Investor Relations

Press Release

Gyyr Announces Name Change to MAXxess; New Product Enhancements Address the Requirements of Higher Level Security
ANAHEIM, Calif., Sep 18, 2001 (BUSINESS WIRE) -- Gyyr Inc., a subsidiary of Odetics Inc. (Nasdaq:ODETA)(Nasdaq:ODETB), has changed its corporate name to MAXxess(TM).

The new name reflects the company's focus on its AXxess(TM) product line, a family of electronic access control security management systems, first introduced at Odetics in 1997. MAXxess will reveal additional details during the ASIS trade show press conference in San Antonio on Oct. 1 at 9 a.m.

"The MAXxess name is an extension of the name of our flagship product line -- AXxess -- that has achieved wide market acceptance as a leader in highly integrated access control and security management," explained Wesley R. Appleby, president of MAXxess.

"The new name also reflects our company's mission of delivering security management solutions that provide MAXimum Performance, MAXimum Security, and MAXimum Access Control."

Concurrent with the company's name change, MAXxess will introduce a number of enhancements to its AXxess 202 product line during the ASIS trade show Oct. 1-4 in Booth 964. These innovations include data encryption using 128-bit technology for unparalleled levels of protection.

Additionally, a new graphical user interface provides interactive floor plans for additional manual and visual door/alarm control, new integration schemes to other manufacturers' access control hardware, and PLC controllers. Commenting on the product enhancements, Appleby stated: "High performance access control systems today must utilize available network architectures for their communications.

"Users are demanding more security for the data being communicated over their networks. The vulnerability of unencrypted data has been the Achilles heel of access control systems -- until now. With 128-bit encryption, MAXxess is taking access control systems to a new, and higher, level of security required for today's applications."

The AXxess 202 product line offers complete access control, personnel and security management. It functions under Microsoft Windows platforms.

Additional components include: entry-level access control, communication over several types of networks, proprietary software that is compatible with ODBC and SQL standards, tamper-resistant, full-color video badging, barlock processing reader technology, and an analog-to-26-bit conversion kit.

"We believe the AXxess 202 product family offers the best price and performance package for access control in the security market today," added Appleby.

All MAXxess products are immediately available through the company's worldwide network of more than 150 systems integrators. Product representation extends throughout the United States and Canada, in addition to Europe, the Middle East, South Africa, South America, and Asia Pacific.

    About MAXxess
MAXxess is a manufacturer of high-level electronic access control systems, and is the successor business to Gyyr. The company's AXxess family of products has been exceeding the needs of the electronic access control market since its acquisition by Odetics in 1997.

Concurrent with the sale of the assets of Gyyr's CCTV business to Silent Witness Enterprises, Odetics changed the name of Gyyr Inc. to MAXxess Inc. to reflect its exclusive focus on Electronic Access Control. To access MAXxess' Web site, go to www.maxxesssystems.com.

    About Odetics
Odetics is engaged in the development of communication and technology companies that may be spun-off to its shareholders. Odetics companies develop software and hardware-based solutions for the intelligent transportation systems, telecommunications, video security, and television broadcast markets.

Odetics headquarters are located in Anaheim, with additional operations in Europe and Asia.

    Important Notice
This news release contains statements that may be deemed to be forward-looking. These forward-looking statements may include statements about revenue growth, profit margins, the effect of cost reduction measures, and other statements relating to the operating results of Odetics or its subsidiaries. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors such as: short product lives, technological shifts, current technical issues that cannot be resolved on a timely basis, component availability, competition (including new and directly competitive products from others), pricing pressures, incorrect assumptions regarding market demand, the significant uncertainty of market acceptance of new products by both distributors and end-user customers, unanticipated capital requirements, retention of key personnel, general economic conditions, the inability of the company to execute its strategy including the completion of both private and public equity financings of its subsidiaries, and other factors identified in the Odetics' Annual Report on Form 10-K and Quarterly Report on Form 10-Q.

Investors are strongly encouraged to review the risk factors set forth in the Odetics most recent SEC filings.

CONTACT:
Odetics Inc., Anaheim
Gregory Miner, 714/774-5000
Home Page: http://www.odetics.com