Kovio to offer inexpensive NFC Tags to retailers after raising $15 Million

Mobile-commerce-Industry

Kovio, the pioneer business in printed tags, has managed to use new equity financing bringing in $15 million through Tyco Retail Solutions. Tyco is a top asset protection and retail inventory specialist and has, according to both companies, allowed for the funding that Kovio needed in order to “deliver solutions that take advantage of the emerging infrastructure of near field communication enabled devices and printed silicon capabilities”. Retailers receive technology from Tyco to improve their ability to minimize theft, while bettering the overall security of their stores. Moreover, it offers…

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