Improvement in cash flow and profitability sustained as company focuses on higher margin contracts and maintains cost controls



SHENZHEN, China - Saturday, April 27th 2013 [ME NewsWire]

(BUSINESS WIRE)-- ZTE Corporation ("ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, reported a 35.9% increase in net profit in the first-quarter, as the company’s operational review continued to deliver improvements in cash flow and profitability.

Net profit attributable to shareholders of the parent company rose to RMB205 million in the first quarter, and basic earnings per share increased to RMB0.06. Operating cash flow in the first quarter significantly improved compared to a year earlier. ZTE’s gross profit margin has expanded for two consecutive quarters, as the company strengthened efforts to control costs. Revenue dropped 2.8% to RMB18.09 billi ... Read more »

SEAL BEACH, Calif. - Friday, April 26th 2013 [ME NewsWire]

(BUSINESS WIRE)-- Amonix Inc., the leading designer and manufacturer of concentrator photovoltaic (CPV) solar power systems, announced today that it has successfully converted more than 36% of direct sunlight into electricity. A module showcasing Amonix’s latest-generation CPV technology has been in outdoor testing from late February to April of this year. During this period, the Amonix module demonstrated a peak operating efficiency of 36.2% measured on March 14, 2013 with a DNI of 876 W/m2, an ambient temperature of 16°C and instantaneous wind speed of 1 m/s, breaking the previous 34.2% peak efficiency set by Amonix in May 2012.

Over the entire testing period, the Amonix module earned a National Renewable Energy Laboratory (NREL) outdoor efficiency rating of 34.9%, a new world record, under international standard operating conditions for concentrator photovoltaics of 900 W/m2, 20°C ambient temperature and 2m/s w ... Read more »

Sonus SBC 1000, SBC 2000 Session Border Controllers Chosen to Enhance Pure IP's Microsoft Lync 2013 SIP Trunking Service

WESTFORD, Mass. & LONDON - Friday, April 26th 2013 [ME NewsWire]

Key Takeaways:

    Pure IP selected Sonus as its sole session border controller provider for SIP trunking deployments in Microsoft Lync environments
    Pure IP was the first United Kingdom-based provider to obtain updated SIP trunking qualification for Microsoft Lync 2013
    Pure IP has successfully deployed more than 80 Microsoft Lync SIP trunking solutions in multiple countries, either directly or via supporting key partners
    As enterprise Unified Communications grows, session border controllers will be critical in helping companies realize interoperability, service quality and security required when implementing multi-vendor Internet Protocol networks
    The Sonus SBC portfolio provi ... Read more »

LONDON - Friday, April 26th 2013

(BUSINESS WIRE/ ME NewsWire)-- Citi Securities and Fund Services has entered in to a definitive agreement to acquire ING’s custody and securities services business in seven Central and Eastern European ("CEE”) markets currently representing €110 billion in assets under custody. ING is a premier provider of custody services in CEE, offering services to many of the world's largest financial institutions.

The transaction, which is subject to regulatory approval and clearances, includes ING’s local custody and securities services businesses in Bulgaria, the Czech Republic, Hungary, Romania, Russia, Slovakia and Ukraine. Once implemented, the addition of Bulgaria will extend Citi’s custody network coverage to over 95 markets and its proprietary custody network will be expanded to 62 markets.

The acquisition enables Citi to offer investors, intermediaries and issuers comprehensive securities services in the region through a strength ... Read more »

ABINGDON, England - Thursday, April 25th 2013 [ME NewsWire]

(BUSINESS WIRE)-- Toumaz Limited (AIM: TMZ), a pioneer in low cost, ultra-low power wireless communications technology, announces the results of its pilot study for its SensiumVitals® disposable wireless vital signs monitoring solution. The study exceeded expectations with SensiumVitals® detecting all patients who experienced deterioration in their condition between routine ward observation rounds, preventing more serious clinical problems and saving an average of $9,004 per patient, per stay.

The pilot study at Saint John’s Health Center, Santa Monica, USA demonstrated that the use of SensiumVitals® on patients in the general wards of the hospital facilitated early intervention and avoided the escalation of their conditions and prevented costly admissions to intensive care or high dependency units. It also contributed significantly to shorter hospital stays.

Independent analysis of the cost be ... Read more »