IDENTEC GROUP, the leading global RFID solutions provider which recently announced it had completed a $7.5 million equity capital round with private investors, said today that its strategy of creating synergies and investing in the growth of its four US businesses is rapidly showing significant results.
IDENTEC GROUP capitalizes and grows companies in global business-to-business and business-to-consumer RFID markets and serves more than 2000 customers in 16 industries on all continents, making it the largest RFID solutions provider in the world.
The company said that its four US businesses -- Hothead Technologies, Beverage Metrics, InSync Software, and IDENTEC Solutions -- are all showing promising results since the company announced a heightened focus on the US market earlier this year. In particular, Hothead Technologies and Beverage Metrics have recently signed major pilot projects with a series of Fortune 500 companies. Hothead, where IDENTEC GROUP recently increased its ownership from 5% to 100% is at the forefront of developing wireless solutions to aid in the detection and prevention of heat-related events and illnesses and is making rapid advances in sports, industry, and among fire and rescue organizations. Beverage Metrics developed and markets the first complete beverage management solution for the hospitality industry, tracking the amount of beverages poured in real time as well as back-room bottle inventory. InSync Software developed the software platform for both companies, while IDENTEC Solutions developed the sensors for both Hothead and Beverage Metrics.
In April, IDENTEC GROUP announced a new operating strategy intended to capitalize on the core competencies of its US businesses and promote synergies in technology, marketing, operational and financial activities. The goal is to help these companies respond rapidly to the demand of their customers and markets as well as to open up additional growth opportunities.
"We are excited to see both the growing potential for solutions from our US businesses and the synergies they are generating, which means more cost-effective solutions for our customers," said Dietmar Amann, IDENTEC GROUP CEO. "There is tremendous potential for our RFID technology and solutions across many industry segments."
Among other innovative RFID solutions developed by IDENTEC GROUP companies are: tracking containers, trucks, and heavy equipment in the world's busiest ports; assisting the US Department of Defense with the secure and safe transport of high-value cargo; managing material assets in the building of power plants and large industrial projects, and real-time tracking of fresh foods from field to fork.
About IDENTEC GROUP
IDENTEC GROUP, with global headquarters in Vaduz, Liechtenstein and US offices in Dallas, Texas, is a leading, advanced RFID solutions provider that capitalizes and grows companies in global business-to-business and business-to-consumer RFID markets. Recognized worldwide for their patented, award-winning RFID solutions in more than 16 different industries, IDENTEC GROUP member companies develop and market innovative RFID solutions that identify, measure, track, and trace assets and people across the value chain, delivering actionable information through the cloud. IDENTEC GROUP works with its member companies on issues ranging from capitalization and the development of business models and strategies to operations and shared technology, sourcing efficiencies, and mutual customer relationships. For more information, visit the company's web site at www.identecgroup.com.