Impinj Ships 50 Billionth Tag Chip and 3 Millionth Connectivity Device
New RAIN RFID milestones underscore progress on expanding the Internet of Things by 1,000×, connecting everyday things.
We are excited to announce that we have shipped more than 50 billion tag chips and three million reader ICs and readers, extending the Internet to everyday “things.” This achievement reflects the adoption of the Impinj platform for digital transformation across diverse markets including retail, supply chain and logistics, healthcare, automotive, and air transportation.
Together with our partners, we’re building a boundless Internet of Things, helping businesses reap the benefits of digital transformation. We envision a future where people engage a connected thing from its point of manufacture, across the supply chain, and ultimately to your home. We will continue to make RAIN RFID easier to access and use as we enable connectivity for trillions of everyday things, ultimately improving people’s lives.
We announced the shipment of our first 25 billion endpoint ICs in 2018. Since then, we have focused on expanding our product portfolio and partner network, reaching the 50 billion milestone in just over 2 years. This significantly faster adoption illustrates the opportunity available for RAIN RFID and IoT expansion.
“We believe the opportunity for RAIN RFID is vast and largely untapped,” said David Krebs, executive vice president for enterprise mobility and the connected worker at VDC Research. “We expect volumes to increase significantly for the next few years with increasing demand in retail hard goods, in logistics for cross-docking workflows and dock-door visibility, in food traceability and automation, and in the postal/courier sector to support parcel logistics applications.”
“By enabling total inventory accuracy, RAIN RFID unlocks a host of benefits including labor efficiency, inventory maximization, transportation cost reductions, and improved omnichannel functionality,” said Marshall Kay, founder of the prominent consultancy RFID Sherpas. “Retailers who made early investments in RAIN RFID are more agile than their peers. Having benefited greatly from that agility during the pandemic, I fully expect they will now extend the value of RAIN RFID to self-checkout, loss analytics, and simplified returns processing.”
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Wednesday, February 10, 2021