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Press Release - RealFlex Technologies Ltd. spins out from the Datac Group
19 Sep 2005 < back

Dublin, Ireland & Houston, Texas

Datac Control International Ltd (www.dataconline.com) a leading supplier of secure SCADA and Automation Systems today announces that it has spun out it's highly successful RealFlex SCADA software business into a separate entity. This Company, with offices in Ireland, the USA and Russia will trade under the name "RealFlex Technologies Ltd."

The spin out is expected to generate new business opportunities and build on existing synergies within the industry.

The new entity has also announced that it has successfully completed a private round of fundraising. Datac retains an interest in the business.

New CEO of RealFlex Technologies Ltd, Sean Dunne commented "The spin out and funding provides the company with the resources to grow our successful software business into one of the leading suppliers of secure, robust scada software internationally. The investment will be used to expand the sales organisation and to further develop our technology This Company will to take a large share of a growing SCADA software market"

Denis Curtin has joined the Company as Chief Technology Officer after filling a similar position in Datac.

RealFlex's flagship product, RealFlex 6, is a next generation automation software. RealFlex 6 uniquely combines the true real-time multi-tasking QNX® Neutrino® operating system with a Microsoft Windows based HMI providing the best of both worlds to utility managers.

In the current climate of increasing cyber terror, utilities are seeking new ways to improve the security of their control systems infrastructure. RealFlex 6 is a secure, robust and powerful system that manages real-time, historical, alarms, events, displays and user databases.

According to Cyril Kerr, CEO of Datac "The spin out of our scada software allows the management to focus on the building of an already successful scada business with customers in 40 + countries into a market leader. Our customers are genuinely concerned about security issues as they relate to corporate governance and RealFlex's unique technology addresses these concerns".

RealFlex Technologies Ltd has a number of channel partners worldwide and will actively be seeking additional distributors for their products.

For further information on RealFlex Technologies Ltd, visit www.realflex.com

Contact Details: Sean Dunne
Chief Executive Officer
RealFlex Technologies Ltd
Tel: +353 (0)61 308884
Tel + 1 281 348 2341
E-mail: sdunne@realflex.com
Web: www.realflex.com
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