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Axium Technologies Signed Partnership Agreement With Esteemed Marketing Professional Group
Thursday July 12, 8:00 am ET
PASADENA, CA--(MARKET WIRE)--Jul 12, 2007 -- Axium Technologies, Inc. (Other OTC:AXGI.PK - News) is pleased to announce it has entered into a long-term partnership with Securus Technologies Group (STG) to direct its new software business development. STG is a privately held market development firm specifically aligned with the electronic security industry. STG's equity partners have over 25 years of private, commercial and homeland security experience combined.
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Mr. WonSoo Chung, Axium Technologies' CEO, noted: "We are very pleased to work with STG, an organization that has a proven track record in the electronic security industry. STG's President, Mr. Wade Thomas, was previously the President of Samsung CCTV - GVI Security Solutions' Professional Products Group and was instrumental in GVI's sales growth from $12 million to over $60 million within three years. Mr. Thomas shall be responsible for the channel development initiative of Axium's unique Video Management Software, Maximum-Software."
Wade Thomas, President of Securus Technologies Group, added: "We are excited to have been chosen as the market development partner to Axium Technologies. Axium Technologies has a very unique software technology. This patented Video Management Software platform enables security integrators and end-users the complete control and management capability of Linux-based embedded Digital Video Recorders (DVRs), Network Video Recorders (NVRs), PC-based DVRs and individual IP cameras all on a single command control software platform with limitless expandability. The Maximum Software platform will revolutionize the integration of today's embedded and IP recording world with all forms integrated systems such as access control, time and attendance, POS, intrusion detection and video analytic technologies."
It is expected that the partnership between Axium and STG will expedite Axium's sales growth drastically.
ABOUT AXIUM TECHNOLOGIES, INC.
Axium Technologies, Inc. is a leading provider of surveillance security systems software and hardware. The Company maintains its corporate presence in Pasadena, CA, and its Research and Development Facility in South Korea. The Company's primary products include MAXIMUM Surveillance Software, which is the key solution providing interoperability for numerous digitalized security and surveillance products from diverse manufacturers.
The Company's Digital Video Recorders (DVRs) and Network Video Products (NVPs) are targeted at the security and surveillance segments of the gaming industry. The Company's newest product "TaggerTrap" is a state-of-the-art graffiti detection product, which detects, records and alarms local police of graffiti activity. The estimated cost of graffiti clean-up in North America is $1.0 billion annually and millions of dollars have been budgeted over the past year by large metro police departments to detect and apprehend graffiti taggers.
During 2006, Axium Technologies redeployed much of its resources, both fiscal and headcount, to complete development of its current suite of products. With many of these products now in commercialization, management projects 2007 revenues to be approximately $8.8 million. |
