AB Systems, a manufacturer of smart RFID and barcode labels, estimates a turnover of 5.6 million Euros in 2023

• The company, a provider of RFID and barcode labeling solutions for the largest automotive component manufacturers, estimates a profit rate of 15%.
• The company's exports are focused on Europe, with 10.5% of the turnover, as well as Africa, 7.36%, and South America, 0.9%, among other territories.

Cluj-Napoca, September 19, 2023 - AB Systems, a Romanian company that produces smart labels and is a leader in the RFID (Radio Frequency Identification) and barcode labeling ecosystem for the automotive sector, estimates a turnover of 5.6 million Euros by the end of this year, an increase of 7.5% compared to 2022, and a profit rate of 15%, from deliveries to major global manufacturers of automotive components. "We are, at the European level, among the top companies building innovative technical solutions in the field of RFID labeling for automotive components, and we are currently driving the industry's shift from classic labeling to RFID. Our mission to streamline repetitive processes and automate the workflows of major players in the global automotive industry is recognized through the direct requests for customized products we receive from key players in the global automotive components market. Moreover, our expertise in the field is confirmed by the fact that we often redesign and optimize smart labeling solutions used by manufacturers. Currently, over half of our exports are focused on Europe, but the markets in North Africa, particularly in Morocco, Egypt, and Tunisia, and South America, specifically Paraguay, are also promising," says Daniel Andraș, CEO of AB Systems. The company's exports are focused on Europe, with 10.5% of the turnover, as well as Africa, 7.36%, South America, 0.9%, and North America, 0.2%, among other territories.

RFID is a wireless data transfer from and to an electronic tag attached to a product, allowing for the unique and rapid identification of that product. The key components of an RFID system include the smart tag, the associated hardware, and software. RFID has several advantages over other identification methods, such as barcodes - it is faster and more efficient.

The company will present the latest RFID innovations, focused on the automotive sector. Additionally, as a result of the expertise accumulated in designing RFID tags for the automotive sector, AB Systems is approaching the retail segment from the consumer perspective, during an interactive event in Cluj-Napoca, which will take place on October 5 and 6. Participants will be able to test the solutions and interact with RFID equipment.

AB Systems, a Romanian entrepreneurial company with over 20 years of innovation in the RFID ecosystem, brings efficiency and smart solutions to the automotive and retail sectors at a European level. With customized RFID and barcode labeling services for top players in the automotive industry, AB Systems provides innovation for leading global companies, auto manufacturers, and automotive component manufacturers. Among the suppliers that help develop AB Systems' efficient solutions are Avery Dennison, Keonn, and Zebra. More information about AB Systems is available at www.absystems.ro.