SOURCE: Omni-ID
|
March 18, 2008 14:49 ET
Revolutionary RFID Tag, Omni-ID Prox™, Nominated for Best in Show Award by RFID Journal
Omni-ID's Innovative UHF Passive RFID Tag Selected as Top-Ten Finalist for Industry's Most Prestigious Recognition; Product Delivers Unmatched Performance, Even in Harsh Environments
MENLO PARK, CA--(Marketwire - March 18, 2008) - Omni-ID™ (www.Omni-ID.com), a leading
innovator in passive ultra high frequency (UHF) radio frequency
identification (RFID) technology, today announced that its Omni-ID Prox™
tag has been selected as a top-ten finalist for RFID Journal LIVE's Best in
Show award. Omni-ID Prox is a short-range, passive UHF RFID tag that offers
the smallest form factor and unrivaled performance of any similar tag on
the market today. Its innovative, breakthrough design allows the tag to
capture and concentrate RF energy from a standard reader without suffering
interference from surrounding materials, including metals and liquids. With
an excellent price-to-performance ratio, Omni-ID Prox enables end-users to
reliably and accurately track their organizations' assets and stock levels
in harsh environments and in applications with little available real
estate.
"We are thrilled about Omni-ID Prox being nominated for RFID Journal's
prestigious Best in Show award," said Thomas C. Pavela, President and CEO
of Omni-ID. "This honor is particularly gratifying for us as we just
formally launched the company in February. Our scientists and engineers
designed and built Omni-ID Prox to provide the highest level of quality,
performance and accuracy. It is their passion for innovation and strong
customer focus that is driving everything we do at Omni-ID, and which
enabled us to create and offer a truly groundbreaking product such as
Omni-ID Prox."
The Omni-ID Prox tag was specifically designed for asset identification
where increased visibility and asset registration are essential. It
delivers unmatched precision in the tracking of smaller high-value assets,
electronic devices, communications and network cards, servers, and other
assets or applications that demand high performance. In addition, Omni-ID
Prox can be utilized to track tools or products during manufacturing as
well as manage asset rentals.
The 10 Best in Show award finalists were selected by RFID Journal editor,
Mark Roberti, and four distinguished industry expert judges, including:
-- Harold Boeck, Professor, Quebec's Universite de Sherbrooke
-- Bill Hardgrave, Director, RFID Research Center at the University of
Arkansas
-- Gordon S. Holder, Retired Vice Admiral, U.S. Navy and Principal, Booz
Allen Hamilton, Inc.
-- Fred Riggins, Assistant Professor, Carlson School of Management at the
University of Minnesota
During the RFID Journal LIVE tradeshow, April 16 -18 at the Venetian Hotel
in Las Vegas, the 10 finalists will present their product or technology to
the panel of judges and show attendees, who will then vote for their
favorite. The Best in Show award winner will be announced after the show on
the RFID Journal web site.
Serving New Markets
Omni-ID's strategic focus is to provide affordable, high performance RFID
solutions to markets previously underserved by this technology, including
information technology, telecommunications, industrial and retail
industries. The company will be releasing additional passive, UHF RFID tags
in the coming months to serve a larger range of RFID needs. Launched as a
stand alone company from international defense and security technology
company, QinetiQ, Omni-ID is backed by QinetiQ Ventures LP, a technology
venture fund managed by partners from Cody Gate Ventures LLP. These
partners have a proven track record of more than 20 years as venture
investors, entrepreneurs, and business builders.
NOTE: Omni-ID will be hosting a press conference at RFID Journal LIVE on
Thursday, April 17th at 1pm in the Bassano Ballroom (#2702) in the Congress
Center of the Venetian Hotel in Las Vegas. The company's exhibit will be at
booth #353.
About Omni-ID
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 traditional problems
associated with RFID, including the inability to work reliably in harsh
environments, Omni-ID offers cost efficient RFID solutions with accurate
and reliable performance in the presence of metal and liquids. 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.
About QinetiQ Ventures LP
QinetiQ 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.
About Cody Gate Ventures LLP
Cody 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.