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InfoLogix Expands Intellectual Property Assets with Acquisition of RFID Patent Portfolio Company
The patent portfolio — purchased from DDMS Holdings, LLC (DDMS) — consists of five issued U.S. patents and 10 pending patent applications. It allows coverage to be extended to applications in more than 30 countries including China and Japan, as well as countries located in Europe and North America. InfoLogix believes the portfolio bolsters key innovations that it has developed and solidifies its position in the hospital RFID marketplace as well as the global RFID marketplace, both of which are expected to grow exponentially over the coming years. "With this acquisition, InfoLogix is positioned to take on a larger share of the rapidly expanding RFID market," says David Gulian, President and CEO of InfoLogix. "We believe this portfolio is one of the best in the drug management category, and it strongly positions us to continue our commitment of providing IP based software and services to help hospitals reduce medical error and increase patient safety." InfoLogix plans to develop capabilities to allow doctors, patients, and pharmaceutical companies to track, trace, and monitor drug information down to the individual pill level throughout the supply chain with this acquisition. The patents cover technology that may place the RFID chip and antenna directly into the medication's container and can track the medication as well as sense various conditions inside and surrounding the container, including when a pill is removed and the container's exposure to heat, moisture, or light. A signal would then be sent to a mobile RFID device, enabling doctors and other healthcare providers to monitor the dispensation of medication and better ensure compliance with label instructions in clinical trials, hospitals, and patient self-dosing. InfoLogix completed the acquisition through a merger with DDMS and entered into a consulting agreement with the inventors to provide consulting services related to the commercialization and development of the patent portfolio acquired by InfoLogix. InfoLogix's rapidly growing portfolio of intellectual property now stands at 19 issued patents and 15 pending patent applications, primarily related to the wireless and mobile delivery of information. "This patent portfolio encompasses what we believe will become one of the most comprehensive in RFID based drug management systems," says Louis Heidelberger, Co-founder of DDMS. Craemer and Granville Premier RFID Enabled Pallet Solutions at Interphex
Craemer was one of the first to manufacture pallets equipped with RFID transponders," claims Alexander Korell, Craemer's Export Area Manager. "Based on our long-term experiences with RFID, Craemer has become a partner of the pharmaceutical and food industries for many years by developing pallet solutions that enhance safety within the supply chain and improve inventory and transport management. Our company supplies high quality pallets for international companies like GlaxoSmithKline and Wyeth Pharmaceuticals. Together with Granville, we are able to extend our business in the United States and Canada." Sheldon Myeroff, President of DRI, Appointed to AIM North America Membership Committee 2007Sheldon Myeroff, President and Founder of Direct Recruiters (DRI) Inc., a Human Capital Resource Firm specializing in AIDC, Data Collections, RFID & Mobile Wireless Enterprise, has been formally appointed to the AIM North America Membership Committee 2007. Mr. Myeroff's appointment came shortly after the 2007 AIM Global Showcase and Forum held in Tampa, Florida, late February 2007. According to Mr. Myeroff: "I am excited about this new endeavor since I have been an active member of AIM for many years and believe the Association is a leading force driving the use of AIDC technologies and services across the country and globe. I look forward to working closely with the AIM Board and current members, and actively seeking new members." For more information regarding an AIM Membership, contact Shel Myeroff at 440-248-3370 x103 / shel@directrecruiters.com. To learn about AIM, visit its website at www.aimglobal.org. Awards All AroundIDENTEC Solutions (www.identecsolutions.com) has been awarded one of the Red Herring Europe 100 Awards, presented at the Venture Market Europe conference in Cannes, France. IDENTEC provides its customers with wireless solutions equipped with patented technology, allowing companies to read information at long distances with a sophisticated tag and reader system. It was selected for providing innovative, leading-edge solutions to its customers and was the only RFID company honored in this year's selection. The Red Herring editorial board surveyed the entrepreneurial landscape throughout Europe, the Middle East, and Africa, and identified 100 leading innovative companies. Nominees were evaluated on business models, profitability forecasts, management, technological advancement, and ability to make a lasting impact in the marketplace and throughout the industries. Reva Systems (www.revasystems.com) also recently took home an award. Its flagship Tag Acquisition Processor™ (TAP) product was voted "2007 Product of the Year" by the Massachusetts Network Communications Council (www.massnetcomms.org). This award is decided through annual peer voting. Like the Red Herring 100 Awards, this award recognizes companies that combine innovation with leading-edge technology to deliver real performance advantages to the customer. The TAP delivers this promise by managing readers in real time to provide accurate, actionable RFID tag data via standardized interfaces, resulting in a dependable, scalable RFID network with low cost implementation and management.
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