Axcess International, Inc. (AXSI.OB) Shows Strong FY 09 Results, Details Technical and Sector Innovation

In the company’s news Friday,

Axcess International Inc. announced its FY 09 (ended Dec. 31) results. President and CEO Allan Griebenow called 09 a “record revenue year”, citing the completion of a second turn-key infrastructural security project in the Caribbean, the debut of a distribution sales bundle to position the Company for further market penetration in physical security, and the HID Global agreement to become an HID Connect™ Partner program participant and utilize HID’s sophisticated proximity technology in the MicroWireless™ Dot™ Wireless Credential product.

Revenue for FY 09 set a new record, up 219% from 08 to $4.8M, with the port infrastructure security contract accounting for 76.6% ($3.65M) of revenues. Gross Margin was up 14% from 08 and Net Losses were down 77% to just $1.1M (Net Loss Per Share $.04).

The 09 Trinidad Port contract secured the facility and prompted participation in the Fifth Summit of the Americas Conference of some 34 heads of state, and was implemented in a similar fashion as the recent Barbados Port Inc. solution, which also provided emergency evacuation accounting, internal zone security, visitor/vehicle tracking, wireless WMD sensing, scanners and security enhancement equipment.

The MicroWireless™ technology for commercial and government use shows strong potential for a variety of future applications, and the skillful leveraging of HID Global’s industry-standard proximity technology to achieve a wireless credentialing solution in the hardware-independent Dot design (that offers an isolated frequency range) allows for a system which can function parallel to existing networks without presenting interference.

Axcess’s proprietary, patented, Dual-Active RFID technology allows tags to function as either wake-on-demand or as “always on” beacons, representing the most cost-effective and easy way to implement automated security/optimization solutions enterprise-wide.

Successful completion of work at the U.S. Department of Energy’s 585 sq. ft. Hanford Site in Washington State has led to increased safety and improved logistical/economic efficiency where the identification, weighing, and report generation for radioactive/hazardous materials has been automated.

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Forward-Looking Statement:

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