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China Recycling Energy Corp: Full Year 2013 Net Income Increases by 359%

XI'AN, China, March 24, 2014 /PRNewswire-FirstCall/ -- China Recycling Energy Corp. (NASDAQ: CREG; "CREG" or "the Company"), a leading industrial waste-to-energy solution provider in China, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2013.

Highlights for the Fouth Quarter 2013

  • Total sales increased $12.98 million as compared to the fourth quarter of 2012.
  • Net income increased by 169% to $4.21 million as compare to $1.57 million of fourth quarter of 2012.
  • Fully diluted earnings per share ("EPS") of $0.07 increased by $0.04 as compared to $0.03 of fourth quearter of 2012.
  • Completion and sale of Jilin waste heat power generation project.

Highlights for the Full Year 2013

  • Total sales increased $61.95 million, as compared to $1.25 million for the year ended December 31, 2012.
  • Net income increased by 359% to $15.63 million as compared to $3.41 million for the year ended December 31, 2012.
  • Fully diluted earnings per share ("EPS") of $0.29 increased by 314 % from fully diluted EPS of $0.07 in the year ended December 31, 2012.
  • New completed systems:two biomass power generation systems, two BPRT systems and one waste heat power generation system.

Summary of Financial Results:

(In '000s of U.S. Dollars, except for per share data)

FULL YEAR ENDED
DEC 31

THREE MONTHS
ENDED DEC 31


2013

2012

2013

2012

Total Sales (1) + (2)

63,193

1,246

13,201

219

(1) System Sales

62,013

-

12,921

-

(2) Contingent Rental Income

1,180

1,246

280

219

Gross Profit

15,346

1,246

3,236

294

Interest income on sales-type leases

19,345

18,234

5,587

4,119

Total Operating Income

34,691

19,480

8,823

4,413

Net Income

15,630

3,407

4,205

1,566

Basic EPS

0.29

0.07

0.07

0.03

Diluted EPS

0.29

0.07

0.07

0.03

Mr. Guohua Ku, Chairman and CEO of CREG, commented, "Our full year 2013 financial results showed a large increase in net income; we have five new systems completed this year. All our projects operated well and generated constant cash flow. During this year we further strengthened our operations and increased operational efficiencies, while maintaining our fiscal discipline and cost controls. Currently, we have fifteen operating systems and a series of potential projects which will bring our company great growth in the future."

Positioned for Growth:

"During the year, we made great effort in positioning the Company for growth," said Mr. Ku. "Most notably, we expanded our waste-to-energy project portfolio with the acquaition of Pucheng phase II, a biomass power generation system. Xi'an TCH, our wholly owned subsidiary, entered into a Letter of Intent for Technical Transformation with Pucheng for technical transformation to enlarge the capacity of the Pucheng Project Phase I, which will expand our existing 12 MW system to 24 MW. We completed our Shenqiu phase II biomass power generation project. In June 2013, we had the two 3MW BPRT power generation systems of Datong project completed. We also had the Jilin project completed at the end of 2013, which was to build furnace gas waste heat power generation systems for electricity generation from recycled heat and steam from groups of ferroalloy furnaces and electric furnaces.

"We currently have 15 waste-to-energy systems in operation and 4 projects under construction," Mr. Ku added, "As more projects are completed, the trend of increasing interest income from sales type leases will continue to grow."

Projects in the Development Phase:  

In 2013 we have built a energy fund with Hongyuan Huifu Venture Capital Co. Ltd to finance our Coke Dry Quenching projects (CDQ project). We now have two CDQ projects under construction with a total capacity of 75 MW. We expect to complete these two projects in 2015.

In addition, the Company is also in the process of constructing for Shanxi Datong Coal. In June 2013, the two 3 MW BPRT power generation systems were completed. And the remaining one, 15MW WGPG, will be completed this year. Revenue on these systems will be recognized at the point of system delivery and monthly lease payments, based on off-take agreements with the customers, begin thereafter.

Looking ahead, we are very confident that we will continue to grow in 2014 and beyond. We look forward to updating you as more projects are finalized.

Financial Results for Full Year Ended December 31, 2013

SALES. Total sales, including system sales and contingent rental income, for the year ended December 31, 2013 were $63.19 million while total sales for the year ended December 31, 2012 were $1.25 million, an increase of $61.94 million as a result of increases in the sales of systems. Of the total sales, sales of systems for the year ended December 31, 2013 were $62.01 million, as compared to $0 for the year ended December 31, 2012, an increase of $62.01 million. For the year ended December 31, 2013, Shenqiu Phase II project, Datong project, Pucheng Biomass Phase II project and Jitie project were completed and sold. In comparison, in the year ended December 31, 2012, none of the Company's power generation system were completed and sold. For the year ended December 31, 2013, the Company received contingent rental income of $1.18 million from the usage of electricity in addition to the minimum lease payments, compared to $1.25 million for the year ended December 31, 2012. For the sales-type lease, sales and cost of sales ("COS") are recorded at the time of the lease; in addition to sales revenue, our other major source of revenue is interest income from the sales-type leases.

COST OF SALES. COS for the year ended December 31, 2013 was $47.85 million while our COS for the year ended December 31, 2012 was $0, an increase of $47.85 million. This increase was mainly due to the completion and sale of the Shenqiu Phase II, Datong project, Pucheng Biomass Phase II project and Jitie project.

GROSS PROFIT. Gross profit was $15.35 million for the year ended December 31, 2013 compared to $1.25 million for the year ended December 31, 2012, a blended gross margin of 24% and 100% for the year ended December 31, 2013 and 2012, respectively, the decreased profit margin for the year ended December 31, 2013 was mainly due to the sale of projects for which profit margin range between 23% to  28% compared to no sale of any projects in 2012 except for sale of extra electricity which result in contingent rentals and hardly bears any cost.

INTEREST INCOME ON SALES TYPE LEASES. Interest income on sales-type leases for the year ended December 31, 2013 was $19.34 million, a $1.11 million increase from $18.23 million for the year ended December 31, 2012. During the year ended December 31,  2013, interest income was derived from 15 systems: TRT system to Zhangzhi with terms of 13 years; CHPG systems to Jing Yang Shengwei for 5 years, BMPG systems to Pucheng Phase I and II for 15 and 10 years respectively, BMPG systems to Shenqiu Phase I for 11 years and Shenqiu Phase II for 9.5 years, a power and steam generating system from waste heat from metal refining to Erdos (five projects) for 20 years, WHPG system of Zhongbao for 9 years, WHPG systems of Jitie for 24 years, and Datong two TRT systems for 30 years.. In comparison, during the year ended December 31,  2012, interest income was derived from 11 systems: one TRT systems, two CHPG systems, two systems with Erdos Phase I project and three systems of Erdos Phase II project, the Pucheng biomass power generation system, Shenqiu biomass power generation system and Zhongbao WHPG system.

OPERATING EXPENSES. Operating expenses consisted of selling, general and administrative expenses totaling $4.16 million for the year ended December 31, 2013 as compared to $5.66 million for the year ended December 31, 2012, a decrease of $1.50 million or 27%. The decrease was mainly due to a $2.97 million loss resulting from the termination of the Erdos TCH Phase III power generation project in 2012; however, the following expenses increased: (i) our consulting expenses, by $0.62 million relating to the HYREF Fund raising, (ii) our legal and miscellaneous expenses, by $0.56 million relating to HYREF Fund raising, and (iii)  our salary and bonus expenses, by $0.25 million resulting of additional projects put into operations in 2013.

NON-OPERATING INCOME (EXPENSES). Non-operating expenses consisted of non-sales-type lease interest income, interest expense, bank charges and miscellaneous expenses. For the year ended December 31, 2013, net non-operating expense was $7.83 million compared to $7.67 million for the year ended December 31, 2012. For the year ended December 31, 2013, we had $6.72 million interest expense on loans and $1.29 million one-time commission to the Fund Management Company for successfully initiating and completing the RMB 460 million financing for the Company. For the year ended December 31, 2012, we had $9.25 million interest expense on loans and $1.13 million non-cash income from changes in fair value of BCF of the convertible note from China Cinda, and $349,300 net subsidy income from Xi'an City Science and Technology Bureau and Xi'an City Finance Bureau under the Xi'an Hi-Tech Industry Development Special Project Fund.

NET INCOME. Net income for the year ended December 31, 2013 was $15.63 million compared to net income of $3.41 million for the year ended December 31, 2012, an increase of $12.22 million. This increase in net income was mainly due to the increased sales and interest income on sales-type leases compared with the year 2012.

For the year ended December 31, 2013, GAAP diluted EPS was $0.29 with approximately 61.9 million shares of common stock outstanding, as compared with $0.07 for the year ended 2012, when the Company had approximately 50.2 million shares of common stock outstanding.

Financial Position as of December 31, 2013

As of December 31, 2013, the Company had cash and cash equivalents of $7 million, other current assets were $15.80 million and current liabilities were $31.8 million. Total shareholders' equity was $155.02 million, as compared to $114.98 million as of December 31, 2012.

Net Investment in Sales-Type Leases as of December 31, 2013

The Company, through its subsidiary, Xi'an TCH Energy Technology Co., Ltd ("Xi'an TCH"), sells and leases energy saving systems and equipment. Under sales-type leases, Xi'an TCH leased TRT systems to Zhangzhi with terms of 13 years; and leased CHPG systems to Jing Yang Shengwei for 5 years, BMPG systems to Pucheng Phase I and II for 15 and 10 years respectively, BMPG systems to Shenqiu Phase I for 11 years and Shenqiu Phase II for 9.5 years, a power and steam generating system from waste heat from metal refining to Erdos (five projects) for 20 years, WHPG system of Zhongbao for 9 years, WHPG systems of Jitie for 24 years, and Datong two BPRT systems for 30 years. The components of the net investment in sales-type leases as of December 31, 2013 and 2012 are as follows:


2013

2012

Total future minimum lease payments receivable

$560,187,391

$380,608,263

Less: executory cost

(134,447,605)

(113,529,216)

Less: unearned interest income

(241,234,839)

(138,668,584)

Net investment in sales - type leases

184,504,947

128,410,463

Current portion

9,063,386

10,389,028

Noncurrent portion

$175,441,561

$118,021,435

As of December 31, 2013, the future minimum rentals to be received on non-cancelable sales-type leases by years are as follows: 

2014

$42,518,204

2015

39,462,788

2016

39,462,788

2017

39,462,788

2018

39,369,967

Thereafter

359,910,856

Total

$560,187,391

For more information regarding China Recycling Energy Corp's financial performance during the year ended December 31, 2013, please refer to the Annual Report on Form 10-K, which was filed with the Securities and Exchange Commission on March 24, 2014.

Full Year 2013 Financial Results Conference Call

The Company will host a conference call at 8:30 am. EDT on Wednesday, March 26, 2014, to discuss the Company's 2013 full year financial results.  Mr. Guohua Ku, Chief Executive Officer, and Mr. David Chong, Chief Financial Officer, will be hosting the call.

Conference Call Wednesday, March 26, 2014 8:30 am. EDT

Investors are invited to participate on the live call by dialing +1(877) 870-4263 for domestic callers and +1(412) 317-0790 for international callers. The conference number for login is 04021401.

Telephonic Replay

If you are unable to participate in the call at this time, a replay of the call will be available for one hour following the call starting at 9:30 a.m. EDT, March 26, 2014 and ending at 9:00 a.m. EDT on April 2, 2014. To listen to the replay, domestic investors can dial +1 (877) 344-7529 and international investors can dial +1 (412) 317-0088.  The conference number for the replay is: 04021401.

For more information regarding China Recycling Energy Corp's financial performance during the year ended December 31, 2013, please refer to the Annual Report on Form 10-K, which was filed with the Securities and Exchange Commission on March 24, 2014.

About China Recycling Energy Corp.

China Recycling Energy Corp. (NASDAQ: CREG or "the Company") is a leading developer of waste energy recycling projects for industrial applications in China. Our waste energy recycling projects allow customers who use substantial amounts of electricity to recapture previously wasted pressure, heat, and gas from their manufacturing processes to generate electricity. We currently offer waste energy recycling systems to companies for use in iron and steel, nonferrous metal, cement, coal and petrochemical plants. We construct our projects at our customer's facility and the electricity produced is used on-site by the customer. We provide an energy-efficient solution aimed at reducing the emission and air pollution in China. Our recycling energy projects capture industrial waste energy to produce low-cost electricity, enabling industrial manufacturers to reduce their energy costs, lower their operating costs and extend the life of primary manufacturing equipment. The Chinese government has adopted policies to encourage the use of recycling technologies to optimize resource allocation and reduce pollution. Currently, recycled energy represents only an estimated 1 percent of total energy consumption and this renewable energy resource is viewed as a growth market due to intensified environmental concerns and rising energy costs as the Chinese economy continues to expand. Our management and engineering teams have over 20 years of experience in industrial energy recovery in China. For more information about CREG, please visit http://www.creg-cn.com.

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of China Recycling Energy Corp. and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For more information, please contact:

Mr. David Chong
Chief Financial Officer
China Recycling Energy Corp.
Tel: +86-13701813139
+65-9721 6163
Email: [email protected]

 

 CHINA RECYCLING ENERGY CORPORATION AND SUBSIDIARIES 

 CONSOLIDATED BALANCE SHEETS 

 AS OF DECEMBER, 31, 2013 AND 2012 



2013

2012

 ASSETS 






 CURRENT ASSETS 



      Cash & equivalents  

$  7,701,530

$ 45,004,304

      Restricted cash 

2,296,249

2,725,002

      Accounts receivable 

71,573

81,819

      Current portion of investment in sales type leases, net  

9,063,386

10,389,028

      Interest receivable on sales type leases 

765,010

912,467

      Prepaid expenses  

1,045,802

49,581

      Other receivables 

1,813,220

121,109

      Notes receivable 

656,071

-

      Advance to related party 

-

440,987

      Prepaid interest on trust loans 

-

816,164

      Prepaid loan fees - current 

83,649

81,139




         Total current assets 

23,496,490

60,621,600




 NON-CURRENT ASSETS 



      Prepaid loan fees - noncurrent 

125,474

202,848

      Investment in sales type leases, net 

175,441,561

118,021,435

      Long term investment 

738,513

-

      Long term deposit 

385,073

388,508

      Property and equipment, net 

44,243

68,305

      Construction in progress 

83,719,596

22,993,905




         Total non-current assets 

260,454,459

141,675,001




 TOTAL ASSETS 

$283,950,949

$202,296,601




 LIABILITIES AND STOCKHOLDERS' EQUITY 






 CURRENT LIABILITIES 



      Accounts payable 

$   2,642,662

$      239,722

      Notes payable - bank acceptances 

5,740,622

3,659,216

      Taxes payable  

1,560,829

1,372,535

      Accrued liabilities and other payables 

1,517,191

1,534,829

      Due to related parties 

2,420,391

-

      Deferred tax liability  

1,442,317

2,471,925

      Bank loans payable - current 

14,925,618

13,523,188

      Trust loans payable - current 

-

31,421,526

      Interest payable on trust loans 

-

317,962

      Cinda note payable 

-

3,766,694

      Accrued interest on Cinda note 

-

383,929

      Interest payable on entrusted loans 

287,887

-

      Current portion of long term payable 

1,441,051

1,292,185




          Total current liabilities 

31,978,568

59,983,711




 NONCURRENT LIABILITIES 



       Deferred tax liability, net 

11,884,068

6,565,618

       Refundable deposit from customers for systems leasing 

1,164,526

588,656

       Long term payable  

2,385,422

3,711,658

       Bank loans payable 

18,862,045

12,091,321

       Entrusted loan payable 

62,654,792

-




          Total noncurrent liabilities 

96,950,852

22,957,253




          Total liabilities 

128,929,421

82,940,964




 CONTINGENCIES AND COMMITMENTS 

-

-




 STOCKHOLDERS' EQUITY 



      Common stock, $0.001 par value; 100,000,000 shares  

60,910

50,225

            authorized, 60,910,058 and 50,224,350 shares issued and  

            outstanding as of December 31, 2013 and 2012 respectively 

      Additional paid in capital 

78,130,053

58,501,642

      Statutory reserve 

9,672,754

7,766,002

      Accumulated other comprehensive income 

16,209,403

11,554,225

      Retained earnings  

50,603,291

37,107,107




          Total Company stockholders' equity  

154,676,411

114,979,201




          Noncontrolling interest 

345,117

4,376,436




          Total equity 

155,021,528

119,355,637




 TOTAL LIABILITIES AND EQUITY 

$283,950,949

$202,296,601

 

 CHINA RECYCLING ENERGY CORPORATION AND SUBSIDIARIES

 CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) 



 YEARS ENDED DECEMBER 31,  


2013

2012




 Revenue 



      Sales of systems 

$  62,013,135

$                 -

      Contingent rental income 

1,180,055

1,245,805




 Total revenue 

63,193,190

1,245,805




 Cost of sales 



      Cost of systems 

47,847,313





 Total cost of sales 

47,847,313

-




 Gross profit 

15,345,877

1,245,805




 Interest income on sales-type leases 

19,344,855

18,234,020




      Total operating income 

34,690,732

19,479,825




 Operating expenses 



      General and administrative  

4,160,742

2,693,248

      Loss on project termination 

-

2,968,964

      Total operating expenses 

4,160,742

5,662,212




 Income from operations 

30,529,990

13,817,613




 Non-operating income (expenses) 



      Interest income  

226,772

199,301

      Interest expense  

(6,718,729)

(9,246,975)

      Changes in fair value of conversion feature liability 

-

1,127,400

      Other income (expenses) 

(1,335,626)

247,418




      Total non-operating expenses, net 

(7,827,583)

(7,672,856)




 Income before income tax 

22,702,407

6,144,757

 Income tax expense  

6,886,601

2,922,253




 Income before noncontrolling interest 

15,815,806

3,222,504




 Less: Income (loss) attributable to noncontrolling interest 

186,270

(184,491)




 Net income attributable to China Recycling Energy Corp 

15,629,536

3,406,995




 Other comprehensive items 



      Foreign currency translation gain
     attributable to China Recycling Energy Corp 

4,655,178

270,035

      Foreign currency translation gain
     attributable to noncontrolling interest 

3,592

10,357




 Comprehensive income attributable to China Recycling Energy Corp 

$  20,284,714

$   3,677,030




 Comprehensive income (loss) attributable to noncontrolling interest 

$       189,862

$    (174,134)




 Basic weighted average shares outstanding 

53,850,289

47,560,416

 Diluted weighted average shares outstanding * 

54,383,418

51,037,255




 Basic earnings per share  

$             0.29

$            0.07

 Diluted earnings per share * 

$             0.29

$            0.07


 * Interest expense accrued on convertible notes is added back to net income for the computation of diluted EPS.  

 

CHINA RECYCLING ENERGY CORPORATION AND SUBSIDIARIES 

CONSOLIDATED STATEMENTS OF CASH FLOWS 



 YEARS ENDED DECEMBER 31, 


2013

2012




 CASH FLOWS FROM OPERATING ACTIVITIES: 



             Income including noncontrolling interest 

$ 15,815,806

$   3,222,504

             Adjustments to reconcile income including noncontrolling 



                  interest to net cash provided by (used in) operating activities: 



             Changes in sales type leases receivables  

(62,013,135)

-

             Shares issued for system purchase 

16,481,108

-

             Loss on project termination 

-

2,968,964

             Depreciation and amortization 

49,001

50,339

             Amortization of prepaid loan fees 

82,070

80,792

             Amortization of discount related to beneficial conversion feature of convertible note 

-

2,140,050

             Changes in fair value of conversion feature liability 

-

(1,127,400)

             Stock options and warrants expenses 

-

89,252

             Changes in deferred tax 

3,933,596

1,000,411

                          Changes in assets and liabilities: 



                                    Interest receivable on sales type lease 

172,368

1,510,166

                                    Collection of principal on sales type leases 

10,874,735

8,190,346

                                    Prepaid expenses 

(150,383)

95,979

                                    Accounts receivable 

12,537

18,997,219

                                    Other receivables 

(1,153,941)

412,918

                                    Construction in progress 

(58,881,561)

6,542,060

                                    Accounts payable 

4,281,365

(652,075)

                                    Taxes payable 

143,084

(1,570,961)

                                    Interest payable 

(39,157)

(28,075)

                                    Accrued liabilities and other payables 

(47,957)

252,987

                                    Accrued interest on convertible notes 

(383,929)

215,929

                                    Long term refundable deposit from customers 

547,134

-




             Net cash provided by (used in) operating activities 

(70,277,259)

42,391,405




 CASH FLOWS FROM INVESTING ACTIVITIES: 



             Changes of restricted cash 

503,363

(2,396,515)

             Acquisition of property & equipment 

(23,321)

(1,750)

             Long term investment 

(12,793,704)

-




             Net cash used in investing activities 

(12,313,662)

(2,398,265)




 CASH FLOWS FROM FINANCING ACTIVITIES: 



             Notes receivable  

(643,687)

82,376

             Proceeds from loans  

89,633,420

4,752,475

             Repayment of loans 

(44,399,439)

(10,297,030)

             Long term payable 

(1,307,011)

(1,189,431)

             Contribution from noncontrolling interest 

400,695

-

             Distribution to acquire noncontrolling interest 

(226,600)

-

             Purchase of noncontrolling interest share 

(1,287,374)

-

             Advance to related parties 

-

(479,686)

             Advance from related parties 

2,334,814

(2,935,805)




             Net cash provided by (used in) financing activities 

44,504,818

(10,067,101)




 EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS 

783,328

129,012




 NET (DECREASE) INCREASE IN CASH & EQUIVALENTS 

(37,302,774)

30,055,051

 CASH & EQUIVALENTS, BEGINNING OF YEAR 

45,004,304

14,949,253




 CASH & EQUIVALENTS, END OF YEAR 

$   7,701,530

$  45,004,304




 Supplemental cash flow data: 



    Income tax paid 

$   3,326,464

$    3,427,582

    Interest paid 

$ 14,294,572

$    9,754,133




 Supplemental disclosure of non-cash financing activities 






 Conversion of convertible debt into common shares

$                 -

$   3,000,000

SOURCE China Recycling Energy Corp.

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When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
Is it possible to migrate 100% of your data ecosystem to the cloud? Join Joe Caserta as he takes you on a complete journey to digital transformation mapping out on-prem data footprint and walking it to the cloud. Joe will also explain how the modern ecosystem supports Artificial Intelligence and will include business use cases to back each of his insights.
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.