AMP.L Regulatory News (AMP)

23 Mar 2007 07:01

Amphion Innovations PLC23 March 2007 Port of Barbados Selects Axcess to provide Security Systems for the Cricket World Cup 2007 New York, March 23, 2007 - Amphion Innovations, plc today announced that itsPartner Company, AXCESS International Inc. (OTCBB: AXSI.OB), a company in whichit has a 9% ownership, has won a $2 million contract from the Port of Bridgetownin Barbados to install an integrated radio frequency identification (RFID) andsensor system being deployed to enhance security measures for the Cricket WorldCup 2007. The security system includes AXCESS' unique ActiveTagTM technology andinfrastructure; wireless sensors; and underwater cameras that work in concert todetect and manage security threats. The ActiveTag technology is designed to dramatically increase security coverageat the Port by automating the capture of a broad collection of real-timesecurity information. The system has the capability for real time processing ofthe data, which enables automatic delivery of exception-based alerts forsecurity personnel. The system is currently being installed and is expected tobe completed in phases over the first half of 2007. AXCESS has a strong foothold in the active RFID market, which is expected toreach more than $12 billion by 2010 according to research firm IDTechEx. Thedemand is driven by an increased need for solutions that can better safeguardimportant institutions and geographic areas through electronic monitoring,tracking and counting physical assets as well as provisioning access to peopleand vehicles. Increased capability and reduced cost and size of active RFID tagsare driving the rapid adoption. "We are in an era, where planners for events, like the Cricket World Cup, mustmake security a paramount concern," said Amphion chief executive officer RichardC.E. Morgan. "As active RFID technologies continue to prove their worth inefficiently securing locations of interest, the market for these technologieswill grow. The selection of AXCESS by the Port of Bridgetown in Barbados forthis critical project clearly demonstrates that AXCESS's ActiveTag technology isthe technology of choice for those looking to deploy the latest in securitysolutions." Excerpts from AXCESS International's announcement, released yesterday, are asfollows: "Barbados Port Inc. has a heritage of high quality operations", said EvertonWalters, Managing Director and CEO of Barbados Port Inc. "We are expanding andit became apparent we needed to deploy the most modern of security tools toprovide the necessary coverage and level of security. This system will leverageour security resources substantially leading up to and during the Cricket WorldCup 2007 this spring and well into the future." "We are bringing together the very latest in sensor detection capabilities andintegrating them in an intelligent, automated system", said Allan Griebenow,president and CEO at AXCESS. "With broad coverage and the ability to analyzethe information electronically in real time, security personnel are able torespond to exception-based alerts making them more productive and betterprepared to address modern day threats." About Amphion Innovations, plc Amphion Innovations plc, (AIM:AMP) employs a time-tested methodology in creatingand building companies whose IP enables life-extending discoveries to occur morerapidly. Working in partnership with universities, corporations, governments andentrepreneurs, Amphion helps form, finance, manage and develop of life sciencesand technology companies looking to commercialise their IP. The companies thatAmphion builds all have defensible solutions that address existing andsignificant market demand. Amphion's management team has built more than 30companies in 20 years, all of which have achieved value in excess of $120million. Amphion is based in new York City and London, England. On the web: www.amphionplc.com About AXCESS International Inc. AXCESS International Inc. (OTCBB:AXSI), headquartered in greater Dallas, TX,provides Enterprise DotTM, Dual-ActiveTM RFID (radio frequency identification)and Real Time Location Systems (RTLS) for asset management, physical security,sensing and supply chain efficiencies. The battery-powered (active) RFID tagslocate, identify, track, monitor, count, and protect people, assets, inventory,and vehicles. The patented technology enables applications including: automatic"hands-free" personnel access control, automatic vehicle access control andlogistics management, automatic asset management, and sensor management. AXCESSis a portfolio company of Amphion Innovations plc. On the web: www.axcessinc.com Enquiries:Amphion Innovations +1 (212) 210 6224Josh Berkman, Media Relations +1 (646) 747 7158 Financial Dynamics +44 207 831 3113Ben Atwell/John Gilbert This information is provided by RNS The company news service from the London Stock Exchange