Advanced ID Receives 2ND Contract From Goodyear for NASCAR RFID Tags for 2007 Season
Market Wire, July, 2006
Today Advanced ID Corporation (OTCBB: AIDO) announced that it has received its 2nd Purchase Order from The Goodyear Tire & Rubber Company to provide the RFID tags embedded in all the racing tires used in the 2007 NASCAR season. This includes the Nextel Cup, Busch and Craftsman Truck series races.
Advanced ID has worked with Goodyear for over a year to develop an RFID tag that meets the challenging requirements of NASCAR racing, and the Goodyear Racing Eagle and Wrangler tires used throughout the 2006 NASCAR season have had embedded Advanced ID tire tags.
According to Dan Finch, President and CEO of Advanced ID, "We are pleased that Goodyear has chosen Advanced ID to supply their NASCAR RFID tire tags for the second consecutive year. Our manufacturing partner, the Hana Microelectronics Group, and Advanced ID are committed to support the Goodyear NASCAR requirements and in serving the tire manufacturing industry as RFID tire tags are deployed throughout the world. Goodyear has been very supportive in the development of the tire tag. This order is instrumental in the overall goal we announced to become the world leader in the tire tag industry."
About Advanced ID Corporation:
Advanced ID Corporation (OTCBB: AIDO) is a complete solutions provider in the radio frequency identification (RFID) market. RFID provides a means for positive identification and trace-back of objects that have been identified with a microchip or RFID tag. The Company's subsidiaries are Advanced PET ID, "The Pet Microchip Company," one of the largest providers of companion animal identification in Canada, and Advanced ID Asia Engineering Co. Ltd., the R&D and Technical Support Company. Since 1994 Advanced ID Corporation has been offering a low frequency (LF) product line of over 100 items comprised of RFID microchips, identification scanners, and a proprietary pet recovery database to the companion animal and biological sciences markets. Advanced ID is also a leader in UHF/RFID technology with a complete line of DataTRAC(TM) livestock tracking and traceability products and UHF/RFID automotive applications. Visit the Advanced ID Corporation website at: www.advancedidcorp.com
About Goodyear:
Goodyear is one of the world's leading tire companies. The company manufactures tires, engineered rubber products and chemicals in more than 90 facilities in 28 countries around the world. Goodyear employs about 80,000 people worldwide. For more information on Goodyear, go to http://www.goodyear.com .
Safe Harbor Statement: Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimate as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the company's judgment as of the date of this release. Advanced ID Corporation does not undertake to update, revise or correct any forward-looking statements.
For more information, please contact: Dan Finch President and CEO Advanced ID Corporation Phone: (403) 252-7984 danf@advancedidcorp.com Peter Laipnieks Advanced ID Corporation Investor Relations Phone: (250) 384-2077 peter4@telus.net
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