N4 Systems Named "Red Herring 100 Global" Finalist

Toronto, Ontario – December 23, 2008 – N4 Systems, today announced that it has been selected as a Finalist of the Red Herring 100 Global Award. Red Herring 100 winners and finalists from North America, Europe and Asia of the last three years are eligible for this coveted award. The Red Herring editorial team deploys a detailed process to whittle down a pool of 600 eligible, promising companies to the 200 finalists of this global award. Evaluations are made on both quantitative and qualitative criteria, such as financial performance, innovation, management, global strategy, and ecosystem integration. The finalists, elite executives and venture capital leaders will celebrate the Top 100 Privately Held Companies from around the world in San Diego from January 14-16, 2009.

“We are honored to be selected as a finalist in the Red Herring 100 Global Award.  Our flagship Inspection and Safety Compliance (ISCM) product suite, Field ID, is creating safer workplaces around the world.  It is extremely important in our current economic environment to find tools that save money and increase productivity.  Field ID vastly improves the inspection and safety compliance process, eliminating paperwork and saving hours of work.  Field ID brings huge cost savings to organizations, and more importantly, creates safer work environments”, noted Somen Mondal, CEO of N4 Systems.

“Field ID and the Field ID Safety Network are completely revolutionary ways to manage inspections and safety compliance.  Safety traceability is extremely difficult to properly manage; the Field ID Safety Network is the first ever service to provide safety traceability from the point of manufacture to the end user.  Field ID has come a long way in 2008 with a strong focus on innovation; one example of this innovation was working closely with the crane industry to allow Field ID to properly accommodate crane inspections of all types”, said Shaun Ricci, COO of N4.  “Being a Red Herring 100 Global finalist is a great compliment, and we are looking forward to an exciting 2009”.

About Red Herring:

Red Herring is a global media company, which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe.  Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.

About the Field ID Safety Network:

The Field ID Safety Network provides the first complete safety traceability service for organizations of all sizes.  The Field ID Safety Network provides never before seen safety traceability by connecting each party involved in the safety compliance process including manufacturers, distributors, inspectors and end users.  The Field ID Safety Network allows users to eliminate compliance paperwork and greatly reduce errors, guesswork and liability inherent with paper-based compliance and inspection management.  Most importantly, the Field ID Safety Network creates safer workplaces and prevents accidents. 

About N4 Systems:

N4 Systems Inc. is the market leader in Inspection and Safety Compliance Management (ISCM) for companies of all sizes.  Through its flagship product line, Field ID, N4 Systems offers an integrated product line that combines advanced RFID (radio frequency identification) technology, state-of-the-art wireless handheld mobile computing, highly secure data management, distribution and storage, remote system management and support, and optimized high speed World Wide Web network integration.  Field ID customers enjoy the many benefits of reduced operational costs, improved efficiency, accuracy and reliability, rapid data distribution and access, fully automated compliance and inspection forms and secure data storage allowing for real-time access to current and historical inspection data.  Field ID makes the world of paperless safety compliance and inspections a reality.

For more information, call 1-416-599-6464 or 1-800-99-N4SYS toll-free in North America.  Email us at contact@n4systems.com, or visit http://www.n4systems.com.

For more information contact:

Somen Mondal
N4 Systems, Inc.
Phone: 416-599-6464
Fax: 416-599-6463

Anam Alpenia
Red Herring, Inc.
Phone: 650-428-2900