I sent an email to the company concerning the issues on the board, and this is the response I received:
Dear Mr.------,
Before you post on an investor board you should have your facts correct and should have been in touch with the company as part of due diligence to avoid misleading other investors, for whatever reason. In this case, this is a very simple process when you consider the amount of information in the public domain reference Traxxec – patent, license agreement, Traxxec website, Rexam website and the company itself that has always responded fully and fairly to my enquiries. If you had carried out some due diligence rather than posting mis-informed opinion you would know that Traxxec does not manufacture RFID tags but can purchase them from several sources, Sun, UPM Raflatec, Motorola, Philips etc etc.
The purchased micro chip and antenna are then moulded as part of a process with its strategic partner, Sokymat, and this “tag” is ultra sonically welded into a bottle manufactured by Rexam without damage to the sensitive electronics, a process developed before securing the IP within Traxxec, to produce an extremely robust RFID enabled container using chips purchased from any suitable manufacturer and at any frequency to suit the application. This process is patentable and, because Traxxec is not a manufacturer of RFID tags or bottles, has been licensed out to global market leaders, a fairly standard business process.
If you had even bothered to read the information in the public domain you would, and should have, been fully aware of the company, its products and services and its place in the market as a small systems integrator and product development company. Further, Traxxec provides consultancy services on a fee for service basis regarding the application of RFID, systems and hardware, in particular in the pharmaceutical arena. These activities have enabled Traxxec to continue as a business without equity funding.
I must warn the investor that whatever happens in the future, Traxxec is a company that came to the market to get funding for further development work and working capital until revenues from royalties “kicked in”
Marie Richards
Investor Relations
T: +44(0)845 396 8168
F: +44(0)1270 842 114
W: www.traxxec.com
