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Brookfield Office Properties Reports Fourth Quarter and Full-Year 2013 Results

All Dollar References Are in U.S. Dollars Unless Noted Otherwise

NEW YORK, NY -- (Marketwired) -- 01/31/14 -- Brookfield Office Properties Inc. (NYSE: BPO) (TSX: BPO) today announced its financial results for the quarter and year ended December 31, 2013. The financial results are based on International Financial Reporting Standards ("IFRS") unless otherwise noted.

                                   Three Months Ended   Twelve Months Ended
                                 --------------------- ---------------------
(US Millions, except per share
 amounts)                         12/31/13   12/31/12   12/31/13   12/31/12
                                 ---------  ---------- ---------- ----------
Funds from operations (1)        $     134  $      161 $      652 $      650
Net income attributable to
 common shareholders                   152         342      1,091      1,287
Commercial property net
 operating income (1)                  327         346      1,364      1,345
Fair value (losses) gains               (6)        238        562      1,004

Per common share - diluted
  Net income                     $    0.25  $     0.59 $     1.89 $     2.25
  Funds from operations (1)           0.22        0.28       1.12       1.14
                                 ---------  ---------- ---------- ----------

(1)Non-IFRS measure. See definition under "Basis of Presentation"

Funds from operations ("FFO") for the year ended December 31, 2013 increased to $652 million or $1.12 per diluted common share, from $650 million or $1.14 per diluted common share in 2012. In the current quarter, FFO, including transaction costs of $8 million related to the acquisition of MPG Office Trust, Inc., was $134 million or $0.22 per diluted common share, compared with $161 million or $0.28 per diluted common share in the fourth quarter of 2012.

Net income attributable to common shareholders for the year ended December 31, 2013 was $1.1 billion or $1.89 per diluted common share, compared with $1.3 billion or $2.25 per diluted common share in 2012. Net income attributable to common shareholders in the fourth quarter of 2013 was $152 million or $0.25 per diluted common share, compared with $342 million or $0.59 per diluted common share in the fourth quarter of 2012. The reduction in net income for the year was due primarily to a decrease in fair value gains on the company's investment properties, which amounted to $562 million in 2013 compared with $1 billion in 2012.

Commercial property net operating income for the year ended December 31, 2013 increased to $1.4 billion, compared with $1.3 billion in 2012. Commercial property net operating income for the fourth quarter of 2013 decreased to $327 million, compared with $346 million in the fourth quarter of 2012, largely due to the expiration of a large lease in Lower Manhattan. Excluding this expiry and the impact of foreign exchange, same property net operating income on a proportionate basis grew 1.3% during the year.

Common equity per share at December 31, 2013 increased to $21.06 from $19.80 at December 31, 2012, and earned a total return of $2.38 per diluted share representing a 12% return on opening common equity per share.

OUTLOOK
"Brookfield closed out a successful year with an extremely active fourth quarter -- specifically on the leasing front as we signed 3.9 million square feet of leases globally, more than double our five-year quarterly average," said Dennis Friedrich, chief executive officer of Brookfield Office Properties. "The improving economy and tenant sentiment, coupled with the various growth initiatives we undertook in 2013, set the stage for future advancement and profitability for the company."

HIGHLIGHTS OF THE FOURTH QUARTER

Leased 3.9 million square feet of space during the quarter at an average net rent of $30.98 per square foot, representing a 7% increase over expiring net rents in the period. The portfolio occupancy rate finished the quarter at 89.1% or 90.1% excluding properties which are currently being redeveloped.

Leasing highlights from the fourth quarter include:

Ottawa - 1,039,000 square feet

  • Executed a short-term extension and obtained approval from the Treasury Board of Canada Secretariat for an average nine-year lease with Public Works and Government Services Canada for 1,036,000 square feet at Place de Ville I & II

New York - 917,000 square feet

  • A 20-year new lease with Jones Day for 330,000 square feet at 250 Vesey St., Brookfield Place
  • A 20-year new lease with The College Board for 145,000 square feet at 250 Vesey St., Brookfield Place
  • A 15-year new lease with Bain & Company for 96,000 square feet at the Grace Building

Houston - 466,000 square feet

  • A four-year expansion with Chevron for 95,000 square feet at 1600 Smith St.
  • A five-year renewal and expansion with Macquarie for 71,000 square feet at One Allen Center
  • A seven-year renewal with Chamberlain Hrdlicka for 56,000 square feet at Two Allen Center
  • A 12-year new lease with Marsh USA for 55,000 square feet at One Allen Center

Denver - 370,000 square feet

  • A seven-year renewal and expansion with DCP Midstream for 171,000 square feet at Republic Plaza
  • An 11-year new lease with BakerHostetler for 37,000 square feet at 1801 California
  • An eight-year new lease with Kleinfelder West, Inc. for 31,000 square feet at 1801 California

Washington, D.C. - 371,000 square feet

  • A 16-year new lease with Norton Rose Fulbright for 64,000 square feet at 799 Ninth St.
  • A 16-year new lease with Nixon Peabody for 64,000 square feet at 799 Ninth St.
  • A nine-year renewal and expansion with Government Scientific Sources for 50,000 square feet at Sunrise Tech Park

Calgary - 299,000 square feet

  • A 10-year new lease with TransCanada PipeLines for 290,000 square feet at Fifth Avenue Place

Los Angeles - 268,000 square feet

  • A one-year renewal with Latham & Watkins LLP for 95,000 square feet at Gas Company Tower
  • A five-year renewal and expansion with Southern California Gas Company for 56,000 square feet at Gas Company Tower

Leased, in 2013, 1.2 million square feet at Brookfield Place New York including the major new leases executed during the fourth quarter.

Entered into a 100% pre-let agreement with Schroders at London Wall Place development. Along with JV partner Oxford Properties, signed the London-based investment management firm to a 310,000-square-foot lease for the entirety of 1 London Wall Place, the first building of the two-phase, 500,000-square-foot project in the City of London.

Acquired One North End Avenue in downtown Manhattan for $200 million. The 15-story building -- home to the New York Mercantile Exchange (NYMEX) -- will be integrated into the adjacent 8-million-square-foot Brookfield Place complex. Concurrent with the acquisition, NYMEX entered into a 13-year lease for 222,000 square feet following an initial 24-month lease for 449,000 square feet.

Acquired remaining 50% interest in 125 Old Broad St., London. Concurrent with the acquisition, existing financing on the property was repaid and a new £ 182 million financing facility was put in place.

Sold 500 Jefferson Street in Houston and a 50% interest in Metropolitan Park in Seattle for gross proceeds of approximately $81 million.

Completed property-level financings and refinancings totaling approximately $1 billion, netting proceeds of approximately $250 million. The company refinanced $400 million of debt in the United States at an average rate of 2.89% with an average term of six years; C$300 million in Canada at an average rate of 4.38% with an average term of 10 years; and £ 200 million in the United Kingdom at an average rate of 4.43% with an average term of six years.

Upsized corporate revolver to $1 billion from $695 million, subsequent to year-end. The upsized floating-rate credit facility holds a four-year term with two six-month extension options. The facility also features an accordion option through which Brookfield can draw an additional $250 million at the consent of the participating lending institutions.

UPDATE ON PROPOSED ACQUISITION BY BROOKFIELD PROPERTY PARTNERS (BPY)
On December 20, 2013, the Board of Directors of BPO, based on a recommendation of the Independent Committee of the Board, announced its intention to recommend that shareholders of BPO accept BPY's proposed prorated offer of either 1.0 BPY share (67% of offer) or $20.34 in cash (33% of offer) per BPO share. BPO understands that the Offer is expected to be formally commenced by BPY in the first quarter of 2014.

GUIDANCE
Brookfield Office Properties announced full-year 2014 diluted funds from operations guidance in the range of $0.95 to $1.01 per share, with a mid-point of $0.98 per share. The primary assumptions used for the mid-point of this guidance range are:

  • An exchange rate that assumes a weaker Canadian dollar at $1.08 to US$1.00, a weaker Australian dollar at $1.12 to US$1.00, and a stronger British pound sterling at £ 0.61 to US$1.00;
  • A decrease in same-store commercial property net operating income of 9.7% in 2014 (remains flat excluding Brookfield Place New York);
  • Dispositions totaling net proceeds of approximately $600 million, which we expect to reinvest into our development and redevelopment initiatives; and
  • No acquisitions.

Dividend Declaration
The Board of Directors of Brookfield Office Properties declared a quarterly common share dividend of $0.14 per share payable on March 31, 2014 to shareholders of record at the close of business on February 28, 2014. Shareholders resident in the United States will receive payment in U.S. dollars and shareholders resident in Canada will receive their dividends in Canadian dollars at the exchange rate on the record date, unless they elect otherwise. Common shareholders have the option to participate in the company's Dividend Reinvestment Program, in which all or a portion of cash dividends can be automatically reinvested in common shares. The quarterly dividends payable for the Class AAA Series G, H, J, K, L, N, P, R, and T preferred shares were also declared payable on March 31, 2014 to shareholders of record at the close of business on March 14, 2014, and quarterly dividends payable for the Class AAA series V, W and Y were declared payable on February 14, 2014 to shareholders of record on January 31, 2014.

Basis of Presentation
This press release and accompanying financial information make reference to commercial property net operating income, funds from operations (on a total and per share basis), total return (on a total and per share basis) and common equity per share. Commercial property net operating income, funds from operations, total return and common equity per share do not have any standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. We define commercial property net operating income as revenue from commercial property operations less direct commercial property expense. Our definition of funds from operations includes all of the adjustments that are outlined in the National Association of Real Estate Investment Trusts ("NAREIT") definition of FFO such as the exclusion of gains (or losses) from the sale of real estate property, the add back of any depreciation and amortization related to real estate assets and the adjustment to reflect our interest in unconsolidated partnerships and joint ventures. In addition to the adjustments prescribed by NAREIT, we also make adjustments to exclude any unrealized fair value gains (or losses) that arise as a result of reporting under IFRS, and income taxes that arise as a result of our structure as a corporation as opposed to a real estate investment trust ("REIT"). Total return represents the amount by which we increase the value of our common equity through funds from operations and the increase or decrease in value of our investment properties over a period of time. Common equity per share represents the book value of our common equity, adjusted for proceeds from the assumed exercise of all options outstanding, divided by total common shares outstanding, including potential common shares from the exercise of all options. In calculating common equity per share on a pre-tax basis, we adjust the book value of our common equity by adding back our net deferred tax liabilities.

Commercial property net operating income is an important measure that we use to assess operating performance and funds from operations is a widely used measure in analyzing the performance of real estate. We provide the components of commercial property net operating income and a reconciliation of net income attributable to common shareholders to funds from operations with the financial information accompanying this press release. We reconcile funds from operations to net income attributable to common shareholders rather than cash flow from operating activities as we believe net income attributable to common shareholders is the most comparable measure. When calculating diluted funds from operations, total return and common equity per share in this press release, we exclude the effects of settling our capital securities - corporate through the issuance of common shares as our past practice has been to redeem our capital securities - corporate for cash rather than convert to common shares and our intention is to continue with this practice. This diluted calculation is not in accordance with IFRS. Diluted net income per share attributable to common shareholders is calculated in accordance with IFRS.

Forward-Looking Statements
This press release, particularly the "Outlook" and "Guidance" sections, contain "forward-looking information" within the meaning of Canadian provincial securities laws and applicable regulations and "forward-looking statements" within the meaning of "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding our operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods, and include words such as "expects," "anticipates," "plans," "believes," "estimates," "seeks," "intends," "targets," "projects," "forecasts," "likely," or negative versions thereof and other similar expressions, or future or conditional verbs such as "may," "will," "should," "would" and "could."

Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause our actual results, performance or achievements to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: risks incidental to the ownership and operation of real estate properties including local real estate conditions; the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business; the ability to enter into new leases or renew leases on favorable terms; business competition; dependence on tenants' financial condition; the use of debt to finance our business; the behavior of financial markets, including fluctuations in interest and foreign exchanges rates; uncertainties of real estate development or redevelopment; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; risks relating to our insurance coverage; the possible impact of international conflicts and other developments including terrorist acts; potential environmental liabilities; changes in tax laws and other tax related risks; dependence on management personnel; illiquidity of investments; the ability to complete and effectively integrate acquisitions into existing operations; operational and reputational risks; catastrophic events, such as earthquakes and hurricanes; risks related to the proposed tender offer for any or all of our common shares from Brookfield Property Partners L.P. and the fact that our business may suffer from uncertainty surrounding the offer; and other risks and factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States.

We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements or information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

Conference Call
Analysts, investors and other interested parties are invited to participate in the company's live conference call reviewing 2013 fourth quarter and full-year results on Friday, January 31, 2014 at 11:00 a.m. eastern time. Scheduled speakers are Dennis Friedrich, chief executive officer, and Bryan Davis, chief financial officer. Management's presentation will be followed by a question and answer period.

To participate in the conference call, please dial 888.397.5355, pass code 8303659, five minutes prior to the scheduled start of the call. Live audio of the call will also be available via webcast at www.brookfieldofficeproperties.com. A replay of this call can be accessed through March 2, 2014 by dialing 888.203.1112, pass code 8303659. A replay of the webcast, as well as a podcast download, will be available at www.brookfieldofficeproperties.com for one year.

Supplemental Information
Investors, analysts and other interested parties can access Brookfield Office Properties' Supplemental Information Package before the market open on January 31, 2014 at www.brookfieldofficeproperties.com under the Investors/Financial Reports section. This additional financial information should be read in conjunction with this press release.

Brookfield Office Properties Profile
Brookfield Office Properties owns, develops and manages premier office properties in the United States, Canada, Australia and the United Kingdom. Its portfolio is comprised of interests in 114 properties totaling 85 million square feet in the downtown cores of New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, Ottawa, London, Sydney, Melbourne and Perth, making Brookfield the global leader in the ownership and management of office assets. Landmark properties include Brookfield Places in Manhattan, Toronto and Perth, Bank of America Plaza in Los Angeles, Bankers Hall in Calgary and Darling Park in Sydney. The company's common shares trade on the NYSE and TSX under the symbol BPO. For more information, visit www.brookfieldofficeproperties.com.



CONSOLIDATED BALANCE SHEETS

                                       ------------------ ------------------
(US Millions, except per share
 amounts)                               December 31, 2013  December 31, 2012
                                       ------------------ ------------------

Assets
Investment properties
  Commercial properties                $           25,152 $           22,442
  Commercial developments                           1,673              1,138
Equity accounted investments(1)                     2,609              2,562
Receivables and other assets                          602                734
Restricted cash and deposits                          142                103
Cash and cash equivalents                             713                362
Assets held for sale                                    -                138
                                       ------------------ ------------------
Total assets                           $           30,891 $           27,479
                                       ------------------ ------------------

Liabilities
Commercial property debt               $           13,785 $           11,448
Accounts payable and other liabilities              1,199              1,399
Deferred tax liabilities                              970                732
Liabilities associated with assets
 held for sale                                          -                 70
Capital securities - corporate                        628                866
Capital securities - fund subsidiaries                491                  -
                                       ------------------ ------------------
Total liabilities                      $           17,073 $           14,515
                                       ------------------ ------------------

Equity
Preferred equity                       $            1,542 $            1,345
Common equity                                      10,791             10,086
                                       ------------------ ------------------
Total shareholders' equity                         12,333             11,431
Non-controlling interests                           1,485              1,533
                                       ------------------ ------------------
Total equity                           $           13,818 $           12,964
                                       ------------------ ------------------
Total liabilities and equity           $           30,891 $           27,479
                                       ------------------ ------------------
Common equity per share(2)             $            21.06 $            19.80
Common equity per share (pre-tax)(2)   $            22.90 $            21.19
                                       ------------------ ------------------

(1) Includes properties and entities held through joint ventures and
 associates
(2) Non-IFRS measure. See definition under "Basis of Presentation"




CONSOLIDATED STATEMENTS OF INCOME

                                   Three Months Ended   Twelve Months Ended
                                ---------------------- ---------------------
(US Millions)                     12/31/13    12/31/12   12/31/13  12/31/12
                                ----------  ---------- ---------- ----------
Commercial property revenue     $      595  $      579 $    2,304 $    2,195
Direct commercial property
 expense                               268         233        940        850
Interest and other income               14          24         90         87
Interest expense
  Commercial property debt             159         169        626        625
  Capital securities -
   corporate                             8          12         35         50
Administrative expense                  50          42        187        168
                                ----------  ---------- ---------- ----------
Income (loss) from continuing
 operations before fair value
 gains, share of net earnings
 from equity accounted
 investments and income taxes          124         147        606        589
Fair value gains (losses), net          (6)        238        562      1,004
Share of net earnings from
 equity accounted
 investments(1)                        129          26        258        127
                                ----------  ---------- ---------- ----------
Income (loss) from continuing
 operations before income taxes        247         411      1,426      1,720
Income taxes                            60          45        204        264
                                ----------  ---------- ---------- ----------
Income (loss) from continuing
 operations                            187         366      1,222      1,456
Income (loss) from discontinued
 operations                              -           9          -         12
                                ----------  ---------- ---------- ----------
Net income (loss)                      187         375      1,222      1,468
Non-controlling interests               35          33        131        181
                                ----------  ---------- ---------- ----------
Net income (loss) attributable
 to common shareholders         $      152  $      342 $    1,091 $    1,287
                                ----------  ---------- ---------- ----------

                                ----------  ---------- ---------- ----------
(1) Includes valuation gains of $104 million and $2 million for the three
 months ended December 31, 2013 and December 31, 2012, respectively, and
 gains of $158 million and $22 million for the year ended December 31, 2013
 and December 31, 2012, respectively




                                   Three Months Ended    Twelve Months Ended
                                 --------------------- ---------------------
                                   12/31/13   12/31/12   12/31/13   12/31/12
                                 ---------- ---------- ---------- ----------
Net income (loss) per share
 attributable to common
 shareholders - basic
Continuing operations            $     0.26 $     0.62 $     2.00 $     2.39
Discontinued operations                   -       0.02          -       0.03
                                 ---------- ---------- ---------- ----------
                                 $     0.26 $     0.64 $     2.00 $     2.42
                                 ---------- ---------- ---------- ----------




                                   Three Months Ended    Twelve Months Ended
                                 --------------------- ---------------------
                                   12/31/13   12/31/12   12/31/13   12/31/12
                                 ---------- ---------- ---------- ----------
Net income (loss) per share
 attributable to common
 shareholders - diluted
Continuing operations            $     0.25 $     0.58 $     1.89 $     2.23
Discontinued operations                   -       0.01          -       0.02
                                 ---------- ---------- ---------- ----------
                                 $     0.25 $     0.59 $     1.89 $     2.25
                                 ---------- ---------- ---------- ----------




RECONCILATION TO FUNDS FROM OPERATIONS

                                Three Months Ended     Twelve Months Ended
                             ----------------------  ----------------------
(US Millions, except per
 share amounts)                12/31/13    12/31/12    12/31/13    12/31/12
                             ----------  ----------  ----------  ----------
Net income (loss)
 attributable to common
 shareholders                $      152  $      342  $    1,091  $    1,287
Add (deduct) non-cash and
 certain other items:
  Fair value and other
   (gains) losses                     6        (238)       (562)     (1,004)
  Fair value adjustments in
   net earnings from equity
   accounted investments           (104)         (2)       (158)        (22)
  Amortization of lease
   incentives(1)                      2           -           7           -
  Non-controlling interests
   in above items                    19          22          78         118
  Income taxes                       59          45         196         264
  Discontinued operations(2)          -          (8)          -           7
                             ----------  ----------  ----------  ----------
Funds from operations        $      134  $      161  $      652  $      650
Preferred share dividends           (20)        (20)        (81)        (70)
                             ----------  ----------  ----------  ----------
FFO attributable to common
 shareholders                $      114  $      141  $      571  $      580
                             ----------  ----------  ----------  ----------
Weighted average common
 shares outstanding -
 diluted                          510.6       507.4       509.1       506.9
FFO per diluted share(3)     $     0.22  $     0.28  $     1.12  $     1.14
                             ----------  ----------  ----------  ----------

(1) FFO definition has been revised on a prospective basis to include the
 add-back of lease incentive amortization in accordance with NAREIT and
 REALpac FFO definitions
(2) Reflects fair value and other (gains) losses net of income taxes
(3) The calculation of FFO per diluted share includes potential common
 shares at December 31, 2013, and December 31, 2012, from the exercise of
 options as well as restricted stock but excludes the effects of settling
 our capital securities - corporate in common shares as we intend to redeem
 our capital securities - corporate for cash prior to conversion




COMMERCIAL PROPERTY NET OPERATING INCOME
                                Three Months Ended     Twelve Months Ended
                             ----------------------  ----------------------
(US Millions)                  12/31/13    12/31/12    12/31/13    12/31/12
                             ----------  ----------  ----------  ----------
Commercial property revenue  $      595  $      579  $    2,304  $    2,195
Direct commercial property
 expense                           (268)       (233)       (940)       (850)
                             ----------  ----------  ----------  ----------
Commercial property net
 operating income            $      327  $      346  $    1,364  $    1,345
                             ----------  ----------  ----------  ----------




TOTAL RETURN
                                Three Months Ended     Twelve Months Ended
                             ----------------------  ----------------------
(US Millions, except per
 share amounts)                12/31/13    12/31/12    12/31/13    12/31/12
                             ----------  ----------  ----------  ----------
Funds from operations        $      134  $      161  $      652  $      650
Fair value gains, net of
 non-controlling interests           79         218         642         908
Preferred share dividends           (20)        (20)        (81)        (70)
                             ----------  ----------  ----------  ----------
Total return                 $      193  $      359  $    1,213  $    1,488
                             ----------  ----------  ----------  ----------
Total return per diluted
 share(1)                    $     0.38  $     0.71  $     2.38  $     2.93
                             ----------  ----------  ----------  ----------
(1) The calculation of total return per diluted share includes potential
 common shares at December 31, 2013, and December 31, 2012, from the
 exercise of options as well as restricted stock but excludes the effects of
 settling our capital securities - corporate in common shares as we intend
 to redeem our capital securities - corporate for cash prior to conversion

Media Inquiries:
Melissa Coley
Vice President, Investor Relations and Communications
Tel: 212.417.7215
Email: Email Contact

Investor Inquiries
:
Matt Cherry
Director, Investor Relations and Communications
Tel: 212.417.7488
Email: Email Contact

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There’s Big Data, then there’s really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at 6th Big Data Expo®, Hannah Smalltree, Director at Treasure Data, to discuss how IoT, Big Data and deployments are processing massive data volumes from wearables, utilities and other machines.
All major researchers estimate there will be tens of billions devices – computers, smartphones, tablets, and sensors – connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be!
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at Internet of @ThingsExpo, Erik Lagerway, Co-founder of Hookflash, will walk through the shifting landscape of traditional telephone and voice services to the modern P2P RTC era of OTT cloud assisted services.
While great strides have been made relative to the video aspects of remote collaboration, audio technology has basically stagnated. Typically all audio is mixed to a single monaural stream and emanates from a single point, such as a speakerphone or a speaker associated with a video monitor. This leads to confusion and lack of understanding among participants especially regarding who is actually speaking. Spatial teleconferencing introduces the concept of acoustic spatial separation between conference participants in three dimensional space. This has been shown to significantly improve comprehension and conference efficiency.
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, will discuss single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example to explain some of these concepts including when to use different storage models.
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridstore delivers vmOptimized™ Storage that self-optimizes to each application or VM across both virtual and physical environments. Leveraging a grid architecture, Gridstore delivers the first end-to-end storage QoS to ensure the most important App or VM performance is never compromised. The storage grid, that uses Gridstore’s performance optimized nodes or capacity optimized nodes, starts with as few a...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace. These technological reforms have not only changed computers and smartphones, but are also changing the data processing model for all information devices. In particular, in the area known as M2M (Machine-To-Machine), there are great expectations that information with a new type of value can be produced using a variety of devices and sensors saving/sharing data via the network and through large-scale cloud-type data processing. This consortium believes that attaching a huge number of devic...
Innodisk is a service-driven provider of industrial embedded flash and DRAM storage products and technologies, with a focus on the enterprise, industrial, aerospace, and defense industries. Innodisk is dedicated to serving their customers and business partners. Quality is vitally important when it comes to industrial embedded flash and DRAM storage products. That’s why Innodisk manufactures all of their products in their own purpose-built memory production facility. In fact, they designed and built their production center to maximize manufacturing efficiency and guarantee the highest quality of our products.
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. Over the summer Gartner released its much anticipated annual Hype Cycle report and the big news is that Internet of Things has now replaced Big Data as the most hyped technology. Indeed, we're hearing more and more about this fascinating new technological paradigm. Every other IT news item seems to be about IoT and its implications on the future of digital business.
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. Download Slide Deck: ▸ Here
BSQUARE is a global leader of embedded software solutions. We enable smart connected systems at the device level and beyond that millions use every day and provide actionable data solutions for the growing Internet of Things (IoT) market. We empower our world-class customers with our products, services and solutions to achieve innovation and success. For more information, visit www.bsquare.com.
With the iCloud scandal seemingly in its past, Apple announced new iPhones, updates to iPad and MacBook as well as news on OSX Yosemite. Although consumers will have to wait to get their hands on some of that new stuff, what they can get is the latest release of iOS 8 that Apple made available for most in-market iPhones and iPads. Originally announced at WWDC (Apple’s annual developers conference) in June, iOS 8 seems to spearhead Apple’s newfound focus upon greater integration of their products into everyday tasks, cross-platform mobility and self-monitoring. Before you update your device, here is a look at some of the new features and things you may want to consider from a mobile security perspective.