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Price $1.18 |
Watch ABSY Trade This Morning! |
Tuesday July 11, 2006 |
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 Expanded
Use of RFID Tags Has Been Limited Due to Cost, Range and Power Requirements.
AbsoluteSKY Has Uniquely Resolved These Issues To Provide Item-Level Tracking
for Speciality Retail Clients … Now!
The Company is rolling out its
intelliTRACKER™
product suite, an R FID-based
solution that ties in multiple technologies to provide retailers with real-time
Item-Level Inventory Tracking through the supply chain -- which according to
industry specialists is the first real-time item-level inventory tracking system
available on the market today for specialty retailers! AbsoluteSKY's software
and hardware solution set allows retailers to solve existing inventory problems
in the store that have prevailed since the dawn of retailing. The range of
attractive features and benefits include the ability to increase inventory
turns, virtually eliminate missed sales and gain extensive real-time control
over loss prevention. The retailer for once can have complete control and
visibility overstore inventory!
read more
AbsoluteSKY: Wal-Mart Experience Good News for RFID Vendors!
The full potential of RFID technology has only just started to be realized --
perhaps some of the greatest applications and unique solutions based on RFID
have yet to come to market. In the field of Retail, AbsoluteSKY has taken the
evolution if RFID to a whole new level - individual RFID tagging of merchandise
now!
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After the market closed on Monday July 10th,
AbsoluteSKY
and Fujitsu Sign Strategic Agreement for Retail RFID
 AbsoluteSKY,
Inc.
(OTC: ABSY) may be a target of aggressive investors and day traders this
morning!
Yesterday after the stock markets closed, the company, which became publicly
traded in May, issued a press release announcing that it and
Fujitsu Transaction Solutions Inc.
have signed a strategic reseller agreement
to offer AbsoluteSKY’s
intelliTRACKER™ product suite to retailers for real-time item-level tracking.
News of the
strategic agreement should get the
attention of investors! By virtue of this strategic relationship, the companies
are assertively responding to the fact that item-level inventory tagging is a
growing imperative in the retail industry. As highlighted
in a December 2005 survey of retail managers conducted by AMR Research, Boston,
42% of respondents say that item-level tagging will be their organization’s
most strategically important technology investment over the next 12 to 24
months.
Continue to
watch this company!
“Fujitsu’s
enormous market presence and reputation for reliable, quality service is a major
plus as we bring this powerful value proposition to the retail market”,
remarked John Frabasile, president and CEO of AbsoluteSKY. “Together we
are first-to-market with a breakthrough
solution that delivers measurable benefits
and clear ROI to the specialty retailer, as well as the ability to meaningfully
and fundamentally improve day-to-day operations,” added Frabasile.
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Investors should
continue to monitor the progress of
AbsoluteSKY!
IntelliTRACKER™ technology
(patent-pending) integrates with retailers’ enterprise and store-level systems,
providing an unprecedented level of inventory visibility and operational
enhancements - automating such functions as store receiving, stock
replenishment, warehouse receiving and shipping, as well as tracking and control
of markdown counts, style-aging and store-to-store transfers. The system also
brings Loss Prevention to a whole new level, well beyond the capabilities that
Electronic Article Surveillance (EAS) systems have demonstrated in the
marketplace today.
Wall Street News
Alert is placing Aggressive Investors on alert to watch the progress of
AbsoluteSKY!
"RFID is widely regarded
 as
the next transformational technology for retail operations,” said Austen
Mulinder, president and CEO of Fujitsu Transaction Solutions. "Combining
the capabilities of AbsoluteSKY's RFID solutions with Fujitsu's product
portfolio will enable retailers to fully realize the benefits of RFID technology
in the store environment."
Under terms of
the agreement, Fujitsu will resell intelliTRACKER(TM) into its extensive base of
current and prospective retail customers. The agreement also sets the structure
for AbsoluteSKY, an innovator in RFID-based inventory tracking systems, to
resell Fujitsu products into its customer base. |
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To view all of Wall
Street News Alert's special early morning alerts for this morning, visit
WallStreetNewsAlert, where you may also sign up to receive free email alerts
in advance of our press releases being issued.
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Radio Frequency cy IDentification (RFID) is a wireless data collection technology
that uses small electronic tags to store data which can be read remotely by a
reader.
The tags contain minitiarized electronic circuitry and antennae coils to enable
them to communicate via radio frequencies with RFID readers. The readers collect
data from the tags and provide it to computer platforms where it can be
processed into useful information for a variety of purposes. Because of their
small size and ability to store and report data, RFID tags can be attached to a
wide range of physical assets, creating a dynamic link between people, objects
and processes. RFID is increasingly becoming a familiar part of our lives, both
at work and at home.
Generally, an RFID solution set comprises the following key elements:
Hardware, which includes tags, readers, writers, servers, controllers and
cabling.
Software and interfaces for integration to back-end and legacy applications.
Enhancement of legacy applications to sustain and extend the value RFID can
provide. |
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Consider these factors when evaluating AbsoluteSKY
 Why
use RFID?
The case for implementing RFID technology is compelling: RFID tags store more
information than magnetic strips or bar codes, which must be brought close to a
scanner for reading, and the data stored on the tags can be easily and
automatically exchanged at a distance both indoors and outdoors, even through
obscuration such as rain and snow. In fact, RFID data can be read through the
human body, clothing and non-metallic materials.
With these advantages, RFID systems are finding applications just about
anywhere, from clothing tags to amusement parks to pet and livestock tags to
waste management -- anywhere that a unique identification system is needed.
RFID
Evolution or Revolution?
RFID technology has been around for decades… so why is the technology getting so
much attention now? It’s because RFID and its adjacent technologies have
progressively converged to the point that RFID is now seen by industry
specialists as leading the next major stage in the evolution of information
technology itself!
In the past, each stage has brought disruption and change, but RFID uniquely
builds upon what came before it. RFID technology has become cheaper, faster and
more capable in terms of storing and transferring data, but RFID-based solutions
can now draw upon the Internet as a means to share the data. It can interface
with state-of-the-art enterprise systems to manage the data and turn it into
information that can be acted upon. In turn, it can trigger enterprise resource
planning software and enterprise applications to run organizations in an
entirely new and dramatically more efficient way.
While evolutionary in its development, RFID now promises to revolutionize the
world's supply chain, for example replacing the ubiquitous bar code on product
packaging. It will change the way suppliers and customers interact, allowing
both to, among other things, know at any given moment where shipped goods are
located, tracking them through every stage of manufacturing and transport, and
to the point of sale itself.
The
Upside of RFID
In business environments, interest in RFID technology is driven by the need for
companies to achieve greater speed and visibility into their supply chains, with
the goal of increasing their operational efficiency and levels of customer
satisfaction.
An RFID-enabled supply chain operation ensures that goods can be delivered to
the place and at the time consumers are ready to purchase –creating tremendous
upside in terms of lower inventory levels, reduced labor costs, improved
markdowns, loss prevention and increased sales - the bottom line: increased
profitability and happier customers.
Proven
Leadership
 John
Frabasile – President and Chief Executive Officer
Mr. Frabasile has over 25 years of extensive software and technology experience
in the retail market. His background includes product development, product sales
and systems implementation as well as overall management of progressive
companies.
He was founder of Mitech Computer Systems in Montreal and managed the Company
since its inception in 1983. Later on, he held senior executive positions with
several international software solution providers for the retail industry.
Throughout this period, Mr. Frabasile was involved in numerous large software
contracts and worked with leading international integrators and resellers to
develop global retail markets. In 2003, Mr. Frabasile combined his retail and
software expertise with evolving RFID technologies and founded JavaPRO Solutions
who's assets were acquired by AbsoluteSKY, Inc. in November 2005
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Headquartered in Montreal, Canada, AbsoluteSKY, Inc. has a mission to produce
breakthrough integrated business solutions for the retail industry. The Company
has filed it's application to become a publicly-traded stock.
In late 2005, the Company acquired the assets of JavaPRO Solutions Inc. a
technology company with unique expertise in developing specialized software and
RFID solutions for retail customers. This foundation, combined with world-class
management credentials in technology implementation and a deep-rooted
understanding of the retail business, is moving AbsoluteSKY to the forefront of
the rapidly emerging RFID field.
AbsoluteSKY today has ready products, leading technology, world-class
leadership, strong industry partners, a clear understanding of customer needs
and, moreover, a bold vision of how and where RFID is going in the global
marketplace.
Incredibly, in the face of an industry that has been expectantly monitoring the
evolution of RFID and its explosive growth potential, AbsoluteSKY is ready to
deliver Item-Level RFID Tagging to retail customers now! For AbsoluteSKY, the
sky is the limit.
"Radio frequency identification (RFID) has climbed from obscurity to become one
of today's most discussed retail technologies"
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