Viyya Technologies to Package iTrax Technology with Security Operations Portal; Innovative Solution Projected to Become New Sta
May 09 2006 - 8:00AM
Business Wire
Viyya Technologies, Inc. (Pink Sheets:VYON), announced today that
it has entered into a strategic agreement with Homeland Security
Network, Inc. (Pink Sheets:HSYN), whereby Viyya will serve as a
reseller of Homeland Security Network's iTrax global asset tracking
and remote theft prevention solution and bundle the iTrax
Technology with its Security Operations Portal. iTrax combines GPS
tracking capability with a web interface in one simple device,
working in tandem with a user's mobile phone, PDA, or computer. A
proprietary one-click/one-call technology, iTrax provides
single-point access to safety and convenience features that
eliminate the need for third-party involvement and represent
considerable advantages over current GPS products and
location-based services. iTrax responds to the complex security
concerns of government entities and corporate users by providing a
network of security devices that identify, locate and monitor the
location of any mobile asset. For individual consumers, iTrax
places control completely in the user's hands, providing peace of
mind without substantial upfront investments. "iTrax technology
delivers performance and functionality that current, antiquated
radio frequency trackers and GPS devices cannot match at any
price," said Charles Norman, CEO of Homeland Security Network. "We
look forward to leveraging Viyya's extensive sales network to bring
the iTrax solution to thousands of enterprise users across the
country." According to industry sources, the global demand for
real-time track and trace applications is growing exponentially as
companies strive to improve security and customer service. In
addition to thriving demand from the logistics, homeland security
and military sectors, market opportunities are emerging in the
consumer automobile and insurance sectors. A recent report from The
Yankee Group confirms that while the current market for real-time
location systems is small - approximately $20 million in sales in
2005 - falling chip prices and increasing enterprise wireless LAN
deployments will help push the market to more than $1.6 billion by
2010. "Our Security Operations Portal and VIYYA(TM) driven
technologies monitor real-time events and activities within an
organization providing actionable intelligence for management.
iTrax is the perfect portal component to track, monitor and manage
mobile assets. Together we provide a total solution that will
become the new standard in affordable GPS and real-time event
monitoring technology," said John Bay, CEO of Viyya Technologies.
"By aligning itself with a product and a company that are on the
cutting edge of real-time tracking technology, Viyya is now
strategically positioned to capitalize on this surge of new market
interest." About Homeland Security Network Homeland Security
Network, Inc. is a publicly traded company specializing in
high-technology consumer security and tracking systems. For more
information, please visit http://www.hsni.us. About Viyya
Technologies Viyya Technologies (Pink Sheets:VYON) is the developer
and marketer of the world's most advanced, web-based information
management application. The company's core technology manages
disparate information from the Internet, corporate intranets,
databases, newsgroups, email, and third-party feeds by enabling
users to customize the way they collect, process, distribute and
store data. VIYYA(TM) gives users the ability to retrieve filtered
content from many sources, determine the relevancy of the
information, and have the information processed into notifications,
daily reminders, newspapers, or archived for future use. For
additional company information, please visit http://www.viyya.com.
Legal Notice: "Forward-looking statements" as defined in the
Private Securities Litigation Reform Act of 1995 may be included in
this release. These statements relate to future events or financial
performance; are based on current expectations/projections about
Viyya and its industry; and may differ materially from actual
future results or events. Such words as "expects", "believes", and
"anticipates" are intended to identify these statements. Viyya
disclaims any intention or obligation to revise any forward-looking
statements whether as a result of new information, future
developments or otherwise.
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