DGAP-Media: SMARTRAC takes 50 percent stake in Omnia Technologies
(firmenpresse) - DGAP-Media: SMARTRAC N.V. / Key word(s): Enterprise/
SMARTRAC takes 50 percent stake in Omnia Technologies
14.02.2011 / 11:18
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Amsterdam, February 14, 2011 - SMARTRAC N.V., a leading developer,
manufacturer and supplier of RFID transponders, today announced that it has
reached an agreement with Omnia Technologies to take an interest of 50
percent in the Indian manufacturer of RFID tags.
The acquisition of 50 percent of Omnia Technologies is part of SMARTRAC's
growth strategy and further strengthens the company's business activities
in the Indian market. Omnia Technologies is a manufacturer of RFID tags
located in Gurgaon, India, with long-lived experience in the production of
LF, HF and UHF transponders.
'Omnia's product and technology range perfectly complements our industry
and logistics product portfolio,' said Dr. Christian Fischer, CEO of
SMARTRAC. 'India is one of the fastest growing markets for RFID. We are
very pleased to have Omnia as strong partner in the region to further
participate in the growth potentials of this market.'
SMARTRAC has extensive technical and operating experience and a proven
track record that amounts to more than 1.5 billion RFID transponders. What
also adds to SMARTRAC's manufacturing expertise is its broad intellectual
property from more than 300 patents and patent applications as well as its
extensive knowledge and experience in processing technologies such as
module packaging capabilities, and antenna-chip connecting technologies.
'We are very proud and pleased to partner with SMARTRAC. The company has a
strong reputation for highest quality standards in the RFID market,' said
Ashish Bhutani, Director of Omnia Technologies. 'We are excited to work
with SMARTRAC and to utilize synergies resulting from the partnership to
conjointly grow our business.'
Omnia Technologies will henceforth be managed conjointly by SMARTRAC and
its owners Ashish Bhutani and Ajay Bhutani.
About SMARTRAC:
SMARTRAC is a leading developer, manufacturer, and supplier of RFID
components for a broad bandwidth of applications in all current frequency
standards. The company produces ready-made as well as customized
transponders for public transport, access control, RFID-based car
immobilizers, animal identification, libraries, industry, and logistics.
SMARTRAC is the global market leader in high-quality RFID inlays for
electronic passports (e-Passports) and contactless credit cards (e-Payment)
as well as for RFID transponders for public transport applications.
SMARTRAC was founded in 2000, went public in July 2006, and trades as a
stock corporation under Dutch law with its registered headquarters in
Amsterdam. The company currently employs some 3,300 employees and maintains
a global research and development, production, and sales network.
Forward-looking statements:
To the extent that this press release contains forward-looking statements,
such statements are based on assumptions, planning and forecasts at the
time of publication of this press release. Forward-looking statements
always involve uncertainties. Business and economic risks and developments,
the conduct of competitors, political decisions and other factors may cause
the actual results to be materially different from the assumptions,
planning and forecasts at the time of publication of this press release.
Therefore, SMARTRAC N.V. does not assume any responsibility relating to
forward-looking statements contained in this press release. Furthermore,
SMARTRAC N.V. does not assume any obligation to update the forward-looking
statements contained in this press release.
End of Media Release
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Language: English
Company: SMARTRAC N.V.
Strawinskylaan 851
1077 XX Amsterdam
Niederlande
Phone: +31 20 30 50 157
Fax: +31 20 30 50 155
E-mail: investor.relations(at)smartrac-group.com
Internet: www.smartrac-group.com
ISIN: NL0000186633
WKN: A0JEHN
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP-Media
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112059 14.02.2011
Datum: 14.02.2011 - 11:18 Uhr
Sprache: Deutsch
News-ID 33197
Anzahl Zeichen: 0
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Kategorie:
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