AMP.L Regulatory News (AMP)

23 Mar 2007 14:42

Amphion Innovations, plc today announced that its Partner Company,AXCESS International Inc. (OTCBB: AXSI), a company in which it has a9% ownership, has won a $2 million contract from the Port ofBridgetown in Barbados to install an integrated radio frequencyidentification (RFID) and sensor system being deployed to enhancesecurity measures for the Cricket World Cup 2007. The security systemincludes AXCESS' unique ActiveTag(TM) technology and infrastructure;wireless sensors; and underwater cameras that work in concert todetect and manage security threats. £ The ActiveTag technology is designed to dramatically increasesecurity coverage at the Port by automating the capture of a broadcollection of real-time security information. The system has thecapability for real time processing of the data, which enablesautomatic delivery of exception-based alerts for security personnel.The system is currently being installed and is expected to becompleted in phases over the first half of 2007. £ AXCESS has a strong foothold in the active RFID market, which isexpected to reach more than $12 billion by 2010 according to researchfirm IDTechEx. The demand is driven by an increased need for solutionsthat can better safeguard important institutions and geographic areasthrough electronic monitoring, tracking and counting physical assetsas well as provisioning access to people and vehicles. Increasedcapability and reduced cost and size of active RFID tags are drivingthe rapid adoption. £ "We are in an era, where planners for events, like the CricketWorld Cup, must make security a paramount concern," said Amphion chiefexecutive officer Richard C.E. Morgan. "As active RFID technologiescontinue to prove their worth in efficiently securing locations ofinterest, the market for these technologies will grow. The selectionof AXCESS by the Port of Bridgetown in Barbados for this criticalproject clearly demonstrates that AXCESS's ActiveTag technology is thetechnology of choice for those looking to deploy the latest insecurity solutions." £ Excerpts from AXCESS International's announcement, releasedyesterday, are as follows: £ "Barbados Port Inc. has a heritage of high quality operations,"said Everton Walters, Managing Director and CEO of Barbados Port Inc."We are expanding and it became apparent we needed to deploy the mostmodern of security tools to provide the necessary coverage and levelof security. This system will leverage our security resourcessubstantially leading up to and during the Cricket World Cup 2007 thisspring and well into the future." £ "We are bringing together the very latest in sensor detectioncapabilities and integrating them in an intelligent, automatedsystem," said Allan Griebenow, president and CEO at AXCESS. "Withbroad coverage and the ability to analyze the informationelectronically in real time, security personnel are able to respond toexception-based alerts making them more productive and better preparedto address modern day threats." £ About Amphion Innovations, plc £ Amphion Innovations plc (AIM:AMP) employs a time-testedmethodology in creating and building companies whose IP enableslife-extending discoveries to occur more rapidly. Working inpartnership with universities, corporations, governments andentrepreneurs, Amphion helps form, finance, manage and develop lifesciences and technology companies looking to commercialise their IP.The companies that Amphion builds all have defensible solutions thataddress existing and significant market demand. Amphion's managementteam has built more than 30 companies in 20 years, all of which haveachieved value in excess of $120 million. Amphion is based in New YorkCity and London, England. £ On the web: www.amphionplc.com £ About AXCESS International Inc. £ AXCESS International Inc. (OTCBB:AXSI), headquartered in greaterDallas, TX, provides Enterprise Dot(TM), Dual-Active(TM) RFID (radiofrequency identification) and Real Time Location Systems (RTLS) forasset management, physical security, sensing and supply chainefficiencies. The battery-powered (active) RFID tags locate, identify,track, monitor, count, and protect people, assets, inventory, andvehicles. The patented technology enables applications including:automatic "hands-free" personnel access control, automatic vehicleaccess control and logistics management, automatic asset management,and sensor management. AXCESS is a portfolio company of AmphionInnovations plc. £ On the web: www.axcessinc.com Copyright Business Wire 2007