS series products and related services to maintain and improve airtime gross margins; the need for, or delays in, qualification of products to customer or regulatory standards; potential declines or changes in customer demand, due to economic, weather-related, seasonal, and other factors, particularly with respect to the TracPhone V-IP and HTS series, including with respect to new pricing models; recent increases in airtime termination rates and lower unit sales in our mobile business; increased price and service competition in the mobile connectivity market; potential increased expenses associated with investments in new technology; exposure for potential intellectual property infringement; potential additional litigation expenses; fluctuations in interest rates; potential changes in tax and accounting requirements or assessments, including management’s assessment of the probability and effect of future events; stock price volatility; and export restrictions, delays in procuring export licenses, and other international risks. These and other factors are discussed in more detail in our Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2017. Copies are available through our Investor Relations department and website, http://investors.kvh.com. We do not assume any obligation to update our forward-looking statements to reflect new information and developments.

    KVH Industries, Inc. has used, registered, or applied to register its trademarks in the USA and other countries around the world, including but not limited to the following marks: KVH, TracVision, TracPhone, CommBox, TACNAV, IP-MobileCast, Videotel, mini-VSAT Broadband, NEWSlink, KVH OneCare, and AgilePlans by KVH. Other trademarks are the property of their respective companies.

    *KVH INDUSTRIES, INC. AND SUBSIDIARIES*
    *CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS*
    *(in thousands, except per share amounts, unaudited)*
             
        *Three Months Ended*
    *December 31,*   *Year Ended*
    *December 31,*
        *2017*   *2016*   *2017*   *2016*
    *Sales:*                
    Product   $ 13,613     $ 18,611     $ 56,968     $ 73,075  
    Service   25,365     25,319     103,120     103,047  
    *    Net sales*   *38,978*     *43,930*     *160,088*     *176,122*  
    *Costs and expenses:*                
    Costs of product sales   8,062     11,674     37,474     46,334  
    Costs of service sales   12,956     13,140     52,692     52,966  
    Research and development   4,160     4,270     15,858     16,030  
    Sales, marketing and support   8,798     8,072     33,896     33,942  
    General and administrative   6,127     7,042     28,932     28,172  
    *    Total costs and expenses*   *40,103*     *44,198*     *168,852*     *177,444*  
    *    Loss from operations*   *(1,125* *)*   *(268* *)*   *(8,764* *)*   *(1,322* *)*
    Interest income   168     160     659     513  
    Interest expense   386     355     1,467     1,436  
    Other (expense) income, net   (45 )   264     (366 )   275  
    *    Loss before income tax expense*   *(1,388* *)*   *(199* *)*   *(9,938* *)*   *(1,970* *)*
    Income tax expense   297     6,584     1,096     5,547  
    *Net loss*   *$* *(1,685* *)*   *$* *(6,783* *)*   *$* *(11,034* *)*   *$* *(7,517* *)*
    *Net loss per common share:*                
    Basic and diluted   *$* *(0.10* *)*   *$* *(0.43* *)*   *$* *(0.67* *)*   *$* *(0.47* *)*
    *Weighted average number of common shares outstanding:*                
    Basic and diluted   *16,499*     *15,941*     *16,419*     *15,834*  

    *KVH INDUSTRIES, INC. AND SUBSIDIARIES*
    *CONDENSED CONSOLIDATED BALANCE SHEETS*
    *(in thousands, unaudited)*
     
        *December 31,*
    *2017*   *December 31,*
    *2016*
    *ASSETS*        
    Cash, cash equivalents and marketable securities   $ 42,915     $ 52,134  
    Accounts receivable, net   28,316     31,152  
    Inventories   22,732     20,745  
    Other current assets   3,816     4,801  
    *    Total current assets*   *97,779*     *108,832*  
    Property and equipment, net   43,521     36,586  
    Goodwill   33,872     31,343  
    Intangible assets, net   15,120     17,838  
    Other non-current assets   5,927     5,134  
    Non-current deferred income taxes   20     24  
    *    Total assets*   *$* *196,239*     *$* *199,757*  
    *LIABILITIES AND STOCKHOLDERS’ EQUITY*        
    Accounts payable and accrued expenses   $ 33,948     $ 25,082  
    Deferred revenue   6,919     6,661  
    Current portion of long-term debt   2,482     7,900  
    *    Total current liabilities*   *43,349*     *39,643*  
    Other long-term liabilities   19     326  
    Non-current deferred tax liability   2,634     3,133  
    Long-term debt, excluding current portion   44,572     50,153  
    Stockholders’ equity   105,665     106,502  
    *    Total liabilities and stockholders’ equity*   *$* *196,239*     *$* *199,757*  

    *KVH INDUSTRIES, INC. AND SUBSIDIARIES*
    *RECONCILIATION OF GAAP NET LOSS TO NON-GAAP NET INCOME*
    *(in thousands, except per share amounts, unaudited)*
     
        *Three Months Ended*
    *December 31,*   *Year Ended*
    *December 31,*  
        *2017*   *2016*   *2017*   *2016*  
    *Net loss - GAAP*   *$* *(1,685* *)*   *$* *(6,783* *)*   *$* *(11,034* *)*   *$* *(7,517* *)*  
    Amortization of intangibles   1,046     1,278     4,312     4,956    
    Stock-based compensation expense   897     859     3,518     3,651    
    Employee termination and other non-recurring costs   1,228     —     1,228     —    
    Tax effect on the foregoing   (849 )   (292 ) ^(a) (2,383 )   (1,241 ) ^(a)
    Discrete tax expense, net ^(b)   1,397     7,092     5,798     6,837    
    Acquisition-related compensation   —     —     —     358    
    *Net income - Non-GAAP*   *$* *2,034*     *$* *2,154*     *$* *1,439*     *$* *7,044*    
                       
    *Net income per common share - Non-GAAP:*                  
    Basic   *$* *0.12*     *$* *0.14*     *$* *0.09*     *$* *0.44*    
    Diluted   *$* *0.12*     *$* *0.13*     *$* *0.09*     *$* *0.44*    
                       
    *Weighted average number of common shares outstanding:*                  
    Basic   *16,499*     *15,941*     *16,419*     *15,834*    
    Diluted   *16,749*     *16,167*     *16,648*     *15,996*    
     
    1. In 2016, consistent with historical presentation, this does not include the tax effect of the amortization expense related to our intangible assets which were principally acquired in connection with our United Kingdom acquisition with such operations having a statutory tax rate of 20%.
     
    2. Represents a change in the valuation allowance on United States net operating losses, a state research and development tax credit, uncertain tax position adjustments, penalties, and the impact of the 2017 Tax Cuts and Jobs Act (the “Tax Act”) which was passed in December 2017.

    *
    *

    *KVH INDUSTRIES, INC. AND SUBSIDIARIES*
    *RECONCILIATION OF GAAP NET LOSS TO NON-GAAP*
    *EBITDA AND NON-GAAP ADJUSTED EBITDA*
    *(in thousands, unaudited)*
             
        *Three Months Ended*
    *December 31,*   *Year Ended*
    *December 31,*
        *2017*   *2016*   *2017*   *2016*
    *GAAP net loss*   *$* *(1,685* *)*   *$* *(6,783* *)*   *$* *(11,034* *)*   *$* *(7,517* *)*
    Income tax expense   297     6,584     1,096     5,547  
    Interest expense, net   218     195     808     923  
    Depreciation and amortization   2,815     3,474     11,037     12,564  
    *Non-GAAP EBITDA*   *1,645*     *3,470*     *1,907*     *11,517*  
    Stock-based compensation expense   897     859     3,518     3,651  
    Employee termination and other non-recurring costs   1,228     —     1,228     —  
    Acquisition-related compensation   —     —     —     358  
    *Non-GAAP adjusted EBITDA*   *$* *3,770*     *$* *4,329*     *$* *6,653*     *$* *15,526*  

    *
    *

    *KVH INDUSTRIES, INC. AND SUBSIDIARIES*
    *FOURTH QUARTER TO DATE AND YEAR TO DATE REVENUE AND OPERATING LOSS BY SEGMENT*
    *(in millions except for percentages, unaudited)*

    *Segment Net Sales*   *Three Months Ended*
    *December 31,*   *Year Ended*
    *December 31,*
        *2017*   *2016*   *2017*   *2016*
    *Mobile connectivity sales*                
    Product   $ 6.3     $ 8.4     $ 32.2     $ 40.9  
    Service   24.8     24.4     100.0     100.6  
    *Net sales*   $ 31.1     $ 32.8     $ 132.2     $ 141.5  
                     
    *Inertial navigation sales*                
    Product   $ 7.4     $ 10.2     $ 24.8     $ 32.2  
    Service   0.5     0.9     3.1     2.4  
    *Net sales*   $ 7.9     $ 11.1     $ 27.9     $ 34.6  

    *Operating Loss*   *Three Months Ended*
    *December 31,*   *Year Ended*
    *December 31,*
        *2017*   *2016*   *2017*   *2016*
    *Mobile connectivity*   $ 2.0     $ 1.8     $ 7.3     $ 10.0  
    *Inertial navigation*   (0.1 )   2.5     0.6     5.3  
        1.9     4.3     7.9     15.3  
    *Unallocated*   (3.0 )   (4.5 )   (16.6 )   (16.6 )
    *Loss from operations*   $ (1.1 )   $ (0.2 )   $ (8.7 )   $ (1.3 )

        *Three Months Ended*
    *December 31,*   *Year Ended*
    *December 31,*
        *2017*   *2016*   *2017*   *2016*
    *Mobile Connectivity Revenue Components*                
    Product Sales   16%   19%   20%   23%
    mini-VSAT Broadband Airtime   41%   36%   41%   37%
    Content and Training   20%   18%   20%   20%
    *Inertial Navigation Revenue Components*                
    FOG-based Products   14%   11%   13%   10%
    Tactical Navigation Products   4%   12%   3%   8%

    *KVH INDUSTRIES, INC. AND SUBSIDIARIES*
    *NON-GAAP EPS GUIDANCE*
    *(unaudited)*
     
        *First Quarter*
    *Fiscal 2018 (Projected)*   *Full Year*
    *Fiscal 2018 (Projected)*
    Net loss per common share   $(0.25) - $(0.19)   $(0.44) - $(0.21)
             
    Estimated amortization of intangibles ^(a)   $0.06    $0.23 
    Estimated stock-based compensation expense   $0.05    $0.22 
    Estimated tax effect   $(0.02)   $(0.09)
    Discrete tax adjustments ^(b)   $0.09 - $0.07   $0.20 - $0.13
             
    Non-GAAP net (loss) income per common share   $(0.07) - $(0.03)   $0.12 - $0.28
     
    1. Includes amortization of intangible assets resulting from acquisitions.
    2. Represents incremental forecasted valuation allowance that the company expects to record against additional deferred tax assets expected to be generated in 2018.

    *KVH INDUSTRIES, INC. AND SUBSIDIARIES
    *NON-GAAP ADJUSTED EBITDA GUIDANCE*
    *(in millions, unaudited)***
    *
        *First Quarter*
    *Fiscal 2018 (Projected)*   *Full Year*
    *Fiscal 2018 (Projected)*
    GAAP net loss   $(4.1) - $(3.1)   $(7.5)- $(3.5)
             
    Estimated income tax provision   $0.2   $0.9
    Estimated interest expense, net   $0.2   $0.9
    Estimated depreciation and amortization ^(a)   $3.3   $14.0
    Estimated stock-based compensation expense   $0.9   $3.7
             
    Non-GAAP adjusted EBITDA   $0.5 - $1.5
      $12.0 - $16.0
     
    1. Reflects amortization of intangible assets resulting from acquisitions and depreciation of fixed assets.

    *Contact:*   KVH Industries, Inc.
    Donald W. Reilly
    401-608-8977
    dreilly@kvh.com   FTI Consulting
    Christine Mohrmann
    212-850-5600 Reported by GlobeNewswire 1 hour ago.

    0 0

    Last Week in the City: Trump threatens trade war This week US President Donald Trump threatened a trade war, a number of famous high street names, including Toys R Us and Maplin, got into serious trading trouble and upbeat assessments of the US economy from central bankers helped the US dollar to rally, reversing its recent trend. The FTSE 100 fell 0.2% over the week by mid-session on Friday.

    *Economics*

    The US economy expanded at a slightly slower pace than previously thought in the fourth quarter of 2017, its second reading showed. GDP grew by an annualised 2.5% in the final three months of last year, down from the initial reading of 2.6%.

    New York Federal Reserve President Bill Dudley said that four rate rises by the central bank would constitute a “gradual” pace of tightening as US policymakers.

    The dollar rallied after new Federal Reserve chair Jerome Powell gave a straight-talking testimony on Tuesday to the US House Financial Services Committee. He gave optimistic assessment of the US economy.

    German shoppers stayed at home in January, defying expectations for a rebound in retail sales with a second straight month of declines.

    The Japanese yen strengthened after the country’s central bank chief suggested a possible exit from its current easy-monetary policy in 2019 if targets were met. This was the first time a possible timing has been suggested.

    *Geopolitics*

    The Irish border remains a thorny issue in Brexit talks, with Donald Tusk warning the UK risked creating a sea border between Ireland and Britain if the government cannot come up with a better way to solve the Northern Irish border question. He said the UK had not “come up with anything wiser”.

    Fears of an expanding trade war hit global markets after US President Donald Trump said he would impose heavy tariffs on imports of steel and aluminium “for a long period of time”. Next week the president will sign an order imposing global tariffs of 25% on steel and 10% on aluminium, a move likely to trigger retaliation from the EU and China. US steelmakers rallied but the news hit shares in FTSE 100 listed *Evraz* as well as iron ore miners such as* Rio Tinto *and* BHP Billiton. *The trade protections may divert flows of Asian steel away from the US, boosting competition elsewhere and denting prices

    Russian president Vladimir Putin has claimed that Russia has developed an “unstoppable” range of new weapons that would render US missile defence systems meaningless.

    *Fixed income *

    Rising bond yields have been cited as the reason behind the sell-off in the equity markets but should investors be just as concerned about a spike in inflation? Jeremy Spain, Charles Stanley’s bond analyst, looks at the issue here.

    *FTSE reshuffle*

    March’s index reshuffle by FTSE Russell will see *Royal Mail* shares re-enter the blue chip index, replacing property group *Hammerson*.

    In the FTSE 250 there were a number of changes.

    Entering the index are: *Baillie Gifford Japan Trust*; *Bakkavor Group*; *Charter Court Financial Services* *Group*; *Contour Globa*l; *Games Workshop*; *On The Beach Group*; and *Pantheon International*.

    Leaving the midcap index are: *AA*; *Acacia Mining*; *N Brown*; *Dignity*; *Hansteen Holdings*; *Mitie* *Group*; and *Vectura*.

    *Energy*

    Oil prices fell over the week as fears over excess supply from the booming US shale industry mingled with a broader selloff in risk assets after US President Donald Trump’s tariffs threatened to spark a global trade war. Brent crude futures slipped 5.5% over the week by mid-session on Friday to trade at around $63.60 a barrel.

    *Financials*

    Shares in *Provident Financial* soared after the troubled doorstep lender offered signs that the worst may be behind it. This followed a botched reorganisation, two profit warnings and an investigation from the Financial Conduct Authority. The lender announced a £300m rights issue and said it had agreed to pay a fine and compensation over issues relating to its Vanquis unit.

    *Retail*

    It was a generally gloomy week in UK retail, as the harsh backdrop and shifting shopping habits saw *Toys R Us* collapse into insolvency and *Maplin Electronics* failed to find a buyer. *Prezzo*, the Italian-themed diner, said it was restructuring its business with the loss of several hundred jobs and clothing group *New Look* was reported to be considering a restructuring that would involve closing scores of its 600 stores.

    Shares in *Carpetright* were also floored, falling by almost a quarter after it said management was now expecting to report a loss for the year ending in April and that consumer confidence in the UK was “weak”.

    UK shop prices fell in February in a further sign that inflationary pressures from a weaker pound had passed their peak, according to the British Retail Consortium (BRC). The BRC-Nielsen shop price index revealed prices fell 0.8% in February, a sharper fall than the 0.5% dip seen in January.

    One bright spot, however, was sausage roll group *Greggs*, which pushed the accelerator on its expansion plans. The pasty purveyor will open a record number of new shops in 2018 and plans to extend its overall target beyond the 2,000 originally projected. The news came alongside a set of full-year numbers that was in line with City expectations.

    *Supermarkets*

    *Tesco’s* £4bn takeover of wholesaler *Booker* was agreed by both sets of shareholders at meeting this week. This was despite a number of institutional investors and shareholder advisory firms expressing their opposition to the deal.

    *Consumer*

    It wasn’t a great week for Sir Martin Sorrell, the best paid chief executive in the FTSE 100. Sir Martin has received about £210m in remuneration from advertising group *WPP* since 2012, but the company’s shares have been falling sharply for the last year. On Thursday, the company lost another 8% of its valuation after its full-year results showed multinationals reining in their advertising spend.

    It’s been a bit of a rollercoaster ride for investors in shares in Alton Towers and Legoland owner *Merlin Entertainments. *The share price soared after the group posted results that were “not terrible” and the company did not issue a new profit warning after a tumultuous year. This followed a year of bad weather across Europe and a spate of terror attacks in the UK, which hit trading.

    Luxury goods company *Burberry* appointed Riccardo Tisci as chief creative officer to succeed Christopher Bailey. Mr Tisci worked with new chief executive Mario Gobetti at Givenchy.

    *Media *

    NBC-owner *Comcast* made a counteroffer for satellite TV group *Sky*, complicating a deal that was already proving complex. US media giants *The Walt Disney Co* and Comcast are now battling for Rupert Murdoch’s baby as he prepared to exit his TV and movie operations. For more click here.

    Shares in Dancing on Ice producer *ITV* slipped after it was struck by a double-whammy hit of falling profits and sliding advertising revenues. New chief executive Carolyn McCall said a "strategic refresh" was under way.

    *Property*

    Profits at London-focused estate agent *Foxtons* dropped by nearly two-thirds in 2017, leading the company to more than halve its dividend as it struggled to deal with the capital’s slowing housing market.

    *Utilities*

    The Beast from the East brought Britain to a standstill this week, with heating demand so high that *National Grid* warned the country could run out of gas amidst the freezing temperatures. The cold snap is likely to be earnings-enhancing for businesses such as SSE and Centrica.

    Global utilities have performed badly compared to world shares generally over the last year. John Redwood, Charles Stanley’s Chief Global Strategist, explains why here.

    *Technology*

    The UK is short of technology shares, with many of our national leaders bought by foreign rivals. This week chipmaker *Laird* agreed a £1bn sale to US private equity group Advent. Are we selling off the family silver? Garry White asks whether the lack of UK technology plays is a problem for UK investors here.

    *Engineering*

    *GKN* confirmed it was in talks about a “combination” of its automotive business with US-based Dana that would be “effected mainly in equity” as it tried to fight off a hostile offer from FTSE 250 listed *Melrose Industries*. GKN’s management have proposed demerging both the automotive division and its aerospace business as part of its standalone plans.

    Shares in *Cobham* jumped almost a fifth after the defence and aerospace equipment supplier reported annual profits ahead of market expectations. The share price rise reversed the decline Cobham faced at the start of last month, when investors fretted over the cost of unwinding a series of acquisitions.

    *Nothing on this website should be construed as personal advice based on your circumstances. No news or research item is a personal recommendation to deal.*

      Reported by City A.M. 1 hour ago.

    0 0

    BUDAPEST (Reuters) - Britain will remain committed to the security and defense of Central Europe after Brexit, and will protect the rights of Hungarians working in the United Kingdom, Foreign Minister Boris Johnson said on Friday. Reported by Reuters 1 hour ago.

    0 0

    NEW YORK, March 02, 2018 (GLOBE NEWSWIRE) -- In four wheel drive vehicles, all four wheels of vehicles get power from engine. These are also known as 4×4 or 4WD. The other types are 4×2 or 2×2 wheel drives. 4WD vehicles are safe on slippery roads or off roads also. They never tend to lose traction. The 4WD vehicles have better stability and performance than 2WD vehicles. In order to save power, there are different operating modes of 4WD vehicles i.e. full time 4WD, part time 4WD and automatic 4WD. Depending on need of user can enter into any one of these mode manually. But this increases overall cost of vehicle. Also there is quick wear out of tyres in such type of systems. It requires high maintenance. These are main challenges in this market. 

    Profshare Market Research launches in detail study of segments, market drivers, constraints, regional analysis, trends and forecast on Four Wheel Drive Vehicles Market. The market is expected to show constant growth between 2017-2025. The study covers detail analysis, growth and forecast of Four Wheel Drive Vehicles Market. The report includes market analysis on regional level. The study covers historical data analysis from 2012 to 2016 and market forecast for 2017 to 2025 based on revenue generated. 

    Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end users/regions. Our study on Four Wheel Drive Vehicles Market helps user to make precise decision in order to expand their market presence and increase their market share. The competitive landscape in the report offers detailed profiles of the key players in Four Wheel Drive Vehicles Market also covers financial overview, market strategies, new product analysis and marketing trends. 

    *Get Free Sample: **https://www.profsharemarketresearch.com/sample/four-wheel-drive-vehicles-market-report-sample/*

    *Four Wheel Drive Vehicles Market: Product Type*

    • Standard 4WD
    • Premium 4WD 

    *Four Wheel Drive Vehicles Market: End User / Application*

    • HCV
    • SUV 

    *Four Wheel Drive Vehicles Market: Regional Analysis * 

    • North America
    • Europe
    • China
    • Japan
    • Southeast Asia
    • India
    • Africa
    • Latin America

    *Report Enquiry: **https://www.profsharemarketresearch.com/enquiry/four-wheel-drive-vehicles-market-report-enquiry/*

    *Four Wheel Drive Vehicles Market: Companies Covered*

    • Daimler
    • Mitsubishi
    • BMW
    • Toyota
    • Ford
    • Renault
    • Tata Motors
    • Hyundai
    • Volkswagen
    • Volvo
    • Isuzu
    • Fiat
    • Nissan
    • Honda

    *Four Wheel Drive Vehicles Market report delivers comprehensive analysis of:*

    • Market Forecast for 2017-25
    • Market growth drivers
    • Challenges and Opportunities
    • Emerging and Current market trends
    • Market player Capacity, Production, Revenue (Value)
    • Supply (Production), Consumption, Export, Import analysis
    • End user/application Analysis

    *Buy Report: **https://www.profsharemarketresearch.com/buy/four-wheel-drive-vehicles-market-report-buy-su/*

    *Contact Us:*

    Mia Cox,

    Email- sales@profsharemarketresearch.com

    Tel- 1-877-797-7295

    Website- www.profsharemarketresearch.com Reported by GlobeNewswire 1 hour ago.

    0 0

    Harlequins and New Zealand Rugby strike groundbreaking agreement Harlequins have entered into an innovative partnership with New Zealand Rugby which will see All Blacks players loaned to the Premiership Rugby club.

    The groundbreaking agreement will see the London club host New Zealand internationals looking to boost their earnings on a European sabbatical, before sending them back to their home country. In exchange, Quins will send young players and coaches to New Zealand.

    Quins and New Zealand Rugby will also work together to exploit commercial opportunities, with the two groups sharing Adidas as a kit partner.

    "The All Blacks are the benchmark of excellence," said Harlequins chief executive David Ellis.

    "To be able to align with them both on and off the pitch will be of significant benefit to the club."

    *Read more:* How the All Blacks win - New Zealand Rugby chief Steve Tew on how the World Cup champions sustain a winning culture

    The deal comes at a moment in which New Zealand Rugby is struggling to stem the flow of talent to the monied clubs of Europe. 

    Montpellier's Aaron Cruden, Toulon's Malakai Fekitoa, La Rochelle's Tawera Kerr-Barlow, Bristol's Steve Luatua and future Wasps signing Lima Sopoaga have all in the last year traded likely spots in the All Blacks squad at next year's World Cup for the riches of Europe. Like England, New Zealand do no consider overseas-based players for selection.

    Yesterday New Zealand Rugby revealed revenue of NZ$257m (£135m) but this largely owed to the exceptional circumstances of the British and Irish Lions' tour of the country last summer. England's Rugby Football Union (RFU) had revenue of £185m for the same year.

    Harlequins already have a strong New Zealand connection with former All Blacks captain Sean Fitzpatrick a board member and attack coach and long-serving fly-half Nick Evans also a former international.

    "This is new territory for New Zealand Rugby and this unique relationship will open some useful connections in that part of the world," said New Zealand Rugby chief executive Steve Tew.

    "This alignment will create significant opportunities for both sides, with players, coaches and staff able to learn from different environments with different people, challenged and cultures." Reported by City A.M. 1 hour ago.

    0 0

    NEW YORK, March 02, 2018 (GLOBE NEWSWIRE) -- 55% Al-Zn galvanized steel is prepared by process of hot dipping in 55% aluminium, 43.4% zinc and 1.6% silicon molten bath. In zinc galvanised steel, a thin layer of iron-zinc alloy is metallurgically bounded to steel substrate. Zinc coating provides protection against corrosion. But when it is exposed in rain or water, zinc layer dissolves in rain and hence it cannot protect steel from corrosion. But this is not happen when it is galvanized with aluminium zinc coating. Al-Zn coating contains 80% of aluminium-rich phase and 20% of zinc rich phase, both are well mixed. Aluminium rich phase is known as dendritic phase and zinc rich phase is known as phase interdendritic phase.

    Profshare Market Research launches in detail study of segments, market drivers, constraints, regional analysis, trends and forecast on 55%Al-Zn Galvanized Steel Market. The market is expected to show constant growth between 2017-2025. The study covers detail analysis, growth and forecast of 55%Al-Zn Galvanized Steel Market. The report includes market analysis on regional level. The study covers historical data analysis from 2012 to 2016 and market forecast for 2017 to 2025 based on revenue generated.

    Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end users/regions. Our study on 55% Al-Zn Galvanized Steel Market helps user to make precise decision in order to expand their market presence and increase their market share. The competitive landscape in the report offers detailed profiles of the key players 55%Al-Zn Galvanized Steel Market also covers financial overview, market strategies, new product analysis and marketing trends.*Get Free Sample: **https://www.profsharemarketresearch.com/sample/55al-zn-galvanized-steel-market-report-sample/*

    *55%Al-Zn Galvanized Steel Market: Product Type*

    · Galvanized Steel Coil
    · Galvanized Steel Sheet
    · Galvanized Steel Strip
    · Galvanized Steel Wire
    · Galvanized Steel Tube

    *55%Al-Zn Galvanized Steel Market : End User / Application*

    · Construction
    · Home Appliance
    · Automotive
    · General Industrial

    *55%Al-Zn Galvanized Steel Market : Regional Analysis * 

    · North America

    · Europe

    · China

    · Japan

    · Southeast Asia

    · India

    · Africa

    · Latin America

    *Report Enquiry: **https://www.profsharemarketresearch.com/buy/55al-zn-galvanized-steel-market-report-buy-su/*

    *55%Al-Zn Galvanized Steel Market: Companies Covered*

    · ArcelorMittal
    · NSSMC
    · POSCO
    · Nucor
    · United States Steel (USS)
    · ThyssenKrupp
    · JFE Steel
    · Severstal
    · JSW Steel
    · Essar
    · Rautaruukki
    · Baosteel
    · Ansteel
    · Wuhan Iron and Steel
    · Shagang Group
    · Shandong Iron & Steel
    · Ma Steel
    · Bohai Steel
    · Shougang Group
    · CSC
    · Valin Steel
    · Dongkuk Steel
    · Dongbu Steel
    · Kerui Steel

    *55%Al-Zn Galvanized Steel Market report delivers comprehensive analysis of :*

    · Market Forecast for 2017-25

    · Market growth drivers

    · Challenges and Opportunities

    · Emerging and Current market trends

    · Market player Capacity, Production, Revenue (Value)

    · Supply (Production), Consumption, Export, Import analysis

    · End user/application Analysis

    *Buy Report: **https://www.profsharemarketresearch.com/buy/55al-zn-galvanized-steel-market-report-buy-su/*

    *Contact Us:*

    Mia Cox

    Email- sales@profsharemarketresearch.com

    Tel- 1-877-797-7295

    Website- www.profsharemarketresearch.com Reported by GlobeNewswire 1 hour ago.

    0 0

    NEW YORK, March 02, 2018 (GLOBE NEWSWIRE) --

    Bulk delivery systems are extremely useful for moving products in bulk amount effectively. It is efficient way of transferring products. It increases safety and ergonomics of labour delivering products. There are various types of bulk delivery equipments available in market. Therefore selection of right equipment plays important role. It reduces the risk of material handling of sensitive materials. These equipments reduces the cost and time of delivery of product. Depending on product type, bulk delivery systems are classified into 5 Gallon Bulk Unloader, 55 Gallon Bulk Unloader, bulk delivery carts, heavy duty bulk delivery carts bulk cart curb ramps etc. 

    Profshare Market Research launches in detail study of segments, market drivers, constraints, regional analysis, trends and forecast on Bulk Delivery Systems Market. The market is expected to show constant growth between 2017-2025. The study covers detail analysis, growth and forecast of Bulk Delivery Systems Market. The report includes market analysis on regional level. The study covers historical data analysis from 2012 to 2016 and market forecast for 2017 to 2025 based on revenue generated. 

    Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end users/regions. Our study on Bulk Delivery Systems Market helps user to make precise decision in order to expand their market presence and increase their market share. The competitive landscape in the report offers detailed profiles of the key players in Bulk Delivery Systems Market also covers financial overview, market strategies, new product analysis and marketing trends. 

    *Get Free Sample: **https://www.profsharemarketresearch.com/buy/bulk-delivery-systems-market-report-buy-su/*

    *Bulk Delivery Systems Market: Product Type*

    • 5 Gallon Bulk Unloader
    • 55 Gallon Bulk Unloader

    *Bulk Delivery Systems Market: End User / Application*

    • Food Industry
    • Agriculture

    *Report Enquiry: **https://www.profsharemarketresearch.com/buy/bulk-delivery-systems-market-report-buy-su/*

    *Bulk Delivery Systems Market: Regional Analysis * 

    • North America
    • Europe
    • China
    • Japan
    • Southeast Asia
    • India
    • Africa
    • Latin America

    *Bulk Delivery Systems Market: Companies Covered*

    • Nordson
    • Graco
    • ImTech
    • B&P Manufacturing
    • RWM Casters
    • Alaso

    *Bulk Delivery Systems Market report delivers comprehensive analysis of:*

    • Market Forecast for 2017-25
    • Market growth drivers
    • Challenges and Opportunities
    • Emerging and Current market trends
    • Market player Capacity, Production, Revenue (Value)
    • Supply (Production), Consumption, Export, Import analysis
    • End user/application Analysis

    *Buy Report: **https://www.profsharemarketresearch.com/buy/bulk-delivery-systems-market-report-buy-su/*

    *Contact Us:*

    Mia Cox,

    Email- sales@profsharemarketresearch.com

    Tel- 1-877-797-7295

    Website- www.profsharemarketresearch.com Reported by GlobeNewswire 1 hour ago.

    0 0

    Six market charts that matter: Italy's problems, Greek bonds, the Vix spike Each month, the investment writing team at Schroders highlight the most significant charts to cross their desk.

    *Italian election: the country's most pressing business problems*

    Elections (not to mention referendums) have been a major source of market uncertainty and volatility in recent times. The latest comes this weekend in arguably the most important election in Europe for 2018, when Italians will be heading for the polls.

    The Italian general election result remains too close to call, with as much as a third of the electorate still undecided on their voting intentions.

    Investors are keeping a nervous eye on the result, not least because two of the main parties (the Five Star Movement and the Northern League) are sceptical about the euro and have the potential to put its future back in the spotlight.

    A great deal of the media coverage of the election build-up has focused on Italy’s immigration debate, but tax is a major issue too, especially among business leaders. As the chart below shows, the World Economic Forum’s Economic Opinion Survey of 2017 has the country’s tax rates as the second most problematic factor for doing business in Italy (narrowly behind the country’s inefficient government bureaucracy).

    Most of the main parties are vowing to cut taxes and/or increase spending, potentially ringing alarm bells among investors already wary of the country’s large public debt pile and budget deficit.

    Philip Haddon

    *Quietly improving: bond yields in Portugal, Italy, Greece and Spain*

    Remaining in Europe, peripheral eurozone government bonds (including Italy), for a long time the pariah of financial markets, are seeing an upturn in fortunes. Peripheral yields have taken support in recent months from a spate of ratings upgrades and improved economic conditions.

    In January, each of the so-called “PIGS” – Portugal, Italy, Greece and Spain – issued new sovereign debt attracting strong demand. Spain in particular issued a €10 billion 10-year maturity bond, which drew demand of over €40 billion.

    Spain was upgraded to A- by Fitch Ratings, while S&P has Spain on BBB+ with a positive outlook. Fitch cited Spain’s broad-based economic recovery and limited impact on the economy from Catalonia’s independence bid. Italy issued 10 and 50-year bonds which were oversubscribed. Both have followed this with further issues in February.

    · *How rising interest rates have affected returns from bonds*

    S&P lifted Greek long-term, foreign currency ratings for the first time in two years on improvements in the finances and fiscal outlook, although there has been a recent tick up.

    Portugal regained an investment grade rating from S&P last September, prompting 10-year yields to drop over 40 basis points (bps), and from Fitch in December.

    James Molony

    *Path of the peripheral yields*

    Past performance is not a guide to future performance and may not be repeated.

    *The big Vix spike and the impact on short-volatility ETFs*

    The growth of exchange-traded funds (ETFs) has been significant over recent years with the products proving popular with individual investors.

    Providers have looked to capitalise on this ETF boom with the development of increasingly specialised strategies. One such example is the short (or inverse) volatility ETF. It is constructed using derivatives to profit from declining volatility, as measured by the Vix. The Vix – the Chicago Board Options Exchange Volatility Index – comprises S&P 500 options to track expected equity market volatility levels.

    Volatility in 2017 was persistently low (ie stock prices did not fluctuate particularly wildly), so these “short vol” funds performed extremely well, but the events of recent weeks have demonstrated just how swiftly things can unravel.

    Markets were turbulent at the beginning of February. This volatility caused the short vol funds to suffer calamitous declines. At the most extreme point, in the first week of February, over a dozen products were suspended from trading.

    One such fund was the VelocityShares Daily Inverse VIX Short Term ETN (XIV) shown in the chart below. It reached over $2 billion in assets in late January before falling nearly 95% in early-February and has since been liquidated.

    James Molony

    *Short vol funds versus the VIX*

    *
    *

    Source: Bloomberg. Chart shows performance of ProShares Short VIX Short-Term Futures (SVXY) and VelocityShares Daily Inverse VIX Short Term ETN (XIV), versus the Vix.

    Past performance is not a guide to future performance and may not be repeated.

    *Has London’s junior stock market grown up?*

    This graph illustrates how the number of companies on the Alternative Investment Market (AIM) has fallen since the 2007/08 financial crisis and average market capitalisations have risen.

    In part the chart speaks of the junior market’s growing maturity relative to its earlier days. There are materially fewer very small companies quoted on AIM today than there were a decade ago. The number of companies with market valuations of less than £25 million has more than halved over this period.

    Since the financial crisis there has not been a wave of speculative IPOs on AIM to rival those of the 1999/00 dotcom bubble or 2005/06 resources boom. Meanwhile, the secondary market for further fundraisings has held up relatively well. High quality AIM companies have, it appears, been able to raise the equity capital they require to grow.

    Simon Keane

    *
    *

    *Are start-ups being stifled?*

    In her recent article “The “Big Tech” backlash: How sustainable are Google, Facebook and Amazon?”, Katherine Davidson looked at why the internet giants are coming under increased scrutiny from society and regulators.

    One criticism levelled at the likes of Google is that by snapping up promising start-ups and monopolising the best talent they have been stifling innovation.

    Indeed, as the chart below from the Kauffman Index of Startup Activity shows, the number of start-ups declined precipitously from 2006 to 2013, when it reached its lowest point in 20 years. But now the tide seems to have turned.

    “Start-up activity, growth, and entrepreneurship have ticked up encouragingly since 2014, suggesting the dip was more a function of the economic environment than structural change,” Katherine said.

    Andrew Lacey

    *Startup activity*

    *
    *

    *Global economy bounces back*

    Leading economic indicator readings, released in February, have continued to reflect strength and synchronisation in global economic growth. The Global Composite Purchasing Manager’s Index (PMI), a combined activity index of manufacturing and services activity, climbed to 54.6 in January, up from 54.3 in December.

    This is the highest level that the index has reached in over three years. Significantly, the measure saw both the advanced and emerging markets economies components increase.

    Andrew Rymer

    *
    *

     

    · *How the stock market performs after big one-day falls*
    · *Which of the world's stock markets are cheap going into 2018?*

     

    *Important Information: The views and opinions contained herein are those of mentioned in the article and may not necessarily represent views expressed or reflected in other Schroders communications, strategies or funds.* The sectors and securities shown above are for illustrative purposes only and are not to be considered a recommendation to buy or sell. This communication is marketing material.

    This material is intended to be for information purposes only and is not intended as promotional material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The material is not intended to provide and should not be relied on for accounting, legal or tax advice, or investment recommendations. Reliance should not be placed on the views and information in this document when taking individual investment and/or strategic decisions. Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. All investments involve risks including the risk of possible loss of principal. Information herein is believed to be reliable but Schroders does not warrant its completeness or accuracy. Reliance should not be placed on the views and information in this document when taking individual investment and/or strategic decisions. The opinions in this document include some forecasted views. We believe we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know. However, there is no guarantee than any forecasts or opinions will be realised. These views and opinions may change. Issued by Schroder Investment Management Limited, 31 Gresham Street, London EC2V 7QA. Registration No. 1893220 England. Authorised and regulated by the Financial Conduct Authority.

      Reported by City A.M. 47 minutes ago.

    0 0
  • 03/02/18--04:24: Inside Europe
  • Click on the links below to listen to reports from this week's edition of Inside Europe, DW's award-winning radio program with features from around the continent. Reported by Deutsche Welle 1 hour ago.

    0 0

    'Homeless people, refugees and migrants especially vulnerable,' says WHO Reported by Independent 56 minutes ago.

    0 0

    TORONTO, March 02, 2018 (GLOBE NEWSWIRE) -- Goldmoney Inc. (TSX:XAU) (“Goldmoney”), a precious metal financial service and technology company, today announced that it has launched a new onboarding method with Jumio, the leading digital identity verification provider, after a successful beta release. This new online verification process is entirely paperless and significantly reduces online friction historically associated with customer account setup.

    Powered by Jumio’s real-time ID verification technology, Goldmoney now offers clients a paperless process for Holding verification. Clients can simply take a photo of their government-issued ID and a selfie to verify their identity. New Goldmoney clients can apply for a Goldmoney Holding account and complete the verification process in less than 3 minutes, while current Holding owners can submit a photo of their government-issued ID and a selfie and unlock access to fully verified Holding features.

    Jumio’s biometric-based identity verification technology has proven to be secure and diligent, and is in full compliance with Anti-Money Laundering (AML) legislation and Know Your Customer (KYC) requirements.

    “As we continue to expand the functionality of the Goldmoney Holding offering, one of our biggest challenges is establishing an appropriate balance between client security, regulatory compliance, and an improved onboarding and verification experience,” said Goldmoney’s COO, Paul Mennega. “Through our partnership with Jumio and the integration of their best-of-breed verification solution, we have achieved an important milestone in our mission to increase global access to precious metals by significantly reducing onboarding friction while further improving our industry-leading security and regulatory standards. It’s a true win-win.”

    “According to recent Juniper research, the global cost of data breaches will rise to $2.1 trillion by 2019, so it's increasingly imperative for online companies, especially financial institutions, to know, really know, who their customers are online," said Jumio’s CEO, Steve Stuut. "Because Goldmoney enables its clients to invest, earn, or spend gold, silver, platinum, and palladium, they must ensure that their online customers are reliably, accurately, and compliantly verified.  It's this delicate balance between fraud detection and the user experience that made us the right choice -- not only for Goldmoney, but for a growing roster of digital banks, foreign exchanges, and cryptocurrency exchanges." 

    *About Goldmoney Inc.*
    Goldmoney Inc., a financial service company traded on the Toronto Stock Exchange (TSX:XAU), is a global leader in precious metal investment services and the world’s largest precious metals payment network. Safeguarding nearly $2 billion in assets for clients located in more than 150 countries, Goldmoney is focused on a singular mission to make precious metals-backed savings accessible to all. Powered by Goldmoney’s patented technology, the Goldmoney® Holding is an online account that enables clients to invest, earn, or spend gold, silver, platinum, palladium and cryptocurrencies that are securely stored in insured vaults in seven countries. All bullion assets are fully allocated and physically redeemable property. Goldmoney Wealth Limited is regulated by the Jersey Financial Services Commission (JFSC) as a Money Services Business. Goldmoney Network is a reporting entity to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), and is registered with the Financial Crimes Enforcement Network (FinCEN) in the U.S. For more information about Goldmoney, visit goldmoney.com.

    *About Jumio*
    When identity matters, trust Jumio. Jumio is the creator of Netverify® which enables businesses to increase customer conversions while providing a seamless customer experience and reducing fraud. By combining the three core pillars of ID Verification, Identity Verification and Document Verification, businesses now have a complete solution that allows them to establish the real-world identity of the consumer. Leveraging advanced technology like biometric facial recognition, machine learning, artificial intelligence and human review, Jumio helps customers to meet regulatory compliance including KYC, AML and GDPR and tie the digital identity to the physical world. Jumio has verified more than 100 million identities issued by over 200 countries from real time web and mobile transactions. Jumio’s solutions are used by leading companies in the financial services, sharing economy, higher education, cryptocurrency, retail, travel and online gaming sectors. Based in Palo Alto, Jumio operates globally with offices in the US, Europe, and Asia Pacific and has been the recipient of numerous awards for innovation. For more information, please visit www.jumio.com.

    Media and Investor Relations inquiries:

    *Goldmoney: *

    *Renee Wei*
    Director of Global Communications
    Goldmoney Inc.
    renee.wei@goldmoney.com

    *Josh Crumb
    *Chief Strategy Officer
    Goldmoney Inc.
    +1 647-499-6748

    *Jumio: *

    Europe Media Contact
    *Michael Banner*
    SkyParlour
    michaelb@skyparlour.com
    +44 (0) 844 2939 764

    U.S. Media Contact
    *Caitlin Haskins
    *10Fold Communications
    Jumio@10fold.com
    415-800-5369

    *Forward-Looking Statements*

    This news release contains or refers to certain forward-looking information. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “may”, “potential” and “will” or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. All information other than information regarding historical fact, which addresses activities, events or developments that the Goldmoney Inc. (the “Company”) believes, expects or anticipates will or may occur in the future, is forward-looking information. Forward-looking information does not constitute historical fact but reflects the current expectations the Company regarding future results or events based on information that is currently available. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not occur. Such forward-looking information in this release speak only as of the date hereof.

    Forward-looking information in this release includes, but is not limited to, statements with respect to: service times for transactions on the Goldmoney network; growth of the Company’s business, expected results of operations, and the market for the Company’s products and services and competitive conditions. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Company’s operating history; history of operating losses; future capital needs and uncertainty of additional financing; fluctuations in the market price of the Company’s common shares; the effect of government regulation and compliance on the Company and the industry; legal and regulatory change and uncertainty; jurisdictional factors associated with international operations; foreign restrictions on the Company’s operations; product development and rapid technological change; dependence on technical infrastructure; protection of intellectual property; use and storage of personal information and compliance with privacy laws; network security risks; risk of system failure or inadequacy; the Company’s ability to manage rapid growth; competition; effectiveness of the Company’s risk management and internal controls; use of the Company’s services for improper or illegal purposes; uninsured and underinsured losses; theft & risk of physical harm to personnel; precious metal trading risks; and volatility of precious metals prices & public interest in precious metals investment; and those risks set out in the Company’s most recently filed annual information form, available on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by law. Reported by GlobeNewswire 56 minutes ago.

    0 0

    Porsche 911 Turbo 997 Shames Its Ancestors by Holding Up a Toyota Yaris After what was mostly a mild winter, Europe has found itself under a massive front of cold Arctic air which brought a late flurry of snow, right when everyone was getting ready for the first of March and the subsequent spring usually associated with this date. However, just because the calendar says winter is over, that doesn't mean the Reported by autoevolution 44 minutes ago.

    0 0

    STOCKHOLM (Reuters) - Sweden's Electrolux , Europe's largest home appliance maker, said on Friday it would put on hold a planned $250 million investment in the United States after President Donald Trump announced he would impose tariffs on imported aluminum and steel. Reported by Reuters 43 minutes ago.

    0 0

    STOCKHOLM (Reuters) - Sweden's Electrolux , Europe's largest home appliance maker, said on Friday it would delay a planned $250 million investment in Tennessee, after U.S. President Donald Trump announced tariffs on imported aluminum and steel. Reported by Reuters 25 minutes ago.

    0 0

    Skaters take to Amsterdam's famous canals after they freeze over Skaters strapped on their blades and took to the frozen Prinsengracht canal in central Amsterdam on Friday as Europe remained in the deep freeze thanks to the Beast from the East. Reported by MailOnline 19 minutes ago.

    0 0

    DGAP-News: Bionorica SE / Key word(s): Final Results/Market Report

    02.03.2018 / 14:01
    The issuer is solely responsible for the content of this announcement.
    --------------------

    - Sales up by 17.6 percent to EUR 297.6 million

    - Market leader in numerous countries

    - Making progress: More and more patients can be treated with Dronabinol

    - Significant expansion in international research activities

    - Investment record in 2018 expected

    - Headcount in Germany: more than 1,000 for the first time*Dusseldorf, 2 March 2018 -* Bionorica is looking back at a successful fiscal 2017. The pharmaceutical company enjoyed another increase in sales to EUR 297.6 million. This represents a substantial increase of 17.6 percent (2016: EUR 253.1 million). These were the figures provided by Professor Michael A. Popp, owner and CEO of Bionorica SE, during the presentation of the company's annual report.

    In the case of pharmacy-only OTC medicines Bionorica achieved growth in all relevant segments: The company's worldwide OTC sales grew by 14.4 percent to EUR 272 million. As well as a substantial increase in the respiratory and gynaecological segment, the urology segment generated particularly dynamic growth with an increase in sales of 23.9 percent.

    Overall, Bionorica was able to realise increased sales volumes in all countries where its products are distributed. Russia and Germany continue to be the company's strongest markets. In both countries, sales figures could be substantially increased in 2017. Sales of packages reached the 20 million mark for the first time in Russia, and 19.5 million in Germany.
    In total, 39 million packages were sold outside Germany (2016: 37 million), equivalent to sales of EUR 160 million (2016: EUR 141 million). Including Germany, a total of around 58 million packages were sold worldwide. In the domestic market this represents sales of EUR 112 million (2016: EUR 97 million).

    *High equity ratio secures company's independence and dynamic growth *
    With an equity ratio of 79 percent (2016: 77 percent) the manufacturer of natural medicines has a sound foundation for further growth. "The capital strength of Bionorica is important to allow us to finance our growth by ourselves," says Professor Popp. In 2017, investments to secure further growth amounted to EUR 14.9 million, of which around EUR 11.3 million were for property, plant and equipment.

    *Market leader in numerous markets*
    Bionorica is the leading manufacturer on the German phyto-pharmaceutical market. "In terms of package sales, we further extended our market leadership in Germany," confirms Dr Uwe Baumann, Head of Global Business and Member of the Executive Board of Bionorica, adding: "This is especially gratifying given the fiercely fought market. In this case we have once again outperformed." For all core markets the company reported a two-digit increase in sales. Sinupret, the strongest Bionorica product on the German market, was able to record a sales increase of 16.4 percent, despite strong market campaigns by the competition, and it also further expanded its share of the market. Likewise Canephron, with 16.2 percent. Sales of Bronchipret could be increased by 15.2 percent and sales of Imupret by 14.5 percent. Apart from the long cold and flu season in winter 2016/2017, Professor Popp believes that the company's scientifically substantiated communications targeting doctors and pharmacists is another reason for the increased sales of respiratory tract medications.

    *Development of international markets forges ahead*
    In 2017 Bionorica continued to drive the development of new markets worldwide, in Europe, South and Central America and Asia. Bionorica has also launched successfully in the Iranian market, where seven Bionorica medications were approved and have been available since November 2017.
    The company is also in the starting blocks in the Mexican market, which it plans to enter in 2019. "Mexico is a strategic market for us and offers good growth prospects," explains Dr Baumann.

    *Dronabinol - for more quality of life*
    Professor Popp and Dr Baumann welcomed the positive development in the prescribing of the active ingredient Dronabinol since the legislative amendment in Germany to allow reimbursement of cannabis medicinal products in March 2017. 11,000 patients were supplied with Dronabinol in 2017. That is almost three times as many people as in 2016. Worldwide sales figures for Dronabinol developed accordingly: At around EUR 13.6 million, sales in 2017 were more than double those of the previous year (2016: EUR 5.76 million).

    "Thanks to the legislative amendment we can help more seriously ill people with Dronabinol and improve the therapy situation," stresses Popp. He is confident that the number of patients being treated will increase even more. "According to media reports, the current approval rate on the part of the statutory health funds is around 60 percent," says Popp. "We are hoping that this positive approval situation will continue, as this would substantially improve the quality of life of many patients dependent on the medicine."

    *Expansion of international research activities*
    Bionorica is continuing to expand its international research capacities: Already, more than 50 employees at the Neumarkt site and around 30 scientists at Bionorica Research in Innsbruck are devoting themselves to research on plant extracts. The company's research network comprises more than 500 leading institutes, hospitals and universities worldwide.

    In 2017, several of the company's research goals could be achieved: More than 100 plants were investigated and over 1,000 ingredients characterised. In its cultivation processes too, Bionorica is using the latest analysis technologies. Using a hand-held device and a sensor, the quality of the ingredients of a medicinal plant can be measured directly on the field and the harvesting time optimised. Moreover, a genetic process was developed to determine precisely the species and subspecies of plants.

    Bionorica is going to step up its R&D activities even further: The company is making more substantial investments in its facility in Innsbruck, Austria, to drive forward its vision of the 'Phytovalley^(R) in Tyrol', which aims to bundle research into the medical uses for phyto-chemicals in a way that is unique worldwide. With this in mind, the Michael Popp Institute in the Leopold Franzens University was established in 2017. "By establishing the institute, the University of Innsbruck and the region are aiming to position themselves as a centre for modern, scientifically substantiated research into herbal medicines. We are continuing to develop this globally unique concentration of expertise in plant-based active ingredient research in what is known as 'Phytovalley^(R)'." The costs for the two endowed professorships, which will employ around 20 scientists and undergraduates, are shared by the State of Tyrol and the Michael A. Popp Nature Science Foundation.

    *2018: Investment record marks 85th anniversary*
    Over the last five years Bionorica has already invested more than EUR 100 million in its headquarters in Neumarkt alone, creating one of the most modern and environmentally compatible production facilities for herbal medicines worldwide.

    On Bionorica's 85th anniversary, Professor Popp announced an investment record for 2018. Apart from the company's headquarters, the investment will above all benefit the Innsbruck research facility and the new plant in Voronezh, Russia. With a planned investment volume of EUR 40.5 million, the company will be more than doubling the amount invested in 2017. From 2012 to the end of 2018, Bionorica will have invested EUR 160.5 million in its facilities.

    The headcount at Bionorica in Germany exceeded 1,000 for the first time and has therefore more than doubled since 2006. Bionorica has over 1,600 employees worldwide.

     

    *Corporate profile*
    Patients want effective and tolerable medications and so herbal medicines are the preferred option. Bionorica, located in Neumarkt in Bavaria's Oberpfalz region, is one of the world's leading manufacturers of scientifically researched herbal medicines. Doctors, pharmacists and patients in more than 47 countries trust in the effective products with few side effects. In 2017 Bionorica SE posted sales of EUR 297.6* million. The company's equity ratio is 79 percent. Every day, over 1,600 employees at 17 Bionorica facilities worldwide work on the continuation of this success story, which began in Nuremberg more than 85 years ago.
    Based on the 'phytoneering' strategy, Bionorica decodes the extensive active ingredient potential of plants (phytos) using state-of-the-art research and technologies (engineering). The result: highly effective medicines with few side effects. The company's R&D priorities involve the treatment of symptoms in the respiratory tract, urinary tract, immune system and also women's health. Its range also includes products for the liver, rheumatism and sleep disorders.
    *Preliminary figures, attestation from auditor Ernst & Young outstanding.

     

    *Media officer*
    Bionorica SE
    Dirk Alexander Lude
    Head Global Corporate Communications
    Kerschensteinerstr. 11-15
    92318 Neumarkt, Germany
    Tel. +49/(0)9181/231-7289
    Email: dirk.lude@bionorica.de
    http://english.bionorica.de/en/service/press-media.html

    --------------------
    Additional features:

    Picture: http://newsfeed2.eqs.com/bionorica/659491.html
    Subtitle: Dr. Uwe Baumann und Prof. Dr. Michael A. Popp bei der Jahrespressekonferenz am 1. März 2018 in Neumarkt/Oberpfalz.

    Document: http://n.eqs.com/c/fncls.ssp?u=XJAAVTINMU
    Document title: Press release --------------------

    02.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.dgap.de -------------------- Reported by EQS Group 17 minutes ago.

    0 0

    Reported by talkSPORT 17 minutes ago.

older | 1 | .... | 1276 | 1277 | (Page 1278) | 1279 | 1280 | .... | 1581 | newer