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Ossen Innovation (OSN) Results Impressive Performance, ARM Holdings (ARMH) License Deal For ARM Cortex-A50 Processor

Jun. 28, 2014 6:58 PM ETOSN, ARMH
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https://static.seekingalpha.com/uploads/2014/6/28/saupload_osn.jpg Ossen Innovation Co., Ltd. (OSN)

Keep a close eye on OSN. The company reported significant increase in revenue on its financial results.

For the first quarter ended March 31, 2014, OSN posted revenue of $28.0 million, a 92% increase year over year, gross profit of $2.6 million, a 56% increase compared to the same period the prior year, net income attributable to OSN of $0.5 million versus $0.1 million in the year-ago period and EPS of $0.02 compared to $0.00 in the first quarter 2013.

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OSN manufactures and sells a wide variety of plain surface pre-stressed steel materials and rare earth coated and zinc coated pre-stressed steel materials. OSN's products are mainly used in the construction of bridges, as well as in highways and other infrastructure projects.

More about Ossen Innovation Co., Ltd. (OSN) at www.osseninnovation.com

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https://static.seekingalpha.com/uploads/2014/6/28/saupload_armh.jpg ARM Holdings plc (ARMH)

ARMH and Actions Semiconductor Co., Ltd. reported that they have signed a license agreement for the 64-bit ARM(R) Cortex(R)-A50 processor family.

ARMH's ARM Cortex-A50 processor family is based on the ARMv8-A architecture, which first introduced 64-bit support to the ARM architecture with a focus on power-efficient implementation while maintaining compatibility with the existing 32-bit software.

Actions Semiconductor provides comprehensive portable multimedia and mobile internet system-on-a-chip (SoC) solutions for portable consumer electronics. This 64-bit IP license will assist Actions Semiconductor in addressing higher performance markets and further strengthen its market position by extending its product portfolio from 32-bit to 64-bit technology.

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ARMH is at the heart of the world's most advanced digital products. Its technology enables the creation of new markets and transformation of industries and society. The company designs scalable, energy-efficient processors and related technologies to deliver the intelligence in applications ranging from sensors to servers, including smartphones, tablets, enterprise infrastructure and the Internet of Things.

More about ARM Holdings plc (ARMH) at www.arm.com

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