Infrax Systems has released its Annual Report for the period ending June 30, 2011, the company has announced. Infrax Systems offers a series of interrelated operational management, communications, and grid security related products and services known as Secure Intelligent Energy Platform (SIEP)

Also posted in the Investor Relations section on the Company's website, the report is available on Form 10K as filed with the Securities and Exchange Commission. Reflecting the positive impact of the acquisition of majority interest in Lockwood Technologies, which was completed in April 2011, this year's annual report filing also contains composite schedules and footnotes, the company stated in a press release.

“Infrax Systems is pleased with the technical progress made in the past year in the development of our smart grid security and communications products. We had a significant increase in revenue and product development costs during the period. Our revenues exceeded $500,000.00 for the period for the first time in our history, up from $10,000.00 in the same period last year," stated Paul J. Aiello, President & CEO, Infrax Systems, Inc.

Apart from entering into strategic partnership arrangements, enhancing its product portfolio and more recently successfully completing a reverse split of the company's stock, the Company also purchased controlling interest in Lockwood Technologies, and solidified its relationship with Itron during the period.  It continues to focus on completing its portfolio and the recapitalization of the company. After successful completion of lab and field trials, the company continues to release its products

Recently, the company announced the launch of EventManager -- a new rules-based software module that is a key piece of its utility-focused Enterprise Asset Management (EAM) platform for end to end management of utility assets and resources. According to the company, EventManager can detect and react to an incident or event and invoke network controlled locks, video cameras, alarms, etc. to optimize access control and security policies.