BOS Better Online Solutions Ltd. (Nasdaq: BOSC; TASE:BOSC) has signed a strategic partnership agreement with Galbital RFID Solutions Ltd. to jointly launch an radio frequency identification (RFID) middleware server and controller. The product will provide enterprises with a combined software and hardware solution. This server and controller will enable an enterprise’s ERP application to implement a variety of RFID equipment and transfer the information to the application, in either an online or batch mode, without need for customization.
BOS president and CEO Shmuel Koren said, "This joint venture is another step in the continuing implementation of our strategic plan and we anticipate that it shall have high synergy with our current M&A targets. The BOS-Galbital joint venture is expected to generate revenues already in 2008."
BOS posted a GAAP net loss of $824,000 ($0.09 per share) for the second quarter, compared with a net loss of $572,000 for the corresponding quarter of 2006, even though revenue rose 27.6% to $5.7 million.
Published by Globes [online], Israel business news - www.globes.co.il - on August 13, 2007
