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Secure Transactions News

108% growth for Smartrac

Thursday 8 March 2007

The company also announced it has hit a record: for the first time, Smartrac produced more than eleven million RFID inlays for contactless data transmission in the high-frequency range in a single month. Smartrac is consolidating its position on several fronts. It opened a fourth factory in Thailand (cf. Smart Insights #07-06), that will give extra capacity as well as a better specialization of each factory. The company acquired 25% of Multitape (cf. SI #07-05) ensuring a secure access to the company's etching technology. Smartrac is also clearing up patents issues, with an agreement with Assa Abloy (cf. SI #07-02) and with Silone (cf. SI #07-08).