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Denison Mines Corp. Reports Second Quarter 2014 Results

TORONTO, ONTARIO -- (Marketwired) -- 08/07/14 -- Denison Mines Corp. ("Denison" or the "Company") (TSX: DML)(NYSE MKT: DNN) today reported its results for the three months and six months ended June 30, 2014. All amounts in this release are in U.S. dollars unless otherwise stated.


--  Commenced a summer exploration program focused on a new discovery of
    high grade uranium mineralization, named the Gryphon Zone, which was
    discovered on the 60% owned Wheeler River property during the winter
    exploration program completed earlier in 2014. The Gryphon Zone was
    discovered by drill hole WR-556, which intersected high grade basement
    hosted uranium mineralization returning 21.2% U3O8 over 4.5 metres. The
    highlight from the summer exploration program, to date, is drill hole
    WR-569A, located 40 metres along strike southwest and 40 metres up dip
    of WR-556, which intersected a wide zone of alteration and
    mineralization with several high grade intervals, including 9.41% eU3O8
    over 3.7 metres and 5.27% eU3O8 over 5.9 metres. The Gryphon Zone is
    located 3.0 kilometres northwest of the Phoenix deposit.

--  Updated a mineral resource estimate in accordance with National
    Instrument 43-101 ("NI 43-101"), for the high grade Phoenix uranium
    deposit, on the Wheeler River property. After reporting several high
    grade intersections at Phoenix Zone A during the winter exploration
    program, including drill hole WR-548 which returned an assay of 36.83%
    U3O8 over 6.5 metres, the Company was able to successfully expand the
    zone of higher grade mineralization at Phoenix Zone A, and ultimately
    increase the estimate of indicated pounds U3O8 by 34% over the previous
    mineral resource estimate in 2012. The updated resource estimate
    includes an indicated mineral resource of 70,200,000 pounds U3O8
    (Denison's share, 42,120,000 pounds) based on 166,400 tonnes of
    mineralization at an average grade of 19.13% U3O8, and an inferred
    mineral resource of 1,100,000 pounds U3O8 (Denison's share, 660,000
    pounds) based on 8,600 tonnes of mineralization with an average grade of
    5.80% U3O8.

--  Construction and commissioning activities continued on the expansion and
    modifications of the McClean Lake mill in northern Saskatchewan. The ore
    slurry receiving and unloading system has been commissioned and
    construction of the Hydrogen Mitigation modifications is complete with
    commissioning underway. Initial ore feed expected late in the third
    quarter will be a blend of McClean Lake ore and Cigar Lake ore in order
    to introduce lower grade material into the mill circuits before
    transitioning to 100% high grade Cigar Lake ore. Production for 2014 is
    estimated to be up to 1,000,000 pounds U3O8 for the Cigar Lake joint
    venture ("CLJV") and approximately 100,000 pounds U3O8 (Denison's share,
    22,500 pounds) for the McClean Lake joint venture ("MLJV").

--  Completed the acquisition of International Enexco Limited ("IEC"), in
    June 2014, by acquiring all of the issued and outstanding common shares
    of IEC by way of a plan of arrangement. As a result of the transaction,
    Denison acquired IEC's uranium exploration assets, consisting of a 30%
    interest in the Mann Lake property and an additional 20% interest in
    Denison's Bachman Lake property. Partners in the Mann Lake exploration
    project include Cameco Corp. (52.5% interest) and AREVA Resources Canada
    Inc. (17.5% interest). Cameco Corp. is the operator. Mann Lake is
    located 25 kilometres southwest of the McArthur River mine and is on
    trend between Cameco Corp.'s Read Lake project and Denison's 60% owned
    Wheeler River project in the eastern Athabasca Basin.

--  Announced, on July 24, 2014, a "bought deal" private placement financing
    of 8,050,000 flow-through common shares of the Company at a price of
    CAD$1.62 per share for total gross proceeds of CAD$13,041,000 (the
    "Offering"). An option to purchase up to an additional 15% of the number
    of flow-through common shares in the Offering has also been granted to
    the underwriters. The Offering is expected to close on or about August
    12, 2014.

Financial Results

The Company recorded a net loss of $11,564,000 ($0.02 per share) and $24,231,000 ($0.05 per share) for the three months and six months ended June 30, 2014, compared with a net loss from continuing operations of $2,430,000 ($0.01 per share) and $7,899,000 ($0.02 per share) for the three months and six months ended June 30, 2013. The net loss for the six months ended June 30, 2014 includes mineral property exploration expenses of $10,185,000, foreign exchange losses of $10,053,000 and an impairment charge against the company's carrying value of mineral property of $1,658,000. The difference from prior year's net loss is primarily due to higher exploration expenses and foreign exchange losses.

                                   Three months ended      Six months ended

(in thousands, except for per     June 30,   June 30,   June 30,   June 30,
 share amounts)                       2014       2013       2014       2013

Results of Operations:
  Total revenues                 $   2,358  $   2,902  $   4,532  $   5,193
  Net income (loss)                (11,564)    (2,430)   (24,231)    (7,899)
  Basic and diluted earnings
   (loss)                            (0.02)     (0.01)     (0.05)     (0.02)

                                                         As at         As at
                                                      June 30,  December 31,
(in thousands)                                            2014          2013

Financial Position:
  Cash and cash equivalents                       $     19,134  $     21,786
  Short term investments                                 4,719        10,040
  Long term investments                                    794         5,901
  Cash, equivalents and investments                     24,647        37,727

  Working capital                                       19,652        29,391
  Property, plant and equipment                        289,212       281,010
  Total assets                                         327,509       330,969
  Total long-term liabilities                     $     40,294  $     41,283


Revenue from Denison Environmental Services ("DES") for the three and six months ended June 30, 2014 was $1,682,000 and $3,307,000 compared to $2,446,000 and $4,353,000 in the same periods in 2013. The decrease in revenue in 2014 was mainly due to a reduction in activity on certain care and maintenance projects.

Revenue from the Company's management contract with Uranium Participation Corp. ("UPC"), for the three and six months ended June 30, 2014, was $676,000 and $1,225,000, compared to $456,000 and $840,000 in the same periods in 2013. The increase in revenue is mainly due to fees earned in 2014 in connection with UPC's purchase of uranium.

Operating Expenses

In Canada, the expansion and modifications at the McClean Lake mill continued during the first half of 2014 with the Cigar Lake joint venture ("CLJV") continuing to pay nearly all of the expenses under the terms of a toll milling agreement. Completion of the commissioning of the Hydrogen Mitigation modifications to the leach circuit is expected late in the third quarter. The first shipment of ore from Cigar Lake was received at the McClean Lake mill in the first quarter. Ore shipments continued during the second quarter but have been temporarily suspended by the CLJV to allow for additional freezing to occur in certain areas of the Cigar Lake mine. As a result of the delay, toll milling of CLJV ore is not expected to commence until late in the third quarter.

Denison's share of operating costs in Canada, for the three and six months ended June 30, 2014, totaled $116,000 and $257,000 compared to $211,000 and $494,000 for the three and six months ended June 30, 2013. Operating costs decreased in 2014 primarily due to reductions in expenditures on the Surface Access Borehole Resource Extraction ("SABRE") program, which is not part of the stand-by costs paid by the CLJV.

In Africa, the Company completed engineering studies, metallurgical test work and environmental programs, originally initiated by Rockgate Capital Corp., on the recently acquired Falea project, during the first half of 2014. Operating expenses in Africa for the three and six months ended June 30, 2014 totaled $490,000 and $1,185,000, and were primarily attributable to the Falea project. Operating expenses in Africa for the three and six months ended June 30, 2013, by comparison, totaled $36,000 and $81,000.

Operating expenses also include costs relating to DES of $1,620,000 and $3,203,000 for the three and six months ended June 30, 2014, as compared to $2,102,000 and $4,039,000 for the same period in 2013. DES costs decreased in 2014 mainly due to a reduction in activity at certain care and maintenance sites, and variation in foreign exchange rates applicable on the translation of Canadian dollar expenses.

Mineral Property Exploration

Denison is engaged in uranium exploration and/or development in Canada, Zambia, Mali, Namibia, Niger and Mongolia. While the Company has material interests in uranium projects in Asia and Africa, the Company is focused primarily on the Eastern Athabasca Basin, in Saskatchewan, Canada, with numerous projects covering over 470,000 hectares.

Global exploration expenditures for the three and six months ended June 30, 2014 were $3,588,000 and $10,185,000 compared to $2,502,000 and $7,211,000 for the three and six months ended June 30, 2013, with over 90% of exploration expenditures being incurred in Canada during the first half of 2014. The increase in global exploration expenditures in 2014 is mainly due to an increase in exploration activity in Canada.

In Canada, Denison's share of exploration spending on its Canadian properties totaled $3,240,000 and $9,494,000 for the three and six months ended June 30, 2014 as compared to $2,306,000 and $6,479,000 for the three and six months ended June 30, 2013. The winter exploration program commenced in January 2014 and was completed in April 2014. The winter exploration program resulted in the expansion of the zone of higher grade mineralization at Zone A of the Phoenix deposit and the discovery of a new zone of high grade uranium mineralization, named the Gryphon Zone, also on the Wheeler River property. A summer exploration program, focused on the Gryphon Zone, commenced in mid-June 2014 with three of a planned 20 drill holes completed as of June 30, 2014.

In Zambia, exploration expenditures of $161,000 and $208,000 were incurred during the three and six months ended June 30, 2014. During the second quarter, the Company began geological mapping, geochemical sampling and excavator trenching programs at the Company's Mutanga project. During the same three and six months in 2013, exploration expenditures totaled $140,000 and $335,000.

In Mali, a field program consisting of geological mapping and surficial geochemistry orientation surveys was completed at the Falea project during the second quarter. Exploration expenditures totaled $123,000 and $152,000 during the three and six months ended June 30, 2014.

In Namibia, Rio Tinto Mining and Exploration Limited ("Rio") terminated its option to earn an interest in the Dome project under the provisions of an earn-in agreement between the parties. Rio discontinued activities at the site at the end of February 2014. The Company assumed operatorship of the project and is evaluating options for moving forward with the Dome project.

In Mongolia, exploration expenditures on the Company's Gurvan Saihan joint venture ("GSJV") properties totaled $43,000 and $290,000 for the three and six months ended June 30, 2014, compared to $56,000 and $397,000 for the three and six months ended June 30, 2013. Expenditures in Mongolia during the first half of 2014 and 2013 relate primarily to annual license payments required to maintain the GSJV properties in good standing while the Company continues to explore strategic alternatives regarding its ownership interest in the GSJV. The Company currently has an 85% interest in the GSJV, with Mon-Atom LLC holding the remaining 15% interest.

General and Administrative

General and administrative expenses totaled $2,103,000 and $4,506,000 for the three and six months ended June 30, 2014 compared with $2,049,000 and $3,952,000 for the three months and six ended June 30, 2013. These expenses consist primarily of payroll and related expenses for personnel, contract and professional services, stock option expense and other public company expenditures. General and administrative expenditures were higher in 2014 primarily due to higher performance bonuses paid, special project costs and minor restructuring costs.

Other Income and Expenses

Other expenses totaled $6,009,000 and $9,411,000 for the three and six months ended June 30, 2014 compared with other income of $1,329,000 and $400,000 for the three and six months ended June 30, 2013. The difference during the comparable six months ended June 30 is primarily due to an increase in foreign exchange losses relating to unfavourable foreign exchange rate movements in Mongolia and Zambia, partially offset by gains on the revaluation of investments to fair market value, the gain on sale of land holdings and a payment received in accordance with the option agreement granted to Strateco on Denison's Jasper Lake property.

Liquidity & Capital Resources

Cash and cash equivalents were $19,134,000 at June 30, 2014 compared with $21,786,000 at December 31, 2013. The decrease of $2,652,000 was primarily due to cash used in operations of $11,833,000, offset by cash provided by investing activities of $8,617,000.

Net cash used in operating activities of $11,833,000 in the six months ended June 30, 2014 is comprised of net loss for the period adjusted for non-cash items and changes in working capital items. Significant changes in working capital items during the period include an increase of $1,301,000 in trade and other receivables, offset by an increase of $2,315,000 in accounts payable and accrued liabilities. The increase in trade and other receivables and accounts payable is mainly due to the increase in activity at the McClean Lake mill, for which the CLJV is continuing to pay nearly all of the expenses under the terms of a toll milling agreement.

Net cash provided by investing activities of $8,617,000 consists primarily of cash provided by the sale or maturity of investments in debt instruments accounting for $9,525,000, partly offset by $644,000 in cash spent on property, plant and equipment, and $239,000 used to fund the Elliot Lake reclamation trust fund.

The Company maintains a revolving term credit facility (the "Credit Facility") for CAD$15,000,000. The use of the Credit Facility is restricted to the issuance of non-financial letters of credit and contains a covenant to maintain a tangible net worth of greater than or equal to $150,000,000. At June 30, 2014, the Company is in compliance with the covenants of the Credit Facility, and CAD$9,698,000 of the Credit Facility was being used as collateral for certain letters of credit.

Subsequent Events

On July 24, 2014, the Company entered into an agreement with Dundee Securities Ltd. (the "Underwriters"), under which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 8,050,000 flow-through common shares of the Company at a price of CAD$1.62 per share for total gross proceeds of CAD$13,041,000 (the "Offering"). The Underwriters have been granted the option to purchase up to an additional 15% of the number of flow-through common shares in the Offering, exercisable in whole or in part at any time up to 48 hours prior to closing of the Offering that is expected to occur on or about August 12, 2014. The Company intends to use the gross proceeds for Canadian exploration expenses and will agree to renounce such expenses to subscribers no later than December 31, 2014.

Outlook for 2014

The Company's exploration plans for 2014 remain largely unchanged at the end of the first half of the year. However, the Company's outlook for toll milling fees, uranium sales, and development / operating expenses for 2014 have changed as a result of the suspension of mining at Cigar Lake and the resulting delay in processing of Cigar Lake ore at the McClean Lake mill.

                                           Previous     Current   Actual to
                                             Budget     Outlook    June 30,
(in thousands)                              2014(1)     2014(1)     2014(3)
Canada (2)
  Mineral sales                          $    1,155           -           -
  Toll milling fees                             850         340           -
  Exploration                               (14,276)    (14,276)     (9,492)
  Development/operations                     (1,564)     (1,000)       (266)
                                            (13,835)    (14,936)     (9,758)
  Mali                                       (2,000)     (2,000)     (1,505)
  Zambia                                     (1,830)     (1,630)       (881)
                                             (3,830)     (3,630)     (2,386)
  Mongolia                                     (962)     (1,200)       (989)

Services and Other (2)
  Management fees and commissions             1,996       1,996       1,151
  Environmental services                        604         604         146
  Corporate general and administration       (4,433)     (4,952)     (3,211)
                                             (1,833)     (2,352)     (1,914)

Total                                    $  (20,460) $  (22,118) $  (15,047)

(1)  Only Denison's material operations are shown in the above table.
(2)  Budget figures have been converted using a US$ to CAD$ exchange rate of
(3)  The Company budgets on a cash basis. As a result, the actual figure
     represents a non-GAAP measure and excludes non-cash depreciation and
     amortization amounts of $672,000.


Mineral Property Exploration

The Company is planning to spend approximately CAD$15,000,000 on exploration activities in Canada during 2014. The Company has completed a significant winter exploration program in Canada and its summer exploration program, focused on certain high priority projects, is underway.

In addition to the 15,000 metre Wheeler River drill program, summer programs are also planned at Crawford Lake and Bachman Lake, where 4,200 metres (seven holes) of drilling is planned to target anomalies generated by geophysical surveys from earlier in 2014 and to follow up on drilling results from 2013. At McClean Lake, a six hole drilling program of 1,575 metres has already been completed. Denison is planning to carry out additional geophysical surveying on several properties during the summer.


At McClean Lake, initial ore feed expected late in the third quarter will be a blend of McClean Lake ore and Cigar Lake ore in order to introduce lower grade material into the mill circuits before transitioning to 100% high grade Cigar Lake ore. Production for 2014 is estimated to be up to 1,000,000 pounds U3O8 for CLJV and approximately 100,000 pounds U3O8 for MLJV. The decision by CLJV to delay mining will result in a portion of the toll milling revenue originally expected during the second half of 2014, received from processing Cigar Lake ore at the McClean Lake mill, to be deferred until 2015. Denison's share of operating and capital expenditures at the mill in 2014 are now estimated to be CAD$541,000. In addition, the Company's share of uranium production from McClean Lake ore to be processed in conjunction with Cigar Lake ore is now expected to be between 20,000 to 30,000 pounds U3O8 and will be available for sale in 2015.

Due to low uranium prices, the Midwest and McClean underground projects will continue to remain on stand-by in 2014. Total expenditures on these projects is estimated to be CAD$900,000 (Denison's share, CAD$212,000). While significant milestones were achieved by the McClean joint venture in the development of the SABRE mining technology in 2012 and 2013, a decision was made by the joint venture to put this program on stand-by. As a result, SABRE expenditures in 2014 are estimated to be CAD$650,000 (Denison's share, CAD$146,000).


On its wholly owned Mutanga project in Zambia, the Company will continue geological mapping, geochemical, and trenching programs to follow up on the results of the work completed in 2013. The Zambian program is now estimated to total $1.6 million.

On its wholly owned Falea project in Mali, the Company is planning to continue geological and geophysical field programs in an effort to locate additional mineralization. The Mali program is estimated to total $2.0 million.

In Mongolia, the 2014 expenditures are now estimated to total $1.2 million of which a majority is license fees to maintain the property. The remaining costs are related to the Company's strategic review efforts. The increase in expenditures is due to the strategic review lasting longer than expected.

Other Activities

Revenue from operations at DES is estimated at CAD$7.0 million and operating expenses are forecasted to be CAD$6.3 million for 2014. Capital expenditures and reclamation funding are projected to be CAD$0.7 million.

Management fees from Denison's contract with UPC are estimated at CAD$2.1 million in 2014.

Corporate administration expenses are now forecasted to be CAD$5.2 million in 2014 and include all head office wages, benefits, office costs, public company expenses, legal, audit and investor relations expenses. The increase in projected expenditures is due to the recent merger and acquisition activities that occurred during the first half of 2014 not previously forecasted.

Qualified Person

The disclosure of a scientific or technical nature regarding Denison's properties in this press release was prepared by or reviewed by Steve Blower, P. Geo., the Company's Vice President, Exploration, and Terry Wetz, P.E., the Executive Director of the GSJV, who are Qualified Persons in accordance with the requirements of NI 43-101. For a description of the quality assurance program and quality control measures applied by Denison, please see Denison's Annual Information Form dated March 14, 2014 available at, and its Form 40-F available at

Additional Information

Denison's consolidated financial statements for the six month period ended June 30, 2014 and related management's discussion and analysis are available on Denison's website at or under its profile on SEDAR at and on EDGAR at

About Denison

Denison is a uranium exploration and development company with interests in exploration and development projects in Canada, Zambia, Mali, Namibia, Niger and Mongolia. Including the high grade Phoenix deposit, located on its 60% owned Wheeler project, Denison's exploration project portfolio consists of numerous projects covering over 470,000 hectares in the Eastern Athabasca Basin region of Saskatchewan. Denison's interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake joint venture, which includes several uranium deposits and the McClean Lake uranium mill, one of the world's largest uranium processing facilities, plus a 25.17% interest in the Midwest deposit and a 60% interest in the J Zone deposit on the Waterbury property. Both the Midwest and J Zone deposits are located within 20 kilometres of the McClean Lake mill. Internationally, Denison owns 100% of the conventional heap leach Mutanga project in Zambia, 100% of the uranium/copper/silver Falea project in Mali, a 90% interest in the Dome project in Namibia, and an 85% interest in the in-situ recovery projects held by the GSJV in Mongolia.

Denison is engaged in mine decommissioning and environmental services through its DES division and is the manager of UPC, a publicly traded company which invests in uranium oxide and uranium hexafluoride.


Certain information contained in this press release constitutes "forward-looking information", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation concerning the business, operations and financial performance and condition of Denison.

Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to".

Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by such forward-looking statements. Denison believes that the expectations reflected in this forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information included in this press release should not be unduly relied upon. This information speaks only as of the date of this press release. In particular, this press release may contain forward-looking information pertaining to the following: the likelihood of completing and benefits to be derived from corporate transactions; the estimates of Denison's mineral reserves and mineral resources; expectations regarding the toll milling of Cigar Lake ores; capital expenditure programs, estimated exploration and development expenditures and reclamation costs; expectations of market prices and costs; supply and demand for uranium ("U3O8"); possible impacts of litigation and regulatory actions on Denison; exploration, development and expansion plans and objectives; expectations regarding adding to its mineral reserves and resources through acquisitions and exploration; and receipt of regulatory approvals, permits and licences under governmental regulatory regimes.

There can be no assurance that such statements will prove to be accurate, as Denison's actual results and future events could differ materially from those anticipated in this forward-looking information as a result of the factors discussed under the heading "Risk Factors" in Denison's Annual Information Form dated March 14, 2014 available at, and in its Form 40-F available at

Accordingly, readers should not place undue reliance on forward-looking statements. These factors are not, and should not be construed as being, exhaustive. Statements relating to "mineral reserves" or "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions that the mineral reserves and mineral resources described can be profitably produced in the future. The forward-looking information contained in this press release is expressly qualified by this cautionary statement. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this press release to conform such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Mineral Resources: This press release may use the terms "measured", "indicated" and "inferred" mineral resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.

Denison Mines Corp.
Ron Hochstein
President and Chief Executive Officer
(416) 979-1991 ext 232
(416) 979-5893 (FAX)

Denison Mines Corp.
Sophia Shane
Investor Relations
(604) 689-7842

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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 these devices generate enough data to learn our behaviors and simplify/improve our lives. What if we could connect everything to everything? I'm not only talking about connecting things to things but also systems, cloud services, and people. Add in a little machine learning and artificial intelligence and now we have something interesting...
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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.
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...