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| FOR IMMEDIATE RELEASE
| Media Contact:

Mark Nelson
Savi Technology
650-316-4872

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SAVI NETWORKS PARTNERS WITH MODERN TERMINALS LIMITED TO EXTEND SAVITRAK™ TO ITS PORT TERMINALS IN HONG KONG
Project for RFID-Based Information Services Automatically Monitors the Security, Status and Condition of Cargo Container Shipments
HONG KONG and MOUNTAIN VIEW, Calif. – March 12, 2007 – Savi Networks today announced an agreement on a project to extend the SaviTrak™ information service to facilities operated by Modern Terminals Limited, one of the leading container terminal operators in Asia. Deployment of the network at Modern Terminals’ facilities in Hong Kong will enhance the security and efficiency of in-transit cargo shipments.
The installation of SaviTrak’s standards-based Radio Frequency Identification (RFID) infrastructure at Modern Terminals’ facilities will automate visibility of RFID-sealed containers and their contents, providing the terminal operator and its customers with real-time location and status information, automated alerts, and analytics.
“Modern Terminals Limited’s important Hong Kong facilities extend the visibility that SaviTrak provides for shippers, carriers and logistics service providers throughout the global supply chain,” said Steve Sewell, senior vice president of Savi Networks.
Savi Networks has partnerships with major port and terminal operators to build infrastructure at more than 80 terminals worldwide. The SaviTrak information service is built upon open technologies that process real-time data feeds from RFID devices such as electronic seals (E-Seals) that are based on ISO standards, which are referenced by the SAFE Port Act of 2006 that calls on the U.S. Department of Homeland Security to define the voluntary use of container security devices.
SaviTrak also receives and processes information from other Automatic Identification and Data Collection (AIDC) technologies, such as barcode Electronic Product Code-compliant passive RFID and Global Positioning Systems (GPS) used to track ships and trucks transporting ocean containers. SaviTrak provides customers with real-time status about scheduling and financial impacts on their in-transit inventory.
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Savi Networks, the operator of a global network providing real-time information services on in-transit inventory, is a joint venture between Savi Technology, Inc., a Lockheed Martin company [NYSE: LMT], and Hutchison Port Holdings. To learn more about Savi Networks, visit: www.savinetworks.com.
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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. |
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