RFID Award: IDENTEC SOLUTIONS Wins Prestigious Red Herring European 100 Award

IDENTEC SOLUTIONS, the global leader in wireless tracking and tracing solutions that include award-winning intelligent long-range active RFID technology (ILR), has won one of the Red Herring Europe 100 Awards, which was presented at the Venture Market Europe (VME) conference in Cannes, France on March 25-27. IDENTEC SOLUTIONS was selected for providing innovative, leading edge solutions to its customers and was the only RFID company honored in this year's selection.

In selecting this year's winners, the Red Herring editorial board diligently surveyed the entrepreneurial landscape throughout Europe, the Middle East and Africa, and identified 100 companies that are leading the next wave of innovation. Companies were evaluated on business models, profitability forecasts, management, technological advancement, and ability to make a lasting impact in the marketplace and throughout industries.

IDENTEC SOLUTIONS provides highly reliable wireless solutions for customers, either directly or through one of its many world-class solutions partners. IDENTEC SOLUTIONS' patented technology equips companies to read information at long distances with a sophisticated tag and reader system. This system enables customers and partners across multiple industries to solve business problems by increasing productivity, lowering overall costs and streamlining assets.

"I am proud that our Austrian-based technology company is thriving in the global active RFID industry," said Gerhard Schedler, chief executive officer of IDENTEC SOLUTIONS. "It's important to note our successful implementation in different industries worldwide, but it's also an honor to receive the Red Herring European 100 award as recognition of IDENTEC SOLUTIONS' stellar technology and hard work."

About IDENTEC SOLUTIONS

Founded in 1997, IDENTEC SOLUTIONS is the global leader in wireless tracking and tracing solutions that include award-winning intelligent long-range active RFID technology. IDENTEC SOLUTIONS' patented RFID technology and products are utilized by some of the world's largest companies to facilitate and better manage critical processes or to help track valuable assets in a completely reliable and secure manner. IDENTEC SOLUTIONS' Intelligent Long Range active RFID System can identify, locate, track and communicate with assets at a distance of up to 500 meters (1,500 feet) to deliver superior supply chain real-time visibility in dynamic, demanding environments. IDENTEC SOLUTIONS' expertise and experience is especially used by systems integrators and end customers worldwide in the automotive, transportation and logistics, and aerospace and defense industries. As a long-time industry player, IDENTEC SOLUTIONS has provided asset management solutions and support for a variety of organizations, including an impressive roster of Fortune 500 clients such as Volkswagen, Deutsche Post and General Electric and leading systems integrators such as Intellion, Wtek, e-Plate and Softworks. The privately-held technology company is headquartered in Lustenau, Austria, with American headquarters in Dallas, Texas, and other offices worldwide supporting its customers. More information is available at www.identecsolutions.com.

About RED HERRING

Red Herring is a global media company uniting the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy.

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