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SOUTH AFRICA CONSUMERS TO START RECEIVING PRE-PAID ELECTRIC POWER METERS

Thousands of residents in Gauteng, South Africa’s smallest but most populous province, which includes the financial and administrative capitals of Johannesburg and Pretoria, are set to receive smart prepaid electricity meters soon as part of power utility Eskom’s plan to improve cash flow and address its debt collection challenges.

Even as it rolls out prepaid meters in Sandton, Midrand and Soweto areas of Johannesburg, Eskom said here over the weekend that still wanted to recoup the billions of Rands owed to it, especially by its Soweto customers.

Eskom said it would be installing an estimated 32,000 smart prepaid meters in the Sandton and Midrand areas by the end of March 2017. More than 30,000 split meters have already been installed in Soweto.

Eskom Spokesman Khulu Phasiwe said the rollout programme in Soweto would continue until the utility had covered all of its 150,000 customers in the township. The move, he added, would enable Eskom to contain bad debt, which had been consistently ballooning over the years.

In the past financial year, Eskom’s debt reached 5.0 billion Rand (about 334 million US dollars).

He said Eskom would not cancel the debt. Instead it had entered into a structured arrangement with the users to pay their debts over time.

Soweto has, for years, been a bad debt hotspot for Eskom. In 2003, Eskom wrote off 1.6 billion Rand of debt in townships around Johannesburg and Phasiwe said there would be no repeat of that.

The installation of prepaid meters formed part of Eskom’s strategy to migrate its customers from conventional or post-paid metering to prepaid metering. The changeover will happen at no extra cost to the customers, Eskom said.

Phasiwe said the benefits of using prepaid metering included enabling customers to monitor their consumption by checking the easy to read monitor and adjusting their consumption accordingly.

He said this would help Eskom’s energy efficiency drive. The migration will also eliminate meter reading estimations.

SOURCE: SABC

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IMAX Scores Record-Shattering Opening Weekend Box Office With Star Wars: The Force Awakens Grossing $48 Million In IMAX® Theatres Worldwide

IMAX Corporation (NYSE: IMAX) today announced that Star Wars: The Force Awakens, released by The Walt Disney Studios, scored a record-setting opening weekend in IMAX® theatres with $48 million worldwide on 677 screens (excluding China), making it the Company’s best-ever weekend at the global box office, beating Jurassic World’s $44.1 million worldwide opening (which included China). The previous worldwide box-office record holder in IMAX – without China – was Marvel’s Avengers: Age of Ultron, which earned $25.2 million during its opening weekend globally. Star Wars: The Force Awakens also set various other IMAX records including for both domestic and international openings.

Domestically, Star Wars: The Force Awakens grossed a benchmark $30 million on 391 IMAX screens, of which 359 were record-breaking. The film trounced the previous North American IMAX opening weekend record of $20.9 million (Jurassic World) by roughly 50 percent.

International IMAX results for Star Wars: The Force Awakens reached a record $18 million on 276 IMAX screens – without the benefit of China – more than doubling the previous-best non-China day-and-date release of $8 million (Harry Potter and the Deathly Hallows – Part 2). Markets that saw record-setting openings include: U.K., France, Germany, Russia, Japan, the Netherlands, Austria, Denmark, Sweden, South Africa, Italy, Portugal, Brazil, Australia and New Zealand.

The IMAX network was at capacity with sell-out screenings all weekend as the film earned the highest single-day box-office gross for IMAX worldwide on Friday with $17.7 million. The previous best was Jurassic World with $13 million.

“Star Wars has become a global cultural phenomenon, and IMAX has benefitted, with new IMAX records set across our entire worldwide network and China still to come. We only wish we had more seats to meet the demand,” said IMAX CEO Richard L. Gelfond. “Congratulations to Disney and Lucasfilm – we’re extremely proud of the collaboration between our companies, which has resulted not only in this record-setting worldwide opening for Star Wars: The Force Awakens, but also in setting the stage for the franchise for years to come. With IMAX effectively playing two Star Wars films per year over the next several years, we believe it will add even greater visibility to our business.”

“With numbers like this, it’s clear that even casual viewers sought out a premium theatrical experience to see Star Wars: The Force Awakens, and in a weekend of incredible performances across the board, the folks at IMAX pulled out all the stops for a tremendous, record-setting debut for the format that has gone beyond anything we could’ve hoped,” said Dave Hollis, Executive Vice President, Theatrical Distribution, The Walt Disney Studios.

“We always believed the worldwide opening for Star Wars: The Force Awakens was going to be strong, but these results have exceeded our expectations,” said Greg Foster, Senior Executive Vice President, IMAX Corp. and CEO of IMAX Entertainment. “We extend a big congratulations to our friends and long-time partners J.J. Abrams, Kathleen Kennedy, Bryan Burk and all of our friends at Disney and Lucasfilm for this phenomenal achievement. The synergy created by fans of the Star Wars franchise, The IMAX Experience®, and the support of our filmmaker, studio and exhibitor partners has manifested itself in a truly phenomenal way – creating a new cinema paradigm. With stellar reviews, incredibly strong word-of-mouth, and an open runway for many weeks in IMAX, we look forward to the film’s continued global success – especially as it broadens to China on Jan. 9 – and elsewhere across our network well into February.”

The IMAX® 3D release of Star Wars: The Force Awakens was shown in its digitally re-mastered format, which includes the image and sound quality of The IMAX Experience® with proprietary IMAX DMR® (Digital Re-mastering) technology. The crystal-clear images, coupled with IMAX’s customized theatre geometry and powerful digital audio, create a unique environment that will make audiences feel as if they are in the movie.

About IMAX Corporation

IMAX, an innovator in entertainment technology, combines proprietary software, architecture and equipment to create experiences that take you beyond the edge of your seat to a world you’ve never imagined. Top filmmakers and studios are utilizing IMAX theatres to connect with audiences in extraordinary ways, and, as such, IMAX’s network is among the most important and successful theatrical distribution platforms for major event films around the globe.

IMAX is headquartered in New York, Toronto and Los Angeles, with offices in London, Tokyo, Shanghai and Beijing. As of September 30, 2015, there were 1,008 IMAX theatres (887 commercial multiplexes, 19 commercial destinations and 102 institutions) in 66 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code “HK.1970.”

IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D Experience®, The IMAX Experience® and IMAX nXos® are trademarks of IMAX Corporation. More information about the Company can be found at www.imax.com. You may also connect with IMAX on Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube (www.youtube.com/imaxmovies).

This press release contains forward looking statements that are based on IMAX management’s assumptions and existing information and involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such forward looking statements. These risks and uncertainties are discussed in IMAX’s most recent Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.

For additional information please contact:

Media:

IMAX Corporation – New York

Ann Sommerlath

212-821-0155

asommerlath@imax.com

Entertainment Media:

Principal Communications Group – Los Angeles

Melissa Zukerman/Paul Pflug

323-658-1555

melissa@pcommgroup.com

paul@pcommgroup.com

Investors:

IMAX Corporation – New York

Jessica Kourakos

212-821-0110

jkourakos@imax.com

Business Media:

Sloane & Company – New York

Whit Clay

212-446-1864

wclay@sloanepr.com

Logo – http://photos.prnewswire.com/prnh/20111107/MM01969LOGO

SOURCE IMAX Corporation

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Research and Markets: Global Implantable Biomaterials Market Report – Analysis, Technologies & Forecasts 2015-2020

This report analyzes the global markets for Implantable Biomaterials. The report provides the standard and the tailored research methodology approach. The market overview offers in depth analysis for the regional and country level analysis, for instanc…

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DGAP-News: SolarWorld AG applauds decision in favor of U.S. solar power

DGAP-News: SolarWorld AG / Key word(s): Miscellaneous

SolarWorld AG applauds decision in favor of U.S. solar power

21.12.2015 / 09:00

The issuer is solely responsible for the content of this announcement.

—————————————————————————

The U.S. Congress approved the extension of the federal Investment Tax

Credit (ITC) that promotes investments in solar power plants in votes on

Friday night European time.

Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG: “The United States has

taken the first step to implement what it promised at the climate summit in

Paris. This is a big step forward for solar power in America. Today, the

United States is already the strongest growing competitive solar market

worldwide, with annualized growth rates of about 30 percent. This trend

will continue.”

“For the sake of fair competition and quality, it is now vital to enforce

compliance with international trade rules. Since 2012, measures against

dumping and subsidies by Chinese solar manufacturers have been in force in

the United States. However, the government must continue to focus on

enforcement, and we will continue to work with them in every way to make

sure the circumvention and evasion are fully addressed. Sustainable market

growth can happen only without dumping,” says Mukesh Dulani, President of

SolarWorld Americas Inc.

SolarWorld is the largest manufacturer of solar technology in the United

States and in Europe. It has an outstanding position as manufacturer of

high-quality and durable solar products. The group achieves more than 50

percent of its revenue in the Americas.

Dr.-Ing. E. h. Frank Asbeck: “The European Union should take the United

States as an example. Particularly in Germany, it is high time to turn from

skepticism to optimism again. Costs for solar power have gone down

dramatically within the last years. Solar will be an essential pillar for a

safe, clean and affordable energy supply.”

SolarWorld REAL VALUE: SolarWorld manufactures and sells high-tech solar

power solutions and in doing so contributes to a cleaner energy supply

worldwide. The group, headquartered in Bonn, Germany, employs approximately

3,700 people and carries out production in Freiberg, Germany; Arnstadt,

Germany; and Hillsboro, USA. From raw material silicon to solar wafers,

cells and modules, SolarWorld manages all stages of production â?? including

its own research and development. Through an international distribution

network with locations in Europe, USA, Singapore, Japan and South Africa,

SolarWorld supplies customers all over the world. The company maintains

high social standards at all locations across the globe, and has committed

itself to resource- and energy-efficient production. SolarWorld was founded

in 1998 and has been publically traded on the stock market since 1999. More

information at www.solarworld.com

Contact:

SolarWorld AG

Investor Relations

Phone: +49 228 55920-409;

Email: placement@solarworld.com; Web:

www.solarworld.de/en/investor-relations

—————————————————————————

21.12.2015 Dissemination of a Corporate News, transmitted by DGAP – a

service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,

Financial/Corporate News and Press Releases.

Media archive at www.dgap-medientreff.de and www.dgap.de

—————————————————————————

Language: English

Company: SolarWorld AG

Martin-Luther-King-StraÃ?e 24

53175 Bonn

Germany

Phone: +49 (0)228 – 559 20 470

Fax: +49 (0)228 – 559 20 9470

E-mail: placement@solarworld.com

Internet: www.solarworld.de

ISIN: DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14

WKN: A1YCMM, A1YDDX, A1YCN1

Listed: Regulated Market in Dusseldorf, Frankfurt (Prime

Standard); Regulated Unofficial Market in Berlin, Hamburg,

Munich, Stuttgart

Source: EQS Group AG