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June 28, 2006
Austrian RFID Firm Raising $15M
Austria's Identec Solutions, which makes RFID-based tracking and tracing solutions, is raising another $15M in a deal led by RFID Invest AG of Lichtenstein. It is to use the capital for investing in R&D efforts in the area of system development, standardization, and global markets.
It also wants to invest in new applications for its long range RFID gear, such as the one undertaken with Boeing and FedEx, which it says involved equipping MD-10 freight aircraft with active RFID tags to track the longevity and manage parts inventories. Until now, Identec has mainly been involved in vehicle tracking and container tracking projects.
Read - RFID Provider IDENTEC SOLUTIONS Secures Financing Package (press release)
Posted on June 28, 2006 03:04 PM | Posted to Venture Capital | Wireless | Permalink
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