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American DG Energy Reports Third Quarter 2012 Financial Performance

Current backlog increases to 39 energy systems compared to 8 systems a year ago

WALTHAM, Mass., Nov. 14, 2012 /PRNewswire/ -- American DG Energy Inc. (NYSE MKT: ADGE), a leading On-Site Utility, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and athletic facilities, reported energy revenues of $1,337,831 in the third quarter of 2012, compared to $1,389,159 in the third quarter of 2011.

Total revenues were $1,400,255 in the third quarter of 2012, compared to $1,418,411 in the third quarter of 2011. GAAP diluted loss per share (EPS) was $(0.03) in the third quarter of 2012, compared to $(0.02) in the third quarter of 2011, and GAAP operating loss including EuroSite Power Inc. was $(900,282) in the third quarter of 2012, compared to operating loss of $(1,132,620) in the third quarter of 2011.

Major Highlights:

Operations

  • We operated 90 energy systems compared to 79 in the third quarter of 2011.
  • Our current backlog consists of 39 energy systems compared to 8 in the third quarter of 2011.
  • We reached agreements with the following properties:
    • Luna Park Housing Corporation in Brooklyn, New York – to provide five 100 kW Combined Heat and Power (CHP) systems and five hot water heaters for their domestic hot water.
    • Cumberland County Jail, Portland, Maine – to provide two 75 kW CHP systems and produce space heat, hot water and electricity within the County Jail complex.
    • Doral Arrowwood Hotel Conference Center, Rye Brook, New York – to provide two 450-ton chillers for their central plant cooling systems.
    • Wentworth Club, Surrey, United Kingdom – to provide two 100 kW CHP systems at the Tennis & Health Club and at the main Clubhouse.
    • Best Western, Cedar Court Hotel, Harrogate, United Kindgom – to provide a 100 kW CHP system to produce electricity, heating and domestic hot water; Cedar Court Grand Hotel & Spa, York, United Kingdom – to provide a 100 kW CHP system to produce electricity, heating and domestic hot water. 
    • Roko Health Clubs, in Chiswick, Gillingham, Nottingham and Portsmouth, United Kingdom – to provide four 100 kW CHP systems to produce electricity, heating and domestic hot water. 
  • We began operations at the following properties:
    • DoubleTree Hotel, Tarrytown, New York – started operating a 100 kW CHP system to supply electricity, space heat and domestic hot water.
    • Metro YMCA, Wayne, New Jersey – started operating 450-ton chillers to supply cooling.
    • Hilton Hotel, Liverpool, United Kingdom – started operating a 225 kW system to produce energy in the form of electricity, space heat and domestic hot water.
    • The Hampton by Hilton, Luton, United Kingdom – started operating a CHP system to supply clean energy.

Financial

  • Our total energy production increased to 17,271,478 kWh, or 5.9%, compared to 16,306,945 kWh in the third quarter of 2011.
  • Utility rates for natural gas decreased over 20% during the third quarter of 2012 compared to the same period in 2011, resulting in a 3.7% energy revenue decrease.
  • Energy gross profit margin without depreciation was 47.6% compared to 47.8% in the third quarter of 2011.
  • EBITDA cash outflows for American DG Energy were $105,068 and for EuroSite Power were $260,677 during the third quarter of 2012. Our consolidated EBITDA cash outflow was $365,745 primarily due to expenses at EuroSite Power and the expansion of sales and marketing activity at American DG Energy.
  • We have received a total of $542,701 in rebates and incentives in 2012.
  • The total revenue value of our current On-Site Utility energy agreements is approximately $255 million.
  • We finished the quarter with approximately $15.8 million in cash.

American DG Energy will hold its earnings conference call today, November 14, 2012 at 10:00 a.m. Eastern Time. To listen, call (800) 860-2442 within the U.S, (866) 605-3852 from Canada or (412) 858-4600 from other international locations. Participants should reference American DG Energy to access the call. Please begin dialing at least 10 minutes before the scheduled starting time. The earnings press release will be available on our web site at www.americandg.com in the "Investors" section under "News Releases."

The earnings conference call will be recorded and available for playback one hour after the end of the call through Friday, December 14, 2012 at 9:00 a.m. Eastern Time. To listen to the playback, call (877) 344-7529 within the U.S. or (412) 317-0088 outside the U.S. and use Conference Number 10020269.

The earnings conference call will be webcast live. To register for and listen to the webcast, go to www.americandg.com/webcast. Following the call, the webcast will be archived for 30 days.

About American DG Energy
American DG Energy supplies low-cost energy to its customers through distributed power generating systems. We are committed to providing institutional, commercial and small industrial facilities with clean, reliable power, cooling, heat and hot water at lower costs than charged by local utilities – without any capital or start-up costs to the energy user – through our On-Site Utility energy solutions. American DG Energy is headquartered in Waltham, Massachusetts. More information can be found at www.americandg.com.

FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Important factors could cause actual results to differ materially from those indicated by such forward-looking statements, as disclosed on the Company's website and in Securities and Exchange Commission filings. This press release does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes. The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

 

CONSOLIDATED STATEMENT OF OPERATIONS
For the Three Months Ended September 30, 2012 and September 30, 2011

 


Three Months Ended


September 30, 2012


September 30, 2011


(unaudited)


(unaudited)

Revenues




Energy revenues

$

1,337,831



$

1,389,159


Turnkey & other revenues

62,424



29,252



1,400,255



1,418,411


Cost of sales




Fuel, maintenance and installation

733,727



716,806


Depreciation expense

301,813



318,903



1,035,540



1,035,709


Gross profit

364,715



382,702


Operating expenses




General and administrative

481,707



593,558


Selling

512,885



699,898


Engineering

270,405



221,866



1,264,997



1,515,322


Loss from operations

(900,282)



(1,132,620)


Other income (expense), net




Interest and other income

17,547



11,433


Interest expense

(293,556)



(142,772)


Change in fair value of warrant liability

(82,293)



125,668



(358,302)



(5,671)


Loss before provision for state income taxes

(1,258,584)



(1,138,291)


Benefit (provision) for state income taxes

(9,440)



41


Consolidated net loss

(1,268,024)



(1,138,250)


Loss attributable to the noncontrolling interest

8,534



28,734


Net loss attributable to American DG Energy Inc.

$

(1,259,490)



$

(1,109,516)






Net loss per share - basic and diluted

$

(0.03)



$

(0.02)


Weighted average shares outstanding - basic and diluted

47,653,786



45,834,904






Non-GAAP financial disclosure




Loss from operations

$

(900,282)



$

(1,132,620)


Depreciation expense

317,986



332,368


Stock based compensation

216,551



186,960


Adjusted EBITDA

(365,745)



(613,292)


Grants from rebates and incentives




Total EBITDA cash (outflows) inflows

$

(365,745)



$

(613,292)


 

CONSOLIDATED STATEMENT OF OPERATIONS
For the Nine Months Ended September 30, 2012 and September 30, 2011

 


Nine Months Ended


September 30, 2012


September 30, 2011


(unaudited)


(unaudited)

Revenues




Energy revenues

$

3,925,665



$

4,270,336


Turnkey & other revenues

169,949



283,256



4,095,614



4,553,592


Cost of sales




Fuel, maintenance and installation

2,431,285



2,799,733


Depreciation expense

1,131,397



921,931



3,562,682



3,721,664


Gross profit

532,932



831,928


Operating expenses




General and administrative

1,927,030



1,618,181


Selling

1,557,220



933,848


Engineering

850,482



536,132



4,334,732



3,088,161


Loss from operations

(3,801,800)



(2,256,233)


Other income (expense)




Interest and other income

43,987



31,414


Interest expense

(1,034,589)



(246,376)


Change in fair value of warrant liability

(343,629)



509,663



(1,334,231)



294,701


Loss before provision for state income taxes

(5,136,031)



(1,961,532)


Provision for state income taxes

(21,402)



(17,071)


Consolidated net loss

(5,157,433)



(1,978,603)


(Income) loss attributable to the noncontrolling interest

79,285



(34,808)


Net loss attributable to American DG Energy Inc.

$

(5,078,148)



$

(2,013,411)






Net loss per share - basic and diluted

$

(0.11)



$

(0.04)


Weighted average shares outstanding - basic and diluted

46,716,914



45,647,265






Non-GAAP financial disclosure




Loss from operations

$

(3,801,800)



$

(2,256,233)


Depreciation expense

1,175,210



954,751


Stock based compensation

596,408



479,205


Adjusted EBITDA

(2,030,182)



(822,277)


Grants from rebates and incentives

260,701



327,138


Total EBITDA cash (outflows) inflows

$

(1,769,481)



$

(495,139)


 

CONSOLIDATING STATEMENT OF OPERATIONS
For the Three Months Ended September 30, 2012
(unaudited)

 


Three Months Ended September 30, 2012


American DG

Energy*


EuroSite

Power


Eliminations


Total

Revenues








Energy revenues

$

1,332,237



$

5,594





$

1,337,831


Turnkey & other revenues

44,026



18,398





62,424



1,376,263



23,992





1,400,255


Cost of sales








Fuel, maintenance and

installation

715,638



18,089





733,727


Depreciation expense

301,813







301,813



1,017,451



18,089





1,035,540


Gross profit

358,812



5,903





364,715


Operating expenses








General and administrative

278,163



203,544





481,707


Selling

345,716



167,169





512,885


Engineering

248,965



21,440





270,405



872,844



392,153





1,264,997


Loss from operations

(514,032)



(386,250)





(900,282)


Other income (expense), net








Interest and other income

14,550



2,997





17,547


Interest expense (non-cash)

(293,556)







(293,556)


Change in fair value of warrant

liability (non-cash)

(82,293)







(82,293)



(361,299)



2,997





(358,302)


Loss before provision for state income taxes

(875,331)



(383,253)





(1,258,584)


Provision for state income taxes

(9,440)







(9,440)


Consolidated net loss

(884,771)



(383,253)





(1,268,024)


(Income) loss attributable to the noncontrolling interest

(57,469)





66,003



8,534


Net loss attributable to American DG Energy Inc.

$

(942,240)



$

(383,253)



$

66,003



$

(1,259,490)










Net loss per share - basic and diluted

$

(0.02)







$

(0.03)


Weighted average shares outstanding - basic and diluted

47,653,786







47,653,786










Non-GAAP financial disclosure








Loss from operations

$

(514,032)



$

(386,250)





$

(900,282)


Depreciation expense

314,435



3,551





317,986


Stock based compensation

94,529



122,022





216,551


Adjusted EBITDA

(105,068)



(260,677)





(365,745)


Grants from rebates and

incentives








Total EBITDA cash outflows

$

(105,068)



$

(260,677)





$

(365,745)


















*American DG Energy includes related LLC.

 

CONSOLIDATING STATEMENT OF OPERATIONS
For the Three Months Ended September 30, 2011
(unaudited)

 


Three Months Ended September 30, 2011


American DG

Energy*


EuroSite

Power


Eliminations


Total

Revenues








Energy revenues

$

1,389,159



$



$



$

1,389,159


Turnkey & other revenues

29,252







29,252



1,418,411







1,418,411


Cost of sales








Fuel, maintenance and

installation

716,806







716,806


Depreciation expense

318,903







318,903



1,035,709







1,035,709


Gross profit

382,702







382,702


Operating expenses








General and administrative

387,347



206,211





593,558


Selling

374,259



325,639





699,898


Engineering

221,866







221,866



983,472



531,850





1,515,322


Loss from operations

(600,770)



(531,850)





(1,132,620)


Other income (expense), net








Interest and other income

11,433







11,433


Interest expense (non-cash)

(142,772)







(142,772)


Change in fair value of warrant

liability (non-cash)

125,668







125,668



(5,671)







(5,671)


Loss before provision for state income taxes

(606,441)



(531,850)





(1,138,291)


Benefit for state income taxes

41







41


Consolidated net loss

(606,400)



(531,850)





(1,138,250)


(Income) loss attributable to the noncontrolling interest

(55,857)





84,591



28,734


Net loss attributable to American DG Energy Inc.

$

(662,257)



$

(531,850)



$

84,591



$

(1,109,516)










Net loss per share - basic and diluted

$

(0.01)







$

(0.02)


Weighted average shares outstanding - basic and diluted

45,834,904







$

45,834,904










Non-GAAP financial disclosure








Loss from operations

$

(600,770)



$

(531,850)





$

(1,132,620)


Depreciation expense

332,368







332,368


Stock based compensation

65,060



121,900





186,960


Adjusted EBITDA

(203,342)



(409,950)





(613,292)


Grants from rebates and

incentives








Total EBITDA cash outflows

$

(203,342)



$

(409,950)





$

(613,292)


 

*American DG Energy includes related LLC.

 

CONSOLIDATING STATEMENT OF OPERATIONS
For the Nine Months Ended September 30, 2012
(unaudited)

 


Nine Months Ended September 30, 2012


American DG

Energy*


EuroSite

Power


Eliminations


Total

Revenues








Energy revenues

$

3,920,071



$

5,594



$



$

3,925,665


Turnkey & other revenues

123,957



45,992





169,949



4,044,028



51,586





4,095,614


Cost of sales








Fuel, maintenance and

installation

2,393,092



38,193





2,431,285


Depreciation expense

1,131,397







1,131,397



3,524,489



38,193





3,562,682


Gross profit

519,539



13,393





532,932


Operating expenses








General and administrative

1,147,679



779,351





1,927,030


Selling

1,095,056



462,164





1,557,220


Engineering

795,050



55,432





850,482



3,037,785



1,296,947





4,334,732


Loss from operations

(2,518,246)



(1,283,554)





(3,801,800)


Other income (expense), net








Interest and other income

31,849



12,138





43,987


Interest expense (non-cash)

(1,034,589)







(1,034,589)


Change in fair value of warrant

liability (non-cash)

(343,629)







(343,629)



(1,346,369)



12,138





(1,334,231)


Loss before provision for state income taxes

(3,864,615)



(1,271,416)





(5,136,031)


Provision for state income taxes

(21,402)







(21,402)


Consolidated net loss

(3,886,017)



(1,271,416)





(5,157,433)


(Income) loss attributable to the noncontrolling interest

(139,675)





218,960



79,285


Net loss attributable to American DG Energy Inc.

$

(4,025,692)



$

(1,271,416)



$

218,960



$

(5,078,148)










Net loss per share - basic and diluted

$

(0.09)







$

(0.11)


Weighted average shares outstanding - basic and diluted

46,716,914







46,716,914










Non-GAAP financial disclosure








Loss from operations

$

(2,518,246)



$

(1,283,554)



$



$

(3,801,800)


Depreciation expense

1,170,949



4,261





1,175,210


Stock based compensation

222,394



374,014





596,408


Adjusted EBITDA

(1,124,903)



(905,279)





(2,030,182)


Grants from rebates and

incentives

260,701







260,701


Total EBITDA cash outflows

$

(864,202)



$

(905,279)



$



$

(1,769,481)


 

*American DG Energy includes related LLC.

 

CONSOLIDATING STATEMENT OF OPERATIONS
For the Nine Months Ended September 30, 2011
(unaudited)

 


Nine Months Ended September 30, 2011


American DG

Energy*


EuroSite

Power


Eliminations


Total

Revenues








Energy revenues

$

4,270,336



$



$



$

4,270,336


Turnkey & other revenues

283,256







283,256



4,553,592







4,553,592


Cost of sales








Fuel, maintenance and

installation

2,799,733







2,799,733


Depreciation expense

921,931







921,931



3,721,664







3,721,664


Gross profit

831,928







831,928


Operating expenses








General and administrative

1,091,854



526,327





1,618,181


Selling

608,209



325,639





933,848


Engineering

536,132







536,132



2,236,195



851,966





3,088,161


Loss from operations

(1,404,267)



(851,966)





(2,256,233)


Other income (expense), net








Interest and other income

31,414







31,414


Interest expense (non-cash)

(246,376)







(246,376)


Change in fair value of warrant

liability (non-cash)

509,663







509,663



294,701







294,701


Loss before provision for state income taxes

(1,109,566)



(851,966)





(1,961,532)


Provision for state income taxes

(17,071)







(17,071)


Consolidated net loss

(1,126,637)



(851,966)





(1,978,603)


(Income) loss attributable to the noncontrolling interest

(175,164)





140,356



(34,808)


Net loss attributable to American DG Energy Inc.

$

(1,301,801)



$

(851,966)



$

140,356



$

(2,013,411)










Net loss per share - basic and diluted

$

(0.03)







$

(0.04)


Weighted average shares outstanding - basic and diluted

45,647,265







45,647,265










Non-GAAP financial disclosure








Loss from operations

$

(1,404,267)



$

(851,966)



$



$

(2,256,233)


Depreciation expense

954,751







954,751


Stock based compensation

157,254



321,951





479,205


Adjusted EBITDA

(292,262)



(530,015)





(822,277)


Grants from rebates and

incentives

327,138







327,138


Total EBITDA cash outflows

$

34,876



$

(530,015)



$



$

(495,139)


 

*American DG Energy includes related LLC.

 

CONSOLIDATED BALANCE SHEETS
As of September 30, 2012 and December 31, 2011 (unaudited)

 


September 30, 2012


December 31, 2011

ASSETS




Current assets:




Cash and cash equivalents

$

15,750,942



$

17,801,025


Accounts receivable, net

911,581



879,630


Unbilled revenue

14,379



18,825


Due from related party

164,578



21,140


Inventory

1,255,161



634,120


Prepaid and other current assets

383,342



322,276


Total current assets

18,479,983



19,677,016


Property, plant and equipment, net

16,451,474



14,690,117


Accounts receivable, long-term

66,464



82,664


Other assets, long-term

49,771



53,504


TOTAL ASSETS

$

35,047,692



$

34,503,301


LIABILITIES AND STOCKHOLDERS' EQUITY




Current liabilities:




Accounts payable

$

1,390,796



$

520,608


Accrued expenses and other current liabilities

839,228



589,032


Due to related party

529,464



313,847


Capital lease obligations

3,365



3,365


Total current liabilities

2,762,853



1,426,852


Long-term liabilities:




Convertible debentures

19,400,000



19,400,000


Warrant liability

593,190



249,561


Capital lease obligations, long-term

841



3,365


Other long-term liabilities

32,846



43,052


Total liabilities

22,789,730



21,122,830


Stockholders' equity:




American DG Energy Inc. stockholders' equity:




Common stock, $0.001 par value; 100,000,000 shares

 authorized; 48,168,460 and 46,001,404 issued and

 outstanding at September 30, 2012 and December 31,

 2011, respectively

48,168



46,001


Additional paid-in capital

34,580,997



30,399,370


Accumulated deficit

(23,009,206)



(17,931,058)


Total American DG Energy Inc. stockholders' equity

11,619,959



12,514,313


Noncontrolling interest

638,003



866,158


Total stockholders' equity

12,257,962



13,380,471


TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$

35,047,692



$

34,503,301


  

CONSOLIDATED STATEMENT OF CASH FLOWS
For the Nine Months Ended September 30, 2012 and September 30, 2011

 


Nine Months Ended


September 30, 2012


September 30, 2011


(unaudited)


(unaudited)

CASH FLOWS FROM OPERATING ACTIVITIES:




Net loss

$

(5,078,148)



$

(2,013,411)


Income (loss) attributable to noncontrolling interest

(79,285)



34,808


Adjustments to reconcile net loss to net cash used in operating activities:




Depreciation and amortization

1,175,210



954,751


Provision for losses on accounts receivable

89,649



22,568


Amortization of deferred financing costs

3,733



2,256


Increase (decrease) in fair value of warrant liability

343,629



(509,663)


Noncash interest expense

712,921




Stock-based compensation

596,408



479,205


Changes in operating assets and liabilities




(Increase) decrease in:




Restricted cash



65,790


Accounts receivable and unbilled revenue

(100,954)



(546,238)


Due from related party

(143,438)



(25,128)


Inventory

(621,041)



(29,605)


Prepaid and other current assets

(61,066)



(130,283)


Increase (decrease) in:




Accounts payable

870,188



3,994


Accrued expenses and other current liabilities

250,196



146,704


Due to related party

215,617



(35,702)


Other long-term liabilities

(10,206)



46,454


Net cash used in operating activities

(1,836,587)



(1,533,500)


CASH FLOWS FROM INVESTING ACTIVITIES:




Purchases of property and equipment

(2,936,567)



(1,249,637)


Net cash used in investing activities

(2,936,567)



(1,249,637)


CASH FLOWS FROM FINANCING ACTIVITIES:




Proceeds from issuance of convertible debentures



10,100,000


Proceeds from sale of common stock, net of costs

3,531,534




Proceeds from sale of subsidiary common stock, net of

costs



1,148,401


Proceeds from exercise of stock options

149,882



26,798


Proceeds from issuance of common stock warrants

7,500




Convertible debenture transaction costs



(47,423)


Purchases of common stock, net of costs

(750,000)




Principal payments on capital lease obligations

(2,524)



(2,524)


Cancellation of restricted stock

(40)



(20)


Distributions to noncontrolling interest

(213,281)



(251,964)


Net cash provided by financing activities

2,723,071



10,973,268


Net (decrease) increase in cash and cash equivalents

(2,050,083)



8,190,131


Cash and cash equivalents, beginning of the period

17,801,025



3,921,054


Cash and cash equivalents, end of the period

$

15,750,942



$

12,111,185


 

 

SOURCE American DG Energy Inc.

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"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, and physical persons. In the IoT vision, every new "thing" - sensor, actuator, data source, data con...
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo – to be held June 9-11, 2015, at the Javits Center in New York City, NY – is now accepting Hackathon proposals. Hackathon sponsorship benefits include general brand exposure and increasing engagement with the developer ecosystem. At Cloud Expo 2014 Silicon Valley, IBM held the Bluemix Developer Playground on November 5 and ElasticBox held the DevOps Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of...
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) i...
There's Big Data, then there's really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big Data and deployments are processing massive data volumes from wearables, utilities and other machines...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrategies, will examine why IT must finally fulfill its role in support of its SBUs or face a new round of...
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from hardware to software, or as we like to say, it’s an Internet of many different things. The difference ...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the industry’s first all flash version of HyperConverged Appliances that include both compute and storag...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect at Hookflash, will walk through the shifting landscape of traditional telephone and voice services ...