An analysis of the results of an RFID survey of more than 100 companies conducted by CYBRA Corporation showed that 34% of organizations are using, piloting, or already in the process of implementing RFID technology. This is a 21% increase over a previous RFID survey conducted by CYBRA in 2008.
Other highlights from the survey include:
- Of organizations (regardless of their industry) who were either implementing RFID or evaluating the use of RFID, 80% of respondents agree that they will do it not only for EPC (Electronic Product Code) compliance, but because they realize they will maximize their profits.
- Improved Inventory Accuracy (60%) and EPC Compliance (55%) remain the top two business drivers that determine RFID adoption. Of those who cited EPC compliance as a driver of RFID adoption, (24%) also cited item level tagging as a current initiative.
- The top key anticipated benefits of RFID adoption are improved inventory accuracy (29%), increased profits (26%), and overall increase in efficiency (24%).
- Only 8% of respondents answered that they will not be using RFID at all. These respondents state that their reasons are that they are worried about high costs and that there isn’t enough evidence of ROI. This is down from 2008, where 15% of respondents answered that they are not using RFID, and will not be using RFID in the future.
About CYBRA Corporation
Avery Dennison the United States
MarkMagic™ Bar Code Labels, RFID Tags and Forms Software empowers customers to design virtually any type of Auto-ID document — labels, forms, RFID tags, tickets, magnetic stripe plastic cards — and print them on hundreds of types of general and specialized printers from laser to thermal to automated applicators. MarkMagic has been selected as the Auto-ID print engine of such leading software developers as Manhattan Associates™, Infor™ and VAI™.
CYBRA’s latest product, EdgeMagic®, is a platform for rapidly building integrated applications that locate objects and people using RFID, RTLS and other tracking technologies. EdgeMagic provides customers with the ability to quickly implement EPC (Electronic Product Code) compliance systems, and RFID closed loop track and trace applications.
CYBRA software solutions run on all major computing platforms including IBM Power Systems (System i, iSeries, AS/400, AIX) as well as Linux, Unix, and Microsoft Windows.
CYBRA Media Contact:
Sheldon R. Reich
CYBRA Investor Relations:
This release and other statements issued or made from time to time by the Company or its representatives contain forward-looking statements within the meaning of Rule 175 of the Securities Act of 1933, as amended, and Rule 3b-6 of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our industry, our beliefs and our assumptions. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks" and "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.
These forward-looking statements include statements regarding projected revenue and income in future quarters and our beliefs with respect to the growth in the demand for our products. Other risks and uncertainties that may affect our business include our ability to expand beyond the IBM System i market for MarkMagic and expand into the radio frequency identification ("RFID") market with EdgeMagic; our ability to penetrate the emerging and competitive market for bar code and RFID encoding software; our ability to introduce, produce, improve and market new and existing products, such as MarkMagic and EdgeMagic, and the market acceptance of these and other products; the impact of competitive products and pricing; and our timely development of new products and market acceptance of those products. Actual results may differ from those expressed or implied in our forward-looking statements. These statements represent beliefs and expectations only as of the date they were made. We may elect to update forward-looking statements, but we expressly disclaim any obligation to do so, even if our beliefs and expectations change. In addition to the statements described above, such forward-looking statements include the risks and uncertainties described more fully in our reports filed or to be filed with the Securities and Exchange Commission, including our annual reports on Form 10-K and quarterly reports on Form 10-Q.
SOURCE CYBRA Corporation