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The Nikkei, a major Japanese business publication, is reporting that NEC is planning to sell RFID tag readers/writers that are priced at less than 10% of existing products. The company seems to have made major advancements in the field of semiconductor research, resulting in the drastic price cut.

The tags are compatible with all of the six worldwide radio communications standards. NEC is ready to accept orders beginning as early as July of 2009. At least 10,000 new tags will be available at a price of approximately $100.

NEC is expecting to rake in $1 billion in sales by 2014 by not only selling the tags, but also by leasing compatible software and servers to buyers. The company seems to be willing to expand the scope of usage of RFID tags from the industrial field to the retail sector in order to achieve mass adoption.

Source: CrunchGear

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1 Comment(s) Post a Comment  Showing Comments Page 1 of 1 Posted by Bob Weeks from FloStor Engineering on May 19, 2009, 4:31 pm PDT That's the biggest problem with RFID right now - the cost. It's much easier to use than a bar code, it's just not cost-effective. Inappropriate? alert us Post a Comment   Comment on this News Item: Name: Company: Email: Comment: Security Code: Reload Image Enter the text shown in the box above. Comments that include profanity, personal attacks or antisocial behavior such as "spamming," "trolling," or any other inappropriate material will not be posted to the site and/or will be removed from the site. You are fully responsible for the content you post. Neither the Association nor the publisher of this website, Data Key Communications, Inc, are responsible for the contents thereof or the opinions of the contributors. Contact and company information entered must be true and accurate. By submitting a comment, you agree to these terms and conditions.

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