Bombay Stock Exchange adopts RFID for monitoring vehicles

Mumbai, Mar 4 (PTI) Mirroring the security concerns of corporate India in the wake of the Mumbai terror attacks, the Bombay Stock Exchange has set up radio frequency tags in its building premises to monitor incoming and outgoing vehicles.

Essen RFID, a city-based original equipment manufacturer, has installed RFID (radio frequency identification) hardware at the BSE building.

"It is a well-known fact that the 26/11 episode has shaken the security foundations of Mumbai, hence BSE has actively considered employing RFID technology to secure its parking lot," Essen RFID Senior Business Development Manager, Shrinivas Shikaripurkar, said in a press release here.

Essen RFID's 'Xtenna' would monitor the BSE building's parking lot for incoming and outgoing vehicles and track the unique identities of the vehicles, the release said.

"Xtenna can track vehicles at a distance as far as up to 40 feet in an open environment. The vehicles entering or exiting at speeds of up to 35-40 km per hour can be easily tracked using the RFID module of Essen," the company said.

Essen provides RFId modules for people and asset-tracking as well as for livestock-tracking and documents.