|By Business Wire||
|October 4, 2012 03:11 PM EDT||
Viscount Systems Inc. (OTCMARKETS:VSYS) a high technology supplier of IT-focused solutions for physical security under its Freedom product line, announced today that the company has filed a series of patents for securing facilities and tracking users through the use of mobile, handheld devices such as phones or PDAs. The patents deal with the ability to use mobile devices to communicate with a door reader, rather than using traditional ID/access cards. The company previewed the technology at the recent ASIS security conference in Philadelphia and received excellent feedback including media coverage.
Security InfoWatch, a leading security industry magazine publisher, began their review of new technology at ASIS by stating, “When you think of what might be the greatest access control innovations from the show floor at ASIS this year, your first thought was probably a neat way to open doors with an iphone… Viscount used a mobile phone to open a door using only a QR (Quick Response) code. The code is mounted above the door, and the user need only scan the QR code to be granted access.”
“With Freedom we have already demonstrated our ability to dramatically improve ROI by eliminating the control panel component of systems,” noted Stephen Pineau, President and CEO of Viscount. “With Freedom Mobile we can now also eliminate the cost of RFID readers and cards to further improve ROI. The patents we have filed and the technology we are developing represents a tremendous opportunity for Viscount to deliver solutions as low cost Cloud applications based on a recurring revenue model that are normally delivered as electronic hardware.”
Mr. Pineau continued, “In addition to securing doors we have filed wide reaching patents covering mobile security applications that we have encountered in the past, but that for reasons relating to cost, end-users were hesitant to proceed. For example, large retail chains and restaurants have been looking for ways to track deliveries and contractors such as garbage and snow removal but the cost of wiring dedicated RFID systems is prohibitive. Other users have requested ways to locate staff without using expensive RFID muster stations in the event of emergencies and evacuations. Finally, there are large corporate and financial clients who are looking to secure shared printer networks for compliance reasons. With Freedom Mobile we now have a solution to these applications where there is basically no cost to deploy the technology. The solutions simply require a nominal monthly recurring revenue Cloud fee with no upfront capital cost. We believe there is great potential with this approach.”
About Viscount Systems
Viscount Systems Inc., designs unified software platforms for building security and emergency planning. Recent awards include SIA Convergence Solution of the Year 2011 and Platinum Award for Emergency Response and Gold Award for Access Control at GOVSEC 2011. Additional information on Viscount's products may be obtained on-line at http://www.viscount.com.
Safe Harbor Statement
This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of Viscount Systems Inc., nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
Forward looking statements: This press release and other statements by Viscount Systems Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
Financial statements are available from the company's registration statement filed with the U.S. Securities and Exchange Commission on February 6, 2002, which may be viewed at www.sec.gov or the company's web site www.viscount.com under the heading "Investor Relations". For further information, or to be placed on email NEWS ALERT please e-mail to [email protected] or call the Foothills Group toll free 1-888-516-7415.
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