Canadian company Terepac plan to produce large volumes of its micro circuits for the "Internet of Things" — uniquely identifiable objects and their virtual representations in an Internet-like structure using radio frequency identification (RFID).
Based on an agreement with Rockwell Automation who will support the infrastructure, Terepac will use their technology to miniaturize significantly more circuits than its current capability.
Terepac's TereTag™ allows virtually any object to become part of the "Internet of Things". The tag, embedded unobtrusively in its host, provides a wide range of capabilities to identify, communicate, and operate with more security and efficiency.
The company tested the tiny devices by implanting them in logos, hats and drink coasters. By simply tapping the tag with a cell phone, Terepac's software application enables objects to give smartphone users product information, send them personalized marketing messages, promote discounts and post pre-programmed tweets or other content to users' social media accounts. The technology can also authenticate that objects with the chips are made by the brand they're sold under, potentially reducing the billions of dollars a year lost by luxury goods manufacturers to those making cheap imitations sold falsely under their labels.
The History of Internet of Things
The Internet of Things is a term coined by the Massachusetts Institute of Technology Auto ID Center in 1999. Fast moving consumer goods companies such as Mars, Unilever, Proctor & Gamble supported the venture amongst many others. Kevin Ashton one of the former founders of the Auto ID Center spoke on the topic at the IDTechEx RFID event "Smart Labels Europe in 2001." IDTechEx wrote one of the first reports on the subject "The Internet of things."
This is how the Auto ID Lab described the technology:
"Auto ID technology will change the world by merging bits and atoms together to form one seamless network that interacts with the real world in real time. Physical objects will have embedded intelligence that will allow them to communicate with each other and with businesses and consumers. Auto ID technology offers an automated numeric system of smart objects that revolutionizes the way we manufacture, sell and buy products."
Terepac already has a patent-protected process that allows the company to miniaturize circuits to an unprecedented degree.
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