Services & Software

Maker of disposable RFID tags gets millions

The Swedish Industrial Development Fund has invested about $4 million in Cypak, which makes throwaway RFID tags.

Sweden's Cypak, which has developed a throwaway radio frequency identification tag, announced that the Swedish Industrial Development Fund has invested 30 million kronor (about $4 milllion) into the company.

Cypak's RFID tags are designed to be incorporated into paper and other disposable items to enhance security and deter fraud. The technology has already been licensed to the North American packaging company MeadWestvaco for medical packages. The German and Swedish postal services have also tested it out. Infineon is working on tags that can be incorporated into visas and passports.