EIPC has non-exclusive license and distribution agreements for its S/Cap® RFID tag technology with different companies. One of these companies has been working with us for quite a while (since March 2013) on a modification (of sorts) to the S/Cap® concept.
This effort has resulted in a series of upcoming products that will be aimed at related, addressable market opportunities that could total in the hundreds of millions of dollars, possibly approaching a billion dollars.
The initial customers are overseas governments. We are working with a partner that has been around the block with these potential customers, has sold RFID-related products to them and is well connected. They are well-versed in the market.
There are approvals required to sell these products to these government and we have received most (not all, yet) of the authorizations we need.
As we said, this is a huge opportunity and, as you might expect, the competition could be fierce. And, because of that, we have entered into some rather stringent non-disclosure agreements to help protect our advantage. This is why this post lacks detail and is so vague and cryptic.
We plan to unveil the products and commence sales next year.