Radio Frequency Identification Technology for Logistics, Tagging and EPC

Syscan increases annual loss figure

Friday, October 31, 2008

Syscan International, an RFID solutions provider focusing on the food, drug, and health care industries, has announced it will suffer a net loss of $1.2 million for the year. The 2008 annual loss is up from $1.1 million in 2007.

The loss comes despite a substantial rise in sales for year, up to $3.8 million for 2008 from $1.8 million last year. Syscan failed in efforts to raise additional capital before the end of the fiscal year. Since then, the company has negotiated a bridge loan for working capital as well as a $750,000 private placement with the same investor. [end] 

SML Group Ltd announced the launch of its new “ViziT” RFID item visibility solutions for the retail apparel and item tracking applications.

The ViziT solutions include a range of RFID/EAS enabled paper and woven labels, as well as tickets and sticker that can be attached to garments and stacked items. Using the SML ViziT IT cloud based data management software also provides for semi automated inventory control, as well as improved loss prevention by triggering alarms and item identification at the store exit.

read more »

The Philippine Government has decided to rely on a biometric system to ensure only families that legitimately qualify for the Autonomous Region in Muslim Mindanao (ARMM) Grant are receiving the financial aid, according to a Business World Online article.

read more »

In an attempt to prevent students from sharing their ID cards in the cafeteria meal line, the University of Maine at Orono has deployed hand scanners.

read more »

Singapore-based company Innova Technology has developed a smart card designed to help consumers hang onto their wallets, smart phones and other small items.

As reported on CNET, Innova’s “anti-Loss” product is a smart card that functions via Bluetooth. Users can put it with their wallet, purse or other similar small, valuable items.

read more »

Zebra and Checkpoint Systems have entered into a cooperative relationship and licensing agreement. While the exact terms of the transaction were not disclosed, the relationship does bring together Zebra’s active location solutions with Checkpoint division OATSystems’ passive RFID, auto-ID and sensor capabilities.

read more »

Orange Business Services is working together with Auchan Group, the international food retail group, to offer a real-time tracking solution to monitor the routing of plastic creates which carry fruits and vegetables in its French supermarkets.

read more »