[photopress:rfid_truck.jpg,full,alignright]Nicer Canada is buying into Jmars Information Technology, a fully private foreign investment high technology enterprise in China. It will purchase 66.67% of JMIT’s shares.
JMIT develops, markets and sells RFID and Business Intelligence computer software, services and products in China. RFID is where you put a tag — which are getting smaller and smaller — on goods which makes their shipment faster and more secure.
A partnership in technology research with Fudan University of Shanghai has helped JMIT’s reputation as top software developers in it fields.
JMIT has forecast net earnings of RMB$4,025,000 for the fiscal year ending December 31, 2008.
The Company’s technical foundations were laid by a RFID (Radio Frequency Identification) technology company in China.
Nicer expanded from RFID into integration information systems based on global positioning and patented RFID technologies. In other words, more accurate and sophisticated RFID.
[photopress:rfid_cattle_tags.jpg,full,alignleft]As this is the way all shipping is going in China the market potential is very large.
Our illustration of a cow with an RFID tags is important. Cattle ear tags are always being torn off or becoming illegible. RFID gets around that. And the other illustration is RFID being used in a truck doing deliveries. It is going to be very, very important.
Source: iStock Analyst
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