Paragon ID: Paragon ID strengthens its real-time geolocation technologies with the acquisition of the assets of the French company Uwinloc – 01/04/2023 at 18:00

  • 23 patents, including “technology building blocks” for harvesting radio frequency energy that allow tags to operate without a battery

  • The solution, called MahVis, is dedicated to the precise geolocation of material being transported by forklifts

  • The use of real-time geolocation solutions is already being used successfully by around thirty large industrial customers

Paragon ID (Euronext Paris – FR0013318813 – PID)

European leader in identification solutions for the e-ID, transport & smart cities, traceability & brand protection and payment markets, announces the acquisition of the business and assets of Uwinloc, a French provider of traceability solutions with battery-free tags based on radio energy collection.

Based in Toulouse (France), Uwinloc was founded in 2015 with the aim of bringing IoT technology (

internet of things

– Internet of Things) capable of digitizing and facilitating the management of equipment and stocks in indoor and outdoor warehouses and storage areas.

Uwinloc was developed within the Airbus Bizlab and has 23 patents pending since its inception. The company, winner of multiple innovation awards, is a pioneer in radio energy capture and storage technology that enables tags (

keywords

) to work without batteries and with a reduced infrastructure, a real revolution in the field of traceability. Concretely this means

keywords

based on ultra-wideband (UWB), less costly in terms of deployment and offering the possibility of using a greater number of devices (materials, tools, manufactured parts, containers, etc.)

With more than 30 customers and a presence in five countries (including a subsidiary in the United States), Uwinloc has partnered with major industrial groups to develop a real-time geolocation solution called MahVis, contained in crates attached to forklifts, eliminating the need a fixed infrastructure.

Objective: Reduce the cost of deploying and using real-time traceability technologies

Paragon ID launched its RTLS business (

real-time tracking systems

– real-time tracking systems) in 2018 with the acquisition of UK-based company RFID Discovery to provide real-time tracking of equipment in industrial and medical settings, specifically in more than 100 hospitals and many industrial and logistics companies, both in the UK and in France.

The acquisition of the French start-up Apitrak in May 2021 accelerated the development of RTLS solutions in the cloud and facilitated the international development of a multi-technology platform in SaaS mode (

software as a service

), for industrial companies and the medical sector.

In July 2022, the acquisition of Tracktio allowed Paragon ID to extend its solutions to other technologies such as GPS, LoRa, UWB, Quuppa and optical identification, and to strengthen its offer thanks to the software platform (SaaS) TrackSphere

TM

in the fields of industry, mining and logistics.

With this acquisition, Paragon ID expands its industrial offering with a battery-free RTLS system: a greener and more cost-effective alternative without sacrificing accuracy.

The MahVis system thus perfectly complements the existing range for the industrial sector. The aim is to integrate the MahVis solution into the TrackSphere software

TM

: a complete geolocation platform capable of integrating all the technologies currently available on the market, providing the most suitable solutions for a wide range of industrial applications.

Clem Garvey, Managing Director of Paragon ID, says:

“The acquisition of the assets of Uwinloc is an opportunity to expand our offering of real-time device location with revolutionary patented technology. The teams at RFID Discovery look forward to providing tag-based, real-time location solutions that completely eliminate the need for batteries and thus cost constraints that could hamper the implementation and expansion of flow digitization systems, while making these solutions more sustainable.


About Paragon ID


Paragon ID is a champion of identification solutions for the e-ID, Transportation & Smart Cities, Traceability & Brand Protection, and Payments markets. Paragon ID employs nearly 650 people and has manufacturing facilities in close proximity to its customers throughout the United States and Europe.

Listed on Euronext Paris (Euronext Paris – Name: Paragon ID – ISIN code: FR0013318813 – Mnemonic code: PID), Paragon ID’s reference shareholder is Paragon Group, a leader in commercial communications, identification solutions and graphics services. The Paragon Group achieved sales of 1.5 billion euros and employs more than 9,000 people. Paragon Group combines its long experience with the latest innovations in technology and intelligent data to enable fast and relevant interactions between companies and their customers. For more information: Paragon-europe.com.

Visit Paragon-id.com for more information.

contacts

Paragon ID


Clem Garvey

general director

Such. : +33 (0)2 48 81 61 00

[email protected]

NEWS Finance & Communication

Investor Relations


Matthew Omnes

Such. : +33 (0)1 53 67 36 92

[email protected]

NEWS Finance & Communication

press work


Nawel Naamane

Such. : +33 (0)1 53 67 36 34

[email protected]


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Complete and original press release in PDF format:

https://www.actusnews.com/news/77873-paragon-id_cp_uwinloc_04012023_fr-vdef.pdf

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