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RFID 24-7: Your source for news and trends from the RFID and auto-ID industry |
Lead Story
Money continues to flow into RFID;
ThingMagic latest to benefit
What recession? Although the economy continues to limp along, you wouldn't know it based on the excitement building around RFID technology. New money continues to pour into the sector, with today's funding announced by ThingMagic the latest example of the confidence placed in the industry by investors. The Cambridge, Mass. based firm inked a strategic investment and technology development agreement with In-Q-Tel.
"Investment continues to push forward and I think that's great news for the industry."
Mike Liard, research director for RFID & contactless at ABI Research. |
The ThingMagic deal follows the $38 million round of funding announced by Alien Technology in early October, and the $3 million in funding secured by Advanced ID this week. ThingMagic did not reveal the size of its latest investment, although In-Q-Tel typically caps its funding at $3 million per investment.
In-Q-Tel is an independent strategic investment firm that identifies innovative technology solutions to support the mission of the broader U.S. intelligence community. It was launched by the CIA in 1999.
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Omni-ID system enables on-site
mount-on-metal tagging
OMNI ID’s On Demand system, available in Q1 of 2009, will allow customers to print,
encode and deploy RFID tags on site and on demand.
Read the official press release
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Law firm implements RFID
solution FileTrail to track docs
FileTrail automates check-in and check-out of files by utilizing RFID enabled security badges worn by staff and RFID tags on each file.
Read the official press release
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ThingMagic secures investment and
development deal from In-Q-Tel
Agreement will allow ThingMagic to expand development of its RFID reader and sensor technology to facilitate the integration of RFID and sensors into a wider range of applications.
Read the official press release
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Sirit IDentity 5100 reader
gains European certification
High performance reader targets automatic vehicle identification market and high speed apps where vehicles may travel at speeds up to 100 MPH.
Read the official press release
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Avery Dennison launches
new RFID durable tag, AD-902
Tag provides excellent RF performance in challenging environments on RF-friendly, reflective and absorptive contents where long read ranges are required.
Read the official press release
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From the Editor
Welcome to RFID 24-7, your source for news and trends from the RFID and auto-ID industry.
Be sure to check our
website
and my
blog
for breaking news between issues!
It sure looks
like a positive sign for the RFID sector as investors continue to make sizeable
investments in the technology, despite a troubled economy.
More
We welcome your feedback. Let us know what you think of the issue, and any topics you'd like to see covered in the future.
About the Editor
John R. Johnson is a veteran business and technology journalist with over 15 years of experience covering RFID technology and supply chain topics, first as editor of Warehousing Management and most recently as editor of DC Velocity.
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