OrganicID, International Paper Team To Break RFID Price Barrier
OrganicID said it is working to bring down the cost per tag to $0.01--significantly lower than the average cost per tag today of $0.25 to $0.45. "We are busting the myth that RFID tags cannot cost less than $0.05, and we are hopeful that we can go even further," said OrganicID's founder and CEO Klaus Dimmler in a statement.
OrganicID is eschewing the traditional costly silicon RFID tags. The company's organic electronic technology entails the successive depositing and patterning of multiple layers of electronic inks and organic materials on a flexible substrate. The firm said it has demonstrated that organic transistors can transmit at 13.56 MHz.
OrganicID, which also announced that it has received "a sizable seed investment" from ITU Ventures, was founded by a group of organic electronics experts at the University of Texas at Austin. The firm is located at Colorado Springs.
*This story courtesy of Techweb.com.