On Tuesday, Brocade Communications Systems, Inc. (NASDAQ:BRCD)’s shares inclined 1.19% to $12.80.
Brocade Communications Systems, Inc. (BRCD) declared that it has been named a winner in the Light Reading 2015 Leading Lights awards program in two distinct categories: its unique approach for the Brocade® SDN Controller won for Most Innovative SDN Product Strategy and the Brocade Virtual Evolved Packet Core (vEPC) solution won for Best New Product for Mobile. In addition, Brocade customer Telekom Austria Group was awarded Most Innovative NFV Deployment Strategy for Network/Data Center Operators for its Brocade-powered solution.
The Leading Lights program focuses on next-generation communications technologies, applications, services, and strategies. The winners were declared at an awards dinner at Chicago’s Field Museum on Monday, June 8 to coincide with the Big Telecom Event.
Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol networking solutions for businesses and organizations worldwide. It operates through SAN Products, IP Networking Products, and Global Services segments.
3D Systems Corporation (NYSE:DDD)’s shares gained 5.45% to $21.66.
3D Systems Corporation (DDD) has planned to display its revolutionary printers range and digital design tools at the Design Engineering & Manufacturing Expo (DMS) in Tokyo, Japan. The move is in line with the company’s strategy of spreading the recognition of its offerings and thereby enhancing its credibility.
The DMS will take place at the Tokyo Big Site Convention Center from Jun 24 – 26, 2015.At its Booth E 2-36 at DMS, 3D Systems together with its partners will showcase its ProX 200 Direct Metal Printers, ProJet x60 series ColorJet technology and Cube and CubePro ProJet 1200 micro-SLA 3D printer, among others. Apart from these, visitors will get to know 3D Systems’ workflow-enhancing 3D digital thread comprising digital sculpting platforms Geomagic Sculpt and Geomagic Freeform, Integrated Geomagic Capture scanning and software systems and CAD/CAM solutions from CimatronE and GibbsCAM.
With the emergence of 3D printing market across the globe, 3D Systems is aiming on capitalizing on the rising trend. Encouragingly, automotive consumer products, government and defense, industrial/business machines, education research, and others (arts and architecture) sectors are predictable to raise the demand for 3D printing products.
3D Systems Corporation, through its auxiliaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the Americas, Germany, and the Asia-Pacific, in addition to other European, the Middle East, and African countries. The company’s 3D printers transform data input from the format generated by 3D design software, CAD software, or 3D scanning and sculpting devices to printed parts using integrated, engineered plastic, metal, nylon, rubber, wax, and composite print materials. It offers stereolithography, selective laser sintering, direct metal, multi-jet, color jet, and film transfer imaging printers, in addition to plastic jet printing 3D printers.
At the end of Tuesday’s trade, NRG Energy Inc (NYSE:NRG)‘s shares dipped -0.40% to $24.99.
NRG Energy Inc (NRG) the country’s largest independent power producer, declared plans to develop a 20 megawatt (MW) solar energy facility that will generate clean, reliable solar power for delivery to Cisco’s San Jose headquarters. NRG Renew LLC will convert its NRG Solar Blythe II location, which is a 153-acre parcel that has been under development by NRG since 2010, into a solar installation that will assist Cisco reach its aim of using renewable sources for at least 25 percent of its electricity needs by 2017. The project is planned to start commercial operation by the end of 2016.
Electricity generated by the solar installation will be sold to Cisco under a 20-year power purchase agreement (PPA), increasing Cisco headquarters’ total use of clean, emission-free electricity.
Located in the Sonoran Desert near the Arizona and California border, the NRG Solar Blythe II location receives plentiful sunshine: For nearly half the year, average temperatures reach 90°F or higher.1 The photovoltaic technology to be installed on-site requires no fuel and minimal water. The amount of emission-free energy generated is predictable to be equivalent to the power needed to serve more than 14,000 homes and to prevent more than 102,000 metric tons of carbon dioxide from entering the atmosphere annually, which is the equivalent of removing more than 21,000 cars from the road. During the construction period, the project is anticipated to create about 200 jobs.
NRG Energy, Inc., together with its auxiliaries, operates as a power company. The company provides electricity; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; carbon administration and specialty services; and various energy services, such as operations, maintenance, technical, development, and asset administration services. It owns and operates about 52,000 MWs of generation.
NRG Yield, Inc. Class C (NYSE:NYLD), ended its Tuesday’s trading session with -8.06% loss, and closed at $22.60.
NRG Yield, Inc. Class C (NYLD) declared the launch of a public offering of 24,520,000 shares of its Class C common stock. In addition, the underwriters have a 30-day option to purchase up to an additional 3,678,000 shares of Class C common stock from the Company.
The Company intends to use all of the net proceeds of the offering to acquire newly issued Class C units of NRG Yield LLC (“Yield LLC”). Yield LLC intends to use the net proceeds of the offering, together with cash on hand: (i) to fund the Company’s $285 million acquisition of a 25% equity interest in Desert Sunlight; and (ii) if consummated, to repay a portion of the $490 million of outstanding project debt associated with the Company’s Alta X and Alta XI wind facilities, with an interest rate of LIBOR plus 2% and a maturity date of 2021, in connection with the projected tax equity financing of such assets. Any funds remaining are predictable to be used, or in the event that either the Desert Sunlight acquisition or the Alta X and Alta XI tax equity financing are not consummated for any reason such funds are predictable to be used, for repayment of other indebtedness, counting under the Company’s revolving credit facility, and for general corporate purposes, counting future acquisitions of additional assets from NRG or third parties.
NRG Yield, Inc., through its auxiliaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2014, it had 4 natural gas or dual-fired facilities, 4 thermal generation facilities, 11 utility-scale solar and wind generation facilities, and 2 portfolios of distributed solar facilities with a capacity of about 2,984 net megawatt (MW). The company also owns thermal infrastructure assets with an aggregate steam and chilled water capacity of 1,467 net MW thermal equivalents, and electric generation capacity of 233 net MW.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
