Science & Technology
Science and Technology
Science and Technology
Tue, June 8, 2010 INFRAX Systems (IFXY) Further Defines Pending Acquisition of Trimax Wireless
ST. PETERSBURG, FL--(Marketwire - June 8, 2010) - INFRAX Systems, Inc. (
The two major issues facing utilities implementing Smart Grid AMI solutions have been vulnerability to cyber attacks and the lack of cost effective, robust two way communications to transmit information between the meter and the utility's Energy Management Center. The Infrax secure communications module will provide enhanced encryption to solve the first issue and our recently announced pending acquisition of Trimax Wireless solves the second issue.
Smart Grid Security is Ground Zero for Cyber Security. Department of Energy mandates are requiring higher security levels over many enterprise, local, county and critical network infrastructures. Most critical network infrastructures were not meant to securely connect two-way digital connections from every home, every building, every factory throughout the power companies service area. And adding millions of these connections, such as smart meters, to the power grid distribution system is no easy task in network security.
At the Conductivity Week conference in Santa Clara, California, last week, even the Godfather of the Internet, Vint Cerf, opened the meeting and ended his keynote speech with a daunting announcement, "One of the things incumbent on all of us is to introduce strong authentication into the fabric of the smart grid," Cerf said. "We did not do that with the Internet."
Power companies are in the precarious position of having to do something now while preparing for the future. With $3.375 billion kicked in by the Federal Government and even more funds added by Power and Utility Companies, they need to produce now but only if a smart grid security plan can be demonstrated by companies like Infrax Systems.
The multi-protocol hardware developed and manufactured by Trimax, coupled with their patented, proprietary routing architecture when incorporated into the Infrax communications module will provide utilities with a cost effective, robust last mile two-way communications solution for upgrading older meters and enhancing the newer ones.
There are in excess of 1.4 billion electric meters globally and 150 million electrical meters in the United States alone. According to a report issued by Parks Associates, the 8.3 million smart meters installed as of May 2009 make up more than 6 percent of the total number of residential electricity meters in the United States. Over the next several years, experts expect large-scale smart meter deployments by the country's biggest utilities -- as well as smaller scale installations by hundreds of smaller cooperative, municipal and public utilities.
Smart meter penetration in the U.S. is expected to grow to 13.6 million units by next year and more than 33 million units by 2011, and globally deployments are expected to exceed 212 million units or $46B by 2014, creating an incredible growth opportunity for companies like Infrax.
About INFRAX Systems
INFRAX Systems, Inc. provides a series of interrelated operational management, communications, and energy grid related products and services which enable a comprehensive and unified solution for communications and applications management of the Smart Grid, municipal and telecommunications networks. The Company's Wireline, Wireless and Fiber Optics network management solutions offer proprietary state-of-the-art software, professional services and integrated systems. INFRAX Systems have been in use by companies seeking the best solution in managing their fiber and coaxial networks for the past 10 years. The Company's software solutions keep track of all aspects of the physical inventory such as fiber builds, access and splice points and connected equipment, in addition to fault isolation and work order management. The scalability of the software systems permits the Company to target small to large Electric Utilities, Cable and Telecom companies on a worldwide basis. Besides the OptiCon Network Manager™ (ONMS), the Company will soon offer additional products and services designed to secure and manage the power grid and alternate energy networks globally.
For INFRAX Systems information, contact [ Investors@InfraxInc.com ] or visit [ www.infraxinc.com ].
About TRIMAX Wireless
Trimax Wireless, Inc. is a leading edge designer, developer and manufacturer of broadband wireless equipment and other innovative technologies.
With the TMAX™ family of products, the company has developed an extremely flexible and versatile wireless IP infrastructure, by leveraging standards-based and emerging technologies. Trimax currently manufactures and distributes globally advanced wireless integrated solutions used to build voice, streaming video and data broadband wireless networks. Trimax's unique modular architecture creates affordable capacity by making the most efficient use of every technology applied.
Trimax products and services allow communication service providers ("local exchange carriers" or LECs, and telephone companies or Telcos), Internet service providers ("ISPs") and other telecommunications users, such as utilities, cable companies, enterprises, municipalities, universities, hospitals, hospitality companies, etc. to effectively build massive scale, outdoor, triple play networks that provide high quality / high speed broadband, mobile and fixed phone and video services utilizing radio frequencies instead of wires. Trimax Wireless, Inc. has developed and owns the proprietary rights for the advanced TRIMAX (TMAX™) radio technology integration. The TMAX product line consists of a series of base stations, wireless broadband routers and edge nodes, including customer premises equipment, which can effectively deliver multiple applications through the same network infrastructure.
For TRIMAX WIRELESS information, visit [ www.trimaxwireless.com ].
Forward-Looking Statements
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
