Archive for October, 2013

PostHeaderIcon SMTC inks it with Spidercloud

Spidercloud wireless scales operations with SMTC to meet demand for scalable small cell systems.
SMTC Corporation has signed a new manufacturing agreement with SpiderCloud Wireless. SMTC will provide SpiderCloud Wireless with a range of manufacturing and integrated service solutions at their San Jose, California facility to support SpiderCloud Wireless as the company scales to demands from mobile operators on a global scale.

We chose a proven contract manufacturer with a solid reputation for upholding standards of quality and wireless technology leadership as we deliver our systems to our customers in the global theatre,” Behrooz Parsay, Senior Vice President of Engineering and Operations with SpiderCloud Wireless. “Following an extensive supplier evaluation process, SMTC’s comprehensive skill base, silicon valley NPI presence, flexibility and willingness to help us succeed, impressed us and helped us choose SMTC.“

“The communications market is a major focus for SMTC, and we’re pleased that SpiderCloud Wireless has chosen us as their global manufacturing partner,” said Larry Silber Interim President and Chief Executive Officer for SMTC. “We’re committed to supporting the growth we are currently seeing in the Wireless Communications and Networking industries in the San Jose Valley as well as globally, by partnering with innovative leaders like SpiderCloud Wireless. We have bolstered our engineering expertise to support this growth.”

Read more: http://evertiq.com/news/32887

PostHeaderIcon Amazon entering a new market

Amazon is reportedly setting up to release its own set-top box – ready for the Christmas holiday season – to compete with the already established players.
It will be a small device – with capabilities to run apps and content from various sources – as well as being able to stream videos from Amazon’s existing services, according to a WSJ report, citing people familiar with the matter.

Amazon hasn’t made any official statements regarding its intentions for a (possible) set-top box. A release just prior to the Christmas season would give them a strategic advantage on a crowded market.

We’ve heard talks about Amazon releasing hardware before. Do I need to remind anyone of the “Kindle Phone” that’s been circling in the rumour mill since sometime last year?

But, it wouldn’t be a surprise if the set-top box actually materialised. Amazon would broaden its reach for its other services (streaming).

And looking at Amazon’s other hardware venture – the Kindle Fire – the company hasn’t done too shabby.

Read more: http://evertiq.com/news/32856

PostHeaderIcon Eurotech sells subsidiary to Curtiss-Wright

Eurotech has signed an agreement with Curtiss-Wright Controls, Inc. for the sale of Parvus Corporation, the American fully-owned subsidiary of the Eurotech Group.
The consideration for the transaction has been set by the parties at USD 38 million (equal to approx. €28.1 at current exchange rates), net debt free. This amount will be subject to adjustments based on the working capital as at September 30th, 2013.

Positive adjustments in favour of Eurotech will have a cap of USD 300 thousand. The collection of the consideration, net of escrow deposit for 18 months to cover contractual warranties, will be USD 35 million at the closing date, which is today October 1st 2013, while the adjustment based on the working capital will take place within 150 days from that date.

Read more: http://evertiq.com/news/32852

PostHeaderIcon Elektrobit and Daimler strengthen partnership

Elektrobit (EB) and Daimler are strengthening their partnership for developing Daimler’s embedded driver assistance software.
“This close cooperation between Daimler and EB, with EB taking the role of a direct software provider for driver assistance, is unseen before in the automotive industry,” said Alexander Kocher, president of EB’s Automotive Business Segment. “It underlines the growing importance of software as a key differentiation factor also in the driver assistance area, for both luxury and mass market vehicles and also mirrors the increasing separation of software from hardware components. Together with Daimler we are now developing strategies to meet the growing complexity of driver assistance.”

Joachim Missel, senior manager – Camera-Systems and Parking-Assistance Mercedes-Benz Cars, Daimler commented, “During the last two and a half years, we have delivered more than 230 version releases with 75 series approvals with EB – and all these releases have been on time. Thanks to EB’s expertise in developing automotive-grade software for driver assistance, we are able to deliver vehicles with a maximum of safety, quality and performance.”

Read more: http://evertiq.com/news/24779