X-Change Receives Order for SAW-Based Delay Lines and Temperature Sensors Study.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 received from NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. - Johnson Space Center a purchase order for a study of 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") delay lines and temperature sensors. E[acute accent acute accent n. A mark (´) indicating: a. that a vowel is close or tense, as é in French été. b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek. c. ]The study is expected to lead to further development of custom SAW delay lines and temperature sensors. Today's news follows an August 3 release announcing AirGATE's sale of a (SAW) development system to NASA - Johnson Space Center. E[acute accent]The basic SAW device is a thin metal film structure deposited on top of a piezoelectric crystal piezoelectric crystal Cardiac pacing A crystal that produces electrical signals when subjected to mechanical deformation; in pacing, PC sensors are used to detect motion, changes in pressure, etc, in certain rate-responsive pacemakers substrate with no power supplies. It reflects radio signal based on the pattern etched etch v. etched, etch·ing, etch·es v.tr. 1. a. To cut into the surface of (glass, for example) by the action of acid. b. onto its surface. These reflections can be de-coded into data. In addition to 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. , SAW devices make very accurate temperature sensors. The devices work well in harsh environments as well as in the presence of liquid and metals. E[acute accent]"We are extremely pleased by this expanding interest in our SAW systems and additional commitment from NASA - Johnson Space Center," stated Mike Sheriff, president and chief executive of X-Change Corporation. E[acute accent]"Currently," added Mr. Sheriff, "X-Change is positioned to ship SAW RFID tags and reader systems in volume, in addition to custom SAW designs and applications." This, he said, is the result of an exclusive national agreement for sale and support of SAW RFID systems signed in January with Carinthian Tech Research, a leading Austria-based developer of SAW RFID devices and technology. E[acute accent]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. E[acute accent]Forward-Looking Statements E[acute accent]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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. 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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