Airgate Technologies Announces Development of Matrix Analytics.Business Editors/High-Tech Writers DALLAS--(BUSINESS WIRE)--Feb. 4, 2004 Airgate Technologies, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the X-Change Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :XCHC) is pleased to announce the development of Matrix Analytics. This data visualization and data-mining engine will manage enormous amounts of data, from a variety of sources, including RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. . Its function is to normalize normalize to convert a set of data by, for example, converting them to logarithms or reciprocals so that their previous non-normal distribution is converted to a normal one. data and insure compatibility with existing database, ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. , and supply chain systems. Because of current RFID mandates from diverse sources, such as retailer Walmart, the Department of Defense, and the expected surge of RFID deployments, a process to ingest in·gest tr.v. in·gest·ed, in·gest·ing, in·gests 1. To take into the body by the mouth for digestion or absorption. See Synonyms at eat. 2. data, understand data, present data and detect non-compliance is required. This occurs in the real-time world of RFID. "It is our intent to create a core 'matrix analytic engine,' an (MAE (1) (Metropolitan Area Exchange) Originally known as Metropolitan Area Ethernets, MAEs are junction points on the Internet where data is exchanged between carriers. See IXP and NAP. ) that can be customized for the unique requirements of various vertical industries, retail, manufacturing, health, etc.," stated Michael Sheriff, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Airgate Technologies. "We will rely upon our extensive database and telecommunication competencies, plus our offshore capability to provide unparalleled services and capabilities to analyze, interpret and manage complex data. About Airgate Technologies Airgate Technologies is a development stage company specializing in wireless technologies. The Company designs and develops network applications utilized in RFID ("radio frequency identification See RFID. ") deployments. Airgate will deliver RFID solutions in selected vertical markets built around a data management and integration strategy. This strategy is designed to insure rapid market penetration and maximum return on investment. About the X-Change Corporation The X-Change Corporation is a company that was organized to seek merger or acquisition candidates. The Company intends to acquire interests in emerging technology opportunities that the Company believes will generate significant revenues and return a profit to shareholders. Forward-Looking Statements Except for historical information contained herein, the statements made in this release constitute forward-looking statements (including within the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934). Such forward- looking statements are based on current expectations that are subject to significant risks and uncertainties that are difficult to predict, including statements regarding the intent, belief or current expectations of the X-Change Corporation, Airgate Technologies and their respective managements regarding strategic directions, prospects and future results. These forward-looking statements include, among other things, statements regarding future events and the future financial performance of the X-Change Corporation that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by the X-Change Corporation with the SEC, specifically the most recent reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and 10-Q, each as it may be amended from time to time, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. |
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