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Axiolog President Testifies Before Congress on Best Business Practices for Securing Borders.


Business Editors

DETROIT--(BUSINESS WIRE)--July 29, 2003

Capt. H. Salloum, 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.  and president of Michigan-based Axiolog, an international e-logistics company, testified before the U.S. House of Representatives Select Committee on Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security
Department of Homeland Security

executive department - a federal department in the executive branch of the government of the United States
 Weds, July July: see month.  23. The committee, which held hearings on "Best Business Practices for Securing America's Borders" also heard testimony from Boeing (language) BOEING - An early system on the IBM 1130.

[Listed in CACM 2(5):16, May 1959].
 Corporation, The O'Gara Company and The Atmel | foundation = 1984 | location = San Jose, California, USA | industry = Semiconductors | products = Microcontrollers
Flash memory | num_employees = 7800 | homepage = www.atmel.com }} Atmel Corporation (NASDAQ: ATML) is a manufacturer of semiconductors, founded in 1984.
 Company.

Salloum outlined a comprehensive approach to international cargo security, emphasizing the need to use industry data streams to "watch" shipments from their point of origin to their final destination, giving law enforcement officials vital information to help flag suspicious cargo well in advance of its arrival at U.S. borders. He emphasized that a comprehensive solution must provide commercial benefits to the cargo industry in order to obtain industry cooperation in sharing data with security officials.

"Security and efficiency must go hand in hand," Salloum said. "Efficiency by itself threatens security, and security by itself could strangle Strangle

An options strategy where the investor holds a position in both a call and put with different strike prices but with the same maturity and underlying asset. This option strategy is profitable only if there are large movements in the price of the underlying asset.
 commerce."

The founder of the Secure Cargo Anti-terrorism Coalition, Salloum stated that the security burden should not rest on the shoulders of governments and ports alone, but be shared with the private sector. He predicted widespread acceptance and cooperation by the shipping supply chain if the system adopted provides commercial benefits through increased efficiency. Such benefits, Salloum said, would enable the system to pay for itself, through 10-15% savings across the entire supply chain.

Written testimony submitted to the Select Committee may be accessed at http://hsc.house.gov/files/Capt%20Salloum%20Testimony.doc or by calling Axiolog at 313-962-1220.
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Publication:Business Wire
Date:Jul 29, 2003
Words:260
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