Omni-ID Establishes New China Subsidiary and Manufacturing Facility for Best-in-Class RFID Tags
--New Facility Will Enable Increased RFID Tag Production Capacity, Improved Quality and Time to Market--
Foster City, California, August 3, 2009
NEWS SUMMARY:
- Omni-ID, the leading supplier of high-performance passive UHF RFID tags, today announces the establishment of a new subsidiary, Omni-ID High Science & Technology Co., Ltd. located in Qingdao, China, within the Qingdao Export Processing Zone (QDEPZ).
- This new subsidiary, which includes a manufacturing facility, will allow Omni-ID to take control of its own world-class supply chain, thereby improving time to market and overall production capacity. The establishment of this subsidiary is a direct result of increased market demand for Omni-ID's high-quality, specialty passive RFID tags.
- As the business benefits and adoption of RFID become rapidly realized on a global scale, suppliers need to be responsive to customer needs and changes within the market. The Omni-ID China subsidiary will allow for a greater level of control over Omni-ID's supply chain, resulting in an increased production capacity, improved quality, flexibility and timely delivery to meet the fast growing market demand for Omni-ID products and services.
- The Omni-ID subsidiary will be solely dedicated to the production, assembly and QA of Omni-ID's leading passive UHF RFID product line of tags and services, including a rapid product prototyping capability.
- Located in the heart of the Qingdao Export Processing Zone within the Chengyang district, the Qingdao site offers a cost effective location and a logistics infrastructure with close proximity to an international airport, one of the largest seaports in the world, and around-the-clock customs processing. The establishment of its new subsidiary in China is a part of Omni-ID's brand and global expansion strategy to meet RFID market requirements and growth.
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"As a national model district for science and technology development, Chengyang is an exceptional place for innovative, technology companies like Omni-ID to invest and produce high tech products" said Li Guixi, Vice District Governor of Chengyang Municipal Government. "We welcome Omni-ID and look forward to the success they will experience as they take full advantage of the business benefits the Qingdao Export Processing Zone (QDEPZ) offers."
"The significant adoption of our RFID tags and resulting rapid growth for Omni-ID has opened the door for our further expansion. Our new subsidiary will allow us to offer additional value, quality and capacity to our customers at a very early stage in the history of our Company," said
Tom Pavela, President and CEO, Omni-ID. "Establishing the manufacturing facility in Qingdao is a strategic move for even greater control over our supply chain and product development, so that Omni-ID can bring to market RFID solutions that rapidly, flexibly, and cost effectively serve our customers and partners."
"Omni-ID's plans of initiating a subsidiary to manufacture its products in Qingdao, China is seen as a strategic move toward not only expanding its presence and business capabilities within the Asia Pacific region as a whole, but also as a thrust towards strengthening its in-house capabilities of product development, quality management and better flexibility to cater to a myriad of customer requirements swiftly," said Richard Sebastian, Automatic Identification €“ RFID, Research Analyst of Frost & Sullivan. "This is testament to Omni-ID's success in the RFID ecosystem in producing specialized passive UHF tags which has seen the company grow by leaps and bounds over the last 24 months."
About Omni-ID
Omni-ID is the leading supplier of high-performance passive UHF RFID tags that deliver near-perfect read rates on, off and near metals and liquids. Using a fundamentally different approach to RFID design, Omni-ID created a patented technology structure that allows for continued innovation and product development. Omni-ID has built a global partner ecosystem with leading RFID technology companies to deliver complete RFID asset tracking, supply chain management, work-in-process and cargo and container tracking solutions. To complement its product line, Omni-ID has a full service bureau offering to ensure efficient and seamless deployment of RFID implementations. With offices in Foster City, Calif. and in the UK, along with a manufacturing facility in China, Omni-ID's mission is to drive the widespread adoption of RFID technology as the optimal tracking and identification solution. For more information, visit www.Omni-ID.com.
Contact:
Chris Iafolla
SHIFT Communications
(617) 779-1857
ciafolla@shiftcomm.com