spirent communications plc (SPNUF) Key Developments
Spirent Communications plc announces Executive Changes
Jun 25 15
Spirent Communications plc announced that Jonathan Silver has been appointed as a non-executive director and becomes a member of the Audit, Remuneration and Nomination Committees. Following the announcement of half-year results in August, Jonathan will replace Ian Brindle as Chairman of the company's Audit Committee and, as previously announced, Sue Swenson will then become Senior Independent Non-executive Director. Jonathan has recently stepped down from his role as Chief Financial Officer at Laird plc where he has held a variety of senior positions over the last thirty years. Since 2007 he has also been a non-executive director at Invesco Income Growth Trust plc, where he is also Chair of their Audit Committee.
Spirent Communications Unveils its eCall and ERA-GLONASS In-Vehicle Systems (IVS) Test Solution
Jun 10 15
Spirent Communications unveiled its eCall and ERA-GLONASS In-Vehicle Systems (IVS) test solution to verify the functionality and protocol conformance of the eCall and ERA GLONASS enabled vehicular systems. eCall and ERA GLONASS will soon become mandatory in new vehicles in Europe and Russia. eCall and ERA-GLONASS are, respectively, European and Russian initiatives that combine mobile communications, navigation and information technologies to provide rapid assistance to vehicle occupants in the event of a collision. The initiatives are anticipated to cut emergency services response time by 50%-60% and to decrease road fatalities by 10% per year. To ensure these services meet government-mandated requirements, the eCall/ERA-GLONASS IVS must be tested for all possible real world scenarios, which requires highly accurate GPS and/or GLONASS simulation. With a modular design, the Spirent solution can simulate selected elements of the real automotive environment to enable IVS testing, or the whole environment for closed loop testing. It also enables designers to optimize their emergency and location systems with performance testing that helps ensure better sensitivity or greater resilience in weak signal areas. The solution also meets the Russian GOST-R specifications with all 17 GOST-R 5534-2013 test cases pre-programmed. The Spirent eCall and ERA-GLONASS IVS test solution builds on Spirent’s long-established leadership in satellite navigation and mobile communications test. It uses Spirent GSS6700 or GSS6300M global navigation satellite system (GNSS) simulator to evaluate location performance, and the eCall/ERA GLONASS Simulator Platform, which provides fast, simple and repeatable test execution and analysis.
Spirent Communications Plc. Proposes Final Dividend for the Year Ended December 31, 2014, Payable on May 8, 2015
May 5 15
Spirent Communications Plc. in its AGM to be held on May 5, 2015, proposed payment of a final dividend of 2.21 cents per ordinary share for the year to 31 December 2014. If shareholders approve this resolution, payment will be made on 8 May 2015 to all Ordinary shareholders who were on the Register of Members at close of business on 6 March 2015.
Spirent Communications Plc. to Report Q1, 2015 Sales/Trading Statement Results on May 05, 2015
May 5 15
Spirent Communications Plc. announced that they will report Q1, 2015 sales/trading statement results on May 05, 2015
Spirent Communications plc Announces Earnings Results for the First Quarter Ended March 31, 2014; Appoints Tom Lantzsch as Non-Executive Director and Member of the Audit, Remuneration and Nomination Committees, Effective from May 11, 2015
May 5 15
Spirent Communications plc announced earnings results for the first quarter ended March 31, 2014. For the quarter, the company’s Revenues were $96.6 million compared with $111.9 million for the first quarter of 2014 as many orders were received too late in the quarter to be converted into revenue, demonstrated by a book to bill ratio of 103. The lower revenue resulted in an adjusted operating loss for the period of $3.6 million against operating profit of $11.4 million for the first quarter of 2014. Free cash flow was $12.5 million against $2.9 million a year ago.
The Board announced that Tom Lantzsch will be appointed as a non-executive director with effect from May 11, 2015 and will become a member of the Audit, Remuneration and Nomination Committees. Tom is Executive Vice President Strategy at ARM Holdings and he has held a variety of senior leadership roles in technology industries over the last 30 years.