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Fluensee Announces Financing Options for RFID-Enabled Solutions

Flexible Options Facilitate Faster Implementation of Industry-leading RFID Asset Management Software and Hardware

ORLANDO — RFID Journal Live — April 14, 2010 — Fluensee, a leading provider of RFID asset tracking and management solutions, today announced the company has introduced several RFID financing options designed to make its AssetTrackTM and Yard™ solutions more accessible for companies considering the implementation of a tracking and management system but may lack the capital resources to do so.

Fluensee's AssetTrack incorporates multiple automatic identification technologies, including RFID, barcode, GPS and sensor, to effectively track and manage many types of fixed and mobile assets within an organization. AssetTrack can be configured to identify and track the utilization and location of equipment in a variety of industries, including manufacturing, IT, transportation, logistics, construction and materials handling.

Fluensee has partnered to provide flexible financing options to suit its customers’ financial objectives, regardless of their size or capital budget. Fluensee works with customers to meet or exceed their return on investment (ROI) objectives of an RFID tracking and management solution which includes evaluating lease and finance options in the process.

While Fluensee is not a direct lender, the company has built working relationships with several independent lender/lessors with expertise in providing financing for customers under a variety of different terms and structures, including:

  • Leasing – Operating and finance lease structures package hardware, software and services (or any combination) to conserve capital expenditure (capex) budgets, and match cash flow and balance sheet requirements.
  • Software as a Service (SaaS) – A low monthly software fee, which is an operational expense, provides a faster way to implement RFID–enabled solutions.
  • A customized finance solution providing multiple, scalable options.

"Our customers are looking for strategic ways to stretch their capex budget and implement solutions that contribute to increased efficiencies," said Tim Harvie, president and CEO, Fluensee. "As companies continue to adopt RFID technology to better track, manage and provide visibility for their high-value and mission-critical assets, Fluensee’s hardware-agnostic software solution, combined with smart financing options, adds significant value to our customers’ streamlined business processes and bottom lines."

About Fluensee
Fluensee's RFID-enabled asset tracking and management solutions improve the visibility, accuracy, security and utilization of a company's mobile and fixed assets. Its end-to-end solutions combine highly configurable and patented software and implementation services with hardware from leading RFID, barcode, GPS and sensor technology providers. Fluensee offers its browser-based, enterprise-class AssetTrack™ solution that tracks IT assets, pallets, tools, equipment and all types of other high-value assets, along with its Yard™ application that is designed to efficiently manage assets in transportation and distribution environments. All of Fluensee's solutions are platform- and hardware-agnostic. Fluensee is a privately held, venture-backed company headquartered in Englewood, Colorado. For more information, visit www.fluensee.com.

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