Radio frequency identification (RFID) is a system for tagging and identifying mobile objects, using chips to transmit and receive radio signals. RetailPilot leverages RFID technology for proprietary programs in the hope of improving business operations, reducing liabilities, providing regulatory compliance and enhancing margins.
A few years ago, talk of miniaturized machines that could sense temperature, humidity or even analyze DNA sounded like science fiction, said Herb Wong, chairman of Bridgetech, Today, the price of micro-electromechanical systems, or MEMs, has fallen dramatically, and companies are now putting them into everything from washing machines to cars.
The acquisition of RetailPilot, he hopes, will give the company the ability to tap into the RFID market and increase profits within the retail and healthcare industries by using RFID sensors to prevent illnesses and reduce errors and costs.
