Axesstel Secures Initial Order for AxessGuardI Security Alarm Device
Launches First Machine-to-Machine Enterprise Solution Expand Its Product Portfolio Appealing to New Customers and an Existing Product Base of 3 Million Previously Sold Units
Tuesday January 6, 2009, 8:00 am EST
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SAN DIEGO--(BUSINESS WIRE)--Axesstel, Inc. (AMEX: AFT - News), a leader in the design and development of fixed wireless voice and broadband data products, launched its inaugural machine-to-machine (M2M) enterprise solution, the AxessGuard™I security alarm system that connects with fixed wireless phones or terminals to generate an alert via SMS (Short Message Service) or phone call in the event of a security breach. The company received its first order and product began to ship in the 2008 fourth quarter.
Clark Hickock, chief executive officer for Axesstel, said, “We continue to offer products that place Axesstel in the forefront with relevant fixed wireless telecommunications solutions. The AxessGuard™I is our initial M2M offering that provides an easy to install, cost effective security system for residences and businesses in either CDMA or GSM networks. It further diversifies our product portfolio with an M2M data solution and we believe AxessGuard™I is just the beginning of our entry into the M2M arena.”
“We are excited to have won our initial order from an existing Latin American customer and intend to market the security device to all of our regions worldwide. In addition to introducing this product to new customers, the over 3 million installed Axesstel phone and/or terminal device users provide a significant existing market opportunity, as they can enjoy the benefits of our security alarm system by purchasing the security device and upgrading their phones with a simple download,” Hickock added.
The AxessGuard™I is available in two models: the AGX10 (CDMA version) and AGG10 (GSM version), and offers an innovative security system with which end users can be notified of any motion detected in the area they want to secure by simply connecting the devices to an existing Axesstel CDMA or GSM fixed wireless phone or terminal – its simple plug-and-play installation requires no additional power source. With built-in motion detectors, the device triggers the fixed wireless phone or terminal to send out an alert message via SMS or make a call to up to 5 preprogrammed mobile or fixed numbers upon detecting motion in the secured area. The device can be armed or disarmed through the keypad or by SMS from programmed mobile phones remotely with password.
About Axesstel, Inc.
Axesstel (AMEX:AFT - News) is a recognized industry leader in the design and development of fixed wireless voice and broadband data products. Axesstel’s best in class product portfolio includes broadband modems, 3G gateways, voice/data terminals, fixed wireless desktop phones and public call office phones for high-speed data and voice calling services. The company delivers innovative fixed wireless solutions to leading telecommunications operators and distributors worldwide. Axesstel is headquartered in San Diego, California with a research and development center in Seoul, South Korea. For more information on Axesstel, visit www.axesstel.com.
© 2008 Axesstel, Inc. All rights reserved. The Axesstel logo is a trademark of Axesstel, Inc.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
With the exception of historical information, the statements set forth above include forward-looking statements relating to market penetration and conditions, product capabilities and the timing of new product introductions which may affect future results and the future viability of Axesstel. Axesstel wishes to caution readers that actual results could differ materially from those suggested by the forward-looking statements due to risks and uncertainties and a number of important risk factors. Those factors include but are not limited to unforeseen manufacturing difficulties, unanticipated component shortages, competitive pricing pressures and the risk factors noted in Axesstel's filings with the Securities and Exchange Commission, such as the rapidly changing nature of technology and frequent introductions of new products and enhancements by competitors; the competitive nature of the markets for Axesstel's products; product and customer mix, Axesstel's need to gain market acceptance for its products; the risks of primary dependence on a limited number of significant customers; potential intellectual property-related litigation; Axesstel's need to attract and retain skilled personnel; and Axesstel's primary reliance on its sole contract manufacturer. All forward-looking statements are qualified in their entirety by this cautionary statement, and Axesstel undertakes no obligation to revise or update this press release to reflect events or circumstances occurring after this press release.
Contact:
Company PR Contact:
Axesstel, Inc.
Alysia Lee, +1-858.625.2100 X310
alee@axesstel.com
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Kirsten Chapman / Cathy Mattison
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