MANSFIELD, Mass., Jan. 28 /PRNewswire-FirstCall/ -- Axeda Systems Inc. , the world's leading provider of device relationship management (DRM) software and services, today announced that its customer Egenera Inc., a leader in utility computing, will speak about the success and benefits of their Axeda(R) DRM implementation at the upcoming Remote Device Monitoring and Management Conference.
CJ Rotella, director of service operations for Egenera, will discuss how utilizing remote device monitoring and management solutions like Axeda(R) DRM can increase customer loyalty and drive market share. The Axeda solution is a key component of Egenera's high touch - high technology service strategy.
"The Axeda DRM solution equips us with the proactive service capabilities needed to cost-effectively provide our customers with high availability of our Egenera(R) BladeFrame(R) system," said Mr. Rotella. "This kind of service is essential to successfully compete in the data center utility computing market."
Axeda president and founder, Dale Calder, who will serve as Chairman at the inaugural event stated, "Egenera is a forward-thinking company with a rapidly growing customer base. They have been a great customer and we are extremely pleased to see them benefiting from the capabilities of our scalable solution."
Additional Information
The Remote Device Monitoring & Management Conference will commence on Tuesday, February 1, 2005 at 8:15 a.m. at the Rosen Centre Hotel in Orlando, FL. For more information, please visit http://www.axeda.com/ or http://www.iqpc.com/.
About Egenera Inc.
Egenera is a global leader in delivering computing solutions that simplify datacenter operations and infrastructure. The Egenera BladeFrame product family simplifies the datacenter with an innovative server architecture specifically designed to reduce complexity and enable IT to respond rapidly to business requirements. Market-leading enterprises around the world trust the Egenera BladeFrame system to run their most important business applications, and achieve higher resource utilization, faster application time-to-market, and lower total cost of ownership. Headquartered in Marlboro, Mass., Egenera has offices worldwide. More information is available at http://www.egenera.com/.
About Axeda
The Company's flagship product, the Axeda(R) DRM system helps manufacturing and service organizations increase revenue while lowering costs, by proactively monitoring and managing devices deployed at customer sites around the world. Axeda DRM is a highly scalable, field-proven, and comprehensive remote management solution that leverages its patented Firewall- Friendly(TM) technology to enable Machine-to-Machine (M2M) communication by utilizing the public Internet. Axeda customers include Global 2000 companies in many markets including Medical Instrument, Enterprise Technology, Office and Print Production Systems, and Industrial and Building Automation industries. Axeda has sales and service offices in the U.S. and Europe, and distribution partners worldwide. More information about Axeda is available at http://www.axeda.com/.
(C)2005 Axeda Systems. All rights reserved. Axeda, Axeda Systems, Axeda DRM, Axeda Device Relationship Management System, Axeda Agents, Axeda Applications, Axeda Policy Manager, Axeda Enterprise, Axeda Access, Axeda Software Management, Axeda Service, Axeda Usage, Automatic eCommerce, Firewall-Friendly, and Access. Insight. In Real Time. are trademarks of Axeda Systems. All other trademarks are either property of Axeda Systems or property of their respective owners.
This press release may contain certain forward-looking statements that relate to Axeda's future performance. These forward-looking statements include, but are not limited to, those regarding Axeda's products and markets, and may include implied statements concerning market acceptance of Axeda's products and its growing leadership role in the DRM market. Such statements are subject to a number of risks and uncertainties that may cause the actual events or future results to differ from those discussed herein. Such factors include, among others: the difficulty of protecting and enforcing proprietary rights including but not limited to patent rights; the potential that Axeda may not be successful in enforcing its intellectual property rights; Axeda's ability to manage technological change and respond to evolving industry standards, including the potential that new technology not protected by Axeda's patents could be developed and patented by others; Axeda's customers' ability to implement or integrate Axeda's DRM solutions successfully and in a timely fashion or achieve benefits attributable to Axeda's DRM solutions; Axeda's ability to maintain compliance with the minimum listing requirements of The Nasdaq SmallCap Market, including but not limited to the requirement that the Company maintain a minimum $1.00 bid price as the Company's shares are currently trading below $1.00 and the requirement that the Company have a minimum of $2,500,000 in stockholders' equity or $35,000,000 market value of listed securities or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years as the Company had a stockholders' equity balance of $2,489,000 as of September 30, 2004; uncertainties in the market for DRM products and the potential for growth in the DRM market; the long sales cycle for DRM products; limited distribution channels; present and future competition; and Axeda's ability to service the principal and interest payments under its outstanding secured convertible term note either through stock conversions or cash payments when due and the risk that the lender could foreclose on its security interest in substantially all of Axeda's assets if Axeda defaults on its payments under the notes. Investors are advised to read Axeda's Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission, particularly those sections entitled "Factors Affecting Operating Results" and "Risk Factors" for a more complete discussion of these and other risks and uncertainties. Axeda assumes no obligation to update the forward-looking information contained in this press release.
Erin Nolan Smith Axeda Systems Inc. +1 (508) 851-1251 enolan@axeda.com
Axeda Systems Inc.
CJ Rotella, director of service operations for Egenera, will discuss how utilizing remote device monitoring and management solutions like Axeda(R) DRM can increase customer loyalty and drive market share. The Axeda solution is a key component of Egenera's high touch - high technology service strategy.
"The Axeda DRM solution equips us with the proactive service capabilities needed to cost-effectively provide our customers with high availability of our Egenera(R) BladeFrame(R) system," said Mr. Rotella. "This kind of service is essential to successfully compete in the data center utility computing market."
Axeda president and founder, Dale Calder, who will serve as Chairman at the inaugural event stated, "Egenera is a forward-thinking company with a rapidly growing customer base. They have been a great customer and we are extremely pleased to see them benefiting from the capabilities of our scalable solution."
Additional Information
The Remote Device Monitoring & Management Conference will commence on Tuesday, February 1, 2005 at 8:15 a.m. at the Rosen Centre Hotel in Orlando, FL. For more information, please visit http://www.axeda.com/ or http://www.iqpc.com/.
About Egenera Inc.
Egenera is a global leader in delivering computing solutions that simplify datacenter operations and infrastructure. The Egenera BladeFrame product family simplifies the datacenter with an innovative server architecture specifically designed to reduce complexity and enable IT to respond rapidly to business requirements. Market-leading enterprises around the world trust the Egenera BladeFrame system to run their most important business applications, and achieve higher resource utilization, faster application time-to-market, and lower total cost of ownership. Headquartered in Marlboro, Mass., Egenera has offices worldwide. More information is available at http://www.egenera.com/.
About Axeda
The Company's flagship product, the Axeda(R) DRM system helps manufacturing and service organizations increase revenue while lowering costs, by proactively monitoring and managing devices deployed at customer sites around the world. Axeda DRM is a highly scalable, field-proven, and comprehensive remote management solution that leverages its patented Firewall- Friendly(TM) technology to enable Machine-to-Machine (M2M) communication by utilizing the public Internet. Axeda customers include Global 2000 companies in many markets including Medical Instrument, Enterprise Technology, Office and Print Production Systems, and Industrial and Building Automation industries. Axeda has sales and service offices in the U.S. and Europe, and distribution partners worldwide. More information about Axeda is available at http://www.axeda.com/.
(C)2005 Axeda Systems. All rights reserved. Axeda, Axeda Systems, Axeda DRM, Axeda Device Relationship Management System, Axeda Agents, Axeda Applications, Axeda Policy Manager, Axeda Enterprise, Axeda Access, Axeda Software Management, Axeda Service, Axeda Usage, Automatic eCommerce, Firewall-Friendly, and Access. Insight. In Real Time. are trademarks of Axeda Systems. All other trademarks are either property of Axeda Systems or property of their respective owners.
This press release may contain certain forward-looking statements that relate to Axeda's future performance. These forward-looking statements include, but are not limited to, those regarding Axeda's products and markets, and may include implied statements concerning market acceptance of Axeda's products and its growing leadership role in the DRM market. Such statements are subject to a number of risks and uncertainties that may cause the actual events or future results to differ from those discussed herein. Such factors include, among others: the difficulty of protecting and enforcing proprietary rights including but not limited to patent rights; the potential that Axeda may not be successful in enforcing its intellectual property rights; Axeda's ability to manage technological change and respond to evolving industry standards, including the potential that new technology not protected by Axeda's patents could be developed and patented by others; Axeda's customers' ability to implement or integrate Axeda's DRM solutions successfully and in a timely fashion or achieve benefits attributable to Axeda's DRM solutions; Axeda's ability to maintain compliance with the minimum listing requirements of The Nasdaq SmallCap Market, including but not limited to the requirement that the Company maintain a minimum $1.00 bid price as the Company's shares are currently trading below $1.00 and the requirement that the Company have a minimum of $2,500,000 in stockholders' equity or $35,000,000 market value of listed securities or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years as the Company had a stockholders' equity balance of $2,489,000 as of September 30, 2004; uncertainties in the market for DRM products and the potential for growth in the DRM market; the long sales cycle for DRM products; limited distribution channels; present and future competition; and Axeda's ability to service the principal and interest payments under its outstanding secured convertible term note either through stock conversions or cash payments when due and the risk that the lender could foreclose on its security interest in substantially all of Axeda's assets if Axeda defaults on its payments under the notes. Investors are advised to read Axeda's Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission, particularly those sections entitled "Factors Affecting Operating Results" and "Risk Factors" for a more complete discussion of these and other risks and uncertainties. Axeda assumes no obligation to update the forward-looking information contained in this press release.
Erin Nolan Smith Axeda Systems Inc. +1 (508) 851-1251 enolan@axeda.com
Axeda Systems Inc.
© 2005 PR Newswire
