The financial information reported in this release is presented in Euros and has been prepared in accordance with the recognition and measurement criteria of IFRS as adopted by the European Union. The accounting policies and methods of computation followed in the attached financial statements are the same as those followed in the most recent annual financial statements. FINANCIAL HIGHLIGHTS OF THE FIRST HALF FISCAL YEAR 2. Total revenues for the first half year of 2. EUR 3,9 million compared with EUR 2,6 million realized in the first half of 2. This increase was mainly the result of Public Lighting sales (EUR 1,9 Mio) resulting from the acquisition of Innolumis Public Lighting BV and Lemnis Public Lighting BV in January 2. IOT related revenues decreased from EUR 1,3 million to EUR 0,8 million. This decrease is temporary and was the result of a change in strategy by the new management of the company which is expected to result in increased IOT sales in the second half of 2. Gross margin for the first half year of 2. Thanks to the continuous cost reductions, the operating expenditure decreased with 1,1 Million EUR. As the Opex includes EUR 7. Public Lighting business, the actual Opex savings amount to EUR 1,9 million.- Financial costs increased, mainly as a result of interests due on the bridge loans which were issued in the first half of 2. The first half of 2. EBIT amounted to EUR - 3,2 million compared to EUR - 5,0 million during the corresponding period 2. The newly acquired Public Lighting Business made a small net profit of EUR 1. The cash position decreased from EUR 4,1 million at the end of 2. EUR 0,4 million at the end of June 2. During the first half of 2. EUR.- During the first half of 2. Jan Callewaert, Option’s Executive Chairman,commented on the results: “Since the Board entrusted me with the Management of the Company following the departure of the CEO, I have focused on redirecting the Cloud. Gate go- to- market from an indirect sales to a direct sales model. Directly understanding the needs from end customers looking for Io. T solutions enabled by the complete Cloud. Gate solution is proving successful. We are experiencing a business shift where we see the majority of sales coming from direct relationships with industrial corporations and manufacturers. I am happy to announce that the Company won business in the field of water pump monitoring, advanced energy monitoring, water consumption measurement in apartment buildings, frozen pipes monitoring in public buildings and connected stores. Option’s daughter Innolumis, operating in the LED public lighting business, since its acquisition, is already at a break- even level and is showing promising opportunities in expanding its sales in Europe and beyond. However, this trend is changing as after a change in management the focus shifted towards a direct sales model and the Company has now sufficient signed sales orders to be confident to realize increased sales in the second half of the year. Throughout the first half of 2. Company continued to embark on commercializing end- to- end solutions in different business segments. Smart Lighting Solutions: through the acquisition of Inno. Lumis, the Company has a Smart Lighting Solution, generating a vivid interest from numerous cities and municipalities; Cloud. Gate customized solutions: strategic partnerships were signed during the first half of 2. The ISM43340-M4G-EVB-E is an embedded wireless evaluation board that is used to evaluate the 802.11 b/g/n eS-Wi-fi and Bluetooth 4.0 embedded module. 01/2014: Windows Embedded Compact 2013, Windows Embedded Compact 7.0 Other: PCIe Root Complex Driver for Altera Cyclone V SOC: pcibus.dll. TI is a global semiconductor design & manufacturing company. Innovate with 80,000+ analog ICs & embedded processors, software & largest sales/support staff. Cloud. Gate sales. Connected Car Solutions: through the strategic partnership with Danlaw Inc., the Company, has a complete Connected Car Solution targeted towards insurance companies and fleet managers; On the financial level, the Company has limited means, but will continue its efforts to search and find funding and restructure its balance sheet in order to facilitate its commercial projects and activities. Corporate. On January 2. Option announced the acquisition of the shares of the Dutch LED lighting companies Lemnis Public Lighting BV and Innolumis Public Lighting BV and merges the two companies into a single commercial organization under the name Innolumis Public Lighting. On January 2. 6, 2. Introduction ArduCAM series camera shield is a universal camera control board for Arduino. It hides the complex nature of the camera and provides the plug and play. Extraordinary Shareholder’s Meeting of the Company decided to renew the authorized capital of the Company for a total amount of four million eight hundred forty four thousand eight hundred two euro and seventy cent (EUR 4,8. Belgian Code of Companies as well as by conversion of reserves and issue premiums, with or without the issue of new shares, with or without voting right, or trough the issue of convertible bonds, subordinated or not, or through the issue of warrants or of bonds to which warrants or other movables are linked, or of other securities, such as shares in the framework of a Stock Option Plan. Furthermore, the extraordinary Shareholder’s Meeting of the Company decided, to grant the board of directors special authority, in the event of a public takeover bid for securities issued by the Company during a period of three (3) years, running from the Extraordinary Shareholders’ Meeting which has resolved on this authorization, to proceed with capital increases under the conditions foreseen by the Belgian Code of Companies. The extraordinary Shareholder’s Meeting of the Company decided to authorize the board of directors, in the interest of the company, within the limits and in accordance with the conditions imposed by the Belgian Code of Companies, to limit or suspend the preferential rights of the shareholders, when a capital increase occurs within the limits of the authorized capital. This limitation or suspension may likewise occur for the benefit of one or more specified persons. Furthermore, the Extraordinary Shareholder’s Meeting of the Company decided to grant 1. Danlaw Inc. The Board has decided to entrust its Executive Chairman, Mr. Jan Callewaert, with the daily management of the Company. On May 1. 2, 2. 01. The decisions to terminate the mandates of FDVV CONSULT BVBA, represented by Mr. Frank Deschuytere, and JINVEST BVBA, represented by Jurgen Ingels, as directors of the Company, were accepted and approved by the Shareholder’s Meeting of May 3. On June 3, 2. 01. Board decided to co- opt VERMEC NV, represented by Peter Cauwels as new independent non- executive director of the Board for a period of 4 years as from July 1st, 2. As of June 3. 0, 2. Board was composed of five members, namely: (1) Mr. Jan Callewaert, executive Chairman, (2) Raju Dandu, non- executive director, (3) FVDH Beheer BVBA, represented by Mr. Francis Vanderhoydonck (permanent representative), non- executive independent director, (4) Qunova BVBA, represented by Mr. Jan Vorstermans (permanent representative), non- executive independent director, and (5) Sabine Everaet, non- executive independent director. Going concern Given the continued cash drain during the first half of 2. Board continues to work on project and financial funding, and further cost alignment. On the day of the publication of this report, the Company has very limited financial means. However, the most recent sales forecasts, based on concrete signed orders, indicate a growth compared to actual realized revenues in the first half of the year. On that basis, there is sufficient confidence that the required additional funding will be found. Thus, The company is taking initiatives to strengthen the group’s financial position in the short- term, in addition to the financial commitments until the end of October 2. The Company continues the negotiations on the balance sheet restructuring as also the search for new investors at the level of the group or its subsidiaries. The Company is working on a long- term solution. The Company will further report to the market by the end of September and thereafter on an ongoing basis. Therefore the Board has decided to prepare the interim accounts under the going concern principle. Introducing the New Broadcom Limited Website. Broadcom and Avago are one company. Now the websites are integrated, too. Find all the product information you need. Fingerprint Readers, fingerprint reader, Time Access and Automotive, Clocking Machines, Tas, fingerprint, finger print, time keeping, biometric, fingerprint reader. Here we will do the workwe have to change some of the default options in this page. I configured my WiFi module with following options. You have to try the same. Aradial Hotspot Wifi Billing Software Server for Wireless LAN Access using Hotspot, WISP, WLAN, Wi-Fi, Hotzone, Wifi Software and integration with Billing software. Wi-Fi or WiFi is a technology for wireless local area networking with devices based on the IEEE 802.11 standards. Wi-Fi is a trademark of the Wi-Fi Alliance, which. For the entire press release, including tables, click on the link below. Option reports First Half Year 2. For the entire interim report, click on the link below. Interim Financial Report June 3. Leuven, Belgi. De resultaten zijn uitgedrukt in euro en werden opgesteld in overeenstemming met de opname- en waarderingsgrondslagen van IFRS zoals aanvaard binnen de Europese Unie. De boekhoudprincipes en waarderingsregels die in de onderstaande financi. Deze stijging was voornamelijk het gevolg van Public Lighting verkopen (1,9 Mio EUR) die volgen uit de overname van Innolumis Public Lighting BV and Lemnis Public Lighting BV in januari 2. IOT verkopen daalden van 1,3 naar 0,8 miljoen EUR. De daling is van tijdelijke aard en volgt uit een strategiewijziging van het nieuwe management welke verwacht wordt te leiden tot stijgende IOT verkopen in de tweede jaarhelft van 2. De brutowinstmarge van het eerste halfjaar van 2. Dankzij de voortdurende besparingen daalden de operationele kosten met 1,1 miljoen EUR. Aangezien de Opex voor de nieuwe het Public Lighting segment 7. EUR bedraagt, is de werkelijke Opex besparing 1,9 miljoen EUR.- De financi. Het nettoresultaat kwam uit op - 4,5 miljoen EURO vergeleken met - 6,0 miljoen EURO op 3. Het nieuwe Public Lighting segment toonde een klein positief nettoresultaat van 1. EUR.- De cashpositie daalde van 4,1 miljoen EURO op jaareinde 2. EURO op het einde van juni 2. Tijdens het eerste halfjaar van 2. Mio EURO.- Tijdens het eerste halfjaar van 2. Contacten met de eindgebruikers die Io. T oplossingen nodig hebben en dus direct van hen horen wat hun noden zijn blijkt succesvol te zijn. We zitten nu in een verschuiving van het business model waarbij het merendeel van de verkoop komt van directe contacten met industri. Ik ben verheugd te kunnen melden dat het bedrijf contracten gesloten heeft voor diverse oplossingen: het monitoren van waterpompen, energie monitoring, het meten van het waterverbruik in appartementen en voor het monitoren van bevroren leidingen in publieke gebouwen en geconecteerde winkels.
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