X-Change Corporation Receives FCC Certification for SAW Readers.DALLAS -- X-Change Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :XCHC) today announced that its 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. , AirGATE Technologies, Inc., has received FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. certification for its surface acoustic wave A surface acoustic wave (SAW) is an acoustic wave traveling along the surface of a material having some elasticity, with an amplitude that typically decays exponentially with the depth of the substrate. (SAW) readers produced by Carinthian Tech Research (CTR See click-through rate. ). AirGATE maintains an exclusive, national distribution agreement with Carinthian Tech Research, a leading Austria-based developer of SAW devices and technology, used to identify and track tagged items in applications in which traditional 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 are not adequate. Based in Technologiepark Villach, St. Magdalen Magdalen: see Mary Magdalene. Austria, CTR AG is currently setting new standards in rugged RFID technology and remote access temperature sensors, focusing in particular on surface acoustic wave technology. AirGATE has delivered development systems to Fortune 1000 companies, 3M, NASA-Johnson Space Center, the U.S. Navy and other key companies. SAW technology works very well around metal and liquid that are usually challenging for semiconductor-based RFID tags and systems, and is a very accurate temperature sensor that requires no battery. "AirGATE engineers worked closely with CTR and the FCC lab to facilitate certification," stated Matt Ulrich Matthew James Ulrich (born December 30, 1981) is an American football offensive guard free agent in the National Football League. Ulrich graduated with all state honors in football from Streamwood High School in 2000. Ulrich also participated in track throwing the shot put. , National Sales Director - SAW systems. "We continue to work with CTR in bringing new SAW products and enhancements to market to maintain our position as a leading supplier of SAW RFID and sensor systems," continued Ulrich. About X-Change Corporation X-Change Corporation, through its wholly-owned subsidiary, AirGATE Technologies, Inc. is a leader in unique, vertical market applications utilizing RFID and wireless, intelligent sensor technology. AirGATE Technologies, a full-solution company, handles business assessment, technology selection, including proprietary AirGATE technology, integration and support. The Company has, in an environment of technology cost compression, built a stable of technology partners that are best in class and span a wide range of solutions to support small, medium and large enterprises. Please visit www.airgatetech.com or www.x-changecorp.com for further information. 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, which are on file with the U.S. Securities and Exchange Commission and may be accessed at http://www.sec.gov or the X-Change Corporation's investor relations Investor relations The process by which the corporation communicates with its investors. web page at http://www.x-changecorp.com/index.html, and 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. The X-Change Corporation disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release. |
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