Axcess International Inc. (OTCBB: AXSI), a leading provider of wireless business activity monitoring solutions, and Vector Networks, Inc., an Atlanta-based company specializing in solutions for desktop asset and service management, today announced the successful implementation of their RFID solution set to automate a large government agency’s process of tracking thousands of assets while providing real-time reports. Axcess’ micro-wireless technology, part of the agency’s total software and hardware solution, will be demonstrated beginning today at Atlanta’s Asset Management Conference & Expo, a leading industry event that features the best practices in asset management and the applied use of the latest technologies having a direct impact on the financial and operational performance of an organization.
Allan Griebenow, Axcess’ CEO and President said, “According to the 2007 CSI Computer Crime and Security Survey, fifty percent of the 436 respondents admitted laptop thefts. The 194 companies that had laptop or mobile devices stolen in 2007 reported their loss at $8.43 million, or $43,500 per company. By automating the process of tracking assets and reporting their location in realtime, Axcess and Vector can ensure the security of valuable assets, some containing sensitive information.” He continued, ”You cannot protect something if you don’t know its location.”
Vector’s customer asked them to identify the best solution to address a memorandum they received mandating they conduct monthly inventories of all their owned and leased assets valued at more than $500. They knew it was not feasible to try and manually inventory the large number of assets, especially with laptops and other portable equipment moving between floors on a regular basis. The customer wanted a solution that could track the physical location of tagged devices and provide that information within Vector’s asset management solution that has complete software and hardware capabilities.
Most wireless systems determine location on distance without differentiating between up, down or across directions. Vector needed a wireless partner that could identify the location of assets by floor. Kevin Kiley, vice president of Vector, said, “We recommended Axcess to our customer. Axcess is an ideal partner for the job because of its reliable technology, small form factor and low-cost tags.”
After seeing the solution presented by Axcess and Vector, the federal agency agreed that it offered all the features it needed and then some.
Axcess’ RFID asset protection solution, part of the overall software and hardware system implemented, enables assets to be located, tracked and protected automatically using small, low-cost, micro-wireless tags that activate on-demand at specific control points positioned around a perimeter to determine movement and precise location. Tags, either embedded into or attached to assets, securely transmit their location ID and unique identifying number. The tag information is sent via an efficient and reliable wireless signal supported by battery power on the tags to ensure robust communication. The system can be tied directly into existing security and access control systems for seamless system operation. Tags approaching an unauthorized area trigger an alarm and automatically send wireless messages to security and first responders to prevent asset loss and enable immediate recovery.
Together, the companies successfully automated the agency’s process of tracking assets and provided realtime reports. Kevin said, “With Axcess’ RFID solution, the government agency will be equipped to meet the administration’s mandate of tracking their valuable assets on a monthly basis. The system is expected to save the employees a significant amount of time by automatically and accurately tracking the assets for them.”
Based on industry standards, the government can be expected to save a great deal of money each year as Axcess’ system automates what was a time-intensive project, prevents the loss of assets and locates leased equipment needed for replacement or renewal.
Join the Axcess representatives today and tomorrow at booth # 6 where they will answer questions and demonstrate their latest Dot technology to companies looking for the best wireless solutions at the Asset Management Conference & Expo in Atlanta. www.assetexpo.com
Links to Case Study, Photo, Video and Webinar with Free White Paper
- Case Study on RFID solution implementation of IT asset management for federal government: www.axcessinc.com/knowledge/cs/Vector_Automates_Asset_Mgmt.htm l (Due to the length of this URL, it may be necessary to copy and paste it into your Internet browser's URL address field. You may also need to remove an extra space in the URL if one exists.)
- Photo of Dot www.axcessinc.com/products/docs/Axcess_Dot.jpg
- Video of Dot www.axcessinc.com/products/docs/Introducing_Dot_Medium.mpg
- Register for FREE webinar and white paper on January 24th: IT Asset Management and Laptop Protection at https://www1.gotomeeting.com/register/961631041.
About Vector Systems, Inc.
Based in Atlanta, Vector Networks specializes in solutions for desktop asset and service management. Its solutions have been installed and supported in over 20 countries since the company's inception 15 years ago. With development teams in Montreal and Russia, and a highly mobile sales and support team, the company understands the needs and challenges of multi-site organizations. Working with Axcess International, Vector Networks has developed solutions for integrating RFID-based location tracking with IT asset management, effectively forming a bridge between asset security and asset management functions. For more information on Vector, visit www.vector-networks.com.
About Axcess International Inc.
Axcess International Inc. (OTCBB: AXSI) delivers wireless intelligence through real-time business activity monitoring solutions that improve productivity, security and revenue growth. The systems derive wireless intelligence from automatic advanced workforce management, workflow management, asset monitoring and distributed sensing. As the smallest, most powerful battery powered wireless computer, Dot, a patented micro-wireless technology platform, combines RFID, RTLS and wireless sensing for better decision-making and control throughout the enterprise. Dot adds transmission flexibility by interfacing with multiple enterprise legacy systems including the popular Electronic Product Code (EPC) standard system now used by RFID tags in the retail supply chain. Dot has set an industry low price point for multi-frequency, micro-wireless tagging at $7.95 MSRP with asset tags starting at $8.95. Axcess is a portfolio company of Amphion Innovations plc (AIM: AMP). For more information on Axcess, visit www.axcessinc.com.
This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts.
Contacts:
Carrie Morris, 972-250-5981
cmorris@axcessinc.com
or
Investor
Relations:
Darrow Associates
Jordan Darrow, 631-367-1866
jdarrow@darrowir.com
or
Public
Relations:
For: Business, IT/Technology,
Asset
Management and Security, Supply Chain,
Mining, Manufacturing and
Analysts
Driver Public Relations
Kenni Driver, 972-978-6455
kenni.driver@driverpr.com
or
For:
RFID, Sensors, Government, Finance,
Homeland Security, Healthcare,
Oil & Gas/Chemical
and Ports/Logistics
Financial Dynamics
Jessy
Adams, 212-850-5684
jessy.adams@fd.com
