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Clavis Technologies Signs MoU With UbizValley to Jointly Develop RFID Mobile Service SystemSEOUL, South Korea, Dec 2, 2011 (GlobeNewswire via COMTEX) -- Clavis Technologies International Co., Ltd. (OTCBB:CTLH), a leading provider of RFID-enabled solutions to various industrial markets, today announced that the Company has signed a Memorandum of Understanding (MoU) with UbizValley to jointly develop its RFID Mobile service system. As outlined in the agreement, Clavis Technologies will lend its expertise in RFID Mobile business areas and secure a partner that focuses on R&D in mobile solutions. Clavis Technologies will develop the RFID system with applications while UbizValley will develop the mobile and internet programs within the RFID system. Mr. Hwan Sup Lee, CEO of Clavis Technologies, commented, "We are excited to join forces with UbizValley to create its RFID mobile service system. With our expertise in RFID technologies and their experience in internet technology for RFID, I believe that this will be a very successful endeavor which will lead to increased business in this area in the future." About UbizValley Co., Ltd. UbizValley Co., Ltd. has developed a mobile web site to be used in a Fixed Mobile Convergence (FMC) environment for public institutions, telecommunications and enterprises. UbizValley Co., Ltd was awarded the 2010 Global ICT Public Section Excellence Award from World Congress on Information technology (WCIT). To learn more about UbizValley, visit www.ubizvalley.com. About Clavis Technologies Clavis Technologies Co., Ltd., a wholly owned Korea-based subsidiary of Clavis Technologies International Co., Ltd. ("Clavis Technologies") is a pioneering vendor of RFID technology since its inception in 2003, providing RFID-enabled solutions, including business processes, based on the EPCglobal standards to various industrial markets. With clients such as IBM Korea, SKC, Alien Technology Asia, KT Networks, NextID, Clavis Technologies combines its products, expertise, partnerships and integration capabilities to enable companies to effectively utilize the wealth of data captured by networked devices such as RFID readers or handhelds, extending the quality of valuable information to any device used by the companies or their customers. To learn more about the Company, visit www.clavistech.com This news release was distributed by GlobeNewswire, www.globenewswire.com SOURCE: Clavis Technologies International Co., Ltd. CONTACT: Clavis Technologies International Co., Ltd. 9900 Corporate Campus Drive, Suite 3000 Louisville, KY 40223 Tel : 502-657-6060 Fax : 502-657-6004 [email protected] |