| XANBOO LAUNCHES SOLUTION FOR ALZHEIMER PATIENT REMOTE MONITORING |
| SOLUTION WILL INCREASE CAREGIVERS' FREEDOM WHILE HELPING TO ENSURE A SAFE, SECURE, MONITORED ENVIRONMENT FOR LOVED ONES AFFECTED WITH ALZHEIMER'S OR DEMENTIA |
March 10, 2004 New York, NY, March 10, 2004 - Xanboo, Inc., a privately held company whose investors include Motorola and SG Cowen, today announced the launch of its Remote Patient Monitoring platform - a solution that will revolutionize the homecare market through its remotely accessible, always on "smarthome" monitoring system. With a simple in-home deployment of wireless sensors (door contact, water, temperature, motion), controllers (power, lighting, thermostat) and cameras, Xanboo easily and cost effectively allows caregivers and loved ones to flexibly design a monitoring solution that fits their needs. From preventing wandering to providing notification that a tub is overfilled or an appliance has been left on and unattended, Xanboo's advanced technology platform actively alerts caregivers anytime, anywhere on their cell phone or computer. The caregiver is then free to take the necessary action to prevent a more serious situation from developing."Xanboo's Alzheimer Patient Remote Monitoring system is the most advanced, real world ready product we've seen," said Dr. Kary Cart, Senior Researcher at the Scripps Gerontology Center at the University of Miami, Ohio. "It has dramatically improved the quality of life of the caregivers we have been studying during our 8 month field trial." Dr. Cart went on to say that all of the caregivers found the system easy to set up and they were pleased with its low cost. In addition, none of the caregivers opted to return their system at the end of the trial. "They had become dependent on it," Dr. Kart explained. "It became a part of their caregiving process and methodology." Xanboo will be deploying its monitoring system through a select group of caregiver affiliated organizations such as home nursing organizations, long term care facilities and Alzheimer's related information centers and groups. In addition, Xanboo will offer its service to select Fortune 1000 companies as a value-add service offering for their employees. The rollout will systematically target key markets around the United States. About Xanboo Xanboo is the first Smart Home and Business Management System with real-time device access and control that enables users to control and monitor their homes or businesses from anywhere in the world via the Internet. Including its primary deployments over broadband with ISPs, Xanboo is vertically focused as well in the energy, healthcare, security and small business markets. Xanboo Inc. designs and engineers all hardware and software, including video cameras, sensors, and control devices. Xanboo also allows its technology to be integrated into existing third-party hardware devices in order to make them remotely accessible via the Internet. Xanboo is headquartered in New York City. Its investors include Motorola, Inc. (NYSE: MOT), Lantronix, Inc. (Nasdaq: LTRX), Globespan Virata (Nasdaq: GSPN), Itochu, Suez Industrie and the investment bank SG Cowen. XANBOO CONTACT: Mike Noble Director of Business Development 646-674-3011 mnoble@xanboo.com |