It seems that the Malaysia based CBS Technology Bhd is elated for its RFID solutions. The RFID major is hopeful to achieve double-digit growth in its net profit in the current financial year because of its result-oriented RFID solutions.



Sun Chee Kong, CEO of CBS Technology explaining the future projects said that the company was bidding for up to seven RFID projects locally and wants to dominate the Thai and Middle Eastern markets this year.



The company confirms that it has earned 10 percent of its revenue from its RFID services. This share will increase to 40 percent by year-end.

Riding by its RFID solutions, CBS Technology has also planned to expand its networking in major areas.



It has already started operation in the Middle East. The company is now eyeing on Thailand, which is a potential market for the RFID technology. For which, it is looking for a partner to distribute its service there.



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