Radio Frequency Identification Technology for Logistics, Tagging and EPC

Advanced ID, NovaMeric announce formation of new company

Wednesday, April 28, 2010

Advanced ID, developer of RFID solutions for various applications, has signed a sales and operating agreement with NovaMeric.

Under the agreement NovaMeric and Advanced ID will establish a new unified corporation that will capture revenues from both companies.

NovaMeric supplies a range of mobile communication devices, active mobile asset tracking systems and a product line including electronic voting machines and voter identification.

Active ID is active in South America, where the RFID tire management and livestock tracking is highly popular.

Advanced ID will own 40% and has an initial $100,000 requirement to fund the new company, due in 45 days of the new company. [end] 

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