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PCT Takes Legal Action To Protect Against Hostile Takeover

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MESA, Ariz.–(BUSINESS WIRE)–Following the filing of an Involuntary Petition by an adverse party, PCT International, Inc. has moved to convert the filing to Chapter 11 in order to protect itself from hostile actions aimed at gaining control of PCT and its intellectual property rights. PCT’s lenders are committed to the company with Sallyport Commercial Finance saying “We are supporting PCT and their Team 100% during their Chapter 11 restructuring process.” PCT is optimistic that the Court will quickly grant its Motion.

After 20 years, PCT’s telecom business model remains strong. PCT stays committed to delivering the best quality at the best price.

This action comes after a series of court decisions. In 2006, PPC/Belden brought an action against Holland/Amphenol Electronics for infringing PPC connector patents. PPC prevailed, putting Holland’s connector business in jeopardy. But then PCT’s former vendor, EZconn, secretly engineered compression connectors for Holland/Amphenol using PCT IP and trade secrets to keep Holland/Amphenol in the connector market.

Undisclosed to PCT, EZconn or its principals had a financial stake in Holland/Amphenol and used PCT’s IP and trade secrets to help keep the Holland/Amphenol connector business afloat. PCT brought an infringement suit against Holland when it was discovered that they had infringed on PCT’S IP. In 2015, the Court ruled in PCT’s favor and granted a Judgment against Holland/Amphenol.

During the course of that case PCT found that Holland was able to infringe its IP only because EZconn had given PCT’s IP and engineering trade secrets to them. It was also discovered that EZconn gave Holland PCT’s financial, cost, and pricing information. Court records include information supporting the fact that these disclosures occurred and that Michael Holland, President of Holland, asked EZconn to erase the emails between the two companies, fearing legal action.

PCT also learned that EZconn had taken its IP and obtained its own patents on that IP without PCT’s knowledge or consent. This included patents on PCT’s improved locking connector. PCT has filed an invalidity action to protect its IP and expects a positive outcome shortly.

PCT ceased doing business with EZconn based on these bad acts and in 2014 began legal action to address these issues. PCT sought judgment to recover damages for these acts. EZconn brought actions against PCT as well. But, the law firm that PCT used in that action did not properly plead the case which resulted in judgments being issued against PCT. PCT has retained the nationally renowned law firm of Beus Gilbert as counsel in a malpractice case against that firm.

This Chapter 11 filing provides PCT space to continue its operations, maintain its supply chain, protect its IP, ensure the company’s future success and thwart this attempted hostile takeover. PCT will continue to support its customers with quality products and services.

About

PCT International, Inc. is a privately owned company serving a significant segment of the U.S. telecommunications infrastructure. PCT has manufactured over 1,000,000 miles of coaxial cable with its proprietary technology. PCT has also sold over one billion coaxial cable connectors worldwide. PCT’s patented coaxial cable and connectors have been installed in approximately 10% of all homes and businesses in America. To learn more, visit, http://www.pctinternational.com/our-company/.

Contacts

Company Contact
Doug Drury
President & General Counsel
PCT International, Inc.
pctinfo@pctintl.com

Media Contact
Jineane Ford
Chief Information Officer
Andes Industries, Inc.
tel +1.480.603.0663

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Business and Management

Pluxity Launches PLUG Kiosk for Comprehensive Spatial Information Service

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– It provides convenience service tailored for mobility handicapped people

SEOUL, South Korea–(BUSINESS WIRE)–#3DplatformPluxity, a plug-in solution provider based in Korea, announced on December 16, 2019 the launch of the PLUG Kiosk that provides 3D-based spatial information.

The PLUG Kiosk helps one easily find important facilities and stores by displaying spatial information in 3D maps. When a user chooses departing place, transit spots and destination, it intuitively shows the entire route.

It also offers various convenience services to customers who visit the site where the PLUG Kiosk is installed.

Equipped with a digital braille pad, it provides a system for mobility handicapped people including visually impaired persons as well as information on monitored quality of air, fine dusts and harmful gases using smart environmental sensor. And, the kiosk can be used by users with diverse statures as its height can be adjusted accordingly.

Featuring functions of guiding the way tailored for mobility handicapped people and visually impaired persons, it also can provide intuitive information based on easy-to-use interface and intuitive information based on 3D, identical services in diverse environments based on web standards, notices by surrounding facilities, and information on events depending on locations of users.

“PLUG Kiosks will initially be installed at areas congested with transient population, such as subway stations and airports, and we will expand available areas on phased basis for convenience of consumers,” said a manager at the company.

Earlier, Pluxity showcased the PLUG Kiosk at international trade events, including the Smart City Expo World Congress and IoT Tech Expo North America.

For further information on the PLUG Kiosk, please visit website of Pluxity (www.pluxity.com).

Contacts

Pluxity Co., Ltd.

Yoon Jae-min

+82-2-332-9002

biz@pluxity.com

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Business and Management

QInsure Goes Live with FINEOS Claims

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DUBLIN–(BUSINESS WIRE)–#AdminSuiteFINEOS Corporation (ASX:FCL), the market-leading provider of group and individual core systems for life, accident and health insurance, today announced that QInsure, the insurance arm of QSuper, one of Australia’s largest and most respected superannuation funds, has successfully gone live with FINEOS Claims.

The QInsure and FINEOS partnership will bring about changes focused on foundational operational uplift including improved, integrated and automated processes and workflow for claims covering life, TPD and income protection. Key highlights of the program included automatic payment calculations and FSC Code of Practice solutions that help case managers deliver on the insurance promise and meet regulatory obligations. The overarching philosophy focussed on member-centric claims outcomes including automated claims management with FINEOS embedded analytics and integrated generation of correspondence to members.

Speaking about the project, Chief of QInsure, Phil Fraser said, “We ran a comprehensive RFP and completed a lot of due diligence to choose FINEOS as our partner. The collaborative partnership has been extremely positive, and the project has delivered high quality results. We achieved this by both parties providing strong leadership and governance, working very closely across business and IT, and sticking assiduously to FINEOS’ comprehensive out of the box solutions. We are already seeing one of the key objectives of this program come to life in our streamlined claims processes, enabling our Claim Managers, to be freed up from routine administrative tasks to focus on providing even more excellent outcomes to QSuper members.”

Michael Kelly, CEO, FINEOS added, “This has been an exciting project for us in Australia and we have enjoyed working with QInsure to assist them improve their service even further. FINEOS has the market leading product and a very strong local team that has established trusted relationships with some of the largest and most respected insurers across the ANZ region – with well over 10,000 licensed users locally, our product helps process millions of claims each year. We pride ourselves on a laser-like focus on adding business value and are delighted to add Qinsure to the growing and thriving FINEOS community.”

About FINEOS Corporation Limited

FINEOS is a leading provider of core systems for life, accident and health insurers globally with 6 of the 10 largest group life and health carriers in the US as well as 6 of the largest life insurers in Australia. With employees and offices throughout the world, FINEOS continues to scale rapidly, working with innovative progressive insurers in North America, Europe, and Asia Pacific.

The FINEOS Platform provides clients full end to end core insurance administration and includes the FINEOS AdminSuite core product suite as well as add-on products, FINEOS Engage to support digital engagement and FINEOS Insight for analytics and reporting.

For more information, visit www.FINEOS.com

About QInsure

QInsure was established to exclusively provide Group Life Insurance policies for QSuper, so life insurance benefits can be provided to QSuper members as part of their superannuation membership.

QInsure, the first insurance company set up by a superannuation fund in Australia, was established on 29 July 2015 as a wholly owned subsidiary of QSuper Limited and commenced issuing life insurance policies from 1 July 2016. The company has ASFL and APRA licenses to operate as an insurance company, as well as an independent Board of Directors and Executive Leadership Team.

About QSuper

QSuper started with an Act of Parliament in 1912 creating the entity now known as the QSuper Group.

Over time, QSuper expanded to become the superannuation fund for all current and former Queensland public sector employees and their spouses and is now Queensland’s largest super fund and one of the largest in Australia. QSuper has grown its range of products and services, with its customer base is now numbering more than 585,000 with over $113 billion in funds under administration.

With the passing of legislation in 2016 that removed the restrictions on who is eligible to join the Fund, from 1 July 2017 QSuper was able to welcome more Australians to experience the QSuper feeling.

For more information, visit https://qsuper.qld.gov.au/

Contacts

Victoria Jamison

Marketing Manager

FINEOS Corporation

+ 353 1 639 9700

victoria.jamison@FINEOS.com

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Business and Management

Baidam Solutions Joins CrowdStrike’s Elevate Partner Program

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Partnership delivers next-generation endpoint protection to Indigenous communities, supporting education in Information and Communications Technology (ICT) sector

SYDNEY–(BUSINESS WIRE)–CrowdStrike® Inc. (Nasdaq: CRWD), a leader in cloud-delivered endpoint protection, today announced Baidam Solutions has joined the CrowdStrike Elevate Partner Program. Through this strategic partnership, Baidam Solutions will combine their offerings with CrowdStrike’s industry-leading endpoint protection platform to help customers stop breaches. The CrowdStrike Elevate Partner Program provides technology partners, solutions providers, system integrators and managed service providers with the capability to deliver bespoke solutions to customers.

Through the Elevate Partner Program, Baidam Solutions will offer CrowdStrike’s cloud-native Falcon platform, powered by Artificial Intelligence (AI), unified next-generation antivirus (NGAV), IT hygiene, endpoint detection and response (EDR), cyber threat intelligence, and proactive threat hunting for customers in Australia. Delivered via a single lightweight agent, the solution enables reliable prevention, detection, response and mitigation to all threats, including sophisticated malware-free intrusions, so that customers can spot and stop breaches quickly.

Baidam Solutions is CrowdStrike’s first Australian Indigenous channel partner and offers a unique go-to-market strategy. Phillip Jenkinson, chief executive officer and co-founder, Baidam Solutions, said, “We’re delighted to be working with CrowdStrike to bring the very best cybersecurity solutions to our customers. We are committed to helping to Bridge the Gap of Indigenous diversity and inclusion in the ICT sector. We believe that education, creating role models and pathways of employment for Indigenous ICT students is key to diversifying the IT security industry. Our partnership with CrowdStrike demonstrates how a reseller and a vendor can work together to deliver excellent results, while also creating role models for Indigenous students to follow.”

“We’re pleased to add Baidam Solutions to our roster of channel partners. Baidam’s record of not only delivering industry-leading network security and application security expertise, but of giving back to regional and remote communities through educational scholarships and funding for cybersecurity certification training makes them a perfect partner for both our products and our values,” said Geoff Swaine, regional vice president, Channel and Alliances Asia Pacific and Japan, CrowdStrike.

The CrowdStrike Elevate Partner Program provides technology partners, solution providers, system integrators and managed service providers with the capability to deliver bespoke solutions to customers. Joint customers of Baidam Solutions and CrowdStrike have access to combined, advanced capabilities that leverage all of the existing assets within a customer’s environment, allowing them to operate their security efforts in a more efficient and effective manner responding to security threats faster and with greater accuracy.

About Baidam Solutions

Established in 2018, Baidam Solutions Pty Ltd is an Australian owned and operated, Supply Nation Certified, information technology business. Baidam Solutions delivers industry leading network security and application security expertise, allowing organisations to achieve greater performance, productivity, and protection.

Baidam Solutions gives back to regional and remote communities through educational scholarships and funding for cyber security certification training.

By partnering with some of Australia’s largest employers, the company is able to provide secure employment options through the Baidam Initiative program. This program provides pathways to employment in the ICT security sector for First Nations people.

About CrowdStrike

CrowdStrike® Inc. (Nasdaq: CRWD), a global cybersecurity leader, is redefining security for the cloud era with an endpoint protection platform built from the ground up to stop breaches. The CrowdStrike Falcon® platform’s single lightweight-agent architecture leverages cloud-scale artificial intelligence (AI) and offers real-time protection and visibility across the enterprise, preventing attacks on endpoints on or off the network. Powered by the proprietary CrowdStrike Threat Graph®, CrowdStrike Falcon correlates over two trillion endpoint-related events per week in real time from across the globe, fueling one of the world’s most advanced data platforms for security.

With CrowdStrike, customers benefit from better protection, better performance and immediate time-to-value delivered by the cloud-native Falcon platform.

There’s only one thing to remember about CrowdStrike: We stop breaches.

Qualifying organizations can gain full access to Falcon Prevent™ by starting a free trial.

Learn more: https://www.crowdstrike.com/

Follow us: Blog | Twitter

© 2019 CrowdStrike, Inc. All rights reserved. CrowdStrike, the falcon logo, CrowdStrike Falcon and CrowdStrike Threat Graph are marks owned by CrowdStrike, Inc. and registered with the United States Patent and Trademark Office, and in other countries. CrowdStrike owns other trademarks and service marks, and may use the brands of third parties to identify their products and services.

Contacts

CrowdStrike Media Contact:
CrowdStrike, Inc.

Megan Guthrie +61407464121

Megan.guthrie@crowdstrike.com

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