[01/10/07]
X-Change Corporation, through its wholly owned subsidiary, AirGATE Technologies, Inc., ranked No.3 on the Dallas Business Journal's list of the fastest-growing public companies in the Dallas-Fort Worth Metroplex based on outstanding annual revenue growth. AirGATE is a leading provider of customized applications using RFID and wireless intelligent, sensor technologies. The annual list ranks the area's top 50 public companies based on annual revenue growth. AirGATE's revenues increased 410 percent from 2005 to 2006 and the company anticipates revenue growth for 2007 to top 500 percent.
"We invested heavily in research and development last year and, as a result, we have great products going to market this year," said Michael L. Sheriff, president and CEO of AirGATE. "What makes our business exciting is that we team directly with companies to develop closed-loop applications that give them a competitive edge, either through improved products or smarter business processes."
According to Sheriff, AirGATE's customers are typically Fortune 1000 companies interested in innovative ways to use RFID and related wireless technologies to help them solve specific business challenges. In addition to proprietary product-enhancing features, such as a RFID-enabled prison phone and a RFID-enabled child safety seat, AirGATE has also developed product authentication solutions to defend against counterfeiting, piracy, product diversion and theft of intellectual property. "Tagging, tracking, sensing and other new uses of RFID are byproducts of a global economy and reflect the complexity involved in producing and distributing products worldwide."
About X-Change and AirGATE Technologies
AirGATE Technologies, Inc., a wholly owned subsidiary of X-Change Corporation, is a leading provider of unique, vertical-market applications using RFID and wireless, intelligent, sensor technology. AirGATE offers a comprehensive suite of services, including business assessment and technology selection, integration and support. The company teams with best-in-class technology partners worldwide to offer wide range of solutions designed to support any size enterprise. Please visit http://www.airgatetech.com or http://www.x-changecorp.com for further information.
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