SEOUL, South Korea, July 7, 2011 (GLOBE NEWSWIRE) -- Clavis Technologies International Co., Ltd. (OTCBB:CTLH), "The Company," a leading provider of RFID-enabled solutions to various industrial markets, today announced that the Company provides RFID-enabled traffic equipment management system to Gangseo Road Station of Seoul Metropolitan Government in South Korea. The agreement was constructed by Sentop Technology, one of Clavis Technologies' partners that has been a reseller of its solutions.
CEO of Clavis Technologies, Mr. Hwan Sup Lee, stated, "We are very pleased to provide an RFID-enabled management system to the Seoul Metropolitan Government. It is one of our strategic initiatives to provide RFID-based asset management to not only Seoul's Metropolitan government, but 200 local autonomous entities as well and this is a very positive first step. By working with reselling partners, we will continue high level communications and trail reviews of projects and expect to close business in this area over the next several quarters with estimated revenues of over $1 Million."
About Clavis Technologies
Clavis Technologies Co., Ltd., a wholly owned Korea-based subsidiary of Clavis Technologies International Co., Ltd. ("Clavis Technologies") has been a pioneer vendor of RFID technology since 2003, providing RFID-enabled solutions, including business processes, based on the EPCglobal standards to various industrial markets. With clients such as IBM Korea, SKC, Alien Technology Asia, KT Networks, NextID, Clavis Technologies combines its products, expertise, partnerships and integration capabilities to enable companies to effectively utilize the wealth of data captured by networked devices such as RFID readers or handhelds, extending the quality of valuable information to any device used by the companies or their customers.
To learn more about the Company, visit www.clavistech.com.