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Microcap & Penny Stocks : SMY - SAMSys Technologies Inc

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To: Montana Wildhack who wrote (224)11/5/2003 2:08:54 PM
From: Montana Wildhack  Read Replies (1) of 342
 
SAMSys Technologies and SATO America Get Fit to Print

SAMSys RFID readers integrated into SATO America's UHF Enabled Printers

TORONTO, Nov. 5 /CNW/ - SAMSys Technologies Inc. (SMY:TSX-VEN)
("SAMSys"), an international provider of radio frequency identification (RFID)
hardware solutions, today announced that it has formed a partnership with SATO
America, a leader in barcode printing, to manufacture RFID readers for the
company's RFID-enabled printers.
SAMSys will manufacture RFID readers for SATO RFID-enabled printers that
will offer users a convenient way to produce labels and tags. Using ultra-high
frequency (UHF) chips embedded in the labels, the custom SAMSys module enables
SATO printers to print the label and program the chip inside the label
simultaneously. These RFID enabled "smart labels" can be read even if the
label is not in the line of site of the reader, allowing reading operations to
be done automatically, reducing labor costs and improving accuracy.
Additionally, the information encoded onto many smart labels can be changed
during its lifetime, eliminating the need to remove and re-label items. The
SATO printers with RFID capability are designed for many applications,
including anti-theft, asset tracking, supply chain logistics, baggage tags,
and factory automation.
"With the development of our UHF-enabled pressure sensitive label
printers it was integral that we source a RFID reader provider that is
standards compliant with an excellent track record," says Bob Karr, Vice
President of SATO America. "Having flexible, best-of-breed RFID technology
available to complement our printers is essential to our business growth."
SAMSys' comprehensive line of RFID readers spans low frequency, high
frequency and UHF, support a broad range of protocols and standards, and
enables implementation without the fear of near term obsolescence. For almost
10 years SAMSys has played an active role in RFID industry and has
consistently advocated an RFID adoption strategy based upon the optimization
of functionality, multi-protocol reader architectures, and ease of reader
interrogation. SAMSys also provides consulting services that focus on the
front-end of the RFID implementation process.
"It has become abundantly clear that the integration of RFID technology
into material management systems for the supply chain is reaching widespread
acceptance," says Cliff Horwitz, Chairman and Chief Executive Officer of
SAMSys. "With the recent announcements made by Wal-Mart and other retailers,
CPG suppliers are rapidly going to need smart label printers which are
designed to protect them from early obsolescence due to changes in RFID
standards and innovation. We are looking forward to working with SATO on this
project and are confident that this initiative will only further the more
rapid adoption of RFID in the supply chain."
SAMSys offers a selection of reader solutions including standard
frequency-specific modules, custom-made application specific reader systems,
and OEM modules to provide tailored solutions for a wide variety of supply
chain management, logistics management, and tracking and fulfillment
applications. In addition to providing reader solutions, SAMSys offers
consulting services that focus on the front-end of the RFID implementation
process.
About SAMSys Technologies Inc.
SAMSys Technologies Inc. (SAMSys), founded in 1995, is a world-leading
provider of radio frequency identification (RFID) hardware solutions and RFID
integration consulting services designed to evaluate and recommend optimal
RFID solutions to enhance existing business process. SAMSys offers a family of
products to simplify the installation and ensure the ongoing performance of
the overall RFID hardware infrastructure. SAMSys is a public company whose
shares are listed for trading on the TSX Venture Exchange under the symbol:
"SMY". The Company has a total of 30.3 million shares outstanding. Visit
SAMSys at: www.samsys.com and www.investorfile.com.
About SATO
SATO America offers innovative printing products that are convenient,
reliable, cost-effective and easy to use, enabling users to recognize new ways
to track their products and assets. SATO America, Inc. has been manufacturing
industrial barcode printers for over two decades, delivering rugged
dependability and reliable performance. The complete SATO product line
includes direct thermal and thermal transfer printers, OEM print engines,
printer accessories, label design software, labels and thermal transfer
ribbons. SATO is a public listed company in Japan and has worldwide offices in
United States, Germany, United Kingdom, Poland, Belgium, Singapore, Malaysia,
Thailand and China. SATO reported revenues of US$445 million in 2002. SATO
stock is traded on first section of Tokyo Stock Exchange. More information can
be found at www.satoamerica.com
This news release may contain forward-looking information. Actual future
results may differ materially from those contemplated. The risks,
uncertainties and other factors that could influence actual results are
described in documents filed with regulatory authorities.
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