STOCKHOLM & NEW YORK--(BUSINESS WIRE)-- Regulatory News:
Millicom International Cellular S.A. ("Millicom") (Nasdaq: MICC)(STO: MIC) is pleased to announce that it has officially started its mobile operations in Rwanda today.
Millicom was awarded its license in December 2008 and will be the third operator in the Rwandan market. The service is launching with approximately 50% coverage of the population, with plans to extend coverage significantly over the next three years. In addition, we have deployed 3G infrastructure in Kigali, the capital of Rwanda, and other key urban centres.
Operating under the Tigo brand, the service will focus on making mobile services affordable and accessible, with per second billing, low denomination recharges and a flat rate tariff of 1.5 RWF per second across all networks.
Mikael Grahne, President and CEO of Millicom, said:
"With a population of 10 million, mobile penetration of less than 20%, and a rapidly developing economy, Rwanda is a highly attractive market for Millicom. With our focus on affordability and our strengths in distribution and innovation, we believe we can make mobile voice and value-added services a reality for the mass market in Rwanda."
Millicom International Cellular S.A. is a global telecommunications group with mobile telephony operations in 14 countries in Asia, Latin America and Africa. It also operates cable and broadband businesses in five countries in Central America. The Group's mobile operations have a combined population under license of approximately 266 million people.
This press release may contain certain "forward-looking statements" with respect to Millicom's expectations and plans, strategy, management's objectives, future performance, costs, revenues, earnings and other trend information. It is important to note that Millicom's actual results in the future could differ materially from those anticipated in forward-looking statements depending on various important factors. Please refer to the documents that Millicom has filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including Millicom's most recent annual report on Form 20-F, for a discussion of certain of these factors.
All forward-looking statements in this press release are based on information available to Millicom on the date hereof. All written or oral forward-looking statements attributable to Millicom International Cellular S.A., any Millicom International Cellular S.A. employees or representatives acting on Millicom's behalf are expressly qualified in their entirety by the factors referred to above. Millicom does not intend to update these forward-looking statements.
Millicom International Cellular S.A., Luxembourg
Visit our web site at http://www.millicom.com
This information was brought to you by Cision http://www.cisionwire.com
Source: Millicom International Cellular
Contract award marks the start-up of the first commercial wave energy station in North America
CLACKAMAS, Ore.--(BUSINESS WIRE)-- Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT) ("OPT" or the "Company") announces that it has selected Oregon Iron Works ("OIW") of Clackamas to begin construction of its first commercial wave energy PowerBuoy(R) system in North America, to be installed off the Oregon coast near Reedsport. Oregon Iron Works is an Oregon company with an emerging reputation as an international leader in "green tech" manufacturing. The partnership is the direct result of Oregon Governor Ted Kulongoski's leadership in bringing green jobs and renewable energy to the Oregon economy and his commitment to the responsible development of wave energy as a commercially viable renewable energy source.
Construction of this first PowerBuoy system represents Phase One of an expected 10-PowerBuoy Reedsport wave power station, the first commercial-scale facility of its type in North America, which will generate approximately 1.5 megawatts of electricity. The nine additional PowerBuoys will be constructed and installed under Phase Two of the project.
Governor Kulongoski joined Mark Draper, CEO of OPT, and Terry Aarnio, Chairman, Oregon Iron Works, and Reedsport Mayor Keith Tymchuk, in celebrating the announcement at the Oregon Iron Works Clackamas facility.
OPT and OIW estimate that construction of the first PowerBuoy PB150 wave energy device, rated at a capacity of 150 kilowatts, will create or sustain approximately 30 jobs over the next nine months. Another Oregon company headquartered on the Oregon south coast, Sause Bros., is intended to play a key role in transporting and deploying the buoy by barge.
PNGC Power, a regional generation and transmission public electric power cooperative, may purchase some of the electricity on behalf of their Northwest customers. PNGC has provided partial funding for Phase One of the Reedsport project. It is estimated that completion of the two-phase project will create or sustain over 150 people in the fabrication, assembly, installation and maintenance of the Reedsport power station.
"The partnership that we are developing with OPT and other Oregon companies fits perfectly with our goal of providing jobs for Oregon's green economy," said Governor Kulongoski. "It's exciting to see that Oregon has the chance to play a leading role in the development of this global industry and help achieve our national goals of energy security and reduction of our dependence on fossil fuels."
Mark Draper, CEO of OPT, said: "OPT has identified the Oregon Coast as one of the world's top sources for future wave energy development, and Governor Kulongoski's leadership has helped to enable the realization of its potential to create green jobs and prosperous coastal communities. We are committed to responsible development of renewable energy resources, and look forward to playing our part in that positive future. "
As announced previously, OPT is in the advanced stages of completing its first PB150 in the UK for deployment in the Orkneys, Scotland mid next year. The technology development for this device will also be applied for projects in North America.
"Our workers are helping the Pacific Northwest become the center of excellence in green tech/clean tech manufacturing and we are proud to continue that tradition of leadership in American manufacturing by building the world's best renewable ocean energy devices for OPT," said Terry Aarnio, Chairman, Oregon Iron Works. "This project demonstrates that Oregon intends to enhance its environmental reputation by building an economy on the leading edge of the green wave", added Aarnio.
Description of the Reedsport Power Station Project
The PowerBuoy PB150, which is the result of more than 15 years of research and development, uses the rise and fall of waves to move the buoy up and down and drive an electric generator inside the buoy. The electricity is then conditioned and transmitted ashore as high-voltage power via an underwater cable. The Reedsport wave power station will be located approximately 2.5 miles off the coast and connect directly to the Bonneville Power Administration's Gardiner Substation. PNGC Power has signed an agreement with OPT and may purchase some of the electricity generated in Phase Two of the project. OPT plans to place a total of up to ten PB150 units at Reedsport over the next two to three years, with funding from the Department of Energy, federal and Oregon state tax credits, and investment from OPT and other companies. Most of the buoy will sit below the ocean's surface, making the device nearly invisible from the shoreline.
Forward-Looking Statements
This release may contain "forward-looking statements" that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's current expectations about its future plans and performance, including statements concerning the impact of marketing strategies, new product introductions and innovation, deliveries of product, sales, earnings and margins. These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Form 10-K for a further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
About Ocean Power Technologies
Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT) is a pioneer in wave-energy technology that harnesses ocean wave resources to generate reliable, clean and environmentally-beneficial electricity. OPT has a strong track record in the advancement of wave energy and participates in a $150 billion annual power generation equipment market. The Company's proprietary PowerBuoy(R) system is based on modular, ocean-going buoys that capture and convert predictable wave energy into low-cost, clean electricity. The Company is widely recognized as a leading developer of on-grid and autonomous wave-energy generation systems, benefiting from over a decade of in-ocean experience. OPT's technology and systems are insured by Lloyds Underwriters of London. OPT is headquartered in Pennington, New Jersey with offices in Warwick, UK. More information can be found at www.oceanpowertechnologies.com.
About Oregon Iron Works
Oregon Iron Works, Inc. is a world-class complex metal fabricator and systems integrator, with precision machining capabilities. OIW works with various industries, including marine, ocean renewable energy, aerospace, hydroelectric, nuclear, bridge, commercial, and defense manufacturing. OIW has extensive experience in all levels of metal fabrication, from custom design and prototype development to large-scale production, outfitting, and testing. Founded in 1944 in Portland, OR, this innovative small business has been under the same management since 1974. It has nearly 400 employees and is now headquartered in Clackamas, OR with additional manufacturing facilities in Vancouver, WA. More information is available at www.oregoniron.com
About PNGC Power
Information is available for PNGC Power at www.pngcpower.com
Source: Ocean Power Technologies, Inc.
HONG KONG, Dec. 4 /PRNewswire-Asia-FirstCall/ -- Global Sources (Nasdaq: GSOL) ( http://www.globalsources.com ) is holding 18 Private Sourcing Events in November and December to help China suppliers grow their exports in an improving global economy.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )
Twenty-two buyers representing more than US$367 billion dollars in annual sales are scheduled to meet more than 100 China suppliers to source a range of products including car electronics, home textiles and fashion accessories and wireless communication equipment. Participating buyers include Advanced Auto Parts, Auchan, Canadian Tire, El Corte Ingles, Kmart (Australia), Li & Fung, RadioShack, Sears and Woolworths Australia.
Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "Over the past year, we've been helping our suppliers grow their exports and stay profitable by nearly doubling the number of Private Sourcing Events on the schedule.
"Now that the global economy is showing signs of improvement, these events provide an unmatched opportunity for suppliers to gain new orders right as buyers increase their purchasing. For buyers who need to restock inventory, Private Sourcing Events offer a streamlined channel to find new qualified suppliers capable of meeting their requirements."
One confirmed buyer, Regional Merchandise Manager of Kmart (Australia) Womenswear, Angela Wang, said: "As we ramp up our China sourcing, we need to find new sources for a range of products. However, we still need to ensure each supplier meets our strict quality standards. Because suppliers are pre- screened before we meet them based on our needs, Private Sourcing Events provide an efficient platform to discover new, qualified trading partners in a short space of time."
One participated supplier, Marketing Manager of Coagent Electronic S&T Co. Ltd., James Chen, said: "Over the past few months, we've been increasing production capacity to prepare for an eventual improvement in the economy. As a large supplier, we need orders from big buyers to grow our profits. Private Sourcing Events give us a direct channel to meet some of the world's top buyers who can give us profitable orders and become our long-term partners for success."
World's top buyers scheduled to attend Private Sourcing Events
For all of 2009, Global Sources has scheduled over 100 Private Sourcing Events attracting dozens of buyers to participate including Carrefour, Dollar General, Metro and Lowe's. All Private Sourcing Events are complimentary for buyers and only Global Sources suppliers are eligible to participate. More information about Private Sourcing Events is available at http://www.PrivateSourcingEvents.com .
Suppliers wishing to participate in the Private Sourcing Events should contact csm@globalsources.com.
Specialized Global Sources websites, face-to-face events and trade magazines
Private Sourcing Events are part of Global Sources' sourcing and product information services. These services include Global Sources Online ( http://www.globalsources.com ), China Sourcing Fairs ( http://www.chinasourcingfair.com ) and Global Sources monthly magazines ( http://www.globalsources.com/SITE/MAGAZINES.HTM ).
For more information about Global Sources' products and services to connect quality buyers and quality suppliers, visit http://www.corporate.globalsources.com .
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business uses English-language media to facilitate trade from Greater China to the world. The other business segment utilizes Chinese-language media to enable companies to sell to, and within Greater China.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 854,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 240 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 4.5 million products and more than 247,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 12 specialized trade shows which run 30 times a year across 10 cities.
Suppliers receive more than 96 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 39 years. Global Sources' network covers more than 60 cities worldwide. In mainland China, Global Sources has about 2,500 team members in more than 40 locations, and a community of over 1 million registered online users and magazine readers for its Chinese-language media.
Global Sources Press Contact in Asia
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Press Contact in U.S.
James W.W. Strachan
Tel: +1-480-664-8309
Email: strachan@globalsources.com
Global Sources Investor Contact in Asia
Investor Relations Department
Tel: +852-2555-4777
Email: investor@globalsources.com
Global Sources Investor Contact in U.S.
Kirsten Chapman & Timothy Dien
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: tdien@lhai.com
SOURCE Global Sources
SAN JOSE, CA -- (MARKET WIRE) -- 12/04/09 -- Cisco (NASDAQ: CSCO) today announced that it has received a Request for Additional Information from the United States Department of Justice (DOJ) with respect to its previously announced proposed acquisition of TANDBERG. The request for information from the DOJ, often referred to as a "second request," is part of the regulatory process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act).
Cisco intends to respond expeditiously to this request and continue to work cooperatively with the DOJ in connection with its review. On October 1, 2009, Cisco announced a voluntary cash tender offer to acquire all the outstanding shares of TANDBERG. Cisco continues to expect the transaction will close during the first half of calendar year 2010.
About Cisco
Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com.
Cisco, the Cisco logo and Cisco Systems are registered trademarks or trademarks of Cisco Systems, Inc. and/or its affiliates in the United States and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
This document is Cisco Public Information.
TANDBERG is a registered trademark or trademark in the U.S. and certain other countries. All other trademarks are property of their respective owners.
Forward-Looking Statements
This release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding responding expeditiously to this request and regarding the expected timing of closing of the proposed acquisition. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, obtaining a sufficient number of tendered shares of common stock and regulatory approval of the acquisition, the potential impact on the business of TANDBERG due to the uncertainty about the acquisition, the retention of employees of TANDBERG and the ability of Cisco to successfully integrate TANDBERG and to achieve expected benefits, business and economic conditions and growth trends in the networking industry, customer markets and various geographic regions, global economic conditions and uncertainties in the geopolitical environment and other risk factors set forth in Cisco's most recent report on Form 10-Q filed with the SEC on November 18, 2009. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information.
Press Contact: Cisco International: Heather Dickinson +44 (0)20 8824 6049 hdickins@cisco.com Cisco United States: Kristin Carvell +1 408 424 0206 kcarvell@cisco.com Analyst Contact: Main Contact: Melissa Selcher +1 408 424 1335 mselcher@cisco.com Investor Relations Contact: Main Contact: Laura Graves +1 408 526 6521 lagraves@cisco.com International Contact: Matt Hardwick +44 (0)20 8824 1970 mahardwi@cisco.com
JOHANNESBURG, December 4 /PRNewswire-FirstCall/ -- Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) announces that it has filed its annual report on Form 20-F for the year ended 30 June 2009 with the U.S. Securities and Exchange Commission. The document can be accessed on the Gold Fields website: http://www.goldfields.co.za
Gold Fields shareholders (including holders of Gold Fields American Depositary shares) may also receive hard copies of the Form 20-F Annual Report, free of charge, upon request. For a copy of the report, requests should be directed to Francie Whitley, tel: +2711-562-9712 or email franciew@goldfields.co.za.
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of gold with attributable production of 3.6 million ounces* per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfields and near mine exploration projects at various stages of development. Gold Fields has total attributable Mineral Reserves of 81 million ounces and Mineral Resources of 271 million ounces. Gold Fields is listed on JSE Limited (primary listing), the New York Stock Exchange (NYSE), the Dubai International Financial Exchange (DIFX), the Euronext in Brussels (NYX) and the Swiss Exchange (SWX). For more information please visit the Gold Fields website at http://www.goldfields.co.za.
*Based on the annualised run rate for the fourth quarter of F2009
SOURCE Gold Fields Limited
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