PRESS RELEASES
Alien Technology® Secures $66 Million In New Round Of Funding
July 28, 2005, Morgan Hill, CA — Alien Technology today announced the completion of a $66 million round of financing, led by SunBridge Partners. The financing provides the company with capital to continue its expansion and drive new market opportunities in the face of accelerating global demand for RFID technology. Joining lead investor SunBridge Partners in the new round of funding are existing Alien investors Advanced Equities, Digital Bandwidth, Equitek Capital, Lago Ventures and Miami Valley Venture Fund. This H round of financing brings the total capital invested in Alien to more than $200 million.
"The success of this latest round of financing underscores investor interest in the RFID arena and reinforces Alien's ongoing market and technology leadership," said Stav Prodromou, Chief Executive Officer, Alien Technology. "As a leading pioneer of the UHF RFID industry, we are continuing to invest in state-of-the-art high-volume manufacturing capabilities, advanced product development, expanded customer solution services and facilities, and broadened market reach, including acquisitions such as our recent purchase of transportation segment expert Quatrotec."
"Alien has established itself as the clear leader in RFID technology, from the development of proprietary manufacturing technology that allows the offering of the lowest-cost RFID tags available to refining the highest-performance RFID reader products," said Allen Miner, General Partner, SunBridge Partners. "Alien is uniquely dedicated to delivering customer benefits from RFID, and we look forward to working with the company to extend the proven advantages of RFID adoption to ever broader market segments."
About Alien Technology
Alien Technology provides UHF Radio Frequency Identification (RFID) products and services to customers in retail, consumer goods, manufacturing, defense, transportation and logistics, pharmaceuticals and other industries. Organizations use Alien's RFID products and services to improve the effectiveness, efficiency and security of their supply chains, logistics and asset tracking operations. Alien's products include RFID tags, RFID readers and related training and professional services. Alien's patented Fluidic Self Assembly (FSA) technology and related proprietary manufacturing processes are designed to enable the manufacture of high volume, low cost RFID tags.
Alien was founded in 1994. The company's facilities include: its corporate headquarters in Morgan Hill, CA; an RFID tag manufacturing facility in Fargo, ND; the Alien RFID Solutions Center, in the Dayton, Ohio area, and sales offices in the US, Europe and Asia. Alien is a member of EPCglobal. More information about Alien is available at www.alientechnology.com.
Alien, Alien Technology, the Alien logo, Squiggle and FSA, are trademarks or registered trademarks of Alien Technology Corporation in the United States and other countries. Copyright 2007 Alien Technology Corporation. All rights reserved.
