 |
|
|
Metrologic Acquires RFID Technology Company, Visible-RF, LLC
|
|
Blackwood, New Jersey – May 8, 2006 -- Metrologic Instruments, Inc. (NASDAQ-NMS:MTLG), today announced the acquisition of all of the assets of Visible-RF, LLC, a privately held start-up company located in Needham, MA, whose advanced technology combines Radio Frequency communications with bi-stable display materials.
|
“As part of our growth strategy, this transaction expands our market presence in RFID with unique differentiation”, said C. Harry Knowles, Metrologic’s Chairman . “This acquisition, coupled with our solid organic growth, will assist us in continuing to build our position as a leader in the Automatic Identification Data Capture Industry.”
Mark Schmidt, Metrologic’s Executive Vice President -Strategic Initiatives, commented, "The acquisition of Visible-RF, LLC, represents a significant addition to our technology portfolio. This technology combines the benefits of a paper label with the advantages of RFID to display visible information that is updated via a wireless signal. Thus, the technology provides users all the benefits of barcoding and RFID. There are applications for this acquired technology in several markets where Metrologic already has a presence, including Retail, Healthcare, Manufacturing, Logistics, and Public Transportation, just to name a few.”
“Metrologic intends to utilize its extensive established world-wide sales and distribution network to expand this new technology through its existing customer base. We also believe future generations of this technology potentially are applicable outside our traditional, addressable markets,” continued Mr. Schmidt.
About Metrologic
Metrologic Instruments, Inc. (“Metrologic” or the “Company”) is a global supplier of choice for data capture and collection hardware, optical solutions, and image processing software. Metrologic has been delivering innovative, quality products that are cost effective, reliable and supported by a superior level of personal service for nearly 40 years. Metrologic products are sold worldwide through Metrologic's sales, service and distribution offices located in The Americas, EMEA and Asia/Pacific. Metrologic provides its customers not only with a great deal, but a great deal more. For more information please call 1-800-667-8400 or visit www.metrologic.com.
Forward-Looking Statement
Forward-looking statements contained in this release are highly dependent upon a variety of important factors which would cause actual results to differ materially from those reflected in such forward looking statements. Specifically, the factors that could cause actual results to differ from expectations include: Metrologic’s ability to deliver the products within the time period specified in the contract; the timing, introduction and market acceptance of Metrologic's new products; pricing pressures; and competitive factors. When used in this release and documents referenced, the words "believes," "expects," "may," "should," "seeks," or "anticipates," and similar expressions as they relate to Metrologic or its management are intended to identify such forward-looking statements. For additional factors, please see Metrologic's reports filed with the Securities and Exchange Commission.
Metrologic's Contact for Investor Relations:
Ann Anthony
Email: a.anthony@metrologic.com
Phone: (856) 228-8100 x5507
|
|
|
