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August 2, 2005Brady Corporation acquires visitor management software developer STOPware, inc.MILWAUKEE and SAN JOSE, CAL. (August 02, 2005)--Brady Corporation (NYSE:BRC), an international identification, safety, graphic systems and specialty materials manufacturer, today announced that it has acquired STOPware, inc., San Jose, California. Terms of the transaction were not disclosed. STOPware, founded in 1997, is the market leader in visitor-badging and lobby-security software used to identify and track visitors in a variety of settings, including Fortune 1000 businesses, healthcare facilites, multi-tenant dwellings and government buildings. STOPware’s products, including PassagePoint software,provide total control in registering, verifying and badging visitors, and integrate seemlessly with most leading access-control systems. STOPware had sales of approximately $2 million in fiscal 2005. "The emphasis on safety and security, especially in secured areas and in places where large numbers of people congregate, has never been stronger. STOPware's proprietary products provide an innovative identification solution to help customers improve safety and security at their locations. This is a perfect fit with Brady's current visitor-management product offerings, such as TEMPbadge self-expiring name badges," said Brady Vice President Tom Felmer. "The acquisition of STOPware will allow us to provide a more complete security solution to our customers, as well as develop opportunities for marketing STOPware products in international arenas served by Brady's current global infrastructure." Brady acquired Temtec, Inc., which manufactures identification and security products including a variety of self-expiring badges, in 2002. Brady Corporation is an international manufacturer and marketer of complete identification solutions and specialty materials, with products including labels, software, printing systems, label-application and data-collection systems, signs, safety devices and precision die-cut materials for manufacturing, electrical, electronic, telecommunications and a variety of other markets. Founded in 1914, Brady is headquartered in Milwaukee and employs more than 4,500 people in operations in the United States, Europe, Asia/Pacific, Latin America and Canada. Brady's fiscal 2004 sales were approximately $671 million. More information is available on the Internet at net at www.bradycorp.com #### This news release contains forward-looking information, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking information in this release involves risks and uncertainties, including, but not limited to, domestic and international economic conditions and growth rates; fluctuations in currency exchange rates for international currencies versus the U.S. dollar; the ability of the company to acquire, integrate and achieve anticipated synergies from new businesses; the ability of the company to adjust its cost structure to changes in levels of sales and product mix in a timely manner; the continued availability of sources of supply; variations in the economic or political conditions in the countries in which the company does business; technology changes; and the successful implementation of a new enterprise-resource-planning system. Brady cautions that forward-looking statements are not guarantees, since there are inherent difficulties in predicting future results, and that actual results could differ materially from those expressed or implied in forward-looking statements. |
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