RFID Technology: PROJECT PROFILE

From BISNIS ...

... "There is a new trend away from bar code reading to the RFID technologies in the U.S. As a result of reduced prices and increased convenience, this new technology is being used extensively in automated systems such as logistics (warehouse management, factory line management, barrel tracking, supermarket trolley tracking, and fuel management), transportation (container tracking, bus station management, and vehicle access), and security related areas (vehicle access control, personnel access control, personnel tracking, and anti-theft identification). It is estimated that consumer durables will be the target market, expected to account for about half of planned production, while automotive and logistics each would account for 15% of production, while the rest (20 %) would be accounted for by other end users. Annual sales are forecasted to be between $5-6 million in the first two years of operation, and reach $7-8 million in the third and fourth years of operation." ...

BISNIS is the U.S. government's primary resource center for U.S. companies exploring business opportunities in Russia and other Newly Independent States. BISNIS provides U.S. companies with the latest market reports and tips on developments, export and investment leads, and strategies for doing business in the NIS. Since opening in 1992, BISNIS has facilitated more than $3 billion worth of U.S. exports and overseas investments. BISNIS was established in 1992 under the Freedom Support Act and is a part of the U.S. Department of Commerce's International Trade Administration, which promotes market access for U.S. companies worldwide. BISNIS, headquartered in Washington, D.C., is the U.S. Government's market information center for U.S. companies pursuing business development in the NIS - some of the world's promising developing market economies. A critical feature of BISNIS is its ability to bring buyers and sellers together to facilitate successful transactions, which has resulted in more than $3 billion worth of U.S. exports and overseas business activities since 1992.