SYS-CON MEDIA Authors: Dana Gardner, Peter Silva, Kevin Jackson, Jessica Qiu, Dan Stolts

News Feed Item

TransAlta Reports Fourth Quarter and Full Year 2013 Results, 2014 Outlook, Asset Sale, and Revised Dividend

CALGARY, ALBERTA -- (Marketwired) -- 02/20/14 -- TransAlta Corporation ("TransAlta") (TSX:TA)(NYSE:TAC) today reported its fourth quarter 2013 and full year 2013 financial results, its outlook for 2014 and two significant initiatives to enhance the Corporation's financial strength to grow, provide a solid and sustainable dividend, and to ensure a strong balance sheet throughout the commodity cycle.

Comparable EBITDA(1) for the full year ending Dec. 31, 2013 was $1,023 million, an increase of $8 million from 2012. Strong performance in gas, renewables, and trading, more than offset the lower pricing in the Pacific Northwest and higher unplanned outages at Canadian Coal. Free Cash Flow(1) for the full year ending Dec. 31, 2013 increased by $37 million to $295 million, or $1.12 per share. Comparable EBITDA for the fourth quarter 2013 was $242 million compared to $312 million during the same period last year. Results were lower than last year due to lower prices in Alberta and the Pacific Northwest, icing events in Eastern Canada that impacted our wind results, and higher unplanned outages in Canadian Coal.

Comparable net earnings for the full year ending Dec. 31, 2013 were $81 million, or $0.31 per share. A reported net loss of $71 million ($0.27 per share) was recorded for the full year ending Dec. 31, 2013 due to a number of one-time items and the impact of certain de-designated and ineffective hedges. Comparable net earnings and reported net loss for the three months ending Dec. 31, 2013 were $1 million and $66 million, respectively.

Over the past five years, TransAlta has invested a large amount of capital in growth projects in our core markets which is a key part of our strategy. To enhance our ability to continue to execute on our growth strategy and be competitive, TransAlta also announced today two key initiatives: the sale of our 50 per cent interest in CE Generation, Blackrock development and Wailuku to our partner in these holdings, MidAmerican Renewables for U.S.$193.5 million and the resizing of our dividend to an annualized amount of $0.72 per common share to align with our growth and financial objectives. These initiatives, combined with actions we have taken since late 2012, will enhance the Corporation's ability to execute its growth strategy, maintain a strong balance sheet and create shareholder value. Specifically, these two initiatives deliver a number of key benefits to security holders, including:

--  Increasing cash flow per share 
--  Providing an attractive, sustainable dividend 
--  Improving the Corporation's credit metrics and balance sheet 
--  Generating an additional $120 million per year in free cash flow 
--  Creating a stronger financial base for growing TransAlta and maintaining
    a strong balance sheet throughout the commodity cycle

"Our growth strategy is unchanged and our ability to execute is enhanced through these two additional initiatives," said Dawn Farrell, President and CEO. "An attractive, sustainable dividend continues to be an important part of our approach to delivering value to shareholders. In addition, a strong investment grade balance sheet is critical for enhancing our ability to compete for growth opportunities."

2014 Outlook

TransAlta expects comparable EBITDA for 2014 to be in the range of $1,015 and $1,065 million based on the current outlook for power prices in Alberta and the Pacific Northwest. Free Cash Flow is expected to be in the range of $293 to $343 million, or $1.07 and $1.26 per share, based on sustaining capital expenditures of approximately $350 million. With the revised dividend, our expected dividend is 57 per cent to 67 per cent of Free Cash Flow.

Recent Strategic Accomplishments

--  Announced sale of CE Generation, Blackrock development and Wailuku to
    MidAmerican Renewables 
--  The TAMA Transmission partnership between TransAlta and MidAmerican
    Transmission successfully qualified to compete in the next phase of the
    competitive bid process within Alberta for the Fort McMurray West 500 kV
    Transmission Project. 
--  Established the Fortescue River Gas Pipeline joint venture to build and
    own a $178 million natural gas pipeline in Western Australia to better
    serve our customers within that region. TransAlta's interest in the
    joint venture is 43 per cent. 
--  Concluded a long-term contract extension with BHP Billiton's Nickel West
    operations in Western Australia for 245 MW. 
--  Completed the acquisition of TransAlta's first wind project in the
    United States. An economic interest in the 144 MW wind farm in Wyoming
    was purchased by TransAlta's majority owned subsidiary, TransAlta
    Renewables Inc. ("TransAlta Renewables"). 
--  Formation of TransAlta Renewables. a sponsored vehicle by TransAlta. The
    29 facilities within TransAlta Renewables are fully operational and 100
    per cent contracted.  
--  Executed 24-year contract with the City of Riverside in California for
    86 MW at CalEnergy LLC. 
--  Executed 24-year contract with Salt River Project in Arizona for 50 MW
    at CalEnergy LLC. 
--  Executed a 20-year contract with the Ontario Power Authority for 74 MW
    from the Ottawa Gas Facility.

Q4 2013 compared to Q4 2012

--  Comparable EBITDA of $242 million down from $312 million for the same
    period last year 
--  Funds from Operations of $179 million down from $214 million for the
    same period last year 
--  Free Cash Flow of $61 million down from $74 million in 2012 
--  Availability of 91.8 per cent

Full year 2013 compared to full year 2012

--  Comparable EBITDA of $1,023 million up from $1,015 million in 2012 
--  Funds from operations of $729 million down from $788 million in 2012 
--  Free cash flow of $295 million, an increase of $37 million from 2012 
--  Adjusted availability(2) of 87.8 per cent as compared to our annual
    target of 89 to 90 per cent. Lower availability is primarily attributed
    to the force majeure at Keephills Unit 1

Full Year Business Line Review by Segment


--  Canadian Coal: Comparable EBITDA decreased $64 million to $309 million
    compared to $373 million in 2012. The main impact to the business in
    2013 was increased unplanned outages compared to 2012 that could not be
    offset by lower planned outages. We also took over the Highvale Mine in
    2013 and expanded the mine to be able to deliver coal to all six
    Sundance units and all three Keephills units. Planned major maintenance
    for this business sector has returned to normal levels after a large
    capital program in 2012 was completed. 
--  U.S. Coal: Comparable EBITDA decreased $82 million to $66 million in
    2013 compared to $148 million in 2012. The decline in comparable EBITDA
    was primarily due to weak merchant pricing and the expiry of contracts.
    Fuel costs were lower in 2013 reflecting re-negotiated coal and rail
    costs. Capital was reduced significantly due to the long period of
    economic curtailment of these units under low prices. 
--  Gas: Comparable EBITDA increased $15 million to $327 million in 2013
    compared to $312 million in 2012 primarily due to a full year of income
    from the Solomon power plant that was acquired in late 2012 and stronger
    merchant pricing in our Alberta business. Capital expenditures in this
    business were up $9 million to $58 million compared to 2012. 
--  Wind: Comparable EBITDA increased $29 million to $180 million in 2013
    compared to $151 million in 2012 primarily due to higher prices in the
    Alberta market and the commencement of operations at the New Richmond
    facility in Quebec. 
--  Hydro: Comparable EBITDA increased $20 million to $147 million in 2013
    compared to $127 million in 2012 primarily due to favourable pricing in
    the Alberta market.

Energy Trading

--  Comparable EBITDA increased $74 million to $61 million in 2013 compared
    to a loss of $13 million in 2012 due to strong trading performance
    across all markets and prudent management of risk.


--  OM&A expense decreased $16 million to $66 million in 2013 compared to
    $82 million in 2012 primarily due to lower compensation costs as a
    result of restructuring in the fourth quarter of 2012 and a continued
    focus on managing costs.

Full Year Consolidated Financial Review

Comparable EBITDA increased $8 million to $1,023 million in 2013 from $1,015 million for 2012, reflecting the higher gross margins in Gas, Wind, Hydro and Energy Trading, which more than offset higher unplanned outages in Canadian Coal and lower pricing within our U.S. Coal business.

Despite higher comparable EBITDA, Funds from Operations for the year decreased $59 million to $729 million from $788 million for the same period last year primarily due to higher interest expenses and cash taxes, and differences in timing of cash proceeds associated with power hedges and coal inventories.

Free Cash Flow increased $37 million to $295 million in 2013 from $258 million in 2012 primarily due to lower sustaining capital expenditures associated with fewer planned outages in 2013 relative to 2012.

Comparable earnings for the year were $81 million ($0.31 per share) down from $117 million ($0.50 per share) in 2012. The decrease in comparable earnings is primarily due to an increase in depreciation and amortization, income taxes, and net interest, partially offset by an increase in comparable EBITDA.

A reported net loss of $71 million ($0.27 per share) was recorded for the year compared to a net loss of $615 million ($2.62 per share) last year. This year over year change is primarily driven by a decrease in asset impairment charges of $342 million, a decrease in costs associated with the return of Sundance Units 1 and 2 to service of $170 million, a decrease in the impact of write off of deferred income tax assets of $141 million partially offset by a provision of $42 million associated with a potential settlement related to California power markets during the 2000-2001 period.

Full Year Operating Review

--  Fleet availability, including finance leases and equity investments, was
    85.5 per cent compared to 88.4 per cent last year. Adjusting for
    economic dispatching at Centralia Thermal in our U.S. Coal business,
    availability was 87.8 per cent compared to 90.0 per cent in 2012. The
    decrease is mainly due to higher unplanned outages in our Canadian Coal
    business at the Alberta coal PPA facilities and the Keephills Unit 1
    force majeure outage, partially offset by lower planned outages at the
    Alberta coal facilities. 
--  We completed the four major outages scheduled for 2013. 
--  Total sustaining expenditures were $341 million for the year compared to
    $439 million last year. Sustaining expenditures fell within our target
    range of $295-$345 million for 2013. 

Significant Events

Sale of CE Generation

On Feb.20, 2014, we announced the sale of our 50 per cent interest in CE Generation, Blackrock development and Wailuku to our partner in these holdings, MidAmerican Renewables for a price of U.S. $193.5 million.

Revised Dividend

On Feb. 20, 2014, our Board of Directors declared a quarterly dividend of $0.18 per common share (or $0.72 per common share on an annualized basis).

Sundance Unit 6 Agreement

On Feb. 19, 2014, we reached an agreement with the PPA Buyer related to the dispute on Sundance Unit 6. We don't expect any material impact to the financial statements as a result of the agreement.

Wyoming Wind Acquisition

On Dec. 20, 2013, we completed the acquisition, through one of our wholly owned subsidiaries, of a 144 MW wind farm in Wyoming for approximately U.S.$102 million from an affiliate of NextEra Energy Resources, LLC. The wind farm is fully operational and contracted under a long-term PPA until 2028 with an investment grade counterparty. An economic interest in the wind farm was acquired by TransAlta Renewables from TransAlta in consideration for a payment equal to the original purchase price of the acquisition.

Western Australia Contract Extension

On Oct. 30, 2013, we announced a long-term contract extension to supply power to the BHP Billiton Nickel West operations in Western Australia from our Southern Cross Energy facilities ("Southern Cross"). The extension is effective immediately and replaces the previous contract which was set to expire at the beginning of 2014.

Operating since 1996, Southern Cross has a total installed capacity of 245 MW from the Kambalda, Mt. Keith, Leinster, and Kalgoorlie power stations.

Ottawa Facility's Long-term Contract with Ontario Power Authority

On Aug. 30, 2013, we announced the execution of an agreement for a 20-year power supply term with the Ontario Power Authority for our Ottawa gas facility, effective January 2014. Under the new deal, the plant has become dispatchable. This will assist in reducing the incidents of surplus baseload generation in the market, while maintaining the ability of the system to reliably produce energy when it is needed.

This new contract will benefit our shareholders by providing long-term stable earnings from this facility and is also expected to benefit ratepayers of Ontario by securing attractively priced capacity from this existing facility, reducing the need for new capacity to be built in the future and allowing hospitals in the area to continue to be served with the steam they need for heat and other energy processes, in an environmentally friendly manner.

TransAlta Renewables

On Aug. 9, 2013, we transferred 28 indirectly owned wind and hydroelectric generating assets to TransAlta Renewables through the sale of all the issued and outstanding shares of two subsidiaries: Canadian Hydro Developers, Inc. and Western Sustainable Power Inc. The initial public offering resulted in an aggregate of 22.1 million common shares being issued for gross proceeds to TransAlta Renewables of $221 million. TransAlta, directly and indirectly, holds 92.6 million common shares, representing approximately 80.7 per cent of the common shares in TransAlta Renewables.

Sundance Units 1 and 2 Return to Service

In December 2010, Units 1 and 2 of our Sundance facility were shut down due to conditions observed in the boilers at both units. On July 20, 2012, an arbitration panel concluded that Unit 1 and Unit 2 were not economically destroyed and required TransAlta to return these units to service. Unit 1 returned to service on Sept. 2, 2013 and Unit 2 returned to service on Oct. 4, 2013.

The following table depicts key financial results and statistical operating data:

Fourth Quarter and 12 Months Ended Dec. 31 2013 Highlights

                          3 months      3 months    12 months     12 months 
In $CAD millions,            ended         ended        ended         ended 
 unless otherwise     December 31,  December 31, December 31,  December 31, 
 stated                       2013          2012         2013          2012 
Adjusted availability                                                       
 (%)(2)                       91.8          89.4         87.8          90.0 
Production (GWh)            12,640        10,880       42,482        38,750 
Revenue                        587           646        2,292         2,210 
Comparable EBITDA(1)           242           312        1,023         1,015 
Reported Net Earnings                                                       
 (loss) attributable                                                        
 to common                                                                  
 shareholders                  (66)           39          (71)         (615)
Comparable Net                                                              
 attributable to                                                            
 shareholders(1)                 1            55           81           117 
Funds from                                                                  
 Operations(1)                 179           214          729           788 
Cash Flow from                                                              
 Operating Activities          165           245          765           520 
Free Cash Flow(1)               61            74          295           258 
Basic and Diluted                                                           
 Earnings (loss) per                                                        
 common share                (0.25)         0.15        (0.27)        (2.62)
Comparable Earnings                                                         
 per share(1)                 0.00          0.22         0.31          0.50 
Funds from Operations                                                       
 per share(1)                 0.67          0.84         2.76          3.35 
Free Cash Flow per                                                          
 share(1)                     0.23          0.29         1.12          1.10 
Dividends paid per                                                          
 common share                 0.29          0.29         1.16          1.16 
(1) Comparable EBITDA refers to Earnings before interest, taxes,            
depreciation and amortization including finance lease income and adjusted   
for certain other items. Free Cash Flow refers to Funds from Operations less
sustaining capital less preferred dividends less non-controlling interest   
payments. Comparable EBITDA, comparable net earnings attributable to common 
shareholders, funds from operations, free cash flow, comparable earnings per
share, funds from operations per share, and free cash flow per share are not
defined under International Financial Reporting Standards ("IFRS").         
Presenting these measures from period to period provides supplemental       
information to help management and shareholders evaluate earnings' and cash 
flow trends in comparison with prior periods' results. Refer to the Non-IFRS
Measures section of our Management's Discussion and Analysis ("MD&A") for   
further discussion of these items.                                          
(2) Adjusted for economic dispatching at Centralia Thermal, but not for     
Keephills Unit 1 force majeure.                                             

The complete report for the quarter, including MD&A and unaudited interim financial statements, as well as our quarterly presentation, will be available on the Investors section of our website:

Dividend Declarations

The Board of Directors of TransAlta today declared a quarterly dividend of $0.18 per share on common shares payable on April 1, 2014 to shareholders of record at the close of business March 4, 2014.

The Board of Directors of TransAlta also declared a quarterly dividend of $0.2875 per share on TransAlta's issued and outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series A, payable on March 31, 2014 to shareholders of record at the close of business on March 4, 2014.

The Board of Directors of TransAlta also declared a quarterly dividend of $0.2875 per share on TransAlta's issued and outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series C, payable on March 31, 2014 to shareholders of record at the close of business on March 4, 2014.

The Board of Directors of TransAlta also declared a quarterly dividend of $0.3125 per share on TransAlta's issued and outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series E, payable on March 31, 2014 to shareholders of record at the close of business on March 4, 2014.

TransAlta files year end disclosure documents

TransAlta also announced today it has filed its Annual Information Form, Audited Consolidated Financial Statements and accompanying notes, as well as its MD&A. These documents will be available through TransAlta's website at or through Sedar at

TransAlta has also filed its 40-F with the U.S. Securities and Exchange Commission. The form is available through their website at Paper copies of all documents are available to shareholders free of charge upon request.

Conference call

We will hold a conference call and web cast at 7:00 a.m. MT (9:00 a.m. ET) today to discuss fourth quarter, full year 2013 results and 2014 Outlook, as well as the asset sale and revised dividend. The call will begin with formal remarks by Dawn Farrell, President and CEO, and Brett Gellner, Chief Financial Officer and Chief Investment Officer, followed by a question and answer period for investment analysts, investors and other interested parties. A question and answer period for the media will immediately follow. Please contact the conference operator five minutes prior to the call, noting "TransAlta Corporation" as the company and "Brent Ward" as moderator.

Dial-in numbers:

Toll-free North American participants call: 1-800-319-4610

Outside of Canada & USA call: 1-604-638-5340

A link to the live webcast will be available on the Investor Centre section of TransAlta's website at If you are unable to participate in the call, the instant replay is accessible at 1-800-319-6413 (Canada and USA toll free) or 1-604-638-9010 (Outside of Canada) with TransAlta pass code 2231 followed by the # sign. A complete copy of TransAlta's fourth quarter extended news release is available in the Investor Centre section of our website: A transcript of the broadcast will be posted on the website once it becomes available. Note: If using a hands-free phone, lift the handset and press one to ask a question.

TransAlta is a power generation and wholesale marketing company focused on creating long-term shareholder value. TransAlta maintains a low-to-moderate risk profile by operating a highly contracted portfolio of assets in Canada, the United States and Australia. TransAlta's focus is to efficiently operate wind, hydro, natural gas and coal facilities in order to provide customers with a reliable, low-cost source of power. For over 100 years, TransAlta has been a responsible operator and a proud contributor to the communities in which it works and lives. TransAlta has been selected by Sustainalytics as one of Canada's Top 50 Socially Responsible Companies since 2009 and is recognized globally for its leadership on sustainability and corporate responsibility standards by FTSE4Good.

This news release contains forward looking statements, including statements regarding the business and anticipated financial performance of TransAlta Corporation. In particular, this news release contains forward-looking statements pertaining to the sale of the Corporation's interest in CE Generation, Blackrock development and Wailuku to the MidAmerican Renewables, a potential settlement related to California power markets as well as the Corporation's expectations for its 2014 comparable EBITDA, Free Cash Flow, sustaining capital expenditures and dividend payout These statements are based on TransAlta Corporation's belief and assumptions based on information available at the time the assumptions were made. These statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements. Some of the factors that could cause such differences include: operational risks involving our facilities, market prices where we operate, unplanned outages at generating facilities and the capital investments required, equipment failure and our ability to carry out repairs in a cost effective manner or timely manner, the effects of weather, disruptions in the source of fuels, water, or wind required to operate our facilities, energy trading risks, failure to obtain necessary regulatory approvals in a timely fashion, legislative or regulatory developments, competition, global capital markets activity, changes in prevailing interest rates, currency exchange rates, inflation levels, commodity prices, general economic conditions in geographic areas where TransAlta Corporation operates and successful completion of the conditions applicable to the sale of CE Generation, Blackrock development and Wailuku.

Note: All financial figures are in Canadian dollars unless noted otherwise.

Investor inquiries:
TransAlta Corporation
Brent Ward
Director, Corporate Finance and Investor Relations
1-800-387-3598 in Canada and U.S.
[email protected]

Media inquiries:
TransAlta Corporation
Stacey Hatcher
Senior Corporate Relations Advisor
Cell: 587-216-2242 or Toll-free media number: 1-855-255-9184
Alternate local number: 403-267-2540

More Stories By Marketwired .

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

@ThingsExpo Stories
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water, are pursuing SmartGrid initiatives that represent one of the more mature examples of SAE. We have s...
Disruptive macro trends in technology are impacting and dramatically changing the "art of the possible" relative to supply chain management practices through the innovative use of IoT, cloud, machine learning and Big Data to enable connected ecosystems of engagement. Enterprise informatics can now move beyond point solutions that merely monitor the past and implement integrated enterprise fabrics that enable end-to-end supply chain visibility to improve customer service delivery and optimize supplier management. Learn about enterprise architecture strategies for designing connected systems tha...
IoT is still a vague buzzword for many people. In his session at Internet of @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, will discuss the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. The presentation will also discuss how IoT is perceived by investors and how venture capitalist access this space. Other topics to discuss are barriers to success, what is new, what is old, and what the future may hold.
Whether you're a startup or a 100 year old enterprise, the Internet of Things offers a variety of new capabilities for your business. IoT style solutions can help you get closer your customers, launch new product lines and take over an industry. Some companies are dipping their toes in, but many have already taken the plunge, all while dramatic new capabilities continue to emerge. In his session at Internet of @ThingsExpo, Reid Carlberg, Senior Director, Developer Evangelism at, to discuss real-world use cases, patterns and opportunities you can harness today.
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!
Noted IoT expert and researcher Joseph di Paolantonio (pictured below) has joined the @ThingsExpo faculty. Joseph, who describes himself as an “Independent Thinker” from DataArchon, will speak on the topic of “Smart Grids & Managing Big Utilities.” Over his career, Joseph di Paolantonio has worked in the energy, renewables, aerospace, telecommunications, and information technology industries. His expertise is in data analysis, system engineering, Bayesian statistics, data warehouses, business intelligence, data mining, predictive methods, and very large databases (VLDB). Prior to DataArcho...
Software AG helps organizations transform into Digital Enterprises, so they can differentiate from competitors and better engage customers, partners and employees. Using the Software AG Suite, companies can close the gap between business and IT to create digital systems of differentiation that drive front-line agility. We offer four on-ramps to the Digital Enterprise: alignment through collaborative process analysis; transformation through portfolio management; agility through process automation and integration; and visibility through intelligent business operations and big data.
There will be 50 billion Internet connected devices by 2020. Today, every manufacturer has a propriety protocol and an app. How do we securely integrate these "things" into our lives and businesses in a way that we can easily control and manage? Even better, how do we integrate these "things" so that they control and manage each other so our lives become more convenient or our businesses become more profitable and/or safe? We have heard that the best interface is no interface. In his session at Internet of @ThingsExpo, Chris Matthieu, Co-Founder & CTO at Octoblu, Inc., will discuss how thes...
Last week, while in San Francisco, I used the Uber app and service four times. All four experiences were great, although one of the drivers stopped for 30 seconds and then left as I was walking up to the car. He must have realized I was a blogger. None the less, the next car was just a minute away and I suffered no pain. In this article, my colleague, Ved Sen, Global Head, Advisory Services Social, Mobile and Sensors at Cognizant shares his experiences and insights.
We are reaching the end of the beginning with WebRTC and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) ir...
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. It also ensured scalability and better service for customers, including MUY! Companies, one of the country's largest franchise restaurant companies with 232 Pizza Hut locations. This is one example of WebRTC adoption today, but the potential is limitless when powered by IoT. Attendees will learn rea...
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at Internet of @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, will share some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder ...
The Internet of Things (IoT) promises to create new business models as significant as those that were inspired by the Internet and the smartphone 20 and 10 years ago. What business, social and practical implications will this phenomenon bring? That's the subject of "Monetizing the Internet of Things: Perspectives from the Front Lines," an e-book released today and available free of charge from Aria Systems, the leading innovator in recurring revenue management.
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges.
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 mach...
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 s...
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 comprehe...
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...
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 Gridsto...