Parsl, Avery Dennison Smartrac, and NXP Announces A Strategic Partnership Going Forward
September 01, 2021 at 01:40 pm
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Parsl, Avery Dennison Smartrac, and NXP, have announced a strategic partnership going forward. The partnership will encompass helping the cannabis industry communicate effectively and securely through the technological partnership of Parsl, NXP, and Avery Dennison Smartrac. This partnership will have the benefit of leveraging the intellectual technological property of Parsl and the manufacturing capabilities of NXP and Avery Dennison Smartrac. Combining this IP will enable Parsl to provide better, verifiable insights to global cannabis consumers and grow market share in the cannabis industry. In the near future, customers in parts of Africa, Australia, Europe, and the USA can expect to see Parsl/SmarTrac tags on products and on their favorite growers plants. The unique combination of Avery Dennison Smartrac's and Parsl's technologies form part of a platform that delivers value and functionality for Parsl customers, helps unlock the global cannabis industry and grants access to verifiably high-quality international products. These tags are currently the only method to really achieve item level tracking in a secure manner.
Avery Dennison Corporation specializes in the development, manufacturing and marketing of pressure-sensitive materials and self-adhesive products. Net sales break down by family of products as follows:
- adhesive materials and specialty products (71.9%): papers, plastic films, metal foils and fabrics coated with adhesives, reflective films, polymer adhesives, specialty tapes, highly engineered films, inlays, self-adhesive battery labels, postage stamps, etc.;
- price marking and identification products (28.1%): printed labels, graphic tags, barcode tags, price tickets, carton labels, etc. intended for retailers, apparel manufacturers, and distributors. The group also provides copiers, ink-jet and laser printer labels and printer cards, binders, dividers, sheet protectors, markers, adhesives, etc.
Net sales are distributed geographically as follows: the United States (30.8%), Asia (30.4%), Europe /Middle East/ Africa (27.6%), Latin America (7%) and other (4.2%).