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Imagemap changes name to MERMEC Inc.

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On March 15, 2010, the MERMEC Group's American subsidiary, Imagemap Inc., changed its company name to "MERMEC Inc." and starts a new chapter in its history by completing transitioning to corporate identity and alignment to group's strategy and commercial proposition.

"Since
the acquisition of Imagemap by MERMEC in 2007, we have undertaken an initiative
to integrate our product and service offerings worldwide" says Russell Taylor, MERMEC
Inc. President and CEO.  "The new
name reflects the strength coming from the integration of all regional
subsidiaries into a global, growth-oriented, world-class brand with a unique
product and services offering."

MERMEC
Inc. (formerly Imagemap Inc.) will remain based in Columbia, SC., and will be
lead by Russell Taylor who was appointed as President and CEO on January 1,
2010. Russell Taylor reports directly to Silvano Brandi, MERMEC Group CEO, and
is responsible for MERMEC Inc.’s reposition as leading supplier of safety
solutions for the North American countries.

MERMEC
Inc. will continue to serve high-speed and heavy-haul railways, rapid transits
and steel companies by offering and supporting the entire group’s product
portfolio that includes cutting-edge technology and advanced solutions for
diagnostics, asset management, and signaling.

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