MAXxess Announces New Class of Environmental Security System

Anaheim, CA January 4, 2002— MAXxess Systems, Inc., a wholly owned subsidiary of Odetics Inc. (NASDAQ: ODETA & ODETB) announced the introduction today of an environmental security system that extends well beyond the current, conventional access control systems. This new class of security management system was designed to meet today's heightened security concerns. Unlike traditional access control systems that were developed to insure that only authorized employees could enter designated areas, the new MAXxess System has been designed to:

  • Detect threats such as explosives or chemical warfare agents
  • Expand the boundaries of security beyond the facility itself
  • Harden the security system to eliminate hacking or spoofing

"Our customer's security requirements have changed," said Wes Appleby, President of MAXxess Systems. "A year ago their most serious concern was theft or industrial espionage. Today, they have broadened that concern to include terrorist activities."

MAXxess designates systems that address terrorist security threats as level 4 security systems. They employ new detection technologies such as chemical detectors, combustible gas sensors that have not previously been employed in the United States. They also integrate a new class of vehicle detecting video cameras that allow the central security station to monitor unusual vehicular activity outside and around the facility.

"MAXxess environmental security systems are designed to provide level 4 capabilities with solutions that are harmonious to customers operations," continued Appleby. "Most of this heightened detection is transparent to the work environment. We intend to keep expanding the systems functionality and will be announcing other unique detection modules in the months ahead."

About MAXxess

MAXxess specializes in the design and manufacture of high-level security electronic access control and security management systems. The company provides flexible security systems for a wide variety of facilities. MAXxess is a pioneer in developing the new wide area Ambit Security™ Systems. The company also pioneered the use of 128-bit encryption for commercial access control applications. For more information, contact MAXxess at 1-800-842-0221 or go to the MAXxess website at www.maxxess-systems.com.

About Odetics

Odetics is engaged in the development of communication and technology companies that may be spun-off to its shareholders. Odetics provides control and security for roadways, facilities, and networks. Odetics headquarters are located in Anaheim, with additional operations in Europe and Asia. For information, contact Odetics at 714-774-5000 or access the Odetics website at www.odetics.com.

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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