USM Systems, Ltd. Intellectual Property to be Manufactured, Marketed by Pinnacle Technology Group
31 October 2005
USM Systems, Ltd., developer of Radio Frequency Identification (RFID) solutions, announces that Pinnacle Technology Group, Inc. (Toledo, OH) is licensed to manufacture and market products using USM Systems’ Event Driven intellectual property. Competitive Technologies, Inc. (CTT) granted use of the patents, which are the work of Chester T. Przygoda, Founder and President of USM Systems, Ltd. Competitive Technologies, Inc. is the exclusive licensee of USM Systems’ patented information technology.
USM Systems’ intellectual property enables RFID systems to gather and export data from its collection to an enterprise computer network. The license helps to introduce into the marketplace RFID solutions that let businesses control loss/shrinkage; improve equipment maintenance and record keeping; increase utilization of fixed assets; and manage personnel tracking.
Notes Przygoda, “This licensing arrangement is a logical next step in a measured process to provide cover under our patents to a qualified and capable manufacturer such as Pinnacle Technology Group. Pinnacle and their clients will meet protection criteria for their RFID based products and systems.”
"We are looking forward to working closely with CTT and USMS to further commercialize the products and processes that USMS has developed," said Rick Wasserman, Pinnacle's President and Chief Executive Officer. “Our engineering and manufacturing capabilities will serve to assist USMS in future development."
About USM Systems
USM Systems, Ltd. develops Radio Frequency Identification (RFID) solutions, and holds key intellectual property patents for advanced application of RFID technology. Founded in 1995, the Southfield, Michigan-based Corporation is central to the development of emerging RFID technology that tracks and manages assets and personnel in a range of environments. RFID expertise is concentrated in personnel & asset management to include valuable and sensitive asset tracking; finished goods tracking; mobile equipment tracking; event-driven data collection; and configurable reporting/action. www.usmsys.com.
About Pinnacle Technology Group, Inc.
Pinnacle Technology Group, Inc. is a multi-faceted manufacturing and technology development company with locations in Toledo, Ohio and Ann Arbor, Michigan. The company, started in 1964, provides development, engineering, and manufacturing services for a variety of clients across a wide cross section of industries. Included in its service capabilities are design and manufacturing support embracing a variety of RF driven solutions. www.pinnacletec.com.
Source: PR Web
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