Welcome!

Web 2.0 Authors: Liz McMillan, Elizabeth White, Pat Romanski, Natalie Lerner, Dana Gardner

News Feed Item

Metso Corporation launches consent solicitation from holders of certain notes issued under its EMTN Programme

HELSINKI, FINLAND -- (Marketwired) -- 05/31/13 -- Metso Corporation's stock exchange release on May 31, 2013 at 10:15 a.m. local time

Metso Corporation announces the launch of a consent solicitation process to solicit consents and waivers from the holders of the outstanding notes of certain series of notes issued pursuant to its EMTN Programme to pass an extraordinary resolution at a separate meeting of noteholders of each such series to sanction (a) the waiver and authorisation of any breach or any alleged breach of certain of the terms and conditions of the notes and (b) waivers in respect of certain statutory rights that such noteholders may have under Finnish law, in each case, as may be caused by, or arise in respect of, the proposed demerger of Metso's Pulp, Paper and Power businesses into an independent company.

The details of the consent solicitation are more fully described in the attached Luxembourg Stock Exchange "Launch Notice" and the Consent Solicitation Memorandum referred to therein.

Disclaimer

This announcement must be read in conjunction with the Consent Solicitation Memorandum. If you are in any doubt as to the action you should take, you are recommended to seek your own financial advice immediately from your stockbroker, bank manager, accountant or other independent financial adviser.

Neither this announcement nor the Consent Solicitation Memorandum constitutes an invitation to participate in the consent solicitation in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws. The distribution or publication of this announcement or of the Consent Solicitation Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Consent Solicitation Memorandum comes are required by Metso Corporation to inform themselves about, and to observe, any such restrictions.

Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries contribute to sustainability and deliver profitability to customers worldwide. Metso's shares are listed on the NASDAQ OMX Helsinki Ltd.

www.metso.com, www.twitter.com/metsogroup

Distribution:

NASDAQ OMX Helsinki Ltd

Media

www.metso.com

Attachment:

Luxembourg Stock Exchange "Launch Notice"

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

This announcement contains important information which should be read carefully before any decision is made with respect to the Proposal (as defined below) and must be read in conjunction with the Consent Solicitation Memorandum (as defined below). Any individual or company whose Notes (as defined below) are held by a broker, dealer, bank, custodian, trust company or other nominee must contact such entity and instruct such entity, as the holder of such Notes, to consent in accordance with the customary procedures of Euroclear or Clearstream (as defined in the Consent Solicitation Memorandum), as applicable. Any Noteholder (as defined below) who is in doubt as to what action to take should contact an independent professional adviser for advice on the merits of the Proposal including, without limitation, the tax consequences thereof.

Neither this announcement nor the Consent Solicitation Memorandum constitutes an invitation to participate in the Proposal in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws. The distribution of this announcement or of the Consent Solicitation Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Consent Solicitation Memorandum comes are required by the Issuer, the Solicitation Agents, the Tabulation Agent and the Fiscal Agent (each as defined below) to inform themselves about, and to observe, any such restrictions.



Announcement of solicitation of consents by

METSO CORPORATION

(incorporated with limited liability in the Republic of Finland) (the "Issuer")

in respect of the outstanding

Series 13 USD 150,000,000 Index-Linked Notes due 8 February 2018 (ISIN: XS0346152332; Common Code: 034615233)

Series 16 USD 75,000,000 Index-Linked Notes due 10 April 2018 (ISIN: XS0357341394; Common Code: 035734139)

(together, the "USD Notes")

Series 20 EUR 40,000,000 Fixed Rate Notes due 13 May 2018 (ISIN: XS0626477524; Common Code: 062647752)

Series 20 EUR 300,000,000 7.250 per cent. Notes due 10 June 2014 (ISIN: XS0432617891; Common Code: 043261789)

Series 22 EUR 100,000,000 Fixed Rate Notes due 27 June 2022 (ISIN: XS0795500437; Common Code: 079550043)

Series 23 EUR 400,000,000 2.750 per cent. Notes due 4 October 2019 (ISIN: XS0838968849; Common Code: 083896884)

(together, the "Euro Notes")

Series 21 SEK 300,000,000 Floating Rate Notes due July 2018 (ISIN: XS0643372468; Common Code: 064337246)

(the "SEK Notes")

issued under its EUR1,500,000,000 Euro Medium Term Note Programme

(each a "Series" and the USD Notes, the Euro Notes and the SEK Notes, and together, the "Notes")



Helsinki, 31 May 2013

Metso Corporation hereby announces the launch of a consent solicitation (the "Consent Solicitation") to solicit consents from the beneficial holders of the outstanding Notes of each Series (the "Noteholders") to consider and, if thought fit, pass an extraordinary resolution at a separate meeting of Noteholders of each Series (each a "Meeting" and together, the "Meetings") to sanction (a) the waiver and authorisation of any breach or any alleged breach of certain of the terms and conditions of the Notes and (b) certain waivers in respect of certain statutory rights that such Noteholders may have under Finnish law, in each case as may be caused by, or arise in respect of, the proposed Demerger (as defined below), all as more fully described in the Consent Solicitation Memorandum (as defined below) (the "Proposal").

The Consent Solicitation is being made on the terms and subject to the conditions set out in the Consent Solicitation Memorandum dated as of the date hereof (the "Consent Solicitation Memorandum"). Capitalised terms used in this announcement but not defined have the meanings given to them in the Consent Solicitation Memorandum.

The board of directors of the Issuer proposes that the Issuer shall demerge in a partial demerger (the "Demerger") to the effect that all assets, debts and liabilities of the Issuer which relate to its pulp, paper and power businesses shall transfer, without liquidation, to a company to be incorporated in the demerger ("Valmet Corporation"), in the manner set forth in the demerger plan dated 31 May 2013 (the "Demerger Plan"). A copy of the Demerger Plan, including appendices, is set out in Appendix 1 to the Consent Solicitation Memorandum.

The Demerger shall be carried out in compliance with the provisions of Chapter 17 of the Finnish Companies Act (624/2006, as amended) (the "Finnish Companies Act"), and Section 52 c of the Finnish Business Income Tax Act (360/1968, as amended).

Terms of the Proposal

Among other things, the Issuer is requesting that the Noteholders of each Series of Notes sanction:

1. (a) the irrevocable and unconditional waiver and authorisation of any breach or any alleged breach whether caused by the threat of, in anticipation of, in connection with, or as a result of, the proposed Demerger, of the following Conditions of each such Series:

(i) Condition 13(c)(ii) (Cross-default of Issuer or Material Subsidiary); and

(ii) Condition 13(f)(iv) (Insolvency etc) (insofar as the Demerger contemplates the cessation of a substantial part of the Issuer's business);

(b) the irrevocable and unconditional waiver and authorisation of any breach or any alleged breach whatsoever of any other obligation under or in respect of the Notes which may be breached or may be capable of being breached by the threat of, in anticipation of, in connection with, or as a result, of the proposed Demerger;

(c) all other consequential changes to the Conditions as are necessary for or expedient to the waivers set out above in paragraphs (a) and (b) above; and

2. (a) the irrevocable and unconditional waiver of their statutory right to object to the Demerger pursuant to Chapter 17, Section 6 of the Finnish Companies Act;

(b) the irrevocable and unconditional waiver of any and all of the rights that they may have to make claims against Valmet Corporation after the Effective Date on the basis of any actual or alleged Secondary Demerger Liability with respect to the Notes;

(c) an acknowledgement and agreement that, with effect from the Effective Date, Valmet Corporation shall not have any obligations or liability whatsoever towards the Noteholders under or in relation to such Series of Notes.

The Meetings of Noteholders of each Series (starting with the Series 13 Notes) will start at 11 a.m. (London time) on 24 June 2013, with subsequent Meetings in respect of each other Series (in order of ascending series number) being held at five (5) minutes intervals thereafter or after the completion of preceding Meeting (whichever is later), in each case at the office of White & Case LLP, 5 Old Broad Street, London EC2N 1DW, United Kingdom.

Instruction Fees:

In relation to each Series of Notes, Noteholders who submit or deliver Electronic Voting Instructions voting in favour of an Extraordinary Resolution (i) prior to the Early Instruction Deadline (as set out below) shall be eligible to receive an amount equal to 0.45 per cent. of the principal amount of the Notes which are the subject of the Electronic Voting Instruction (the "Early Instruction Fee") and (ii) after the Early Instruction Deadline but prior to the Late Instruction Deadline (as set out below) shall be eligible to receive an amount equal to 0.10 per cent. of the principal amount of the Notes which are the subject of the Electronic Voting Instruction (the "Basic Instruction Fee"), subject in each case to the relevant Extraordinary Resolution being duly passed. Noteholders who submit or deliver Electronic Voting Instructions after the Early Instruction Deadline will not be eligible to receive the Early Instruction Fee and Noteholders who submit or deliver Electronic Voting Instructions after the Late Instruction Deadline will not be eligible to receive the Basic Instruction Fee.

Noteholders who deliver voting instructions other than by way of Electronic Voting Instructions or who deliver Electronic Voting Instructions voting against the Extraordinary Resolution and/or deliver Electronic Voting Instructions after the relevant Fee Instruction Deadline will not be eligible to receive the relevant Instruction Fee. Noteholders who attend the Meeting(s) in person or by proxy will not be eligible to receive the relevant Instruction Fee.


Indicative Timeline

Event                                      Date and Time

Announcement  of the Proposal and Notices  31 May 2013
of Meetings to be given to Noteholders of
each    Series    of    Notes.    Consent
Solicitation Memorandum made available at
the   offices   of  the  Issuer  and  the
Tabulation Agent.

Early  Instruction Deadline - latest time  4 p.m. (London time) on 14 June
and  date for  receipt by  the Tabulation  2013
Agent  of Electronic  Voting Instructions
in  order for Noteholders  to be eligible
to receive the Early Instruction Fee

Late  Instruction Deadline  - latest time  4 p.m. (London time) on 20 June
and  date for  receipt by  the Tabulation  2013
Agent  of Electronic  Voting Instructions
in  order for Noteholders  to be eligible
to receive the Basic Instruction Fee

Time and date of the Meetings              The first Meeting (for the
                                           Series 13 Notes)  will start  at
                                           11 a.m. (London time) on 24 June
                                           2013, with subsequent Meetings
                                           in  respect  of  each  other
                                           Series  (in order  of ascending
                                           series number) being held at
                                           five (5) minutes intervals
                                           thereafter  or  after  the
                                           completion    of   preceding
                                           Meeting (whichever is later)

Notice  of  the  results  of the Meetings  As soon as reasonably
intended  to be given  to Noteholders for  practicable following the
Series  of Notes  for which  the Meetings  relevant Meeting
were quorate

If  an Extraordinary Resolution is passed
at any Meeting:

Settlement  Date (in respect of a Meeting  27 June 2013
that  was not  adjourned) for  payment of
Instruction  Fees to Noteholders who have
submitted  or delivered Electronic Voting
Instructions    by   the   relevant   Fee
Instruction Deadline and have not (except
in the limited circumstances as permitted
herein)  subsequently revoked  or amended
such instructions

If  any Meeting  is adjourned,  the times
and  dates set out  above will be amended
in  the  manner  set  out  in the Consent
Solicitation Memorandum

Voting and Quorum

To be passed at a Meeting, an Extraordinary Resolution requires a majority of not less than 75 per cent. of the votes cast. If passed, an Extraordinary Resolution shall be binding on all the Noteholders, whether or not present at the Meeting, and each of them shall be bound to give effect to it accordingly.

The quorum required at a Meeting of each Series of Notes shall be two or more persons present in person holding Notes or voting certificates or being proxies and holding or representing in the aggregate a clear majority in principal amount of the Notes of the Series in respect of which the Meeting is convened for the time being outstanding.

If within 15 minutes after the time fixed for the Meeting a quorum is not present, the Meeting shall stand adjourned to such date, being not less than 14 days nor more than 42 days later, and to such place as the chairman may decide. At least 10 days' notice of an adjourned Meeting shall be given, in the same manner as for the original Meeting. Notice of the adjourned meeting shall state the quorum required at the adjourned meeting.

At any adjourned Meeting, the quorum shall be two or more persons present in person holding Notes or voting certificates or being proxies (whatever the principal amount of the Notes so held or represented) shall form a quorum and may pass any resolution and decide upon all matters which could properly have been dealt with at the original Meeting had a quorum been present at such meeting.

If the Meeting is adjourned for lack of quorum, it is the intention of the Issuer to arrange for a notice convening the adjourned Meeting to be held as soon as reasonably practicable (in accordance with the Meeting Provisions (as defined herein)) following such adjournment.

Electronic Voting Instructions given and voting certificates obtained by Noteholders in respect of the Meeting shall remain valid for such adjourned Meeting unless, in the case of Electronic Voting Instructions, revoked or amended in the limited circumstances permitted herein or, in the case of voting certificates, surrendered not less than 48 hours before the time appointed for any adjourned meeting.

Further Details of the Consent Solicitation

Danske Bank A/S, Merrill Lynch International and Skandinaviska Enskilda Banken AB (publ) are acting as Solicitation Agents and Lucid Issuer Services Limited is acting as Tabulation Agent.

Noteholders may, at any time during normal business hours on any weekday (Saturdays, Sundays and bank and other public holidays in the relevant jurisdiction excepted) prior to the Meetings, inspect copies of the Consent Solicitation Memorandum at the specified offices of the Issuer and the Tabulation Agent set out below.

Any questions regarding the terms of the Proposal or the Consent Solicitation may be directed to the Issuer, the Tabulation Agent and the Solicitation Agents at the addresses and telephone numbers specified below:

The Issuer is:

METSO CORPORATION

Fabianinkatu 9 A

FI-00101 Helsinki

Finland

Telephone: +358 20 484 100

Email: [email protected] / [email protected]

Facsimile: +358 20 484 3141

Attention: Minna Helppi / Henry Lindqvist

The Solicitation Agents are:

Danske Bank A/S

2-12 Holmens Kanal

DK - 1092 Copenhagen K

Denmark

Telephone: +45 45 14 39 64

Email: [email protected]

Facsimile: +45 45 14 91 97

Attention: 3775 Debt Capital Markets

MERRIL LYNCH INTERNATIONAL

2 King Edward Street

London EC1A 1HQ

United Kingdom

For information by telephone: +44 207 995 3715 / 2324

Email: [email protected] / [email protected]

Attention: Liability Management - John Cavanagh / Tommaso Gros-Pietro

Skandinaviska Enskilda Banken AB (publ)

Kungsträdgårdsgatan 8

10640 Stockholm

Sweden

Telephone: +46 8 506 232 18

Email: [email protected]

Facsimile: +46 8 763 83 80

Attention: EMTN Desk

The Tabulation Agent is:

LUCID ISSUER SERVICES LIMITED

436 Essex Road

London N1 3QP

United Kingdom

Telephone: +44 (0) 20 7704 0880

Email: [email protected]

Attention: Thomas Choquet / Victor Parzyjagla

The Fiscal Agent and the Paying Agent is:

CITIBANK, N.A.

Citigroup Centre, Canada Square

Canary Wharf

London E14 5LB

United Kingdom

Telephone: +353 1 622 0866

Email: [email protected]

Facsimile: +353 1 622 2210

Attention: PPA Payments

DISCLAIMER:

The Solicitation Agents and the Tabulation Agent do not take any responsibility for the contents of this announcement or the Consent Solicitation Memorandum. None of the Solicitation Agents or the Tabulation Agent, nor any of their respective affiliates, makes any recommendation to Noteholders as to whether or not to agree to the Proposal or to vote in favour of the Extraordinary Resolution.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Metso Corporation via Thomson Reuters ONE

[HUG#1706164]

Further information, please contact:

Minna Helppi
SVP, Group Treasurer
Metso Corporation
tel +358 20 484 3195

Metso Corporation

Harri Nikunen
CFO

Juha Rouhiainen
VP, Investor Relations

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
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...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
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...
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, described an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device experiences grounded in people's real needs and desires.
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.
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...
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 ...
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. According to a recent IDG Research Services Survey this rate of traffic will only grow. What's driving t...
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, described how to revolutioniz...
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC’s significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
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 ...
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.
"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 major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...

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...
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the "Internet of Things" (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve customer service, and lower the risk in the creation of new revenue opportunities. In his General Session at Internet of @ThingsExpo, Dave Wagstaff, Vice President and Chief Architect at BSQUARE Corporation, discuss the real benefits to focus on, how to understand the requirements of a successful solution, the flow of ...
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...