BT Selects Axeda DRM for Remote Management of Emergency Generators.Business/Technology Editors MANSFIELD, Mass.--(BUSINESS WIRE)--June 24, 2002 Axeda Systems Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : XEDA), the pioneer of the growing market for device relationship management (DRM (1) (Digital Radio Mondiale) A digital audio broadcasting (DAB) system for AM radio in Europe. See HD Radio. (2) (Digital Rights M ) enterprise software and services, announced today that BT, one of Europe's leading telecommunications groups, has selected the Axeda Supervisor(TM), a component of the Axeda Device Relationship Management System(TM), to enable remote monitoring (protocol) remote monitoring - (RMON) A network management protocol that allows network information to be gathered at a single computer. Whereas SNMP gathers network data from a single type of Management Information Base (MIB), RMON 1 defines nine additional MIBs that provide a and management of emergency power generators at BT's Aldershot U.K. site. Axeda has been awarded a contract for a pilot program to design and install an Axeda DRM(TM) System to provide BT engineers and operational staff with a Web-based monitoring system. The system will enable them to remotely start the generators in case of a power outage Noun 1. power outage - equipment failure resulting when the supply of power fails; "the ice storm caused a power outage" power failure equipment failure, breakdown - a cessation of normal operation; "there was a power breakdown" , to monitor power usage and uptime, and to store and retrieve historical data for performance analysis. "We selected the Axeda Device Relationship Management System to provide our clients with better service and greater visibility of our plant," said Russ Glanville, a power support manager for BT. "Our goal is to use the system to access and manage real-time performance data that is vital for more efficient usage of our power generators, thereby helping to decrease unexpected maintenance costs and keep our facility running at an optimal level." "Businesses around the world are turning to device relationship management to provide proactive service while simultaneously increasing their operational efficiency. We are extremely pleased to be helping BT illustrate how the Axeda DRM system can meet those objectives while simultaneously saving time and money," said Robert M. Russell Jr., chairman 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 Axeda. "We also plan to demonstrate the value of our solution for increasing operator productivity, tracking and analyzing power usage and predicting maintenance schedules." The Axeda DRM System allows enterprises to leverage the Internet to remotely monitor, manage, and service intelligent devices, automating the real-time management of critical business and operational information. A component of Axeda DRM, the Axeda Supervisor suite, provides a comprehensive Internet-based decision support solution for managing devices, facilities, and automation systems. It incorporates the latest device relationship management technology to give customers the benefits of supervisory control Supervisory control is a general term for control of many individual controllers or control loops, whether by a human or an automatic control system, although almost every real system is a combination of both. , sophisticated scheduling, multiple remote access options, secure Firewall-Friendly(TM) communications, rapid application development, and connectivity with enterprise databases and applications. About Axeda Axeda Systems Inc. (NASDAQ: XEDA) is the pioneer in the growing market for Device Relationship Management (DRM) enterprise software and services. Axeda helps businesses become more competitive by using the Internet to extract real time information hidden in their intelligent devices. The company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , the Axeda Device Relationship Management System is a distributed software solution that lets businesses remotely monitor, manage and service intelligent devices, deployed around the world, allowing them to optimize their service, development, sales and manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. . Axeda customers are Global 2000 companies in many markets including Industrial and Building Automation, High-technology, Medical Instrumentation, Office Automation and Semiconductor Equipment industries. Axeda has sales and service offices in the US, Europe, Israel and Japan, and distribution partners worldwide. More information about Axeda is available at www.axeda.com. About BT BT is one of Europe's leading telecommunications groups, offering voice, broadband, data and Internet services. British Telecommunications plc is 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 BT Group plc. Its principal activities include local, long distance and international telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. , internet services and IT solutions. More information about BT is available at www.bt.com. About Device Relationship Management Everyday intelligent devices such as copiers, elevators, vending machines, building control units, medical devices, and even automobiles are an important new source of business information. Device Relationship Management is a growing new market that allows companies to tap into this valuable information anytime anywhere. Pioneered by Axeda, Device Relationship Management provides a distributed information management system that leverages the Internet to allow timely, accurate, and unbiased information to be communicated automatically between intelligent devices, wherever they are deployed around the world, and service personnel or enterprise business systems. Device Relationship Management helps turn reactive businesses into proactive businesses providing new sources of revenue, increased operational efficiency and lower costs with an ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). that is often measured in months. (c)2002 Axeda Systems. All rights reserved. Axeda, Axeda Systems, Axeda DRM, Axeda Supervisor, Axeda Device Relationship Management System, Axeda Enterprise, Axeda Applications, Axeda Agent, Automatic eCommerce, Firewall-Friendly, and Access. Insight. In Real Time. are trademarks of Axeda Systems. The Axeda logo and stylized styl·ize tr.v. styl·ized, styl·iz·ing, styl·iz·es 1. To restrict or make conform to a particular style. 2. To represent conventionally; conventionalize. bitstream design are trademarks of Axeda Systems. All other trademarks are either property of Axeda Systems or property of their respective owners. This press release may contain certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that relate to Axeda's future performance. Such statements are subject to a number of risks and uncertainties that may cause the actual events of future results to differ from those discussed herein. Such factors include, among others: uncertainties in the market for DRM products; the long sales cycle for DRM products; limited distribution channels; the difficulty of protecting proprietary rights; present and future competition; and Axeda's ability to manage technological change and respond to evolving industry standards. Investors are advised to read Axeda's Annual Report 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. , quarterly reports on Form 10-Q Form 10-Q See 10-Q. and Forms 8-K filed with the Securities and Exchange Commission, particularly those sections entitled "Factors Affecting Operating Results" and "Risk Factors" for a more complete discussion of these and other risks and uncertainties. |
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