Contact Information: Editorial Contacts: Jim Donaldson Impinj, Inc. 206-834-1091 Email Contact Lynda Kaye Mango Communications for Impinj 650-799-2888 Email Contact Ja-Hun Koo LS Industrial Systems +82-2-2034-4078 Email Contact
LS Industrial Systems and Impinj Partner to Deliver High-Performance Gen 2 Radio Frequency Identification Solutions in Korea
Groundbreaking "Powered by Impinj" Agreement Comprises RFID Readers and Chips
| Source: Impinj, Inc.
SEOUL, KOREA and SEATTLE, WA -- (MARKET WIRE) -- December 19, 2006 -- Leading Korean hardware
integrator, LS Industrial Systems, and Impinj, Inc., the global UHF Gen 2
radio frequency identification (RFID) chip and reader supplier, today
announced a partnership to deliver high-performance RFID solutions in
Korea.
Responding to significant demand from the Korean manufacturing sector for
RFID-enabled logistics and distribution capability, LS Industrial Systems
will build and distribute a comprehensive RFID solution incorporating
Impinj's Speedway™ reader platform and Monza™ Gen 2 tag chips.
Available starting in February 2007, the LS Industrial Systems RFID
solution targets Korean product distributors, manufacturing companies and
government entities requiring RFID technology to improve factory automation
and supply chain efficiency.
"Our goal is to quickly become the premier provider of high-performance
RFID solutions in Korea," said Ju Hwan Jung, Director of RFID business
division at LS Industrial Systems. "This agreement to deliver
comprehensive, world-class, 'Powered by Impinj' solutions to leading Korean
companies represents an important step toward reaching that goal. By
working with Impinj, we also ensure that Korean customers have
unprecedented access to the highest performing, most reliable RFID
technology available."
"Our partnership with LS Industrial Systems is a significant milestone in
the worldwide proliferation of high-performance RFID technology," said
William Colleran, president and CEO at Impinj. "Korean customers will
benefit immediately from the powerful combination of LS Industrial Systems'
extensive hardware integration expertise and Impinj's proven RFID
technology. Together, we provide a superior RFID solution that
dramatically improves supply chain efficiency."
Available now from value-added reseller (VAR) and original equipment
manufacturer (OEM) partners worldwide, "Powered by Impinj" RFID solutions
comprising Monza tag chips and Speedway readers are successfully deployed
in large North American retail and distribution environments. "Powered by
Impinj" RFID solutions support pallet and case-level tracking applications
and are also ideal for item-level tracking of pharmaceuticals, apparel,
CD/DVDs and many other high-value products. Impinj's Monza chips and
Speedway readers carry both EPCglobal's Gen 2 Conformance Certification and
Interoperability Certification marks.
Measurable Market Demand
According to recent research from ABI Research, the South Korean market
represents significant opportunity for high-performance RFID solutions
providers. "The total South Korean RFID hardware market opportunity is
expected to reach more than $100 million in 2007, with supply chain
management-related applications representing an estimated 10-15%," said
Michael Liard, Research Director, RFID & Contactless at ABI Research. "The
agreement between LS Industrial Systems and Impinj is an important
development for many companies in the region who seek partner-based,
complete high-performance UHF Gen 2 RFID systems from local vendors."
About LS Industrial Systems
Based in Seoul, Korea, LS Industrial Systems, formerly LG Industrial
Systems Co., Ltd. is the leader in industrial electronic machinery and
system market in Korea with utmost technology. Since 2004, LS Industrial
Systems designated RFID as one of its core business areas, and built the
first and largest RFID production infrastructures in Korea at 2005. For
more detailed company information visit http://eng.lsis.biz.
About Impinj, Inc.
Impinj, Inc. is a semiconductor and RFID company whose patented
Self-Adaptive Silicon® technology enables its two synergistic business
lines: high-performance RFID products and semiconductor intellectual
property (IP). A leading contributor to the RFID standards for high-volume
supply-chain applications worldwide, Impinj leverages its technical
expertise and industry partnerships to deliver the GrandPrix™ solution,
comprising tags, readers, software and systems integration to offer RFID
that just works™. Impinj's innovative IP products, core to the
company's RFID tags, are licensed to leading semiconductor companies
worldwide, allowing them to seamlessly integrate crucial nonvolatile memory
(NVM) alongside analog and digital functionality on a single chip.
Impinj's IP products include the popular AEON® family of embeddable
cores, which provides rewriteable NVM technology in logic CMOS
manufacturing. For more information, visit www.impinj.com.
Impinj, Speedway, Self-Adaptive Silicon, GrandPrix, Monza, "RFID that just
works," and AEON are either registered trademarks or trademarks of Impinj,
Inc.