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A2B Tracking earns Zebra Technologies validation for TC51 Touch Computer ••• RFID-IoT startup Smart Technology Group places in top ten at MassChallenge competition ••• STMicroelectronics launches course on IoT-enabled embedded systems ••• Teracom intros IoT temperature and humidity data loggers ••• Cisco invests in smart-city solutions for integration of autonomous vehicles ••• Impinj announces Q4 2017 revenue, reduced outlook for Q1 2018.
RFID-IoT Startup Smart Technology Group Places in Top Ten at MassChallenge Competition
Polish company Smart Technology Group, which offers readers combining radio frequency identification (RFID) and Internet of Things (IoT) technologies, has been named among the top ten startups in Central and Eastern Europe by jurors in the Bridge to MassChallenge competition. More than 300 startups from those regions applied to participate. Each presented their ideas and tried to convince the jury that they could change the world. Following a series of pitch talks and presentations, nine winners were announced.
Smart Technology Group, led by Karolina Kozlowska (the company's CEO) and Monika Bandura (the firm's COO), was among them for its SMART RFID system. The choice was made by representatives of MassChallenge and investors. The Polish company was selected twice, as a second group of 150 experts, including CEOs from global companies, chose Smart Technology Group as the most promising startup.
According to Smart Technology Group, it was the only winning businesses to use RFID technology. "I am extremely pleased that our effort was acknowledged by such a professional jury" Kozlowska said in a prepared statement. "It is also solid proof that SMART RFID is a truly innovative concept that solves the problem of detection and identification. SMART RFID makes it faultless, faster, cheaper and precise. And it is possible as SMART RFID uses all key IoT technologies at the same time in one device."
The jury concluded that SMART RFID meets the basic needs of many markets, such as health, industry, retail, logistics and tourism. In these areas, identification and detection are crucial for providing safety, efficiency, profitability and comfort. "I think it was also important that we have shown that SMART RFID had been positively verified by many companies in different regions of the world," Bandura said in the prepared statement, "as well as in different sectors of the marked. Thus, we were reliable."
Bridge to MassChallenge was organized by "the most startup-friendly accelerator on the planet," the organization reports. Alumni have raised more than $2 billion in funding, generated approximately $900 million in revenue and created more than 65,000 total jobs. Smart Technology Group was also in the top three in the Start Jerusalem Competition and in the top ten on Polish Tech Night.
"For sure, we feel that SMART RFID is getting more and more attention," Kozlowska said in the prepared statement. "Only in January, we have already signed contracts which value for approximately 60 percent of our total sale in 2017. And keeping in mind that we launch serious transnational campaign and we will be attending key trade shows and fairs, I am sure that SMART RFID answers needs which could not be fulfilled up to now."
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