For Immediate Release
Myles D. Crandall Named President of Savi Group
Mountain View, Calif. – Oct. 16, 2008 – Myles D. Crandall, who has more than 25 years of program, business management and executive experience, has been named president of Savi Group, a Lockheed Martin [NYSE: LMT] information and technology company providing real-time supply chain and asset management solutions.
Crandall assumes full operational and strategic leadership responsibility of Savi Group, and remains as Savi Group's Chief Operating Officer, a position he has held since April. Prior to joining Savi, Crandall served as vice president of Strategic Planning at Lockheed Martin Space Systems Company, responsible for leading the company's strategic planning process in coordination with the Corporation and other Lockheed Martin business units. In addition to holding a variety of program and line-of-business executive positions at Lockheed Martin, Crandall worked for three years at Bechtel Corporation, where he served as a principal vice president as well as president of Bechtel's Civil/Water Global Industry Units.
Savi Group comprises the Savi Technology and Savi Logistics Systems lines of business and the Savi Networks joint venture with Hutchison Port Holdings. Savi Group also co-develops solutions with other Lockheed Martin divisions on large, complex government projects for In-Transit Visibility (ITV), cargo security and asset management.
As a wholly owned subsidiary of Lockheed Martin [NYSE: LMT], Savi is a leading provider of active Radio Frequency Identification (RFID) and other Automatic Identification Technology solutions that improve the visibility, management and security of supply chain assets, shipments and consignments. For more information, visit www.savi.com.
Headquartered in Bethesda, MD, Lockheed Martin is a global security company that 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 2007 sales of $41.9 billion. For additional information, visit www.lockheedmartin.com.
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
www.twitter.com/savi360
