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Technology Stocks : Racom Systems (RCOM)

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To: Gutterball who wrote (329)	9/21/1998 8:44:00 PM
From: Gutterball	of 468

Here's some background on today's news. Otis Inc., is owned by Otis Elevator Company, which in turn is owned by United Technologies. All said and done, Racom is in good company. Otis Elevator also has a transportation division but I know of no inroads Racom may have there. Racom supplies the FRAM smart cards (tag) and card readers. Another company is also involved and does the robotics. I believe its name is PSB. I have no other info on this company at this time. It may be German. The project announced today is a pilot but could lead to other roll outs which would be facilitated by Otis Inc. -- nothing like OPM (other people's money) to get things done. This delivery system is designed to work with Otis Elevators, thus every building with an Otis Elevator and mail truck is a potential client, this application goes way beyond hospitals.

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