Advanced ID buys stake in Brazilian distributor for tyre RFID

ERJ staff report (DS)

Calgary, Alberta, Canada -- Advanced ID Corp, said it has partnered with its largest distributor in Brazil to establish Advanced ID, Brazil, Ltd. (“AIDO BR”). As part of Advanced ID's expansion into Brazil, it has acquired a 20 percent interest in AIDO BR.

“With Latin America being one of the largest global tyre markets and because every major tyre manufacturer is involved in Brazil, it is important to our global growth strategy that we maintain direct sales and service links in the country. We are establishing relationships around the world to prepare for more effective global marketing initiatives. The establishment of AIDO BR enables us to improve our global presence with sales and service centres located in Brazil as well as China, England, Malaysia, Portugal, Thailand, and the United States. In the near future, we intend to commence similar operations in all other tyre manufacturing centers around the world.”

Advanced ID said demand for its products and solutions are increasing dramatically in tyre management

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Press release from Advanced ID