Planar Reports Fiscal Fourth Quarter and Full Year 2014 Financial Results

36% Increase in Fiscal 2014 Digital Signage Product Sales Drives $0.27 in full year Non-GAAP EPS

BEAVERTON, Ore.-- Planar Systems, Inc. (PLNR), a global leader in display and digital signage technology, reported financial results for the fiscal fourth quarter and year ended September 26, 2014.

Fiscal Q4 2014 Highlights

  • Digital Signage (DS) product sales increased 18% from the prior quarter and 42% from the same year-ago quarter to $25.2 million.
  • Commercial and Industrial (C&I) product sales increased 26% from the prior quarter and 2% from the same year-ago quarter to $28.4 million.
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eMagin Receives $6.8 Million in R&D Contracts; Demonstrates Brightest Full Color OLED Microdisplay

eMagin Corporation (NYSE MKT: EMAN), a leader in OLED microdisplays and virtual imaging technologies, announced today that it has been awarded three new R&D contracts totaling $6.8 million. One of the three new contracts is a $1.1M contract over 15 months to further enhance the full color brightness of its recently demonstrated ultra-high-brightness microdisplay products. The second is a $4.9 million contract over 30 months and the third is a $.8 million contract over 11 months, both pertain to new manufacturing technology. Further details regarding the second and third contracts will be released in the near future.

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Energy Focus Receives Another Record Order for the U.S. Navy

SOLON, Ohio, Oct. 7, 2014 -- Energy Focus, Inc. (EFOI), a leader in LED lighting technologies, today announced that the Company has received a $7.9 million order for the United States Navy—its second large order for the Navy in less than 30 days. This order is expected to be delivered throughout the first half of 2015, and is now the single largest in the Company's history, topping the $7.7 million order received in September.

As with the $7.7 million order received last month, this $7.9 million order is entirely for Energy Focus' military Intellitube(R) LED retrofit tubes. This industry's only true plug-and-play technology based on proprietary and patented circuit designs allows for direct fit into existing fluorescent sockets with or without the ballast in place. To date, the military Intellitube(R) is now installed on approximately 160 naval vessels in the U.S. Navy fleet. Upon delivery of this order in the first half of 2015, the U.S. Navy will have converted just over 10% of its fluorescent tubes with Intellitube(R).

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TIBCO to Be Acquired by Vista Equity Partners for $24.00 per Share in Cash

Transaction Values TIBCO at Approximately $4.3 Billion Purchase Price Represents 26% Premium to Unaffected Stock Price

PALO ALTO, CA--(Sep 29, 2014) - TIBCO Software Inc. (NASDAQ: TIBX), a global leader in infrastructure and business intelligence software, today announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners, a leading private equity firm focused on software, data and technology-enabled businesses. Under the terms of the agreement, TIBCO stockholders will receive $24.00 per share in cash, or a total of approximately $4.3 billion, including the assumption of net debt. The agreement was unanimously approved by TIBCO's board of directors following a thorough review of strategic and financial alternatives conducted by a Special Committee of the Board.

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TTM Technologies, Inc. to Acquire Viasystems Group, Inc.

Combination Creates One of the World’s Leading PCB Manufacturers
Transaction Expected to be Materially Accretive in the First Year

COSTA MESA, Calif & ST. LOUIS-- TTM Technologies, Inc. (TTMI) (“TTM”) and Viasystems Group, Inc. (VIAS) (“Viasystems”) today announced the execution of a definitive agreement under which TTM will acquire all outstanding shares of Viasystems for a combined consideration of $11.33 in cash and 0.706 shares of TTM common stock, which based on the closing market price on September 19, 2014 was valued at $16.46 per Viasystems share, or approximately $368 million. The total enterprise value of the transaction, including the assumption of debt, is approximately $927 million.

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