Advanced Material Development Ltd (AMD) said it has signed a letter of intent (LOI) with high street retail giant Marks and Spencer Group PLC (LON:MKS) to further its work in the development of a “green and sustainable” radio-frequency identification (RFID) solution for the apparel and packaging industry.
The company said it has made “substantial progress” on the use of its graphene-based conductive ink technology to replace aluminium and plastic materials used in the RFID applications industry. AMD said this has opened up opportunities in the sector for applications ranging from “”green” to “flexible” solutions” in a number of key markets.
“We are delighted to be able to continue our work in this area with the support of M&S. For many retailers, it is clear that the need for a sustainable RFID solution is becoming ever more urgent as they strive to address the increasing demand from customers and shareholders for improved sustainability and environmental credentials”, AMD chief executive John Lee said in a statement.
“M&S has been a standard bearer in both driving sustainability throughout their supply chain and the early adoption of RFID technology. The partnership will allow AMD’s technology to rapidly move to the next stage of development towards scalability and commercial deployment”, he added.