Identity, Security, Payments, Biometrics, Smart Cards and Authentication News

Intermec and METRO: What's The Verdict?

Tuesday, July 3, 2007

At the end of june, Everett, Wash.-based Intermec announced the deployment of its products as part of the major RFID deployment ramp-up by German retailer METRO Group

The verdict? Mostly a good one, according to a news story published earlier by RFID Update, based on an analysis of an investment firm’s report on the collaboration.

Investment advisory firm Raymond James & Associates has published a report on these developments and how they might affect the company in the near and medium term, according to RFID Update. The news outlet also surmises:

Overall, the news is clearly good for Intermec; the question is how good. Raymond James quantifies the revenue potential for the starter pack opportunity in the millions. If Intermec is able to sell a single starter pack to 85% of the approximately 650 METRO suppliers affected by the RFID ramp-up, the company could see five to ten million dollars in new revenue in the near term. Raymond James expects that orders could start coming in this calendar year. [end] 

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Beginning early next year, shoppers at Metro, Metro Plus, Super C and Food Basics will be able to pay for items with a tap of a contactless Visa credit or debit card against a reader at the point of sale.

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NXP Semiconductors announced that its MIFARE DESFire EV1 platform has been selected to manage the automated fare collection of the newly opened metro in the Indian city of Bengaluru, formally known as Bangalore.

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Findings from an IMARC Group study reveal that the demand of smart cards in the automatic fare collection system in India is expected to grow exponentially in the next five years.

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