SML and PervasID Announce Strategic Partnership to Bring High-Accuracy, Hands-Free UHF RFID Product Visibility to the Retail Market
RFID market leader will exclusively offer solutions to retailers and brands that provide granular real-time information on stock levels, extending their tangible returns from adopting RFID
SML, a global leader in retail RFID technology and solutions, and PervasID, the company providing innovative, high-accuracy UHF Radio Frequency Identification (RFID) reader systems for automating inventory and asset tracking, today announced an exclusive partnership for the retail sector. The two companies will work together to deliver a unique combination of PervasID’s passive RFID reader technology and SML’s Clarity™ enterprise software solutions to drive higher profits for retailers.
“As the Retail RFID market continues to demand innovations to serve customers more effectively, we see a growing synergy between hands-free and handheld RFID solutions in stores and distribution centers and we see PervasID’s technology leading this innovation,” said Dean Frew, SML CTO.
“With the adoption of item-level RFID solutions rapidly growing and with a large portion of those retailers running on our Clarity application platform, we see the addition of the disruptive PervasID technology to our portfolio as being a key part of servicing our customers with enhanced returns on investments.”
Dr Sabesan Sithamparanathan, PervasID founder and CEO, said: “We are delighted to be combining our innovative technology with SML’s solutions, global network and scale to help bring these innovations to retailers around the globe.
“The biggest single challenge for all sizes and types of retailers is how to accurately and cost-effectively manage products inside their stores. The combination of the offerings from our two companies delivers unparalleled hands-free, real-time visibility capabilities.
“The results drive tangible improvements to the bottom line in the form of reduced losses, but also stock management and insights and more efficient e-commerce picking and packing and we’re excited to see the response from retailers.”