SOURCE: Maricor Technologies

April 19, 2006 09:09 ET

New Security Governance Solution Released by Maricor Technologies, Inc.

PORTLAND, ME -- (MARKET WIRE) -- April 19, 2006 -- Maricor Technologies, Inc. (MTI), a subsidiary of Maine & Maritimes Corporation (AMEX: MAM), today announced the release of its Security Governance Solution. Powered by its iPlan™ platform, MTI's Security Governance solution is based on industry standards (Federal Emergency Management Agency FEMA 426/429) and proven risk assessment methodologies to determine asset values, analyze threats, and evaluate vulnerabilities. These and other elements of information provide the necessary inputs for determining relative levels of risk. Higher risk hazards requiring more complex mitigation measures are addressed based on a building's architecture, building systems, and operational parameters with consideration for lifecycle costs through effective security capital planning.

"In this post 9-11 era, Maricor Technologies, Inc. recognizes that managing security risk and mitigating the threat of terrorist attacks against facilities and buildings are challenging tasks," said Jim Kavanagh, Chief Marketing Officer of MTI. "To assist organizations in meeting this significant societal challenge, MTI has designed a powerful solution for effective Security Governance which simplifies the assessment, analysis, and risk-management decision making processes."

In order to create a secure built environment, numerous security factors must be considered. MTI's Security Governance assessment process identifies the best and most cost-effective mitigation measures for a building's unique security needs. The initial assessment process identifies the value of a building's assets that need to be protected. The second step involves the undertaking of a threat assessment wherein the threat or hazard is identified, defined, and quantified. The third step involves a vulnerability assessment to evaluate the potential susceptibility of critical facility assets against a broad range of identified threats or hazards. The vulnerability assessment is the over-arching bridge in the methodology between threat, asset value, and the resultant level of risk. The risk assessment analyzes the threat, asset value, and vulnerability to ascertain the level of risk for each critical asset against each applicable threat. The risk assessment provides a relative risk profile for the facility and its critical assets. High-risk combinations of assets with specific threats and identified vulnerabilities allow prioritization of resources to implement mitigation measures.

MTI's Security Governance solution delivers material benefits for organizations including:

--  Security planning based on industry standards and proven
    methodologies;
--  Security assessments for asset value, threat, vulnerability and risk
    analysis;
--  Provision of options basis for optimal security mitigation decision
    making;
--  Reduction of time and labor required to collect, assess, and analyze
    security data,
--  Provision of effective analysis & reporting for all stakeholder
    requirements through easily interpretable performance dashboards;
--  Development of information for project funding proposals and security
    capital programs; and
--  Merger of security investment decision making with organization's
    overall capital planning process.
    
Maricor Technologies, Inc. develops information and software products for sustainable governance of facilities and buildings. By combining leading strategic management methods with proven engineering and economic models, MTI's products deliver the information organizations need to manage facility asset portfolios; optimize capital, maintenance, and energy budgets; reduce emissions; improve security; and ensure comprehensive and transparent reporting on facility asset performance to all stakeholders. Through our solutions, we optimize energy and asset investments according to sustainable principles. For more information about Maricor Technologies, Inc., please visit our website at www.maricortech.com

Maine & Maritimes Corporation is the parent company of Maricor Technologies, Inc., a sustainable facility governance information technology based subsidiary; The Maricor Group, Canada Ltd and its U.S. subsidiary, The Maricor Group, New England, Inc., both engineering, energy efficiency, asset development and facility lifecycle asset management services companies; and Maricor Properties Ltd, a Canadian real estate development and investment company, and its Canadian subsidiaries, Mecel Properties Ltd and Cornwallis Court Developments Ltd; and Maine Public Service Company, a regulated electric transmission and distribution utility. MAM is headquartered in Presque Isle, Maine, and its subsidiaries maintain offices in Moncton and Saint John, New Brunswick, Canada; Halifax, Nova Scotia, Canada; Boston, Massachusetts; and Portland, Maine. MAM's corporate website is www.maineandmaritimes.com

Cautionary Statement Regarding Forward-Looking Information

NOTE: This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Although Maine & Maritimes Corporation ("MAM") believes that in making such statements, its expectations are based on reasonable assumptions, any such statement involves uncertainties and risks. MAM cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided, including, without limitation, potential changes in applicable laws and regulations, potential changes in Management, MAM's ability to raise necessary financing, and MAM's ability to execute its business plans in a timely and efficient manner.

Contact Information

  • For More Information Contact:

    Jim Kavanagh
    Chief Marketing Officer
    Tel: 207-828-7900 x101
    Email: Email Contact