Neology n. : The introduction of a new word, or of words or significations, into a language; as, the present nomenclature of chemistry is a remarkable instance of neology.

Neology n. : A new doctrine; esp. (Theol.), a doctrine at variance with the received interpretation of revealed truth; a new method of theological interpretation; rationalism.

Example:
What is the word used to describe when someone "makes up words"?

Taxonomy
Neology, RFID, touches, RFID technology, technology innovations, patents, passports, Radio Frequency Identification, Identification Device, proprietary, proven track record, border control, vehicle registration, high-value, pharmaceutical, electronic toll collection, supply chain, USA.

Defination from the web:
... Neology Specializes In RFID Solutions For Life Sciences/Medical Fields. Neology has focused exclusively on Radio Frequency Identification Device (RFID) solutions for more than 20 years and holds over 20 patents on ...