Published:
VUANCE's AAID AutoAccess Solutions Provide Developers with Cost-Effective Parking Services & Opportunity to Increase Revenues
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 inMadison, 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 inRockville, 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 .
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
Jerry@target3.com
SOURCE VUANCE, Ltd.
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