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Taipei, February 14, 2020 (Thomson StreetEvents) – Published minutes of the conference call or presentation on the results of Himax Technologies Inc Thursday, February 13, 2020, 1:00 p.m. GMT
Himax Technologies, Inc. – CFO
Himax Technologies, Inc. – Founder, CEO, President and Director
MZ Group S.A. – MD from MZ North America
Dear Sir or Madam, Thank you for standing by and welcome to Himax Technologies fourth quarter and full year 2019 earnings call. (Operation manual). Please note that today's conference will be recorded. (Operation manual).
I would now like to hand over the conference to your speaker Maili Bergman, Managing Director of the MZ Group. Please continue.
Maili Bergman, MZ Group S.A. – MD from MZ North America [2]
Thank you very much. Welcome to Himax 'earnings call for the fourth quarter of 2019. Jordan Wu, President and Chief Executive Officer, is coming from the company. and Ms. Jackie Chang, CFO. After the prepared comments from the company, we gave time for questions in a question and answer session. If you have not yet received a copy of the press release with today's results, please email firstname.lastname@example.com or access the press release on financial portals or download a copy from the Himax website at www himax. com.tw down.
Before I start formal work, I would like to remind everyone that some of the statements in this conference call include statements about expected future results, financial results and industry growth, and are forward-looking statements that involve a number of risks and uncertainties may cause actual events or results to differ materially from those described in this conference call. Factors that could cause actual events or results to differ materially from those described in this conference call include general business and economic conditions, the state of the semiconductor industry, market acceptance and competitiveness of the driver, and non- Driver. Driver products developed by Himax, demand for end-use application products, uncertainty about continued success in technological innovation, and the other operational and market challenges and other risks that are described from time to time in the company's SEC filings, including those identified and in Section entitled Risk Factors in its Form 20-F for the fiscal year ended December 31, 2018, filed with the SEC in March 2019, with the exception of the company's full year 2018 results, which are provided and provided in the Company's 20-F was filed with the SEC on March 29, 2019. The financial information included in this conference call is unaudited and consolidated and is prepared in accordance with IFRS accounting.
This financial information is generated internally and has not been subjected to the same review, including internal review procedures and external reviews by an independent external auditor to which we submit our consolidated financial statements, and may differ materially from the audited consolidated financial information for the same period.
The company assumes no obligation to publicly update or revise any forward-looking statements based on new information, future events or for any other reason. I will now forward the call to Ms. Jackie Chang, CFO of Himax. The floor is yours, Jackie.
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Jacqueline Chang, Himax Technologies, Inc. – CFO [3]
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Thank you, Maili, and thank you all for coming to us. In today's call, we will first review Himax's fourth quarter consolidated financial performance, followed by the first quarter 2020 outlook. Jordan will then update our business status. After that we will answer questions. We will review our financial data on both IFRS and non-IFRS basis. Share-based payments and acquisition-related expenses are not included in the non-IFRS financial data. We announced preliminary key financial results for the fourth quarter on January 7, 2020 as quarterly sales, gross margin and earnings per share exceeded our guidance published on November 7, 2019. Revenue and gross margin were in line with the previously announced results, while EPS was at the upper end of the range.
In the fourth quarter, we had net sales of $ 174.9 million, an increase of 6.5% over the previous quarter. And a decline of 8.4% compared to the same period last year. Sales were better than our forecast for the flat quarter. Both the display driver and non-driver businesses contributed to better than managed sales. The gross margin was 20.6%, exceeding previous forecasts of a slight increase compared to 19.5% in the third quarter. A cheaper product mix between small display products, an improved utilization of the WLO factory and higher than expected engineering fees from new project orders increase the gross margin for the fourth quarter.
IFRS earnings per diluted ADS was $ 0.006, exceeding our forecast loss of $ 0.03 to $ 0.045. Stronger sales and an improved gross margin both contributed to the better-than-expected profit. In addition, we posted a $ 3.8 million revaluation gain from an AI start-up investment in November 2017. The revaluation gain was not included in the November guidance. Non-IFRS earnings per diluted ADS was $ 0.009, exceeding our forecast loss of $ 0.027 to $ 0.042. Large display driver sales were $ 57.9 million, an increase of 15.6% qoq and a decrease of 22% yoy.
The sequential growth was due to Chinese panel customers building new LCD factories and inventory in anticipation of growing demand and price hikes in 2020. However, revenue was below the level of the last quarter of 2018, when the panel manufacturer's production peaked. Since then, they have reduced their production every quarter to meet the overall weak TV demand and industry-wide oversupply. Large driver ICs accounted for 33.1% of our total sales in the quarter, compared to 30.5% in the third quarter and 38.9% in the previous year. Sales of small and medium-sized display drivers were $ 81.1 million, up 5.1% quarter-on-quarter and 1.6% year-over-year. The segment accounted for 46.4% of total sales in the quarter, compared to 46.9% in the third quarter and 41.8% in the previous year.
Revenue growth, both sequentially and year-over-year, was primarily driven by higher automobile and tablet sales, offset by a decrease in TDDI smartphone sales. Although the decline was less than previously expected.
Smartphone sales declined sequentially by 22.5% and 14.3% year over year. Both the sequential and the decrease compared to the previous year were mainly due to lower TDDI deliveries.
On an annual basis, however, our TDDI deliveries in 2019 were almost twice as high as in the previous year because our fulfillment in 2018 was limited due to capacity bottlenecks.
From 4Q '19. Our business experienced a major turnaround. Thanks to our penetration with more tier 1 smartphone OEMs, the rapid adoption of TDDI in mid to low end smartphones in the industry and our aggressive development of new foundries for TDDI. Jordan will be elaborating on this in a few moments.
Traditional TDDI fee revenue declined sequentially by 20.2% in the fourth quarter, but increased 14.3% year over year.
Display drivers for tablets and other consumer goods grew 26.5% sequentially, better than our previous forecast of 20%. This was due to the replenishment of customers and the strong demand from certain brand customers. Sales of tablets and consumer goods also increased in the fourth quarter compared to the previous year by 25.8%.
Our automotive driver IC sales grew 23.2% sequentially, better than our forecast of more than 15%. It rose by 1.9% compared to the same period in the previous year. Revenue from our non-driver businesses was $ 35.9 million, a decrease of 3% from the previous quarter and 2.6% from the previous year.
Non-driver products accounted for 20.5% of total sales, compared to 22.6% in the third quarter of 2019 and 19.3% in the previous year. The fourth quarter gross margin was 20.6% and increased 110 basis points sequentially, but decreased 370 basis points compared to the same period last year. The gross margin exceeded our previous expectation of a slight increase from 19.5% in the third quarter. The reason for the sequential increase was a cheaper product mix between small and medium-sized display driver products, the improvement of the workload and higher engineering fees from project orders.
The increased shipping of the WLO product to an anchor customer led to a higher capacity utilization of our WLO factory and thus to a better gross margin compared to the same period last year. The decrease compared to the previous year was mainly due to the erosion of the TDDI-ASP in smartphones, which was due to the increasing competition and to more TDDI deliveries for the lower end market.
In addition, our IC companies for large panel drivers faced headwind in 2019 when the cost of our COF packaging material increased due to capacity constraints and the display industry suffered from a large oversupply.
Our fourth quarter IFRS operating expenses were $ 37.4 million, a 5.6% decrease from the previous quarter and a 8.8% decrease from the previous year. The sequential decline was caused by lower salaries and lower R&D costs. The decrease compared to the previous year also resulted from lower salary and R&D expenses, which were offset by the increase in depreciation expenses.
Fourth quarter non-IFRS operating expenses were $ 36.8 million, a 6.2% decrease from the previous quarter and a 9.5% decrease from the prior year quarter. The IFRS operating margin for the fourth quarter was minus 0.8% after minus 4.7% in the previous quarter and after 2.8% in the same period of the previous year.
The sequential improvement resulted primarily from higher sales, a better gross margin and lower operating costs. The decrease compared to the previous year resulted from lower sales and gross margins, which were offset by lower operating costs. Non-IFRS operating loss for the full quarter was $ 0.7 million, or minus 0.4% of sales, compared to a non-IFRS operating loss of $ 7.3 million, or minus 4.4% of sales in the last quarter and after 3% in the same period last year. The sequential improvement in declines compared to the previous year was recorded for the reasons mentioned above.
Fourth quarter IFRS profit was $ 1 million, or $ 0.006 per diluted ADS, compared to a loss of $ 7.2 million or $ 0.042 per diluted ADS in the previous quarter and an IFRS profit of 8.5 million. USD or $ 0.049 per diluted ADS a year ago. IFRS earnings per diluted ADS exceeded previous forecasts for loss per diluted ADS from around $ 0.03 to $ 0.045. The better-than-expected profit was due to stronger sales, an improved gross margin, lower operating costs, and a revaluation gain of $ 3.8 million, or $ 0.022 per diluted ADS, from a previous investment in an AI start-up in November 2017.
This was the second revaluation gain we posted for the same investment, with the first profit of $ 2.9 million, or $ 0.017 per diluted ADS, posted in the same period last year.
The decrease compared to the previous year resulted from lower sales and gross margins, which were offset by lower operating costs. Excluding the revaluation gain, our quarterly IFRS loss for the quarter was $ 2.7 million, or $ 0.016 per diluted ADS, compared to a loss of $ 7.2 million or $ 0.042 per diluted ADS in the previous quarter and a gain of 5.6 $ Million, or $ 0.032 per diluted ADS from the same period last year.
Fourth quarter non-IFRS profit was $ 1.5 million or $ 0.009 per diluted ADS compared to a non-IFRS loss of $ 6.9 million or $ 0.04 per diluted ADS last quarter and a non-IFRS profit of $ 8.7 million, or $ 0.05 per diluted ADS, in the same period last year. Non-IFRS earnings per diluted ADS exceeded the previous forecast loss per diluted ADS of approximately $ 0.027 to $ 0.042. The better than expected result was due to the reasons mentioned above.
Excluding the revaluation gains, our quarterly non-IFRS loss was $ 2.2 million, or $ 0.013 per diluted ADS, compared to a non-IFRS loss of $ 6.9 million or $ 0.04 per diluted ADS in last quarter and earnings of $ 5.8 million, or $ 0.033 per diluted ADS period last year.
Let us now give a brief overview of the financial performance for the full year 2019. Revenue was $ 671.8 million in 2019, a 7.2% decrease from 2018. Revenue from drivers for large panel displays was $ 237.3 million, a decrease of 8.9% from that Corresponds to previous year. This corresponds to 35.3% of our total sales compared to 36% in 2018.
Revenue from small and medium-sized drivers was $ 307.4 million, a decrease of 5.6% year over year, which is 45.8% of our total revenue compared to 45% in 2018.
Revenue from non-driver products was $ 127.1 million, a 7.5% decrease from the previous year. This corresponds to 18.9% of our total sales compared to 19% in the previous year. The gross margin in 2019 was 20.5% after 23.3% in 2018. The decrease compared to the previous year is largely due to the erosion of the TDDI-ASP in smartphones, which is due to the increasing competition and significantly more TDDI deliveries for the lower market segment. In addition, our IC business with large panel drivers was affected by an industry-wide oversupply of TV panels and high material costs.
On a positive note, more WLO deliveries in 2019 led to improved capacity utilization at our WLO factory and thus to better gross margins.
Operating costs under IFRS were $ 156.2 million, a decrease of $ 9.3 million, or 5.6%, from a year earlier. The decrease resulted mainly from lower salaries, R&D expenses and share-based payments despite higher depreciation expenses from our new building.
As already mentioned, we did not issue RSUs in 2019 as in previous years, but instead granted stock options to employees. Fourth quarter stock option compensation expense was $ 0.33 million. Operating loss under IFRS was $ 18.3 million, a decrease of $ 21.7 million from 2018 due to lower sales and lower gross margins, which was offset by lower operating costs. For the same reason, the non-IFRS operating loss was $ 16.4 million, a decrease of $ 25.4 million from 2018. Our IFRS loss for the year was $ 13.6 million, or $ 0.079 per diluted ADS for a profit of $ 8.6 million, or $ 0.05 per diluted ADS.
The non-IFRS loss for 2019 was $ 12.1 million, or $ 0.07 per diluted ADS, a decrease of $ 25 million from the previous year.
Turn to the balance sheet. At the end of December 2019, we had cash and cash equivalents of $ 112.1 million and other financial assets, compared to $ 117.7 million at the same time last year and $ 128 million a quarter ago.
We generated operating cash flow of $ 23.4 million in the fourth quarter. However, the cash position was reduced from the previous quarter as we paid $ 33.4 million in unsecured loans and had a CapEx of $ 2.7 million in the quarter.
In addition to the cash position, restricted cash was $ 164 million at the end of the quarter, as in the previous quarter and a year ago. The restricted cash was mainly used to guarantee the secure short-term loans in the same amount. At the end of the fourth quarter, we had unsecured short-term loans of $ 57.3 million, well below the $ 90.6 million a quarter ago.
Our inventory at year end as of December 31, 2019 was $ 143.8 million, compared to $ 167.6 million in the last quarter and $ 162.6 million in the previous year. Trade receivables at the end of December 2019 were $ 164.9 million, compared to $ 157.3 million in the last quarter, compared to $ 189.3 million in the previous year.
Outstanding daily sales at the end of the year were 90 days compared to 95 days a year ago and 86 days at the end of the last quarter.
As highlighted in the last earnings call, we had to keep inventory levels higher in 2018 in response to the lack of capacity at foundries and certain packaging materials. Given the unfavorable market conditions and the relief of the foundry capacities in 2019, we have started to control our inventory since the first quarter of 2019. We believe that the inventory has reached a healthy level. And given the uncertain market conditions, we will monitor our inventory very carefully. Operating cash flow was $ 23.4 million in the fourth quarter compared to $ 2.3 million in the same period last year and $ 24 million in the last quarter.
Operating cash flow was $ 7.7 million in 2019, compared to $ 4 million in 2018. Investments in the fourth quarter were $ 2.7 million, compared to $ 5.2 million in the previous year and 31 $ 2 million last quarter. The vast majority of third quarter CapEx accounted for land acquisition, contraction of a new building, and expansion of WLO capacity.
The investment project was completed in the fourth quarter with a remaining payment of $ 1.5 million. The investment in design tools and R&D related equipment for our traditional IC design business was $ 1.2 million in the fourth quarter, compared to $ 2 million in the third quarter. Total investment for the year was $ 45.9 million, of which $ 7.3 million was for design tools and R&D related equipment. By comparison, capital expenditure for 2018 was $ 49.7 million, including $ 7.6 million for construction tools and R&D related equipment.
As of December 31, 2019, Himax had 172.2 million ADS outstanding, no change from the previous quarter. With total dilution, the total number of outstanding ADS is 172.6 million. In the past, due to the New Year holidays, the first quarter was the season with the lowest sales in terms of season and was reduced sequentially by more than 10%.
At this point, however, based on our current pipeline, we have strong sales in the first quarter, ignoring a seasonal factor. Jordan will discuss this in more detail later. However, the outbreak of corona viruses that is currently taking place in China and around the world is a major source of uncertainty for our business, especially in the short term. We work very closely with our customers and suppliers to minimize the risks.
We've seen some downward revisions to the first quarter forecast over the past week or two, mostly from certain Chinese-based small screen driver and CMOS image sensor customers who are still trying to get their operations back on track.
Our first quarter guidance below took these downward adjustments into account. In comparison, we see relatively little impact from the forecasts of large display customers who demand that our supply will not be interrupted by the incident, since the majority of operations are outside of China.
Our suppliers are largely unaffected by the outbreak of the corona virus. The focus is primarily on logistics management, including customs operations in various ports in China. It should be noted that we are very short-term engaged on both the customer and supplier side and in relation to our own activities in Wuhan and Hubei Province, the epicenter of the outbreak.
The situation is still evolving, in addition to the downward adjustments to the forecasts we've seen. We deliberately expanded and reduced forecasts for the lower end of the quarter to reflect the risks associated with the coronavirus outbreak. For the first quarter, we expect a sequential sales increase of between 1% and 10%, which corresponds to an increase of 8.2% to 7.8% compared to the previous year. The gross margin is expected to increase sequentially by 1% to 2% depending on our final product mix.
Shareholders' IFRS earnings are expected to be in the range of around $ 0.005 to $ 0.018 positive per fully diluted ADS. Non-IFRS profit attributable to shareholders is expected to be in the range of $ 0.002 to $ 0.021 positive per fully diluted ADS. I will now give the floor to Jordan, the company's CEO.
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Jordan Wu, Himax Technologies, Inc. – Founder, CEO, President and Director [4]
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Thanks Jackie. When we launched our third quarter earnings call last November, we were faced with market trends that created headwinds especially for us. At that point, our performance and forecast reflected the challenges we face in our smartphone TDDI business. This was compounded by the lower capacity available in the LCD industry, which had a negative impact on the sales and margins of our display driver ICs.
As a result, our overall sales and prospects were weak. Since then, we have seen a major turnaround in literally all aspects of our business. The trends we see in the first quarter are expected to extend to the second quarter and the rest of 2020.
Despite the uncertainty and the reason for the corona virus, we are confident that in 2020 we will see decent growth for all of our key product categories.
Let us guide you through all of our main business areas. Let's start with the IC Business Update for Large Screen Ads.
For the first quarter, we expect sales of the IC segment for large display drivers to increase sequentially by approximately 10%. Find a strong find or panel price recovery. From the end of the fourth quarter of 2019, the panel manufacturers started to replenish their inventories and increase production.
Our leading Chinese panel customers are particularly active to gain further market share and take advantage of the ongoing restructuring of the Korean panel manufacturers.
As a leading IC provider, Himax is well positioned to benefit from the increased demand from the large Chinese large display players. These market trends, which tend to emerge in the fourth quarter of 2019, are expected to lead to strong first quarter results that will accelerate in 2020. On the supply side, during the last quarter's earnings statement, we reported that Himax and some of our key panel customers have already seen capacity bottlenecks in the foundry for 8-inch silicon wafers for display driver ICs.
In anticipation of this, we have strategically prepared to pack and test our 12-inch foundry that has been reallocated in front of our peers to cover the potential 8-inch capacity shortage. Our coverage for design projects is strong among all leading Chinese panel manufacturers. We see the business prospects for our large display driver for 2020 as very positive.
With a view to technological development, the upcoming 2020 Olympic Games in Tokyo will be broadcast in 8K resolution. Before the event, all top TV brands tried to increase sales for 8K models.
At CES last month, many of these brands presented 8K televisions with Himax technology. Although the spread of 8K TVs is still low, we expect this to be a strategic opportunity for Himax. Because 8K TV sales would increase demand not only for our driver IC, but also for controller content.
Now let me come to the IC business for small and medium screen drivers. Starting with an update of our smartphone segment. Our TDDI product roadmap, new design success with end customers and the advantage of foundry capacity have positioned Himax to gain market share from the first quarter and throughout 2020.
The smartphone market continues to rely on new technologies and tends towards displays with a higher frame rate in order to enable a smoother screen display and a smoother gaming experience. This will drive the adoption of next generation high frame rate TDDI solutions for which Himax is a leading technology provider.
Demand for 5G in China is expected to drive global smartphone growth in 2020, which in turn will stimulate TDDI growth.
All of these trends will benefit Himax. As already mentioned, the small display business, which also includes the smartphone TDDI, will be the most affected by the outbreak of the corona virus in the short term.
Here, too, we work very closely with our customers, but only in our company to meet their short-term needs in the fight against the coronavirus outbreak.
After recovering the corona virus, we are confident that our smartphone TDDI business will grow strongly compared to last year. The price collapse of TDDI that we have seen last year is expected to subside in 2020. This is not only because the new hypermarket products have a higher ASP, but also because of the industry-wide tightening of the functional capacity for TDDI. Reminder: In 2018, the Himax TDDI parts were negatively impacted by a severe capacity bottleneck in the foundry, which meant that we were unable to meet customers' delivery requirements. Although the capacity limit was removed towards the end of 2019. The delay is limited to our ability to participate in key design opportunities that would have driven the business in 2019.
The measures we took to develop them from 2018 to 19 enable an additional qualified foundry partner in front of our colleagues, combined with our superior technology and customer collaboration, and now position Himax in a unique way to prevent any tightening of the whole To benefit from TDDI foundry capacity in 2020.
We are well prepared to meet TDDI's production requirements and continue to plan to build additional capacity this year to take advantage of the strong opportunities for smartphone TDDI and other TDDI applications such as tablets in 2020, a little later.
As expected, our traditional sales of discrete driver ICs for smartphones declined sequentially in the fourth quarter. This was mainly due to the fact that the traditional market for addressable smartphones with discrete driver ICs is quickly being replaced by TDDI and AMOLED.
As already mentioned, an important development on the market is the increased use of the OLED display for smartphones. This is due to the expanded OLED capacity and the increased demand for fingerprint technology under the display, which is currently only available in the AMOLED display.
We are encouraged by the progress we have made in AMOLED product development in close collaboration with leading panel manufacturers across China. We believe that AMOLED driver IC will soon become one of the most important growth drivers for our small panel driver business.
Im Segment Automotive Display steigt die Anzahl der Displays pro Fahrzeug weiter an, da der Gesamtmarkt für Automobildisplays ab 2020 zunehmen wird. Trotzdem wird erwartet, dass die weltweiten Autoverkäufe in diesem Jahr wieder sinken werden.
Noch wichtiger ist, dass sich der Markt für Himax schnell auf eine Reihe neuer Technologien verlagert, darunter eine höhere Auflösung, In-Cell-Touch, ein schmaler Rand, ein riesiger Bildschirm von Säule zu Säule, lokales Dimmen für höheren Kontrast und AMOLED für Kunststoff kostenlos. Formulardesign, die alle zu einer Zunahme der Multisize und der Nachfrage nach Kfz-Display-Treiber-ICs beitragen.
Himax hat mehr als 30% des globalen IC-Marktes für Kfz-Displaytreiber erschlossen und ist der Hauptpartner für die meisten Automobilhersteller weltweit, um die oben genannten neuen Technologien zu ermöglichen.
Es ist erwähnenswert, dass Himax auch der dominierende TDDI-Technologieanbieter für die Automobilindustrie ist und als alleiniger Lieferant an zahlreichen TDDI-Designprojekten verschiedener führender Panelhersteller arbeitet. Während wir für 2020 nur eine geringe Stückzahl erwarten, erwarten wir für das Jahr 2021 ein bedeutendes Volumen an Automobil-TDDI.
Wenden wir uns dem Geschäft mit Tablets und Unterhaltungselektronik zu. Wir gehen davon aus, dass das Tablet-Geschäft für Himax im Jahr 2020 ein wichtiger Wachstumsbereich sein wird, mit einem erheblichen Volumen an Tablet-TDDI-Lieferungen ab dem ersten Quartal. Die starke Dynamik wird sich im zweiten Quartal und im Laufe des Jahres 2020 beschleunigen. Das Geschäftswachstum wird hauptsächlich von führenden Nicht-iOS-Marken und der raschen Einführung der neu entwickelten In-Cell-TDDI-Lösungen angetrieben. In-Cell-TDDI wird aufgrund seiner geringeren Kosten und einer vereinfachten Lieferkette sowie der schnelleren und einfacheren Integration für Displayhersteller schnell zum Mainstream für Tablets.
Gleichzeitig wird erwartet, dass sich die Kundennachfrage nach diesen billigeren, schlankeren, leichteren und eleganteren Tablets beschleunigt. Himax ist derzeit der Hauptpartner für alle In-Cell-TDDI-Produkte für Nicht-iOS-Tablets. Und wir liefern bereits unsere neuen TDDI-Insert-Produkte für Tablets an eine Reihe führender Endkunden, von denen einige aktive Styles enthalten.
Darüber hinaus haben wir den Versand zusätzlicher Display-Treiber-ICs mit COF-Verpackung für größere Tablets fortgesetzt. Wir haben bei einem führenden chinesischen Markenkunden ein schlankes Lünettendesign gesehen und erwarten, dass sich die Dynamik für diese High-End-Designs im Laufe des Jahres 2020 beschleunigt.
Für das erste Quartal wird erwartet, dass der Umsatz für das IC-Geschäft für kleine und mittlere Treiber sequenziell um etwa 10% bis 20% steigen wird.
Lassen Sie mich nun einige der Fortschritte teilen, die wir im letzten Quartal im IC-Geschäft ohne Fahrer erzielt haben. Zunächst zu unserem WLO-Geschäft. Die Lieferungen im vierten Quartal waren sehr stark und stiegen gegenüber dem Vorjahreszeitraum um über 20%, trotz eines leichten Rückgangs gegenüber dem Vorquartal. Die Dynamik führte zu einer höheren Kapazitätsauslastung und trug zusammen mit einer verbesserten Produktionsausbeute zur Steigerung der Bruttomarge der Unternehmen für das Quartal bei. Nach der Versandprognose unserer Kunden erwarten wir ein weiteres starkes Quartal, in dem sich das Versandvolumen im ersten Quartal gegenüber dem Vorjahreszeitraum verdoppeln wird.
Es wird jedoch erwartet, dass das Versandvolumen im vierten Quartal gegenüber dem des letzten Quartals leicht zurückgehen wird. Wir machen weiterhin Fortschritte bei unseren laufenden Forschungs- und Entwicklungsprojekten für Produkte der nächsten Generation, die sich auf unser außergewöhnliches Design-Know-how und unsere Erfahrung in der Massenproduktion in der WLO-Technologie konzentrieren.
Als nächstes folgt ein Update zum 3D-Sensorgeschäft.
Im Smartphone-Segment haben wir unsere WLO-Optiklösung weiterentwickelt, um sowohl strukturiertes Licht als auch Flugzeit- oder ToF-3D-Erfassung abzudecken. Wir haben eine zunehmende Akzeptanz von ToF bei Smartphone-Herstellern für Kameras mit Blick auf die Welt festgestellt, um fortschrittliche Fotografie, Entfernungs- / Dimensionsmessung und Erzeugung von 3D-Tiefeninformationen für AR zu ermöglichen.
In den letzten Monaten haben wir aktiv mit einem branchenführenden Anbieter von ToF-3D-Kameras zusammengearbeitet, um eine neue und fortschrittliche ToF-Lösung für Android-Smartphones zu entwickeln, die auf unserer WLO-Technologie basiert. Wir haben große Fortschritte erzielt, indem wir dem Partner einen Spot-Projektor für sein Referenzdesign zur Verfügung gestellt haben, der bereits im ersten Quartal 2020 für die Bewertung durch führende Android-Smartphone-Hersteller bereit sein wird.
Unsere 3D-Sensor-Aktivitäten ohne Smartphone haben sich auf das intelligente Türschloss konzentriert, die Segmente der industriellen Automobilindustrie, in denen wir eine strukturierte lichtbasierte 3D-Sensor-Gesamtlösung anbieten.
Wir haben eng zusammengearbeitet, hauptsächlich mit zwei Arten von Partnern, die eng mit branchenführendem Know-how im Bereich Gesichtserkennungsalgorithmen und solchen mit Anwendungsprozessen mit starker KI-Fähigkeit verbunden sind.
Wir haben Designprojekte mit mehreren Endkunden für intelligente Türschlösser gestartet. Wie bereits erwähnt, arbeiten wir separat mit Partnern zusammen, die unser 3D-Sensing-Know-how nutzen möchten, um die Effizienz zu verbessern und die Kosten in der traditionellen Fertigung zu senken.
Eine Marktchance, die wir verfolgen, ist die Automatisierung von Schuhfabriken. Ich freue mich, Ihnen mitteilen zu können, dass derzeit Prototypen eines automatischen Roboterzementierungssystems mit 3D-Erkennung für beide Tests zur Produktionsoptimierung verfügbar sind.
Als nächstes auf WiseEye, unserer AI-basierten Smart-Sensing-Lösung mit extrem geringem Stromverbrauch. The demand for battery power smart device with AI intelligent sensing is rapidly growing.
Our total solution is built on Emza's unique AI-based algorithm on top of Himax's proprietary computer vision processor and CMOS image sensor or equipped with ultra-low power design.
Currently, a laptop is the market of focus. Himax WiseEye 2.0 NB solution, provides a laptop-ready 3-in-1 RGB/IR/AI solution. We're expecting privacy, our enhancing security for noble users.
At the CES 2020, the number of notebook OEMs and ODMs demonstrated our WiseEye NB solution in the next-generation premium notebooks with positive feedback.
In addition to notebook, we have also made progress in the display and IoT markets. Innolux, one of the world's BD manufacturers of TFT-LCD displays has integrated the Himax-Emza WiseEye solution into displays to enable consumer privacy protection in real time.
Also, Chicony, one of the leading ODMs in the world and Emza jointly announced a reference design of the world's first battery-powered human sensing solution for IoT in December 2019.
Both Innolux and Chicony showcased their products at the CES. Previously, we mentioned that in addition to total solution, Himax is also able to offer an ultra-low power smart sensing on the basis of individual parts, so as to address the market's different needs and maximizes potential opportunities for Himax.
I will elaborate on this in a CMOS image sensor discussion below.
On CMOS image sensor business update, CMOS image sensor is another critical part of the WiseEye 2.0 NB solution. To support the lean camera design and high-quality image needed for thin bezel laptops, we have made a 2-in-1 sensor that offers the duo capabilities of high-quality HD image capturing and ultra-low power, low resolution visual sensing in 1 single sensor, the industry's first with the first innovative design.
With this sensor, laptop makers can simplify their next-generation product design and save costs by eliminating the need for an additional camera to provide context awareness for better user experience. Our sensor has also incorporated an RGB-IR design to enable Windows "Hello" facial recognition.
These 2-in-1 CMOS sensor is currently available for partners/customers.
In addition, we recently announced the commercial availability of the industry-first, ultra-low power and low latency, backside-illuminated CMOS image sensor solution with autonomous modes of operations for always-on, intelligent video sensing applications such as human presence, detection and tracking, gaze detection, behavioral analysis and pose estimation for growing markets, such as smart home, smart building, healthcare, smartphone and AR/VR devices.
We are collaborating with leading partners within the ecosystem to reduce time to market for intelligent edge region solutions. Notably, we are working closely with Google and have become the reference design for its world-leading TensorFlow Lite AI framework, targeting low-power edge devices.
For the traditional human vision segments, we see strong demands in notebooks where we are one of the market leaders and have experienced increased shipments for multimedia applications such as car recorders, surveillance, drones, home appliances and consumer electronics among others.
Additionally, we have been — we have seen increased shipments and new design wins in the automotive segment, covering before-market solutions, such as surround view and rear-view cameras.
Lastly, on LCOS. We continue to focus on AR goggle devices and head up display or HUDs for automotive. Many of our industry-leading customers have demonstrated their state-of-the-art products, including holographic HUD, AR glasses and LiDAR system, with Himax LCOS technology inside at the 2020 CES with positive market feedbacks.
Our technology leadership and proven manufacturing expertise have made us the preferred partner for customers in these emerging markets and their ongoing engineering projects in AR goggles and HUD for automotive applications.
For non-driver IC business, we expect revenue to decrease by single-digit sequentially in the first quarter. Aside from the WOL sales, which I just mentioned, are expected to be down slightly. The CMOS image sensor sales for multimedia markets have been affected by the coronavirus incident with the operations of many of the customers here are still not back in order. That concludes my report for the quarter. Thank you for your interest in Himax. We appreciate joining today's call and are now ready to take questions.
Questions and Answers
Operator [1]
(Operator Instructions). Our first question comes from Jaeson Schmidt with Lake Street.
Jaeson Allen Min Schmidt, Lake Street Capital Markets, LLC, Research Division – Senior Research Analyst [2]
I just want to start on the TDDI business. It sounds like you're seeing some nice traction, given some pricing tailwinds this year. But outside of that, do you think some of the strength is really being driven by overall market growth or share gains as well?
Jordan Wu, Himax Technologies, Inc. – Founder, CEO, President & Director [3]
Definitely, it is driven primarily by our share gains and the market momentum. Certainly, 5G is going to help. And certainly, that, together with the current — the issue of capacity constraint are also in unique position for having a mature and sizable and ready-to-offer capacity that all these factors combined, I think, is going to add to our strong momentum expected for this year opportunity end.
Jaeson Allen Min Schmidt, Lake Street Capital Markets, LLC, Research Division – Senior Research Analyst [4]
OK. That's helpful. And then just curious if you could comment your thoughts on what channel inventory looks like in the Chinese smartphone market?
Jordan Wu, Himax Technologies, Inc. – Founder, CEO, President & Director [5]
It's a tricky question. You're talking about smartphone, right? Am I correct?
Jaeson Allen Min Schmidt, Lake Street Capital Markets, LLC, Research Division – Senior Research Analyst [6]
Jordan Wu, Himax Technologies, Inc. – Founder, CEO, President & Director [7]
OK. Okay, it's a tricky issue because the coronavirus situation, I think it's making things pretty blurry for us for the time being. Although I think things will get clarified soon. Having said that, though, I mean, the situation is indeed evolving.
I think I would like to probably further elaborate on your question. I think I mentioned earlier in my prepared remarks that we have taken into account overall, let me rephrase it. We have discounted already the impact coming out of the virus into our guidance, right? And so what we've seen, we have counted in our guidance. And on top of that, we have further widened our guidance on the low end just in case because, as I said earlier, it's still evolving. And so you asked me, so effectively how much impact the coronavirus is going to have on our Q1 results. I would say, around 10% or even more of our all sales. And that is primarily coming from small panel, in particular, smartphone. And so the smartphone TDDI impact. Now I'm sure you're all — you are going to wonder why smartphone and why not glass panel?
I think long story short, it is primarily because as many of you know, the larger the panel size, the less likely the panel makers are going to outsource their module assembly to third parties and vice versa. So in the case of TV, it is highly unlikely. Actually, it is — we have not seen that at all that panel makers are outsourcing their module assembly to outsiders. i.e. panel makers are making their modules themselves. And smartphone happens to be the smallest in size in display. So it is the most likely that the module assembly is outsourced to third parties. Some of them are actually designated by end customers.
Now it is the marginal side of the operations, which purchased our ICs, the front end side. So right now, what we're seeing is that a lot of small players specialty module assembly houses who are primarily focusing on smartphone for the reasons I mentioned earlier. They are business because they are smaller in size, their business is not entirely in order, right? They are — some of them, even the boss, all the employees are being effected of the office because of all these constraints created by the various situation. And also, it is a lot more likely to — for such smaller module houses to react quickly to any other changes because IC for small panel size accounts for a larger percentage of the low cost. So they are very sensitive to inventory costs. While a large panel, especially very large TVs, IT accounts for a very small portion of the cost, so there's a concern over there is that they need to make sure that ICs are secured. Otherwise, if they continue to produce sale, which they are doing right now, regardless of the various situation. There will be a fewer shortage when they are ready to ship. So that's the kind of explains why the smartphone is the most severely impacted. And again, I think after discounting about 10% or even more of the impact that we saw over the last 2 weeks also out of the coronavirus situation. We are giving the guidance. And on top of that, we're also widening our lower-end just to accomplish for that certainty. Having said that, though, we believe this is short term situation, although, I don't have a crystal ball, so I don't know how long this so called short-term is going to last. But I — we believe the market is still there. The 5G is still going to take off. And the smartphone, again given our good pipeline, our capacity, our foundry capacity advantage, our design win, et cetera, et cetera. I think, most likely, we are going to see explosive growth in (inaudible), too. So that is already on top of how we indicated around 10% to 20% sequential increase for Q1 expected. That is I think I extended answer to your question, Jaeson.
Jaeson Allen Min Schmidt, Lake Street Capital Markets, LLC, Research Division – Senior Research Analyst [8]
No. That's very helpful. I appreciate that color. And then just last 1 for me, and I'll jump back in the queue. You expecting some pretty nice gross margin net expansion here in Q1 — sorry, 22% at the midpoint of guidance. Should we assume that, that is the low watermark for the year? Do you still expect gross margin to expand as we progress throughout 2020?
Jordan Wu, Himax Technologies, Inc. – Founder, CEO, President & Director [9]
I certainly believe so. We expect in 2020, the gross margin to further improve because both smartphone, small size and all the last size from the capacity are both facing constraint. I mentioned again and again earlier in my prepared remarks. So that is going to provide a good price support.
And also, specifically, for example, TDDI new products, we're going to ensure better ASP, non drivers such as (inaudible), for example, where actually, it's — we could say the penetration is low for 8K TV, but we do have a major major market position, EBIT really going to take off, right? So again, that is high ASP and high margin. So other loan driver products as well are going to enjoy whether as a SPL margin. So I think we have a strong level of confidence that 2019 gross margins is ordinarily well. And we certainly expect a good rebound from that in 2020.
Operator [10]
(Operator Instructions). Our next question comes from Suji Desilva with Roth Capital.
Sujeeva Desilva, Roth Capital Partners, LLC, Research Division – MD & Senior Research Analyst [11]
Congratulations for progress here. The TDDI market, it seems like it's a tight supply and firm pricing. How many quarters do you think that situation can persist before a pricing competition resumes competitively?
Jordan Wu, Himax Technologies, Inc. – Founder, CEO, President & Director [12]
Well, I think right now, what we're seeing is the customers and customers included very anxious about capacity access. So unlike, this is a very, very different situation from none of us here. So I mean, fair enough, we got this virus situation. But I think overall, again, we believe the total market size are not going to — there could be some small haircuts, although TDDI this year was continuing to grow within the year. So we don't think — we think TDDI share of market is going to further grow this year, and that is going to make the situation tightening situation. A real issue for both our direct customers and end customers. So I think in this year.
Sujeeva Desilva, Roth Capital Partners, LLC, Research Division – MD & Senior Research Analyst [13]
OK. That's helpful, Jordan. And then the large panel, clearly, the China panel makers are gaining some share from [great], Can you get a sense of how much of the market is transitioning over? And then how much is Himax's share go to China panel makers?
Jordan Wu, Himax Technologies, Inc. – Founder, CEO, President & Director [14]
We — for a large display driver pieces, vast majority of our I think effect share breakdown right now. I mean, I would say, probably more than happy to say about driver IC for large panel is coming from Chinese customers. And by the way, we are — I think we are pretty — we are #1 or equal #1 in China with a pretty decent market share.
And in terms of how much China is going to get from the Korean restructuring. I guess, it's harder to predict this year, even though I don't think I can give you, I can share some insights from 2019 against 2018. If you look at the cost output — cost area output distribution, in 2018, Korea had about 32%, while China had 35% right? So it's 32% against 35% in 2018. While in 2019, the margin already widened to 28% against 43% or 44%. And I think the gap is expected to continue to widen further for 2019. So I think it is safe to say that in 2019, China is going to comment half or more than half of the global gross output for large panel. So that's pretty significant.
Sujeeva Desilva, Roth Capital Partners, LLC, Research Division – MD & Senior Research Analyst [15]
Yes. So quite a move. Okay, great. And then my last question is on non-driver and WLO, if your lead customer here. Is there an opportunity for content gain, given competitive capacity challenges or is that something where that's still expected to be phased out over time?
Jordan Wu, Himax Technologies, Inc. – Founder, CEO, President & Director [16]
I think I cannot elaborate too much on this, given the obvious reason, I can only say that right now, we are providing to our anchor customer. We are the sole source. And also, we are working on further projects. Some of them maybe will be bigger in size compared to current project. And I cannot indicate precisely, exactly when the new project is going to sum up cost rationale. I think I just have to keep updating you guys in due course.
Operator [17]
And I'm not showing any further questions at this time.
Jordan Wu, Himax Technologies, Inc. – Founder, CEO, President & Director [18]
Any more questions from the floor? Without more questions, as a final note, Jackie, our CFO, will maintain investor marketing activities and continue to attend investor conferences. We'll announce the details as they caught up. Thank you, and have a nice day.
Operator [19]
Ladies and gentlemen, this concludes today's conference call. Thank you for your participation. You may now disconnect.


text:
Search found 1 match
Search found 1 match • Page 1 of 1
- Tue Sep 30, 2014 8:45 pm
- Forum: Reader Projects
- Topic: Light Appliance
- Replies: 1
- Views: 3111
Light Appliance
I have built this project - works great! I also incorporated the Life game from the previous article on this particular display. I can provide the updated files if anyone is interested. I did notice, at least on my board, that after a number of generations my Life pattern would repeat on a cycle mor...
Search found 1 match • Page 1 of 1

subset: commoncrawl


text:
Service personnel of the 18th detached helicopter unit of the United Nations Organization Stabilization Mission in the Democratic Republic of the Congo fulfil tasks assigned.
The total flight time of the Ukrainian pilots exceeds 2,000 hours.
"Over the past two-three months we have had a lot of work in the southern part of the country where one of aviation groups of the Ukrainian national contingent is deployed. We airlift the UN Mission personnel and goods and equipment, and execute redeployment of troops," Deputy Commander LTC Yevhen Vakulenko said.
According to Unit Commander Col. Yurii Verbelchuk, the leaders of UN mission have sent a letter of gratitude to Ukraine to thank for combat readiness of the unit and professionalism of the Ukrainian team.


text:
Tackling COVID-19: Support sought from former MPs
By W.K. Prasad Manju
Prime Minister Mahinda Rajapaksa stressed that the Government will seek the support of all leaders of political parties in the former Parliament to tackle the COVID-19 pandemic.
He took this decision following a discussion with political party leaders on 24 March at Temple Trees.
The PM's Office will meet political party leaders personally in the coming days before taking measures to tackle the spread.
Most party leaders expressed their satisfaction with measures taken by the Government to bring the present situation under control and had assured their cooperation for future efforts as well.
Among other issues discussed had been implementing a system to provide essential food stocks to the public by personally visiting homes and to allow tea factories to function as normal as well as to permit wholesale traders to operate in spite of the curfew.
The Premier stressed that essential food stocks had been supplied to the Cooperative stores and Sathosa outlets to maintain the chain sans a break.
Speaking at this discussion, UNP Leader, Ranil Wickremesinghe had urged the Government to maintain the ongoing curfew indefinitely if it helps to effectively curb the spread of the virus.
Meanwhile, some former Parliamentarians were of the view that instead of convening Parliament, it would be beneficial if a national plan could be formulated to tackle the pandemic taking the suggestions of party leaders.


text:
One day down on the farm, Duck got a wild idea. "I bet I could ride a bike," he thought. He waddled over to where the boy parked his bike, climbed on and began to ride. At first, he rode slowly and he wobbled a lot, but it was fun! Duck rode past Cow and waved to her. "Hello, Cow!" said Duck. "Moo," said Cow. But what she thought was, "A duck on a bike? That's the silliest thing I've ever seen!"
And so Duck rides past sheep, horse, and all the other barnyard animals. Suddenly, a group of kids ride by on their bikes and run into the farmhouse, leaving the bikes outside. Now ALL the animals can ride bikes, just like Duck!
MyGreatestChild's Review
David Shannon's Duck on a Bike is hilarious. A duck on a farm is staring at a bike. "I bet I could ride a bike," he thought. He was wobbly at first but eventually got pretty good. He kept driving by different animals on the farm. Some were jealous. Some told him to be careful. Some were impressed. Then, several kids came storming in on their bikes and parked them outside the house to visit. All of the animals then praised Duck for his awesome idea as all the farm animals started riding bikes.
The illustrations are beautiful. It is a fun book and will make a great read-aloud. Great for children from 3 onwards.


text:
6 Early-Warning Signs of Anal-Cancer Everyone is TOO Embarrassed to Talk About!
In the last couple of decades, both in the medical community and cancer of the media has become very present, especially because of its aggressive and very difficult to treat symptoms. However, because of where it is and its taboo status among the population of anal cancer is a form of cancer that is usually overlooked.
At the opening of the rectum begins anal cancer, also known as the anus and is not very common. Usually it overlooked and people may experience some of the symptoms associated with this type of cancer is uncomfortable to discuss with your doctor because this type of cancer is mostly associated with dirt or sex.
Anal cancer is different from colorectal cancer. Throughout the rectum and large intestine has an effect of colorectal cancer and anal cancer only affects the opening of the rectum.
with anal cancer each year, about 8,000 Americans get diagnosed and an estimated 1,000 of them are likely to die. After its spread to lymph nodes near one of every four people with anal cancer is diagnosed and one in ten people suffer is diagnosed when it has spread to other organs. The number of people suffering from anal cancer is increasing steadily although not as common as colorectal, cancer of the colon or rectum and the reason for this may be that is not treated in its early stages.
Symptoms of anal cancer
to detect anal cancer in its early stages is very important, however, it can be difficult because symptoms are not always present. However, there are a number of symptoms if the cancer progresses, including:
- Itching in the anus
- Tenderness or pain in the anus
- unusual bowel movements
- Anal bleeding
- unusual discharge from the anus
- Presence of a hard area or a lump near the anus
is not specific in most cases causes anal cancer, but some of the factors contributing to compromised immune system, smoking, anus and irritation are common. The age group most affected are adults older than 60 years. Also likely to develop colon cancer are men under 35 and women over 60 years old
How to detect cancer in its early stage
If the chances of successfully overcoming cancer are higher is detected in the early stages. There are a number of procedures that can be done that can detect cancer, including:
digital rectal exam :. For any abnormality and lumps a doctor examines the anal cavity with your fingers after putting a lubricated glove during this test
Anoscopy : In order to get a fuller look inside the anus during this test, the doctor places an anoscope, which is a small tubular instrument into his anus. If the doctor finds something during the digital rectal exam this test is carried out usually.
PET scans, MRIs, CT scans, X-rays, ultrasounds and biopsy procedures are commonly used for the detection of anal cancer. However, there are a number of people who claim they can cause or spread cancer and found these controversial tests.


text:
Things You'll Need:
- Computer with internet access and a web browser
Begin by going to a free translation web site, such as Google's language tools, or freetranslation.com. Look for a link that says something along the lines of "web translator" or "web site translator."
Select the language you want to "translate". You should select that you are translating from a foreign language into English. English words on the website will remain in English, so you are basically making use of the translation engine without changing any of the words.
Type in the URL of the web site that has been blocked by your school and click the translate button.
You will arrive on a page that has the translation tools in a frame on the top of the page, with the blocked site appearing in the frame below it. Since your school's Internet connection thinks you are surfing on the translation site, which could be a perfectly normal activity at school, you will not be blocked and have complete access to the website you wanted to unblock.
Begin by visiting a web site that provides URL redirection services. Two popular sites are tinyurl.com and shorturl.com, but you can easily find others by conducting a keyword search.
Type in a new URL that will be your secret web address to get to the site that has been blocked.
The system will check to see if your desired URL is available. If so, you may claim it to use.
Fill out the required information about yourself (in case you ever want to edit your link) and the blocked site that you are trying to get access to.
You will be offered a premium account, which costs money. Select the basic account, which is free, and you should now be able to access the blocked site by typing in your private URL. Since the school's Internet connection thinks you are on the redirection service's web site, you should be able to access the blocked web site without problem.
Begin by finding a free web proxy. Any internet search engine can direct you to an infinite number of proxy web sites. Systems Administrators add proxy sites to their block sites list all the time, but there are always new proxies opening, so there will never be a short supply.
After you have located a free web proxy, simply type the URL of the blocked site you wish to visit into the proxy's address bar and click go.
The proxy will load a new page consisting of two frames. The top frame contains the proxy site's address bar, in case you want to surf to a different site. The bottom frame contains the web site that was blocked. Unless the administrator has blocked this particular web proxy, you should be able to successful bypass the block using this method.


text:
Prof. Dr. Gerhard Grübel
Principal Investigator
Hasylab, DESY
Website: https://photon-science.desy.de/research/research_teams/coherent_x_ray_scattering/index_eng.html
Project B3
The magnetization of materials can be switched on sub-picosecond timescales by ultra-short light pulses. In project B3 we want to spatially resolve the process of ultrafast switching in 3d model spin systems on the nanometre lengthscale and deduce wavevector resolved relaxation times via resonant magnetic X-ray scattering of short-pulse Free Electron Laser (FEL) radiation. Coherent sub-100 fs FEL pulses will allow us to analyze the scattering in terms of higher order correlation functions and thus to unravel also local (transient) symmetries and correlations which will enable us to understand and control the switching of miniscule magnetic domains.


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Anyway, what it boils down to is most of the time when I'm riding I ride with the light on low (10 hours of use) to conserve battery, I only crank it up to high (2 hours of use) when things are super sketchy or long fast sections. You can toggle between the modes with out fear of accidentally shutting the light off or turning it into an EDM party.
But yes, definitely planning on doing some night riding out back as that frosty bitch Mother Nature robs more and more precious vitamin D from us.
I went to MMI I know what Im doing here chief


text:
The ideal working environment for modeling chocolate is a cool, 65°F (18°C), dry room with clean surfaces and equipment. Do not work directly in sunlight. Minimize contact with moisture and humidity. The optimal tabletop is clean, smooth, and made from a stone that retains cool temperatures such as marble, glass, or granite. Stainless steel or laminate counter tops are adequate. Avoid wood, whose grain is too porous.
Rolling and Cutting Tools
The following seven items are the most commonly used in rolled modeling chocolate craft:
B. Plastic Rolling Pins
C. Blush Brush – for dusting chocolate with corn starch
D. Corn Starch – to prevent sticking
E. Mini roller cutter
F. Craft utility knife
G. Pasta machine
Plunger Cutters
Plunger cutters are more efficient than traditional cutters at producing shapes and decorations.
A. Blossom Plunger Cutters
B. Square Plunger Cutters
C. Round Plunger Cutters
Cutters, Veiners, and Formers
For cutting and adding texture to rolled modeling chocolate decorations.
2. Curved Leaf Cutters
3. Droplet Cutters
4. Five Petal Cutter, Plastic
5. Large Sphere Veiner, Double-Sided
6. Square Cutter Set
7. Round Cutter Set
8. Five-Petal Flower Veiner, Double-Sided
9. Foam Shaping Mat
10. Flower Forming Cups
Silicone Molds
These formers are the best for storing rolled modeling chocolate flowers and decorations because they are nonstick and bendy in a way that makes it easy to release shapes. They can also be used for a myriad of other confectionery molding and baking techniques.
2. Medium Silicone Mold
3. Small Silicone Mold
New to Wicked Goodies? Start *HERE*


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text:
0.1 kg
In stock
Warning: Last items in stock!
Availability date:
Nozzle aluminum for series ak
length 20,67mm
with o-ring seal for marui compatible
No customer reviews for the moment.
mar 31, 2020CLOSING OF THE HOLIDAY 1st OCTOBER 2019
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text:
Tools of the Artist (Adze and Mauls)
by Joe David
by Ken McNeil
"Formline Rhythm" Paragon Guitar
by Shawn Hunt
(1977- )
Dean Hunt is a Heiltsuk artist from Waglisla (Bella Bella) BC. He is the son of Heiltsuk artist, J. Bradley Hunt and the younger brother of Shawn Hunt.
© 2020 Spirit Wrestler Gallery. All Rights Reserved.


text:
To those that say "just close", understand we have a legal obligation a duty of care. We also made an oath to do no harm. CDO must shut us down so all emergencies can be dealt with in regional hubs preserving vital masks and visors.]]>
Some literature has said there are two strains, S and L, but read this:
While it is my understanding that mutations don't necessarily mean much, they can.
This is a new virus.]]>


text:
Product 316/342
This fits your .
How To Use First please remove other wireless mouse on your computer. Then connect nano receiver, at last put the battery in the mouse. It will work Tiny Receiver: It's so small you can plug it into a USB port and forget about it. Plug&Play Simplicity: No software, no hassles-you simply plug in the tiny nano receiver and start using your mouse right away Feel-good Factor: The contoured design feels good in right hand and offers more comfort than a touchpad. 3 adjustable DPI levels Default DPI is 1200, press left and right button at the same time for 3 seconds, change DPI between 800/1200/1600 Energy saving Have a sleep function to save battery. Just click to bring it back to life Specifications: - Size: 100x58x35mm - Lifelong Clicks: about 15 Million - Battery Type: 1 AA (NOT included) - Support: Windows 10,Win 8,Win 7,Vista,XP,MAC,LINUX Package Contains: 1 x Mouse 1 x Nano Receiver Battery NOT includedWarranty: 30 day hassle-free money back guarantee 12-months Warranty
Wireless Mouse Norche 2.4Ghz Mobile Ergonomic Optical Mice with Nano USB Receiver for Laptop PC Computer Macbook Notebook 18 Months Battery Life 3 DPI Adjustment Levels - B071W6GR4J


text:
Licensed Practical Nurse LPN
- Company:
- Saratoga Schenectady Gastroenterology Associates
- Job Type:
- Full Time
- Posted Date:
- Sep. 3rd 2020
- Location(s):
- Burnt Hills, NY 12027
Job Description
Exciting Opportunity with a Growing Practice!
Come join an exciting and fast paced organization. SSGA is one of the leading Gastroenterology practices in the area. We strive for excellent service in a compassionate manner. Since 1971, our practice has expanded to twelve physicians and six mid-level practitioners including a state of the art Endoscopy Center.
We are currently recruiting for a LPN to help support our Triage Department.
You must be energetic and professional with experience in a Medical Office. If you are passionate about your work and have complete dedication and determination to meet and exceed the needs of our patients, this is the place for you!!
This is a full time Monday-Friday position.
- Process prescription refills
- Mail/communicate normal test results to patients
- Document all patient communications
- Answer questions from patients regarding preps
- High school diploma required
- 2-5 years of experience as a Medical Secretary, Medical Assistant, and/or LPN required
- LPN Certification required
- Medical Office Experience is required
- Knowledge of EMR software required
- Strong Computer skills
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- Excellent interpersonal, written and verbal communication skills
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- Ability to multitask and prioritize
We offer a competitive salary and comprehensive benefits package including paid vacation, personal, and holidays, medical and dental insurance, 401K with match and Profit Sharing plan.
For consideration, submit your resume and references with cover letter and salary requirements
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Fax: 518.399.7585
Email: email@example.com
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- Alicia Xyrakis
Cheats "Pull Apart" Baklava
Updated: Apr 1
I love making this baklava for dinner parties as I can prepare it the day ahead; trust me it tastes even better on the second day once the syrup has had a chance to soak into the nuts and pastry. This recipe was born out of an immense desire to make baklava, but not being bothered to do it the traditional way; as I find it to be a lot of work, plus we can never get through that much baklava.
This version is a lot lighter than a traditional baklava as its made with fewer layers of pastry and butter. I also opted for coconut sugar in the honey syrup mix as its lower GI and a slightly better for you option. The addition of citrus in the syrup balances it all up deliciously and makes it dangerously easy to eat.
1/2 cup pistachios (Can also use walnuts, cashews, almonds or any desirec mixture)
1/2 teaspoon cinnamon
1/2 cup butter (1 stick)
1/2 packet filo pastry
For the syrup
1/2 cup coconut sugar (or normal sugar is fine too)
1/2 cup mild honey
1 cup water
1 Orange
1 Lemon
You will also need;
Round baking tin (or square, it doesn't really matter)
basting brush
small pot
chopping board
Preheat oven to 180 degrees Celsius 350 Fahrenheit
Prepare the syrup
Note* Prepare the syrup before you make the pastry as you need to allow time for it to cool. Make sure you pour room temperature syrup over the hot baklava, not the other way around.
In a small pot add the sugar, honey, water, zest of the one lemon, zest of one orange and juice of 1/2 a lemon and 1/2 an orange.
Place on the stove on medium heat and stir until sugar is dissolved. Bring to a gentle boil. Turn stove down and let simmer for about 10 minutes; stir regularly, scraping down the sides of the pot to make sure it doesn't crystallise. The syrup should reduce and thicken. You don't want it to thicken too much as it will continue to do so as it cools. Take off heat and cool to room temperature.
Cut the role of filo pastry in half (cross ways). Place half back in the freezer to use for next time and leave half out to defrost.
Roughly crush or chop nuts, place in a bowl and mix in 1/2 teaspoon of cinnamon.
Unroll the filo pastry and cut in half again to make square-ish shape sheets.
Note* You want to work quickly with the pastry to make sure it doesn't dry out. To stop it from drying out. cover it with a sheet of plastic (the one the pastry is wrapped in when you buy it) and then a damp cloth or paper towel on top.
Melt the butter in the microwave for 30 seconds
Lightly grease the baking tin with butter
Grab 1 square sheet of pastry and brush with melted butter (don't be stingy but also don't drown it). Layer second sheet of pastry and brush with melted butter, layer third sheet of pastry and brush with melted butter.
Pinch sides of the pastry in together to create concertina like folds. Bring the ends around to fold into each other, creating little bundles or rose like shapes. Place in baking tray
Repeat above steps until you have filled the baking tray with one layer of these little free form pastry circles.
Sprinkle 2/3 of the nut mix over the pastry. Make sure you get it in all the little crevices.
With the remaining pastry, repeat the previous steps but this time with only 2 sheets of pastry layered on top of each other.. Get creative here as you layer on another level of pastry. I like to tear or cut the pastry into thick ribbons and do swirly shapes until I have covered the whole bottom layer. It also depends on how much pastry I have left and what I need to do to make sure the bottom layer is covered.
Bake in the oven for 20 minutes or until light gold in colour. Oven temperatures do vary, so keep an eye on it and gauge readiness by its colour.
Remove from oven and sprinkle over remaining nut mix. Return to the oven for another 15 minutes or until deep gold in colour.
Remove from oven and slowly pour the cooled syrup over the entire baklava, making sure it gets into all the nooks and crannies. Let cool…
And Voila!
Tear apart pieces and enjoy on its own or served with vanilla ice cream, because everything is better with ice cream!
Best served the following day when the syrup has had a chance to soak in to the nut mixture.


text:
By: Carrie Buchanan
Just what the world needs.
James Corden and the Muppets – singing a cover of the Beatles "With a Little Help From My Friends".
So much happiness felt from watching Kermit, Miss Piggy, Fozzie, Animal and other muppet favourites singing their hearts out.
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Medical Malpractice
An error or negligence on the part of a doctor, nurse, or healthcare practitioner at the time of birth can result in a birth injury. Victims often are eligible to file a lawsuit against the responsible parties. If your child has sustained a birth injury due to a medical mistake, negligence, or malpractice, the attorneys at Balkin & Eisbrouch can help you achieve compensation.
Birth Injury Malpractice Lawsuit
Medical malpractice is more likely to occur during difficult deliveries that cause fetal distress. Such situations include:
- Shoulder Dystocia
- Pitocin induced birth injury
- Vaginal Birth After Cesarean (VBAC)
- C-Section mistakes
- Umbilical cord problems
- Erb's Palsy or Brachial Plexus Injury
- Hypoxic Ischemic Encephalopathy (HIE)
- Cerebral Palsy
- Brain damage
- Bone fracture
- Asphyxia
Talk to a medical malpractice lawyer
Balkin & Eisbrouch have decades of experience litigating medical negligence claims. Through the years, we have achieved large cash awards and settlements on behalf of countless innocent vicims. Our unparalleled team of medical experts and legal professionals have a deep understanding of the requisite standards in medical care and believe that when those standards are not met, liable parties must pay.
Do you believe your baby was the victim of medical malpractice that resulted in a birth injury? If so, you may be entitled to compensation for the pain, suffering, and medical expenses that accompany such a tragic event.
Contact an attorney at Balkin & Eisbrouch to discuss your case today. The consultation is free and you pay nothing unless you win your case.


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Chapter 2 - Part 3: Speranza, Pgs 43-44
posted 7th Jun 2020, 1:03 PM
author comments
7th Jun 2020, 1:03 PM
"My Palace is my cradle. My Palace is my tomb."
--King Armando Oberto
Technical difficulties made it incredibly impractical to try and finish what i intended. This will have to do.
end of message
user comments
10th Jun 2020, 1:13 PM
end of message


text:
It may be somewhat of a cliché, but you need to consider the end before the beginning. Before you sign on to a new commercial lease, you should establish a viable exit strategy.
Office space undergoes significant wear and tear, especially for long-term leases. Tenants need not commit to giving back their office space in the same condition they entered it. Avoid clauses requiring return in "good" condition, without considering any natural depreciation over the years.
A new contingency is now prevalent: a request to remove all cabling and IT infrastructure prior to vacating the premises. If previous tenants left cabling behind, you could end up paying to clean up their mess.
Finally, commercial tenants should be aware of clauses requiring them to pay a significant holdover penalty, up to 200 percent of their last month's rent, should they remain beyond the expiration date of their lease. Tenants should try to negotiate that down to 150 percent applicable for a month of two before it increases to a higher number.
While many tenants think of their new headquarters as a permanent home, things change. The economy rises and falls. New technological developments can make even the most secure business obsolete.
A wise tenant understands that nothing lasts forever and plans an exit strategy before an entrance.


text:
Our workshop is open and we are making and engraving as usual, although the office will sometimes be working shorter hours than normal.
Please email firstname.lastname@example.com with any further enquiries.
Beautiful quality sterling silver chains, available in a variety of lengths from 13 inches to 28 inches.
Our classic silver trace chain has three adjustable lengths and is ideal for slightly finer pendants. Our silver curb chain is substantially more weighted and comes as one fixed length.
All our silver chains are delivered to you in our Hersey & Son Silversmiths gift box with a care card and complimentary silver cleaning cloth.
95% of our pieces can be engraved


text:
The rainfalls have ceased as well as the plants are all environment-friendly. The sunshine radiates vivid and also in some properties, the roofing has once more started to leakage, similar to in 2014. It is an opportunity to take a looked at selection. Whether to embrace a roof covering substitute? It is a difficult choice, both coming from the amount of time at the same time coming from a financial viewpoint. You have called your roofer, and also he arrives for an additional cycle of examination. His verdict is still the same. He recommends that you must embrace a rooftop substitute and also roof repair service is certainly not a possibility right now as the little leakages which existed in 2015 have ended up being larges spots on the wall surface, as well as they could quickly cause architectural harm to your house. You choose to adopt a consultation. You attempt as well as speak to yet another roofing contractor as well as he additionally creates the same idea.
Shelter – USA – Brooklyn Park Roofing Company MN
There is an attend every home's lifetime when it calls for a roof covering substitute. Hing on the preliminary roof replacement for your home, the routine maintenance in the course of the lifestyle of the roofing, and also the outside weather, the roof covering calls for roof repair work along with substitute. There are particular reckon story indications that signify that a rooftop calls for replacement. They are actually as adheres to:
- Grow older of the rooftop. The typical everyday life of a roofing system is roughly 15 years relying on the upkeep of the roofing system. Hereafter, opportunity, there are routine scenarios of cracks and also torn flashings stated in any roofing.
- Overlooking or even torn roof shingles. If the variety of missing out on ceramic tiles as well as roof shingles in a home are massive, at that point, it is our own most excellent to switch out the roof covering, instead of embracing a fixing.
- Problem of indoor wall structures touching the roofing system. The health condition of the wall structures touching the roof covering is a visible sign of the moment needed for the rooftop to become substituted. Just in case there is a reduction of coating, or even dampness signs on the wall structures showing the infiltration of water, after that, its opportunity for the roofing system to go through first roof repair work.
- Harsh climate has left open a portion of your home from scratch, and also, a condition has happened where a small spot is going to certainly not aid ask for a roofing system substitute. The significant root cause of sped up roofing wear and tear is its direct exposure to reduced as well as extended snowfall, hailstorm, rainfalls, and also straight sunlight. In a position where anyone or even a mixture of these is discovered, the lifestyle of a roofing system is tiny.
Besides the sources discussed over, there are a couple of various other main reasons which can cause a scenario where the roof covering needs to be substituted. These feature a damaged style at first, the inferior product being utilized while creating the roofing, as well as various other exterior variables.
The choice to become taken when choosing a rooftop substitute needs to be a calculated one. It is going to include a mindful option among a wide variety of aspects. They should consist of a budget plan, an opportunity available, need of a temporary home, climate condition, and so on. The moment the amount of time shows up, it is better to embrace the substitute without more hold-up as the hold-up may harm the various other aspects of your home, besides you sustaining extra reduction. Listen coming from a seasoned roofing company and also bring in a valid deal. Guarantee that a suitable insurance policy cover is additionally offered. All these measures are going to take you a very long way in being sure that the roofing over your scalp is actually a perfect one and also lasts you several years.


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How to cite correctly in a bachelor's or master's thesis?
Many students believe that the basis of a bachelor's or master's thesis is their own thoughts, thoughts, ideas. But the opposite is true. Quality and well-written work is still recognized by us based on whether the quotations and paraphrases are used correctly. So, before you decide to contribute to the text with your own insights and ideas, make sure your idea is not described in a book or monograph by a scientist or professor.
What is a quote?
In simplicity – this is a literal transcription of a thought that has a precisely specified source that can be traced back easily. Above all, we quote the relevant opinion of a person in the field who has some professional and scientific value. Quotation has its fixed rules that apply to all universities. At the same time, schools also list them on their website.
One of the main principles of quotation at work is the binding sequence of bibliographic data, and of course, throughout the publication, citations must be given identically.
How to quote correctly?
The quotation always starts with the author's surname, which is written in capital letters. If quotes have several authors, be sure to separate them with dashes. The last name is followed by the name, which is given by default (first letter uppercase, other lowercase) and year of publication.
The following is the title of the book, work or publication. If the title of the thesis is in a different language, because we used an English book in the bachelor's or master's thesis, for example, in brackets its name can be given in the translation. However, this does not apply if we cite an already translated publication. The name is usually typified in slanted letters. If the book has a subtitle, attach it as well.
The following is the order of issue, place of publication and publisher. Finally, the number of pages, editions and ISBNs are mentioned. If you are quoting from a magazine, the ISSN is given instead, in the case of digital objects, DOI. This applies when data are available. Sometimes it happens in older publications that the book does not contain an ISBN or an internet resource does not mention DOI.
Quotes with other bachelor, master, rigorous and research papers
Have you decided to quote an older colleague or some school research? Why not? Quoting from professional works looks almost the same as quotes from books, but the amount of information reported is smaller.
So start with the author's surname and first name, followed by the year of publication and the title of the publication or work. Remember to include a possible subtitle. The subtitle is usually given the type of final thesis, specifying its direction.
The title is followed by the place of issue (filing institution), the year of issue and the total number of standard pages.
Magazine posts
Many experts are regularly publishing in proceedings and journals. If you decide to quote his statement, start with the surname (large printed letters) and the full name of the author. This is followed by the year of publication and the title of the paper. After the name, specify the year, year, volume number and range of pages (classic from – to). Finally, please provide the ISSN.
If you choose to quote from an article from the Internet, an electronic collection or a contribution, first give the surname, then the author's name, the year of publication, and the title of the contribution, along with the subtitle, edition, and secondary responsibility for the source document.
Then indicate the place of publication and publisher, year of issue, numeracy and range of pages. The following is the date of the update (quote day – month – year), title of the edition, volume number, availability and access. In the end, please indicate the ISSN or ISBN.
What else can you quote?
In addition to books, publications or articles, you can quote norms and laws, patent laws, internal and unpublished documents, lectures, specifically chapters in publications, monographs, or habilitation papers.
You do not have to worry and combine quotes from different sources, but always make sure that the quoted data is written correctly and that the text is appropriately added.


text:
NorthWood Gridiron Star Named State's Top Scholar Athlete
NAPPANEE — NorthWood High School senior Drew Minnich added another award to his storied athletic career at a ceremony held in Indianapolis Thursday night. The IndyStar Indiana Sports Award Ceremony, held at iconic Clowes Hall on the campus of Butler University, was headlined by recently retired Indianapolis Colts punter Pat McAfee.
Minnich, the son of Darren and Lisa Minnich, was named the IndyStar's Indiana Scholar Athlete of the Year during the ceremony. According to NorthWood High School Athletic Director Norm Sellers, Minnich's nomination came as a result of his being named the Phil N. Eskew Mental Attitude Award following the football team's 4A state runner-up finish concluding the 2016 season. Sellers said that Minnich was chosen as one of three finalists from across the state prior to his winning the award.
Minnich, who also stars on the NorthWood varsity baseball diamond, plans to continue his academic and athletic career next year as a member of the Cedarville (Ohio) University baseball team.
Among his accomplishments at NorthWood, Minnich has been a four-year NorthWood scholar athlete, maintaining a 4.0 grade point average. Among other athletic honors, he also has earned;All NLC recognition in both baseball and football during his athletic career.


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The group alleged that the APC leader and the two governors were allegedly using the names of President Muhammadu Buhari to intimidate the Justices to jettison the supremacy of the Constitution and find any way to give a favourable judgement to Gboyega Oyetola, the candidate of the All Progressives Congress, APC.
This claim was contained in a statement issued to DAILY POST, not TheNigeriaLawyer on Wednesday in Abuja and signed by its Coordinator, Mallam Shuaibu Adamu.
READ ALSO : Anambra rids Nnewi of beggars
The statement added that the APC leader and the 2 governors went bullish and desperate when they couldn't get President Buhari to give explicit support to his quest to influence the Supreme court.
"They went to falsely quote that the President has directed the Justices to do their bid and forget any matter of constitution by endorsing Oyetola as Governor.
"We are aware of an evil plot to truncate justice in the case of Osun state Governorship Appeal before the Supreme Court.
"We want to alert President Muhammadu Buhari that the APC leader and the two governors are using his name and office to harass and compel Supreme Justices to rule in their favour.
"This is happening right now and we want the President to know and act quickly before further damage and utter destruction is done to the Judiciary.
"From last night till now, the APC leader has been running helter skelter with both promises of Billions as well as threats of severe consequences against Justices who do not agree.
"We know authoritatively that President Buhari has told Justice Tanko that the law should take its cause on Osun. We know that Justice Tanko has vowed to allow Justice to prevail.
"That was why he is dropping Mr President's name. We urge the justices to remain steadfast. The whole world knows what happened in Osun was a rape of democracy and an affront to the Constitution of the Federal republic of Nigeria.
READ ALSO : National Loot Service: Facilities At Nysc Camps Gradually Transforming Into An Eyesore Despite Over N70 Billion Allocated To The Scheme Annually
"The UK, US and EU all condemned the election especially the established voter harassments and disenfranchisement that characterized it.
"We affirm to the Justices that ruling on facts and supremacy of the constitution is the right and conscionable path of honour and posterity will judge them as bold and courageous standing for equity and justice.
"We are interested in this matter because it is a stain on the nation's democratic credential.We need to clean it up by allowing the truth and the constitution to prevail.
"Mr President also agreed to this line of thought and that was why he has directed the Supreme Court to follow the law and their convictions. We won't stand by and allow the APC leader to rubbish our country any further.
"We plan to present a protest letter to the Presidency and the Chief Justice of Nigeria on this matter," the group declared.
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text:
Mayweather vs McGregor fight 2017 preview and details info
Floyd Mayweather and Conor McGregor's verbal fight is around for now and a focus has turned to what is set to generally be the very best-earning battle of all time.
Mayweather vs McGregor
Location: T-Cell Arena, Nevada, U.s.
Mayweather drew a record four.6million spend-per-look at purchases for his struggle with Manny Pacquiao in 2015 and his fight with McGregor will Nearly unquestionably prime that.
McGregor – the greatest name in UFC – has vowed to knockout undefeated boxer Mayweather, and boldly experienced an enormous mural depicting his triumph drawn up across his schooling health club wall.
Mayweather, nevertheless, suggests he would "run the UFC" and scoffed at McGregor's knockout promises, firing a warning about his "granite chine".
MAYWEATHER vs MCGREGOR: THE Battle
Mayweather and McGregor will sq. off about the night of Saturday, August 26 for the T-Mobile Arena in Paradise, Nevada, over the Las Vegas Strip.
Inside the US, the struggle is going to be broadcast on Showtime spend-for every-see and price $89.95 for traditional definition and $99.95 for top definition. In the united kingdom, a broadcast offer is but to generally be agreed.
Battle: Mayweather vs McGregor
Day: Saturday, August 26
Venue: T-Cellular Arena, Paradise
US Television set: Showtime PPV
United kingdom Television set: TBC
DATE And begin TIME
The fight is scheduled for Saturday, August 26, while it will very likely start in the united kingdom around 4am on Sunday, August 27. The twenty,000-potential T-Mobile Arena in Las Vegas will host the combat.
Showtime are in talks with both of those Sky Sports activities and ITV about the united kingdom broadcast rights to the combat concerning Mayweather and McGregor.
Showtime's HD offer will Price viewers from the US $ninety nine.95.
What exactly are The foundations?
The stage is about for McGregor's initially Expert boxing combat, with the MMA fighter set to change the Octagon with the ring and adopt boxing policies.
Both of those fighters will put on boxing gloves and the usage of legs, which happens to be frequent in UFC, is banned.
The bout might be twelve rounds of three minutes, must it go the space.
Whatever they Stated
Speaking regarding their the latest four-leg Worldwide media tour, McGregor explained: "The tour turned a verbal battle that individuals have been scoring And that i failed to anticipate it becoming so backwards and forwards.
"If we're going to rating it then file*** it, let us do that – I smoked him on all four rounds.
"LA was a 10-9, my match went viral, Toronto was a wipeout ten-seven for the reason that he was dropped twice.
"I won Ny then right here I smoked him all over again. For a 40-yr-previous gentleman he has his childish strategies and that is amusing. This is a ruthless company and I am ruthless."
WHO'S Gonna Get?
Unsurprisingly, presented his wide gain when it comes to real boxing knowledge, Mayweather could be the significant favorite. With dabblebet the American is usually backed at one/seven to defeat McGregor, who is available in at nine/2.
Several boxers previous and current have not provided McGregor Significantly of a chance. Mike Tyson, as an example, states he believes the Irishman will probably be "killed" outside of the UFC octagon.
UFC president Dana White, nevertheless, has backed his star name to make it a contest. "You do not know what's likely to occur when two men start off throwing punches, Specially a guy like Conor McGregor," he stated.
BETTING ODDS (by way of 888Sport)
Floyd Mayweather to win: one/ten
Conor McGregor to earn: 5/1
Draw: 33/one


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Groundhog Day: Like Father Like Son is a virtual reality narrative adventure game that takes place in the world of the feature film "Groundhog Day," available now on PlayStation® VR, Oculus Rift, and HTC Vive and Vive Cosmos.
Groundhog Day: Like Father Like Son tells a modern-day, comedic story featuring puzzles and branching narrative gameplay. Players take on the role of Phil Connors Jr., the charming but arrogant son of the original film's protagonist. Returning to his hometown of Punxsutawney, Pennsylvania, Phil Jr. becomes trapped in a time loop just like his father before him. Players will solve puzzles, interact with new and familiar characters, and explore the town as they try to escape the time loop.
Jake Zim, Senior Vice President of Virtual Reality at Sony Pictures Entertainment remarked "When audiences think of 'Groundhog Day,' they think of a day that goes on and on but not necessarily about an immersive game – that's why it was thrilling to take that classic movie IP, develop it for virtual reality and surprise people with this title. VR gives us a unique opportunity to take audiences inside beloved Sony Pictures properties like 'Groundhog Day and share sequels to stories that otherwise might never get made. We hope new and longtime fans enjoy exploring the world of the film in a fresh and modern perspective."
"As someone who grew up on this movie, I'm looking forward to fans like myself, along with new generations, discovering what it's like to walk around Punxsutawney and be part of a new chapter in this story," said Ethan Stearns, EVP of Content at MWMi."Telling gripping interactive stories is our focus at MWMi, and we look forward to players jumping into this hilarious, original narrative."
"This was a rare opportunity to take an incredibly iconic IP and use it as a jumping-off point to explore modern ideas and themes," said Raul Rubio, CEO and Creative Director of Tequila Works. "But 'Groundhog Day: Like Father Like Son' is also just flat-out fun. It's up to players to get Phil Jr. out of the mess he's in, which leads to some comedic, irreverent and thrilling moments throughout the game."
Why not check out the trailer and let Gamehype know what you think in the comments box below?