KMAG is Taking Their Technology to the Skies
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If you are having trouble viewing this message, please go to http://community.icontact.com/p/wwwpennypayday/newsletters/social-marketing/posts/kmag-is-taking-their-technology-to-the-skies [1][2] [3]Home | [4]About Us | [5] Day Trading 101 | [6]Blog | [7]Video Charts | [8]Contact Did you know the airline industry handles more than 2 billion passengers` baggage annually As per airline industry statistics, an average 5 to 7 bags per thousand are mishandled each year. For quick math sakes that is more than 2 million bags that are lost or mishandled every year! Could RFID technology be the solution “Back in 2003, McCarran International Airport, in Las Vegas, placed a bet on radio frequency technology: It would bring baggage handling under its own operations, rather than have the airlines continue to manage the bags checked into their flights. And it would replace a bar-code system for tracking and sorting baggage with RFID, to improve speed and accuracy. McCarran is a major origin and destination for travelers, making it one of the highest-volume baggage-handling operations in the United States. On an average day, roughly 30,000 bags are checked in here, and that number can swell to 70,000 on days when a large conference ends, says Samuel Ingalls, McCarran`s assistant director of aviation information systems.
Today, that bet has paid off. McCarran equipped airlines with RFID printer-encoders to generate RFID labels. Tagged bags move on conveyor systems outfitted with RFID readers through multiple buildings, as they are screened and then sent to the designated airlines. The airport accurately reads the RFID tags attached to “north of 99 percentsometimes north of 99.5 percent” of the bags it receives, Ingalls says. The industry-standard read rate for bar-code labels generally averages around 85 percent.” ([9]read source article…) As settlement costs of mishandled packages average $20 per KG of weighted baggage, there is also an exuberant amount of time and labor spent on dealing with lost bags. According to a leading airline industry information technology information organization, a baggage solution can potentially save airlines over $650 million annually.
KMA Global Solutions International, Inc. (PINKSHEETS: KMAG) recently announced that it has signed a non exclusive Memorandum of Understanding to supply RFID labels and technology to PI Innovations. PI innovations is developing a suite of products and technology for the Baggage handling industry that covers Airports around the world and any other transportation format where luggage is placed. ([10]Read the full release…) KMAG.PK is an innovator and internationally recognized leader in the Electronic Article Surveillance (EAS) industry, focused on providing cost-effective source tagging solutions for customers in the apparel, multimedia, sporting goods, food and pharmaceutical and general merchandise industries. KMA is ISO 9001 compliant.
The Industry and Competitive Conditions Electronic Article Surveillance or EAS, is primarily used by consumer goods retailers to prevent theft (shrinkage), mainly in the form of shoplifting. The aggregate cost of stock shrinkage globally is estimated to be in excess of $70 billion USD and for many retailers, can exceed 2% of gross sales. Shoplifting is widely estimated to represent more than 40% of that figure.
Retailers have been combating shrinkage for as long as there has been self-serve stores, and over the years have adopted a wide variety of tools to help them deal with the challenge. For more than 30 years, EAS technology has been a significant part of their toolkit. Although there are several EAS technologies currently available, most retailers use one of just two popular versions: Acousto- Magnetic (AM) and Swept Radio Frequency (RF).
In the past, retailers would install the necessary hardware in their stores, and then purchase tags and labels as needed to apply to their merchandise at the store level.
More recently, retailers have refined the EAS protection process by asking manufacturers and distributors to partner with them by source tagging consumer goods at the point of manufacture. Apparel is typically protected using a tag that is sewn right into the garment and packaged goods typically contain a label applied inside of the packaging or product.
Manufacturers, wholesalers and distributors of popular packaged goods often must keep duplicate inventories of their products for delivery to retailers having either AM or RF technology installed in their stores, creating an entirely different supply chain problem.
KMAG has developed a comprehensive suite of innovative products to address the specific source tagging needs of retailers, manufacturers and packagers, and as such has enjoyed several years of tremendous growth.
Radio Frequency Identification (RFID) technology is widely expected to transition into item level application, from its current role in supply chain management for the retail sector. KMAG already has the ability to add RFID to its existing product lines enabling high volume single pass application of EAS and RFID tags at the unit level. KMA`s ability to seamlessly evolve with the marketplace ensures that it will maintain its status as a leader in EAS, and move on to attain leadership status in RFID tagging.
KMAG is recognized as an industry leader in the field of EAS source tagging solutions. KMA`s competitive position is founded in three key areas:
Competitive Position Economical, high volume production capacity Guaranteed on time delivery Proprietary patented, and patent pending processes and products Together, these strengths have resulted in an extremely high level of customer satisfaction. Further, KMA`s flexible and adaptive approach to EAS tagging solutions enables it to offer highly customized solutions for challenging products and packaging.
Remember, we always encourage you to do your own due diligence. The best way to begin your research is to review the company`s website, latest press releases and always dig into their filings with the SEC.
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