RFID Company: Activeworlds Signs Letter of Intent to Acquire Hi-G-Tek

From Business Wire (press release), CA  ... Hi-G-Tek's remote wireless monitoring platform harnesses active RFID technology to give tags, seals, locks and sensors full 2-way, real time, wireless ...

... Activeworlds Corp. (OTCBB: AWLD) has entered into a Letter of Intent to acquire Hi-G-Tek, Ltd., an early stage company and a leader in remote wireless monitoring for the security and security management markets, in a transaction expected to be treated as a reverse acquisition. ...

Hi-G-Tek's remote wireless monitoring platform harnesses active RFID technology to give tags, seals, locks and sensors full 2-way, real time, wireless communications capability. The principal applications of the Hi-G-Tek technology are currently in cargo and container protection, hazmat and fluid protection, locking systems, and monitoring site assets. The products are stable and reliable in both indoor and severe outdoor environments. By enabling fast processing of secured cargoes with active RFID technologies, Hi-G-Tek significantly reduces reaction times in identifying and meeting global threats.

Hi-G-Tek has specialized in remote wireless technology since 1996. The Company has a broad portfolio of technologies and patents associated with RF and wireless remote monitoring systems. Hi-G-Tek offers a number of products leveraging its active RFID technology including: (i) a range of locks, seals and tags that incorporate embedded sensors to alert for any movement or tampering; (ii) a range of readers and terminals for data collection and processing; and (iii) applications software to easily manage complete systems and integrate with 3rd-party products. The proprietary chip-set developed by Hi-G-Tek offers superior functionality and performance while using only modest power consumption.