[photopress:IT_invengo_rfid.jpg,full,alignright]Shenzhen Stock Exchange has listed the common stock of Invengo Information Technology which is a leading company in the Chinese RFID market. RFID stands for radio-frequency identification device which is an automatic identification method, relying on storing and remotely retrieving data using devices called RFID tags or transponders.
In this case they are intended for use on the railways where Invengo has about half of the market.
Founded in 1993, Invengo is the RFID leader in China. At the moment it is focused on the railways but RFID has a far, far wider market potential.
Eventually, eventually, RFID will replace bar code on consumer goods. Indeed, in some countries that process has already started. This is the beginning of the RFID growth curve and transport is the most obvious place to start.
Source: NetworkWorld