QADIMA, Israel and MCLEAN, Va., Sept. 10 /PRNewswire-FirstCall/ -- Vuance
Ltd. (formerly SuperCom Ltd.) (Nasdaq: VUNC; Euronext: VUNC), a leading
provider of incident management and active RFID solutions to homeland
security, public safety, commercial, institutional and governmental markets,
today announced that it has entered into a definitive agreement (the
"Agreement") to acquire, through its US subsidiary, Vuance Inc., the
Credentialing Division of Disaster Management Solutions Inc., for
The acquisition will complement Vuance's incident management solutions business, add an advanced first responder credentialing system (RAPTOR) to the Incident Response Management System (IRMS) product portfolio, and bolster the Company's presence in a variety of strategically important markets.
Under the terms of the Agreement, Vuance will pay
The RAPTOR system is an advanced tool for First Responders. It allows for the compartmentalized storage and secure retrieval of trusted identity, training, skills and licensure data, for appropriate credentials issuance. Using a system of advanced registration through a web-based portal, RAPTOR authenticates the registrant's identity and verifies the provided information through primary sources. RAPTOR's data are stored and processed within a card's memory and/or microprocessor chip(s). It is a scalable solution that can serve as the primary repository of a public or private credentialing program and/or be integrated with additional databases to provide comprehensive functionality to agencies.
"RAPTOR is the perfect complement to our IRMS product line, which combines wireless communication, authentication, and database management; it enhances our existing products and they, in turn, will enhance its value," said Eyal Tuchman, Vuance's Chief Executive Officer. "Moreover, RAPTOR gives our customers a new tool to enable them to issue HSPD-12 compliant credentials to their personnel prior to a natural or man-made incident."
"Consistent with the credentialing goals of the newly enacted 'Improving America's Security Act of 2007 (H.R.1)', RAPTOR allows for true scene control, accountability, and force protection," stated Tom Connell , II, newly appointed Division Manager for Vuance's Incident Response Management Solutions (IRMS) and chief architect of the RAPTOR System. "It is the first system in the country that allows incident commanders to trust the credentials being presented to them by emergency responders, regardless of what jurisdiction they come from, because it has been verified through a trusted primary source. This allows the incident commanders to compare skills and qualifications to an established minimum standard, as required by the Improving Americas Security Act, and allows incident commanders to allocate those personnel resources effectively. This will result in faster, more secure and effective decision- making, which can translate into saving lives."
About Vuance Ltd.
Vuance Ltd. provides innovative incident management, RFID and credentialing solutions to public safety, commercial and government sectors. The Company's Incident Response Management System (IRMS) is the industry's most comprehensive mobile credentialing and access control system, as required by Homeland Security and other initiatives. With the recent acquisition of SHC (manufacturer and distributor of RFID, security management and forward- thinking access control systems and equipment) and this recent Agreement with DMS, Vuance expands its flexible multi-technology RFID devices to provide a complete, cost-effective solution for the credentialing, validation and continuous tracking of assets and individuals. For more information, visit the Company's website at www.vuance.com.