SEOUL, South Korea, Sept. 27, 2011 (GLOBE NEWSWIRE) -- Clavis Technologies International Co., Ltd. (OTCBB:CTLH), a leading provider of RFID-enabled solutions to various industrial markets, today announced that the Company has entered into a contract with SKC, Inc., a world leader in polyester films, to develop a RFID-based product management system for its film products.
As outlined in the contract, Clavis Technologies will perform this consulting project for 10 months for a total of approximately $610,000 in revenue. Prior to the development of a new RFID-based product management system, Clavis will perform consulting services to optimize the system combination between SKC's existing product management and RFID system.
After consulting, this system can be extended for supply chain management as well. SKC selected a film factory in Jinchoen for this project and plans to expand this system for other film factories based on the results.
"We are very excited to enter into this consulting contract with SKC and believe there is significant potential to expand the scope of our initial project to optimize supply chain management in other SKC factories," commented CEO of Clavis Technologies, Mr. Hwan Sup Lee. "This contract will provide a significant amount of revenue for us while we continue to seek partnerships with top level corporations, governments and municipalities to optimize their RFID and supply chain management systems."
About SKC, Inc.
Established in October 1976, in the film business area, SKC has produced the world's best films for displays, optical films, solar cells, and environmentally-friendly products following its pioneering development of PET film in Korea. In the chemistry business area, SKC was the first to open a large-scale PO/SM plant in Korea and the first in the world to use environmentally-friendly HPPO method world.
SKC has a global production capacity of 300 million pounds of films per year, the most productive and advanced plant in the industry (Covington, Georgia, USA) and the highest volume film plant in the world (Suwon, South Korea). SKC is truly a world leader in polyester films. To learn more about the company, visit www.skc.co.kr.
About Clavis Technologies
Clavis Technologies Co., Ltd., a wholly owned Korea-based subsidiary of Clavis Technologies International Co., Ltd. ("Clavis Technologies") is a pioneering vendor of RFID technology since its inception in 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, and 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