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Kovio amplifies NFC with their latest RF barcode technology

06/15/2011 Sam Lambert

Near field communication (NFC) technology has been the driving force behind the adoption of mobile payment methods, but an infrastructure capable of supporting widespread mobile payments is lacking. The lack of an infrastructure has not proven to be a hindrance to companies developing NFC technologies…yet. Kovio, a pioneer of printed silicon electronic technology, is stepping in to make sure this doesn’t happen. They have raised more than $15 million in funding for a project that will take advantage of the fledgling mobile payment infrastructure and improve existing NFC tags. Kovio…

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

06/14/2011 Sam Lambert

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…