2009 News

Eginity Invited to Present at Florida Venture Forum Early Stage Venture Capital Conference May 15

ORLANDO, Fla. (April 23, 2009) - Eginity, an Orlando-based company that specializes in Wireless Sensor Network (WSN) technology, has been invited to showcase itself at the Florida Venture Forum 2009 Early Stage Venture Capital Conference May 15 at the Omni Orlando Resort at ChampionsGate.

Rob Allen, president and co-founder of the one-year-old start-up firm, said he's confident that Eginity's new EON Platform - an end-to-end WSN solution - will get a lot of attention from venture capital investors.

"The WSN market is substantial," Allen said. "WSN has already been spotlighted by leading IT researchers as one of the top 10 technology growth sectors through 2012," he added.

"WSN technology gives an IP-address to an object, making it 'smart' - meaning it can gather and transmit information about its condition or environment over the Internet," explained Allen. "Although WSNs are used extensively in defense and industrial settings, high costs have limited use in other areas. The EON Platform eliminates this issue, paving the way for the development of hundreds of new 'smart' commercial applications," he said.

"Eginity's EON Platform was designed to be licensed or acquired by original equipment manufacturers (OEMs) for incorporation into existing or new products," Allen said.

"We have expertise at every level of WSN technology, and the resulting uncomplicated design of the EON Platform will make it the cornerstone for new WSN applications," he added.

EON Platform technology will enable manufacturers to substantially reduce the costs of existing sensor networks, enable current "stand-alone" sensor applications with WSN functionality, or invent and rapidly develop new "smart" solutions.

Eginity is a member client of the University of Central Florida Business Incubation Program.

For more information about this press release, contact: Rob Allen, President, Eginity, 407-745-0097 rallen@eginity.com (www.eginity.com) Gordon Hogan, Site Manager, UCF Incubation Program-Downtown, 407-882-1577, bizdev@mail.ucf.edu Larry Vershel or Beth Payan, Larry Vershel Communications Inc., 407-644-4142, lvershelco@aol.com About the UCF Incubation Program: Since its founding in 1999, the UCF Incubation Program has helped more than 100 emerging companies (including nearly 70 current clients) create over $500 million in annual revenue and more than 900 new jobs with an average salary of $59,000. With five facilities across the Greater Orlando community, the Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, and the Florida High Tech Corridor Council. For more information, please visit http://www.incubator.ucf.edu.

www.ucf.edu