Automatic dual reel-to-reel multiplunger molding system designed for contactless smartcard modules, discrete small signal packages and ultra-thin tape-based packages. The Reelstar offers unrivaled high throughput, competitive pricing, low compound waste and high-precision mold tooling. The two reels are controlled independently, as are the transfer, reel-handling and pellet-handling units. Ability to run with only the front reel or only the back reel.