The Booming RFID Business in 2010

There is money in RFID. Alanco Technologies, which provides RFID-based inmate tracking systems, announced sales increased 42 percent to $19 million for the fiscal year ended June 30, 2009. The U.S. Army continues to place the world's largest RFID contracts at around $500 million each and many smaller orders that are still substantial. For instance, in October 2009, Savi, a Lockheed Martin company, was awarded orders totaling $6.6 million for RFID systems under the U.S. Department of Defense's RFID III procurement contract. The RFID tags, which are affixed to cargo containers and other supply chain assets, comply with the ISO 18000-7 standard (also called DASH7), enabling near real-time supply visibility and interoperability with allied defense forces and government organizations.