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CNBC Reports 300K Pieces of Luggage Lost Monthly; Airlines Urged By RFID, LTD. To Test BagChip

Posted on: Thursday, 21 December 2006, 15:00 CST

A CNBC report last night on "On the Money" with Liz Claman reported that 300,000 pieces of luggage were lost by airlines in October 2006. RFID LTD. (OTC:RFDL) is urging airlines to participate in tests of their BagChip solution.

Currently only two airports worldwide use RFID-type baggage tags with only one of those airports being U.S. based.

Luggage affixed with a BagChip at the airport-check-in and is subsequently misplaced by an airline, baggage handlers driving airport Tug Carts would quickly find the piece by scanning baggage inventory using hand-held range readers.

"We plan to aggressively pursue all airlines by offering tests at airports to prove how easily the BagChip system works," notes RFID, LTD. president Nicholas Chavez.

Airlines are currently spending approximately $100 million a year to retrieve and deliver lost baggage to owners' destinations.

"Implemented properly, BagChip can also be used as a means of capturing an additional revenue stream from advertisers who wish to market to travelers," continued Chavez.

Airlines will have the ability to view and test the BagChip solution by RFID, LTD. at select airports. Interested airlines and airports should call 303-663-9519 or email info@rfid-ltd.com for more information.

About RFID, LTD.

RFID LTD. (OTC:RFDL) formulates, tests and deploys vendor neutral UHF radio frequency identification (RFID) solutions. RFID LTD. is proud to have relationships with RFID industry heavyweights Zebra Technologies (NASDAQ:ZBRA), Symbol Technologies (NYSE:SBL) and Alien Technologies (NASDAQ:RFID).

All company and product names may be trademarks of the respective companies with which they are associated.

Forward-looking Statements: This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.

Source: Business Wire

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