Confidex Expanding Business in China

TAMPERE (Finland) — September 7, 2015 — Confidex Ltd., the world’s leading supplier of high-performing contactless ticketing and RFID tag solutions and services, expands operations in China by opening its newest sales office in Shanghai.

Confidex opened its first local production facilities in Guangzhou in 2007 and has since witnessed a steady growth in the adoption of RFID tagging solutions in China. “We are glad to see the opening of our Shanghai office, as this new sales hub is well positioned to serve a growing number of customers in the region. We expect the market demand for RFID solutions to continue accelerating over the next several years, as a wider range of industries is digitizing their processes and leveraging novel applications enabled by the Internet of Things (IoT). We believe China will be among the fastest growing IoT markets globally”, commented Timo Lindström, CEO of Confidex.

The new office is managed by Mr. Yi Dai, the recently appointed General Manager for Confidex China Domestic Business. “Since 2007, Confidex has been able to build a strong foothold in the local RFID market, thanks to its market leading short-range wireless IoT technology”, stated Yi and continued “Our recently doubled production capacity in Guangzhou, and the new local sales and support team in Shanghai open doors for new business opportunities and help us provide our clients with better service and more refined customer tailored solutions. We are very excited to provide our Chinese customers with world-class RFID solutions, especially for smart manufacturing, logistics and transportation.”

About Confidex
Confidex is the world’s leading supplier of high-performing contactless smart tickets, industrial RFID tags and specialty labels – the key enablers for short-range wireless IoT solutions that make supply chains, transactions and authentication of goods or people more efficient and secure. With our global network of over 60 resellers and distributors we serve customers representing a broad range of industries in Europe, Americas, Middle-East and Asia.