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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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As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
"IoT is going to be a huge industry with a lot of value for end users, for industries, for consumers, for manufacturers. How can we use cloud to effectively manage IoT applications," stated Ian Khan, Innovation & Marketing Manager at Solgeniakhela, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to impr...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band-aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It does...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...