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Micronetics Inc. announced that it has received an order in excess of $750K for initial beta testing with a major retailer for its forklift mounted radio frequency identification (RFID) antenna sensor system. The forklift sensor system has recently completed a successful pre-production test phase, and will now begin beta testing with deployments over the next several months. These beta test sites represent approximately 7 percent of the retailer’s total locations. This order is a portion of a purchase agreement containing an option for full scale production roll-out upon successful completion of this phase.
Micronetics’ RFID forklift antenna system is being integrated on one of the most widely used forklifts in the industry. This system interfaces with the retailer’s warehouse management system in order to streamline material movement and increase throughput.
Dave Robbins, CEO of Micronetics Inc., stated, “We are excited about the market potential of our RFID systems to enhance supply chain inventory management capabilities. We believe that receiving this order validates to us the robustness of our forklift antenna sensor system.”
Kevin Beals, President of Micronetics Inc., said, “We anticipate a successful transition from beta to full production roll-out within six to nine months after the completion of the beta testing. In support of this effort, we will be providing dedicated software and hardware resources during these trials. We are working very closely with our integration partners and the end user to assure success in this retail application.”
In March 2009, Micronetics acquired the pedestal and forklift mounted radio frequency identification (RFID product line of M/A-COM RFID Inc., an indirect, wholly owned subsidiary of Cobham plc.
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