AbsoluteSKY, Inc. (ABSY.PK), developer of the item-level intelliTRACKER™ inventory tracking solution, recently announced that it has ended the first quarter with a 300 percent increase in revenue over the previous quarter.
This increase confirms the continued traction AbsoluteSKY has generated in its commercial phase. The market response to the intelliTRACKER™ product suite among leading retailers remains strong due to the substantial efficiency gains produced by the system. The intelliTRACKER™ product suite comprises a modular, scalable solution set that can be implemented across an enterprise to exploit the benefits of Radio Frequency Identification (RFID), while enhancing overall productivity and customer satisfaction. Additional retailer contracts are expected to be announced over the next three to six months.
Demand for RFID technology is driven by the need for companies to achieve greater speed and visibility in their supply chains, with the goal of increasing their operational efficiency and levels of customer satisfaction. A RFID-enabled supply chain operation ensures that goods can be delivered to the place and at the time consumers are ready to purchase – creating lower inventory levels, reduced labor costs, fewer markdowns and increased sales – the bottom line: higher profitability and satisfied customers.
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