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SkyeTek Inc. and RFID Oil and Gas Group Merge

Companies mentioned in this article: SkyeTek, Inc.

DENVER, April 28, 2014 /PRNewswire/ -- Today, Skyetek, Inc. and RFID Oil & Gas Group announced their merger. The combined company offers next generation radio frequency identification (RFID) hardware and software solutions, with a focus on the oil and gas industry. This strategic combination aligns itself with the evolution of the RFID industry toward turnkey solutions for specific industry problems.

SkyeTek is a leader in the stand-alone and embedded RFID reader technology for OEMs. Their latest Ultra High Frequency (UHF) readers, the SkyeModule Nova and Titan, are at the heart of new solutions for mobile and fixed infrastructure. "The high performance, power efficient, and reliable readers are a perfect fit for RFID enabled tablets, handhelds, portals, and other fixed read points," according to Josh Peifer, Chief Product Officer.

RFID Oil & Gas Solution Group, LLC. is recognized as a technology and thought leader in RFID systems for the oil and gas sector. Through the leadership of its co-founders Konrad Konarski and Sam Falsafi, the company has built a broad international customer base and a globally respected brand for RFID systems within the petroleum industry. "This merger represents a natural alignment of our combined technology portfolio and subject-matter expertise to the digital oilfield demands for enterprise based turn-key solutions that can be rapidly integrated and rolled-out into the field. RFID technology is an obvious choice for an oil and gas industry that is seeing rapid growth and logistical challenges, stricter regulatory requirements, and increasingly demanding operational conditions. RFID's ability to provide autonomous visibility of capital equipment, drill pipe, casing, as well as personnel safety is unprecedented," added Konarski.

"The combination of Skyetek's decade of innovative technology with the expertise of the RFID Oil & Gas Solutions Group, positions the new entity, RFID Holdings Inc., as a dominant player in an industry poised to grow substantially in the coming years," says RFID Holdings' Chairman, Daniel J. Frydenlund. "We expect to announce further acquisitions in the near future, adding critical scale, revenue and intellectual property," adds Frydenlund, who heads FKR Acquisitions, controlling shareholder of RFID Holdings.

RFID Holdings Inc. and SkyeTek will be headquartered in Denver, Colorado, with RFID Oil & Gas Solution Group, LLC retaining its Houston office.

To contact SkyTek Inc., please visit skyetek.com

PRLog ID: www.prlog.org/12315804

SOURCE SkyeTek, Inc.