ST. PETERSBURG, Fla., Sept. 8, 2011 /PRNewswire/ -- INFRAX SYSTEMS, Inc. (OTC BB: IFXY), a global provider of unified Smart Grid-related products and services for the Energy and Utility industries, announced today the launch of a new software module as part of new Utility focused Enterprise Asset Management (EAM) platform for end to end management of utility assets and resources. EventManager™ is a pivotal module of the software and interfaces with all facets of the software suite to facilitate automatic response, notification and alerts to user-defined parameters. EventManager™ is designed to monitor and react to unexpected incidents, as well as to expected events.
Automation and proactive response has long been a goal of utilities, especially in times of storms and weather related circumstances. Disaster response can be greatly improved through comprehensive reporting on asset and material location and availability.
EventManager™ is a rules-based software module that can detect and react to an incident or event. A rule is a series of instructions provided to EventManager™ by system users and are comprised of two primary components - triggers and actions. Triggers relate to specific incidents or events that require an action. Actions define the response EventManager is to take based upon specific triggers. The rules can be arranged in logical hierarchies with no limit to the number of tiers or conditions required for action to be taken.
The Infrax Enterprise Asset Management (EAM) Platform can be configured to support any user's existing workflows, methodologies and procedures, and does not require a user to change their operations to fit into the software. Users can also add the new EventManager module to provide proactive alerts when a specific set of circumstances occur, such as a contract expiring, an item needing servicing, or an item being removed from a facility without authorization. Alerts can include emails, text messages and audible alarms. In addition, EventManager can invoke network controlled locks, video cameras, alarms, etc. to optimize access control and security policies.
"The ability to integrate an automated rules-based monitoring and response gives the utility the capability to provide a proactive response to unforeseen events," said Paul Aiello, Infrax CEO. "Tracking fixed assets and mobile inventory allows utilities to better manage purchasing and operations while implementing a Governance, Risk and Compliance Management (GRCM) policy."
Infrax's Enterprise Asset Management (EAM) solutions can be deployed as standalone solutions or integrated into the Infrax Secure Intelligent Energy Platform. The product line is comprised of modular applications which are able to function independently or as a complete suite based on a utility's requirements.
About INFRAX Systems
Infrax Systems offers a series of interrelated operational management, communications, and grid security related products and services known as Secure Intelligent Energy Platform (SIEP). Our products enable a comprehensive and unified solution for communications and applications management of the Smart Grid. SIEP™ incorporates a wide array of communications, security, device and data management tools for Smart Grid applications such as advanced metering solutions and grid optimization. SIEP platform creates a unified solution to securely manage Advanced Metering Infrastructure (AMI) and distribution automation. Infrax's secure smart grid platform, incorporates a communications transport and management system, (Grid Mesh™), device and data security management, and ultimately a Secured Intelligent Endpoint Devices (SIED). The secure management of the "last mile" backhaul will be necessary for utilities to implement Smart Grid applications including AMI, real-time pricing, Demand Side Management (DSM), Distribution Monitoring and Automation. When combined, these applications can offer economic, operational and environmental benefits for utilities, and ultimately the utility's customers.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
Infrax Systems, Inc.
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