GVI Security has rapport with acquired technology

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Saturday, January 1, 2005

CARROLLTON, Texas - GVI Security Solutions has expanded its portfolio by acquiring Rapor Inc., a manufacturer of high security building access portals, in an all-stock deal.

The deal expands GVI’s product line and coincides with the company’s strategy to provide integrated security solutions in key markets.

“Our goal at GVI is to provide complete end-to-end security solutions, primarily to the homeland security market,” said Rob Hile, senior vice president of the company’s Enterprise Solutions Group. “The Rapor acquisition is a major part of our overall plan.”

According to Hile, the acquisition is the first for the company since its reorganization in early 2004. The transaction was finalized on Dec. 1 of last year.

Rapor’s high-speed portal was designed by a consultant familiar with the 1993 World Trade Center bombings in New York as a way to secure access in high activity facilities.

“Rapor has an added benefit over other security portals,” said Nazzareno Paciotti, chief executive officer at GVI. “It provides the reliable security of a mantrap, but it is a user-friendly device.”

According to Paciotti, it can handle 30 to 60 people per minute. Its standout characteristic may be its cost effectiveness.

“The principle feature of the portal is that it is a substitution of technology for physical guards,” he said. “The cost of the portal is about half the annual cost of 24/7 guard service cost.”

For Rapor, joining forces with GVI offers it an oportunity to market its product and access to its distribution chain.

“What it needed was a sales and marketing arm,” Pacciotti said. “Once we get the product exposed to where we believe it can be applied there is an enormous amount of interest in it.”

Although the acquisition further fuels the company’s focus on the homeland security market, the company is also committed to its distribution side as well.

“There is no question we have a strong distributor base and we intend to maintain that,” Paciotti said.