Frost & Sullivan recognizes RFID company for annual entrepreneurial award

SSN Staff  - 
Friday, April 8, 2005

COLUMBIA, Md. - Consulting and research firm Frost & Sullivan has selected Matrics Inc., designer and manufacturer of EPC-compliant Radio Frequency Identification (RFID) systems, as the recipient of the Frost & Sullivan Award for Entrepreneurial Company for 2004.

This award is given each year to a company that demonstrates superior entrepreneurial ability in its industry. According to Frost & Sullivan, Matrics was chosen for the award for emerging as the most promising company in the global RFID market.

"In less than five years, Matrics Inc. has become a force to reckon with in the logistics and supply chain segments of the world RFID market," said Karthik Nagarajan, Frost & Sullivan industry analyst.

Frost & Sullivan assessed entrepreneurial ability was assessed using mostly primary research with top manufacturers and end-users in the industry. The firm’s analyst teams also performed extensive interviews with vendors to evaluate its products, business, and marketing plan.