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——————————————————————————– Eric Kelly, Sphere 3D Corp. – Chairman & CEO  ——————————————————————————– Thank you, Lauren. Good afternoon and thank you for joining us today to discuss our second-quarter results. We continue to make progress on our strategy to deploy a combination of public, private and hybrid cloud solutions that are available and accessible to everyone. We believe the way to do this is to deliver one unified and vertically integrated offering converging our virtualization and storage technologies. We would like to spend some time today providing you an update on our partnerships, customer engagements and other corporate developments which are driving our progress as we execute on our strategic plan. But before I do so, I would like to quickly overview our financial results for the second quarter. Read More Second-quarter revenue came in at $19.6 million, which is an increase of over 6% from Q2 the previous year, and equal to our prior quarter’s revenue — as we held operating expenses to less than $12 million when excluding shareholder base compensation. Kurt will review all the numbers in detail. We view this performance as a positive indicator of our stabilization of our traditional storage business. Also these results are in line with our previously shared expectations to see a revenue ramp from our integrated solutions in the second half of this year.
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The so-called Interscatter technology, created by a UW team of electrical engineers and computer scientists, involves converting Bluetooth signals into Wi-Fi signals. Wearable medical devices, such as smart contact lenses or implants, cannot send information like many other devices do because they use too much power, and the power sources like batteries are not easily replaced. Preserving battery life is very important in implanted medical devices, since replacing the battery in a pacemaker or brain stimulator requires surgery, team member Joshua Smith said in a statement. Smith is an associate professor in the Electrical Engineering Department and Computer Science and Engineering Department. Most Read Stories http://medicalinterviewprep.marrymegay.com/2016/08/05/moreover-your-college-essay-should-be-convincing-and-unique-to-impress-the-admission-committee-so-that-it-will-standout-among-many-other-students-2/ Unlimited Digital Access. $1 for 4 weeks. Interscatter technology solves this problem by using reflections of existing signals. Instead of the medical devices creating their own signals, Interscatter allows them to pick up Bluetooth signals sent out by smartwatches or smartphones and transform those into Wi-Fi signals that it bounces back. Vikram Iyer, a researcher and electrical- engineering doctorate student, uses a flashlight to explain the technology.
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