News!
Attention Business/Technology Editors:
SAMSYs Technologies Inc. and GLOBAL ID Technologies Ltd. sign international marketing and technology agreement
Company: SAMSys Technologies Inc.
Stock Symbol: SMY
Listing: Montreal Exchange (ME)
Outstanding Shares: 21.7 Million (Fully Diluted)
Web Site: www.samsys.com
TORONTO, May 22 /CNW/ - SAMSys Technologies Inc., (SMY:ME)
(www.samsys.com) of Toronto, Canada, a provider of Radio Frequency
Identification (RFID) reader hardware, and GLOBAL ID Technologies Ltd. of
Attalens, Switzerland, a worldwide supplier of RFID components, products and
identification solutions, have signed a technological and international
marketing partnership agreement.
"This agreement has significant opportunities for us because it
dramatically opens expanded European marketing channels that positively impact
our international initiatives through inherent relationships with other
network partners," says SAMSys Chairman/CEO Cliff Horwitz. "As a member of
GLOBAL ID's vendor network, we now have technological access to other alliance
companies like Sokymat, a converter of low frequency tags that incorporates
chips from multiple sources. Through this alliance, our readers will be
enabled to communicate with Sokymat's transponders and will allow us to add
several new protocols to our growing library."
SAMSys has developed a reader architecture that supports its unique multi-
protocol/multi-frequency platform capable of sensing and reading RFID tags at
various frequencies and overcoming the lack of standards currently employed
around the world.
"As the latest member of our alliance, we are proud to have SAMSys and
its technical team on board because they have emerged as a clear world leader
in developing passive RFID reader hardware technology designed to support the
broadest possible array of protocols and frequencies," adds GLOBAL ID's
President Phil Calderbank. "We firmly believe RFID is poised to make a
strategic impact for tracking materials/goods as they move through the supply
chain, but the lack of standards has slowed its introduction. With SAMSys'
multi-protocol/frequency readers now available, mixing tag types, frequencies
and protocols to achieve optimum performance has become a non-issue. Operators
can install RFID solutions capable of sensing and tracking tags from a variety
of suppliers without the risk of short-term obsolescence."
"As we said earlier this year, we are now seeing clear evidence of a
market that is maturing and ready for significant growth," says Horwitz. "This
alliance with GLOBAL ID and its coalition network demonstrates there is an
increasing trend of cooperation involving major players within the RFID
industry resulting in the breaking down of traditional barriers created
through former reliance on proprietary technologies."
About GLOBAL ID Technologies Ltd.
GLOBAL ID Technologies Ltd. is headquartered in Attalens, Switzerland,
with regional operations in Europe, North America, South America and Asia. The
company works through a selection of partners and alliances to provide a
complete range of ID components, system 'plug and play' products and full
'turn key' solutions for auto identification applications. Markets include
material handling, health care, animal tracking and security access control.
Technologies include RFID, Biometrics and GPS. Visit GLOBAL ID at
www.globalid.ch
About SAMSys Technologies Inc.
SAMSys Technologies Inc., headquartered in Richmond Hill, ON, Canada, is
a leading global developer of Radio Frequency Identification (RFID) reader
hardware technology, capable of identifying and tracking RFID tags, smart
labels and cards supplied by various manufacturers. RFID is an enabling
technology for the next generation of asset protection, item management,
inventory control, supply chain management, logistics support systems and
financial transaction processing. SAMSys Technologies Inc. is a public company
whose shares are listed for trading on the Montreal Exchange under the symbol:
"SMY". The Company has a total of 21,698,465 shares outstanding fully diluted.
Visit SAMSys at: www.samsys.com and www.investorfile.com.
