Param 24-7 XS Selected for Smart City Innovation Zone

BARCELONA, Spain - (BUSINESS WIRE) - Param 24-7 XS Technologies Corporation ("Param 24-7 XS" or "the Company" ), the developer of integrated systems (hardware & software) to allow entry into premises using mobile phones as an alternative to keys, is pleased to announce that it has been chosen by Barcelona Activa, the local development agency of the City Council of Barcelona, as one of four companies they are sponsoring to be part of the Smart City Innovation Zone at the forthcoming Smart City Expo World Congress.

Param 24-7 XS was selected because it has developed systems that provide a solution to the challenges of urban transformation in the real estate sector. "We are privileged to be one of only four companies being sponsored by Barcelona Activa. Our selection is an affirmation of the innovative solution we have brought to the Smart City concept by enabling access to properties at any time, day or night," said Andre Vanyi-Robin, Chief Executive Officer.

The Company's integrated systems improve the efficiency of gaining entry by:

• Allowing remote and secure opening of any door using a mobile phone
• Providing audit trails with respect to all traffic in and out of properties
• Enabling suppliers and others to gain access to properties 24-7 when owners or estate agent are not present
• Resulting in a more dynamic and strategic framework for efficient property management