Click here to close now.

Welcome!

Wireless Authors: Dana Gardner, David Miller, Liz McMillan, Elizabeth White, Carmen Gonzalez

News Feed Item

WiLAN Reports Third Quarter 2012 Financial Results

OTTAWA, CANADA -- (Marketwire) -- 11/06/12 -- Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN)(NASDAQ:WILN) today announced financial results for the third quarter of fiscal year 2012 ended September 30, 2012. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated.

Third Quarter 2012 Highlights


--  Revenues of $21.3 million, exceeding our guidance of $19.9 million. 
--  Adjusted earnings(i) of $9.3 million, or 8 cents per share. 
--  Order issued consolidating two litigations involving Apple, HTC and
    other parties, beginning of trial proceedings against Apple and other
    parties advanced by six months. 
--  Signed a licensing partnership agreement with SENSIO Technologies Inc. 
--  Invested $19.0 million to acquire a portfolio of more than 150 patents
    and applications, with broad applicability to 4G infrastructure and
    handsets, from Alvarion Inc. 
--  Acquired a portfolio of more than 40 patents and applications from
    Siemens AG related to telecommunication network management and mobile
    multimedia. 
--  Returned $4.8 million to shareholders in dividend and share buyback
    payments. 
--  Generated $9.8 million in cash from operations. 
--  Held cash and cash equivalents and short-term investments of $173.2
    million at September 30, 2012. 

"WiLAN delivered strong financial performance in the third quarter of 2012," said Jim Skippen, President & CEO. "New license agreements signed in the quarter resulted in our revenue exceeding guidance."

Added Skippen, "We continued to invest in the future of our business with the purchase of a portfolio of 4G-related patents from Alvarion that we believe add significant value to prospective licensees of our wireless technology portfolio. True to our word that we are prepared to use litigation to encourage prospective licensees to come to the table for serious negotiations, we stepped up our litigation efforts early in the fourth quarter with the launching of four new litigations."

Eligible Dividend

The Board of Directors has declared an eligible dividend of CDN $0.035 per common share to be paid on January 7, 2012 to shareholders of record on December 14, 2012.

Third Quarter 2012 Revenue Review

In the three month period ended September 30, 2012, WiLAN generated revenues of $21.3 million, as compared to $27.8 million in the three month period ended September 30, 2011. The decrease in revenue compared to the prior year period is primarily attributable to the timing of fixed payment amounts as a result of the significant license agreements signed during the first quarter of 2011, some of which required payments that were one-time in nature and some of which had more significant upfront payments. For the three month period ended September 30, 2012, the top 10 licensees accounted for 86% of revenues, whereas the top 10 accounted for 80% of revenues in the three month period ended September 30, 2011.

Third Quarter 2012 Operating Expense Review

In the three month period ended September 30, 2012, cost of revenue totaled $7.7 million as compared to $7.2 million in the three month period ended September 30, 2011. For the nine month period ended September 30, 2012, cost of revenues totaled $22.1 million as compared to $19.6 million in the same period last year. The increase in expenses for the three and nine months ended September 30, 2012 is primarily attributable to an increase in compensation costs as a result of increased staffing levels, and amortization expense as a result of patent acquisitions we completed during fiscal 2011, partially offset by a decrease in royalties.


                                  Three months ended       Nine months ended
                            ------------------------------------------------
                               September   September   September   September
                                30, 2012    30, 2011    30, 2012    30, 2011
                            ------------------------------------------------
                                                                            
Patent licensing              $    1,018  $    1,591  $    3,175  $    3,335
Amortization of patents            6,413       5,456      18,264      15,784
Stock-based compensation             224         189         684         482
                            ------------------------------------------------
                              $    7,655  $    7,236  $   22,123  $   19,601
                            ------------------------------------------------

Marketing, general and administrative ("MG&A") expenses represent the cost of litigation and all corporate services. For the three months ended September 30, 2012, MG&A expenses amounted to $10.4 million as compared to $5.1 million for the three months ended September 30, 2011. The increase in spending for the three months ended September 30, 2012 is primarily attributable to an increase in litigation expenses partially offset by a decrease in incentive costs and stock-based compensation.


                                  Three months ended       Nine months ended
                            ------------------------------------------------
                               September   September   September   September
                                30, 2012    30, 2011    30, 2012    30, 2011
                            ------------------------------------------------
                                                                            
Non-litigation related                                                      
 Marketing, general and                                                     
 administrative costs         $    2,546  $    2,113  $    7,356  $    6,024
Litigation expense                 7,096       1,231      16,793      14,873
Incentive costs                        -         557           -       1,629
Asset write-off related to                                                  
 restructuring                         -           -         209           -
Depreciation                         104         123         376         322
Stock-based compensation             637       1,103       1,850       2,094
                            ------------------------------------------------
                              $   10,383  $    5,127  $   26,584  $   24,942
                            ------------------------------------------------

For the three months ended September 30, 2012, litigation expenses amounted to $7.1 million compared to $1.2 million for the same period last year. The increase in litigation expenses over the prior year period is partially attributable to an increased level of effort in three separate patent infringement litigations in the U.S. District Court for the Eastern District of Texas ("EDTX"). The increased level of effort was required in ongoing preparations for two Markman Hearings that are scheduled to take place in February 2013 and preparations for a trial that is scheduled to begin in April 2013. The increase in litigation expenses is also due to the conduct of proceedings in a patent infringement litigation in the U.S. District Court for the Southern District of Florida that was filed in January 2012 and preparation for litigations launched early in the fourth quarter of 2012.

Third Quarter 2012 Earnings Review

In the third quarter ended September 30, 2012, WiLAN generated adjusted earnings of $9.3 million or 8 cents per share as compared to $22.8 million, or 18 cents per share, in the comparative period. The decrease in adjusted earnings between the reporting periods is primarily attributable to lower revenues and higher investment in litigation, for the purpose of driving future revenue growth.

The Company's GAAP earnings were $2.2 million, or 2 cents per share on a basic level, in the three month period ended September 30, 2012, as compared to GAAP earnings of $7.3 million, or 6 cents per share on a basic level, in the same period last year.

Third Quarter 2012 Balance Sheet and Cash Flow Review

At September 30, 2012, the Company's net cash, comprised of cash and cash equivalents and short-term investments, totaled $173.2 million, representing a decrease of $260.5 million from the net cash position at December 30, 2011. The decrease is primarily attributable to the retirement of the Debenture, the acquisition of patents and other intangibles totaling $24.3 million, the returning of $26.1 million to shareholders in dividend and share buyback payments, offset by $28.1 million in cash generated from operations. The Company's cash equivalents and short-term investments include T-bills, term deposits and GICs.

During the third quarter ended September 30, 2012, the Company generated $9.8 million of cash from operations and returned $4.8 million to shareholders in share buyback and dividend payments.

Fourth Quarter 2012 Financial Guidance

For the fourth quarter 2012 ending December 31, 2012, the Company expects revenue to be at least $20.7 million. This revenue guidance does not include the potential impact of any new agreements that may be signed during the balance of the fourth quarter of 2012 or the potential impact of any royalties identified in audits conducted by the Company. Operating expenses for the fourth quarter are expected to be in the range of $12.8 million to $14.5 million of which $7.7 million to $8.7 million is expected to be litigation expense. For the fourth quarter of 2012, and assuming no additional agreements are signed, adjusted earnings are expected to be in the range of $6.2 million to $7.9 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 AIF for the 2011 fiscal year dated March 9, 2012 (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 guidance for the three month period ended December 31, 2012 reflects our current business indicators and expectations and is subject to fluctuations in foreign currency exchange rates. Due to their nature, certain income and expense items, such as significant settlements from companies involved in current enforcement actions, brokerage opportunities, new significant litigation or defense actions that could arise during the 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 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.

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 - November 6, 2012 - 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=169807


--  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=169807 and accessible by telephone until 11:59 PM ET on February 6, 2013.


--  Replay Number (Toll Free): 1.877.660.6853 
--  Replay Number (International): 1.201.612.7415 
--  Replay passcode (Conference ID #): 401095 

About WiLAN

WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 260 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 television receivers. WiLAN has a large and growing portfolio of more than 3,000 issued or pending patents. 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, one-time, or non-recurring 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 "we believe", "Company expects", "to be", "potential impact", "may be", "may differ", "are expected", "is expected", "may exceed", "may vary" 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, 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 March 9, 2012 annual information form for the year ended December 31, 2011 (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          Three                               
                        months         months    Nine months    Nine months 
                         ended          ended          ended          ended 
                     September      September      September  September 30, 
                      30, 2012       30, 2011       30, 2012           2011 
                 -------------- -------------- -------------- --------------
                 -------------- -------------- -------------- --------------
                                                                            
Revenue                                                                     
 Royalties        $     21,293   $     26,825   $     66,777   $     80,589 
 Brokerage                   -            996              -            996 
                 -------------- -------------- -------------- --------------
 Total Revenue    $     21,293   $     27,821   $     66,777   $     81,585 
                                                                            
Operating                                                                   
 expenses                                                                   
 Cost of revenue         7,655          7,236         22,123         19,601 
 Research and                                                               
  development            1,873          2,168          6,624          5,268 
 Marketing,                                                                 
  general and                                                               
  administration        10,383          5,127         26,584         24,942 
 Realized                                                                   
  foreign                                                                   
  exchange gain            (72)        (1,706)           (92)        (1,302)
 Unrealized                                                                 
  foreign                                                                   
  exchange                                                                  
  (gain) loss           (1,189)        12,692         (5,460)         9,830 
 Restructuring                                                              
  charges                    -              -            418              - 
                 -------------- -------------- -------------- --------------
 Total operating                                                            
  expenses              18,650         25,517         50,197         58,339 
                 -------------- -------------- -------------- --------------
Earnings from                                                               
 operations              2,643          2,304         16,580         23,246 
 Investment                                                                 
  income                   161          2,246          1,065          3,028 
 Interest                                                                   
  expense                    -           (808)        (1,126)          (808)
 Transaction                                                                
  costs                      -         (1,245)             -         (1,245)
 Debenture                                                                  
  financing, net             -          4,344        (31,138)         4,344 
                 -------------- -------------- -------------- --------------
Earnings (loss)                                                             
 before income                                                              
 taxes                   2,804          6,841        (14,619)        28,565 
                                                                            
                                                                            
Provision for                                                               
 (recovery of)                                                              
 income tax                                                                 
 expense                                                                    
 Current                 1,138            908          3,060          2,632 
 Deferred                 (493)        (1,384)        (5,278)       (11,482)
                 -------------- -------------- -------------- --------------
                           645           (476)        (2,218)        (8,850)
                 -------------- -------------- -------------- --------------
Net earnings                                                                
 (loss)                  2,159          7,317        (12,401)        37,415 
                                                                            
Other                                                                       
 comprehensive                                                              
 income                                                                     
 Cumulative                                                                 
  translation                                                               
  adjustment                 -              -              -         (9,830)
                 -------------- -------------- -------------- --------------
Comprehensive                                                               
 income (loss)    $      2,159   $      7,317   $    (12,401)  $     27,585 
                 -------------- -------------- -------------- --------------
                 -------------- -------------- -------------- --------------
                                                                            
                                                                            
Earnings (loss)                                                             
 per share                                                                  
 Basic            $       0.02   $       0.06   $      (0.10)  $       0.31 
 Diluted          $       0.02   $       0.06   $      (0.10)  $       0.30 
                                                                            
                                                                            
Weighted average                                                            
 number of                                                                  
 common shares                                                              
 Basic             121,225,793    123,443,900    121,459,574    120,994,489 
 Diluted           122,086,343    125,618,973    121,459,574    123,488,133 
                 -------------- -------------- -------------- --------------
                 -------------- -------------- -------------- --------------
                                                                            
                                                                            
                                                                            
Wi-LAN Inc.                                                                 
Condensed Consolidated Balance Sheets                                       
(Unaudited)                                                                 
(in thousands of United States dollars)                                     
                                                                          
                                         September 30,       December 31, 
As at                                             2012               2011 
                                    -------------------  -----------------
                                    -------------------  -----------------
Current assets                                                            
  Cash and cash equivalents          $         171,553   $        432,186 
  Short-term investments                         1,617              1,524 
  Accounts receivable                            2,656              2,153 
  Prepaid expenses and deposits                  1,020                290 
  Deferred financing costs                           -              1,716 
                                    -------------------  -----------------
                                               176,846            437,869 
                                                                          
                                                                          
Furniture and equipment, net                     1,233              1,769 
Patents and other intangibles, net             122,910            118,645 
Deferred tax asset                              21,512             18,086 
Goodwill                                        12,623             12,623 
                                    -------------------  -----------------
                                     $         335,124   $        588,992 
                                    -------------------  -----------------
                                    -------------------  -----------------
                                                                          
                                                                          
Current liabilities                                                       
  Accounts payable and accrued                                            
   liabilities                       $          20,342   $         22,169 
  Due to related party                               -              7,102 
  Current portion of patent finance                                       
   obligation                                    2,547              2,458 
  Deferred tax liability                             -              1,851 
  Debentures                                         -            203,855 
                                    -------------------  -----------------
                                                22,889            237,435 
                                                                          
                                                                          
Patent finance obligation                        3,288              5,189 
Success fee obligation                          11,864             15,212 
                                    -------------------  -----------------
                                                38,041            257,836 
                                    -------------------  -----------------
                                                                          
                                                                          
Commitments and contingencies                                             
                                                                          
                                                                          
Shareholders' equity                                                      
  Capital stock                                430,207            436,606 
  Additional paid-in capital                    10,364             14,061 
  Accumulated other comprehensive                                         
   income                                       16,225             16,225 
  Deficit                                     (159,713)          (135,736)
                                    -------------------  -----------------
                                               297,083            331,156 
                                    -------------------  -----------------
                                     $         335,124   $        588,992 
                                    -------------------  -----------------
                                    -------------------  -----------------
                                                                            
                                                                            
                                                                            
Wi-LAN Inc.                                                                 
Condensed Consolidated Statements of Cash Flow                              
(Unaudited)                                                                 
(in thousands of United States dollars)                                     
                                                                            
                            Three         Three          Nine          Nine 
                           months        months        months        months 
                            ended         ended         ended         ended 
                        September     September     September     September 
                         30, 2012      30, 2011      30, 2012      30, 2011 
                     ------------- ------------- ------------- -------------
                     ------------- ------------- ------------- -------------
Cash generated from                                                         
 (used in)                                                                  
Operations                                                                  
Net earnings (loss)   $     2,159   $     7,317   $   (12,401)  $    37,415 
 Non-cash items                                                             
  Stock-based                                                               
   compensation             1,024         1,515         2,955         3,046 
  Depreciation and                                                          
   amortization             6,621         5,667        18,959        16,269 
  Unrealized foreign                                                        
   exchange gain on                                                         
   debenture                    -       (17,285)            -       (17,285)
  Foreign exchange                                                          
   (gain) loss             (1,000)       22,454           130        25,659 
  Deferred financing                                                        
   costs                        -         3,649         1,746         3,649 
  Accretion of debt                                                         
   discount                     -           537        25,175           537 
  Disposal of assets            -           703           209           703 
  Deferred income                                                           
   tax recovery              (493)       (1,384)       (5,278)      (11,482)
                     ------------- ------------- ------------- -------------
                            8,311        23,173        31,495        58,511 
 Change in non-cash                                                         
  working capital                                                           
  balances                                                                  
  Accounts                                                                  
   receivable              (1,547)       (3,656)         (503)       (5,394)
  Prepaid expenses                                                          
   and deposits               485           210          (730)         (289)
  Accounts payable                                                          
   and accrued                                                              
   liabilities              2,585          (905)        4,986         1,682 
  Due to related                                                            
   party                        -             -        (7,102)            - 
                     ------------- ------------- ------------- -------------
Cash generated from                                                         
 operations                 9,834        18,822        28,146        54,510 
                     ------------- ------------- ------------- -------------
Financing                                                                   
 Proceeds on sale of                                                        
  common shares, net            -           (87)            -        71,948 
 Dividends paid            (3,663)       (3,148)      (10,383)       (7,555)
 Success fee                                                                
  obligation               (1,609)            -       (11,354)            - 
 Proceeds from                                                              
  issuance                                                                  
  (repayment) of                                                            
  convertible                                                               
  debentures                    -       220,565      (233,247)      220,565 
 Internally                                                                 
  restricted cash               -      (220,565)            -      (220,565)
 Common shares                                                              
  repurchased under                                                         
  normal course                                                             
  issuer bid               (1,092)            -       (15,729)            - 
 Common shares                                                              
  issued for cash on                                                        
  the exercise of                                                           
  options                     568           732         2,562         5,702 
 Common shares                                                              
  issued for cash                                                           
  from Employee                                                             
  Share Purchase                                                            
  Plan                          -             -           116            87 
                     ------------- ------------- ------------- -------------
Cash (used in)                                                              
 generated from                                                             
 financing                 (5,796)       (2,503)     (268,035)       70,182 
                     ------------- ------------- ------------- -------------
Investing                                                                   
 Sale (purchase) of                                                         
  short-term                                                                
  investments                 (55)       21,018           (93)       18,172 
 Purchase of                                                                
  furniture and                                                             
  equipment                   (38)         (660)         (369)       (1,614)
 Purchase of patents                                                        
  and other                                                                 
  intangibles             (22,963)         (689)      (24,340)      (10,054)
                     ------------- ------------- ------------- -------------
Cash (used in)                                                              
 generated from                                                             
 investing                (23,056)       19,669       (24,802)        6,504 
                     ------------- ------------- ------------- -------------
Foreign exchange                                                            
 gain (loss) on cash                                                        
 held in foreign                                                            
 currency                   1,000       (22,454)        4,058       (25,659)
                     ------------- ------------- ------------- -------------
                                                                            
Net cash and cash                                                           
 equivalents (used                                                          
 in) generated in                                                           
 the period               (18,018)       13,534      (260,633)      105,537 
Cash and cash                                                               
 equivalents,                                                               
 beginning of period      189,571       174,639       432,186        82,636 
                     ------------- ------------- ------------- -------------
Cash and cash                                                               
 equivalents, end of                                                        
 period               $   171,553   $   188,173   $   171,553   $   188,173 
                     ------------- ------------- ------------- -------------
                     ------------- ------------- ------------- -------------
                                                                            
                                                                            
                                                                            
Wi-LAN Inc.                                                                 
Reconciliation of GAAP Net Earnings to Adjusted Earnings                    
(Unaudited)                                                                 
(in thousands of United States dollars, except share and per share amounts) 
                                                                            
                         Three          Three                               
                        months         months    Nine months    Nine months 
                         ended          ended          ended          ended 
                     September      September      September      September 
                      30, 2012       30, 2011       30, 2012       30, 2011 
                 -------------- -------------- -------------- --------------
                 -------------- -------------- -------------- --------------
                                                                            
Net earnings                                                                
 (loss) under                                                               
 GAAP             $      2,159   $      7,317   $    (12,401)  $     37,415 
                                                                            
Adjusted for:                                                               
  Unrealized                                                                
   foreign                                                                  
   exchange                                                                 
   (gain) loss          (1,189)        12,692         (5,460)         9,830 
  Depreciation                                                              
   and                                                                      
   amortization          6,621          5,667         18,959         16,269 
  Stock based                                                               
   compensation          1,024          1,515          2,955          3,046 
  Restructuring                                                             
   and other one                                                            
   time charges              -            285            418            285 
  Asset write-                                                              
   off related                                                              
   to                                                                       
   restructuring             -              -            209              - 
  Interest                                                                  
   expense                   -            808          1,126            808 
  Transaction                                                               
   costs                     -          1,245              -          1,245 
  Investment                                                                
   income                    -         (1,940)             -         (2,073)
  Debenture                                                                 
   financing,                                                               
   net                       -         (4,344)        31,138         (4,344)
  Income tax                                                                
   expense                                                                  
   (recovery)              645           (476)        (2,218)        (8,850)
                 -------------- -------------- -------------- --------------
Adjusted                                                                    
 earnings         $      9,260   $     22,769   $     34,726   $     53,631 
                 -------------- -------------- -------------- --------------
                 -------------- -------------- -------------- --------------
                                                                            
                                                                            
                                                                            
Adjusted                                                                    
 earnings per                                                               
 basic share      $       0.08   $       0.18   $       0.29   $       0.44 
                                                                            
Weighted average                                                            
 number of                                                                  
 common shares                                                              
  Basic            121,225,793    123,443,900    121,459,574    120,994,489 
  Diluted          122,086,343    125,618,973    121,459,574    123,488,133 
                 -------------- -------------- -------------- --------------

Contacts:
Media inquiries:
Kathryn Hughes
Director, Marketing & Communications
O: 613.688.4897
C: 613.898.6781
[email protected]

Investor inquiries:
Shaun McEwan
Chief Financial Officer
O: 613.688.4898
C: 613.697.7159
[email protected]

Tyler Burns
Director, Investor Relations
O: 613.688.4330
C: 613.697.0367
[email protected]

More Stories By Marketwired .

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

@ThingsExpo Stories
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. According to a recent IDG Research Services Survey this rate of traffic will only grow. What's driving t...
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use cases.
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, including what it is today, what it might ultimately be, the role of wearable tech, and technology gaps stil...
One of the biggest impacts of the Internet of Things is and will continue to be on data; specifically data volume, management and usage. Companies are scrambling to adapt to this new and unpredictable data reality with legacy infrastructure that cannot handle the speed and volume of data. In his session at @ThingsExpo, Don DeLoach, CEO and president of Infobright, will discuss how companies need to rethink their data infrastructure to participate in the IoT, including: Data storage: Understanding the kinds of data: structured, unstructured, big/small? Analytics: What kinds and how responsiv...
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
Advanced Persistent Threats (APTs) are increasing at an unprecedented rate. The threat landscape of today is drastically different than just a few years ago. Attacks are much more organized and sophisticated. They are harder to detect and even harder to anticipate. In the foreseeable future it's going to get a whole lot harder. Everything you know today will change. Keeping up with this changing landscape is already a daunting task. Your organization needs to use the latest tools, methods and expertise to guard against those threats. But will that be enough? In the foreseeable future attacks w...
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
Cloud is not a commodity. And no matter what you call it, computing doesn’t come out of the sky. It comes from physical hardware inside brick and mortar facilities connected by hundreds of miles of networking cable. And no two clouds are built the same way. SoftLayer gives you the highest performing cloud infrastructure available. One platform that takes data centers around the world that are full of the widest range of cloud computing options, and then integrates and automates everything. Join SoftLayer on June 9 at 16th Cloud Expo to learn about IBM Cloud's SoftLayer platform, explore se...
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionality and provide short-term introductory projects that developers can complete between sessions.
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo – to be held June 9-11, 2015, at the Javits Center in New York City, NY – is now accepting Hackathon proposals. Hackathon sponsorship benefits include general brand exposure and increasing engagement with the developer ecosystem. At Cloud Expo 2014 Silicon Valley, IBM held the Bluemix Developer Playground on November 5 and ElasticBox held the DevOps Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of...
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
In the consumer IoT, everything is new, and the IT world of bits and bytes holds sway. But industrial and commercial realms encompass operational technology (OT) that has been around for 25 or 50 years. This grittier, pre-IP, more hands-on world has much to gain from Industrial IoT (IIoT) applications and principles. But adding sensors and wireless connectivity won’t work in environments that demand unwavering reliability and performance. In his session at @ThingsExpo, Ron Sege, CEO of Echelon, will discuss how as enterprise IT embraces other IoT-related technology trends, enterprises with i...
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
We’re no longer looking to the future for the IoT wave. It’s no longer a distant dream but a reality that has arrived. It’s now time to make sure the industry is in alignment to meet the IoT growing pains – cooperate and collaborate as well as innovate. In his session at @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine the key ingredients to IoT success and identify solutions to challenges the industry is facing. The deep industry expertise behind this presentation will provide attendees with a leading edge view of rapidly emerging IoT oppor...
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focused on understanding how industrial data can create intelligence for industrial operations. Imagine ...
SYS-CON Events announced today that Liaison Technologies, a leading provider of data management and integration cloud services and solutions, has been named "Silver Sponsor" of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York, NY. Liaison Technologies is a recognized market leader in providing cloud-enabled data integration and data management solutions to break down complex information barriers, enabling enterprises to make smarter decisions, faster.
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal today!
Collecting data in the field and configuring multitudes of unique devices is a time-consuming, labor-intensive process that can stretch IT resources. Horan & Bird [H&B], Australia’s fifth-largest Solar Panel Installer, wanted to automate sensor data collection and monitoring from its solar panels and integrate the data with its business and marketing systems. After data was collected and structured, two major areas needed to be addressed: improving developer workflows and extending access to a business application to multiple users (multi-tenancy). Docker, a container technology, was used to ...