(Source: PrimeNewswire)
NEWPORT BEACH, Calif., June 30, 2009 (GLOBE NEWSWIRE) -- The Industrial Technology Research Institute (ITRI), Newport Digital Technologies, Inc. (OTCBB:NPDT) and the Institute for Information Industry announced today the signing of a pact to develop and distribute a Military Grade RFID Reader incorporating the world's smallest EPC Global reader module with an industry first unique security protocol technology from Japan. Hitachi executives served as observers and conducted their own closed door signing ceremonies for the integration of this unique industry-first technology.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6331
The P37M mobile device is constructed with an alloy top cover, Intel R100 Chipset, shock proof corner bumpers for protection against drops, water proof up to three meters and extreme ruggedness features that give it an IP67 rating, making this one of the most advanced RFID readers in the industry. First 10,000 units valued at $18,000,000 are being produced for a major USA telecom with first shipments expected on 4th qtr. 2009.
Said NDT Chairman, Richard Damion, "Through strategic collaboration with III and ITRI, who are most undisputably the most advanced RFID end to end solution Research & Development technology organization in the world, we have developed an advanced Hand Held Reader for the Industrial and supply chain Industry. These Institutes combined employ over 7,000 well experienced engineers of which over 65% possess either a post graduate degree or PhD, providing the greatest talent and experience for this project, In addition we have collaborated with one of Japan's largest conglomerates on a security protocol to produce one of the most advanced RFID Hand Held Readers on the market."
NDT is now positioned to be a global leader in RFID, leading this effort and providing strategic guidance is our new Chief Executive Officer Mr. Gary DeMel. Mr. DeMel is a twenty-eight year veteran of the semiconductor and high-tech industries, and has held several senior management positions within Intel Corp., ATI Inc., and Level One Communications, Inc. in driving their efforts into the worldwide leadership position in wireless, computing, networking, gaming and graphic markets. Mr. DeMel, as Intel's Senior Director of Worldwide Sales and Business Development, created and directed most of Intel's strategic partnerships and was responsible for their most successful investments in leading-edge startups, including driving ATI Technologies, AMD, Tarari Inc., and LSI Logic as their Senior Vice President.
