RFID Retail: Growth Plans: AbsoluteSKY ...

RFID solutions provider expects solid growth prospects for retail RFID applications. ...

... "AbsoluteSKY, Inc., developer of RFID-based inventory tracking systems for specialty retail, provides additional details on its business targets for the next 18 months. Buoyed by strong reaction to its intelliTRACKER product suite, positive channel feedback and continued overall market growth, the Company is projecting initial installations of its product suite with four national retailers within the next few months. Revenues of $25M, with a booking backlog of $60M, are in the Company's forecast for 2007. Professional research firms are projecting continued double-digit growth for retail RFID, with global spending rising to $3 billion by 2010 - a six-fold increase from 2005.



Other researchers post even more aggressive figures, estimating the size of the RFID market in North America alone to be $2.7 billion, and $6.1 billion worldwide! AbsoluteSKY's intelliTRACKER product suite ties together multiple technologies to provide retailers with real-time item-level inventory tracking. Its extensive benefits include the ability to increase inventory turns, virtually eliminate missed sales and gain extensive real-time control over loss prevention." ...

RFID Retail: Growth Plans: AbsoluteSKY Anticipates Fast Growth for its Retail RFID Business ...