(UPM, Helsinki, 22 December 2011 at 10:05) – UPM has reached an agreement with SMARTRAC N.V. today whereby UPM sells its RFID business to SMARTRAC. UPM will become an indirect shareholder of SMARTRAC with a 10.6 percent economic interest through the company OEP Technologie B.V. The closing of the deal is expected to take place during the first quarter of 2012.
UPM RFID made its race-timing debut at the Long Distance Triathlon European Championships 2011. Competitors from more than 20 European countries were caught sporting tailor-made, water-resistant ankle bands embedded with UPM DogBone RFID tags.
Partnership for Response and Recovery Inspections recently put RFID to some good use, tracking government assets to test in the aftermath of tornadoes, storms and floods that struck the southeastern United States in April 2011.
UPM RFID is introducing several new inlays based on the high performance NXP UCODE G2iL UHF RFID chip. The upgraded designs based on this new IC offer high quality and great read performance in a range of applications.