Posted on Wednesday, February 8th, 2012 | In Current Market News, Stocks to Watch
Avery Dennison Healthcare Provider Solutions, a business of Avery Dennison Corporation (AVY)has joined with Trimble Navigation Limited (TRMB) for delivering ThingMagic powered passive RFID solutions to hospitals.
The systems of Avery Dennison Healthcare Provider include radio frequency identification (RFID) readers, best-in-class application software, RFID tags and implementation and process-improvement support that both ameliorate patient safety and reduce costs.
ThingMagic Mercury6 and Astra UHF RFID readers can avail the systems and provide customers with a choice of form factors across diverse hospital environments. Alongside, it enables the hospitals to select any particular area and expand based on resources and critical needs.
The area of efficiency of the systems include real time asset as well as personal identification and location, asset and personnel history, zone and area contents, zone and area history, notifications and alerts, in addition to integration with computerized maintenance management (CMMS), accounting and enterprise resource planning (ERP) systems.
For the benefit of patient care, the company employs Lean and Six Sigma expertise - a holistic approach involving tracking a wide-range of objects (including equipment, consumables, specimens and documents) and people (patient and employees) moving through the hospital, maximizes the benefits.
Avery Dennison Healthcare Provider Solutions is a business group of Avery Dennison Corporation. It deals with patient safety and satisfaction and reduces costs and waste. Its product range includes expert operations, software application, on-site program management and RFID technology.
Based in Sunnyvale, California, Trimble Navigation, Ltd. is an original equipment manufacturer (OEM) of positioning, surveying and machine control products. The product portfolio is centered on the integration of global positioning system (GPS) technologies into these products, although optical and laser technologies also form part of the company’s portfolio.
In the recently reported fourth quarter of 2011, Avery’s adjusted EPS dipped to 36 cents compared to 83 cents in the prior year quarter. Total revenue also declined 0.5% year over year to $1.45 million in the quarter. The company experienced unexpected declines in volumes in fiscal 2011.
Based in Pasadena, California, Avery Dennison Corporation produces pressure-sensitive materials, office products and a variety of tickets, tags, labels and other converted products. Its products are sold under the Avery, Avery Dennison, Avery Graphics and Fasson brands. Its clientele is spread across the U.S., Europe, Asia, Latin America and other regions.
AVERY DENNISON (AVY): Free Stock Analysis Report
BEMIS (BMS): Free Stock Analysis Report
TRIMBLE NAVIGAT (TRMB): Free Stock Analysis Report
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