Message #32 From:
NewsBot Date: November 10, 2007 08:54:39 AM
Advanced ID Receives 3rd Annual Contract From Goodyear Tire for NASCAR RFID Tire Tags for 2008 Season
Advanced ID Corporation (OTCBB: AIDO), a
leading developer of radio frequency identification ("RFID") technology for
livestock tracking, pet recovery and supply chain applications focusing on
the tire management industry, today announced that it has received its 3rd
Purchase Order from The Goodyear Tire & Rubber Company to provide the RFID
tags embedded in all the racing tires used in the 2008 NASCAR season. The
racing season includes the NEXTEL Cup, Busch Series and Craftsman Truck
series races.
Providing the potential for extraordinary visibility of the benefits of
Advanced ID's tire tags, NASCAR is the #1 spectator sport, holds 17 of the
top 20 attended sporting events in the U.S., rates as the #2 rated
regular-season sport on television with broadcasts in over 150 countries,
and boasts 75 million fans.
Advanced ID has worked with Goodyear for over two years to develop an RFID
tag that meets the challenging requirements of NASCAR racing and the
Goodyear Racing Eagle and Wrangler tires used throughout the 2006 and 2007
NASCAR seasons which have had embedded Advanced ID tire tags.
Commenting on the continued market acceptance of RFID tire tags, Dan Finch,
President and CEO of Advanced ID, said: "We are pleased that Goodyear has
chosen Advanced ID to supply their NASCAR RFID tire tags for the third
consecutive year. Our manufacturing partner, the Hana Microelectronics
Group, and Advanced ID are committed to supporting the Goodyear NASCAR
requirements in serving the tire manufacturing industry as RFID tire tags
are deployed throughout the world. Goodyear has been very supportive in the
development of the tire tag. This order is instrumental in the overall goal
we announced to become the world leader in the tire tag industry.
"In addition to the Goodyear orders, we have several new distributors
around the world, including REMA and Kit Loong, which have been previously
announced. We have over 20 countries in different phases of testing and
implementation, which represent the next stages of growth for our tire
tags. We also have several manufacturers that are now using our Pneu-Logic
tools around the world. With the combined marketing efforts of our
TireTrac tags and the Pneu-Logic tools, we are well positioned as the
dominant worldwide RFID tire business marketing company."
About Goodyear: Goodyear is the world's largest tire company, headquartered
in Akron, Ohio and manufactures and markets tires and engineered rubber
products for most applications. The Company has more than 90 manufacturing
facilities in 28 countries. It has marketing operations in almost every
country in the world. Goodyear employs about 80,000 people worldwide.
About Advanced ID Corporation: Advanced ID Corporation (OTCBB: AIDO) is a
complete solutions provider in the RFID market with a focus in the tire
management industry. The company is also a major factor in the tire
inspection business through its UK-based Pneu-Logic subsidiary. The company
is active in the pet recovery business through its AVID Canada subsidiary
in Calgary, Alberta and has developed a UHF RFID reader product line
through its Advanced ID Asia Engineering technical support and business
development partner in Chiang Mai, Thailand.
Safe Harbor Statement: Statements in this press release other than
statements of historical fact, including statements regarding the company's
plans, beliefs and estimate as to projections are "forward-looking
statements." Such statements are subject to certain risks and
uncertainties, including factors listed from time to time in the company's
SEC filings, and actual results could differ materially from expected
results. These forward-looking statements represent the company's judgment
as of the date of this release. Advanced ID Corporation does not undertake
to update, revise or correct any forward-looking statements.
