RFID Lowdown: Symbol Technologies to make RFID products for Europe and Asia Pacific

December 21, 2005

Symbol Technologies to make RFID products for Europe and Asia Pacific

Facing competition from rival company Intermec Technologies Corp., Symbol Technologies plans to expand its market by venturing into the European and the Asia Pacific market. At present the company's horizon is more or less limited to the US market.

Symbol plans to add forklifts and other mobile applications to its already existing devices that are being used by shipping companies. It is developing alliances with 7000 development and channel partners. It plans to deliver its products in Europe from 2006.

The focus is on developing better software and interfaces, specially for the XR400 RFID fixed and handheld readers. The company has already built the capacity to deliver anywhere between 200 to 400 million RFID inlays to the marketplace. With new license revenue expected to reach $751 million in 2006, Symbol should see good growth in the future. informationweek.com reports:

Phil Lazo, vice president and general manager of RFID infrastructure at Symbol Technologies said the U.S is the "dominant market" for Symbol today, followed by Asia and Europe, but that mix "will change next year" as the company gets new products into those markets."We have built the capacity to deliver between 200 million and 400 million RFID Inlays to the market place," he said.

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December 21, 2005 | Permalink