NTPC to use Treated Sewage Water

14th Jun, 2018

NTPC, India’s largest power generating company will use treated sewage water at its Dadri Power Station. This is in line with the tariff policy amendment by Ministry of Power, which requires mandatory use of treated sewage water from Sewage Treatment Plant (STP) of municipal body for thermal power plant located within 50 kilometre radius of the STP.

As a part of its corporate ethos, NTPC aims at utilization of waste water to ensure a sustainable ecological balance by minimizing waste and reusing treated wastewater at its power stations. NTPC has always made a pro-active approach towards environment, adoption of latest technologies, and continual environment conservation.

Company signed a Memorandum of Understanding (MoU) with Noida Authority on 14th June 2018 at Noida, for the supply of 80 MLD treated sewage water to NTPC Dadri plant. The project is expected to get completed in next three years.


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Triton brings user-friendly and pocket-friendly Backup Solutions From 10KWH to 10MWH of requirements. The offering is live for entire India. From common households to manufacturing units to small commercial setups to mission critical healthcare institutions, Triton’s offerings covers customers of almost every size and type.

New Jersey Based Triton Solar LLC, known for making innovative solar panels and solar energy based products, has made a remarkable introduction of their Solar based Power Backup solutions for the Indian market. The Triton’s unique Power Backup solution comes as a service offering delivered on easy monthly rental plans.

With this offering from Triton Solar, customers can avail the solar-based power backup solution for all their power needs including mission critical and regular household operations on an extremely affordable rental plan. For example, a 10KWH backup solution can be offered at a very appealing monthly rental plan.

Commenting on the landmark offering for the Indian consumers, Himanshu B. Patel, Founder Chairman of Triton Solar stated, “Power availability in India is a subject of very critical importance. At Triton, we always focused on creating a robust, innovative and affordable solution for the power backup. In our bid to innovate, we used our unique printed solar panel technology and designed a robust working model which can be installed at the customer premise. The entire solution will be offered in a package of service which will ultimately at affordable cost considering a strong mass appeal.”

The solar backup solution is offered to the customer on a simple monthly rental plan and the customer doesn’t need to pay any amount upfront for the installations.

Conventional power backup solutions have a lot of limitations. The biggest challenge of fuel consumption followed by the crisis of air and noise pollution makes it incomparable with Triton Solar’s Power Backup solution. “In addition to the above-mentioned points that make the conventional power backup solutions very unaffordable and costly the overall experience of power backup is usually not so good in the diesel based power generators. For example, whenever the power goes down, our back solution takes less than 5 mile-seconds to switch over. Imagine a hospital or even a manufacturing facility where the availability of power means everything, our solution give almost a seamless experience whenever power switching takes place,” says Himanshu B. Patel.

The solution can start from 12 KV and it goes up 10 MW. “From households to commercial setups, including high voltage mission-critical requirements for facilities such as data centers, healthcare institutions, schools, commercial places, manufacturing facilities and so on our solution is a one-stop redundant solution that fits all,” he further commented.

As a business background, Triton Solar LLC is the producer of high quality, highly efficient solar cells, flexible lighting, and batteries. Triton Solar is the only company in the world to provide hybrid solar panels that not only generate power but also store it for use at a later time. This is done without communication to the electric grid, making our solar panels the most efficient on the market. Company’s nanotechnology is applied to printed lighting and batteries, which can be customized for multiple applications. Triton Solar serves small business owners, educational institutions, and national governments to help with their ‘go green’ project management needs. Any business house, commercial or individual who demand efficient, sustainable energy solution will ultimately get attracted towards Triton Solar’s Power Backup solutions.

About Triton Solar

Triton Solar, LLC is the producer of high quality and highly efficient printable solar cells, printed lighting, and printed batteries. Triton Solar has become a worldwide organization with its headquarters in Cherry Hill, New Jersey. Triton is currently the only supplier in the world to offer flexible and printed solar panels, lighting, and batteries. This game-changing technology allows for all of our products to be printed onto a flexible medium, creating countless applications for our products.

Read more: Triton Solar Brings Redundant and Affordable...

NTPC India’s Largest Power Generator Exhibits India Power Potential Highlighting its Expertise and International Business at 7th Power and Energy Africa 2018

01st Jun, 2018

NTPC, India’s largest power generating company with a commissioned capacity of 53,651 MW plans to become a 130 GW company by 2032, showcased India’s Green Power at the three day Exhibition and Conference on Power and Energy 2018 at KICC, Nairobi, Kenya from 29 - 31st May, 2018.

Ranked among leading power majors globally, NTPC highlighted its expertise and technical knowhow to execute green power projects of any scale and size. NTPC also displayed the significant work implemented in technological innovation like the dry ash disposable system, zero liquid discharge system, air-cooled condenser technology, which has helped in improving the efficiency of power plants and also by taking over of some old power projects, by renovation and modernization.

The power and energy event was inaugurated by the eminent chief guest, Mr. Martin Mwaisakenyi Heya, OGW, Secretary Petroleum, Ministry of Energy & Petroleum, State Department of Petroleum, Kenya and Indian High Commissioner to the Republic of Kenya Ms. Suchitra Durai along with the senior officials of Ministry of Energy & Petroleum, Govt. of Kenya and NTPC.

The exhibition, which stretched over three-packed business days, witnessed over 11 countries and 22 exhibitors from around the world to network, transact business and gain key insights into latest industry trends and advancements across power sector. The event also provided an ideal backdrop to establish relationships that will lead businesses into new sector markets. NTPC’s Green Power Pavilion drew inquisitive visitors from various global consultants and companies enquiring on NTPC’s international business opportunities, wind power and solar power generation and the company’s commitment to Renewable Energy.

NTPC highlighted its services that ranged from concept to commissioning of coal based, gas based and renewable energy projects, capacity building, renovation and modernization of old power projects, and improvement in efficiency.

The exhibition offered a well-balanced mix of expert talks, B2B meetings and panel discussions on the topical issues and key trends in the energy sector, such as the future of energy and transport in urban environment, renewables, digitalization and technology disruption.


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Azure Power wins 75 MWs, highest allocation out of a 100 MW tender, in Assam

Azure Power, one of India’s leading independent solar power producers, announced that it has won the largest (75 MWs) solar power project in the North Eastern region of India. Azure Power will sign a 25 year Power Purchase Agreement with Assam Power Distribution Company Limited at a weighted average tariff of INR 3.37 per kWh. The project will be developed by Azure Power outside a solar park and is expected to be commissioned in 2019.

Read more: Azure Power Wins Largest Solar Power Project (75...

  • Three battery sites totalling 30MWh including single largest installation of 17MWh part of a hybrid micro grid powered by Solar, Diesel and Battery Energy Storage
  • Deal marks formal entry of one of the world’s largest solar EPC into the Hybrid and Energy Storage space
Sterling and Wilson, an Indian multinational engaged in engineering, construction, manufacturing and energy services with over $1.5Bn in revenue has bagged its first large scale hybrid and energy storage turnkey engineering, procurement and construction order in Western Africa. Sterling and Wilson’s turnkey scope of work includes complete design, engineering, procurement, construction and O&M of a captive hybrid microgrid powered by solar, diesel and battery energy storage. This first of it’s kind project powering behind-the-meter clients in the educational sector in Western Africa will also play host to the continent’s largest battery energy storage project with 30MWh of batteries spread across three sites, including single largest battery installation of 17MWh.

Besides providing microgrid integration and enabling the educational institutions to get off the grid, the hybrid microgrid backed by the batteries would also provide uniquely designed one-day power autonomy to the institutions, thus enabling efficient operations, effective learning and allocation of a larger budget towards the school programs. Sterling and Wilson’s proposed hybrid and energy storage solution is expected to deliver an envisioned reduction of 137,170 metric tonnes of carbon footprint, equivalent to planting 3.5 million new trees.
 
Speaking on this occasion, Mr. Deepak Thakur, CEO – Hybrid and Energy Storage, Sterling & Wilson, said: Lack of power supply is a primary barrier in imparting effective learning and development of any nation. We are extremely glad to have bagged our landmark first project in the hybrid and energy storage space, which not only consists of the largest battery installation in Africa till date, but also hopefully proves to be a marquee installation empowering future generations. We are confident of meeting the most stringent quality, safety and financial needs of our client given our combined global expertise of having delivered over 7GW of solar, diesel and gas based power plants on turnkey basis till date.”

Given its global energy expertise, Sterling and Wilson through its Hybrid and Energy Storage business unit has an extensive focus on where and how hybrid and energy storage solutions can be applied across the energy sector from centralized large fossil and renewable power plants, to data centres, C&I segments and remote settings such as Islands. The newly formed business unit is actively pursuing further opportunities in the aforesaid segments across Europe, Middle-East, Africa, Asia and Australia besides setting its sights on USA.

About Sterling and Wilson

Sterling and Wilson is an excellent example of how the Shapoorji Pallonji family has nurtured long term associations with its business partners. The Mistry and Daruvala families have been partners in Sterling and Wilson for 3 generations. This partnership will only grow stronger, as the 4th generations of both families have recently joined the business.

Over the past 5 years, Sterling and Wilson has shown exceptional growth; with operations all over the globe, as well as an expansion in its range of services, the company's turnover has shown an extremely positive growth. From a turnover of INR 1,760 crore in 2012, Sterling and Wilson group crossed a turnover of INR 6,000 crore and is likely to exceed INR 10,000 crore by 2020. From being a predominantly India focused company in 2010, Sterling and Wilson now operates across the Middle East, Africa, Australia and Europe. In the current year, the company is expanding to the USA and South America. From being a company that was mainly focused on doing MEP projects in India, Sterling and Wilson over the past 5 years has set up global operations in manufacture of DG sets, Gas based power plants, Waste to Energy, Turnkey data centres, Transmission and Distribution and Solar EPC. With its recent foray into energy storage, Sterling and Wilson is perfectly poised to play a pivotal role in the global trend of moving away from thermal plants to a future of renewable energy with storage.

Read more: Sterling and Wilson to Deliver the Largest...

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  • AzureAzure Power Solar Plant
  • Azure Power wins 75 MWs, highest allocation out of a 100 MW tender, in Assam
Azure Power (NYSE: AZRE), one of India’s leading independent solar power producers, announced that it has won the largest (75 MWs) solar power project in the North Eastern region of India. Azure Power will sign a 25 year Power Purchase Agreement (PPA) with Assam Power Distribution Company Limited (APDCL) at a weighted average tariff of INR 3.37 (~US cents 5.2) per kWh. The project will be developed by Azure Power outside a solar park and is expected to be commissioned in 2019.
 
Assam has seen a significant increase in power demand in recent years and has a shortage of electricity capacity. The state has a peak power deficit of 4.2% and energy demand growth was 9% during the year ending March 2018. APDCL currently serves a quickly growing consumer base of more than 3.3 million.

Speaking on this occasion, Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, “We are pleased to announce our win in Assam and with this, we continue to demonstrate our strong project development, engineering, and execution capabilities. We are delighted to make this contribution towards the realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation.”

Azure Power has been among the most active participants in solar power auctions since the beginning of the solar power market in India and the majority of the Company’s portfolio are with customers that have some of the best credit ratings in India, most of which are backed by the Government of India.

About Azure Power

Azure Power (NYSE: AZRE) is a leading independent solar power producer with a pan-Indian portfolio of over 2 gigawatts. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes, from utility scale, rooftop to mini & micro grids, since its inception in 2008. Highlights include the construction of India’s first private utility scale solar PV power plant in 2009 and the implementation of the first MW scale rooftop project under the smart city initiative in 2013.
 
For more information, visit: www.azurepower.com
 
Forward Looking Statements
 
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause the Company’s results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; the availability of solar panels and other raw materials; its limited operating history, particularly as a new public company; its ability to attract and retain its relationships with third parties, including its solar partners; its ability to meet the covenants in its debt facilities; meteorological conditions and such other risks identified in the registration statements and reports that the Company has filed with the U.S. Securities and Exchange Commission, or SEC, from time to time. In the press release, portfolio and the project represent megawatts capacity of solar power plants pursuant to PPAs, signed or allotted or where the Company has been cleared as one of the winning bidders or won a reverse auction but has yet to receive a letter of allotment. All forward-looking statements in this press release are based on information available to us as of the date hereof, and the Company assumes no obligation to update these forward-looking statements.

Read more: Azure Power Wins Largest Solar Power Project (75...

NTPC Ltd. – Profit After Tax up by 10.21%

28th May, 2018

The Country’s largest power generator - NTPC Ltd. who along with its group companies, has installed capacity of 53651 MW, declared the audited annual financial results for the year 2017-18 along with the unaudited financial results for fourth quarter of the year 2017-18.

  • For FY 2017-18, NTPC Ltd. generated 265.80 Billion Units against 250.31 Billion Units generated in the previous year, registering an increase of 6.19%. For Q4 FY 2017-18, NTPC generated 68.56 Billion Units against 63.77 Billion Units generated in Q4 FY 2016-17, registering an increase of 7.51%.
  • The generation during Q4 FY 2017-18, is the highest quarterly generation, surpassing previous highest quarterly generation of 67.78 Billion Units during Q3 FY 2017-18.
  • NTPC Coal stations achieved PLF of 77.90% in FY 2017-18 as against National Average of 60.72%.

For FY 2017-18, Audited Total Income is Rs. 85,207.95 crore, registering an increase of 7.39% over the previous year Audited Total Income of Rs. 79,342.30 crore. For Q4 FY 2017-18, Unaudited Total Income is Rs. 23,617.83 crore against Rs. 20,886.85 crore for Q4 FY 2016-17, registering an increase of 13.08%.

Audited Profit After Tax for FY 2017-18 is Rs. 10,343.17 crore as compared to Rs. 9,385.26 crore in the previous year, registering a growth of 10.21%. For Q4 FY 2017-18, unaudited Profit After Tax is Rs. 2,925.59 crore against Rs. 2,079.40 crore in Q4 FY 2016-17.

The Gross Generation of NTPC Group for financial year 2017-18, is 294.27 Billion Units as against 276.77 Billion Units during previous year. On consolidated basis, for the financial year 2017-18, the Audited Total Income is Rs. 89,641.59 crore as against the Audited Total Income of Rs. 83,009.31 crore during previous year. Audited Profit After Tax for FY 2017-18 is Rs. 10,501.50 crore as compared to Rs. 10,713.94 crore declared in FY 2016-17.

The Board of Directors of NTPC Ltd. has recommended final dividend for the financial year 2017-18 @ 23.90­­­­­­% of paid-up share capital i.e. Rs.­­ 2.39 per equity share of the face value of Rs. 10/- each, subject to the approval of shareholders in the Annual General Meeting scheduled to be held in September 2018. The Company had paid Interim Dividend at the rate of ­­­27.30% of paid-up share capital i.e. Rs.­­ 2.73 per equity share in February 2018. Thus, total dividend for the Financial Year 2017-18 will be 51.20% of the paid-up share capital i.e. Rs. 5.12 per equity share. This is the 25th consecutive year of dividend payment.


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The business case for nanogrids responds to many of the same arguments used to represent microgrids. These small, modular and flexible distribution networks are contrary to larger-scale economic scale thinking, which has guided energy planning for most of the past. Nanogrids pushes the bottom-up energy paradigm to the limit. In some cases, the business case expressed by the network is even more radical than the microgrid; in other cases, the nanogrid is in peace with the status quo.

Read more: Solar PV Plus Energy Storage Nanogrids Market...

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  • EmployeesEmployees Of Dosti Realty Celebrating World Environment Day At Dosti West County
  • Creating a green island at Dosti West County by planting partially grown plants by the employees of Dosti Realty.
  • Emphasis on the importance of ‘Green Spaces’ in the realty sector
June 5 has been commemorated as World Environment Day and is the principal vehicle for encouraging awareness and action for the protection of our environment. Comprehending the significance of the day and demonstrating their support towards environment protection, Dosti Realty, Mumbai’s most revered realty developers, celebrated World Environment Day at Dosti West County, Thane. Being strongly committed towards sustainable growth, Dosti Realty pledged to save the environment by organizing a sapling nurturing and plantation drive for its employees. The initiative was undertaken to ensure a greener environment, adhering to make the earth a better place to thrive in.

This environment sustenance drive started on the occasion of World Earth Day on 22nd April 2018, wherein each employee was given a plant for their desk which they needed to take care of, for around 45 days, post which these would be replanted at a project site. At the juncture of World Environment Day the employees planted these green saplings at Dosti West County at Balkum, Thane (W). Over 170 employees across the Head Office, Branch offices as well as their clubhouses have been a part of this eco-friendly initiative.

Dosti West County is a large layout project that has a host of green features. From solar panels to LED lighting systems, a rainwater harvesting system, sewage treatment plant, native plant species used for landscaping and waste management all designed to create a greener environment. By encouraging the employees each do their part and plant with a purpose, Dosti Realty aims to make them good stewards of the environment.

Speaking on the occasion, Mr Deepak Goradia – Vice Chairman and Managing Director, Dosti Realty, says, “Dosti Realty has always been conscious about the environment and we make an effort to ensure that the projects we construct are eco-friendly. This time we wanted to do something within our office to promote green living as a way of life. By asking employees to take care of a plant for over a month it helps promote the fact that if we each do our part even little things done in our daily lives can help make a big difference. This can be done by not just planting a sapling but also by recycling, limiting our use of plastic, using public transport or pooling for travel and switching the lights off when you leave a room.”

About Dosti Realty
 
Dosti Realty has been in the real estate business for over 3 decades and delivered more than 117 properties till date, providing homes to over 8,600+ families for over 42,700 residents. Encompassing a portfolio of 9.5 mn.sq. ft. across Mumbai, the company has experience in various development types, be it Residential, Retail, IT Park etc. Over the years, it has been known for Aesthetics, Innovation, Quality, Timely Delivery, Trust and Transparency, Values that have built lasting relationships.

Read more: Dosti Realty Spreads Awareness Through Their...

Rimini Street, Inc., (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced that Solar Frontier K.K., a leading developer and distributor of residential and industrial CIS (copper, indium and selenium) solar panels based in Japan, has adopted Rimini Street for support of its SAP ERP applications. Solar Frontier moved to Rimini Street third-party support to reduce annual SAP vendor maintenance costs, achieve business efficiencies and help drive investments in other critical areas of the business, including data analysis and supply chain management.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180523006351/en/

 
Solar Frontier K.K., a leading developer and distributor of residential and industrial solar panels ...

Solar Frontier K.K., a leading developer and distributor of residential and industrial solar panels based in Japan, has adopted Rimini Street for support of its SAP ERP applications. (Photo: Business Wire)

Limited Value from Vendor Annual Support Drives Switch

 

Solar Frontier began using SAP ECC 6.0 in 2010 when parent company Showa Shell Sekiyu completed its SAP implementation. With only a few customizations and minimum add-ons, Solar Frontier’s SAP application was stable and mature, and the frequency of support usage was low. Yet, vendor response to issues was slow, sometimes taking several weeks. Solar Frontier determined that the level of service and response from SAP was not commensurate with the annual maintenance costs paid. In addition, the company sought to achieve greater organizational efficiencies and cost savings by integrating and streamlining its separately managed IT infrastructure and reducing the cost to manage its applications. In looking at options to optimize the cost of maintaining the various application software and IT services, Solar Frontier turned to Rimini Street.

 

Rimini Street Premium Support Gains Attention

 

Soon after initial discussions with Rimini Street, Solar Frontier began to develop significant interest in the Company’s premium support capabilities.

 

“At first, we only looked at the cost merits of Rimini Street, but we soon came to understand that their support quality is much better compared to SAP, based on discussions with various clients and industry analysts,” said Yasuharu Takeuchi, department manager, IT Planning & Promotion Department, Solar Frontier K.K. “My interest in Rimini Street increased and I became convinced that there was no reason not to engage in their services. In fact, I was impressed by the fact that there was a company providing such services.”

 

As with all Rimini Street clients, Solar Frontier has a senior-level Primary Support Engineer (PSE) with an average of 15 years’ experience assigned to them. Rimini Street PSEs provide 24/7/365 support for all issues, including support for customizations, with a guaranteed response time of 15 minutes or less for Priority 1 critical cases.

 

Savings Lead to New Investments to Prepare for the Future

 

Using the savings generated by switching to Rimini Street, Solar Frontier will drive strategic initiatives and intends to expand a wide range of systems that will help the company prepare for the future.

 

“The judgment criteria to achieve our goals in IT investment is whether the costs ultimately contribute to the company's performance. Regularly reviewing our spend to determine if the investments are meaningful is important,” said Mitsuyoshi Sano, IT Planning & Promotion Department, Solar Frontier K.K. “We rebuilt our data analysis and sales management systems last year, which are mainly being used by the sales department today. We are also improving the functionality of our peripheral systems for management and other department users, with the goal to help improve business performance overall.”

 

In addition, Solar Frontier will optimize IT investments to strengthen supply chain-related systems, such as the management of inventory and logistics.

 

“Nearly all Japanese companies are now promoting digital transformation as part of their organization's growth strategy, with cost optimization remaining a major business opportunity,” said Yorio Wakisaka, general manager – Japan, Nihon Rimini Street. “Solar Frontier has succeeded in improving many areas of its business, including operational efficiencies and strategic investments. By looking to its next level of cost reforms to include integration of IT infrastructure along with support services from Rimini Street, they are now able to deploy personnel to strategic projects and have gained flexibility and cost advantages to enable the future road map of their core systems. This benefit can be enjoyed by many other companies as well.”

 

About Rimini Street, Inc.

 

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products. The Company has redefined enterprise software support services since 2005 with an innovative, award-winning program that enables licensees of IBM, Microsoft, Oracle, Salesforce, SAP and other enterprise software vendors to save up to 90 percent on total support costs. Clients can remain on their current software release without any required upgrades for a minimum of 15 years. Over 1,580 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries currently rely on Rimini Street as their trusted, third-party support provider. To learn more, please visit https://www.riministreet.com/, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (C-RMNI)

 

Forward-Looking Statements

 

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our second quarter and annual 2018 revenue guidance, industry, future events, future opportunities and growth initiatives, hiring plans, estimates of Rimini Street’s total addressable market, and projections of customer savings. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse litigation developments or government inquiry; the final amount and timing of any refunds from Oracle related to our litigation; our ability to refinance existing debt on favorable terms; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the success of our recently introduced products and services, including Rimini Street Mobility, Rimini Street Analytics, Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of RMNI common stock; and those discussed under the heading “Risk Factors” in Rimini Street’s Annual Report on Form 10-K filed on March 15, 2018, as updated from time to time by Rimini Street’s Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. There may be additional risks that Rimini Street presently knows or that Rimini Street currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

 

© 2018 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

 

 
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