TUV Product Service News reports that Identec Solutions has developed an RFID tag that uses GPS to track a single item's specific location.

"The tag uses satellite data with RFID technology to monitor its movement, potentially enabling complete identification of an asset's location," the article states. "It also has a range of 500 metres and can be used in conjunction with a reader to be activated at any time."

The company isn't humble about its achievement. "The Identec Solutions GPS Tag is a groundbreaking solution so advanced that applications for the technology are virtually endless," says Peter Linke, Identec's executive vice president for sales and marketing.

More here from Technology News Daily ... and the press release is here.