The Fort Lauderdale, Florida-base company said its goal is to develop multi-bit chipless RFID tags that can be manufactured and applied at a cost of well below one cent each.
…Current RFID applications require that relatively expensive chips be imbedded in the ID tags, making item-level tagging impractical for most products, said InkSure chief executive Elie Housman, in a statement.
However, Instat RFID analyst Allan Nogee, who was not familiar with InkSure’s technology, said existing semiconductor-based RFID tags cost just 25 cents in high volumes.
InkSure said it had set up a subsidiary, InkSure RF, to commercialize its ultra-low-cost printable RFID tags.
The company’s existing authentication and tracking products, called SmartInk, use markers, inks and materials produced by electro-optic signatures, which are unique codes embedded into printed media.
Last month the company reported a $454,000 loss on revenues of $494,000 for its most recent quarter.
