SOURCE: Impinj, Inc.

January 22, 2008 07:00 ET

Impinj Secures $14 Million Strategic Investment From Leading Electronics Companies

Inventec Appliances Corporation, LS Industrial Systems, Samsung Venture Investment Corporation and YFY Group Join Previous Investors in Funding Round Extension

SEATTLE, WA--(Marketwire - January 22, 2008) - Leading semiconductor and RFID technology provider Impinj, Inc. today announced new investments of more than $14 million from several of the world's leading electronics companies including:

--  Inventec Appliances Corporation (IAC) is a global leader in smart
    handheld devices and Internet appliance solutions, specializing in
    multimedia, broadband and wireless technology convergence. With integrated
    engineering design and manufacturing capabilities, IAC provides world-
    renowned ODM customers innovative products and solutions to address the
    latest high-potential market trend -- connected anytime and anywhere. IAC
    also markets its own brand OKWAP handsets in the Greater China market.
    Headquartered in Wugu Industrial Park, Taiwan, IAC is traded on the Taiwan
    Stock Exchange market under ticker symbol 3367.TW. http://www.iac.com.tw
    
--  LS Industrial Systems Co. Ltd., formerly LG Industrial Systems Co.,
    Ltd., is the leader in industrial electric machinery and systems in Korea.
    In 2004, LS Industrial Systems designated RFID as one of its core business
    areas and built the first and largest RFID tag and reader production
    infrastructure in Korea. http://eng.lsis.biz
    
--  Samsung Ventures America (SVA) is the US operation of Samsung Venture
    Investment Corporation (SVIC), the venture capital arm of the Samsung
    Group. SVA and SVIC collectively manage over $400 million, tracking closely
    to the strategic priorities of Samsung Electronics' and other Group
    companies' core operating divisions, and encompassing investments in
    semiconductors, displays, telecommunications, and consumer electronics.
    http://samsungventure.co.kr/english/index_english.html
    
--  YFY Group, Taiwan's largest papermaking conglomerate, recently
    launched an RFID subsidiary, Yeon Technologies Co., Ltd., providing value-
    added UHF RFID services that boost operating efficiency and help companies
    keep up with the global trends. http://www.yfy.com
    

"Continued strategic investment by prominent, global companies is further validation of Impinj's UHF RFID market leadership position," said Michael Liard, RFID & Contactless Research Director at ABI Research. "Impinj is also creating a cohesive RFID ecosystem with investors, RFID infrastructure providers, other RFID technology developers and end users that enables further adoption and continued market development."

"This additional investment puts Impinj in an excellent cash position and will be used for continued development of item-level RFID products and technologies," said William Colleran, president and CEO of Impinj. "We are also very excited by the additional business opportunities made possible by closer relationships with this group of respected and well-connected companies."

"Impinj's significant contributions to global RFID technology adoption are impressive," said Brian Kang, managing director of Samsung Ventures. "Our strategic investment in Impinj represents a strong commitment to the RFID industry and the innovative companies that are enabling its growth."

In addition to customer successes in the pharmaceutical, food safety and retail supply chain sectors, Impinj recently delivered a significant RFID technology breakthrough for item-level tagging of apparel. To date, Impinj has raised more that $110 million in private funding.

About Impinj, Inc.

Impinj, Inc. is a semiconductor and RFID company whose patented Self-Adaptive Silicon® technology enables two synergistic business lines: high-performance RFID solutions and semiconductor intellectual property (IP). Impinj is the leading technical innovator in developing UHF RFID solutions for both item-level and supply-chain tagging worldwide. Impinj draws on its technical expertise and industry partnerships to deliver the GrandPrix™ RFID solution comprising high-performance tags, readers, software, antennas, and systems integration. Impinj also licenses innovative IP products to leading semiconductor companies worldwide, allowing them to seamlessly integrate crucial nonvolatile memory (NVM) alongside analog and digital functionality on a single chip. Impinj's IP products include the popular AEON® family of embeddable cores, which provide rewriteable NVM technology in logic CMOS manufacturing. For more information, visit www.impinj.com.

Impinj, Speedway, Self-Adaptive Silicon, GrandPrix, Monza, and AEON are either registered trademarks or trademarks of Impinj, Inc.

Contact Information

  • Editorial Contacts:
    Jim Donaldson
    Impinj, Inc.
    206-834-1091
    Email Contact

    Lynda Kaye
    Mango Communications for Impinj
    650-799-2888
    Email Contact