LS Industrial Systems and Impinj Partner to Deliver High-Performance Gen 2 Radio Frequency Identification Solutions in Korea
Groundbreaking "Powered by Impinj" Agreement Comprises RFID Readers and Chips
December 18, 2006 - Seattle, WA
Leading Korean hardware integrator, LS Industrial Systems, and Impinj, Inc., the global UHF Gen 2 radio frequency identification (RFID) chip and reader supplier, today announced a partnership to deliver high-performance RFID solutions in Korea.
Responding to significant demand from the Korean manufacturing sector for RFID-enabled logistics and distribution capability, LS Industrial Systems will build and distribute a comprehensive RFID solution incorporating Impinj's Speedway™ reader platform and Monza™ Gen 2 tag chips. Available starting in February 2007, the LS Industrial Systems RFID solution targets Korean product distributors, manufacturing companies and government entities requiring RFID technology to improve factory automation and supply chain efficiency.
"Our goal is to quickly become the premier provider of high-performance RFID solutions in Korea," said Ju Hwan Jung, Director of RFID business division at LS Industrial Systems. "This agreement to deliver comprehensive, world-class, 'Powered by Impinj' solutions to leading Korean companies represents an important step toward reaching that goal. By working with Impinj, we also ensure that Korean customers have unprecedented access to the highest performing, most reliable RFID technology available."
"Our partnership with LS Industrial Systems is a significant milestone in the worldwide proliferation of high-performance RFID technology," said William Colleran, president and CEO at Impinj. "Korean customers will benefit immediately from the powerful combination of LS Industrial Systems' extensive hardware integration expertise and Impinj's proven RFID technology. Together, we provide a superior RFID solution that dramatically improves supply chain efficiency."
Available now from value-added reseller (VAR) and original equipment manufacturer (OEM) partners worldwide, "Powered by Impinj" RFID solutions comprising Monza tag chips and Speedway readers are successfully deployed in large North American retail and distribution environments. "Powered by Impinj" RFID solutions support pallet and case-level tracking applications and are also ideal for item-level tracking of pharmaceuticals, apparel, CD/DVDs and many other high-value products. Impinj's Monza chips and Speedway readers carry both EPCglobal's Gen 2 Conformance Certification and Interoperability Certification marks.
Measurable Market Demand
According to recent research from ABI Research, the South Korean market represents significant opportunity for high-performance RFID solutions providers. "The total South Korean RFID hardware market opportunity is expected to reach more than $100 million in 2007, with supply chain management-related applications representing an estimated 10-15%," said Michael Liard, Research Director, RFID &Contactless at ABI Research. "The agreement between LS Industrial Systems and Impinj is an important development for many companies in the region who seek partner-based, complete high-performance UHF Gen 2 RFID systems from local vendors."
About LS Industrial Systems
Based in Seoul, Korea, LS Industrial Systems, formerly LG Industrial Systems Co., Ltd. is the leader in industrial electronic machinery and system market in Korea with utmost technology. Since 2004, LS Industrial Systems designated RFID as one of its core business areas, and built the first and largest RFID production infrastructures in Korea at 2005. For more detailed company information visit http://eng.lsis.biz.
Impinj, Inc. (NASDAQ: PI) wirelessly connects billions of everyday items such as apparel, medical supplies, automobile parts, luggage and food to consumer and business applications such as inventory management, patient safety, asset tracking and item authentication. The Impinj platform uses RAIN RFID to deliver timely information about these items to the digital world, thereby enabling the Internet of Things.
Senior Director, Marketing Communications