Connect with us

Business Wire

LEA Networks and Methode Electronics sign Distribution Agreement

Business Wire

Published

on

Reading Time: 2 minutes

– LEA Networks to distribute Methode’s reverse-powered G.hn mDPU for FTTdp Applications for the European market

– Modular platform supports twisted-pair and coaxial cable, delivers data rates up to 2 Gbps, can be reversed-powered up to hundreds of meters and enables service providers to adopt pay-as-you-grow deployment model

AMSTERDAM–(BUSINESS WIRE)–LEA Networks, a principal provider of broadband networking and smart powering solutions, and Methode Electronics, Inc (NYSE: MEI), a global developer and manufacturer of custom engineered and application-specific products and solutions, today announced they have entered into a Sales & Marketing Distribution Agreement. Under this Agreement, LEA Networks will market and sell Methode’s G.hn Single Port DPU also known as mDPU (micro DPU) and associated SFP modules into the European market. The SFP modules are designed to be used both on the mDPU side or in third-party RG.

G.hn is an ITU networking standard that delivers data rates up to 2 Gbps and can operate over twisted pair and coax cables.

“An affordable alternative to an all-fiber deployment is what customers are looking for to simplify and help reduce installation time and costs,” said Thierry Fernandez, CEO of LEA Networks. “Methode’s mDPU solution combined with our RPF solutions strengthen LEA Networks broadband access portfolio, giving our customers a complementary solution to deliver 1 Gbps over existing copper or coax lines.”

“Having collaborated for the past several years on the implementation of RPF for the mDPU, Methode is looking forward to partnering with Lea Networks to expand our broadband network edge solutions reach into the regions they already serve,” said Jennifer Elliott, Director of Worldwide Sales for the dataMate division of Methode Electronics.

Availability

A complete end-to-end solution (G.hn mDPU, G.hn SFP modules and RPF PSE) is available now from LEA Networks. A live demonstration will be displayed at the BBWF event at LEA Networks’ booth #H50, held in Amsterdam, Netherlands, from October 15th-17th.

About LEA Networks

LEA Networks is a worldwide leader in xDSL/G.fast splitters/filters, PLC, Smart Powering (PoE, RPF and Wireless Power), lightning protection and connectivity solutions for the telecommunication industry. The company researches, designs, markets, and distributes a wide range of standard and custom products, which have been deployed by over 150 carriers worldwide. Headquartered in Paris, France, LEA Networks is a wholly-owned subsidiary of HF Company (Euronext: HF). More information is at https://www.lea-networks.com.

About Methode

Methode Electronics, Inc. (NYSE: MEI) is a global developer of custom engineered and application specific products and solutions with manufacturing, design and testing facilities in Belgium, Canada, China, Egypt, Germany, India, Italy, Lebanon, Malta, Mexico, Singapore, Switzerland, UKand the USA. Our components are in the primary end markets of the automobile, computer, information processing and networking equipment, voice and data communication systems, CE, appliances, aerospace vehicles and industrial equipment industries. Further information can be found on Methode’s Web site www.methode.com.

Contacts

LEA Networks
Pablo Sandoval

VP Business Development

pablo.sandoval@lea-networks.com

Methode Electronics
Jennifer Elliott

Director Worldwide Sales

jelliott@methode.com

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

For the last half century, thousands of communications professionals have turned to us to deliver their news to the audiences most important to their business through the sources they trust most. Over that time, we've gone from a single office with one full time employee to more than 500 employees in 32 bureaus.

Business Wire

 2019 World Sensors Summit Unveiled—Maiden Announcement of Plan for China (Zhengzhou) Intelligent Sensor Valley

Business Wire

Published

on

Reading Time: 2 minutes

BEIJING–(BUSINESS WIRE)–On the morning of November 9, a grand opening for the 2019 World Sensors Summit (WSS) landed on Zhengzhou International Convention Centre. Guided by Ministry of Industry and Information Technology of the People’s Republic of China and the China Association for Science and organized by China Instrument and Control Society and National Zhengzhou Hi-tech Industrial Development Zone, the summit was hosted by the People’s Government of Henan, China Instrument and Control Society, Henan Provincial Development and Reform Commission, Henan Provincial Department of Science and Technology, Henan Provincial Industry and Information Technology Commission, Henan Provincial Foreign Affairs Committee Office, Henan Association for science and technology and the People’s Government of Zhengzhou. Participators included experts from eight countries and regions including China, the US, Japan, Germany, the UK, Italy, South Korea and 12 international organizations, representatives from Siemens, Panasonic, Honeywell, GE, Alibaba, JD.com, Dassault, CNPC and China Academy of Space, and over 300 renowned companies in the sensor industry.

The plan for China (Zhengzhou) Intelligent Sensor Valley has been officially announced. It specifies two goals, firstly to build one hundred billion-worth industrial clusters and sensor towns for establishing the “one valley, multiple sites” industrial space layout, and secondly to create an excellent industry ecological environment and take effective measures to build the cluster.

To build the “three special industrial chains” and “three industrial clusters”, National Zhengzhou Hi-tech Industrial Development Zone will keep improving innovative capabilities by establishing Zhengzhou Intelligent Sensor Institute and a platform that introduces intelligent sensors for promoting technological innovation and facilitating the cooperation for platforms that combine industry, teaching and research. Based on the current resources of national labs and universities, the collaboration between universities and enterprises will be enhanced in building test platforms for generic technology and establishing the Zhengzhou standards and tests and thus promoting industrial development.

To ensure smooth implementation, guarantees in policy, elements and environment are also included in the plan. Combining resources and effective policy design, excellent methods of investment promotion and industrial resources linkage will be taken to ensure the introduction of high-quality projects into or out of China.

APUS, a Chinese unicorn company providing mobile service to 1.4 billion global users, has helped promote WSS2019 via platform built in APUS System and AI powered solution of advertisement distribution.

Contacts

APUS Group

Lynn Wang

info@globalnewsonline.info
010-5668-6973

www.apusapps.com

Continue Reading

Business Wire

Shareholder Alert: Robbins LLP Announces Plantronics, Inc. (PLT) Sued for Misleading Shareholders

Business Wire

Published

on

Reading Time: 2 minutes

SAN DIEGO & SANTA CRUZ, Calif.–(BUSINESS WIRE)–$PLT–Shareholder rights law firm Robbins LLP announces that a purchaser of Plantronics, Inc. (NYSE: PLT) filed a class action complaint against the Company for alleged violations of the Securities Exchange Act of 1934 between July 2, 2018 and November 5, 2019. Plantronics designs, manufactures, and markets various integrated communications and collaborations solutions for corporations, small businesses, and individuals.

If you suffered a loss as a result of Plantronics’ misconduct, click here.

Plantronics, Inc. (PLT) Accused of Misleading Shareholders

According to the complaint, throughout the relevant period, Plantronics reported increasing net revenues in the hundreds of millions and in August 2019, the Company announced expected revenue between $1.87 and $1.97 billion for fiscal year 2020. However, Plantronics had failed to disclose to investors that the Company had engaged in channel stuffing to artificially boost sales and that the Company lacked internal control over inventory, including an inability to monitor inventory levels ahead of multiple product launches. The adverse impact of these issues became realized on November 5, 2019, when Plantronics disclosed a $65 million reduction in channel inventory “by reducing sales to channel partners” and slashed its fiscal 2020 guidance. On this news, Plantronics’ stock price fell $14.44 per share, nearly 37%, to close at $25.00. The stock has yet to recover.

Plantronics, Inc. (PLT) Shareholders Have Legal Options

Contact us to learn more:

Leo Kandinov

(800) 350-6003

lkandinov@robbinsllp.com
Shareholder Information Form

Robbins LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click here to receive free alerts from Stock Watch when companies engage in wrongdoing.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts

Leo Kandinov

Robbins LLP

lkandinov@robbinsllp.com
(619) 525-3990 or Toll Free (800) 350-6003

www.robbinsllp.com

Continue Reading

Business Wire

Onset Financial Named a Winner of the Utah Top Workplaces 2019 Award

Business Wire

Published

on

Reading Time: 2 minutes

DRAPER, Utah–(BUSINESS WIRE)–#equipmentleasing–Onset Financial was just named the 14th Best Place to Work in Utah. The Salt Lake Tribune released the list based on employee feedback gathered through a third-party survey administered by research partner Energage, LLC, a leading provider of technology-based employee engagement tools. The anonymous survey measures several aspects of workplace culture, including alignment, execution, and connection, just to name a few.

“The Top Workplaces award is about much more than recognition and celebration,” said Eric Rubino, CEO of Energage. “Our research also shows that these organizations achieve higher referral rates, lower employee turnover, and double the employee engagement levels. It just goes to show that being intentional about culture delivers bottom-line results.”

Onset Financial dedicates time and effort to provide employees with an environment focused on their needs. As a core value, a healthy company culture is crucial to creating a dominating workplace. Onset Financial holds semiannual employee training, provides unlimited free cereal, distributes a hearty amount of company swag, serves catered lunches every Friday and focuses on employee appreciation.

“It’s exciting to be recognized as a top workplace in Utah, and I’m grateful to the members of our team who have put in the time to make Onset the place to be,” said Justin Nielsen, CEO of Onset Financial. “We are experiencing a record year and we know our employees are the biggest reason for this success.”

Most recently, Onset Financial launched Onset Fit. This program offers trainer-led workouts three times a week to employees during their lunch hour.

About Onset Financial, Inc. – Founded in 2008, Onset Financial, Inc. is the industry leader in equipment leasing and financing. Onset’s seasoned Management Team has decades of equipment leasing experience and key industry relationships that enable Onset to offer additional flexibility in lease structuring. For more information please call 801-878-0600 or visit www.onsetfinancial.com.

Contacts

Debbie Worthen

Onset Financial, Inc.

o: 801.878.0600

f: 801.878.0601

dworthen@onsetfinancial.com
www.onsetfinancial.com
Facebook: https://www.facebook.com/OnsetFinancial
Twitter: https://twitter.com/OnsetFinancial
LinkedIn: https://www.linkedin.com/company/onset-financial

Continue Reading

Font Resizer

Subscribe to PICANTE via Email

Enter your email address to subscribe to PICANTE and receive notifications of new posts by email.

Follow us on Facebook

Read more from our authors

Follow our Tweets

Trending

Please turn AdBlock off