Global securities solutions provider MIKOH Corporation Limited (MIK) announced it has entered into a Teaming Agreement with global consulting and technology services firm Accenture. Under the agreement, MIKOH joins Accenture’s team in bidding for the upcoming US Navy and Marine Corps Automatic Identification Technology (AIT) project. The aim of the AIT project is to improve asset visibility within the US Navy’s logistics pipeline. Accenture’s proposed solution will be differentiated through the inclusion of MIKOH’s Smart&Secure and TransitVault technologies, providing tamper evident security in addition to asset tracking and identification. The AIT contract, which is due to be awarded during second quarter of 2011, is expected to have a budget ceiling of US$75M over 5 years, with several incumbents.
According to the Navy Supply Corps Newsletter*, “With a $70 billion inventory, $6 billion of which is in-transit at any given moment, Automatic Identification Technology (AIT) is quickly becoming the cornerstone of the Department of Defense‟s (DoD) plan to improve asset visibility within the logistics pipeline. … There are more than 1,000 Navy and Marine Corps logistics operations, ashore and afloat, that are viable candidates for AIT implementation.”
MIKOH Corporation is a high tech global security solutions provider, specialising in tamper- evident techniques for security seals, smart RFID tags, and encrypted data on networks. MIKOH develops technologies and designs and implements security solutions that identify, seal, authenticate, monitor, track, protect and control all types of sensitive assets, both physical and data/communications. MIKOH Corporation Ltd has its Headquarters in Sydney, Australia, with offices in Canberra and Singapore. MIKOH Corporation (US) has its Headquarters in McLean VA. Accenture is a global management consulting, technology services and outsourcing company. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments.
http://www.traderdealer.com.au/Fundamentals/mik
Tags: Asset tracking, JV Agreement, MIK, Mikoh Corporation, RFID devices




