NSAV Holding Inc (NSAV)

[JPS02]

2014: World RFID market is worth $8.89 billion, up from $7.77 billion in 2013 and $6.96 billion in 2012

Radio-frequency identification (RFID) is the wireless use of electromagnetic fields to transfer data, for the purposes of automatically identifying and tracking tags attached to objects.

The tags contain electronically stored information. Some tags are powered by electromagnetic induction from magnetic fields produced near the reader. Some types collect energy from the interrogating radio waves and act as a passive transponder. Other types have a local power source such as a battery and may operate at hundreds of meters from the reader.

Unlike a barcode, the tag does not necessarily need to be within line of sight of the reader and may be embedded in the tracked object. RFID is one method for Automatic Identification and Data Capture (AIDC).

http://en.wikipedia.org/wiki/Radio-frequency_identification

Extracts from the Apr. 4/15 NSAV LOI PR:

Mr. Baritz said, “It is an end to end POS system that begins with the production of the products, and provides complete tracking, compliance, accountability, payment and delivery management, and highly sophisticated traceability solutions using Radio Frequency Identification Tagging (RFID) technology that will enable 100% accuracy and accountability throughout the entire POS process. We are also expecting to incorporate a secure mobile application platform of this service to expand the reach through wireless networks to all of the authorized users.”

On a related note, Baritz commented, “NSAV is currently engaged in discussions with one of the preeminent leaders and developers in RFID technology, and the content of those discussions are pointed towards adding that leadership to NSAV as a personnel asset on the Board of Directors that will virtually eliminate the trial and error process to allow us to facilitate the rapid introduction of this technology to market.”

NSAV PR: http://ih.advfn.com/p.php?pid=nmona&article=66222099&symbol=NSAV

Go NSAV!