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Impinj to invest $14mn in electronics companies
24 Jan '08
3 min read
"Continued strategic investment by prominent, global companies is further validation of Impinj's UHF RFID market leadership position," said Michael Liard, RFID & Contactless Research Director at ABI Research. "Impinj is also creating a cohesive RFID ecosystem with investors, RFID infrastructure providers, other RFID technology developers and end users that enables further adoption and continued market development."
"This additional investment puts Impinj in an excellent cash position and will be used for continued development of item-level RFID products and technologies," said William Colleran, president and CEO of Impinj. "We are also very excited by the additional business opportunities made possible by closer relationships with this group of respected and well-connected companies."
"Impinj's significant contributions to global RFID technology adoption are impressive," said Brian Kang, managing director of Samsung Ventures. "Our strategic investment in Impinj represents a strong commitment to the RFID industry and the innovative companies that are enabling its growth."
In addition to customer successes in the pharmaceutical, food safety and retail supply chain sectors, Impinj recently delivered a significant RFID technology breakthrough for item-level tagging of apparel. To date, Impinj has raised more that $110 million in private funding.
Impinj Inc is a semiconductor and RFID company whose patented Self-Adaptive Silicon technology enables two synergistic business lines: high-performance RFID solutions and semiconductor intellectual property (IP).
Impinj is the leading technical innovator in developing UHF RFID solutions for both item-level and supply-chain tagging worldwide. Impinj draws on its technical expertise and industry partnerships to deliver the GrandPrix RFID solution comprising high-performance tags, readers, software, antennas, and systems integration.
"This additional investment puts Impinj in an excellent cash position and will be used for continued development of item-level RFID products and technologies," said William Colleran, president and CEO of Impinj. "We are also very excited by the additional business opportunities made possible by closer relationships with this group of respected and well-connected companies."
"Impinj's significant contributions to global RFID technology adoption are impressive," said Brian Kang, managing director of Samsung Ventures. "Our strategic investment in Impinj represents a strong commitment to the RFID industry and the innovative companies that are enabling its growth."
In addition to customer successes in the pharmaceutical, food safety and retail supply chain sectors, Impinj recently delivered a significant RFID technology breakthrough for item-level tagging of apparel. To date, Impinj has raised more that $110 million in private funding.
Impinj Inc is a semiconductor and RFID company whose patented Self-Adaptive Silicon technology enables two synergistic business lines: high-performance RFID solutions and semiconductor intellectual property (IP).
Impinj is the leading technical innovator in developing UHF RFID solutions for both item-level and supply-chain tagging worldwide. Impinj draws on its technical expertise and industry partnerships to deliver the GrandPrix RFID solution comprising high-performance tags, readers, software, antennas, and systems integration.
Impinj Inc
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