and that's being optimistic
With CARB being delayed yet again and more exemptions given, CARB is not what they had hoped
CARB delaying retrofit deadline, sued over alleged DPF misleading
By Jill Dunn on November 25, 2013
CARB-lead-featuredThe California Air Resources Board is delaying the particulate matter filter retrofit enforcement deadline to July 1 for truck owners who report by Jan. 31 they made a efforts toward trying to comply with the retrofit law.
CARB released Nov. 13 an advisory that said it would recognize truck owners’ “good faith” actions toward compliance by Jan. 1, the deadline for retrofitting a particulate matter filter. The state says it will delay enforcement through July 1 for those who’ve mad efforts and then reported the efforts by Jan. 31 to CARB’s Truck Regulations Upload and Compliance Reporting System.
CARB already announced this month it would be increasing its low-use mileage exemption from 1,000 miles a year to somewhere between 5,000 and 7,500 miles.
To qualify for the particulate matter filter enforcement delay, owners of any sized fleet must show they took one of the following steps:
*Have an agreement with an authorized installer of a particulate matter filter retrofit
*Signed a purchase contract and ordered a replacement truck equipped with a PM filter (2007 model year engine or newer)
*Were approved or denied financing for a retrofit filter or for a replacement truck equipped with a filter
I now predict a 8c loss based on the CARB move out. I was previously at 2c loss. No way they make 20c as spanspur is touting. I notice he didn't take me up on my bet.
I also thought Breese did not indicate that Honda would increase last qtr in the last CC.
This is going back to $2.5. Why would they bother to give out bad news at Roth Conference? How stupid is that?
now says CARB regulations deadline postponed until July 1, 2014 from Jan 1, 2014
Wonder how that effects last qtr?
Pirelli totally removed
2 patents applied for in 2014 already, 38 last year
Bob is the CEO at Kewill and IDSY BOD member. As CEO of Kewill he should know Voxware as Voxware is referenced in white papers on the Kewill web site.
Kewill is a supply chain company
“The dramatic growth we’ve seen during the first half of this year compared to the last is proof that the market is looking to modernize their warehouses with the latest voice technology in order to effectively meet their evolving supply chain requirements,” said Keith Phillips, President and CEO, Voxware. “Cloud-based voice solutions give companies the capabilities they need to address today’s rapidly changing commerce landscape and the rising expectations consumers have for fast and accurate delivery. Organizations who do not employ the newest technologies will be unable to provide the same level of customer service and will be at a competitive disadvantage in the marketplace.”
Further, several Voxware customers went live within the first six months of FY 2014. A sample of these customers include: BFP Wholesale, Buffalo Rock, ID Images, Intertape Polymer Corporation, Mt. Pleasant Ice Cream, Monterrey Provision Company, Whole Foods Market, and Wagner Spray Tech.
Voxware helps organizations with teams who are on the move to more effectively receive, act on, and communicate information critical to their work. Our hands-free voice solutions enable employees to safely and accurately speed through tasks, thereby boosting operational productivity and improving customer experiences. What’s more, Voxware easily adapts to changes in technology and processes, enabling organizations to quickly address shifting demands without disruptions to the operation. Our innovative approach to voice communication has proven to help our customers increase profitability by cutting costs and enhancing brand loyalty.
Voxware Powers Through First Half FY 2014 With Significant Growth in SaaS Bookings
Cloud-based voice provider realized high double-digit growth during the first half of FY 2014
FEBRUARY 19, 2014
Hamilton, NJ – February 19, 2013 – Voxware, an innovative voice software provider, today announced it has realized significant growth in overall bookings during the first half of FY 2014, including a marked growth in SaaS bookings. The company attributes much of this success to the market’s high demand for more flexible cloud-based voice offerings that are easier to use, quicker to deploy, and less to maintain than on-premise solutions.
Voxware, which provides hands-free voice solutions that enable employees to safely and accurately speed through tasks, saw high double-digit growth in total bookings during the first half of FY 2014 compared to the first half of the previous year, and exceeded expectations in SaaS bookings during the same period. Further, this last quarter marks the seventh consecutive quarter of growth for Voxware.
Companies of all types and sizes have been attracted to the Voxware Cloud Voice Management Suite (VMS), which provides a scalable solution that enables organizations to enhance operational productivity, improve accuracy, and better serve its customers without investing in costly IT infrastructure. Driving this transition to the cloud are the operational headaches that warehouses have experienced with on-premise solutions, including building the technology infrastructure and running time-consuming updates that cause costly downtime. Just like managers in other areas of the organization, supply chain executives are increasingly interested in moving to the cloud in order to cut risks and costs, as well as keep pace with the changing commerce landscape.
So lets say Kellogg's has $4M earmarked for warehouse improvements. Both IDSY and Voxware would compete for some of that pie. Both companies currently now make presentations to the same logistics/technology folks and then those folks decide on what improvements give them the most bang for the buck. I'm not sure I agree with that as they currently don't have the same customer base, and the benefit of having an "in" in a new customer outweighs that
I think the same argument can be made for AI and IDSY; they both compete for the same money. AI and VMS have no synergies other than Analytics. Voxware and VMS have many, many synergies.
I talked to the Voxware CEO about this and he thought the combined companies would compete for the same warehouse money as the warehouse managers had a finite amount of annual money. He knew all about IDSY
I see it 1 + 1 = 3 or 4
if IDSY owned Voxware, you get synergies between the products as pickers pick their items which are then fed to the fork lift guys via conveyor. The heavy industrial companies like Ford, BMW would not have this synergy but WalMart, Target, Walgreens, P&G, General Mills, etc would.
You could consolidate NJ offices and London offices. Take the Voxware CFO and get rid of Ned. Cross train the sales force and keep the best 80% of the combined force. Your customer contact base is expanded, your resellers are expanded, your interfaces to warehouse software is expanded, you get better Analytics. Voxware gets access to needed capital which keeps many customers away as they fear they are too small and underfunded. You can probably squeeze $1M+ out of the closed offices and another $1M+ out of sales forces.
Voxware is a much better fit to IDSY than AI ever was and is growing 5X faster.
IDSY bought AI from GE a little over 3 years ago for about $16M. Sales really have not grown that much (2%/yr ??). Maybe they are $18M now. There really are no synergies with the VMS product line or rental other than sharing an Analytics screen. Competition with Skybitz is bringing in low margins. The largest customer is WalMart and they have not agreed to a price increase since AI was bought. AI would be better off bought by a competitor who could then raise prices. It would not be unreasonable to get $30M-$40M for AI as that is the valuation others have recently put on these systems. In addition, the AI tech folks are down in Texas, 1500 miles from the NJ folks.
Voxware is a private speech recognition company that sells their SAAS software to the same companies that VMS targets. They are about a $16M/yr revenue company who is at break even, so about the same revenue as AI. They are based in central NJ, Boston and London. Their sales force literally targets the same exact companies that IDSY VMS targets. Customer overlap is minimal which gives each company the ability to cross sell to the others existing base. Voxware's biggest customers are in the food industry and include US Foodservice, Royal Ahold, Performance Food Group, Albert Heijn, Kellogs, 7-eleven, Duncan Donuts. The also have retail customers like TJX, Carters, Haggar which are al non-IDSY customers. Voxware could probably be bought for $20M-$25M and is growing in the double digit area.
Voxware also has excellent Analytics and has had it for years. They also have interfaces to all the big Warehouse Management companies like MANH, Red Prairie, and also to SAP. IDSY could use these interfaces for their product. Voxware also has relationships with dozens of resellers that could help IDSY.
Voxware's biggest competitor, Vocollect, has WalMart as their largest customer. WalMart is up for a hardware refresh. If IDSY owned Voxware, Walmart would be more likely to switch. This is a $50M account alone.
The PCGS statistics odometer now moves 7 days/week as the US crew is working Mon-Sat and China works Mon-Fri. The Chinese Monday is US Sunday so those stats show up Monday morning US time. Almost 1K coins were added from China overnight. To put that in perspective, total coins last qtr was 447K, 8% outside of the US (35K outside the US).
In 1 day, China did 1K coins.
The last update from this customer was Dec 20:
"A Fortune 100 retailer is adding PowerFleet to another U.S. distribution center, bringing to more than 20 the total number of facilities in which it has deployed PowerFleet. The order for the additional distribution center is valued at approximately $370,000."
So it looks like this customer is doing something every qtr