In other RFID stock news, the market is still waiting for the IPO for Seattle based Impinj, Inc., a leading provider of UHF RFID solutions for identifying, locating and authenticating items.
The timing could be right based on recent research from ABI.
According to recent news, 'ABI Research sees strong RFID growth potential', the RFID market bounced back in 2010 from the economic setbacks of 2008 and 2009.
The 2010 market grew slightly more than 14 percent to reach roughly $5.3 billion. If you take out automobile immobilization from the total, the market grew close to 18 percent, reaching nearly $4.4 billion.
ABI Research's ongoing study and data collection efforts reveal a projected total market size of nearly $6 billion in 2011, reflecting slightly more than 11 percent growth. The 2011 forecast without automobile immobilization is $5 billion, growing in excess of 14 percent over 2010.
Last week, Digi International (NASDAQ:DGII ) announced that RFID company , Inteligistics will use the iDigi® Device Cloud™, ConnectPort® X wireless gateways and XBee® ZigBee modules to wirelessly enable its intelligent, asset tracking system.
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Investorideas.com RFID Showcase Stock:
East Coast Diversified Corporation (OTCBB: ECDC)
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ECDC Recent News:
RFID Stock; East Coast Diversified (OTCBB: ECDC) Receives Purchase Order from Dubai Reseller, Will Deliver SchoolsConnects Integrated Hardware and Mobile App Solution to Two Schools
"ATLANTA - July 21, 2011 (Investorideas.com RFID stocks newswire) - East Coast Diversified Corporation (OTC.BB:ECDC), through its subsidiary EarthSearch Communications, Inc., announced today that it has received a purchase order from its Dubai reseller for its innovative SchoolsConnects solution. The SchoolsConnects transportation and class attendance monitoring system is an integrated hardware and mobile app solution that provides a platform for schools and parents to monitor the safety of students.
"This is an application that can save lives by alerting local authorities of a missing student in the event of kidnapping or a child forgotten on the bus," said Kayode Aladesuyi, Chief Executive Officer. "Nothing is more important or fundamental to a parent than the safety of their child. We are very proud to be offering wireless integration between global positioning systems (GPS) and (RFID) that provides real time information about student bus riders and class attendance monitoring."
Full News at: http://www.investorideas.com/CO/ECDC/news/2011/07211.asp
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