German chemicals firms, ministry in €15m tie-up

27 February 2008 11:41  [Source: ICIS news]

LONDON (ICIS news)--PolylC, BASF, Evonik Industries, Elantas Beck and Siemens announced on Wednesday they are to work with the German Federal Minisrty of Education and Research on a €15m ($22m) project to develop high performance printable radio frequency identification (RFID) tags.

 

The consortium called MaDriX would be a three-year joint project, the companies said in a joint statement.

 

The ministry would contribute approximately €8m to the project, it said.

 

RFID tags contain silicon chips and were mainly used for high-priced products but printed electronic technology would reduce their cost so they could even come to replace printed barcodes, the companies said.

 

($1=€0.67)


By: Lucy Craymer
+44 20 8652 3214



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