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TWST: Please tell us about AXCESS.
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
For more information call (212) 952 7400. The
Wall Street Transcript does not endorse any of the comments made by interviewees, and does
not make stock recommendations.
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