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AVT Updates Financial Forecast

Post n°144 pubblicato il 17 Dicembre 2012 da needynicky
 

Revised revenues forecasted at over $50 million by 2014

CORONA, Calif., Dec. 17, 2012 (CRWENewswire) -- AVT, Inc. (OTC Bulletin Board:AVTC) ( www.autoretail.com ) updated its financial guidance for the periods through 2014. The move came after the recent new orders from large customers exceeded expectations. The company's planned expansion into new markets, products and services is moving ahead of schedule.

As a leader in providing customized automated solutions to retailers, businesses, brand owners and entrepreneurs, AVT is poised to significantly increase revenues in the next 24 months.

RECURRENT REVENUE

AVT is targeting a new market niche, by both building and operating a significant number of the new automated Marley Coffee Stores. These innovative systems provide customers with the world's finest blends and a coffee-shop experience, but without the wait and at about half the cost. The company plans on deploying 1000 of these units by the end of 2013.

NEW DIVISIONS

AVT has also recently created a new division, which will be marketing and licensing AVT's patented technologies. Revenues from this division are expected to begin in 1st quarter 2013.

AVT is also creating a leasing and finance division that will enable customers to start new businesses or expand existing automated retailing operations with ease and simplicity. Revenues from this division are expected to make a notable contribution to the company's bottom line.

Accordingly, company management adjusted AVT's long-term financial guidance upward.

FORECAST

The revised financial forecast shows over $12 million in increased revenues for year-end 2013, from $14 million projected for 2012, up to $26 million in 2013, growing up to $50 million by year-end 2014.

Income is also expected to make substantial gains – up to $9 million in 2013 and $13 million in 2014.

James Winsor, CEO of AVT, Inc., stated that revised forecast is based on several factors. "We have updated our projections for 2012 based on increased manufacturing volume in 4th quarter, and are projecting significant gains in the two years to come due to our implementation of the new Marley Coffee Stores, and the revenues we will realize from our licensing and leasing divisions."

The projections, while significant, are still conservative and reflect realistic expectations of company growth, according to Winsor. "We are in the right market, at the right time, with the right products and the right services," he commented. "Our anticipated growth is happening faster than initial forecasts, but is completely in line with market conditions and demand."

For more information about AVT, please visit the website at: www.autoretail.com , or call the Investor Relations Department at: 800-240-5175

About AVT:

AVT, Inc. is a high quality leader in the automated retailing industry, offering technology solutions at 50% less than the best-known competitor.

AVT is able to work with any size company to design a custom automated retailing solution that drives traffic, increases sales, improves security, and lowers overhead. With an in-house design team, software developers, mechanical engineers and on-site manufacturing, AVT can take projects from concept to completion with speed and cost efficiency.

AVT's stock is traded through the OTC Bulletin Board Markets, Ticker Symbol: AVTC.OB.

For more information on AVT, custom vending, or the Automated Retailing Industry, visit www.autoretail.com or call the Investor Relations Department at 800-240-5175.

Disclaimer

The financial guidance above was not prepared with a view toward complying with the guidelines established by the American Institute of Certified Public Accountants with respect to prospective financial information, but, in the view of our management, was prepared on a reasonable basis, reflects the best currently available estimates and judgments, and presents, to the best of management's knowledge and belief, the assumptions on which we base our financial guidance.

However, this information is not fact and should not be relied upon as being necessarily indicative of future results, and we undertake no obligation to release publicly the results of any future revisions we may make to this financial information to reflect events or circumstances after the this press release.

Neither our independent auditors nor any other independent accountants have compiled, examined or performed any procedures with respect to the prospective financial information contained herein, nor have they expressed any opinion or any other form of assurance on such information or its achievability, and they assume no responsibility for, and disclaim any association with, the prospective financial guidance information.

Safe Harbor Statement

The following Safe Harbor Statement applies to all our press releases.

"This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "believe," "think", "should" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. The Company cautions readers not to place undue reliance on such statements. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from the Company's expectations and estimates.

Source: AVT, Inc.

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Casablanca Mining Announces Constitution of Claims

Post n°143 pubblicato il 16 Dicembre 2012 da needynicky
 

http://pennyomega.com/img/cuau.jpg

SAN DIEGO, Dec 14, 2012 (CRWENewswire) -- CASABLANCA MINING (otcqx:CUAU) announced today that its wholly-owned subsidiary, Santa Teresa Minerals, S.A., has completed the "Sentencia Constitutiva" (constitution) of mining claims Tauro 1, 2, 3 (655 acres). The Company is now authorized to solicit the exploitation of these 3 properties at Free Gold. They will continue the claim perfection process at Estero 1, 2, 3, 4, 5 (1,235 acres) and are pursuing exploitation permits from Conaf (Corporacion Nacional Forestal), Sernageomin (Servicio Nacional de Mineria y Geologia) and DGA (Direccion General de Aguas). The Company will solicit property access rights in order to begin the exploitation phase after the constitution is published in Chile.

The link below will provide photos from the property during the exploration phase in June 2012:

http://www.buyins.com/freegoldphotos.pdf

Additionally, a detailed review of the mineral exploration and development activities at the Company's Free Gold Property ("the Property") in the Marga Marga river basin can be found in the link below. The work was conducted under the supervision of Michael Thompson, HBSc, P. Geo. and Caitlin Jeffs, HSBc, P. Geo. with Fladgate Exploration and is detailed in a National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") technical report on the Property.

http://casablancamining.com/files/NI_43_101_Free_Gold_Final_Signed.pdf

The results of Santa Teresa Mineral's exploration pits program have confirmed the general location and tenor of the mineralization in 1991 pits and trenching program. Samples were taken and passed through a wash plant (sluice boxes), and weighed the gold produced from each sample. The grade associated with each sample location was observed and recorded and the sampling was extended to the bedrock whenever possible. A detailed record of this program, its results and the area covered by the sampling forms the central part of this report. These results show gold concentration ranging from 0.124 to 1.356 grams per cubic meter, and the mean values were 0.599 grams per cubic meter.

Juan Carlos Camus, CEO, said, "We will continue to explore on our Free Gold property and decide the best area to initiate exploitation on our newly constituted claims. The Company will continue to pursue constituting and perfecting all remaining claims and access rights at the Free Gold property."

Qualified Person

The Qualified Person and author for this report is Caitlin Jeffs, Vice President of Fladgate and a professional geologist in good standing with the Association of Professional Geoscientists of Ontario (APGO #1488). Ms. Jeffs has 9 years' experience in the mineral exploration industry, specializing in GIS and geological 3D modeling and program management. She completed a site visit to the property in April of 2011 and wrote portions of all sections of this report.

The report is co-authored by Michael Thompson, Fladgate's President and Principal Geologist, and a professional geologist in good standing with the Association of Professional Geoscientists of Ontario (APGO # 1521). Mr. Thompson has more than 13 years of experience in the mineral exploration industry, specializing in the structural interpretation of Archean terranes. He has written, or co-written, technical reports, including NI 43-101 compliant independent technical reports. Mr. Thompson completed a site visit to the Free Gold project in April of 2011 and contributed to the interpretations, conclusions and recommendations sections of this report.

About Casablanca Mining, Ltd.:

Casablanca Mining (otcqx:CUAU), through its wholly owned subsidiary Santa Teresa Minerals, S.A., engages in the acquisition, exploration, development, and operation of precious metal properties in South America. Its gold mining operations are based near Santiago, Chile. Santa Teresa Minerals currently has, directly and indirectly through various equity interests, mining rights in exploration projects, "Free Gold", the "Casuto Project," consisting of Los Azules 1-3, Tauro 1-6, Los Chipi 1-22 and the "New Gold Project," consisting of Los Pinos 1-30 and Teresita 1-20. These projects include more than 80 different mining and mineral exploration properties. The Company also has a 50/50 revenue-share at the now operational "Las Dichas" alluvial gold mine.

FORWARD LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results and estimates that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results or estimates expressed or implied by this press release. Such risk factors include, among others: whether Casablanca Mining can successfully execute its operating plan, including mining and exploration projects; results of exploration, project development and capital costs of mineral properties; volatility of market prices for gold, copper and copper sulfate; Casablanca Mining's ability to integrate acquired companies and technology; Casablanca Mining's ability to retain key employees; general market conditions; and other factors discussed under "Risk Factors" in its annual report on Form 10-K for the fiscal year ended December 31, 2011. Actual results may differ materially from those contained in the forward-looking statements in this press release. Casablanca Mining does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact:

Casablanca Mining, Ltd.
Thomas Ronk, President
619-717-8047
tom@casablancamining.com

SOURCE: Casablanca Mining, Ltd.

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ASML and Cymer provide transaction status update

Post n°142 pubblicato il 14 Dicembre 2012 da needynicky
 

VELDHOVEN, The Netherlands and SAN DIEGO, Dec. 14, 2012 (CRWENewswire)-- ASML Holding NV (Nasdaq:ASML) and Cymer, Inc. (Nasdaq:CYMI) today provide a status update regarding ASML's previously announced pending acquisition of all of the outstanding shares of Cymer in a cash-and-stock transaction that will entitle each Cymer stockholder to receive US$20.00 in cash and a fixed ratio of 1.1502 ASML ordinary shares per Cymer share.

Cymer has established Tuesday, 5 February 2013 as the date on which it will hold a special shareholders meeting at which the stockholders of record of Cymer as of 7 January 2013 will be asked to vote on, among other things, a proposal to approve the merger agreement, dated 16 October 2012, among ASML and Cymer and certain affiliates of ASML. The parties expect that a proxy statement/prospectus will be mailed to Cymer's stockholders in early January 2013.

In addition, ASML and Cymer indicated that they are continuing to work with various regulators. This includes responding to a request for additional information from the Antitrust Division of the U.S. Department of Justice regarding the transaction. This second request is part of the regulatory review process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. ASML and Cymer intend to continue to work with the Department of Justice and to comply promptly with this second request.

In addition to expiration or termination of the waiting period under the HSR Act, the proposed transaction remains subject to other customary closing conditions, including review by the Committee on Foreign Investment in the United States and specified international regulators and approval by Cymer's stockholders.

ASML and Cymer continue to anticipate completion of the transaction in the first half of 2013.

About the acquisition

ASML and Cymer announced on 17 October 2012 their intention for ASML to acquire Cymer and thereby accelerate the development of Extreme Ultraviolet (EUV) semiconductor lithography technology. EUV is vital to support the semiconductor industry's transition to the next manufacturing technology, which is needed to create more energy-efficient microchips with more functions at lower cost, consistent with Moore's Law.

About ASML

ASML is one of the world's leading providers of lithography systems for the semiconductor industry, manufacturing complex machines that are critical to the production of integrated circuits or chips. Headquartered in Veldhoven, the Netherlands, ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. ASML has more than 8,200 employees on payroll (expressed in full time equivalents), serving chip manufacturers in more than 55 locations in 16 countries. More information about our company, our products and technology, and career opportunities is available on our website: www.asml.com

About Cymer

Cymer, Inc. (Nasdaq:CYMI) is an industry leader in developing lithography light sources, used by chipmakers worldwide to pattern advanced semiconductor chips, and is pioneering a new silicon crystallization tool for the display industry. Cymer's light sources have been widely adopted by the world's top chipmakers and the company's installed base comprises approximately 3,750 systems. Continuing its legacy of leadership, Cymer is currently pioneering the industry's transition to EUV lithography, the next viable step on the technology roadmap for the creation of smaller, faster chips. The company is headquartered in San Diego, CA, has more than 1,200 employees on payroll (expressed in full time equivalents) and supports its customers from numerous offices around the globe. Cymer maintains a Web site to which it regularly posts press releases, SEC filings, and additional information about Cymer. Interested persons can also subscribe to automated e-mail alerts or RSS feeds. Please visit www.cymer.com

Forward Looking Statements

"Safe Harbor" Statement under the US Private Securities Litigation Reform Act of 1995: this press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, as they relate to Cymer or ASML, this transaction or the expected benefits of this transaction, involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. We use words such as "anticipates," "believes," "plans," "expects," "projects," "future," "intends," "may," "will," "should," "could," "estimates," "predicts," "potential," "continue," "guidance" and similar expressions to identify these forward-looking statements. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about the business and future financial results of ASML and Cymer, and readers should not place undue reliance on them. Actual results or developments may differ materially from those in the forward-looking statements. These forward looking statements are subject to risks and uncertainties, including the inability to obtain Cymer stockholder approval or regulatory approval for this transaction, the satisfaction of other conditions to the closing of the transaction, the possibility that the length of time necessary to consummate this transaction may be longer than anticipated, the achievement of the expected benefits of the transaction, risks associated with integrating the businesses of Cymer and ASML, the possibility that the businesses of ASML and Cymer may suffer as a result of uncertainty surrounding the proposed transaction, the expected capacity and capability developments in EUV systems, the anticipated effect of this transaction on ASML's earnings per share and EUV margins, the benefits of the DUV and IBP businesses and other risks associated with the development of EUV technology.

The foregoing risk list of factors is not exhaustive. You should consider carefully the foregoing factors and the other risks and uncertainties that affect the businesses of ASML and Cymer described in the risk factors included in ASML's Annual Report on Form 20-F and Cymer's Annual Report on Form 10-K, Cymer's Quarterly Reports on Form 10-Q, and other documents filed by ASML and Cymer from time to time with the SEC. The parties disclaim any obligation to update the forward-looking statements contained herein.

Important Information for Investors and Stockholders

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The proposed transaction will be submitted to the stockholders of Cymer for their consideration. In connection with the proposed transaction, ASML has filed a registration statement on Form F-4 with additional information concerning the transaction, including a proxy statement/prospectus. CYMER STOCKHOLDERS ARE ADVISED TO READ THESE DOCUMENTS CAREFULLY (WHEN THEY BECOME AVAILABLE) AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. The proxy statement, the registration statement, and other documents containing other important information about Cymer and ASML filed or furnished to the SEC (when they become available) may be read and copied at the SEC's public reference room located at 100 F Street, N.E., Washington, D.C. 20549. Information on the operation of the Public Reference Rooms may be obtained by calling the SEC at 1-800-SEC-0330. The SEC also maintains a website, www.sec.gov , from which any electronic filings made by ASML and Cymer may be obtained without charge. In addition, investors and shareholders may obtain copies of the documents filed with or furnished to the SEC upon oral or written request without charge. Requests may be made in writing by regular mail by contacting ASML at the following address: De Run 6501, 5504 DR, Veldhoven, The Netherlands, Attention: Investor Relations, or by contacting Cymer at the following address: 17075 Thornmint Court, San Diego, CA, 92127, Attention: Investor Relations, +1 858 385 6097.

Cymer and ASML and their respective directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies in respect of the transaction. Information regarding Cymer's directors and executive officers and their ownership of Cymer common stock is available in Cymer's proxy statement for its 2012 meeting of stockholders, as filed with the SEC of Schedule 14A on April 11, 2012. Information about ASML's directors and executive officers and their ownership of ASML ordinary shares is available in its Annual Report on Form 20-F for the year ended December 31, 2011 and will be available in the joint proxy statement/prospectus (when available). Other information regarding the interests of such individuals as well as information regarding Cymer's and ASML's directors and officers will be available in the proxy statement/prospectus when it becomes available. These documents can be obtained free of charge from the sources indicated above.

Source: Cymer, Inc.

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China Yuchai Leads Natural Gas Bus Engine Market i

Post n°141 pubblicato il 12 Dicembre 2012 da needynicky
 

SINGAPORE, Dec. 12, 2012 (CRWENewswire) -- China Yuchai International Limited (NYSE:CYD) ("China Yuchai" or the "Company"), announced today that natural gas engines produced by the Company's main operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), have been penetrating the key Shaanxi Province market in North-West China since their introduction in early 2012. GYMCL's natural gas engines have enjoyed significant demand by municipal bus, tour coach and school bus operators in various Shaanxi municipalities including Yulin, Baoji, Yan'an, Tongchuan and Hanzhong.

After the delivery of the first batch of buses using GYMCL's natural gas engines to the Bus Industry (Xi'an) Co., Ltd. in Shaanxi Province in February 2012, a number of the province's passenger transport and bus companies started to purchase GYMCL's natural gas engines for the first time. GYMCL managed to break through in Shaanxi Province by employing an active marketing campaign to publicize the advantages of GYMCL's natural gas engines such as its superior economy and power, environmental benefits and low noise levels, engaging in frequent communications with the customers to understand their needs and offering an extensive after-sales service and parts network.

GYMCL has also captured a large share of China's overall natural gas engine market and its gas engine sales for 2012 is expected to increase to 20,000 units compared with the 13,000 units sold in 2011.

The Company's expanding natural gas engine portfolio now includes models such as the YC4D, YC6B, YC6J, YC6L and YC6M ranging from 140hp to 375hp, as well as the YC4G and YC6G models ranging from 180hp to 260hp. Additionally, Dongfeng trucks powered by YC6M and YC6MK natural gas engines have begun transporting coal from Yulin in the Yuyang District of Shaanxi Province to its capital, Xi'an. GYMCL's natural gas engines are highly adaptable to meet the needs of various customers.

Benny Goh, President of China Yuchai, commented, "With the new national energy development program emphasizing natural gas coupled with the increase in fuel prices, demand for our natural gas engines is rising. Shaanxi Province's central location strongly influences purchasing trends in neighboring vehicle markets, and our success there will help to promote our sales in surrounding regions. We look forward to increasing our production capacity to further extend our leadership from diesel engines into the natural gas engine market."

About China Yuchai International

China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and sale of a wide array of light-duty, medium-sized and heavy-duty diesel engines for construction equipment, trucks, buses and cars in China. GYMCL also produces diesel power generators, which are primarily used in the construction and mining industries. Through its regional sales offices and authorized customer service centers, the Company distributes its diesel engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support. In 2011, GYMCL sold 510,777 diesel engines and is recognised as a leading manufacturer and distributor of diesel engines in China. For more information, please visit http://www.cyilimited.com

Safe Harbor Statement

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. The Company specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

For more information, please contact:

Kevin Theiss / Dixon Chen
Grayling
Tel: +1-646-284-9409
Email: kevin.theiss@grayling.com
dixon.chen@grayling.com

SOURCE China Yuchai International Limited

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Micron Extends Portfolio of Phase Change Memory fo

Post n°140 pubblicato il 11 Dicembre 2012 da needynicky
 

New PCM Solution Adds Flexibility to Address Wider Range of Application Requirements

BOISE, Idaho, Dec. 11, 2012 (CRWENewswire) -- Micron Technology, Inc. (Nasdaq:MU), one of the world's leading providers of advanced semiconductor solutions, today announced the addition of a new product to its Phase Change Memory (PCM) portfolio. With high-volume shipments of its 45-nanometer (nm), 1-gigabit (Gb) PCM-based multichip package (MCP) solution for mobile devices well underway, the company is now sampling a 512-megabit (Mb) PCM plus 512Mb LPDDR2 MCP that offers greater flexibility in terms of application requirements. The company also announced that it has been shipping 1Gb PCM to one of the world's leading mobile device manufacturers, Nokia, for use in their recently announced phones.

As the first company in the world to ship PCM solutions in volume, Micron is building on its close cooperation with chipset vendors, enablers and handset manufacturers to meet growing market demand for PCM. Nokia is using Micron's PCM solution to enrich the functionality of select devices in its portfolio.

"Nokia has always found ways to provide innovative mobile devices for its customers across the globe, and Micron's PCM for mobile enables us to enhance the performance of Asha smartphones," said Dirk Didascalou, Senior Vice President, Mobiles Phones, Nokia. "Micron is a trusted supplier, and their new technology helps create a strong user experience with a number of feature and performance enhancements."

The company's unrelenting focus on memory industry leadership and technical innovation are critical success factors to adoption of PCM solutions to-date. In addition, the design-optimizing shared interface between LPDDR2 and PCM is fully compliant with JEDEC industry standards, further advancing marketplace appeal.

PCM provides enhanced boot time, simplifies software development and boosts performance with overwrite capability. It also provides very low power consumption and extremely high reliability. Micron's 45nm PCM solution is currently targeted for utilization in mobile phones bringing enhanced capabilities, with a future roadmap aimed at addressing smartphones and media tablets.

"Micron continues to lead the charge in advanced, innovative memory solutions," said Michael Rayfield, Vice President of Micron's Wireless Solutions Group. "Our PCM product portfolio is just the latest demonstration of this innovation."

From entry-level phones to high-end smartphones and tablets, Micron supplies virtually every volatile and nonvolatile memory product utilized in wireless devices today, including NOR, NAND, PCM, LPDRAM and e.MMC(TM) embedded memory, meeting the need for increased performance, expanding storage requirements, mature technology replacement and package capability.

About Micron

Micron Technology, Inc., is one of the world's leading providers of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets a full range of DRAM, NAND and NOR flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products. Micron's common stock is traded on the NASDAQ under the MU symbol. To learn more about Micron Technology, Inc., visit www.micron.com .

(C)2012 Micron Technology, Inc. All rights reserved. Information is subject to change without notice. Micron and the Micron logo are trademarks of Micron Technology, Inc. e.MMC is a registered trademark of MultiMediaCard Association. All other trademarks are the property of their respective owners.

Contact:

Jacob Rice
Zeno Group
jacob.rice@zenogroup.com
650-315-3042

Source: Micron Technology, Inc.

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