|
|
Overview
Highlights
Profile
Marketing
Industry
News
Chart
Management
Contacts
|
|
|
|
|
|
|
|
|
| | "The
Company has been actively involved with government and industry projects
establishing livestock identification and trace back solutions in
Australia, Canada, Brazil, Argentina, Thailand, Taiwan, China and the
United States."
|
| |
|
| |
|
|
|
| Approximate
Financial Snapshot as of 9/29/08 |
|
| Shares
Outstanding |
62.9M |
| 52
Wk Hi/Lo |
0.35/ 0.13
|
| Market
Cap |
$7.6M |
| Recent
Price |
$0.12 |
|
|
|
|
|
|
|
Advanced
ID Corp. (AIDO)

Website:
www.advancedidcorp.com
'AIDO
currently supplies more than 3,000 organizations, including animal shelters,
veterinarians, breeders, government agencies, universities, zoos, research
labs and fisheries with RFID devices for companion animals.
The
Company’s microchips have been implanted in more than 500,000 animals and
are being used to track nearly 1 million animals in the PETtrac database.'
Overview
Advanced ID Corp. (AIDO)
is a complete solutions provider in the RFID market with a focus on
the tire management industry. The company is also a major factor in the tire
inspection business through its UK based Pneu-Logic subsidiary. Lastly, the
Company is active in the pet recovery business through its AVID Canada
subsidiary in Calgary, Alberta, which is reintroducing its livestock tagging
product line in several countries and has developed a UHF RFID reader
product line for all market applications.
AIDO
Investor Highlights
- Second
Quarter revenues Increase 90%. Business Expands to China, Taiwan,
Portugal, UK, Germany, US, Brazil & Mexico. New Distribution
Agreements Bring Products to India and Indonesia
- After agreeing to purchase 2 million of
the AIDO's UHF/RFID chips, Qingdao, China-based Qingdao Mesnac Co.,
became the world’s first tire manufacturer
to commit to embedding RFID tire tags in a commercial truck line.
- As part of its expansion in the region,
AIDO acquired 20% interest in its Brazilian distribution partner.
- The Company’s
UHF/RFID reader business secured ten new customers for reader sales and
continues to gain worldwide acceptance.
- AIDO currently supply over 3,000
organizations such as animal shelters, veterinarians, breeders,
government agencies, universities, zoos, research labs and fisheries
with RFID devices for companion animals, equines, bovines, llamas,
alpacas, ostriches, aquatic species, reptiles, migratory and endangered
species. The Company has implanted microchips in over 500,000 animals
and currently tracks nearly one million animals in their pet recovery
database, while reuniting numerous lost pets with their families each
month.
- The Company has been actively involved
with government and industry projects establishing livestock
identification and trace back solutions in Australia, Canada, Brazil,
Argentina, Thailand, Taiwan, China and the United States.
- The Company uses low frequency radio waves
for companion animal recovery and is the second largest player in the
Canadian companion animal and biological sciences market, with an
estimated 40% market share.
- The Company is making the transition from
being a provider of pet recovery systems to offering global RFID
solutions for asset management applications. AIDO’s tracking systems
are being tested in asset management applications by major companies in
the tire, document management, pharmaceutical, vehicle ID, food services
and general retail industries.
- AIDO also sells UHF identification tags
for tires. Goodyear Tire and Rubber Company is its major customer. I
- AIDO’s revenues increased 123%
year-over-year to $424,955 in the first quarter of 2008, reflecting
increased sales to animal shelters, expanding reader sales and sales of
the Company’s new PR500 reader. Revenues were also positively impacted
by the Pneu-Logic acquisition. AIDO attributed 34% of first quarter 2008
revenues to sales by its Canadian Companion Animal/Biological Sciences
division and the remaining 66% to worldwide sales made by its Ultra High
Frequency division.
- Beacon Equity Research expects AIDO to
report revenues of approximately $2.6 million in 2008 and $5.1 million
in 2009.
- Beacon Equity Research initiated coverage
of AIDO with a Speculative Buy rating and a $0.35 price target at the
end of August 2008.
- AIDO has also emerged as a major player in
the RFID tire tag/patch business; revenues associated with this business
line are growing at double and triple-digit rates. The Company has
already announced a multi-million dollar purchase agreement with Mesnac
in China, as well as similar agreements for Europe, Brazil, Mexico,
Venezuela, Indonesia, India and Malaysia.
- According to research company IDTechEx,
the value of the RFID market is likely to rise to $5.3 billion in 2008
from $4.9 million in 2007. By 2018, the market is forecast to grow
five-fold and the number of tags supplied will increase 300-fold, driven
by the development of lower cost tags and an installed infrastructure,
which will enable high volumes of tagging.
- In 2005, the Company went in a new
direction with its UHF RFID products and entered the tire RFID business.
The Company was successful in getting a contract from Goodyear to supply
the tire tag that is embedded in every Racing Eagle Tire that is used on
the NASCAR circuit. The Company won the 2006-2007 contract and have
recently confirmed the 2007-2008 season.
Profile
AIDO develops, manufactures and sells
microchip identification devices, referred to as RFID microchips and
readers, to the livestock and companion animal markets, and supply chain
management applications. In the second quarter of 2004, the Company began
commercializing its animal tracking products under the brand name DataTRAC™.
RFID enables the positive identification and location tracking of animals or
objects that are tagged with RFID microchips. The Company currently supplies
more than 3,000 organizations, including animal shelters, veterinarians,
breeders, government agencies, universities, zoos, research labs and
fisheries with RFID devices for companion animals, exotics, equines,
bovines, llamas, alpacas, ostriches, aquatic species, reptiles, migratory
and endangered species. The Company’s microchips have been implanted in
more than 500,000 animals and are being used to track nearly 1 million
animals in the PETtrac database.
AIDO also sells UHF identification tags for tires. Goodyear Tire and Rubber
Company is its major customer. In addition, tire tag and tire patch sales
have been made to value-added resellers in several countries for trial or
pilot runs. Tire tag readers are sold to tire manufacturers and resellers in
India, Canada, Mexico, Venezuela, Australia, Japan and the United States.
Michelin U.S. has purchased multiple readers.
AIDO recently secured approval for its new, lower cost ISO chip made by
SOKYMAT. The significant cost savings associated with this new ISO standard
chip will allow the Company to reduce tag prices in Canada and other
countries, thus spurring higher sales. AIDO has also developed a new LF
reader for companion animals with language-specific readout capabilities
that will be made available in several countries.
In its tire ID product line, AIDO is collaborating with Hana and others
manufacturers to introduce products that will serve the tire management
industry worldwide. The addition of Pneu-Logic’s tire inspection tools to
AIDO’s RFID tire management product line creates a unique, vertically
integrated product offering that will prove attractive to tire manufacturers
and retailers. AIDO plans to focus its resources on securing a leadership
position in the tire tagging market to capitalize on growth as this market
matures and reaches high volume levels.
Additionally, AIDO has developed high power, long range UHF RFID readers
that are being sold for supply chain management and tire tag applications.
AIDO’s readers are priced at half of the cost of a competitor’s
equivalent product. The Company also designed a lower cost, mass market UHF
RFID reader that will retail at half the price of AIDO’s current readers.
Management believes the UHF RFID reader market will follow a path similar to
the UPC bar code reader market. The UPC barcode business did not take off in
the 1970-1980s until reader prices fell below $100. AIDO plans to introduce
a $100 UHF RFID reader. The Company has completed development of its new
lower price PR 500 reader, and has installed it at bookstores in Portugal
and Spain. During 2008, the Company plans to market the new reader for a
variety of industry applications.
For
the latest Quote and News on AIDO visit
here
Marketing
and Distribution
AIDO has already established strong
distribution channels in the Canadian companion animal and biological
sciences markets, and intends to extend its reach by forging relationships
with additional veterinary professionals across Canada. At present, the
Company has relationships with Associate Vet Purchasing, Western Drug
Distribution Center, Vet Purchasing, Canadian Kennel Club and Centre de
Distribution de Medicaments Veterinaires. None of these relationships
involve contractual agreement or volume commitments. Additionally, AIDO is
expanding its sales efforts into several Asian countries, including China,
Taiwan and Thailand.
During 2007, Goodyear Tire and Rubber Company accounted for more than 10% of
AIDO’s revenues. The Company plans to market its tire management product
line, UHF RFID reader line, and Pneu-Logic product line, both direct and
through third-party resellers on a global basis.
Between 2006 and 2008, AIDO signed agreements with 18 distributors in 16
countries. Major distributors include: Aresnault Associates and Meyers in
the United States; EDP in France; REMA Tip Top in Germany; Kit Loong in
Malaysia; Suar Group in Indonesia; Syncroft in India; ODEM in Israel;
CODEBAR in Venezuela; Right Size Informatica in Brazil; and Entyrety in the
United Kingdom. The Company is seeking additional distributor relationships
in countries not yet represented.
AIDO intends to become a price-performance leader in all of its market
segments. Keeping low prices discourages competitors from entering the
market, while still allowing AIDO to earn a healthy margin. This strategy
should help the Company garner market share in both the pet recovery and
tire management markets.
In July 2008, AIDO announced a partnership with its largest distributor in
Brazil to establish Advanced ID, Brazil Ltd. Brazil is one of the world’s
fastest-growing markets for RFID supply chain management. AIDO’s products
and solutions are being marketed for tire management, pharmaceutical,
document control, and other asset management and tracking applications.
AIDO has also formed a new Hong Kong subsidiary, Advanced ID Asia Pacific
Co. Ltd., to serve as the Company’s regional headquarters in the Asian
market. China has emerged as a leader in implementing RFID technology in the
tire sector and for other asset management applications. China is the
world’s largest tire-producing nation, with 205 million tires manufactured
in 2006, according to Tire Business magazine.
In April 2008, Qingdao Mesnac Co. Ltd., a leading Chinese tire production
equipment and software maker with significant tire manufacturing operations,
became the first tire manufacturer to embed AIDO RFID tire tags in a
commercial truck tire line. Mesnac has committed to purchasing a minimum of
2 million RFID tire tags and a quantity of RFID readers from AIDO.
AIDO originally entered the Asian market in late 2007 through a strategic
relationship with Kit Loong Tyre Management of Malaysia. Kit Loong has
signed an exclusive, three-year commitment contract for AIDO RFID and Pneu-Logic
tire inspection products. Kit Loong is one of Southeast Asia’s largest
tire retreaders and tire distributors, working with Goodyear, Dunlop,
Michelin, Bridgestone, BF Goodrich, Pirelli, Continental Sime and Cooper
Tire. As part of the agreement, Kit Loong agreed to initially purchase $1.8
million of Advanced ID tire products. Kit Loong’s territory includes
Greater China, Malaysia, Singapore, Brunei, Thailand, Indonesia,
Philippines, Vietnam, Cambodia, Laos and Myammar.
Industry
Outlook
The global market for RFID technology has
been growing steadily in recent years. According to IDTechEx, the value of
the RFID market is likely to increase to $5.3 billion in 2008 from $4.9
million in 2007. The RFID market includes tags, readers and
software/services for RFID cards, labels, fobs and all other form factors.
Within the RFID industry, a major part of the growth has come from
existing applications such as security/access control, automobile
immobilization, animal tracking and toll collection. However, emerging
applications in security-based solutions, contactless payments, and supply
chain management are in late testing stages and are expected to present
significant new market opportunities. In particular, use of RFID
technology in conjunction with contactless payment cards and Wi-Fi has
emerged as a substantial opportunity for RFID vendors.
For example, China is issuing each citizen a national RFID ID card. The
tagging of pallets and cases by retailers in the United States will use
approximately 325 million RFID labels in 2008. According to IDTechEx, the
technology is also being embraced by retailers outside the United States.
British retailer Marks & Spencer has used well over 100 million RFID
tags to-date. The tagging of animals (such as pigs and sheep) is quickly
becoming a legal requirement in many countries, with 90 million livestock
tags deployed in 2008.
By 2018, the RFID market is forecast to grow five-fold, and the number of
tags supplied will increase 300-fold, driven by the development of lower
cost tags and installed infrastructure, which will enable high tagging
volume.
In 2008, it is estimated that 57.3% of the total market value for RFID
will be spent on cards and associated infrastructure, with $2.3 billion of
the $5.3 billion total spent on all other forms of RFID - from RFID labels
to active tags. By volume, the tag part of the RFID market is dominated by
labels or label-like tags (such as tickets), which represented 62.4% of
the tag types shipped in 2008. These tag types are expected to represent
99.1% of the market by 2018.
As of early 2008, more than 6.0 billion RFID tags have been sold
worldwide. IDTechEx estimates 2.16 billion tags will be sold in 2008
versus 1.74 billion in 2007 and 1.02 billion in 2006.
Although the United States remains North America’s RFID leader, its
overall share of the market will likely decline in the future due to
Canada’s booming RFID market. Corporate funding and government support
are fueling growth in the global RFID industry.
In the near future, significant additional growth is likely to come from
Asian countries like China and Japan. Supply chain applications for UHF
RFID are growing, and China has the world’s largest low cost
manufacturing infrastructure. The item-level tagging market is forecast to
grow 55% annually between 2006 and 2016.
Pet Industry Trends
According to the American Pet
Products Manufacturers Association (APPMA), pet ownership is currently at
its highest level ever, with 63% of all U.S. households owning a pet, or
more than 71 million households. That's up from 64 million in 2002 and 51
million in 1988 when APPMA first began tracking pet ownership.
U.S. pet industry expenditures are forecast to grow 6% annually over the
next several years. By the end of 2007, total pet industry spending was
estimated at $41 billion. The steady increase in spending on pets and pet
ownership confirms that many Americans consider their pet a treasured member
of their family.
Recent
News and Press Releases
Advanced
ID Anticipates 400% Increase in 4th Quarter Revenue with Acquisition of
Shenzhen DDCT Technology Co.
Advanced
ID Acquires Shenzhen, China Corporation
Advanced
ID Subsidiary Secures New Sales Channel
Advanced
ID Subsidiary Creates First Paperless Tire Audit System in Europe
EDP
and Advanced ID's Pneu-Logic Plan Major Growth in Rest of 2008
Advanced
ID Inks Acquisition Letter of Intent in China, Bolsters Market Penetration
in Region
Advanced
ID Corporation Reports Solid Second Quarter Results
ADVANCED
ID CORP Files SEC form 10-Q/A, Quarterly Report
Advanced
ID Continues its Asian Expansion into Taiwan
Advanced
ID Acquires 20% Interest in Brazilian RFID Company
Advanced
ID Announces Opening of Asian Offices
Advanced
ID Applauds U.S. NHTSA's Consumer Advisory on Tire Safety
Chart
Management
Dan Finch - President
and CEO, Advanced ID Corporation
Dan Finch has 25 years of executive level
management experience starting and growing companies in wireless HSIA and
VoIP phone technology, high-speed internet infrastructure and financial
services for pre IPO high tech companies. Dan Finch started Westell in
suburban Chicago and left as it became a NASDAQ company. Dan Finch lead a
division of DSC (now Alcatel) that designed and manufactured the cell
switches for Motorola, under the Motorola brand. Sales of Dan’s unit
exceeded $350 million per year. While serving as President of C-COR
Electronics he was responsible for increasing revenue from $65 million to
$135 million in two years in the mid 90's. Dan Finch’s educational
background includes an MBA, Finance and Economics from University of
Chicago, a BS in Physics from the Indiana Institute of Technology and
certification in Technical Management from the University of California,
Berkeley.
Laren Yeomans - Managing Director, Pneu-Logic Ltd.
Laren Yeomans, 40, is married with 5
children, graduated from Paget High School and Burton Technical College in
1989 with a host of business related qualifications. During the next 20
years Yeomans gathered a vast range of commercial experience within
Electronic based manufacturing companies, working his way up from Production
Supervisor to Production Director with Y & S Products. During the past 8
years, Yeomans has been involved in high level sales presentations and
negotiations with blue chip organizations such as QVC, Michelin and
Goodyear. Lately Yeomans has headed Pneu-logic Ltd as Managing Director,
concentrating on a sales orientated organization, which resulted in a net
profit increase of over 200 % in his first year.
Seymour Kazimirski, Chairman of the
Board, Director
In 1995, Mr. Kazimirski established Hawaii
Pet Care Alliance, which is involved in RFID for companion animals and where
he continues to serve as president. From 1995 to 1998, Kazimirski provided
consulting services to AVID Inc., a manufacturer of RFID microchips and
readers. In 1993, Kazimirski established a global consulting business
specializing in finance, administration and marketing. In 1980, Kazimirski
founded Florexotica International Inc., an import/export business acquiring
products from Asia and Europe and reselling them to U.S. military and major
retail stores.
Gottfried Auer - Managing Director, Advanced ID Asia Engineering Co.
Ltd.
Gottfried Auer's engineering experience spans
the globe from Europe to Asia. Educated in Germany with a keen interest in
RFID applications along with the Asian market, Gottfried established his own
engineering consulting group in Thailand. He soon developed a strong
reputation locally as well as internationally for providing expert advice on
the development of new products and applications. His reputation and
invaluable network of contacts in Asia captured the attention of the
Advanced ID Corporation who purchased a majority stake in his company.
Sudeep Bhargava - Vice President Operations/COO, Advanced ID
Corporation
Sudeep Bhargava has enjoyed a broad
background in management in the hospitality, arts and companion animal
businesses, both in India and Canada. He is a Certified Management
Accountant and is especially skilled in determining financial benchmarks and
controls, forecasting and reporting. He was previously with the Calgary
Humane Society and approached the pet recovery business from a pet shelter
perspective. This experience is valuable as Sudeep's responsibilities
include administering Advanced ID's pet recovery business from a product
provider view.
SEC Filings
AIDO filings with the SEC can be found here.
All Fillings are current and the Company is fully reporting.
Contacts
Advanced ID Corporation
4500 – 5th Street NE
#200 Bay 6
Calgary, Alberta
Canada T2E 7C3
Phone: (403) 264-6300
Web: www.advancedidcorp.com
E-mail: danf@advancedidcorp.com
SmallCapReview.com
feature stock reports are intended to be stock ideas, NOT recommendations.
Please do your own research before investing. It is crucial that you at
least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents
filed with the SEC, the company website and other publicly available
sources deemed reliable. For more information see our disclaimer section, a
link of which can be found on our website. This document contains
forward-looking statements, particularly as related to the business plans of
the Company, within the meaning of Section 27A of the Securities Act of 1933
and Sections 21E of the Securities Exchange Act of 1934, and are subject to
the safe harbor created by these sections. Actual results may differ
materially from the Company's expectations and estimates. The information
provided in this report is not intended for distribution to, or use by, any
person or entity in any jurisdiction or country where such distribution or
use would be contrary to law or regulation or which would subject us to any
registration requirement within such jurisdiction or country.
Copyright
SmallCapReview.com. All rights reserved. SmallCapReview.com is not a
Registered Broker/Dealer or Financial Advisor, nor do we hold ourselves out
to be. All materials presented on our website and individual reports
released to the public through this website, e-mail or any other means of
transmission are not to be regarded as investment advice and are only
for informative purposes. Before making a purchase or sale of any securities featured
on our web site or mentioned in our reports, we strongly encourage and
recommend consultation with a registered securities representative.
This is not to be construed as a solicitation or recommendation to buy or
sell securities. As with any stock, companies we select to profile involve a
degree of investment risk and volatility. Particularly Small-Caps and
microcap
stocks. All investors are cautioned that they may lose all or a portion of
their investment if they decide to make a purchase in any of our profiled
companies. Past performance of our profiled stocks is not indicative of
future results. The accuracy or completeness of the information on our website or within our reports is only as reliable as the sources they were
obtained from. The profile and opinions expressed herein are expressed
as of the date the profile is posted on site and are subject to change
without notice. No investor should assume that reliance on the views,
opinions or recommendations contained herein will produce profitable
results. SmallCapReview.com may hold
positions in securities mentioned herein, and may make purchases or sales in
such securities featured on our web site or within our reports. In order to
be in full compliance with the Securities Act of 1933, Section 17(b),
SmallCapReview.com will disclose in it's disclaimer, what, if any
compensation was received for our efforts in researching, presenting
and disseminating this information to our subscriber database and featuring
the report on the SmallCapReview.com website. SmallCapReview.com
has been compensated five thousand dollars by a third party APS for its efforts in presenting the
Advanced ID Corp. profile on its website and distributing it to its
database of subscribers. SmallCapReview.com
may decide to purchase or sell shares on a voluntary basis in the open
market before, during or after the profiling period of this report.
We
encourage our readers to invest carefully and read the investor information
available at the web sites of the Securities and Exchange Commission (SEC)
at: http://www.sec.gov
and/or the National Association of Securities Dealers (NASD) at: http://www.nasd.com
. Readers can review all public filings by companies at the SEC's EDGAR
page. The NASD has published information on how to invest carefully at its
web site.
|