|By Marketwired .||
|June 20, 2014 09:00 AM EDT||
SAN DIEGO, CA--(Marketwired - June 20, 2014) - Neology, a wholly owned subsidiary of Smartrac N.V., and leader in Radio Frequency Identification (RFID) technology and related innovative solutions today announced that it has been awarded a multi-annual contract to provide passive RFID tags, readers, and software integration along the US and Mexico Border. The contract, now in its thirteenth year, will for the first time in addition to UHF incorporate NFC technology for real time user data verification through smartphones and NFC devices.
With more than 6 million border crossing transactions for foreign vehicles each year, every vehicle that enters or exits Mexico is issued a personalized permit from any of over 300 stations of issuance including seven Consulates in the United States. Neology's fully integrated EVR (Electronic Vehicle Registration) solution has enabled automation through real time on-line transactions for tax and regulation compliance. With each annual contract, Neology has supported, refined and expanded the system with the result that:
- Tax revenues have increased substantially.
- Number of illegal vehicles in Mexico has been reduced dramatically.
- Wait times have been reduced.
- Border security has been improved significantly.
About Neology, Inc.:
As an early player in UHF technology and holder of significant 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
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.
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