Numerex Reports First Quarter 2011 Financial Results
"Numerex is poised to benefit from the commercialization of key projects, recently forged alliances with M2M industry leaders, and new product launches," stated Stratton Nicolaides, chairperson and CEO of Numerex. "We continue to invest in our Business Solutions client programs with new hires and state-of-the-art infrastructure required to meet anticipated demand from wireless operators and global enterprise groups. We believe that our focus on scaling our M2M service platforms will allow us to pursue additional growth opportunities and result in improved operating leverage."
Key metrics for the first quarter 2011:
2010 | 2011 | |
Total M2M Revenues ($ millions) | 13.5 | 12.7 |
M2M Service Revenues ($ millions) | 9.0 | 7.9 |
Gross Margin |
44.2% | 44.2% |
GAAP Net Earnings/(loss) ($ thousands) | 230 | (31) |
Earnings per share ($) | 0.02 | 0.00 |
New subscriptions | 53,000 |
40,000 |
Cumulative subscriptions | 1,224,000 | 977,000 |
Financial Highlights:
- Increased subscriptions by 25% to 1,224,000 at the end of the first quarter of 2011, compared to 977,000 recorded at the end of the first quarter of 2010. During the quarter ended March 31, 2011, the Company added 53,000 net subscriptions, as compared to 40,000 net subscriptions added in the first quarter of 2010.
- Reported consolidated revenue of $13.8 million compared to $13.0 million in the first quarter of 2010. During the quarter ended March 31, 2011, the Company reported service revenues of $9.2 million and hardware revenues of $4.6 million compared to $8.2 million in service revenues and $4.8 million in hardware revenues, respectively, during the same period in 2010.
- Consolidated gross margin for the three months ended March 31, 2011 was 44.2% compared to 44.2% during the same period in 2010.
- GAAP earnings from operations were $270,000 compared to $45,000 in the first quarter of 2010. The increase was due to an improved revenue mix of higher-margin service revenues that were partially offset by the growth in sales and marketing expenses. GAAP net earnings for the three months ended March 31, 2011 were $230,000 compared to a loss of $31,000 during the same period in 2010.
- Ended the first quarter of 2011 with cash and cash equivalents of $4.1 million compared to $10.3 million at December 31, 2010. The decrease in cash and cash equivalents was primarily due to a litigation settlement of $5.5 million, which included a repurchase of 320,833 shares at $9.04 per share.
- On April 25, 2011, announced an increase to the Company's credit facility from $5 million to $10 million and the filing of a $30 million universal shelf registration statement. No amounts are currently outstanding under the credit facility.
- The Company's Operational Highlights include:
- Announced a co-marketing agreement with Tekelec, the mobile broadband solutions company, to deliver intelligent M2M solutions to global service providers. The solutions combine Numerex's M2M service platforms; embedded and integrated devices; and M2M service expertise, with Tekelec's M2M service enablement solution, including Subscriber Data Management, Policy and Session Management, Mobile Messaging, and Performance Intelligence Center.
- Numerex and Enfora, a subsidiary of Novatel Wireless, announced an agreement to enable Intelligent Global Pooling Systems (iGPS Company, LLC) to provide global monitoring of its innovative all-plastic pallets with embedded RFID tags through the use of the Numerex WorldPass global network service.
- Renewed its contract with the QinetiQ group, in which the Company plays a pivotal role, to provide continuing support to FEMA's disaster relief operations.
- Announced collaboration with Cinterion that will combine Cinterion's portfolio of wireless modules with the Company's network and application technology to provide a full range of integrated M2M services.
Financial Outlook for Fiscal 2011
- Annual Subscription Growth 25%-30%
- Annual M2M Service Revenue Growth 18%-23%
Source: Numerex
Numerex Announces $10 Million Credit Facility and $30 Million Shelf Registration
"We are very pleased with Silicon Valley Bank's support and the confidence they have exhibited in the Company and in our M2M business model," stated Alan Catherall, CFO of Numerex. "With this expanded credit facility and the shelf filing, we have better positioned Numerex to take advantage of strategic opportunities, if and when they arise. At the present time, we have no specific plans to issue securities under the registration statement."
The Company has amended its existing credit facility with Silicon Valley Bank to increase the revolving line of credit by $5 million to a total of $10 million with a new 4-year term that will be available for general working capital needs and issuance of letters of credit. "We expect that the M2M sector will exhibit strong future growth so we're pleased to be in a position to assist Numerex with an expanded revolving line of credit," said Andy Rico of Silicon Valley Bank in Atlanta. "The additional flexibility this financing provides will help Numerex achieve its growth goals and we wish them ongoing success."
Numerex also announced, today, the filing of a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC"). When the registration statement is declared effective by the SEC, Numerex will be able to offer and sell up to $30 million of equity securities as described in the registration statement. The terms of any offering under the shelf registration statement will be determined at the time of offering. Proceeds from the sale of any securities will be used for the purposes described in a prospectus supplement filed at the time of an offering.
The registration statement has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under securities laws of any such state or jurisdiction. Any offering of these securities will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering.
About Numerex
Numerex Corp (NASDAQ: NMRX) is a leading provider of business services, technology, and products used in the development and support of machine-to-machine (M2M) solutions for the enterprise and government markets worldwide. The Company offers Numerex DNA® that includes hardware and smart Devices, cellular and satellite Network services, and software Applications that are delivered through Numerex FAST™ (Foundation Application Software Technology). Customers typically subscribe to device management, network, and application services through hosted platforms. Business services enable the development of efficient, reliable, and secure solutions while simplifying and speeding up deployment through streamlined processes and comprehensive integration services. Numerex is ISO 27001 information security-certified.
Novatel Wireless Named One of the Top Five Most Innovative Tech Companies in America
27 April 27 2011- Novatel Wireless, a leading provider of wireless broadband solutions, today announced that it was named by Forbes as one of the Top Five Most Innovative Tech Companies in America.
The top five companies were identified as a list of the five companies from the tech sector that score highest on an objective basis based on online references as an innovator or prized for its new products. The Forbes Article ranked Novatel Wireless as the fourth after Cymer, Cray and Finisar Corporation. Echelon Corporation was named the fifth most innovative company.
"We're very pleased to be included in the Forbes article as one of the top five most innovative tech companies in America," says Peter Leparulo, CEO of Novatel Wireless. “We have been relentless in pushing the pace of innovation in our markets and advancing the industry, from first-to-market with numerous broadband solutions, form factors, and technologies, to the Novatel Wireless MiFi® Intelligent Mobile Hotspot. With our MiFi Intelligent Mobile Hotspot, we created a whole new product category in the wireless ecosystem and we plan to continue to be a key driver of innovation in the wireless industry.
"Novatel Wireless designs and develops intelligent wireless solutions based on 2G, 3G and 4G technologies providing wireless connectivity and has recently launched multiple 4G mobile broadband solutions and already won five industry awards, from Editors' Choice distinctions, to "Best of" lists, to awards at major wireless associations and tradeshows, including PC Magazine's Editors' Choice and CTIA Emerging Technology Awards. Novatel Wireless' Intelligent Mobile Hotspot products, software, USB modems, embedded modules and smart M2M modules provide innovative anywhere, anytime communications solutions for consumers and enterprises.
Source: Novatel Wireless; Forbes
Novatel Wireless Named One of the Top Five Most Innovative Tech Companies in America
27 April 27 2011- Novatel Wireless, a leading provider of wireless broadband solutions, today announced that it was named by Forbes as one of the Top Five Most Innovative Tech Companies in America.
The top five companies were identified as a list of the five companies from the tech sector that score highest on an objective basis based on online references as an innovator or prized for its new products. The Forbes Article ranked Novatel Wireless as the fourth after Cymer, Cray and Finisar Corporation. Echelon Corporation was named the fifth most innovative company.
"We're very pleased to be included in the Forbes article as one of the top five most innovative tech companies in America," says Peter Leparulo, CEO of Novatel Wireless. “We have been relentless in pushing the pace of innovation in our markets and advancing the industry, from first-to-market with numerous broadband solutions, form factors, and technologies, to the Novatel Wireless MiFi® Intelligent Mobile Hotspot. With our MiFi Intelligent Mobile Hotspot, we created a whole new product category in the wireless ecosystem and we plan to continue to be a key driver of innovation in the wireless industry.
"Novatel Wireless designs and develops intelligent wireless solutions based on 2G, 3G and 4G technologies providing wireless connectivity and has recently launched multiple 4G mobile broadband solutions and already won five industry awards, from Editors' Choice distinctions, to "Best of" lists, to awards at major wireless associations and tradeshows, including PC Magazine's Editors' Choice and CTIA Emerging Technology Awards. Novatel Wireless' Intelligent Mobile Hotspot products, software, USB modems, embedded modules and smart M2M modules provide innovative anywhere, anytime communications solutions for consumers and enterprises.
Source: Novatel Wireless; Forbes
Major New Viper SmartStart™ Release From Directed Electronics Offers Control of Home Alarms
A quick flip of the wrist toggles between the car control and home control screens in the Viper SmartStart app. With the integration of the industry leading interactive security services from Alarm.com, users can now arm and disarm their home security system with one touch using their smartphone.
Home security system remote arming and disarming, powered by Alarm.com, is the very latest feature of the award-winning Viper SmartStart. Depending on the features and installation of their compatible Viper system, Viper SmartStart also allows users to:
- Start their engine to control their cabin temperature
- Lock and unlock their doors from anywhere
- Pop the trunk
- Control the horn or siren as a panic alert or car finder
- Receive security alerts pushed to their smartphone
Users can also take advantage of the useful SmartPark feature, which remembers where the car is parked each time the user locks the car using their smartphone, as well as Viper Motor Club roadside assistance, which is available at no additional charge with all Secure Service Plans.
Viper SmartStart GPS
In addition to the new Home Control feature, Directed Electronics has also just released Viper SmartStart GPS (model number VSM250) which allows users to control, locate and track their vehicle using their smartphone, with additional family safety and social networking features. With Viper SmartStart GPS, parents can get alert notifications pushed right to their smartphone if their teen driver is speeding or drives where they're not supposed to.
Viper SmartStart is currently available on the iPhone, BlackBerry and Android platforms. Current users can update their app to v2.2 to receive home control features. To enable smartphone control of an Alarm.com-enabled home security system, please visit www.alarm.com to find an authorized dealer.
About Directed Electronics
Headquartered in Southern California, Directed Electronics is the largest designer and marketer in North America of consumer-branded vehicle security and remote start systems (sold under Viper®, Clifford®, Python®, Autostart® and other brand names). Directed Electronics is also a supplier of mobile audio products sold principally under the Orion® brand name, and digital OEM Integration products sold under the XPRESSKIT® brand name. Directed Electronics markets its broad portfolio of products through many channels including leading national retailers and specialty chains throughout North America and around the world. Founded in 1982, the company's primary operations are located in Vista, California and Quebec, Canada. For more information, please visit www.directed.com. Directed Electronics is a business unit of DEI Holdings, Inc.
About Alarm.com
Alarm.com is the industry leading technology provider of interactive security solutions. Through advanced wireless monitoring and web-based services, Alarm.com helps protect hundreds of thousands of residential and commercial customers throughout North America. Alarm.com's products and services are offered exclusively through a network of over 1,500 licensed and authorized Security Dealers. Visit www.alarm.com to learn more.
Source: PRNewswire
AT&T Adds 1.6 Million Emerging Device Connections in 1Q 20211
AT&T has certified more than 1,000 wireless specialty consumer and machine-to-machine devices – such as eReaders, netbooks, digital photo frames, personal navigation devices, and home security monitoring and smart grid devices – for use on its wireless network. AT&T opened a dedicated emerging device certification lab in Austin in September 2009 to serve as the hub for testing network compatibility, data performance and audio quality for a broad range of non-traditional, wirelessly-enabled devices. The lab also manages field tests for these devices in markets across the country.
In addition to an already leading portfolio of emerging and connected devices, AT&T has announced plans this year to support several new devices, including:
- AT&T announced an agreement with Ford Motor Company to wirelessly connect the Ford Focus Electric, Ford's first all-electric passenger car. Announced in January at the 2011 International CES, the new Focus Electric enters production at the Michigan Assembly Plant in late 2011.
- AT&T will provide the nationwide network connection for Acer's first 4G tablet, the Acer Iconia Tab A501, beginning this summer. The 10 inch Acer Iconia Tab A501 will feature the Android 3.0 operating system with Android Marketplace, and an NVIDIA Tegra 250 1GHz dual core processor with integrated graphics for the fastest HD gaming, web and multimedia experience.
- During CTIA, AT&T announced an agreement to provide wireless connectivity for the BlueLibris personal monitoring device. The BlueLibris small wearable device allows real-time communication with an adult or child wearing the device through call-center capability. BlueLibris plans to add, subject to any required regulatory approval, near real time monitoring of patient physical activity and physical information collected from other peripheral devices.
- AT&T and Georgia-based startup E3 Greentech announced at CTIA 2011 an agreement to provide wireless access to a central unit, the E3 Intelligent Bridge located in the home, to help homeowners and property managers optimize their energy use by automatically reducing energy waste.
- AT&T will wirelessly connect EmFinder's EmSeeQ® device, a single purpose wireless device that upon activation dials 911 and reports its location directly to emergency responders. The EmSeeQ is useful for individuals with medical impairments that make them prone to wandering, including those with autism, Down syndrome or Alzheimer's disease. It can only be activated by the EmFinders operation center at the request of the caregiver.
The AT&T wireless network enables consumers and business customers access to a range of new, innovative solutions and applications that help make their lives and workplaces more efficient and productive. The AT&T emerging devices portfolio includes consumer electronics devices, rugged handsets and laptops for industrial environments. In addition, AT&T's machine-to-machine applications help enterprises and governments to track, monitor, maintain and manage their remote assets to optimize asset utilization and mobilize their business processes.
"For emerging devices, AT&T remains the network of choice by committing to collaborate with consumer electronics manufacturers in the emerging devices ecosystem in order to drive innovation and growth," said Glenn Lurie, president of emerging devices, resale and partnerships, AT&T. "We've developed the infrastructure to help electronic manufacturers quickly bring their products to market, creating new business models, offering new pricing structures for customers who purchase emerging devices, and continually expanding our mobile network capabilities to support the long-term growth of these devices."
AT&T created its emerging devices organization in 2008 and has emerged as the clear industry leader in one of the wireless industry's fastest growing areas. Recognizing the growing demand for emerging device solutions in the enterprise market, AT&T also formed the Advanced Mobility Solutions Group in May 2010. The group delivers advanced mobile applications and solutions for both traditional and emerging devices to businesses, governments and organizations of all sizes.
"We see accelerating interest in mobile-driven business transformation, leveraging both machine-to-machine and mobile applications solutions for core business process evolution across all industries," said Chris Hill, Vice President, Advanced Mobility Solutions. "In the past quarter we have seen significant demand for our mobile integrator services, including global M2M solutions, as well as delivering configured mobile applications to transform our customer businesses."
Source: PRNewswire
Ericsson Announces Intention to Acquire Telenor Connexion’s M2M (Machine-to-Machine) Technology Platform
Telenor Connexion also becomes the first customer to Ericsson on its Device Connection Platform, a service launched during the Mobile World Congress in February. The Device Connection Platform offers telecom operators a way to set up tailored M2M services for enterprise customers and is brought to market with a 'software as a service' business model, providing a low initial investment in technology and a fast time to market.
Mobile connectivity is used in several M2M solutions such as smart meters and fleet management and is useful in all products with software, which can be easily upgraded if they were connected to a mobile network.
Per Simonsen, CEO at Telenor Connexion says: "M2M solutions have gained momentum and the market is much more mature compared to when we formed Telenor Connexion in 2008. Utilizing our offering on Ericsson's platform means that we can focus our resources on value adding services, improved and customized products, and partnerships to further strengthen our position as the leading provider of premium M2M solutions for business and life critical applications."
Magnus Furustam, Vice President, Head of Core & IMS at Ericsson, says: "Telenor Connexion's M2M technology platform complements our service and will improve our offering, adding the know-how of the pioneers in this area. Our ambition is to grow the M2M market and offer our customers a solution that they can quickly use on the market for a low initial investment."
The acquisition includes Telenor Connexion's M2M technology platform and transfer of eleven employees who will continue to work with development of the service offering provided on Ericsson's Device Connection Platform.
The acquisition is not subject to approval from authorities but to contractual agreements before closing. No financial details about acquiring the assets have been announced.
About Ericsson
Ericsson is the world's leading provider of technology and services to telecom operators. Ericsson is the leader in 2G, 3G and 4G mobile technologies, and provides support for networks with over 2 billion subscribers and has the leading position in managed services. The company's portfolio comprises mobile and fixed network infrastructure, telecom services, software, broadband and multimedia solutions for operators, enterprises and the media industry. The Sony Ericsson and ST-Ericsson joint ventures provide consumers with feature-rich personal mobile devices.
Ericsson is advancing its vision of being the "prime driver in an all-communicating world" through innovation, technology, and sustainable business solutions. Working in 175 countries, more than 90,000 employees generated revenue of SEK 203.3 billion (USD 28.2 billion) in 2010. Founded in 1876 with the headquarters in Stockholm, Sweden, Ericsson is listed on NASDAQ OMX, Stockholm and NASDAQ New York
Source: Ericsson
UTC Fire & Security Marks First Anniversary of GE Security Acquisition
UTC Fire & Security has expanded its engineering and product development activities, further establishing the company as an industry leader with strong brands, products and operations across the globe.
In 2010 UTC Fire & Security invested more than $150 million in RD&E and brought 50 new products to market, including: Edwards Vigilant fire detection panels with a broad range of features and the EST3-60 mass notification system that provides a panoramic view of threat detection and crisis management; Lenel ILS, the industry's first electromechanical lock, built specifically for integration with the OnGuard access control system; and the interactive services home security and lifestyle management solution that allows remote monitoring of a home's security system, lighting, heating, air conditioning and more.
UTC Fire & Security also recently broke ground on a new U.S. Fire Innovation & Test Center that will integrate testing, engineering and customer demonstration capabilities into one state-of-the-art facility, enabling delivery of leading technologies and cost-effective solutions to customers around the world.
"In the past year alone, we've seen a step change in our product velocity, and this will continue through 2011, where we expect to grow our RD&E spend by 15%. We continue to focus on innovation and technology, and are very optimistic about the future," said Romano.
About UTC Fire & Security
UTC Fire & Security provides fire safety and security solutions to more than 1 million customers worldwide. Headquartered in Connecticut, U.S., UTC Fire & Security is a business unit of United Technologies Corp. (NYSE: UTX), which provides high technology products and services to the building and aerospace industries worldwide.
Source: UTCC Fire & Security
iControl Partners With C24 Interactive to Bring Home Management Solutions to DSC Security Systems Dealer and Partner Network
The iControl OpenHome Software Platform enables home security companies, broadband service providers and utilities to offer interactive services to their customers allowing them to control and connect to their homes—including security and energy systems, interactive video, remote lighting, thermostat and door lock control, and more—via the web, iPhone/iPad/iPod Touch, Android and other mobile devices.
"C24 Interactive and iControl will provide a next generation home management and security solution that offers the kind of connectivity DSC customers want today," said Chuck Hutzler, Vice-President, Product Management for Tyco Security Products.
About iControl Networks
iControl Networks is a venture-backed software and services company providing interactive solutions defining the broadband home management market. The iControl OpenHome™ Software Platform, an award-winning software solution that has made the Connected Home a reality, enables home security companies, broadband service providers and utilities to offer the next generation of home management, security and connectivity to their customers. Investors in iControl include ADT, Charles River Ventures, Cisco, Comcast Interactive Capital, GE Security, Intel Capital and the Kleiner Perkins Caufield and Byers iFund.
About Tyco Security Products
Tyco Security Products, a business unit of Tyco International, is a unified group of world-leading access control, video and intrusion brands. Operating in more than 40 offices with over 2000 employees, these brands- American Dynamics, Bentel, CEM Systems, DSC, Kantech, Software House, CONNECT24 and Sur-Gard- have more combined years of experience in the security industry than any other group in the world. Our security integration platforms, built by our developers from across all product disciplines allow our customers to see more, do more, and save more. Our solutions today are designed to be compatible with the technology of tomorrow.
Source: iControl Networks
Iomega Partners With Axis Communications for Cloud-based Hosted Video Surveillance in the SMB Market
The AVHS-enabled Iomega network storage devices, along with Axis network cameras and encoders, allow resellers and integrators to deliver world class video surveillance capabilities to small and medium-sized customers that are secure, remotely accessible, and a cost effective solution compared to DVR-based analog systems with small camera counts.
"Eliminating the need for expensive and complex DVRs, as well as reducing the necessity of elaborate onsite infrastructure for low camera count deployments, gives our mutual customers a more secure, highly available and cost-effective solution for their video surveillance needs," said Jonathan Huberman, president of Iomega Corporation. "By partnering with Axis to integrate AVHS into our award-winning StorCenter network storage products, powered by EMC's world class security and storage technologies, Iomega continues to deliver advanced yet economical network storage solutions to the marketplace."
About AVHS
AXIS Video Hosting System (AVHS) software is Axis' platform for creating a service provider-specific portal to manage video surveillance hosting and monitoring services for any end-user with an Internet connection. The platform, which was created for professional-level video surveillance, is currently designed for fast onsite deployments of a few cameras per site -- typically less than 10 -- and is especially beneficial for organizations with many sites, such as franchises and bank branches.
"Before the emergence of hosted video surveillance, end-users who needed only a few cameras per site to secure their properties -- such as convenient stores, gas stations, and small offices -- were left to use outdated analog technology as the most cost-effective solution," said Fredrik Nilsson, general manager, Axis Communications Inc. "By working together with reputable storage and IT security partners such as EMC's Iomega, we can deliver IP-based video systems to these end-users, which provides much more flexibility, superior image quality and local intelligence with easy-to-install products."
Iomega and Axis Partnership Pays Early Dividends
As part of the Axis Technology Partner Program (TPP), Iomega co-developed the solution with Axis to ensure the highest degree of integration and support. Iomega has included the AVHS client on its new double-drive desktop Iomega® StorCenter™ ix2-200 Cloud Edition NAS unit, which ships with up to 6TB* of networked storage capacity, as well as the new quad-drive desktop Iomega® StorCenter™ ix4-200d Cloud Edition, with up to 12TB of storage capacity.
In video storage terms, users monitoring even a busy scene can expect approximately 40 days worth of storage for four cameras recording to 4TBs of usable capacity at typical default settings (640x480, 30% compression, and full frame rate). To maximize storage functionality, integrators can work with end-users to set event-based recording triggers that will stream higher quality, HDTV or megapixel video to the device on motion or audio detection, for example.
In the second half of 2011, Iomega will integrate the AVHS client into its rackmount network storage products, including the four-drive Iomega® StorCenter™ ix4-200r, with up to 8TB of networked storage capacity; and the 12-drive Iomega® StorCenter™ ix12-300r, with up to 24TB of networked storage capacity.
An Integrator's Take on New Iomega-Axis Hosted Video Surveillance Solution
"Iomega's unique StorCenter devices are proof that end-users are the ultimate beneficiary when the physical security industry works closely with innovations driven from the IT and consumer worlds," said Phil Atteberry, director of Managed Security Solutions, Siemens Industry, Inc. "Those customers operating limited surveillance assets are no longer confined to using analog technology because of cost. They now have the option to reap all the benefits of IP surveillance at an attractive price."
The combination of Iomega StorCenter storage devices and Axis network cameras allows customers to select different recording and retention policies for both on-site and off-site video files, and also allows remote access from any web browser. The solution enables businesses to leverage the power and cost effectiveness of cloud services, or select a proprietary onsite system with the StorCenter unit acting as the NAS. Hosted video customers will pay for only the storage they need, allowing them to grow their infrastructure without requiring additional capital investment. Deployment times will also be greatly reduced due to limited infrastructure requirements.
Iomega StorCenter Network Storage Capabilities
The Iomega StorCenter network storage units utilize the acclaimed EMC LifeLine™ software, a fully-developed Linux operating environment and suite of applications that is designed for cross-platform support with Windows®, Mac® and Linux computers. The LifeLine operating system presents a simple-to-use graphical interface that makes it easy to perform valuable business tasks while remaining confident that data is securely stored, protected, and accessible whenever and wherever you need it.
Available in 2TB, 4TB, 6TB, 8TB and 12TB capacities, the StorCenter ix2-200 Cloud Edition and the StorCenter ix4-200d Cloud Edition desktop NAS devices utilize a simple four-step setup process that has the units operational in a matter of minutes. Starting at less than $300.00, Iomega StorCenter desktop NAS units provide robust data management and protection for the serious business user, as well as the latest in multimedia serving and remote access features that make it a breeze to access data, whether in the office or anywhere else in the world (with an Internet connection).
Among the many business features of the StorCenter ix2-200 and the StorCenter ix4-200d Cloud Editions:
- Iomega's new Personal Cloud technology, which allows users to remotely access and share encrypted files with up to 250 co-workers and friends without any of the monthly or annual fees associated with traditional cloud services.
- Device-to-device replication for business continuity and file recovery
- iSCSI block-level access for efficient storage utilization
- RAID 1 configuration for StorCenter ix2-200, and multiple RAID configurations for StorCenter ix4-200d for optimized data protection
- Remote access and management
- Windows® Active Directory support
- A front panel QuikTransfer button for easy copying of selected files
- User replaceable hard drives
- Multiple IP security camera support
- iSCSI block-level access with the StorCenter ix4-200d for efficient storage utilization
- And for the forward-thinking small business, VMware®, Microsoft Hyper-V, and Citrix XenServer certification for virtualization installations.
Pricing, Availability and Warranty
The Iomega® StorCenter™ ix2-200 Cloud Edition NAS starts at less than $300.00. The Iomega® StorCenter™ ix4-200d Cloud Edition NAS starts at less than $800.00. (Pricing is U.S. suggested retail.)
For more information on Iomega's complete line of storage products, including current pricing for all StorCenter models, please go to www.iomega.com.
Iomega StorCenter devices carry a three-year warranty with registration.
About EMC
EMC Corporation (NYSE: EMC) is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information.
About Iomega
Iomega Corporation, a wholly owned subsidiary of EMC Corporation headquartered in San Diego, is a worldwide leader in innovative storage solutions for small businesses, home offices, consumers and others. The Company has sold more than 425 million digital storage drives and disks since its inception in 1980. Today, Iomega's product portfolio includes industry leading network attached storage products for the home and small business; one of the industry's broadest selections of direct-attached portable and desktop external hard drives; and multimedia drives that makes it easy to move video, pictures and other files from the computer room to the livingroom.
Source: EMC Corporation