INFRAX SYSTEMS, Inc. (OTCBB: IFXY), a global provider of unified
Smart Grid-related products and services for the Energy and Utility
industries, announced today that its Lockwood Technology business
unit had secured additional contracts to automate asset management
for two municipal clients.
As previously disclosed, Infrax Systems acquired 70% interest in
Lockwood Technologies in April 2011 and the new contracts are the
first contracts completed after the transaction. Additionally,
Lockwood Technology also announced the release of Version 11.0 of
their enterprise software platform and is in the process of
upgrading a wide array of existing customers to the new
platform.
Lockwood's Asset Tracking Management Software automates the
major aspects of the Asset Life Cycle. The Product suite is made up
of modules, which are able to operate independently of one another,
are able to be configured to work together, or to be integrated
with non-Lockwood applications. Lockwood's software easily tracks
assets using bar coding, radio frequency (RFID), imaging, and
wireless technologies. The latest version of Lockwood software
includes major enhancements to their purchase order processing,
supply chain management and asset management capabilities.
The DockManager module for shipping and receiving has been
enhanced to provide seemless integration with the POmanager
application. The DockManager module provides web-based shipping and
receiving against purchase orders and is now browser agnostic
providing greater user flexibility.
The StockManager module graphical user interface, which provides
users with the ability to track and manage supplies, spares and
consumables, has been revamped to mimic the user interface of the
Asset Tracker application and the interaction between the two
applications is now more tightly linked. Users can now browse and
reserve parts while administering work orders, greatly improving
supply chain management.
Several enhancements have been made to the Asset Tracker module
as well. This module has been upgraded to enhance the current RFID
automatic data capture capability including real time location
tracking utilizing Wi-Fi. Additionally, the Help Desk component has
been upgraded to provide for automatic linkage to the StockManager
module, enabling the operator to reserve parts and supplies needed
to complete a work order and associate the consumption directly
back to the work order.
"We are very pleased with the recent developments and excited
about the interest in the Lockwood asset management platform that
has been expressed by our municipal and utility contacts," said
Paul J. Aiello, CEO of Infrax. "We expect that the introduction of
Lockwood's products into our existing sales channel will continue
to increase the deployment of Lockwood's robust applications."
Infrax plans to incorporate Lockwood's RFID tracking solutions
into its complete product portfolio and to continue to expand their
Integration Partner and affiliate programs. Lockwood's current
integration partners include Microsoft, Motorola, Lockheed Martin,
General Dynamics and GovPlace.
About Lockwood Technology Corporation
Since 1994 Lockwood Technology has focused on developing world
class asset tracking software and asset tracking services. Our
development teams have built efficient integrated systems for
clients worldwide. Our client base includes entities from many
vertical markets including: finance, healthcare, hospitality,
manufacturing, transportation, law enforcement, education, federal
government, public sector, legal, telecommunications and insurance.
Fortune 500 companies throughout the world choose Lockwood as the
solution that fits their need. Our affiliate program extends
throughout the United States, Canada, Europe, Asia and the Pacific
Rim. Our Asset Tracking & Management Software easily tracks
assets using bar coding, radio frequency (RFID), imaging, and
wireless technologies. Our Large Enterprise Edition is a
client/server, multi-user, menu-driven asset database manager which
runs on MS Windows XP, Vista and Windows 7 operating system,
utilize SQL Server 2005 & 2008 and can track virtually
anything!
Lockwood also offers a complete line of Mobile Information
Systems products, which are compatible with Windows Mobile and that
feature; bar coding, RFID, biometric, imaging and wireless
technologies. Lockwood products are offered for licensed in-house
use or as a hosted (SaaS) solution.
For Lockwood Technology information, visit
www.lockwoodtechnology.com
About INFRAX Systems Infrax Systems offers
a series of interrelated operational management, communications,
and grid security related products and services known as Secure
Intelligent Energy Platform (SIEP). Our products enable a
comprehensive and unified solution for communications and
applications management of the Smart Grid. SIEP™ incorporates a
wide array of communications, security, device and data management
tools for Smart Grid applications such as advanced metering
solutions and grid optimization. SIEP platform creates a unified
solution to securely manage Advanced Metering Infrastructure (AMI)
and distribution automation. Infrax's secure smart grid platform,
incorporates a communications transport and management system (Grid
Mesh™), device and data security management, and ultimately secures
intelligent endpoint devices (SIED). The secure management of the
"last mile" backhaul will be necessary for utilities to implement
Smart Grid applications including AMI, real-time pricing, Demand
Side Management (DSM), Distribution Monitoring and Automation. When
combined, these applications can offer economic, operational and
environmental benefits for utilities, and ultimately the utility's
customers.
For INFRAX Systems information, contact Investors@Infraxinc.com
or visit www.infraxinc.com.
Forward-Looking Statements This press release may contain
forward-looking statements covered within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements relate to, among other things, plans and
timing for the introduction or enhancement of our services and
products, statements about future market conditions, supply and
demand conditions, and other expectations, intentions and plans
contained in this press release that are not historical fact and
involve risks and uncertainties. Our expectations regarding future
revenues depend upon our ability to develop and supply products and
services that we may not produce today and that meet defined
specifications. When used in this press release, the words "plan,"
"expect," "believe," and similar expressions generally identify
forward-looking statements. These statements reflect our current
expectations. They are subject to a number of risks and
uncertainties, including, but not limited to, changes in technology
and changes in pervasive markets.
Contact: Media Contact: Infrax Systems, Inc.
investors@infraxinc.com 727-498-8514