Data Acquisition System combines software and hardware.
Press Release Summary:
Device Relationship Management (DRM) software provides real-time, continuous exchange of information between remote devices, business systems, and people. DRM(TM) distributed information management system is Firewall-Friendly(TM), and is composed of software products. SNAP hardware enables connections between business assets and systems to provide monitoring, management, and acquisition of information.
Original Press Release:
Opto 22 and Axeda Systems Partner for Remote Asset Monitoring and Management of Devices and Equipment
Axeda's Device Relationship Management Software and Opto 22 SNAP Hardware Form Integrated Solution to Debut at National Manufacturing Week
Temecula, CA and Mansfield, MA - March 18, 2002 - Opto 22, a manufacturer of hardware and software products for automation and control, remote monitoring, and data acquisition, and Massachusetts-based Axeda Systems Inc. (NASDAQ: XEDA), a provider of Device Relationship Management software and services, announced today that they have entered into a strategic alliance to promote a remote monitoring, service, and management solution for devices and equipment across a variety of industries.
Axeda specializes in providing Device Relationship Management (DRM) software and services. DRM(TM) is a category of enterprise software products that leverage the global reach of the Internet to provide a real-time, continuous exchange of information between remote devices, business systems and people. The Axeda DRM' System is a Firewall-Friendly(TM), distributed information management system composed of software products that interoperate at the device and enterprise to securely provide users and business systems with real-time device information.
Opto 22 is a leading manufacturer of high-quality hardware and software products that allow organizations to connect their manufacturing equipment, industrial automation systems, and other real-world devices to computer networks for the purposes of automation and control, remote monitoring, and enterprise data acquisition.
The integrated solution will enable customers to connect their critical business assets and systems, such as manufacturing machinery; energy, security, and environmental systems; and telecommunications equipment, to the databases and business applications they use to run their companies. This connection allows organizations to establish a vital link between these two sides of their business and improve overall operations through the monitoring, management, and acquisition of key business intelligence from throughout their entire enterprise. Secure, bi-directional communication is enabled within a diverse set of devices, even when they are hidden behind corporate firewalls. The innovative combination of Axeda and Opto 22 technologies delivers a robust infrastructure and set of applications for device service, monitoring and management, as well as enterprise applications integration.
"There are millions of devices that cannot be accessed by the service and business professionals who need the information locked inside to improve service, reduce costs, and enhance customer satisfaction," said Grant Challenger, vice president of sales at Axeda. "Opto 22's SNAP Ultimate I/O technology allows us to extend the reach of Axeda DRM to virtually any device in an enterprise, on a production floor, or at a remote site with the ease of installation and low cost required for rapid deployment and return on investment."
"Opto 22 and Axeda share a common vision: to leverage the power of the Internet and business' IT networks, in order to improve the flow of device data to business applications and information stakeholders," said Bob Sheffres, vice president of Opto 22. "We have concentrated our efforts in providing a seamless connection to monitor, control and gather data from a wide variety of devices and equipment, while Axeda has focused on securely managing this data so it can be used to solve real business problems. Aligning our efforts allows us to provide our customers with a complete solution."
Axeda and Opto 22 will demonstrate their integrated solution for the first time at the National Manufacturing Week exhibition beginning today in Chicago. Visitors can view the live demo at Axeda booth 5715, located within the Microsoft Partner Pavilion.
About Opto 22
Founded in 1974, Opto 22 manufacturers and develops hardware and software products, and offers service and support to automation end users, OEMs, and information technology and operations personnel, for applications in industrial automation, remote monitoring, and enterprise data acquisition. Utilizing standard, commercially available Internet, network, and computer technologies, our input/output and control system hardware and software products allow you to monitor, control, and acquire operational data from any mechanical, electrical, or electronic devices that are key to your business. With over 65 million points deployed worldwide, Opto 22 has a solid reputation for quality and reliability. Opto 22 products are sold through a worldwide network of distributors, partners, and integrators. For more information, contact Opto 22 headquarters at 800-321-OPTO or visit our Web site at www.opto22.com.
About Axeda
Formed from the union of eMation and Ravisent Technologies, Axeda Systems Inc. (NASDAQ: XEDA) is an enterprise software and services company that helps businesses become more competitive by using the Internet to tap the value of real time information to optimize their service, development, sales and manufacturing operations. The company's flagship Axeda Device Relationship Management System is a distributed software solution that lets businesses monitor, manage, and service intelligent devices deployed at remote sites. Axeda serves Global 2000 companies in multiple markets including the industrial and building automation, technology, medical instrumentation, and office and semiconductor equipment industries through sales and service offices in the U.S., Europe, Israel and Japan, and distribution partners worldwide. More information about Axeda is available at www.axeda.com.
© 2002 Axeda Systems. All rights reserved.
Axeda, Axeda Systems, Axeda DRM, Axeda Integrator, Axeda Enterprise, Axeda Agent, Axeda Administration, Axeda Applications, and Firewall-Friendly are trademarks of Axeda Systems Inc.
All other trademarks are property of their respective owners.
This press release may contain certain forward-looking statements that relate to Axeda's future business and financial performance. Such statements are subject to a number of risks and uncertainties that may cause the actual events of future results to differ from those discussed herein. Such factors include, among others: the potential for growth in the pervasive computing market; uncertainties regarding Axeda's stock repurchase program; Axeda's limited operating history, fluctuating quarterly operating results, expectation of future losses, dependence on current product lines, dependence on a small number of customers, lack of long-term commitments with customers, dependence on manufacturers and strategic relationships, and product delays; uncertainties in the market for DRM products; the long sales cycle for DRM products; limited distribution channels; the difficulty of protecting proprietary rights, the ability to manage growth and attract and retain additional personnel; the potential for defects in products; risks from international operations; Axeda's ability to raise capital in the future; competition; Axeda's ability to manage technological change and respond to evolving industry standards; and government regulation. Investors are advised to read Axeda's (formerly Ravisent Technologies Inc.'s) Annual Report on Form 10-K and quarterly reports on Form 10-Q and Forms 8-K and the company's proxy statement filed with the Securities and Exchange Commission, particularly those sections entitled "Factors Affecting Operating Results" and "Risk Factors" for a more complete discussion of these and other risks and uncertainties.
