R5 is a newly developed wearable UHF RFID reader that provides a read range of up to 9 meters. It connects to a user's wrist with a magnetic buckle and features a removable battery and Type C USB port for data transmission. The reader can also pair with an Android or iOS device using Bluetooth to expand RFID scanning capabilities. It is suitable for applications like warehousing, asset management, and retail due to its portability and flexibility.