ATLANTA, May 16 -- Numerex Corp. (Nasdaq: NMRX) today announced a strategic collaboration with GE Security, a wholly-owned subsidiary of the General Electric Company (NYSE: GE), to provide nationwide wireless services in support of GE's industry-leading advanced technology real estate products, including its new ActiveKEY wireless key.
The relationship between GE and Numerex helps real estate brokers and agents work more effectively and efficiently in support of sellers with wireless-based on-demand reporting, security and other services. Through this collaboration, the ActiveKEY real estate lock box key will be fully integrated with GE Security's electronic key box system.
Numerex services being provided include SMSXpress(TM) and GPRS, real time network activations, provisioning and configuration support and 7x24 network support services. Numerex will also provide GE with operational and customer support from its Network Operations Center in Atlanta, Georgia. The NOC operates 7/24 to safeguard, manage and deliver customer data.
"We are very pleased to have been selected by GE Security, a global leader in innovative products and the industry leader in real estate access management. We have worked very closely with their product development teams to deliver the network, module technology and supporting services for this ground-breaking solution," said Stratton Nicolaides, CEO of Numerex. "This agreement is a prime example of Numerex's unique ability to deliver network and M2M solutions for the wireless monitoring and communications industry."
"ActiveKEY's ability to deliver wireless updates, instant showing notifications, and an improved user interface make it one of the most significant and easiest to use new products introduced to the real estate industry in the past decade," said Stan Earnshaw, VP sales and marketing, GE Security. "We needed a partner we knew could deliver and thanks to a long and successful history and the company's leadership in the wireless machine-to-machine (M2M) data communications market, we knew Numerex was just the company to deliver for ActiveKEY."
Systems integration and testing has been completed and pilots are currently underway in multiple markets. Product launch date is scheduled for July, 2007.
As the market leader in real estate access management, GE Security's ActiveKEY represents the next generation of real estate management and security products and services. The wireless device and associated services will remotely manage and control access to real estate lock boxes and entry into properties. The service provides comprehensive on-line control and reporting tools that allows agents and brokers to manage and track property access. ActiveKEY provides listing agents with a high level of security and access control as well as real time reporting they can share with their property owner customers.
Numerex Corp. (Nasdaq: NMRX) is a wireless network service provider and a leading enabler of fixed and mobile machine-to-machine (M2M) solutions and technology. A single-source for its M2M customers, Numerex delivers real-time wireless data communications for purposes of monitoring, tracking, measuring, and intelligent management of remote assets with solutions tailored to meet the needs of each application, customer, and industry. A few of the vertical markets indirectly served by the Company include alarm security, vehicle location and asset tracking, point of sale, vending, and utility management. Numerex offers its products and services primarily throughout the United States, Canada, and Mexico. The company is headquartered in Atlanta, Georgia. For additional information, visit http://www.nmrx.com
About GE's Security Business
GE Security, a wholly owned indirect subsidiary of the General Electric Company (NYSE: GE), is a leading supplier of security and life safety technologies, with operations in more than 35 countries and $1.8 billion in annual sales. GE Security offers one of the industry's broadest product portfolios, covering explosives and narcotics detection, intrusion and access control, video surveillance, key management, and fire detection. GE Security's products are used to protect people and property across a wide range of industries, including aviation, law enforcement, banking, education, healthcare, mass transit, residential and retail.