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

Grand Pacaraima Gold Corp. Protects Precious Jewels with RFID

Wednesday, December 26, 2007

London’s Grand Pacaraima Gold Corp. will begin using RFID tags specifically developed for use in jewelry retail stores to cut inventory management costs and enhances protection from theft.

According to news reports, the jeweler will begin manufacturing unique tags that will be attached to the jewelry items and will track the tagged items’ location in the store or warehouse. Store management will be alerted if the item was moved or was not returned to the shelf. Grand Pacaraima Gold has licensed the technology from an Israel-based group that has created the tags and technology.

“The tags will revolutionize the way the jewelry industry is managing the inventory and supply chain,” said A. Abduladjanov, Chairman of the Board, in a news release. “Because the technology gives you real time access to a detailed inventory count with information about which items are hot sellers, store management can adjust inventory levels or pre-order new inventory in a more efficient way.” [end] 

Gaming Partners International announced that it has received three orders to supply casino chips and plaques totaling just under $4.7 million.

The company will produce approximately 700,000 custom Bourgogne et Grasset (B&G) premium casino chips for Venetian Macau Limited’s Sands Macau and Sands Cotai properties. GPI will also produce over 80,000 B&G RFID plaques to Sociedade de Jogos de Macau, S.A. (SJM)’s Grand Lisboa property.

read more »

Another library joins the long list of those converting to RFID technology to developing a more efficient method of borrowing items - the Grand Rapids Public Library system.

read more »

UPM RFID announced the new UPM Web ultra-high frequency (UHF) and UPM Trap near field (NF) UHF inlays based on the Monza RFID chip from Impinj.

read more »

The cities of Cincinnati and Grand Rapids, Mich. have implemented an RFID-based recycling system from the duo of UPM RFID and Cascade Engineering. The two municipalities are using RFID technology to optimize waste management processes and to motivate citizen behavioral change with incentive-based recycling programs and pay-as-you-throw pricing.

read more »

Canadian company Blackbird International Corp. has announced its acquisition of Insight ID, a real-time authentication service that verifies a person through a Web browser and Internet connection.

read more »

A new study reveals the market for RFID transponders, readers, software and services will generate more than $70.5 billion from 2012 to the end of 2017.

read more »