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Kelowna, British Columbia, Canada, 2007/09/18 - RFind Systems Inc.'s disruptive technology reduces infrastructure costs by 5 to 8 fold for Active Radio Frequency Identification (RFID) and Real Time Location System (RTLS). Managing Automation named them one of the Top 10 Companies to Watch in 2008.
RFind Systems Inc., a Kelowna BC based high tech company, has been recognized in the September, 2007 issue of Managing Automation Magazine (managingautomation.com) as one of their ‘Top 10 Companies to Watch in 2008’. Managing Automation focuses on technology solutions for progressive manufacturers.
“Managing Automation is always on the lookout for companies that are making life easier for manufacturers,” said online editor Chris Chiappinelli. “The rfid market, with its slow adoption curve, is an area where an upstart company with a fresh idea can have a big impact. We were drawn to RFind’s innovative approach to asset management and its potential for cost reduction in RFID deployments. Because of that, we considered RFind a strong selection for Managing Automation’s 2008 ‘Companies to Watch’ feature.”
RFind Systems manufactures Real Time Location Systems (RTLS) using active Radio Frequency Identification (RFID) Technology. RFind is the only company that uses Tag-to-Tag communication protocol. This protocol decreases the infrastructure costs associated with implementing an RTLS system, by 5 to 8 fold, thus making the system affordable for medium and large sized companies.
As CEO Sharon Barnes explained, “If the equipment or vehicle is large, metal, and expensive, RFind technology can help companies find it. It might seem silly to think that a front end loader or even a car can be ‘lost’. But if the yard or building they’re in is 500,000 square feet or maybe even 100 acres and full of equipment it can take staff hours to find the equipment. All that time is lost productivity and companies can’t afford that,” she said.
This ‘Top 10 Companies to Watch in 2008’ award comes on the heels of the several regional and provincial nominations and awards including: the Okanagan Science and Technology Council’s (ostec) 2007 Silicon Valley Innovation nomination for Most Promising Emerging Technology of the Year and Innovator of the Year; the Innovation Insights Recognition Award from the Canadian Manufacturers Association (cme) and the Canadian National Research Council.(ncr); and a first place finish in the New Ventures BC Competition which came with a $60,000 prize.
Barnes said, “This last 12 months has been a whirlwind for RFind.” She continued, “And now being named one of the ‘Top 10 Companies to Watch in 2008’ by a major manufacturing magazine brings more credibility to our company and the rtls industry. Our customers are already reaping the benefit of our technology and our lower deployment costs. I’m really proud of all the work our team has done. This award is wonderful recognition for them too.”