2-Track Global Inc Announces Commercial Tie-up with IPICO for Completion of its Latest Security Product PAS
NEW YORK--2-Track Global Inc (TOTG) (OTC:TOTGE) today announced that it had entered into contractual negotiations with IPICO to use IPICO's patented dual frequency RFID technology to develop a revolutionary new concept called Personal Accountability Systems (PAS). This revolutionary security system enables major organisations to keep efficient, cost-effective control and track on the whereabouts of its staff and visitors in the event of an emergency situation arising such as the tragic events of 9/11. The PAS system enables corporations to keep track of exactly who is entering and leaving the building, utilising totally hands-free technology and covering all entrances and exits in a building 24 hours a day. The system is independent of all other security systems operating in the building and therefore does not interfere with existing systems.
Mike Jung, President of 2-Track Global Inc stated "We are very proud of our working relationship with IPICO and the fact that we utilised its RFID technology with our own technology and know-how to develop state of the art security and monitoring systems for people in large offices. The tragic events of 9/11 have enabled us to utilise our technology and know-how from other areas to work with IPICO to our mutual benefit. The trialling of these products is now complete and we are optimistic that there will be substantial demand for the type of product that has been developed. It has a unique application in the workplace and therefore I believe there will be a substantial demand for the technology services that we can provide".
Gordon Westwater, CEO of IPICO Inc commented "We are extremely pleased with the tie-up with 2-Track and the potential of this technology is huge. The requirement for enhanced personal security and emergency evacuation systems is a vastly expanding market and there is immediate requirement. This gives us optimism that we will, in the short term, be able to realise substantial sales for the product. The combination of our technology and development by 2-Track of its sophisticated software suite will prove invaluable to buildings and facility managers who have a requirement for this technology".
ABOUT IPICO INC.: IPICO is an RFID and global visible commerce supply-chain solution supplier with operations in the USA, South Africa, Europe, Asia and Australia. IPICO produces smart labels and tags based on the IP-XTM communication protocol. IPICO's low interference readers comply with regulatory requirements in major geographical regions, and allow for multi-reader rollout in close proximity. IPICO's low cost RFID products excel at long read range, fast multi-read anti-collision and high thru-beam read-speeds of dynamic tag populations. Beyond vehicles and containers, these products are used to optimize the management of items, people, animals and processes within the logistic supply chain and other values chains.
ABOUT 2-TRACK: 2-Track Global Inc (TOTG) is a technology development and marketing company which owns, operates and licences proprietary telematics solutions combining hardware and software applications run over wireless or satellite networks to deliver remote security management of marine and cargo fleets (including consumer solutions aimed at the leisure, marine and domestic security markets) and commercial vehicle plant and machinery management and security. The company has communications architecture technology which provides global logistics solutions for the remote monitoring of freight containers over multiple transport mores.
This press release includes certain statements, known as "forward-looking statements", which express the current expectations of 2-Track Global management. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect 2-Track Global Inc and its subsidiary businesses and prospects and cause actual results to differ materially from these forward-looking statements. Unanticipated product manufacturing and delivery issues, customer order push-outs or cancellations and product performance could cause actual results to differ materially from those currently anticipated as expressed in this press release. These risks and other risk factors relating to 2-Track Global Inc are described more fully in the most recent Form 8-K filed by 2-Track Global Inc and other filings from time to time with the Securities and Exchange Commission.
Contacts
2-Track Global Inc
Jay Shin, +44 20 7644 0472
www.2-trackglobal.com
or
IPICO
Franck Balestrieri, +33 475 443 238
www.ipico.com.
Mike Jung, President of 2-Track Global Inc stated "We are very proud of our working relationship with IPICO and the fact that we utilised its RFID technology with our own technology and know-how to develop state of the art security and monitoring systems for people in large offices. The tragic events of 9/11 have enabled us to utilise our technology and know-how from other areas to work with IPICO to our mutual benefit. The trialling of these products is now complete and we are optimistic that there will be substantial demand for the type of product that has been developed. It has a unique application in the workplace and therefore I believe there will be a substantial demand for the technology services that we can provide".
Gordon Westwater, CEO of IPICO Inc commented "We are extremely pleased with the tie-up with 2-Track and the potential of this technology is huge. The requirement for enhanced personal security and emergency evacuation systems is a vastly expanding market and there is immediate requirement. This gives us optimism that we will, in the short term, be able to realise substantial sales for the product. The combination of our technology and development by 2-Track of its sophisticated software suite will prove invaluable to buildings and facility managers who have a requirement for this technology".
ABOUT IPICO INC.: IPICO is an RFID and global visible commerce supply-chain solution supplier with operations in the USA, South Africa, Europe, Asia and Australia. IPICO produces smart labels and tags based on the IP-XTM communication protocol. IPICO's low interference readers comply with regulatory requirements in major geographical regions, and allow for multi-reader rollout in close proximity. IPICO's low cost RFID products excel at long read range, fast multi-read anti-collision and high thru-beam read-speeds of dynamic tag populations. Beyond vehicles and containers, these products are used to optimize the management of items, people, animals and processes within the logistic supply chain and other values chains.
ABOUT 2-TRACK: 2-Track Global Inc (TOTG) is a technology development and marketing company which owns, operates and licences proprietary telematics solutions combining hardware and software applications run over wireless or satellite networks to deliver remote security management of marine and cargo fleets (including consumer solutions aimed at the leisure, marine and domestic security markets) and commercial vehicle plant and machinery management and security. The company has communications architecture technology which provides global logistics solutions for the remote monitoring of freight containers over multiple transport mores.
This press release includes certain statements, known as "forward-looking statements", which express the current expectations of 2-Track Global management. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect 2-Track Global Inc and its subsidiary businesses and prospects and cause actual results to differ materially from these forward-looking statements. Unanticipated product manufacturing and delivery issues, customer order push-outs or cancellations and product performance could cause actual results to differ materially from those currently anticipated as expressed in this press release. These risks and other risk factors relating to 2-Track Global Inc are described more fully in the most recent Form 8-K filed by 2-Track Global Inc and other filings from time to time with the Securities and Exchange Commission.
Contacts
2-Track Global Inc
Jay Shin, +44 20 7644 0472
www.2-trackglobal.com
or
IPICO
Franck Balestrieri, +33 475 443 238
www.ipico.com.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.