Printer Friendly
The Free Library
19,573,962 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

12 Lucky Wal-Mart Suppliers To Get RFID Tracking Service for $25,000.


DENVER -- America's fastest growing radio frequency identification See RFID.  (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) consulting company is about to make a nightmare turn into a dream-come-true for 12 lucky Wal-Mart suppliers.

Almost 70,000 Wal-Mart (NYSE NYSE

See: New York Stock Exchange
: WMT (Windows Media Technologies) See Windows Media. ) suppliers have been mandated by the retail giant to use RFID chips so that Wal-Mart merchandise can be tracked from the time it's loaded off the supplier's docks to when the customer takes it out the retail giant's door.

The cost for suppliers, according to Forrester Research, can be upwards of $9 million to set up an RFID tracking system. RFID, LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability  (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
: RFDL RFDL Radio Frequency Data Link ) of Denver is offering its exclusive Black Box compliance service for only $25,000 to the first 12 suppliers who sign up.

Nicholas Chavez, RFID expert and president of RFID, LTD, will personally supervise the 12 implementations of Black Box RFID(TM) for Wal-Mart suppliers.

In 2005, Wal-Mart reported doing business with over 68,000 suppliers worldwide, all of which are required to comply with RFID requirements. RFID, LTD's Black Box RFID(TM) solution provides all that is needed to comply with the RFID mandate including hardware, software, middleware, implementation and knowledge transfer.

"This unprecedented offer is a very important example of how our RFID implementations are affordable and beneficial to small to medium sized retail suppliers," says Chavez. "The first movers for RFID compliance mandates were large companies with billions in revenue. We have taken the knowledge gained from those large implementations and have streamlined it for businesses doing less than $10 million to $100 million in revenue."

The offer, that begins Wednesday, March 1, 2006, is limited to the first 12 Wal-Mart suppliers who apply, accept terms and are subsequently approved for implementation of the Black Box RFID(TM) program. To be approved, a supplier must agree to have the multi-day implementation process filmed for a documentary and for marketing purposes.

Participants will be announced by April 1. For more information visit www.rfid-ltd.com or call 800-961-6125 and ask for Jim Nolte or email lucky12@rfid-ltd.com

RFID, LTD. (OTC: RFDL) is the world leader in formulating, testing and deploying vendor neutral UHF (Ultra High Frequency) The range of electromagnetic frequencies from 300 MHz to 3 GHz. In the U.S., analog television has used UHF channels 52 to 69 in the 700 MHz band.  radio frequency identification (RFID) solutions for small to medium sized businesses required to comply with Wal-Mart (NYSE: WMT), Target (NYSE: TGT TGT Target
TGT Ticket Granting Ticket (Windows 2000 Kerberos security)
TGT Target Corp (stock symbol)
TGT Turbine Gas Temperature
TGT TDRSS Ground Terminal
TGT Tank Gunnery Trainer
TGT Target Tracker
), Best Buy (NYSE: BBY), Albertsons (NYSE: ABS), Home Depot (NYSE: HD) and Department of Defense RFID compliance mandates.

Wal-Mart, the largest corporation in the world with 2005 revenues of $285.5 billion, operates more than 3,600 facilities per day in the U.S. alone. Some 1.6 million employees report to work each day worldwide to service more than 138 million weekly customers. Wal-Mart trucks deliver some 50 million shipping pallets to Wal-Mart stores.

Forward-looking Statements: This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.

To arrange an interview with Nicholas Chavez, contact Scott Lorenz of Westwind Communications at scottlorenzrfid@westwindcos.com or by phone at 734-667-2090 or cell: 248-705-2214.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 1, 2006
Words:581
Previous Article:Talisman Energy Generates $4.7 Billion in Cash Flow in 2005; 516,000 boe/d Fourth Quarter Production; 189% Proved Reserves Replacement.
Next Article:Enjoy Media Completes the Acquisition of HuiZhi.
Topics:



Related Articles
New technologies: RFID makes waves as logistics tool.
RFID goes mainstream.
Tagging war shipments: far more complicated task than expected.
RFID roundup: trying to keep the chips down.
Pentagon officials refining requirements for smart tags on military shipments.
The race to RFID: How CEOs are grappling with the breakthrough tracking technology.
Contractors struggling to comply with Pentagon smart-tag mandate.
Looking at RFID? Companies are ready to exploit the technology despite privacy concerns.
Tracking military supplies no longer requires RFID.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles