Versatile Systems Inc.
TSX VENTURE : VV

Versatile Systems Inc.

October 26, 2006 04:00 ET

Versatile and Tyco Electronics Extend Alliance to Include M/A-COM, Inc.

M/A-COM, Inc. to provide RFID readers for the SyncSeer'TM' System

HARRISBURG, PENNSYLVANIA--(CCNMatthews - Oct. 26, 2006) - Versatile Systems Inc. (TSX VENTURE:VV), and Tyco Electronics today announced the expansion of the SyncSeer™ system capabilities by adding M/A-COM RFID components to the SyncSeer™ system. The SyncSeer™ system is an intelligent, technology infrastructure and information management system comprised of hardware and software for companies in the entertainment, retail, health care, government and education market places. Under the terms of the alliance, M/A-COM, Inc. will provide multi-protocol fixed and embedded UHF RFID readers and antennas.

Tyco Electronics' SyncSeer™ system, the result of a strategic alliance between Tyco Electronics and Versatile, is a modular software system that allows enterprises to derive more business value from new and existing TCP/IP based facilities and business systems. SyncSeer™ capitalizes on the rapid expansion of IP based systems being deployed in building systems. By correlating data from previously autonomous solutions, the SyncSeer™ system returns a higher level of understanding of the complex relationships between these systems while managing the decision process from a single interface.

"Powered by ThingMagic, M/A-COM, Inc. manufactures readers and antennas that can read any type of tag. In addition, the readers are software configurable," said Joe Thomas, Vice-President of M/A-COM, Inc. "Thus ensuring that the RFID readers are flexible and scalable as the future brings new improvements to this technology."

M/A-COM, Inc. offers a complete line of RFID antennas, RFID readers, fully integrated RFID systems, and RF reader components along with value added design, assembly, and support services. M/A-COM, Inc. designs custom integrated RFID stands and full turnkey portal systems for any RFID application and offers state-of-the art solutions for any RFID applications.

"We are pleased to have M/A-COM, Inc. join us to enhance the SyncSeer™ system," said Bob Joyce, President of Versatile. "M/A-COM, Inc. has long been recognized as a pioneer and a leader in microwave and radio frequency technology and their innovations will expand the relevance of the SyncSeer™ system in the marketplace."

Bernard DeGree of Tyco Electronics noted that M/A-COM, Inc. has established itself as an industry leading developer and high-volume manufacturer of RF, microwave and millimeter wave semiconductors, components and technologies. Holding hundreds of patents in the field, M/A-COM, Inc. has become known as expert technology innovators and integrators.

About M/A-COM

M/A-COM, Inc., a business unit of Tyco Electronics, is an established industry leader in the design, development and manufacture of radio frequency (RF), microwave and millimeter wave semiconductors, components and technologies for the wireless telecommunications, automotive, aerospace and military industries. Holding hundreds of patents in the field, M/A-COM is internationally known as an innovator and integrator whose technologies are found in some of today's most advanced signal intelligence and defense systems, as well as in leading automotive navigation, safety, and communications solutions. M/A-COM is also a major supplier of critical communications systems and equipment for public safety, utility, federal and select commercial markets. Headquartered in Lowell, MA, M/A-COM has offices and manufacturing facilities worldwide. Information about M/A-COM can be found on the Web at www.macom.com.

About Tyco Electronics Corporation

Tyco Electronics Corporation, a business segment of Tyco International Ltd., is the world's largest passive electronic components manufacturer; a leader in cutting-edge wireless components, complete power systems, and premise wiring components and systems; and a provider of critical communications systems to the Land Mobile Radio industry. Tyco Electronics provides advanced technology products from over forty well-known and respected brands, including Agastat, Alcoswitch, AMP, AMP NETCONNECT, Buchanan, CII, CoEv, Critchley, Elcon, Elo TouchSystems, M/A-COM, Madison Cable, OEG, Potter &Brumfield and Raychem, Sc. For more information: www.tycoelectronics.com.

AMP, AMP NETCONNECT, NETCONNECT, SYNCSEER, and TYCO are Trademarks
(C) 2004-2006 Tyco Electronics Corporation. All Rights Reserved.

About Versatile

Versatile provides business solutions that enable companies to improve sales, marketing and distribution of their products. Versatile also provides information technology services for the implementation, maintenance and security of mission-critical computing environments. Versatile has the ability to architect solutions involving both proprietary and third party components. More information on Versatile can be found at: www.versatile.com.

Forward-Looking Statements

This document may contain forward-looking statements relating to Versatile's operations or to the environment in which it operates, which are based on Versatile's operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or are beyond Versatile's control. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. Versatile disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

(C) 2006 Versatile Systems Inc. All rights reserved.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Versatile Systems Inc.
    John Hardy
    Chairman and CEO
    1-800-262-1633 or International: 001-206-979-6760
    or
    Versatile Systems Inc.
    Fraser Atkinson
    CFO
    1-800-262-1633
    Website: www.versatile.com
    or
    Tyco Electronics Corporation
    Bernard DeGree
    (336) 809-9799
    Website: www.tycoelectronics.com