Metrologic Instruments, Inc. (Nasdaq: MTLG) today announced they have signed an agreement with MaxID to sell certain of MaxID's EPC-Compliant Radio-Frequency Identification (RFID) Products in North America under the Metrologic brand name.
"We are very excited about our relationship with MaxID," said Andrew D'Amelio, Metrologic's Senior Director, Industrial Products and Systems. Mr. D'Amelio added, "RFID technology continues to gain prominence in the supply chain and transportation/logistics markets. Adding RFID technology into the Industrial Products and Systems Group enables us to serve customers in these key Industrial markets and, at the same time, help redefine our Industrial Business model. MaxID's EPC Global certification and their targeted innovative products combined with Metrologic's RapidStart Program License from Intermec and its strong Channel partner network lays the framework for a very successful relationship. Initially we will focus on North America, but we hope to expand this relationship to other geographic areas over time."
Gerhard Mynhardt, MaxID's Managing Director and Chief Technology Officer, added, "Metrologic shares our key values of innovation, responsiveness and customer service. Their reputation for being easy to do business with, as well as the strength of their North American Channel partners, made the decision to pursue this vital relationship an easy one."
About MaxID
MaxID, based in the United Kingdom, has the exclusive international distribution rights for a broad range of products from the South African based company, Sygade Solutions (Pty.) Ltd.
Sygade is an established technology company that currently markets, develops and outsource-manufactures rugged mobile-computing, financial transaction and RFID products. By leveraging its advanced research and development team, significant RFID intellectual property as well as its existing customer base, MaxID is fast becoming a key player in the nascent RFID hardware market. For more information, visit http://www.maxidgroup.com.
About Metrologic
Metrologic Instruments, Inc. ("Metrologic") is a global supplier of choice for data capture and collection hardware, optical solutions, and image processing software. Metrologic has been delivering innovative, quality products that are cost effective, reliable and supported by the highest level of personal service for nearly 40 years. Metrologic products are sold worldwide through Metrologic's sales, service and distribution offices located in The Americas, EMEA and Asia/Pacific. Metrologic provides its customers not only with a great deal, but a great deal more. For more information please call 1-800-667-8400 or visit http://www.metrologic.com.
Forward-Looking Statement
Forward-looking statements contained in this release are highly dependent upon a variety of important factors which could cause actual results to differ materially from those reflected in such forward-looking statements. Specifically, the factors that could cause actual results to differ from expectations include: the timing, introduction and market acceptance of Metrologic's new products; pricing pressures; sales cycles of new products; competitive factors including intellectual property issues; technological changes in the scanner industry and the availability of intellectual property protection for Metrologic's new products. When used in this release and documents referenced, the words "believes," "expects," "may," "should," "seeks," or "anticipates," and similar expressions as they relate to Metrologic or its management are intended to identify such forward-looking statements. For additional factors, please see Metrologic's reports filed with the Securities and Exchange Commission.