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

Textiles | On 5th Aug 2021

US manufacturing activity grows in Jul; textile mills report fall: ISM

Economic activity in the US manufacturing sector grew in July, with...

Pic: Shutterstock

Textiles | On 5th Aug 2021

UK inflation to hit 3.9% in early 2022, 2% in 2023, predicts NIESR

UK consumer price inflation will reach 3.9 per cent early next year,...

Pic: Shutterstock

Retail | On 5th Aug 2021

Walmart again ranked largest firm by revenue, Amazon 3rd: Fortune

Walmart has been again ranked the largest company in the world by...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Main challenges are breakdown of supply chain and shrinkage of manpower

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Dhirubhai & Arvind Shah,

Dhirubhai & Arvind Shah

It supplies synthetic fabrics to top international brands like M&S,...

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

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

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


July 2021

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


Advanced Search