Tunity Technologies mentioned by Minister of Finance in 2017 Budget Closing Speech
Tunity Technologies was mentioned by Minister of Finance in 2017 Budget Closing Speech in the segment where he talked about Creating Value and Bringing It to New Markets – “Having spoken about our people, let me now talk about our businesses. Like our people, our businesses must have the courage to adapt and try new ideas. Often, we can tap on the expertise we already have, to create new value for others. I am encouraged by the progress that many of our local firms have made.
Many of us use radio frequency identification (RFID) tags everyday – when we check out library books or tap our EZ-Link cards. Tunity Technologies, in collaboration with A*STAR’s SIMTech, applied this technology to something unexpected – food trays. Customers make a $1 deposit to borrow a tray, and they get their deposit back when they return their tray to an automated system, which detects the returned trays using RFID technology. This encourages customers to return their trays after use, and allows the cleaning staff at a food centre to concentrate on other, more productive tasks. An innovative solution to an old problem!“
Heng Swee Keat Minister of Finance
(Part C18a, Our Businesses – Creating Value and Bringing It to New Markets)