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MAXxess Systems
and Recognition Source Announce Strategic Relationship
Anaheim,
CA
March 14, 2002 Odetics Inc. (NASDAQ:
ODETA & ODETB) announced today that its wholly owned subsidiary,
MAXxess Systems, Inc. has entered into a partnership with
Recognition Source, a leader in wireless solutions for access
control applications.
Under
the agreement, MAXxess will integrate Wyreless Access peripherals
from Recognition Source into the AXxess 3000 system. This
new system will deliver an access control solution that combines
the performance of wired access control with all of the benefits
of wireless technology.
"The
use of wireless solutions greatly simplifies the installation
of access control systems which will provide substantial time
and cost savings," said Wes Appleby, President of MAXxess.
"It virtually eliminates the need for wiring from the
control panels to all points of access or security monitoring."
All of
the devices needed for door control and monitoring are built
into the Wyreless Access peripheral called the Integrated
Reader Lock. Incorporating access control at a door merely
requires removing the old lock hardware and installing the
new Integrated Reader Lock hardware. A door installation can
be completed in less than an hour, compared to several hours
in a wired application. For gate retrofit applications, the
need for trenching is eliminated. For elevator applications,
the need for traveling cabling is eliminated. And for remote
doors in adjacent buildings, the need for overhead wiring
is eliminated.
"The
Wyreless Access devices can eliminate 67% of the devices usually
needed to incorporate access control at a door, and up to
99% of the wire that is needed in a wired system installation,"
explained Fred Conforti, President of Recognition Source,
the developer of the Wyreless Access brand.
The Wyreless
transceivers, which combine high transmitter power with high
sensitivity receivers, give reliable and broad coverage. The
use of Spread Spectrum technology with encoded signals incorporating
PIN numbers, random addresses, time slots, and deliberate
requests for commands, insures the security of the system.
Patented energy saving technology enables the power supply
to give up to four years of battery life with up to 20,000
operations per year.
"With
all of the features and benefits that adding Wyreless Access
to the AXxess 3000 systems provides, we believe that the use
of wireless system architecture in access control will emerge
as a widely used solution. We're happy to be among the first
to adopt this new technology," stated Mr. Appleby.
Recognition
Source, LLC
Recognition
Source is the world's premier supplier of wireless solutions
for access control and security applications. Recognition
Source is dedicated to providing wireless communication and
user authentication using encoded card, biometric and smart
card technologies for security solutions to customers across
the globe. A private, investor-back company, Recognition Source
is headquartered in St. Charles, IL. For more information
about Recognition Source, its staff and its products, visit
their website at: www.recognition-source.com.
MAXxess
Systems, Inc
MAXxess specializes in the design and manufacture of high-level
security electronic access control and security management
systems. The company provides flexible security systems for
a wide variety of facilities. MAXxess is a pioneer in developing
the new area of environmental security systems. The company
also pioneered the use of 128-bit encryption for commercial
access control applications. For more information, contact
MAXxess at 1-800-842-0221 or go to the MAXxess website at
www.maxxess-systems.com.
Odetics,
Inc.
Odetics provides products and systems that employ information
technology to control the use of public roadways, secure ingress
and egress of public and private facilities, and secure the
delivery of digital communications. Odetics Inc. is headquartered
in Anaheim, California and may be contacted at 714-774-5000
or Odetics and the web sites of each of its subsidiaries at
www.odetics.com.
Important
Notice
This news release contains statements that may be deemed
to be forward-looking. These forward-looking statements may
include statements about revenue growth, profit margins, the
effect of cost reduction measures, and other statements relating
to the operating results of Odetics or its subsidiaries. Actual
results could differ materially from those projected in the
forward-looking statements as a result of risk factors such
as: short product lives, technological shifts, current technical
issues that cannot be resolved on a timely basis, component
availability, competition (including new and directly competitive
products from others), pricing pressures, incorrect assumptions
regarding market demand, the significant uncertainty of market
acceptance of new products by both distributors and end-user
customers, unanticipated capital requirements, retention of
key personnel, general economic conditions, the inability
of the company to execute its strategy including the completion
of both private and public equity financings of its subsidiaries,
and other factors identified in the Odetics' Annual Report
on Form 10-K and Quarterly Report on Form 10-Q.
Investors are strongly encouraged to review the risk factors
set forth in the Odetics most recent SEC filings.
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