Number of employees
7
Annual revenue
$2640000
In 2002, the founders of Awarepoint™ recognized that despite the tremendous potential of active RFID technologies to improve operational efficiency in medium and large businesses, there were no solutions on the market that offered good performance and were simultaneously affordable. On one hand, there were systems that offered high performance but were expensive due to the high cost of infrastructure, and the other hand, there were systems that were affordable but offered inadequate performance. The founders of Awarepoint™ felt that neither of these options was ideal. As such, the potential benefits of active RFID were not being fully realized and the adoption rate was slower than expected.