Parelec Acquires Precision Systems
May 23, 2007
Parelec Inc., Rocky Hill, NJ, a manufacturer of conductive inks for RFID antennas and other direct-printed circuits, announced it has acquired Raanana, Israel-based Precision Systems, a supplier of real-time-location systems. “This represents a significant milestone for Parelec,” says Geva Barash, president and CEO of Parelec. “Our solid grounding in mid-range, passive RFID tag technology can now be coupled with Precision Systems’ expertise in active RFID and real-time location systems to help companies take giant steps toward tracking products from item level to end use. Our focus is on the totally supply-chain visibility, information management, asset tracking, and logistics. The addition of Precision Systems brings us a lot close to that goal.” Parelec is located at 5 Crescent Ave., Bldg. C, PO Box 236, Rocky Hill, NJ 08553-0236, 609-279-0072, fax: 609-252-1288, Web: www.parelec.com.
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