A VeriChip executive warned that the business is currently too small to be sustainable after the company reorganized last week. VeriChip now lacks revenue streams to fund its development and marketing of human-implantable RFID chips to support medical care, leading to questions about the company’s very viability.
EastPack has already shipped 2 million additional trays this year through increased efficiency in tracking and tracing pallets of the fruit.
Once the RFID systems provider completes the recently announced sale of its Xmark subsidiary, it plans to sell the rest of its assets.
VeriChip, maker of controversial human-implantable RFID tags by the same name, sold a subsidiary that provides patient protection solutions and said the entire company could be available for sale. It also announced former chairman and CEO Scott Silverman will no longer serve as an officer of the company.
The newspaper employs EPC Gen 2 tags to track the delivery of carts loaded with Sunday supplements, and to make sure they go to the appropriate distribution center.
Some bars and restaurants are utilizing an RFID-enabled system to train bartenders how to pour the right amount of liquor, and to measure their progress.
Former GE CEO Jack Welch says a bad economic climate is the best time to invest in new technologies.
The system, created by Georgia Tech’s School of Electrical and Computer Engineering, emulates and measures the performance of multiple passive RFID tags and prototypes.
TechInsights, the integrated media company that hosts the annual RFID World, announced that it has hired Timothy Downs as an adviser for this year’s event in September. Downs was founder of the show, and his participation could represent an injection of the vision that originally made RFID World one the industry’s leading events.
The hospital has upgraded its 10-year-old system for tracking young patients, and also plans to begin tagging assets.