Radio Frequency Identification Technology for Logistics, Tagging and EPC

Intermec and METRO: What's The Verdict?

Tuesday, July 3, 2007 in News

At the end of june, Everett, Wash.-based Intermec announced the deployment of its products as part of the major RFID deployment ramp-up by German retailer METRO Group

The verdict? Mostly a good one, according to a news story published earlier by RFID Update, based on an analysis of an investment firm’s report on the collaboration.

Investment advisory firm Raymond James & Associates has published a report on these developments and how they might affect the company in the near and medium term, according to RFID Update. The news outlet also surmises:

Overall, the news is clearly good for Intermec; the question is how good. Raymond James quantifies the revenue potential for the starter pack opportunity in the millions. If Intermec is able to sell a single starter pack to 85% of the approximately 650 METRO suppliers affected by the RFID ramp-up, the company could see five to ten million dollars in new revenue in the near term. Raymond James expects that orders could start coming in this calendar year. [end] 


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