DALLAS, July 28 /PRNewswire-FirstCall/ -- Surface Acoustic Wave (SAW) technology is commonly used in the electronic circuitry of everyday appliances like mobile phones and televisions, where the waves are used to filter frequencies. But RFID (Radio Frequency Identification) developer AirGATE Technologies, a wholly owned subsidiary of the X-Change Corporation (OTC Bulletin Board: XCHC), believes SAW technology may provide a way to solve deployment problems facing companies that have been unsuccessful in deploying common RFID technology to identify, track and catalog tagged items in "harsh" environments. "RFID applications and environments that involve metal objects, high temperatures, long read ranges and the need to read full pallets of metal items have shown the capabilities of existing RFID technologies to be too limiting under these conditions," said Michael Sheriff, CEO of AirGATE Technologies. "In supply chain applications such as Wal-Mart deployments, reading full pallets -- especially those containing cases of metal or liquids -- has proven difficult with IC-based tags at 915 Mhz. We believe that SAW technology at 2.4 Ghz. may provide a satisfactory answer to these problems, and we are testing the use of this technology as a solution that we can offer supply chain RFID customers." The basic SAW device is a thin metal film structure deposited on top of a piezoelectric crystal substrate with no power supplies. It reflects radio signal based on the pattern etched onto its surface. These reflections can be de-coded into data. SAWs are employed in transponders to transmit signals that are modulated in amplitude and frequency to remote locations, which translates well to an RFID application profile using SAW technology. About AirGATE Technologies AirGATE Technologies is a development stage company specializing in wireless data management technologies. The company designs and develops applications utilized in RFID deployments. AirGATE will deliver RFID solutions in selected vertical markets built around a data management and integration strategy based on its Matrix Analytic Engine. This strategy is designed to ensure rapid market penetration and maximum return on investment. Please visit www.AirGATEtech.com for more information. About the X-Change Corporation The X-Change Corporation is a company that was organized to seek merger or acquisition candidates. The Company intends to acquire interests in emerging technology opportunities, such as RFID, that the Company believes will generate significant revenues and return a profit to shareholders. AirGATE Technologies is a wholly owned subsidiary of the X-Change Corporation. Please visit www.x-changecorp.com for further information. Forward-Looking Statements Except for historical information contained herein, the statements made in this release constitute forward-looking statements (including within the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934). Such forward-looking statements are based on current expectations that are subject to significant risks and uncertainties that are difficult to predict, including statements regarding the intent, belief or current expectations of the X-Change Corporation, AirGATE Technologies and their respective managements regarding strategic directions, prospects and future results. These forward-looking statements include, among other things, statements regarding future events and the future financial performance of the X-Change Corporation that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by the X-Change Corporation, which are on file with the U.S. Securities and Exchange Commission and may be accessed at http://www.sec.gov or the X-Change Corporation's investor relations web page at http://www.x-changecorp.com/index.html, and specifically the most recent reports on Form 10-K and 10-Q, each as it may be amended from time to time, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The X-Change Corporation disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release. For further information, please contact: Bevo Beaven, Vice President, firstname.lastname@example.org, or Carl Thompson, Principal, email@example.com, both of CTA Public Relations, +1-303-665-4200, for X-Change Corporation.
SOURCE X-Change Corporation