TEDxTrieste 5/27/11 – Roberto Siagri – The cloud, a sustainable source of innovation

Roberto Siagri, after receiving a degree in Physics from the University of Trieste, has spent more than twenty years in the IT sector, with special regard to technology innovation and to the understanding of future trends. As co-founder and President of Eurotech SpA, he is responsible for strategies, new business models and the internationalization of the company. He collaborates with the Department of Electrical and Mechanical Engineering of the University of Udine, where he has taught courses in Digital Systems Electronics. In addition to his many commitments within the Eurotech Group, he is a member of the Italy-Japan Business Group as well as of the Advisory Board of the University of Padova’s School of Economics. His expertise in topics related to innovation, technological research and entrepreneurship make him a sought-after speaker at conferences in Italy and throughout the world.

In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)

Eurotech: Parvus introduces Ruggedized Cisco IE-3000 Switch for Extreme Military/Civil Networking Application

DuraNET® 3000 Adds Mechanical and Electrical Enhancements to Modular Cisco Industrial Ethernet Switch for Vehicle and Aircraft Compatibility

Amaro (Italy), 17 August 2011 – Eurotech subsidiary Parvus announces the DuraNET® 3000, a ruggedized version of the IE-3000 industrial Ethernet switch from Cisco Systems, specifically hardened for use in demanding military / civil IP networking technology refresh and C4ISR situational awareness applications. This fully managed network switch delivers the security, advanced Quality of Service (QoS), high availability, and manageability that customers expect from Cisco IOS-based switching technology, but with mechanical enhancements to support deployment of data, video, and voice services in extreme temperatures, shock, vibration, and humidity, as well as exposure to dust, water, and demanding EMI/EMC environments. Customers can view the Parvus DuraNET 3000 at the AUVSI Unmanned Systems North America Expo Aug 16-19 in DC and at the AFCEA LandWarNet Expo Aug 23-25 in Tampa.

“The DuraNET 3000 presents military and aerospace customers with a powerful ruggedized IE-3000 switch solution, delivering Cisco’s latest IOS networking management tools, protocols, and software capabilities in a mechanically hardened package ready for extreme application use,” said Parvus Marketing Director Mike Southworth. “While Cisco developed the IE-3000 specifically for harsh industrial network environments, such as the factory floor or utility substation, Parvus has taken ruggedization to a whole new level with the DuraNET 3000. Parvus’ hardened design now extends Cisco’s proven industrial Ethernet switch technologies into vehicle, airborne, shipboard and other extreme applications.”

Like Parvus’ DuraNET 2955 switch, which is based on the Cisco’s previous generation industrial Ethernet switch (the Catalyst 2955), the DuraNET 3000 requires no active cooling, is completely sealed in a rugged aluminum enclosure, and provides interfaces over MIL-C-38999 style connectors. Leveraging the modular nature of the IE-3000 hardware, the DuraNET 3000 subsystem comes in several configurations to flexibly scale Ethernet port density from ten (10) to eighteen (18) or twenty-six (26) Ethernet ports. This enables customers to match size, weight, and power (SWaP), along with cost and functional requirements to program needs. Suitable for ground vehicle and aircraft installations, the DuraNET 3000 features MIL-STD-1275 / 704 transient protection and MIL-STD-461 filtering, and is designed to meet MIL-STD-810 environmental conditions.


• Cisco Technology: Ruggedized Version of Cisco IE-3000 Industrial Ethernet Switch with Best-in-Class Layer 2 LAN IOS or Layer 3 IP Services IOS Software Support

• IOS Management: Data, Video, and Voice Service Features for Security, QoS, and High Availability: TCP, UDP, Telnet, IGMP, IP, RADIUS, SNMP, RMON, DHCP, HTTPS, VLAN, Cisco Network Assistant, Cisco, CLI over Serial, Cisco Device Manager over Web Browser, Layer 3 IP Services Support Inter-VLAN Routing, Advanced Routing Protocols, i.e. Open Shortest Path First (OSPF), Enhanced Interior Gateway Routing Protocol (EIGRP), Border Gateway Protocol (BGP), Static Routing, VRF Lite, Multicast Routing.

• Interfaces: 2x Gigabit Ethernet Uplink Ports + 8x, 16x, or 24x Fast Ethernet Ports; RS232 Serial Console.

• Ruggedization: Designed to meet MIL-STD-810 Shock, Vibration, Thermal Conditions; -40 to +71°C Fanless Extended Temperature Operation with No Moving Parts; Aluminum Chassis Sealed Against Water, Dust, and EMI; Filtered Transient-Protected Power Supply for MIL Aircraft / Vehicle Use; Circular MIL-DTL-38999 Connectors for Reliable Network Connections.


Pre-production DuraNET 3000 units have begun shipping. Contact sales@eurotech.com for pricing and updated production availability information. For additional specifications or to download a product datasheet, visit DuraNET 3000 product page.

Eurotech: Parvus unveils Rugged Mobile Router Subsystem with Cisco 5915 ESR Card and Integrated Gigabit Ethernet Switch

Cisco IOS-Managed DuraMAR® 5915 Delivers SWaP-Optimized, Ultra-Rugged MIL/COTS Migration Path for Cisco 3200 Mobile Router Platforms

Amaro (Italy), 16 August 2011 – Eurotech subsidiary Parvus announces the DuraMAR 5915, an ultra-rugged Commercial-Off the Shelf (COTS) mobile router subsystem based on the new 5915 Embedded Services Router (ESR) card from Cisco Systems. Optimized for Size, Weight and Power (SWaP), as well as mechanical robustness under extreme environmental conditions per MIL-STD-810G (thermal, shock, vibration, humidity, dust, water), the DuraMAR 5915 enables prime contractors and civilian agencies to deploy Cisco Mobile Ready Net capabilities, including data, video, and voice services virtually anywhere LAN or WAN connectivity may be required, particularly in mobile, airborne, ground, manned or unmanned vehicle applications. Customers can view the Parvus DuraMAR 5915 at the AUVSI Unmanned Systems North America Expo Aug. 16-19 in DC and at the AFCEA LandWarNet Expo Aug. 23-25 in Tampa.

“With the DuraMAR 5915, Parvus couples Cisco’s latest mobile networking technology with innovative rugged enclosure design to address environmental and functional requirements of military vehicle and aircraft applications,” said Parvus Director of Marketing Mike Southworth. “The DuraMAR 5915 is an ideal solution for IP networking technology refresh and situational awareness applications, including those seeking a migration path for legacy Cisco 3200-based router subsystems. Legacy 3200 Series customers gain hardware performance and software feature improvements with the new system, along with a smaller, lighter, and even more rugged chassis and MIL-STD power supply.”

The DuraMAR 5915 features dual WAN uplinks and is available as either a standalone 5 port (2+3) network router or with an integrated Gigabit Ethernet switch for a total of 19 Ethernet ports to extends Ethernet port density and switching bandwidth beyond the standard commercial Cisco 5915 product.

With software built upon the Cisco 3270 IOS architecture, the DuraMAR 5915 delivers the performance, security, advanced Quality of Service (QoS), high availability and manageability expected from Cisco Enterprise IOS-based routing technology. The unit supports extensive IPv4 and IPv6 routing protocols, IP multicasting, Radio Aware Routing (RAR), Dynamic Link Exchange Protocol (DLEP) and Mobile IP routing for transparent connectivity to a roaming vehicle network in Comms on the Move (COTM) applications. An onboard AES hardware encryption engine offloads encryption processing from the router to provide highly secure yet scalable data, video, and voice services.

Leveraging stackable PC104 subassemblies and a modular enclosure design, the DuraMAR 5915 unit is completely sealed, requires no active cooling, provides interfaces over MIL-C-38999 style connectors, and features a military-grade power supply supporting aircraft (MIL-STD-704F) and ground/marine (MIL-STD-1275D) vehicle voltage inputs, pikes, and transient levels, as well as MIL-STD-461F EMI/EMC filtering.

• Cisco Technology: Ruggedized Cisco 5915 Router with Enterprise IOS Software for Robust Security, Management, QoS, VLAN, IPv4 / IPv6 Routing, IP Mobility, Interoperability; Integrated Services Router (ISR) Features Support Concurrent Data, Video, and Voice Services, as well as Firewall and Hardware AES Encryption Acceleration
• Integrated Gigabit Ethernet Switch: Integrated Parvus Gigabit Ethernet Switch Option to Scale Port Density to 19 Ethernet Ports for Higher Port Density Application Requirements; Modular, Open Architecture Rugged COTS PC104 Hardware Design
• Ruggedization: Designed for MIL-810G Shock, Vibration, Thermal, Altitude, Humidity; -40 to +71C Fanless Extended Temp Operation with No Moving Parts; Corrosion-Resistant, Aluminum Chassis Sealed Against Water, Dust, EMI; Circular MIL-DTL-38999 Connectors for Reliable Network Connections; Filtered, Transient-Protected Power Supply for Aircraft and Vehicle Use; Designed to MIL-461F Conducted/Radiated Emissions & Susceptibility; Data Zeroization Support to Erase Sensitive Information
• Applications: Civil and Military Tactical In-Vehicle Layer Switching / WAN Routing; 24V / 28V Ground Vehicle / Aircraft / Maritime Installations; C4ISR Situational Awareness / Technology Refresh / Retrofit / LRU

Pre-production DuraMAR 5915 units will begin shipping Q4 2011. Contact sales@eurotech.com for pricing and updated production availability information. For additional specifications or to download a product datasheet, visit DuraMAR 5915 product page

Eurotech: Roberto Siagri – letter to shareholders

Dear Shareholders,

2007 commenced with the completion in January of the acquisition of the US corporation Applied Data Systems Inc (ADS), specialists in low-consumption miniaturised computers. This also brought with it a 65% equity interest in the Chinese company Vantron Technology Ltd, active in software development and hardware design for mobile and multimedia, which today has over 45 graduate engineers. The ADS acquisition was a major step forward for the Group in terms of both sales and human resources, as well as creating a more marked focus on low-consumption mobile platforms.

At that point, we found ourselves with the Group’s centre of gravity tangibly skewed towards America. This suggested to us that, in our journey towards achievement of our “tipping point”, i.e., of our critical mass, it was time to look towards the East.

And so it was that, de facto, completion of the ADS acquisition paved the way for the subsequent acquisition of 65% of the Advanet Group – one of the leading companies in the Japanese embedded PC market, with sales of circa JPY 5.5 billion (over €33 million) and a 20% EBITDA margin. Advanet was the ideal choice: besides enabling us to enter the Japanese market, which is undoubtedly an important door for expansion in Asia, it did not feature any overlaps with the Group’s products and matched the profitability profile sought by us.

With the Advanet acquisition, the Group’s NanoPC offering has been completed by the addition of boards and systems based on the cPCI and VME standards, with both x86 and PowerPC processors. Moreover, as had already happened with the previous acquisitions, the Group is enhanced by an industrially and financially sound company, which we will integrate gradually via growing exploitation of Group synergies.

Thanks to these acquisitions, in 2008 we will be able to present ourselves to the market with a miniaturised PC offering comprising all the most important electrical and mechanical standards (PC/104, PC/104plus, cPCI, cPCI Express, VME, EPIC, EBX, COM Express, and PMC). Furthermore, we will also be able to offer different types of computing architecture (x86, ARM, and PowerPC). All customers sensitive to the quality, reliability and innovation which distinguish our solutions should therefore be able to find in our new offering the best response to their needs in terms of price, performance and consumption.

As regards innovation, during 2007 we once again demonstrated our ability to translate ideas and technologies into cutting-edge solutions. Using an FPGA-based flexible computing platform, we constructed Janus, the world’s most powerful computer in its segment as well as the smallest and lowest-consuming one. Janus is, in fact, the first supercomputer capable of achieving the astounding number of 8 PetaOps – 8 million billion operations per second – consuming just 10 kW and occupying a volume of just 2 cubic metres. We have thus transformed the scientific project featuring Eurotech’s co-operation with a pool of Italian and Spanish universities and research centres into a tangible reality.

A strategic lever that we will apply with special attention in 2008 will be worldwide consolidation of the Eurotech brand. Already in 2007 we saw the first move in this initiative as our UK company, Arcom, changed its name and Eurotech Ltd was born.

Following the important acquisitions made in the last two years, in 2008 the key event in the Eurotech Group’s integration process will be the merger of the US subsidiaries Applied Data Systems and Arcom to become one company – Eurotech Inc.

Eurotech Inc will be the starting point for the creation of a truly integrated group, capable of satisfying its customers with a substantial offering of innovative products and solutions together with quality services. Intentionally created to become the Eurotech Group’s premier sales channel for all products going to the American market, Eurotech Inc will sell all Group products: from boards to embedded systems and from sensors to HPCs (high-performance computers).

We expect this operation, commencing in April and completing in August, to start having a positive effect on Group profitability during the course of the year, thanks to greater operating efficiency and to the economies of scale achievable between the two companies.

I would now like to comment briefly on the business and financial results of the year that has just ended.

2007 ended with consolidated sales revenues of €76.54 million against an initial forecast of about €100 million. Apart from the natural variability typical of the dynamics of the market in which we operate, the difference versus the sales targets initially set for 2007 was mainly due to delays in the award of some projects in the USA, which caused lower than forecast revenues during the year for both Arcom and ADS. Secondly, the weight of US companies – accounting for approximately 60% of 2007 consolidated sales revenues – meant that, at the time of consolidation, Group results were hit by no mean extent by the ongoing depreciation of the US dollar against the euro, a trend that continued throughout 2007. From a business standpoint, the US companies of the Eurotech Group did not feel the effects of this US dollar trend, as all their costs are in US currency.

From a 2008 perspective, Advanet’s entry into the Eurotech Group gives us an almost ideal balance between business in US dollars, euro, and JPY. In future, the effects on consolidated accounts of one currency’s weakness versus others should be attenuated.

In 2007, Gross Profit Margin was 49.8%, substantially stable against 50.2% in 2006 and in line with initial targets, which set it at around 50%. This threshold permits an ideal balance in the cost structure and assures that we can continue investing in research and development.

Group EBITDA in 2007 was instead much lower than expected, stopping at a margin of 2.5%. This is the indicator most heavily affected by lower revenues. The latter in fact meant a heavier impact both of operating costs, prevalently fixed in nature, and, in particular, of the extra costs for integration of companies acquired, relating to the creation of a more extensive international organisation. These costs have served to lay the foundation for better exploitation of group synergies. They should therefore produce visible effects during 2008 in terms of EBITDA improvement.

Given the new scale achieved, we will have the possibility of increasing the outright value of R&D investments without this increasing their incidence as a percentage of revenues. We will therefore combine effectiveness and efficiency, exploiting the positive effects of the consolidated sales growth achieved thus far.

In summary, 2007 was a year when the Group worked hard to create the conditions for better exploitation of inter-group synergies, in terms of both increased organisational efficiency and acceleration of cross-selling and thus of organic growth. In other words, we have accumulated potential that has not yet expressed itself and should therefore be able do so during 2008.

Let us end by taking a look at the future awaiting us in the next few years.

Since the end of the 20th century, we have been witnessing the revolution driven by the new digital information and communication technologies. This is an irreversible revolution that will also lead to profound changes both in society and in individuals. A simple figure to give an idea of the phenomenon: some estimates indicate that, by the end of 2010, the number of devices connected to the Internet will grow to as many as 15 billion, but that only 5% of them will be PCs and servers, because third-generation mobile telephones will surge to take command.

The computer is becoming increasingly integrated with man. From the desktop personal computer, we have moved to increasingly portable computers (mobile telephones and PDAs) to progress today to wearable computers and so-called smart-dust networks (networks of miniaturised sensors) able to make our surroundings “intelligent”.

We thus have interconnection on one hand and integration in our surroundings and daily life on the other. This is the dominant paradigm, called “ubiquitous computing” or “pervasive computing”. This will open up major opportunities and we, thanks to our R&D investments in the last few years, are ready to take advantage of them. We are, in fact, steadily transforming Eurotech, following the new computing paradigms, from an embedded-computer company into a pervasive-computer company, aiming to be the leading company in the professional sector for pervasive computers.

Our family of wearable computers, which immediately achieved major international recognition for its innovative content, started to demonstrate its marketplace potential towards the end of 2007.
Our wireless connectivity platforms have been installed in trains and buses in the USA to give commuters constant and ubiquitous Internet access.
We have the technology and skills to gather the real world’s data and put them online: from inboard parameters of moving vehicles to the operating data of plant installations; and from the environmental conditions of specific monitored areas to information on individuals’ physiological parameters.
We are working on equipping the uniforms of first-aid and emergency rescue teams. Our sensors will pick up important physiological parameters of the rescuer and – co-ordinated by a special-purpose version of our wearable computer Zypad – communicate them to the operations HQ, which will therefore have the psychophysical conditions of the men in action under its control.

We believe that pervasive computers will be increasingly present in Eurotech’s future, i.e., distributed computing devices and platforms ready to be connected with Web infrastructures and to exploit their full potential. In the not so distant future, when everything will virtually become a computer, our NanoPCs will connect to our HPCs to form the Pervasive Grid.

We see a future with a wealth of opportunities and great growth potential and it is for these new challenges that we have equipped ourselves well.

28th March 2008
Roberto Siagri
Chairman and CEO

Eurotech is taking part in the South Europe Midcap event in Paris

Amaro, 25 June 2008 – On Friday, 27 June, the Eurotech Group will take part in the third edition of the South Europe Midcap Event organized by CF&B Communication, coordinated for Eurotech by Euromobiliare. The conference is being held at the Salons France-Amériques in Paris and is wholly devoted to meetings between institutional investors and listed companies in Southern Europe, especially Italy, Spain, Portugal and Greece.

Massimo Mauri, Vice Chairman of the Group, will represent Eurotech at this event. For registration and more information, visit the website http://www.midcapevents.com

Group revenue increased by 41.5% in the first quarter 2008, rising by Euro 6.29 million from Euro 15.16 million in Q1 2007 to Euro 21.44 million in Q1 2008.

In terms of products, we see that computers are becoming increasingly integrated with humans. There has been a move away from desktop PCs to ever more portable computers (wireless phones, PDAs), arriving at today’s innovative wearable computers and miniaturised sensor networks (smart-dust) that make our surrounding environment “intelligent”.

Interconnection on the one hand, and integration into the environment and everyday life on the other: this is the prevailing paradigm, called “ubiquitous computing” or “pervasive computing”. It is expected to pave the way for new and greater opportunities and, thanks to the recent investments in research and development, we are ready to seize them. We are following the new computing paradigms to gradually transform Eurotech from an “embedded-computer company” to a “pervasive-computer company”, focusing on becoming a leader in the professional field of pervasive computers.

We believe that there will be growing numbers of pervasive computers in the future of Eurotech. These are distributed computational devices and platforms ready to connect to network infrastructure and take advantage of all of its potential. In this not so distant future in which everything will virtually become a computer, our Nano PCs will be capable of connecting to our HPCs to form Pervasive Grids.