RPDT Rapidtron, Inc.

Stock Price & Overview

Rapidtron, Inc. distributes Radio Frequency (RF) smart access control and ticketing/membership systems to the fitness, winter resort, and amusement industries and universities in North America. The System facilitates operator-free entry and exit through automated turnstiles or portals and optional hands-free entry. The company incorporates ‘smart card’ debit/credit technology for retail purchases and promotional/loyalty programs. The System utilizes either read-write RF smart cards or bar code paper tickets. This dual capability allows a venue to issue and reissue various types and durations of access privilege cards. Its open architecture allows for an interface with existing back office software. The company has a distribution agreement for the North American market with Axess AG, an Austrian manufacturer and developer of such systems. Rapidtron, Inc. was formerly known as The Furnishings Club and changed its name to Rapidtron, Inc. in September, 2002. The company was founded in 2000 and is headquartered in Costa Mesa, California.