Welcome!

Wearables Authors: Liz McMillan, Elizabeth White, Pat Romanski, Yeshim Deniz, Carmen Gonzalez

News Feed Item

WiLAN Reports Second Quarter 2014 Financial Results

Company reports third straight quarter of adjusted earnings exceeding $16 million

OTTAWA, CANADA -- (Marketwired) -- 07/30/14 -- Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN)(NASDAQ:WILN) today announced financial results for the second quarter of fiscal year 2014 ended June 30, 2014. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated.

Second Quarter 2014 Highlights

--  Revenues of $25.7 million, exceeding guidance of $19.4 million by 32%. 
--  Adjusted earnings(i) of $16.6 million, or 14 cents per basic share,
    exceeding guidance of between $9.4 million and $10.5 million by nearly
    60%. 
--  GAAP earnings of $5.6 million or 5 cents per basic share. 
--  Announced 25% increase to quarterly dividend. 
--  Signed license agreements for wireless technology with Nokia Networks
    and Archos S.A. 
--  Entered license agreement with Sony Corporation related to television
    technology. 
--  Secured license agreements for network management technology with two
    U.S. wireless carriers. 
--  Signed significant partnership with industry leading memory company. 
--  Diversified business with licensing partnerships in the automotive, data
    networking, irrigation and medical technology markets. 
--  U.S. Patent Office and U.S. District Court confirm validity of WiLAN's
    802 patent, which was at issue in the Apple case. 
--  Returned $4.3 million to shareholders in dividend payments. 

"In the second quarter, we made significant progress in our ongoing efforts to increase the profitability and diversification of our business," said Jim Skippen, President & CEO. "Strong revenues, driven in part by signed license agreements with Nokia Networks and Sony, and the control of litigation expenses, contributed to the third straight quarter of positive GAAP earnings and adjusted earnings exceeding 55 percent of revenue."

Added Skippen, "Licensing partnerships signed recently have established WiLAN in many new markets including the automotive, data networking, medical and semiconductor markets. In particular, we are very excited about the quality and value of a patent portfolio that a WiLAN subsidiary acquired from an industry leading memory company in the second quarter. We are very pleased that the U.S. Patent Office, after conducting reexam proceedings at the urging of certain defendants in our cases, has confirmed the validity of WiLAN's 802 patent. The 802 patent was filed by the founders of WiLAN and has been licensed to many parties."

Eligible Dividend

The Board of Directors has declared an eligible dividend of CDN $0.05 per common share to be paid on October 3, 2014 to shareholders of record on September 12, 2014.

Second Quarter 2014 Revenue Review

In the three month period ended June 30, 2014, WiLAN generated revenues of $25.7 million, as compared to $19.9 million in the three month period ended June 30, 2013. The increase in revenues is primarily attributable to the timing of fixed-payment amounts as a result of the significant license agreements signed during the twelve months ended December 31, 2013 and the six months ended June 30, 2014 for which certain agreements contained higher fixed-payments at the beginning of the license agreement.

Second Quarter 2014 Operating Expense Review

In the three month period ended June 30, 2014, cost of revenue totaled $14.5 million as compared to $24.2 million in the comparative period. The decrease in expenses is primarily attributable to a decrease in litigation expense partially offset by an increase in amortization expense and patent maintenance, prosecution, and evaluation expenses as a result of patent acquisitions completed during fiscal 2013, and compensation and benefits as a result of increased staffing levels.

                                  Three months ended        Six months ended
                            ------------------------------------------------
                            ------------------------------------------------
                                June 30,    June 30,    June 30,    June 30,
                                    2014        2013        2014        2013
                            ------------------------------------------------
                            ------------------------------------------------
                                                                            
Compensation and benefits      $   1,901   $   1,155   $   4,271   $   2,790
Litigation                         1,656      14,470       3,365      26,143
Patent maintenance,                                                         
 prosecution, and evaluation       2,073       1,544       3,403       2,685
Amortization of patents            8,332       6,324      16,723      12,829
Stock-based compensation              95         263         453         421
Other                                415         416         887         577
                            ------------------------------------------------
                               $  14,472   $  24,172   $  29,102   $  45,445
                            ------------------------------------------------
                            ------------------------------------------------

For the three months ended June 30, 2014, litigation expenses amounted to $1.7 million compared to $14.5 million for the same period last year. This decrease in comparison to the same period last year is largely attributable to a decrease in the level of litigation activities and new shared risk fee arrangements entered into with our external counsel. Litigation expenses are expected to vary from period to period due to the variability of litigation activities and any contingent payments that may be required from licenses signed in any particular quarter.

In the second quarter ended June 30, 2014, MG&A expenses amounted to $2.8 million as compared to $3.6 million in the second quarter ended June 30, 2013. The decrease in spending for the three and six months ended June 30, 2014 is primarily attributable to a decrease in compensation and benefits and stock-based compensation as a result of changes in staffing levels.

                                  Three months ended        Six months ended
                            ------------------------------------------------
                            ------------------------------------------------
                                June 30,    June 30,    June 30,    June 30,
                                    2014        2013        2014        2013
                            ------------------------------------------------
                            ------------------------------------------------
                                                                            
Compensation and benefits      $   1,219   $   1,630   $   1,985   $   2,555
Depreciation                         161         118         325         242
Stock-based compensation             331         740         743       1,415
Public company costs                 508         527       1,303         954
Facilities                           180         137         363         271
Other                                411         460       1,023         936
                            ------------------------------------------------
                               $   2,810   $   3,612   $   5,742   $   6,373
                            ------------------------------------------------
                            ------------------------------------------------

For the three months ended June 30, 2014, R&D expenses were $660,000 as compared to $692,000 in the same period last year. Although expenses declined slightly quarter over quarter, compensation and benefits increased during the quarter as a result of an increase in staffing levels.

                                 Three months ended         Six months ended
                            ------------------------------------------------
                            ------------------------------------------------
                                June 30,    June 30,    June 30,    June 30,
                                    2014        2013        2014        2013
                            ------------------------------------------------
                            ------------------------------------------------
                                                                            
Compensation and benefits      $     482   $     380   $   1,027   $     854
Depreciation                          45         165         106         239
Stock-based compensation              32          75           9         213
Other                                101          72         126         193
                            ------------------------------------------------
                               $     660   $     692   $   1,268   $   1,499
                            ------------------------------------------------
                            ------------------------------------------------

Second Quarter 2014 Earnings Review

In the second quarter ended June 30, 2014, WiLAN generated adjusted earnings of $16.6 million or 14 cents per basic share as compared to a loss of $762,000 or 1 cent per basic share, in the comparative period. The increase in adjusted earnings for the second quarter of 2014 is primarily attributable to increased revenues and reduced litigation expenses.

The Company's GAAP earnings amounted to earnings of $5.6 million, or 5 cents per share on a basic level, in the second quarter 2014, as compared to a GAAP loss of $7.6 million, or 6 cents per share on a basic level, in the same period last year.

Second Quarter 2014 Balance Sheet and Cash Flow Review

At June 30, 2014, the Company's cash, comprised of cash and cash equivalents and short-term investments, totaled $140.1 million, representing an increase of $8.2 million from the cash position at December 31, 2013. The increase is primarily attributable to $33.2 million of cash generated in operations partially offset by the payment of dividends totaling $8.8 million and payments related to patent acquisitions totaling $10.7 million. The Company's cash equivalents and short-term investments include T-bills, term deposits and GICs.

Third Quarter 2014 Financial Guidance

For the third quarter 2014 ending September 30, 2014, the Company expects revenue to be at least $19.7 million. This revenue guidance does not include the potential impact of any additional reports yet to be received, new agreements that may be signed during the balance of the third quarter of 2014 or the potential impact of any royalties identified in audits conducted by the Company. This guidance is provided prior to the completion of the first month of this fiscal quarter and as such, a number of reports that normally are submitted at or shortly after the month end have yet to be received by the Company.

Operating expenses for the third quarter are expected to be in the range of $9.7 million to $10.4 million of which $2.5 million to $3.2 million is expected to be litigation expense. For the third quarter of 2014, and assuming no additional agreements are signed, adjusted earnings are expected to be in the range of $9.4 million to $10.2 million.

The above statements are forward-looking and actual results may differ materially. The "Forward- looking Information" section at the end of this press release provides information on various risks and uncertainties that the Company faces. Additional information identifying risks and uncertainties relating to the Company's business are discussed in greater detail in the "Risk Factors" section of WiLAN's annual information form for the 2013 fiscal year dated February 3, 2014 (copies of which may be obtained at www.sedar.com or www.sec.gov). Financial guidance is provided to assist investors and other interested parties in understanding WiLAN's performance. The reader is cautioned that using this information for any other purpose may be inappropriate.

The Company's revenues result primarily from the licensing of intellectual property which, by its very nature, is directly affected by the timing of the closure of license agreements, the nature and extent of specific licenses including actual rates, product sales by licensees which can be subject to seasonality as well as overall market demands and the timeliness of the receipt of licensee royalty reports. In addition, certain revenues may be of a one-time nature.

The above targets for the three month period ending September 30, 2014 reflect our current business indicators and expectations and are subject to fluctuations in foreign currency exchange rates. Due to their nature, certain income and expense items, such as significant license agreements with companies, brokerage opportunities, new litigation actions, contingent payments to licensing partners and litigation counsel that may be required from certain licenses signed in any particular quarter, losses on asset impairments or realized foreign exchange losses cannot be accurately forecast. Accordingly, we exclude forecasts of such items from our guidance. Actual revenues reported may exceed the revenue guidance provided due to the receipt of royalty reports, signing of new license agreements and completion of licensee audits, all after the guidance is provided. Actual expenses incurred may exceed the expense guidance provided due, in part, to contingent payments to licensing partners and litigation counsel that may be required from certain licenses signed during the quarter.

WiLAN's imperative is to negotiate the best possible license as measured over the long-term and accordingly, the timing of actual license signings may vary from that forecasted. Actual results may vary materially from the guidance provided as a consequence of the above noted factors.

Conference Call Information - July 30, 2014 - 10:00 AM ET

WiLAN will conduct a conference call to discuss its financial results today at 10:00 AM Eastern Time (ET). WiLAN CEO, Jim Skippen and CFO, Shaun McEwan will be on the call.

Calling Information

A live audio webcast will be available at http://www.investorcalendar.com/IC/CEPage.asp?ID=172942

--  To access the call from Canada and U.S., dial 1.877.407.0782 (Toll Free)
--  To access the call from other locations, dial 1.201.689.8567
    (International) 

Replay Information

The call will be available at http://www.investorcalendar.com/IC/CEPage.asp?ID=172942 and accessible by telephone until 11:59 PM ET on October 30, 2014.

Replay Number (Toll Free): 1.877.660.6853

Replay Number (International): 1.201.612.7415

Conference ID #: 13585851

About WiLAN

WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 285 companies worldwide. Inventions in our portfolio have been licensed by companies that manufacture or sell a wide range of communication and consumer electronics products including 3G and 4G handsets, Wi-Fi-enabled laptops, Wi-Fi and broadband routers, xDSL infrastructure equipment, cellular base stations and digital TV receivers. For more information: www.wilan.com.

Note

((i)) WiLAN follows GAAP in preparing its interim and annual financial statements. Adjusted Earnings are earnings from continuing operations before stock-based compensation expense, depreciation and amortization expense, interest expense, unrealized foreign exchange gains or losses, provision for income taxes and certain other non-cash, infrequent charges.

Forward-looking Information

This news release contains forward-looking statements and forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other United States and Canadian securities laws. The phrases "to increase the profitability and diversification of our business", "are expected to vary", "due to the variability", "contingent payments that may be required from licenses signed in any particular quarter", "expects revenue to be", "potential impact", "yet to be received", "may be signed", "conducted by", "are expected to be", "are signed", "is expected", "may differ", "may be", "can be", "expectations", "subject to", "cannot be accurately forecast", " may exceed", "the receipt", "signing of new license agreements", "completion of", "contingent payments to licensing partners and litigation counsel that may be required from licenses signed during the quarter", "to negotiate", "may vary", "will be", and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements and forward-looking information are based on estimates and assumptions made by WiLAN in light of its experience and its perception of historical trends, current conditions and expected future developments and the expected effects of new business strategies, as well as other factors that WiLAN believes are appropriate in the circumstances. Many factors could cause WiLAN's actual performance or achievements to differ materially from those expressed or implied by the forward-looking statements or forward-looking information. Such factors include, without limitation, the risks described in WiLAN's February 3, 2014 annual information form for the year ended December 31, 2013 (the "AIF"). Copies of the AIF may be obtained at www.sedar.com or www.sec.gov. WiLAN recommends that readers review and consider all of these risk factors and notes that readers should not place undue reliance on any of WiLAN's forward-looking statements. WiLAN has no intention and undertakes no obligation to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

All trademarks and brands mentioned in this release are the property of their respective owners.

Wi-LAN Inc.                                                                 
Condensed Consolidated Statements of Operations                             
(Unaudited)                                                                 
(in thousands of United States dollars, except share and per share amounts) 
                                                                            
                                                                            
                   Three months   Three months     Six months    Six months 
                          ended          ended          ended         ended 
                  June 30, 2014  June 30, 2013  June 30, 2014 June 30, 2013 
                 -----------------------------------------------------------
                 -----------------------------------------------------------
                                                                            
Revenue                                                                     
  Royalties        $     25,655   $     19,941   $     51,633  $     38,310 
                                                                            
Operating                                                                   
 expenses                                                                   
  Cost of revenue        14,472         24,172         29,102        45,445 
  Research and                                                              
   development              660            692          1,268         1,499 
  Marketing,                                                                
   general and                                                              
   administration         2,810          3,612          5,742         6,373 
  Foreign                                                                   
   exchange                                                                 
   (gain) loss           (1,112)         1,266            277         2,299 
                 -----------------------------------------------------------
  Total operating                                                           
   expenses              16,830         29,742         36,389        55,616 
                 -----------------------------------------------------------
Earnings (loss)                                                             
 from operations          8,825         (9,801)        15,244       (17,306)
  Investment                                                                
   income                   143            188            278           383 
                 -----------------------------------------------------------
Earnings (loss)                                                             
 before income                                                              
 taxes                    8,968         (9,613)        15,522       (16,923)
                                                                            
Provision for                                                               
 (recovery of)                                                              
 income tax                                                                 
 expense                                                                    
  Current                 1,338          1,293          2,780         2,594 
  Deferred                2,031         (3,274)         3,174        (5,451)
                 -----------------------------------------------------------
                          3,369         (1,981)         5,954        (2,857)
                 -----------------------------------------------------------
Net and                                                                     
 comprehensive                                                              
 income (loss)     $      5,599   $     (7,632)  $      9,568  $    (14,066)
                 -----------------------------------------------------------
                 -----------------------------------------------------------
                                                                            
Earnings (loss)                                                             
 per share                                                                  
  Basic            $       0.05   $      (0.06)  $       0.08  $      (0.12)
  Diluted          $       0.05   $      (0.06)  $       0.08  $      (0.12)
                                                                            
Weighted average                                                            
 number of common                                                           
 shares                                                                     
  Basic             120,065,465    121,225,490    119,991,276   121,384,394 
  Diluted           120,335,029    121,225,490    120,297,384   121,384,394 
                 -----------------------------------------------------------
                 -----------------------------------------------------------
                                                                            
                                                                            
                                                                            
Wi-LAN Inc.                                                                 
Condensed Consolidated Balance Sheets                                       
(Unaudited)                                                                 
(in thousands of United States dollars)                                     
                                                                            
                                                                            
As at                                             June 30,     December 31, 
                                                      2014             2013 
                                          ----------------------------------
                                          ----------------------------------
Current assets                                                              
  Cash and cash equivalents                  $     138,634    $     130,394 
  Short-term investments                             1,453            1,457 
  Accounts receivable                                4,641           11,999 
  Prepaid expenses and deposits                      1,352              592 
                                          ----------------------------------
                                                   146,080          144,442 
                                                                            
Loan receivable                                      1,167            1,075 
Furniture and equipment, net                         2,061            2,159 
Patents and other intangibles, net                 161,749          150,025 
Deferred tax asset                                  23,702           26,876 
Goodwill                                            12,623           12,623 
                                          ----------------------------------
                                             $     347,382    $     337,200 
                                          ----------------------------------
                                          ----------------------------------
                                                                            
Current liabilities                                                         
  Accounts payable and accrued liabilities   $      17,974    $      25,011 
  Current portion of patent finance                                         
   obligation                                       34,593           19,480 
                                          ----------------------------------
                                                    52,567           44,491 
                                                                            
Patent finance obligation                           33,777           32,552 
Success fee obligation                               5,230            7,048 
                                          ----------------------------------
                                                    91,574           84,091 
                                          ----------------------------------
                                                                            
Commitments and contingencies                                               
                                                                            
Shareholders' equity                                                        
  Capital stock                                    426,317          425,238 
  Additional paid-in capital                        15,380           14,635 
  Accumulated other comprehensive income            16,225           16,225 
  Deficit                                         (202,114)        (202,989)
                                          ----------------------------------
                                                   255,808          253,109 
                                          ----------------------------------
                                             $     347,382    $     337,200 
                                          ----------------------------------
                                          ----------------------------------
                                                                            
                                                                            
                                                                            
Wi-LAN Inc.                                                                 
Condensed Consolidated Statements of Cash Flow                              
(Unaudited)                                                                 
(in thousands of United States dollars)                                     
                                                                            
                                                                            
                         Three months  Three months  Six months  Six months 
                                ended         ended       ended       ended 
                             June 30,      June 30,    June 30,    June 30, 
                                 2014          2013        2014        2013 
                        ----------------------------------------------------
                        ----------------------------------------------------
Cash generated from                                                         
 (used in)                                                                  
Operations                                                                  
Net earnings (loss)       $     5,599   $    (7,632)  $   9,568   $ (14,066)
  Non-cash items                                                            
    Stock-based                                                             
     compensation                 470         1,168       1,217       2,139 
    Depreciation and                                                        
     amortization               8,524         6,516      17,141      13,219 
    Foreign exchange                                                        
     (gain) loss                 (480)          671           -       1,252 
    Disposal of assets              3             -           6           - 
    Disposal of patents             -             -           -          46 
    Deferred income tax                                                     
     expense (recovery)         2,031        (3,274)      3,174      (5,451)
    Accrued investment                                                      
     income                       (46)          (39)        (92)        (79)
  Change in non-cash                                                        
   working capital                                                          
   balances                                                                 
    Accounts receivable        (2,886)          584       7,358      (4,742)
    Prepaid expenses and                                                    
     deposits                     (45)         (283)       (760)       (367)
    Payments associated                                                     
     with success fee                                                       
     obligation                (1,335)         (659)     (2,409)     (2,172)
    Accounts payable and                                                    
     accrued liabilities          (64)        5,023      (2,040)      8,416 
                        ----------------------------------------------------
Cash generated from                                                         
 (used in) operations          11,771         2,075      33,163      (1,805)
                        ----------------------------------------------------
Financing                                                                   
  Dividends paid               (4,339)       (4,867)     (8,849)     (9,101)
  Common shares                                                             
   repurchased under                                                        
   normal course issuer                                                     
   bid                           (125)       (2,256)       (125)     (2,912)
  Common shares issued                                                      
   for cash on the                                                          
   exercise of options            592           117         643         478 
  Common shares issued                                                      
   for cash from                                                            
   Employee Share                                                           
   Purchase Plan                   89           102          89         102 
                        ----------------------------------------------------
Cash used in financing         (3,783)       (6,904)     (8,242)    (11,433)
                        ----------------------------------------------------
Investing                                                                   
  Sale of short-term                                                        
   investments                    (51)           91           4         143 
  Purchase of furniture                                                     
   and equipment                 (102)          (50)       (326)        (67)
  Purchase of patents                                                       
   and other intangibles      (10,669)       (2,327)    (16,359)     (3,015)
                        ----------------------------------------------------
Cash used in investing        (10,822)       (2,286)    (16,681)     (2,939)
                        ----------------------------------------------------
Foreign exchange gain                                                       
 (loss) on cash held in                                                     
 foreign currency                 480          (671)          -      (1,252)
                        ----------------------------------------------------
                                                                            
Net cash and cash                                                           
 equivalents generated                                                      
 (used) in the period          (2,354)       (7,786)      8,240     (17,429)
Cash and cash                                                               
 equivalents, beginning                                                     
 of period                    140,988       165,603     130,394     175,246 
                        ----------------------------------------------------
Cash and cash                                                               
 equivalents, end of                                                        
 period                   $   138,634   $   157,817   $ 138,634   $ 157,817 
                        ----------------------------------------------------
                        ----------------------------------------------------
                                                                            
                                                                            
                                                                            
Wi-LAN Inc.                                                                 
Reconciliation of GAAP Net Earnings to Adjusted Earnings                    
(in thousands of United States dollars, except share and per share amounts) 
                                                                            
                                                                            
                             Three months ended            Six months ended 
                    --------------------------------------------------------
                    --------------------------------------------------------
                         June 30,      June 30,      June 30,      June 30, 
                             2014          2013          2014          2013 
                    --------------------------------------------------------
                    --------------------------------------------------------
                                                                            
Net earnings (loss)                                                         
 under GAAP          $      5,599  $     (7,632) $      9,568  $    (14,066)
                                                                            
Adjusted for:                                                               
  Unrealized foreign                                                        
   exchange (gain)                                                          
   loss                    (1,342)        1,167          (493)        2,111 
  Depreciation and                                                          
   amortization             8,524         6,516        17,141        13,219 
  Stock based                                                               
   compensation               470         1,168         1,217         2,139 
  Loss (gain) on                                                            
   disposal of                                                              
   assets                       3             -             6            (7)
  Income tax expense                                                        
   (recovery)               3,369        (1,981)        5,954        (2,857)
                    --------------------------------------------------------
Adjusted earnings                                                           
 (loss)              $     16,623  $       (762) $     33,393  $        539 
                    --------------------------------------------------------
                    --------------------------------------------------------
                                                                            
                                                                            
Adjusted earnings                                                           
 (loss) per basic                                                           
 share               $       0.14  $      (0.01) $       0.28  $       0.00 
                                                                            
Weighted average                                                            
 number of common                                                           
 shares                                                                     
Basic                 120,065,465   121,225,490   119,991,276   121,384,394 

Contacts:
Shaun McEwan
Chief Financial Officer
O: 613.688.4898
C: 613.697.7159
E: [email protected]

Tyler Burns
Director, Investor Relations
O: 613.688.4330
C: 613.697.0367
E: [email protected]
www.wilan.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
SYS-CON Events announced today that Ryobi Systems will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ryobi Systems Co., Ltd., as an information service company, specialized in business support for local governments and medical industry. We are challenging to achive the precision farming with AI. For more information, visit http:...
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp em...
SYS-CON Events announced today that B2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. B2Cloud specializes in IoT devices for preventive and predictive maintenance in any kind of equipment retrieving data like Energy consumption, working time, temperature, humidity, pressure, etc.
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
SYS-CON Events announced today that mruby Forum will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. mruby is the lightweight implementation of the Ruby language. We introduce mruby and the mruby IoT framework that enhances development productivity. For more information, visit http://forum.mruby.org/.
SYS-CON Events announced today that SIGMA Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. uLaser flow inspection device from the Japanese top share to Global Standard! Then, make the best use of data to flip to next page. For more information, visit http://www.sigma-k.co.jp/en/.
SYS-CON Events announced today that Fusic will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Fusic Co. provides mocks as virtual IoT devices. You can customize mocks, and get any amount of data at any time in your test. For more information, visit https://fusic.co.jp/english/.
In his session at @ThingsExpo, Greg Gorman is the Director, IoT Developer Ecosystem, Watson IoT, will provide a short tutorial on Node-RED, a Node.js-based programming tool for wiring together hardware devices, APIs and online services in new and interesting ways. It provides a browser-based editor that makes it easy to wire together flows using a wide range of nodes in the palette that can be deployed to its runtime in a single-click. There is a large library of contributed nodes that help so...
SYS-CON Events announced today that Enroute Lab will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enroute Lab is an industrial design, research and development company of unmanned robotic vehicle system. For more information, please visit http://elab.co.jp/.
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
Real IoT production deployments running at scale are collecting sensor data from hundreds / thousands / millions of devices. The goal is to take business-critical actions on the real-time data and find insights from stored datasets. In his session at @ThingsExpo, John Walicki, Watson IoT Developer Advocate at IBM Cloud, will provide a fast-paced developer journey that follows the IoT sensor data from generation, to edge gateway, to edge analytics, to encryption, to the IBM Bluemix cloud, to Wa...
There is huge complexity in implementing a successful digital business that requires efficient on-premise and cloud back-end infrastructure, IT and Internet of Things (IoT) data, analytics, Machine Learning, Artificial Intelligence (AI) and Digital Applications. In the data center alone, there are physical and virtual infrastructures, multiple operating systems, multiple applications and new and emerging business and technological paradigms such as cloud computing and XaaS. And then there are pe...
SYS-CON Events announced today that Keisoku Research Consultant Co. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Keisoku Research Consultant, Co. offers research and consulting in a wide range of civil engineering-related fields from information construction to preservation of cultural properties. For more information, vi...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a mu...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
DevOps at Cloud Expo – being held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real r...