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Omni-IDTM Launches Breakthrough RFID Technology
Providing a Reliable Solution for Asset Tracking and Supply Chain Management
8 s1 P9 J1 O! z8 [' A XThomas C. Pavela Appointed President and CEO; Tasked With Establishing Omni-ID as the Leading Provider of High-Performance RFID Technology Worldwide1 G& V5 F! u$ S% C. W
" O$ u# v9 C# G9 ]/ f; G+ t' |MENLO PARK, CA--(Marketwire - February 11, 2008) - Omni-ID™ (www.Omni-ID.com), a leading innovator of passive ultra high frequency (UHF) radio frequency identification (RFID) technology, today announced its official launch and the appointment of Thomas C. Pavela as President and CEO. Using a breakthrough, patent-pending technology that overcomes the traditional problems associated with RFID technology, Omni-ID delivers high performance, passive ultra high frequency RFID solutions that are reliable in harsh environments such as metals and liquids.
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Providing 99.99 percent accuracy and reliability, Omni-ID's cost efficient RFID tags maintain a small footprint and profile and thus can be placed on virtually any surface. Armed with these unique technology and performance advantages, Omni-ID plans to introduce RFID to new and previously underserved vertical markets, including information technology, telecommunications, industrial, and retail industries. ; l& |! d+ a8 i, ?8 s
v8 k# h Q# E$ NAs Omni-ID's founding President and CEO, Pavela brings more than 25 years of leadership experience in high-technology companies, including Fortune-100 global corporations like Apple Computer, and leading software and technology solutions companies, such as ZANTAZ and Spinnaker Software. Pavela is responsible for developing the company's vision, mission and strategy, building the global team and operational infrastructure, and establishing an executive board. Omni-ID's global leadership team is comprised of highly experienced technology executives and RFID experts who combine technical innovation with a focus on real-world problem solving.
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"I am thrilled about the opportunity to lead Omni-ID's incredibly talented team, which is totally committed to innovation, quality and meeting the real-world business needs of our customers across the globe," said Pavela. "Our engineers and scientists successfully developed an affordable, passive UHF RFID tag that provides 99.99 percent accuracy and reliability in nearly every environment. This degree of operational accuracy and reliability in harsh environments is unparalleled. Omni-ID's ultimate goal is to drive the widespread adoption of RFID technology worldwide as the most effective and practical tracking and identification solution for a growing universe of vertical markets."
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By designing RFID solutions that are affordable, high performance and reliable, especially in harsh environments, Omni-ID is solving its customers' toughest challenges in asset tracking and management, logistics, and supply chain management. The company has already implemented several successful pilot programs that prove that the technology works in real-world settings and provides positive ROI.
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A wide range of research supports the future growth of RFID as leading the drive to accomplish effective, cost-efficient asset tracking and supply chain management across numerous industries. IDTechEx estimates that the total RFID market will exceed $25 billion by 2017, and sales of RFID tags will exceed $10 billion by 2017. - {( V+ R2 _. |- M% b) b
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Launched as a stand alone company from international defence and security technology company, QinetiQ, Omni-ID is backed by QinetiQ Ventures LP, a new technology venture fund managed by partners from Cody Gate Ventures LLP who have a proven track record of more than 20 years as venture investors, entrepreneurs, and business builders. Omni-ID's worldwide headquarters is in Menlo Park, Calif. The company's main European office is in Farnham, Surrey, located near London, UK.
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About Omni-ID 9 h& |7 Y! i6 l( x* s. K+ H
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Omni-ID is one of the world's leading innovators of passive ultra high frequency (UHF) radio frequency identification (RFID) technology. Through its patent-pending technology that overcomes the problems traditionally associated with RFID, Omni-ID offers high performance RFID solutions that are cost efficient, reliable and provide 99.99 percent accuracy in nearly every environment. Based in Menlo Park, Calif., and with major offices in the UK, Omni-ID's mission is to drive the widespread adoption of RFID technology as the optimal tracking and identification solution. For more information, visit www.Omni-ID.com. ' z: K+ Y/ q% w- o2 m
+ E) ~ d6 p6 ?: O8 kAbout QinetiQ Ventures LP
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: F8 S% H# K$ pQinetiQ Ventures LP is a technology venture fund launched in June 2007 by QinetiQ and Coller Capital, whose other corporate venture activity includes British Telecom, Shell and Lucent. The Fund has initial assets of $80M with QinetiQ and Coller Capital each contributing up to $40M of follow-on funding to accelerate the development of the fund's portfolio companies. The Fund is managed through its General Partner Cody Gate Ventures GP Ltd and its Investment Manager Cody Gate Ventures LLP. : o4 E8 F# c* o( O: t& I
2 J" Y5 B3 R6 q6 m8 y! F5 q8 bAbout Cody Gate Ventures LLP ! T# U$ [9 z- z
" h6 G" k8 }9 s, R% _0 DCody Gate Ventures is a new venture capital Investment Management firm with an expertise in the commercialization of defense technologies to meet important needs of global corporations and government. Cody Gate Ventures' current and sole focus is the investment management of QinetiQ Ventures LP, a $160M venture fund launched by Limited Partners QinetiQ and Coller Capital. CGV operates through offices in the UK and Menlo Park, California and is authorized and regulated in the UK by the Financial Services Authority. For further information, see www.codygateventures.com. |
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