*The supposed magic price-point for Radio-Frequency
ID chips has long been "five cents each."
http://www.ferret.com.au/articles/d2/0c01a9d2.asp
*Well, here are some guys who've patented a conductive
INK that removes the "chip" entirely. Plus, they're
Israelis who specialize in covert applications! Y'know,
the arphid biz really IS a "spy chip" biz! Except what
we're seeing here is the creation of spy INK!
*At about a fifth of a cent a pop, if this innovation
actually functions, it's means comprehensive revolution.
You could arphidize every stick of gum and condom
packet on the planet.
http://www.inksure.com/html/News/press/jun_05.htm
You heard it here first, I bet
Press Release
InkSure Technologies Reports Pattent Approvals Involving "Chipless" RFID
Pattents Represent Milestone in Development of Affordable Item-Level Tagging for Secure Logistics and Track & Trace Applications
FT. LAUDERDALE, Florida, June 1, 2005 – InkSure Technologies Inc. (OTC BB: INKS - News), 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 two key U.S. patents related to the Company’s ongoing development of “chipless” RF tags.
(((You gotta like that "covert" angle. It's hard enough trying
to ferret the chips out of your Victoria's Secret underwear;
now try hunting down traces of ink.)))
The two patents are entitled “Chipless RF Tags” and “Radio Frequency Data Carrier and System for Reading Data Stored Therein”.
(((I wonder if you can 3-D print an entire fabbed object
out of "chipless ink"?)))
“While RFID (Radio Frequency Identification) technology enables automatic non-contact and non-line-of-sight conveyance of product and logistic information, current RFID applications require that relatively expensive chips be imbedded in the ID tags, making item-level tagging impractical for most products,” stated Elie Housman, Chief Executive Officer of InkSure Technologies Inc.
(((I bet he didn't "state" that jawbreaker out loud.
Maybe he whispered it.)))
“Our goal is to develop multi-bit ‘chipless’ RFID tags that can be manufactured and applied to product labels at a cost of well below one cent each. Such tags 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.”
(((He's not kidding!)))
According to IDTechEx Ltd., a leading consultancy in smart labels and smart packaging, global revenues from RFID systems should exceed $10 billion by 2010, with ‘Chipless RFID” accounting for at least 30% of the total.
“The issuance of these patents confirms InkSure’s ownership of these important chipless RFID innovations and will allow us to accelerate our development of an ultra-low-cost printable RFID tag,” continued Housman. “We have established a separate subsidiary, InkSure RF, Inc., to pursue and commercialize our RFID technology, and we have applied for additional U.S. and European patents.”
(((Expect patent wars in short order; this is too big
a deal to be ferreted through a teensy Israeli company.
They've got to be a big M&A target right now.)))
InkSure Technologies Inc., with its corporate headquarters in Ft. Lauderdale, Florida and its R&D center in Science Park, Rehovot, Israel, specializes in comprehensive, covert security solutions designed to protect high profile brands and documents of value from counterfeiting, fraud and diversion.
(((Take that, black globalizers.)))
The Company's sales and marketing activities target a number of market opportunities, including financial, pharmaceutical, branded products, transportation, and government/institutional, on a global scale.
(((It's every bit as spooky as it sounds!)))
The Company's common stock is listed on the OTC Bulletin Board under the symbol "INKS". Additional information on the Company is available on its website at http://www.inksure.com.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Although InkSure (the "Company") believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. Important factors that could cause actual results to differ materially from the forward-looking statements include the Company's need to obtain substantial additional capital (through financings or otherwise) to fund its operations, the progress of development, government and regulatory approvals and licensing/commercialization of the Company's technologies, and other factors noted in the Company's periodic report filings with the Securities and Exchange Commission. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
(((Great disclaimer, huh? What if you printed disclaimers
in smart ink? Then you'd have a global radio-locating
system for finding legal disclaimers!)))
For further information, please contact:
James Assaf, CEO, U.S. Operations at +1-954-772-8507 or via e-mail at [email protected]
or
RJ Falkner & Company, Inc., Investor Relations Counsel at +1-800-377-9893 or via e-mail at [email protected]
