[09/05/06]
Confidex, the RFID tag design and manufacturing specialist, announces that Guangshen Railway Company Ltd., part of the world's largest public transport operator, Ministry of Railways of China, has selected Confidex as the supplier of contactless limited use tickets. Under the five-year contract, Confidex is to provide 125 million RFID tickets, with deliveries to start in October of this year.
The contactless ticket order is one of the largest single orders for RFID tags ever and positions Confidex as the new global market leader for limited use RFID tickets.
In order to fulfill the contract, Confidex will establish a subsidiary, XinTag, in Guangzhou, China. Confidex' RFID ticket products will be marketed under the XinTag brand.
The Chinese railway system carries over 3 billion passengers annually and relies exclusively on single trip tickets. Guangshen Railway Company operates the strategically located railway between Guangzhou and Shenzhen, one of the most modern railways in the country. The operator is the first in the country to switch from the traditional barcode tickets to a contactless-only fare collection solution, with many more expected to follow. By introducing Confidex' contactless tickets, Guangshen Railway Company expects to drastically reduce ticket fraud while at the same time enhancing passenger convenience.
The single-use contactless tickets to be provided by Confidex will be paper-based and will contain a Mifare UL chip. The scale of the project, which equals in size the entire market for limited use contactless tickets for 2005, creates economies of scale that enable Confidex to break the current price barriers for paper tickets, thus spurring further growth of the contactless ticket market.
About Confidex
Confidex, headquartered in Nokia, Finland, is a fast growing company with unique expertise in RFID design, manufacturing and engineering. The company's highly experienced team has enabled Confidex to quickly become the trusted partner for major vendors and end-users in the RFID industry.
Confidex' core competencies and experience span HF (high frequency) and UHF (ultra high frequency) tag design, manufacturing and quality assurance testing. The company is also specialized in optimizing the RF link between tag and reader, including reader antenna design.
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