Press Releases

HOD HASHARON, Israel, November 11 /PRNewswire-FirstCall/ -- Allot Communications Ltd. (NASDAQ: ALLT), a leader in IP service optimization solutions based on deep packet inspection (DPI) technology, today reported continued improvement in its quarterly results with the announcement of its financial results for the third quarter ended September 30, 2009.

    Key highlights:

    - Third quarter revenues totaled $10.8 million, representing an 8%
    increase over the second quarter of 2009

    - Non-GAAP loss continues to decline, with third quarter non-GAAP net
    loss totaling $0.2 million, or $0.01 per basic and diluted share, from
    $0.4 million, or $0.02 per basic and diluted share, in the second quarter
    of 2009, and from $1.6 million, or $0.07 per basic and diluted share, in
    the third quarter of 2008

    - As of September 30, 2009, cash, cash equivalents, deposits and
    investments in marketable securities totaled $52.8 million

    - To date, total orders of $12.6 million received from a global
    Tier 1 mobile operator under a frame agreement

Total revenues for the third quarter of 2009 reached $10.8 million, a 10% increase from the $9.8 million of revenues reported in the third quarter of 2008 and an 8% increase from the $10.0 million of revenues reported in the second quarter of 2009. On a GAAP basis, net loss for the third quarter of 2009 was $2.3 million, or $0.10 per share (basic and diluted). This compares with a net loss of $9.0 million, or $0.41 per share (basic and diluted), in the third quarter of 2008, and a net loss of $1.0 million, or $0.05 per share (basic and diluted), in the second quarter of 2009.

On a non-GAAP basis, excluding the impact of share-based compensation, auction-rate securities (ARS) devaluation, certain legal expenses and amortization of acquired core technology, net loss for the third quarter of 2009 totaled $0.2 million, or $0.01 per share (basic and diluted), as compared with a non-GAAP net loss of $1.6 million, or $0.07 per share (basic and diluted), for the third quarter of 2008 and a non-GAAP net loss of $0.4 million, or $0.02 per share (basic and diluted), for the second quarter of 2009. These non-GAAP measures should be considered in addition to, and not as a substitute for, comparable GAAP measures. A full reconciliation between GAAP and non-GAAP net loss is provided in the accompanying Table 2. The Company provides these non-GAAP financial measures because it believes that they present a better measure of the Company's core business and management uses the non-GAAP measures internally to evaluate the Company's ongoing performance. Accordingly, the Company believes that they are useful to investors in enhancing an understanding of the Company's operating performance.

"Allot's growth continues to be driven primarily from its leadership position in the mobile market," commented Allot President and CEO Rami Hadar. "Since we initially announced the frame agreement with a Tier 1 mobile operator group , we have received an additional $7.6 million in orders, bringing total orders from this customer to approximately $12.6 million to date. Our ability to provide a solution that enables mobile operators to meet the rapidly increasing demand for data services, coupled with our expertise in implementing complex, large scale projects have been key factors for Allot's success in this market.

"During the quarter we began receiving orders for the two newest members of our wide range of product offerings. The new Sigma, our next generation service gateway platform, offers higher throughput and full flexibility in introducing revenue generating services to subscribers. The AC-5000 provides an optimal solution for bandwidth maximization and managed services for both large enterprise and small service providers," concluded Hadar.

    Recently, the Company achieved the following significant goals:

    - Successfully implemented the first phase of the large Tier 1 mobile
    operator deployment;

    - Received approximately $7.6 million in follow-on orders to date for
    next phase of Tier 1 project;

    - Received initial orders for its new Sigma and AC-5000 products; and

    - During the quarter, concluded 11 large deals with service providers, of
    which 2 represented new customers and 9 represented expansion deals.

As of September 30, 2009, cash, cash equivalents, deposits and investments in marketable securities totaled $52.8 million. Recent external valuations showed a major decrease in value of one ARS in the Company's portfolio as of the end of the third quarter. Other ARS valuations, showed only a slight increase or decrease in value. As a result, the Company recorded a net impairment charge of $1.4 million in its statement of operations on a GAAP basis, in respect of ARS, the devaluation of which is considered "other than temporary", and an unrealized net loss of $0.2 million to other comprehensive income in its shareholders' equity, leaving the Company with a total book value of $13.8 million in ARS at the end of the quarter. To date, all ARS are current on their respective interest payments.

Conference Call & Webcast

The Allot management team will host a conference call to discuss its third quarter 2009 earnings results today at 8:30 AM EST, 3:30 PM Israel time.

To access the conference call, please dial one of the following numbers: US: 1-866-966-5335, International: +44-20-3003-2666, Israel: 1-809-216-213.

A replay of the conference call will be available from 12:01 am EST on November 12, 2009 through December 12, 2009 at 11:59 pm EST. To access the replay, please dial: +44-20-8196-1998, access code: 650204#.

A live webcast of the conference call can be accessed on the Allot Communications website at http://www.allot.com. The webcast will also be archived on the website following the conference call.

About Allot Communications

Allot Communications Ltd. (NASDAQ: ALLT) is a leading provider of intelligent IP service optimization solutions. Designed for carriers, service providers and enterprises, Allot solutions apply deep packet inspection (DPI) technology to transform broadband pipes into smart networks. This creates the visibility and control vital to manage applications, services and subscribers, guarantee quality of service (QoS), contain operating costs and maximize revenue. Allot believes in listening to customers and provides them access to its global network of visionaries, innovators and support engineers. For more information, please visit http://www.allot.com.

Safe Harbor Statement

Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the Company's plans, objectives and expectations for future operations. These forward-looking statements are based upon management's current estimates and projections of future results or trends. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These factors include, but are not limited to: changes in general economic and business conditions and, specifically, a decline in demand for the Company's products; the Company's inability to develop and introduce new technologies, products and applications; loss of market; and other factors discussed under the heading "Risk Factors" in the Company's annual report on Form 20-F filed with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

                                   TABLE - 1
                          ALLOT COMMUNICATIONS LTD.
                             AND ITS SUBSIDIARIES
                   CONSOLIDATED STATEMENTS OF OPERATIONS
      (U.S. dollars in thousands, except share and per share data)

                             Three Months Ended           Nine Months Ended
                                  September 30,             September 30,
                               2009         2008         2009          2008
                                   (Unaudited)                (Unaudited)

    Revenues                $ 10,843      $ 9,819     $ 30,221      $ 27,539
    Cost of revenues           2,977        2,618        8,287         7,248
    Gross profit               7,866        7,201       21,934        20,291

    Operating expenses:
    Research and
    development costs, net     2,350        2,889        6,857         9,109
    Sales and marketing        5,302        4,751       14,559        15,271
    General and
    administrative             1,311        1,702        4,170         4,811
    In - process
    research and
    development                    -            -            -           244
    Total Operating
    expenses                   8,963        9,342       25,586        29,435
    Operating loss            (1,097)      (2,141)      (3,652)       (9,144)
    Financial and other
    expenses, net             (1,151)      (6,788)      (2,363)       (8,247)
    Loss before income
    tax expenses              (2,248)      (8,929)      (6,015)      (17,391)
    Income tax expenses           21           36          137           137
    Net loss                  (2,269)      (8,965)      (6,152)      (17,528)

    Basic and diluted
    net loss per share       $ (0.10)     $ (0.41)     $ (0.28)      $ (0.79)

    Weighted average
    number of shares
    used in computing
    basic and diluted
    net
    loss per share        22,214,563   22,063,367   22,118,241    22,049,750


                                       TABLE - 2
                              ALLOT COMMUNICATIONS LTD.
                                AND ITS SUBSIDIARIES
    RECONCILATION OF GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS
                 (U.S. dollars in thousands, except per share data)

                                   Three Months Ended      Nine Months Ended
                                     September 30,           September 30,
                                  2009        2008        2009         2008
                                      (Unaudited)             (Unaudited)

    GAAP net loss as
    reported                   $ (2,269)   $ (8,965)   $ (6,152)   $ (17,528)

    Non-GAAP adjustments
    Expenses recorded for
    stock-based compensation
        Cost of revenues             33          11          86           41
        Research and development
        costs, net                   87          84         265          240
        Sales and marketing         254         112         560          402
        General and administrative  231         216         810          637

    In-process research and
    development                       -           -           -          244
    Expenses related to a law suit    -         151           -          197

    Core technology
    amortization - cost of
    revenues                         31          30          89           88
    Total adjustments to
    operating loss                  636         604       1,810        1,849
    Impairment of auction
    rate securities
         Financial and other
         expenses, net            1,448       6,771       3,023       10,206

    Total adjustments             2,084       7,375       4,833       12,055

    Non-GAAP net loss            $ (185)   $ (1,590)   $ (1,319)    $ (5,473)

    Non- GAAP basic and
    diluted net loss per
    share                       $ (0.01)    $ (0.07)    $ (0.06)     $ (0.25)


                                     TABLE - 3
                             ALLOT COMMUNICATIONS LTD.
                              AND ITS SUBSIDIARIES
                            CONSOLIDATED BALANCE SHEETS
                            (U.S. dollars in thousands)

                                                 September 30,   December 31,
                                                     2009            2008
                                                 (Unaudited)      (Audited)

                   ASSETS
    CURRENT ASSETS:
    Cash and cash equivalents                     $ 36,667        $ 40,029
    Short term deposits and restricted deposits      2,320           2,121
    Trade receivables                                7,992           6,163
    Other receivables and prepaid expenses           2,619           1,959
    Inventories                                      5,633           4,259
    Total current assets                            55,231          54,531

    LONG-TERM ASSETS:
    Marketable securities                           13,764          15,319
    Severance pay fund                               3,407           3,402
    Other assets                                       421             874
    Total long-term assets                          17,592          19,595

    PROPERTY AND EQUIPMENT, NET                      5,192           4,970
    GOODWILL AND INTANGIBLE ASSETS, NET              3,667           3,755

          Total assets                            $ 81,682        $ 82,851

         LIABILITIES AND SHAREHOLDERS' EQUITY
    CURRENT LIABILITIES:
    Trade payables                                 $ 3,901         $ 2,902
    Deferred revenues                                5,217           4,475
    Other payables and accrued expenses              6,277           6,466
    Total current liabilities                       15,395          13,843

    LONG-TERM LIABILITIES:
    Deferred revenues                                2,046           2,293
    Accrued severance pay                            3,410           3,536
    Total long-term liabilities                      5,456           5,829

    SHAREHOLDERS' EQUITY                            60,831          63,179

      Total liabilities and shareholders' equity  $ 81,682        $ 82,851


    Investor Relations Contact:
    Jay Kalish
    Executive Director Investor Relations
    International dial +972-54-221-1365
    jkalish@allot.com

SOURCE Allot Communications Ltd.

High Performance 155GHz SiGe BiCMOS Process Chosen over Traditional GaAs Used in Phased Array Radar

LONDON & NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Phasor Solutions, a developer of high performance phased array antennas for satellite communications and radar applications, and TowerJazz, the global specialty foundry leader, today announced Phasor has selected TowerJazz's high performance SiGe BiCMOS process to manufacture its innovative transceiver chipset for mobile broadband service on moving platforms such as trains, manned and unmanned airplanes, and military vehicles. To achieve this service, satellite communications will be enabled by a phased array containing multiple transceiver ICs residing within an array of connected 8x12 inch flat panels which together function as a high gain satellite dish and related electronics. Phasor's initial target is wireless internet access on trains, an estimated available market of about 625 million users a year worldwide according to BWCS, a London-based firm that studies the telecommunications industry.

Phasor chose TowerJazz's 155GHz SiGe BiCMOS process over traditional GaAs solutions used in phased array radar due to its ability to operate in the required 12GHz to 15GHz band and for its integration capabilities allowing for multiple analog and digital functions to be integrated into a single chip. As a result, the process enables a reduction in component count, cost and complexities associated with multiple discrete devices. In addition, due to the expected market demand for this transceiver chipset, proven high volume manufacturing capability was a necessary condition for a foundry partner.

By using phased array antennas and adjusting the relative phase of the signal received by (or transmitted from) each antenna element, it is possible to electronically steer the beam to point precisely in a given direction and to dynamically adjust the beam direction to compensate for movements of the antenna or satellite. Phasor's first high gain antennas are designed for the roofs of trains. These antennas, working at Ku-Band, are 3 cm high. Phasor offers a conformal, modular and low height antenna design, a 10x cost reduction versus conventional phased array antennas, and robust and scalable production capabilities.

The SBC18HX process offered by TowerJazz includes high performance 0.18-micron SiGe Bipolar and high quality passive elements combined with high density 0.18-micron CMOS, well-suited for high-speed networking and millimeter wave applications. This leading edge process achieves an Ft of 155GHz and an Fmax of 200GHz, an optimal choice for a variety of high frequency applications. Six layers of metal are standard with deep trench and metal resistor options.

"We chose TowerJazz for the manufacture of chipsets for our high performance phased array antennas due to the features of its SiGe BiCMOS process which met our high frequency requirements and is ideal for this type of application. This specialty technology, together with advanced design kits and high volume manufacturing capability proved to be a winning combination for us," said Vito Levi D'Ancona, Chief Executive Officer, Phasor Solutions.

"We are excited to be an enabler for this innovative technology which addresses the need for high data rate communications and satellite-based systems for mobile broadband solutions on trains and in the future, airplanes. We continue to push the performance limits of silicon-based technology to provide a lower cost and higher integration alternative to GaAs, allowing customers to access new and larger markets with high frequency products such as the one announced here," said Dr. Marco Racanelli, Senior Vice President and General Manager for the RF & High Performance Analog and Aerospace & Defense Business Groups at TowerJazz.

About Phasor Solutions

Phasor Solutions was founded by Anglo Scientific Ltd and Richard Mayo in 2005 to develop flat and conformal high gain antennas to fit on the roof of moving vehicles. Since then, Phasor has raised venture capital funding through a supportive pool of investors and has built a strong team around founder Richard Mayo, a very experienced circuit designer "looking for an opportunity to repeat or exceed previous success." For more information please visit www.phasorsolutions.com.

About TowerJazz

Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM), the global specialty foundry leader and its fully owned U.S. subsidiary Jazz Semiconductor, operate collectively under the brand name TowerJazz, manufacturing integrated circuits with geometries ranging from 1.0 to 0.13-micron. TowerJazz provides industry leading design enablement tools to allow complex designs to be achieved quickly and more accurately and offers a broad range of customizable process technologies including SiGe, BiCMOS, Mixed-Signal and RFCMOS, CMOS Image Sensor, Power Management (BCD), and Non-Volatile Memory (NVM) as well as MEMS capabilities. To provide world-class customer service, TowerJazz maintains two manufacturing facilities in Israel and one in the U.S. with additional capacity available in China through manufacturing partnerships. For more information, please visit www.towerjazz.com.

Safe Harbor Regarding Forward-Looking Statements

This press release includes forward-looking statements, which are subject to risks and uncertainties. Actual results may vary from those projected or implied by such forward-looking statements. A complete discussion of risks and uncertainties that may affect the accuracy of forward-looking statements included in this press release or which may otherwise affect Tower and/or Jazz's business is included under the heading "Risk Factors" in Tower's most recent filings on Forms 20-F, F-3, F-4 and 6-K, as were filed with the Securities and Exchange Commission (the "SEC") and the Israel Securities Authority and Jazz's most recent filings on Forms 10-K and 10-Q, as were filed with the SEC, respectively. Tower and Jazz do not intend to update, and expressly disclaim any obligation to update, the information contained in this release.

    Source: TowerJazz

XINYU CITY, China and SUNNYVALE, Calif., Nov. 11 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, today announced that, upon its motion, the Superior People's Court in Jiangxi Province has issued a civil order freezing any payment that may be made by the relevant guarantor/counter-guarantor banks pursuant to the guarantee and/or counter-guarantee issued in connection with the prepayments made by Q-Cells SE. Q-Cells made prepayments in the aggregate amount of US$244.5 million under the solar wafer supply agreement with LDK Solar. The injunctive relief also takes certain other asset preservation actions in aid of execution and will remain effective for a period of six months until May 8, 2010. Separately, LDK Solar has appealed the decision of the Regional Court of Berlin that lifted its preliminary injunction on the drawdown by Q-Cells under the German bank guarantee. LDK Solar is also making arrangements to speed up the ICC arbitration process as permitted and required under the supply agreement for a fair determination on the substance of the dispute over the supply agreement.

Alongside these actions, LDK Solar and Q-Cells have been engaged in negotiations in Europe and Asia with a view toward reaching a mutually agreeable solution to the dispute.

About LDK Solar (NYSE: LDK)

LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK Solar sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, LDK Solar provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. LDK Solar's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's office in the United States is located in Sunnyvale, California.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to, LDK Solar's ability to raise additional capital to finance its operating activities, the effectiveness, profitability and marketability of its products, the future trading of its securities, the ability of LDK Solar to operate as a public company, the period of time during which its current liquidity will enable LDK Solar to fund its operations, its ability to protect its proprietary information, the general economic and business environment and conditions, the volatility of LDK Solar's operating results and financial condition, its ability to attract and retain qualified senior management personnel and research and development staff, its ability to timely and efficiently complete its ongoing construction projects, including its polysilicon plants, and other risks and uncertainties disclosed in LDK Solar's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on information available to LDK Solar's management as of the date hereof and on its current expectations, assumptions, estimates and projections about LDK Solar and the solar industry. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.

SOURCE LDK Solar Co., Ltd.

HILLSBORO, OR -- (MARKET WIRE) -- 11/11/09 -- Lattice Semiconductor (NASDAQ: LSCC) today announced that Allyanz Pty Ltd will represent Lattice and its full range of products in Australia and New Zealand.

"Allyanz is delighted to partner with Lattice throughout Australia and New Zealand," said Daud Ally, General Manager of Allyanz. "Lattice is recognized worldwide as a leader in programmable logic. We look forward to working closely with Lattice to enable our valued customers to design with and take advantage of Lattice's comprehensive portfolio of programmable logic solutions."

"Lattice is excited that Allyanz is now our representative in Australia and New Zealand," said Stacy Fender, Lattice's Corporate Vice President of Sales. "With its expertise in the Australia-New Zealand electronics marketplace, a solid background in marketing differentiated semiconductor solutions and a focus on supporting customer design requirements, Allyanz is uniquely qualified to help Lattice expand its market share."

About Allyanz

Allyanz Pty Ltd is a specialist supplier of electronic components and display solutions in Australia and New Zealand. Headquartered in Melbourne, Australia, Allyanz is partnered with a select group of industry leading manufacturers for semiconductors, passive components and display solutions.

Allyanz is focused on providing its customers with the applications engineering and design support they require, to encourage continued design innovation in the electronics marketplace across Australia and New Zealand.

For more information, visit www.allyanz.com.au

About Lattice Semiconductor

Lattice is the source for innovative FPGA, PLD, programmable Power Management and Clock Management solutions. For more information, visit www.latticesemi.com

Lattice Semiconductor Corporation, Lattice (& design), L (& design) and specific product designations are either registered trademarks or trademarks of Lattice Semiconductor Corporation or its subsidiaries in the United States and/or other countries.

GENERAL NOTICE: Other product names used in this publication are for identification purposes only and may be trademarks of their respective holders.

EDITORIAL/READER CONTACT:
Brian Kiernan
Corporate Communications Manager
Lattice Semiconductor Corporation
503-268-8739 voice
503-268-8193 fax
brian.kiernan@latticesemi.com

AUCKLAND, New Zealand, Nov. 11 /PRNewswire/ -- World Energy Research (WER) has just announced a major expansion. The energy research and investment firm based in New Zealand has established a second headquarters in Guatemala City to better serve its partners and investors in the Americas.

The new office is located in the Europlaza World Business Center, one of the most modern office towers in Central America. WER is in the process of staffing the facility and will eventually employ about 65 staff members.

This expansion marks the latest advancement in WER's rapid growth into the energy sector. Along side Vancouver's Blue Energy Canada project, WER is currently investigating the energy potential of a dozen sites in Guatemala and recently signed construction and purchase power agreements for three new hydro electric projects in the country.

Meanwhile, WER continues its global research into clean, renewable sources of power such as tidal, wind, solar and geothermal.

A WER spokesman said, "The heart of the energy sector in Central America is Guatemala. Once developed, it could become an energy independent nation and begin exporting power to other countries in the region and beyond. Imagining that future is what keeps us pushing forward with our development plans."

    For more information, contact:
    World Energy Research
    Level 20 ASB Bank Centre,
    135 Albert Street, Auckland, 1010
    New Zealand
    Phone: 64+93597492
    Fax: 64+93597495

About World Energy Research

World Energy Research (WER) of Auckland, New Zealand is an energy investment firm that nurtures partnerships with governments and international companies to seek out energy projects with the greatest potential for high returns and low environmental impact.

World Energy Research is the parent company of World Energy Capital OFC, an offshore banking company, World Trade Source, a new online trading platform, and the soon-to-be-launched World Energy Media, a news service for the energy sector.

    Media Contact
    World Energy Research
    +64 935 974 92
    admin@worldenergyresearch.com

SOURCE World Energy Research