| Source: | DOE SBIR |
|---|---|
| Date: | 10/23/96 Record No.: 10381 |
| Contact: | Alan C. Hurkamp, 703-352-0833 |
Wireless identification (RFID) tagging for asset management
May have applications in asset tracking, remote metering.
(Following text prepared by the company for the Dawnbreaker DOE Commercialization Opportunity Forum," Washington, DC, 10/8-9/96, for small businesses that have received DOE SBIR funding, and who are seeking investors, business partners, or customers.)
"The company has developed an exciting wireless technology, called RFID, derived from R&D grants by the Department of Energy. This technology has enormous commercial potential for applications such as asset management and transportation operations. The company chairs the ANSI technical sub-committee for RFID standards. Multiple patent and trademark applications have been filed. The product currently is in beta testing at DOE's Savannah River site and is ready for use in all DOE sites. A trucking demonstration system is on display at Andersen Consulting's transportation center in Atlanta. The management team, with over 35 years of RF, business, and finance experience, is poised to aggressively penetrate the current $250,000,000 market for RFID equipment, growing at an annual rate of 25%. The company is forming alliances with major corporations to accelerate growth and is seeking equity investment of $1,000,000 to support that growth. Various exit strategies will be entertained for equity investors including acquisition or IPO."
RANDTEC, Inc.
Alan C. Hurkamp, Chairman
Fairfax VA 22030
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