Advanced ID Corporation Participates in Successful RFID Summit and Announces Contract with Mahanakorn University of Technology.BANGKOK, Thailand -- In a press conference on February 20, 2006, Hubert Meier, Member of the Board of Directors of Advanced ID Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AIDO AIDO Associazione Italiana Donatori Organi (Organ Donors Italian Association) ), presented Advanced ID's present and future projects in Thailand. Advanced ID has an engineering facility in Chang Mai which includes an R&D Center and Technical Support Company. Advanced ID works in close collaboration with the Thailand government departments responsible for livestock. To date, there have been numerous successful field tests with DataTRAC(TM), Advanced ID's UHF/RFID livestock tracking and traceability systems. During the press conference, the Company also announced the Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. that was recently signed with Mahanakorn University of Technology Mahanakorn University of Technology (Thai: มหาวิทยาลัยเทคโนโลยีมหานคร . The Company and University signed the formal agreement, covering the next several years, to further develop 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. technology applications and products. Mr. Meier outlined that for countries to be successful, there must be greater government awareness and involvement. Mr. Meier also stressed the need to aggressively open the markets with continued support from government and regulatory officials. The research and development of RFID must provide intellectual property rights, while also maximizing the development of applications that meet the needs of domestic markets. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Meier, "Today's events mark a milestone in collaboration and demonstration of technology. Our partners at Mahanakorn University of Technology have a stellar reputation in research and provide additional infrastructure to enhance and accelerate our applications. With continued aggressive support of the government, regulatory, and scientific communities, we are maximizing our investments and our technology." Professor Apisak Worapishet of Mahanakorn University stated, "Advanced ID has provided, and is making accessible, the needed investment in people, products, and proven technology. It is our shared goal to develop a pool of highly trained engineers and technocrats to serve the booming future of RFID in both domestic and overseas markets. With our partnership announced today, Mahanakorn University is certain to become one of the leaders in the education of RFID Technology in Thailand and Asian countries. The partnership with Advanced ID will accelerate our superiority in RFID technology, while also stimulating greater awareness, and sales, of Advanced ID products and applications globally." According to Advanced ID President & 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. , Dan Finch, "To date this was the most successful opportunity to showcase DataTRAC(TM), our UHF/RFID livestock tracking and traceability technology and products. Advanced ID Asia Engineering Co. Ltd. is headed up by Gottfried Auer, Managing Director. Mr. Auer's team made this event possible through their commitment, focused due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and hard work. The conference provided a large audience of key stakeholders, including industry leaders, scientists, researchers and interested users. We are very gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. with the tremendous showing and the significant business interest generated. To also reach a long-term contract with Mahanakorn University of Technology was equally important. With our livestock focus, and the other RFID applications we are involved in, this contract supplements and strengthens our position and our market credibility." About Advanced ID Corporation: Advanced ID Corporation (OTCBB:AIDO) is a complete solutions provider in the radio frequency identification See RFID. (RFID) market. RFID provides a means for positive identification and trace-back of objects that have been identified with a microchip or RFID tag An electronic identification device that is made up of a chip and antenna. For reusable applications, it is typically embedded in a plastic housing, and for tracking shipments, it is usually part of a "smart" packaging label. . The Company's subsidiaries are Advanced PET ID, "The Pet Microchip Company", the largest provider of companion animal identification in Canada, and Advanced ID Asia Engineering Co. Ltd., the R&D and Technical Support Company. Since 1994 Advanced ID Corporation has been offering a low frequency (LF) product line of over 100 items comprised of RFID microchips, identification scanners, and a proprietary pet recovery database to the companion animal and biological sciences markets. Advanced ID is also a leader in UHF/RFID technology with a complete line of DataTRAC(TM) livestock tracking and traceability products and UHF/RFID automotive applications. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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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