The Company is concentrating on the new FIPS 201 standard for
Homeland Security Presidential Directive 12 (HSPD-12) applications. MESHT is currently being evaluated for compliance and Viscount staff will be in Washington until June 8 meeting with officials to discuss MESHT.
"With HSPD-12, traditional controller suppliers have serious problems with compliance and the additional IT convergent requirements," noted Stephen Pineau, President and CEO of Viscount. "Every US government site will be expected to comply and this will involve upgrading the access control system at each site. Budget is a major issue and MESHT can provide a combination of big savings and increased reliability. This is the type of opportunity that can really make our investment in MESHT pay off."
"Although our Q1 was not well received our loss was primarily a non cash adjustment of inventory and exchange. We continue to book large numbers of projects for the upcoming year(s) and dealer interest continues to increase. The industry trend towards convergence is now driving interest in MESHT and users who had a hard time conceptualising the concept are now beginning to embrace MESHT type technology."