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Fred Barrett Joins OnAsset Intelligence as Vice President of Information Systems

"Fred Barrett is a superb addition to our team," said Adam Crossno, "His success as an entrepreneur in business applications for remote connected assets compliments perfectly OnAsset's strategic direction for our end-to-end asset protection services."

Barrett has a proven track record as a technology innovation leader and successful entrepreneur. Prior to OnAsset, in 2001, Barrett co-founded RFTrax, Inc., a hardware and software technology company focused on supply chain visibility and high value asset management. Barrett led the company's technology initiatives, positioning the products for inclusion in the U.S. Department of Homeland Security's Operation Safe Commerce container security initiatives and other international supply chain activities. Barrett co-developed and received a patent for "intermodal telemetry and monitoring solution" which is now in use by major corporations (U.S. Patent #7135976). In 2005, RFTrax was acquired by Fairfield Industries of Sugar Land, TX.

"OnAsset really understands the next generation requirements that customers are demanding for supply chain visibility, security and control," said Fred Barrett. "OnAsset's product innovations uniquely position them to bring real customer value and key performance visibility to the global shipping community, regardless of the mode of transportation. It is an exciting time to be part of the company as these new capabilities become available to the market."

In his role, Barrett will be leading the OnAsset software development team as the company continues to develop next generation features for their OnAsset Platform, reporting to President and CEO, Adam Crossno.

Barrett will be opening the west coast office of OnAsset in Allyn, Washington (Seattle area), where he is also an active Rotarian, and Board President of the Pacific Northwest Salmon Center, a non-profit organization dedicated to education, research and preservation of wild salmon.

About OnAsset

OnAsset Intelligence Inc. is a leading provider of wireless devices and software solutions focused on helping customers wirelessly locate, track, connect, control and manage fixed and mobile assets in real-time. The company's M2M products and services include its flagship line of SENTRY wireless hardware including the premier FlightSafe Air Cargo unit, the OnAsset Platform , and global wireless connectivity services. OnAsset serves Fortune 500 companies, government and military operations and small to mid-size businesses by creating guaranteed business value through innovative solutions. The company is headquartered in Irving, Texas. For additional information, please visit http://www.onasset.com/

OnAsset Intelligence Inc.
Nikki Cuban, 972-659-1619 x 138
ncuban@onasset.com