latest from INGER ingerleter.com on INKS
InkSure (INKS) presented a solid earnings report and 'conference call' recently. The stock advanced ahead-of, during, and even after the report; then it eased and now is firming again into the Boston presentation of 'chipless RFID'.
News today (slightly abbreviated and condensed by us, with no material changes):
InkSure Technologies Inc., a leading provider of covert machine-readable security solutions for the prevention of counterfeiting, fraud and diversion, today announced that its wholly-owned InkSure RF subsidiary has been awarded a new U.S. patent related to the Company's ongoing development of "chipless" RF printed labels.
US patent number 6,997,388, entitled "Radio Frequency Data Carrier and Method and System for Reading Data Stored in the Data Carrier," was granted February 14, 2006. This is the 3rd patent involving "chipless" RFID applications granted to InkSure Technologies in the past 16 months.
This new patent and anticipated future grants define our serious intentions in this field," stated Elie Housman, Chairman and Chief Executive Officer of InkSure Technologies Inc. "While RFID (Radio Frequency Identification) technology enables automatic non-contact and non-line-of-sight conveyance of product and logistical information, current RFID applications require the embedding of relatively expensive chips into the ID tags, making (other) item-level tagging cost-prohibitive for most products.
Our (InkSure's) goal is to develop multi-bit 'chipless' RFID printed labels that can be manufactured and applied (or imprinted we'll note) at a cost of well below one cent each. 'Chipless' RFID labels offer far more speed, functionality and ease-of-use than traditional barcodes, and have the potential to revolutionize brand protection and supply chain management on a global scale." (ed: that's the part we view as having 'disruptive' potential versus the more-expensive and silicon-based competition).
According to IDTechEx Ltd., a leading consultancy in smart labels and smart packaging, "chipless" label technology is expected to represent 45% of total RFID unit volume within ten years.
"We believe that, based on this patent, we have achieved a technology proof-of-concept that addresses the most critical challenge involved in the development of a 'chipless' RFID tag/label using printed conductive ink marks," continued Housman. "This should pave the way to one of the most promising technological foundations for cost-effective 'chipless' RFID solutions."
InkSure, with its corporate headquarters in Ft. Lauderdale, Florida and its R&D center in Science Park, Rehovot, Israel, specializes in uniquely comprehensive, covert security solutions designed to protect high profile brands and documents of value from counterfeiting, fraud and diversion. The Company's sales and marketing activities target sectors including financial, pharmaceutical, branded products, transportation, and government/institutional areas, on a global scale. The Company's R&D activities include development of "chipless" RFID technology for affordable item-level secure logistics and track-and-trace applications.
We suspect that the 'chipless RFID' presentation this week, may commence a good intro for InkSure to showcase existing product lines too; as many potential customers don't need non-line-of-sight (RFID) ability for everything that they market these days. Or they may need it for caseloads, but not necessarily piece goods. If so the current offerings of low-cost-per imprint authentication & anti-counterfeiting technology may be very important to present, though likely lacking the future-tech 'pizzazz' of RFID.
Today; the stock briefly breached 4 again, then settled-back a little. With presentation and realization of the company's potential (and it's just that, though they have stated a couple meaningful undisclosed major accounts that are in various stages of starting with them), we would not at all be surprised to see (reserved comment for members).
Essex Corporation (KEYW) consolidating after recent easing (more commentary).
Ionatron (IOTN) is a developing 'disruptive player' in Directed Energy Weaponry. In our opinion the ' conference call' shed more light on prospects (and affirmed direction for a number of areas) as 'theorized and speculated' about, in a very favorable way.
The pattern action in this stock remains excellent. It continues so and we expect that to not only continue to be the case, but we are actually looking for price improvement, (as outlined). Stay tuned to our daily (or intraday if a MarketCast member) comments.
(Reserved for members only) added as a speculative 'pick' after announcement as discussed in last evening's remarks. We will not be reiterating the commentary, as it was lengthy (though we do appreciate several kind comments about our thoroughly covering pertinent aspects in a first write-up). Members may refer to the March 28th Daily Briefing text for the full assessment of this potential best-of-breed selection.
By the way, we 'unofficially' heard rumors that in Taiwan there has been 'field testing' of variation of (reserved) product for months, as it may be effective against surface superficial contamination of 'bird flu' (yes, H5N1 Avian virus). Yesterday's curiosity it turns out was more than speculation; we have heard that is actually the case (more). Of course 'bird flu' utilization is terrific; but absolutely not our primary interest in this.
Today: price action excellent. We are extremely pleased the shares didn't gap up and in that regard thank members keeping it
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