Joe Grillo Joins XceedID Board of Directors

Golden, CO – Joe Grillo, longtime industry leader has joined XceedID’s Board of Directors.

Joe Grillo indicated, “XceedID has made its early mark in the contactless card and reader market and I am extremely excited to have the opportunity to work with such a dynamic company. The opportunity for XceedID is remarkably similar to the opportunity I participated in back in the mid 90’s when proximity cards and readers first gained market acceptance. XceedID has the right team with the right products at the right time. I look forward to working with the company to execute various growth initiatives.”

XceedID President and CEO John Menzel stated: “Joe’s desire to work with XceedID is a testament to XceedID’s fine employees, products and growing market position. Joe is extremely well known in the global security market and has an incredibly strong track record for high growth and profitability. Joe is also a highly recruited leader with a great reputation and he would not have chosen to become involved with XceedID unless he was convinced XceedID was a world class company poised for further success. We could not have landed a better industry icon to assist XceedID in reaching our goal of being a global leader in security cards and readers.”

XceedID is a leading card and reader supplier to the access control industry and has undergone rapid growth the past 4 years. Mr. Grillo will be actively involved in assisting XceedID with various growth and strategic initiatives.

Joe Grillo’s leadership is well known throughout the global security industry. Mr. Grillo’s most recent industry position was as CEO for Assa Abloy Global Technologies Division where he was responsible for approximately $800 million in annual business across three divisions including HID, Hospitality and Identification. Earlier in his career Mr. Grillo held numerous positions with HID, ultimately as President and CEO, building the company’s proximity card and reader business during its highest growth years in the mid ’90s thru early 2000’s. He also previously held the position of President for the Security Industry Assocation.

John Menzel, XceedID President and CEO, further stated, “We are extremely pleased to welcome Joe to XceedID. Joe’s experience and knowledge in the security industry, and specifically of the card and reader business, is unparalleled. Joe adds tremendous energy and strategic vision to our Board and we look forward to working together to capitalize on what his addition brings to XceedID, our business partners and end customers. About XceedID Corporation Based in Golden, Colorado, XceedID is a privately held company dedicated to the design, development and supply of advanced contactless RFID products. XceedID pioneered development of multi-technology readers which combine traditional proximity and advanced contactless smart technology in one reader. XceedID products are sold through industry leading access control manufacturers. For additional information about XceedID Corporation please visit www.XceedID.com.