News | April 28, 1999

EI2 Acquires RFID Systems

Electronic Identification Inc. (EI2), a Nevada corporation, has acquired Delaware-based RFID Systems Corp., which will cease to exist as a result of the acquisition.

The acquisition will focus the new team on various projects in the Kingdom of Saudi Arabia. EI2 has formed a partnership agreement with a multinational company as its main systems integrator and hardware supplier for the Saudi projects. The agreements involve the rollout of the proprietary solution, Epics, which will be used in several applications in the Middle East and specifically in Saudi Arabia.