ACG to provide handheld RFID reader modules for revolutionary jewelry tagging solution in the UAE

Walluf, 04.05.2006 ACG Identification Technologies, a leading component and technology supplier in the smart card and RFID markets, announces today that The Jewellery Store dmcc (TJS), a Dubai-based service provider to jewelry wholesalers and retailers, has selected its RFID reader plug-in module for handheld devices for a state-of-the-art RFID-based jewelry identification project. The reader module can easily be connected to typical handheld devices, upgrading them to RFID readers which can replace traditional mobile RFID readers.

TJS's unique RFID-based jewelry tagging solution, which enables the company to guarantee traceability and accurate inventory across the supply chain, provides the jewelry wholesale and retail industries with various benefits. With greater accountability for stock, TJS and its partners are able to offer their retail and wholesale clients enhanced financing options and more cost-effective insurance solutions.

Retailers use ACG reader-equipped handheld devices to carry out inventory checks, enhance customer interaction, and provide detailed item information to salespeople. Furthermore, by linking a retail system back to TJS and the wholesalers, both parties will be able to track jewelry down to the retailer and receive up-to-date information on the stock levels at each store.

Mr. Gabriel Nasser, IT Director at TJS comments, "We've been working closely with ACG in Dubai to provide a mobile RFID extension to our existing offering. The small and sleek design of the ACG reader module, combined with its performance and affordable price, allows us to provide an important tool for tracking and identifying items in a jewelry retail environment. We will continue to collaborate with ACG to provide the jewelry industry with the innovative RFID solutions it greatly requires."

About ACG

ACG Identification Technologies is an independent component and technology supplier serving the entire value chain of smart card and RFID-based systems. Headquartered in Walluf (Germany), ACG has 21 locations throughout Europe, the Americas, Asia Pacific, the Middle East and Africa.

About The Jewellery Store dmcc

The Jewellery Store dmcc (TJS) offers revolutionary new services to the jewelry industry. The company was founded by four leading players in 2002 to explore more efficient means of financing, and in particular to investigate the potential of Radio Frequency Identification (RFID) technology to provide improved assurance to the location, authenticity and ownership of jewelry.

The technology has progressed from proof-of-concept to pilot using real clients and real retail spaces and is now offered to customers in the industry. TJS has unique patent-pending technology, specifically tuned to the solution.

The founding partners are Yusuf Nonoo Jewellery, Damas Jewellery LLC, Deepu Jewellers LLC and Standard Bank Plc. Each partner brings a depth of experience in jewelry wholesaling, retail, bullion and finance.