Light Engine Design Corp Announces the Addition of Noted Fisheries Biologist and Algae Specialist Mark Rosenblum to its Board of Advisors

FARMERS BRANCH, TX – (NewMediaWire) – May 25, 2017 – Light Engine Design Corp. (OTC PINK: TLED), is pleased to announce the addition of Mr. Mark Rosenblum to the Company’s Board of Advisors. Mark is an industry leader for algae and macro-algae production, and will be instrumental in helping to guide the Company’s efforts in these areas.

Mr. Rosenblum earned a degree in Fisheries Biology from the School of Natural Resources in Ann Arbor. He has more than 35 years’ experience leading international business concerns in the US, Latin America and SE Asia, including the start-up and development of four successful companies ( > $100 Million in cumulative revenue) since 1990.

Mark is a pioneer in the shrimp farming industry, constructing some of the first commercial shrimp ponds, hatcheries, and algae production systems. In the 1990s, he founded and built the world’s largest shrimp hatchery business. This company supplied up to 95% of the Mexican shrimp seed requirements with a disease resistant strain. Mark also designed, installed, and operated one of the world’s first closed, intensive re-circulating aquaculture systems for shrimp. He continues his work in closed intensive aquaculture systems, hydroponic and modern algae production systems, focusing on how solid state lighting will improve aesthetics, taste and overall healthy production.

„I have known Mark for over 15 years. He is a brilliant scientist and is highly devoted to environmental and biological preservation causes. I am ecstatic to have him on the team,” said the Company’s CEO, Robert Manes.

About the Company: Light Engine Design Corp and its wholly-owned subsidiaries, Dallas Lighting & Photonics and Tall Trees LED Company, is focused on becoming an industry pioneer in the research, development, manufacturing, and sales of state-of-the-art Solid-State Lighting (SSL). The Company is specializing in the design of advanced light engines and fixtures employing innovative, unique light emitting diode (LED) and laser phosphor technologies for use in the entertainment, architectural/entertainment (architainment) and frequency-specific biological lighting industries.

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as „anticipate,” „if,” „believe,” „plan,” „estimate,” „expect,” „intend,” „may,” „could,” „should,” „will,” and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Jabra Recognizes Silego with „Innovation Award” For Configurable Mixed-signal Technology

SANTA CLARA, Calif., May 25, 2017 /PRNewswire/ — Today, Silego Technology Inc. announced that Jabra, at its recent supplier conference, recognized Silego with the „Innovation Award” for Silego’s Configurable Mixed-signal IC, or CMIC, technology and products. Silego’s technology has enabled Jabra to design complex power-line communication into high-density headsets, reducing the number of contact points and providing a sleek industrial design.

Silego is the pioneer and market leader in CMICs. Silego’s CMICs use Non-Volatile Memory to configure and integrate analog, digital logic and power functions, which allows design engineers to reduce power, cost, size and time to market. Since the introduction of CMICs, Silego has developed five generations of CMIC silicon and design tools. Each generation has added functionality and enhanced the design experience. Over 2.7 billion CMICs devices have been sold since Silego’s inception.

At the supplier event, Bo Schmidt, Jabra’s Director of R&D, remarked, „During product development, we have been able to pack complex functions into single Silego CMICs and make and test design spins within hours while saving PCB cycles.”

Mike Noonen, Silego’s VP of Sales and Business Development, added, „Silego is honored with this award and delighted to support innovative customers like Jabra to reduce space, bill of materials, power and design cycles with our CMICs.”

About Silego – The Configurable Mixed-signal Integrated Circuit Company

Silego Technology Inc. is a fabless semiconductor company pioneering Configurable Mixed-signal Integrated Circuits, or CMICs. Silego’s CMICs integrate analog, digital logic, and power functions while eliminating passive and discrete components. Over 2.7 billion CMICs have been sold. Silego Technology is headquartered in Santa Clara, CA. For more information, visit http://www.silego.com.

GN Audio – Jabra

Jabra makes life sound better by developing intelligent sound solutions that transform lives through the power of sound, enabling you to hear more, do more and be more than you ever thought possible.

Jabra’s integrated headset and communications solutions assist professionals in all types of businesses in being more productive. Jabra’s wireless headsets and earbuds are designed to fit any lifestyle – from sports enthusiasts to commuters and office workers.

Jabra is part of the GN group, which operates in more than 90 countries across the world. Founded in 1869, GN group today has more than 5,000 employees.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/jabra-recognizes-silego-with-innovation-award-for-configurable-mixed-signal-technology-300461764.html

SOURCE Silego Technology

Related Links

http://www.silego.com

Telect launches high-density fiber chassis with on-panel splicing

LIBERTY LAKE, Wash., May 25, 2017 /PRNewswire/ — Telect has solved the challenge of on-frame splicing for high-density networks.

Telect, a fiber connectivity company based in Washington State, recently released its LTX series with multiple configurations, including patch and splice.

Network engineers previously have encountered problems with on-frame splicing in high-density environments because the splice panels take up too much room, limiting the number of possible terminations.

Telect has designed the LTX series to maximize port density in a small footprint, offering 72 terminations in a 1RU, 144 in a 2RU and a market-leading 288 in a 4RU.

„The LTX series eliminates the need for a splice vault or rack, minimizing the amount of equipment you need to get the outside plant cable into your data center or central office,” says Aaron Monheim, Telect Product Manager for its fiber portfolio.

Each panel also comes with the superior cable management features for which Telect is known:

  • Routing ears to maintain bend radius and overall cable protection
  • Slack cable storage, critical for ongoing access
  • Labelling to easily identify optical terminations

The LTX series, which can be mounted in any standard equipment rack, features a pre-terminated solution that is easy to install, allowing for rapid deployment in network expansions and eliminating the time and cost dedicated to on-site fiber terminations.

The panel is also available in patch or with splitter modules and MPO options.

Download the LTX data sheet.

Telect challenges the status quo and looks beyond what is possible in fiber optic network connectivity. Since 1982, we’ve designed and manufactured products that link networks together and protect our customers’ fiber investments. Our products and solutions are found across communications service provider networks, data centers and utility networks around the globe.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/telect-launches-high-density-fiber-chassis-with-on-panel-splicing-300463630.html

SOURCE Telect

Related Links

http://www.telect.com/LTX

Private-Sector Partnerships and Citizen Collaboration Could Bridge Gap Between Government Technology Investments and Service Challenges, Accenture Report Finds

ARLINGTON, Va.–(BUSINESS WIRE)–A gap exists between the challenges that government agencies hope to resolve through investments in emerging technologies and the challenges that agency leaders said they believe their citizens find most important, a new report from Accenture (NYSE:ACN) determined.

The report, Emerging Technologies in Public Service, examines the adoption of emerging technologies across government agencies with the most direct interaction with citizens or the greatest responsibility for citizen-facing services: health and social services, policing/justice, revenue, border services, administration and pensions / social security.

As part of the report, Accenture surveyed nearly 800 public service technology professionals across nine countries in North America, Europe and Asia-Pacific to identify emerging technologies being implemented or piloted. These technologies include advanced analytics/ predictive modeling, the Internet of Things, intelligent process automation, video analytics, biometrics/ identity analytics, machine learning, and natural language processing/generation.

When asked to identify the top challenges they face, respondents most often cited improving service delivery to meet citizen expectations, responding to changes in the organization’s mission or goals and hiring and developing people with the right skills. (Interestingly, respondents in Australia, Japan and Singapore rated increasing service delivery as their top priority when using emerging technologies.)

Yet when asked to identify the top challenges they believe their citizens want them to address, these leaders mentioned:

  • Family safety and security;
  • Unpredictability of financial support for assistance programs;
  • Lack of education/ training;
  • Concerns over the complexity of services and regulations; and
  • No involvement in shaping services.

“This disconnect highlights an opportunity for government agencies to look at new ways to get closer to what public service leaders believe are citizen expectations by leveraging emerging technologies to become more agile, adaptive and customer centric,” said Terry Hemken, who leads Accenture’s Health & Public Service Analytics Insights for Government business.

Survey respondents said that one way to help address these challenges is by adopting solutions perfected in the private sector. The research found a strong willingness across all the agencies and countries surveyed to embrace public-private partnerships for help developing emerging-technology projects.

In fact, three-quarters (76 percent) of respondents said their organizations look to successful implementation in the private sector when designing public-service collaborations; two-thirds (68 percent) of those surveyed said the private sector already has helped their organizations meet citizen demands; and approximately the same number (66 percent) are willing to embrace public-private partnerships and new commercial models to improve service delivery.

These partnerships are most successful when the private sector scopes and designs the project, secures talent and delivers the most viable commercial model, according to the report.

The report also suggests that citizens and the nonprofit sector also have a role to play in designing and developing emerging-technology solutions. More than half (60 percent) of respondents who are considering, piloting or implementing emerging-technology projects said they collaborate with citizens and volunteer organizations. While collaborations with citizens and the nonprofit sector are already underway, only a few projects are being explored, the research shows.

“Improving service delivery and quality is the paramount challenge facing public service agencies today,” Hemken said. “Lessons from the private sector and from other agencies can uncover ways to side-step barriers and effect change. A willingness to experiment and accept that some initiatives might fail is essential and should help agencies effectively adopt emerging technologies and ultimately deliver improved public services and citizen satisfaction.”

Methodology

Accenture conducted an online survey of 774 technology leaders in public service organizations at all levels of government, responsible for creating, maintaining and expanding citizen services, and for overseeing budget, purchasing and policy decisions in nine countries: Australia, Finland, France, Germany, Japan, Norway, Singapore, the United Kingdom and the United States. The survey was supplemented by in-depth, qualitative interviews with technology experts across these countries.

About Accenture

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 401,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com

Guns N’ Roses To Continue Thrilling Fans With Newly Added North American Stops On The Not In This Lifetime Tour

LOS ANGELES, May 25, 2017 /PRNewswire/ — Unstoppable rock music icons Guns N Roses will electrify fans into the fall, announcing today a series of fifteen additional North American Stadium and Arena stops on their ongoing worldwide Not In This Lifetime Tour.  Produced by Live Nation, the exhilarating global phenomenon is letting fans get closer with a newly added round of arena shows throughout the U.S. and Canada including stops at New York’s famed Madison Square Garden and Los Angeles’ Forum and Staples Center over Thanksgiving weekend.  In addition to the arena shows, a larger-than-life performance for the people of Little Rock, AK has been added on August 5 at War Memorial Stadium. Tickets for the new Stadium and Arena dates go on sale to the general public starting Saturday, June 3.  Exclusive Guns N’ Roses VIP packages available for North American dates at vipnation.com.

Special guests for the colossal stadium shows have also been revealed including ZZ Top on the El Paso, TX and San Antonio, TX dates; Deftones on the St. Louis, MO and Minneapolis, MN dates; Sturgill Simpson on the Denver, CO, Little Rock, AK, and Miami, FL dates; Royal Blood on the Vancouver, BC and George, WA dates; LĪVE on the Winston-Salem, NC and Hershey, PA dates; and Our Lady Peace on the Montreal, QC, Ottawa, ON, Winnipeg, MB, and Edmonton, AB dates.

The sold out leg of their European stadium tour continues May 27 in Dublin, Ireland before steamrolling on to enthrall audiences across the UK, Europe, and Israel.

Outstanding reviews from around the world crashed in from the start with Rolling Stone dubbing the Not In This Lifetime Tour „the triumphant return of one of the most important bands to cross rock music history.” LA WEEKLY notes it’s „everything fans could hope for” while The Washington Times says the show delivers a set of „inspired surprises.”     

Citi® is the official pre-sale credit card of the Not In This Lifetime Tour. As such, Citi® cardmembers will have access to purchase pre-sale tickets beginning Tuesday, May 30 at 10 a.m. local time until Friday, June 2 at 10 p.m. local time through Citi’s Private Pass® program. For complete pre-sale details visit www.CitiPrivatePass.com. AT&T is sending customers to the front of the line with AT&T priority pre-sale ticket access beginning on Thursday, June 1 at 10am local time through Friday, June 2 at 10pm local time via the AT&T THANKS program. For complete presale details visit att.com/frontoftheline. Tickets for the new dates go on sale to the general public starting Saturday, June 3. For more information please visit livenation.com.

Following the group’s 1985 formation, Guns N Roses injected unbridled, unrivalled, and unstoppable attitude into the burgeoning Los Angeles rock scene. The spirit went on to captivate the entire world with the release of their 1987 debut Appetite for Destruction –the best-selling U.S. debut ever, moving 30 million copies globally.  In 1991, the seven-time platinum Use Your Illusion I and Use Your Illusion II occupied the top two spots of the Billboard Top 200 upon release. Over the course of the past decade, Guns N Roses have performed sold out shows and headlined festivals worldwide following the critically acclaimed release of 2008’s RIAA platinum-certified Chinese Democracy. Six studio albums later, Guns N’ Roses are one of the most important and influential acts in music history and continue to set the benchmark for live performances connecting with millions of fans across the globe. Guns N’ Roses’ are Axl Rose (vocals, piano), Duff McKagan (bass), Slash (lead guitar), Dizzy Reed (keyboard), Richard Fortus (rhythm guitar), Frank Ferrer (drums), and Melissa Reese (keyboard).  

www.gunsnroses.com

#GnFnR

GUNS N’ ROSES NOT IN THIS LIFETIME TOUR 2017

Europe

Saturday, May 27, 2017

Dublin, Ireland

Slane Castle

Tuesday, May 30, 2017

Bilbao, Spain

San Mames Stadium

Friday, June 2, 2017

Lisbon, Portugal

Passeio Martimo De Alges

Sunday, June 4, 2017

Madrid, Spain

Vincente Calderon Stadium

Wednesday, June 7, 2017

Zurich, Switzerland

Letzigrund

Saturday, June 10, 2017

Imola, Italy

Greenfield

Tuesday, June 13, 2017

Munich, Germany

Olympiastadion

Friday, June 16, 2017

London, United Kingdom

London Stadium

Tuesday, June 20, 2017

Gdansk, Poland

Stadion Energy Gdansk

Thursday, June 22, 2017

Hannover, Germany

Messe

Saturday, June 24, 2017

Werchter, Belgium

Classic

Tuesday, June 27, 2017

Copenhagen, Denmark

Telia Parken

Thursday, June 29, 2017

Stockholm, Sweden

Friends Arena

Saturday, July 1, 2017

Hämeenlinna, Finland

Kantolan Tapahtumapuisto

Tuesday, July 4, 2017

Prague, Czech Republic

Letnany Airport

Friday, July 7, 2017

Paris, France

Stade de France

Monday, July 10, 2017

Vienna, Austria

Ernst Happel Stadion

Wednesday, July 12, 2017

Nijmegen, Holland

Goffert Park

Saturday, July 15, 2017

Tel Aviv, Israel

Hayarkon Park

North America

Thursday, July 27, 2017

+St. Louis, MO

The Dome At America’s Center

Sunday, July 30, 2017

+Minneapolis, MN

U.S. Bank Stadium

Wednesday, August 2, 2017

**Denver, CO

Sports Authority Field at Mile High

Saturday, August 5, 2017

**Little Rock, AK

War Memorial Stadium 

Tuesday, August 8, 2017

**Miami, FL

Miami Marlins Stadium

Friday, August 11, 2017

++Winston-Salem, NC

BB&T Field at Wake Forest University

Sunday, August 13, 2017

++Hershey, PA

Hersheypark Stadium

Wednesday, August 16, 2017

Buffalo, NY

New Era Field

Saturday, August 19, 2017

^Montreal, QC

Parc Jean Drapeau

Monday, August 21, 2017

^Ottawa, ON

TD Place Stadium

Thursday, August 24, 2017

^Winnipeg, MB

Investors Group Field

Sunday, August 27, 2017

Regina, SK

New Mosaic Stadium at Evraz Place

Wednesday, August 30, 2017

^Edmonton, AB

Commonwealth Stadium

Friday, September 1, 2017

*Vancouver, BC

BC Place Stadium

Sunday, September 3, 2017

*George, WA

The Gorge

Wednesday, September 6, 2017

***El Paso, TX

Sun Bowl Stadium

Friday, September 8, 2017

***San Antonio, TX

Alamodome

Sunday, October 8, 2017

Philadelphia, PA

Wells Fargo Center

Wednesday, October 11, 2017

New York, NY

Madison Square Garden 

Sunday, October 15, 2017

New York, NY

Madison Square Garden

Sunday, October 22, 2017

Boston, MA

TD Garden 

Thursday, October 26, 2017

Cleveland, OH

Quicken Loans Arena

Sunday, October 29, 2017

Toronto, ON

Air Canada Centre

Thursday, November 2, 2017

Detroit, MI

Little Caesers Arena

Monday, November 6, 2017

Chicago, IL

United Center

Friday, November 10, 2017

Houston, TX

Toyota Center

Tuesday, November 14, 2017

Tulsa, OK

BOK Center

Friday, November 17, 2017

Las Vegas, NV

TMobile Arena

Tuesday, November 21, 2017

Oakland, CA

Oracle Arena

Friday, November 24, 2017

Los Angeles, CA

Staples Center

Saturday, November 25, 2017

Los Angeles, CA

The Forum

***with ZZ Top

+with Deftones

**with Sturgill Simpson

*with Royal Blood

++with LĪVE

^with Our Lady Peace

About Live Nation Entertainment
Live Nation Entertainment (NYSE: LYV) is the world’s leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, Live Nation Advertising & Sponsorship and Artist Nation Management. For additional information, visit www.livenationentertainment.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/guns-n-roses-to-continue-thrilling-fans-with-newly-added-north-american-stops-on-the-not-in-this-lifetime-tour-300463707.html

SOURCE Live Nation Entertainment

Related Links

http://www.livenation.com/investors

Smart RSS Reader, NewsTab, Launches iOS App to Help Users Find the Best Stories on their Favorite News Sources

TEL AVIV, Israel, May 25, 2017 /PRNewswire/ —

NewsTab, is a smart newsreader that lets users follow their favorite news sources and news topics, surfacing the best stories on those news feeds. It bridges the gap between modern news aggregators, such as Flipboard (smart, beautiful, but closed with limited coverage of news sources and regions), and open RSS tools like Feedly (which support any RSS feed, but have limited intelligences and a geeky, „inbox” UX).

NewsTab is the only service that combines an intuitive RSS catalog (indexing millions of feeds in over 130 regions and languages worldwide), with smart news surfacing algorithms. All with intuitive and slick UI. The service supports any RSS feed and integrates with Google News, to make it easy to follow any news topics.

NewsTab was first launched on Android in October 2016, with great feedback from users and bloggers and became very popular with international reader and expats looking to follow local news sources. Current iOS launch completes its cross platform offering and the service now supports all major platforms (Web, Android app, iOS app, Chrome app and Chrome extension).

Additional iOS apps (Tablet, Watch, TV) are expected in the near future.

Together with this iOS launch, NewsTab is also announcing a new set of intelligent algorithms improving its news surfacing capabilities. These are based on proprietary engine, applying machine learning techniques on multiple signals, such as read patterns, popularity, publisher reach and social sharing.

„We are excited by this iOS release,” said Founder & CEO, Arnon Catalan. „Which is making us a truly cross-platform service. The combination of a multi-platform offering with our smart surfacing algorithms and slick UI, are making NewsTab the top choice among modern newsreaders.”

Download NewsTab iOS app

About NewsTab

NewsTab is headquartered in Tel Aviv, with a mission to create the ultimate news reading experience on all digital platforms. NewsTab is owned and managed by Arnon Catalon, an accomplished entrepreneur who previously co-founded / lead Screenovate (a leader in smartphone virtualization) and Gteko (eSupport leader, acquired by Microsoft for $110 million). Arnon also headed Microsoft’s PC Health product group. Newstab raised $1.5M in seed financing from top angel investors including Paul Maritz (previously the CEO of VMware), and Eyal Levy (previously the CEO of Pelephone, Israel telecommunications giant).

Contact:
Arnon Catalan
+972-544-464647
arnon@skyter.com

SOURCE NewsTab

OTC Markets Group’s OTC Compliance Analytics Product Wins at 2017 Inside Market Data/Inside Reference Data Awards

NEW YORK, May 25, 2017 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of the OTCQX®, OTCQB® and Pink® markets, today announced it has received the award for „Most Innovative Market Data Project (Vendor)” at the 2017 Inside Market Data/Inside Reference Data Awards. 

OTC Markets Group won in the category for its OTC Compliance Analytics Product, a comprehensive, quantitative tool designed to help broker-dealers and investment managers automate risk processes and identify opportunities for 20,000 OTCQX, OTCQB, Pink and Grey Market securities.

The Product is comprised of two files: an enhanced Compliance Data File and an Issuer Analytics File.  The Compliance Data File provides more than 80 current and historical OTC compliance data points, including current and former Caveat Emptor status, shell and delinquency status. Additionally, it includes security name change history, split history and 30-day price and volume averages.

The Issuer Analytics File provides an overall risk ranking for all OTC equity securities based on a proprietary algorithm which assigns a value to key risk variables. The 16-category scoring system includes: Penny Stock status, Caveat Emptor status, number of corporate name changes, price/volume changes vs. 30-day moving averages, and changes to authorized shares and shares outstanding. The scoring output is flexible, allowing compliance teams to assign their own weightings and priorities based on their firm’s individual needs. 

„We are honored that our OTC Compliance Analytics Product has been recognized in the prestigious IMD/IRD Awards program,” said Matthew Fuchs, EVP of Market Data and Strategy at OTC Markets Group. „The Compliance Analytics Product is another powerful tool to bring greater transparency to the market. By quantifying these compliance data points, the Analytics Product helps broker-dealers, banks and asset managers quickly identify risk. It also helps these firms identify and eliminate the unnecessary restrictions often placed on OTCQX and OTCQB securities.”

„On behalf of Inside Market Data and Inside Reference Data, we congratulate OTC Markets on winning the Most Innovative Market Data Project in this year’s IMD and IRD awards with its OTC Compliance Analytics Product. This year, this category was extremely competitive, with a wide range of projects and data types. OTC Markets is filling a clear need for compliance tools in the over-the-counter equities space. Beating the other entries demonstrates the importance that end users place on data for compliance purposes. By following up last year’s win for Best Real-Time Market Data Initiative with its OTC Compliance Data File product, OTC Markets is establishing itself as the leading source of over-the-counter equities data and compliance tools,” says Max Bowie, editor of Inside Market Data and Inside Data Management.

Hosted by Inside Market Data, Inside Reference Data and Waters Technology, the Inside Market Data/Inside Reference Data Awards recognize industry excellence within market data, reference data and enterprise data management. 

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Subscribe to the OTC Markets RSS Feed

Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/otc-markets-groups-otc-compliance-analytics-product-wins-at-2017-inside-market-datainside-reference-data-awards-300463561.html

SOURCE OTC Markets Group Inc.

Related Links

http://www.otcmarkets.com

IKEA and Feeding America® Partner Again to Fight Child Hunger and Support Local Food Banks

CONSHOHOCKEN, Pa., May 25, 2017 /PRNewswire/ — IKEA announced today that it is collaborating with Feeding America®, the nation’s largest domestic hunger-relief organization, to sponsor an in-store program, ‚Feeding the Future,’ which runs June 1 – 30, to support local Feeding America member food banks.

Through the ‚Feeding the Future’ program, IKEA U.S. will donate $1 to local Feeding America food banks for every healthy kids meal purchased in any IKEA U.S. restaurant. Additionally, IKEA customers can add $1 donations* to the Feeding America network at all IKEA store registers at cash lanes, customer restaurants, IKEA Bistros and Swedish Food markets.The five healthy kids meals in the ‚Feeding the Future’ program include:

  1. Organic penne pasta with organic marinara sauce
  2. Grilled chicken with baby carrots, strawberries and string cheese
  3. Vegetable Ball with steamed vegetables
  4. Chicken Ball with steamed vegetables
  5. Swedish meatballs mashed potatoes and steamed vegetables

„Every day, millions of Americans, including children, are struggling with hunger. IKEA U.S. is dedicated to supporting our local communities and customers by supporting our store markets local food banks. Collaborating with the Feeding America network, along with our commitment to healthy eating, benefits many in need,” commented Evamay Lawson, IKEA Community Relations Manager.

This year marks the fourth year of the ‚Feeding the Future’ program. To date the program has helped to secure almost 9 million meals to people who struggle with hunger.

  • According to Feeding America, more than one out of six US children live in a household with food insecurity, which means they do not always know where they will find their next meal.
  • At IKEA, children are the most important people in the world, so IKEA looks to support programs that make a difference in the lives of the many children. For this reason, IKEA is partnering again in 2017 with Feeding America to sponsor an annual in-store program – ‚Feeding the Future’ – which supports national local food banks.
  • This partnership is a great way for IKEA US to reach local communities, support Feeding America’s child hunger programs, encourage healthy eating, as well as give our customers the opportunity to make a difference.

Feeding America Network of Food Banks

The process of getting food to people who struggle with hunger in America requires a dynamic infrastructure and sophisticated management. Feeding America secures donations from national food and grocery manufacturers, retailers, shippers, packers and growers – and from government agencies and other organizations. Feeding America then moves donated food and grocery product to member food banks.

The food banks in turn distribute food and grocery items through food pantries and meal programs that serve families, children, seniors and others who struggle with hunger. Last year alone, the Feeding America network distributed more than 4 billion meals to people in need.

The Feeding America nationwide network of 200 food banks also supports programs that improve food security among the people served; educates the public about the issue of hunger; and advocates for legislation that protects people from going hungry.

*.IKEA guarantees a maximum donation of $50,000 to Feeding America and member food banks from June 1 to June 30, 2017

About IKEA Group
Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function at low prices. The IKEA Group operates 340 IKEA stores in 28 countries, including 42 in the U.S. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information see IKEA-USA.com, @IKEAUSANews, @IKEAUSA or IKEAUSA on Facebook, YouTube, Instagram and Pinterest.

About Feeding America
Feeding America is a nationwide network of more than 200 food banks that leads the fight against hunger in the United States. Together, we provide food to more than 46 million people through 61,000 food pantries, soup kitchens, and shelters in communities across America. Feeding America also supports programs that improve food security among the people we serve; educates the public about the problem of hunger; and advocates for legislation that protects people from going hungry. Individuals, charities, businesses and government all have a role in ending hunger. Donate. Volunteer. Advocate. Educate. Together we can solve hunger. Visit www.feedingamerica.org. Find us on Facebook at www.facebook.com/FeedingAmerica or follow us on Twitter at www.twitter.com/FeedingAmerica.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ikea-and-feeding-america-partner-again-to-fight-child-hunger-and-support-local-food-banks-300463726.html

SOURCE IKEA US

Research Reports Coverage on Business Services Stocks — Priceline, PRA, RPX, and Moody’s

NEW YORK, May 25, 2017 /PRNewswire/ --

On Wednesday, the NASDAQ Composite ended the day at 6,163.02, up 0.40%; the Dow Jones Industrial Average edged 0.36% higher, to finish at 21,012.42; and the S&P 500 closed at 2,404.39, slightly gaining 0.25%. Gains were broad based as seven out of nine sectors finished the trading session in green. Stock-Callers.com has initiated research reports on the following Business Services stocks: The Priceline Group Inc. (NASDAQ: PCLN), PRA Group Inc. (NASDAQ: PRAA), RPX Corp. (NASDAQ: RPXC), and Moody's Corp. (NYSE: MCO). Learn more about these stocks by downloading their comprehensive and free reports at: http://stock-callers.com/registration

Priceline Group    

Norwalk, Connecticut headquartered The Priceline Group Inc.'s stock finished Wednesday's session 1.14% higher at $1,848.74 with a total trading volume of 408,720 shares. The Company's shares have advanced 2.76% in the past month, 12.92% in the previous three months, and 26.10% since the start of this year. The stock is trading 2.76% above its 50-day moving average and 16.50% above its 200-day moving average. Additionally, shares of Priceline, which provides online travel and restaurant reservation, and related services, have a Relative Strength Index (RSI) of 56.40. PCLN complete research report is just a click away and free at: http://stock-callers.com/registration/?symbol=PCLN

PRA Group    

On Wednesday, shares in Norfolk, Virginia headquartered PRA Group Inc. recorded a trading volume of 1.24 million shares, which was above their three months average volume of 495,120 shares. The stock ended the session 1.28% lower at $34.75. The Company's shares have advanced 4.67% in the last one month. The stock is trading 3.69% above its 50-day moving average and 0.68% above its 200-day moving average. Moreover, shares of PRA Group, which engages in the purchase, collection, and management of portfolios of nonperforming loans that have been charged-off by the credit grantor in the Americas and Europe, have an RSI of 49.93. The complimentary report on PRAA can be downloaded at: http://stock-callers.com/registration/?symbol=PRAA

RPX Corp. 

San Francisco, California headquartered RPX Corp.'s shares closed the day 1.52% lower at $13.57. The stock recorded a trading volume of 993,305 shares, which was higher than its three months average volume of 441,070 shares. The Company's shares have gained 5.44% in the last month, 20.84% over the previous three months, and 25.65% on an YTD basis. The stock is trading 5.97% and 20.77% above its 50-day and 200-day moving averages, respectively. Additionally, shares of RPX, which provides patent risk management and discovery services in the US, Japan, South Korea, and internationally, have an RSI of 53.45.

On May 03rd, 2017, research firm Cowen reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $11 a share to $14 a share. Sign up for your complimentary research report on RPXC at: http://stock-callers.com/registration/?symbol=RPXC

Moody's  

Shares in New York headquartered Moody's Corp. finished 0.14% higher at $115.05. The stock recorded a trading volume of 763,442 shares. The Company's shares have advanced 1.61% in the previous three months and 22.04% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.52% and 7.81%, respectively. Furthermore, shares of Moody's, which provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide, have an RSI of 48.86. Get free access to your research report on MCO at: http://stock-callers.com/registration/?symbol=MCO

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Hanwha Q CELLS Reports First Quarter 2017 Results

SEOUL, South Korea, May 25, 2017 /PRNewswire/ — Hanwha Q CELLS Co., Ltd. („Hanwha Q CELLS” or the „Company”) (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today reported its unaudited financial results for the first quarter ended March 31, 2017. The Company will host a conference call to discuss the results at 8:00 am Eastern Time (9:00 pm Korea Standard Time) on May 25, 2017.

First Quarter 2017 Highlights

  • Net revenues were $432.0 million, compared with $565.2 million in the fourth quarter of 2016 and $514.9 million in the first quarter of 2016.
  • Gross margin was 13.8%, compared with 7.0% in the fourth quarter of 2016 and 21.2% in the first quarter of 2016.
  • Operating income was $28.3 million, compared with operating loss of $21.5 million in the fourth quarter of 2016 and operating income of $56.7 million in the first quarter of 2016.
  • Net income attributable to Company’s ordinary shareholders was $17.6 million, compared with net loss of $18.5 million in the fourth quarter of 2016 and net income of $27.5 million in the first quarter of 2016.
  • Earnings per fully diluted American Depositary Share („ADS” and each ADS represents 50 of the Company’s ordinary shares) were $0.21, compared with loss per fully diluted ADS of $0.22 in the fourth quarter of 2016 and earnings per fully diluted ADS of $0.33 in the first quarter of 2016.

„Our first quarter results were modestly ahead of our plan and we are pleased to report that we have returned to a profitable quarter despite a challenging industry environment,” said Mr. Seong-woo Nam, Chairman and CEO of Hanwha Q CELLS. Mr. Nam continued „We have been focusing on strengthening our sales backlog early on to increase our operational visibility in 2017 while diversifying our regional and segmental business profile to better navigate different market cycles.”

„From our products side, we are now offering a more balanced products portfolio with an official launch of our proprietary mono-PERC module series, called Q.PEAK,” Mr. Nam remarked. „Our first launch was made in the United States, Europe, Japan and Australia with 60-cell modules reaching up to 305 Wp in the first quarter. This will be followed by the launch of 72-cell modules reaching up to 370 Wp in the second half of this year. Our new mono-PERC modules are already in high demand, and we are excited that our stronger product line-up will enable us to compete more effectively in the broader market segments.”

Mr. Jay Seo, CFO of Hanwha Q CELLS, said „We are making good progress strengthening our balance sheet by continuing to pay off certain interest-bearing instruments and we have brought down our net debt-to-equity ratio to 125% this quarter compared with 191% in the previous quarter.” Mr. Seo continued, „We believe that we are well-positioned to navigate through different industry cycles with our strong technology, product portfolios and cost competitiveness, and we’ll prudently manage our operations to continue sustainable growth.”

First Quarter 2017 Financial Results

Net Revenues

  • Total net revenues were $432.0 million, down 23.6% from $565.2 million in the fourth quarter of 2016 and down 16.1% from $514.9 million in the first quarter of 2016.

Gross Profit and Margin

  • Gross profit in the first quarter of 2017 was $59.8 million, compared with $39.6 million in the fourth quarter of 2016 and $109.0 million in the first quarter of 2016.
  • Gross margin in the first quarter of 2017 was 13.8%, compared with 7.0% in the fourth quarter of 2016 and 21.2% in the first quarter of 2016.

Income from Operations and Operating Margin

  • Income from operations in the first quarter of 2017 was $28.3 million, compared with a loss from operations of $21.5 million in the fourth quarter of 2016 and income from operations of $56.7 million in the first quarter of 2016.
  • Operating margin in the first quarter of 2017 was 6.6%, compared with -3.8% in the fourth quarter of 2016 and 11.0% in the first quarter of 2016.
  • Total operating expenses were $31.5 million in the first quarter of 2017, down 48.4% from $61.1 million in the fourth quarter of 2016 and down 39.8% from $52.3 million in the first quarter of 2016.
  • Selling and marketing expenses were $21.9 million in the first quarter of 2017, down 21.2% from $27.8 million in the fourth quarter of 2016 and down 3.9% from $22.8 million in the first quarter of 2016.
  • General and administrative expenses were $18.2 million in the first quarter of 2017, down 13.3% from $21.0 million in the fourth quarter of 2016 and up 1.7% from $17.9 million in the first quarter of 2016.
  • Research and development expenses were $8.8 million in the first quarter of 2017, down 24.1% from $11.6 million in the fourth quarter of 2016 and down 24.1% from $11.6 million in the first quarter of 2016.

Net Interest Expense

  • Net interest expense was $9.5 million in the first quarter of 2017, compared with $12.0 million in the fourth quarter of 2016 and $12.8 million in the first quarter of 2016. This was largely due to the payment of principal on certain interest-bearing debt instruments.

Foreign Currency Exchange Gain (Loss)

  • Net foreign currency exchange gain was $2.5 million in the first quarter of 2017, compared with a net loss of $6.9 million in the fourth quarter of 2016 and net gain of $4.0 million in the first quarter of 2016.

Gain (loss) on Change in Fair Value of Derivative Contracts

  • The Company recorded a net loss of $0.4 million in the first quarter of 2017 from the change in fair value of derivatives in hedging activities, compared with a net gain of $6.7 million in the fourth quarter of 2016 and a net loss of $15.3 million in the first quarter of 2016.         

Income Tax Expense (Benefit)

  • Income tax expense was $5.4 million in the first quarter of 2017, compared with an income tax benefit of $10.4 million in the fourth quarter of 2016 and an income tax expense of $4.6 million in the first quarter of 2016.

Net Income (Loss) and Earnings (Loss) per ADS

  • Net income attributable to Company’s ordinary shareholders was $17.6 million in the first quarter of 2017, compared with net loss of $18.5 million in the fourth quarter of 2016 and net income of $27.5 million in the first quarter of 2016.
  • Earnings per fully diluted ADS on a GAAP basis were $0.21 in the first quarter of 2017, compared with loss per fully diluted ADS of $0.22 in the fourth quarter of 2016 and earnings per fully diluted ADS of $0.33 in the first quarter of 2016.

Financial Position

As of March 31, 2017, the Company had cash and cash equivalents of $516.1 million, compared with $390.0 million as of December 31, 2016. The restricted cash as of March 31, 2017 was $110.7 million, compared with $116.8 million as of December 31, 2016.

As of March 31, 2017, accounts receivable was $295.3 million, compared with $328.1 million, as of December 31, 2016. Inventories were $399.3 million as of March 31, 2017, compared with $338.5 million as of December 31, 2016.

Total short-term bank borrowings (including the current portion of long-term bank borrowings) were $432.5 million, a decrease of $95.4 million from the fourth quarter of 2016, due to the repayment of certain bank loans.

As of March 31, 2017, the Company had total long-term debt (net of current portion and long-term notes) of $643.0 million, a decrease of $0.7 million from the fourth quarter of 2016. The Company’s long-term bank and government borrowings are to be repaid in installments until their maturities, which range from one to fourteen years.

Net cash provided by operating activities was $234.5 million in the first quarter of 2017.

Capital expenditures were $11.9 million in the first quarter of 2017.

Operations Updates

Production Capacity

As of March 31, 2017, the Company’s in-house, annualized production capacities were 1,550 MW for ingot, 1,000 MW for wafer, 4,200 MW for cell and 4,200 MW for module.

By the end of this year, we expect our annual nameplate capacities to reach 1,600 MW for ingot, 1,100 MW for wafer, 4,600 MW for cell and 4,600 MW for module mainly from conversion efficiency improvement and debottlenecking of our production operations.

Furthermore, the Company has additional module availability of up to 1,800 MW (annualized) as of March 31, 2017 from Hanwha Q CELLS Korea Corporation, an affiliate of the Company. Hanwha Q CELLS Korea Corporation is currently expanding its capacity with expected capacity of approximately 2,200 MW respectively in the second half of 2017.

Business Outlook

Second Quarter and Full Year 2017 Guidance

For the second quarter of 2017, the Company estimates net revenues in the range of $560 to 580 million.

For the full year 2017, the Company reiterates its previous guidance of:

  • Total module shipments in the range of 5,500 to 5,700 MW
  • Revenue-recognized module shipments in the range of 5,300 to 5,500 MW
  • Capital expenditures of approximately $50 million for manufacturing technology upgrades and certain R&D related expenditures

Conference Call

The Company will host a conference call to discuss the results at 8:00 am Eastern Time (9:00 pm Korea Standard Time) on May 25, 2017. The management will discuss the results and take questions following the prepared remarks.

A live webcast of the conference call will be available on the investor relations section of the Company’s website at www.hanwha-qcells.com or by clicking the following hyperlink: http://edge.media-server.com/m/p/iar4z3gn.

The dial-in details for the live conference call are as follows:

International Toll Free Dial-In Number

+65 67135090

United States

+1 (845) 675-0437

South Korea

+82 (0)2 6490-3660

Germany

08001820671

United Kingdom

China, Domestic

Hong Kong

+44 2036214779

8008190121 / 4006208038

+852 30186771

Passcode: HQCL

A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company’s website at www.hanwha-qcells.com and also by dialing numbers below:

International Toll Free Dial-In Number

+61 2 8199 0299

United States

+1 (855) 452-5696

South Korea

0079861361602

Germany

United Kingdom

08001802149

08082340072

China, Domestic

Hong Kong

8008700206 / 4006322162

800963117

Conference ID: 22649435

Replay time period: May 25, 2017 11:00 ETJune 2, 2017 09:59 ET

About Hanwha Q CELLS

Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL) is one of the world´s largest and most recognized photovoltaic manufacturers for its high-performance, high-quality solar cells and modules. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ), with diverse international manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, the company provides excellent services and long-term partnership to its customers in the utility, commercial, government and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 10 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.com/.

Safe Harbor Statement

This report contains forward-looking statements that are not statements of historical fact. These statements constitute „forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as „will,” „expects,” „anticipates,” „future,” „intends,” „plans,” „believes,” „estimates” and similar statements. Such statements, particularly statements about our guidance for performance in the second quarter and the full year 2017, involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS’ filings with the Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Hanwha Q CELLS Co., Ltd.

Unaudited Condensed Consolidated Balance Sheets

(in millions of US dollars, except share data)

March 31,
2017

December 31,
2016

ASSETS

(unaudited)

(audited)

Current assets

Cash and cash equivalents

516.1

390.0

Restricted cash

110.7

116.8

Accounts and notes receivable – net

295.3

328.1

Receivables from related parties

124.3

83.6

Inventories

399.3

338.5

Loans to related parties

12.0

13.0

Other current assets

99.0

81.5

           Total current assets

1,556.7

1,351.5

Fixed assets – net

762.0

755.5

Intangible assets – net

14.7

16.6

Land use rights – net

48.2

47.9

Deferred tax assets – net

7.2

6.1

Loans to related parties

6.6

6.6

Other long-term assets

28.8

24.9

                Total assets

2,424.2

2,209.1

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities

Accounts payable

147.4

171.1

Notes payable

88.4

107.2

Payables to related parties

228.8

161.6

Deferred revenue

252.0

18.9

Accrued expenses

38.3

36.6

Other payables

19.8

20.2

Tax payables

21.6

16.0

Short-term debt

281.0

377.4

Current portion of long-term debt

151.5

150.5

Customer deposits

26.5

17.3

Derivative contracts

0.6

1.0

Litigation accruals

1.0

1.8

Deferred tax liabilities

2.4

Warranty provision

43.1

42.2

Other current liabilities

6.6

6.1

     Total current liabilities

1,306.6

1,130.3

Long-term debt

643.0

643.7

Long-term warranty provision

16.3

19.0

Deferred tax liabilities

9.7

7.9

      Total liabilities

1,975.6

1,800.9

Stockholders’ equity

Ordinary shares

0.4

0.4

Additional paid-in capital

431.7

431.7

Accumulated income 

124.9

107.3

Accumulated other comprehensive loss

(108.4)

(131.2)

      Total stockholders’ equity

448.6

408.2

      Total liabilities, redeemable ordinary shares and stockholders’ equity

2,424.2

2,209.1

Hanwha Q CELLS Co., Ltd.

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

(in millions of US dollars, except share data and net income (loss) per share)

For the three months ended 

 March 31, 2017 

 December 31, 2016 

 March 31, 2016 

 (unaudited) 

 (unaudited) 

  (unaudited)  

Net sales

432.0

565.2

514.9

Cost of goods sold

372.2

525.6

405.9

          Gross profit

59.8

39.6

109.0

Selling and marketing expenses

21.9

27.8

22.8

General and administrative expenses

18.2

21.0

17.9

Research and development expenses

8.8

11.6

11.6

Restructuring charges

0.7

Other operating expenses (income)

(17.4)

          Income (loss) from operations

28.3

(21.5)

56.7

Other income (expenses)

     Interest income

1.0

3.1

3.1

     Interest expense

(10.5)

(15.1)

(15.9)

     Foreign exchange gain (loss)

2.5

(6.9)

4.0

     Gain (loss) on change in fair value of derivative contracts 

(0.4)

6.7

(15.3)

     Investment income (loss)

1.2

1.2

(1.5)

     Other income (expense) – net

0.9

3.6

1.0

     Other expense, net

(5.3)

(7.4)

(24.6)

          Income (loss) before income tax

23.0

(28.9)

32.1

Income tax expense (benefit)

5.4

(10.4)

4.6

           Net income (loss)

17.6

(18.5)

27.5

Net income (loss) attributable to Hanwha Q CELLS Co., Ltd.’s stockholders per share:

Basic

US$0.00

US$0.00

US$0.01

Diluted

US$0.00

US$0.00

US$0.01

Net income (loss) attributable to Hanwha Q CELLS Co., Ltd.’s stockholders per ADS:

Basic

US$0.21

(US$0.22)

US$0.33

Diluted

US$0.21

(US$0.22)

US$0.33

Number of shares used in computation of net income (loss) per share:

Basic

4,158,769,098

4,159,051,773

4,158,891,211

Diluted

4,158,769,098

4,159,287,244

4,159,413,477

Number of shares used in computation of net income (loss) per ADS:

Basic

83,175,382

83,181,035

83,177,824

Diluted

83,175,382

83,185,745

83,188,270

Other comprehensive income (loss)

     Foreign currency translation adjustment

22.9

(50.5)

22.4

     Pension adjustments

(0.3)

Comprehensive income (loss)

40.5

(69.3)

49.9

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hanwha-q-cells-reports-first-quarter-2017-results-300463821.html

SOURCE Hanwha Q CELLS Co., Ltd.