X-Change Corporation and Hitachi America, Ltd. Sign Value Added Reseller Agreement for Hitachi Mu-Chip Technology.DALLAS -- X-Change Corporation's (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :XCHC) 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 signed a comprehensive value added reseller See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). (VAR) agreement with Hitachi America, Ltd., a subsidiary of Hitachi, Ltd. (NYSE NYSE See: New York Stock Exchange :HIT)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :6501) to resell specific o-chip technology including product customized for AirGATE. AirGATE has engineered a turnkey global authentication system The combination of authentication server and authenticator, which may be separate devices or both reside in the same unit such as an access point or network access server. The authentication server contains a database of user names, passwords and policies, and the authenticator physically designed to work with the Hitachi o-chip, a 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. technology designed specifically for large-scale authentication applications using the worldwide 2.45GHz radio frequency. AirGATE's new GenuDot System(SM) is a four-step, tamper-proof product authentication process developed to protect manufacturers against counterfeiting, piracy, product diversion and fraud. AirGATE, will market the new solution initially throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. leading to deployment globally, including the major manufacturing centers of Asia. "The release of the GenuDot System marks a major milestone in the battle to combat product counterfeiting and diversion," commented Frank Kwong, Sr. Vice President and Chief Information Officer of the X-Change Corporation and its subsidiary. "The GenuDot System is a low cost, easy to implement, hardened, security-enabled, end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. . It offers a solid, provable return on investment given that U.S. manufacturers are estimated to lose more than $400 billion dollars annually to product diversion and counterfeiting." The GenuDot System leverages the o-chip RFID technology developed by Hitachi, GenuDot RFID readers and a proprietary, web-based application See Web application. that both assigns and tracks the unique and unalterable o-chip ID codes inside the o-chip. Included are development tools and deployment emulators. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Sheriff, the GenuDot System is simple to deploy and even simpler to use. * Step 1: Install GenuDot reader units at strategic locations throughout the manufacturer's distribution and retail network. * Step 2: Purchase o-chips specially produced by Hitachi for the GenuDot System. Each chip measures only 0.4mm square (about the size of a grain of pepper) and contains a unique 128-bit ID code, a portion of which is a specific AirGATE GenuDot ID. The UID (programming, database) uid - 1. user identifier. 2. unique identifier - of any sort, possibly following sense 1. Compare with SKU for sense-development. is hard coded into the chip during its manufacture. AirGATE exclusively controls its blocks of UID numbers, and the AirGATE o-chips, like all o-chips, cannot be cloned or copied. * Step 3: Embed the o-chip during the product-assembly process. Once a o-chip is embedded, the GenuDot System can be used to authenticate products from assembly, through transit to retail outlets and sale to consumer. GenuDot readers are available as manufacturing assembly line readers, standalone and handheld models to adapt to specific requirements. All readers are secure and encrypted with rolling security keys and will work only with AirGATE's o-chips and proprietary web-based secure verification database. * Step 4: Scan tagged products. If the GenuDot reader does not detect an embedded o-chip, it displays a red LED light. A yellow LED light indicates the embedded o-chip does not correspond with assigned AirGATE and manufacturer product ID codes. The GenuDot reader displays a green LED light and manufacturers' supplied data for products with a valid GenuDot product tag. It also captures variable data if required by manufacturers. "We've been working closely with Hitachi America for the past two years to bring to market a simple, non-privacy intrusive way to ensure product authenticity," said Michael L. Sheriff, 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 the X-Change Corporation. "Once installed, the GenuDot System is virtually foolproof. With all the uncertainty regarding product authentication, we believe this is the turnkey solution manufacturers have been waiting for." "AirGATE evaluated many RFID technologies and we are delighted that the Hitachi o-chip was selected as the best technology for the GenuDot application," said Chuck Wilson This article is about one of Passions characters. For one of gaikokujin tarento, see Charles Kent Wilson. Charles "Chuck" Wilson III was a minor guest appearance back in the early days of the NBC soap opera Passions. , deputy general manager of the Hitachi Security Solutions Group within Hitachi America, Ltd. "We welcome AirGATE and GenuDot to the Hitachi o-chip applications around the world. AirGATE's secure GenuDot Web-accessible validation database matched to the specific authentication characteristics and proven durability of the Hitachi o-chip will provide a powerful tool to combat brand fraud at the item level," he added. About Hitachi Hitachi America, Ltd., a subsidiary of Hitachi, Ltd., markets and manufactures a broad range of electronics, computer systems and products, and consumer electronics, and provides industrial equipment and services throughout North America. For more information, visit http://www.hitachi.us. Hitachi, Ltd., (NYSE:HIT)(TSE:6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 356,000 employees worldwide. Fiscal 2005 (ended March 31, 2006) consolidated sales totaled 9,464 billion yen ($80.9 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . For more information on Hitachi, please visit the company's website at http://www.hitachi.com. 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 An intelligent sensor takes some predefined action when it senses the appropriate input (light, heat, sound, motion, touch, etc.). Description The sensor has to do the following tasks:
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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