Week of 04/25/11

 
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Impinj unveils long-awaited IPO;
IPO will ignite investment in RFID sector
full article

Four years ago, Alien Technology created a buzz in the industry by filing for an IPO. Buzz quickly turned to bust because of poor market timing, a balance sheet that didn't please investors, and orders that never materialized.

How is last week's announcement by Impinj to pursue an IPO possibly worth $100 million any different? Like Alien, Impinj has never turned a profit. Impinj lost $11.4 million in 2010, and $1.8 million in Q1 2011.

Well, the losses are the only similarity, and they carry an asterisk, since tag sales are exploding, something that was not true four years ago. Today's market features real orders and strong momentum. Impinj grew sales from $20.8 million in 2009 to $31.8 million last year. First quarter revenue for 2011 came in at $12.2 million, compared with $5.1 million for the same period last year.

"There is a different story here," notes Drew Nathanson, Auto-ID practice director at VDC Research. "When Alien announced its IPO, the market wasn't there yet. This is real money coming in."

Click here to read the full article.

RTLS provider Awarepoint acquires
Patient Care Technology Systems

PCTS currently serves 60 hospitals, while Awarepoint is installed at 93 hospitals and manages 150,627 assets.

Read the official press release

Intelleflex wins "Best in Show"
award for cold chain solution

Intelleflex was recognized for its XC3 TechnologyTM multi-mode readers and tags, featuring innovative battery-assisted passive RFID technology, which equals or exceeds the performance of active RFID while substantially reducing costs.

Read the official press release

Retailer Gerry Weber receives
"Best RFID Implementation" award

Gerry Weber, which now tags 100 percent of the garments it produces and sells, is one of the first companies to use RFID area-wide in the entire supply chain process and as retail security technology.

Read the official press release

Xerafy certifies Sky-ID tag
for flyable parts on aircraft

The new Sky-ID tag has passed independent laboratory tests to withstand specific variations in temperature, air pressure, vibration, shock and other environmental factors required by SAE AS5678.

Read the official press release

EarthSearch fulfills orders for
oil tanker monitoring solution

The EarthSearch LogiBoxx RF communicates wirelessly with the RFSeal (RFID Seal) device which is used to secure oil tankers travelling on highways.

Read the official press release

NXP and Poken partner to develop
NFC products for social networking

At WIMA 2011, Poken will launch the first end-to-end NFC compliant platform for social networking, extending the benefits and productivity enhancements of existing social media tools to the real world.

Read the official press release


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Issue: 0911

 
John Johnson, Editor
 

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About the Editor

John R. Johnson is a veteran business and technology journalist with over 20 years of experience covering RFID technology, smart grid and supply chain topics. He is the former editor of RFIDWatch Weekly and DC Velocity magazine.

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