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000-036 IBM Maximo Asset Management V7.1(R) Fundamentals

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000-036 exam Dumps Source : IBM Maximo Asset Management V7.1(R) Fundamentals

Test Code : 000-036
Test denomination : IBM Maximo Asset Management V7.1(R) Fundamentals
Vendor denomination : IBM
braindumps : 98 actual Questions

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IBM IBM Maximo Asset Management

Ontracks Consulting Takes accurate IBM Maximo Reseller Title….again | killexams.com actual Questions and Pass4sure dumps

Edmonton, Canada, February 05, 2019 --(PR.com)-- Ontracks Consulting has solidified its vicinity as a premier IBM associate, once once again being named the #1 Reseller of IBM Maximo EAM application in North the united states. here's the fourth time over the past five years that Ontracks has been so honoured.

a leading Maximo implementer and an IBM Platinum stage industry accomplice, Ontracks Consulting has been proposing asset management implementation features for over a decade. This corporate success has its roots in the household corporate lifestyle. It highlights the added value that Ontracks continues to convey to its valued clientele as neatly because the success of the firm's client-concentrated philosophy.

“We’re very completely satisfied to be as soon as once again be identified for because the leading reseller of IBM Maximo,” says Craig Mackenzie, main at Ontracks Consulting. “This achievement confirms their dedication to preserving the optimum stage of competency with IBM Maximo and the difficult drudgery and dedication of their complete group.”

On the accomplishment, IBM’s Industrial Channel chief Matt Simons remarks, "As they deem their companion ecosystem you admire perquisite away which partners absorb the DNA to be successful: fine of americans, industry talents, thought leader, capacity to collaborate, and many others. or not it's evident that Ontracks possesses these features by way of as soon as once more being their suited Maximo reseller in North the usa for the fourth time in 5 years. What an accomplishment!"

About Ontracks Consulting

Ontracks Consulting is a leading implementer of IBM’s enterprise Asset management product Maximo and operational growth company, working with consumers sum over to improve their operational performance. Ontracks specializes in delivering industry implementations and helping their consumers recognize tangible and sustainable operational advancements.


IBM provides Asset Optimization Capabilities With Oniqua Buyout | killexams.com actual Questions and Pass4sure dumps

foreign company Machines organisation IBM lately got Oniqua Holdings Pty Ltd. for an undisclosed quantity. Oniqua provides information superhighway of issues (“IoT”) primarily based upkeep, restore and operations (“MRO”) inventory optimization solutions. This buyout will bolster IBM’s Asset Optimization apply.

IBM’s asset optimization solutions portfolio already includes Tririga as well as the industry leading Maximo. in the meantime, Oniqua caters to manufacturing, mining, transportation, oil & gas, utilities and different such asset-intensive industries. The transaction will permit IBM to more suitable serve its current valued clientele and optimize its operations for bigger productiveness.

Focal elements of the Acquisition

Per the click unencumber, IBM plans to merge its asset optimization solutions with that of Oniqua’s. in particular, Oniqua’s flagship provider — MRO solution — when mixed with IBM’s asset optimization solution Maximo will uphold IBM to give a “solutions-as-a-service” based mostly solution.

IBM functions will additionally gain “a crew of experts” from Oniqua. The MRO and other prescriptive and predictive analytical capabilities of the community will give IBM a aggressive aspect in application capabilities market.

With a combined retort platform, IBM looks forward to tender a lone facts source encompassing company property to permit a “24/7 operational efficiency.”

lessen Asset Downtime: Key Catalyst

The primary headwind for the asset intensive organizations is annual unscheduled asset downtime. This basically stems from the lack of inventories and spare parts. The insights acquired with the aid of scrutinizing and examining the industry records can minimize unscheduled operational downtime by using guaranteeing the most useful material and spare parts required to fulfill the demand.

IBM remains concentrated to provide the clientele with a solution basically geared toward decreasing unscheduled asset downtime, which allows these clientsto know their enterprise goals sooner. With Oniqua’s IoT talents within the asset management space, IBM is probably going to fortify its asset optimization capabilities a fine deal.

in consequence, groups will capitalize from the clean unite with the information in precise-time. it's going to allow the clientele to foretell machine screw ups, because of this shrinking unplanned downtime.

What the investors deserve to understand

IBM’s inventory has lost 2.1% of its cost over the eventual year, narrower than the trade’s rally of 2.6%.

The company’s growing clout in the enterprise Asset management (EAM) application market is evident from market analysis company Gartner’s November 2017 “Magic Quadrant for industry Asset administration software” record where it dwelling IBM in the “Leaders” quadrant for its Maximo offering. With Oniqua buyout, IBM is probably going to reinforce the predominant position it enjoys in the market.

in addition, per analysis company MarketsandMarkets, the EAM market dimension is anticipated to develop from $3.forty four billion in 2017 to $6.05 billion by using 2022 at a CAGR of eleven.9%. They accept as staunch with IBM is smartly poised to capitalize on this lucrative desultory with the further IoT-based capabilities Oniqua brings on board.

Strengthening IoT Capabilities Bodes well

Per IBM’s estimates, there will be around 30 billion connected gadgets by using 2020, consequently increasing the requisite for IoT systems. subsequently, the company’s investment in the know-how appears to be rather smartly planned. They dependence the upcoming fresh combined retort holds promise.

on account that the advantages, they can signify on regular enlarge of the industry driven via IoT and ersatz intelligence (“AI”) technologies so they can finally assist it to compete towards friends.

Zacks Rank & Key Picks

IBM currently carries a Zacks Rank #3 (cling).

enhanced-ranked shares in the broader expertise sector are Western Digital WDC, Mellanox MLNX and Micron MU, every sporting a Zacks Rank #1 (effective purchase). which you could discern the finished list of these days’s Zacks #1 Rank stocks perquisite here.

The projected lengthy-term profits growth expense for Western Digital, Mellanox and Micron are 19%, 15% and 10%, respectively.

modern day shares from Zacks' most well liked options

it be complicated to accord with, even for us at Zacks. however while the market gained +21.9% in 2017, their accurate inventory-deciding upon screens absorb lower back +one hundred fifteen.0%, +109.3%, +104.9%, +ninety eight.6%, and +sixty seven.1%.

And this outperformance has no longer just been a concurrent phenomenon. over the years it has been remarkably constant. From 2000 - 2017, the composite every year commonplace capitalize for these suggestions has overwhelmed the market greater than 19X over. might be much more spectacular is the incontrovertible fact that we're willing to partake their newest stocks with you without cost or duty.

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IBM Maximo service Request | killexams.com actual Questions and Pass4sure dumps

IBM Maximo service Request (provider Request) app gives a platform for entering provider requests into IBM Maximo Asset management. carrier Request is arrogate with IBM Maximo any dwelling 7.6.2.x.

clients can communicate or ilk a description of the request, and enter a region and an asset for the request. they can additionally view the requests that they created which are at the flash unresolved that will comply with up on those requests. Contact your IBM Maximo anyplace administrator earlier than the utilize of this application.


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Half Year Results | killexams.com actual questions and Pass4sure dumps

PhotonStar LED Group Plc

 

Half year results

 

PhotonStar LED Group Plc (AIM: PSL, "PhotonStar" or "the Group"), the British designer and manufacturer of smart LED lighting solutions, announces its half year results for the six months ending 30 June 2016.

 

Operational and strategic overview

·      Paid for trials for HalcyonTM and halcyon cloudBMSTM, which are expected to lead to larger roll out opportunities, now installed and customer planning facet 2 roll out discussions are taking place.

·      The first facet 2 Halcyon order secured from an NHS Hospital following a successful three month on-site trial;

·      Participated at IBM Interconnect in February 2016 and previewed cloudBMSTM, which delivers Internet of Things ("IoT") structure Management System as a Service (BMaaSTM)

·      Secure commissioning patent granted - Targeted at IoT lighting, sensors, actuators and other devices employed where security vulnerabilities must be safeguarded

·      Established a fresh Halcyon IoT team to better deliver 'turnkey' IoT lighting and cloudBMSTM solutions to customers, with additional staffing being satisfied through outsourcing arrangements

·      industry restructuring during Q1 2016 has resulted in a significantly leaner organisation with an annualised cost saving on overheads of approximately £0.5m

 

Financial overview

•     Raised £1.00m (before expenses) of additional capital from fresh and existing shareholders in March 2016 to further expand the HalcyonTM software and services offering

•     Revenues down 22% to £2.53m (H1 2015: £3.26m)

•     obscene profit margin down to 33% (H1 2015: 37%)

•     Administrative expenses down 4% to £1.76m  (H1 2015: £1.83m)

•     Adjusted EBITDA loss increased to £0.54m (H1 2015: loss £0.20m)

•     Pre-tax loss of £0.91m (H1 2015: loss £0.59m)

•     Loss per partake of 0.4p (H1 2015: loss per partake 0.4p)

•     At 30 June 2016, net debt £0.68m (H1 2015: net debt £0.67m)

•     H1 2016 Segmental revenue analysis

-    Lighting Fixtures revenues down 21% to £1.59m (H1 2015:£2.00m)

-    condense manufacturing revenues down 32% to £0.68m (H1 2015:£1.00m)

-    Halcyon / Light engines up 6% to £0.26m (H1 2015:£0.25m)

•     Segmental Adjusted EBITDA analysis

-    Lighting Fixtures loss of £0.25m (H1 2015: loss £0.09m)

-    condense manufacturing loss of £0.05m (H1 2015: profit £0.10m)

-    Halcyon / Light engines loss of £0.10m (H1 2015: loss £0.06m)

 

 

 

James McKenzie, Chief Executive of PhotonStar, said:

"In H1 2016, they made suited progress in transitioning the Group into becoming a retrofit connected lighting and structure management business.  They absorb installed a number of trials in a variety of different industry sectors and absorb just received their first facet 2 order from these trials.  They are therefore very pleased with the significant progress in this zone of the business.

 

The traditional lighting industry continues to be affected by significant competitor expense reductions, resulting in a decline in revenues and increased pressure on profit margins. They absorb restructured the Group in order for this zone of the industry to be profitable at the lower revenue levels now experienced and to better deliver upon the growth opportunities afforded by Halcyon IoT projects and paid for trials which they hope will lead to the roll out of significant fresh contracts.

 

Key technical demonstrations of halcyonPRO2TM and cloudBMSTM products at IBM interconnect 2016 point the way to the future of the group and its future growth."

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

For further information:

 

PhotonStar LED Group Plc (www.photonstarled.com)

+44 (0)2381 230381

James McKenzie - Group Chief Executive

Northland Capital Partners

+44 (0)20 3861 6625

Patrick Claridge/David Hignell/Margarita Mitropoulou (Corporate Finance)

John Howes/Rob Rees (Corporate Broking)

 

About PhotonStar LED Group Plc

 

PhotonStar LED Group Plc is a leading British designer and manufacturer of smart lighting and structure control solutions. The Group's proprietary technology Halcyonâ„¢ is a scalable, secure wireless IoT platform for retrofit into commercial buildings, for energy reduction, asset monitoring & control, and actual time environmental, behavioural and energy insights.

 

PhotonStar is based in Romsey, Hampshire with a manufacturing facility in Wales. 

 

  

 

Overview

 

The Group has been concentrating upon the successful delivery of the HalcyonTM product orbit to customers for both one off projects and likewise for paid for trials.  The express purpose by both PhotonStar and its paid for tribulation customers is that such trials are expected to lead to material roll outs across numerous sites in many locations. They are, therefore, very pleased to be able to report that following a tribulation lasting three months the first of these facet 2 orders has now been received from a NHS hospital located in the North of England.  This order is the first of what is expected to become a roll out across the trusts hospital estate with an initial order value of £60,000.  They are in vigorous discussions with their other paid for tribulation customers about touching to facet 2 with them as well and so anticipate further great scale roll outs over the coming months. 

 

In order to achieve the delivery of successful trials followed by great scale roll outs across multiple sites they absorb re-organised the Group from one that has been more traditionally set up to deliver touchstone lighting solutions through touchstone lighting sales channels into one that delivers HalcyonTM directly to customers with sub-contractors in dwelling to carry out the drudgery and customer liaison and training being organised by PhotonStar.  They absorb achieved this by creating a minuscule team of directly employed key staff who drudgery with a network of sub-contractors.  This means that they are able to be highly flexible in terms of the technicians that are needed for a particular installation without incurring substantial fixed costs and overheads that would arrive with these highly trained people being directly employed.  The initial paid for trials that are now installed and are being monitored by ourselves and the material customer cover a wide cross section of industries and likewise a orbit of project sizes.  They anticipate that in future these trials will likewise act as reference sites for fresh customers so that they are able to run more quickly from the project design facet into plenary scale project delivery rather than having to install a tribulation project as an interim step.

 

PhotonStar remains heavily focused on further expanding its HalcyonTM product orbit and to utilize this orbit to transition itself into a Group that increasingly focuses on being a retrofit connected lighting and structure management business, which offers the potential to address a broad orbit of significant future industry opportunities and markets.

 

The Group's proprietary technology Halcyon™ is a scalable, secure wireless IoT platform for retrofit into commercial buildings, for energy reduction, asset monitoring & control, and actual time environmental, behavioural and energy insights. The skill of the system to collect and report actual time data has created significant interest from a wide orbit of industry sectors which regard this skill as a key partake of their future needs requirements. 

 

The Board is pleased with the on-going collaboration with IBM and anticipates that this will lead to some further project drudgery within IBM premises and likewise as a result of the even flood of introductions by IBM to a variety of potential customers where IBM absorb identified a customer requirement for cloudBMSTM.   This started at the beginning of the year with the test installation at IBM's Hursley House offices, then developed into a demonstration of the Halcyon™ smart wireless lighting system operating with the IBM Watson IoT Cloud platform to IBM® clients and partners at IBM's Global Watson IoT Headquarters in Munich, Germany and likewise attendance by PhotonStar at the IBM Interconnect Conference in February 2016, where PhotonStar previewed its cloudBMSTM, the fresh cloud based solution that delivers an IoT structure Management System as a Service (BMaaSTM). The fresh solution is built on the second generation of its low cost retrofittable wireless monitoring and control platform, halcyonPRO2TM. PhotonStar likewise demonstrated the automated shading solution feature of halcyonPRO2TM at the event. This solution taps into the IBM Watson IoT Platform, taking environmental and occupancy data from the HalcyonTM sensor network, geolocation information per play and actual time weather and forecast data from The Weather Company, an IBM Business, to optimise window umbra utilize to deliver maximum energy savings thus reducing HVAC costs by intelligently using or preventing solar heat gain and optimizing thermal, daylight and visual comfort for structure occupants.  PhotonStar demonstrated with IBM the retrofittable asset monitoring feature of halcyonPRO2TM and cloudBMSTM, providing device health and key asset performance indicator information seamlessly to IBMs Maximo asset management package.

 

The initial development of HalcyonTM is now largely complete with current and future development drudgery concentrating on improvements to HalcyonTM and the expansion of cloud services. 

 

We absorb likewise been working to ensure that their more traditional businesses are changed in order to reflect the ever increasing competitiveness of the markets that they operate in.  This has meant that during the epoch under review they absorb sever a significant amount of overheads out of the business.  The plenary monetary capitalize of this drudgery will be seen from October 2016 but they hope that the saving on overheads for the second half of 2016 will be approximately £0.25m and the plenary year saving next year will be approximately £0.5m.  Alongside the huge endeavor in reducing their cost base they absorb likewise re-organised the sales efforts of the businesses in order to ensure that they successfully generate revenue and at the very time to ensure that their obscene profit margins retrieve from the poverty-stricken levels that they absorb endured in the epoch under review.  They are starting to discern the impact of these efforts, with obscene margins in sum industry segments now increasing again from a low for the Group of approximately 24% in January 2016 to 40% in June 2016 alongside revenue growth.  There is no doubt that the traditional lighting markets absorb continued to be highly competitive with constant downward pressure on prices.  In addition the recent increased volatility of exchange rates has meant that their costs of imported goods absorb become harder to forecast.  They finish believe however that they are much better placed to generate positive results in terms of increased revenues, better obscene margins and a positive contribution to the EBITDA result in the second half of this year and into 2017.

 

On 25 February 2016 it was announced that the Group had conditionally raised obscene proceeds of £1.00m (before expenses) by way of a placing of 38,000,000 ordinary shares of 1p each and a subscription of 2,000,000 ordinary shares of 1p each at a expense of 2.5p per share. The funds raised absorb been used to complete the HalcyonTM development drudgery and to provide the capital required for on-going software and product expansion together with HalcyonTM channel and brand development.  The Board welcomes the fresh shareholders and thanks existing shareholders for their continued uphold to the Company.  The net funds raised will likewise be used to capitalise on the significant investment that has already been made into the Company and will, it is anticipated, transform PhotonStar into a retrofit connected lighting and structure management industry with hardware sales and a recurring revenue base. 

 

Business review

 

PhotonStar Technology Ltd -Halcyon IoT and LED light engines ("PST")

Focused on retrofitting existing buildings with lighting, environmental monitoring and cloud based structure management services

 

The Group was restructured during the epoch under review to create a fresh Halcyon IoT team to better deliver 'turnkey' IoT lighting and cloudBMSTM solutions and services to customers. The team became operational in April 2016 and since then has made solid progress in delivering projects and trials with customers which had a positive effect on revenues. This trend continued after the epoch finish with £0.1m of revenue being recorded in July 2016 lonely following the installation of a second major tribulation with a company that is liable for a great amount of student accommodation.  The HalcyonTMIoT team are now focused on ensuring that the installed trials are completed successfully in anticipation of a further roll out across the customers' entire property estate.

In January 2016, HalcyonTM was selected by the Royal Bank of Scotland Group plc ("RBS"), the international banking and monetary services company, to install Halcyon into one partake of Trinity House, the RBS commercial office structure in Bristol.  This tribulation has been funded by RBS as partake of its initiative to source innovative solutions to address a orbit of environmental challenges. They are pleased to be able to report that they absorb now successfully installed HalcyonTM and it is being monitored to assess its effectiveness to assist reduce the energy consumption and environmental impact of the office building. This tribulation installation is now being evaluated by RBS and ourselves in order to gain further insight into how the system operates and the information and cost savings that it delivers.

 

During the epoch under review they absorb likewise installed HalcyonTM into a number of other buildings in a variety of different industry sectors. They hope that they will undergo significant monetary and property usage benefits from the HalcyonTM system.  Many of the trials that they absorb now installed are partake of significant property portfolios. Management's expectation is that these trials will provide compelling information and confirmation of the benefits of installing the HalcyonTM system.  Due to the fact that HalcyonTM has been designed as a retrofit system the payback on installation costs for the customer are usually less than 12 months so management are confident that the results of the trials will assist convince the customer that a plenary scale roll out is both desirable and affordable.

 

The fresh halcyonPRO2TM is an extended version of the original HalcyonTM system and adds the regulation of heating and cooling, shading and power management to the proven lighting control and environmental sensor network already in utilize in the first HalcyonTM product. cloudBMSTM, halcyonPRO2TM and cloud based analytics combine to deliver an extremely capable, scalable and secure BMaaSTM solution at a expense point and low entry cost that enables owners of minuscule to medium sized businesses to reduce energy and operating costs and realise fresh insights into their operations.

 

The combination of the retrofittable hardware and sensor inputs, cloud analytics, visualisation and the connectivity options to asset management software will lower operating expenses for owners of multiple facilities by reducing manual compliance tests, manual monitoring and inspection of assets, and enable smart predictive and preventative maintenance.

 

In March 2016 the Company announced the concede of the first of its IoT patents on secure commissioning. The secure commissioning patent is a censorious ingredient of the HalcyonTM and halcyonPRO2TMwireless network technology. The out-of-band secure commissioning patent is targeted at IoT lighting, sensors, actuators and other devices employed particularly in commercial applications where security vulnerabilities at the commissioning stage must be safeguarded. The commissioning approach provides multiple novel options to securely unite wireless devices of different types to a network without the requisite to be in physical contact or in proximity of the device, while not compromising the network security keys. The protocol likewise benefits from its skill to commission devices at any time, even following installation, without the requisite for special commissioning time windows. This lends itself to commercial installation practices where phased installation and commissioning may pick place.

 

The Board anticipates that PST's revenue growth will be driven by a combination of hardware  sales and services in lighting, heating, cooling, ventilation and censorious asset monitoring. Management anticipate that as the systems are installed the service revenue component will strengthen the Group's obscene margin.

 

PhotonStar LED Ltd - LED fixtures business

LED lighting focused on the fresh build market

 

During the epoch under review LED Lighting Fixtures revenues fell by 21% to £1.59m (with EBITDA losses of £0.25m) compared to the first half of 2015 when revenues were £2.00m and which generated an EBITDA loss of £0.09m. The export specification industry came under significant pressure with revenues falling significantly due to economic conditions deteriorating in the Middle East.  In addition the unexpected enlarge in demand from house builders meant that they experienced stock shortages in house-builder and wholesale product lines so that they were unable to meet the plenary demand that they experienced and some of the fulfillment of this demand that they did fill was through the utilize of airfreight product and parts which impacted margins.  They resolved these issues during the second quarter so that revenues for that epoch improved.  The resolution of these issues and the reduced cost base moved the fixtures industry back into profitability on an EBITDA basis during June 2016 and they hope this trend to continue in the second half of the year.

The lighting market continues to transition towards LED lighting, with colour-tuneable and Circadian LED lighting becoming a significant subsector.  The market in Europe lonely is estimated to be worth up to €2.3bn per year by 2020 (Source: Lighting Europe 2013, 'Human Centric Lighting').  The company has installed a number of such projects in H1 2016 including:

·      Derriford Hospital, Glenborne wing (Phase 2); and

·      The Royal Mint visitor centre

House builder sales exceeded forecast in 2015 and H1 2016. The Group benefits from an exclusive condense with a leading UK house builder, initially announced in September 2012.  The company subsequently announced in June 2016 that its major house builder condense has been extended for another year.  Management are monitoring the housing sector closely with regards to the future demand for its lighting products as it remains unclear what effect, if any, the Brexit vote will absorb on the fresh build housing sector.

 

Camtronics Vale Ltd

External customer condense electronics manufacturing business

 

Camtronics Vale Limited, a subsidiary of the Company, undertakes censorious LED and electronic assembly operations for the Group's manufacture of its lighting fixtures. Camtronics Vale likewise contracts electronics manufacturing for some third party customers. condense manufacturing revenues were down 32% to £0.68m (H1 2015:£1.00m) with a loss of £0.05m (H1 2015: profit £0.10m). This company experienced a material plunge in revenue during the final quarter of 2015 and the first quarter of the epoch under review.  The plunge in revenue was due to a number of factors including a key customer deciding to source its product from overseas and a fresh customer placing a very great assembly order but then entering receivership.  They absorb reduced the cost base of this company and increased their sales endeavor so that the revenues are now growing again and they hope will be back to the historic levels that they absorb benefited from by the fourth quarter of the current year.  This growth in revenues and reduction in costs means that they hope that this company will Make a positive contribution to the Group's revenues in the second half of 2016.

 

Financial review

The Group is making suited progress in transitioning from its traditional LED product markets into becoming a retrofit connected lighting and structure management business. Meanwhile, focus continues on maximizing its traditional revenues and maintaining its margins, and investing in the enhancement of its Halcyon product orbit and its structure management services.

The Group's half year revenues decreased by 22% to £2.53m (H1 2015: £3.26m) with a obscene profit margin of 33% (H1 2015: 37%).

Administrative expenses decreased by a further £0.07m to £1.76m (H1 2015: £1.83m), due to downsizing in 2014, 2015 and 2016, and continuing tight control on costs (whilst maintaining the substantial investment in R&D and product development).

Adjusted EBITDA (adjusted for partake based payments) loss was £0.54m (H1 2015: loss £0.20m).

The Group reported a pre-tax loss of £0.91m (H1 2015: loss £0.59m) and loss per partake for the half year was 0.4p (H1 2015: loss per partake 0.4p). The Group's unused aggregate tax losses are approximately £9m.

Group net borrowings debt at 30 June 2016 was £0.68m (H1 2015: £0.67m).

Group capital expenditure was £0.59m (H1 2015: £0.49m), related to the purchase of the latest materiel for condense manufacturing, and to the continuing investment in product development and the patent portfolio, in particular the development of the HalcyonTMlighting systems.

 

Current Trading and Outlook

 

The Group enters the second half of 2016 as a much leaner industry and with a significantly reduced cost base.  They anticipate that the final cost savings capitalize from the drudgery already undertaken will be reflected in the accounts from October 2016.  The research and development drudgery that they absorb undertaken over the eventual three years for the creation of HalcyonTM and halcyonPRO2TM is now largely complete with current and future development drudgery concentrating on improvements, fresh solutions and markets for HalcyonTM rather than the creation of the system itself. 

 

Trading continues to be difficult in the traditional LED and condense assembly businesses, with competitive expense pressure remaining.  However, further revenue improvement in sum industry units is being seen in the current epoch of Q3 2016 which, together with the cost savings already in place, means that although trading is currently below market expectations when considering the results for the first half of 2016 on an annualised basis, they hope that the second half of 2016 will provide a positive contribution to the results for the plenary year.

 

The Group has targeted HalcyonTMsales and marketing efforts into the retrofit market and they continue to discern suited growth in this market.  This combined with the fact that their development drudgery for this industry leading product is now complete means that the Board views the future with increased optimism.

 

 

 

 

Consolidated Statement of Comprehensive Income

For the six months ended 30 June 2016

 

 

6 Months

6 Months

Year

Ended

Ended

Ended

30 June

30 June

31 December

2016

2015

2015

Unaudited

Unaudited

Audited

Notes

£'000

£'000

£'000

Revenue

2

2,532

3,256

6,901

Cost of Sales

(1,696)

(2,056)

(4,416)

Gross Profit

836

1,200

2,485

Administrative Expenses

(1,762)

(1,834)

(3,567)

Other Income

35

46

74

Operating Loss before exceptional item

(891)

(588)

(1,008)

Exceptional item

2

-

-

(1,983)

Operating loss after exceptional item

2

(891)

(588)

(2,991)

Financial Expense

(23)

(14)

(34)

Loss Before Income Tax

(914)

(602)

(3,025)

Taxation Credit

3

130

136

258

 

Loss and total comprehensive income for the epoch attributable to the Equity Shareholders of the Parent

 

 

 

(784)

 

 

 

(466)

 

 

 

(2,767)

Loss per share

Basic and diluted

4

(0.4)p

(0.4)p

(1.9)p

 

 

Consolidated Statement of monetary Position

as at 30 June 2016

 

30 June

30 June

31 December

2016

2015

2015

Unaudited

Unaudited

Audited

£'000

£'000

£'000

Non-Current Assets

Property, Plant & Equipment

435

296

214

Intangible Assets

1,848

3,623

1,811

Total Non-Current Assets

2,283

3,919

2,025

Current Assets

Inventories

956

1,244

874

Trade & Other Receivables

1,139

1,610

1,637

Current Tax Assets

311

302

360

Cash & Cash Equivalents

247

158

197

Total Current Assets

2,653

3,314

3,068

Total Assets

4,936

7,233

5,093

Equity

Ordinary partake Capital

1,877

1,438

1,477

Share premium

7,773

7,188

7,271

Share capital reduction reserve

10,081

10,081

10,081

Share option reserve

617

626

599

Reverse acquisition reserve

(8,843)

(8,843)

(8,843)

Profit and Loss

(8,964)

(5,879)

   (8,180)

Equity

2,541

4,611

2,405

Liabilities

Current Liabilities

Trade & Other Payables

1,416  

1,758  

1,595

Borrowings

930

825

1,042

Provisions

34

24

36

Total Current Liabilities

2,380

2,607

2,673

Non-Current Liabilities

Deferred Tax Liabilities

15

15

15

Total Liabilities

2,395

2,622

2,688

Total Equity and Liabilities

4,936

7,233

5,093

 

 

 

Consolidated Statement of Cash Flows

For the six months ended 30 June 2016

 

6 Months

6 Months

Year

 

Ended

Ended

Ended

 

30 June

30 June

31 December

 

2016

2015

2015

 

Unaudited

Unaudited

Audited

 

£'000

£'000

   £'000

Cash Flows from Operating Activities

 

Operating Loss

(891)

(588)

(3,025)

 

 

Exceptional particular - impairment

-

-

1,983

 

Depreciation

49

69

133

 

Amortisation

278

290

584

 

Share Option Charge

18

30

3

 

Movement in Provisions

(2)

(7)

5

 

Grant Income

(35)

(26)

(74)

 

Receipt of grants

25

-

41

 

Change in Inventories

(82)

(60)

185

 

Change in Trade & Other Receivables

498

(36)

(63)

 

Change in Trade & Other Payables

(169)

(249)

(406)

 

Cash Generated from/(Used in) Operations

(311)

(577)

(634)

 

Interest Paid

(23)

(14)

-

 

Tax Received

179

-

64

 

Net Cash Generated from/(Used in) Operating Activities

(155)

(591)

(570)

 

 

Cash Flows From Investing Activities

 

Proceeds on disposal of Plant, Property & Equipment

-

1

             -

 

Purchase of Property, Plant and Equipment

(270)

(27)

(51)

 

Purchase of Intangible Assets

(315)

(461)

(758)

 

Net Cash Used in Investing Activities

(585)

(487)

(809)

 

 

Cash Flows from Financing Activities

 

Proceeds from the issue of ordinary shares

                      902  

            -

122

 

New bank facilities

-

-

872

 

Repayment of previous bank facilities

-

-

(872)

 

Increase/(Decrease) in borrowings

(112)

99

317

 

Net Cash (Used in)/Generated from Financing Activities

790

99

439

 

 

Net (Decrease)/Increase in Cash and Cash Equivalents

50

(979)

(940)

 

Cash and Cash Equivalents at the Start of the Period

197

1,137

1,137

 

Cash and Cash Equivalents at the finish of the Period

247

158

197

 

 

 

 

Consolidated Statement of Changes in Equity

For the six months ended 30 June 2016 (unaudited)

                                                                                                                  

Ordinary

Share

capital

     Share

Reverse

 

Share

Share

reduction

Option

Acquisition

Retained

Capital

Premium

 

reserve

Reserve

Reserve

Losses

Total

£'000

£'000

£'000

£'000

£'000

£'000

£'000

At 1 January 2016

1,477

7,271

 

10,081

599

(8,843)

(8,180)

2,405

Issue of fresh Shares

 400

502

-

-

-

-

902

Share Option Charge

-

-

-

18

-

-

18

Comprehensive Loss for the Period

-

-

-

-

-

(784)

(784)

At 30 June 2016

1,877

7,773

 

10,081

617

(8,843)

(8,964)

2,541

 

 

 

For the six months ended 30 June 2015 (unaudited)

Ordinary

Share

capital

Share

Reverse

Share

Share

reduction

Option

Acquisition

Retained

 

Capital

Premium

 

Reserve

Reserve

Reserve

Losses

Total

 

£'000

£'000

£'000

£'000

£'000

£'000

£'000

 

At 1 January 2015

1,438

7,188

10,081

596

(8,843)

(5,413)

5,047

 

Share Option Charge

-

-

-

30

-

-

30

 

Comprehensive Loss for the Period

-

-

-

-

-

(466)

(466)

 

At 30 June 2015

1,438

7,188

 

10,081

626

(8,843)

(5,879)

4,611

 

 

 

 

 

 

For the year ended 31 December 2015 (audited)

Ordinary

   partake capital

Share

Reverse

Share

Share

reduction

Option

Acquisition

Retained

 

Capital

Premium

Reserve

Reserve

Reserve

Losses

Total

 

£'000

£'000

£'000

£'000

£'000

£'000

£'000

 

Balance at 1st January 2015

1,438

7,188

10,081

596

(8,843)

(5,413)

5,047

 

Issue of fresh shares

    39

83

-

-

-

-

122

 

Share Option Charge

 -

-

-

3

-

-

3

 

Comprehensive Loss for the Period

       -

-

-

-

-

(2,767)

(2,767)

 

At 31 December 2015

1,477

7,271

 

10,081

599

(8,843)

(8,180)

2,405

 

 

 

 

Notes to the monetary statements

For the six months ended 30 June 2016 (unaudited)

 

1. Basis of preparation

 

These interim monetary statements absorb been prepared in accordance with IAS 34 - Interim monetary Reporting using the recognition and measurement principles of International Accounting Standards, International monetary Reporting Standards and Interpretations adopted for utilize in the European Union (collectively "Adopted IFRS").

 

The principal accounting policies used in preparing these interim monetary statements are those expected to apply to the Group's Consolidated monetary Statements for the year ending 31 December 2016 and are unchanged from those disclosed in the Group's Annual Report for the year ended 31 December 2015.

 

The monetary information for the six months ended 30 June 2016 and 30 June 2015 is unaudited and does not constitute statutory monetary statements for those periods.

 

The comparative monetary information for the year ended 31 December 2015 is not statutory accounts within the acceptation of s434 of the Companies Act 2006 but has been derived from the audited statutory monetary statements for that year. The statutory accounts for the year ended 31 December 2015 absorb been reported on by the Company's auditor, delivered to the Registrar of Companies and absorb been sent to the shareholders.

 

The Auditor's persuasion on the Group's statutory monetary statements for the year ended 31 December 2015 included the following:

 

"Opinion on monetary statements

 

In their opinion:

 

·    the monetary statements give a staunch and objective view of the status of the Group's and the Parent Company's affairs as at 31 December 2015 and of the Group's loss for the year then ended;

·    the Group monetary statements absorb been properly prepared in accordance with IFRSs as adopted by the European Union;

·    the Parent Company monetary statements absorb been properly prepared in accordance with IFRSs as adopted by the European Union and as applied in accordance with the provisions of the Companies Act 2006; and

·    the monetary statements absorb been prepared in accordance with the requirements of the Companies Act 2006.

 

Emphasis of matter - going concern

 

In forming their persuasion on the monetary statements, which is not modified, they absorb considered the adequacy of the disclosure made in note 2.2 to the monetary statements concerning the directors' assessment of the skill of the Company and the Group to continue as going concerns. The skill of the Company and the Group to continue as going concerns is dependent on the Group achieving the sales and profits growth projected by the directors in their current forecasts. The Directors are confident of being able to meet these forecasts, however, there can be no guarantee that these will be met within the necessary timeframe. These conditions bespeak the actuality of material uncertainty which may cast significant doubt about the skill of the Company and the Group to continue as going concerns. The monetary statements finish not involve the adjustments that would result if the Group and the Company was unable to continue as going concerns."

 

The directors' disclosures made in note 2.2 to the monetary statements remain telling and are reproduced in plenary below:

 

"The directors absorb adopted the going concern basis in preparing the monetary statements for the year to 31 December 2015. In reaching this conclusion, the directors absorb considered for both the Company and the Group, current trading and the current and projected funding position for the epoch of just over 12 months from the date of approval of the monetary statements through to 31 May 2017.

 

 

 

 

Current Funding

 

The Group's cash equilibrium at 31 December 2015 was £197,000 and the drawdown of borrowings was £1,041,000 against bank facilities of £1,650,000. Since then the Group has continued to execute its industry map by:

 

·    investing in the continuing growth of its Lighting fixtures industry and the development of fresh product ranges,

·    continued further investment in expanding its Halcyon range, and

·    continued transition of the Group into a retrofit connected lighting and structure management industry through its HalcyonTM and cloudBMSTM platforms.

 

Projected Funding

 

Subject to the continued growth in HalcyonTM sales, the cash flood projections explicate that the Group can continue to operate for a epoch of 12 months from the date the monetary statements were signed.

 

The achievement of these projections is topic to uncertainties described below.

 

The projections involve assumptions on the amount and timing of revenue and obscene margin that the Group expects to achieve during the epoch of the projections. These assumptions are topic to both market and other uncertainties, as discussed in the Chief Executive Officer's Statement and the Strategic Report.

 

The Group has incurred a net loss of £2,767,000 in the year (2014: £1,332,000) and has been loss making since incorporation. The projections reflect the directors' expectation that the Group will be monthly adjusted EBITDA positive in 2016. To the extent there is a shortfall in revenue and/or obscene margin, it is likely to be at least partially offset by a reduction in working capital requirements. Nevertheless, the skill of the Company and the Group to continue as going concerns is dependent on the skill of the Group to achieve the growth in sales of its products projected by the directors in their current forecasts. Growth needs to be adequate for the Company and the Group to be able to operate within their cash resource and borrowing facilities.

 

Conclusion

 

It is acknowledged that the achievement of these projections is topic to market and other uncertainties as outlined above and consequently there is a material uncertainty which may cast significant doubt about the Group's and Company's skill to continue as a going concerns. Nevertheless, after taking account of the Group's current funding position, its cash flood projections and the risks and uncertainties associated with these, the directors absorb a reasonable expectation that the Group and Company absorb access to adequate resources to continue in operational actuality for the foreseeable future. For these reasons they continue to prepare the monetary statements on a going concern basis. These monetary statements finish not involve any adjustments that would result from the going-concern basis of preparation being inappropriate.''

 

2.  Segmental Information

 

The Group's reportable segments are currently LED Light Fixtures, Halcyon and LED Light Engines and condense Manufacturing. Prior epoch results absorb been restated to reflect the revised management reporting responsibilities from the beginning of 2016.

 

Six Months Ended 30 June 2016 (unaudited)

LED Lighting

Halcyon & Light

 

Contract

Total

 

Fixtures

Engines

Manufacturing

 

£'000

£'000

£'000

£'000

 

Revenue;

 

UK

1,495

263

               600

2,358

Rest of World

97

-

                77

174

Total Revenue

1,592

263

               677

2,532

Adjusted EBITDA for reportable segments

(252)

(95)

              (49)

(396)

Depreciation and Amortisation

(129)

(173)

              (25)

(327)

Interest Expense

(8)

-

              (15)

(23)

Taxation Credit

35

95

-

130

Total Assets

1,736

1,891

                 802

4,429

Total Liabilities

684

277

           408

    1,369

 

Six Months Ended 30 June 2015 (unaudited, restated)

LED

Light

Halcyon & Light

 

Contract

Total

 

Fixtures

Engines

Manufacturing

 

£'000

£'000

£'000

£'000

 

Revenue

 

UK

1,586

247

822

2,655

 

Rest of World

419

-

182

601

 

Total Revenue

2,005

247

1,004

3,256

 

Adjusted EBITDA for reportable segments

(86)

(63)

99

(50)

 

Depreciation and Amortisation

(162)

(176)

(21)

(359)

 

Interest Expense

(8)

-

(6)

(14)

 

Taxation Credit

42

94

-

136

 

 

Total Assets

2,149

1,845

880

4,874

 

Total Liabilities

733

242

522

1,497

 

 

 

Year Ended 31 December 2015 (audited, restated)

LED Light

Halcyon & Light

 

Contract

Total

Fixtures

Engines

Manufacturing

£'000

£'000

£'000

£'000

Revenue;

UK

3,648

503

1,699

5,850

Rest of World

387

-

664

1,051

Total Revenue

4,035

503

2,363

6,901

Adjusted EBITDA for reportable segments

(55)

(284)

273

(66)

Depreciation and Amortisation

(292)

(384)

(41)

(717)

Interest Expense

(19)

-

(15)

(34)

Taxation Credit

59

199

-

258

 

Total Assets

1,964

1,891

 

808

4,663  

Total Liabilities

676

348

511

1,535

 

Adjusted EBITDA for reportable segments is defined as EBITDA before partake Option impregnate and Corporate Expense allocation.

 

Reconciliation of Adjusted EBITDA to Loss Before Tax

6 Months

6 Months

Year

ended

Ended

Ended

30 June

30 June

31 December

2016

2015

2015

Unaudited

Unaudited

Audited

£'000

£'000

£'000

Adjusted EBITDA for Reportable Segments

(396)

(50)

(66)

Corporate Expense

(150)

(149)

(170)

Adjusted EBITDA

(546)

(199)

(236)

Share Option Charge

(18)

(30)

(55)

Depreciation and Amortisation

(327)

(359)

(717)

Interest Expense

(23)

(14)

(34)

Exceptional Item*

-

-

(1,983)

Loss before Tax

(914)

(602)

(3,025)

* The exceptional particular related to a non-cash impairment provision arising from the Group's change in strategic direction transitioning towards a Group increasingly focused on being a retrofit connected lighting and structure management business. The impairment impregnate was made against non-strategic areas of the Group, mainly the remaining goodwill on the equilibrium Sheet from the invert transaction with Enfis in 2010.

 

 

 

Reconciliation of Reportable Segment Assets to Total Assets

30 June

30 June

31 December

2016

2015

2015

Unaudited

Unaudited

Audited

£'000

£'000

£'000

Segment Assets for Reportable Segments

4,429

4,874

4,663

Unallocated:

Cash at Bank

247

158

197

Impaired Assets*

-

1,983

-

Other

260

218

233

Total Assets per the Statement of monetary Position

4,936

7,233

5,093

Reconciliation of Reportable Segment Liabilities to Total Liabilities

30 June

30 June

31 December

2016

2015

2015

Unaudited

Unaudited

Audited

£'000

£'000

£'000

Segment Liabilities for Reportable Segments

1,369

1,497

1,535

Unallocated:

Borrowings

930

825

                 1,042

Other

96

300

111

Total Liabilities per the Statement of monetary Position

2,395

2,622

2,688

 

 

3. Income Tax Credit

 

The income tax credit of £130,000 for the six months ended 30 June 2016, (6 months ended 30 June 2015: £136,000; year ended 31 December 2015: £258,000) represents estimated research and development tax credit receivable for that period. Excluding these matters, the efficient tax rate for the Group for the year ended 31 December 2016 is expected to be zero, reflecting the availability of estimated brought forward tax losses at 31 December 2015 of about £9m.

 

 

4. Earnings per share

 

6 months

6 months

Year

ended

ended

ended

30 June

30 June

31 December

2016

2015

2015

Loss attributable to ordinary shareholders

£(784,000)

£(466,000)

£(2,767,000)

Weighted indifferent number of ordinary shares

184,042,465

124,868,624

144,042,465

Basic and diluted loss per share

(0.4p)

(0.4p)

(1.9p)

 

Diluted earnings per partake is calculated by dividing the profit attributable to ordinary shareholders by the weighted indifferent number of ordinary shares outstanding after adjusting these amounts for the effects of dilutive potential ordinary shares.

 

As the results for the six months ended 30 June 2016 and 30 June 2015 and for the year ended 31 December 2015 are losses, any exercise of partake options would absorb an anti-dilutive effect on earnings per share. Consequently earnings per partake and diluted earnings per partake are the very as potentially dilutive partake options absorb been excluded from the calculation.

 

5. Copies of Interim Report

 

Copies of this interim report are available upon request to members of the public from the Company's registered office, Unit 8 Westlink, Belbins industry Park, Cupernham Lane, Romsey, Hampshire SO51 7JF. This interim report can likewise be viewed on the Group's website: www.photonstarled.com.



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