Tag Archive: insurance


News Release and Early Warning Report Filed Under National Instrument 62-103

Filed Under: Insurance News
May.18, 2012

1. Name and address of the offeror.       Adrian Lungan
Alpha Prime Investments Limited
c/o DDM Capital (Hong Kong) Ltd.
Unit 2901, 39th Floor
Far East Finance Centre
16 Harcourt Road Hong Kong   (together, the “Offeror“)     2. The designation and number or principal amount of securities and the
Offeror’s securityholding percentage in the class of securities of
which the Offeror acquired ownership or control in the transaction or
occurrence giving rise to the obligation to file the news release, and
whether it was ownership or control that was acquired in those
circumstances.       On May 18, 2012, but dated effective May 4, 2012, the Offeror acquired
(the “Acquisition“) beneficial ownership and control of 12,619,863 common shares (the “Shares“) of Sparton Resources Inc. (the “Company“). The Shares represent approximately 11.33% of the outstanding common
shares of the Company based upon the 98,755,597 common shares stated to
be issued and outstanding as of April 30, 2012 by the Company in its
Management Discussion and Analysis filed on SEDAR on April 30, 2012 for
the year ended December 31, 2011 plus the Shares issued to the Offeror
(the “Common Shares“).     3. The designation and number or principal amount of securities and the
Offeror’s securityholding percentage in the class of securities
immediately after the transaction or occurrence giving rise to the
obligation to file a news release.       After giving effect to the Acquisition, the Offeror beneficially owns
and controls 17,985,529 Common Shares, representing approximately
16.15% of the outstanding Common Shares.     4. The designation and number or principal amount of securities and the
percentage of outstanding securities of the class of securities
referred to in paragraph 3 over which:       (i)     the Offeror, either alone or together with joint actors, has ownership
and control,       17,985,529 Common Shares, representing approximately 16.15% of the
outstanding Common Shares.       (ii)     the Offeror, either alone or together with joint actors, has ownership
but control is held by other persons or companies other than the
Offeror or any joint actor,       Not applicable.       (iii)     the Offeror, either alone or together with joint actors, has exclusive
or shared control but does not have ownership.       Not applicable.     5. The name of the market in which the transaction or occurrence that gave
rise to the news release took place.       Not applicable.     6. The value, in Canadian dollars, of any consideration offered per
security if the Offeror acquired ownership of a security in the
transaction or occurrence giving rise to the obligation to file a news
release.       Not applicable.     7. The purpose of the Offeror and any joint actors in effecting the
transaction or occurrence that gave rise to the news release, including
any future intention to acquire ownership of, or control over,
additional securities of the reporting issuer.       The Offeror may consider the feasibility and advisability of various
alternative courses of action with respect to its investment in the
Company and the Offeror reserves its right to,  subject to applicable
securities laws: (i) hold the Shares as a passive investor or as an
active investor (whether or not as a “joint actor” with other holders
of Common Shares); (ii) acquire from time to time and at any time,
additional Common Shares in the open market or otherwise; (iii) dispose
of any or all of its Common Shares, including the Shares, in the open
market or otherwise, at any time and from time to time; or (iv) change
its intention with respect to any or all of the matters referred to in
this Section 7.  The Offeror’s decisions will depend on a number of
factors, including market conditions, the actions of the Company, the
Offeror’s evaluation of the Company and its actions and other factors
relevant to its investment decisions.       Representatives of the Offeror have had discussions with the Company and
intend from time to time to seek to continue to have discussions with
representatives of the Company, and, in compliance with the Business Corporations Act (Ontario), the Offeror has made a shareholder proposal to the Company
with respect to the Company’s board of directors to be included in the
Management Information Circular to be delivered by the Company to its
shareholders in connection with the Company’s next annual meeting of
shareholders.     8. The general nature and the material terms of any agreement, other than
lending arrangements, with respect to securities of the reporting
issuer, entered into by the Offeror, or any joint actor, and the issuer
of the securities or any other entity in connection with the
transaction or occurrence giving rise to the news release, including
agreements with respect to the acquisition, holding, disposition or
voting of any securities.       The Offeror and Sparton International Holdings Inc., a subsidiary of the
Company, entered into a Share Transfer Agreement dated March 8, 2011
(the “Share Transfer Agreement”), pursuant to which the Offeror
obtained an option (the “Option”) to convert the 6,057,534 ordinary
shares of VanSpar Mining Inc., a subsidiary of the Company, that the
Offeror acquired under the Share Transfer Agreement (the “VanSpar
Shares”) into common shares of the Company upon the occurrence of
specified events.     9. The names of any joint actors in connection with the disclosure required
by this form.       Not applicable.     10. In the case of a transaction or occurrence that did not take place on a
stock exchange or other market that represents a published market for
the securities, including an issuance from treasury, the nature and
value in Canadian dollars of the consideration paid by the Offeror.       The Offeror was issued the Shares from treasury pursuant to its exercise
of the Option.  The Offeror surrendered its VanSpar Shares in
consideration for the issuance of the Shares, and, notwithstanding the
current market price of the Common Shares on the TSX Venture Exchange,
the Share Transfer Agreement deems the conversion price to have been
$0.12 per Share.     11. If applicable, a description of any change in any material fact set out
in a previous report by the entity under the early warning requirements
or Part 4 of National Instrument 62-103 in respect of the reporting
issuer’s securities.       Not applicable.     12. If applicable, a description of the exemption from securities
legislation being relied on by the Offeror and the facts supporting
that reliance.       Not applicable.

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Microsoft Announces Return of PC and Xbox 360 Offer for Students

Filed Under: Insurance News
May.18, 2012


REDMOND, Wash., May 18, 2012 /NEWS.GNOM.ES/ — Microsoft Corp. today announced the return of its successful student offer that allows students buying a qualifying Windows 7-based PC to also get a free Xbox 360 4GB console. The offer is available for current students while supplies last, starting May 20 at participating retailers in the U.S.; a similar offer will be available starting May 18 at participating retailers in Canada. Terms and conditions will vary by participating retailer.

(Logo: http://photos.NEWS.GNOM.ES.com/prnh/20000822/MSFTLOGO)

Together, a Windows 7-based PC and an Xbox 360 console provide students the functionality they need for school while also helping them stay connected to friends and family far away. To take advantage of this offer, students or their parents must provide valid student identification as defined by the participating retailer. Participating retailers may change over the course of the promotion, but will include Best Buy, Fry’s Electronics, Dell.com, HPDirect.com, Microsoft Stores and NewEgg.com in the U.S., and Best Buy, Dell.ca, Future Shop, Staples and The Source in Canada.

Windows 7-based PCs come in a wide variety of styles, sizes and colors; many new thin and light options such as the Dell XPS 13, HP ENVY15 and Samsung Series 5 ULTRA boast high-definition displays and fast boot-up times, and are super lightweight for great mobility. With an Xbox 360 console, students can have fun gaming while also enjoying a range of entertainment options, including streaming videos, sports, music and more.

Customers can check with participating retailers for more information about this offer.

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

SOURCE Microsoft Corp.


http://www.microsoft.com

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Postal Service revises schedule for facility consolidations

Filed Under: Insurance News
May.17, 2012

In its second change of course this month, the U.S. Postal Service revised its strategy for consolidating facilities, incorporating a slower, more incremental approach than previously planned.

USPS announced a new strategy Thursday that phases in postal facility consolidations over two years. The agency will pursue consolidations in 140 locations by the spring of 2013 — a move it hopes will bring $1.2 billion in savings annually. Phase 2 of the new plan, slated to be completed by the spring of 2014, will involve streamlining an additional 89 locations for a total of $2.1 billion in savings annually, USPS officials said.

“To return to long-term profitability and financial stability while keeping mail affordable, we must match our network to the anticipated workload,” Postmaster General Patrick Donahoe said Thursday. “Our current plan meets our cost reduction goals, ensures seamless and excellent service performance throughout the implementation period, and provides adequate time for our customers to adapt to our network changes.”

The new plan will reduce the size of the USPS workforce by about 13,000 employees. The agency emphasized its commitment to avoiding layoffs and providing options for remaining within the Postal Service to employees at downsized plants.

The agency had proposed consolidating 150 facilities in 2012 and 114 locations in 2013. Earlier this month officials announced a plan allowing USPS to avoid closing rural post offices, and mentioned the agency would offer a $20,000 early-out incentive for full-time career postmasters and give some employees the option of working reduced hours. About 158,000 postal employees are currently eligible for retirement.

As part of the strategy unveiled Thursday, USPS also will issue a new rule in the Federal Register modifying service standards for overnight delivery that by 2014 would “initially shrink the geographic reach of overnight service to local areas and enable consolidation activity in 2013,” USPS said in a statement Thursday. The service will be able to maintain most local next-day delivery through 2013.

The Postal Service will begin Phase 1 this summer at 48 locations, but will suspend consolidations between September and December to accommodate election volume.

“We will never stop looking for opportunities to optimize our network,” USPS Chief Operating Officer Megan Brennan told reporters Thursday. “[The new plan] stretches the time frame and gives customers time to plan and adapt.”

“Consolidations” do not necessarily mean closures, Brennan told reporters. The agency says consolidations “mostly involve transferring mail-processing operations from smaller to larger facilities.”

About 5,000 employees affected by the consolidations will be notified next week.

The second phase of the strategy — 89 additional consolidations beginning in February 2014 — is conditional upon “the circumstances of the Postal Service,” USPS officials said. The agency still is waiting on legislators to help it sort out its financial woes. One plan would relieve some of the burden of the agency’s obligations to prepay retiree health benefits. Proponents of the Senate bill argue that fixing this should be the primary focus — not closures and consolidations.

“Today’s proposal does not address the Postal Service’s two upcoming payments of $5.5 billion for its future retiree health care fund, its past overpayments of $411 billion into the Federal Employee Retirement System, or the need to significantly downsize the postal workforce,” Sen. Tom Carper, D-Del., co-sponsor of the Senate bill said in a statement Thursday. “Only comprehensive, long-term reform of the Postal Service can address these . . . and that reform can only come from Congress.”

The House has yet to take up its key postal reform proposal, which advocates deeper cuts, consolidations and closures.

The National Association of Letter Carriers used Thursday’s announcement to continue to press USPS and lawmakers for a reform plan that would help alleviate the prefunding requirement.

“Since $3.1 billion of the reported $3.2 billion loss in the most recent fiscal quarter stems from prefunding future retiree health benefits . . . the USPS and congressional response ought to address the actual problem,” NALC President Fredric Rolando said in a statement. “Dismantling the network and reducing services to Americans and their businesses is not a business plan.”

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Another 34 companies pledge to hire more military spouses

Filed Under: Insurance News
May.17, 2012

More private sector companies have pledged to hire military spouses through a year-old government program.

The Defense Department’s Military Spouse Employment Partnership will add 34 private sector companies to the 96 current employment partners that have pledged to hire more military spouses.

The partnership began in June 2011 as part of Michelle Obama and Jill Biden’s military family service initiative Joining Forces, and 22,000 military spouses have been hired at participating companies since the partnership began, according to a press release.

In a conference call Thursday, Rob Gordon, deputy assistant secretary of Defense for military community and family policy, said the additional companies will be looking to hire for positions that “are quite career-focused” and they will have personnel dedicated to making sure spouses will be hired and reported.

“We see day in and day out an expanded number of companies that are specifically looking to hire spouses and veterans,” Brad Cooper, executive director of Joining Forces, said during the conference call. “Now it’s just a more deliberate, focused effort.”

Cooper said, “a really small portion” of the companies joining the pledge are in the defense domain. According to the descriptions of the companies provided in the press release, 10 of the 34 companies either base their business around service to military and military families (such as military health care provider Triwest) or are comprised primarily of spouses or veterans (such as The Major Group).

Applicants with a military spouse identification card are eligible to participate in the partnership by checking a box on the application indicating their status. Same-sex domestic partners of military personnel, because they are not recognized as military spouses by the federal government, are not eligible for the partnership.

“As far as the military is concerned anything issued by the military to spouses does not apply to you,” said Jonathan Hopkins, director of Washington operations for LGBT military network OutServe.

Gordon said during the conference call the program was intended for “spouses who are ID cardholders.”

The response to the partnership expansion was positive elsewhere in the military community. “Any attention that we can get on the issue of military spouse employment is a good thing,” said AnnaMaria White, spokeswoman for military family-focused nonprofit Blue Star Families. She praised the partnership’s efforts to reach out to a range of experience levels.

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How to Lead Massive Change

Filed Under: Insurance News
May.17, 2012

ARCHIVES

Podcast: Play in new window/Download

Sondra Barbour is the chief information officer and senior vice president of enterprise business services at Lockheed Martin. She’s a company veteran and change leader who has taken on increasingly responsible positions over the course of her career. I spoke with her recently about what she’s learned along the way. Some of the highlights from our conversation include:

  • Leading Massive Change: When leading change, Barbour focuses on the connection between two key factors: communication and identifying the influencers. She notes that the influencers are “sometimes not the people you think” they would be. Once you find them, you have to establish two-way communication with them.
  • Get Comfortable with Mistakes: Leading change means you’re going to make mistakes. Barbour says, “You can’t be right 100% of the time, and if you are then you are not taking enough risk.” When a mistake is made, call it out and let your team know what you’re going to do to correct it.
  • Maintaining Your Sanity: Leading massive change can be stressful. Barbour has learned that it’s important to take time for yourself in whatever ways work for you. She’s not a disciple of work/life balance. Instead, she believes fun and fulfillment can and should be had in both arenas.

Barbour has a lot more to say about change leadership in the accompanying podcast.

Play Podcast

Executive coach Scott Eblin’s goal is to help you succeed at the next level of leadership. Throughout the week, he’ll offer his take on the leadership lessons in the news and his advice on your most pressing leadership questions. A former government executive, Scott is a graduate of Harvard’s Kennedy School of Government and is the author of The Next Level: What Insiders Know About Executive Success.

Want to contribute to this story? Share your addition in comments.

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AIG, Allstate, others on ResCap creditor committee

Filed Under: Insurance News
May.17, 2012

NEWS.GNOM.ES – 

(NEWS.GNOM.ES) – Nine creditors of Residential Capital LLC, including the insurers American International Group Inc and Allstate Corp, were selected to join the unsecured creditors committee for the mortgage lender’s bankruptcy.

The members were identified in a Wednesday night filing with the U.S. bankruptcy court in Manhattan, two days after ResCap, a unit of Ally Financial Inc, filed for Chapter 11 protection.

Other committee members include Bank of New York Mellon Corp, Deutsche Bank AG, bond insurers Financial Guaranty Insurance Co and MBIA Inc, the Wilmington Trust unit of M&T Bank Corp and US Bancorp.

Also on the committee is a representative for plaintiffs in separate mortgage lending litigation.

The members were appointed by the Office of the U.S. Trustee, a Justice Department division that oversees bankruptcies.

They will negotiate on behalf of other ResCap unsecured creditors, and can examine a debtor’s conduct and operations.

ResCap filed for bankruptcy on May 14 after years of losses on subprime and other home loans it made. It had once been one of the 10 largest U.S. mortgage lenders.

The U.S. Treasury Department owns nearly 74 percent of Ally, which did not seek court protection.

The case is In re: Residential Capital LLC, U.S. Bankruptcy Court, Southern District of New York, No. 12-12020.

(Reporting By Jonathan Stempel in New York; Editing by Ramya Venugopal)

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Ukraine IT Market Leader Incom Gets Connected With Microsoft Dynamics CRM

Filed Under: Insurance News
May.17, 2012


KYIV, Ukraine, May 16, 2012 /NEWS.GNOM.ES/ — Incom Co., a leader in the Ukraine IT market, has implemented Microsoft Dynamics CRM to fit the needs of different business units and connect with the company’s information systems.

(Logo: http://photos.NEWS.GNOM.ES.com/prnh/20000822/MSFTLOGO)

As a result of dynamic growth, Incom needed to support business processes and complex relationships with customers. Incom chose Microsoft Dynamics CRM for its seamless interoperability with other Microsoft products, such as Microsoft Outlook and Microsoft SharePoint; for its ability to connect with Incom’s existing accounting system; and for its low total cost of ownership.

“The most effective way for our business to achieve its goals is through the implementation of CRM systems,” said Oleg Skichenko, director of business solutions, Incom. “We required broad functionality, scalability and simplicity when evaluating CRM systems, and Microsoft Dynamics CRM fit the bill. Additionally, the solution provides us a reliable basis for decision-making and strategic business management.”

To meet the service requirements of its customers, Incom has established 30 branches in major cities throughout Ukraine, providing effective and optimal solutions throughout the country. Incom needed to consolidate data associated with its network of customers, partners and contacts within a single system for efficient information management, and needed to control access to client and other crucial data.

Microsoft Dynamics CRM has allowed Incom to improve performance levels and reliability, as well as position its business to scale as needed. The solution helps Incom with planning and operations, forecasting cash flows, monitoring the performance of subsales, monitoring key agreements, and creating quality relationships with customers.

“The use of Microsoft Office software, including Outlook, will remain a priority for employees,” said Skichenko. “Tight interoperability of the CRM system with existing Microsoft Office products simplifies our IT work, freeing up time to support customer relationships.”

Standardized tools for sales and marketing save time in training and performing routine tasks, and Incom has now established standardized business processes and business intelligence capabilities. In addition, Incom has established a single space for collaboration by connecting Microsoft Dynamics CRM with its existing accounting system and its Microsoft SharePoint portal.

“Microsoft Dynamics CRM has helped the company unify and standardize the way we interact with sellers, technicians and leaders at various levels who are involved in sales,” said Alexander Dmitruk, head of marketing for Incom. “For example, a seller no longer has to remember that it is time to perform a specific function. The system will simply provide a reminder for both current and future phases of the sale.”

More information on Incom’s Microsoft Dynamics CRM deployment, and additional Microsoft customer implementation news, is available on the Microsoft Customer Spotlight News Center.

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

SOURCE Microsoft Corp.


http://www.microsoft.com

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Global shares recover a bit, though fear on Greece remains

Filed Under: Insurance News
May.17, 2012

By Chikako Mogi | NEWS.GNOM.ES – 

TOKYO (NEWS.GNOM.ES) – Asian shares on Thursday recovered a bit of the ground lost in the previous day’s sell-off, but investors found no reason to bet on risk amid deepening turmoil in Greece and fears of contagion to other stressed euro zone economies.

MSCI’s broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> rose 0.5 percent on short covering, after sliding more than 3 percent – its biggest one-day drop in six months – on Wednesday.

The index hit a new 4-month low on Wednesday, and has shed 9.6 percent since May 2.

Gold and the euro recovered from Wednesday’s lows as a recovery in shares helped improve sentiment slightly.

Bucking the general trend of recovery in Asia-Pacific, Australian shares <.axjo> bucked the general recovery, falling 0.6 percent to a four-month low, with banks easing on more signs of pressure on margins.

Japan’s Nikkei stock average <.n225> was flat. <.t/>

News on Wednesday that some Greek banks face emergency funding needs dealt a further blow to risk sentiment, already beaten down by worries about much slower economic growth in China, a fragile U.S. jobs market and the huge trading loss at JPMorgan Chase & Co, widely perceived to be excellent at risk management.

“May is typically a bear month for markets as players often look to take advantage of the saying, ‘sell in May and go away,’ but all the negative factors compounded to give momentum to sell risk assets indiscriminately,” said Bob Takai, general manager of Sumitomo Corp’s energy division.

“Pressures to shed financial premiums will likely persist for the next two to three quarters,” he said.

The European Central Bank said it has stopped providing liquidity to some Greek banks that have not been successfully recapitalized, highlighting the weak state of the banking sector in the indebted country.

Greece on Wednesday put a senior judge in charge of an emergency government to lead the nation to its second election in just over a month on June 17. The vote will likely determine whether Greece remains in the common currency area.

The head of the World Bank warned on Wednesday that a decision by Greece to leave Europe’s common currency zone would raise big questions about the impact on Spain, Italy and other euro zone countries with big debt loads that are undergoing structural reforms.

ANZ of Australia said in a research note that its baseline scenario was a 70 percent probability of the euro zone staying intact and a 50 percent probability of a policy shift to growth over austerity, giving some support to risk assets and the euro.

It put the chance of a disorderly exit at 4 percent and the likelihood of a total break-up of the euro zone at just 1 percent.

Stress levels eased slightly but remained high in Asian credit markets, with the spread on the iTraxx Asia ex-Japan investment-grade index narrowing 4 basis points to hover just below its widest since mid-January.

The euro added 0.2 percent at $1.2743, off a four-month low of $1.26811 reached on Wednesday, and the Australian dollar, typically linked to risk appetite, also rose 0.2 percent to $0.9936, having hit a five-month low of $0.9870 on Wednesday.

The dollar index <.dxy> measured against key currencies remained near a four-month high reached on Wednesday, as investors favored safe havens.

Uncertainty about Greece’s future in the euro nudged some indicators of money market stress higher on Wednesday, but they were still well below last year’s levels given a banking system awash with central bank cash.

Three month euro/dollar cross currency basis swaps, which show funding stress when investors compete for dollars, widened to minus 54 basis points from around minus 46 bps in early May. It marked minus 167.5 in November when investors feared another credit crunch.

Oil regained ground, with U.S. crude futures up 0.5 percent at $93.24 a barrel, after settling down more than $1 on Wednesday. Brent futures, however, fell 0.3 percent to $109.46 a barrel on Thursday.

Spot gold also recovered from Wednesday’s 4-1/2 month low of $1,527 an ounce to trade up 0.6 percent at $1,547.40 as bargain hunting set in.

Some positive economic news emerged from Japan, the world’s third-largest economy, helping to sooth sentiment.

Japan’s economy bounced back from a year-end lull in the first quarter, powering ahead of other major industrial nations, growing 1.0 percent in the January-March quarter, while growth in the final three months of 2011 was revised to flat from a 0.2 percent contraction, data showed on Thursday.

But overnight, minutes for the Federal Reserve’s April meeting showed several members of the U.S. central bank’s policy-setting committee had indicated that additional monetary policy accommodation could still be necessary given downside risks to a moderately expanding economy.

(Editing by Richard Borsuk)

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Day4 Energy annonce ses résultats du premier trimestre de 2012

Filed Under: Insurance News
May.17, 2012


BURNABY, Colombie-Britannique, May 17, 2012 /NEWS.GNOM.ES/ –

Day4 Energy Inc. (TSX : DFE), un important fournisseur mondial de produits et de solutions solaires photovoltaïques (PV), a annoncé aujourd’hui ses résultats d’exploitation pour le premier trimestre de 2012.

« Nous opérons sur un marché extrêmement difficile en proie à une offre excédentaire, à une baisse des prix et à une grande incertitude en ce qui concerne l’avenir des subventions gouvernementales et la demande globale sur certains de nos principaux marchés. Malheureusement, cette problématique est inévitable puisque notre industrie transite entre un marché dominé par les subventions aux fournitures vers une réelle entreprise qui fournit des solutions énergétiques à prix concurrentiels basées sur la technologie PV à des clients du monde entier. Bien que cette transition puisse prendre un certain temps, je suis persuadé que nos produits et notre technologie pourraient jouer un rôle significatif dans la relance du marché PV à l’avenir », a souligné George Rubin, Président et Chef de la direction de Day4 Energy. « Aujourd’hui, notre objectif est de nous assurer que nous pouvons traverser ces périodes extrêmement difficiles tout en préservant autant que possible la valeur de notre société pour l’ensemble des parties prenantes étant donné les circonstances », a ajouté M. Rubin.

RÉSULTATS FINANCIERS DES ACTIVITÉS POURSUIVIES POUR T1 2012

Revenus des produits à l’échelle mondiale

S’élevant à 6,5 millions de dollars, les revenus du premier trimestre de 2012 ont reculé de 16 millions de dollars, soit une baisse de 59 %, par rapport au premier trimestre de 2011 et de 1,8 million de dollars, soit une diminution de 22 %, par rapport au trimestre précédent. Étant donné que le marché mondial a migré vers une offre globale plus élevée en 2011, les prix ont chuté, réduisant ainsi les recettes des ventes combinées à une disponibilité réduite des produits de Day4. Les conditions qui ont régit ce marché se sont poursuivies jusqu’en début 2012, résultant d’une pression constante à la baisse sur nos prix de vente et recettes.

Perte brute

La perte brute s’est élevée à 0,7 million de dollars (10,5 %) au premier trimestre de 2012 par rapport à une perte brute de 2,7 millions de dollars (17 %) au même trimestre de 2011 et une perte brute de 1,4 million de dollars (17 %) au quatrième trimestre de 2011. Les marges négatives continues sont attribuables à de multiples facteurs, notamment à la baisse des prix de vente et à l’ajustement des stocks à la baisse des marchés.

Dépenses 

Au premier trimestre de 2012, les dépenses administratives et autres frais généraux ont totalisé respectivement 2,3 millions de dollars, soit une baisse de 0,7 million de dollars et une hausse de 0,3 million de dollars des dépenses par rapport aux 3 millions de dollars pour le trimestre précédent et de 2 millions de dollars pour la même période en 2011. Au premier trimestre de 2012, les dépenses administratives et autres frais généraux ont couvert des coûts indirects plus élevés facturés pour les honoraires professionnels et les voyages.

Les frais de R&D au premier trimestre ont atteint 0,7 million de dollars comparativement à 0,3 million de dollars au trimestre précédent et à 1,2 million de dollars pour la même période en 2011. La diminution des dépenses en R&D en 2012 résulte de l’ensemble des mesures de réduction des coûts à travers la Société.

Les frais de vente et de marketing ont totalisé 0,7 million de dollars pour le premier trimestre de 2012, comparativement à 0,6 million de dollars pour la même période en 2011 et à 1,2 million de dollars au quatrième trimestre de 2011. Cette augmentation est principalement attribuable à l’ajout de 0,2 million de dollars de provisions pour garanties de modules photovoltaïques au premier trimestre de 2012.

Perte par action

La perte nette des activités poursuivies au premier trimestre de 2012 a atteint 4,1 millions de dollars (0,07 $ par action), comparativement à 11,2 millions de dollars (0,21 $ par action) au trimestre précédent et à une perte nette de 6,3 millions de dollars (0,14 $ par action) pour la même période en 2011. L’augmentation des pertes nettes est le résultat direct des conditions détériorées du marché PV.

Trésorerie et liquidités à court terme

Le fonds de roulement était en négatif de 7,0 millions de dollars à la fin du premier trimestre de 2012, ce qui représente une diminution de 3,0 millions de dollars par rapport au trimestre précédent. La trésorerie, les équivalents de trésorerie et les liquidités soumises à restrictions ont totalisé 2,0 millions de dollars au 31 mars 2012, soit une diminution de 5,2 millions de dollars par rapport aux 7,2 millions de dollars au 31 décembre 2011. La trésorerie et les équivalents de trésorerie ont diminué depuis le 31 décembre 2011, principalement en raison de l’utilisation des fonds pour financer des opérations.

Les résultats financiers détaillés et le rapport de gestion et d’analyse peuvent être consultés sur notre site Web à l’adresse http://www.day4energy.com, ou sur SEDAR à l’adresse href=”http://www.sedar.com/”>http://www.sedar.com.

À propos de Day4 Energy

Day4 Energy Inc. est une société canadienne dévouée à la fourniture de solutions photovoltaïques (PV) hautement performantes pour des installations résidentielles, commerciales et utilitaires. En améliorant fondamentalement la conception et l’assemblage de cellules et modules solaires, la Société produit des panneaux PV uniques à haute densité énergétique, à durabilité supérieure et à l’apparence esthétique sans compromis. Day4 Energy collabore avec des leaders technologiques internationaux en vue de développer et livrer des produits solaires certifiés IEC et UL à ses clients du monde entier. Day4 Energy est cotée à la Bourse de Toronto sous le symbole « DFE ». Pour tout complément d’information, rendez-vous sur le site http://www.day4energy.com

Mise en garde concernant les énoncés prospectifs

Le présent communiqué de presse contient des énoncés prospectifs qui reflètent nos attentes et nos visions actuelles des évènements à venir. Ces énoncés prospectifs comprennent, entre autres, des énoncés portant sur nos attentes concernant nos revenus, nos dépenses, nos flux de trésorerie, notre rendement d’exploitation et notre rentabilité future. Les énoncés prospectifs ne constituent pas des énoncés historiques et sont généralement, mais pas toujours, identifiés par des mots tels que « anticiper », « continuer », « estimer », « s’attendre à », « prédire », « pouvoir », « faire »,« projeter », « probable »,« planifier », « avoir l’intention », «devrait », « croire », « perspectives », « potentiel », « objectif », ou par d’autres mots similaires suggérant des évènements à venir ou des performances futures.

Les énoncés prospectifs contenus dans le présent communiqué de presse sont fondés sur des hypothèses qui incluent, entre autres, la base minimale de capacités de fabrication sous licence requises pour que les recettes deviennent suffisantes pour couvrir les coûts des opérations de la Société ; la participation de tiers dans la fabrication de produits de Day4 sous licence, notre capacité à répondre et à gérer la demande de nos produits ; notre capacité à répondre et à gérer la demande pour nos produits ; l’obtention d’une meilleure efficacité de nos cellules et modules PV ; l’expansion de notre gamme de produits existante ; le développement de nouveaux marchés pour nos produits et l’obtention des certifications nécessaires sur ces marchés ; le renforcement de la marque Day4 ; l’attraction de nouveaux clients ; le développement et le maintien de nos relations avec nos clients et fournisseurs ; le maintien de nos solides relations avec nos fournisseurs ; une gestion efficace des risques de change des devises étrangères ; une gestion efficace des risques de crédits des clients et d’autres contreparties ; la protection de nos droits de propriété intellectuelle et l’attention portée à la non-violation de la propriété intellectuelle de tiers ; le traitement en temps opportun par les agences de certification des nouveaux produits, le maintien de mesures incitatives du gouvernement pour la production d’électricité utilisant l’énergie solaire et la conformité aux règlementations gouvernementales et aux normes applicables.

Ces énoncés prospectifs impliquent des risques, des incertitudes et d’autres facteurs, y compris ceux énumérés dans notre notice annuelle déposée auprès des autorités canadiennes en valeurs mobilières, dont la plupart sont hors de notre contrôle et qui contribuent tous à la possibilité que nos déclarations  prospectives ne se produiront pas ou que les résultats, performances ou réalisations réels pourraient différer sensiblement de ceux exprimés ou suggérés dans ces énoncés. Ces risques, incertitudes et autres facteurs comprennent, entre autres, le risque de dilution ; les risques liés à notre capacité à réduire les coûts par voie de cession de certains actifs et certains éléments non rentables de nos opérations, la possible réduction ou suppression des subventions gouvernementales et incitations économiques pour l’énergie photovoltaïque ; la solidité financière de nos concurrents, les risques liés à des tiers qui portent atteinte à notre propriété intellectuelle ; notre solidité financière et notre capacité à gérer efficacement nos flux de trésorerie ; la possibilité d’un intérêt plus faible que prévu provenant de tiers propriétaires de licences de la technologie Day4 ; l’absence de fournisseurs confirmés de cellules photovoltaïques pourrait influer sur notre capacité à sécuriser les preneurs de licence tiers de notre technologie à cellules photovoltaïques intégrant la technologie Day4 ; la non-production des modules PV Day4 jusqu’à ce que des fabricants titulaires de licence soient établis peut endommager nos canaux de vente, notre marque et notre réputation ; la possibilité que nous fassions l’objet de litiges par nos fournisseurs ou clients ; les demandes de garantie ; les risques relatifs à la protection de notre propriété intellectuelle et les revendications de violation de la propriété intellectuelle par des tiers ; notre dépendance envers un nombre limité de fournisseurs ; la concurrence à partir d’autres formes d’énergie renouvelable ; notre capacité à gérer efficacement la croissance ; notre capacité à ouvrir de nouveaux marchés pour nos produits ; le risque de réduction de la demande pour les modules PV ; les risques relatifs à la négociation et à la signature des contrats avec Ever Energy Co. Ltd ; les progrès technologiques de nos concurrents qui pourraient réduire la rentabilité de nos produits ou les rendre obsolètes ; l’impact de la conjoncture économique, les conditions du marché ou des affaires ; les fluctuations des marchés de changes et d’autres facteurs, dont bon nombre sont indépendants de notre volonté.

Les énoncés prospectifs formulés dans le présent communiqué de presse se rapportent uniquement aux évènements ou informations à la date indiquée ci-dessus. Sauf dans les cas requis par la loi, nous n’assumons aucune obligation de mettre à jour ou de réviser publiquement tout énoncé prospectif, que ce soit à la lumière de nouvelles informations, d’évènements futurs ou pour toute autre raison, après la date à laquelle les énoncés ont été rédigés ou afin de refléter des évènements imprévus.


    Day4 Energy Inc.
    États intermédiaires consolidés de la situation financière (non vérifiés)
    (Exprimés en dollars canadiens) 

                                                              31 mars     31 décembre
                                                                2012           2011
                                                                 $               $
    Actif
    Actif à court terme
    Trésorerie et équivalents de trésorerie                 1829 441       7 059 862
    Liquidités soumises à restrictions (note 6)              185 100         185 000
    Créances commerciales                                  4 084 029       4 463 586
    Comptes débiteurs non facturés (note 7)                        _         535 914
    Demandes au titre de garanties                         1 544 369       1 529 415
    Autres créances (note 8)                               1 671 626       1 879 907
    Créances (note 5)                                        347 460               -
    Stocks (note 9)                                        4 217 184       8 375 914
    Charges prépayées                                        460 218         607 433
                                                          14 339 427      24 637 031
    Actif à long terme
    Immobilisations corporelles (note 10)                  9 233 921      13 368 766
    Débentures à recevoir (note 5)                         1 385 517               -
                                                          24 958 865      38 005 797
    Passif
    Passif à court terme
    Comptes fournisseurs et charges à payer               16 413 198      21 307 307
    Provisions (note 11)                                   3 033 036       3 115 026
    Revenus différés                                       1 198 855         430 456
    Part actuelle de la dette à long terme                   726 811       3 512 805
    Part actuelle des obligations au titre de
    location-financement                                           -         308 355
                                                          21 371 900      28 673 949
    Passif à long terme
    Dette à long terme (note 12)                              91 203       1 062 345
    Revenus différés                                         162 084               -
    Obligations de location-financement (note 13)                  -         123 435
                                                          21 625 187      29 859 729
    Capitaux propres
    Capital-actions (note 15)                            137 244 624     137 244 624
    Surplus d'apport                                       3 356 027       3 346 341
    Déficit                                              (131 40 380)   (126 426 944)
    Cumul des autres éléments de la perte étendue         (5 863 593)     (6 017 953)

                                                           3 333 678       8 146 068
                                                          24 958 865      38 005 797

    Day4 Energy Inc.
    États consolidés intermédiaires du déficit et du résultat étendu (non vérifiés)
    (Exprimés en dollars canadiens)

                                                               Trimestre clos au
                                                                   31 mars
                                                            2012                2011
                                                              $                  $

    Chiffre d'affaire                                      6 506 037       15 999 162
    Coût des ventes                                        7 191 407       18 733 774
    Marge (perte) brute                                     (685 370)      (2 734 612)
    Dépenses
    Frais généraux et administratifs                       2 302 192        2 035 208
    Recherche et développement                               687 905        1 189 651
    Moins : l'aide gouvernementale (note 17)                 (62 794)         (73 569)
    Vente et marketing                                       669 099          643 750
                                                           3 596 402        3 795 040
    Perte provenant des activités opérationnelles          4 281 772        6 529 652
    Gain de change                                           139 177          414 144
    Intérêts et autres revenus                               103 628           (7 686)
    Intérêt dépenses                                         (20 826)          17 376
    Gains sur cession d'immobilisations corporelles           17 019                -
                                                             238 998          423 834
    Perte avant impôts sur le revenu                       4 042 774        6 105 818
    Impôts sur le revenu                                      25 621          219 056
    Perte provenant des activités poursuivies              4 068 395        6 324 874
    Perte nette provenant des activités abandonnées
    (note 5)                                                (908 041)        (663 384)
    Perte nette pour la période                            4 976 436        6 988 258
    Autres éléments du résultat étendu (pertes)
    Gain de change non réalisé sur la conversion
     des états financiers consolidés
     vers la monnaie de présentation                         154 360        1 188 926
    Total de la perte globale                             (4 822 076)      (5 799 332)

    Perte nette par action provenant des activités poursuivies
     - de base et diluée                                       (0,07)           (0,14)
    Perte nette par action provenant des activités abandonnées
     - de base et diluée                                       (0,02)           (0,02)
                                                               (0,09)           (0,16)

    Day4 Energy Inc.
    États consolidés intermédiaires des variations de capitaux propres (non vérifiés)
    (Exprimés en dollars canadiens)

                                Composante
                      des capitaux propres
                          de considération                         Autres
                              pouvant être                        éléments du
                     Capital-   émis pour   Surplus                résultat     Capitaux
                     actions   acquisition  d'apport   Déficit      étendu      propres
    Bilan,
    1er Janvier
    2012           137 244 624         -   3 346 341 (126 426 944)(6 017 953)   8 146 068
    Perte nette pour
    la
    période                                            (4 976 436)             (4 976 436)
    Conversion
    en devises
    étrangères                                                       154 360      154 360
    Pertes
    globales
    pour la période                                    (4 976 436)   154 360   (4 822 076)
    Compensation basée
    sur les stocks                             9 686                                9 686
    Bilan au
    31 mars
    2012           137 244 624         -   3 356 027 (131 403 380)(5 863 593)   3 333 678

                              Composante
                    des capitaux propres
                        de considération                            Autres
                            pouvant être                         éléments du
                   Capital-       émis pour  Surplus              résultat       Capitaux
                   actions   acquisition    d'apport   Déficit     étendu        propres
    Bilan au
    1er janvier
    2011        134 391 619   1 128 870    2 946 444  (6 662 172)(85 746 363) 46 058 398
    Perte nette pour
    la
    période               -           -            -  (6 988 258)             (6 988 258)
    Conversion
    en devises
    étrangères            -           -            -               1 188 926   1 188 926
    Pertes
    étendu
    pour la période                       (6 988 258)  1 188 926  (5 799 332)
    Compensation basée
    sur les stocks                            46 450                              46 450
    Bilan au
    31 mars
    2011        134 391 619   1 128 870    2 992 894 (13 650 430)(84 557 437) 40 305 516

    Day4 Energy Inc.
    États intermédiaires consolidés des flux de trésorerie (non vérifiés)
    (Exprimés en dollars canadiens)

                                                               Trimestre clos le 31 mars
                                                                2012               2011
                                                                 $                  $
    Flux de trésorerie provenant des activités opérationnelles
    Perte pour la période                                     (4 976 436)      (6 988 258)
         Éléments sans incidence sur la trésorerie
               Rémunération
               a base d'actions                                    9 686           46 450
               Dépréciation et
               amortissement                                     749 085          719 207
               Gains sur la vente
               d'immobilisations                                 (19 982)        (173 670)
               Dépréciation
               d'immobilisations
               corporelles                                             -          189 865
               Dépréciation
               d'inventaire                                      184 617        1 285 073
               Gains (pertes) de change
               non matérialisé
               (Gain) perte                                     (154 360)        (414 143)
               de frais de garantie                              192 201           36 646
               gain sur cession de participation
               dans une filiale                                 (856 131)               -
                                                              (4 871 320)      (5 298 830)
    Variation des éléments hors caisse
     du fonds de roulement d'exploitation
               Créances commerciales                             (64 028)       7 623 182
               Autres créances                                  (122 657)        (159 562)
               Inventaire                                      1 877 162      (15 144 092)
               Charges prépayées                                (163 052)         103 209
    Comptes fournisseurs et charges à payer
                                                              (2 611 659)       6 038 642
               Revenus différés                                1 186 775        1 314 038
               Provisions                                       (234 468)               -
                                                              (5 003 247)      (5 523 413)
    Flux de trésorerie provenant des activités d'investissement
    Variation de l'encaisse affectée                                 100          599 354
    Achat d'immobilisations corporelles                         (138 856)        (104 315)
    Cession d'immobilisations
     corporelles                                                  17 023          488 936
    Produit de la cession des
     filiales, déduction faite des espèces cédées                   (930)               -
    Investissement dans le développement des produits                  -         (663 399)
                                                                (122 663)        (320 576)

    Flux de trésorerie provenant des activités de financements
    Remboursement de l'emprunt IRAP                              (73 431)        (174 440)
    Produit du (remboursement) du prêt bancaire                  (60 329)         133 048
    Remboursement de l'obligation de location-financement       (123 468)        (345 377)
                                                                (257 228)        (386 769)

    Impact du change
     sur la trésorerie et les équivalents de trésorerie          152 717          369 291

    Diminution de la trésorerie et des équivalents de
    trésorerie                                                (5 230 421)      (5 220 315)

    Trésorerie et équivalents de trésorerie
     - Début de la période                                     7 059 862       10 486 264

    Trésorerie et équivalents de trésorerie
     - Fin de la période                                       1 829 441        5 265 949

    Information additionnelle sur les flux de trésorerie
    Intérêts payés                                                10 433           11 878
    Intérêts reçus                                                    98              137

Renseignements complémentaires :
George Rubin
Président et Chef de la direction
Day4 Energy Inc.
+1-604-297-0444

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IBM Expands Global Cloud Capabilities with Advanced SmartCloud Services and New Customer Adoption

Filed Under: Insurance News
May.17, 2012


ARMONK, N.Y., May 17, 2012 /NEWS.GNOM.ES/ – As businesses embrace the transformative power of cloud computing to gain a significant advantage, IBM (NYSE: IBM) today unveiled advancements to its SmartCloud Services and announced new customers and partners that demonstrate IBM SmartCloud is a leading enterprise cloud platform for business. 

(Logo: http://photos.NEWS.GNOM.ES.com/prnh/20090416/IBMLOGO )

IBM has seen rapid adoption of its SmartCloud portfolio as customers and partners move to the cloud. IBM manages massive amounts of data and client transactions in its cloud environments, including:

  • 1 million enterprise application users working on the IBM Cloud
  • More than $100 billion in commerce transactions a year in the cloud
  • 4.5 million daily client transactions conducted through the IBM Cloud

Customers and partners are increasingly choosing IBM SmartCloud services, software and hardware to expand into new markets, enable their mobile workforces and develop enterprise applications more efficiently.

“Companies are starting to understand that cloud is more than just about gaining efficiencies and cost savings, it’s about driving the kind of fundamental innovation that provides lasting marketplace advantage,” said Paul Loftus, general manager, IBM Global Technology Services. “We are helping all kinds of clients manage enterprise applications and processes in the cloud as well as leverage new cloud centric applications while meeting their unique requirements for governance, security and portability.”

Open Innovation in the Cloud
TopCoder®, Inc., the world’s largest Open Innovation Community of digital creators, is moving its global community of more than 400,000 developers – the largest community of its kind – to IBM SmartCloud Enterprise. These developers help organizations succeed by efficiently and effectively supporting their entire innovation process—from ideation, software engineering and analytics to implementation, testing and support. 

TopCoder provides high quality application development, mobile development, user experience and graphic design, and big data project work through this competitive, multi-disciplinary, global community of developers.

SmartCloud for SAP Applications
Ogilvy & Mather, an international advertising, marketing and public relations agency, also turned to IBM to solve its critical business need to upgrade their IT environment. The IBM team is in the process of migrating Ogilvy from its current hosted environment to the SmartCloud for SAP Applications hosted in IBM’s state-of-the-art, green Smarter Data Center in Raleigh North Carolina.

The Ogilvy solution includes the latest infrastructure technology, full SAP service and is pre-built, pre-configured, requiring minimal client resources to maintain their entire production SAP landscape. IBM’s SAP Cloud solution also offers Ogilvy the benefits of solution scalability, and the ability to add resources for development projects with a short term commitment.

“Given the attention to cloud-based solutions, it’s easy to be overwhelmed with comparisons and multiple options. However, when it comes to critical applications like SAP, we were looking for a mature model that could scale and cater to our unique prerequisites,” said Yuri Aguiar, Senior Partner and CIO, Ogilvy & Mather. “The SCE+ offering fit this need very well and had the backing of a reliable global partner.”

Smarter Marketing in the Cloud
OTRUM, a leading provider of interactive TV solutions and content to the hospitality industry, utilizes the Cognos analytics tool from IBM to handle marketing campaigns and highlight repeat behavior patterns associated with guest interaction and purchasing. This solution leverages Cognos on SmartCloud Enterprise to deliver custom analytics to over 500 hotels.  

OTRUM has now fully migrated all digital signage clients to the IBM SmartCloud Enterprise, a move that eliminates the need for hundreds of physical servers at customer sites. As well as reducing hardware, the cloud increases efficiency by allowing for central management and distribution of data.

Expanding IBM Platform-as-a-Service
Launched as a platform-as-a-service beta program in October 2011, IBM’s SmartCloud Application Services (SCAS) is expanding to a full pilot with new customers such as CLD Partners, a leading provider of IT consulting services with a particular focus on cloud computing.   

“We share IBM’s vision for how enterprise customers can achieve huge productivity gains by embracing cloud technologies.  SCAS allowed us to utilize world class software in a managed environment that greatly reduced the complexity of the deployment while also providing for future scalability that our customers only pay for when they need it,” said Steve Clune, Founder and CEO of CLD Partners.  “Ultimately, traditional infrastructure planning and configuration that would have required weeks was literally reduced to hours. And future flexibility as infrastructure needs change is virtually limitless.”

Connected Healthcare in the Cloud
IBM is helping improve healthcare delivery in Haiti through its collaboration with ‘Colleagues in Care’ Global Healthcare Network. Colleagues in Care is using the IBM SmartCloud for Social Business to virtually connect medical workers and volunteers from around the globe. Using the IBM SmartCloud, the volunteers and those on the front lines taking care of patients are armed with an online medical knowledge system that includes treatment options, clinical pathways, and best practices specific to the situation in Haiti.

The network consists of approximately 200 doctors, nurses, and business professionals coming together virtually from all around the globe including Canada, China, Haiti, France, Ireland, Italy, the United Kingdom, and the United States.

To learn more about the work in Haiti, see the following video: http://www.youtube.com/watch?v=tWvcg08-h-w

For additional details about the project, read the following press release: http://www.ibm.com/press/us/en/pressrelease/37743.wss

Additional new clients, including RICOH Company, Ltd., Neiman Marcus, University of Texas El Paso, Hindustan Motors, Bonduelle and Apave have chosen IBM’s SmartCloud to help drive social business adoption across the enterprise. Using IBM social networking tools in the cloud, these organizations are seamlessly collaborating and sharing information and ideas, resulting in increased efficiency and productivity in a security-rich and cost-effective environment.

For these social businesses, IBM is also introducing IBM SmartCloud Archive Essentials, a cost-effective email archiving solution. IBM SmartCloud Archive Essentials provides customers with the confidence of knowing their email is archived continuously and securely, while making the data accessible for compliance and e-discovery requirements in the IBM SmartCloud. 

Ready for IBM SmartCloud Services
Launched in February, IBM’s Ready for IBM SmartCloud Services validation continues to grow with over 30 new Independent Software Vendors (ISVs) and partners, making it easier for clients to quickly find technology from Business Partners that are validated for IBM SmartCloud Services. In the new online directory, certified Business Partner technologies are divided into categories such as business applications, collaboration, development and test tools, infrastructure services, and security and monitoring.

New ISVs and partners include AppZero, Cloud Prime, Cohesive FT, Convertigo, Corent, Jaspersoft, NViso, SOASTA, Sproxil, SugarCRM, Vacava, Vision Solutions, Zementis, among many others.

Additionally, IBM is announcing new and expanded capabilities to its SmartCloud portfolio, including:

SmartCloud Enterprise 2.1

  • Offering new and enhanced functionality in a simple to deploy, robust infrastructure-as-a-service (IAAS) for building and deploying innovative applications that can optionally integrate with private cloud and traditional IT elements.
  • New service level agreement (SLA) of 99.9% SmartCloud Enterprise gives clients confidence in factoring cloud-centric applications for a broad array of workloads. 
  • Two new Red Hat Enterprise Linux operating systems; Red Hat Enterprise Linux 5.8 will add new and improved functionality for enhanced performance, flexibility and security while Red Hat Enterprise Linux 6.2 delivers improvements in virtualization, resource management and high availability, and offers new features in storage, file system performance and identity management.
  • Upgrades to the persistent storage system, enabling increased speed and performance, and upgrades to embedded KVM hypervisors providing greater security and performance improvements.

SmartCloud Enterprise +  

  • Now available in North America and Europe with plans for additional global roll-out in 3rd quarter 2012.
  • Unprecedented support for both x86 and P-Series – running operating systems including Windows, Linux and AIX on top of either VMWare or PowerVM hypervisors, and delivered with the proven expertise of IBM services.
  • Migration Services for SmartCloud Enterprise+ with patented tools and methods to help clients speed up transition from traditional outsourcing to cloud is projected to be available in 3rd quarter 2012.
  • SCE+ is designed to support different workloads and associated technology platforms including a new System z shared environment that will be available in the U.S. and U.K. later this year. 

SmartCloud Application Services

  • IBM’s platform-as-a-service (PaaS) will now be more widely available to select customers moving from beta to pilot stage. Customers will be able to take advantage of both Application Workload Service as well as Collaborative Lifecycle Management Service to develop and deploy applications on top of SmartCloud Enterprise to jump-start their SmartCloud Application Services (SCAS) projects.
  • While in the pilot phase, customers will be able to use SmartCloud Application Services at no charge, except for the underlying IBM SmartCloud Enterprise infrastructure used by the SCAS pilot services.
  • Available in English around the world, the SmartCloud Application Services pilot will run from May 15th until general availability projected for 3rd quarter 2012.  
  • As part of the broader IBM SmartCloud family, SmartCloud Application Services are compatible with the newly announced IBM PureSystems family. For example, through SmartCloud Application Services clients can rapidly design, develop, and test their dynamic applications on IBM’s public cloud and deploy those same applications on a private cloud built with PureApplication Systems, or vice versa.

Across both IBM SmartCloud Enterprise and Enterprise+, IBM now supports Microsoft License Mobility program. Offering new flexible options for deploying Microsoft applications, such as Microsoft Exchange Server, Microsoft SharePoint Server, and Microsoft SQL Server on IBM’s SmartCloud Enterprise, customers can choose between deploying Microsoft applications on premises or on IBM’s SmartCloud leveraging the value of volume licenses with Microsoft’s Software Assurance. This option can help customers lower operating costs using IBM’s SmartCloud shared infrastructure. 

Financing provided by IBM Global Financing, the lending and leasing arm of IBM, helps credit-qualified clients make the transition to cloud computing with low-rate financing for cloud solutions and zero percent loans for IBM software.  Financing helps clients accelerates their cloud project’s cash flow break-even point by spreading upfront costs over time, enabling them to utilizing cash reserves for other strategic investments.

For more information on IBM’s cloud financing options, visit: http://www-03.ibm.com/financing/us/cloud/

About IBM Cloud Computing
IBM has helped thousands of clients adopt cloud models and manages millions of cloud based transactions every day. IBM assists clients in areas as diverse as banking, communications, healthcare and government to build their own clouds or securely tap into IBM cloud-based business and infrastructure services. IBM is unique in bringing together key cloud technologies, deep process knowledge, a broad portfolio of cloud solutions, and a network of global delivery centers. For more information about IBM cloud solutions, visit www.ibm.com/smartcloud. Follow us on Twitter at www.twitter.com/ibmcloud and on our blog at www.thoughtsoncloud.com.

IBM Media Contact
Steve Tomasco
IBM Media Relations
917-687-4588
stomasc@us.ibm.com

SOURCE IBM


http://www.ibm.com/smartcloud

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