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TAGSYS was founded in August 2001 as a management led buy-out of the former Gemplus Tag Division. Axa Private Equity led the financing for the new company joined by Saffron Hill Ventures and Endeavour. TAGSYS is the RFID industry,s largest 13.56 MHz independent player with leading applications in two of the strongest near-term growth segments - libraries and textile rental services. TAGSYS is the only global player completely dedicated to the RFID industry, with an R&D team of unrivalled experience, and an outstanding track record of technological innovation:rfidIn 1997 we developed the first RFID chip, tag and readers at 13.56MHz, together with the tag mass production, designed as a generic read-only platform to fit with large volume closed loop industrial applications. Our new technology was rapidly acknowledged as the most reliable technology on the market for RFID asset tracking.