CYBRA Corp’s (OTC-BB: CYRP) RFID Technologies Could Revolutionize Many Industries
CYBRA Corporation is a leader in bar code and RFID technology, focused on design and service of automatic identification systems, similar to companies like Intermec Inc (IN) and Zebra Technologies Corp. (ZBRA). Various companies have shown great interest in RFID technologies, which could lead to RFID growth throughout the world. Can RFID technology designs enable company expansion to occur? Can RFID tracking devices provide companies with a more efficient operational control process, enabling cost reduction to be achieved? Will RFID technology replace traditional bar codes?
GROWING RFID MARKET
“We have seen a significant growth in interest for RFID technologies in recent months,” said CYBRA CEO Harold Brand. “We believe that CYBRA remains uniquely poised as, to the best of our knowledge, the only provider of RFID software solutions designed specifically for the industry-leading IBM Power Systems platform, as companies move from speculative pilot programs to real-world implementation.” Growing interest for RFID products has enabled CYBRA Corporation to experience a 30-40% revenue growth, and company expectations predict revenues will increase by an additional 30% in 2011. Global market research firm RNCOS indicated in April 2010 that it expects the global RFID market to grow at a 28%+ CAGR and generate $10.7 billion in revenues by 2013.
INTERNAL CONTROL ASSISTANCE
The Sarbanes-Oxley Act of 2002 required public corporations to assess internal controls and implement any necessary improvements. Internal control is a process designed to help an organization promote efficiency, assure the implementation of a policy, safeguard assets, and avoid fraud. Resources can be directed, monitored, and measured, when using RFID devices. RFID applications can be used in enterprise supply chain management, enabling more efficient tracking and management of inventory.
THEFT REDUCTION
According to the U.S. Department of Commerce, employee dishonesty costs American business in excess of $50 billion annually, causing increased operating costs for many businesses. One of every three business failures occurs from failure to prevent employee theft. Shoplifting may also contribute to business failure, costing retailers about $10 billion annually. Radio-frequency identification (RFID) products offered by CYBRA can provide customers with the ability to monitor goods that are transported, enabling companies to reduce costs incurred from theft. CYBRA RFID systems can ensure a more efficient return on investment, providing companies with a faster operating process.
BAR CODE SUPERSEDED?
The ubiquitous use of bar codes in the global supply chain may one day begin to be superseded by radio-frequency identification (RFID) tags. Unlike bar codes, RFID tags can be read up to several yards away. When using bar codes, inventory must be physically separated and read individually. Many RFID tags can be read at the same time. A whole pallet of cartons can be read with one pass of RFID technology, enabling the process of operation to be substantially reduced by 80%. Also, 30 times more information can be stored when using RFID tags, enabling unique serial numbers to be assigned for each and every item in movement. As powerful as RFID technology is though, it is likely that RFID and bar code technology will continue to co-exist and even complement one another in the supply chain for many years to come.
SUMMARY
Investors may find opportunity for potential growth in RFID markets offered by CYBRA, as its technology may carry production to a whole new level. RFID tags can provide company’s with necessary resources, enabling cost minimization to be achieved. RFID devices can help businesses reduce theft costs, as well as loss time production. Bar codes may someday be superseded by RFID technology. However, for many years to come, hybrid solutions that leverage both technologies side-by-side will deliver enhanced visibility across the supply chain.
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