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

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Dana First-Quarter 2014 Results Reflect Strong Operating Performance

- Sales of $1.69 billion

MAUMEE, Ohio, April 25, 2014 /PRNewswire/ -- Dana Holding Corporation (NYSE: DAN) today announced results for the first quarter of 2014.

Sales were $1.688 billion, compared with $1.676 billion for the same period in 2013.  Favorable end-market demand in most regions provided a benefit of $56 million that was partially offset by unfavorable currency effects, principally in South America.

As of March 31, 2014, Dana changed the exchange rate for remeasuring the financial statements of its Venezuela operations from the official rate of 6.3 bolivars per U.S. dollar to the rate determined by an auction process as published by the Central Bank of Venezuela.  This rate was 10.7 bolivars per U.S. dollar at March 31, 2014, and resulted in a charge of $17 million in the first quarter of 2014.  This charge is reflected in Dana's net income and adjusted EBITDA.  In the first quarter of 2013, the Venezuelan government devalued the official rate from 4.3 to 6.3, resulting in a charge of $6 million.  These currency effects impacted Dana's Light Vehicle Driveline business in both periods.

Net income for the quarter was $34 million, compared with $42 million for the same period in 2013, and diluted adjusted earnings per share (EPS) was $0.32, compared with $0.28 in the first quarter of 2013.  Gross profit increased $20 million on higher sales of $12 million, reflecting favorable operating conversion on increased production demand.  Increased restructuring charges principally in South America, the impact of Venezuela currency effects, and higher interest and tax expenses were offsetting factors.

Adjusted EBITDA for the quarter was $165 million, compared with $158 million a year ago.  Adjusted EBITDA margin of 9.8 percent in the quarter improved 40 basis points when compared with last year.  This improvement reflected the benefit of increased production volumes and continued cost discipline despite significant currency headwinds, most notably in Venezuela.  As highlighted above, Venezuela currency effects lowered Dana's adjusted EBITDA by about 100 basis points in the first quarter of this year and about 35 basis points in 2013.  Excluding the impact of the Venezuela currency devaluation charge, adjusted EBITDA margin performance in the first quarter of 2014 was 10.8 percent.    

Free cash flow was a use of $36 million in the quarter, compared with a use of $44 million a year ago. Seasonal trade working capital requirements, interest payments of $57 million, and capital spending of $36 million were the primary net cash uses in the quarter.  Free cash flow in this year's first quarter included $40 million of proceeds from the sale of a note receivable that represented prior period interest.  Total cash used in the first three months of 2014 was $117 million, including $64 million for repurchases of common stock and $22 million for debt retirement.

Business Unit Results for the First Quarter

Light Vehicle Driveline Technologies:
Sales were $618 million in the first quarter of 2014, compared with $619 million last year.  Increased end-market demand for light trucks in North America was muted by unfavorable currency, principally in South America, and weak demand in India and Thailand.  Segment EBITDA for the quarter was $30 million, or 4.9 percent of sales, and included a $17 million charge for devaluation of the Venezuela bolivar.  This result compares with segment EBITDA of $41 million in the first quarter of 2013, which also included a devaluation charge for Venezuela of $6 million.

Commercial Vehicle Driveline Technologies:
Sales were $457 million in the first quarter of 2014, compared with $458 million last year.  Improved end-market demand in Europe, South America, and North America was offset by unfavorable currency.  Segment EBITDA for the first quarter of 2014 was $44 million, or 9.6 percent of sales, representing a margin improvement of 60 basis points when compared with last year's segment EBITDA of $41 million.

Off-Highway Driveline Technologies:
Sales were $341 million in the first quarter of 2014, compared with $343 million last year.  Favorable currency, reflecting the strength of the Euro, was offset by lower demand, principally mining-related equipment, when compared with 2013.  Segment EBITDA for the first quarter of 2014 was $42 million, or 12.3 percent of sales, representing a margin improvement of 30 basis points when compared with last year's segment EBITDA of $41 million.

Power Technologies:
Sales were $272 million in the first quarter of 2014, compared with $256 million last year, reflecting improved market demand in both North America and Europe.   Segment EBITDA for the first quarter of 2014 was $44 million, or 16.2 percent of sales, representing a margin improvement of 210 basis points when compared with last year's segment EBITDA of $36 million.

Share Repurchase Program
During the first quarter of 2014, Dana executed $64 million of share repurchases under its share repurchase program.  Since the start of the program in late 2012, Dana has returned $893 million to shareholders and has reduced its fully diluted share count by 42 million, or about 20 percent. At the end of March 2014, $107 million remained under Dana's existing $1 billion share repurchase program.

"Continuing our momentum from 2013, Dana's first-quarter results were in line with our expectations, even with the continued instability in Venezuela and the resulting currency effects reflected in our earnings results.  We continued to improve our operating margin performance, with strong results posted across most of our business units," said company President and Chief Executive Officer Roger J. Wood.  "As our end markets expand in the future, we are well positioned to profitably grow the top line through booked business and new sales awards while achieving continued margin expansion and strong cash flow generation."

2014 Financial Targets Affirmed

Dana expects its operations to be impacted by continued emerging market volatility, as the rest of 2014 unfolds, with the opportunity for improving demand in the commercial-vehicle and, to a lesser extent, off-highway markets. Accordingly, Dana has affirmed its financial targets for full-year 2014, with expected results at the low end of the range for full-year sales, adjusted EBITDA, and diluted adjusted EPS:

  • Sales of approximately $6.8 to $6.9 billion;
  • Adjusted EBITDA of approximately $760 to $770 million;
  • Adjusted EBITDA as a percent of sales of approximately 11.2 percent;
  • Diluted adjusted EPS of approximately $1.82 to $1.86 (excluding the impact of share repurchases after March 31, 2014);
  • Capital spending of approximately $210 to $230 million; and
  • Free cash flow of $275 to $295 million.

The uncertainties surrounding the current environment in Venezuela present a potential challenge to our 2014 financial targets, which assume that automotive production in Venezuela resumes in the second half of this year. In the event that production does not resume as expected or that Dana is unable to obtain raw materials to cost effectively operate the business, the required statutory people cost and other carrying costs would reduce our earnings. We currently estimate that a scenario with nominal or no production during the last nine months of 2014 could reduce our full-year earnings by as much as $40 million.

"Although Venezuela currently poses challenge and uncertainty, elsewhere through the remainder of the year, we expect primarily stable end-market demand across most regions, with continued strength in full-frame light trucks and the opportunity for improving commercial-vehicle demand in North America." Mr. Wood said.  "While worldwide mining and construction-equipment markets remain sluggish, we are well positioned to capitalize upon a demand upswing in these important segments.  Our business units continue to work through the near-term currency and economic challenges presented by emerging markets such as South America, India, and Thailand, as well as capitalizing upon stronger demand in other markets. "

Customers Recognize Value in Dana Technologies
Dana continues to provide its customers with market-driven technologies designed to improve vehicle efficiency while positioning the company for profitable growth over the next several years. 

At this year's Mid-America Trucking Show in March, Dana announced the initial production of Spicer® AdvanTEK® 40 tandem axles with a select number of popular axle ratios, including the industry's fastest ratio of 2.26:1. This all-new 40,000-lb. tandem axle for a variety of Class 8 applications features market-leading design solutions that increase fuel economy, reduce vehicle weight, improve reliability, and decrease total ownership costs.

Dana's Spicer EconoTrek™ 6x2 tandem axle is also available for 2014 commercial vehicles.  Weighing up to 400 pounds less than a traditional 40,000-pound 6x4 tandem axle arrangement, the Spicer EconoTrek axle offers numerous innovations for reducing maintenance and increasing the fuel economy of heavy-duty linehaul tractors by 2 to 3 percent.

Further supporting Dana's commitment to long-term growth, the company announced at CONEXPO/CON-AGG last month its R2 hydromechanical variable transmission (HVT) – the latest powersplit system resulting from the joint venture between Dana Holding Corporation and Bosch Rexroth AG – is undergoing bench testing in the final validation stage of development.  Engineers expect the R2 HVT to enter field testing across a wide spectrum of market vehicles by the end of the year, with production slated to begin within the next 12 months.

Dana is also expanding the development of its Spicer® PowerBoost® hydraulic-hybrid system for the off-highway market.  In February, the company launched field tests of a telescopic boom handler powered by a 111 hp engine that is also  equipped with Dana's pioneering hydraulic-hybrid technology.

New Technologies Announced
Dana recently introduced several new technologies to market, including the Spicer® D-Series steer axles that will enable improved vehicle stopping power and reduced maintenance without the added weight that typically results from specifying air disc brakes.

The company also presented additions to the company's family of Spicer® E-Series steer axles that deliver best-in-class performance and durability with up to 35 pounds less weight.

Dana recently introduced upgraded Spicer® 37R and Spicer® 43R axles and a Spicer® Wing™ Series driveshaft. This system flexibility allows machine designers to configure a series of vehicles in a single power range that offer a variety of basic to advanced features while requiring a minimum of alterations to the design envelope.

Designed with multi-layer steel (MLS) inserts, Dana's new Victocor® 500 gasket takes sealing to the next level, helping heavy-duty engines achieve high mileage by meeting extreme durability, high-stress, and pressure requirements for over-the-road hauling.

Dana to Host Conference Call at 10 a.m. Today
Dana will discuss its first quarter in a conference call at 10 a.m. EDT today.  Participants may listen to the conference call via audio streaming online or telephone.  Slide viewing is available via Dana's investor website: www.dana.com/investorsUnited States and Canadian locations should dial 1-888-311-4590 and international locations should call 1-706-758-0054, and enter 26877924.  Please ask for the "Dana Holding Corporate Financial Webcast and Conference Call."  Phone registration will be available starting at 9:30 a.m. 

An audio recording of the webcast will be available after 5 p.m. today; dial 1-855-859-2056 (U.S. or Canada) or 1-404-537-3406 (international) and enter 26877924.  A webcast replay will be available after 5 p.m. today, and may be accessed via Dana's investor website.

Non-GAAP Financial Information
This release refers to adjusted EBITDA, a non-GAAP financial measure, which we have defined as earnings from continuing and discontinued operations before interest, taxes, depreciation, amortization, equity grant expense, restructuring expense and other nonrecurring items (gain/loss on debt extinguishment or divestitures, impairment, etc.). Adjusted EBITDA is a primary driver of cash flows from operations and a measure of our ability to maintain and continue to invest in our operations and provide shareholder returns. Adjusted EBITDA should not be considered a substitute for income (loss) before income taxes, net income (loss) or other results reported in accordance with GAAP.   Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies.

Diluted adjusted EPS is a non-GAAP financial measure, which we have defined as adjusted net income divided by adjusted diluted shares.  We define adjusted net income as net income (loss) attributable to the parent company, excluding any nonrecurring income tax items, restructuring and impairment expense, amortization expense and other nonrecurring items (as used in adjusted EBITDA), net of any associated income tax effects.  We define adjusted diluted shares as diluted shares as determined in accordance with GAAP based on adjusted net income.  This measure is considered useful for purposes of providing investors, analysts and other interested parties with an indicator of ongoing financial performance that provides enhanced comparability to EPS reported by other companies.  Diluted adjusted EPS is neither intended to represent nor be an alternative measure to diluted EPS reported under GAAP.

Free cash flow is a non-GAAP financial measure, which we have defined as cash provided by (used in) operating activities, less purchases of property, plant and equipment.  We believe this measure is useful to investors in evaluating the operational cash flow of the company inclusive of the spending required to maintain the operations.  Free cash flow is neither intended to represent nor be an alternative to the measure of net cash provided by (used in) operating activities reported under GAAP.  Free cash flow may not be comparable to similarly titled measures reported by other companies.

The accompanying financial information provides reconciliations of adjusted EBITDA, diluted adjusted EPS and free cash flow to the most directly comparable financial measures calculated and presented in accordance with GAAP.

Please reference the "Non-GAAP financial information" accompanying our quarterly earnings conference call presentations on our website at www.dana.com/investors for our GAAP results and the reconciliations of these measures, where used, to the comparable GAAP measures.

Forward-Looking Statements
Certain statements and projections contained in this news release are, by their nature, forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change.  Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words.  These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. 

Dana's Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss important risk factors that could affect our business, results of operations and financial condition.  The forward-looking statements in this news release speak only as of this date. Dana does not undertake any obligation to revise or update publicly any forward-looking statement for any reason.

About Dana Holding Corporation
Dana is a global leader in the supply of highly engineered driveline, sealing, and thermal-management technologies that improve the efficiency and performance of vehicles with both conventional and alternative-energy powertrains.  Serving three primary markets – passenger vehicle, commercial truck, and off-highway equipment – Dana provides the world's original-equipment manufacturers and the aftermarket with local product and service support through a network of nearly 100 engineering, manufacturing, and distribution facilities.  Founded in 1904 and based in Maumee, Ohio, the company employs 23,000 people in 26 countries on six continents.  In 2013, Dana generated sales of $6.8 billion.  For more information, please visit dana.com.

 

 DANA HOLDING CORPORATION 

 Consolidated Statement of Operations (Unaudited) 

 For the Three Months Ended March 31, 2014 and 2013 








Three Months Ended

 (In millions except per share amounts) 


March 31, 



2014


2013

 Net sales 


$      1,688


$      1,676

 Costs and expenses 





     Cost of sales 


1,454


1,462

     Selling, general and administrative expenses 


105


103

     Amortization of intangibles 


13


19

     Restructuring charges, net 


9


2

     Other income (expense), net 


(6)


2

 Income from continuing operations before 





     interest expense and income taxes 


101


92

 Interest expense 


30


21

 Income from continuing operations before 





     income taxes 


71


71

 Income tax expense 


34


27

 Equity in earnings of affiliates 


1


4

 Income from continuing operations 


38


48

 Income (loss) from discontinued operations 


(1)


2

 Net income 


37


50

     Less: Noncontrolling interests net income 


3


8

 Net income attributable to the parent company 


34


42

 Preferred stock dividend requirements 


3


8

 Net income available to common stockholders 


$            31


$            34






 Net income per share available to parent 





     company common stockholders: 





    Basic: 





         Income from continuing operations 


$        0.21


$        0.22

         Income (loss) from discontinued operations 


$              -


$        0.01

         Net income 


$        0.21


$        0.23

    Diluted: 





         Income from continuing operations 


$        0.19


$        0.18

         Income (loss) from discontinued operations 


$              -


$        0.01

         Net income 


$        0.19


$        0.19

 Weighted-average common shares outstanding 





    Basic 


150.7


148.0

    Diluted 


177.0


214.4






Dividends declared per common share


$        0.05


$        0.05

 

 DANA HOLDING CORPORATION 

 Consolidated Statement of Comprehensive Income (Unaudited) 

 For the Three Months Ended March 31, 2014 and 2013 












Three Months Ended

 (In millions) 


March 31, 





2014


2013

 Net income 


$            37


$            50


 Less: Noncontrolling interests net income 


3


8

 Net income attributable to the parent company 


34


42








 Other comprehensive income (loss) attributable to  





   the parent company, net of tax: 






Currency translation adjustments


(12)


(17)


Hedging gains and losses




3


Investment and other gains and losses




1


Defined benefit plans


7


8


Other comprehensive loss attributable to the







parent company


(5)


(5)








 Other comprehensive income (loss) attributable to 





   noncontrolling interests, net of tax: 






Currency translation adjustments


(1)


(2)


Other comprehensive loss attributable to 







noncontrolling interests


(1)


(2)








Total comprehensive income attributable






to the parent company


29


37

Total comprehensive income attributable






to noncontrolling interests


2


6

Total comprehensive income


$            31


$            43








 

 DANA HOLDING CORPORATION 

 Consolidated Balance Sheet 

 As of March 31, 2014 and December 31, 2013 







 (In millions except share and per share amounts) 




March 31, 


December 31, 

 Assets 


2014


2013

 Current assets 




 Cash and cash equivalents 

$    1,116


$       1,256

 Marketable securities 

144


110

 Accounts receivable 





Trade, less allowance for doubtful accounts of $6 in 2014 and $7 in 2013 

961


793


Other 

151


223

 Inventories 

723


670

 Other current assets 

124


113



Total current assets 

3,219


3,165

 Goodwill 

106


106

 Intangibles 

215


227

 Other noncurrent assets 

192


196

 Investments in affiliates 

206


210

 Property, plant and equipment, net 

1,220


1,225



Total assets 

$    5,158


$       5,129







 Liabilities and equity 




 Current liabilities 




 Notes payable, including current portion of long-term debt 

$         32


$            57

 Accounts payable 

939


804

 Accrued payroll and employee benefits 

141


161

 Accrued restructuring costs 

13


14

 Taxes on income 

47


35

 Other accrued liabilities 

183


197



 Total current liabilities 

1,355


1,268

 Long-term debt 

1,568


1,567

 Pension and postretirement obligations 

514


530

 Other noncurrent liabilities 

344


351



 Total liabilities 

3,781


3,716

 Commitments and contingencies 




 Parent company stockholders' equity 





Preferred stock, 50,000,000 shares authorized 






Series B, $0.01 par value, 2,101,384 and 3,803,774 shares outstanding 

206


372


Common stock, $0.01 par value, 450,000,000 shares authorized, 






157,148,833 and 145,338,342 outstanding 

2


2


Additional paid-in capital 

3,015


2,840


Accumulated deficit 

(788)


(812)


Treasury stock, at cost (21,914,062 and 18,742,288 shares) 

(431)


(366)


Accumulated other comprehensive loss 

(732)


(727)



Total parent company stockholders' equity 

1,272


1,309

 Noncontrolling equity 

105


104



Total equity 

1,377


1,413



Total liabilities and equity 

$    5,158


$       5,129







 

 DANA HOLDING CORPORATION 

 Consolidated Statement of Cash Flows (Unaudited) 

 For the Three Months Ended March 31, 2014 and 2013 








Three Months Ended

 (In millions) 

March 31, 



2014


2013

 Operating activities 




 Net income 

$            37


$            50

 Depreciation 

40


42

 Amortization of intangibles 

15


22

 Amortization of deferred financing charges 

1


1

 Unremitted earnings of affiliates 

1


(4)

 Stock compensation expense 

4


5

 Deferred income taxes 

(1)


(2)

 Pension contributions, net 

(2)


(16)

 Interest payment received on payment-in-kind note receivable 

40



 Change in working capital 

(145)


(109)

 Other, net 

10


(4)

 Net cash provided by (used in) operating activities (1) 

-


(15)






 Investing activities 




 Purchases of property, plant and equipment (1) 

(36)


(29)

 Acquisition of business 



(4)

 Principal payment received on payment-in-kind note receivable 

35



 Purchases of marketable securities 

(35)


(3)

 Proceeds from maturities of marketable securities 

2


1

 Other 

4


3

 Net cash used in investing activities 

(30)


(32)






 Financing activities 




 Net change in short-term debt 

(10)


(3)

 Proceeds from long-term debt 

1


53

 Repayment of long-term debt 

(12)


(30)

 Dividends paid to preferred stockholders 

(2)


(8)

 Distributions paid to noncontrolling interests 

(1)


(1)

 Repurchases of common stock 

(64)


(24)

 Payments to acquire noncontrolling interests 



(7)

 Other 

1



 Net cash used in financing activities 

(87)


(20)






 Net decrease in cash and cash equivalents 

(117)


(67)

 Cash and cash equivalents − beginning of period 

1,256


1,059

 Effect of exchange rate changes on cash balances 

(23)


(11)

 Cash and cash equivalents − end of period 

$      1,116


$         981






(1) Free cash flow of ($36) in 2014 and ($44) in 2013 is the sum of net cash provided by (used in) operating activities reduced by the purchases of property, plant and equipment.

 

DANA HOLDING CORPORATION 

Segment Sales & Segment EBITDA (Unaudited) 

For the Three Months Ended March 31, 2014 and 2013 






(In millions) 


Three Months Ended



March 31, 

Sales 


2014


2013

  Light Vehicle


$           618


$           619

  Commercial Vehicle


457


458

  Off-Highway


341


343

  Power Technologies


272


256

  Total Sales


$        1,688


$        1,676






Segment EBITDA 





  Light Vehicle


$             30


$             41

  Commercial Vehicle


44


41

  Off-Highway


42


41

  Power Technologies


44


36

Total Segment EBITDA 


160


159

Corporate expense and other items, net 


5


(1)

Adjusted EBITDA 


$           165


$           158






 

DANA HOLDING CORPORATION 

Reconciliation of Segment and Adjusted EBITDA 

to Net Income (Unaudited) 

For the Three Months Ended March 31, 2014 and 2013 






(In millions) 


Three Months Ended



March 31, 



2014


2013

Segment EBITDA 


$           160


$           159

  Corporate expense and other items, net


5


(1)

Adjusted EBITDA 


165


158

  Depreciation


(40)


(42)

  Amortization of intangibles


(15)


(22)

  Restructuring


(9)


(2)

  Strategic transaction and other items


(1)


(2)

  Recognition of unrealized gain on payment-in-kind note receivable


2



  Stock compensation expense


(4)


(5)

  Interest expense


(30)


(21)

  Interest income


3


7

Income from continuing operations before income taxes 


71


71

Income tax expense 


34


27

Equity in earnings of affiliates 


1


4

Income from continuing operations 


38


48

Income (loss) from discontinued operations 


(1)


2

Net income 


$             37


$             50






 

 DANA HOLDING CORPORATION 

 Diluted Adjusted EPS (Unaudited) 

 For the Three Months Ended March 31, 2014 and 2013 






 (In millions except per share amounts) 







Three Months Ended



March 31, 



2014


2013






 Net income attributable to parent company 


$             34


$             42

 Restructuring charges (1) 


9


2

 Amortization of intangibles (1) 


11


17

 Non-recurring items (1) 


3


(2)

 Adjusted net income 


$             57


$             59






 Diluted shares - as reported 


177


214

 Adjusted diluted shares 


177


214






 Diluted adjusted EPS 


$          0.32


$          0.28






 (1) Amounts are net of associated tax effect. 

SOURCE Dana Holding Corporation

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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) irreversibly encoded. In his session at Internet of @ThingsExpo, Peter Dunkley, Technical Director at Acision, will look at how this identity problem can be solved and discuss ways to use existing web identities for real-time communication.
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 real-world benefits of WebRTC and explore future possibilities, as WebRTC and IoT intersect to improve customer service.
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 of TeleStax, an Open Source Cloud Communications company that helps the shift from legacy IN/SS7 telco networks to IP-based cloud comms. An early investor in multiple start-ups, he still finds time to code for his companies and contribute to open source projects.
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 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.
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
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.
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.