Advanced ID Corp. (AIDO.OB) is a complete solutions provider in the radio frequency identification (RFID) market. The company provides products for positive identification of both inanimate objects for supply chain applications and companion animals for tracing and recovery purposes.
AIDO uses low-frequency radio waves for companion animal recovery and is the 2nd largest player in the Canadian market for these services, with an estimated 40% market share. The company is also involved in ultra-high-frequency RFID for tires. AIDO provides lifetime IDs for tires that can be used for inventory purposes, tire recalls, etc.
AIDO continues to expand its product line. The company’s tracking systems are being tested by major companies in the vehicle ID, pharmaceutical, food services, retail, and document management sectors. In addition, the company has introduced two new tire maintenance products that position AIDO as an industry leader in tire diagnostics. Revenues for this business line are expanding at double- and triple-digit rates.
AIDO is also expanding internationally. The company is building a global distribution network by contracting with new distributors, systems integrators, value-added resellers, and direct sales professionals. AIDO has a strong presence in area such as the US, Canada, and Europe, and is expanding elsewhere. The company, over the past months, has announced multi-million dollar deals with firms in many of the rapidly growing emerging-market economies around the world, including China, Brazil, India, Malaysia, Indonesia, and Mexico.
The RFID market certainly offers a major opportunity for AIDO. According to research company IDTechEx, the value of the RFID market is likely to rise to $5.3 billion in 2008 from $4.9 million in 2007. By 2018, the market is forecast to grow five-fold and the number of tags supplied is anticipated to increase 300-fold.
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