Precision and Gateway Ticketing Form RFID Aliance

Automated identification software provider Precision Dynamics has formed a partnership with admission control and ticketing software company Gateway Ticketing Systems to provide plug-and-play RFID solutions.

According to a study conducted by Idtechex, the market for RFID, including systems and services was worth $2.77bn in 2006 and it expected to reach $26.23bn by 2016.

The companies said the partnership will allow Precision Dynamics to enter the markets served by Gateway through its RFID wristbands, while Gateway will be able to incorporate a plug-and-play RFID system into its point-of-sale software module.

The alliance follows similar moves last year when Precision formed a partnership with Mississippi-based integrated software and hardware company Ideal Software to provide automated RFID enabled arcade game payments, and also collaborated with electronic locking systems provider Salto Systems to provide electronic access control using RFID wristbands.