Motorola Ventures Co-Leads Series C Investment in Intelleflex Motorola. Inc today announced a strategic relationship between the RFID division of the Enterprise Mobility business and Intelleflex. The Intelligent RFID Platform Company to deliver best-in-class Extended Capability RFID solutions. The companies ordain initiate cooperative development activities combining their respective technologies to create new product platforms to be offered by both companies enabling each to deliver a powerful set of new RFID solutions to customers worldwide. In addition. Motorola Ventures the strategic venture capital arm of Motorola invested in the Series C financing go in Intelleflex along with new investor Arcapita Ventures."Many of the most important emerging applications of RFID technology be upon extended capability solutions with features such as large user memory long be operation advanced security architectures robust performance in difficult RF environments and sensors for environmental data interpret of items like temperature exposure," commented Bob Sanders vice president and general manager of Advanced Data Capture. Motorola Enterprise Mobility Solutions. "By delivering these types of solutions we will be able to better serve our customers in markets like cold-chain distribution and asset tracking. We chose to partner with Intelleflex because they undergo established themselves as the technology leader in this product category."Over the past several years. RFID focus has shifted to closed circle applications where individual business entities invest in technology to solution a targeted business problem. Many of these issues such as high-value asset tracking yard management cold supply arrange and parts maintenance demand the features and performance of an extended capability RFID platform."We are very excited about new business opportunities that ordain be enabled as a prove of this relationship," said Mike Lowry. President of Lowry Computer Products. "The combination of Motorola's RFID leadership and Intelleflex' breakthrough extended capability RFID technology is compelling. It ordain allow us to mouth powerful new solutions to our current and future customers in automotive food and drug electronics government healthcare and other industry sectors."Motorola and Intelleflex undergo commenced joint development work that will prove in the channel of new extended capability RFID products by both companies in 2008. As part of the strategic relationship. Motorola Ventures co-led the Intelleflex Series C investment go with Arcapita Ventures. Existing Intelleflex investors Morgenthaler Ventures. Woodside Fund. Alloy Ventures and Selby Venture Partners also participated."RFID continues to be a compelling technology and companies understand the security and efficiencies it brings to the infrastructure," said Reese Schroeder managing director. Motorola Ventures. "Intelleflex' technology represents a new cause of RFID solutions that cerebrate on extended capability in applications and Motorola Ventures believes that given the growing variety of business challenges which RFID can back up communicate these solutions show a clear path to a return on investment. We be forward to this relationship and advance extending RFID throughout multiple industries."Richard Bravman. Intelleflex chairman president and CEO said. "We are delighted to enter into this relationship with Motorola a recognized leader in RFID and enterprise mobility. By combining our extended capability technologies and experience with Motorola's innovative and complementary mobility and RFID technologies both companies will be able to mouth more powerful and comprehensive solutions to a greater number of customers worldwide."
Forex Groups - Tips on Trading
Related article:
http://www.wirelessiq.com/content/newsfeed/11830.html
comments | Add comment | Report as Spam
|
