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Verayo and SkyeTek Team Up to Deliver Industry's Lowest-Cost RFID Authentication Solution.

Companies Partner With GLOBALPCCA to Target Consumer and Pharmaceutical Product Anti-Counterfeiting in Africa

SAN JOSE, Calif. -- Verayo, a security and authentication solutions provider, has teamed-up with SkyeTek, a leading provider of RFID reader and software technology, to deliver the industry's lowest-cost RFID authentication solution. The two companies have partnered with GLOBALPCCA, an investments and healthcare solutions group, in addressing the counterfeiting menace in Africa. GLOBALPCCA defined the requirements keeping in view the cost, user-interface, security and deployment environment critical for success in Africa.

The solution includes Verayo's PUF technology based unclonable RFID ICs paired with SkyeTek's compact RFID readers to provide a secure, easy-to-use authentication solution at the lowest cost. Per GLOBALPCCA's directions, SkyeTek has created RFID readers in several form factors: a small pen-sized form factor, called the PENTESTA[TM] for consumers to carry in their pocket or handbag to authenticate consumer or pharmaceutical products at the point-of-sale, and a tray-sized form factor, called the TRAYTESTA([TM]), for pharmacies to authenticate products before sale to consumers. When the pen-sized reader is pointed to a tag on a product, or when a tagged product is placed on the tray reader, the reader uses PUF authentication protocol to identify a genuine product from a fake product, and displays a green or red light respectively.

"We are excited to partner with Verayo and incorporate its innovative PUF technology with our RFID readers to provide consumers with the ultimate anti-counterfeiting solution," said Daniel Frydenlund, CEO of SkyeTek. "It has been a privilege to work with GLOBALPCCA in implementing this solution in a way that will ultimately help people in Africa fight this counterfeiting threat."

"Counterfeiting is a huge problem seeking a solution. The only way to address this problem is by empowering the consumers so that they themselves can authenticate the product they are buying. Working with SkyeTek and GLOBALPCCA, we have created what I believe is a very simple, secure and yet low-cost RFID authentication solution," said Anant Agrawal, CEO of Verayo. "We believe this solution will help consumers in Africa easily and securely authenticate everyday products and lead a safer life."

"NAFDAC, Nigeria's National Agency for Food and Drug Administration and Control, has approved GLOBALPCCA's proposed solutions and signed a contract with GLOBALPCCA to provide a low-cost RFID-based authentication solution for Nigeria," said Dr. Steve Ams, CEO of GLOBALPCCA. "Keeping in view the requirements of countries in Africa, we were looking for a technology that was cost-effective, secure and unclonable, hence we selected Verayo's PUF technology based RFIDs, and SkyeTek's simple, low-cost readers."

To view a product demo, watch the video demonstration by visiting the company's YouTube channel at www.youtube.com/verayovideo.

About Verayo

Verayo was founded in Silicon Valley in 2005. The company is focused on building security and authentication solutions based on Silicon Physical Unclonable Functions (PUF) technology, which was invented and first implemented at MIT by Prof. Srini Devadas and his team. Since its founding, the Verayo team has designed, built, and tested ICs using PUFs and built-up a growing body of additional IP and substantive know-how beyond the initial IP that Verayo licensed exclusively from MIT. Verayo is funded by Khosla Ventures and has assembled an experienced Advisory Board drawn from the semiconductor and security industries. In addition to developing commercial products, the company is working on projects for various U.S. Defense Agencies.

For more information, visit http://verayo.com/.

About SkyeTek, Inc.

SkyeTek delivers stand-alone and embedded reader solutions that make RFID work easily, reliably, and economically for enterprises and OEMs that require the ability to continuously track goods and assets. SkyeTek's customers span numerous vertical markets and range from mid-market businesses to Fortune 500 corporations. What they share in common is the use of SkyeTek's reader solutions to increase visibility across the enterprise in order to create competitive advantage in their products and operations. SkyeTek is a privately held and headquartered in Denver, Colorado.

For more information, visit www.skyetek.com.

About GLOBALPCCA

GLOBALPCCA provides investments and healthcare solutions to a worldwide clientele. It provides innovative technology solutions for the healthcare and other industries. These solutions address a wide range of consumer needs. GLOBALPCCA is at the forefront of bringing cutting-edge, strategic solutions to the marketplace. Some of the products and solutions provided by GLOBALPCCA include the pen reader called the PENTESTA[TM], the tray reader, called the TRAYTESTA[TM] and mini manufacturing solutions, called MINIMAC[TM]. GLOBALPCCA is a major player in solving the chronic "Out of Stock Syndrome" in the pharmaceutical and healthcare industry in Africa. MINIMAC[TM] also provides top quality, US-Standard, customizable, affordable drug compounding and pharmaceutical products to consumers. The introduction of GLOBALPCCA's innovative PENTESTA, TRAYTESTA and MINIMAC are part of its ongoing efforts to combat counterfeiting.

For more information, visit www.globalpcca.com
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Comment:Verayo and SkyeTek Team Up to Deliver Industry's Lowest-Cost RFID Authentication Solution.
Publication:Business Wire
Geographic Code:1U9CA
Date:Sep 8, 2010
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