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July 2, 2004 Stock Pick: Axeda Systems, Inc. (XEDA)

Stock Price: $1.09

Axeda Systems, Inc. is the leading provider of device relationship management (DRM) software and services. The company helps businesses connect their devices to the Internet to download real-time information creating greater monitoring and usefulness.

On June 1st, Axeda announced that Boeing has selected their DRM system for demonstration in proactive remote monitoring and diagnostics for the Boeing Airport Security Program. This is only a pilot program; however, if Axeda performs well, Boeing may offer them more lucrative opportunities in the future.

Just over the last two months Axeda’s DRM System has been deployed into Fuji film devices, a water distribution system in Mexico, and cancer therapy systems. The market for DRM is very large and diverse.

The market will recognize that XEDA’s market cap of just over $35 million is low in comparison to its competitors.

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