TORONTO, CANADA: KMA Global Solutions International Inc. has entered into a long term, multi-million dollar development program to produce a DUAL Tag with EAS (electronic article surveillance) and RFID (radio frequency identification) capability in one.
The new DUAL Tag, to be used in the garment business for one of the largest retailers in the world, will be tested with an initial 20 million units and would generate close to $3,000,000 for KMA. Once successfully tested, this product could generate revenues in excess of $10 million annually with just one retailer.
KMA will use its known ability to produce DUAL Tags already integrating more than one EAS technology on a single label. Both the RFID circuit and the EAS circuit specified by the retailer will be incorporated in a new DUAL Tag.
KMA originally developed the DUAL Tag(TM) with this transition in mind, anticipating its compatibility with conventional EAS systems and newer RFID technology in store on per item tagging. Due the proven ability of KMA's partners to distribute the finished product into the supply chain, this program presents a very significant opportunity for KMA in the retail market.
Jeffrey D. Reid, CEO, of KMA Global Solutions, commented, "The potential for this solution to dominate the market is extremely high and is the break in the industry we have all been waiting for." He continued, "This opportunity will take KMA into the next phase of retail supply chain as a leader in this global market."
KMA's DUAL Tag provides theft protection through its innovative combination of two leading Electronic Article Surveillance (EAS) technologies in a single, high-speed application. Packaging companies that have adopted DUAL Tag consider it to be of great benefit to their operation.
When compared to applying the two EAS technologies separately, production efficiencies increase substantially and overall costs are significantly reduced. DUAL Tag eliminates inventory costs associated with duplicate inventories that differ only by EAS technology and allows products to be sold through any retail channel.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.