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Editor's Note: Today's top story is RFID tag manufacturer Confidex's first round of institutional funding in the form of €5 million.
Digital infrastructure services provider VeriSign announced its selection for a United States Air Force RFID pilot project with partners Alien Technology and E. Smith Consulting. According to the company, the pilot will use passive RFID to manage and track medical supplies for the Office of the Air Force Surgeon General.
Security-focused RFID solutions provider SecureRF has announced the inclusion of its Algebraic Eraser RFID security method in a book by the American Mathematical Society (AMS) entitled Algebraic Methods in Cryptography.
RFID solutions provider IPICO announced a distributor agreement with custom sports solutions provider Mercury Sports Group which will market RFID-enabled time keeping services under the brand IPICO Sports. According to the company, first year volume should include over 500 deployed readers, 1,000 mats, and 400,000 shoe tags.
Lastly, note the new classified listing below for a webinar from Intermec and Informs on RFID compliance and ROI taking place April 5th at 12:00 pm EDT. |
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RFID Tag Provider Confidex Lands EUR 5m
Specialty RFID tag manufacturer Confidex today announced its first round of institutional funding in the form of €5 million (roughly $6.6 million). Lead investor Logispring, a Swiss venture capital firm focused on opportunities in industrial processes, logistics, and manufacturing, was joined by Finland's Aura Capital.
Based in Nokia, Finland, Confidex designs and manufacturers both high frequency and ultrahigh frequency RFID tags for supply chain, aerospace, automotive, and petrochemical. The company is headed by Timo Lindström, one-time CEO of Rafsec (now UPM Raflatac), a highly-regarded inlay manufacturer also headquartered in Finland. Lindström and other members of Confidex management have worked together for almost a decade. Founded in September 2005 (see Startup Offers Outsourced Tag Production), the company points to high performance combined with ease of manufacture as a key competitive differentiator. It will use the funding to build out sales and manufacturing capabilities.
Confidex last grabbed headlines in August when it announced a contract with China's Guangshen Railway Company to supply 125 million RFID-based contactless transport tickets over five years, a deal that Confidex indicated was both the largest RFID ticket order and one of the largest RFID tag orders ever. The Guangshen Railway Company decided to adopt RFID in favor of its existing barcode ticketing system in order to curb counterfeiting and increase passenger convenience. Confidex established a Chinese subsidiary to service the contract and potential new business from other transport companies in China that are expected to follow Guangshen Railway's lead. (For more, see HF RFID Market Sees High Growth and 125m Order.)
Confidex's funding is just the latest in a recent spate of investment in the RFID and RTLS space. On Wednesday, semiconductor and RFID chip and reader manufacturer Impinj announced $19 million in a fifth round of funding (see Impinj Secures $19m to Pursue Item-Level RFID). The week prior, WiFi-based active RFID and RTLS provider AeroScout announced $21 million in Series C funding. And in January, AeroScout competitor WhereNet was snapped up by Zebra Technologies for $126 million in cash (see Zebra Acquires Active RFID Provider WhereNet).
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| Webinars | RFID Compliance - Where's the ROI? April 5, 12:00 pm EDT
If you've seen the recent reports on RFID compliance, you know the ROI is hard to find. Join Intermec and Informs for the truth about the state of RFID compliance, insight into real world implementations and key considerations for getting the ROI out of your RFID system. Register now. | | | Upcoming Events | 5th Annual RFID Journal LIVE!, Apr 30 - May 2, Orlando
Get everything you need to put RFID to work today at the world's largest RFID conference & exhibition. Access the most case studies, the most how-to sessions and the most lessons learned. The 86,000 sq.-ft. exhibit hall will feature the leading technology providers. Plus, Disney Resort packages available. Save an extra 10% - use code rfidupdate. Information: http://www.rfidjournalevents.com/live | RFID World Conference 2007, March 26-28, Dallas
Attend RFID World, the largest event focused on RFID and Advanced End-to-End Track & Trace Solutions. RFID World is where the industry gathers to meet face-to-face, making it the most effective place to generate awareness, leads and sales. Use code: RFIDU07 to save 10% on the Individual/Deluxe Pass at www.rfid-world.com | The official DoD RFID Summit, April 3-4, Washington Hilton
As the official platform for the DoD RFID Policy, the DoD RFID Summit, sponsored by the Principal Assistant Deputy Under Secretary of Defense (Logistics and Materiel Readiness), will provide direction on supplier RFID implementation requirements and timelines based on procurement methods, classes/commodities and locations. www.DoDRFIDsummit.com | | | Mobile RFID | How Mobile RFID Systems Improve Operations and ROI
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Ekahau RTLS (Real-Time Location System) automatically tracks assets and people via your existing Wi-Fi network. Control costs and improve asset management with Ekahau. For more information, visit us at www.ekahau.com. | | | RFID Tags & Labels | CCL Label - Your Global Partner for Labeling & Packaging
CCL Label is North America's leading full-service provider of pharmaceutical and healthcare labeling and packaging solutions. CCL incorporates the latest RFID technologies into it's labels to provide our customers with labels that are smarter with broader applications. CCL Label puts the Power Behind Your Brand. 609.433.3700 ext.127 or visit www.ccllabel.com | | | Products & Services | Peel - Stick - Ship(TM): SimplyRFID Pre-Programmed Tags
Military-grade, Class 1 Generation 2 RFID Tags pre-programmed to DoD 252.211-7006 specifications shipped same day for less than $1 each. Find out why over 1,000 DoD (Department of Defense) suppliers choose SimplyRFID for their RFID needs. Visit us at www.SimplyRFID.com for no hassle RFID solutions. | | | Employment | RFID Recruiters - 100% Focused on RFID Recruiting
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