Facility Transfers, M&A Activities, Product Line Expansions, Management Changes, and Financial Updates - Analyst Notes on Corning, Revolution Lighting, Maxwell, Advanced Energy, and Sky-mobi
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NEW YORK, March 13, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Corning Incorporated (NYSE: GLW), Revolution Lighting Technologies Inc. (NASDAQ: RVLT), Maxwell Technologies, Inc. (NASDAQ: MXWL), Advanced Energy Industries, Inc. (NASDAQ: AEIS), and Sky-mobi Limited (NASDAQ: MOBI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Corning Incorporated Analyst Notes
On March 6, 2014, Corning Incorporated (Corning) announced that it will transfer the production of Corning Gorilla Glass from its manufacturing facility in Shizuoka, Japan, to its facility in Asan, Korea. The Company expects the transfer to be completed and the east side of the Shizuoka facility to be closed by June 2015. "This transfer of production reinforces Corning's belief, which we previously communicated, that the annual synergies anticipated with the acquisition of CPM can reach approximately $100 million in 2015 and potentially increase in the future. A significant portion of these synergies is expected to come from the optimization of Corning's global manufacturing footprint, as in this transfer of Gorilla Glass production to CPM announced today," said James P. Clappin, President of Corning Glass Technologies. The full analyst notes on Corning Incorporated are available to download free of charge at:
http://www.AnalystsReview.com/03132014/GLW/report.pdf
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Revolution Lighting Technologies Inc. Analyst Notes
On March 10, 2014, Revolution Lighting Technologies Inc. (Revolution Lighting) announced that it has entered into a definitive agreement to acquire Value Lighting Inc. (Value Lighting) and certain affiliates -a supplier of lighting solutions to the multifamily residential housing sector and new construction marketplace across the U.S. Under the terms of the agreement, Revolution Lighting will pay a total purchase price of $35.6 million for 100% of the outstanding equity of Value Lighting, plus $3.5 million of assumed debt. As part of the acquisition, Revolution Lighting expects to receive a minimum $9.0 million of working capital. "This is an exciting and highly complementary acquisition that will allow Revolution Lighting to penetrate new markets, including the fast growing multifamily residential housing sector, and further accelerate our overall growth as a company," said Robert V. LaPenta, Chairman and CEO of Revolution Lighting. "Value Lighting's existing and new build customers are seeking to expand into LED lighting solutions and will provide a new and significant distribution channel for our company." The full analyst notes on Revolution Lighting Technologies Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/RVLT/report.pdf
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Maxwell Technologies, Inc. Analyst Notes
On March 5, 2014, Maxwell Technologies, Inc. (Maxwell) announced that it is expanding its ultracapacitor-based Engine Start Module (ESM) product line to provide the same benefits to class 3 through 6 medium duty trucks that it has been previously offering to class 7 and 8 heavy duty diesel trucks. The Company informed that its ESM Ultra 31/900 assumes the starting responsibility for the truck and effectively eliminates cranking problems that come from weak or discharged batteries. "Maxwell's ultracapacitor-based ESM starting solutions are the best options in the market for ensuring engine start reliability while also lowering the overall cost of operations. Now, with the introduction of the ESM ULTRA 31/900, we're extending the same benefits to class 3 through 6 medium duty diesel trucks," said Jeremy Cowperthwaite, Vice President and General Manager of Engine Starting Group at Maxwell. The full analyst notes on Maxwell Technologies, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/MXWL/report.pdf
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Advanced Energy Industries, Inc. Analyst Notes
On March 6, 2014, Advanced Energy Industries, Inc. (Advanced Energy) announced that the Company's co-founder, Douglas S. Schatz, has decided to retire from the Board of Directors. According to Advanced Energy, Schatz' is retiring so as to spend more time on activities of his charitable foundations. As a result, he will not stand for re-election to the Board of Directors at the Company's 2014 Annual Meeting of Shareholders, which is scheduled to be held on May 7, 2014. The full analyst notes on Advanced Energy Industries, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/AEIS/report.pdf
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Sky-mobi Limited Analyst Notes
On February 24, 2014, Sky-mobi Limited (Sky-mobi) reported its financial results for Q3 FY 2014 (period ended December 31, 2013). During the quarter, the Company's total revenues decreased 21.6% YoY to RMB115.2 million ($19.0 million). Q3 FY 2014 net profit was RMB4.8 million ($0.8 million), compared to RMB3.8 million in Q3 FY 2013. "We are pleased that our fiscal third quarter 2014 revenues exceeded the high end of our prior guidance by approximately 15% due to our stronger than expected growth in our smartphone business. During the quarter, we realized over 763 million user visits and over 128 million downloads which helped drive our financial and operational turnaround. Having achieved an over 66% quarter-over-quarter increase in smartphone revenues, our smartphone revenues now represent over 56% of total revenues. This dramatic shift has occurred within only six months since we began the monetization of our smartphone business," said Michael Tao Song, Chairman and CEO of Sky-mobi. The full analyst notes on Sky-mobi Limited are available to download free of charge at:
http://www.AnalystsReview.com/03132014/MOBI/report.pdf
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