StockGuru Trade Alert: Columbia River Resources (CRVR) has Solid Bid Support and is Breaking Out
Today’s Current Volume of 181,987 is Already Up More than 67% from the Ten-Day Average of 108,587!
Columbia River Resources Inc. (OTC:CRVR), through its recently acquired subsidiary, Traxxec Ltd., specializes in the development of auto-identification technologies and Radio Frequency Identification (RFID) products and their supportive systems.
One quarter of the major pharmaceutical players in the US will implement large-scale radio frequency identification (RFID) technology projects with the aim of cutting costs, improving inventory control, keeping tabs on clinical trials and managing the distribution of samples. Kalorama Information, a leading publisher of market research in biotechnology medical markets, forecasts a dramatic growth surge in the US market for radio frequency identification (RFID) technology in pharmaceutical manufacturing and distribution over the next five years. The medical market research firm sees a compound annual growth rate of 59.6 per cent for the US market in 2007-2012, taking revenues up from $58m last year to $600m five years down the line.
The Kalorma report notes that “Radio frequency identification is positioned to be a top solution in manufacturing and distribution, clinical trials and sample distribution.” A 2003 industry study by Accenture had pointed out that the new RFID technology could save the packaged goods, retail and freight transportation industries billions of dollars each year.
In the United States, the RFID market had been bolstered by the Food and Drug Administration, the Department of Defense, and major retailers like WalMart and Target, all who have placed RFID requirements on its suppliers. The DoD requires all 50,000 of its suppliers to track supplies with RFID. The FDA has specifically recognized RFID as the technology best suited to providing track-and-trace and pedigree for pharmaceutical products in the supply chain, requiring drug distributors to provide full traceability throughout the drug supply chain. The federal agency also promotes RFID as the best technology to combat counterfeit drugs.
More and more organizations are turning to RFID for a wide variety of requirements. The technology has demonstrated widespread civil use in such areas as mass transit payment terminals, electronic toll collections, animal control and identification, public and school and university libraries, prisons, people tracking, passports, product tracking and inventory control. Innovative uses continually arise. Kazakhstan and Lithuanian customs officials are using electronic seals to ensure truck cargo doors are not opened en route. Hong Kong and Las Vegas airports are upgrading and ramping up their RFID bag-tagging efforts. Sam’s Club, owned and operated by Wal-Mart, as of Jan. 31, 2008 began requiring all of its suppliers to apply electronic product codes (EPC) Gen 2 RFID tags to every full single-item pallet of goods destined for its distribution center in DeSoto, Texas, or directly to one of its stores served by that DC.
“[T]he day will come when RFID tags are not applied like a label, but are integrated into the material of packaging….The benefits to that is that it will cost less than sticking a label on, and that there is less risk that tags will be damaged, plus, there would be no delay in packaging line speed.”
A technology called chipless RFID allows for discrete identification of tags without an integrated circuit, making it possible for tags to be printed directly onto assets or bottles at a lower cost than that required for the traditional two part antenna and integrated circuit chip procedure. Eight years ago Traxxec’s auto-ID system was acknowledged by the industry as the best auto-Id system commercially available. After two successful pilot implementations in partnership with major multi-national companies, Traxxec developed, patented, and commercialized a fully integrated RFID High Density Polyethylene (HDPE) product as its first product based on the tagged bottle concept. By printing RFID tags at the unit level on bottles, Traxxec’s tagged bottle concept not only provided a solution to an un-met need, it also had the effect of accelerating the rate at which RFID is adopted by the market. Incorporated specifically to exploit this IP commercially, Traxxec Ltd has also supplied commercial product for a live, current phase III study in the US.
The substantial data and experience Traxxec’s founders have accumulated in the industry underlines the Company’s goal to be recognized as a leader in innovation and integration of auto-id technologies in supply chain and packaging solutions. Traxxec’s industry recognized experience allows it to deliver technology consultancy services based on its core competency of systems design and integration to a select customer base that includes its licenses, on a fee for service basis. The Company has recently announced confirmation of last years 15-year license contracted to Rexam Pharma, a world leading supplier of pharma packaging. Traxxec will receive royalties on sales made and support Rexam’s manufacturing excellence with support in the area of sales, marketing, implementation and cost justification analysis. As part of the technology transfer to Rexam Pharma, commercial product was successfully manufactured by them and supported by systems software provided by Traxxec Ltd. To date 21,000 units have been delivered. Thanks to the encapsulation and the integration of the RFID tag in the bottle, the RFID enabled container from Rexam Pharma stands out against the solutions currently available on the market.
Course of Development
The key focus for the Company’s immediate development will be efficiency and volume of new and existing routes to market. Product development has obtained IP protection and manufacturing out-licensed by agreement has been established and successfully conducted as the sales strategy. The negotiated policy agreement with Rexam PLC allows Traxxec to sell directly into the pharmaceutical clinical trial arena and to pharmaceutical contract and clinical research organizations. Further, Columbia River Resources Inc. will be filing to change the corporate name to Traxxec Inc. as the completion of its reorganization.
Assisting Traxxec with product development are two commercial arrangements it has with Assa Abloy identification Technologies, a Swiss-based global leader in the supply of packaged RFID component parts, and with Telsonic Ultrasonics, specializing in the economical assemblage of thermoplastic components.
Expanding RFID Market Penetration
Traxxec Ltd reported on Apr 16, 2008 negotiations to supply Glaxo SmithKline and Catalent with RFID procedures and methods through its new clinical trials sales division. Catalent and Glaxo SmithKline are two of the biggest suppliers in the contract and pharma arena. In addition, the Company is also negotiating for same with a French-based global leader in the beauty Industry. All three companies are interested in evaluating the effectiveness of RFID in their supply chain.
CEO Amy Scopes commented, “These new sales channels represent a specialist sector of our business expansion plan and revenue generation. We believe our previous strong performance in this arena will be of significant benefit in the expansion of this sector.”
News 
Market Data 
Discover 
AI
