Frost & Sullivan Recognizes PowerID as the 2008 Global RFID Entrepreneurial Company of the Year

PETAH TIKVA, Israel—PowerID Ltd., an industry leader in battery-assisted, passive (BAP) RFID technology, announced that Frost & Sullivan, a global growth consulting company, has selected PowerID as the recipient of the 2008 Frost & Sullivan Award for Global RFID Entrepreneurial Company.

This Award is presented each year to a company that demonstrates superior entrepreneurial ability in its industry. It also signifies Frost & Sullivan’s identification of a breakthrough solution offering with significant market potential. Additionally, the Award certifies that the company’s marketing strategy is sound and poised for success. PowerID was identified for the Award for emerging as the most promising company in the global RFID market today.