PMAH - PlasmaTech Launches its First Wireless Access Control Product--The 2400DL Wireless Door Lock with Built-in Card Reader
Date : 01/05/2010 @ 10:02PM
Source : Business Wire
Stock : PlasmaTech, Inc. (PMAH)
Quote : 0.194 0.0 (0.00%) @ 8:17AM
PlasmaTech Launches its First Wireless Access Control Product--The 2400DL Wireless Door Lock with Built-in Card Reader
PlasmaTech, Inc. (Pink Sheets:PMAH), a wireless technology innovator providing solutions to the $120 billion global security market, announced today it has officially launched its first wireless access control product, the 2400DL wireless door lock with built-in card reader. The 2400DL device remotely controls and helps prevent tampering to all access points in a business, home, government building, or anywhere the highest security protocols are required
PlasmaTech's wireless door lock easily mounts to virtually any door, greatly reducing the time and construction costs associated with replacing, retrofitting or removing existing wired security systems. PlasmaTech’s engineering recognizes that with less security personnel and outdated wired systems, a building is left vulnerable to physical attack or loss of data intelligence. Designed with today’s virtual working environments in mind, PlasmaTech’s wireless door locks provide a cost-effective solution to lessen the risks to building security. The company’s wireless solutions allow organizations to reduce the costs of security and conserve valuable resources across the enterprise. “Our wireless access control solutions deliver military-grade security remotely, and with total wireless control that allows organizations to meet increased security needs while containing costs, which is certainly an attractive benefit in the current economic environment,” said President of PlasmaTech, Inc. Marvin Williams
Williams continued, “We anticipate sales agreements for a number of large installations for the 2400DL.” Williams also indicated that the Company is working with its resellers to various state and local governments on developing customized wireless access control products that will further demonstrate the flexibility of its solutions. He said that the Company plans to release a retail version of the 2400DL for the consumer home market in the latter half of 2010
Since installation of the PlasmaTech technology does not require replacement of host or peripheral equipment, the Company reduces the need for complicated wiring of doors and gates. The card reader data, door position sensing, egress, lock control and auxiliary inputs and outputs are all controlled remotely using PlasmaTech proprietary and copyrighted wireless access control technologies, devices and systems
About PlasmaTech, Inc. PlasmaTech, Inc. is an innovator in the development, design, manufacturing and worldwide marketing of secure wireless solutions for consumer, industrial and government applications. PlasmaTech’s platform technology provides military-grade encryption security for the transmission of data, voice and video over wireless data communication links, offering extreme distances that were previously unachievable in the industry. Visit the Company’s website at www.plasmatechwireless.com
Statements in this press release may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “virtually,” “estimate,” “expect,” “intend,” “plans,” and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in PlasmaTech’s filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to the ability of PlasmaTech to pay its debts to RF Wireless in order to retain title to PlasmaTech’s intellectual property, the ability of PlasmaTech to effectively manage the intellectual property acquired from RF Wireless and integrate it into the business of PlasmaTech, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on PlasmaTech’s website does not constitute a part of this release
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