VUANCE Announces Ten-Year Agreement For Perimeter Security And Border Control Services At European International Airport

VUANCE Ltd., a leading provider of innovative Radio Frequency Verification Solutions, including active RFID, electronic access control, credentialing, accountability and incident response management, recently announced that is has entered into a 10-year services agreement with a European International Airport to provide support for the integrated perimeter security system and border control system it is installing on their behalf.

VUANCE announced a $13.8M contract to establish a security and control system at the airport during the third quarter of 2007. This system encompasses VUANCE's own state-of-the-art MASC Passive RFID Electronic Access Control. VUANCE and the airport have now agreed on an additional, 10-year service agreement which includes annual fees of approximately $620,000. In aggregate, the agreement is estimated to be worth $6.2M to VUANCE, reflecting the will of the customer for the system to be maintained by VUANCE and adapted for ongoing needs and future threats.

"Maintaining access control and security systems for our clients is a very important part of what VUANCE does," stated Eyal Tuchman, Chief Executive Officer of VUANCE Ltd. "The original European international airport contract, as well as other airports contracts VUANCE has signed, demonstrates our ability to provide effective security solutions at international airports and other venues where safety and security of personnel, passengers and facilities are of critical importance. Furthermore, this agreement represents our ability and capability to converge our passive and active RFID technologies into a comprehensive and effective solution. This contract demonstrates the extent to which we continue to support many of our clients' growing needs. Both installing systems and servicing them over the long-term are key elements of our business model, which will enable us to set new sales records in 2008 and achieve operational break-even by the end of the year."

About VUANCE Ltd.
VUANCE Ltd. develops and markets state-of-the-art security solutions for viewing, tracking, locating, credentialing, and managing essential assets and personnel. VUANCE solutions encompass electronic access control, urban security, and critical situation management systems as well as long-range Active RFID for public safety, commercial, and government sectors. The Company's comprehensive range of products enable our business partners to offer their customers end-to-end solutions that can overcome the most difficult security challenges. Its Incident Response Management System (IRMS) is the industry's most comprehensive mobile credentialing and access control system, designed to meet the needs of Homeland Security and other public initiatives. VUANCE is serious about security.

SOURCE: VUANCE Ltd.