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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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A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
We are given a desktop platform with Java 8 or Java 9 installed and seek to find a way to deploy high-performance Java applications that use Java 3D and/or Jogl without having to run an installer. We are subject to the constraint that the applications be signed and deployed so that they can be run in a trusted environment (i.e., outside of the sandbox). Further, we seek to do this in a way that does not depend on bundling a JRE with our applications, as this makes downloads and installations rat...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
Digital Transformation (DX) is not a "one-size-fits all" strategy. Each organization needs to develop its own unique, long-term DX plan. It must do so by realizing that we now live in a data-driven age, and that technologies such as Cloud Computing, Big Data, the IoT, Cognitive Computing, and Blockchain are only tools. In her general session at 21st Cloud Expo, Rebecca Wanta explained how the strategy must focus on DX and include a commitment from top management to create great IT jobs, monitor ...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
The IoT Will Grow: In what might be the most obvious prediction of the decade, the IoT will continue to expand next year, with more and more devices coming online every single day. What isn’t so obvious about this prediction: where that growth will occur. The retail, healthcare, and industrial/supply chain industries will likely see the greatest growth. Forrester Research has predicted the IoT will become “the backbone” of customer value as it continues to grow. It is no surprise that retail is ...