ecobee Becomes First Thermostat Company to Receive OpenADR 2.0b Certification Apr 17, 2014 09:21AM

Toronto, Canada (PRWEB) April 17, 2014

Today, ecobee, makers of the world's first smart thermostat, announced it has received OpenADR 2.0b certification from the OpenADR Alliance, a nonprofit corporation created to foster the development, adoption, and compliance of the OpenADR smart grid standard. ecobee is the first company to have a 2.0b certified thermostat which provides standard-based communication between utilities and its customers to help improve energy savings and ease of participation in demand response (DR) programs.

The market for smart thermostats is experiencing widespread adoption. According to Navigant Research, nearly 32 million smart thermostats will be installed worldwide by the year 2020. As dramatic growth occurs, standardization is crucial to simplify DR programs and increase participation so homeowners and businesses can easily save energy during high peak times.

"ecobee's mission is to empower homeowners to achieve meaningful energy savings without sacrificing comfort," said Stuart Lombard, CEO, ecobee. "OpenADR provides standards to simplify communication between the utility and the customer delivering peak load reduction for utilities, savings and reliability for homeowners, and sustainability for the community."

Designed for more sophisticated devices, OpenADR 2.0b supports most DR services and markets including commercial, industrial and residential environments which enables broad-based and completely automated participation in DR events. It includes flexible reporting capabilities for past, current and future data reports.

"There is growing demand among utilities for OpenADR certified thermostats to support automated demand response programs for both residential and commercial customers," said Barry Haaser, managing director, OpenADR Alliance. "It is exciting to see the innovative smart thermostat from ecobee enable new utility programs and a better customer experience through open standards."

ecobee's certification of OpenADR 2.0b was sponsored by the Ministry of Energy and funded in part through the Ontario Smart Grid Fund initiative.

About ecobee
ecobee--maker of the world's first smart thermostat--delivers intelligent energy management solutions to homeowners, commercial, HVAC, and Utility markets. With hundreds of thousands of installs across North America, ecobee's award-winning smart thermostats and Open Energy Management Platform are the easiest way for customers to understand, manage, and reduce their energy consumption. ecobee's pioneering work with Open APIs is accelerating the adoption of the Internet of Things and leading to a more connected home.

ecobee's line of Wi-Fi enabled smart thermostats, online web portals and mobile apps are the products of choice for ease of use, energy efficiency and demand response programs. http://www.ecobee.com

Read the full story at http://www.prweb.com/releases/2014/04/prweb11770888.htm


Akorn Completes Acquisition of Hi-Tech Pharmacal Apr 17, 2014 09:20AM

LAKE FOREST, Ill.--(BUSINESS WIRE)-- Akorn, Inc. (NASDAQ: AKRX), a niche pharmaceutical company, announced today that it has completed its previously announced acquisition of Hi-Tech Pharmacal Co., Inc. (NASDAQ: HITK) for $640 million in cash. The combination of Akorn and Hi-Tech will transform the Company into a larger, more diversified generic player. This combination also brings critical mass and scale to Akorn’s business and strengthens the Company’s position with retail and institutional customers.

Key Acquisition Highlights:

  • Diversifies revenue base and strengthens R&D pipeline
  • Expands manufacturing capabilities into additional niche dosage forms including nasal sprays, topical gels, creams, ointments, and oral liquids
  • Provides additional breadth in retail OTC market
  • Expect $15-20 million in annual run-rate synergies within 12 months post-close
  • Anticipate strong combined cash flow to allow for rapid debt pay-down

”We are excited to announce that we have completed the acquisition of Hi-Tech, our largest acquisition to date,” said Raj Rai, Chief Executive Officer of Akorn. “This transformative acquisition diversifies our revenue base and strengthens our capabilities in both manufacturing and R&D.”

Rai further added, “We welcome our new colleagues from the Hi-Tech team and look forward to collaborating with them on the future direction of our company. Our priority now turns to executing on our integration plan. We expect that the acquisition will be immediately accretive to non-GAAP earnings.”

About Akorn, Inc.

Akorn, Inc. is a niche pharmaceutical company engaged in the development, manufacture and marketing of multisource and branded pharmaceuticals. Akorn has manufacturing facilities located in Decatur, Illinois; Somerset, New Jersey; Amityville, New York; and Paonta Sahib, India where the Company manufactures sterile ophthalmic and injectable pharmaceuticals and non-sterile nasal sprays, oral liquids, and topical creams and ointments. Additional information is available on the Company’s website at www.akorn.com.

Forward-Looking Statements

Certain statements in this document are “forward-looking statements” under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are based on current expectations. However, actual results may differ materially from expectations due to the risks, uncertainties and other factors that affect Akorn’s business, including the business acquired through the acquisition of Hi-Tech. These factors include, among others, the occurrence of any event, change or other circumstances that could adversely affect Akorn’s ability to obtain additional funding or financing to operate and grow its combined business; the effects of federal, state and other governmental regulation ; ability to obtain and maintain regulatory approvals for its products; success in developing, manufacturing, acquiring and marketing new products; the success of strategic partnerships for the development and marketing of new products; ability to successfully integrate acquired businesses and products, including Hi-Tech’s business; and the effects of competition from other generic pharmaceuticals and from other pharmaceutical companies. Akorn and Hi-Tech provide additional information about these and other factors in the reports filed with the SEC, including, but not limited to, those described in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Akorn and Hi-Tech’s annual reports on Form 10-K for the year ended December 31, 2013 and April 30, 2013, respectively. Except as required by applicable law, Akorn disclaims any obligation to update any forward-looking statement in this document, whether as a result of changes in underlying factors, new information, future events or otherwise.

Akorn, Inc.Tim Dick, Chief Financial Officer(847) 279-6150orAlpha IR GroupChris Hodges, (312) 445-2870

Source: Akorn, Inc.


Boston Scientific To Host And Webcast Investor Event Apr 17, 2014 09:19AM

NATICK, Mass., April 17, 2014 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) will host an investor event on May 8, 2014 to provide an update on company Cardiac Rhythm Management and Electrophysiology initiatives as well as developments and technologies in connection with its attendance at the 2014 Annual Heart Rhythm Society Scientific Session in San Francisco, CA.  The event, which will include a question and answer session, is scheduled to begin at 5:00 p.m. PT and adjourn at approximately 6:30 p.m. PT.

Participants will include Mike Mahoney, president and chief executive officer, Dan Brennan, executive vice president and chief financial officer, Joe Fitzgerald, executive vice president and president, Rhythm Management, Kenneth Stein, M.D., senior vice president and chief medical officer, Rhythm Management. Martin Burke, D.O., Director, Heart Rhythm Center, University of Chicago Medical Center, will also present.

A live webcast of the event will be available to interested parties via the Boston Scientific website.  Webcast registration is available on the Investor Relations section of the website at www.bostonscientific.com/investors.  Interested parties are encouraged to register at least 15 minutes prior to the scheduled start time to ensure a timely connection.

A replay will be archived and available at www.bostonscientific.com/investors beginning approximately one hour following the completion of the event.

About Boston Scientific Boston Scientific transforms lives through innovative medical solutions that improve the health of patients around the world.  As a global medical technology leader for more than 30 years, we advance science for life by providing a broad range of high performance solutions that address unmet patient needs and reduce the cost of healthcare.  For more information, visit www.bostonscientific.com and connect on Twitter and Facebook.

CONTACTS

Media: Denise Kaigler   508-650-8330 (office)    Corporate Affairs & Communications Boston Scientific Corporation    denise.kaigler@bsci.com       

Investors:Susie Lisa, CFA508-652-5345 (office)Investor RelationsBoston Scientific Corporationinvestor_relations@bsci.com

SOURCE Boston Scientific Corporation


The Best Bet on Sports Baseball Handicapping Site Announces 67% Winners with Over 150 Baseball Picks Profiting Clients $3,000! Apr 17, 2014 09:19AM

LAS VEGAS, April 17, 2014 /PRNewswire/ -- The Best Bet on Sports, America's leading website for baseball handicapping picks, is proud to announce the latest statistics on the baseball success of its membership.  The world of baseball handicapping is full of gimmicks and one-trick ponies. The Best Bet on Sports bucks that system by relying on cold, hard data analysis and research to pick winners in America's three major sports. A team of experts pore over the latest news and historical trends in Major League Baseball picks.

"We have started off the 2014 baseball regular season hotter than we did in 2013," explains Managing Partner Mike Byrd. "Our top baseball handicappers have hit a mark of over 67% winners with a record of 99-51 in the first 150 baseball picks of 2014. Our experts have no vested interest in their picks, only the needs of our members. We only make money when our members make money.

Unlike other handicapping services with dubious claims to accuracy, The Best Bet on Sports (http://www.thebestbetonsports.com) baseball picks advertises both quantity and quality. The volume of bets placed based on the site's sports handicapping advice is enormous. In short, sports betting enthusiasts have given the site their de facto seal of approval.

Statistics on Baseball picks for 2014

The accuracy and consistency of the experts at The Best Bet on Sports are remarkable. In the notoriously fickle game of baseball, one expert has achieved a winning percentage of 77%.  Byrd our top baseball expert had an overall winning percentage approaching 73% winners with over 200 baseball picks in 2013, and has started off with over 75% winners in 2014. 

5 baseball handicappers combined record99-51

Top experts including with signing up for the ultimate package.Byrd 12-3 75% winners

Sweetness14-6 80% winners

With quality on top of quantity the baseball picks at The Best Bet on Sports sets record days with a 18-5 record on Wednesday April 16th, 2014.  Hitting 78% winners on 23 baseball picks.

The Best Bet on Sports offers a one-year guarantee to new members. If a new member relies on the expert picks and fails to win $25,000 in their first year (based on a minimum bet volume), the subscription cost will be fully refunded.

The Best Bet on Sports is a subscription service. Members pay a monthly fee to access all the latest sports handicapping picks; baseball picks are currently offered as a standalone package.  Check out our NBA playoffs that profited our clients using an average of $100-$200 a pick $5,000 for last year's NBA playoffs. 

The managers of The Best Bet on Sports caution potential customers that gambling should be approached as a hobby, not a source of income. Similarly, the managers recommend that prospective members investigate the legality of sports betting in their respective locations.

About The Best Bet on Sports

The mission of The Best Bet on Sports is to make money for its paying members. The site has a track record of 8 years with no losing seasons in any sport. The site picks sports handicapping winners from the three major sports (football, baseball and basketball) at the college and pro level.

Contact:

Mike Byrd, Managing Partnerwww.thebestbetonsports.comphone: 323-568-1300email

Read more news from The Best Bet on Sports.

SOURCE The Best Bet on Sports


Rift Recon Presents at the 2014 Oslo Freedom Forum Apr 17, 2014 09:19AM

San Francisco, CA and New York City, NY (PRWEB) April 17, 2014

The sixth annual OFF will take place on May 12-14th. Former Russian political prisoner Mikhail Khodorkovsky, Harvard cognitive scientist Steven Pinker, Cuban blogger Yoani Sánchez, Wikipedia founder Jimmy Wales, American actor Jeffrey Wright, and iconic Turkish protester Erdem Gunduz will join 25 other remarkable speakers. OFF will bring together a diverse and global audience to share experiences and discuss how to best promote free and open societies. Rift Recon CEO Eric Michaud and Senior Intelligence Advisor Brian O'Shea will be joining the ranks of some of the world's finest minds and bringing their security talents within easy reach of the people that need them most.

"You can't help being a target, but you can help what kind of target you are," advises O'Shea. "Our workshop in Oslo will provide a remarkable opportunity for Rift Recon to aid at-risk individuals who we wouldn't normally have access to."

Michaud and O'Shea are facilitating the workshop in collaboration with representatives from HRF, whose team members reached out to Rift Recon after hearing about their cyber and physical security intensives. OFF workshop attendees can expect a fast-paced, in-depth security training that focuses on identifying when you are being targeted by hostile entities, introducing premeditated protocols you can practice to lessen your risk, and how to swiftly minimize damage should your security be compromised. The training will draw largely from Rift's Two-Day Employee Physical Security Intensive and the soon to be available Social Engineering course.

"Dictators have access to billions of dollars and the world's most advanced surveillance and spying tools," said HRF president Thor Halvorssen. "We have to acknowledge that challenge, and the first step is to connect communities of human rights defenders and at-risk journalists with experts who can show them how to keep their communications and actions private."

In this workshop, the instructors will focus on protecting sensitive information through examining the flaws and benefits of various communication devices and attacks by various offensive entry tools, as well as how to strategically react to a security breach. Social engineering techniques will also be examined, including reading body language and establishing stranger intent to better protect participants. Participants lastly will also learn how to tell if their workspaces have been intruded upon, how to deploy tamper-evident devices to sensitive equipment and work spaces, and many more invaluable skills. For more information, and to view a complete list of this year's speakers, visit http://www.oslofreedomforum.com.

About Rift Recon

Founded in 2013, Rift Recon is a premiere physical security agency comprised of researchers, former military and private security detail contractors, and computer and hardware hackers that equips its clients from a suite of exclusive services including specialized trainings, hardware tampering and forensics work, assessment reports, tool creation and team outfitting. Visit http://www.riftrecon.com or follow @RiftRecon on Twitter for more information.

About Human Rights Foundation (HRF)

Founded in 2006, HRF is a nonpartisan nonprofit organization that promotes and protects human rights globally, with a focus on closed societies. HRF unites people in the common cause of defending human rights and promoting liberal democracy. Our mission is to ensure that freedom is both preserved and promoted around the world. Visit http://www.humanrightsfoundation.org or follow @HRF on Twitter for more information.

Read the full story at http://www.prweb.com/releases/2014/04/prweb11771881.htm


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