VUANCE's AAID AutoAccess Solutions Provide Developers with Cost-Effective Parking Services & Opportunity to Increase Revenues
14 Abril 2008 - 1:00PM
PR Newswire (US)
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 http://www.vuance.com/ . Safe
Harbor 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. Investor/Media Contact Jerry Cahn, Ph.D.,
J.D. Target 3 Communications Tel: 646-827-0009 Fax: 646-827-9009
DATASOURCE: VUANCE, Ltd. CONTACT: Investors & Media, Jerry
Cahn, Ph.D., J.D. of Target 3 Communications, +1-646-827-0009, or
fax, +1-646-827-9009, or Web site: http://www.vuance.com/
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