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New Gyyr Division
Will Demonstrate Its Comprehensive Access
Control Product Line
Las
Vegas, NV April
4, 2001 Gyyr Electronic Access Control (EAC), a
subsidiary of Odetics, Inc.
(NASDAQ: ODETA & ODETB), will feature biometric facial
recognition software, in addition to access control software
for small- to midsized organizations, at ISC West April 4
- 6 in Las Vegas. The company will also demonstrate all components
of its AXxess 202™ family of security management products,
consisting of software, hardware, and digital video badging.
In a press conference on April 4, Gyyr EAC will reveal details
about the recent Gyyr, Inc. reorganization into two divisions.
This press conference will take place at 10:00 a.m. in room
105 of the Las Vegas Sands Convention Center, hosted in conjunction
with Gyyr CCTV Products.
"Gyyr
EAC is totally dedicated to the development of enterprise
security management systems," explains Wesley R. Appleby,
vice president and general manager. "In just two months
since the Gyyr reorganization, EAC has significantly enhanced
its core product, AXxess 202, with leading-edge biometric
facial recognition, and has been able to address the needs
of smaller organizations via entry-level software. We've been
developing access control technology since the mid-1980s
longer than most of our competitors. The innovations we are
releasing this week demonstrate our commitment to continually
enhance our product offerings."
In booth
4156, Gyyr EAC will demonstrate its entire AXxess 202 security
management product line. This industry-compatible technology
now consists of facial recognition; entry-level and enterprise-wide
access control; digital video badging; CCTV integration; network
communication; and door control/ monitoring.
Gyyr EAC
will feature biometric security in its ISC exhibit via a new
facial recognition software package. Unlike competitive software
that only stores portions of the face, Gyyr's biometric technology
compares the full facial area. Its biometric template offers
accurate and fast matching of badge holders by storing facial
images as mathematical algorithms and randomly updating these
images. This software accepts different kinds of likenesses,
including imports from live CCTV, videotape, photos, photo
fits and professional artist impressions. Gyyr's facial recognition
software is integrated with Gyyr's AXxess 202 security management
system to provide a higher level of protection for sensitive
security areas. It will be available in late May or early
June through Gyyr's network of systems integrators.
For companies
requiring basic security management, Gyyr EAC now offers AXxess
EXpress entry-level access-control software. This Windows®-based
technology needs no advanced technical expertise to operate.
It offers small- to midsized organizations a feature-rich
solution for building and parking access and alarm point monitoring.
Additionally, AXxess EXpress allows a cost-effective upgrade
path to the more powerful and customizable AXxess 202
enterprise software. AXxess EXpress is priced at $750.00 retail55%
less than the enterprise solution.
Gyyr EAC
will also exhibit the other components of its complete enterprise
security management system. These consist of: 1) VideoKey™,
a low-cost, complete digital video badging system; 2) RAMM™,
remote-access memory for local and remote-site management—including
network connectivity—of door and alarm monitoring; 3) card
readers; and 4) BarLock Processors (BLP™ 206), which gather
data on door control/monitoring and alarms.
Gyyr EAC
intends to further enhance its enterprise security management
solutions with new database capabilities and a more interactive
graphical user interface. These offerings are expected to
be released by mid-summer.
About
Gyyr Electronic Access Control
Gyyr has
been developing and manufacturing access control products
since 1984. Earlier this year, the Gyyr Electronic Access
Control division was formed as a sister company to Gyyr CCTV
Products.
Headed
by Wesley R. Appleby, vice president and general manager,
Gyyr EAC develops security management system solutions for
commercial businesses, Fortune-ranked companies, educational
institutions, government and medical facilities. Products
are sold worldwide through a well-established network of systems
integrators. For more information about Gyyr EAC, please call
(714) 780-7458 or toll free at (800) 842-0221, or fax (714)
780-7592, or visit www.gyyr.com. The company is headquartered at
1515 South Manchester Avenue, Anaheim, CA 92802-2907.
About
Odetics
Odetics
Inc. is a California-based company engaged in the development
of communication and technology companies that may be spun-off
to its shareholders. Odetics companies develop software and
hardware-based solutions for the television broadcast, video
security, telecommunications, and intelligent transportation
systems markets. Odetics headquarters are located in Anaheim,
California, with additional operations in Europe and Asia.
IMPORTANT
NOTICE:
This
press 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 business development 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.
AXxess
202, AXxess EXpress, VideoKey, RAMM and BLP 206 are trademarks
of Odetics, Inc. All third-party products mentioned herein
are trademarks of their respective companies.
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