Advanced ID Secures Partnership Agreement with Applied Wireless.Business Editors/High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--Nov. 25, 2003 Advanced ID Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AIDO AIDO Associazione Italiana Donatori Organi (Organ Donors Italian Association) ), a pioneer 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. ) market, today announced it has entered into a strategic partnership agreement with Applied Wireless Identifications Group, Inc. (AWID AWID Association for Women's Rights in Development AWID Association of Women Industrial Designers AWID Aircraft Weapons Integration Department ) for the production and marketing of RFID readers for Advanced ID's field tests in Taiwan where a total of 32,000 readers will be needed to fulfill the needs of the Taiwan hog industry according to the government. Advanced ID has utilized AWID's expertise to jointly develop an RFID reader exclusively for the livestock identification market, and which will be used for its field tests in Canada, Taiwan and Argentina. AWID readers were previously used in Advanced ID's field tests conducted at Ballco Feeders Custom Feedlot feedlot a management system in which naturally grazing animals are confined to a small area which produces no feed and are fed on stored feeds. See also dry lot. backgrounding feedlot and at Cargill's beef processing plant. The AWID readers performed flawlessly offering a significant read range under extreme conditions. Donny Lee, 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 AWID, commented, "We have been working with Advanced ID for over one year to assist them in developing an RFID reader to meet the specific needs of the livestock industry. Consequently, we are very excited about partnering with them to provide cost effective RFID technology solutions for livestock identification and trace back. Advanced ID has clearly demonstrated their vision for this marketplace, and it is our goal to be an integral part of their growth plans." Barry Bennett, President of Advanced ID, stated, "Biosecurity and food safety have become critical issues for the livestock industry. Our partnership with AWID to provide a superior livestock identification and trace back system enables us to offer cost effective solutions to minimize or eliminate such contentious issues. AWID's flexibility and willingness to meet our specifications for an RFID reader allows us to offer a customized solution to fit any identification and trace back requirement." 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 (RFID) market. RFID allows for the positive identification and location tracking of animals or objects that have been identified with a 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.advancedidcorp.com. About Applied Wireless Identifications Group, Inc. (AWID) AWID is the world's largest multi-protocol RFID tag reader manufacturer, providing products globally for the Supply Chain, Logistics, Transportation, Asset Management, Access Control and Security markets. AWID provides the world's highest performance, low cost RFID tag readers for handheld, fixed location, portal and shelf applications. In 2002, Venture Development Corp. (VDC VDC Volts Direct Current VDC Venture Development Corporation VDC Vehicle Dynamic Control VDC Village Development Committee (Nepal) VDC Virtual Data Center VdC Verband der Cigarettenindustrie ) ranked AWID as the World's number one manufacturer of 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. and Microwave handheld RFID readers. AWID's multi-protocol readers work with all commercially significant RFID tag protocols (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. , EPC (1) (Entertainment PC) See HTPC. (2) (Electronic Product Code) A standard code for RFID tags administered by EPCglobal Inc. (www.epcglobalinc.org). , EM Micro, Philips, TI, ST Micro, SCS, etc.). For more information, please visit the Company's website at www.awid.com. Safe Harbor Statement: Investors should carefully consider the preceding information, as well as other information contained herein before making an investment in the common stock of the Company. Information contained herein contains forward-looking statements and information that are based upon beliefs of, and information currently available to management, as well as estimates and assumptions made by management. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "expects", "is expected", "intends", "may", "will", "should", "anticipates", "plans" or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to vary materially from historical results or from any future results expressed or implied in such forward-looking statements. Advanced ID Corporation does not undertake to update, revise or correct any forward-looking statements. 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. The company disclaims, however, any intent or obligation to update these forward-looking statements. |
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