Amphion Innovations plc Partner Company AXCESS International Completes $2.3M Funding.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Amphion Innovations plc (LSE LSE - Language Sensitive Editor :AMP)("Amphion"), the developer of technology and life sciences businesses, today announces that one of its portfolio companies, AXCESS International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AXSI), a leading provider of Radio Frequency Identification See RFID. (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. ) systems, has completed a financing totaling $2.3M. Amphion Innovations plc provided $1.25 million of the total amount raised, $750,000 of which was previously announced on January 3, 2006. The funds are to be used in part to complete the development of a new RFID product designed to further exploit AXCESS' existing markets utilizing asset, personnel, and vehicle tagging. New markets are also targeted where RFID's adoption rate has been exemplary. AXCESS booked record RFID revenue of $986,377 for the twelve months ended 31 Dec 2005 (of $1,080,240 in total revenue), an increase of 28% from $772,475 in 2004. RFID revenue during 4Q2005 represented an increase of 177% from 4Q2004 and 139% from 3Q2005. For the full year 2005, gross margin was 40%. Amphion's investment brings its ownership stake in the firm to 8.9% on a fully diluted basis. AXCESS' patented ActiveTag(TM) RFID systems use small, low-cost battery powered tags that when automatically activated, transmit a wireless message typically 30 to 100 feet to hidden palm size receivers. The receivers are connected simultaneously to the enterprise system software, the existing security alarm equipment, and standalone management software, all via a standard network. The AXCESS OnlineSupervisor(TM) enterprise software platform provides real time location displays, automatic inventory counts, and custom reports. Optionally, tag transmissions can trigger security video recording and live remote video transmission of events. The tags are used for a variety of corporate productivity applications including automatic personnel access control and tracking, automatic vehicle access control, payload (1) Refers to the "actual data" in a packet or file minus all headers attached for transport and minus all descriptive meta-data. In a network packet, headers are appended to the payload for transport and then discarded at their destination. management, real time location determination, automatic asset management and protection, and special purpose sensing. Automatic email alerting and paging is also offered for rapid response to security-related incidents. More information is available from AXCESS' Web site at www.axcessinc.com or by calling Stephanie Collins at 972-407-6080. Allan Griebenow, president and 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 AXCESS International, said: "RFID as a technology has evolved rapidly over the past year and the requirements of the market have now crystallised Adj. 1. crystallised - having become fixed and definite in form; "distinguish between crystallized and uncrystallized opinion"- Psychological Abstracts crystallized . Our unique ActiveTag system is a platform for multiple active tag applications across multiple industry verticals. Our focus remains being the leader in driving enterprise solutions in asset management, personnel tracking, and fleet vehicle control. AXCESS plans to make a dramatic statement with this new product regarding the potential uses of RFID in the enterprise." Richard Morgan Richard Morgan may refer to the following people:
About Amphion Innovations plc Amphion Innovations plc recently listed on the AIM Exchange in London under the symbol AMP. Amphion's business is the formation, financing, management and development of life science and technology companies, working in partnership with corporations, governments, universities, and entrepreneurs seeking to commercialise their intellectual property. On the Web: www.amphionplc.com About AXCESS International Inc. AXCESS International Inc. (OTCBB:AXSI), headquartered in greater Dallas, TX, provides Radio Frequency Identification (RFID) and Real Time Location Systems (RTLS RTLS Real-Time Location System RTLS Return To Launch Site RTLS Run Time Library Services ) for asset management, physical security, and supply chain efficiencies. The battery-powered "active" and "semi-active" (on-demand) RFID tags An electronic identification device that is made up of a chip and antenna. For reusable applications, it is typically embedded in a plastic housing, and for tracking shipments, it is usually part of a "smart" packaging label. locate, identify, track, monitor, count, and protect people, assets, inventory, and vehicles. AXCESS' RFID solutions are supported by its integrated, network-based streaming digital video (or IPTV (Internet Protocol TV) Also called "TV over IP," IPTV delivers scheduled TV programs and video-on-demand (VOD) via the IP protocol and digital streaming techniques used to watch video on the Internet. ) technology. Both patented technologies enable applications including: automatic "hands-free" personnel access control, automatic vehicle access control, automatic asset management, real time location determination, and sensor management. AXCESS is a portfolio company of Amphion Innovations plc. |
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