Infrax Systems (IFXY) Provides Lockwood Technologies Revenue Guidance

ST. PETERSBURG, Fla., Nov. 7, 2011 /PRNewswire/ -- Infrax Systems, Inc., (OTCBB: IFXY), a global provider of unified Smart Grid-related products and services for the Energy and Utility industries, announced results for their Lockwood Technologies subsidiary in advance of their 10Q filing due November 15, 2011. The company expects to report revenues in excess of $175,000 for the quarter and net income in excess of $70,000 for Lockwood. The Company continues to see a positive impact from the acquisition of majority interest in Lockwood Technologies, which was completed in April 2011.

"Lockwood Technologies has continued to add to its existing customer base during this integration phase and they are on track to meet their objectives in the year ahead. The demand for asset management remains strong as companies seek to control spending and more efficiently manage their resources," said Paul J. Aiello, CEO of Infrax Systems, Inc. "We remain committed to growing their traditional asset management base, while we continue the integration of their technology into Infrax's Secure Intelligent Energy Platform."

About Infrax Systems
Infrax Systems offers a series of interrelated operational management, communications, and grid security related products and services known as Secure Intelligent Energy Platform (SIEP). Our products enable a comprehensive and unified solution for communications and applications management of the Smart Grid. SIEP™ incorporates a wide array of communications, security, device and data management tools for Smart Grid applications such as advanced metering solutions and grid optimization. SIEP platform creates a unified solution to securely manage Advanced Metering Infrastructure (AMI) and distribution automation. Infrax's secure smart grid platform, incorporates a communications transport and management system, (Grid Mesh™) , device and data security management, and ultimately secures intelligent endpoint devices (SIED). The secure management of the "last mile" backhaul will be necessary for utilities to implement Smart Grid applications including AMI, real-time pricing, Demand Side Management (DSM), Distribution Monitoring and Automation. When combined, these applications can offer economic, operational and environmental benefits for utilities, and ultimately the utility's customers.

For INFRAX Systems information, contact [email protected] or visit www.infraxinc.com.

Forward-Looking Statements
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.

Contact:

Contact:
Media Contact:
Infrax Systems, Inc.
[email protected]
727-498-8514

SOURCE Infrax Systems, Inc.

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