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SMARTCODE™ CORP. Ramp Up Its EPC RFID Production
Publish Date : 11/11/2004 1:38:00 PM   Source : Culture and Community News

SmartCode Corp. new manufacturing plant will be the largest manufacturing plant of low cost EPC RFID tags in the world. The increased manufacturing capacity will enable the ultra high volume manufacturing of both today's EPC Class 1 G1, as well as the new EPC G2™ tags.

The advancement of mandates from world leading retailers, defense departments, health authorities and airport operators had created an increased demand for low cost, high performance EPC RFID Tags.

SmartCode, the world leader in providing low cost, high performance EPC RFID solutions announced that its expanded manufacturing capacity will address this high volume demands by providing a true low cost EPC tags supply. SmartCode will finance the expansion plan by outside debt and strategic investors.

"SmartCode, the world leader in low cost, high performance EPC RFID solutions is fully committed to support the high demand for EPC tags. SmartCode's unique and patented manufacturing technologies enable us to offer the largest volume of EPC tags in the world, at the best prices." said Avi Ofer, SmartCode Corp. President, "Due to the global shortage of EPC tags, we are expanding our manufacturing capacity, and looking forward to answer the demand for the retailers suppliers that need EPC tags in high volumes. We kindly request the suppliers to contact us as soon as possible for the expedited fulfillment of their EPC tag orders."

"We see an overwhelming demand for our low cost, high performance EPC tags. We are working closely with all the major retailers and CPG manufacturers in answering these demands." said Roy Apple, SmartCode VP of Business Development, "We are certainly happy to continue our leadership in the market with this announced expansion plan."

Until today, the world leading supply chain operators such as Wal Mart, the largest retailer in the world, the US Department of Defense (DoD), Tesco, the largest retailer in the United Kingdom, METRO, the largest retailer in Germany, Target Corp. Albertson’s and Best Buy had announced their RFID mandates for usage of EPC RFID Tags on all shipments.

The strong support for EPC RFID globally, as the de facto standard for Auto Identification had created a massive demand for SmartCode's low cost, high performance EPC RFID tags and readers. SmartCode will expand its capacity to answer the increasing demand for its products.

SmartCode Corp. is a world leader in providing low cost, high performance RFID solutions. Until today, the prices of RFID tags with an average price of 50 cents each have created a cost barrier for companies worldwide to adopt the RFID solution as the replacement of the inefficient barcode technology. With SmartCode™ Corp.’s exclusive patented manufacturing technology, SmartCode™ Corp. can manufacture these RFID tags at a price level of 5-10 cents, in large volumes.

About SmartCode™ CORP.
SmartCode™ Corp. is a world leading low cost, high performance EPC RFID manufacturer that has developed a revolutionary, patented, and cost effective RFID manufacturing technology. Our Patented technologies enable us to intelligently replace the current inefficient Barcode technology. Our patented technologies enables us to manufacture a very large number of RFID tags at a fraction of the cost of today's traditional RFID. SmartCode™ Corp. introduces a cost-effective approach to dramatically reducing our clients Total Cost of Operation (TCO) and increasing their Return On Investment (ROI).

SmartCode™ Corp. enables companies to receive 100% real time visibility of their products across their entire supply chain. SmartCode™ Corp. is headquartered in New York, NY with offices in London, Silicon Valley, London, Hong Kong and a R&D Center in Tel-Aviv, Israel.

Learn more about SmartCode Corp. at www.smartcodecorp.com

SmartCode™ and EPC G2™ are Trademarks of SmartCode Corp. Other marks used are trademarks or service marks of their respective owners.

Forward looking statements
Statements in this press release that are not historical facts, including those statements that refer to The SMARTCODETM CORP.’ plans, prospects, expectations, strategies, intentions, hopes and beliefs, are forward-looking statements. These forward-looking statements are based on information available to SMARTCODETM CORP. today, and SMARTCODETM CORP. assumes no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including, without limitation, market acceptance of our technologies, the competitive nature of our market, SMARTCODETM CORP.’ ability to retain and increase revenue from existing clients and to execute agreements with new clients, and SMARTCODETM CORP.’ ability to attract and retain qualified personnel.