New Organization at Lighting Control Leader Will Focus on Partnerships and Alliances Across Public and Private Sectors to Maximize Opportunities for Energy Savings
PHOENIX--(BUSINESS WIRE)-- Lutron Electronics Co., Inc., the long-time leader in electronic control systems for lighting and automatic window coverings and the inventor of the first practical dimmer switch, announced today the formation of a new Energy Solutions business unit that will operate in both the public and private sectors to help to accelerate and maximize the use of the company's existing technologies in a broad range of energy saving products. The announcement was made by Chief Executive Officer John E. Longenderfer.
"Forming a dedicated Energy Solutions business gives us the opportunity to bring our expertise and technology in total light management and scalable solutions to a larger audience while reinforcing our leadership role as an innovation company," said Longenderfer.
The new business unit will be led jointly by Greg L. Linder, Vice-President, Sales Operations and Michael F. Smith, Vice-President, Energy Solutions Sales. Smith will focus on sales and go-to-market strategies, while Linder will focus on building sales operations and infrastructure and developing a "Center of Energy Excellence" that will serve as an incubator and stimulant for new technologies, solutions and energy topics.
Linder and Smith will develop a strategy to rapidly enable Lutron to work in partnership with policymakers, utilities, energy service companies, and existing customers to maximize energy efficiency through sustainable and interoperable systems for both commercial and residential use. The Energy Solutions unit will also foster strategic alliances with other manufacturers to develop technology to create the infrastructure for 'smart' buildings and homes of the future.
"We are the technology leaders in lighting controls," said Linder, "and the legacy of our company is innovation. We want to accelerate the discussion on how our technology--potentially combined with the technology of others--can really change the game for end users and consumers." Said Smith, "We also want to make sure that our development efforts are in line with where the government, utilities, and others in the energy supply chain are headed. To really make a difference, we need to work in concert with the public sector."
"Lutron has been helping the world to save energy for nearly 50 years through our lighting control products and solutions," said Longenderfer. "We take pride in the fact that Lutron was the first to teach the world how to dim their lights while enhancing quality of life. We look forward to building alliances to create more innovations that make a real difference both to the environment and to our customers."
For more information, visit Lutron at Greenbuild 2009, November 11-13 in the Phoenix Convention Center, Booth #3154.
About Lutron
Founded in 1961, Lutron is an innovation and technology company that designs and manufactures sophisticated lighting and window covering controls and systems for both residential and commercial use. The company's founder and Chairman is Joel S. Spira, the inventor of the first successful solid-state electronic dimmer. Based in Coopersburg, Pennsylvania, USA, the company operates globally, with European headquarters in London and Asian headquarters in Singapore. www.lutron.com
Source: Lutron Electronics Co., Inc.
State-of-the-art entertainment destination includes movies, CineDineSM in-theatre dining, two cocktail lounges and the latest digital cinema technology
MILWAUKEE--(BUSINESS WIRE)-- Marcus Theatres(R), a division of The Marcus Corporation (NYSE: MCS), today announced the opening of the Marcus Midtown Cinema, a one-of-a-kind, four-level, five-screen entertainment destination in Omaha, Neb. Located in Midtown Crossing at Turner Park, a Mutual of Omaha mixed-use urban development project, Marcus Theatres has a long-term contract to manage the theatre for Mutual of Omaha.
The theatre opened its doors on Friday, November 6, with an exclusive week-long engagement of the film Lovely, Still, which was written and directed by Omaha native Nik Fackler. Oscar(R)-winning actor and star of the movie, Martin Landau, made special guest appearances throughout opening weekend. Video of the Marcus Midtown Cinema's Grand Opening Party can be viewed on YouTube by visiting http://www.youtube.com/watch?v=NP1o176Um6M.
"We are thrilled to announce the opening of the Marcus Midtown Cinema in Omaha's most exciting new neighborhood," said Bruce J. Olson, president of Marcus Theatres. "This upscale entertainment destination is unique to Omaha and the region. Special features include our CineDineSM in-theatre dining concept, two sophisticated urban cocktail lounges, meeting and event space, full catering service and a striking four-story glass facade with breathtaking views of the Midtown skyline and Turner Park."
"Guests will enjoy an outstanding movie and dining experience in all five luxurious CineDine auditoriums. Each auditorium offers reserved seating, an extensive chef-prepared menu and a wide selection of beer, wine, cocktails and specialty drinks. Guests are served by personal wait staff and can dine in comfort in specially designed theatre swivel chairs with countertop tables," said Olson.
Olson said one of the many highlights of the Marcus Midtown Cinema is its largest auditorium, which seats 208 and includes a VIP reserved-seating area in its balcony level for 102 guests. "Our largest auditorium is the premier experience in moviegoing. The VIP area includes plush, wide, comfortable leather chairs with side tables and an extraordinary level of personal service. Admission to the VIP area also includes a $5 voucher for food and beverage purchases. This amazing setting has also been specially designed for corporate functions and events as well," added Olson.
Olson noted that four of the five auditoriums also offer traditional theatre seating, giving guests the option of enjoying the latest Hollywood blockbusters without tableside food and beverage service. The cinema's theatre level also has a main box office and concession stand, as well as a two-story atrium with relaxing music from a baby-grand piano in the spacious lobby area.
Marcus Midtown Cinema's two metropolitan cocktail lounges, Glo and vue, also opened on Friday, November 6. "Glo, a sophisticated, contemporary lounge, is the perfect spot for people to relax and unwind while enjoying the sights of the city," explained Olson. "The posh lounge features a glowing neon backlit bar, oversized leather seating and flat-screen monitors showing the latest in entertainment, sports and news. In addition to specialty crafted cocktails, guests can enjoy small-plate dining from a creative menu inspired by American, European and Asian cuisines. Our second cocktail lounge, vue, offers adults an intimate atmosphere before or after the movie. Located on the mezzanine level, this sophisticated lounge offers wine, spirits, light appetizers and desserts and has incredible views of the Midtown Omaha skyline."
"The Marcus Midtown Cinema offers a unique moviegoing and dining experience in a stylish state-of-the-art theatre," said Olson. "This exquisitely designed entertainment destination takes moviegoing to the next level, and we are happy to bring this experience to residents and guests at Midtown Crossing."
The Marcus Midtown Cinema is the company's latest expansion into Nebraska. In June 2008, Marcus Theatres purchased approximately 11 acres of vacant land in the Southport West development in La Vista, Neb. Both the Midtown Crossing project and the Southport West developments follow the prior acquisition by Marcus Theatres of seven Douglas Theatres locations in Omaha and Lincoln, Neb. in April 2008.
About Midtown Crossing at Turner Park
Owned by Mutual of Omaha and developed by ECI Investment Advisors, Midtown Crossing at Turner Park is a 15-acre, $300 million mixed-use urban development in the heart of Omaha's historic midtown neighborhood. Built around an expanded and revitalized Turner Park, the million-square-foot development includes nearly 600 condominium and apartment units as well as more than 220,000 square feet for restaurants, retailers and entertainment venues along with parking for more than 3,000 vehicles. For more information, please visit www.midtowncrossing.com.
About Marcus Theatres
Marcus Theatres(R), a division of The Marcus Corporation (NYSE: MCS), is the seventh largest theatre circuit in the United States. With the opening of the Marcus Midtown Cinema, the company currently owns or operates 668 screens at 54 locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio, and one family entertainment center in Wisconsin. For more information, please visit www.marcustheatres.com.
About The Marcus Corporation
Headquartered in Milwaukee, Wisconsin, The Marcus Corporation is a leader in the lodging and entertainment industries. In addition to its Marcus Theatres division, the company's lodging division, Marcus Hotels and Resorts, owns or manages 19 hotels, resorts and other properties in ten states. For more information, visit the company's web site at www.marcuscorp.com.
Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements include words such as we "believe," "anticipate," "expect" or words of similar import. Similarly, statements that describe our future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties which may cause results to differ materially from those expected, including, but not limited to, the following: (1) the availability, in terms of both quantity and audience appeal, of motion pictures for our theatre division, as well as other industry dynamics such as the maintenance of a suitable window between the date such motion pictures are released in theatres and the date they are released to other distribution channels; (2) the effects of increasing depreciation expenses, reduced operating profits during major property renovations, and preopening and start-up costs due to the capital intensive nature of our businesses; (3) the effects of adverse economic conditions in our markets, particularly with respect to our hotels and resorts division; (4) the effects of adverse weather conditions, particularly during the winter in the Midwest and in our other markets; (5) the effects of the relative industry supply of available rooms at comparable lodging facilities in our markets on our occupancy and room rates; (6) the effects of competitive conditions in our markets; (7) our ability to identify properties to acquire, develop and/or manage and continuing availability of funds for such development; and (8) the adverse impact on business and consumer spending on travel, leisure and entertainment resulting from terrorist attacks in the United States, the United States' responses thereto and subsequent hostilities. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Source: The Marcus Corporation
NXP Rated #1 in Contactless Transaction IC Vendor Matrix for the Third Year in a Row
EINDHOVEN, Netherlands--(BUSINESS WIRE)-- NXP today announced that it has maintained the number one slot in ABI Research's Contactless Transaction IC Vendor Matrix rankings. The survey examines the contactless semiconductor market for payment, ticketing and Near Field Communication (NFC) applications and ranks each of the vendors according their ability to innovate and implement the technology.
In addition to holding the number one position in the overall ranking of contactless transaction IC vendors, analysts at ABI Research also scored NXP the highest in both the innovation and implementation criteria.
"It is the combination of strengths in the contactless IC market that puts NXP atop ABI Research's Contactless Transaction IC Vendor Matrix rankings," said Jonathan Collins, Principal Analyst, Short Range Wireless, ABI Research. "Solid scores across innovation and implementation criteria helped NXP once again secure the leadership position. Market share and market leadership; contactless IC product investment and development; partnerships and support for industry forums; a robust customer base; and support for emerging applications are all key strengths in NXP's approach to contactless transaction ICs that support ticketing, payment and NFC applications."
"At NXP we are committed to provide our partners in the contactless markets around the world with high performance mixed signal-based IC solutions, which deliver best-in-class security and performance for transactions in payment, ticketing and mobile applications," said Ruediger Stroh, General Manager, Identification business, NXP Semiconductors. "ABI Research's Contactless Transaction IC Vendor Matrix has established itself as a tool which gives the market a clear understanding of each of the vendor's strengths within these essential contactless applications areas."
The ABI contactless IC vendor matrix was first published in 2007 and NXP has held the top ranking since the first report. For each report, vendors are selected based on analyst research, vendor interviews and industry feedback from various stakeholders including hardware vendors, integrators, and end-users.
More information on NXP's performance in ABI Research's contactless transaction IC vendor matrix can be found here: www.nxp.com/acrobat/other/news/press_material/abivendormatrix09_nxp_profile.pdf
More information on this years results of the ABI Research Contactless Transaction IC vendor matrix can be found here: http://www.abiresearch.com/press/1543-NXP+Semiconductor+Maintains+Lead+in++Latest+ABI+Research+Contactless+Transaction+IC+Vendor+Matrix+Ranking
About NXP Semiconductors
NXP Semiconductors provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power, Digital Processing and manufacturing expertise. These innovations are used in a wide range of automotive, industrial, consumer, lighting, medical, computing and identification applications. Headquartered in Europe, the company has about 29,000 employees working in more than 30 countries and posted sales of USD 5.4 billion in 2008. News from NXP is located at www.nxp.com.
Forward-looking Statements
This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of NXP and certain plans and objectives of NXP with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
Source: NXP Semiconductors
BALTIMORE, Nov. 11 /PRNewswire-FirstCall/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that Rob Weisbord has been named Director of Digital Interactive Marketing for Sinclair. The announcement was made by Steve Marks, Chief Operating Officer of Sinclair's television group.
In making the announcement, Mr. Marks said, "We are pleased to have Rob lead the Company into the digital interactive marketing age. When you combine Rob's television background with his sales experience and understanding of new media, you get someone who is perfect in helping us to launch our new 3 Screen strategy."
"Broadcast television remains the undisputed mass audience delivery platform," commented Rob Weisbord. "There are many ways in which we can leverage television's reach and audience share with other content distributors. I look forward to building customer solutions utilizing our 3 Screen Approach integrating television, Internet and cell phones."
Mr. Weisbord began his broadcasting career in the radio industry with Family Group Broadcasting in 1985. He then made the switch to the television industry in 1989 when he went to work for New World Communication's television property WTVT-TV in Tampa, Fl. Mr. Weisbord joined Sinclair Broadcast Group in 1997 and has since served in various positions including Director of Sales and General Manager for the Company's Las Vegas duopoly of KVMY-TV and KVCW-TV, and subsequently as Regional Group Manager. For the past two years, he has split his time between his Group Manager responsibilities and assisting the Company on the integration of digital marketing with a 3 Screen Approach to Customer Solutions.
Sinclair Broadcast Group, Inc., one of the largest and most diversified television broadcasting companies, owns and operates, programs or provides sales services to 58 television stations in 35 markets. Sinclair's television group is affiliated with all major networks and reaches approximately 22% of all U.S. television households. For more information, please visit Sinclair's website at www.sbgi.net.
SOURCE Sinclair Broadcast Group, Inc.
LAS VEGAS, NV -- (MARKET WIRE) -- 11/11/09 -- After seven months of consecutive gains, sparked by a rally in the broader financial markets earlier this year, the AGEM Index turned course and slid down by the end of October 2009. Falling 10.9 points or 9.3 percent, to a reported 105.88 value, October's decline was the sixth largest drop since the index inception in 2005. However, it is important to note that the five larger declines also occurred during the latest recession and that stock valuations outperformed during the rally. Pricing recently retreated to levels more in line with historical reported earnings and estimated future performance.
By the end of October, for each member of the index that posted a gain in their stock valuation, three declined. Selected positive contributors to the index during the month include: (1) Bally Technologies (BYI) adding 0.34 points to the index based on a 2.66-percent increase in its stock valuation; (2) Ainsworth Game Technology (AGI) contributing 0.08 points to the index driven by a 26.92-percent increase in its stock price; and (3) Transact Technologies adding 0.02 points to the index with a 6.98-percent improvement in its stock performance.
International Game Technology (IGT) reported a 16.95-percent decline in its stock performance, contributing a negative 5.23 points to the index and WMS Industries (WMS) posted -1.41 points to the index with a 10.28-percent decline in its stock valuation; together they composed more than 60-percent of this month's overall loss in the index. It is important to note that for the second time in two months, WMS issued additional shares of common stock sourced to conventional convertible notes. Additionally, the stock was impacted by its third quarter earnings released the last day of October in which its profit jumped but fell short of Wall Street estimates. International Game Technology closed the same day down 3.6 percent on similar speculation regarding its earnings report.
AGEM
Exchange: Stock Price Percent Change Index
Symbol At Month End Prior Prior Contri-
(Currency) Oct-09 Sep-09 Oct-08 Period Year bution
Ainsworth Game ASX: AGI (AU$) 0.17 0.13 0.08 26.92 120.00 0.08
Technology
Aristocrat ASX: ALL (AU$) 4.52 5.25 3.81 (13.90) 18.64 (1.36)
Technologies
Astro Corp. Taiwan: 3064 68.10 73.00 50.40 (6.71) 35.12 (0.06)
(NT$)
Bally NYSE: BYI
Technologies (US$) 39.39 38.37 22.15 2.66 77.83 0.34
Elixir Gaming AMEX: EGT
Technologies (US$) 0.28 0.28 0.12 - 133.33 -
GameTech Nasdaq: GMTC
International (US$) 1.33 1.71 2.36 (22.22) (43.64) (0.02)
Gaming Partners Nasdaq: GPIC
International (US$) 4.51 5.80 6.89 (22.24) (34.54) (0.05)
Global Cash NYSE: GCA (US$) 6.33 7.31 2.82 (13.41) 124.47 (0.36)
Access
IGT NYSE: IGT (US$) 17.84 21.48 14.00 (16.95) 27.43 (5.23)
INTRALOT S.A. ATHEX: INLOT 4.37 4.71 4.00 (7.22) 9.25 (0.37)
(EUR)
Konami NYSE: KNM (US$) 18.54 20.33 17.80 (8.80) 4.16 (1.27)
Lottomatica MILAN: LTO.MI
(GTECH) (EUR) 14.52 15.31 18.25 (5.16) (20.42) (0.76)
Multimedia Nasdaq: MGAM 4.91 5.12 3.02 (4.10) 62.58 (0.03)
Games (US$)
Shuffle Master Nasdaq: SHFL 7.81 9.42 3.86 (17.09) 102.33 (0.42)
(US$)
Transact Nasdaq: TACT 5.67 5.30 7.00 6.98 (19.00) 0.02
Technologies (US$)
Wells-Gardner AMEX: WGA (US$) 1.92 1.90 0.73 1.05 163.01 0.00
Electronics
WMS Industries NYSE: WMS (US$) 39.98 44.56 25.00 (10.28) 59.92 (1.41)
Change in Index
Value (10.90)
AGEM: September
2009 116.78
AGEM: October
2009 105.88
ANALYSIS PROVIDED BY UNION GAMING GROUP
The AGEM Index 9% decline is directionally consistent with the broader markets' performance in October (S&P 500 lost 2%). Gaming's higher relative beta explains the index's typical outperformance/underperformance during market strength/weakness, respectively. The suppliers' decline in October is underscored by numerous events that collectively concerned investors regarding the timing of an eventual recovery in the sector. In particular Wynn Resorts, Las Vegas Sands, Boyd Gaming, and Harrah's reported 3Q results that were indicative of ongoing weakness in Las Vegas, without much evidence of stabilization/recovery. On the other hand, MGM MIRAGE numbers demonstrated stability in pricing/volumes, bolstered by market share gains.
While the market was absorbing this data, US Airways announced a capacity reduction to Las Vegas despite data during the month (and into November) that suggests volume declines are less bad in Vegas and better in some regional casino markets. WMS fiscal 1Q results were solid in the context of a domestic replacement trough, but management's financial guidance concerned investors who now place more risk on the back fiscal half of fiscal 2010. This impacted sentiment on the rest of the gaming suppliers during October despite results from Bally that were notable and saw an increase in financial guidance.
A number of other events round out October, most favorable-related to prospective gaming expansion as states look to address budgetary issues. These include additional slot licenses in California, tables advancing in Pennsylvania, Delaware considering more casinos, Minnesota considering a referendum for slots, Illinois' 10th license inching forward, Rhode Island getting atypical support from the Governor for more casinos, Florida approving electronic tables, Michigan looking to advance racinos, and Maine attempting to expand.
The AGEM Index
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 17 global gaming suppliers throughout the world. A total of 12 suppliers are based in the United States and are listed on the NYSE, Nasdaq or AMEX, while two trade on the Australian exchange, one supplier trades on the Athens exchange, one trade on the Milan exchange, and another trades on the Taiwan OTC exchange. The index is computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on approximation of market capitalization. Market capitalizations for manufacturers trading on foreign exchanges have been converted to US dollar equivalents as of month-end for comparability purposes. The AGEM Index is based on a 100-point value as of January 2005.
About AGEM
AGEM is an international trade association representing manufacturers and suppliers of electronic gaming devices, systems, table games, key components and support products and services for the gaming industry. The Association works to further the interests of gaming equipment suppliers throughout the world. Through political action, tradeshow partnerships, information dissemination and good corporate citizenship, the members of AGEM work together to create benefits for every company within the organization. Together, AGEM has assisted regulatory commissions and participated in the legislative process to solve problems and create a positive business environment.
AGEM Membership Roster
The current AGEM membership roster, 81 strong, is a who's who of the supplier segment of the global gaming industry: AGEM Gold Members: Aristocrat Technologies, Aruze Gaming America, Austrian Gaming Industries, Bally Technologies, GTECH/Atronic/Spielo, International Game Technology (IGT), INTRALOT S.A., Konami Gaming and WMS Gaming. AGEM Silver Members: AC Coin & Slot, Action Gaming, Casino Technology, Interblock USA, JCM Global, MEI, Multimedia Games, Octavian International, Shuffle Master, Suzo-Happ Group, TCSJohnHuxley and Wells-Gardner Electronics. AGEM Bronze Members: Ainsworth Game Technology, Astro Corp., Cadillac Jack, Cammegh Limited, CashCode / Crane Payment Solutions, Diamond Game, Digital Display Group, Euro Games Technology (EGT), GameTech International, Gaming Support, Incredible Technologies, Jumbo Technology, KGM Gaming, MCA Processing, Modern Gaming, Rocket Gaming Systems and Summit Gaming. AGEM Associate Members: CMYK Creative, Cole Industries, Cybertec Gaming Systems, DynaGraphic Printing, Elite Casino Products, Esterline Advanced Input Systems, FutureLogic, Gaming Partners International, Gary Platt Manufacturing, Global Cash Access, Global Gaming Group (G3), Grand Products, Greenberg Traurig LLP, Howard & Howard, IdeaWork Studios, IDX, Intel, IPS, James Industries, Kreller Group, KSK, Lewis & Roca, Masterpiece Advertising, MC2, Mikohn Signs and Graphics, Money Controls, Nanoptix, Paokai Electronic Enterprise Co., Proforma GPS, Regulatory Management Counselors, Sanmina-SCI, Strategy9, Talent Associates, Tgraphics/Outpost Productions, The Bright Group, 3M Touch Systems, Tournament One, TMX, Trade Show Fabrications, TransAct Technologies, Veridocs, Wrex Products and Young Electric Sign Company (YESCO).
AGEM Index and Overview
The AGEM index and overview is prepared by Applied Analysis (AA). AA is a Nevada-based advisory services firm providing a wide range of consultation services for public and private entities. The company utilizes extensive experience in economics, information technology and finance to provide a wide range of services, including urban economic consulting, financial advisory services, market analysis, public policy analysis, hospitality industry and gaming consulting and information system and technology consulting.
Industry Analysis
Industry Analysis is prepared by Union Gaming Group (UGG). UGG is an independent research firm, government and industry advisor, focusing on the global gaming business. UGG provides research, access and advisory services and offers varying levels of research products and services, which capitalize on UGG's relationships with corporate managements, governments, and other parties relevant to the global gaming business.
Contact for AGEM release: Marcus Prater AGEM Executive Director (702) 812-6932 Email Contact
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