SES: MX1 and ASTRA Continue to Provide Discovery with Services and Reach

Discovery Networks Germany extends its contract with MX1 and ASTRA for capacity, content management, playout and distribution

LUXEMBOURG - Thursday, December 22nd 2016 [ME NewsWire]

(BUSINESS WIRE)-- SES S.A. (Euronext Paris:SESG) (LuxX:SESG) announced today that MX1, a wholly-owned subsidiary of SES and a global media service provider, and ASTRA, the largest European Direct-to-Home (DTH) satellite system, have extended their contracts with Discovery Networks Germany for capacity, content management and playout.

The contract covers the broadcasting of the Discovery channels DMAX, TLC, Eurosport 1 and DMAX Austria in SD, and DMAX, TLC and Eurosport 1 in HD via the ASTRA satellites at 19.2 degrees East. The agreement also allows Discovery Networks Germany to use the innovative media service platform “MX1 360” for content management and playout. The “MX1 360” platform is fully integrated with the broadcaster’s systems and facilitates the management of pre-broadcast features such as planning commercial breaks from a single interface.

“We are very happy that Discovery Networks Germany relies on us as their preferred partner for services and distribution, and has chosen to extend their contracts for SD and HD on a longer-term basis,” commented Christoph Mühleib, Vice President Sales and Marketing SES and responsible for MX1 and ASTRA in Germany, Austria and Switzerland. “Discovery can count on the parallel broadcasting of their channels in SD and HD at least until 2021, and thus, optimize its technical reach in the German market.”

Omar Asmar, Director Media Operations at Discovery Networks Deutschland, said “on the one hand, we rely on optimized workflow, and on the other, we want to reach as large an audience as possible with our content. Thus, MX1 and ASTRA are, very clearly, our ideal partners. The service platform MX1 360 is seamlessly integrated into our processes and systems, so that we can have complete control over all stages of broadcasting preparation including monitoring content to enhance the protection of youth. Furthermore, the broadcasting via the ASTRA satellite at 19.2 degrees East in SD and HD provides maximum reach for our channels. We are looking forward to a continuing successful collaboration in the coming years.”

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SES White papers are available under https://www.ses.com/news/whitepapers

About SES

SES is the world-leading satellite operator and the first to deliver a differentiated and scalable GEO-MEO offering worldwide, with more than 50 satellites in Geostationary Earth Orbit (GEO) and 12 in Medium Earth Orbit (MEO). SES focuses on value-added, end-to-end solutions in four key market verticals (Video, Enterprise, Mobility and Government). It provides satellite communications services to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions, and businesses worldwide. SES’s portfolio includes the ASTRA satellite system, which has the largest Direct-to-Home (DTH) television reach in Europe, and O3b Networks, a global managed data communications service provider. Another SES subsidiary, MX1, is a leading media service provider and offers a full suite of innovative digital video and media services. Further information available at: www.ses.com

About MX1

MX1, a wholly-owned subsidiary of SES (Euronext Paris:SESG) (LuxX:SESG), is a global leading media services provider. The world’s first media globalizer works with leading media businesses to transform content into the ultimate viewer experience for a global audience. With more entertainment, more innovation and more impact, MX1 offers a full range of content management, delivery and value-added digital media services. Every day, MX1 distributes more than 2,500 TV channels, manages the playout of over 500 channels, delivers syndicated content to more than 120 leading subscription VOD platforms, delivers over 8,000 hours of online video streaming and delivers more than 500 hours of premium sports and live events. The new company has 16 offices worldwide and operates six global state-of-the-art media centers, enabling customers to reach billions of people around the world. To find out more, visit www.mx1.com and follow LinkedIn, Twitter, Facebook und YouTube

Contacts

SES S.A.

Markus Payer

Corporate Communications

Tel. +352 710 725 500

Markus.Payer@ses.com









Permalink: http://me-newswire.net/news/19270/en

NAB Show Shanghai Emerges as Premiere Event for Media, Technology and Content Creation in China

-- Tradeshow grows attendance and introduces expanded exhibit floor --

WASHINGTON - Thursday, December 22nd 2016 [ME NewsWire]

(BUSINESS WIRE)-- The National Association of Broadcasters (NAB), producer of NAB Show, today announced registered attendance increased fivefold for the second annual NAB Show Shanghai, held December 6-9 at the Kerry Hotel and the adjacent Shanghai National International Expo Center in the Pudong District of Shanghai, China. The event, which was co-produced by the International High Tech Cultural Device Cluster (TCDIC), attracted over 5,000 attendees from around the world, representing a 525 percent increase over last year.

All numbers are based on pre-show and onsite registration and subject to an ongoing audit.

The 2016 NAB Show Shanghai also included for the first time a full-fledged exhibit floor, spanning 50,000 square feet and featuring 145 media and technology companies, including leading brands like Akamai Technologies, Inc.; B&H Photo Video; Christie; COPPOI; MOG Technologies; NERC-DTV; NewTek; Ricoh; Shanghai Media Group; Shanghai Oriental Pearl Media; Sony and Tata Communications, among others.

NAB launched NAB Show Global Innovation Exchange | Shanghai in 2015, recognizing China’s growing media industry and the need for collaboration on emerging technologies and global business solutions. Designed for media professionals involved in the creation, management and distribution of content across broadcast and digital mediums, NAB Show Shanghai has since evolved into a one-of-a-kind convention for showcasing cutting-edge technology, promoting innovation and offering the opportunity for content creators to gain global perspectives and valuable tools to advance their craft.

“This event plants the NAB and NAB Show flag in one of the fastest growing media markets in the world,” said NAB Executive Vice President of Conventions and Business Operations Chris Brown. “NAB Show Shanghai is taking off and reaching new heights as indicated by this year’s growth in attendance and exhibits. We look forward to continuing to develop this unique convention as it becomes the premier event of its kind.”

The three-day NAB Show Shanghai conference featured an enhanced program focused on topics such as broadcast, cable, film, virtual reality, over-the-top content and 4K/ultra-high-definition television. The China Post | Production Conference, produced in partnership with Future Media Concepts, included sold-out training workshops for maximizing creativity and efficiency with the industry’s commonly utilized tools and software.

Speakers from NAB included Chris Ornelas, chief operating officer and Sam Matheny, chief technology officer, in addition to high-ranking Chinese government officials and media and technology professionals from Canada, China, Hong Kong, India, Taiwan, the United Kingdom and the United States.

Next year, NAB Show Shanghai will be held June 13-15 in conjunction with the Shanghai International Film and Television Festival.

Additional information about this year’s event is available here.

About NAB

The National Association of Broadcasters is the premier advocacy association for America's broadcasters. NAB advances radio and television interests in legislative, regulatory and public affairs. Through advocacy, education and innovation, NAB enables broadcasters to best serve their communities, strengthen their businesses and seize new opportunities in the digital age. Learn more at www.nab.org.

About TCDIC

The National Base for International Cultural Trade (Shanghai) International High Tech Cultural Device Cluster is currently located at China (Shanghai) Pilot Free Trade Zone. It is a national platform specializing in offering services to companies in the cultural device industry. TCDIC serves the businesses operating in the domestic and international cultural device industry. It covers the sectors of broadcasting, cinema, mobile internet, stage, game and amusement attraction and other emerging sectors in the cultural device industry. The mission of TCDIC is to advocate innovation and to promote international trade, exchange, and collaboration for domestic and international businesses registered in the Cluster. The functions of the Cluster are trade and presentation, innovative lab, bonded leasing, technical training and etc. The Cluster is the hub connecting global market needs and integrated technology supply in the cultural device industry.

Contacts

National Association of Broadcasters

Ann Marie Cumming, 202-429-5350









Permalink: http://me-newswire.net/news/19268/en

Azizi Developments to Launch 50 New Projects in 2017!

The ground-breaking number of projects is a statement by the Dubai-based developer on the strength of the real estate market

Dubai, United Arab Emirates - Thursday, December 22nd 2016 [ME NewsWire]

Azizi Developments – a leading UAE-based real estate developer with global reach into international markets – announced an unprecedented launch of 50 new developments, which will comprise of residential, commercial and retail space in 2017.

The announcement of such a high number of projects, ahead of the festive season and the New Year, demonstrates the confidence that Azizi Developments has in Dubai’s property and real estate market. The 2017 project plan is in line with the overall group strategy to invest in solid markets which have proven depth and stability.

Farhad Azizi, CEO of Azizi Developments, commented, “The rapid development of local infrastructure shows the full commitment of the Dubai government in its delivery of announced plans.” The Dubai Water Canal inaugurated on November 9th, is a recent example of the government’s commitment to plan for Expo 2020. “The government systems are in place to encourage development from a micro perspective. When evaluated at the macro level, we are finding that currencies are in our favour; in addition, the new government changes in the United States and Europe are directing investments towards this region. This launch not only reflects our success but showcases Dubai’s booming real estate market,” added Farhad.

The company’s confidence in the market derives from evaluations of deficits, trade balances and other consumer indicators. The 50 new projects to be developed in various areas in Dubai are currently in the land acquisition, permit application and design stages. The launch adds to the company’s impressive portfolio, involving 20 different UAE-based projects valued at around AED 7.3 billion.

Azizi Developments currently has 15 projects in Al Furjan, two in the Palm and the first in Dubai Healthcare City. The company’s flagship project is Azizi Mina Hotel Apartments, which represents the city’s ambitious outlook and luxurious lifestyle. Valued at AED 750 million, the 178-unit project is situated in a prime location on the ‘crescent’ part of the Palm Jumeirah.

Contacts

SAHARA Communications

Amira Gamal

Tel: +971 4 3298996

Mobile: +971 50 5430701

amira@saharagcc.com









Permalink: http://www.me-newswire.net/news/19269/en

Octapharma Presents Key Data with Nuwiq® in Previously Untreated Patients from the NuProtect Study at the American Society of Hematology (ASH) Annual Meeting in San Diego, USA

LACHEN, Switzerland - Wednesday, December 21st 2016 [ME NewsWire]

(BUSINESS WIRE)-- On Sunday, 4th December, 2016 Octapharma presented interim data from the ongoing phase 3 study, NuProtect at the 58th ASH Annual Meeting & Exposition in San Diego, California. The presentation was nominated for inclusion in the 2017 North American Highlights of ASH Roadshow meeting with an abstract published in Blood (Raina Liesner et al, Blood 2016 128:327). The NuProtect Study examines the immunogenicity, efficacy and safety of treatment with human cell-line derived recombinant FVIII (Nuwiq®) in previously untreated patients (PUPs) with severe haemophilia A – those at greatest risk of inhibitor development. “We are immensely excited to be able to share these important results in PUPs with the wider Haematology community at the ASH Annual Meeting as part of Octapharma’s commitment to reduce the patient burden of living with haemophilia A,” said Larisa Belyanskaya, Head of IBU Haematology at Octapharma AG.

The well-attended talk, entitled “Inhibitor Development in Previously Untreated Patients with Severe Hemophilia A Treated with Nuwiq®, a New Generation Recombinant FVIII of Human Origin”, was presented by the principal investigator, Professor Raina Liesner (Great Ormond Hospital for Children NHS Trust Haemophilia Centre, London, UK) who shared this new data with Nuwiq®, a 4th generation recombinant factor VIII (rFVIII) produced in human cells without chemical modification or protein fusion. The presentation focused on immunogenicity of Nuwiq® in 66 haemophilia A patients who have received at least 20 days of treatment in the ongoing NuProtect study, with no previous exposure to FVIII concentrates or other blood products. The cumulative incidence (95% confidence interval) of all inhibitors was 20.8% (10.7–31.0); 12.8% (4.5–21.2) for high-titre inhibitors and 8.4% (1.3–15.6) for low-tire inhibitors. These data were reported as part of a pre-planned interim analysis for the NuProtect study, which plans to ultimately evaluate at least 100 PUPs, making it one of the largest studies with a single FVIII concentrate.

“Our goal was to design a rFVIII with reduced immunogenic potential. We are now very proud to present this significant clinical data with Nuwiq® which we believe validates our approach in the most vulnerable patient population, and thank all the patients and investigators for their participation in the study,” said Olaf Walter, Board Member at Octapharma AG.

About GENA-05 (NuProtect)

The GENA-05 clinical study (NuProtect) is a phase 3, open-label, interventional clinical study being conducted across 38 centres, to evaluate at least 100 previously untreated patients (PUPs) with severe haemophilia A of all ages and ethnicities enrolled for study up to 100 exposure days (EDs) or 5 years maximum. Patients treated previously with FVIII concentrates/blood products containing FVIII are excluded. The primary objective is to assess the immunogenicity of Nuwiq® by determining inhibitor activity using the Nijmegen-modified Bethesda assay at a central laboratory. More information on this trial is available at: www.clinicaltrials.gov (registration number NCT01712438).

About Haemophilia A

Haemophilia A is an X-linked hereditary disorder caused by FVIII deficiency which if left untreated leads to haemorrhages in muscles and joints and consequently to arthropathy and severe morbidity. FVIII replacement prophylactic treatment reduces the number of bleeding episodes and the risk of permanent joint damage. This disorder affects one in every 5,000 to 10,000 men worldwide. Globally, 75% of haemophilia cases are left undiagnosed or untreated. The development of neutralising FVIII antibodies (FVIII inhibitors) against infused FVIII represents the most serious treatment complication. The cumulative risk of FVIII inhibitor development is reported to be currently up to 38%.

About Octapharma

Headquarted in Lachen, Switzerland, Octapharma AG is one of the largest human protein products manufacturers in the world and has been committed to patient care and medical innovation for over 30 years. Its core business is the development, production and sale of human proteins from human plasma and human cell-lines. Patients in over 100 countries are treated with products in the following therapeutic areas:

    Haematology (coagulation disorders)
    Immunotherapy (immune disorders)
    Critical care

Octapharma owns five state-of-the-art production facilities in Austria, France, Germany, Sweden and Mexico.

Contacts

Octapharma AG

International Business Unit - Haematology

Olaf Walter

Olaf.Walter@octapharma.ch



or

Larisa Belyanskaya

Larisa.Belyanskaya@octapharma.ch

Tel: +41 55 4512121







Permalink: http://me-newswire.net/news/19263/en

Alta Semper Capital and CI Capital Partners Partner with Leading Egyptian Consumer Healthcare Company Macro Holding

CAIRO - Wednesday, December 21st 2016 [ME NewsWire]

Macro Pharmaceuticals, a subsidiary of Macro Holding, is a leading consumer healthcare company in Egypt operating across several high-growth sub-segments of the pharmaceuticals market

The substantial investment will enable the Company to continue to expand and develop its product offering, expand regionally, as well as enter the complementary medical devices segment of the market

Both of the Founders of Macro will remain as Chairman and CEO of the Company to steward the business through its next phase of growth and development



(BUSINESS WIRE)-- Alta Semper Capital LLP (“Alta Semper”), a consumer and healthcare focussed private equity investor operating across several growth markets, alongside CI Capital Partners (“CICP”), a leading Egypt-focused private equity investor, today announced a partnership through the MEA Healthcare Partners platform (“MEA Healthcare”) with Macro Holding (“Macro” or the ‘Company’), a leading consumer healthcare company in Egypt operating in several high-growth sub-segments of the pharmaceuticals market.

The Company is partnering with Alta Semper and CI Capital Partners to expand the product portfolio, grow into complementary product lines, and expand geographically. Founded in 2002 by Dr Ahmed El Nayeb and Dr Mohamed Sobhi, Macro has grown into one of the leading consumer healthcare companies in Egypt. The Company targets a broad base of consumers through a large and evolving product portfolio. The Company, employing over 750 people, currently manufactures and distributes 64 products across seven therapeutic areas, including skin care, haircare, feminine care, anti-scar, oral care, antiseptics and muscle relaxants, under the Gold, Orovex, Verdex, Cordo and Scaro brands. The Company’s products are marketed to the Egyptian medical community through a market-leading, 500 person strong sales force.

The Company’s products have amongst the broadest coverage in the market, reaching over 50,000 physicians, centres and pharmacies nationwide, a testament to the trust the medical community has with the quality and efficacy of Macro’s unique product portfolio. Macro operates a state-of-the-art production facility in Cairo with a second facility dedicated to the growing medical devices market currently under construction. The Company currently exports to eight markets across the region, and plans to expand its export base significantly in the near future.

As part of its investment strategy for Africa, Alta Semper looks to invest in high growth, yet defensive sub-sectors within the consumer, healthcare and enabling technology sectors. Scalable businesses, which have scope for regional expansion are a focus for Alta Semper. The investment in Macro marks its first investment in Egypt.

CI Capital Partners is dedicated to investing in Egyptian businesses with proven and scalable business models and partnering with leading entrepreneurs to create long term sustainable value. The partnership with Macro is clearly a testament to this vision.

The consumer healthcare market in Egypt and the Middle East, North African region, is characterised by rising and growing demand driven by favourable demographics, increased consumer awareness and evolving consumption patterns.

Commenting on the investment, Afsane Jetha, Managing Partner and CEO of Alta Semper, said,
“We are very excited to embark on our partnership with Dr El Nayeb, Dr Sobhi and Macro to expand the business within Macro’s high growth niche markets. We have a strong belief in the high quality of the Company’s products, the Company’s ability to innovate successfully over the last 15 years, and the management team who share our values and vision of making Macro the market-leading healthcare company in the region.”

Amr Helal, Managing Partner of CI Capital Partners, said,
“We are extremely delighted with this partnership with Macro Group, a remarkable model for a home grown local champion that promotes local innovation and manufacturing providing consumers with high quality local alternatives at attractive price points. We are looking forward to working closely with our partners, Dr. El Nayeb and Dr. Sobhi, to further unlock Macro’s potential and development in Egypt and beyond by leveraging our investing experience in Egypt and the consumer space.”

Commenting on the investment, Dr. El Nayeb, Founder and Chairman of Macro, said,
“We are very proud of what we have collectively achieved since 2002 when we established Macro to address the underserved consumer markets in Egypt. Since that time, we have developed high quality and innovative products, and have grown to an organization with over 128 proprietary formulations and 64 products catering to all market segments and employing over 750 highly skilled employees.”

Dr Mohamed Sobhi, Founder and CEO added,
“The partnership with Alta Semper and CI Capital Partners will enable Macro Group to further expand its product offering, enter into new and complementary products, further penetrate export markets and support our vision on becoming a regional leader.”

Alta Semper Capital and CI Capital Partners were advised by Matouk Bassiouny and Norton Rose Fulbright LLP.

CI Capital Investment Banking acted as the financial advisor to Macro Holding and the Founders. Al Tamimi & Company acted as the legal advisor to Macro Holding and the Founders.

About Alta Semper Capital LLP

Founded in 2015 by Afsane Jetha, Ronald Lauder and Richard Parsons, Alta Semper is a dedicated private equity investor focussed on the consumer, healthcare and enabling technology sectors across several growth markets, with a specific focus on Africa. Alta Semper looks to invest growth capital or take significant stakes in business where it can contribute to transformational change and assist with regionalisation and new market entry, while bringing deep industry knowledge to its portfolio companies.

About CI Capital Partners

CI Capital Partners is a leading Egypt focused private equity investor and part of CI Capital Holding, Egypt’s premier diversified financial services group. CI Capital Partners is dedicated to investing in Egyptian businesses with proven and scalable business models; injecting growth and buyout capital and partnering with leading entrepreneurs to create long term sustainable value.    

Contacts

For press inquiries:

WT Blase & Associates, LLC

Bill Blase, Sara Minar or Cathy Loos

info@wtblase.com

+1-212-221-1079

or

info@altasemper.com

+44 (0) 207 100 0670

www.altasemper.com

or

info@cicapital.com.eg

+2 (02) 3331 8154

www.cicapital.com.eg









Permalink: http://www.me-newswire.net/news/19267/en

Desert Oasis: Curio – A Collection by Hilton Adds Miramonte Indian Wells Resort & Spa

Four-diamond resort near Palm Springs offers tranquil, unique hotel experience

INDIAN WELLS, Calif. & MCLEAN, Va. - Wednesday, December 21st 2016 [ME NewsWire]

(BUSINESS WIRE)-- An historic, tranquil four-diamond resort in the Southern California desert is the newest addition to Curio – A Collection by Hilton, a global portfolio of distinctive upper upscale hotels.   

Miramonte Indian Wells Resort & Spa, Curio Collection by Hilton, is an 11-acre oasis nestled at the base of the Santa Rosa Mountains. With 215 guest rooms, suites and villas – many offering inspiring views of the resort’s manicured gardens – Miramonte Indian Wells Resort blends classic sophistication with the relaxing comforts of its award-winning spa.

“The natural beauty and desert climate draw travelers from all over the world to Indian Wells, and the beautiful Miramonte property perfectly complements that aura with its world-class spa, relaxing accommodations, access to several golf courses and more,” said Mark Nogal, global head, Curio – A Collection by Hilton. “This hotel enriches our growing collection and will delight guests seeking a remarkable resort experience.”

Relaxation Required

Opened in 1960 as the Erawan Garden, the resort operates one of the nation’s most acclaimed spas and treatment facilities. Approaching an extensive multi-million dollar renovation, the 12,000-square-foot Well Spa will offer award-winning services in an intimate environment, and features 13 treatment rooms, seasonal offerings and a courtyard with two private salt water pools.

Guests seeking other soothing experiences in the desert sunshine may enjoy staff-led yoga classes and wellness walks among the grounds, or revel in the Miramonte Pool, which also features chaise lounges, umbrellas and food and beverages all day. Poolside cabanas are available for rent, offering refuge from the sun with a soothing ceiling fan and personal water misters. For even more serenity, the Piedmont Pool includes access to a heated whirlpool, sun decks and food and beverage service.

The 24-hour fitness center includes free weights and the latest exercise equipment.

Delectable Dining Options, Inside and Out

Guests may select from a bevy of culinary choices at Miramonte Indian Wells. Dining is divine at the Grove Artisan Kitchen, which specializes in fresh, seasonal California cuisine simply prepared with time honored techniques. From Huevos Rancheros for breakfast to Zarzuela de Mariscos for dinner, the diverse menu features organic produce, fresh herbs, local ranch-raised meats, fresh Pacific seafood, house-made pastas and innovative vegetarian dishes.

For an afternoon or evening respite, guests may unwind from a long day of activities by indulging in hand-crafted cocktails or delicious bites, from either the outdoor patio or from the comfortable interior of the Vineyard Lounge. Those wishing to enjoy a light meal or cocktails without leaving their lounge chair can choose to indulge poolside, at any of the resort’s three pools.

Glorious Guest Rooms, Suites and Villas

Each of the Miramonte’s 215 guest rooms, suites and villas mixes traditional with rustic design, and many feature sweeping views of the Santa Rosa Mountains or the plush resort. Bougainvillea-covered suites and villas come with private balconies or semi-private patios. A highlight is the one-bedroom, apartment style Presidential Suite; its separate dining area can seat eight guests who may dine while overlooking the resort’s signature pool.

Pet-friendly rooms, in-room dining and complimentary Wi-Fi are also provided.

Inspiring Meetings and Weddings, Indoors or Outside

With over 35,000 square feet of stunning flexible event and meeting space, and the availability of numerous outdoor garden venues on its 11-acre property, Miramonte Indian Wells Resort & Spa can accommodate up to 500 guests – making it one of the area’s most popular destinations for weddings, conferences, business meetings and social gatherings. Many facilities feature natural light with dramatic views of the Santa Rosa Mountain range.

“From our romantic architecture to our renowned spa and wellness program, Miramonte offers everything a traveler can desire for a relaxing stay amidst the natural beauty of the desert,” said Mark Jeffrey, general manager, Miramonte Indian Wells Resort & Spa, Curio Collection by Hilton. “We are thrilled to now be part of Curio to leverage the power of the Hilton name while maintaining our distinct identity and spirit.”

Located 15 miles from Palm Springs International Airport, the resort and spa is centrally located in Indian Wells Valley, just a two-hour drive from Los Angeles, San Diego and Orange County.

Miramonte Indian Wells Resort & Spa, Curio Collection by Hilton is part of Hilton HHonors®, the award-winning guest-loyalty program for Hilton’s 13 distinct hotel brands. Hilton HHonors members who book directly with Hilton save time and money and gain instant access to the benefits they care about most, such as an exclusive member discount, free Wi-Fi and the ability to earn and redeem Points for free nights.

To celebrate Miramonte Indian Wells Resort & Spa’s addition to Curio Collection, Hilton HHonors members can earn 1,000 points per night on eligible stays from December 20, 2016 through June 20, 2017. Miramonte Indian Wells Resort & Spa is owned by Rockpoint Group and managed by Two Roads Hospitality. It is located at 45000 Indian Wells Lane, Indian Wells, California 92210. For more information, or to make a reservation, travelers can call +1 760-341-2200 or visit curio.com.

For more information, visit curio.com. Media may access additional information about Curio and its properties – including high-resolution images -- at news.curio.com/miramonte.

About Curio – A Collection by Hilton

Curio – A Collection by Hilton™ (curio.com), launched in 2014, is a global set of hand-picked upscale hotels that meet independent-minded travelers’ desire for local discovery and authentic experiences, all while providing the quiet reassurance and support of the Hilton name and its award-winning Hilton HHonors program. Discover the collection’s latest stories at news.curio.com, connect with us on Facebook, Instagram and Twitter or inquire about development opportunities at hiltonworldwide.com/development.

About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company, comprising more than 4,800 managed, franchised, owned and leased hotels and timeshare properties with nearly 789,000 rooms in 104 countries and territories. For 97 years, Hilton has been dedicated to continuing its tradition of providing exceptional guest experiences. The company's portfolio of 13 world-class global brands includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton HHonors®. Hilton HHonors members who book directly through preferred Hilton channels have access to benefits including an exclusive member discount, free standard Wi-Fi, as well as digital amenities that are available exclusively through the industry-leading Hilton HHonors app, where Hilton HHonors members can check-in, choose their room, and access their room using a Digital Key. Visit news.hiltonworldwide.com for more information and connect with Hilton on Facebook, Twitter, YouTube, Flickr, LinkedIn and Instagram.

About Miramonte Indian Wells Resort & Spa

Miramonte Indian Wells Resort & Spa is an intimate desert oasis created for the independent-minded traveler. The 215-room resort provides an easy escape to a world of approachable sophistication. Miramonte features the award-winning Well Spa, the acclaimed Grove Artisan Kitchen and Vineyard Lounge, three resort pools, a 24-hour fitness center, access to premier golf and tennis and much more. For more information on Miramonte Indian Wells Resort & Spa, visit www.miramonteresort.com. Follow us on Twitter, Instagram or like us on Facebook.

About Two Roads Hospitality

Created in September 2016, Two Roads Hospitality is an international lifestyle company encompassing an unrivaled collection of distinctive properties, passionate people, and remarkable experiences around the globe. The company is named for the newly-merged Commune and Destination Hotels, bringing together over 40 years of combined expertise exclusively dedicated to the boutique and lifestyle space. Comprised of Joie de Vivre Hotels, Thompson Hotels, Destination Hotels, tommie and Alila Hotels & Resorts, the company is the leading operator of independent and lifestyle hotels with more than 95 properties in eight countries and growing, also boasting an extensive roster of award-winning restaurants and bars, stunning vacation residences, world-class golf courses, and indigenous spa and wellness offerings. For more information on Two Roads Hospitality, visit www.tworoadshotels.com, follow us on Twitter (@TwoRoadsHotels), or like us on Facebook.



View source version on businesswire.com: http://www.businesswire.com/news/home/20161220005594/en/



Contacts

Emily Montgomery

Hilton

+1 703 883 5257

emily.montgomery@hilton.com

or

Jacquie Toppings

Hilton

+1 703 883 6587

jacqueline.toppings@hilton.com









Permalink: http://www.me-newswire.net/news/19259/en

TDK to Acquire InvenSense

Realize New Sensor Solutions in IoT, Automotive and ICT

TOKYO & SAN JOSE, Calif. - Wednesday, December 21st 2016 [ME NewsWire]

       Key Transaction Highlights:

    Acquisition promotes further growth in sensor and actuator products, an important part of TDK’s strategic growth plan, and will strengthen TDK’s position as a stronger global player for sensor solutions.
    Transaction brings together more complete portfolio of sensor and software solutions spanning inertial, pressure, microphone and ultrasonic wave sensor products and technologies from InvenSense, with TDK’s pressure, temperature, electric current and various other sensors.
    USD 13.00 per share, representing a 19.9% premium to InvenSense’s closing share price on December 20, 2016 and a 52.4% premium to its 60-day volume-weighted average trading price as of December 20, 2016.
    Transaction will be financed with cash-on-hand.

(BUSINESS WIRE)-- TDK Corporation (President and CEO: Shigenao Ishiguro, hereinafter referred to as “TDK”) and InvenSense, Inc. (President and CEO: Behrooz Abdi, hereinafter referred to as “InvenSense”) entered into a definitive agreement today wherein TDK agrees to acquire all of the outstanding InvenSense shares for cash at an acquisition price of USD 13.00 per InvenSense share, for a total acquisition price of USD 1.3 billion. The transaction has been unanimously approved by the Boards of Directors of both companies. Completion of the transaction is expected in second quarter of the fiscal year ending March 31, 2018, and is subject to approvals by InvenSense shareholders and the relevant regulatory authorities. The acquisition will be completed through a merger of a newly created subsidiary of TDK with and into InvenSense, with InvenSense continuing following the merger as a wholly-owned subsidiary of TDK.

TDK’s current medium-term (3-year) management plan ending in March 2018 focuses on the importance of three areas: a) automotive, b) manufacturing devices and energy, and c) Information and Communications Technology (ICT). As part of its strategy for growth in these key areas, TDK has identified sensors and actuators, energy units and next-generation electronic components as three product areas for strategic growth aimed at unlocking new business opportunities in the fields of Internet of Things (IoT). Sensors are viewed as an important IoT-enabling technology and TDK envisions greatly expanding this portion of its business and providing a broad range of sensor solutions to its customers. TDK currently sells magnetic sensors that employ thin-film magnetic technology, which TDK has accumulated through its endeavors with hard disk drive (HDD) solutions over many years. Further, TDK’s product line includes pressure, temperature, electric current, and various other sensor types, and TDK plans to expand its sensor business going forward.

Through the acquisition of InvenSense, TDK will be able to strengthen its product line-ups and technologies, which is expected to enable the combined company to become a stronger player in broad based sensor solutions for IoT, automotive and ICT by accelerating the sensor product roadmap to offer innovative next generation products and platforms. In addition, sensor fusion, the combination of various sensor technologies and software creates products with enhanced value solutions for customers across multiple fields.

InvenSense is a world forerunner in motion sensor solutions, known mostly for its flagship six-axis and nine-axis motion sensors, which are used in some of the world’s most advanced consumer products and applications. In recent years its portfolio has expanded with additional solutions for inertial, environmental, microphone, and ultrasonic sensors. InvenSense’s “fabless” manufacturing model enables development of high-performance and cost effective products via its unique CMOS-MEMS production process. Enhanced by its value-added software solutions, InvenSense has expanded rapidly to become a worldwide strong player in sensors for consumer devices including smartphones, drones, wearables, gaming, inertial navigation, and both optical and electronic image stabilization for cameras. Looking ahead, growth avenues beyond mobile include large addressable opportunities in the fields of IoT, automotive, and industrial, driven by increasing consumer demand of indoor navigation, Virtual Reality (VR), Augmented Reality (AR), and Advanced Driver Assistance Systems (ADAS).

The acquisition will enable TDK to combine InvenSense’s advanced suite of sensor and software platforms with its wide-ranging portfolio of magnetic, pressure, temperature, and microphone sensors. In addition, sensor fusion, combining various types of technologies and product line-up, creates products with high added value. Sensor fusion combines multiple sensors and software solutions that enables TDK to expand its business in the three key areas and further strengthening of its position as a global player in the sensor business, which is one of TDK’s strategic growth products.

In January 2016, TDK established a joint venture with Qualcomm Incorporated, called RF360 Holdings Singapore PTE, Ltd., and has also entered into agreements to expand technical cooperation in a wide range of fields including passive components, batteries, wireless power transfer, sensors, MEMS and various other next-generation technologies for mobile communications, IoT, and automotive. This joint venture presents an exciting opportunity for InvenSense to expand its customer base in ICT (Information and Communications Technology), IoT and automotive areas while enabling InvenSense to provide sensor solutions with increased synergies.

As the fields of ICT, automotive and industrial experiences growing demand for sensors, TDK, together with InvenSense, expect to provide unique products and sensor expertise across sales channels and a global customer base that TDK and InvenSense have each cultivated over several years. TDK and InvenSense are resolved to exhibit the same level of commitment to providing customers with quality, expert solutions and customer service as a combined company.

TDK’s President and CEO, Mr. Shigenao Ishiguro, made the following statement regarding the acquisition:

“TDK’s sensor business, one of its strategic growth areas, can be strengthened by merging TDK’s portfolio of magnetic sensor technologies (where its strength lies) and its wide range of sensor products with InvenSense’s expanding sensor technology. This acquisition is a fundamental element in TDK’s strategy to provide unique and high-value-added products and services in IoT. We aim to become a strong player in the sensor business with InvenSense as our perfect partner.”

InvenSense’s President and CEO Behrooz Abdi made the following comment:

“This is an exciting day for InvenSense as our proposed acquisition by TDK represents what we view as a compelling win for InvenSense’s shareholders, customers and employees. TDK understands the value of InvenSense’s suite of sensor and software platforms. This merger is the culmination of years of innovation and execution by our world-class employees. Together with TDK, we see a bright future that leverages our commitment to innovation with TDK’s scale, significant partner relationships and distribution channel. Our strategic goals are aligned, and we are confident that together with TDK we will accelerate our roadmap to provide next-generation sensor technologies in key fields for the world’s most innovative companies.”

In connection with the acquisition, BofA Merrill Lynch is acting as TDK’s exclusive financial advisor and Jones Day is acting as legal counsel to TDK. Qatalyst Partners is acting as exclusive financial advisor and Pillsbury Winthrop Shaw Pittman LLP is acting as legal counsel to InvenSense.

Additional Information and Where to Find It

In connection with the proposed transaction, TDK and InvenSense intend to file relevant materials with the United States Securities and Exchange Commission (the “SEC”). InvenSense will also file with the SEC a proxy statement on Schedule 14A. Following the filing of the definitive proxy statement with the SEC, InvenSense will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the InvenSense special meeting relating to the proposed transaction. INVESTORS AND SECURITY HOLDERS OF INVENSENSE ARE URGED TO CAREFULLY READ THESE MATERIALS IN THEIR ENTIRETY (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT TDK OR INVENSENSE FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TDK, INVENSENSE AND THE PROPOSED TRANSACTION. The proxy statement and other documents filed by InvenSense with the SEC may be obtained free of charge at InvenSense’s website at www.invensense.com or at the SEC’s website at www.sec.gov. These documents may also be obtained free of charge from InvenSense by requesting them by mail at InvenSense, Inc., 1745 Technology Drive Suite 200, San Jose, California 95110, Attention: Investor Relations, or by telephone at (408) 501-2200. The documents filed by TDK with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov. These documents may also be obtained free of charge from TDK by requesting them by mail at Shibaura Renasite Tower, 3-9-1 Shibaura, Minato-ku, Tokyo 108-0023, Japan, Attention: Investor Relations.

This communication does not constitute a solicitation of proxy, an offer to purchase or a solicitation of an offer to sell any securities. TDK, InvenSense, and certain of their directors, officers and employees may be deemed to be participants in the solicitation of proxies from the stockholders of InvenSense in connection with the proposed transaction. Information about the persons who may, under the rules of the SEC, be considered to be participants in the solicitation of InvenSense’s stockholders in connection with the proposed transaction, and any direct or indirect interests, by security holdings or otherwise, they have in the proposed transaction, will be set forth in InvenSense’s definitive proxy statement when it is filed with the SEC. Information regarding InvenSense’s directors and executive officers and their ownership of InvenSense’s securities is set forth in the definitive proxy statement for InvenSense’s 2016 Annual Meeting of Stockholders, which was filed with the SEC on July 29, 2016, and its Annual Report on Form 10-K for the fiscal year ended April 3, 2016, which was filed with the SEC on May 25, 2016. These documents may be obtained free of charge at the SEC’s website at www.sec.gov.

Cautionary Statement Regarding Forward-Looking Statements

This communication contains forward-looking statements that address a variety of subjects including, for example, the expected timetable for closing of the transaction between TDK and InvenSense, the expected benefits and synergies of the transaction, TDK’s and InvenSense’s plans, objectives and expectations and TDK’s expected product offerings, product development, marketing position and technical advances resulting from the transaction. Statements that are not historical facts, including statements about beliefs, plans and expectations, are forward-looking statements. Such statements are based on current expectations and are subject to a number of factors and uncertainties, are not historical facts and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements include statements that reflect the current expectations, estimates, beliefs, assumptions, and projections of TDK’s senior management about future events with respect to InvenSense’s business and its industry in general. Statements that include words such as “anticipates,” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,” “potential,” “continue,” “goals,” “targets” and variations of these words (or negatives of these words) or similar expressions of a future or forward-looking nature identify forward-looking statements. In addition, any statements that refer to projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Actual results could differ materially from those projected or forecast in the forward-looking statements. The following important factors and uncertainties, among others, that could cause actual results to differ materially from those described in these forward looking statements include, without limitation: the parties’ ability to satisfy the conditions precedent to the consummation of the proposed transaction, including, without limitation, the receipt of stockholder and regulatory approvals, including the potential for regulatory authorities to require divestitures in connection with the proposed transaction; the occurrence of any event that could give rise to the termination of the merger agreement; unanticipated difficulties or expenditures relating to the proposed transaction; legal proceedings that may be instituted against TDK or InvenSense and others following announcement of the proposed transaction; disruptions of current plans and operations caused by the announcement or pendency of the proposed transaction; the risk that expected benefits, synergies and growth prospects of the transaction may not be achieved in a timely manner, or at all; the risk that InvenSense’s business may not be successfully integrated with TDK’s following the closing; potential difficulties in employee retention as a result of the announcement and pendency of the proposed transaction; and the response of customers, distributors, suppliers and competitors to the announcement of the proposed transaction. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to the proxy statement when it becomes available and InvenSense’s filings with the SEC, including the risk factors contained in InvenSense’s most recent Annual Report on Form 10-K. Forward-looking statements represent management’s current expectations and are inherently uncertain. TDK and InvenSense assume no obligation to update the information in this communication, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

About TDK Corporation

TDK Corporation is a leading electronics company based in Tokyo, Japan. It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK's portfolio includes electronic components, modules and systems marketed under the product brands TDK and EPCOS, power supplies, magnetic application products as well as energy devices, flash memory application devices, and others. TDK focuses on demanding markets in the areas of information and communication technology and consumer, automotive and industrial electronics. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2016, TDK posted total sales of approx. USD 11.5 billion and employed about 92,000 people worldwide.

About InvenSense

InvenSense, Inc. (NYSE: INVN) provides MEMS sensor platforms. InvenSense’s vision of Sensing Everything™ targets the consumer electronics and industrial areas with integrated Motion and Sound solutions. InvenSense’s solutions combine MEMS (micro electrical mechanical systems) sensors, such as accelerometers, gyroscopes, compasses, and microphones with proprietary algorithms and firmware that intelligently process, synthesize, and calibrate the output of sensors, maximizing performance and accuracy. InvenSense’s motion tracking, audio and location platforms, and services can be found in Mobile, Wearables, Smart Home, Industrial, Automotive, and IoT products. InvenSense is headquartered in San Jose, California and has offices worldwide. For more information, go to www.invensense.com and http://www.coursaretail.com.

©2017 InvenSense, Inc. All rights reserved. InvenSense logos are trademarks of InvenSense, Inc. Other company and product names may be trademarks of the respective companies with which they are associated.

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Contacts

For TDK Media Inquiries, Contact:

Sumio Marukawa, +81-3-6852-7102

General Manager

pr@jp.tdk.com

For TDK Investor Inquiries, Contact:

Jun Hatsumi, +81-3-6852-7102

Senior Manager

ir@jp.tdk.com

or

For InvenSense Media Inquiries, Contact:

David Almoslino, 408-501-2278

Senior Director

Corporate Marketing

InvenSense, Inc.

pr@invensense.com

For InvenSense Investor Inquiries, Contact:

Dave Allen, 408-427-4463

Darrow Associates

dallen@darrowir.com

ir@invensense.com









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