PROMATIS and Q Software announce Exclusive Partnership Agreement for QCloud Audit-as-a-Service in German-speaking markets

The new Partnership combines Q Software’s QCloud Audit with PROMATIS’ high quality customer service and technical expertise to give Oracle E-Business Suite and Oracle ERP Cloud customers efficient and innovative solutions to their security, audit and compliance problems.

Oracle Partners Q Software Global and PROMATIS have today announced a partnership agreement granting PROMATIS exclusive rights to market Q Software’s QCloud Audit-as-a-Service tools to Oracle ERP Cloud and Oracle E-Business Suite customers in German-speaking areas of Europe.

This Cloud-based service enables users to produce detailed Segregation of Duties (SoD) reports easily and quickly – the results are delivered overnight.

“IT Managers are facing increasingly complex risk management and compliance challenges,” said Dr. Frank Schoenthaler, Chairman and CEO, PROMATIS Group. “We’re excited to work with Q Software, recognised experts in ERP security, audit and compliance, to offer our customers innovative, efficient solutions to resolve these problems.”

“We’re delighted to welcome PROMATIS as a Q Software Partner,” said Stephen Davis, Q Software’s Director of Sales, EMEA. “This new partnership enables us to provide German-speaking customers with local access and support for our QCloud Audit Service.”

Typically, Segregation of Duties reporting is a very complex and cumbersome process, often dependent on complex spreadsheets, SQL reporting and technical resources. It is also prone to error, and therefore gives unreliable results. QCloud Audit as a Service eliminates the hassle and delivers accurate information online very rapidly.

Customers login to the QCloud portal to request an audit of their live system. Within four hours, the user will receive a URL to view their results, including SoD analysis with drill down facilities to investigate violations, key security metrics and an audit report identifying security weaknesses and recommendations for improvements.

How it works:

After requesting an audit, customers download the Q Agent, which gathers the security information needed from the ERP system, then pushes it to QCloud. All data is fully encrypted and totally secure both in flight and in situ.

The data is analyzed, then the requester receives an email notification that the audit results are ready, including links to access and download the consultancy report via QCloud. An interactive view of the detailed audit results is available online.

Users can also view previous audit reports and graphs comparing the results of their audits, highlighting trends and areas of improvement or degradation. New audits can be requested at any time, and the results will be delivered overnight.

The audit can help customers:

  • Reduce external audit and compliance reporting costs
  • Prevent internal fraud
  • Prioritize security improvement work
  • Scan on demand to check remediation work.

Visitors to the DOAG conference & exhibition on 20-23 November in Nuremberg can find out more about QCloud at the PROMATIS Stand, 224

About Q Software:
Q Software is an Oracle Gold Partner that provides on-premise and Cloud-based Audit, Security Control, and Efficiency solutions to JD Edwards, Oracle E-Business Suite and Oracle ERP Cloud customers. These solutions help customers protect their businesses from fraud, while significantly reducing the cost, effort and complexity of managing risk and achieving regulatory compliance. Founded in the UK in 1996, the company has over 300 customers in 58 countries, serviced by offices in the United States, the United Kingdom, Australia and a global network of sales and service partners.  www.qsoftware.com

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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HUBER+SUHNER to showcase latest innovations in connectivity and RF Energy at Electronica 2018

Leading manufacturer in electrical and optical connectivity solutions, HUBER+SUHNER is set to present a new era for critical connectivity at electronica 2018, Messe München, November 13–16. Designed for phase critical applications requiring ultimate precision and reliability, the company’s new product line of Consistent Over Temperature (CT) phase invariant cable assemblies provide industry leading performance across a number of key factors. With optimum stability over harsh temperatures, minimal phase and insertion loss, return loss and shielding effectiveness as well as simple and efficient installation, the CT assemblies are essential for applications where communication cannot be compromised, such as drones, military vehicles, and test and measurement scenarios. CT variants are available of the tried and tested Sucoform, EZ, Minibend, and Multiflex product families.

"We understand that connectivity comes first for our customers, especially those operating in military and defense, which is why our new CT range is available to suit a variety of applications depending on the customer’s deployment specifications," said Eduardo Romero, Product Manager Cable and Cable Assemblies for CT cable at HUBER+SUHNER. "These products provide the industry leading features, benefits and results that our customers expect and trust. The CT line is the perfect example of our holistic and inclusive approach to connectivity, and we are excited to present it to the attendees of electronica."

Automotive connectivity solutions for the future

Featuring high-quality electrical performance, the company’s first automotive board-to-board connector – SynaPad – acts as a single, solderless piece which is easy to assemble and enables direct to board connection. The connector also has the ability to compensate axial and radial misalignments which are key for reducing mechanical stress during temperature changes and
vibration.

With autonomous vehicles in mind, the company also offers injection moulded radar antennas to suit the latest radar systems being developed in the industry today. Utilising radiator geometries, three-dimensional signal distribution networks, radar systems using technology from HUBER+SUHNER provide higher resolution images, can measure large distances and detect obstacles even in harsh weather conditions.

RF energy for the future

Designed for the required high-power levels in peak demand applications, the RFEX connector – an industry-first connector dedicated to solid-state RF energy applications – is a key component for commercialising solid-state RF energy and thus achieving controllability in the respective applications. The highly cost-efficient solution provides customers with a reliable, long-term solution for overcoming today’s limitations in cooking, warming and heating.

A live demonstration of the RFEX will be at booth 439, where the HUBER+SUHNER team will be cooking and baking in an oven equipped with the HUBER+SUHNER RF energy solutions.

Semi-conductor testing essentials

Ultra-precise and highly-reproducible, the MXPM70 offers best-in-class signal integrity, magnetic locking mechanism, automatic interface protection and a cost-efficient PCD socket. On display alongside the MXPM70, the full range of multi-coax connectors, including the MXPM and MXP lines will be showcased. Highly-flexible and ultra-stable as standard, the MXPM and MXP lines are essential for bench-top testing, system testing as well as for internal cabling in automated testing equipment.

Smart solution, smart charging

Supporting charging times below 15 minutes (up to an 80% state of charge), the RADOX® HPC High Power Charging system will also be on display. It guarantees quick, convenient and safe charging of electric vehicles. Offering a smaller cable cross section than others on the market today, the RADOX® HPC is available with Combined Charging System (CCS) type-1 (USA and Canada specific) and type-2 connectors (Europe compatible).

At Hall B2, Booth #439, attendees are encouraged to meet with the company’s engineers and product experts for specialist events on Tuesday, focusing on Semi-conductor testing, Wednesday for a Future Mobility event and Thursday for RF energy solutions.

To arrange a briefing or product demonstration, please contact the HUBER+SUHNER team on the details below.

Axel Rienitz                                                             

Trade media

Phone: +41 71 353 4220

axel.rienitz@hubersuhner.com 

 

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HUBER+SUHNER to launch phase-stable cables for critical applications at Electronica 2018

Leading international manufacturer of components and system solutions for optical and electrical connectivity, HUBER+SUHNER, is set to debut its newest cable assemblies which push the boundaries for stability and reliability in harsh environments at Electronica, November 13-16, 2018 in Munich.

The global Swiss-based company will be showcasing its five new and improved phase invariant CT cable assemblies which have been specifically developed for applications which require precise electrical length connectivity. Opening a new door for phase critical applications in fluctuating temperatures, HUBER+SUHNER has created a steady and reliable interconnect solution to satisfy a huge range of applications where phase stability is key. Along with the industry-leading phase vs. temperature performance, as well as a unique range of cable constructions to fulfil any customer demands, it meets all requirements in Radio Frequency, Aerospace & Defense, Test & Measurement and Industrial environments.

The solutions also have unique features to achieve a significantly improved insertion loss stability over temperature compared to standard coaxial cables. This is due to its innovative design, structure and specific developed materials.

"Thanks to our long-standing knowledge in providing communications to critical environments, we know exactly what the market, and essentially, customers, need from cable assemblies. Research and Development is core to the HUBER+SUHNER backbone, and our new CT assemblies offering is a direct result of our findings," said Eduardo Romero, Product Manager at HUBER+SUHNER. "The new assemblies achieve increased accuracy, stability and reliability over multiple temperature cycles, and there are no limitations no matter the temperature or industry."

Mr Romero added: "The new and improved CT variants of the tried and tested Sucoform, EZ, Minibend and Multiflex product families are practical and cost-effective yet performance and reliability are never compromised. Giving customers the option to control fluctuating temperature changes within their cable assemblies will ultimately lead to increased accuracy, stability and reliability – a beneficial scenario for all involved.

Electronica visitors can find HUBER+SUHNER at Hall B2, Booth 439, Messe München in Munich, Germany 13th-16th November 2018.

 

 

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Further strong growth at DEUTZ

  • Significant rise in new orders
  • Double-digit increase in revenue and significantly improved EBIT margin
  • DEUTZ focuses efforts on growth in China
  • Implementation of E-DEUTZ strategy continues to gather momentum

DEUTZ AG has today published its consolidated financial results for the first three quarters of 2018. New orders rose from €1,173.8 million to €1,548.7 million, an increase of 31.9 per cent. In the third quarter of 2018, new orders were up by 22.0 per cent to €452.2 million (Q3 2017: €370.8 million).

The unit sales figure for the nine-month period was 156,504 engines, including 8,977 electric motors sold under the Torqeedo brand. This equates to an increase of 32.3 per cent compared with unit sales in the prior-year period (Q1–Q3 2017: 118,279 engines). Revenue advanced from €1,093.2 million to €1,297.3 million, a rise of 18.7 per cent. In the third quarter, revenue was up by a substantial 17.0 per cent to €419.7 million (Q3 2017: €358.7 million).

Operating profit (EBIT before exceptional items) amounted to €45.9 million in the first three quarters of the year (Q1–Q3 2017 €26.7 million). Adjusted for effects on earnings in connection with the DEUTZ Dalian joint venture, it stood at €60.3 million. Operating profit thus improved at a significantly faster rate than revenue, despite the strike at one of the Company’s suppliers. Consequently, the EBIT margin (before exceptional items) improved to 4.6 per cent after adjusting for the temporary drag on earnings resulting from DEUTZ Dalian and to 3.5 per cent before adjustment for this drag on earnings (Q1–Q3 2017: 2.4 per cent). In the third quarter of 2018, the EBIT margin was 3.0 per cent (Q3 2017: 1.4 per cent).

“The strike at a supplier put a great deal of strain on management and staff at our Company,” says the Chairman of the DEUTZ Board of Management, Dr Ing Frank Hiller. “This makes our substantial revenue growth, to which all regions and segments contributed, and our significant increase in operating profit all the more pleasing. We took further important steps that are aimed at securing growth in the future. We have also succeeded in further expanding our licensing business in China and are making good progress with the implementation of our EDEUTZ strategy.”

In the Chinese market, DEUTZ plans to generally reorganise its presence so that it can generate stronger growth and be even more successful there. As previously announced, DEUTZ signed contracts for the sale of the former DEUTZ Dalian joint venture to its former partner FAW in October 2018. The Company is also currently in talks about entering into new alliances with major local partners in the construction equipment and agricultural machinery industries.

Our E-DEUTZ strategy, introduced in 2017, is continuing to gather momentum. Demonstrating fully working operational systems during the ELECTRIP Event Week was the best way to prove our expertise in this field. An interdisciplinary team of Torqeedo and DEUTZ design engineers succeeded in integrating our drive concept into two prototype machines in just six months. This shows that DEUTZ has mastered the technology and is in a position to supply marketable electrification solutions.

For 2018 as a whole, DEUTZ (assuming no further supply shortage) expects revenue to rise sharply to more than €1.6 billion. The EBIT margin (before exceptional items) is forecast to improve to at least 4.5 per cent.

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EnWave Signs Research and Development License Agreement with Cornell University, Receives Purchase Order for Small-Scale REVTM Machine for Cornell’s Center of Excellence

EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company" – http://www.commodity-tv.net/c/search_adv/?v=298005) announced today that it has signed a Research and Development License Agreement (the "Agreement") with the College of Agriculture and Life Sciences at Cornell University (CALS). CALS has also committed to purchasing a 10kW Radiant Energy Vacuum (“REV™”) dehydration machine to be used at its New York Center of Excellence in Food and Agriculture located in upstate New York. 

Under the Agreement, Cornell will use the REV™ machinery for research and development purposes to propagate the REV™ technology with key stakeholders in the food manufacturing industry throughout New York State and beyond to help develop innovative, premium food applications. The Center for Excellence will effectively serve as a proving ground for prospective future royalty partners of the Company to evaluate the merits of REV™ technology. The installation of a pilot-scale REVTM machine at Cornell’s Food Venture Center pilot plant will increase the visibility of EnWave’s technology to potential new royalty partners, and will serve as a location for product trials and demonstrations.

EnWave personnel will collaborate closely with Cornell’s renowned food science department to showcase the REVTM technology to potential new royalty partners on a project-to-project basis.

About Cornell University’s Center of Excellence in Food and Agriculture

The Center for Excellence serves as a hub to connect New York businesses with services they need for success by linking them with world-class Cornell researchers, farmers, processors, businesses and consumers. It pulls together multiple partners to accelerate business development and leverage high technology.

New York state’s food manufacturing sector is the nation’s second largest, behind only California in the number of food-related businesses, according to the U.S. Department of Agriculture. New York ranks in the top 10 in production of 30 commodities. It is the second-largest producer of apples, snap beans and maple syrup, third in cabbage, grapes and dairy – the largest segment of the state’s agricultural sector – and fourth in pears, according to the New York State Department of Agriculture and Markets.

In partnership with the Cornell Agriculture and Technology Park in Geneva, the Center for Excellence has an incubator program for startups that provides entrepreneurship training, business mentorship and space. Through a mentor network, participants connect with distributors and marketers, potential partners, co-packing and manufacturing facilities and other existing resources.

The Center for Excellence assists in bringing technical products to market, expanding technology-related business and employment, and encouraging private-sector investment in emerging high-tech fields, such as REV™ technology. In addition, helps to commercialize Cornell food and agriculture-related innovations, inventions and intellectual property.

For more information, please visit https://foodscience.cals.cornell.edu/.

About EnWave

EnWave Corporation, a Vancouver-based advanced technology company, has developed Radiant Energy Vacuum (“REV™”) – an innovative, proprietary method for the precise dehydration of organic materials. EnWave has further developed patent-pending methods for uniformly drying and decontaminating cannabis through the use of REV™ technology, shortening the time from harvest to marketable cannabis products. 

REV™ technology’s commercial viability has been demonstrated and is growing rapidly across several market verticals in the food, and pharmaceutical sectors including legal cannabis. EnWave’s strategy is to sign royalty-bearing commercial licenses with industry leaders in multiple verticals for the use of REV™ technology. The company has signed over twenty royalty-bearing licenses to date, opening up nine distinct market sectors for commercialization of new and innovative products. In addition to these licenses, EnWave has formed a Limited Liability Corporation, NutraDried Food Company, LLC, to develop, manufacture, market and sell all-natural cheese snack products in the United States under the Moon Cheese® brand. 

EnWave has introduced REV™ as the new dehydration standard in the food and biological material sectors: faster and cheaper than freeze drying, with better end product quality than air drying or spray drying. EnWave currently has three commercial REV™ platforms:

1. nutraREV® which is used in the food industry to dry food products quickly and at low-cost, while maintaining high levels of nutrition, taste, texture and colour;

2. powderREV® which is used for the bulk dehydration of food cultures, probiotics and fine biochemicals such as enzymes below the freezing point, and

3. quantaREV® which is used for continuous, high-volume low-temperature drying.

An additional platform, freezeREV®, is being developed as a new method to stabilize and dehydrate biopharmaceuticals such as vaccines and antibodies. More information about EnWave is available at www.enwave.net.

EnWave Corporation
Mr. Brent Charleton, CFA
President and CEO

In Europe
Swiss Resource Capital AG
info@resource-capital.ch
www.resource-capital.ch

Safe Harbour for Forward-Looking Information Statements: This press release may contain forward-looking information based on management’s expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company’s strategy for growth, product development, market position, expected expenditures, and the expected synergies following the closing are forward-looking statements. All third party claims referred to in this release are not guaranteed to be accurate. All third party references to market information in this release are not guaranteed to be accurate as the Company did not conduct the original primary research. These statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Sales grow despite difficult market conditions, margin decrease

  • Revenue grows 5.1 percent at constant currency in the first nine months
  • EBIT margin before special items for the same period at 10.7 percent (prior year: 11.4 percent)
  • Performance declines in both Automotive divisions, Industrial division business remains strong
  • Free cash flow before in- and outflows for M&A activities of 127 million euros below prior year (247 million euros)
  • Increased focus on discipline regarding cost and capital

Global automotive and industrial supplier Schaeffler presented its interim report for the first nine months of 2018 today. The Schaeffler Group’s revenue for the reporting period amounted to approximately 10.7 billion euros (prior year: approximately 10.5 billion euros). At constant currency, revenue increased by 5.1 percent during the period, 3.7 percent in the third quarter. As was the case for the first half of 2018, all three divisions and all four regions contributed to the group’s revenue growth at constant currency during the first nine months, with the Greater China region once more reporting the largest revenue constant currency growth rate of 14.3 percent.

The Schaeffler Group generated earnings before financial result and income taxes (EBIT) before special items of 1,150 million euros (prior year: 1,196 million euros) in the first nine months. This represents an EBIT margin before special items of 10.7 percent (prior year: 11.4 percent). EBIT before special items for the third quarter was 355 million euros (prior year: 416 million euros), representing an EBIT margin before special items of 10.1 percent (prior year: 12.1 percent).

Net income attributable to shareholders for the reporting period was 766 million euros, nearly on par with the prior year level (of 791 million euros). Earnings per common non-voting share were 1.16 euros (prior year: 1.19 euros).

Klaus Rosenfeld, CEO of Schaeffler AG, commented on the performance of the business in the first nine months and in the third quarter: “The third quarter has once again demonstrated how important it is for us to be an automotive as well as an industrial supplier. While our Automotive OEM business is affected by the weak market trend in China, our Industrial business continued to do well during the third quarter. This division grew its revenue grew faster than the market and generated an EBIT margin before special items of 12.1 percent.”

Automotive OEM revenue growth less dynamic due to market conditions

The Automotive OEM division generated approximately 6.8 billion euros (prior year: approximately 6.7 billion euros) in revenue during the reporting period. At constant currency, revenue increased by 4.3 percent compared to the prior year, a growth rate 3.5 percentage points above the 0.8 percent average growth in production volumes of passenger cars and light commercial vehicles for the reporting period. Following the encouraging revenue trend in the first six months, the Automotive OEM division reported less dynamic revenue growth of 3.2 percent in the third quarter due to the persistently challenging environment in the automotive sector. In the third quarter, which saw global automobile production decline by 2 percent, outperformance amounted to 5.2 percentage points.

The lower growth rate was mainly attributable to weaker demand in the Europe and Greater China regions. In Europe, this weaker demand was mainly due to production delays resulting from the changeover to the new WLTP emissions standard, while China felt the effect of consumer restraint due to the trade conflict with the U.S. and stricter lending practices. All four of the Automotive OEM division’s business divisions contributed to its revenue growth on a nine months basis, with the E-Mobility business division once more reporting the highest revenue growth rate at constant currency, 13.6 percent. Despite the less dynamic growth of the Automotive OEM division’s revenue in the Greater China region in the third quarter, this region still showed the highest growth rate of 9.5 percent, followed by 5.7 percent in the Americas region, 2.4 percent in Asia/Pacific, and 2.2 percent in Europe.

The division generated 596 million euros (prior year: 712 million euros) in EBIT before special items in the first nine months, bringing the EBIT margin before special items for the same period to 8.8 percent, less than the prior year margin of 10.7 percent. The decrease was primarily attributable to ramp-up costs, project delays in China, increased production costs – due to factors including increased raw materials prices – and the impact of the revenue mix. According to the latest full-year guidance for 2018 issued October 30, 2018, the division aims to achieve constant currency revenue growth of 3.5 to 4.5 percent (previously: 4.5 to 5.5 percent) and an EBIT margin before special items of 8 to 8.5 percent (previously: 8.5 to 9.5 percent).

Automotive Aftermarket revenue drops temporarily in the third quarter

Following a solid first six months overall, the Automotive Aftermarket division reported a drop in revenue for the third quarter compared to the prior year quarter. At constant currency, revenue declined by 3.0 percent. Based on the first nine months of 2018, the division expanded its revenue by 1.3 percent at constant currency, generating 1,401 million euros in revenue (prior year: 1,434 million euros). The decrease in third-quarter revenue was primarily attributable to strong growth in the Europe and Americas regions in the prior year quarter. As was the case for the first six months, the Greater China (39.0 percent) and Asia/Pacific (16.0 percent) regions reported the strongest constant currency revenue growth for the first nine months, followed by Europe (1.9 percent). Revenue in the Americas region on an adjusted basis declined (by 8 percent) due to non-recurring additional requirements of an Original Equipment Services (OES) customer in the prior year period.

The Automotive Aftermarket division’s EBIT before special items for the first nine months amounted to 256 million euros (prior year: 278 million euros). Based on this EBIT, the EBIT margin before special items was 18.3 percent (prior year: 19.4 percent). Reasons for the decline from prior year include temporarily higher costs of selling and logistics activities. Based on the adjusted full-year guidance issued October 30, 2018, the group now expects revenue growth for the Automotive Aftermarket division of 1.5 to 2.5 percent (previously: 3 to 4 percent) at constant currency and an EBIT margin before special items of 17 to 17.5 percent (previously: 16.5 to 17.5 percent) in 2018.

Performance of Industrial business remains encouraging in the third quarter

During the third quarter, the Industrial division significantly increased its revenue to 854 million euros (prior year: 790 million euros), which represents an increase of 9.4 percent at constant currency. This increase brought revenue for the first nine months of 2018 to approximately 2.5 billion euros (prior year: approximately 2.4 billion euros). At constant currency, revenue growth for the reporting period amounted to 9.8 percent and was primarily driven by Industrial Distribution. The double-digit constant currency revenue growth rates generated by the raw materials, power transmission, railway, and offroad sector clusters contributed considerably to the higher revenue as well. Like all of the sectors, all of the regions increased their revenue, as well. The largest growth rate at constant currency was reported by the Greater China region (29.4 percent), ahead of Asia/Pacific (8.7 percent), Americas (8 percent), and Europe (6 percent).

The Industrial division generated 298 million euros (prior year: 206 million euros) in EBIT before special items for the first nine months, representing an EBIT margin before special items of 11.8 percent (prior year: 8.7 percent). The improved margin is attributable to the favorable impact of economies of scale as well as to efficiency gains and cost savings resulting from the program “CORE”. On October 30, 2018, the Schaeffler Group confirmed its full-year guidance for the Industrial division’s constant currency revenue growth for 2018, which it had raised on September 19, 2018, of 8 to 9 percent. The target for the EBIT margin before special items of 10 to 11 percent has now been refined to 10.5 to 11 percent.

Positive free cash flow in the third quarter

At 201 million euros (prior year: 333 million euros), free cash flow before in and outflows for M&A activities for the third quarter was positive. For the first nine months, it amounted to 127 million euros, falling short of the prior year level (247 million euros), primarily due to lower earnings quality and the higher amount of capital tied up in inventories. Capital expenditures (capex) on property, plant and equipment and intangible assets for the first nine months of 857 million euros were slightly below the prior year level (873 million euros), representing a capex ratio of 8 percent of revenue (prior year: 8.3 percent).

Dietmar Heinrich, CFO of Schaeffler AG, said: “We are aiming to maintain a capex ratio of approximately 8 percent as at year-end as well. For this purpose, we will manage our capital expenditures restrictively in the fourth quarter. In combination with the reduction of inventory levels, this will have a favorable effect on free cash flow”.

Net financial debt as at September 30, 2018, increased by 274 million euros to 2,644 million euros, lowering the gearing ratio, i.e. the ratio of net financial debt to shareholders’ equity, to 91 percent (December 31, 2017: 93 percent). As at September 30, 2018, the Schaeffler Group had total assets of approximately 12.3 billion euros (prior year: approximately 11.5 billion euros) and employed a workforce of 92,836 (prior year: 89,359), an increase of approximately 3.9 percent.

Based on the adjusted full-year guidance issued October 30, 2018, the Schaeffler Group now anticipates revenue growth of 4 to 5 percent (previously 5 to 6 percent) at constant currency, an EBIT margin before special items of 9.5 to 10.5 percent (previously 10.5 to 11.5 percent), and free cash flow before cash in- and outflows for M&A activities of approximately 300 million euros (previously approximately 450 million euros).

“The situation of the global automotive industry has deteriorated further over the past seven weeks, particularly in China and also in Europe. Against this backdrop, and although our Industrial business enables us to partially offset this deterioration, it is essential that we manage our business as proactively and carefully as possible and align our resources with the changing market environment. Discipline regarding cost and capital is what counts now”, stated Klaus Rosenfeld.

Forward-looking statements and projections

Certain statements in this press release are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place any undue reliance on forward-looking statements which speak only as of the date of this press release. Statements contained in this press release regarding past trends or events should not be taken as representation that such trends or events will continue in the future. The cautionary statements set out above should be considered in connection with any subsequent written or oral forward-looking statements that Schaeffler, or persons acting on its behalf, may issue.

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Cognetivity Neurosciences unterzeichnet globale Kooperation mit dacadoo

Das kanadische Unternehmen Cognetivity, ein führendes Technologieunternehmen für die Entwicklung von kognitiven Beurteilungslösungen, unterzeichnet eine Kooperation mit dem Schweizer digitalen Gesundheitsunternehmen dacadoo, um ihr Tool zur kognitiven Bewertung mit der digitalen Gesundheitsplattform von dacadoo zu verbinden und ihre Lösung auf diesem Wege auch Versicherungskunden von dacadoo anbieten zu können.

Das Schweizer Unternehmen dacadoo entwickelt und betreibt die preisgekrönte digitale Gesundheitsplattform für Lebensversicherungen und Krankenkassen, die Menschen dabei unterstützt, ihre Gesundheit auf einfache und unterhaltsame Weise aktiv zu verwalten und zu verbessern. Es werden Motivationstechniken aus der Verhaltensforschung mit Funktionen aus Online-Spielen und sozialen Netzwerken kombiniert, die die Nutzer in ihre ganzheitliche Gesundheit einbeziehen – Körper, Befinden und Lebensstil. Da die Plattform von dacadoo gesunden Bevölkerungsgruppen dient, erweitert das Unternehmen stetig sein Ökosystem, um Partner hinzuzufügen, welche Lösungen anbieten, die bestimmte Patientengruppen bedienen können, um so das gesamte Spektrum der Bevölkerungsgesundheit aus einer Hand zu bedienen.

Cognetivity ist ein führendes Technologieunternehmen aus Kanada, welches kognitive Bewertungslösungen für medizinische und kommerzielle Zwecke entwickelt. Die Unternehmen gaben heute bekannt, dass sie eine kommerzielle Vereinbarung unterzeichnet haben, um das einzigartige kognitive Bewertungstool von Cognetivity mit der digitalen Gesundheitsplattform von dacadoo zu verbinden und es den großen Lebens- und Krankenversicherungskunden von dacadoo weltweit zur Verfügung zu stellen. Durch das Verknüpfen des kognitiven Bewertungs-tools von Cognetivity mit der digitalen Gesundheitsplattform, bietet dacadoo bestehenden und zukünftigen Versicherungskunden die Möglichkeit, eine einzigartige und wertvolle neue Technologie für das Monitoring der kognitiven Gesundheit anzubieten.

Geschäftsführer von Cognetivity, Dr. Sina Habibi kommentierte: "Diese Vereinbarung stellt für uns eine bedeutende Gelegenheit dar, unsere proprietäre Technologie einer breiten Nutzerbasis im neuen, schnell wachsenden Bereich der nicht-klinischen Gesundheitsüberwachung zur Verfügung zu stellen. Sei es via unserer professionellen Plattform für die frühzeitige Diagnose kognitiver Beeinträchtigungen, die sich im Endstadium der klinischen Validierung befindet, oder via unserem Tool zur Überwachung der Gesundheit zu Hause welches mit dacadoo integriert wird, unsere Hauptaufgabe besteht weiterhin darin, Personen die Kontrolle über Ihre Gesundheit zu geben und die bestmöglichen gesundheitlichen Ergebnisse für möglichst viele Menschen sicherzustellen". Peter Ohnemus, CEO von dacadoo, fügte hinzu: "Wir freuen uns sehr, unser Ökosystem auszubauen und mit Cognetivity zusammenzuarbeiten um für unsere Lebens- und Krankenversicherungskunden weltweit Zugang zu Cogentivity‘s beeindruckende, auf AI-basierende Technologien im Bereich des kognitiven Monitoring zu gewähren."

Übert Cognetivity

Cognetivity is a technology company developing a cognitive testing platform, the Integrated Cognitive Assessment (ICA) for use in medical and commercial environments. Cognetivity’s ICA uses Artificial Intelligence and machine learning techniques to help detect the earliest signs of impairment by testing the performance of large areas of the brain, potentially allowing early diagnosis of dementia. Cognetivity aims to develop the ICA through planned clinical studies to the market in North America and Europe.

Cognetivity ist ein Technologieunternehmen, welches eine kognitive Testplattform, das Integrated Cognitive Assessment (ICA), für den Einsatz in medizinischen und kommerziellen Umgebungen entwickelt. Das ICA verwendet künstliche Intelligenz und maschinelle Lerntechniken, um die frühesten Anzeichen einer kognitiven Beeinträchtigung zu erkennen in dem man die Leistungsfähigkeit grosser Hirnareale testet um möglicherweise Früherkennung von Demenz zu ermöglichen. Cognetivity hat die Absicht, die ICA durch geplante klinische Studien in Nordamerika und Europa weiter zu entwickeln.

Für mehr Informationen: www.cognetivity.com

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ODU sets new standards for future markets

Mühldorf am Inn. ODU, an international front-runner in connector systems technology, will be present at electronica 2018 with numerous product innovations and proven all-rounders. The global trade fair for electronics component parts, systems and applications will take place in Munich from November 13 to 16. The connector specialist from Mühldorf will be setting new standards, particularly in the areas of impermeability, robustness, high density, mass interconnect, high temperatures, assembly speed and automatic docking systems.

A newcomer to the ODU-MAC® family

Since its market launch in 1986, the ODU-MAC® modular rectangular product family has become a true success story. With the ODU-MAC® RAPID, the company is now introducing a newcomer to this line, cutting assembly and service time in half thanks to a novel half-shell principle. This characteristic is complemented by multiple other intelligent features including high contact density, coding, and spindle locking along with easy adaptability to quickly changing requirements.

As a hybrid manual mating solution with spindle locking, the new ODU-MAC® Blue-Line performance class is characterized by the economical and user-friendly assembly and removal of crimp-clip contacts. A new combination module now achieves the highest packing density available on the market on a width of merely 14.4 mm. A unique selling point of the ODU-MAC® Blue-Line series is the well-established spindle locking, also available with the standard plastic housing.

ODU will also be presenting a pilot-production product from the ODU-MAC® Black-Line, the mass interconnect solution, with an innovative electromechanical locking mechanism.

In addition, the company will also be presenting a new development from the ODU DOCK Silver-Line at electronica 2018, an ideal solution for automatic docking and robotic systems. In this way, ODU will have integrated the existing ODU DOCK product line into the successful ODU-MAC® Silver-Line. The robust design, versatile application and flexible combination options, along with the quick-change head, will offer attractive benefits for ODU customers.

Visitors to the trade fair may also look forward to two additional outstanding highlights from the Bavarian innovation hotbed in Mühldorf: With its ODU-LAMTAC® HTC, the company will be introducing a new high-performance contact that excels through its maximum current-carrying capacity and temperature resistance of up to 200°C. Furthermore, the ODU DOCKING MATE self-finding contact system is setting new standards in important future markets as a brand-new development for autonomous driving and automated production.

When it comes to extreme ambient conditions, ODU’s thoroughly proven robust connector solutions are the number-one choice. ODU’s threaded connector technology is particularly suited to applications requiring a special degree of safety or in which ambient conditions including temperature, pressure or vibrations prove problematic. Thanks to its high shock and vibration resistance, shielding capacity, tightness, maximum operation, reliable transmission of high data rates and customized contact configurations, ODU guarantees reliability when it really matters.

Impermeability is among the most frequently demanded specifications in the areas of test and measurement as well as medical and industrial applications. Increasingly, this is not just about preventing water and dirt from intruding, even under high external pressure, but rather about hermetic sealing – such as for critical purity specifications, as when a vacuum must be created within a closed-off room. ODU is rising to this challenge with a new receptacle line from the ODU MINI-SNAP® series. Thanks to the glass potting, it doesn’t just meet the high demands on interfaces suitable for ultra-high vacuum conditions – ODU also enables high-performance data transmission with up to 14.4 Gbit/s.

New ODU MEDI-SNAP® applications suitable for high voltages prevent hot plugging thanks to a special pin layout design and new retarded contacts in tiny spaces of around 20 mm – in addition to reliable transmission of up to 1,000 V (AC), compliant with IEC 60664‑1. The complete mating condition can thus be characterized and a secondary deactivation be installed. Mating and demating of this high-voltage connector under load are excluded and long-term functional and operation security is guaranteed.

The IEC 60601-1 medical standard ensures even more safety in medical technology. It demands the highest contact security of medical devices and component parts to protect patients and operators from electric shock. Thanks to the integration of a dual protective measure, ODU MEDI-SNAP® solutions already comply with the new top security standard through new receptacle styles and insulating body designs.

To find out about our new products, visit ODU at electronica 2018, Hall B2, Booth 143. www.odu.de

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U.S. Gold Corp. mit Abschluss einer ATM-Vereinbarung

U.S. Gold Corp. (NASDAQ: USAU) ("U.S. Gold" oder das "Unternehmen" – http://www.commodity-tv.net/c/search_adv/?v=298583) gab heute bekannt, dass sie mit H.C. Wainwright & Co. ein At-the-Market Offering Agreement (das "ATM Agreement") abgeschlossen hat. LLC ("Wainwright") als Vertriebsleiter. Gemäß den Bedingungen des ATM-Vertrags ist die Gesellschaft berechtigt, nach eigenem Ermessen und von Zeit zu Zeit nach eigenem Ermessen Stammaktien am Kapital der Gesellschaft ("Aktien") über Wainwright zu verkaufen, wobei diese Verkäufe einen Bruttoverkaufswert von insgesamt bis zu 1,0 Million US-Dollar aufweisen dürfen (das "Angebot"). Der ATM-Vertrag bleibt bis zum 31. Juli 2019 oder bis zum Datum der Kündigung des ATM-Vertrags gemäß den darin enthaltenen Bedingungen in vollem Umfang in Kraft. 

Der Verkauf von Aktien, falls vorhanden, erfolgt durch Ausschüttungen direkt an der NASDAQ oder einem anderen etablierten US-amerikanischen Handelsmarkt. Die Aktien werden zu den zum Zeitpunkt des Verkaufs geltenden Marktpreisen ausgegeben. Infolgedessen können die Preise der im Rahmen des Angebots verkauften Aktien, falls vorhanden, zwischen Käufern und Ausschüttungen variieren.

Das Angebot erfolgt in Form eines Prospektnachtrags vom 2. November 2018 (der "Prospektnachtrag") zum Basisprospekt, der in der bestehenden US-Regalregistrierungserklärung der Gesellschaft auf dem Formular S-3 (Datei Nr. 333-217860) (die "Registrierungserklärung") enthalten ist, die am 16. Mai 2017 in Kraft getreten ist. Der Prospektnachtrag und der Basisprospekt wurden bei der United States Securities and Exchange Commission (die "SEC") eingereicht und sind zusammen mit dem dazugehörigen Registration Statement auf der Website der SEC unter www.sec.gov verfügbar. Alternativ stellt Wainwright auf Anfrage Kopien dieser Dokumente zur Verfügung, indem es sich an H.C. Wainwright & Co., LLC, 430 Park Avenue, 4th Floor, New York, NY 10022 unter atm@bcwco.com. wendet.

Die Gesellschaft geht davon aus, dass das bestehende Arbeitskapital in Verbindung mit potenziellen zukünftigen Quellen nicht verwässernder Finanzierungen ausreichen wird, um ihre Fixkosten und Projektaktivitäten zu decken. Dieser Geldautomatenvertrag ist ein kostengünstiges Mittel zur Schaffung zusätzlicher Bilanzflexibilität; die Gesellschaft ist jedoch nicht verpflichtet, von ihrem Recht zum Verkauf von Aktien im Rahmen des Geldautomatenvertrags Gebrauch zu machen. Wenn sich die Marktbedingungen deutlich verbessern und Aktien verkauft werden, beabsichtigt U.S. Gold, den Nettoerlös für allgemeine Unternehmens- und Betriebskapitalzwecke zu verwenden.

Die Gesellschaft zahlt Wainwright eine Provision in Höhe von 3,0% des Bruttoverkaufspreises aus etwaigen Verkäufen im Rahmen des Angebots.

Diese Pressemitteilung stellt weder ein Angebot zum Verkauf noch die Aufforderung zur Abgabe eines Angebots zum Kauf von Wertpapieren dar, noch wird es einen Verkauf der Wertpapiere in einer Rechtsordnung geben, in der ein solches Angebot, eine solche Aufforderung oder ein solcher Verkauf vor der Registrierung oder Qualifikation nach den Wertpapiergesetzen einer solchen Rechtsordnung rechtswidrig wäre.

Über U.S. Gold Corp.

U.S. Gold Corp. ist ein börsennotiertes, auf die USA fokussiertes Goldexplorations- und Entwicklungsunternehmen. U.S. Gold Corp. verfügt über ein Portfolio von Entwicklungs- und Explorationsgrundstücken. Copper King befindet sich im Südosten von Wyoming und hat einen technischen Bericht über die vorläufige wirtschaftliche Bewertung (PEA), der von Mine Development Associates erstellt wurde. Keystone ist ein Explorationsobjekt im Cortez Trend in Nevada, das von Dave Mathewson identifiziert und konsolidiert wurde. Für weitere Informationen über U.S. Gold Corp. besuchen Sie bitte https://www.usgoldcorp.gold/

Zukunftsgerichtete Aussagen

Diese Pressemitteilung enthält zukunftsgerichtete Aussagen im Sinne des U.S. Securities Act von 1933 in der jeweils gültigen Fassung und des U.S. Securities Exchange Act von 1934 in der jeweils gültigen Fassung. Zukunftsgerichtete Aussagen in dieser Pressemitteilung und alle anderen Aussagen, die keine historischen Fakten sind, erfolgen gemäß den Safe Harbor-Bestimmungen des Private Securities Litigation Reform Act von 1995. Diese Aussagen beinhalten Faktoren, Risiken und Unsicherheiten, die dazu führen können, dass die tatsächlichen Ergebnisse in zukünftigen Perioden wesentlich von diesen Aussagen abweichen, einschließlich Aussagen über die potenzielle Zunahme der gesamten Metallausstattung des Projekts und die Verwendung eines aktualisierten digitalen Explorationsmodells zur Unterstützung bei der Identifizierung von Lagerstättenerweiterungen und hochgradigen Zielgebieten. Es gibt eine Reihe von Faktoren, die dazu führen können, dass die tatsächlichen Ereignisse wesentlich von denjenigen abweichen, die in solchen zukunftsgerichteten Aussagen angegeben sind. Zu diesen Faktoren gehören unter anderem Risiken, die sich aus folgenden Faktoren ergeben: ob U.S. Gold Corp. in der Lage sein wird, Kapital durch dieses Angebot zu beschaffen oder dieses zu vollziehen, die Erfüllung der üblichen Abschlussbedingungen, die vorherrschenden Marktbedingungen, die erwartete Verwendung der Erlöse aus dem Angebot und die Auswirkungen der allgemeinen wirtschaftlichen oder politischen Bedingungen in den Vereinigten Staaten oder weltweit. Eine Liste und Beschreibung dieser und anderer Risikofaktoren finden Sie im jüngsten Jahresbericht des Unternehmens auf Formular 10-K, in den Quartalsberichten auf Formular 10-Q und in den aktuellen Berichten auf Formular 8-K, die bei der Securities and Exchange Commission eingereicht wurden und unter www. sec.gov eingesehen werden können. Wir geben keine Zusicherung oder Garantie, dass die hierin enthaltenen Informationen vollständig und korrekt sind, und wir sind nicht verpflichtet, die hierin enthaltenen Informationen zu korrigieren oder zu aktualisieren.

Warnhinweis für US-Investoren in Bezug auf Mineralressourcen

Wir können bestimmte Begriffe in dieser Pressemitteilung verwenden, die in den Richtlinien des Canadian Institute of Metallurgy definiert sind, die weitgehend befolgt werden, um den Canadian National Instrument 43-101– Standards of Disclosure for Mineral Projects ("NI 43-101") zu entsprechen. Wir weisen US-Anleger darauf hin, dass diese Bedingungen von der United States Securities and Exchange Commission (die "SEC") nicht anerkannt werden. Die SEC erlaubt Emittenten jedoch in der Regel nur, Mineralisierungen zu melden, die nach SEC-Standards keine "Reserven" darstellen, und zwar in Tonnage und Güteklasse ohne Bezugnahme auf die Maßeinheiten. Es ist zu beachten, dass eine vorläufige wirtschaftliche Bewertung vorläufiger Natur ist und abgeleitete Mineralressourcen beinhaltet, die geologisch als zu spekulativ angesehen werden, um die wirtschaftlichen Überlegungen angewendet zu bekommen, die es ermöglichen würden, sie als Mineralreserven zu klassifizieren, und es besteht keine Sicherheit, dass die vorläufige Bewertung durchgeführt wird.

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U.S. Gold Corp. Announces Amendments to its Bylaws, Updates to its Corporate Governance Charters and Policies, and Execution of Certain Executive Employment Agreements

U.S. Gold Corp. (NASDAQ: USAU) (“U.S. Gold” or the “Company” – http://www.commodity-tv.net/c/search_adv/?v=298583) today announced that the Company has amended its bylaws, updated certain of its corporate governance policies and entered into employment agreements with Edward Karr, as Chief Executive Officer, and David Rector, as Chief Operating Officer.

Edward Karr, Chief Executive Officer, commented, “U.S. Gold is committed to creating a corporate framework that will allow our company to grow, develop and improve shareholder value.  We believe that amending our bylaws to provide a 1/3 quorum requirement for shareholder meetings is in-line with our industry peers and that strengthening our corporate governance policies will demonstrate our commitment to strong corporate governance.  In addition, the employment agreements with myself and David Rector will ensure continued strong leadership of U.S. Gold Corp.”

Bylaw Amendments

The Company amended and restated its Bylaws to reduce the quorum requirement for shareholder meetings from shareholders representing a majority of the shares entitled to vote to the minimum required by Nasdaq Stock Market Rule 5620(c) of one-third (33-1/3%) of the issued shares of the Corporation’s common voting stock.  In addition, the Bylaws were amended to reference U.S. Gold Corp. (formerly, Dataram Corporation) as the corporation and to make other non-material grammatical corrections.

Corporate Governance Charter Updates

The Board of Directors approved amendments to the Compensation Committee Charter, the Corporate Governance and Nominating Committee Charter, and the Technical Committee Charter.  These additions improve upon the existing charters and put them in line with industry standards.  Additionally, the Board of Directors of the Company has authorized and approved the reaffirmation of the Company’s Corporate Governance Principles and the Company’s Related Party Transactions Policies.

Employment Agreements

The Company entered into employment agreements with Edward Karr, as Chief Executive Officer, and David Rector, as Chief Operating Officer. Execution of these employment agreements ensure Mr. Karr and Mr. Rector will continue to provide strong and stable leadership in their current roles.

  • Karr has served as President, Chief Executive Officer, and Director of the Company since April 12, 2016. Mr. Karr is the founder of several investment management and investment banking firms in Geneva Switzerland and has been active in the natural resource industry for years. Mr. Karr was a founder and currently serves on the Board of Directors of Pershing Gold Corp. (NASDAQ: PGLC). Mr. Karr is a Director and Chair of the Audit Committee of Levon Resources (TSX: LVN). Previously, Mr. Karr worked for Prudential Securities in the United States and has been in the financial services industry for over twenty years.
  • Rector has served as Chief Operating Officer of the Company since December 22, 2017. Mr. Rector previously served Chief Operating Officer of Gold King Corp. Prior to his time with U.S. Gold Corp., Mr. Rector Chief Executive Officer and President of Valor Gold and Vice President of Finance & Administration at Pershing Gold (NASDAQ: PGLC).

More information and copies of U.S. Gold policies can be found on its website at www.usgoldcorp.com.

About U.S. Gold Corp.

U.S. Gold Corp. is a publicly traded U.S. focused gold exploration and development company. U.S. Gold Corp. has a portfolio of development and exploration properties. Copper King is located in Southeast Wyoming and has a Preliminary Economic Assessment (PEA) technical report, done by Mine Development Associates. Keystone is an exploration property on the Cortez Trend in Nevada, identified and consolidated by Dave Mathewson. For more information about U.S. Gold Corp., please visit www.usgoldcorp.gold.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements in this press release and all other statements that are not historical facts, are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements, including statements related to the improving shareholder value, comparisons of the amended corporate governance charters and bylaws to industry standards and ability to retain its executive officers. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, risks arising from: whether or not U.S. Gold Corp. will be able to raise capital through this offering or consummate this offering, the satisfaction of customary closing conditions, prevailing market conditions, the anticipated use of proceeds from the offering and the impact of general economic industry or political conditions in the United States or globally. A list and description of these and other risk factors can be found in the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the Securities and Exchange Commission, which can be reviewed at www.sec.gov. We make no representation or warranty that the information contained herein is complete and accurate and we have no duty to correct or update any information contained herein.

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