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InvestorIdeas Launches new Investor Portal RFIDInvesting.com, to follow developments in Radio Frequency Identification and Wireless Security Applications.
For Immediate Release
Oct 15, 2004
InvestorIdeas Launches new Investor Portal RFIDInvesting.com, to follow developments in Radio Frequency Identification and Wireless Security Applications.
POINT ROBERTS, WA. October 15th 2004. RFIDInvesting.com, a global investor and industry news portal on the Radio Frequency I.D. sector, is pleased to offer interested investors an overview and information on this rapidly emerging technology.
RFID
By Allen R. Gibson
Radio Frequency Identification Tags are one of those minuscule pieces of technology that have the potential to transform current business practices in several industries, and perhaps even create new industries of their own…kind of like the cellphone.
And, unlike many other pieces of technology that have been touted over the last decade, there is little doubt that RFID is going to live up to its billing. Already, it’s changing the supply chain management techniques of America’s biggest retailer and employer, Wal-Mart, and the logistical support function of the US military. Not bad for a tiny piece of wireless technology!
What RFID tags do, in essence, is perform the same function as a barcode. Except they broadcast their information wirelessly, so that it can be read at a distance and not require a hand-held scanner. Oh, and it can transmit a lot more information than a barcode holds. That may not sound like much, but it will likely transform the entire global shipping industry, provide millions of dollars in cost savings via improved ‘just-in-time’ delivery systems, and increase the Department of Homeland Security’s ability to prevent weapons of mass destruction from being smuggled into the country.
Dr. K. Thirumalai, Chief Engineer for the US Department of Transportation Research and Special Programs Administration, says RFID tags will play an important role in the “intelligent transportation monitoring systems” which are being developed now to scan and track shipping containers and to monitor the status of their seals in real-time.
“Can we use wireless technologies to have a continuos record of the ‘sealing status’ on the container? And secondly can wireless tech be used to transmit the manifest of what is
in the container, and verify that it hasn’t been tampered with?” These are the questions Dr. Thirumalai says are facing the container business currently.
“RFID tags are one of the prime movers of the easy technologies that can be implemented to accomplish this,” he says. “Within a few years every container will be secure.”
RFIDinvesting.com offers investors research, news and links to public companies within the RFID sector. The site does not give specific recommendations, and encourage investors to complete their own due diligence.
Our current list of RFID stocks: http://www.rfidinvesting.com/RFID/Stock_List.asp
InvestorIdeas.com free ”Investor Incite” Newsletter consists of company and industry updates, investment research and developing trends in key areas such as Homeland Security, Renewable Energy, Nanotechnology and more. TO SIGN UP, click here: www.InvestorIdeas.com/Resources/Newsletter.asp
ECON Investor Relations Inc., (ECON Corporate Services) is a privately owned corporate communications company specializing in investor relations, media relations and research in public companies and industry sectors for the investment community. Nothing on the site should be construed as an offer or solicitation to buy or sell any specific products or securities. Although we attempt to research thoroughly, there are no guarantees in accuracy. We encourage all investors to use our sites as a resource only, to further their own diligence on all featured companies, industry research, and articles we present.
Investorideas.com owns the portal www.RFIDInvesting.com
Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant / Trevor Ruehs
Toll free: 800-665-0411
Email: dvanzant@investorideas.com or truehs@investorideas.com
Web Site: www.InvestorIdeas.com
About the author:
RFIDinvesting.com offers investors research, news and links to public companies within the RFID sector. The site does not give specific recommendations, and encourage investors to complete their own due diligence.
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