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Gyyr
Announces Name Change to MAXxess
New Product Enhancements Address the Requirements
of Higher Level Security
ANAHEIM,
Calif. — Sep 18, 2001
— Gyyr Inc., a subsidiary of Odetics Inc. (Nasdaq:ODETA)(Nasdaq:ODETB),
has changed its corporate name to MAXxess™.
The new
name reflects the company's focus on its AXxess™ product
line, a family of electronic access control security management
systems, first introduced at Odetics in 1997. MAXxess will
reveal additional details during the ASIS trade show press
conference in San Antonio on Oct. 1 at 9 a.m.
"The MAXxess
name is an extension of the name of our flagship product line
– AXxess – that has achieved wide market acceptance
as a leader in highly integrated access control and security
management," explained Wesley R. Appleby, president of MAXxess.
"The new
name also reflects our company's mission of delivering security
management solutions that provide MAXimum Performance, MAXimum
Security, and MAXimum Access Control."
Concurrent
with the company's name change, MAXxess will introduce a number
of enhancements to its AXxess 202 product line during the
ASIS trade show Oct. 1-4 in Booth 964. These innovations include
data encryption using 128-bit technology for unparalleled
levels of protection.
Additionally,
a new graphical user interface provides interactive floor
plans for additional manual and visual door/alarm control,
new integration schemes to other manufacturers' access control
hardware, and PLC controllers. Commenting on the product enhancements,
Appleby stated: "High performance access control systems today
must utilize available network architectures for their communications.
"Users
are demanding more security for the data being communicated
over their networks. The vulnerability of unencrypted data
has been the Achilles heel of access control systems -- until
now. With 128-bit encryption, MAXxess is taking access control
systems to a new, and higher, level of security required for
today's applications."
The AXxess
202 product line offers complete access control, personnel
and security management. It functions under Microsoft Windows
platforms.
Additional
components include: entry-level access control, communication
over several types of networks, proprietary software that
is compatible with ODBC and SQL standards, tamper-resistant,
full-color video badging, barlock processing reader technology,
and an analog-to-26-bit conversion kit.
"We believe
the AXxess 202 product family offers the best price and performance
package for access control in the security market today,"
added Appleby.
All MAXxess
products are immediately available through the company's worldwide
network of more than 150 systems integrators. Product representation
extends throughout the United States and Canada, in addition
to Europe, the Middle East, South Africa, South America, and
Asia Pacific.
About
MAXxess
MAXxess is a manufacturer of high-level electronic access
control systems, and is the successor business to Gyyr. The
company's AXxess family of products has been exceeding the
needs of the electronic access control market since its acquisition
by Odetics in 1997.
Concurrent
with the sale of the assets of Gyyr's CCTV business to Silent
Witness Enterprises, Odetics changed the name of Gyyr Inc.
to MAXxess Inc. to reflect its exclusive focus on Electronic
Access Control. To access MAXxess' Web site, go to www.maxxesssystems.com.
About
Odetics
Odetics is engaged in the development of communication and
technology companies that may be spun-off to its shareholders.
Odetics companies develop software and hardware-based solutions
for the intelligent transportation systems, telecommunications,
video security, and television broadcast markets. Odetics
headquarters are located in Anaheim, with additional operations
in Europe and Asia.
Important
Notice
This news release contains statements that may be deemed
to be forward-looking. These forward-looking statements may
include statements about revenue growth, profit margins, the
effect of cost reduction measures, and other statements relating
to the operating results of Odetics or its subsidiaries. Actual
results could differ materially from those projected in the
forward-looking statements as a result of risk factors such
as: short product lives, technological shifts, current technical
issues that cannot be resolved on a timely basis, component
availability, competition (including new and directly competitive
products from others), pricing pressures, incorrect assumptions
regarding market demand, the significant uncertainty of market
acceptance of new products by both distributors and end-user
customers, unanticipated capital requirements, retention of
key personnel, general economic conditions, the inability
of the company to execute its strategy including the completion
of both private and public equity financings of its subsidiaries,
and other factors identified in the Odetics' Annual Report
on Form 10-K and Quarterly Report on Form 10-Q.
Investors are strongly encouraged to review the risk factors
set forth in the Odetics most recent SEC filings.
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