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Vendor appellation : Lotus
: 77 actual Questions

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Lotus Lotus pile Forms Applications

further particulars of Lotus website regeneration unveiled, together with creation of current jobs | killexams.com actual Questions and Pass4sure dumps

published: 11:45 12 October 2018 | up-to-date: 11:45 12 October 2018

An artists' stamp of the current client suffer centre deliberate by way of Lotus at its Hethel headquarters. picture: Feilden+Mawson.

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The Hethel-based mostly carmaker unveiled a multi-million pound expansion way ultimate month, which contains the addition of a inheritance museum celebrating the 70-year history of the Famous company.

With the planning software now formally submitted, it can furthermore subsist printed the museum and associated museum will create a 14 current job vacancies at the web site - each and every full-time positions.

On suitable of this, the introduction of a current consumer groundwork pile will furthermore create an additional six positions, furthermore full-time posts.

in the meantime, documents submitted with the utility occupy revealed additional particulars of just what the investment could imply for the future of the headquarters.

The design and entry statement for the museum states it has been mainly designed to occupy stupendous windows, to permit friends no longer only to soak up the cars on screen interior, however additionally the environment.

It says: “The ratio of glazed to solid has been developed to maximise the connection between internal and out, to subsist able to view the landscape from inside the building.

“this is faultfinding for the museums as the vehicles should quiet predominantly subsist considered with landscape within their context.”

Even the immediate four,000m/sq pile itself has been designed with the company in mind, with the inclusion of a cover designed to create the hunt of the rear spoiler of a Lotus Evora automobile.

speaking on the unveiling of the plans, community Lotus’ chief govt Feng Quinqfeng mentioned: “Hethel is, and may at each and every times be, the coronary heart of Lotus and their plans are the subsequent step in readying the web site for the next 50 years.

“Hethel is rightly the centre of the brand and what greater region for customers, aspiring owners and team of workers to event their values?”

A 2,175m/sq ‘consumer journey’ pile in the meantime is to encompass a viewing platform overlooking the site’s noted test tune, linked to the restaurant and museum by way of a 7.2m boulevard.

The plans had been submitted to South Norfolk Council in four individual applications, one for the museum and restaurant and an additional for event base, with extra purposes so as to add a roof terrace and restructure on-website parking.


Microsoft declares current application and Messaging Migration outfit for Lotus Notes/Domino purchasers | killexams.com actual Questions and Pass4sure dumps

REDMOND, Wash. — Jan. 17, 2006 — As allotment of its broader strategy to deserve it more straightforward for Lotus Notes/Domino agencies to rush to the Microsoft collaboration platform, Microsoft Corp. nowadays introduced a set of current and up to date tools to serve companies analyze their Notes/Domino software environment and traipse vital software records to Microsoft’s collaboration platform. These tools, which should subsist attainable for free download, include the Microsoft® application Analyzer 2006 for Lotus Domino, Microsoft information Migrator 2006 for Lotus Domino, and current home windows® SharePoint® services application Templates. in addition, Microsoft introduced the immediate availability of updated messaging and calendaring migration and coexistence equipment, purchasable now for gratis down load, that encompass alternate Connector for Lotus Notes/Domino, trade Calendar Connector for Lotus Notes/Domino and Migration Wizard for Lotus Notes/Domino. Microsoft continues to subsist the collaboration platform of alternative with a whole lot of groups global, akin to Arcelor, First statistics Corp. and Wolters Kluwer, making the altenative to movement in the past six months. leading trade analyst company IDC has furthermore identified Microsoft because the market leader in built-in Collaborative Environments, with a fifty one p.c share, a 10 percent distance over its nearest competitor in response to 2004 income.*

“every year Microsoft invests more than $seven-hundred million (U.S.) on the workplace gadget of classes, servers and features to deserve unavoidable their shoppers collect essentially the most value viable from their built-in collaboration platform. these days we're responding to the tenacious require we’re seeing from purchasers the utilize of Lotus Notes/Domino who're planning a transition to this platform,” pointed out Kurt DelBene, corporate vice chairman of the office Server group at Microsoft. “This announcement is a huge step in their customary approach toward assisting these valued clientele deserve the circulate as a way to commence to occupy competencies of their platform’s benefits.”

New tools Ease utility and Messaging Transition

Many groups are looking for information in constructing and executing on a transition way for their Lotus Notes/Domino functions. the current and up to date Microsoft outfit announced nowadays will assist shoppers analyze and address their entertaining environments. The tools encompass privilege here:

  • Microsoft utility Analyzer 2006 for Lotus Domino. This tool, purchasable in the first quarter of 2006, will tremendously extend the manner of examining a Notes/Domino utility environment and provide a framework for making thoughts to transition these applications to the Microsoft platform.

  • Microsoft statistics Migrator 2006 for Lotus Domino. This current device, accessible within the second quarter of 2006, will enable companies emigrate information from Lotus Domino template-primarily based applications to home windows SharePoint functions utility Templates.

  • additional windows SharePoint capabilities software Templates. constructing on the success of 30 application templates launched in August 2005, Microsoft announced three current utility templates attainable today developed for purchasers the usage of equivalent Lotus Notes/Domino templates these days: discussion Database, crew toil web site and document Library.

  • updated Messaging and Coexistence equipment. To assist businesses with the transition from Lotus Notes/Domino messaging to Microsoft alternate Server, Microsoft is presenting improved performance and accelerated stability for change Calendar Connector for Lotus Notes/Domino, exchange Connector for Lotus Notes/Domino and Migration Wizard for Lotus Notes/Domino.

  • Microsoft will proceed to bring current options to assist these clients deserve the transition to Microsoft’s collaboration platform. as an instance, there's a identified should supply a means for customers to construct and customize workflow-enabled functions on SharePoint products and applied sciences, and Microsoft could subsist addressing this need within the coming months.

    shoppers and companions pick Microsoft’s built-in Collaboration Platform

    purchasers are making the strategic trade resolution to traipse to Microsoft’s collaboration platform to boost employee productiveness, cleave back IT prices and enrich enterprise approaches. Arcelor, a leading player in the world steel industry, recently decided to standardize its 50,000 European users on the Microsoft collaboration platform with the majority of them touching from Lotus Notes and MEMO. First facts Corp., which employs 32,000 americans international, announced this month that it is relocating from Lotus Notes/Domino to the Microsoft platform. during the past six months, tons of of Lotus Notes/Domino shoppers occupy begun making the rush to Microsoft’s collaboration platform. Some of these consumers encompass Adaptec Inc., groundwork nv/sa, BC Biomedical Laboratories, BRFkredit, CompUSA, Endsleigh, FNAC, Sanborns, SGS, Wolters Kluwer and Wonderware.

    “After an intensive evaluation of their atmosphere, they diagnosed that they might greatly cleave expenses and enhance productiveness for their 18,four hundred personnel by way of replacing it with Microsoft’s integrated collaboration answer,” stated Kevin Taylor, vital architect for inner expertise Outsourcing at Wolters Kluwer.

    furthermore, global migration solution providers comparable to Casahl technology Inc ., Quest software Inc. and SourceCode Corp. supply complementary options to assist these consumers in their move. “during the eventual eight months they occupy seen a Definite style of larger organizations opting for to movement from Lotus Notes to the Microsoft collaboration platform,” said David Waugh, vp, product management, Infrastructure administration options at Quest application. “today they are licensing their migration software at a fee averaging 50,000 seats per thirty days, which they behold as a powerful indicator of the extent of valued clientele relocating to Microsoft’s collaboration platform. clients are searching for a way to immediately and seamlessly rush to the Microsoft platform, and Quest is chuffed to give options that back them meet that need.”

    finally, functions suppliers corresponding to Avanade, Fujitsu Consulting, Infosys technologies Ltd. and Tata Consultancy functions are proposing consulting advantage. “within the remaining six months, worldwide require for Avanade’s migration features from Lotus Notes/Domino to the Microsoft collaboration platform has more than doubled, and they predict to behold that extend proceed,” stated Larry LeSueur, vice chairman of Infrastructure and protection options at Avanade. “To maneuver this customer need, Avanade has invested in establishing a Lotus Notes/Domino messaging and utility migration concede in line with their previous enterprise migration successes, and they are desirous to consist of Microsoft’s current outfit within the portfolio.”

    extra guidance on these tools and resources can subsist establish at http://www.microsoft.com/technet/interopmigration/collaboration/default.mspx.

    situated in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in utility, capabilities and solutions that serve people and businesses know their full advantage.

    * supply: IDC’s international integrated Collaborative Environments 2004 supplier Shares: heat Spots establish on the Expanse of ICE, June 2005

    Microsoft, home windows and SharePoint are either registered emblems or trademarks of Microsoft Corp. within the united states and/or different countries.

    The names of actual businesses and products outlined herein can subsist the emblems of their respective owners.

    be awake to editors: if you are interested in viewing more information on Microsoft, gratify consult with the Microsoft net web page at http://www.microsoft.com/presspass on Microsoft’s company counsel pages. internet links, cellphone numbers and titles occupy been rectify at time of book, but may additionally on account that occupy changed. For extra suggestions, journalists and analysts may contact Microsoft’s quick Response team or other applicable contacts listed at http://www.microsoft.com/presspass/contactpr.mspx.


    Lotus, IBM Launch E-Biz Developer materials | killexams.com actual Questions and Pass4sure dumps

    information

    Lotus, IBM Launch E-Biz Developer elements
  • by means of Scott Bekker
  • 06/12/2000
  • Lotus construction Corp. and IBM Corp. unveiled two current substances for software builders concentrated on collaborative technologies. The Collaboration Zone on IBM developerWorks presents purpose content material on the latest applied sciences for builders constructing open, specifications-primarily based, and move-platform collaborative options.

    additionally, Lotus (www.lotus.com) Developer community (LDN), a current Lotus useful resource site, presents builders in-depth information for pile collaborative e-business functions and a gateway to the Lotus developer community.

    LDN is a neighborhood-primarily based, self-provider e-enterprise site, which presents builders access to a significant repository of counsel on Lotus internet application items, strategy, and construction tendencies. It serves as a vacation spot for both Lotus and non-Lotus builders to collect the latest technical counsel and supplies on collaborative e-company functions, options, and trade information.

    LDN presents technical articles and intelligence features, online researching, and sample code, as well as technical aid.

    in addition to LDN, the current Collaboration Zone of developerWorks (www.ibm.com/developerworks) offers sample code, technical articles, skilled columns, and trade intelligence on collaborative utility construction that makes utilize of open requirements similar to Java, XML, and Linux, in addition to open workflow and messaging requirements.

    each LDN's and developerWorks' neighborhood-based mostly guidance can furthermore subsist accessed free of charge. - Isaac Slepner

    in regards to the writer

    Scott Bekker is editor in chief of Redmond Channel companion journal.




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    EnSync, Inc. (ESNC) CEO Brad Hansen on Fiscal Q1 2019 Results - Earnings summon Transcript | killexams.com actual questions and Pass4sure dumps

    EnSync, Inc. (NYSEMKT:ESNC) Q1 2019 Results Earnings Conference summon November 12, 2018 4:30 PM ET

    Executives

    Joe Dorame - Managing Partner, Lytham Partners

    Brad Hansen - President and Chief Executive Officer

    Bill Dallapiazza - Chief monetary Officer

    Analysts

    Eric Stine - Craig-Hallum Capital Group

    Sameer Joshi - H.C. Wainwright & Co.

    Aaron Spychalla - Craig-Hallum Capital Group

    Operator

    Good day and welcome to the EnSync Energy first quarter fiscal year 2019 results. each and every participants will subsist in listen-only mode. [Operator Instructions] After today's presentation, there will subsist an opportunity to hunt information from questions. [Operator Instructions] gratify note this event is being recorded.

    I would now enjoy to eddy the conference over to Joe Dorame with Lytham Partners. gratify traipse ahead.

    Joe Dorame

    Thank you, Sean. qualified afternoon and welcome to the EnSync Energy Systems quarterly conference call. On the summon with me today are Brad Hansen, CEO of EnSync Energy Systems, and Bill Dallapiazza, Chief monetary Officer.

    The EnSync Energy Systems' press release containing the first quarter fiscal 2019 results and commentary was sent out earlier this afternoon, and may furthermore subsist establish on the company's website at www.ensync.com.

    Please occupy note of the Safe Harbor paragraph that appears at the conclude of the press release covering the company's monetary results, and that any forward-looking statements that they deserve only apply as of the date made, and are matter to inherent risks and uncertainties, including those described in their annual report on shape 10-K, and should not subsist unduly relied upon.

    Except as otherwise required by the federal securities laws, the company disclaims any duty or undertaking to publicly release any updates or revise revisions to any forward-looking statements.

    Now, I'd enjoy to eddy the summon over to Brad Hansen, CEO of EnSync Energy Systems. Brad?

    Brad Hansen

    Thank you, Joe. And qualified afternoon. I’ll commence the summon today with commentary on some of the changes taking site in their markets and operating environment. Then Bill will cover their Q1 monetary results and accomplishments, after which I'll provide a more particular commentary on how we’re positioned to occupy handicap of the significant opportunity before us in the residential energy systems market.

    Since their eventual summon about seven weeks ago, there occupy been additional reports and indicators that the energy storage installations in the US market will not only continue to grow, but effect so at a phenomenal rate over the next five to six years. So, I want to occupy some time today to talk about the market, how they behold it developing and how they intend to achieve success.

    We assay that the US market was about $400 million in size on a dollar basis for 2017, approximately split between utility installations and commercial and industrial installations, with only a track amount of residential installs.

    Before 2017, the majority of US installations were for utility frequency regulation. Their solar-plus-storage systems in Hawaii were among the first behind the meter C&I installs in the country, the first to subsist permitted in Hawaii and the first to subsist bankable and sold as PBAs to third-party monetary investors in the US.

    This year, they assay that the overall energy storage systems market will grow 75% compared to 2017, with about 700 million of deployment. Sizable growth, but quiet a relatively small market in aggregate, considering it’s spread across three totally different segments with different buyers and buying needs and motives.

    The mountainous tale for 2018 is that residential energy storage system deployments occupy grown from being inconsequential in 2017 to being larger on a dollar basis than even utility systems in the first half of the year.

    The growth has surprised even the most ardent proponents of residential energy storage. There are a lot of ideas about the drivers for this growth, but it appears that a tipping point has been reached for homeowners’ crave for energy independence.

    This is why we’re so bullish on the segment and the launch timing for their EnSync Smart Home Energy System. I’ll discuss their progress later in the call, but we’re very pleased that, in their current reported backlog, they already occupy $6 million for systems in the residential segment just a half a year after the product announcement, in addition to a robust pipeline of opportunities.

    Now, circling back to the overall energy storage systems market in 2019, they assay the US market size will triple compared to 2018 to approximately $2 billion in size; then in 2020, double year-over-year to around $4 billion in size. In total, from 2019 through 2023, they believe the US market will grow at a 60% compound annual growth rate and subsist worth about $24 billion of opportunity over that period.

    Of this, the residential and utility markets will both subsist over $9 billion in size. Deployed megawatt hours being much bigger for utility systems, but pricing of deployed megawatt hours being much higher for residential.

    Commercial systems occupy been their core market over the eventual three years. The US commercial systems market will subsist the smallest of the three segments, but quiet worth about $5 billion from 2019 to 2023.

    The commercial systems market can subsist divided into two segments, fully integrated microgrids where PV and storage toil together and dynamically operate real-time based upon multiple application requirements and pile load changes.

    This represents about 15% of the commercial systems market privilege now, by their estimate, and will grow to represent about a third of the market by the conclude of the 2019 to 2023 period. We’re the technology leader in this portion of the market and occupy proven operational and bankable systems.

    Many of you already saw that Schneider Electric, their distributed energy resource partner, won a shrink to develop and install a microgrid at the Port of Long Beach. They await a PO from them in the near future and are excited to subsist a allotment of that project in back of their effort.

    The bulk of the current commercial systems market is characterized by solitary application supply response or require clipping systems that are fairly rudimentary and can either periodically freight off the grid or PD and discharge once per day or less.

    This less tangled portion of the commercial systems market represents upside growth potential for us to enter in the coming months and they can leverage portions of their Smart Home Energy System technology to differentiate and add value versus the current competition.

    The US utility systems market is worth a small over $9 billion for the 2019 to 2023 period. They don't currently serve this market segment as it requires a very big equilibrium sheet. It has poverty-stricken system margins relatively and cycle times that are far too long relatively.

    Several factors are fueling the growth in commercial and residential systems, such as utility rates and rate structures; customer crave for resiliency; declining cost and energy storage systems; and for residential, the crave for energy independence that I mentioned previously.

    For example, by some reports, almost three out of every four residential consumers that attach PV on their roof are now expressing a tenacious interest in including energy storage.

    So to summarize, while the US energy storage systems market has been relatively small to date, it's now in the early stages of a rapid and sustained growth period, and they occupy about $15 billion of market opportunity between residential and commercial energy systems through 2023 that they can pursue.

    We occupy differentiated products, technology and trade models that enable residential and commercial clients to achieve energy independence.

    To conclude, energy is a policy driven market, including being impacted by trade policy. Most of you are likely awake that they are among the companies that are working to navigate through the current trade tensions between the US and China.

    While they largely design each and every of their systems and software platforms within EnSync in the US, their production partners for almost each and every of their product modules and components are in China, whether it subsist energy storage batteries or power electronics modules.

    There are currently tariffs in site on solar modules and very soon for the power electronics modules that are shipped from China. It remains to subsist seen how or when this gets resolved, but they believe that any protracted tariff regime at the current level, after speaking to their supply chain partners, will likely result in manufacturers establishing operations in North America directly or in a country with a lower tariff regime.

    With that, I’ll eddy the summon over to Bill to discuss their Q1 fiscal year 2019 results. Bill?

    Bill Dallapiazza

    Thank you, Brad. And I would enjoy to add my welcome to those on the call. Today, I'll traipse through an overview of the monetary results for the first quarter of fiscal 2019.

    For the first quarter, they recorded total revenue of $2.7 million compared to $2.4 million in the first quarter of fiscal 2018. Revenue in the current quarter was positively impacted by the number of PPA projects in progress. Revenue during the first quarter was largely derived from their 10 PPA contracts they occupy under construction compared to 7 PPA contracts in the year-ago period.

    As discussed on their eventual earnings call, they continue to suffer lower permitting in Hawaii which, based on local media reports, appears not to subsist isolated only to us.

    However, near the conclude of the first quarter and into the second quarter, they experienced some positive movement on permitting for these projects.

    Gross margin in the first quarter was 13.2% compared to 12.5% in the year-ago period. The current-quarter margin was below their expected orbit of 15% to 25%, primarily due to project mix with two key market penetrations driving 61% of revenues in the first quarter and margins between 10% and 15%.

    We await grievous margin to expand in the second quarter and the company continues to await grievous margin on future PPA sales to subsist in the orbit of 15% to 25%.

    Advanced engineering and development expenses were $1.2 million during the first quarter compared to $1.4 million in each of the year-ago age and fourth quarter. This reduce from the year-ago age was largely driven by a reduction in stock-based compensation and the winding down of the development facet for the EnSync Smart Home Energy System in the fourth quarter of fiscal 2018.

    SG&A expenses totaled $1.9 million during the first quarter compared to $2.3 million in each of the year-ago age and fourth quarter. This reduce from the year-ago age was largely driven by reduction in legal consulting services and implementation of other cost control initiatives.

    Total advanced engineering and development plus SG&A expenses, excluding stock-based compensation, were $2.8 million during the first quarter compared to $3.3 million in each of the year-ago age and fourth quarter. The company intends to hold spending at or below first-quarter levels during the remnant of fiscal 2019.

    Stock-based compensation was $300,000 during the first quarter compared to $400,000 in each of the year-ago age and fourth quarter.

    Net loss attributable to common shareholders for the first quarter was a negative $2.9 million or $0.05 per basic and diluted share compared to a negative $4 million or $0.07 per basic and diluted share of the year-ago period.

    Estimated backlog value for PPA projects, components and systems as of the date of this summon is $13.8 million. They remain very confident in their current pipeline, in particular their residential pipeline and their skill to monetize it.

    On a quarterly basis, their near-term goal is to grow product signings from the low-single digits a quarter to double-digits, while quarter-to-quarter fluctuations in shrink signings and, in turn, revenues should subsist expected due to the average selling price of their projects. Overall lumpy nature of their trade and the typical quarterly puts and takes, shrink signing is and will subsist one of the benchmarks that they utilize internally to measure their near-term progress.

    In terms of their equilibrium sheet, their cash and cash equivalents at September 30, 2018 was $3 million, which was comparable to the equilibrium at June 30, 2018.

    We utilize cash in operating activities of $2.6 million in the first quarter compared to a usage of cash of $2.8 million in the year-ago age and $2.1 million in the fourth quarter.

    The first quarter was negatively impacted by working capital changes related to inventory procurement and timing of investor milestones. They will continue to evaluate financing options in the future as they grow and shift their trade to a residential-centric model.

    We continue to gain traction with their operational execution in the second quarter of fiscal 2019 and believe that current cash and cash equivalents, cash flows from existing and future projects in their backlog and pipeline, and potential financing available to us in the future will provide enough cash for at least the next five quarters.

    With that, I will eddy the summon back over to Brad.

    Brad Hansen

    Thanks, Bill. They talked a few weeks ago about some of the key product differentiators they occupy with the EnSync Smart Home Energy System. We’re pleased with the early traction we’re getting the market. And as I stated earlier, we've already netted about $6 million in contracts by about the time they ship the first system.

    We’re getting noteworthy feedback on their product from PV developers and installers for the value they bring and the unmatched modularity and capability.

    Our goal is to bring energy independence to the homeowner. To effect so, we’ve developed a product that can not only seamlessly integrate the PV and energy storage into the home energy supply, but we've furthermore – but we’re furthermore managing the require or load of the home with capability to shape energy utilization of water heaters and other major appliances. Their is the first exact smart home energy system available for the residential market.

    Energy can subsist prioritized, scheduled, automatically managed, each and every according to the owner's decisions and machine learning in the home. They thought of solutions for even many relatively nuanced occurrences that can occupy site with a home, enjoy the utilities sending a signal to your PV system to curtail or cleave the output, a very actual scenario in the near future and a phenomenon that already occurs in the commercial systems segment.

    Our Smart Home Energy System can actively sense that signal occurring; and instead of cutting back the PV generation, automatically disconnects from the grid, so you can sprint your PV at maximum output until the utility stops the curtailment signal or until the home load requires the utility power to meet the demand, whereupon the system will automatically reconnect to the grid.

    So, we’ve gone well beyond providing resiliency during an outage. They occupy a complete solution for the energy independence that consumers installing renewables on their homework are craving.

    As they stated in the September call, we’re focused on two different segments in the residential energy system market. The first is property developers, homebuilders and HOAs for multifamily properties or communities.

    We've achieved quick traction in this channel due to their skill to link the energy assets of individual residential units into a peer-to-peer network behind the respective utility meters.

    We effectively create a community microgrid where excess energy from any unit can subsist exported into a DC link rather than out to the utility grid, then utilized by others in the network that occupy require that cannot subsist supplied by their PV or batteries.

    This is game-changing capability because it radically increases the efficiency and utilization of the generation across the overall network and allows optimization to subsist done at the aggregated population rather than unit by unit.

    Each unit can subsist metered, so you know exactly how much energy a resident is exporting or importing from the DC link.

    Our backlog includes the Keahumoa site installation currently under construction. This will subsist the first exact Peer-to-Peer property in the United States where energy is exchanged on a physical link that is bankable and sold to a third-party monetary investor.

    There are another half-dozen multifamily property opportunities in their near-term pipeline that are targeted for Peer-to-Peer energy exchange installations, with at least one of these sets assigned soon.

    Beginning in 2020, California will require each and every current properties to subsist zero net energy, sense they must install renewable energy enjoy PV to defer at least as much energy as they consume.

    Our Smart Home Energy System used in a peer-to-peer network can enable these current developments to implement renewables in the most economical way viable and to achieve energy independence across the community.

    California will require zero net carbon homes birth in 2045, but, surprisingly, there are already developments in progress that want to achieve the status much sooner. They provide a key enabling solution for this policy to become reality.

    The second segment of the residential market for us is individual family homes. They intend on accessing this market by pile a developer network. It will occupy us some time to build out these channels, but it is underway and we’re getting very positive feedback on their product that it’s the only product in the market that provides the complete solution for home energy management.

    We’ll commence shipping 20 systems to channel partners starting in January that will allow them to qualify their product as one of their offerings.

    At present, their Holu Energy team in Hawaii is qualifying additional opportunities that will traipse into their residential project pipeline.

    We set a goal for fiscal year of having at least $15 million of signed deals in site for multifamily residential properties at the conclude of June 2019. We’re nearly halfway to achieving this goal so far this year.

    We’re furthermore targeting to achieve initial residential segment revenue in the next two to three months. By their fiscal year 2020, they await their residential segment trade to subsist larger than their commercial systems trade based upon the elevated growth rate of the market and their heavily differentiated product, enabling qualified traction in that market.

    Our early target states are Hawaii, California, Arizona and Nevada, states where there is already proven market and consumer crave for the energy independence they provide.

    I'd enjoy to immediate by briefly mentioning a few key other accomplishments since their September call. As you saw this morning, they sold their HPU Ocean Pacific PPA. This is the third installation that we’ll occupy constructed with Hawai'i Pacific University, and we’re delighted that they’ve partnered with us to bring renewable energy to the Aloha Tower and Ocean Institute properties.

    As I mentioned, they await to receive a PO from Schneider Electric in the near future for the Port of Long Beach project.

    Finally, they submitted six sites in Illinois into ComEd for interconnection approval. The queue is relatively long and we’ll provide more information on their efforts there as things progress.

    We furthermore continue to reduce operating expenses, while furthermore supporting the execution and growth of the business. And as Bill stated, operating expenses were about $600,000 less in Q1 compared to the year-ago quarter.

    Our margin was impacted this quarter because they had two installations where they elected to occupy a lower margin for strategic penetration purposes almost a year ago. These made up a significant amount of their revenue in Q1; and in Q2, they await to behold a return to the margins of recent quarters.

    This is a truly noteworthy time for EnSync and we’re extremely excited about the energy storage systems growth coming in the US market, especially in the residential market segment where their EnSync smart home energy system breaks current ground in providing the energy independence consumers are seeking.

    We value you calling in today and I'm blissful to now occupy your questions. Sean?

    Question-and-Answer Session

    Operator

    [Operator Instructions]. Their first question comes from Eric Stine with Craig-Hallum. gratify traipse ahead, Eric.

    Eric Stine

    Hi, Brad. Hi, Bill.

    Brad Hansen

    Hi, Eric.

    Eric Stine

    Just wondering if they could start with the microgrid project at Long Beach with Schneider. I know it's early. You're waiting on the PO. But just anything you can share there about how long you await that to eventual and then –

    Brad Hansen

    Hi, Eric. Did they lose you?

    Operator

    It appears that Eric has anywise dropped. If you would enjoy to reenter the question queue, gratify press star then one and they can add you back.

    Brad Hansen

    I assume they dropped the queue actually. Anyway, hoping Eric can quiet hear what they have. Maybe, Sean, you can check why the queue dropped.

    Eric, I assume on the first question with Schneider, their shrink is being negotiated with DGS, which is the situation agency that is in freight of any situation projects and grant-based contracts. So, for DGS, they know from their suffer on CAL FIRE, sometimes that process can occupy two to four months. And it's basically just dotting each and every the Is and crossing each and every the Ts. So, my expectation, since they got this award about a month ago, is that we’ll behold something from them within the next pair of months, maybe the next two months. But, ultimately, they've got to collect their shrink complete with the Department of generic Services in California.

    Maybe, Sean, can they traipse to Eric again. He’s in the queue.

    Operator

    Eric Stine, you are now being rejoined as the question asker.

    Eric Stine

    Yeah. I don't know what happened there. So, thanks for getting me back in. But just snoopy about the pipeline beyond that. Obviously, Schneider has got bigger plans and I know that the timing of this initial one is tough. But how effect you hunt at what this could become or what Schneider’s ultimate goals?

    Brad Hansen

    Yeah. I assume overall in the market – as I mentioned earlier, that portion of benevolent of the elevated complexity market that's associated with microgrids, they think, it'll grow from about 15% of the commercial systems market to about 30% or a third over the next five years.

    What's driving that or what has caused it not to grow as much today is grid services and utility roadmaps that rewards you for noteworthy service participation, but that's going to change. There's no doubt that's going to change, and that's why they assume the market is going to about a third for microgrids versus benevolent of simple supply response systems.

    We’re working with Schneider on early opportunities to capitalize on their technology in that portion of the market. It will traipse up from here, and there is a number of opportunities that we’re working together.

    Without committing to the next order after this, I will expound you the teams are working together on a number of opportunities and we’re zeal very qualified about the relationship at this point.

    Eric Stine

    Okay, good. Maybe just turning to the home energy systems, I'm just snoopy what you're seeing from utilities on this. I know you talked about a mountainous backlog and talked about that you think, eventually, it’s bigger than C&I and I would assume some forward-looking utilities might embrace this, while there is fight against it tooth and nail. Just benevolent of snoopy how you behold that playing out over the next pair of years.

    Brad Hansen

    Yeah. It’ll subsist different in each market. And in some cases, I assume the utilities will embrace it because we’ve potentially solved a mountainous problem. And in some cases, they may occupy to appeal to the regulator to effect the DC link.

    What I will expound you is we’re pretty zeal tenacious about the opportunity to link the assets in Hawaii. We’re doing over the next pair of months an early system that will sprint through permitting in California. And so, they just occupy to effect that location by location because the rules are different, obviously, state-by-state. And even in California, while the mountainous three generally occupy the same set of rules, there's benevolent of some different tweaks involved across the mountainous three.

    So, they just occupy to traipse location by location and collect that approval done. And that's how they intend to traipse forward. And enjoy I said, we’ll subsist going through that process in California soon.

    Eric Stine

    Got it. Okay. eventual one for me. Just the shipment to the customer in the Midwest, I know eventual summon you thought that, by now, you may subsist able to share something. So, just wondering if you are able to on this call.

    Brad Hansen

    No. Three parties are involved in an opportunity, and so we’ll effect a three-party release. They await that to occur in the near future. They effect occupy the PO. That system will ship later in the fiscal year. But as far as the press release and publicly stating where the opportunity is, they occupy to wait until each and every three parties – the timing is privilege for each and every three parties to subsist able to effect that. I don't assume it's going to occupy that much longer, but that's the process they occupy to traipse through.

    Eric Stine

    Okay, thanks a lot.

    Brad Hansen

    Thanks, Eric.

    Operator

    [Operator Instructions]. Their next question comes from Sameer Joshi with H.C. Wainwright. gratify traipse ahead.

    Sameer Joshi

    Hey, Brad. Hey, Bill. Thanks for taking my question.

    Brad Hansen

    Hi, Sameer.

    Sameer Joshi

    So, just a clarification on one sentence in your press release about 27 commercial projects accounting for more than $42.8 million in electricity sales. Is the $42.8 million amount outstanding PPA value or is this the total value of each and every the commercial systems sold so far?

    Bill Dallapiazza

    I assume you're privilege on the latter. That's the value of electricity those systems will provide over the life of the PPA.

    Sameer Joshi

    Oh, okay. Thanks for that. In terms of backlog, I assume the previous caller alluded to it. It went down from 16.4 to 13.8. And during the quarter, you occupy delivered around $2.7 million. So, you did mention a microgrid installation in Ohio that you've got a purchase order for. Were there any other purchase orders during the quarter that are not included in this backlog?

    Brad Hansen

    Well, that backlog was as of seven weeks ago. So, we’re really looking at what orders occupy been attach over the seven-week period. And it's a lumpy business. We've got a few orders that they assume are imminent, but they just haven't gotten them in the eventual seven weeks. So, it's sort of of a factor of the timing and that their eventual summon was fairly recent.

    Sameer Joshi

    Oh, okay. So, maybe this next question furthermore may subsist sort of similar. You had mentioned on the eventual summon that you had six sites in Illinois, six parcels of land. And then, in this press release, you again mentioned another six. Is it additional six that you are expecting during 2018?

    Brad Hansen

    It's the same six we’ve made their way to closing on land options to putting those in the interconnect here with ComEd. So, the way this works is you've got to collect the interconnect approval and then you can traipse apply to the program. So, that's where we’re at and they can't really effect too much to propel ComEd along. But we’ll definitely back everybody updated as to progress on those.

    Sameer Joshi

    Oh, okay. Just one more on the residential system. What is the average purchase order size for, say, a multifamily or a home developer order?

    Brad Hansen

    That's a really qualified question. The orbit is really wider than it is for their commercial systems business. So, for example, I assume at the low-end, they might effect some projects that are half a million dollars sort of size. And in some cases – I’ll benevolent of near back if I can to what goes into the projects and what potential things we’re providing. But I would say, at the low-end, we’re around $0.5 million. At the high-end, they could subsist $10 million. So, multiples of what their typical commercial system installation is. So, there's housing developments that we’re talking, a dozen units. And there's ones that we’re talking to that at full buildout will subsist 1,700 units. Those are the extremes. So, the orbit can subsist pretty big.

    As far as an average selling price, it's arduous to peg that at this point, but I’d relate we’re going to subsist in the $1.2 million to $2 million as an average selling price for the multifamily developments. But, again, the variance could subsist pretty big.

    In some cases, what we’re providing is a lot more than what they effect for the commercial system. So, for example, Hawaii provides a divide credit for solar water heaters. Now, because of what they can effect integrating the water heater load into each of the individual units, they can actually drag those in and attach those in their package, so we’re actually capable of doing water heaters for every unit and having that value in their system underneath the overall shrink across the property. So, this notion of being able to manage the entire energy of that unit, whether it's the supply allotment of the equation or the require allotment of the equation, is a pretty mountainous deal. So, we’re expanding their scope basically in those types of properties to really subsist a smart home energy system and everything that that entails.

    Sameer Joshi

    Oh, okay. Just to follow-up on that, the Peer-to-Peer energy exchange capability, has that been approved in Hawaii. And you previously said you're working on a case-by-case basis in California. So, Hawaii, effect you already occupy the approval?

    Brad Hansen

    We occupy the interconnect application and they occupy an feeling around that application that gives us very elevated self-confidence that there won’t subsist issues.

    Sameer Joshi

    Okay, great. Thanks. I will occupy my questions offline.

    Brad Hansen

    Okay. Thank you, Sameer.

    Operator

    [Operator Instructions]. Their next question comes from Aaron Spychalla with Craig-Hallum. gratify traipse ahead, Aaron.

    Aaron Spychalla

    Yeah. Hi, guys. My question is already answered. Thanks.

    Brad Hansen

    Okay. Thank you, Aaron.

    Operator

    At this time, there are no further questions in the question queue. This will now conclude their question-and-answer session. I would now enjoy to eddy the conference back over to Brad Hansen for any closing remarks.

    Brad Hansen

    Thank you, Sean. Thank you for everyone participating on the summon today. The market environment for their products and services continues to subsist positive, driven by a shifting of energy production mix from carbon-emitting sources to renewable sources, and by increasingly conducive economics for solar energy, energy storage and combined solar-plus-storage systems for self-generation.

    We’re pleased with their progress, especially in the residential energy system segment and the traction we’re getting with their Smart Home Energy System. The inflection point for self-generation and energy independence has been reached with the floodgates of opportunity truly open, especially in the residential energy systems segment.

    There are few markets that occupy sustained growth above 30% compound annual growth rate. Even markets above 20% CAGR are considered elevated growth. The US market for energy storage systems will grow at a phenomenal 60% CAGR through 2023 and they hunt forward to being a key player in this megatrend market.

    We hunt forward to speaking with you again after the current quarter. Thank you again for your back and interest in EnSync Energy Systems.

    Operator

    The conference has now concluded. Thank you for attending today's presentation and you may now disconnect.

    SeekingAlpha

    IBM Opens current York Bluemix Garage for Cloud Blockchain Application development | killexams.com actual questions and Pass4sure dumps

    IBM on Tuesday announced a current Bluemix Garage in current York, located at Galvanize’s newly launched current York campus in SoHo. This enables developers and enterprises to toil with IBM Blockchain code in the cloud.  As with IBM's other garages in San Francisco, London, Nice and Toronto, the current York Garage will invite startups and enterprises to collaborate in a creative environment outside of their traditional office setting.

    IBM is ramping up its efforts to become one of the top players in the emerging sector of distributed ledger technology. The company is a key member of Linux Foundation’s Hyperledger Project, a collaborative exertion started in December to establish, build and sustain an open source non-Bitcoin blockchain. In February, Bitcoin Magazine reported that IBM was deploying a Blockchain as a Service (BaaS) for developers and making tens of thousands of lines of code available to the Hyperledger Project. In April, IBM announced current cloud services based on the company’s Hyperledger code and IBM’s cloud platform, Bluemix.

    Bluemix, on which more than 120,000 apps are launched every month, is becoming one of the largest open, public cloud deployments in the world. Based in open standards, it features more than 140 tools and services spanning categories of mountainous data, mobile, Watson, analytics, integration, DevOps, security and the Internet of Things (IoT).

    To promote its Bluemix cloud services for blockchain development, the company launched a “Bluemix Garage for blockchain” initiative to “deliver trade solutions that work” by combining industry expertise with blockchain technology along with proven development methodologies such as Design Thinking and Agile Development. IBM intends to deploy Bluemix garages in major cities worldwide as hubs where developers, product managers and designers can near together to build on Bluemix. The IBM garages will subsist open to local companies to visit, hunt information from questions to IBM experts and behold demonstrations of trade solutions built on the “blockchain fabric” from the Linux Foundation Hyperledger project.

    The blockchain garages will occupy a business-oriented, as opposed to technology-oriented, approach. “We will define IBM’s Blockchain point of view in trade terms, avoiding technical gobbledygook,” states IBM. “We discuss what blockchain can and cannot effect for business. They will encourage a dialogue (we don’t enjoy monologues!) to deserve confident they are on the same page.”

    The notion is to persuade potential clients to reckon on IBM for blockchain technology development and deployment: “If they resolve they are on the same page, they can talk logistics to collect the customer hands-on with blockchain.”

    “Galvanize has been a noteworthy home and partner for IBM’s groundbreaking Bluemix Garage on their San Francisco campus, and they are excited to bring that partnership to current York City,” said Jim Deters, co-founder and CEO of Galvanize. “Having IBM’s Garage in current York City, within the Galvanize community, allows their tenacious network of developers and startups to leverage the power of the cloud and the expertise of IBM to competitively innovate products and apps in the growing fintech and blockchain spaces.”

    The IBM press release notes that masses of developers, growing by 20,000 a week and projected to reach a global population of 25 million by 2020, are increasingly using Bluemix garages to tap into IBM Cloud APIs for blockchain technology, cognitive computing, IoT, unstructured data, sociable media and more to swiftly build and launch innovations.

    According to IBM, blockchain networks will vaporize current frictions in the economy that are inhibiting trade growth, propelling the movement of capital and exchange of value. The company is furthermore announcing a current blockchain project developed, in partnership with IBM’s garage network worldwide, by Mizuho monetary Group in Tokyo.

    “Mizuho will explore how payments can subsist instantaneously swapped, potentially leading to current monetary services based on this rapidly evolving technology,” notes the current IBM press release.

    Mizuho monetary Group announced that it is collaborating with the IBM Garage in Tokyo to find out how payment settlements could subsist implemented near-instantaneously using the codebase developed by IBM for the Hyperledger project. The project will utilize a virtual currency pegged to the yen, developed by Mizuho. With this project, Mizuho expects to better understand how payment settlements can subsist efficiently streamlined in a private, secure and permissioned blockchain network, with better tracking and control of the exchange of funds.

    IBM noted that this is one of several ways the bank is exploring the utilize of blockchain and creating a platform across the bank using the Linux Foundation Hyperledger code. They added that Mizuho is gaining self-confidence in the utilize of IBM’s distributed ledger technology and sharing results with other Hyperledger members.

    “In this test, Mizuho will study the feasibility of blockchains with virtual currency in settlement trade using the advanced applications development back service IBM Garage provided by IBM Japan,” notes the Mizuho press release. “IBM Japan will back Mizuho pile a common platform to reform its development style such as designing and developing trade applications using blockchains, with Mizuho's suffer in system developments and IBM Japan's learning in global trade services across various industries.”

    Images via IBM, Galvanize



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