Advanced ID Acquires Thailand Engineering Company.CALGARY, Alberta -- Advanced ID Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AIDO AIDO Associazione Italiana Donatori Organi (Organ Donors Italian Association) ), a complete solutions provider in the 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. ) and traceability market for the animal industry, concluded an agreement to acquire a controlling interest in AFG Asia Engineering Co., Ltd. (AAE AAE American Association of Endodontists. ) to strengthen its resources in the RFID identification market. AAE is a recognized leader in the design and development of ultra high frequency See UHF. (UHF) RFID technology. The agreement becomes effective July 1, 2005. Operating from its Chiang Mai, Thailand office, AAE has ten employees focused primarily on the design, development, production and project management of UHF RFID products in Asia and Europe. The company has successfully designed and developed products for the livestock identification and traceability industry. Barry Bennett, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Advanced ID Corporation, stated, "The global livestock industry continues to move towards mandatory RFID identification and our acquisition of AAE provides us with the requisite resources to capture this growth." "The livestock industry requires a system that is able to read multiple tags for expedient processing and transportation, operate in environments with metal and machinery, provide long read ranges, and must be inexpensive to implement. Throughout the world, we have demonstrated how our UHF products are meeting these requirements. AAE will enhance our resources in UHF RFID and which we expect will strengthen our position in the livestock identification market", added Bennett. About Advanced ID Corporation Advanced ID Corporation is a complete solutions provider in the radio frequency identification (RFID) and traceability market for the animal industry. RFID provides a means to positively identify and track animals or objects. Advanced ID markets low frequency RFID microchips, scanners, and its pet recovery database to the companion animal and biological sciences markets. Advanced ID also markets its ultra high frequency DataTRAC(TM) tags, readers, and software solutions to minimize or eliminate the impact of biosecurity and food safety issues related to the livestock industry. For more information, please visit the company's website at www.advancedidcorp.com. Safe Harbor Statement: Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projections are "forward-looking statements". Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the company's judgment as of the date of this release. Advanced ID Corporation does not undertake to update, revise or correct any forward-looking statements. Advanced ID Corporation (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :AIDO) |
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