The Board of MIKOH Corporation Limited (MIK) advises that MIKOH has signed a marketing and sales agreement with Global Safety Solutions & Management Pty Ltd to supply Smart&Secure tamper-indicating RFID tags for integration into its line of personal protective equipment and apparel. MIKOH’s Smart&Secure tags will be used to tag each item of protective equipment enabling enhanced supply chain management, in-use asset and personnel tracking, and chain of custody applications after deployment in the field.
GSSM believes the introduction of a tamper evident RFID asset management system using MIKOH’s patented Smart&Secure technology will prove an important differentiator in its target markets. The agreement provides GSSM an initial 18 month period of exclusivity to market the Smart&Secure tamper evident tag solution in the US, Europe, and other countries where GSSM operates or may develop operations. To maintain exclusivity, GSSM must meet agreed sales targets at 12 and 18 months. GSSM will initially pursue several specific applications that it has identified. These represent a fully developed volume potential in excess of 10 million tags per year.
Dr. Peter Atherton, the Company’s founder, and who has been solely responsible for winning this contract, said that it was a significant breakthrough for MIKOH as it was technology outside the first high volume opportunity for MIKOH’s Smart&Secure technology the vehicle identification market.
Headquartered in Australia, with offices in the US and Europe, GSSM is a Safety Solutions provider to critical need industries. The company is Australia’s leading manufacturer and provider of certified personal protective equipment, inclusive of industry-specific solutions for chemical splash, nuclear-biological-chemical contamination, rainwear and thermal protection, safety clothing, asbestos protective garments, disposable coveralls and others. GSSM offers fit-for-purpose solutions to military, law-enforcement, petro-chemical, oil and gas, mining, transport and manufacturing industries and has customers operating on every continent.