Quarterly Revenue Increased to US$4.0 Million With Adjusted EBITDA(1) of US$965 Thousand

 

VANCOUVER, BC--(March 23, 2016) - Intrinsyc Technologies Corporation(ITC.TO) (ISYRF) ("Intrinsyc" or the "Company"), a leading provider of solutions for the development of intelligent connected devices, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2015. Intrinsyc reports fourth quarter revenue of US$4.0 million versus US$2.6M in the fourth quarter of 2014, an increase of 57%. Intrinsyc achieved adjusted EBITDA of US$965,194 in the fourth quarter of fiscal 2015, with net income of US$805,532 and earnings per share of US$0.04. For the 2015 fiscal year, Intrinsyc reports revenue of US$12.5 million compared to US$10.1 million, an increase of 25%. Intrinsyc achieved adjusted EBITDA of US$1.7 million during fiscal 2015 with net income of US$722,773 and earnings per share of US$0.03. Financial information is reported in United States dollars and in accordance with International Financial Reporting Standards ("IFRS").

- Company Focusing on Core Strategic Solutions, Continuing Move Toward Higher Value IC and SoC Offerings

- Improves Company's Overall Profitability Metrics and Growth Profile

 

ALISO VIEJO, Calif., March 23, 2016  -- Microsemi Corporation (MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today announced it has entered into a definitive agreement to divest a non-strategic component of a board level systems and packaging business to Mercury Systems, Inc. (MRCY), for $300 million in cash (subject to a customary purchase price adjustment).

 

"This carve out is advantageous to Microsemi both strategically and financially," said James J. Peterson, chairman and CEO of Microsemi. "It allows the company to intensify its focus and frees up investment capital for the ongoing development of proprietary, higher-value solutions for our aerospace & defense, communications, industrial and storage end markets. The resulting business model will be more profitable with better growth opportunities and, importantly, all proceeds from this sale will be used to retire debt associated with the recent acquisition of PMC-Sierra."

SINGAPORE, March 23, 2016  - Zecotek Photonics Inc. (TSX-V: ZMS; Frankfurt: W1I.F, OTCPK: ZMSPF), a developer of leading-edge photonics technologies for industrial, healthcare and scientific markets, is pleased to announce that a major medical OEM based in China has selected Zecotek's patented lutetium fine silicate (LFS) scintillation crystals for a new line of high resolution positron emission tomography (PET) medical imaging devices. It is anticipated that the first high resolution PET medical imaging device using Zecotek's LFS crystals will be installed in a Shanghai hospital in July 2016.

Gartner Report States That Overall, IAM Is Necessary to Enable Personalized, Secure and Auditable Access to Networks, Systems and Data, a Top Priority in Higher Education

 

NEW YORK, NY--(Mar 23, 2016) -  Code Rebel Corp. (NASDAQ: CDRB), an enterprise software development firm that licenses its proprietary software solution to enable simplified secure access and communications between PC and Mac environments on virtually any computer, tablet, or smartphone, today is pleased to announce that Aegis Identity, a leading education-focused Identity and Access Management ("IAM") solution provider, which will be acquired by Code Rebel under the terms of the March 14, 2016 Merger Agreement, is recognized as a "Selected Vendor" in two categories in Gartner IT Market Clock for Higher Education, 2015. Other selected vendors mentioned include Fischer International Identity, IBM, Microsoft, NetQ and Oracle. The analysis was provided by Terri-Lynn B. Thayer, Jan-Martin Lowendahl, Glenda Morgan, Matthew W. Cain, Gregg Kreizman, Jeffrey Mann, and published on August 26, 2015.