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San Diego, CA, October 14, 2013

Neology was selected as "the most appropriate technology provider for the ETC implementation" of India's Rajiv Gandhi Sea Link by MEP Infrastructure Developers Private Limited and partner Infrovate Consulting and Solutions Pvt Ltd.  

The Rajiv Gandhi Sea Link, also known as the Bandra Worli Sea Link, is one of the first Electronic Toll Collection projects in the pipeline for the nationwide ETC program envisioned by the Government. 

"The big task for MEP was to identify the most appropriate technology provider for the ETC implementation. Says Sainath Gurav, Chief Information Officer, MEP, 'We had to make a critical decision during the selection of the RFID Reader, Antenna and Tags. We ran numerous tests during this stage, and were impressed with Neology tags and readers which functioned exceedingly well during adverse testing conditions over a four months testing period. Within nine months of launch (August 1, 2012), the ETC lanes are now handling a traffic volume of 2000 vehicles every day.'" 

 Neology RGSL Tag in TrafficInfraTech

To read more about the success of the ETC implementation of the Rajiv Gandhi Sea Link visit: TrafficInfraTech Magazine August-September '13 
Source: TrafficInfraTech Magazine August-September '13

 

Neology and 3M Resolve Patent Litigation

Amsterdam, The Netherlands / St. Paul, MN, USA / San Diego, CA, USA, June 27, 2013


SMARTRAC N.V. (FSE: SM7) and 3M Company today announced an agreement between SMARTRAC N.V., its subsidiary Neology, Inc., and 3M Company. The agreement resolves patent infringement litigation Neology initiated against 3M and Federal Signal Corporation relating to businesses purchased by 3M from Federal Signal Corporation in September 2012. The agreement gives Neology, SMARTRAC and 3M access to each other’s RFID products in the transportation market – Neology will have access to 3M’s multi-protocol readers and 3M to SMARTRAC’s and Neology’s tags and technology in the transportation market. This positions the companies as suppliers of 6C RFID technology to the industry. The agreement also includes a confidential financial arrangement.

Given the superior communication protocol and open platform of the 6C RFID technology, the 
companies will provide their customers the path to interoperability via the ISO 18000 6C standard.

Francisco Martinez de Velasco, Chief Executive Officer of Neology, stated: “We are very pleased and excited about the agreement. Our patented cutting edge technologies allow us to manufacture superior products and provide excellent integration services tailored to our customers’ needs. We are confident we will become a valuable supplier to 3M and its subsidiaries and look forward to advancing the 6C standard.”

Dan McGurran, Business Director, 3M Motor Vehicle Systems and Services, said “3M is pleased to have reached an agreement that will allow both companies to solve the transportation market’s pressing need for interoperability via the ISO 18000 6C technology. This will improve the efficiency of tolling and enhance the motorist experience.”

Christian Uhl, CFO of SMARTRAC, further noted, “We believe that our companies will mutually benefit from this agreement and we are delighted that we have been able to identify new opportunities to pursue together. We look forward to continue and intensify the collaboration and relationship between SMARTRAC and 3M.”


About Neology, Inc.:
As an early player in UHF technology and holder of important Intellectual Property in the industry, Neology is a leading provider of integrated solutions for the tolling, electronic vehicle registration (EVR) and public safety markets. For more information visit www.neology-rfid.com

About SMARTRAC:

SMARTRAC® is a leading developer, manufacturer, and supplier of RFID and NFC transponders and inlays and owns a vast RFID patent portfolio. The company produces both ready-made and customized transponders and inlays used in access control, animal identification, automated fare collection, border control, RFID-based car immobilizers, contactless payment cards, electronic product identification, industry, libraries and media management, laundry, logistics, mobile and smart media, public transport, retail, and many more.

SMARTRAC was founded in 2000, went public in July 2006, and trades as a stock corporation under Dutch law with its registered headquarters in Amsterdam. The company currently employs approximately 3,600 employees and maintains a global research and development, production, and sales network.

Forward-Looking Statements:
All forward-looking statements contained in this press release are based on assumptions, planning, and forecasts at the time of publication of this press release. Forward-looking statements always involve uncertainties. Business and economic risks and developments, the conduct of competitors, political decisions, and other factors may cause the actual results to be materially different from the assumptions, planning, and forecasts at the time of publication of this press release. Therefore, SMARTRAC N.V. does not assume any responsibility relating to forward-looking statements contained in this press release. Furthermore, SMARTRAC N.V. does not assume any obligation to update the forward-looking statements contained in this press release.

About 3M:
3M captures the spark of new ideas and transforms them into thousands of ingenious products. Our culture of creative collaboration inspires a never-ending stream of powerful technologies that make life better. 3M is the innovation company that never stops inventing. With $30 billion in sales, 3M employs 88,000 people worldwide and has operations in more than 70 countries.For more information, visit www.3M.com or follow @3MNews on Twitter.

Forward-Looking Statements
This news release contains forward-looking information about 3M's financial results and estimates and business prospects that involve substantial risks and uncertainties. You can identify these statements by the use of words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "will," "target," "forecast" and other words and terms of similar meaning in connection with any discussion of future operating or financial performance or business plans or prospects. Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic and capital markets conditions and other factors beyond the Company's control, including natural and other disasters affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; and (10) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10-K for the year ended December 31, 2012 and its subsequent quarterly reports on Form 10-Q (the “Reports”). Changes in such assumptions or factors could produce significantly different results. A further description of these factors is located in the Reports under "Cautionary Note Concerning Factors That May Affect Future Results" and "Risk Factors" in Part I, Items 1 and 1A (Annual Report) and in Part I, Item 2 and Part II, Item 1A (Quarterly Report). The information contained in this news release is as of the date indicated. The Company assumes no obligation to update any forward-looking statements contained in this news release as a result of new information or future events or developments.


Neology and the Neology logo are trademarks Neology, Inc. Copyright 2011 Neology, Inc. All rights reserved.

Contact Information
Mark McFarlin
Neology Inc.
Vice President, Sales & Marketing
Phone: 858-391-0260 x126
 

Tanja Moehler
SMARTRAC and Neology
Head of Corporate Communications & Marketing
SMARTRAC N.V.
Phone: +31 20 30 50 157
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Internet: www.smartrac-group.com

Donna Fleming Runyon
3M
Phone: 651-736-7646
 


Neology Introduces Flexible Dual Frequency Electronic Toll Tags

San Diego, CA, June 24, 2013

Neology, a leader in secure high-value Radio Frequency Identification solutions, compliments recently announced dual technology hard case tags with NFC enabled Electronic Toll Sticker tags. The flexible, windshield mounted sticker tags include the same functional characteristics as the hard case tags, but offer the advantages of Neology’s patented visual security features. The sticker tags are non-transferable and have a holographic security element incorporated.

Neology NFC RFID Tag copy

The dual frequency transponders can identify themselves to a smartphone. The smartphone can be linked to an e-wallet or other funding account so that in a matter of seconds, a user can pay his toll and continue on his trip without further delay and without ever leaving his vehicle.

The reloading process is performed in seconds. Tapping a smartphone to an NFC/UHF RFID dual-frequency transponder will automatically open a corresponding application on the phone and read all relevant information from the transponder. There is no need to type any information except the amount to reload, credit card or other account to be used for this transaction and the security PIN code assigned to the e-wallet when it was created.

NFC technology is based on 13.56 MHz frequency using the ISO/IEC 14443 standard for contactless transactions, reader-to-reader or reader-to-tag processes.

NFC smartphones have an embedded NFC reader secure module (secure element) capable of communicating with other NFC phones, NFC-enabled points of sale (POS) and NFC transponders. By holding the phone as close as 10 cm to another NFC device, the phone will detect and respond automatically to establish a link with the other device without ever having to search for and open an application. All these steps are performed instantaneously and relevant data is retrieved, simplifying the process to such an extent that any user without special knowledge can complete a transaction in seconds.

View full article here: Traffic Technology International April/May 2013
Excerpts reproduced with permission by Traffic Technology International

 

Neology Adds NFC to UHF RFID Transponders

San Diego, CA, May 13, 2013

Neology, a leader in secure high-value Radio Frequency Identification solutions, has added NFC to ultra-high frequency (UHF) transponders to create dual frequency transponders that can identify themselves to a smartphone. The smartphone can be linked to an e-wallet or other funding account so that in a matter of seconds, a user can pay his toll and continue on his trip without further delay and without ever leaving his vehicle.

The reloading process is performed in seconds. Tapping a smartphone to an NFC/UHF RFID dual-frequency transponder will automatically open a corresponding application on the phone and read all relevant information from the transponder. There is no need to type any information except the amount to reload, credit card or other account to be used for this transaction and the security PIN code assigned to the e-wallet when it was created.

NFC technology is based on 13.56MHz frequency using the ISO/IEC 14443 standard for contactless transactions, reader-to-reader or reader-to-tag processes.

NFC smartphones have an embedded NFC reader secure module (secure element) capable of communicating with other NFC phones, NFC-enabled POS and NFC transponders. By holding the phone as close as 10cm to another NFC device, the phone will detect and respond automatically to establish a link with the other device without ever having to search for and open an application. All these steps are performed instantaneously and relevant data is retrieved, simplifying the process to such an extent that any user without special knowledge can complete a transaction in seconds.

View full article here: Traffic Technology International April/May 2013
Reproduced with kind permission by Traffic Technology International

Neology Adds NFC to UHF RFID Tags

 

Neology Will Pursue Summary Judgment on Infringement Against Federal Signal

San Diego, CA, August 3, 2012

Neology to Move for Summary Judgment on Infringement after District Court Judge Stark of the Federal District Court in Delaware has entered his order in Neology's ongoing litigation against Federal Signal Corporation, adopting in its entirety Magistrate Judge Thynge's Report and Recommendation with respect to Neology's motion for preliminary injunction.

While Magistrate Judge Thynge recommended denial of Neology's request for an expedited injunction, Judge Thynge found that Neology demonstrated a likelihood of success on the merits, "with regard to claim 1 of the 7,081,819 patent, because [Federal Signal] failed to raise a substantial question concerning either infringement or validity."

Federal Signal presented its strongest arguments on preliminary claim construction including presenting extensive expert testimony. Ultimately, Magistrate Judge Thynge agreed with Neology's proposed construction for claim 1 of the 7,081,819 patent. Federal Signal conceded at the hearing that this proposed construction establishes its infringement of the '819 patent.

Neology intends to move for summary judgment of infringement in conjunction with the upcoming final claim construction for the 6 related patents in suit and over 30 potential claims already scheduled for January-March of 2013Neology now seeks a quick determination of Federal Signal infringement.

The California law suit with 4 additional patents and over 20 potential claims is Neology's commitment to ultimately stop Federal Signal and any allied third party from all infringing activities of making, selling, importing, exporting, using, making or selling products, systems and subsystems and to recover substantial and material damages suffered from FS' infringement of Neology intellectual property.

 

Federal Signal “DID NOT OBJECT” and Admitted that Patents are Valid and Infringed, announces Neology

San Diego, CA, July 30, 2012

On June 25, 2012, Neology, Inc. announced that U.S. Magistrate Judge Mary Pat Thynge of the Federal District Court in Delaware had issued a Report and Recommendation (“Report”) with respect to Neology's request for a preliminary injunction in connection with Neology’s patent infringement case versus Federal Signal Corporation, et al. (“FS”) in which Judge Thynge recommended that Neology's patents be found valid and infringed by FS.

The time to object to this recommendation has now passed and FS did not object to the finding of validity and infringement. FS also admitted that based on Judge Thynge's claim construction that patents are valid and infringed.  This should allow Neology to move for a quick resolution on these issues. Neology will now move forward to seek a permanent injunction against FS’ infringing products and to recover substantial and material damages suffered from FS’ infringement of Neology intellectual property.

 

Neology vs. Federal Signal - Likelihood of Success on Merits but No Preliminary Injunction

San Diego, June 25, 2012

Neology announced that Magistrate Judge Mary Pat Thynge of U.S. District Court of Delaware issued a Report and Recommendation ("Report") with respect to Neology's request for a preliminary injunction in connection with Neology's case asserting patent infringement by Federal Signal Corporation, et al ("FS"). Neology contends that ten FS products infringe one or more of more than 30 claims related to six Neology U.S. patents. Judge Thynge did not grant a sought-for preliminary injunction immediately prohibiting the sale of products employing the disputed technology; however, the Report did support Neology's assertions in the litigation that its patents were both valid and infringed by FS. The Report stated that "Neology has demonstrated a likelihood of success on the merits," due to FS' failure "to raise a substantial question concerning either infringement or validity."

Francisco Martinez, Neology's Chief Executive Officer, noted, "We understood the difficulties in our motion due to the high legal standard for obtaining a preliminary injunction. However, we are extremely pleased that the Judge's Report commented favorably vis-a-vis our central assertion that FS' 6C tags, readers and systems infringe our patents. We continue to maintain that our patent portfolio is fundamental to our competitive position and we will do whatever is necessary to protect our valuable intellectual property. With Judge Thynge's findings, we feel more confident than ever that we will prevail at trial with respect to the central issues in this case.We seek both to obtain a permanent injunction against FS' infringing products and to recover substantial and material damages we have suffered from FS' infringement of Neology intellectual property."

Mr. Martinez further noted that the matters under consideration in the motion for preliminary injunction covered only three of the six patents and 30+ related claims currently under litigation. "Since filing the motion for preliminary injunction we have launched another suit in connection with more patents and claims that we believe are as strong as the ones favorably commented on in the Judge's report. We are considering additional claims for other Neology technology patents in the U.S. that we believe have been infringed. We also plan to seek similar remedies in international court venues like Mexico, Europe and Taiwan, where we have similar patents granted. We believe customers for the technologies in question should be fully aware of this dispute."

 

Neology Files Another Round of Patents Against Federal Signal Corporation

San Diego, CA, May 21, 2012

Neology has filed a second lawsuit against Federal Signal and related companies for patent infringement. This follows the filing by Neology in Delaware of a patent infringement case against Federal Signal alleging infringement of 6 U.S. patents. In the Delaware case, Neology also moved for a preliminary injunction based on 3 of the 6 patents in the suit. In the latest lawsuit, Neology is asserting infringement of 2 more U.S. patents. Neology has a portfolio of 140 patents and its parent company has well over 370 patents worldwide. Neology continues to review its U.S. and foreign patents, including in such jurisdictions as Mexico, Taiwan, and Europe, and is prepared to assert more patents as appropriate. Neology has invested significantly in what it believes is one of the leading RFID patent portfolios in the world and will continue to take whatever actions are necessary to defend its intellectual property.

The latest lawsuit demands that Federal Signal immediately and permanently stop directly or indirectly making, using, selling or offering for sale, importing or exporting, all infringing products.

 

Neology Appoints New V.P. of U.S. Sales & Marketing

San Diego, CA, December 10, 2011

Neology, a leader in secure high-value Radio Frequency Identification (RFID) solutions, today announced Mark McFarlin as Vice President of U.S. Sales & Marketing. An executive with more than 20 years of experience in information systems and technology, and an extensive background of large scale system integration programs, will help to accelerate Neology’s growth in the North American market with the launch of WatchPro, Neology’s new platform for system integration. Mr. McFarlin will be responsible for leading Neology’s sales efforts and increasing Neology’s U.S. market share. He will also work closely with the Neology’s management team to help position the company for maximum exposure and growth. 

 “Mark is a welcome addition to the team,” said Joe Mullis, General Manager. “He exemplifies the caliber of executives that Neology is able to attract. And under his leadership, we’ll continue to expand our presence, our market share, and our influence on the industry.”

 Mark McFarlin said that "With the release of WatchPro we will continue to deliver record-breaking performance in RFID technology and extend our leadership in AVI solutions.”

 Prior to joining Neology, McFarlin occupied managerial positions at companies including Unisys Corporation, a worldwide information technology company, Orion Scientific Systems, Inc., a multidisciplinary research, analysis, consulting and software development firm, and served as a Paramilitary Operations Officer for the Central Intelligence Agency. In these positions, McFarlin demonstrated his strengths in formulating solutions and project execution.

 

SMARTRAC to become majority owner of Neology Inc.

Amsterdam and San Diego, California, December 8, 2011

SMARTRAC N.V., a leading developer, manufacturer, and supplier of RFID transponders, announced that the company today signed an agreement regarding the acquisition of Neology, Inc.. Under the terms of the agreement, SMARTRAC will acquire Neology for US $ 30.0 million, on a cash and debt free basis. In addition, the parties have agreed on an earn-out component of up to US $ 9.0 million based on results of operations for the years 2011 and 2012. Tenedora de Empresas S.A. de C.V. (Tenedora), the current majority shareholder in Neology, Inc., will retain a 15 percent stake in Neology and has agreed to re-invest any earn-out payments it may receive into the combined company. The acquisition is subject to customary closing conditions and is expected to close by the end of the year.

Neology, Inc., a Delaware Corporation, is a leader in secure customized high-value RFID transponders and solutions. The company is headquartered in San Diego, California, with offices in Mexico City and employs more than 150 people.

With the acquisition of Neology, SMARTRAC expects to benefit from the access to the attractive and growing electronic vehicle registration and electronic toll collection market in the Americas. The long-term expertise of Neology in the ultra-high frequency (UHF) RFID business and the comprehensive intellectual property (IP) are anticipated to contribute to strengthening SMARTRAC’s technology base.

“With this transaction, we will significantly expand our reach in the Americas,” said Dr. Christian Fischer, CEO of SMARTRAC. “Combining our strong capabilities with the most successful technology platform for electronic vehicle registration and electronic toll collection will create a wealth of market-leading solutions for Neology and SMARTRAC customers.”

SMARTRAC maintains production facilities in Chanhassen, Minnesota, USA, and Manaus, Brazil.  Both SMARTRAC and Neology will benefit from synergies across product portfolios and markets.  Under the new ownership, Neology and the totality of its 150 employees will continue its business activities in San Diego and Mexico City. SMARTRAC said that Neology’s product roadmap, intellectual property strategy and research & development organization will remain intact, with the opportunity to create additional value for customers of both organizations by the use of rosscollaboration.

“The transaction opens excellent new possibilities for both companies. Combining our strong intellectual property and UHF competency with SMARTRAC’s market leading position in the RFID industry will drive a new wave of innovation for customers around the world,” said Francisco Martínez De Velasco, CEO of Neology Inc.

About Neology:
As an early player in UHF technology and a holder of some of the most important Intellectual Property in the industry, Neology is the leading provider of integrated solutions for the tolling, electronic vehicle registration (EVR) and public safety markets. Neology is the exclusive provider for the Mexico Repuve program, an ambitious program to tag every vehicle in Mexico with an RFID tag to enhance security and combat fraud. For more information visit www.neology-rfid.com

About SMARTRAC:
SMARTRAC is a leading developer, manufacturer, and supplier of RFID components for a broad range of applications in all current frequency standards. The company produces both readymade and customized transponders for public transport, access control, RFID-based car immobilizers, animal identification, libraries, industry, and logistics.

SMARTRAC is the global market leader in high-quality RFID inlays for electronic passports (epassports) and contactless credit cards (e-payment) as well as for RFID transponders for public transportation applications. SMARTRAC was founded in 2000, went public in July 2006, and trades as a stock corporation under Dutch law with its registered headquarters in Amsterdam. The company currently employs some 3,300 employees and maintains a global research and development, production, and sales network. For more information visit www.smartrac-group.com

If you have any questions, please contact:
Tanja Moehler
Head of Corporate Communications
SMARTRAC N.V.
Phone: +31 20 30 50 157
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Internet: www.smartrac-group.com

  

Neology Files for Preliminary Injuction in Lawsuit against Federal Signal and Sirit

San Diego, CA, December 5, 2011

Neology has filed a motion for preliminary injunction against Federal Signal, Federal Signal Technologies, Sirit and related companies to immediately stop directly or indirectly making, using, selling or offering for sale, importing or exporting, all infringing RFID tags, readers, and systems or sub-systems.

Neology’s request for preliminary injunction follows the lawsuit filed on July 29, 2011, in the United States Federal District Court of Delaware. Neology is requesting that the district court quickly intervene to stop Federal Signal’s continued infringement of Neology’s patents.

As a technology leader, Neology’s strength in intellectual property and focus on security, increased performance, and innovative products has positioned the company as the best source for passive RFID products and EVR systems in North America. For more information, visit www.neology-rfid.com.

 

Neology Awarded Large Mexico State Contract

State Award First of Its Kind

San Diego, CA, August 5, 2011

Neology, a leader in secure high-value Radio Frequency Identification (RFID) solutions today announced that it has been awarded a substantial contract for the deployment and operation of a turn-key solution that involves the registration and regulatory compliance for over one million vehicles in Mexico. The contract with a key Mexico state is related to the national EVR program known as Repuve and other regulatory requirements, which will greatly enhance vehicle related security.

“Neology is pleased to have been chosen by the state agency to help the state comply with the new EVR requirements stemming from the landmark Repuve program” said Eric Redman, VP Sales & Marketing of Neology. The company had previously been selected as the exclusive tag supplier for Repuve, and this multimillion dollar award “clearly indicates our superior software and solution capability in addition to our best-in-class tag product” concluded Redman.

 

Neology Announces Innovative Selectable Transponder

San Diego, CA, July 28, 2011

New Generation Transponder Offers Unique Benefits

Neology, leader in customized high value Radio Frequency Identification (RFID) solutions today announced that a new generation of selectable transponders for tolling is now available. This patent-pending transponder enables multi-mode operation as well as multi-protocol in a single compact unit with minimal moving parts. No battery is required nor supplied, eliminating any maintenance concerns.

“This revolutionary product is useful in a wide variety of tolling and AVI applications” said Joe Mullis, General Manger of Neology. “From self-declaration of carpool status for HOT lane use to user-selectable tag protocols, this product can accommodate multiple usage modes. As no battery is required, the product is designed for a 10-year life cycle in the field” concluded Mullis. Also noteworthy is the pleasing design and ergonomic features that increase customer acceptance and enhance agency branding.

Neology’s focus in secure products with increased performance and innovation has positioned the company as the largest and best source for passive RFID products and EVR systems in North America. For more information, visit www.neology-rfid.com.

  

Neology Sues Federal Signal and Sirit Over Patent Infringement

San Diego, CA, July 29, 2011

Suit Claims Infringement on Six Key Neology Patents

Neology, a pioneer of passive RFID technology today announced it has filed a lawsuit in U.S. District Court against Federal Signal and Sirit, a unit of Federal Signal Technologies Group, for patent infringement of multiple claims in six Neology patents.

The lawsuit demands that Federal Signal and related companies immediately and permanently stop directly or indirectly making, using, selling or offering for sale, importing or exporting, all infringing RFID tags, readers, and systems or sub-systems. In addition, the suit demands that Neology be fully compensated for all damages attributable to past infringement.

As a technology leader, Neology’s strength in intellectual property and focus on security, increased performance, and innovative products has positioned the company as the largest and best source for passive RFID products and EVR systems in North America. For more information, visit www.neology-rfid.com.

 

Neology Supplies Secure Tag for Utah Drivers

Clean Fuel Vehicles Identified by New, Non-transferable Decal

San Diego, CA, July 6, 2011

Neology, a leader in customized high value Radio Frequency Identification (RFID) solutions and related innovative technology today announced that a new generation RFID window sticker is available to identify clean fuel vehicles using Utah express lanes. The new decal contains a number of security features both visual and electronic to positively indentify approved clean fuel vehicles. “We are pleased to work together with UDOT to provide this innovative tag” said Eric Redman, Vice President of Sales & Marketing for Neology. “This product marks the first use of non-transferable technology in a tolling tag using ISO 18000-6C technology in the U.S.” In addition, the tag contains a unique holographic antenna and other sophisticated elements which have never previously been used in a tolling or HOT lane application.

  

Neology Wins Multimillion Dollar Contract Extension

San Diego, CA, June 27, 2011

Neology, a leader in secure customized high-value Radio Frequency Identification (RFID) solutions today announced it has been awarded an extension to the largest Electronic Vehicle Registration (EVR) contract to date. The Repuve contract, expected to total over $40 million, had been previously awarded to Neology in late 2008. Due to the overwhelming success of the program the contract has now been extended for an additional year. This project for national vehicle registration in Mexico is the largest of its kind in the world and highlights the growing trend toward EVR for security, compliance, and transportation efficiency. “This significant contract award highlights the depth and experience Neology brings in the EVR market” said Francisco Martinez, President and CEO of Neology. “With this extension, Neology furthers its leadership in the EVR space and this award continues to validate our solution as the best on the market. We look forward to additional deliveries of our best-in-class product and solutions portfolio to the Mexican government.”

About Neology

As an early player in UHF technology and a holder of some of the most important Intellectual Property in the industry, Neology is the leading provider of integrated solutions for the tolling, electronic vehicle registration (EVR) and public safety markets. Neology is the exclusive provider for the Mexico Repuve program, an ambitious program to tag every vehicle in Mexico with an RFID tag to enhance security and combat fraud.

 For more information visit www.neology-rfid.com.
Neology and the Neology logo are trademarks Neology, Inc. Copyright 2011 Neology, Inc. All rights reserved.

Press Release and Media Contact:
Mark McFarlin, Vice President, Sales & Marketing
Phone: 858-391-0260 x126
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.neology-rfid.com

 

mexico

Secure Vehicle Reg. Sticker

Neology was the first in the world to develop a highly secure holographic printed label for vehicle use.  Using advanced materials and manufacturing methods, Neology products offer high performance and security.  Government agencies rely on our unique patented technology to increase compliance and combat fraud.

TOLLING/EVR

Tolling RFID

As the technology provider of national Electronic Vehicle Registration programs, Neology is at the forefront of RFID technology, reducing costs and increasing security and tax compliance.

Read More...

RFID TECHNOLOGIES

RFID Technologies

With over 67 patents, Neology’s solutions solve our customer’s challenges in unique and cost-effective ways.

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APPLICATIONS

call3

Read more about Neology’s unique solutions and the benefits they bring to customers worldwide.

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