Mr. Griebenow: AXCESS is in the physical security product space in the security industry segment. We provide automated, intelligent surveillance systems for the enterprise and for government. Using technology, our goal is to extend the security network and make it more effective and less labor intensive through the use of RFID wireless tagging, digital streaming video and networking. Our systems automatically locate, identify, track, monitor and protect the assets. Those assets are typically people, vehicles, computers, inventory, test equipment, etc. In security as well as in asset management, particularly post-9/11, human eyes really can't productively address the challenges of the 21st century, so we employ automatic sensing, surveillance and notification as required. Quite simply, we use a computer network and wireless technology as a platform for application solutions using streaming video and battery-powered wireless tags commonly referred to as active RFID tags (radio frequency identification tags). We target those technologies toward four applications. One is personnel access control and tracking. The second is vehicle access control and logistics. Next is asset management, monitoring and protection. And finally, security video recording and remote surveillance (again, all over the network). The result is a system that's more intelligent and more productivity enhancing, which provides much greater coverage than would ordinarily be provided by full-time humans watching the assets or the people. And we offer that at a lower cost than the systems in place today, which ultimately boils down to a productivity gain for the people that implement it. We're traded on the OTC Bulletin Board. The company was actually taken public way back in the early 1980s under the name LaserTechnics. It's been oriented to the security and access control space its entire life. Back in the 20th century, the company provided access control cards and credentials for immigration. That technology was sold off and since 1999 it's focused on using active RFID and CCTV technology for automating surveillance, again leveraging the corporate network.
Tickers included in this excerpt: AXSI
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