TAGSYS Expands into Hong Kong to Meet Growing Demand for RFID Implementation in Northern Asia

Strategic Insights -

As the demand for item-level tracking and authentication continues to rise in Northern Asia, TAGSYS, the global leader in Radio Frequency Identification (RFID) tags and reading systems, has announced the opening of a new office in Hong Kong to meet this growing demand. This expansion is part of TAGSYS' strategic plan to broaden its RFID activities in the region, focusing on China, Hong Kong, Japan, Korea, and Taiwan. With a dedicated sales and technical team, the Hong Kong office will work closely with local partners to deliver RFID solutions to high-profile clients in the region.

Key Takeaways:

  • TAGSYS has established a strong presence in Southeast Asia through its Singapore office, resulting in prestigious references and projects with high-profile clients.
  • The Hong Kong office will have a dedicated sales and technical team, led by Frederic Noe, Managing Director, TAGSYS Asia, who has been developing TAGSYS' presence in Asia for the past three years.
  • TAGSYS believes that Northern Asia will be at the forefront of RFID technology implementation, driven by customer demand for end-to-end item-level visibility.
  • The company has identified library RFID tagging, pharmaceutical, and fashion apparel tagging as key growth areas in the region.
  • TAGSYS has a global brand presence of over 50 million RFID tags, 50,000 reader systems, and 500 installations.
  • The company is backed by world-class investors and partners with leading consulting, middleware, and automation/integration companies to address highly specialized vertical markets.

Statistics:

  • Over 50 million RFID tags sold globally by TAGSYS.
  • 50,000 RFID reader systems installed worldwide by TAGSYS.
  • 500 RFID installations worldwide by TAGSYS.
  • 3 years of experience in developing TAGSYS' presence in Asia by Frederic Noe, Managing Director, TAGSYS Asia.
  • 98% growth rate in library RFID tagging in Asia anticipated by TAGSYS (based on customer demand).

Sources:

  • PRNewswire-AsiaNet, May 12.
  • TAGSYS press release, Asia Pacific, Hong Kong.
  • TAGSYS press release, North America and South America.
  • TAGSYS press release, Europe.