ROCKVILLE, Md. , April 14 /PRNewswire-FirstCall/ -- VUANCE, Ltd. (Nasdaq and Euronext: VUNC), a provider of innovative Radio Frequency Verification Solutions, including active RFID, electronic access control, credentialing and incident response management, today announced that leading building developers are using AAID's AutoAccess Solutions to provide cost- effective parking services and generate additional revenues.
AAID's programmable tags communicate with long-range RFID readers to identify the presence, identification and location of vehicles, assets, people and alarm triggered events in fleet management, parking areas, airports, gated communities, and asset management applications.
One of the installations using AAID's solutions is The Madison Mark, a luxurious classically designed apartment building in Madison, WI. Recognizing that its underground garage is both a tenant service and a revenue source, the developers implemented a hands-free solution in which AAID's identification tags and readers grant or deny vehicles access to the garage as they approach the entrance. In addition, other surveillance controls, such as digital video, are incorporated into the system in order to trace vehicles and individuals once in the garage. AAID's solution, therefore, provides convenience and security to the end-user. By restricting access to parking stalls that have a past due balance, AAID's solution also increases the gross revenue that the developer can collect on time and with fewer management-related costs.
This system was installed and is maintained by Correct Cable Inc., one of VUANCE's business partners. The Company is working with other building developers, gated-community owners and hospitality industry owners to adopt the technology to their situations.
"AAID makes it easy to implement a cost-effective, hands-free system for controlling vehicular access to parking areas," said Josh Klein , President of Wisconsin -based Correct Cable. "The Madison Mark is a leading-edge example of how developers can use the technology to increase revenues while using remote management to maintain low overhead costs. We're also currently working with a local Hospital to outfit a fleet of ambulances with AAID's solution so access to restricted areas will be managed by the RFID tagging. I couldn't be more excited about the project and the value it will bring to the client."
"VUANCE works through leading business partner system integrators to enable developers, gated communities, and medical facilities with significant vehicular traffic to adopt AAID's AutoAccess Solutions," stated Eyal Tuchman , Chief Executive Officer of VUANCE, Ltd. "We're proud to be working with Correct Cable to facilitate easy implementation of our technology to meet the needs of a wide range of customers."
About VUANCE Ltd.
VUANCE Ltd. develops and markets state-of-the-art security solutions for viewing, tracking, locating, credentialing, and managing essential assets and personnel. VUANCE solutions encompass electronic access control, urban security, and critical situation management systems as well as long-range Active RFID for public safety, commercial, and government sectors. The Company's comprehensive range of products enable end-to-end solutions that can be employed to successfully overcome the most difficult security challenges. Its Incident Response Management System (IRMS) is the industry's most comprehensive mobile credentialing and access control system, designed to meet the needs of Homeland Security and other public initiatives. VUANCE is serious about security.
VUANCE Ltd. is headquartered in Rockville, MD . Its common stock is listed on the NASDAQ Capital Market and on the Euronext Exchange under the symbol "VUNC". For more information, visit www.vuance.com .
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company.
The Company also disclaims any duty to comment upon or correct information that may be contained in reports published by the investment community.
SOURCE VUANCE, Ltd.