Smartcode Corp. Expands its Asia Pacific Presence with 16 New Partnerships
SmartCode Corp.'s new Partnerships in China, Hong Kong, Taiwan, Singapore, Thailand, Malaysia, Indonesia, Philippines and Vietnam expand SmartCode Corp.'s presence in the Asia Pacific Region
New York, NY. March 21, 2006. SmartCode Corp. - The RFID Company(TM), the world's leading manufacturer of low cost, high performance RFID hardware solutions announced today the establishment of 16 additional partnerships in the Asia Pacific region.
"SmartCode(TM) Corp., the recognized global leader in low cost, high performance RFID solutions is pleased with the strong demand for our products in the Asia Pacific region" said Avi Ofer, SmartCode(TM) Corp. CEO & President "SmartCode(TM) partnerships in Asia Pacific region further demonstrate our leadership in the market and we are happy to see the strong growth opportunities in the Asia Pacific region. The Asia Pacific region represents a rapidly evolving market and an excellent extension of our global footprint."
The Asia Pacific region, with a total population of over 2.5 billion people and having a combined GDP of 19 trillion US dollars is equivalent to 47% of world trade. According to IDTechEx market research, Asia Pacific is expected to become one of the main markets for RFID. In 2010, IDTechEx expects that 39% of RFID tags will be sold in Asia Pacific, followed by 36% to North America.
SmartCode(TM) Corp. have added the following partners in the Asia Pacific Region:
China:
MobileTech Ltd.
Autoscan Technology Ltd (China).
Hong Kong RFID Limited
Taiwan:
Radiant Star
BeamFetch Technologies LLC
Singapore
Smart ID Pte Ltd
Autoscan Technology Pte Ltd (Singapore).
Thailand
ESS Syntech Co., Ltd.
Malaysia
Nusantara Digital Corporation Sdn Bhd (NDC)
Energistic Sdn Bhd,
Optegra Sdn. Bhd.
Indonesia
Translate Easy RFID
GlobisSys
Philippines
Chase Technologies Corporation.
AC Corporation
Vietnam
VTC Telecommunications.
Saigon IT Solutions Co., LTD.
The Asia Pacific RFID market is driven by businesses and Governments alike, the Chinese government has introduced several projects to push up the development of RFID in China. Chinese government is also planning to improve the current logistics infrastructure so as to keep pace with the growth in manufacturing. China is expected to use more than 5 billion tags annually in supplies such as Wal-Mart and other US and European retailers. China is also a large consumer market for RFID products including China National ID project and the Beijing 2008 Olympics which will use RFID technology for logistics and security applications.
Singapore has also shown a strong support for RFID. The Singapore Government expanded the frequency bands for radio-frequency identification applications to ensure that inventory-tracking systems developed locally will interoperate with those in Europe and the U.S. The steps to expand the frequency bands were taken by the Infocomm Development Authority of Singapore, a statutory board of the Singapore government that operates under the Ministry of Information, Communications, and The Arts.
About SMARTCODE CORP.
SmartCode(TM) Corp. is a world leading low cost, high performance EPC RFID manufacturer with revolutionary, patented, and cost effective RFID manufacturing processes. Our patented technologies enable the manufacturing of very large quantities of RFID tags at a fraction of the cost of today's traditional RFID processes. SmartCode(TM) Corp. introduces a cost-effective approach to dramatically reducing our clients Total Cost of Operation (TCO) thus increasing their Return On Investment (ROI). Highly affordable RFID solutions from SmartCode(TM) enable companies to receive 100% real time visibility of their products across their entire supply chain. SmartCode(TM) 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(TM) and RFID Inside(TM) are Trademarks or of SmartCode Corp. Other marks used are trademarks or service marks of their respective owners.
