Home / Knowledge / News / Information Technology / Apparel segment is important for RFID technologies – CYBRA

Apparel segment is important for RFID technologies – CYBRA

31
May '10
CYBRA Corporation, a leader in bar code and RFID technologies for IBM Power Systems and other major computing platforms, announced that it expects significant growth in its principal RFID end markets through 2011.

The anticipated growth in key RFID markets, such as apparel and distribution, are expected to more than double CYBRA's RFID product and services revenues in 2010. This growth, coupled with increased customer interest in CYBRA's traditional Auto-Id products, should lead to overall revenue improvement of as much as 40% year over year.

“We have seen a significant growth in interest for RFID technologies over the past few months, particularly in the apparel industry,” said CEO Harold Brand. Of CYBRA's thousands of customers worldwide the largest market segment is apparel: “We believe that CYBRA remains uniquely poised as, to the best of our knowledge, the only provider of RFID software solutions designed specifically for the industry-leading IBM Power Systems platform, as companies move from speculative pilot programs to real-world implementation.”

Global market research firm RNCOS indicated in April 2010 that it expects the global RFID market to grow at a 28%+ CAGR and generate $10.7 billion in revenues by 2013. Among the largest segments is apparel, which analyst Robert Baird & Co. predicts will be a major driver of growth within the industry of around 40%, compared to 20%-30% growth for the rest of the industry.

To the Company's knowledge, CYBRA Corporation is the only provider of RFID software solutions specifically designed to leverage the exceptional capabilities of the industry-leading IBM Power Systems platform. Customers that have shown interest, but had no budget, over the past two years are now calling to implement RFID solutions in their businesses, which the Company expects to add between 25% and 30% revenue growth in 2010 and 2011.

Recent new customers include Elite Medical Supplies of Buffalo, NY, which is using CYBRA's EdgeMagic software to track their inventory to meet Medicare and Medicaid mandates designed to reduce fraud, and Blue and White Foods, which will use the industry-leading software to reduce errors through improved inventory management in multiple warehouse locations and on direct to store delivery trucks.

“After making significant improvements to our leading MarkMagic and EdgeMagic software during the economic downturn, CYBRA is better positioned than ever for rapid growth in the RFID and bar coding industries,” added Mr. Brand. “A number of additional active deals are in the pipeline and are expected to be announced shortly as we continue to build value for shareholders.”

CYBRA Corporation is a leader in bar code and RFID technology for IBM Power Systems and other major computing platforms. An IBM Business Partner and Motorola/Symbol Partner, CYBRA is represented by a network of value added resellers throughout the United States and is representedinternationally by sales and support offices.

CYBRA Corporation


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 28th Feb 2020

Cambodian PM urges PRC to export raw materials by air, sea

Prime Minister Hun Sen recently urged Chinese ambassador to Cambodia...

Pic: Shutterstock

Textiles | On 28th Feb 2020

Pak govt urged to help clear consignments from China

The Sindh Industrial Trading Estate (SITE) Association of Industry...

Pic: Shutterstock

Textiles | On 28th Feb 2020

Coronavirus an opportunity for Indian textile industry?

While scientists across the world are busy developing vaccine and...

Interviews View All

Top executives, Indian retail players

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Marcel Moser,

Marcel Moser

Switzerland-based Benninger is a leading manufacturer of technologically...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search