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Updated: July 8th, 2008 05:26 PM CDT

Hana Poised to Fill Lucrative Niches

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Bangkok Post (Thailand) (KRT)
via NewsEdge Corporation

Nov. 17--Expansion in the sensor, medical electronics, Radio Frequency Identification (RFID) chip and human interface device industries will foster growth for SET-listed Hana Microelectronics Plc next year.

Among other markets, Hana expects to tap global demand for sensors that measure light, temperature and pressure for the automotive and medical industries, according to chief executive Richard Han.

Demand for sensors has been growing at a rate of 20 percent per year.

An ageing world population will also mean a boom for the firm's hearing aid and medical monitor businesses, he said.

And the future of RFID chips, which track data from tags on products, animals and people, also looks bright because the chips are destined to replace barcodes, Mr Han added.

He said global demand for RFID tags would reach 20 billion in 2006, and could increase to 30 billion in the next two years.

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