Systems With Intelligence Inc., a Supplier of Intelligent Video Surveillance
Solutions for Electric Utilities, Completes $2.0 Million Private Equity
Financing

MISSISSAUGA, ON, Sept. 22 /CNW/ - Systems With Intelligence Inc. (SWI), a supplier of intelligent video surveillance solutions for the protection of critical infrastructure within the electric utility industry, today announced that it has completed a $2.0 million private equity financing round.

Electric utilities are faced with increased challenges in protecting critical transmission and distribution facilities from theft, vandalism, terrorism and other unwanted intrusions. With a widely dispersed infrastructure, typically in remote locations with unmanned facilities, utilities are looking for solutions that can withstand the harsh and unique conditions present within a substation and solutions that will enable them to comply with new regulatory requirements for physical security.

SWI provides complete intelligent video surveillance solutions tailored specifically for electric utility applications. Supplying "substation hardened" equipment and advanced video analytics technology that are easy to use, SWI's video surveillance solutions provide highly reliable operation in harsh environments and enables unattended surveillance through automatic event notification. SWI solutions ensure that the electric utility's mission critical operations are effectively protected against outside intrusion and disruption.

"So far, we have had excellent market reception to our solutions and this round of financing will help accelerate our technology development and sales and marketing efforts in order to deliver best in class intelligent video surveillance solutions to our customers", explains Angelo Rizzo, co-founder and Vice President of Sales, who previously held positions with RuggedCom and General Electric.

In conjunction with this round of financing, SWI announces the appointment of Pino Porciello as the President and CEO. Mr. Porciello, brings over 18 years experience in industrial automation and the electric utility sector that includes advanced technology development and senior level executive management. Mr. Porciello has held previous positions at RuggedCom, General Electric and several early stage technology start-ups.

"Mr. Porciello brings a wealth of strategic management and corporate development experience to SWI", explains Angelo Rizzo. "Under his leadership, SWI is well positioned to deliver tremendous customer value and become a leader in this market sector."

SWI is founded and led by a core entrepreneurial management team comprised of seasoned professionals who have extensive and proven experience in the commercialization of technology based solutions used in industrial and electric utility applications. In particular, the management team includes former senior executive management of RuggedCom (TSX:RCM), a leading provider of rugged IP-based communications networking infrastructure products used for mission critical applications found in harsh environments and electric utilities, and were key contributors in growing that company from inception, through to a successful Initial Public Offering, to its current position as a market leader.

With its unique knowledge and experience in the electric utility market, SWI is well positioned to deliver effective intelligent video surveillance solutions for electric utility customers. SWI delivers Smart Surveillance for the Smart Grid(TM).

To learn more about SWI products and technologies, please visit:

www.SystemsWithIntelligence.com.

    
    About Systems With Intelligence Inc.:
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Systems With Intelligence Inc. (SWI) provides intelligent video surveillance solutions for the protection of critical infrastructure within the electric utility industry. SWI is an original equipment manufacturer that has designed, assembled, and integrated various best in class components to offer a complete intelligent video surveillance solution tailored specifically for electric utility applications. Supplying "substation hardened" equipment and advanced video analytics technology, SWI's intelligent video surveillance solutions provide highly reliable operation in harsh environments, enable unattended surveillance through automatic event notification, and allow electric utilities to comply with new regulatory requirements for physical security. SWI's solutions ensure that the electric utility's mission critical operations are effectively protected against outside intrusion and disruption. SWI delivers Smart Surveillance for the Smart Grid(TM).

For further information, please visit please visit: www.SystemsWithIntelligence.com.

SOURCE SYSTEMS WITH INTELLIGENCE INC.

For further information: For further information: For media or industry analyst support, please contact: Outbound Marketing Manager, Systems With Intelligence Inc., Info@SystemsWithIntelligence.com, (289) 562-0126

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SYSTEMS WITH INTELLIGENCE INC.

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