Simply Philippines: July 2012

Tuesday, July 31, 2012

Tektronix Announces New Multi-Vendor Service Available in Bangalore

Bangalore Lab Awarded Accreditation for Calibration of Electrical and RF Instruments

BANGALORE, INDIA--(Marketwire - July 31, 2012) - Tektronix (service-solutions.tektronix.com), the industry's leading multi-vendor service (MVS) provider of instrument calibration, repair and related services, today announced that the National Accreditation Board for Testing and Calibration Laboratories (NABL) in India has accredited Tektronix to calibrate electrical and RF instruments at its Bangalore service facility.

The NABL accreditation means that Tektronix can now calibrate thousands of electrical and RF instruments, including oscilloscopes, multi-meters, signal generators spectrum analyzers, RF power meters, frequency counters, arbitrary waveform generators, and more from hundreds of manufacturers. In addition, the company can also calibrate instruments to the demanding ISO 17025 accreditation standard, which is increasingly required by international companies.

"We are delighted that we have been awarded this accreditation by NABL. It represents the culmination of many years of hard work and is the result of a multi-million dollar investment that Tektronix has made in new equipment, site infrastructure, and people in India," said Naresh Narasimhan, Marketing Manager of Tektronix India. "We can now address all of the electrical and RF calibration needs that a company may have. This means our customers will only need one supplier to manage their calibration program, reducing management costs and increasing the quality of the calibration itself."

The Bangalore lab is now accredited to calibrate instruments with the following parameters: AC/DC, resistance, capacitance, frequency, and oscilloscope amplitude, bandwidth, Time Marker, RF Power, attenuation, and VSWR. With the accreditation, the facility is the only one in India to be accredited to calibrate frequencies up to 18 GHz.

Bruce Bolliger, Vice President for Tektronix Service in Asia added, "There is a high concentration of electronic equipment, semi-conductor and defence manufacturing companies in Bangalore, and maintaining the highest level of quality is a top priority for these businesses. With this accreditation, customers now know there is a local supplier that can provide the quality and the swift turnaround time that is needed. Tektronix is committed to expanding its first-class global service business and this announcement is the first in a series we will be making as we grow our capabilities in India and throughout Asia."

About Tektronix
Tektronix is the world's leading provider of multi-vendor calibration, repair and related services. Supporting more than 140,000 products from 9,000-plus manufacturers, the company provides services through more than 1,000 experienced associates across 100 plus points of service worldwide. Visit us at service-solutions.tektronix.com.

Press Contacts:
Naresh Narasimhan
Marketing Manager
Tektronix India
+91-80-30792653

Kristen Andon
Marketing Communications Manager
Tektronix
+ 1 503-627-1667

MOSAID Demonstrates Single-Controller, Terabyte-Class Solid State Drive

OTTAWA, ONTARIO--(Marketwire - July 30, 2012) -

Editors Note: There is an image associated with this press release.

MOSAID Technologies Inc. today introduced HLSSD(tm) (HyperLink Solid State Drive), a SSD that achieves Terabyte-class storage capacity using a single controller device. MOSAID engaged PaxDisk of Korea to develop the Terabyte-class HLSSD.

MOSAID''s Terabyte-class HLSSDs are optimized for data centers and the enterprise. Based on HLNAND(tm) (HyperLink NAND) technology, MOSAID''s HLSSDs deliver scalability, performance, reliability and cost advantages over SSDs that use conventionally designed NAND Flash devices.

MOSAID''s prototype HLSSD utilizes a single FPGA-based SATA3 controller to deliver 2TB capacity over four HLNAND channels. In comparison, a conventional 2TB SSD requires four SATA3 controllers, plus a SATA3 hub controller, operating over 32 channels.

"Our affordable and scalable Terabyte-class HLSSDs will be an enabling technology in data center and enterprise applications," said Jin-Ki Kim, Vice President, R&D, MOSAID. "HLSSDs can be used to build large, fast storage pools that lower the total cost of ownership by reducing the number of storage tiers, and minimizing the need for advanced intelligence in the storage arrays."

Today''s data centers are designed with up to four tiers of storage devices: lower cost, lower performance tape drives and SATA HDDs (hard disk drives), and higher cost, higher performance SAS HDDs and SSDs. This architecture necessitates advanced intelligence in the storage arrays to determine which data to allocate to the faster SAS HDDs and SSDs.

With MOSAID''s breakthrough Terabyte-class HLSSDs, only two storage tiers are needed: SATA HDDs and HLSSDs. As a result, the requirement for advanced intelligence is reduced, as is the total costs of ownership, including power, footprint, cooling, maintenance and other elements.

In mid-2013, MOSAID plans to release a 2TB/4TB/8TB production HLSSD that will use a purpose-built HLNAND Flash controller in 40nm process technology.

2TB HLSSD Features

SATA3 (6Gbps) host interface in 3.5" form factor

2TB capacity, scalable to 8TB

single FPGA-based SATA3 controller

revolutionary SSD architecture with 2^nd generation of HLDIMM

single HyperLink interface per HLDIMM for superior signal integrity

four HyperLink channels

16 32GB HLNAND Flash MCPs (multi-chip packages) per channel

In Design - HLNAND SSD Controller

MOSAID and NOVACHIPS Inc. recently entered into a joint development agreement to design and build an HLNAND controller for SSDs optimized for data center and other memory-intensive applications. An HLSSD with one HLNAND controller will support 8TB capacity with a SATA3 host interface. Scheduled for mid-2013, the HLNAND controller will be the most scalable, flexible solution available to system designers.

First Single Channel, Full Performance 16-Die NAND Stack

MOSAID is also sampling the industry''s first NAND Flash MCP with a 16-die NAND stack operating on a single channel. The 512Gb HLNAND MCP combines a stack of 16 industry standard 32Gb NAND Flash die with two HLNAND interface devices to achieve 333MB/s output on a single byte-wide HLNAND interface channel. Conventional NAND Flash MCPs cannot stack more than four NAND dies without suffering from performance degradation, and would require two or more channels to deliver similar throughput.

Flash Memory Summit 2012

MOSAID will be speaking and exhibiting at the Flash Memory Summit, taking place August 21-23, 2012 in Santa Clara California.

About HyperLink (HL) NAND Flash

HLNAND Flash is a high-performance solution that combines MOSAID''s own HyperLink memory technology with industry standard NAND Flash cell technology to deliver the industry''s most advanced feature set, reaching sustained I/O input-output bandwidths more than ten times higher than conventional Flash. For more information, visit www.hlnand.com

About MOSAID

MOSAID Technologies Inc. is one of the world''s leading intellectual property management companies. MOSAID monetizes patented intellectual property in the areas of semiconductors and communications, and develops semiconductor memory technology. MOSAID counts many of the world''s largest technology companies among its licensees. Founded in 1975, MOSAID has offices in Ottawa, Ontario, Plano, Texas and Luxembourg. MOSAID was taken private in Dec. 2011 in a transaction led by Sterling Partners www.sterlingpartners.com. For more information, please visit www.mosaid.com.

To view the image associated with this press release, please visit the following link:

Media Inquiries
Michael Salter
Senior Director,
Investor Relations and Corporate Communications
613-599-9539 x1205
salter@mosaid.com

dmexco 2012: Global Summit of Digital Industry

dmexco

COLOGNE, GERMANY--(Marketwire - July 30, 2012) - Under the motto "The Digital Transformation: Shaping Models - Creating Business" the dmexco Conference 2012 is setting new standards and bringing the most innovative leading executives and heads of the global marketing, media and creative industry together. An initial glance at the finalised Conference programme, which is online now, makes it quite clear: No other digital industry event worldwide offers such diversity and such a first-class speaker line-up as the dmexco 2012. Trade visitors can register here now free of charge for all Conference formats and to visit the show: https://service.dmexco.de/en/1916/~/Registration.html?src=Visitorregistration

In the digital era, the dmexco 2012 is the central international platform for all brand pioneers and opinion-leaders, for advertisers and marketers as well as for all agency segments and media companies. Boasting even more top representatives from the entire spectrum of the global digital industry, this year's Conference programme reflects the extreme and ongoing challenges of the industry and presents an incredible array of first-hand trends, innovations and relevant know-how in the form of strategic, visionary lectures. The respective speaker line-up is materialising into a summit meeting of the global marketing, media and creative industry: Global CEOs such as Dr. Paul-Bernhard Kallen (Hubert Burda Media), Jack Klues (VivaKi), Nicolas Brien (McCann Worldgroup), Randall Rothenberg (IAB), Ajaz Ahmed (AKQA) and David Sable (Young & Rubicam) will be participating in Cologne together with the directors of large advertising brands including among others Frank Cooper (PepsiCo), Antonio Hidalgo (Philips), Joseph Gross (Allianz), Pete Blackshaw (Nestlé), Kevin Dulsky (Nokia), Giovanni Perosino (Volkswagen), Surjit Chana (IBM), Dr. Andre Schneider (Samsung) and Rainer Saborny (McDonalds), who is looking forward to an inspiring exchange at top level: "We are no longer talking about pure digital media, but instead about a permanent digitalisation and fusion or all of the available channels. The dmexco offers marketing specialists a fantastic platform for discussing which innovation offers which added value for us the marketers and when we can expect these to reach the critical mass of users." Speakers at the dmexco 2012 from the digital brands area include among others David Karnstedt (Adobe), Neal Mohan (Google), Paul Adams (Facebook), Omid Ashtari (Foursquare), Michael Barrett (Yahoo!), Jeff Levick (Spotify), Ilja Segalovich (Yandex), Mark Kirschner (Rakuten), Ned Brody (AOL) and Lisa Utzschneider (Amazon).

In the five star-studded dmexco Conference programme formats including the Congress and Debate Halls, the over 90 seminars, the new Work Labs and the Speakers´ Corner, the national and international top speakers will guarantee a highly relevant inspirational and knowledge-gaining forum, which is predominantly going to focus on the themes multiscreen commercialisation, ambient intelligence, new consumer engagement, SmartTV, ad trading/RTB, digital creativity, mobile marketing, brand building, big data, social media and local commerce. The views of the worldwide leading agency networks will be represented for instance by the CEOs Paul Gunning (DDB Tribal), Harvey Goldhersz (MediaCom), Matt Seiler (Mediabrands IPG), Nick Emery (Mindshare), Peter Figge (Jung von Matt) and Florian Haller (Serviceplan), who praises the holistic approach of the dmexco: "The dmexco has developed into THE thematic platform for the Internet. It particularly excels because it is not just a further technology show, but instead occupies itself with the consequences for brands, the media and agencies." We can expect inspiring ideas for new digital business models from renowned forward-thinkers of the global digital business such as Leif Abraham (InnovativeThunder), Kit Hughes (Look Listen), Sarah Wood (Unruly), Ashley Swartz (Furious Minds), Irvine Cella (Vibrant), Prashant Mehta (Komli Media) and Simone Ashoff (Good School). Colleen de Courcey (Socialistic) is also on board in Cologne and she underlines once again the growing significance of the expo for all of the US companies: "The dmexco is a compass of the digital economy thanks to how comprehensive it is. Internationally, it allows us to learn about developments and trends outside the US. Tackling a large array of issues from technology and media, it offers participants a 360 view of the digital landscape. Respected by the whole digital ecosystem, it puts in touch various stakeholders: start-ups, blue-chip companies, agencies, thought leaders, etc."

Christian Muche, Director Business Development, Strategy & International dmexco: "We can already proudly announce that we have the best dmexco Conference of all time in store for you! This year's programme is once again a clear escalation in terms of quality and quantity compared to the previous years and will go much further than just meeting the increased expectations of the market. No other event in the world provides a more compressed, comprehensive overview of the international business climate and the respective effects this will have on the entire communications industry and the trading companies. An absolutely first-class line-up comprising of national and international top speakers, which certainly sets the bar high in terms of diversity and quality, guarantees this."

Trade visitors can register here free of charge for the dmexco 2012: https://service.dmexco.de/en/1916/~/Registration.html?src=Visitorregistration

About dmexco
dmexco is the international leading expo & conference for the digital industry. Comprising of a unique combination between an exposition and a conference it stands for innovative and future-oriented marketing in the midst of a global growth market. Placing a clear focus on advertising, media and technology the dmexco in Cologne is the global no. 1 industry meeting platform for valuable knowledge transfer and direct business transactions. The dmexco, which is organised by the Koelnmesse, offers trade visitors the broadest range of business trends, growth strategies, product innovations and creative excellence in diverse forms and is furthermore free of charge. As the central hub for all thought leaders and minds from digital brands, advertisers and marketers, all types of agencies and media owners the dmexco is leading the global digital industry.

All further information on the dmexco 2012 (12 & 13 September in Cologne) as well as photos, videos and statements on the dmexco 2011 are posted at www.dmexco.com,www.facebook.com/dmexco, http://twitter.com/dmexco and www.youtube.com/dmexcovideo.

Contact Information

Contact:

Andre Hoffmann
Telephone
+49 40 679 446 53
Fax
+49 40 679 446 11
E-Mail
dmexco2012@faktor3.de

Koelnmesse GmbH
Messeplatz 1
50679 Cologne
Germany
www.koelnmesse.de

Vantage Drilling Company Reports Second Quarter 2012 Results

HOUSTON, TX--(Marketwire - July 30, 2012) - Vantage Drilling Company ("Vantage") (NYSE MKT: VTG) reports a net loss of $10.0 million or ($0.03) per diluted share for the three months ended June 30, 2012 as compared to a net loss of $40.1 million or ($0.14) per diluted share for the three months ended June 30, 2011.

For the six months ended June 30, 2012, Vantage reports a net loss of $11.2 million or ($0.04) per diluted shares as compared to a net loss of $58.7 million or ($0.20) per diluted shares for the six months ended June 30, 2011.

In April 2012, we acquired the Titanium Explorer and have mobilized the vessel to the United States Gulf of Mexico where it is currently undergoing customer acceptance testing. The acquisition has been financed with the proceeds from the $775.0 million senior notes offering. The notes were priced at 108% of par, resulting in total proceeds to the Company in excess of $820.0 million, net of offering fees and expenses. In connection with certain pre-commencement activities of the Titanium Explorer, we recorded approximately $2.4 million of project costs as operating expenses for the three months ended June 30, 2012.

Paul Bragg, Chairman and Chief Executive Officer, commented, "We are pleased to announce another strong quarter from operations, with the jackups achieving in excess of 99% productive time and the Platinum Explorer, while out of service for the scheduled 10 days of equipment upgrades, otherwise achieved productive time in excess of 99%. Following the acquisition of the Titanium Explorer, the drillship mobilized to the US Gulf of Mexico on-time, completed coast guard inspections, and continues to progress customer acceptance."

Vantage, a Cayman Islands exempted company, is an offshore drilling contractor, with an owned fleet of four Baker Marine Pacific Class 375 ultra-premium jackup drilling rigs and two ultra-deepwater drillships, the Platinum Explorer and the Titanium Explorer, as well as an additional ultra-deepwater drillship, the Tungsten Explorer, now under construction. Vantage's primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells. Vantage also provides construction supervision services for, and will operate and manage, drilling units owned by others. Through its fleet of seven owned and managed drilling units, Vantage is a provider of offshore contract drilling services globally to major, national and large independent oil and natural gas companies.

The information above includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in the company's filings with the Securities and Exchange Commission. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.

Vantage Drilling Company
Consolidated Statement of Operations
(In thousands, except per share amounts)
(Unaudited)

					Three Months Ended June 30,								Six Months Ended June 30,
					2012			2011					2012						2011
Revenues
	Contract drilling services				$	99,683		$	97,977				$	204,681					$	184,731
	Management fees					956			3,171					3,678						7,214
	Reimbursables					4,486			19,946					28,615						53,780
			Total revenues			105,125			121,094					236,974						245,725
Operating costs and expenses
	Operating costs					50,030			65,433					119,354						142,826
	General and administrative					6,704			7,402					11,964						14,249
	Depreciation					16,372			16,025					32,944						32,137
			Total operating costs and expenses			73,106			88,860					164,262						189,212
Income from operations						32,019			32,234					72,712						56,513
Other income (expense)
	Interest income					21			22					33						60
	Interest expense and other financing charges					(36,172	)		(39,350			)		(72,935			)			(80,892	)
	Loss on debt extinguishment					-			(25,196			)		-						(25,196	)
	Other income, net					216			(22			)		861						1,458
			Total other income (expense)			(35,935	)		(64,546			)		(72,041			)			(104,570	)
Income (loss) before income taxes						(3,916	)		(32,312			)		671						(48,057	)
Income tax provision						6,061			7,758					11,827						10,667
Net loss					$	(9,977	)	$	(40,070			)	$	(11,156			)		$	(58,724	)

Loss per share
	Basic				$	(0.03	)	$	(0.14			)	$	(0.04			)		$	(0.20	)
	Diluted				$	(0.03	)	$	(0.14			)	$	(0.04			)		$	(0.20	)


Vantage Drilling Company
Consolidated Balance Sheet
(In thousands, except par value information)

										June 30,						December 31,
										2012						2011
										(Unaudited)
ASSETS
Current assets
		Cash and cash equivalents								$	123,709					$		110,031
		Restricted cash									5,878							7,028
		Trade receivables									78,221							100,908
		Inventory									33,631							24,376
		Prepaid expenses and other current assets									13,044							16,909
				Total current assets							254,483							259,252
Property and equipment
		Property and equipment									2,789,126							1,913,596
		Accumulated depreciation									(140,900				)			(108,521			)
				Property and equipment, net							2,648,226							1,805,075
Other assets
		Other assets									86,375							58,173
				Total other assets							86,375							58,173
Total assets										$	2,989,084					$		2,122,500

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
		Accounts payable								$	56,843					$		46,362
		Accrued liabilities									140,111							103,809
				Total current liabilities							196,954							150,171
Long-term debt, net of premium (discount) of $22,666 and ($38,572)											2,082,666							1,246,428
Other long-term liabilities											20,054							29,755
Commitments and contingencies
Shareholders' equity
		Preferred shares, $0.001 par value, 10,000 shares authorized; none issued or outstanding									-							-
		Ordinary shares, $0.001 par value, 400,000 shares authorized; 292,350 and 291,241 shares issued and outstanding									292							291
		Additional paid-in capital									864,921							860,502
		Accumulated deficit									(175,803				)			(164,647			)
				Total shareholders' equity							689,410							696,146
Total liabilities and shareholders' equity										$	2,989,084					$		2,122,500

Vantage Drilling Company
Consolidated Statement of Cash Flows
(In thousands)
(Unaudited)

			Six Months Ended June 30,
			2012			2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss			$	(11,156	)	$	(58,724	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
	Depreciation expense			32,944			32,137
	Amortization of debt financing costs			7,438			3,888
	Non-cash loss on debt extinguishment			-			3,532
	Share-based compensation expense			4,420			2,415
	Accretion of long-term debt			-			2,582
	Amortization of debt discount (premium)			(762	)		5,415
	Deferred income tax expense (benefit)			1,860			(128	)
	Loss on disposal of assets			249			-
Changes in operating assets and liabilities:
	Restricted cash			1,150			22,801
	Trade receivables			(10,977	)		(36,303	)
	Inventory			(9,256	)		(2,396	)
	Prepaid expenses and other current assets			1,476			4,130
	Other assets			1,357			897
	Accounts payable			10,481			9,394
	Accrued liabilities			644			2,948
		Net cash provided by (used in) operating activities		29,868			(7,412	)
CASH FLOWS FROM INVESTING ACTIVITIES
	Additions to property and equipment			(816,722	)		(116,876	)
		Net cash used in investing activities		(816,722	)		(116,876	)
CASH FLOWS FROM FINANCING ACTIVITIES
	Proceeds from issuance of senior secured notes, including issue premiums of $62,000 and $15,750			837,000			240,750
	Repayment of long-term debt			-			(109,716	)
	Debt issuance costs			(36,468	)		(12,693	)
		Net cash provided by financing activities		800,532			118,341
		Net increase (decrease) in cash and cash equivalents		13,678			(5,947	)
	Cash and cash equivalents -- beginning of period			110,031			120,443
	Cash and cash equivalents -- end of period		$	123,709		$	114,496

Contact Information

Public & Investor Relations Contact:
Paul A. Bragg
Chairman & Chief Executive Officer
Vantage Drilling Company
(281) 404-4700