For Immediate Release
Savi Technology's Department of Defense RFID II Contract Ceiling Increased to $424.5 Million
Procurement contract for RFID Products and Services Extended Two Years
WASHINGTON, DC – Feb. 13, 2006 – The U.S. Department of Defense (DoD) has increased its RFID II contract value with Savi Technology from $207.9 million to $424.5 million and extended the ordering period for the company's active Radio Frequency Identification (RFID) products and services by another two years -- through January 31, 2008. The contract amendments were made by the U.S. Army's Information Technology, E-Commerce and Commercial Contracting Center (ITEC4), and the executive agent for the DoD is the office of the Product Manager, Joint-Automatic Identification Technology.
In a public notice, the Department of the Army wrote: "The extension of the ordering period and raising of the contract ceiling is necessary in order to continue to provide active RFID tags and associated supplies and services for shipments of materiel to the Middle East in support of Operation Iraqi Freedom."
Savi Technology, a leading developer and provider of RFID supply chain solutions for allied defense forces and commercial enterprises, has provided RFID solutions to the DoD for more than a decade. The company helped build the DoD's In-Transit Visibility (ITV) network, which spans more than 45 countries and tracks military supplies through more than 2,000 sites. In addition to the DoD, the company provides RFID solutions for allies such as NATO, the United Kingdom, Australia, Denmark, and Spain, among others. Savi Technology is building interoperable RFID-based networks for allies that enable them to improve the management of consignments for multi-national, joint-force operations.
"We're honored that the U.S. Department of Defense has the confidence in Savi Technology's capabilities to continue to provide technology, product and service support so that our war fighters get the right supplies, at the right time and right location," said David Stephens, Savi's Senior Vice President-Public Sector. "We are committed to providing advanced RFID solutions that enable individual defense forces to improve supply chain operations and for allies to leverage interoperable networks for joint-force operations."
Savi's active RFID products have been proven to operate successfully in the most remote, harshest climatic and operating conditions found in defense supply chains.
Savi Technology provides a family of leading-edge active RFID products, including tags, readers, rapidly deployable mobile systems, on-vehicle movement tracking systems, and related software to track, manage and secure supply chain assets and their contents.
The active tags can store up to 128 kilobytes of information, read and write at distances of up to 300 feet and are based on ISO 18000-7 standards operating at 433.92 MHz, which has proven to be the most effective RFID frequency for bending around metal objects such as large ISO containers that are tracked and stored.
About Savi Technology
With over 17 years experience, Savi is a proven leader in RFID solutions for the management and security of supply chain assets, shipments and consignments. Savi's integrated RFID hardware and software solutions drive business value, such as reducing supply chain assets, inventory and operational costs. Founded in 1989, Savi Technology is a wholly-owned subsidiary of Lockheed Martin, with headquarters in Mountain View, California, and offices in Johannesburg, London, Melbourne, Singapore, and Washington D.C. For more information, visit www.savi.com
™ - Savi, Savi SmartChain, SmartChain, the Savi logo, EchoPoint, the EchoPoint logo, Sentinel and UDAP are trademarks or registered trademarks of Savi Technology, Inc. in the United States and other countries.
About Lockheed Martin
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2006 sales of $39.6 billion. For additional information, visit www.lockheedmartin.com.
Media Contact:
Mark Nelson
(650) 316-4872
mnelson@savi.com
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