Unisone(R) Corporation Licenses Patented Advanced Inventory Control System and Methodology Utilizing RFID Technology to TradeMotion Software(TM) Inc.NEWCASTLE, Del. -- Patent Gives TradeMotion the Ability to Revolutionize the Automotive Industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. by Managing Parts and New and Used Car Inventory Through Operably Connected Technologies in Real-Time Unisone(R) Corporation, a supplier of business software applications, which owns one of the richest inventory management IP portfolios, announced it has entered into a license for rights to its U.S. patent No. 6,996,538 for the automotive industry to TradeMotion Software(TM) Inc. The license covers the supply chain management software sector and systems relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc parts and automobiles inventories for advanced inventory management. The license also leverages business processes in operably connected technologies to track inventory through 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 to TradeMotion Software(TM) Inc. Leveraging the IP covered by the patent, TradeMotion will license its software for use by automotive and parts manufacturers, dealers, distributors, and resellers that provide real-time inventory knowledge via the Internet. "The license agreement with TradeMotion is another example of the signature opportunity to apply the Unisone intellectual property to today's real problems," said Bernard Puckett, advisor to the chairman of Unisone and former 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 IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) (NYSE NYSE See: New York Stock Exchange :IBM) mainframe business, Senior Vice President of IBM and founder of the IBM Consulting Group. The software systems developed by TradeMotion using Unisone's IP will enable businesses to access accurate on-demand inventory status and proximity from multiple locations without visiting or calling multiple stores or websites. This ensures manufacturers and retailers that they provide accurate inventory information to prospective customers for new or used cars, and even parts. In addition, dealers, manufacturers and parts suppliers will be able to leverage information to automate inventory management and replenishment, further increasing negotiation and buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. and speeding delivery of critical parts and supplies. "Automobile manufacturers are exploring and implementing initiatives to manage parts inventories through today's technologies," said Shawn D. Lucas, co-founder and president of TradeMotion Software. "The value in savings of this patent and technology for automobile manufacturers and dealers is in the hundreds of millions of dollars. At a minimum, the manufacturer and dealer will reduce obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. reserves on the balance sheet, streamline parts orders, increase the likelihood of needed part availability, reduce inventory cost, and increase service department productivity through demand forecasting rather than forecasting demand." "This move by TradeMotion positions it as the unequivocal leader in the use of technology to drive efficiencies in inventory management while aggregating data in the automotive market," said W. J. Kitchen, a newly appointed member of TradeMotion's Board of Directors. Prior to joining the TradeMotion Board, Dr. Kitchen has held various executive level positions most notably as Senior Vice President, Nanogen, Corporate Vice President and director of technology and quality for Motorola (NYSE:MOT) and Deputy Chief of Standards and Evaluation for the National Security Agency (NSA NSA abbr. National Security Agency Noun 1. NSA - the United States cryptologic organization that coordinates and directs highly specialized activities to protect United States information systems and to produce foreign ). He is currently the President of Climax Engineered Materials, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , (NYSE:PD). As part of the agreement, Unisone took an equity position in TradeMotion. Other terms were not disclosed. TradeMotion is a leading supplier of automotive parts software. About TradeMotion Software Inc. TradeMotion Software (www.trademotion.com) is a provider of e-commerce solutions primarily focusing on the parts vertical from manufacturers to retailers. The company's suite of web based Coming from a Web server. See Web application. products offer subscribers a smart sophisticated Storefront e-commerce system bundled with a robust back office portal which allows access to powerful tools to customize business rules for any marketplace scenarios. TradeMotion can support large Marketplaces with many distribution locations or single Storefronts whose needs are unique to their customers, as well as many vertical markets concurrently. TradeMotion utilizes a global data architecture allowing centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. databases to share or restrict information for personalization & memberships, content delivery, unique templates, profiles, libraries and settings built to scale to eliminate the human capital curve associated with sales growth. About Unisone Corporation Unisone Corporation is a research and development company for business software applications. For information visit www.unisoneusa.net. Unisone's IP along with existing software and expertise in RFID tracking secures the company's position as a market leader in inventory management solutions. Unisone's IP portfolio has broad applications in not only automotive, but electronics, entertainment, consumer, pharmaceutical, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , agricultural, and many other markets. |
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