A new partnership is looking to advance IoT (Internet of Things) and RFID (radio-frequency identification).
China-based General Steel Holdings Inc., www.gshi-steel.com, has announced the company reached a definitive agreement to form a joint venture with a team of RFID experts to develop and commercialize RFID technology data solutions.
The expert team includes several forerunners in the data and logistics industries, led by Michael Au, a veteran with more than 17 years of experience and more than a dozen patents in RFID technology. In 1997, Au developed and patented a non-contact RFID device for moving vehicles that is still being used today for highway toll collections in the Guangdong Province. In 2005, Au cofounded Xindeco IoT, www.codetag.com.cn/en, a China-based company specializing in the development and production of UHF RFID tags.
The expert team’s chief technical adviser will be Changyu Wu, a member of the U.S. Institute of Electrical and Electronic Engineers, www.ieee.org, with more than 20 years of experience in the development of data-integration devices.
Under the terms of the agreement, General Steel will own 70% of the joint venture, while the expert team will contribute intellectual property, including proprietary RFID technologies, licensed patents, and domain expertise. The joint venture is expected to be established in March 2015.
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