Press Releases

SOUDERTON, Pa.--(BUSINESS WIRE)-- Almac is pleased to announce the doubling of analytical capacity at its 240,000 sq. ft. North American Headquarters. The facility - built on a 40 acre site in Souderton, north of Philadelphia (PA) - and occupied since 2010, delivers full-service, integrated clinical packaging, drug supply management and technology solutions to pharmaceutical and biotech clients. The site boasts state of the art analytical labs, supplementing existing facilities in the UK.

The analytical labs provide support for clinical packaging operations as well as stand-alone analytical services and are equipped with the latest equipment, including HPLC, UPLC, GC, UV, IR, DSC, KF and others. The additional lab investment will continue to offer these services in addition to polymorph and salt screening and solid form development.

In continuing its investment, the new lab will also be equipped with the latest bathless dissolution apparatus for rapid and efficient comparative dissolution studies. This provides maximum flexibility for developing, validating and running assays, dissolution and stability methods, further complementing the large capacity stability chambers which provide all the required ICH stability conditions.

Dr. Aeri Park, Operations Director commented: ‘”We always anticipated growth within our facility and are delighted that it has become necessary so quickly. This is testament to the dedication and commitment of our analytical team and we very much look forward to continued growth, coupled with superlative customer service in supporting clinical packaging operations and our stand-alone analytical and solid form businesses.”

The analytical facility complements Almac’s specialty capabilities, including biocatalysis, radiolabelling, and peptide and protein synthesis. These services are all part of Almac’s comprehensive drug development services, including API and drug product development and GMP manufacture.

Almac will be exhibiting at the forthcoming Informex trade show, 14 – 17 February at Booth 2001.

Notes to Editors

The Almac Group provides a broad range of services from R&D, biomarker discovery and development, API manufacture, formulation development, clinical trial supply and IXRS® technology (IVRS/IWRS), to commercial-scale manufacture. Almac provides services to more than 600 companies, including all the world leaders in the pharmaceutical and biotech sectors. The company employs over 3,300 individuals and is headquartered in Craigavon, Northern Ireland. US operations are based in Pennsylvania, North Carolina and California.

De Facto CommunicationsTristan JervisT.Jervis@Defacto.comT: +44-207-861-3019M: +44-771-363-8396orAlmacSusan BeattieSusan.beattie@almacgroup.comT: +44-283833-2200

Source: Almac

Focus on execution quality and proven local expertise key aspects for decision to go with Neonet’s ESP offering.

STOCKHOLM--(BUSINESS WIRE)-- Neonet, the independent execution services provider, today announced that E. Öhman J:or Securities Finland Ltd has entered an Execution Service Provider agreement to support its trading operations. The deal was booked in Q4 2011.

The Neonet ESP solution allows Öhman Securities Finland to trade in their own membership on the firm’s primary market, and in Neonet’s name on all secondary markets where Finnish stocks are traded and at the same time lower their operational cost. Öhman securities clients will benefit from improved execution quality as a result of Smart Order Routing technology, alternative market access, and strict quality control.

“As a broker in the current financial markets with intense competition, we are constantly seeking outside the box solutions to stay competitive,” said Vesa Tyrisevä, Partner, Öhman Securities Finland. “Neonet’s flexible offer allows us to maintain membership at our primary market, while we also get access to Neonet’s quality execution and broad connectivity to secondary markets, a solution that perfectly suits our current needs.”

“We are very happy to see that Neonet’s services for the sell-side are gaining market approval, and it is rewarding that we are Öhman’s first choice,” said Carl Johan Wallin, Global Head of Sales, Neonet. “By offering both execution quality and operational simplicity, Neonet facilitates growth opportunities for clients like Öhman Securities.”

About Öhman Securities Finland

E. Öhman J:or Securities Finland Ltd. is a subsidiary company of E. Öhman J:or AB, which is owned by the families of Ulf and Claes Dinkelspiel. E. Öhman J:or AB has long traditions and a strong position in Swedish financial markets. It was established in 1906. Öhman Securities Finland provides Finnish and foreign institutions with high-quality financial products and services related to trade in Nordic stock markets. The company is under supervision by Finnish FSA, Financial Supervisory Authority.

About Neonet

Neonet offers professional market participants flexible, independent and transparent execution services based on advanced trading software solutions. Neonet’s services include a comprehensive execution management system, advanced trading algorithms, smart order routing, market data services and a trading desk operated by qualified execution specialists. Neonet does not engage in proprietary trading or any other financial activity that could result in a potential conflict of interest. Neonet serves clients in over 20 countries. Clients include banks, brokerage firms, institutional investors, hedge funds and asset managers. Neonet Securities is an Orc Group company. Orc Group is publicly traded on Nasdaq OMX Stockholm (SSE: ORC).

For further information, visit www.neonet.com.

This information was brought to you by Cision http://www.cisionwire.com

Media:Neonet:Joacim Wiklander, CEO+46 (0) 739 01 02 40orÖhman:Vesa Tyrisevä, Partner,+358 9 8866 6030orOrc Group:Christine BlinkeVP Marketing and Investor relationsTel. +46 (0) 739 01 02 01

Source: Neonet

STOCKHOLM--(BUSINESS WIRE)-- Regulatory News:

Focus on cash flow and continued initiatives in the value chain through the launch of inductors

CEO Alrik Danielsson comments on fourth quarter earnings:

“Just as in 2010, in 2011 we achieved our long-term objectives for growth, operating margin and returns. During the autumn we were negatively affected by inventory adjustments made by our customers, which also caused us to reduce our inventories and cut our production rates. We did this to protect our strong cash flow, even if it is having a negative effect on earnings in the quarter.

The prospects for 2012 are uncertain, and Höganäs (STO:HOGAB) is being affected by fluctuations in the global economy, although as a company, we are in a strong position for our future. We are now launching inductors under the Höganäs brand Inductit™, which is another big step in Höganäs’ work in the value chain. These products are really promising, not least because of increased demand for environmentally friendly energy sources.”

Fourth quarter 2011 (compared to corresponding period of previous year)

• Net sales were MSEK 1,632 (1,612) in the quarter, up 1% year on year. Sales volumes were 3% lower. Demand conditions were better than in the corresponding period of the previous year in North America, but worse in most parts of the rest of the world. This is an effect of lower production rates and destocking by many customers. The negative effect of floods in Thailand is estimated at some 1,500 tons, or a 1.4% volume decrease for the group.
• Operating income was MSEK 212 (238) and income after tax was MSEK 152 (162) due to lower volumes and lower currency hedging earnings.
• Earnings per share before and after dilution for the quarter were SEK 4.37 (4.66).
• Cash flow from operating activities was MSEK 267 (193). Destocking enabled improved cash flow, despite somewhat lower operating income.

1 January – 31 December 2011 (compared to corresponding period of previous year)

• Net sales were MSEK 7,081 (6,671), 6% up on the previous year, with positive progress in all regions. Sales volumes were also 6% higher.
• Operating income was MSEK 1,071 (1,114) and income after tax MSEK 762 (804).
• Earnings per share before and after dilution were SEK 21.90 (23.11).
• Cash flow from operating activities was MSEK 803 (698).
• The Net debt/Equity ratio was at year-end 25% (24%).
• The Board of Directors proposes a cash dividend of SEK 10.00 per share (10.00).
• Prospects are unchanged since the assessment made in the Third-quarter Interim Report. Uncertainty regarding the immediate future is significant. It is uncertain how much the world's debt crisis will affect global industrial activity in 2012. However, underlying long-term demand conditions appear favourable, apart from southern Europe.

Höganäs AB (publ)

Streamed press conference

Alrik Danielson, CEO and President, and Sven Lindskog, CFO, will present the Interim Report in a conference call at 10:30 a.m. on 9 February 2012.

The press conference will be streamed at: www.hoganas.com/Investor Relations/Conference Call.

It is open to journalists, analysts and investors.

Participants are welcome to call on +46 (0)8 505 598 12, +44 (0)207 108 6303 or +1 8666 765 870.

The presentation is available at www.hoganas.com.

NB:

This information is mandatory for Höganäs to publish pursuant to the Swedish Securities Markets Act. The information was submitted for publication at 9 a.m. on 9 February 2012.

About Höganäs

Höganäs AB is the world's leading producer of iron and metal powders. Building on its clear vision of the possibilities of powder to improve efficiency, the consumption of resources and environmental impact across a raft of segments, the company has developed in-depth application skills.

Thus Höganäs can help create the automotive components, white goods, and products for water and exhaust treatment products of the future in collaboration with its customers. Founded in 1797, the company had sales of MSEK 7,081 in 2011, and is quoted on NASDAQ OMX Stockholm's Mid Cap List.

For more information, visit our website: www.hoganas.com.

This information was brought to you by Cision http://www.cisionwire.com

Höganäs:Alrik DanielsonCEO and President+46 (0)42 33 80 00orSven LindskogChief Financial Officer+46 (0)42 33 80 00

Source: Höganäs

Fourth Quarter Revenue Grew 43.3% and Full Year Revenue Grew 51.1% Year-Over-Year; Fourth Quarter Gross Margin Expanded to 35.3%, Operating Margin to 20.0%

SHANGHAI, China, Feb. 9, 2012 (GLOBE NEWSWIRE) -- RDA Microelectronics (Nasdaq: RDA) ("RDA Microelectronics" or the "Company"), a fabless semiconductor company that designs, develops and markets Radio Frequency (RF) and mixed-signal semiconductors for cellular, connectivity and broadcast applications, today announced its financial results for the fourth quarter and full year ended December 31, 2011.

Fiscal Year 2011 Financial Highlights (in US dollars):

• Total revenue increased by 51.1% to a record $288.9 million in 2011 compared to $191.2 million in the previous year.
• Gross margin was 34.5% compared to 29.8% in 2010.
• Cash generated from operations was $63.0 million, compared to $6.8 million in the previous year.
• Net income was $51.6 million, or $1.11 per diluted American Depository Share (ADS), compared to $19.1 million, or $0.33 per diluted ADS in the previous year.

Fourth Quarter Financial Highlights (in US dollars):

• Revenue was $82.4 million, exceeding the Company's guidance of $80 million to $82 million, and represented a decrease of 1.9% from the $83.9 million in the third quarter of 2011 and an increase of 43.3% from the $57.5 million in the fourth quarter 2010.
• Gross margin was 35.3%, which was at the high end of the Company's guidance of 35.0% to 35.3%, compared to 34.9% in the previous quarter and 32.4% in the fourth quarter of 2010.
• Operating margin was 20.0%, expanded from 18.8% in the previous quarter and 4.2% in the fourth quarter of 2010.
• Net income was $16.6 million, or $0.37 per diluted ADS, compared to $15.7 million, or $0.34 per diluted ADS in the previous quarter, and $2.5 million, or $0.05 per diluted ADS, in the fourth quarter of 2010.

Fourth Quarter Business Highlights:

• Sampled Wi-Fi, Bluetooth and FM three-in-one combo chip (RDA5990) to support 3G/4G smartphone growth.
• Sampled WCDMA four transmit mode Power Amplifier (RDA6816).
• Introduced CMMB Mobile TV Chip for TD-SCDMA (RDA5891) to further expand the Company's addressable silicon content in TD handsets.
• Signed $16 million digital TV IP license with Trident Microsystems to enable the Company's future entry into digital TV and display markets.

Commenting on the results, Vincent Tai, chairman and CEO of RDA Microelectronics, said, "I am very pleased to report record results for 2011, in which we grew revenue by over 50 percent and generated exceptional profitability and cash flow despite the challenging global economic conditions. During the year, we became the leading market share provider for both Bluetooth and Front End Module/Power Amplifier products for the Chinese handset manufacturer market, complementing our number one position in FM and DVB-S Tuner products. In the fourth quarter, our Power Amplifiers reached record shipments as a result of continued market share gains for our IPD Front End Module. In addition to these achievements, we also expanded our operating margin to 20% in the fourth quarter due to our efficient operating model and cost structure, which allows us to be highly competitive in the marketplace.

"To further expand our penetration of the 3G/4G smartphone market, we also introduced several new products that will increase our addressable silicon content in handsets. These products include a highly integrated Wi-Fi combo chip, a WCDMA four transmit mode power amplifier, and a CMMB Mobile TV Chip for TD-SCDMA. We believe there are growing opportunities for low-end smartphones, specifically in China, as this market segment is expected to ramp quickly in the coming year to meet the demand for additional feature sets as the 3G market evolves."

Fourth Quarter Operating Summary:

• Revenue was $82.4 million, compared to $83.9 million in the previous quarter and $57.5 million in the fourth quarter of 2010. The year-over-year growth was primarily driven by growth in IPD Front End Modules and TD-SCDMA transceivers.
• Gross margin was 35.3%, compared to 34.9% in the previous quarter and 32.4% in the fourth quarter of 2010. The improvement in gross margin was primarily driven by cost reductions from process technology migration and increased shipments of higher margin products.
• R&D expenses were $8.7 million, compared to $9.6 million in the previous quarter and $11.2 million in the fourth quarter of 2010. The sequential decrease was mainly due to lower mask and IP expenses.
• SG&A expenses were $3.9 million, flat with the previous quarter and a decrease from the $5.0 million in the fourth quarter of 2010. 
• Net income increased to $16.6 million from $15.7 million in the previous quarter and $2.5 million in the fourth quarter of 2010.

Balance Sheet and Cash Flow Summary as of December 31, 2011:

• Cash, cash equivalents and short-term investments were $142.2 million, a decrease of $12.8 million from $155.0 million as of September 30, 2011. Cash disbursement items during the quarter included $12.8 million to buy back 1.5 million ADS shares under the stock repurchase program and a pre-payment of $7.5 million to Trident under the TV IP purchase agreement. The share repurchase included a block transaction of 1.3 million ADR shares for $10.8 million committed at the end of the third quarter, but settled in the fourth quarter.
• Accounts receivable was $43.4 million, compared to $37.9 million as of September 30, 2011. The sequential increase was largely due to increased wafer purchases on behalf of RDA's baseband partner whose shipment volumes ramped rapidly in the quarter due to market share gains. The Company provided procurement services and charged a small service fee based on the procurement volume.
• Inventory was $36.1 million, a decrease of $1.2 million from $37.3 million as of September 30, 2011. The sequential decrease was primarily due to strong product sell-through and the continued depletion of 110 nanometer Bluetooth products.
• Accounts payable was $32.5 million, compared to $31.9 million as of September 30, 2011.

First Quarter 2012 Business Outlook:

For the first quarter of 2012, the Company expects revenue to be in the range of $69 million to $71 million, an increase of 25% to 29% year-over-year or down 14% to 16% sequentially,  reflecting typical seasonal patterns including the shortened sales period due to the Chinese New Year. The Company expects gross margins to be in the range of 35.6% to 35.9% as it benefits from continued cost reductions through design enhancement and further growth of higher gross margin products.

Conference Call:

RDA Microelectronics will host a conference call and live webcast for analysts and investors at 8:00 a.m. EST on February 9, 2012 (9p.m.in China).

• For parties in the United States and Canada, please call 1-877-941-9205, conference code 4507306
• For parties in Hong Kong, please call 852-3009-5027, conference code 4507306
• Other International parties please call 1-480-629-9722 conference code 4507306

RDA Microelectronics will provide a live webcast of the conference call that will be accessible from the "Investors" section of the Company's website at www.rdamicro.com. The webcast will be archived on the website for a period of 30 days. An audio replay of the conference call will also be available two hours after the call and will be available for ten days. To hear the replay, parties in the United States and Canada should call 1-800-406-7325 and enter pass code 4507306. International parties should call 1-303-590-3030 and enter pass code 4507306. The press release with the financial results will be accessible from the Company's website before the conference call begins.

About RDA Microelectronics

RDA Microelectronics is a fabless semiconductor company that designs, develops and markets radio-frequency and mixed-signal semiconductors. The Company's product portfolio currently includes power amplifiers, transceivers and front-end modules, Bluetooth system-on-chip, Wi-Fi, Bluetooth and FM combo chips, FM radio receivers, set-top box tuners, analog mobile television receivers, CMMB mobile television receivers, walkie-talkie transceivers and LNB satellite down converters. For additional information, please see the Company's website at http://www.rdamicro.com.

Forward-Looking Statements

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Any statements in this press release that are not historical facts are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include the Company's anticipated growth strategies; its future results of operations and financial condition; economic conditions in China; the regulatory environment in China; the Company's ability to attract customers and leverage its brand; trends and competition in the semiconductor industry; migration to new technology; the entry into new TV and display market and other factors and risks detailed in the Company's filings with the Securities and Exchange Commission. This press release also contains statements or projections that are based upon information available to the public, as well as other information from sources which the Company believes to be reliable but whose accuracy or completeness the Company cannot guarantee. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

Non-GAAP Financial Measures

To supplement the Company's unaudited consolidated financial results presented in accordance with U.S. GAAP, the Company uses adjusted (non-GAAP) net income and net income per diluted ADS, adjusted (non-GAAP) R&D expense and adjusted (non-GAAP) SG&A expense, which are defined as non-GAAP financial measures by the SEC. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see below and the tables captioned "Reconciliation of GAAP and Non-GAAP Results" set forth at the end of this press release.

The Company believes that adjusted (non-GAAP) net income and net income per diluted ADS, adjusted (non-GAAP) R&D expense and adjusted (non-GAAP) SG&A expense, viewed in conjunction with the GAAP financial measures, provide meaningful supplemental information regarding the Company's performance and that both management and investors benefit from referring to these non-GAAP financial measures in assessing the Company's historical performance and when planning and forecasting the Company's performance in future periods. The Company believes that excluding share-based compensation expenses helps both management and investors to get a better understanding of its ongoing business. Adjusted (non-GAAP) net income and net income per diluted ADS, adjusted (non-GAAP) R&D expense and adjusted (non-GAAP) SG&A expense do not include share-based compensation expenses that impact the Company's operating expenses and net income for the period. In addition, the Company's adjusted (non-GAAP) net income and net income per diluted ADS, adjusted (non-GAAP) R&D expense and adjusted (non-GAAP) SG&A expense may not be comparable to measures with the same or similar titles utilized by other companies, since other companies may not calculate such measures in the same manner as the Company does. The Company compensates for this and other limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures. Reconciliations of GAAP and non-GAAP results are included at the end of this press release.

CONTACT: Lily Dong, Chief Financial Officer
         RDA Microelectronics, Inc.
         +86-21-5027-1108
         ir@rdamicro.com
         or
         Leanne Sievers, EVP
         Shelton Group Investor Relations
         949-224-3874
         lsievers@sheltongroup.com

HOUSTON, Feb. 9, 2012 (GLOBE NEWSWIRE) -- Forum Energy Technologies, Inc. (FET) is pleased to announce the signing of a contract with DOF Subsea AS (DOF). Under the contract, FET will supply six complete Perry™ XLX Generation 2 (G2) 150 horsepower Remotely Operated Vehicle (ROV) systems including tooling and survey packages.

All six systems are scheduled for delivery in 2012. Two Perry XLX systems will be delivered to DOF for mobilization in Singapore onboard the Skandi Hawk for work within the Australasia region. Four Perry XLX systems are to be delivered to DOF for mobilization into Brazil and will support DOF's expanding Brazilian operations. With this new order, the DOF Subsea ROV fleet now stands at 34 Perry ROV systems, including the Perry XL, Perry XLS and the Perry XLX.

Forum's Subsea Technologies' product offering ranges from electric observation class ROVs to large hydraulic work-class vehicles used for inspection, survey and deep-water construction, as well as other remote intervention technologies and services.

About Forum Energy Technologies

Forum Energy Technologies, Inc., headquartered in Houston, Texas, is a global provider of manufactured technologies and applied products to the energy industry. With approximately 3,200 employees strategically located throughout the world, FET is well positioned to provide the products and technologies essential to solving the increasingly complex challenges of the subsea, drilling and production sectors in the oil and gas industry.

For more information, please visit www.f-e-t.com.

CONTACT: Donna Smith, Director - Marketing
         281.949.2514
         donna.smith@f-e-t.com