Mansfield, MA -- June 1, 2004 - Axeda Systems Inc. (Nasdaq: XEDA), the world's leading provider of device relationship management (DRM) software and services, announced today that Boeing Airport Security Program, a program in the Homeland Security and Services group, has selected the company's DRM system™ to demonstrate proactive remote monitoring and diagnostics for their customers in a pilot program.
"We are pleased to be chosen by Boeing Airport Security Program to engage in a technology collaboration to increase the value of their offerings in selected areas of the company," said Robert M. Russell Jr., chairman and CEO of Axeda Systems. "As Boeing leads the market in integration and service offerings, we will work together to provide efficient proactive remote monitoring, repair and remote maintenance and upgrades of equipment under contract."
Axeda's DRM software and professional services include remote monitoring capabilities in a line of intelligent devices. Market studies have shown that there are numerous enterprises with deployed devices around the world that can greatly benefit from Axeda's DRM technology. The homeland security industry and companies like Boeing are responding to the need to be connected in real time to their deployed devices.
Axeda Systems Inc. (NASDAQ: XEDA) is the leading provider of device relationship management (DRM) software and services. Axeda helps businesses become more competitive by using the Internet to extract real-time information hidden in their intelligent devices. The Company's flagship product, the Axeda DRM System™, is a distributed software solution that lets businesses remotely monitor, manage, and service intelligent devices, deployed around the world, allowing them to optimize their service, development, sales, and manufacturing operations. Axeda customers include Global 2000 companies in many markets including Medical Instrumentation, Enterprise Technology, Industrial and Building Automation, Office Automation, and Semiconductor Equipment industries. Axeda has sales and service offices in the U.S., Europe, and Japan, and distribution partners worldwide. More information about Axeda is available at www.axeda.com.
Everyday intelligent devices such as copiers, building control units, medical devices, computers and storage systems, and industrial machines are an important new source of business information. Device relationship management systems allow companies to tap into this valuable information anytime anywhere. Pioneered by Axeda, device relationship management technology provides a distributed information management system that leverages the Internet to allow timely, accurate, and unbiased information to be communicated automatically between intelligent devices, wherever they are deployed around the world, and service personnel or enterprise business systems. Device relationship management helps turn reactive businesses into proactive businesses providing new sources of revenue, increased operational efficiency, and lower costs, with an ROI that is often measured in months.
Press Contact:
Erin Nolan Smith
Corporate
+1 508-718-6351
enolan@axeda.com
