New York, NY. January 13, 2004. SMARTCODE™ Corp., the world leading developer of low cost RFID tags and readers, announced today the world’s smallest RFID Integrated Circuit (IC). The announcement took place at the The National Retail Federation (NRF) 93rd Annual Convention, at the Jacob. K. Javits Convention Center in New York City. The new RFID Integrated Circuit with a die size of 0.25 mm2 delivers the best price/performance in the RFID industry.
Designed for a wide range of RFID applications, including Wal Mart, the US Department of Defense, Tesco in the UK, and the Metro Group in Germany, this next-generation IC saves valuable silicon space in its design while maintaining the highest RF efficiency. SmartCode Corp. supports EPCglobal’s EPC Class 1 standard and will support C1V2 once standardization completes.
“We are very happy to introduce the world’s smallest and the best cost effective RFID Integrated Circuit in the industry.” Said Roy Apple, SmartCode™ Corp Vice President, “From the early stages of low cost RFID, SmartCode™ Corp. continues its leadership in this market by introducing new and innovative solutions to reach a true cost effective RFID. As a world leader in low cost RFID market, we are delighted to witness the strong support from both retailers and governments, as well as from complimentary world leading technology vendors, further demonstrating the true value of low cost RFID.”
The new RFID IC is developed using CMOS (Complementary Metal-Oxide Semiconductor) technology. Today, CMOS technology is the dominant semiconductor technology for microprocessors, memories and application specific integrated circuits (ASICs). The main advantage of CMOS over NMOS and bipolar technology is the much smaller power dissipation. Unlike NMOS or bipolar circuits, a CMOS circuit has almost no static power dissipation. Power is only dissipated in case the circuit actually switches. This allows to integrate many more CMOS gates on an IC than in NMOS or bipolar technology, resulting in much better performance. Production of the new RFID IC is expected to begin in Q4 2004.
The new RFID IC, combined with SmartCode Corp.’s Flexible Area Synchronized Transfer (FAST) mass production manufacturing technology provide a best of its class tag manufacturing capabilities, catering to the massive global demand for low cost RFID.
Until toady, the prices of RFID tags of an average of 50 cents, have created a cost barrier for companies worldwide to adopt the RFID solution as the replacement of the inefficient barcode technology. With SmartCode™ Corp.’s exclusive patented manufacturing technology, SmartCode™ Corp. can manufacture these RFID tags at a price level of 5-10 cents, in large volumes.
About SMARTCODE CORP.
SmartCode™ Corp. is a leading RFID developer that has developed a revolutionary, patented, and cost effective RFID manufacturing technology. Our Patented technologies enable us to intelligently replace the current inefficient Barcode technology. Our patented technologies enables us to manufacture a very large number of RFID tags at a fraction of the cost of today’s traditional RFID. SmartCode™ Corp. introduces a cost-effective approach to dramatically reducing our clients Total Cost of Operation (TCO) and increasing their Return On Investment (ROI).
SmartCode™ Corp. enables companies to receive 100% real time visibility of their products across their entire supply chain. SmartCode™ Corp. is headquartered in Tel-Aviv, Israel, with offices in New York, NY and London, UK.
Forward looking statements
Statements in this press release that are not historical facts, including those statements that refer to The SmartCode™ Corp.’s plans, prospects, expectations, strategies, intentions, hopes and beliefs, are forward-looking statements. These forward-looking statements are based on information available to SmartCode™ Corp. today, and SmartCode™ Corp. assumes no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including, without limitation, market acceptance of our technologies, the competitive nature of our market, SmartCode™ Corp. ability to retain and increase revenue from existing clients and to execute agreements with new clients, and SmartCode™ Corp.’s ability to attract and retain qualified personnel.