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Posted: August 30, 2010
Enable IPC Reaches $4.5 Million Three-Year Deal for Ultracapacitors for Use in RFID Applications
(Nanowerk News) Enable IPC Corporation announced today that the Company has reached an agreement with a major manufacturer of radio frequency identification (RFID) tags and readers to provide ultracapacitor-based products to improve the range in which the tags can be read. The customer has committed, subject to successful product development and testing, to purchase a total of $4.5 million in customized ultracapacitor devices from Enable IPC over the next three years to incorporate into the customer's RFID tags. Both parties anticipate that, given the fact that a significantly longer read range will provide much needed traction in the RFID tag market, the total dollar amount of tags sold by the customer will likely be much higher than currently forecasted.
"The Enable IPC/SolRayo ultracapacitor-based technology is ideal for the RFID application," said David Walker, CEO of Enable IPC Corporation. "The idea of quickly and economically charging and discharging the power device is very attractive in this market.
"RFID tags are used everyday all around the world. If you've used EZPass on a toll road, or had your pet embedded with a chip, you've likely used an RFID tag. The reports we've seen state that, despite the global economic recession, the RFID tag market is expected to grow significantly. Based on these reports, the compound annual growth rate could be 14%, and the market could exceed $8 billion in 2014. With an anticipated longer read range provided by our ultracapacitors, we are enthusiastic about the future of our relationship with our customer."
Consisting of a microchip and radio antenna, RFID tags transmit information using radio waves. A reader is used to intercept the waves and interpret the information. Tags can be passive, battery-assisted passive (BAP) or active. BAP and active tags use a power source to enhance the signal so it can be read from much farther away. Using Enable IPC products, the companies expect to provide the benefits of an outside power source at a much lower cost.
RFID tags are widely used across many industries in dozens of applications, including inventory, pet, livestock and asset tracking, tires, anti-theft devices, toll roads, passports, patient identification and much more. Some pharmaceutical companies use RFID tags to track controlled drugs and to verify authenticity throughout manufacturing and shipping. RFID tags are used in many toll roads to collect fees electronically and by ExxonMobil in its "SpeedPass" to collect payment at gas stations. Shipments of RFID embedded credit cards or "Smart Cards" increased 16% to 675 million in 2009, and credit card companies such as Visa with its new "payWave" are beginning to offer RFID embedded Smart Cards to provide users with a more convenient "contactless" payment option.
Concerns over food safety have led some countries including Canada, Australia and New Zealand to begin mandating RFID use in tracking livestock all the way from birth to retail sales. As this spreads to other countries and other animal types, livestock tracking is expected to become the dominant market in the RFID industry -- British Research firm IDTechEx expects livestock tracking to be the largest RFID market by 2017 at nearly $6.5 billion worldwide, largely propelled by government mandates.
The Companies plan to issue additional details on this agreement in the coming weeks.
About Enable IPC Corp. (Intellectual Property Commercialization)
Enable IPC (http://www.enableipc.com) provides efficient, streamlined strategies for turning technologies into products and bringing them to market. The company seeks to turn technologies into products and is a transparent, fair turnkey partner for sub-licensing and joint development with other companies.