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SAMSys scores first patent as U.K. technology firm takes equity stake

News | 03/18/2002 5:00 am EST

SAMSys Technologies Inc., a radio frequency identification (RFID) system developer, has scored a couple of major wins recently that should greatly increase awareness of the Toronto-based company in global markets. In late February, SAMSys received its first patent covering proprietary RFID tag evaluation technology, and it landed a $9-million infusion of cash from BTG International Ltd. in exchange for a 23 per cent equity stake in the firm.

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