Data culled from ABI Research’s annual RFID study indicates the majority of companies currently using RFID technology expect a return on their investments within 18 months or less.
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RFID Tag Demand Helps Omni-ID Net $15M in Funding
Omni-ID, a one-year-old startup, received $15 million in Series C venture funding. The company said strong demand from the data center market for its tags that perform well on metal led it to seek additional funding so it could expand production and marketing.
Middle East RFID Market Heats Up
While still small compared with other parts of the world, the region’s RFID market is expected to grow to $69 million in 2012—nearly quadruple what it was in 2007.
RFID News Roundup
SmarTrac begins volume production of RFID inlays in the United States.; Omni-ID secures $15 million in funding; RuBee becomes IEEE international RFID standard; Ubisense, S3-ID partner on RTLS for oil and gas industry; Feig Electronics delivers RFID-enabled parking system; Thailand bank, merchants to trial contactless payments with mobile phones.
RTLS Offers Novel Approach to Dementia Research
Researchers are analyzing links between how dementia patients move and the progression of the disease. RTLS patient wristbands and readers at assisted living facilities collect data researchers hope will lead to improved patient care and early detection.
Microsoft Uses Wireless Sensors to Track Data Center Temperatures
The system, designed by Microsoft researchers, helps the company reduce the cost of cooling the dozens of data centers it operates.
More Than Half of RFID Users Expect ROI Within 18 Months
The expected return-on-investment period for RFID deployments is shrinking, according to an annual survey of end users conducted by ABI Research. ABI found that 36.7 percent of end users think RFID will provide ROI within 12 months, 51.7 percent expect it within 18 months, and 65 percent expect it within two years.
Urodynamix, Motion Computing Team Up on RFID-enabled Diagnostic Device
RFID helps protect patients against possible infection by ensuring that disposable components utilized with the diagnostic device are not reused.
RFID Gives Dementia Patients Their Freedom
Thanks to passive tags sewed into clothing, residents at risk for wandering away from the Shady Palms assisted-living facility no longer need to be confined to a secured area.
End Users Plan to Invest Strategically in RFID in 2009
An RFID Journal survey reveals companies are deploying radio frequency identification technologies to help them weather the economic downturn by cutting costs and improving internal processes and operations.
Ortrander Ironworks Rolls Out Real-Time Location System
The German foundry is deploying a combination of active and passive RFID technology so it can track the location and movement of forklifts and containers.
New Distributor Forms with Exclusive RFID Focus
Can/U.S. Enviro-RFID is a new company that formed to be a value-added distributor of RFID products. The Montreal-headquartered company is focused exclusively on RFID technology and software that supports it.