Advanced ID Corporation Signs Manufacturing Strategic Partnership Agreement with Guide-Trend Technology.Business Editors CALGARY, Alberta--(BUSINESS WIRE)--April 24, 2003 Guide-Trend is a leading technology plastics manufacturer serving global companies including Siemens, Phillips, and Minolta In preparation for beginning mass production of its state-of-the-art 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. chips, Advanced ID Corporation, (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AIDO AIDO Associazione Italiana Donatori Organi (Organ Donors Italian Association) ), today announced that is has signed an extensive Strategic Partnership Agreement with China-based Guide-Trend Technology Company, Ltd. The Agreement outlines Advanced ID's manufacturing partnership with Guide-Trend, whereby Guide-Trend will cost effectively and at the highest quality standards mass-produce the plastics encapsulation (1) In object technology, the creation of self-contained modules that contain both the data and the processing. See object-oriented programming. (2) The transmission of one network protocol within another. component of Advanced ID's RFID chips. Guide-Trend is a manufacturer of plastics for computers and electronics products. The company's injection blow molding facility is one of the largest in Asia and has a complete tooling capability including 37 injection molding machines with over 4800 tons of capacity. Guide-Trend has 600 employees that work in a 100,000 square foot facility that is ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. and UL certified. The company's customers include global industrial leaders such as Siemens, Phillips, Minolta, Marantz, Denon, Daewoo, B&O, and Bose. CK Li, President and Managing Director of Guide-Trend commented on the strategic partnership, "We are pleased to partner with Advanced ID in the RFID business. We believe the future of identification will depend on system integration and Guide-Trend is definitely prepared to provide plastics encapsulation for Advanced ID's products. After viewing the market potential throughout the world, Guide-Trend is prepared to invest in this area of the RFID business." Advanced ID's 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. , Barry Bennett added, "We have created an RFID chip with performance results that far outstrip out·strip tr.v. out·stripped, out·strip·ping, out·strips 1. To leave behind; outrun. 2. To exceed or surpass: "Material development outstripped human development" anything in the market today. What we needed in order to make our technology widely available is the right manufacturing partner. In Guide-Trend, we have found a very capable plastics manufacturer that can create the quality of plastics covering we need, coupled with the capacity to mass produce in response to our projected demands. We are pleased to partner with them and we look forward to a very productive, long-term working relationship." About Advanced ID Corporation Advanced ID Corporation, through its wholly owned Subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , is a pioneer in the radio frequency identification See RFID. (RFID) market. RFID allows for the positive identification and location tracking of animals or objects that have been identified with a tiny microchip. The Company currently markets RFID microchips, scanners, and its proprietary PETtrac database to the companion animal market, as well as for tracking of animals in the wild, including endangered species endangered species, any plant or animal species whose ability to survive and reproduce has been jeopardized by human activities. In 1999 the U.S. government, in accordance with the U.S. . Through organic growth and acquisition, Advanced ID Corporation is positioned to enter and considerably impact several significant new markets. For more information please visit the Company's website at www.advancedid.ca. Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs, and estimates as to projected market size 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. The company disclaims, however, any intent or obligation to update these forward-looking statements. |
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