Radio-frequency identification

You're not going to be able to purchase gas.

There's people that are using RFIDs now for purchases, medical record keeping and stuff underneath their skin.

So you have in Sweden, people are getting RFIDs underneath their skin.

I've seen people doing it here in America.

Yeah.

Yeah.

So Simon, you also mentioned before the recording something about RFID.

Yes.

So does that tie into the cycle counting story as well?

Yeah, absolutely it does.

And a lot of retailers who have looked at implementing RFID, they see the value in the increased cycle count efficiency.

I talked about barcode scanning earlier on.

When you're doing a cycle count in a warehouse, you have to scan every item manually.

It's gonna take some time.

I mean, to be honest with you, RFID has a lot of promise in terms of tracking not just the theft side of product, but, like, where is this product in the store-

Yeah

... has it been sold, what's the replenishment look like, how do you get your on hands corrected? There's a ton of business opportunities on those pieces, but I think that RFID hardware costs have always been so expensive-

Wow

... it's almost impossible to put it...

We are never, ever gonna put people in jeopardy.

Our associates and our customers are the number one priority.

But then I realized that sounds expensive.

So then I thought we could do like RFID tags, like libraries use for their books.

And if you just have an RFID tag in all your tools, if there were some sort of a toolbox that can do a mass scan and tell you you're missing these tools, I would pay a lot for that.

I've worked on something similar before for a medical device where doctors would actually leave pieces of gauze or tools inside patients.

And so they had to, they would RFID every single thing inside that would be used on the table.

And then when they're done with the surgery, they would sweep them with an RFID reader to be like, is anything still in there? No.

Great.

We can

And there are indeed objections.

Right now, this spectrum is used by a couple other groups, one of which is what's called Part 15 devices that includes RFID tags.

um among other things it could control like smart utility meters etc they claim that there will be interference nextnap has done a number of engineering studies to show that there is no interference the opposition of course has done their own studies they say there is interference My read is that the NextNav studies read better because they respond to any criticism of their studies with detailed analysis of why they did what they did, whereas the opposition – I mean, NextNav at one point, for example, replied to an opposition study and said, like, your whole study relies on the idea of the laws of physics not being applicable.

Like, you have to bend the laws of physics, if not break them.

But other than him, everyone else in Congress, I think, is on board with the idea that this is a national defense issue.

And then there's things you could do that just in the realm of common sense.

So for example, in the United States right now for Part 15 devices, they have, I guess it's 26 megahertz of spectrum allocated to Part 15, which includes RFID.

And China has, I think, six, and the EU has five megahertz.

If you connect that to a competitor's product, it'll convert it to an ISD signal, and it'll allow it to run across the chain along with our devices.

So if you have a key and smeg switch and you want to throw it on with our RFIDs, you can use that, that little connector to bridge that.

So we don't, we don't, we don't lock you into our ecosystem.

If you like a competitor's product.

But then you can get into each one of your safety circuits and so we don't need to touch in all these i'm sure people have some background on on what these are um but these are also all in our manual if you go through that but you know so we can connect these stops both dual channel and single channel we can do uh test pulse to untest pulsed as you can see we also have other devices like meg switches We also have kind of dual touch.

So if you have equipment where you want those operator hands to stay in a certain position where it's being actuated, you can connect those to this block as well.

Of course, light curtains in our safety scanner, as well as some more RFIDs.

Like what I said as well, they still have those two hand touch buttons.

True.

So actually, individual RFIDs is a very sound business.

Hang on.

We could split our forces.

Oh, it's so sad.

And then the tour guide explains RFIDs and facial recognition.

Much fancier tech than we see in the silos, but they're clearly in the silos.

It's interesting that they're kind of introducing what we see later with the algorithm that a person walks in and it knows everything, their vital signs, everything about them.