OVERVIEW

OrganicID was founded in December 2003 and has quickly established itself as a leader in the field of organic electronics. The Company has established a world-class team with expertise in organic electronics, print manufacturing, and RFID circuit design which allows the company to achieve performance and price point that have not yet been achieved by the industry.

RFID
A RFID tag is a small, integrated circuit that communicates with a reader via radio communication. RFID tags do not require contact with the reader, nor do they require the line of sight that bar code technologies rely upon. As a result, RFID has the potential to replace bar codes by improving visibility of inventory in near real time, and materially changing how inventory is managed in warehouses, in transit, in distribution centers, and even on store shelves and checkout counters.

Industry Need
Major consumer product companies and retailers ship hundred of billions if not trillions of units of goods annually. To the extent that RFID can become the tracking method of choice for an increasingly larger percentage of that volume, there is considerable upside potential relating to the RFID space. Although used more and more in inventory management today, RFID technology has not become a replacement for optical bar codes primarily due to the relatively high cost of producing each tag. Currently, RFID tags are produced with traditional silicon technologies at a cost of $0.30 - $1.00 per tag. In order to become a ubiquitous replacement for bar codes, it is estimated that the purchase price of the tags must come down to a few cents or less. As traditional silicon RFID technology is unlikely to ever achieve such price points, OrganicID is developing low-cost, printable, integrated circuits using organic materials. The Company expects to bring price points down to less than $0.01 and thereby enable the use of RFID tags in item level tracking.