EnXnet, Inc. Announces Passive Electronic EAS Tag Patent Application
While the current AM tags are relatively large and easy to
identify, making them rather easy to remove, EnXnet’s
passive electronic article surveillance tag can be made in many different
configurations. For instance, it can be
hidden under product labels or under the sealed flaps of product packaging,
thus completely hiding it from view. This
flexibility will allow the use of EnXnet’s passive
electronic article surveillance tag on many products that cannot easily be
protected by the current AM tags. EnXnet’s passive electronic article surveillance tag operates
at any frequency used while the current AM tags are limited to a specific
frequency.
EnXnet’s passive electronic article
surveillance tag does not require new surveillance systems or adjustments to
existing equipment, thus it can be utilized by currently deployed AM security
systems regardless of their operating frequency. Millions of tagged items go through these
systems every day. The AM tag is a
familiar product to the retail industry, thus EnXnet’s
passive electronic article surveillance tag should be readily accepted as the
conversion will be transparent in application.
According to a 2002 National Retail Security Survey, theft
from stores, including employee and vendor theft, costs the American public $33.21
billion annually.
It
is estimated that shoplifting occurs 330 - 440 million times per year at a loss
of $10-$13 billion dollars. Nationwide, that equates to 1.0-1.2 million
shoplift incidents everyday at a loss rate of $19,000-$25,300 dollars stolen
per minute.
Mark Pempsell, Director of
Marketing and Senior Product Development Manager for EnXnet,
Inc., had this to say: “We are quite
excited with EnXnet’s passive electronic article
surveillance tag’s unique design and expect that the interest shown by retail
and manufacturing industries, ranging from Fortune 500 companies to smaller
manufacturers and distributors, will develop into a significant profit center
for the Company. Its unique design and
improved performance should speed its widespread implementation. The gross market dimension for EnXnet’s passive electronic article surveillance tag is in
the millions of units per day.”
This release may include forward-looking statements from the company
that may or may not materialize. Additional
information on factors that could potentially affect the company’s financial
results may be found in the company’s filings with the Securities and Exchange
Commission.
Contact:
Ryan
Corley
EnXnet, Inc.
918-592-0015
Fax: 918-592-0016
investor@enxnet.com