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"
"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.
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,
email@example.com, or Carl Thompson, Principal, firstname.lastname@example.org, both of CTA
Public Relations, +1-303-665-4200, for X-Change Corporation.
SOURCE X-Change Corporation