Plover Bay Technologies https://www.ploverbay.com SD-WAN Networking for the Internet of Things Mon, 18 Dec 2017 08:46:32 +0000 en-US hourly 1 https://wordpress.org/?v=4.8.2 Asia Pacific (Ex Japan) Wireless SD-WAN 2017-2021 https://www.ploverbay.com/2017/12/15/asia-pacific-ex-japan-wireless-sd-wan-2017-2021/ Fri, 15 Dec 2017 06:57:11 +0000 http://www.ploverbay.com/?p=1566/ 2017-11-30 Industry Report: IDC Asia Pacific (Ex Japan) Wireless SD-WAN 2017-2021

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https://www.ploverbay.com/2017/12/15/1562/ Fri, 15 Dec 2017 06:55:21 +0000 http://www.ploverbay.com/?p=1562/ 2017-11-30 Industry Report: IDC Vendor Spotlight – Wireless SD-WAN: A Critical Element of Industrial IoT

 

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2017-12-13 Press Release: SD-WAN Infrastructure Market Expected to Reach US$4.2B by 2021 https://www.ploverbay.com/2017/12/13/2017-12-13-press-release-sd-wan-infrastructure-market-expected-to-reach-us4-2b-by-2021/ Wed, 13 Dec 2017 02:52:19 +0000 http://www.ploverbay.com/?p=1514/ SD-WAN Infrastructure Market Expected to Reach US$4.2B by 2021

Plover Bay Technologies is leading the Wireless SD-WAN Segment

 

December 13th, 2017

 

Hong Kong – With the Internet of Things (IoT) expected to add exponentially more connections and endpoints for the foreseeable future, the IDC Vendor Spotlight, sponsored by Peplink “Wireless SD-WAN: A Critical Element of Industrial Internet of Things” [1] has identified Wireless SD-WAN to be a crucially integral component of the SD-WAN infrastructure market.

 

IDC expects said market to grow from US$502M to US$4.2B between now and 2021, at a CAGR of 52.6%. The growth of the SD-WAN infrastructure market is being propelled forward at such an impressive rate by a variety of factors, primarily a higher number of distributed endpoints from the IoT and migration of enterprise applications to the cloud. Wireless SD-WAN implementation, specifically, is expected to make up 15-20% of that market.

 

Plover Bay subsidiary Peplink’s two software components, the InControl 2 SD-WAN Controller and the SpeedFusion VPN Bonding engine, are recognized by IDC as its key competitive advantages in the Industrial IoT Market. Peplink’s unique and software driven capabilities are also seen as particularly compelling for the Industrial IoT use case of Wireless SD-WAN, and are critically well-suited to the fast expanding market.

 

Based on SD-WAN infrastructure market size figures from IDC’s Vendor Spotlight, Plover Bay estimates that Peplink occupied a leading position in the Wireless SD-WAN market with 22% market share by 2016 revenue. Peplink products accommodate a variety of use case scenarios, from OEM endpoints and retail outlets, to mobile and industrial applications. In addition to its existing Wireless SD-WAN product line-up, Peplink is gearing up to extend its edge in the Wireless SD-WAN market by launching a number of innovative new products, including the world’s most powerful Wireless SD-WAN router, the EPX, with the capability to link up to 18x LTE-A connections at the same time for the most data-heavy applications while its modular architecture allows for advanced customization and scalability. The palm-sized SpeedFusion Engine, to be launched early next year, will enable unbreakable connectivity on mission-critical devices with a small form factor. All of Peplink’s Wireless SD-WAN solutions boast cloud-based centralized location tracking, device monitoring, and remote management.

 

“Our Wireless SD-WAN products deliver unbreakable connectivity and ultra-high bandwidth which has no parallel in the market. By harnessing emerging capabilities of LTE and other wireless advancements, our products enable breakthrough applications in many verticals that require mobility, including public safety, transport, maritime, broadcasting, and more. Wireless solutions continue to grow rapidly, and we will do so alongside them.” said Keith Chau, CEO of Plover Bay Technologies.

 

[1] Link to document: http://www.ploverbay.com/wp-content/uploads/2017/11/IDC-Vendor-Spotlight.pdf

 

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About Plover Bay Technologies Limited:

Plover Bay Technologies (stock code: 1523) is a world-leading Internet connectivity technology company. The Company is primarily engaged in developing and commercialising SD-WAN solutions under its own brands – ‘Peplink’ and ‘Pepwave.’ The Company also grants software licences and provides support services in connection with its SD-WAN solutions. The Company sells its own branded products to an extensive global network of more than 400 resellers in approximately 70 countries.

 

For more details, please visit: www.ploverbay.com

Enquiries:

Phone: +852 2990 7667

Email: ir@ploverbay.com

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2017-08-01 Press Release: Plover Bay Technologies Announces 2017 Interim Results https://www.ploverbay.com/2017/12/13/plover-bay-technologies-announces-2017-interim-results/ Wed, 13 Dec 2017 02:46:14 +0000 http://www.ploverbay.com/?p=1504/ Plover Bay Technologies Announces 2017 Interim Results
Profit Attributable to Owners of the Company Surges 47.6% to US$4.1 million Revenue Continues to Rise On Robust SD-WAN Adoption

 

Results Highlights:

1)Revenue rose by around 47.8% to approximately US$17.8 million (approximately HK$138.9 million*)

2)Gross profit increased by around 32.6% to approximately US$10.5 million (approximately HK$82.0 million*). Gross profit margin decreased 6.8 ppt to around 59.0% mainly due to introduction of new entry level products to drive new user adoption

3)Profit attributable to owners of the Company surged by around 47.6% to approximately US$4.1 million (approximately HK$32.3 million*), while net profit margin dipped 0.1 ppt to around 23.2%

4)The Board recommended an interim dividend of HK 2.58 cents per share, an increase of around 49.1%

5)Dividend payout ratio for the six months ended 30 June 2017 was approximately 80% (note 1)

 

(1 August 2017, Hong Kong) Plover Bay Technologies Limited (‘Plover Bay Technologies’ or the ‘Group’, stock code: 1523), a world-leading Internet connectivity technology company and the world’s fifth largest SD-WAN router vendor (note 2) today announced its interim results for the six months ended 30 June 2017 (the ‘period under review’).

During the period under review, the revenue of the Group was approximately US$17.8 million (approximately HK$138.9 million*), representing an increase of around 47.8% from approximately US$12.0 million (approximately HK$94.0 million*) for the six months ended 30 June 2016. The increase in revenue was mainly attributable to an overall increase in revenue from all of our product and service categories including sale of SD-WAN routers, provision of warranty and support services, and sale of software licences during the period under review. Gross profit for the period under review was approximately US$10.5 million (approximately HK$82.0 million*) (six months ended 30 June 2016: approximately US$7.9 million or approximately HK$61.9 million*). Gross profit margin was around 59.0%, decreasing around 6.8 ppt (six months ended 30 June 2016: around 65.8%). During the period under review, the Group introduced various new wireless models (including MAX BR1 Mini) with relatively lower margins which helped drive new user adoption, enlarging the Group’s addressable market for high-margin multi-WAN routers in the future.

Profit attributable to owners of the Company for the period under review increased by around 47.6% to approximately US$4.1 million or approximately HK$32.3 million* (six months ended 30 June 2016: approximately US$2.8 million or approximately HK$21.9 million*). The increase was mainly due to the increase in revenue fueled by enhanced global awareness of our brand and SD-WAN technology as well as strong market demand for high performance Internet connectivity and entry into new verticals, partially offset by lower gross margin due to the the launch of new lower margin wireless models.

The Group maintained a healthy financial position with cash and cash equivalents amounting to approximately US$17.3 million (approximately HK$135.1 million*) as at 30 June 2017. The Board has declared the payment of an interim dividend of HK 2.58 cents per share for the six months ended 30 June 2017, representing a dividend payout ratio of approximately 80%.

 

Mr. Keith Chau, CEO of the Group, said, ‘We are delighted to see that the Group continued to deliver strong financial results during the period under review, highlighted by an impressive 47.6% surge in the net profit. Our sales to North America and Asia experienced remarkable growth in the first half of 2017, with year-on-year increases of approximately 46.9% and 66.0%, respectively. Moving forward, we foresee that the factors that are driving demand for our products will remain valid and strong. First, the emergence of SD-WAN has enabled many applications that were deemed technologically or financially infeasible in the past. Working with our global channel partners, we will continue to explore and grow into new specialised verticals. Second, our proprietary SD-WAN bandwidth bonding technology, SpeedFusion, will continue to gain traction. This technology is key to deliver rapid deployable high definition video surveillance and rapid deployable high bandwidth branch networks in hours instead of weeks. SpeedFusion will also benefit the next generation of high definition connected camcorders and smart cities. Third, cost savings and improved efficiency in corporate branch network infrastructure remain strong factors that drive SD-WAN adoption.

Mr. Keith Chau concluded, ‘We will continue to develop new innovative products and expand into new markets. We will release the Advanced Performance SD-WAN (APX) Platform, the industry’s most advanced SD-WAN product capable of supporting up to 18 LTE-A connections. This product addresses the increased demand for having a rapid deployable, high bandwidth, full network redundancy SD-WAN products for customers in specialised verticals. We will also launch the SpeedFusion Engine, the industry’s smallest SD-WAN product. This compact, small footprint product will allow system builders to integrate SD-WAN capabilities into novel applications such as robotics and drones and digital signage easily. We continue to see tremendous opportunities in the SD-WAN market. We will continue our leadership within this expanding market by delivering disruptive Internet connectivity technologies to industrial, enterprise and service provider customers.

 

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About Plover Bay Technologies Limited

Plover Bay Technologies (stock code: 1523) is a world leading Internet connectivity technology company and the world’s fifth largest SD-WAN (Software-Defined WAN) router vendor (in terms of revenue value in 2015). Primarily engaged in developing and commercialising SD-WAN solutions under its own brands – ‘Peplink’ and ‘Pepwave’, the Group also grants software licences and provides warranty as well as support services in connection with its SD-WAN solutions. The Group sells its own branded products to an extensive network of more than 400 distributors in approximately 70 countries.

 

For more details, please visit: www.ploverbay.com

 

Investor Relations Enquiries:

Phone: +852 2990 7667

Email: ir@ploverbay.com

 

(1) Dividend payout ratio is calculated by dividing total dividend declared by profit attributable to owners of the Company during the period under review

(2) In terms of revenue value in 2015
* Translated into Hong Kong dollars at the rate of US$1 to HK$7.8108, the exchange rate prevailing on 31 July 2017
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2017-08-02 Quam Research Results Comments: Upbeat 1H17 results, TP revised up to HKD2.57 https://www.ploverbay.com/2017/08/03/2017-08-02-quam-research-results-comments-upbeat-1h17-results-tp-revised-hkd2-57/ Thu, 03 Aug 2017 10:42:06 +0000 http://www.ploverbay.com/?p=1345/ Click here to download the report.

]]> 2017-08-01 Event: Plover Bay 2017 Interim Results Conference Call https://www.ploverbay.com/2017/07/25/2017-08-01-event-plover-bay-2017-interim-results-conference-call/ Tue, 25 Jul 2017 09:56:12 +0000 http://www.ploverbay.com/?p=1305/ logo-320

 

2017 Interim Results Conference Call

You are invited to join Plover Bay Technologies (1523.HK) 2017 Interim Results Conference Call.

Speakers:
Mr. Alex Chan, Chairman

Time & Date:
HK Time 
6:00pm
1 August 2017 (Tuesday)

Language:
English

Our Conference Call will consist of a short presentation followed by a Q&A session.

Please call in advance to ensure that you are connected. We hope you can join us and we look forward to welcoming you to the call on the day.

Please register by sending an email to ir@ploverbay.com. Dial-in details will be sent to you before the event.

 

About Plover Bay Technologies:
Plover Bay Technologies (stock code: 1523) is a world leading Internet connectivity technology company and the world’s 5th largest SD-WAN (Software-Defined WAN) technology vendor (in terms of revenue value in 2015). Primarily engaged in developing and commercializing SD-WAN solutions under its own brands – “Peplink” and “Pepwave”, the Group also grants software licence subscriptions and provides warranty as well as support services in connection with its SD-WAN solutions. The Group sells its own branded products to an extensive network of more than 400 distributors in approximately 70 countries.

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2017-07-07 Quam Research Initiation Report: Be Connected https://www.ploverbay.com/2017/07/24/2017-07-07-quam-research-initiation-report-be-connected/ Mon, 24 Jul 2017 07:18:14 +0000 http://www.ploverbay.com/?p=1287/ Click here to download the report.

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2017-04-25 SC Net: Aims To Focus On SD-Wan Routers For Industrial Verticals https://www.ploverbay.com/2017/04/25/2017-04-25-sc-net-aims-focus-sd-wan-routers-industrial-verticals/ Tue, 25 Apr 2017 10:19:23 +0000 http://www.ploverbay.com/?p=1103/ Click here to download the report.

Haitong

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2017-04-21 Press Release: JVC and Peplink Announce Partnership https://www.ploverbay.com/2017/04/21/2017-04-21-press-release-jvc-peplink-announce-partnership/ Fri, 21 Apr 2017 11:09:08 +0000 http://www.ploverbay.com/?p=1086/ logo-320

 

JVC and Peplink Announce Partnership

 

To Deliver Bonded Cellular Solutions For Live Multi-Camera Broadcasts

(IMMEDIATE RELEASE: 21st April 2017, Hong Kong) JVC Professional Video, a division of JVCKENWOOD USA Corporation, today announced a partnership with Plover Bay Technologies’ own brand, Peplink, a leader in VPN bonding solutions. Peplink combines multiple connections to create an unbreakable backbone for the ProHD Wireless Bridge video over IP solution for uninterruptible multi-camera live broadcasts. JVC will demonstrate the ProHD Wireless Bridge at the 2017 NAB Show (Booth C4315), which runs April 24-27 in Las Vegas, Nev.

Peplink’s bonded cellular solutions have been successfully deployed for mass transit, cruise ships, oceanographic research vessels, fleet tracking for armored transports, and more. Its SpeedFusion technology bonds multiple 3G/4G/LTE and network (Wi-Fi and wired) connections, and is central to the ProHD Wireless Bridge, which becomes a remote broadcasting hub.

When combined with JVC’s WB-MAP100 access point and the vehicle-mounted WBCELL200 cellular uplink, SpeedFusion creates a secure virtual private network (VPN), and allows the ProHD Wireless Bridge to deliver live broadcasts of news, sports, and other events. The result is an affordable, reliable, and flexible mobile backhaul system.

As cellular networks have improved, bonded cellular solutions have matured for video professionals – and now, they can realistically be used in place of mobile microwave and satellite solutions,’ said Keith Chau, CEO, Plover Bay Technologies.’We are proud to be helping JVC deliver affordable wireless multi-camera solutions to their customers.

Peplink helps JVC deliver reliable connectivity for real-time streaming of multiple cameras during live productions,‘ said explained Edgar Shane, general manager of engineering, JVC Professional Video. ‘Their SpeedFusion technology is at the heart of the ProHD Wireless Bridge and will be an essential part of other JVC video-over-IP wireless solutions for broadcasters and other live event producers.

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About Plover Bay Technologies Limited

Plover Bay Technologies (stock code: 1523) is a world leading Internet connectivity technology company and the world’s fifth largest SD-WAN (Software-Defined WAN) technology vendor (in terms of revenue value in 2015). Primarily engaged in developing and commercializing SD-WAN solutions under its own brands – “Peplink” and “Pepwave”, the Group also grants software licenses and provides warranty as well as support services in connection with its SD-WAN solutions. The Group sells its own branded products to an extensive network of more than 400 distributors in approximately 70 countries. For more details, please visit: www.ploverbay.com.

Press Contact:
Strategic Financial Relations Limited
Vicky Lee +852 2864 4834
Davis Li +852 2864 4892
Boni Liu +852 2864 4870
Email: ir@ploverbay.com

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2017-03-21 Press Release: 1010 and Plover Bay Announce Partnership https://www.ploverbay.com/2017/03/21/2017-03-21-press-release-1010-plover-bay-announce-partnership/ Tue, 21 Mar 2017 14:47:50 +0000 http://www.ploverbay.com/?p=1070/ logo-320

1010 and Plover Bay Announce Partnership


Introducing Innovative Connectivity Solutions to Enterprise Markets

(IMMEDIATE RELEASE: 21st March 2017, Hong Kong) CSL Mobile Limited (‘CSL’) and Plover Bay Technologies Limited (‘Plover Bay’, stock code: 1523), proudly announce the joint partnership offering connectivity at its best to enterprises. As the premium brand of CSL Mobile Limited, 1O1O, the leader in mobile solutions and networks, is allying with Plover Bay, the creator of market leading SD-WAN technologies. This partnership will provide enterprises with unique and innovative connectivity services that boost productivity.

By combining 1O1O’s strong wireless network presence with Plover Bay’s patented SpeedFusion™ technology, this partnership opens new possibilities such as rapidly-deployed high-definition video surveillance, 4G LTE backup to fixed lines, high-speed Internet access from remote locations, and Smart City applications. Seamless yet reliable connectivity can now be provided to construction sites, transportation and outdoor events, just to name a few. The partnership accelerates these deployments like never before.

‘We are honoured to partner with 1O1O to jointly bring our innovative technology products to the market. 1O1O is a leader and trusted mobile operator with extensive network coverage. We look forward to a fruitful partnership where 1O1O and Plover Bay will unlock new market potential,’ Mr. Keith Chau, Chief Executive Officer of Plover Bay Technologies commented.

‘Plover Bay’s strength in connectivity technologies makes them a distinctive partner for 1O1O,’ said Ms. Natalie Chan, Vice President, Corporate Marketing, Commercial Group, CSL Mobile Limited. ‘Innovations and agility are the critical factors that drive business success. Together with 1O1O’s excellence in managed services and mobility solution, we can deliver unrivaled products and services to enterprises.’

Under the partnership, Peplink, a wholly-owned subsidiary of Plover Bay, would offer its SD-WAN devices on 1O1O’s mobility platform. 1O1O will integrate Plover Bay’s patented technologies in its various connectivity platforms offering unbeatable solutions to enterprises in all market segments.

For further information about 1O1O and Plover Bays’ products and solutions, please visit: http://www.ploverbay.com/sd-wan-technology/

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About Plover Bay Technologies Limited

Plover Bay Technologies (stock code: 1523) is a world leading Internet connectivity technology company and the world’s fifth largest SD-WAN (Software-Defined WAN) technology vendor (in terms of revenue value in 2015). Primarily engaged in developing and commercializing SD-WAN solutions under its own brands – “Peplink” and “Pepwave”, the Group also grants software licenses and provides warranty as well as support services in connection with its SD-WAN solutions. The Group sells its own branded products to an extensive network of more than 400 distributors in approximately 70 countries. For more details, please visit: www.ploverbay.com.

Press Contact:
Strategic Financial Relations Limited
Vicky Lee +852 2864 4834
Davis Li +852 2864 4892
Boni Liu +852 2864 4870
Email: ir@ploverbay.com

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