TagMaster acquires rights to P R China market

On the 15 April 2003, TagMaster concluded a market agreement with TagMaster China Ltd in which TagMaster AB assumes all marketing rights to the P R China market. Through this agreement TagMaster AB is now in a position to continue the development of the Chinese market from where TagMaster China Ltd have reached.
TagMaster-Logo.jpgTagMaster China has during the last four years invested in the development of this market through trade shows, seminars, the appointment of representatives and through numerous customers meetings. As a result the TagMaster products are now installed throughout the developing cities and provinces such as Beijing, Shanghai, Jiangsu and Guandong. It is primarily in
applications such as bus traffic, parking access, light rail and waste management where references are available.

With partners operating from Beijing and Shanghai who both manage their own network of sub system integrators the coverage for this market is in place.

We find that the time is right considering the product, marketing and production capacity we now have available in combination with the rapid development which takes place in China, says Magnus Rehn, President of TagMaster AB. With a network of partners and several valuable reference installations the TagMaster name have been well established in this market and it is a good opportunity for us to leverage on the work that has been done.

About TagMaster

TagMaster was formed in 1994 and is based in Kista, Sweden. TagMaster designs and markets advanced, long-range radio frequency identification (RFID) products and information services associated with automatic identification. Application areas for TagMaster’s products include vehicle access and parking, public transportation, logistics and security. TagMaster exports to Europe, Asia and North America, through a global network of partners, systems integrators and distributors. TagMaster shares are traded in Sweden by Stockholm Fondkommission.

For additional information, please contact:

Mangus Rehn, Managing Director, TagMaster AB
E-mail: magnus.rehn@tagmaster.se
Tel: +46 8 632 19 50
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