TTA’s shareholders approved cash dividend payments at 0.54 THB per share, cancelled and reaffirmed 50 million ordinary shares at Baht 1 par for future financial usage, and nominated four directors for another term
An annual cash dividend payment at 0.54 THB per share was approved at the 1/2010 Annual General Meeting of Shareholders of Thoresen Thai Agencies Public Company Limited (“TTA”) along with the increase of TTA registered share capital for a private placement worth 50 million THB. The meeting also approved the re-appointment of four directors for another term.
M.L. Chandchutha Chandratat, TTA President and Chief Executive Officer, reported that TTA’s shareholders approved cash dividends at 0.54 THB per share to the 708,004,413 shares, worth 382.3 million THB in total value.
“The dividends will be paid to shareholders whose names appear on TTA’s share register book on the Record Date of 8 February 2010. The share register book closing date for collecting shareholders names under Section 225 of the Securities and Exchange Act is scheduled to be 9 February 2010. The final dividend payment shall be made on 23 February 2010,” said the President & Chief Executive Officer.
“The shareholders approved the re-election of Mr. Stephen Fordham, Mrs. Pratana Mongkolkul, Mrs. Joey Horn, and Mr. Terje Schau, as directors for another term as they are highly experienced and competent.”
“It also approved the appointment of PricewaterhouseCoopers ABAS Limited as TTA’s auditor for the financial year that ended on 30 September 2010 and fix the auditors’ fees at 3.16 million THB,” said President & Chief Executive Officer Chandchutha.
He said the shareholders also approved the capital reduction by cancelling 50,048,452 authorized but un-issued shares at the par value of 1 THB each from the existing registered capital of 933 million THB to be the new registered capital of 883 million THB divided into 883,004,413 shares at the par value of Baht 1 each.
“The shareholders approved an increase of the registered capital of another 50 million THB by an issue of 50,000,000 new ordinary shares at the par value of Baht 1 each from the existing registered capital of 883 million THB to be the new registered capital of 933 million THB divided into 933,004,413 ordinary shares at the par value of 1 THB each,” reported the President & Chief Executive Officer.
“The shareholders had approved the allotment of 50,000,000 new ordinary shares of par value at 1 THB to be reserved for private placement in 1999 and re-confirmed the amount in 2009. TTA has no immediate plan to place the private placement shares in the near future. The allotment of 50 million new shares is to maintain future financial flexibility.”
The shareholders approved the issue of 4,000,000 warrants to directors and employees, including any employee(s) who is also a director, of Mermaid and its subsidiaries, under an ESOP Scheme. “The ESOP Scheme has the goal of increasing the personal stake of such directors and employees in the continued success and growth of Mermaid and motivating them to remain in the service of Mermaid on a long-term basis,” he said.
About TTA
Thoresen Thai Agencies Public Company Limited is amongst the top 50 companies listed on the Stock Exchange of Thailand with high trading liquidity. Its investment strategy is to grow through a diversified business portfolio of transport, energy, and infrastructure assets, both domestically and internationally. TTA is recognised as a leader in the dry bulk shipping industry. The company has also expanded its investment into other business areas, such as offshore services through Mermaid Maritime Public Company Limited, fertilisers and logistics through Baconco Co., Ltd., and coal-related businesses through Merton Group (Cyprus) Limited and Unique Mining Services Public Company Limited.
Sunday, February 7, 2010
Friday, February 5, 2010
Global Corporate And Sovereign Rating Actions Hit 23-Year High Of 1,560 In 2009, Article Says
Standard & Poor's Ratings Services downgraded 1,298 global issuers and upgraded 262. The 1,560 total rating actions is the most taken in a single year since our series began in 1987, including the previous record high of 1,207 downgrades and 222 upgrades in 2001, said an article published today by Standard & Poor's Global Fixed Income Research, titled "Global Corporate And Sovereign Rating Actions: Fourth-Quarter 2009 (Premium)."
Of the rating actions in 2009, 62% were based in the U.S., 16% were based in Europe, 15% were based in the emerging markets, and 8% were based in the other developed region (Australia, Canada, Japan, and New Zealand).
"With the exception of the emerging markets, each region saw their downgrade ratios peak in the first quarter and then taper off before hitting lows for the year in the fourth quarter," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research. "The emerging markets' downgrade ratio peaked in the second quarter at 97%."
Of the industries that had more than five rating actions globally in 2009, finance companies, automotive, banks, sovereigns, forest products and building materials, capital goods, and media and entertainment all had downgrade ratios of 90% or higher for the year. Health care performed the best in 2009, with a downgrade ratio of only 33%--less than half the average across all sectors.
This article is part of our premium Global Fixed Income Research content, which is available to premium subscribers to RatingsDirect on the Global Credit Portal at www.globalcreditportal.com and to RatingsDirect at www.ratingsdirect.com. Ratings information can also be found on Standard & Poor's public Web site by using the Ratings search box located in the left column at www.standardandpoors.com. Members of the media may request a copy of this report by contacting the media representative provided.
Of the rating actions in 2009, 62% were based in the U.S., 16% were based in Europe, 15% were based in the emerging markets, and 8% were based in the other developed region (Australia, Canada, Japan, and New Zealand).
"With the exception of the emerging markets, each region saw their downgrade ratios peak in the first quarter and then taper off before hitting lows for the year in the fourth quarter," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research. "The emerging markets' downgrade ratio peaked in the second quarter at 97%."
Of the industries that had more than five rating actions globally in 2009, finance companies, automotive, banks, sovereigns, forest products and building materials, capital goods, and media and entertainment all had downgrade ratios of 90% or higher for the year. Health care performed the best in 2009, with a downgrade ratio of only 33%--less than half the average across all sectors.
This article is part of our premium Global Fixed Income Research content, which is available to premium subscribers to RatingsDirect on the Global Credit Portal at www.globalcreditportal.com and to RatingsDirect at www.ratingsdirect.com. Ratings information can also be found on Standard & Poor's public Web site by using the Ratings search box located in the left column at www.standardandpoors.com. Members of the media may request a copy of this report by contacting the media representative provided.
Altegrity Grows, Launches Fourth Business—Altegrity Risk International (ARI)
Altegrity CEO Mike Cherkasky Names Bill Bratton Chairman and Michael Beber President and CEO of New Business That Provides Global Risk Mitigation and Security Solutions
Altegrity, Inc.—the global information, screening, and security solutions provider—has formed a new business, Altegrity Risk International, Inc. (ARI), to provide high-quality due diligence, investigative, analytic, consulting, intelligence, and security solutions to organizations around the world. ARI will help its clients anticipate, prevent, and resolve issues, reduce fraud and loss, and maximize business opportunities.
“Risk has always been a part of our professional and personal lives, but because of the interconnected, global environment in which we live today, risk and security concerns have taken an unfortunate, costly, and at times deadly center stage,” said Mike Cherkasky, Altegrity CEO. “Throughout my career in business and as a former prosecutor, I have learned that information—how efficiently it can be gathered, processed, and analyzed to create a solution—is what often makes the difference between success and failure in both the public and private sectors.”
Mr. Cherkasky continued: “With this as our starting point, we created Altegrity Risk International to provide a quicker, more thorough and inclusive, as well as cost-effective way to provide businesses and organizations with the information and expertise they need to reduce risk and ensure more secure and successful organizations.”
ARI will serve a global community of corporations—as well as financial, legal, investment, non-profit, and government institutions—covering most major business sectors. The company’s multidisciplinary team from the fields of investigations, forensics, data intelligence, financial technology, and security/policing will provide ARI clients with specialized solutions to identify, analyze, prevent, and remediate the entire range of financial, legal/regulatory, reputational and security
risks.
William Bratton, the only person to serve as chief executive of both the New York City and Los Angeles police departments, will serve as ARI chairman. Michael Beber, who has proven success in developing intelligence and risk/data management businesses, will serve as ARI’s president and CEO.
“Right from the start, our clients will identify with our expertise and the quality of our people,” said Mr. Bratton. “We have assembled a team of world-class experts. They come from a wide-range of fields, from investigations, compliance, and forensics to data intelligence and financial technology. ARI’s clients will receive a deeply insightful, multidimensional, and highly evolved view of risk and security solutions so they can take advantage of opportunities and avoid disruptions to their operations.”
“Leveraging advanced technology tools, we are able to provide our clients, no matter whether they are located down the block or anywhere in the world, with better and faster, more thorough, and cost-effective solutions to the specific challenges and risks they face,” said Mr. Beber. “ARI’s tagline was a natural—From Information to Intelligence.SM This well describes the dynamic, smarter solutions we provide to help our clients manage and mitigate risk.”
Headquartered in New York City, ARI provides global coverage through offices in Chicago, Hong Kong, Houston, London, Los Angeles, and Washington, D.C. The company has a network of consultants, investigators, and specialists around the globe with experience in more than 150 countries. Additionally, as an Altegrity company, ARI has
access to the largest investigative force in the United States, with more than 2,800 well trained and cleared investigators.
ARI provides business and organizational solutions and services in five distinct practice areas:
Decision Intelligence. Business intelligence and due diligence solutions that help clients execute compliance programs and manage the risk inherent in commercial transactions and business relationships.
Investigative & Forensic Services. Information that helps clients manage crises, create opportunities, and mitigate financial and reputational loss.
Legal Risk Solutions. Legal risk assessments, due diligence, electronic data discovery, computer forensics, and witness and asset location, which help clients harness critical information and assess the financial, reputational, and operational risks of pursuing or responding to litigation.
Compliance & Monitoring. Creation and implementation of compliance programs that anticipate and resolve legal and regulatory risks, including independent monitors who can establish and monitor sustainable solutions.
Altegrity Security Consulting. Advice and solutions for operational policing, intelligence, crisis response, and security throughout the world. Customized programs covering the physical security of people, premises, assets, and information.
Altegrity, a global screening and security solutions company headquartered in Falls Church, Va., has nearly 8,000 employees in locations around the world. Altegrity, which is the holding company for USIS, HireRight, Explore Information Services, and Altegrity Risk International, partners with its government and commercial clients to help them Make Decisions Smarter® by uncovering, reviewing, analyzing, and delivering information. Altegrity is the largest commercial provider of background investigations for the government; a global commercial employment background and drug screening supplier to more than 25 percent of the Fortune 500; one of the principal providers of data services to the insurance industry; and a leading provider of high quality due diligence, investigative, analytic, consulting, intelligence, and security solutions to organizations
Altegrity, Inc.—the global information, screening, and security solutions provider—has formed a new business, Altegrity Risk International, Inc. (ARI), to provide high-quality due diligence, investigative, analytic, consulting, intelligence, and security solutions to organizations around the world. ARI will help its clients anticipate, prevent, and resolve issues, reduce fraud and loss, and maximize business opportunities.
“Risk has always been a part of our professional and personal lives, but because of the interconnected, global environment in which we live today, risk and security concerns have taken an unfortunate, costly, and at times deadly center stage,” said Mike Cherkasky, Altegrity CEO. “Throughout my career in business and as a former prosecutor, I have learned that information—how efficiently it can be gathered, processed, and analyzed to create a solution—is what often makes the difference between success and failure in both the public and private sectors.”
Mr. Cherkasky continued: “With this as our starting point, we created Altegrity Risk International to provide a quicker, more thorough and inclusive, as well as cost-effective way to provide businesses and organizations with the information and expertise they need to reduce risk and ensure more secure and successful organizations.”
ARI will serve a global community of corporations—as well as financial, legal, investment, non-profit, and government institutions—covering most major business sectors. The company’s multidisciplinary team from the fields of investigations, forensics, data intelligence, financial technology, and security/policing will provide ARI clients with specialized solutions to identify, analyze, prevent, and remediate the entire range of financial, legal/regulatory, reputational and security
risks.
William Bratton, the only person to serve as chief executive of both the New York City and Los Angeles police departments, will serve as ARI chairman. Michael Beber, who has proven success in developing intelligence and risk/data management businesses, will serve as ARI’s president and CEO.
“Right from the start, our clients will identify with our expertise and the quality of our people,” said Mr. Bratton. “We have assembled a team of world-class experts. They come from a wide-range of fields, from investigations, compliance, and forensics to data intelligence and financial technology. ARI’s clients will receive a deeply insightful, multidimensional, and highly evolved view of risk and security solutions so they can take advantage of opportunities and avoid disruptions to their operations.”
“Leveraging advanced technology tools, we are able to provide our clients, no matter whether they are located down the block or anywhere in the world, with better and faster, more thorough, and cost-effective solutions to the specific challenges and risks they face,” said Mr. Beber. “ARI’s tagline was a natural—From Information to Intelligence.SM This well describes the dynamic, smarter solutions we provide to help our clients manage and mitigate risk.”
Headquartered in New York City, ARI provides global coverage through offices in Chicago, Hong Kong, Houston, London, Los Angeles, and Washington, D.C. The company has a network of consultants, investigators, and specialists around the globe with experience in more than 150 countries. Additionally, as an Altegrity company, ARI has
access to the largest investigative force in the United States, with more than 2,800 well trained and cleared investigators.
ARI provides business and organizational solutions and services in five distinct practice areas:
Decision Intelligence. Business intelligence and due diligence solutions that help clients execute compliance programs and manage the risk inherent in commercial transactions and business relationships.
Investigative & Forensic Services. Information that helps clients manage crises, create opportunities, and mitigate financial and reputational loss.
Legal Risk Solutions. Legal risk assessments, due diligence, electronic data discovery, computer forensics, and witness and asset location, which help clients harness critical information and assess the financial, reputational, and operational risks of pursuing or responding to litigation.
Compliance & Monitoring. Creation and implementation of compliance programs that anticipate and resolve legal and regulatory risks, including independent monitors who can establish and monitor sustainable solutions.
Altegrity Security Consulting. Advice and solutions for operational policing, intelligence, crisis response, and security throughout the world. Customized programs covering the physical security of people, premises, assets, and information.
Altegrity, a global screening and security solutions company headquartered in Falls Church, Va., has nearly 8,000 employees in locations around the world. Altegrity, which is the holding company for USIS, HireRight, Explore Information Services, and Altegrity Risk International, partners with its government and commercial clients to help them Make Decisions Smarter® by uncovering, reviewing, analyzing, and delivering information. Altegrity is the largest commercial provider of background investigations for the government; a global commercial employment background and drug screening supplier to more than 25 percent of the Fortune 500; one of the principal providers of data services to the insurance industry; and a leading provider of high quality due diligence, investigative, analytic, consulting, intelligence, and security solutions to organizations
Sunday, January 24, 2010
BAFT and IFSA announce merger
The Bankers’ Association for Finance and Trade (BAFT) and the International Financial Services Association (IFSA) announced that the two entities have merged, effective today. Members of each respective organization voted overwhelmingly in favor of the merger last month. Both BAFT and IFSA bring outstanding pedigree in the world of payments and international trade and finance. Their combination creates the preeminent organization of its kind in the world and will provide the international financial services community with comprehensive representation; broader, deeper expertise; and expanded resources.
BAFT-IFSA will continue to focus both on the broader issues affecting regional and global transactional banking services, such as trade, payments and cross-border financing, and training and operations technology—the crucial inner workings of any organization. Bringing the two entities together under one umbrella gives the combined association increased breadth, depth and influence.
Donna K. Alexander, BAFT president, is now chief executive officer of BAFT-IFSA, while Dan Taylor, IFSA president and CEO, is now president and chief operating officer of BAFT-IFSA.
Alexander noted that the value proposition of the merger for members will include instant access to a wider range of products, services, programs, training, global practices, advocacy opportunities, economies of scale, and future rationalization of membership fees.
“The combined organization yokes the unique strengths of BAFT and IFSA, increasing our ability to grow and expand membership and provide programs and services to a broader global market,” said Alexander. “Members of BAFT-IFSA will benefit from a financially stronger organization with greater influence around the globe.”
Taylor echoed these sentiments, noting that the merger further strengthens existing relationships with regulators and other policy makers.
“The merger takes full advantage of the over 170 years of banking and advocacy experience of the two organizations and expands and integrates the international community around the world.”
For nearly nine decades, BAFT has taken on regional challenges faced by bankers that specialize in international trade and finance, advocated on their behalf and developed business solutions and helped build valuable peer-to-peer relationships. Its regional councils provide insight into markets around the globe, and its information resources increase members’ understanding of developments affecting the industry.
For 85 years, IFSA has met the needs of those who provide, use and support the international operations areas of financial services providers, their customers, suppliers and partners. IFSA has represented the interests of its membership before international rule and lawmaking bodies and has been a key player in the establishment and revision of every significant U.S. or international law or rule governing global financial services.
“We are committed to taking the best of each organization, as well as using the merger as an opportunity to find new ways of approaching issues and providing services,” said Alexander. “No part of either organization or its work will be discontinued.”
BAFT-IFSA will continue to focus both on the broader issues affecting regional and global transactional banking services, such as trade, payments and cross-border financing, and training and operations technology—the crucial inner workings of any organization. Bringing the two entities together under one umbrella gives the combined association increased breadth, depth and influence.
Donna K. Alexander, BAFT president, is now chief executive officer of BAFT-IFSA, while Dan Taylor, IFSA president and CEO, is now president and chief operating officer of BAFT-IFSA.
Alexander noted that the value proposition of the merger for members will include instant access to a wider range of products, services, programs, training, global practices, advocacy opportunities, economies of scale, and future rationalization of membership fees.
“The combined organization yokes the unique strengths of BAFT and IFSA, increasing our ability to grow and expand membership and provide programs and services to a broader global market,” said Alexander. “Members of BAFT-IFSA will benefit from a financially stronger organization with greater influence around the globe.”
Taylor echoed these sentiments, noting that the merger further strengthens existing relationships with regulators and other policy makers.
“The merger takes full advantage of the over 170 years of banking and advocacy experience of the two organizations and expands and integrates the international community around the world.”
For nearly nine decades, BAFT has taken on regional challenges faced by bankers that specialize in international trade and finance, advocated on their behalf and developed business solutions and helped build valuable peer-to-peer relationships. Its regional councils provide insight into markets around the globe, and its information resources increase members’ understanding of developments affecting the industry.
For 85 years, IFSA has met the needs of those who provide, use and support the international operations areas of financial services providers, their customers, suppliers and partners. IFSA has represented the interests of its membership before international rule and lawmaking bodies and has been a key player in the establishment and revision of every significant U.S. or international law or rule governing global financial services.
“We are committed to taking the best of each organization, as well as using the merger as an opportunity to find new ways of approaching issues and providing services,” said Alexander. “No part of either organization or its work will be discontinued.”
IBM OUTLINES VISION FOR 2010, ENABLING SMARTER DECISIONS Bolstering Leadership in Business Analytics and Managed Business Process Services
IBM outlined its vision for 2010 to help businesses make smarter decisions, via leveraging on its leadership in Business Analytics and Managed Business Process Services (MBPS) space. Following the government’s policy in “Creative Thailand,” IBM is consistently developing its organization as an “Employer of Choice” to continuously support Thailand’s education development programs to help create a workforce for the 21st century.
Mr. Thanwa Laohasiriwong, Country General Manager of IBM Thailand Co., Ltd., said that the company expanded its presence in emerging segments last year by offering a comprehensive range of services under the concept of "Building a Smarter Planet” – that is, making the world instrumented, interconnected and intelligent.
IBM’s strategy in 2010 is to help the country develop sustainably and equipping local enterprises, both public and private sectors, with deeper business insights and intelligence through its Business Analytics Optimization and Managed Business Process Services.
“For the intelligent enterprise, the new reality is that personal experience and insight are no longer sufficient. The key for business success in today’s environment is to look for new ways to inject certainty and predictability into their decision making. Meanwhile, the competition does not exist only in the country, but also at the global level. With advanced business analytics technologies to be provided by IBM Global Business Services’ Business Analytics and Optimization line, and skilled resources with knowledge of various industries, IBM can help our customers improve and accelerate their business decision-making process. Several industries can significantly leverage our technologies and services, in the Financial service sectors, for example, business analytics will help them assess customer information and service usage trends, allowing companies to better develop new products and services, increase revenue through up-sell or cross-sell opportunities. Telecom companies have to process millions of subscriber transactions each year. Business analytics systems can transform such information into useful insights and improve decisions on product/service rollouts. This will enable telecom operators to increase average revenue per user,” said Thanwa.
In addition to intelligent technologies, IBM is equipped with professionals in business processes management, to be delivered by the “Managed Business Process Services” (MBPS) team, which will not only help cut costs and improve productivity and efficiency in the long run but also allow companies to focus time and resources on its core business. IBM currently provides MBPS in four areas; Supply Chain Management, Human Resource Management, Financial and Administration, and Customer Relationship Management.
“Though business analytics has been a key focus for most businesses and IT providers this year, IBM is confident of its leadership in this area, due to a comprehensive range of hardware, software and service offerings. IBM has continuously invested in R&D and leverage a worldwide network of industry-specific professionals. As such, IBM is positioned to maintain leadership in the Business Analytics and Managed Business Process Services space and extend the benefits of these technologies to the growing organisations in Thailand,” Thanwa added.
Another key strategy for IBM Thailand this year is to support the government’s policy to boost the economy through the “Creative Thailand” campaign. This is about leveraging intellectual property in developing the economy by combining culture, knowledge base and creativity.
To achieve creative economy, IBM will bring its worldwide experiences to encourage both public and private sectors to transform culture into competitive products and services with intellectual property, equipping Thai youths with creativity and English skills, and developing cities’ infrastructure that can lead to creativity.
Last but not least, IBM will develop and recognize high-performing workforce and transform its organization into “Employer of Choice”. As a globally integrated enterprise, each employee is included in IBM’s global resource pool. IBM will encourage its employees at all levels to enhance their skills and improve their career path to create a workforce for the 21st century, allowing career growth and development, without barriers.
Mr. Thanwa Laohasiriwong, Country General Manager of IBM Thailand Co., Ltd., said that the company expanded its presence in emerging segments last year by offering a comprehensive range of services under the concept of "Building a Smarter Planet” – that is, making the world instrumented, interconnected and intelligent.
IBM’s strategy in 2010 is to help the country develop sustainably and equipping local enterprises, both public and private sectors, with deeper business insights and intelligence through its Business Analytics Optimization and Managed Business Process Services.
“For the intelligent enterprise, the new reality is that personal experience and insight are no longer sufficient. The key for business success in today’s environment is to look for new ways to inject certainty and predictability into their decision making. Meanwhile, the competition does not exist only in the country, but also at the global level. With advanced business analytics technologies to be provided by IBM Global Business Services’ Business Analytics and Optimization line, and skilled resources with knowledge of various industries, IBM can help our customers improve and accelerate their business decision-making process. Several industries can significantly leverage our technologies and services, in the Financial service sectors, for example, business analytics will help them assess customer information and service usage trends, allowing companies to better develop new products and services, increase revenue through up-sell or cross-sell opportunities. Telecom companies have to process millions of subscriber transactions each year. Business analytics systems can transform such information into useful insights and improve decisions on product/service rollouts. This will enable telecom operators to increase average revenue per user,” said Thanwa.
In addition to intelligent technologies, IBM is equipped with professionals in business processes management, to be delivered by the “Managed Business Process Services” (MBPS) team, which will not only help cut costs and improve productivity and efficiency in the long run but also allow companies to focus time and resources on its core business. IBM currently provides MBPS in four areas; Supply Chain Management, Human Resource Management, Financial and Administration, and Customer Relationship Management.
“Though business analytics has been a key focus for most businesses and IT providers this year, IBM is confident of its leadership in this area, due to a comprehensive range of hardware, software and service offerings. IBM has continuously invested in R&D and leverage a worldwide network of industry-specific professionals. As such, IBM is positioned to maintain leadership in the Business Analytics and Managed Business Process Services space and extend the benefits of these technologies to the growing organisations in Thailand,” Thanwa added.
Another key strategy for IBM Thailand this year is to support the government’s policy to boost the economy through the “Creative Thailand” campaign. This is about leveraging intellectual property in developing the economy by combining culture, knowledge base and creativity.
To achieve creative economy, IBM will bring its worldwide experiences to encourage both public and private sectors to transform culture into competitive products and services with intellectual property, equipping Thai youths with creativity and English skills, and developing cities’ infrastructure that can lead to creativity.
Last but not least, IBM will develop and recognize high-performing workforce and transform its organization into “Employer of Choice”. As a globally integrated enterprise, each employee is included in IBM’s global resource pool. IBM will encourage its employees at all levels to enhance their skills and improve their career path to create a workforce for the 21st century, allowing career growth and development, without barriers.
Wednesday, December 16, 2009
Datamax-O'Neil Acquires Extech Data Systems Division to Expand Its Printer Portfolio and Grow Market Share
The Acquisition Represents the First Step in Datamax-O'Neil's Long-Term External Growth Strategy to Gain Market Share and Strengthen Its Leadership Position in the Global Auto-ID Market by Broadening Its Product Offerings and Global Presence
Datamax-O'Neil, part of Dover Corporation's (NYSE: DOV) Product Identification Platform and global provider of label and receipt printing solutions, has acquired Extech Instruments' Data Systems Division, one of the world's leading developers of portable printers for enterprise-wide applications. Extech Instruments, based in Waltham, Massachusetts is a subsidiary of FLIR Systems. The acquisition expands Datamax-O'Neil's portable printer portfolio, and strategically positions the company to gain market share and significantly grow its global customer base.
"This acquisition is an early example of our goal to distinguish Datamax-O'Neil as the clear leader in the auto-ID marketplace, with the industry's most complete product range and an aggressive plan for global marketshare growth," said Christian Lefort, president of Datamax-O'Neil. "I'm pleased to welcome Extech's portable printing division into Datamax-O'Neil and believe that this addition positions us and our combined channel partners to be more competitive and achieve greater success."
"Datamax-O'Neil has completed its unification and has now begun to implement its long-term strategy for sustained growth," said Omar Kerbage, president and CEO of Dover Corporation's Product Identification Group (PIDG). "The opportunity to better service our customers is now expanded with this acquisition, and I have confidence that the Datamax-O'Neil management team can execute an effective plan that will lead to market leadership with a superior suite of products, unmatched service, and the support and extensive resources available from Dover's PIDG."
Extech Instruments' portable printer division offers a diverse line of thermal and dot matrix portable printers that are sold worldwide through an expansive network of distributors and marketing partners. The division will be fully integrated into Datamax-O'Neil over a four month period, and the printers will be marketed under the Datamax-O'Neil brand. The printers will complement Datamax-O'Neil's premium portable printer portfolio with the addition of a full line of high-value, cost-competitive printers for mobile requirements, including Point-of-Sale (POS), hospitality, route accounting and field service. The printers will appeal to price sensitive applications, and are available in 2, 3 and 4 inch configurations.
About Datamax-O'Neil
Datamax-O'Neil is a trusted global provider of stationary and portable label and receipt printing solution products that enable manufacturing and supply markets to capture the benefits of automated product identification and automated legal and financial transactions. Datamax-O'Neil is the barcode and mobile printing business group of Dover Corporation's Product Identification Group (PIDG), a global platform entity with products and services covering all the leading marking technologies and applications. The company's products address a wide variety of applications, including those in the industrial, healthcare, retail, automotive and ticketing market sectors. Datamax-O'Neil is headquartered in Orlando, Florida, and maintains key facilities in California, Illinois, and France, as well as sales and technical support offices around the world.
About Dover's Product Identification Group (PIDG)
Dover Corporation's Product Identification Group (PIDG) is a world class business group with products and services covering all of the leading marking and labeling technologies and applications. PIDG is comprised of two industry leaders --Markem-Imaje and Datamax-O'Neil. The goal of PIDG is to help its customers integrate optimal product identification solutions into their supply chain operations to increase productivity and operating efficiencies. The PIDG is unique in several ways: it provides a global understanding of key account applications throughout the supply chain; a continuously updated global expertise; and worldwide best-in-class service and support.
Datamax-O'Neil, part of Dover Corporation's (NYSE: DOV) Product Identification Platform and global provider of label and receipt printing solutions, has acquired Extech Instruments' Data Systems Division, one of the world's leading developers of portable printers for enterprise-wide applications. Extech Instruments, based in Waltham, Massachusetts is a subsidiary of FLIR Systems. The acquisition expands Datamax-O'Neil's portable printer portfolio, and strategically positions the company to gain market share and significantly grow its global customer base.
"This acquisition is an early example of our goal to distinguish Datamax-O'Neil as the clear leader in the auto-ID marketplace, with the industry's most complete product range and an aggressive plan for global marketshare growth," said Christian Lefort, president of Datamax-O'Neil. "I'm pleased to welcome Extech's portable printing division into Datamax-O'Neil and believe that this addition positions us and our combined channel partners to be more competitive and achieve greater success."
"Datamax-O'Neil has completed its unification and has now begun to implement its long-term strategy for sustained growth," said Omar Kerbage, president and CEO of Dover Corporation's Product Identification Group (PIDG). "The opportunity to better service our customers is now expanded with this acquisition, and I have confidence that the Datamax-O'Neil management team can execute an effective plan that will lead to market leadership with a superior suite of products, unmatched service, and the support and extensive resources available from Dover's PIDG."
Extech Instruments' portable printer division offers a diverse line of thermal and dot matrix portable printers that are sold worldwide through an expansive network of distributors and marketing partners. The division will be fully integrated into Datamax-O'Neil over a four month period, and the printers will be marketed under the Datamax-O'Neil brand. The printers will complement Datamax-O'Neil's premium portable printer portfolio with the addition of a full line of high-value, cost-competitive printers for mobile requirements, including Point-of-Sale (POS), hospitality, route accounting and field service. The printers will appeal to price sensitive applications, and are available in 2, 3 and 4 inch configurations.
About Datamax-O'Neil
Datamax-O'Neil is a trusted global provider of stationary and portable label and receipt printing solution products that enable manufacturing and supply markets to capture the benefits of automated product identification and automated legal and financial transactions. Datamax-O'Neil is the barcode and mobile printing business group of Dover Corporation's Product Identification Group (PIDG), a global platform entity with products and services covering all the leading marking technologies and applications. The company's products address a wide variety of applications, including those in the industrial, healthcare, retail, automotive and ticketing market sectors. Datamax-O'Neil is headquartered in Orlando, Florida, and maintains key facilities in California, Illinois, and France, as well as sales and technical support offices around the world.
About Dover's Product Identification Group (PIDG)
Dover Corporation's Product Identification Group (PIDG) is a world class business group with products and services covering all of the leading marking and labeling technologies and applications. PIDG is comprised of two industry leaders --Markem-Imaje and Datamax-O'Neil. The goal of PIDG is to help its customers integrate optimal product identification solutions into their supply chain operations to increase productivity and operating efficiencies. The PIDG is unique in several ways: it provides a global understanding of key account applications throughout the supply chain; a continuously updated global expertise; and worldwide best-in-class service and support.
TeliaSonera and Huawei Launch World’s Fastest Commercial Mobile Broadband Network with Huawei’s 4G/LTE Solutions
TeliaSonera and Huawei Launch World’s Fastest Commercial Mobile Broadband Network with Huawei’s 4G/LTE Solutions
Huawei, a leader in providing next-generation telecommunications network solutions for operators around the world, and TeliaSonera, the largest telecoms operator in Scandinavia and the Baltic countries, today jointly announced the deployment of the world’s first LTE commercial network in Oslo, Norway. These 4G services offer maximum speeds of up to 100 Mb/s and are approximately 10 times faster than existing 3G networks.
TeliaSonera’s customers will be the first in the world to enjoy simultaneous mobile broadband services such as high definition (HD) video conferencing in mobile environments and a variety of HD video programs via multiple terminal devices; applications that cannot be realized in current 3G networks.
Mr. Kenneth Karlberg, President and Head of Mobility Services TeliaSonera, said: “We are very proud to be the first operator in the world to offer our customers 4G services. Thanks to the successful cooperation with Huawei, we can offer 4G to our customers in Oslo earlier than originally planned.”
As a leading provider of end-to-end 4G/LTE solutions, Huawei delivered both network infrastructures and services to TeliaSonera, such as access network, core network, operation support system, and network planning and optimization. Its field proven fourth-generation base stations and SAE (System Architecture Evolution) solution ensure the stability of the network and enable fast deployment.
Yu Chengdong, President of Huawei Europe, said: “In partnership with TeliaSonera, Huawei began this journey eleven months ago to introduce the world’s most advanced mobile broadband technology to the residents of Oslo. This milestone, which was achieved in a short period of time, reflects Huawei’s unwavering commitment towards accelerating the commercialization of LTE/SAE solutions. Operators such as TeliaSonera, are now able to to fully realize economic benefits from the many new applications that can only be made possible with ultra broadband services.”
To date, Huawei has constructed over 25 LTE commercial and trial networks and has made more than 3,300 LTE/SAE contributions to 3GPP (3rd Generation Partnership Project).
About Huawei
Huawei is a leader in providing next generation telecommunications networks, and now serves 36 of the world’s top 50 operators, along with over one billion users worldwide. The company is committed to providing innovative and customized products, services and solutions to create long-term value and growth potential for its customers.
Huawei, a leader in providing next-generation telecommunications network solutions for operators around the world, and TeliaSonera, the largest telecoms operator in Scandinavia and the Baltic countries, today jointly announced the deployment of the world’s first LTE commercial network in Oslo, Norway. These 4G services offer maximum speeds of up to 100 Mb/s and are approximately 10 times faster than existing 3G networks.
TeliaSonera’s customers will be the first in the world to enjoy simultaneous mobile broadband services such as high definition (HD) video conferencing in mobile environments and a variety of HD video programs via multiple terminal devices; applications that cannot be realized in current 3G networks.
Mr. Kenneth Karlberg, President and Head of Mobility Services TeliaSonera, said: “We are very proud to be the first operator in the world to offer our customers 4G services. Thanks to the successful cooperation with Huawei, we can offer 4G to our customers in Oslo earlier than originally planned.”
As a leading provider of end-to-end 4G/LTE solutions, Huawei delivered both network infrastructures and services to TeliaSonera, such as access network, core network, operation support system, and network planning and optimization. Its field proven fourth-generation base stations and SAE (System Architecture Evolution) solution ensure the stability of the network and enable fast deployment.
Yu Chengdong, President of Huawei Europe, said: “In partnership with TeliaSonera, Huawei began this journey eleven months ago to introduce the world’s most advanced mobile broadband technology to the residents of Oslo. This milestone, which was achieved in a short period of time, reflects Huawei’s unwavering commitment towards accelerating the commercialization of LTE/SAE solutions. Operators such as TeliaSonera, are now able to to fully realize economic benefits from the many new applications that can only be made possible with ultra broadband services.”
To date, Huawei has constructed over 25 LTE commercial and trial networks and has made more than 3,300 LTE/SAE contributions to 3GPP (3rd Generation Partnership Project).
About Huawei
Huawei is a leader in providing next generation telecommunications networks, and now serves 36 of the world’s top 50 operators, along with over one billion users worldwide. The company is committed to providing innovative and customized products, services and solutions to create long-term value and growth potential for its customers.
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