News Details

SURREY, UNITED KINGDOM – (February 2, 2010) Wavetrend, a world leader in the deployment of active RFID Solutions, announced today that it has been awarded the RFID Readers – Company of the Year by Frost and Sullivan. Wavetrend’s robust track and trace solutions provide real-time visibility of assets, individuals, and vehicles in a variety of industry sectors.

“With its presence and strong support in the active RFID readers segment, Wavetrend has successfully implemented many industry-specific application solutions, including security and people tracking, logistics, asset tracking in aviation, construction, defense, healthcare, and transportation. According to Wavetrend's partners and customers, the company’s RFID solutions, utilizing its GlobalEyes and AssetTrace tracking technologies, provide greater tracking precision and efficiency than its competitor products. With its ability and expertise, the Company has gained significant market share, which was expected to expand by 25-30 percent by the end of 2009,” said Parul Oswal, Industry Analyst, RFID and Security Electronics and Security, Frost and Sullivan.

“Our readers, tags and software have a well-established track-record for powering tracking solutions for high value assets, people, and vehicles,” said Saleem Miyan, CEO of Wavetrend. “The recognition by the Best Practices Awards Panel at Frost and Sullivan is very exciting and a great validation of the successful use of active RFID in real-time tracking provided by Wavetrend.”

Frost & Sullivan Best Practices Awards identify exemplary achievements within a multitude of industries and functional disciplines. The analysis on best practices identifies companies, products, processes, and executives demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development.

Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry. This research is an invaluable source to companies for new ideas to improve strategies and processes, which ultimately drive corporate growth. These achievements are recognized by Frost & Sullivan Best Practices Awards.

About Wavetrend:
Operationally headquartered in the United Kingdom with regional offices in South Africa and the United States, Wavetrend is a world leader in the deployment of active RFID and track-and-trace solutions. Wavetrend technology enables enhanced management of people, assets, and logistics for improved business performance while optimizing customer return on investment and payback time. Through both its direct Professional Service teams and its global network of accredited application and integration partners, Wavetrend delivers a wide selection of proven, superior-performing active RFID products and track-and-trace solutions to customers around the world and supports a variety of industries including healthcare, construction, transport, logistics and automotive. For additional information, visit Wavetrend’s new Website at http://www.wavetrend.net.

About Frost & Sullivan:
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team™ with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents. For additional information, visit Frost and Sullivan at http://www.frost.com.

Wavetrend Agency Contact:
Glenda Laudisio
Eight Eleven Inc.
856/614-5456
glaudisio@eight-eleven.com