SEOUL, South Korea, July 11, 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 has developed RFID-enabled asset management system for the Kaeseong Industrial District Management Committee (KIDMAC) that manages important goods, like computers, appliances, machines and gas tanks etc., owned by 122 South Korean manufacturers in Kaeseong Industrial Complex.
Clavis Technologies has built a new database, which contains functions specifically designed to support regarding civil affair documents for important goods. The system will improve the efficiency and convenience of managing important goods and provide accurate reporting of statistical data. KIDMAC has already applied RFID-enabled asset management system to its computers and based on the results, plans to gradually apply this system to appliances, machines and gas tanks to manage assets within Kaeseong Industrial Complex promptly and accurately.
"This is a very exciting development for Clavis Technologies and important first step for both the company and the Kaeseong Industrial Complex regarding the implementation of our RFID-enabled asset management system to manage what could eventually be a substantial portion of KIC's appliances and machines. We will continue to grow our relationship with KIC as working with such an esteemed organization provides a tremendous opportunity for us to not only improve our reputation as a provider of RFID-enabled solutions but can greatly increase our future revenues," commented CEO of Clavis Technologies, Mr. Hwan Sup Lee.
About Kaesong Industrial Complex (KIC)
The KIC is an industrial park located in the Democratic People's Republic of Korea (DPRK or North Korea) just across the demilitarized zone from South Korea. Currently, over 50 medium-sized South Korean companies are using North Korean labor to manufacture products in Kaesong, but projections are for as many 2,000 firms to locate there. The complex was planned, developed, and financed largely by South Korea, and it has become a symbol of the growing level of engagement between the North and the South. The United States officially supports the KIC.
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.