MysticMD Inc. Teams with Identica Holdings Corporation to Develop Revolutionary RFID Ink Technology
GROTON, Conn.--(BUSINESS WIRE)--MysticMD Inc. today announced that the company has been awarded a Phase I Small Business Innovation Research (SBIR) grant from the National Science Foundation (NSF). MysticMD will use the $98,622 grant to develop a screen printable conductive ink for Radio Frequency Identification (RFID) antenna applications, teaming with Identica Holdings Corporation, a leader in next-generation biometric identification and security solutions.
“Identica’s know-how and experience in the RFID marketplace helped us command a competitive advantage in the pursuit of this award,” said Heidi Douglas co-founder and CEO of MysticMD. “Winning this grant will enable us to pursue more technology development and increase our company’s market presence. We are very proud to win this SBIR grant particularly because this was our first time proposing to this pre-eminent agency.”
These bendable RFID antennas are expected to cost about 90 percent less than comparable copper antennas, improving reliability and encouraging expansion of this technology for a wide variety of identification and tracking applications.
“MysticMD’s nanotechnology has impressed us from the outset and we were eager to find an opportunity to integrate our RFID knowledge with their methods,” said Terry Wheeler, president of Identica. “The SBIR grant allows both of our companies a unique opportunity to explore ways to expand a ground-breaking technology into a number of different marketplaces.”
SBIR Phase I research is intended to establish feasibility of technical innovations. MysticMD will develop and print a conductive ink, forming an antenna for an ISO 15693 compliant system that Identica will specify and test. Based on positive Phase I results, MysticMD will seek SBIR Phase II funding to build prototypes for target commercial applications in situations where low cost and reliability are critical.
The NSF SBIR program was established in 1982 to increase the participation of small businesses in federal research and development. NSF grants over $100 million annually to small businesses to stimulate our nation’s innovation leadership and contribute to our economy and society.
About MysticMD
MysticMD is an advanced materials company developing proprietary nanocoatings and nanofilms to dramatically improve products, making them better, less expensive and easier to manufacture. Their intellectual property portfolio of conductive polymer solutions includes Nanolite®, their lightweight, low cost material for lithium ion batteries. For more information, please visit www.mysticmd.com.
About Identica Holdings Corporation
Identica Holdings Corporation is the premier provider of next-generation biometric security solutions. Identica’s superior vascular pattern recognition technology verifies and recognizes human users by utilizing a near infrared camera and proprietary algorithms to capture images of veins, arteries and capillaries found on the back of the human hand. The identity security solutions offered by Identica’s operating subsidiaries are provided by resellers and security integrators throughout the Americas, Western and Eastern Europe, and portions of the Middle East. Identica is currently privately held. Major Investors include eRoomSystems Technologies, Inc. (OTCBB:ERMS). Please visit Identica at http://www.identicacorp.com.
