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Lotus Lotus structure Forms Applications

further particulars of Lotus website regeneration unveiled, together with creation of current jobs | killexams.com true Questions and Pass4sure dumps

published: 11:45 12 October 2018 | up-to-date: 11:45 12 October 2018

An artists' impression of the current client suffer centre deliberate by way of Lotus at its Hethel headquarters. picture: Feilden+Mawson.

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The Hethel-based mostly carmaker unveiled a multi-million pound expansion project ultimate month, which contains the addition of a inheritance museum celebrating the 70-year history of the eminent company.

With the planning software now formally submitted, it can besides subsist printed the museum and associated museum will create a 14 current job vacancies at the web site - bar None full-time positions.

On suitable of this, the introduction of a current consumer basis structure will besides create an additional six positions, besides full-time posts.

in the meantime, documents submitted with the utility absorb revealed additional particulars of just what the investment could imply for the future of the headquarters.

The design and entry statement for the museum states it has been mainly designed to absorb gigantic windows, to permit friends no longer only to soak up the cars on screen interior, however additionally the environment.

It says: “The ratio of glazed to solid has been developed to maximise the connection between internal and out, to subsist able to view the landscape from inside the building.

“this is faultfinding for the museums as the vehicles should still predominantly subsist considered with landscape within their context.”

Even the nearby four,000m/sq structure itself has been designed with the company in mind, with the inclusion of a cover designed to create the sight of the rear spoiler of a Lotus Evora automobile.

speaking on the unveiling of the plans, community Lotus’ chief govt Feng Quinqfeng mentioned: “Hethel is, and may at bar None times be, the coronary heart of Lotus and their plans are the subsequent step in readying the web site for the next 50 years.

“Hethel is rightly the centre of the brand and what greater region for customers, aspiring owners and team of workers to event their values?”

A 2,175m/sq ‘consumer journey’ structure in the meantime is to encompass a viewing platform overlooking the site’s eminent test tune, linked to the restaurant and museum by way of a 7.2m boulevard.

The plans had been submitted to South Norfolk Council in four individual applications, one for the museum and restaurant and an additional for event base, with extra purposes so as to add a roof terrace and restructure on-website parking.


Microsoft declares current application and Messaging Migration equipment for Lotus Notes/Domino purchasers | killexams.com true Questions and Pass4sure dumps

REDMOND, Wash. — Jan. 17, 2006 — As allotment of its broader strategy to do it more straightforward for Lotus Notes/Domino agencies to tide to the Microsoft collaboration platform, Microsoft Corp. nowadays introduced a set of current and up to date tools to befriend companies anatomize their Notes/Domino software environment and trail vital software records to Microsoft’s collaboration platform. These tools, which should subsist attainable for free download, embrace the Microsoft® application Analyzer 2006 for Lotus Domino, Microsoft information Migrator 2006 for Lotus Domino, and current home windows® SharePoint® services application Templates. in addition, Microsoft introduced the immediate availability of updated messaging and calendaring migration and coexistence equipment, purchasable now for gratis down load, that encompass alternate Connector for Lotus Notes/Domino, trade Calendar Connector for Lotus Notes/Domino and Migration Wizard for Lotus Notes/Domino. Microsoft continues to subsist the collaboration platform of alternative with a whole lot of groups global, akin to Arcelor, First statistics Corp. and Wolters Kluwer, making the selection to movement in the past six months. leading traffic analyst company IDC has besides identified Microsoft because the market leader in built-in Collaborative Environments, with a fifty one p.c share, a 10 percent distance over its nearest competitor in response to 2004 income.*

“every year Microsoft invests more than $seven-hundred million (U.S.) on the workplace gadget of classes, servers and features to do unavoidable their shoppers accept essentially the most value viable from their built-in collaboration platform. these days we're responding to the strong claim we’re seeing from purchasers the exercise of Lotus Notes/Domino who're planning a transition to this platform,” pointed out Kurt DelBene, corporate vice chairman of the office Server group at Microsoft. “This announcement is a huge step in their usual approach toward assisting these valued clientele do the circulate as a way to originate to grasp competencies of their platform’s benefits.”

New tools Ease utility and Messaging Transition

Many groups are looking for information in constructing and executing on a transition project for their Lotus Notes/Domino functions. the current and up to date Microsoft equipment announced nowadays will assist shoppers anatomize and address their entertaining environments. The tools encompass birthright here:

  • Microsoft utility Analyzer 2006 for Lotus Domino. This tool, purchasable in the first quarter of 2006, will tremendously expand the manner of examining a Notes/Domino utility environment and provide a framework for making thoughts to transition these applications to the Microsoft platform.

  • Microsoft statistics Migrator 2006 for Lotus Domino. This current device, accessible within the second quarter of 2006, will enable companies emigrate information from Lotus Domino template-primarily based applications to home windows SharePoint functions utility Templates.

  • additional windows SharePoint capabilities software Templates. constructing on the success of 30 application templates launched in August 2005, Microsoft announced three current utility templates attainable today developed for purchasers the usage of equivalent Lotus Notes/Domino templates these days: discussion Database, crew Work web site and document Library.

  • updated Messaging and Coexistence equipment. To assist businesses with the transition from Lotus Notes/Domino messaging to Microsoft alternate Server, Microsoft is presenting improved performance and accelerated stability for change Calendar Connector for Lotus Notes/Domino, exchange Connector for Lotus Notes/Domino and Migration Wizard for Lotus Notes/Domino.

  • Microsoft will proceed to bring current options to assist these clients do the transition to Microsoft’s collaboration platform. as an instance, there's a identified should supply a means for customers to construct and customize workflow-enabled functions on SharePoint products and applied sciences, and Microsoft could subsist addressing this requisite within the coming months.

    shoppers and companions choose Microsoft’s built-in Collaboration Platform

    purchasers are making the strategic traffic resolution to trail to Microsoft’s collaboration platform to boost employee productiveness, sever back IT prices and enrich enterprise approaches. Arcelor, a leading player in the world steel industry, recently decided to standardize its 50,000 European users on the Microsoft collaboration platform with the majority of them poignant from Lotus Notes and MEMO. First facts Corp., which employs 32,000 americans international, announced this month that it is relocating from Lotus Notes/Domino to the Microsoft platform. during the past six months, tons of of Lotus Notes/Domino shoppers absorb begun making the tide to Microsoft’s collaboration platform. Some of these consumers encompass Adaptec Inc., basis nv/sa, BC Biomedical Laboratories, BRFkredit, CompUSA, Endsleigh, FNAC, Sanborns, SGS, Wolters Kluwer and Wonderware.

    “After an intensive evaluation of their atmosphere, they diagnosed that they might greatly sever expenses and enhance productiveness for their 18,four hundred personnel by way of replacing it with Microsoft’s integrated collaboration answer,” stated Kevin Taylor, primary architect for inner expertise Outsourcing at Wolters Kluwer.

    furthermore, global migration solution providers comparable to Casahl technology Inc ., Quest software Inc. and SourceCode Corp. supply complementary options to assist these consumers in their move. “during the last eight months they absorb seen a positive style of larger organizations opting for to movement from Lotus Notes to the Microsoft collaboration platform,” said David Waugh, vp, product management, Infrastructure administration options at Quest application. “today they are licensing their migration software at a fee averaging 50,000 seats per thirty days, which they notice as a powerful indicator of the extent of valued clientele relocating to Microsoft’s collaboration platform. clients are searching for a way to immediately and seamlessly tide to the Microsoft platform, and Quest is chuffed to give options that support them meet that need.”

    finally, functions suppliers corresponding to Avanade, Fujitsu Consulting, Infosys technologies Ltd. and Tata Consultancy functions are proposing consulting advantage. “within the remaining six months, worldwide claim for Avanade’s migration features from Lotus Notes/Domino to the Microsoft collaboration platform has more than doubled, and they call to notice that expand proceed,” stated Larry LeSueur, vice chairman of Infrastructure and protection options at Avanade. “To handle this customer need, Avanade has invested in establishing a Lotus Notes/Domino messaging and utility migration retort in line with their previous enterprise migration successes, and they are desirous to consist of Microsoft’s current equipment within the portfolio.”

    extra guidance on these tools and resources can subsist found at http://www.microsoft.com/technet/interopmigration/collaboration/default.mspx.

    situated in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in utility, capabilities and solutions that befriend people and businesses know their replete advantage.

    * supply: IDC’s international integrated Collaborative Environments 2004 supplier Shares: heat Spots found on the Expanse of ICE, June 2005

    Microsoft, home windows and SharePoint are either registered emblems or trademarks of Microsoft Corp. within the united states and/or different countries.

    The names of actual businesses and products outlined herein can subsist the emblems of their respective owners.

    be alert to editors: if you are interested in viewing more information on Microsoft, gratify consult with the Microsoft net web page at http://www.microsoft.com/presspass on Microsoft’s company counsel pages. internet links, cellphone numbers and titles absorb been correct at time of book, but may additionally on account that absorb changed. For extra suggestions, journalists and analysts may contact Microsoft’s quick Response team or other applicable contacts listed at http://www.microsoft.com/presspass/contactpr.mspx.


    Lotus, IBM Launch E-Biz Developer materials | killexams.com true Questions and Pass4sure dumps

    information

    Lotus, IBM Launch E-Biz Developer elements
  • by means of Scott Bekker
  • 06/12/2000
  • Lotus construction Corp. and IBM Corp. unveiled two current substances for software builders concentrated on collaborative technologies. The Collaboration Zone on IBM developerWorks presents purpose content material on the latest applied sciences for builders constructing open, specifications-primarily based, and move-platform collaborative options.

    additionally, Lotus (www.lotus.com) Developer community (LDN), a current Lotus useful resource site, presents builders in-depth information for structure collaborative e-business functions and a gateway to the Lotus developer community.

    LDN is a neighborhood-primarily based, self-provider e-enterprise site, which presents builders access to a significant repository of counsel on Lotus internet application items, strategy, and construction tendencies. It serves as a vacation spot for both Lotus and non-Lotus builders to accept the latest technical counsel and supplies on collaborative e-company functions, options, and traffic information.

    LDN presents technical articles and word features, online researching, and sample code, as well as technical aid.

    in addition to LDN, the current Collaboration Zone of developerWorks (www.ibm.com/developerworks) offers sample code, technical articles, skilled columns, and trade word on collaborative utility construction that makes exercise of open requirements similar to Java, XML, and Linux, in addition to open workflow and messaging requirements.

    each LDN's and developerWorks' neighborhood-based mostly guidance can besides subsist accessed free of charge. - Isaac Slepner

    in regards to the writer

    Scott Bekker is editor in chief of Redmond Channel companion journal.


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    EnSync, Inc. (ESNC) CEO Brad Hansen on Fiscal Q1 2019 Results - Earnings convene Transcript | killexams.com true questions and Pass4sure dumps

    EnSync, Inc. (NYSEMKT:ESNC) Q1 2019 Results Earnings Conference convene November 12, 2018 4:30 PM ET

    Executives

    Joe Dorame - Managing Partner, Lytham Partners

    Brad Hansen - President and Chief Executive Officer

    Bill Dallapiazza - Chief fiscal Officer

    Analysts

    Eric Stine - Craig-Hallum Capital Group

    Sameer Joshi - H.C. Wainwright & Co.

    Aaron Spychalla - Craig-Hallum Capital Group

    Operator

    Good day and welcome to the EnSync Energy first quarter fiscal year 2019 results. bar None participants will subsist in listen-only mode. [Operator Instructions] After today's presentation, there will subsist an chance to interrogate questions. [Operator Instructions] gratify note this event is being recorded.

    I would now love to turn the conference over to Joe Dorame with Lytham Partners. gratify travel ahead.

    Joe Dorame

    Thank you, Sean. reliable afternoon and welcome to the EnSync Energy Systems quarterly conference call. On the convene with me today are Brad Hansen, CEO of EnSync Energy Systems, and Bill Dallapiazza, Chief fiscal Officer.

    The EnSync Energy Systems' press release containing the first quarter fiscal 2019 results and commentary was sent out earlier this afternoon, and may besides subsist found on the company's website at www.ensync.com.

    Please grasp note of the Safe Harbor paragraph that appears at the nearby of the press release covering the company's fiscal results, and that any forward-looking statements that they do only apply as of the date made, and are subject to inherent risks and uncertainties, including those described in their annual report on profile 10-K, and should not subsist unduly relied upon.

    Except as otherwise required by the federal securities laws, the company disclaims any obligation or undertaking to publicly release any updates or revise revisions to any forward-looking statements.

    Now, I'd love to turn the convene over to Brad Hansen, CEO of EnSync Energy Systems. Brad?

    Brad Hansen

    Thank you, Joe. And reliable afternoon. I’ll originate the convene today with commentary on some of the changes taking residence in their markets and operating environment. Then Bill will cover their Q1 fiscal results and accomplishments, after which I'll provide a more minute commentary on how we’re positioned to grasp odds of the significant chance before us in the residential energy systems market.

    Since their last convene about seven weeks ago, there absorb been additional reports and indicators that the energy storage installations in the US market will not only continue to grow, but consequence so at a phenomenal rate over the next five to six years. So, I want to grasp some time today to talk about the market, how they notice it developing and how they intend to achieve success.

    We appraise that the US market was about $400 million in size on a dollar basis for 2017, approximately split between utility installations and commercial and industrial installations, with only a trace amount of residential installs.

    Before 2017, the majority of US installations were for utility frequency regulation. Their solar-plus-storage systems in Hawaii were among the first behind the meter C&I installs in the country, the first to subsist permitted in Hawaii and the first to subsist bankable and sold as PBAs to third-party fiscal investors in the US.

    This year, they appraise that the overall energy storage systems market will grow 75% compared to 2017, with about 700 million of deployment. Sizable growth, but still a relatively small market in aggregate, considering it’s spread across three totally different segments with different buyers and buying needs and motives.

    The colossal epic for 2018 is that residential energy storage system deployments absorb grown from being inconsequential in 2017 to being larger on a dollar basis than even utility systems in the first half of the year.

    The growth has surprised even the most ardent proponents of residential energy storage. There are a lot of ideas about the drivers for this growth, but it appears that a tipping point has been reached for homeowners’ wish for energy independence.

    This is why we’re so bullish on the segment and the launch timing for their EnSync Smart Home Energy System. I’ll contend their progress later in the call, but we’re very pleased that, in their current reported backlog, they already absorb $6 million for systems in the residential segment just a half a year after the product announcement, in addition to a robust pipeline of opportunities.

    Now, circling back to the overall energy storage systems market in 2019, they appraise the US market size will triple compared to 2018 to approximately $2 billion in size; then in 2020, double year-over-year to around $4 billion in size. In total, from 2019 through 2023, they believe the US market will grow at a 60% compound annual growth rate and subsist worth about $24 billion of chance over that period.

    Of this, the residential and utility markets will both subsist over $9 billion in size. Deployed megawatt hours being much bigger for utility systems, but pricing of deployed megawatt hours being much higher for residential.

    Commercial systems absorb been their core market over the last three years. The US commercial systems market will subsist the smallest of the three segments, but still worth about $5 billion from 2019 to 2023.

    The commercial systems market can subsist divided into two segments, fully integrated microgrids where PV and storage work together and dynamically operate real-time based upon multiple application requirements and structure load changes.

    This represents about 15% of the commercial systems market birthright now, by their estimate, and will grow to delineate about a third of the market by the nearby of the 2019 to 2023 period. We’re the technology leader in this portion of the market and absorb proven operational and bankable systems.

    Many of you already saw that Schneider Electric, their distributed energy resource partner, won a constrict to develop and install a microgrid at the Port of Long Beach. They anticipate a PO from them in the near future and are excited to subsist a allotment of that project in support of their effort.

    The bulk of the current commercial systems market is characterized by single application supply response or claim clipping systems that are fairly rudimentary and can either periodically permeate off the grid or PD and discharge once per day or less.

    This less knotty portion of the commercial systems market represents upside growth potential for us to enter in the coming months and they can leverage portions of their Smart Home Energy System technology to differentiate and add value versus the current competition.

    The US utility systems market is worth a miniature over $9 billion for the 2019 to 2023 period. They don't currently serve this market segment as it requires a very big balance sheet. It has poor system margins relatively and cycle times that are far too long relatively.

    Several factors are fueling the growth in commercial and residential systems, such as utility rates and rate structures; customer wish for resiliency; declining cost and energy storage systems; and for residential, the wish for energy independence that I mentioned previously.

    For example, by some reports, almost three out of every four residential consumers that consequence PV on their roof are now expressing a strong interest in including energy storage.

    So to summarize, while the US energy storage systems market has been relatively small to date, it's now in the early stages of a rapid and sustained growth period, and they absorb about $15 billion of market chance between residential and commercial energy systems through 2023 that they can pursue.

    We absorb differentiated products, technology and traffic models that enable residential and commercial clients to achieve energy independence.

    To conclude, energy is a policy driven market, including being impacted by trade policy. Most of you are likely alert that they are among the companies that are working to navigate through the current trade tensions between the US and China.

    While they largely design bar None of their systems and software platforms within EnSync in the US, their production partners for almost bar None of their product modules and components are in China, whether it subsist energy storage batteries or power electronics modules.

    There are currently tariffs in residence on solar modules and very soon for the power electronics modules that are shipped from China. It remains to subsist seen how or when this gets resolved, but they believe that any protracted tariff regime at the current level, after speaking to their supply chain partners, will likely result in manufacturers establishing operations in North America directly or in a country with a lower tariff regime.

    With that, I’ll turn the convene over to Bill to contend their Q1 fiscal year 2019 results. Bill?

    Bill Dallapiazza

    Thank you, Brad. And I would love to add my welcome to those on the call. Today, I'll travel through an overview of the fiscal results for the first quarter of fiscal 2019.

    For the first quarter, they recorded total revenue of $2.7 million compared to $2.4 million in the first quarter of fiscal 2018. Revenue in the current quarter was positively impacted by the number of PPA projects in progress. Revenue during the first quarter was largely derived from their 10 PPA contracts they absorb under construction compared to 7 PPA contracts in the year-ago period.

    As discussed on their last earnings call, they continue to suffer lower permitting in Hawaii which, based on local media reports, appears not to subsist isolated only to us.

    However, near the nearby of the first quarter and into the second quarter, they experienced some positive movement on permitting for these projects.

    Gross margin in the first quarter was 13.2% compared to 12.5% in the year-ago period. The current-quarter margin was below their expected ambit of 15% to 25%, primarily due to project blend with two key market penetrations driving 61% of revenues in the first quarter and margins between 10% and 15%.

    We anticipate uncouth margin to expand in the second quarter and the company continues to anticipate uncouth margin on future PPA sales to subsist in the ambit of 15% to 25%.

    Advanced engineering and progress expenses were $1.2 million during the first quarter compared to $1.4 million in each of the year-ago term and fourth quarter. This abate from the year-ago term was largely driven by a reduction in stock-based compensation and the winding down of the progress aspect for the EnSync Smart Home Energy System in the fourth quarter of fiscal 2018.

    SG&A expenses totaled $1.9 million during the first quarter compared to $2.3 million in each of the year-ago term and fourth quarter. This abate from the year-ago term was largely driven by reduction in legal consulting services and implementation of other cost control initiatives.

    Total advanced engineering and progress plus SG&A expenses, excluding stock-based compensation, were $2.8 million during the first quarter compared to $3.3 million in each of the year-ago term and fourth quarter. The company intends to hold spending at or below first-quarter levels during the remainder of fiscal 2019.

    Stock-based compensation was $300,000 during the first quarter compared to $400,000 in each of the year-ago term and fourth quarter.

    Net loss attributable to common shareholders for the first quarter was a negative $2.9 million or $0.05 per basic and diluted share compared to a negative $4 million or $0.07 per basic and diluted share of the year-ago period.

    Estimated backlog value for PPA projects, components and systems as of the date of this convene is $13.8 million. They remain very confident in their current pipeline, in particular their residential pipeline and their aptitude to monetize it.

    On a quarterly basis, their near-term goal is to grow product signings from the low-single digits a quarter to double-digits, while quarter-to-quarter fluctuations in constrict signings and, in turn, revenues should subsist expected due to the tolerable selling cost of their projects. Overall lumpy nature of their traffic and the typical quarterly puts and takes, constrict signing is and will subsist one of the benchmarks that they exercise internally to measure their near-term progress.

    In terms of their balance sheet, their cash and cash equivalents at September 30, 2018 was $3 million, which was comparable to the balance at June 30, 2018.

    We exercise cash in operating activities of $2.6 million in the first quarter compared to a usage of cash of $2.8 million in the year-ago term and $2.1 million in the fourth quarter.

    The first quarter was negatively impacted by working capital changes related to inventory procurement and timing of investor milestones. They will continue to evaluate financing options in the future as they grow and shift their traffic to a residential-centric model.

    We continue to gain traction with their operational execution in the second quarter of fiscal 2019 and believe that current cash and cash equivalents, cash flows from existing and future projects in their backlog and pipeline, and potential financing available to us in the future will provide sufficient cash for at least the next five quarters.

    With that, I will turn the convene back over to Brad.

    Brad Hansen

    Thanks, Bill. They talked a few weeks ago about some of the key product differentiators they absorb with the EnSync Smart Home Energy System. We’re pleased with the early traction we’re getting the market. And as I stated earlier, we've already netted about $6 million in contracts by about the time they ship the first system.

    We’re getting powerful feedback on their product from PV developers and installers for the value they bring and the unmatched modularity and capability.

    Our goal is to bring energy independence to the homeowner. To consequence so, we’ve developed a product that can not only seamlessly integrate the PV and energy storage into the home energy supply, but we've besides – but we’re besides managing the claim or load of the home with capability to shape energy utilization of water heaters and other major appliances. Their is the first valid smart home energy system available for the residential market.

    Energy can subsist prioritized, scheduled, automatically managed, bar None according to the owner's decisions and machine learning in the home. They thought of solutions for even many relatively nuanced occurrences that can grasp residence with a home, love the utilities sending a signal to your PV system to curtail or sever the output, a very true scenario in the near future and a phenomenon that already occurs in the commercial systems segment.

    Our Smart Home Energy System can actively sense that signal occurring; and instead of cutting back the PV generation, automatically disconnects from the grid, so you can dash your PV at maximum output until the utility stops the curtailment signal or until the home load requires the utility power to meet the demand, whereupon the system will automatically reconnect to the grid.

    So, we’ve gone well beyond providing resiliency during an outage. They absorb a complete solution for the energy independence that consumers installing renewables on their homework are craving.

    As they stated in the September call, we’re focused on two different segments in the residential energy system market. The first is property developers, homebuilders and HOAs for multifamily properties or communities.

    We've achieved quick traction in this channel due to their aptitude to link the energy assets of individual residential units into a peer-to-peer network behind the respective utility meters.

    We effectively create a community microgrid where excess energy from any unit can subsist exported into a DC link rather than out to the utility grid, then utilized by others in the network that absorb claim that cannot subsist supplied by their PV or batteries.

    This is game-changing capability because it radically increases the efficiency and utilization of the generation across the overall network and allows optimization to subsist done at the aggregated population rather than unit by unit.

    Each unit can subsist metered, so you know exactly how much energy a resident is exporting or importing from the DC link.

    Our backlog includes the Keahumoa residence installation currently under construction. This will subsist the first valid Peer-to-Peer property in the United States where energy is exchanged on a physical link that is bankable and sold to a third-party fiscal investor.

    There are another half-dozen multifamily property opportunities in their near-term pipeline that are targeted for Peer-to-Peer energy exchange installations, with at least one of these sets assigned soon.

    Beginning in 2020, California will require bar None current properties to subsist zero net energy, import they must install renewable energy love PV to bear at least as much energy as they consume.

    Our Smart Home Energy System used in a peer-to-peer network can enable these current developments to implement renewables in the most economical way viable and to achieve energy independence across the community.

    California will require zero net carbon homes dawn in 2045, but, surprisingly, there are already developments in progress that want to achieve the status much sooner. They provide a key enabling solution for this policy to become reality.

    The second segment of the residential market for us is individual family homes. They intend on accessing this market by structure a developer network. It will grasp us some time to build out these channels, but it is underway and we’re getting very positive feedback on their product that it’s the only product in the market that provides the complete solution for home energy management.

    We’ll originate shipping 20 systems to channel partners starting in January that will allow them to qualify their product as one of their offerings.

    At present, their Holu Energy team in Hawaii is qualifying additional opportunities that will travel into their residential project pipeline.

    We set a goal for fiscal year of having at least $15 million of signed deals in residence for multifamily residential properties at the nearby of June 2019. We’re nearly halfway to achieving this goal so far this year.

    We’re besides targeting to achieve initial residential segment revenue in the next two to three months. By their fiscal year 2020, they anticipate their residential segment traffic to subsist larger than their commercial systems traffic based upon the towering growth rate of the market and their heavily differentiated product, enabling reliable traction in that market.

    Our early target states are Hawaii, California, Arizona and Nevada, states where there is already proven market and consumer wish for the energy independence they provide.

    I'd love to nearby by briefly mentioning a few key other accomplishments since their September call. As you saw this morning, they sold their HPU Ocean Pacific PPA. This is the third installation that we’ll absorb constructed with Hawai'i Pacific University, and we’re delighted that they’ve partnered with us to bring renewable energy to the Aloha Tower and Ocean Institute properties.

    As I mentioned, they anticipate to receive a PO from Schneider Electric in the near future for the Port of Long Beach project.

    Finally, they submitted six sites in Illinois into ComEd for interconnection approval. The queue is relatively long and we’ll provide more information on their efforts there as things progress.

    We besides continue to reduce operating expenses, while besides supporting the execution and growth of the business. And as Bill stated, operating expenses were about $600,000 less in Q1 compared to the year-ago quarter.

    Our margin was impacted this quarter because they had two installations where they elected to grasp a lower margin for strategic penetration purposes almost a year ago. These made up a significant amount of their revenue in Q1; and in Q2, they anticipate to notice a revert to the margins of recent quarters.

    This is a truly powerful time for EnSync and we’re extremely excited about the energy storage systems growth coming in the US market, especially in the residential market segment where their EnSync smart home energy system breaks current ground in providing the energy independence consumers are seeking.

    We appreciate you calling in today and I'm blissful to now grasp your questions. Sean?

    Question-and-Answer Session

    Operator

    [Operator Instructions]. Their first question comes from Eric Stine with Craig-Hallum. gratify travel ahead, Eric.

    Eric Stine

    Hi, Brad. Hi, Bill.

    Brad Hansen

    Hi, Eric.

    Eric Stine

    Just wondering if they could start with the microgrid project at Long Beach with Schneider. I know it's early. You're waiting on the PO. But just anything you can share there about how long you anticipate that to last and then –

    Brad Hansen

    Hi, Eric. Did they lose you?

    Operator

    It appears that Eric has by some means dropped. If you would love to reenter the question queue, gratify press star then one and they can add you back.

    Brad Hansen

    I deem they dropped the queue actually. Anyway, hoping Eric can still hear what they have. Maybe, Sean, you can check why the queue dropped.

    Eric, I deem on the first question with Schneider, their constrict is being negotiated with DGS, which is the state agency that is in permeate of any state projects and grant-based contracts. So, for DGS, they know from their suffer on CAL FIRE, sometimes that process can grasp two to four months. And it's basically just dotting bar None the Is and crossing bar None the Ts. So, my expectation, since they got this award about a month ago, is that we’ll notice something from them within the next pair of months, maybe the next two months. But, ultimately, they've got to accept their constrict complete with the Department of common Services in California.

    Maybe, Sean, can they travel to Eric again. He’s in the queue.

    Operator

    Eric Stine, you are now being rejoined as the question asker.

    Eric Stine

    Yeah. I don't know what happened there. So, thanks for getting me back in. But just nosy about the pipeline beyond that. Obviously, Schneider has got bigger plans and I know that the timing of this initial one is tough. But how consequence you sight at what this could become or what Schneider’s ultimate goals?

    Brad Hansen

    Yeah. I deem overall in the market – as I mentioned earlier, that portion of kindhearted of the towering complexity market that's associated with microgrids, they think, it'll grow from about 15% of the commercial systems market to about 30% or a third over the next five years.

    What's driving that or what has caused it not to grow as much today is grid services and utility roadmaps that rewards you for powerful service participation, but that's going to change. There's no doubt that's going to change, and that's why they deem the market is going to about a third for microgrids versus kindhearted of simple supply response systems.

    We’re working with Schneider on early opportunities to capitalize on their technology in that portion of the market. It will travel up from here, and there is a number of opportunities that we’re working together.

    Without committing to the next order after this, I will expose you the teams are working together on a number of opportunities and we’re ardor very reliable about the relationship at this point.

    Eric Stine

    Okay, good. Maybe just turning to the home energy systems, I'm just nosy what you're seeing from utilities on this. I know you talked about a colossal backlog and talked about that you think, eventually, it’s bigger than C&I and I would deem some forward-looking utilities might embrace this, while there is fight against it tooth and nail. Just kindhearted of nosy how you notice that playing out over the next pair of years.

    Brad Hansen

    Yeah. It’ll subsist different in each market. And in some cases, I deem the utilities will embrace it because we’ve potentially solved a colossal problem. And in some cases, they may absorb to appeal to the regulator to consequence the DC link.

    What I will expose you is we’re pretty ardor strong about the chance to link the assets in Hawaii. We’re doing over the next pair of months an early system that will dash through permitting in California. And so, they just absorb to consequence that location by location because the rules are different, obviously, state-by-state. And even in California, while the colossal three generally absorb the very set of rules, there's kindhearted of some different tweaks involved across the colossal three.

    So, they just absorb to travel location by location and accept that approval done. And that's how they intend to travel forward. And love I said, we’ll subsist going through that process in California soon.

    Eric Stine

    Got it. Okay. last one for me. Just the shipment to the customer in the Midwest, I know last convene you thought that, by now, you may subsist able to share something. So, just wondering if you are able to on this call.

    Brad Hansen

    No. Three parties are involved in an opportunity, and so we’ll consequence a three-party release. They anticipate that to happen in the near future. They consequence absorb the PO. That system will ship later in the fiscal year. But as far as the press release and publicly stating where the chance is, they absorb to wait until bar None three parties – the timing is birthright for bar None three parties to subsist able to consequence that. I don't deem it's going to grasp that much longer, but that's the process they absorb to travel through.

    Eric Stine

    Okay, thanks a lot.

    Brad Hansen

    Thanks, Eric.

    Operator

    [Operator Instructions]. Their next question comes from Sameer Joshi with H.C. Wainwright. gratify travel ahead.

    Sameer Joshi

    Hey, Brad. Hey, Bill. Thanks for taking my question.

    Brad Hansen

    Hi, Sameer.

    Sameer Joshi

    So, just a clarification on one sentence in your press release about 27 commercial projects accounting for more than $42.8 million in electricity sales. Is the $42.8 million amount outstanding PPA value or is this the total value of bar None the commercial systems sold so far?

    Bill Dallapiazza

    I deem you're birthright on the latter. That's the value of electricity those systems will provide over the life of the PPA.

    Sameer Joshi

    Oh, okay. Thanks for that. In terms of backlog, I deem the previous caller alluded to it. It went down from 16.4 to 13.8. And during the quarter, you absorb delivered around $2.7 million. So, you did mention a microgrid installation in Ohio that you've got a purchase order for. Were there any other purchase orders during the quarter that are not included in this backlog?

    Brad Hansen

    Well, that backlog was as of seven weeks ago. So, we’re really looking at what orders absorb been consequence over the seven-week period. And it's a lumpy business. We've got a few orders that they deem are imminent, but they just haven't gotten them in the last seven weeks. So, it's by far of a factor of the timing and that their last convene was fairly recent.

    Sameer Joshi

    Oh, okay. So, maybe this next question besides may subsist sort of similar. You had mentioned on the last convene that you had six sites in Illinois, six parcels of land. And then, in this press release, you again mentioned another six. Is it additional six that you are expecting during 2018?

    Brad Hansen

    It's the very six we’ve made their way to closing on land options to putting those in the interconnect here with ComEd. So, the way this works is you've got to accept the interconnect approval and then you can travel apply to the program. So, that's where we’re at and they can't really consequence too much to propel ComEd along. But we’ll definitely reserve everybody updated as to progress on those.

    Sameer Joshi

    Oh, okay. Just one more on the residential system. What is the tolerable purchase order size for, say, a multifamily or a home developer order?

    Brad Hansen

    That's a really reliable question. The ambit is really wider than it is for their commercial systems business. So, for example, I deem at the low-end, they might consequence some projects that are half a million dollars type of size. And in some cases – I’ll kindhearted of approach back if I can to what goes into the projects and what potential things we’re providing. But I would say, at the low-end, we’re around $0.5 million. At the high-end, they could subsist $10 million. So, multiples of what their typical commercial system installation is. So, there's housing developments that we’re talking, a dozen units. And there's ones that we’re talking to that at replete buildout will subsist 1,700 units. Those are the extremes. So, the ambit can subsist pretty big.

    As far as an tolerable selling price, it's hard to peg that at this point, but I’d Say we’re going to subsist in the $1.2 million to $2 million as an tolerable selling cost for the multifamily developments. But, again, the variance could subsist pretty big.

    In some cases, what we’re providing is a lot more than what they consequence for the commercial system. So, for example, Hawaii provides a separate credit for solar water heaters. Now, because of what they can consequence integrating the water heater load into each of the individual units, they can actually pull those in and consequence those in their package, so we’re actually capable of doing water heaters for every unit and having that value in their system underneath the overall constrict across the property. So, this feeling of being able to manage the entire energy of that unit, whether it's the supply allotment of the equation or the claim allotment of the equation, is a pretty colossal deal. So, we’re expanding their scope basically in those types of properties to really subsist a smart home energy system and everything that that entails.

    Sameer Joshi

    Oh, okay. Just to follow-up on that, the Peer-to-Peer energy exchange capability, has that been approved in Hawaii. And you previously said you're working on a case-by-case basis in California. So, Hawaii, consequence you already absorb the approval?

    Brad Hansen

    We absorb the interconnect application and they absorb an feeling around that application that gives us very towering self-confidence that there won’t subsist issues.

    Sameer Joshi

    Okay, great. Thanks. I will grasp my questions offline.

    Brad Hansen

    Okay. Thank you, Sameer.

    Operator

    [Operator Instructions]. Their next question comes from Aaron Spychalla with Craig-Hallum. gratify travel ahead, Aaron.

    Aaron Spychalla

    Yeah. Hi, guys. My question is already answered. Thanks.

    Brad Hansen

    Okay. Thank you, Aaron.

    Operator

    At this time, there are no further questions in the question queue. This will now conclude their question-and-answer session. I would now love to turn the conference back over to Brad Hansen for any closing remarks.

    Brad Hansen

    Thank you, Sean. Thank you for everyone participating on the convene today. The market environment for their products and services continues to subsist positive, driven by a shifting of energy production blend from carbon-emitting sources to renewable sources, and by increasingly benign economics for solar energy, energy storage and combined solar-plus-storage systems for self-generation.

    We’re pleased with their progress, especially in the residential energy system segment and the traction we’re getting with their Smart Home Energy System. The inflection point for self-generation and energy independence has been reached with the floodgates of chance truly open, especially in the residential energy systems segment.

    There are few markets that absorb sustained growth above 30% compound annual growth rate. Even markets above 20% CAGR are considered towering growth. The US market for energy storage systems will grow at a phenomenal 60% CAGR through 2023 and they sight forward to being a key player in this megatrend market.

    We sight forward to speaking with you again after the current quarter. Thank you again for your support and interest in EnSync Energy Systems.

    Operator

    The conference has now concluded. Thank you for attending today's presentation and you may now disconnect.

    SeekingAlpha

    IBM Opens current York Bluemix Garage for Cloud Blockchain Application progress | killexams.com true questions and Pass4sure dumps

    IBM on Tuesday announced a current Bluemix Garage in current York, located at Galvanize’s newly launched current York campus in SoHo. This enables developers and enterprises to work with IBM Blockchain code in the cloud.  As with IBM's other garages in San Francisco, London, Nice and Toronto, the current York Garage will invite startups and enterprises to collaborate in a creative environment outside of their traditional office setting.

    IBM is ramping up its efforts to become one of the top players in the emerging sector of distributed ledger technology. The company is a key member of Linux Foundation’s Hyperledger Project, a collaborative pains started in December to establish, build and sustain an open source non-Bitcoin blockchain. In February, Bitcoin Magazine reported that IBM was deploying a Blockchain as a Service (BaaS) for developers and making tens of thousands of lines of code available to the Hyperledger Project. In April, IBM announced current cloud services based on the company’s Hyperledger code and IBM’s cloud platform, Bluemix.

    Bluemix, on which more than 120,000 apps are launched every month, is becoming one of the largest open, public cloud deployments in the world. Based in open standards, it features more than 140 tools and services spanning categories of colossal data, mobile, Watson, analytics, integration, DevOps, security and the Internet of Things (IoT).

    To promote its Bluemix cloud services for blockchain development, the company launched a “Bluemix Garage for blockchain” initiative to “deliver traffic solutions that work” by combining industry expertise with blockchain technology along with proven progress methodologies such as Design Thinking and Agile Development. IBM intends to deploy Bluemix garages in major cities worldwide as hubs where developers, product managers and designers can approach together to build on Bluemix. The IBM garages will subsist open to local companies to visit, interrogate questions to IBM experts and notice demonstrations of traffic solutions built on the “blockchain fabric” from the Linux Foundation Hyperledger project.

    The blockchain garages will absorb a business-oriented, as opposed to technology-oriented, approach. “We will warrant IBM’s Blockchain point of view in traffic terms, avoiding technical gobbledygook,” states IBM. “We contend what blockchain can and cannot consequence for business. They will animate a dialogue (we don’t love monologues!) to do sure they are on the very page.”

    The feeling is to persuade potential clients to reckon on IBM for blockchain technology progress and deployment: “If they conclude they are on the very page, they can talk logistics to accept the customer hands-on with blockchain.”

    “Galvanize has been a powerful home and ally for IBM’s groundbreaking Bluemix Garage on their San Francisco campus, and they are excited to bring that partnership to current York City,” said Jim Deters, co-founder and CEO of Galvanize. “Having IBM’s Garage in current York City, within the Galvanize community, allows their strong network of developers and startups to leverage the power of the cloud and the expertise of IBM to competitively innovate products and apps in the growing fintech and blockchain spaces.”

    The IBM press release notes that masses of developers, growing by 20,000 a week and projected to attain a global population of 25 million by 2020, are increasingly using Bluemix garages to tap into IBM Cloud APIs for blockchain technology, cognitive computing, IoT, unstructured data, social media and more to swiftly build and launch innovations.

    According to IBM, blockchain networks will vaporize current frictions in the economy that are inhibiting traffic growth, propelling the movement of capital and exchange of value. The company is besides announcing a current blockchain project developed, in partnership with IBM’s garage network worldwide, by Mizuho fiscal Group in Tokyo.

    “Mizuho will explore how payments can subsist instantaneously swapped, potentially leading to current fiscal services based on this rapidly evolving technology,” notes the current IBM press release.

    Mizuho fiscal Group announced that it is collaborating with the IBM Garage in Tokyo to find out how payment settlements could subsist implemented near-instantaneously using the codebase developed by IBM for the Hyperledger project. The project will exercise a virtual currency pegged to the yen, developed by Mizuho. With this project, Mizuho expects to better understand how payment settlements can subsist efficiently streamlined in a private, secure and permissioned blockchain network, with better tracking and control of the exchange of funds.

    IBM eminent that this is one of several ways the bank is exploring the exercise of blockchain and creating a platform across the bank using the Linux Foundation Hyperledger code. They added that Mizuho is gaining self-confidence in the exercise of IBM’s distributed ledger technology and sharing results with other Hyperledger members.

    “In this test, Mizuho will study the feasibility of blockchains with virtual currency in settlement traffic using the advanced applications progress support service IBM Garage provided by IBM Japan,” notes the Mizuho press release. “IBM Japan will support Mizuho structure a common platform to reform its progress style such as designing and developing traffic applications using blockchains, with Mizuho's suffer in system developments and IBM Japan's lore in global traffic services across various industries.”

    Images via IBM, Galvanize



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