Emerging Homeland Security Surveillance Company Unveils Digital Video Recording Technology
Emerging Homeland Security Surveillance Company Unveils Digital Video Recording Technology
Synergetic Technologies Inc. (OTC "SYGG") Company Profile
SALT LAKE CITY, Nov. 29 /PRNewswire-FirstCall/ -- Synergetic Technologies, Inc. ("SYGG" pinksheets) is a high tech holding company that has recently acquired 80% ownership of Advent Systems, Inc. The company's primary focus is to commercialize and market its fully developed proprietary technology in the Compressed Digital Video Recording (DVR) Industry, for use in the $20 billion Homeland Security Surveillance sector. The company operates out of facilities near Salt Lake City, Utah. The company's technology was utilized by technology providers to the 2002 Winter Olympics, Utah based correctional facilities, local hospitals, and many Government facilities ranging from The Secret Service to the Army Corp of Engineers and the Department of Homeland Security.
THE TECHNOLOGY
THE FUTURE OF "DIGITAL VIDEO RECORDING"
Corporate, government and military entities have recognized the need to incorporate video surveillance into their security strategies. Historically, traditional tape based systems require an extensive undertaking to record, store, process and retrieve video. Tape-based systems require a video recorder for each camera and searching through recordings is time consuming and labor intensive. With the development of Digital technology and data compression, Advent's fully developed technology offers tremendous advantages over the more cumbersome VHS technology. Multiple cameras are integrated into the system allowing utilization of advanced features such as real time DVD quality, remote access, remote command of zoom, pan and tilt, 2 way audio, instant retrieval and compression technology for long term storage. The system can also be integrated into other security measures like badge-readers, intrusion detection systems, alarm monitoring, "strong" facial recognition protocols. Advent can easily identify several faces in gatherings or lines where security is a primary concern. Each aspect of Advent's technology is compatible to wireless transmission for remote location monitoring on systems with bandwidth as low as 56K.
THE MARKET
The types of business that would benefit from Compressed Digital Surveillance Systems cut across numerous sectors of the economy. Industries such as automobile dealerships, airports, governmental facilities, fast food outlets, chain stores, convenience stores, shopping centers, utility companies, warehousing operations, banks and financial institutions, ATM networks and maritime ports have employed various types of surveillance systems in the past. The motivation for the incorporation of surveillance systems is many fold. Problems such as vandalism, employee theft, shoplifting, terrorism, burglaries, fire and unauthorized access can be resolved, establishing a heightened security for both employees and customers.
TYPICAL CASE STUDY
During a actual review last week of an Advent System installation, for a then single user client who owns several restaurants, Advent was able to show the owner the surveillance results of the technology in his restaurant over 700 Miles away using a PDA to monitor the cameras and system in his facility. Within 48 hours of installation 2 cases of employee theft of cash were filmed and 2 additional cases of employee productivity negligence were identified. The owner has since ordered units in all 45 additional locations that his company owns and operates.
THE SYNERGETIC TECHNOLOGY SOLUTION
Install a multi camera system with real time footage recording all activities from each camera and archiving the footage for 120 days. Increase signage around the facility to deter criminal activity and incorporate an employee awareness plan through Human Resources. Any problems in and around the facility can be easily monitored and viewed from any location world wide wherever internet access is available.
INDUSTRY ANALYSIS
Large Fortune 1000 companies dominate the enterprise solution sector to the security industry. Integrating site security, video surveillance, access control, fire alarm, intrusion detection, biological and chemical threat detection and energy management have been priorities for commercial and government entities throughout the Nation. Numerous well known companies have entered this arena recently headlined by Brink's (NYSE "BCO"), General Electric (NYSE "GE"), Tyco (NYSE "TYC") through its ADT Security subsidiary, and Honeywell (NYSE "HW"). Smaller companies have recently enjoyed significant success in developing innovative technologies to address the need for surveillance equipment. Standouts include IPIX (Nasdaq "IPIX"), Magal Security Systems, Inc (Nasdaq "MAGS"), and Media Services Group (Nasdaq "MSGI").
ADVENT SYSTEMS, INC.
"AN EMERGING LEADER IN COMPRESSED DIGITAL VIDEO TECHNOLOGY"
The management of Synergetic Technologies, Inc. recognized a tremendous opportunity in commercializing advanced Digital Video Recording security systems utilizing the Advents' superior compression technology and purchased 80% of Advent Systems in October 2004. Advent Systems has developed proprietary technology in video compression which enables a much broader utilization of the technology into numerous previously unrecognized applications.
The most powerful component of the Advent security system is a digital algorithm which allows data compression far beyond anything else on the market. With compression as low as 0.5KB/frame, users can store over 90 days of DVD Quality and High Definition surveillance on one hard drive. With bandwidth requirements as low as 14.4Kb per second, users have the ability to monitor live streaming video and audio anywhere they have access to the internet. (Including PDAs or Cell phones). The implication of this technology provides the end user with the ability to monitor up to 48 video cameras with one screen. The technology is capable in allowing users to view security cameras from cell phones or PDAs using streaming video anywhere in the world. The system can actually monitor any location including a home, office or business from anywhere and get real time digital quality video streaming into his hand held receiver. The user can load the software onto most PDAs or Cell Phones for increased mobility.
The strength of the technology was realized when it provided video surveillance of President George W. Bush and Vice President Dick Cheney for the Secret Service. The Secret Service was able to monitor the President from remote locations during the opening and closing ceremonies of 2002 Winter Olympic games held in Salt Lake City, Utah. The company now has customers ranging health care and correctional institutions to government security experts who are utilized this compressed video technology with outstanding results.
THE MULTI-BILLION DOLLAR VIDEO SURVELLAINCE MARKET
Synergetic's objective in combining Advent's system technology with in depth marketing and installation expertise is to create a "cutting edge" solution to address the current needs and to dominate the video surveillance market. An estimated 98% of the security market currently uses outdated analog technology and Advent's ability to provide real-time, live surveillance from remote locations is unmatched in the industry. The low-cost models are marketed to small businesses and homeowners, while the more advanced large enterprise systems are perfect for major corporations and Homeland Security. Unreleased and beta versions of the compression technology will have tremendous applications in the entertainment and broadcast industry. No longer will companies need to battle the FCC for additional bandwidth. Synergetic Technologies Inc. using Advent's technologies and protocols has the ability to change the way we communicate, watch television, and even how we use the internet.
THE MANAGEMENT
The Synergetic Technologies executives comprise a unique blend of skills, experience, and personalities. Each executive has owned and operated personal business, and their skills range from technological experts to marketing specialists.
R. Casey Hall, CEO with more than 12 years of experience in the security industry and was the lead designer of the proprietary digital video surveillance product. His systems have been used in the 2002 Winter Olympics, correction facilities, hospitals, and many Government facilities ranging from Army Corp of Engineers to Homeland Security.
Bob Hall, COO, has over thirty years of experience in the management of companies involved in the design, manufacture and distribution of video- related products. He has served in key executive and management positions with Litton Industries, KDI Corporation, ComTel, MSI Television, Video Data Systems, Texscan/MSI, SkyConnect and Ad Systems.
Douglas P. Reed, SVP Sales and Marketing, has 10 years of experience in sales and marketing software and hardware technologies. Mr. Reed was the Regional Manager for a marketing organization called MarketStar which was acquired for $13 million.
Joseph W. Carlson, Director: Served as CEO of United Internetworks, Inc; the creator and developer of the first Dynamic Airwave Network [DAN] for peer- to-peer broadband fixed wireless Internet connectivity in the 5.7 GHz UNII frequency band. As a venture associate for NFT Ventures (now The Canopy Group), he identified, formed, financed and directed over a dozen venture transactions. Some of these companies are now part of Adaptec, McAfee, Matthew Bender, MTI Technologies and Novell. He served with Triax-Pacific, Inc and managed multi-million dollar government contracting projects and developed, then implemented, IT systems to control project work flow, scheduling impact analysis, and inventory management. He was founding President and CEO of Vinca which was sold to Legato Systems (NASDAQ:LGTO) in November 1999 for $94 million.
James R. Morgan, Secretary of the Board of Directors has over thirty years of legal and business experience. He was legal vice president with a real estate syndication firm overseeing the acquisition and disposition of over $100,000,000 of commercial real estate. He was a director and administrator of a private venture capital firm, overseeing the management and investment of over $100,000,000 in hardware and software venture start-up companies. He served as interim president of one company and a founding director of five companies, one of which was subsequently sold for $94,000,000. In 2000, Mr. Morgan became the vice president, chief legal officer and corporate secretary to a U.S. public company with 650 employees located in 16 countries. In 2002, Mr. Morgan successfully completed a merger/acquisition of the company by an English public company resulting in a company with $90,000,000 in revenue.
CONCLUSION
Security is a primary concern for citizens of the United States. And no longer is it just corporate America and for governmental entities around the world who desire security in uncertain times with relation to personal and group safety. Synergetic Technologies has developed through its operating company, Advent Systems, an innovative approach to individual protection, surveillance and site security. Live streaming video can now be transmitted through all network technologies, including wireless networks, with superior picture quality. Teaming Advent's technology with professional and effective marketing strategies, Synergetic Technologies Inc. is poised to be a world leader in Digital Video Security and within months will have new developments in compression technology that could be used in everything from the internet to entertainment and broadcasting industries.
Applications range from home surveillance, taxicabs, police and private vehicles. Business applications are endless, with indoor and outdoor surveillance, employee protection and identification. Airport security, rail and bus security, mass transit and meeting surveillance in high risk areas such as political meetings and public servant protection. This company has the many clients now moving into these sectors.
"SAFE HARBOR STATEMENT"
Under the Private Securities Litigation Reform Act of 1995, statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward looking statements within the meaning of the Private Securities Litigation Act of 1995, Section 27A of the Securities Act of 1933 and Section 21 E of the Securities Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Source: Synergetic Technologies Inc.
CONTACT: Alexander Lindale L.L.C., +1-801-568-0336; or Investor Relations
- Patrick Rost of PMR Associates LLC, +1-858-350-0409, both for Synergetic
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