AirGATE Moves its RFID Child Safety Seat 'Smart Buckle' Into Fast Lane

RFID Developer Contracts Outside Engineering Firm to Speed Development of a Working Prototype of its RFID-Enabled Seat Buckle for August Demo

DALLAS, July 29 -- The AirGATE Technologies subsidiary of the X-Change Corporation (BULLETIN BOARD: XCHC) has accelerated the development of its 'Smart Buckle' child safety seat prototype as a result of broad national interest in products that enhance child safety in automobiles. AirGATE has contracted an outside engineering firm to speed the development process in order to meet its goal of demonstrating a working prototype in August.

According to the American Academy of Pediatrics, more children are killed as passengers in car crashes than from any other type of injury. The National Highway Traffic Safety Administration reports that nearly 12% of children who weigh less than 60 pounds are riding completely unrestrained in their safety seats. Additionally, a growing number of infants are mistakenly left in parked cars every year, sometimes with devastating results. AirGATE's engineers hope that the RFID 'Smart Buckle' they are developing will help parents prevent both of these dangerous situations.

The AirGATE child restraint buckle will be outfitted with a miniature RFID (Radio Frequency Identification) tag that will transmit a low-powered radio signal to a reader, triggering an audible warning to the driver of the car when it detects that a child is riding in a safety seat whose straps are not properly buckled, or if the safety seat buckle is not disengaged after the car is parked and the ignition is turned off, indicating that the child may have been left in the seat.

AirGATE has applied for a patent for its 'Smart Buckle' product. It has engaged an outside engineering firm to accelerate its development schedule for the product, with the goal of having an early working prototype of its RFID-enabled 'Smart Buckle' system ready to demonstrate to consumers, media and child safety seat manufacturers in mid to late August.

About AirGATE Technologies

AirGATE Technologies is a development stage company specializing in wireless data management technologies. The company designs and develops applications utilized in RFID deployments. AirGATE will deliver RFID solutions in selected vertical markets built around a data management and integration strategy based on its Matrix Analytic Engine. This strategy is designed to ensure rapid market penetration and maximum return on investment. AirGATE Technologies is a wholly owned subsidiary of the X-Change Corporation. Please visit www.AirGATEtech.com for more information.

About the X-Change Corporation

The X-Change Corporation is a company that was organized to seek merger or acquisition candidates. The Company intends to acquire interests in emerging technology opportunities, such as RFID, that the Company believes will generate significant revenues and return a profit to shareholders. Please visit www.x-changecorp.com for further information.