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Newsroom
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Area Executives
Partner to Launch Octave Technology College Park, MD - June 1, 2003 - Octave Technology launched today to focus on the development and marketing of asset maintenance and business process improvement software utilizing Automatic Identification technologies (AIDC). Octave Technology will deliver and integrate hardware, software, and services to provide end users with easily accessible and manageable physical asset information. The company begins operations with an undisclosed amount of seed capital from its' founders.
Octave Technology formally began as a joint venture between executives of HMG Technologies and Baldwin Technologies. "Many organizations are reducing budgets which impact their purchasing capability. This puts a great and immediate pressure on asset maintenance and management," states Rick Morani, Octave Technology's Senior Vice President. "Octave will provide an effective means to manage physical assets and asset information through the implementation of automatic identification technologies and alignment with industry leaders". Baldwin Technologies and Clean Fuel Management founder Mark H. Baldwin will serve as President, and Rick Morani, HMG Technologies' President & founder, will assume operational responsibilities as the firm's Senior Vice President. Mr. Baldwin will be charged with developing and leading Octave's vision and market development strategy. Mr. Baldwin has had tremendous success building various Mid-Atlantic based ventures will also be charged with integrating a well designed, national distribution network into Octave's overall sales strategy. Rick Morani has led HMG Technologies to six years of steady growth, including the firm's most successful year in 2002. A former Accenture Manager and Barton Cotton executive, Morani will be charged with managing Octave's day-to-day operations and technology development efforts. Richard Stack will be the company's Vice President of Commercial Business Solutions, holding responsibility for business development, resource management, alliances and product development activities for all non-governmental clients. Most recently, Stack was HMG Technologies' Vice President of Business Development. Previously, Stack led the national sales efforts for venture-backed CareerRewards.com, managed a private consultancy, and held sales, marketing and recruiting positions with EDS and Monster.com. David E. Geary is a licensed professional engineer with over twenty years of professional experience in all aspects of Facility Engineering & Management; Engineering Management; Project Development; Contract Management; Electrical Engineering & Management; General Contracting; Purchasing; Office Automation; CAD Systems; Environmental Compliance Management; and generalized Business Management. Mr. Geary will provide leadership as the firm's Vice President of Engineering.
Octave's knowledgeable staff is expert in various functional areas and technologies, ensuring that its customers receive sound advisory services along with the technology solution that best meets their AutoID requirements. Octave Technology's solutions are comprised of two primary
components: 1) a data collection device (small electronic
identification and data storage devices designed to be
permanently attached to physical assets to identify and
retain information specific to those objects and their
contents - barcodes, contact memory tags, RFID tags); 2) a
software application (running on a mobile device, desktop or
laptop) to manage and access asset data and generate
reports.
Octave's versatile handheld solution (using the iPaq from HP) can help manage information simply and securely from a variety of locations. The Octave mobile solution puts powerful technology directly into the hands of the workforce in the field, data center, and repair depot. All information, once collected, can be easily downloaded to a spreadsheet or database, and shared with your organization across the Internet or network. Octave eliminates technology platform dependencies and maximizes previous and current technology investments. Octave Technology is the newest entrant into the growing field of AIDC. It is estimated that the specific field of Radio Frequency ID (RFID) will reach $7B on its own by 2005, and the rest of the AIDC industry continues to grow as well through such innovations as smart packaging and conductive inks.
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