Panasonic Reports First-Quarter Results for Fiscal 2015

- Operating profit increased due mainly to sales increase in real terms and fixed-cost reduction -

OSAKA, Japan - Thursday, July 31st 2014 [ME NewsWire]

(BUSINESS WIRE)-- Panasonic Corporation (Panasonic [TOKYO:6752]) today reported its consolidated financial results for the first quarter, ended June 30, 2014, of the current fiscal year ending March 31, 2015 (fiscal 2015).

Consolidated First-quarter Results

Consolidated group sales for the first quarter increased by 2% to 1,852.3 billion yen compared with 1,824.5 billion yen for the first quarter of the year ended March 31, 2014 (fiscal 2014). Yen depreciation contributed to sales increase. Demand in Japan overall decreased mainly in consumer electronics products following demand surge before the consumption tax hike in April. Meantime, this negative effect was mostly offset due mainly to the effect of demand surge before the tax hike remaining in the first quarter for some products. Automotive-related business grew in sales with stable demand globally. Of the consolidated group total, domestic sales amounted to 857.4 billion yen, down by 1% from 864.9 billion yen a year ago. Overseas sales increased by 4% to 994.9 billion yen from 959.6 billion yen a year ago.

During the first quarter under review, despite economic slowdown in China and ASEAN countries, the global economy moderately recovered as a whole due mainly to recovery from low demand after consumption tax hike in Japan and continuous economic recovery in Europe and the U.S.

Under such business circumstances, in fiscal 2015, the second year of the mid-term management plan “Cross-Value Innovation 2015 (CV2015),” Panasonic has been promoting the initiatives to consolidate a foundation to achieve CV2015 and set growth strategy for a ‘New Panasonic’ in fiscal 2019.

Operating profit* increased by 28% to 82.3 billion yen from 64.2 billion yen a year ago, due mainly to fixed cost reduction and sales increase in real term excluding business transfers executed a year ago. Pre-tax income and net income attributable to Panasonic Corporation decreased significantly to 55.1 billion yen from 122.6 billion yen, and to 37.9 billion yen from 107.8 billion yen, respectively, mainly on one-off gain of 79.8 billion yen from pension scheme change incurred as other income (deductions) a year ago.

* For information about operating profit, see Note 2 of the Notes to consolidated financial statements attached PDF: http://panasonic.co.jp/corp/news/official.data/data.dir/2014/07/en140731-15/en140731-15-6.pdf

Breakdown by Segment

The company transferred some businesses among segments as of April 1, 2014, due to its reorganization including Appliances Company. Accordingly, segment information for the first quarter of fiscal 2014 has been reclassified conforming to the presentation for the first quarter of fiscal 2015.

The company’s first quarter consolidated sales and profits by segment with previous year comparisons are summarized as follows:

Appliances

Sales increased by 1% to 465.4 billion yen from 459.8 billion yen a year ago. Sales increased due mainly to stable shipments to restock distributors’ inventory which had been at a low level after demand surge before consumption tax hike in Japan, and improvement of air-conditioner business in China which was sluggish a year ago.

Segment profit significantly increased by 101% to 22.5 billion yen, compared with 11.2 billion yen a year ago due mainly to profit improvement of the challenging businesses. The device businesses also contributed to the overall profit increase.

Eco Solutions

Sales increased by 4% to 384.4 billion yen from 369.7 billion yen a year ago due mainly to capturing demand steadily in Japan, despite slow housing market after consumption tax hike. Securing orders in consumer spending surge before consumption tax hike at the end of fiscal 2014 also contributed to sales increase. Overseas sales expanded due to newly-consolidated VIKO and sales increases in strategic regions including India and Asia. Segment profit increased by 6% to 16.2 billion yen from 15.2 billion yen a year ago due mainly to benefit from sales increase and streamlining initiatives.

AVC Networks

Sales increased by 1% to 273.8 billion yen from 270.6 billion yen a year ago due mainly to stable sales in core businesses, although sales of PDPs and smartphones for consumers decreased due to business reform. Segment loss was 8.1 billion yen, significantly improved from a loss of 15.4 billion yen a year ago due mainly to effects of reforms in challenging businesses.

Automotive & Industrial Systems

Sales increased by 2% to 680.4 billion yen from 664.3 billion yen a year ago. Sales increased due mainly to positive impact of yen depreciation and sales growth for automotive-use businesses including infotainment systems and portable rechargeable batteries. Segment profit decreased by 18% to 23.5 billion yen from 28.7 billion yen a year ago. Sales increase and other measures were unable to offset the fixed cost increases.

Other

Sales decreased by 18% to 143.2 billion yen from 174.1 billion yen a year ago due mainly to the healthcare-related business transfer at the end of fiscal 2014. Segment loss was 2.0 billion yen, almost unchanged from a loss of 1.7 billion yen a year ago.

Consolidated Financial Condition

Net cash provided by operating activities for the first quarter of fiscal 2015 amounted to 127.6 billion yen, compared with an inflow of 102.4 billion yen a year ago, due mainly to an improvement in working capital including an increase in trade payables. Net cash used in investing activities amounted to 42.0 billion yen, compared with an outflow of 49.1 billion yen a year ago due mainly to an increase in proceeds from disposals of property, plant and equipment. Accordingly, free cash flow (net cash from operating activities plus net cash from investing activities) amounted to 85.6 billion yen, increased by 32.3 billion yen a year ago. Net cash used in financing activities amounted to 37.7 billion yen, compared with an outflow of 93.7 billion yen a year ago, due mainly to a decrease in repaying interest-bearing debt, despite an increase in dividend paid. Taking into consideration exchange rate fluctuations, cash and cash equivalents totaled 634.3 billion yen as of June 30, 2014, up 41.9 billion yen, compared with the end of the last fiscal year.

The company’s consolidated total assets as of June 30, 2014 increased by 23.0 billion yen to 5,236.0 billion yen from March 31, 2014. This was due mainly to increases in cash and cash equivalents, and inventories, despite decrease in accounts receivables and property, plant and equipment. Panasonic Corporation shareholders’ equity increased by 15.5 billion yen compared with March 31, 2014, to 1,563.7 billion yen, due mainly to recording net income attributable to Panasonic Corporation. Adding noncontrolling interests to Panasonic Corporation shareholders’ equity, total equity was 1,587.8 billion yen.

Forecast for Fiscal 2015

The business performance forecast for fiscal 2015 remains unchanged from the previous forecast announced on April 28, 2014.

Panasonic Corporation is one of the world's leading manufacturers of electronic and electric products for consumer, business and industrial use. Panasonic’s shares are listed on the Tokyo and Nagoya stock exchanges. For more information, please visit the following web sites:

Panasonic home page URL: http://panasonic.net/

Panasonic IR web site URL: http://panasonic.net/ir/

Disclaimer Regarding Forward-Looking Statements

This press release includes forward-looking statements (that include those within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934) about Panasonic and its Group companies (the Panasonic Group). To the extent that statements in this press release do not relate to historical or current facts, they constitute forward-looking statements. These forward-looking statements are based on the current assumptions and beliefs of the Panasonic Group in light of the information currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause the Panasonic Group's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. Panasonic undertakes no obligation to publicly update any forward-looking statements after the date of this press release. Investors are advised to consult any further disclosures by Panasonic in its subsequent filings under the Financial Instrument and Exchange Act of Japan (the FIEA) and other publicly disclosed documents.

The risks, uncertainties and other factors referred to above include, but are not limited to, economic conditions, particularly consumer spending and corporate capital expenditures in the Americas, Europe, Japan, China and other Asian countries; volatility in demand for electronic equipment and components from business and industrial customers, as well as consumers in many product and geographical markets; the possibility that excessive currency rate fluctuations of the U.S. dollar, the euro, the Chinese yuan and other currencies against the yen may adversely affect costs and prices of Panasonic’s products and services and certain other transactions that are denominated in these foreign currencies; the possibility of the Panasonic Group incurring additional costs of raising funds, because of changes in the fund raising environment; the possibility of the Panasonic Group not being able to respond to rapid technological changes and changing consumer preferences with timely and cost-effective introductions of new products in markets that are highly competitive in terms of both price and technology; the possibility of not achieving expected results on the alliances or mergers and acquisitions; the possibility of not being able to achieve its business objectives through joint ventures and other collaborative agreements with other companies, including due to the pressure of price reduction exceeding that which can be achieved by its effort and decrease in demand for products from business partners which Panasonic highly depends on in BtoB business areas; the possibility of the Panasonic Group not being able to maintain competitive strength in many product and geographical areas; the possibility of incurring expenses resulting from any defects in products or services of the Panasonic Group; the possibility that the Panasonic Group may face intellectual property infringement claims by third parties; current and potential, direct and indirect restrictions imposed by other countries over trade, manufacturing, labor and operations; fluctuations in market prices of securities and other assets in which the Panasonic Group has holdings or changes in valuation of long-lived assets, including property, plant and equipment and goodwill, deferred tax assets and uncertain tax positions; future changes or revisions to accounting policies or accounting rules; as well as natural disasters including earthquakes, prevalence of infectious diseases throughout the world, disruption of supply chain and other events that may negatively impact business activities of the Panasonic Group. The factors listed above are not all-inclusive and further information is contained in the most recent English translated version of Panasonic’s securities reports under the FIEA and any other documents which are disclosed on its website.

Financial Tables and Additional Information

Statements of Income and Statements of Comprehensive Income [PDF: 12KB] http://panasonic.co.jp/corp/news/official.data/data.dir/2014/07/en140731-15/en140731-15-2.pdf Balance Sheets [PDF: 12KB] http://panasonic.co.jp/corp/news/official.data/data.dir/2014/07/en140731-15/en140731-15-3.pdf Information by Segment [PDF: 10KB] http://panasonic.co.jp/corp/news/official.data/data.dir/2014/07/en140731-15/en140731-15-4.pdf Statements of Cash Flows [PDF: 12KB] http://panasonic.co.jp/corp/news/official.data/data.dir/2014/07/en140731-15/en140731-15-5.pdf Notes to consolidated financial statements [PDF: 9KB] http://panasonic.co.jp/corp/news/official.data/data.dir/2014/07/en140731-15/en140731-15-6.pdf Panasonic Group [PDF: 15KB] http://panasonic.co.jp/corp/news/official.data/data.dir/2014/07/en140731-15/en140731-15-7.pdf Supplemental Financial Data [PDF: 106KB] http://panasonic.co.jp/corp/news/official.data/data.dir/2014/07/en140731-15/en140731-15-8.pdf Download all [PDF: 164KB] http://panasonic.co.jp/corp/news/official.data/data.dir/2014/07/en140731-15/en140731-15-9.pdf

Related Links: Panasonic Financial Statements http://panasonic.net/ir/release/index.html Panasonic News Portal http://news.panasonic.net

Contacts
Panasonic Corporation
Media Contacts:
- Megumi Kitagawa (Japan), Public Relations Group Corporate
(Tel: +81-3-3574-5664)
- Panasonic News Bureau (Japan)
(Tel: +81-3-3542-6205)



- Jim Reilly (U.S.)
(Tel: +1-201-392-6067)
- Anne Guennewig (Europe)
(Tel: +49-611-235-457)



Investor Relations Contacts:
- Hayato Wakabayashi (Japan), Finance & IR Group
(Tel: +81-6-6908-1121)



- Yuko Iwatsu (U.S.), Panasonic Finance (America), Inc.
(Tel: +1-212-698-1360)
- Hiroko Carvell (Europe), Panasonic Finance (Europe) plc
(Tel: +44-20-3008-6887)



Permalink: http://me-newswire.net/news/11770/en

Panasonic Contributes to Singapore's Self-Sufficiency Level of Vegetables with First Indoor Vegetable Farm

Target to supply 5% of local production by FY2016, starting with commercial partnership with Ootoya Japanese Restaurant

SINGAPORE. - Friday, August 1st 2014 [ME NewsWire]

(BUSINESS WIRE)  Panasonic Factory Solutions Asia Pacific (Panasonic) announced today its pilot commercial supply of locally-harvested vegetables to Japanese restaurant, Ootoya. The premium Japanese crop varieties, mini red radish; red leafy lettuce; and mizuna (potherb mustard) are cultivated in the country’s first licensed indoor vegetable farm with controlled and optimised conditions. In land scarce Singapore where only 8% of vegetables consumed are grown in local farms*, Panasonic aims to contribute to the Agri-Food and Veterinary Authority’s (AVA) vision of raising self-sufficiency level for leafy vegetables through its technology and harvest. The company targets to increase its contribution to local production from the current 0.015% to 5% by FY2016, fiscal year ending March 2017.

*Source: http://www.ava.gov.sg/Singapore+Food+Supply.htm

Hideki Baba, Managing Director, Panasonic Factory Solutions Asia Pacific, said, “Combining Panasonic’s technological and manufacturing expertise, these premium Japanese crops are grown in optimum conditions, where temperature, humidity and CO2 levels are monitored and controlled, ensuring stable, high-quality production throughout the year. The soil-based cultivation is pesticide-free and complies with AVA’s stringent food safety standards. Our indoor vegetable farm is also HACCP certified. With over 90% of the food consumed in Singapore being imported, Panasonic hopes the indoor vegetable farm can contribute to the nation’s food self-sufficiency levels and at the same time provide a better life and a better world through improved food quality.”

[Video] Panasonic Factory Solution Asia Pacific's First Indoor Vegetable Farm in Singapore https://www.youtube.com/watch?v=p-KJJWXmo6g

The 248m2 indoor agriculture facility currently produces 10 types of vegetables – green and red leafy lettuce, mizuna (potherb mustard), mini red and white radish, rocket lettuce, basil, ooba (mint herb), mitsuba (wild parsley) and baby spinach. Both leafy and root vegetables are cultivated in the controlled soil-based environment with LED lighting. At present, total production capacity is at 3.6 tonnes annually. Through this local indoor cultivation, customers can potentially gain significant savings compared to purchasing similar premium Japanese produce that are imported.

The company is strengthening its research and development efforts to accelerate harvest such as increasing shelf capacity (vertical farming), shortening cultivation lead time from 35 days to 28 days, improving area productivity and expanding crop variety. By FY2016, Panasonic is looking to grow more than 30 crop varieties.

Panasonic will assess market demand for commercial expansion to restaurants and supermarkets within this fiscal year. Currently, it supplies on average, 0.3 tonnes of vegetables to all three Ootoya outlets in the country per month – Changi City Point, Clementi Mall and Orchard Central. The company aims to double this amount in the next two years and supply wider varieties of premium Japanese crops that are not cultivated locally to Ootoya restaurants.

Hisami Mitsumori, Chairman, Ootoya Holdings, commented, “Ootoya prides ourselves in offering authentic and healthy home-cooked Japanese food to our customers. Being a restaurant, food safety and quality are top priority, especially in overseas markets where we do not have our own agriculture facility to grow crops like we do in Japan. The commercial partnership with Panasonic is a natural fit as the facility adopts an eco, sustainable and cost-efficient method of farming. We are also able to get fresh, crunchy and pesticide-free Japanese produce, allowing customers to enjoy healthy and delicious meals.”

Vegetables are delivered fresh from Panasonic’s indoor agriculture farm to Ootoya restaurants daily, ensuring that quality of harvest is maintained.

As one of the leading factory automation solutions providers, Panasonic Factory Solutions Asia Pacific is committed to design and develop indoor agriculture solutions to meet market demand for stable and sustainable production of locally-harvested premium crops.

Photo Album: https://plus.google.com/photos/102894371789579256396/albums/6041893809397045841

About Panasonic Factory Solutions Asia Pacific

Panasonic Factory Solutions Asia Pacific (PFSAP), a registered business of Panasonic Asia Pacific Pte. Ltd., delivers innovative solutions that add significant value to customers’ production and process, aimed at enhancing output. In October 2013, the facility established its indoor agriculture farm, which currently produces premium Japanese vegetables for local consumption. The crops are grown in controlled soil-based environment with optimized cultivation conditions.

About Ootoya Asia Pacific

Ootoya Asia Pacific, a subsidiary of Ootoya Holdings Co. Ltd., prides itself in offering authentic, healthy and superior quality home-cooked Japanese food to its customers at a reasonable price. Ootoya Asia Pacific has presence in Taiwan, Hong Kong, Indonesia, Singapore and China.

Related Links

[Video] Panasonic Factory Solution Asia Pacific's First Indoor Vegetable Farm in Singapore https://www.youtube.com/watch?v=p-KJJWXmo6g

Photo Album: https://plus.google.com/photos/102894371789579256396/albums/6041893809397045841

Panasonic Factory Solutions Asia Pacific http://www.pfsap.panasonic.com.sg/

Panasonic Asia Pacific http://www.panasonic.com/sg/corporate/profile.html

Panasonic News Portal http://news.panasonic.net/

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50916067&lang=en

Contacts

Ms. Viktoriya Chamata

Panasonic Asia Pacific

viktoriya.chamata@sg.panasonic.com

Tel: (+65)9770 0193



Ms. Adrienne Ser

GolinHarris

aser@golinharris.com

Tel: (+65) 8571 6855

Catalent, Inc. Announces Pricing of Its Initial Public Offering

ME NewsWire/Business Wire

SOMERSET, N.J. - Thursday, July 31st 2014

Catalent, Inc. (“Catalent”), the leading global provider of advanced delivery technologies and development solutions for drugs, biologics and consumer health products, today announced the pricing of its initial public offering of 42,500,000 shares of its common stock at $20.50 per share. The shares are expected to begin trading on the New York Stock Exchange on July 31, 2014 under the ticker symbol “CTLT,” and the offering is expected to close on August 5, 2014, subject to customary closing conditions. Catalent has granted the underwriters a 30-day option to purchase up to an additional 6,375,000 at the initial public offering price.

Catalent expects to receive net proceeds of approximately $822.7 million after deducting underwriting discounts and estimated offering expenses, and intends to use the proceeds to reduce debt.

Morgan Stanley, J.P. Morgan, BofA Merrill Lynch, Goldman, Sachs & Co., Jefferies and Deutsche Bank Securities are acting as joint bookrunning managers for the offering. Blackstone Capital Markets, Piper Jaffray, Raymond James, Wells Fargo Securities, William Blair and Evercore are acting as co-managers for the offering.

A registration statement relating to shares of the common stock of Catalent has been filed with, and declared effective by, the U.S. Securities and Exchange Commission (“SEC”). The registration statement is available on the SEC’s website at www.sec.gov under the registrant’s name.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of such shares of common stock in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of the shares of common stock will be made only by means of a prospectus, copies of which may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department., 180 Varick Street, 2nd Floor, New York, NY 10014; or from J.P. Morgan, Attention: Prospectus Department c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717 or via telephone: +1 (866) 803-9204.

Contacts

Bertner Advisors, LLC

Monique Kosse, 860-940-0352

Monique.Kosse@BertnerAdvisors.com









Permalink: http://www.me-newswire.net/news/11766/en

Toshiba e-STUDIO306LP/RD30 Reduces Paper Consumption in Governmental Office

- The Effect of Toshiba Paper Reusing System -

TOKYO - Friday, August 1st 2014 [ME NewsWire]

(BUSINESS WIRE)-- Toshiba TEC (TOKYO:6588), a global leader in printing, imaging solutions and services, introduced the world’s first eco-friendly MFP system to the governmental offices - Shiga Prefectural Office, Japan.

The ground-breaking MFP system was consciously designed to be environmentally friendly. It consists of the e-STUDIO306LP which prints the document in an erasable blue toner, and the e-STUDIO RD30 which erases the identifiable print from paper. At the same time, scan function allows documents to be scanned and archived to a designated file location, before the print is erased.

Since its launch, the e-STUDIO306LP/RD30 has been installed in several organizations endeavoring to use precious resources sustainably. Consequently it is contributing to not only reduce operation expenses, but also reduce the CO2 emissions and water consumptions in paper production. We are confident that the introduction of e-STUDIO306LP/RD30 to governmental offices, who are striving towards improving national environment, will be one of the most important activities for them to achieve the green edge.

Shiga Prefecture is home to Japan’s largest freshwater lake - Lake Biwa. Lake Biwa is not only wholly classified as a reservoir, but it is also a valuable resource for nearby regions throughout western Japan.

Shiga Prefectural Office extensively endorses environmental protection according to its action plan. It leads the role of achieving a low-carbon society, with the responsibilities relating to the protection and enhancement of the environment while maintaining economic growth. Furthermore Shiga Prefectural Office promotes the Regeneration of Lake Biwa with further studies of impacts on Lake Biwa’s eco systems.

As a green pioneer, Shiga Prefectural Office carried out series of projects to implement Energy Conservation Facilities prefecture-wide to realize several green goals. Reduction in office paper consumption is one of them. Knowing the eco boosting concept of paper reusing MFP system meeting their needs impeccably, Shiga Prefecture installed them in both offices of Global Warming Issues Division and Environmental Policy Division, under the Department of Lake Biwa and the Environment. The e-STUDIO306LP/RD30 is used to print internal documents, such as weekly meeting files or proposal drafts, and erase the prints when they are no longer required. Within the first month after installation, 5% reduction of paper usage was recognized, and when the usage of e-STUDIO306LP/RD30 increases within Shiga Prefecture office, the ratio of paper reduction may increase dramatically. Among 32 office workers, the number of users of this paper reusing MFP system is gradually and steadily increasing. Although the output of this system is still under observation, Shiga Prefectural Office has shown an interest to study the possibility to install more e-STUDIO306LP/RD30 across the office.

The e-STUDIO306LP/RD30 helps Shiga Prefectural Office in reducing operation cost by reusing paper. It proves that there are many opportunities in various industries for paper reusing MFP system to make an economical green contribution.

About Toshiba Tec

Toshiba Tec Corporation is a Toshiba’s group company, a leading provider of technology solutions, operating across multiple industries – ranging from retail, education and business services to hospitality and manufacturing. With headquarters in Japan and over 80 subsidiaries worldwide, Toshiba Tec Corporation helps organizations transform the way they create, record, share, manage and display information.

Please visit http://www.toshibatec.co.jp/en/ In the USA: http://business.toshiba.com/usa/home.html In Europe: http://toshiba-europe.com/tec In China: http://www.toshiba-tec.com.cn/default.aspx In Australia: http://www.eid.toshiba.com.au/

Unless otherwise specified and/or credited all images, artwork, text and graphics, logos and logotypes are the copyright and/or trademark of the respective owners. All rights reserved.

Contacts

Toshiba Tec Corporation

Toshihiko “Tommy” Minato, +81-(0)50-3681-5528

Marketing Department

Printing Solutions Operations

Global Solutions Business Group

Toshihiko_Minato@toshibatec.co.jp









Permalink: http://www.me-newswire.net/news/11769/en

Nordson EFD's New Optimum Clear Flex Piston Reduces Piston Bounce for More Consistent Dispensing Results

Cosmo v5 M/Chip™ Multi-Application enables use of two unaffiliated debit networks

COLOMBES, France - Wednesday, July 23rd 2014 [ME NewsWire]

(BUSINESS WIRE)-- Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space, today announced that it has developed the first debit card certified by MasterCard that meets the Durbin Amendment guidelines. These guidelines require issuers to identify two unaffiliated debit networks, for each debit or prepaid card they issue.

OT’s Cosmo RSA v5 M/Chip™ Multi-Application is developed on OT’s Global Platform compliant and java-based operating systems and is capable of supporting dynamic data authentication. It builds upon the existing products available on OT Cosmo RSA v5 platform and is specifically designed to support the combination of MasterCard debit and the U.S. debit “Maestro U.S.” Application Identifiers (AID) required to support Debit cards issued in the U.S.A. The Cosmo RSA V5 M/Chip Multi-application has been developed to minimize memory requirements, allowing optimal support of the unique routing requirements stemming from the Durbin Amendment included in the Dodd-Frank financial reform legislation.

“Being first to receive this MasterCard certification for the U.S. market is a major achievement for OT. It demonstrates OT’s ability to deliver the right products and services to our customers at the right time, leveraging our long and close relationship with MasterCard” said Martin Ferenczi, President for North America at OT.

“Thanks to our R&D and investments in North America, we are the first offering a product addressing the debit market in the US. With this new product, OT reinforces its position as an undisputed leader in the U.S. by now offering a complete range of U.S. debit compliant products, which support the EMV debit migration ramp-up in 2014” said Eric Duforest, Payment Business Unit Managing Director at OT.

OT manufactures all its EMV cards in the United States at its ISO 9001 certified manufacturing facility in southeast Pennsylvania. OT has integrated support for the Cosmo RSA v5 M/Chip™ Multi-Application into its proprietary Common Personalization System (CPS), a single, global personalization engine which has been developed over the past ten years incorporating worldwide EMV best practices and deployed across Oberthur Technologies’ network of 40 personalization service centers. CPS has been personalizing EMV cards since 2010 in OT’s bi-coastal personalization service centers located in Northern Virginia and Southern California.

Cosmo RSA v5 is available for immediate deployment.

ABOUT OBERTHUR TECHNOLOGIES

OT is a world leader in digital security solutions for the mobility space. OT has always been at the heart of mobility, from the first smart cards to the latest contactless payment technologies which equip millions of smartphones. Present in the Payment, Telecommunications and Identity markets, OT offers end-to-end solutions in the Smart Transactions, Mobile Financial Services, Machine-to-Machine, Digital Identity and Transport & Access Control fields. OT employs over 6 000 employees worldwide, including 600 R&D people. With more than 50 sales offices across 5 continents and 10 facilities, OT’s international network serves clients in 140 countries. For more information: www.oberthur.com

Download The M World, All you need to know about the latest trends of the Mobility world, available on AppStore and Google Play

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Contacts

MEDIA CONTACTS

Oberthur Technologies

Audrey Besnardeau, Tel.: +33 1 78 14 76 75

a.besnardeau@oberthur.com



FTI Consulting Strategic Communication

Guillaume Granier/Eric Fohlen-Weill, Tel.: +33 1 47 03 68 10

oberthur@fticonsulting.com







Permalink: http://www.me-newswire.net/news/11686/en

GSMA Announces First Speakers for Mobile 360 Series-North America

AT&T Joins as Platinum Sponsor for Inaugural Event; Third Annual Global GSMA Connected Women Conference to Be Held in Conjunction with Mobile 360-North America

LONDON. - Wednesday, July 30th 2014 [ME NewsWire]

Mobile 360-North America

(BUSINESS WIRE) The GSMA today announced the first keynote speakers for the Mobile 360 Series-North America conference, including leaders from organisations such as AirWatch by VMware, AT&T, the FCC, Jasper Wireless, Syniverse and ZTE. Mobile 360-North America will take place 22-23 September at the W Atlanta – Midtown in Atlanta and will be co-located with Mobility LIVE! 2014. The GSMA also announced AT&T as the Platinum sponsor for the conference.

“Mobile 360-North America will examine the foundations for growth and innovation in the mobile industry and specifically look at topics such as digital commerce and connected living through sessions focusing on mobile broadband, smart cities and consumer behaviour,” said Michael O’Hara, Chief Marketing Officer, GSMA. “North America is home to many mobile-centric companies and we are looking forward to celebrating this dynamic and diverse market through a great leadership agenda supported by C-level speakers from across the growing mobile ecosystem.”

At Mobile 360-North America, CEOs and senior executives from leading mobile companies will address the most pressing trends and issues in mobile through a series of visionary keynote presentations, thought-provoking interviews and interactive panel sessions. The opening keynote, “State of the Industry: Growth Strategies in a Forward Focused Market”, will offer a strategic perspective on the challenges and opportunities facing the mobile industry today. There will be additional keynotes delving into subjects such as “LTE: Creating New Opportunities for Innovation”, “Connected Living – Connecting Opportunities” and “Creating the Smart City”.

Keynote speakers confirmed to present at Mobile 360-North America include:

    Alan Dabbiere, Chairman and Founder, AirWatch by VMware
    Ralph de la Vega, President and CEO of AT&T Mobility
    Jessica Rosenworcel, Commissioner, FCC
    Anne Bouverot, Director General, GSMA
    Jahangir Mohammed, Founder and CEO, Jasper Wireless
    Mary Clark, CMO, Syniverse
    Lixin Cheng, CEO, ZTE USA

In addition to the keynote programme, the conference will include focused sessions on topics including the latest trends and innovations in mobile retail; the mobile wallet landscape; the role of mobile in industry sectors such as automotive, education and healthcare; and creating and sustaining the smart city. The programme will feature a session on the future of innovation, in which mobile entrepreneurs will have the opportunity to pitch their ideas to a panel of investors and the Mobile 360-North America audience. The full conference agenda is available at www.mobile360series.com/north-america/agenda.

Mobile 360-North America Registration Now Open

Registration for Mobile 360-North America is now open; individuals wishing to attend should visit www.mobile360series.com/north-america/#registration. For more information on Mobile 360-North America, including sponsorship opportunities, visit www.mobile360series.com/north-america. Follow developments and updates on Mobile 360-North America (#mobile360) on Twitter @GSMA and on Facebook www.facebook.com/Mobile360Series.

Third Annual Global GSMA Connected Women Conference

In unison with Mobile 360-North America, the GSMA will also hold its Connected Women Annual Global Conference, “Accelerating the Rise of the Female Mobile Economy”, on Tuesday 23 September at the Historic Academy of Medicine in Atlanta. This one-day conference will bring together experts from across the mobile ecosystem and other industries to explore how the mobile industry can accelerate the growth of the female digital economy, extending the significant socio-economic opportunities and benefits delivered through mobile to women globally. To register, please visit www.gsma.com/events/connected-women/accelerating-the-rise-of-the-female-economy.

-ENDS-

About the GSMA

The GSMA represents the interests of mobile operators worldwide. Spanning more than 220 countries, the GSMA unites nearly 800 of the world’s mobile operators with 250 companies in the broader mobile ecosystem, including handset and device makers, software companies, equipment providers and Internet companies, as well as organisations in industry sectors such as financial services, healthcare, media, transport and utilities. The GSMA also produces industry-leading events such as Mobile World Congress and Mobile Asia Expo.

For more information, please visit the GSMA corporate website at www.gsma.com. Follow the GSMA on Twitter: @GSMA.

Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140730005028/en/

Contacts

Media Contacts:

For the GSMA

Charlie Meredith-Hardy

+44 7917 298428

CMeredith-Hardy@webershandwick.com



Kate Hudson

+1 206 576 5588

khudson2@webershandwick.com



GSMA 360 Press Office

mobile360pressoffice@gsma.com





Permalink: http://me-newswire.net/news/11756/en

Lapolla Industries is the First to Incorporate Honeywell's Solstice® Liquid Blowing Agent for Wall Spray Foam in the U.S.

Installation at Purdue University Demonstrates Lapolla's Expansion of Environmentally Advantaged Offerings with Solstice LBA

HOUSTON. - Thursday, July 31st 2014 [ME NewsWire]

(BUSINESS WIRE) Lapolla Industries, Inc. ("Lapolla") (OTCQB: LPAD), a Houston-based global supplier and manufacturer of spray polyurethane foam insulation, reflective roof coatings, and equipment designed to reduce energy consumption in the residential, industrial and commercial markets, announced today that it is the first company globally to develop the technology and commercially release Honeywell's new Solstice® Liquid Blowing Agent (LBA) in spray foam insulation wall system in the USA.

Solstice LBA allows Lapolla closed-cell spray foam insulation to expand and contribute to the foam's superior insulating properties. Solstice LBA is a next-generation blowing agent from Honeywell that not only improves foam performance, but also delivers environmental benefits including enhanced energy efficiency. Solstice LBA has an ultra-low global warming potential of 1, which is 99.9 percent lower than today's most commonly-used blowing agent, HFC-245fa, a hydrofluorocarbon, while retaining its insulating performance. Solstice LBA is nonflammable, has received EPA approval under the Significant New Alternatives Policy (SNAP) Program and is not a volatile organic compound.

"At Lapolla, we are environmentally conscious and incorporate green alternatives into our offerings," said Doug Kramer, President and Chief Executive Officer of Lapolla Industries. "We are pleased to be the first in the world to incorporate Solstice Liquid Blowing Agent into our spray foam for walls, and we are confident that our foam, which has always been cutting edge, is fully credentialed and now one step above the rest of our peers. The product will soon be available globally."

The next high profile installation of Lapolla's leading edge wall system formulated with Solstice LBA will take place at Purdue University in West Lafayette, Indiana. Lapolla will use its FOAM-LOK spray foam blown with Solstice LBA to retrofit an off-campus 1920's vintage home that researchers are transforming into a net-zero energy, water and waste structure and live-in laboratory. It marks the first time Solstice LBA will be employed in a wall system of a university in the United States. Researchers from Purdue University and Whirlpool Corporation will be monitoring the home's energy usage after the spray foam wall installation to demonstrate its efficiency.

Lapolla's foam products include spray foam insulation for residential and commercial perimeter walls, crawl spaces and attic space applications. The Company also supplies spray foam and elastomeric coatings for low slope residential and commercial roofing. Lapolla supplies polyurethane as an adhesive for board stock insulation to roofing substrates for commercial and industrial applications as well as sundry items.

"Solstice LBA provides builders and contractors with significant performance and environmental benefits in closed-cell spray foam wall and roof systems at costs that are competitive with other blowing agents," said Laura Reinhard, Honeywell's global business manager for spray foam. "Our collaboration with Lapolla allows us to provide wall-to-wall benefits for commercial and residential architects, builders and renovators. Lapolla's best in class spray foam coupled with their national and international reach makes them an ideal partner to launch Solstice LBA for use in foam wall systems."

About Lapolla Industries, Inc.

Lapolla Industries, Inc. is a global supplier, and manufacturer of spray polyurethane foam insulation, reflective roof coatings, and equipment designed to reduce energy consumption in the residential, industrial and commercial markets, for both new construction and retrofit applications. More information is available at www.lapolla.com.

About Honeywell

Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.

Forward Looking Statements

Statements made in this press release that are not historical facts constitute "forward-looking statements" pursuant to Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and Private Securities Litigation Reform Act of 1995. Any such forward-looking statements should be considered in context with various disclosures made by the Company about its business. All information herein is as of the date hereof. The Company undertakes no duty to update any forward-looking statement.

Contacts

Lapolla Industries, Inc.

Corporate Contacts:

Douglas J. Kramer, CEO

Harvey L. Schnitzer, COO

Michael T. Adams, CGO

Charles A. Zajaczkowski, CFO

281-219-4700

info@lapolla.com









Permalink: http://www.me-newswire.net/news/11761/en