Absolute Provides Computrace to Intel Schools of Distinction Award Recipients
Vancouver, Canada: October 21, 2009 – Absolute® Software Corporation (“Absolute” or the “Company”) (TSX: ABT), the leading provider of firmware-based, patented, computer theft recovery, data protection and secure IT asset management solutions congratulates the winners of the Intel Schools of Distinction Awards (Intel SODA) and announces that it is providing its IT asset management, data protection and theft recovery solution, Computrace®, to award recipients.
Intel's SODA program annually honors U.S. schools that demonstrate 21st century teaching and learning environments that promote excellence in math and science. Intel received more than 700 applications this year, and from those, selected six winners (one elementary, middle, and high school in each of two categories). Winners will benefit from the tracking, remote data delete and theft recovery capabilities of their select licenses of Computrace Plus by Absolute Software.
"We are honored to participate in this philanthropic endeavor along with Intel," said David Hawks, Business Development Manager – Education at Absolute Software. "We hope that the cost savings possible with Computrace will allow school boards to increase their funding for Science and Math programs."
Representatives from Absolute will be joining celebratory events at winning schools throughout October and November 2009.
How Computrace Works
The Computrace Agent that powers Absolute Software solutions is embedded in the firmware of computers right at the factory or it can be installed by the customer. When embedded in the firmware of a computer, the stealthy Computrace Agent is capable of surviving operating system re-installations, as well as hard-drive reformats, replacements and re-imaging. The Agent can be activated by customers when they purchase a subscription with terms ranging from one to four years.
The Agent regularly contacts the Absolute Monitoring Center – sending location and IT asset management information that is accessible via the Absolute Customer Center web portal. Customers log in to the Absolute Customer Center to access that information and to perform tasks such as managing their IT asset population, running reports, remotely deleting data and plotting the location of their computers and mobile devices on a map.
If a computer is stolen, the Absolute Theft Recovery Team can use location information sent by the computer and forensically mine it using a variety of procedures including user input capture, registry scanning, file scanning, geolocation, and other investigative techniques to determine who has the computer and where it is located. Absolute then works with local law enforcement to help recover the computer.
If a computer is equipped with Intel Anti-Theft Technology (Intel AT), IT managers can use Computrace to remotely lock a computer so that it cannot boot and is rendered useless to the unauthorized user. Alternatively, if a computer does not check in with the Absolute Monitoring Center within a pre-determined period of time, Intel AT will automatically lock the computer so that the data on the machine cannot be accessed by an unauthorized user.
For more information on Absolute Software and its range of computer theft recovery, data protection and IT asset management solutions, please visit https://www.absolute.com.
For more information on the Intel Schools of Distinction Awards and to see a list of this year's winning schools, please visit www.intel.com/education/schoolsofdistinction.
Forward-Looking Statements
This press release contains forward-looking statements and financial outlook that involve risks and uncertainties. These forward-looking statements and financial outlook relate to, among other things, the expected performance, functionality and availability of the Company’s services and products, and other expectations, intentions and plans contained in this press release that are not historical facts. When used in this press release, the words “plan,” “expect,” “believe” and similar expressions generally identify forward-looking statements. These statements reflect the Company’s current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and general market conditions. In light of the many risks and uncertainties, readers of the press release should understand that Absolute cannot assure them that the forward-looking statements and financial outlook contained in this press release will be realized. Furthermore, the forward-looking statements and financial outlook contained in this press release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements and financial outlook, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
About Absolute
Absolute empowers more than 12,000 customers worldwide to protect devices, data, applications, and users against theft or attack — both on and off the corporate network. With the industry’s only tamper-proof endpoint visibility and control solution, Absolute allows IT organizations to enforce asset management, security hygiene, and data compliance for today’s remote digital workforces. Absolute’s patented Persistence® technology is embedded in the firmware of Dell, HP, Lenovo, and 22 other leading manufacturers’ devices for vendor-agnostic coverage, tamper-proof resilience, and ease of deployment. See how it works at www.absolute.com and follow us at @absolutecorp.
©2019 Absolute Software Corporation. All rights reserved. ABSOLUTE and PERSISTENCE are registered trademarks of Absolute Software Corporation. Other names or logos mentioned herein may be the trademarks of their respective owners. For patent information, visit www.absolute.com/patents. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this press release.
For more information, please contact:
Media and Analyst Relations
Jill Rosenthal, InkHouse
absolute@inkhouse.com or 781-966-4167
Investor Relations
Joo-Hun Kim, MKR Group
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