PRESS RELEASES
Alien Technology® Names Charles G. Alvarez as New VP of Finance and Chief Financial Officer
New CFO Brings Strengths in Leadership and Corporate Finance
July 28, 2006, Morgan Hill, CA – Alien Technology Corporation, the RFID industry leader, today announced the appointment of Charles G. Alvarez to the position of Vice President of Finance and Chief Financial Officer.
Alvarez brings to Alien® over 31 years of extensive financial management and administration experience across a range of technology markets, including broadband, electronic design automation, and semiconductors. In his role at Alien, Alvarez will lead the finance and information technology arms of the organization and will have responsibility for accounting and reporting, strategic planning and analysis, treasury, tax, audit, and investor relations. He will report to Alien Chief Executive Officer, George Everhart.
“Charlie has an excellent background in both finance and business leadership,” said George Everhart, CEO of Alien Technology. “Having financial management expertise in both the public and private sector, gives him the ability to contribute broadly to our finance, operations and business strategy. His insight and leadership experience will be valuable in managing the company through our next phase of growth.”
Prior to joining Alien, Alvarez was EVP Finance and CFO for 2Wire, a provider of broadband solutions for the residential market; was SVP Finance and Administration and CFO for Verisity, Ltd., a provider of verification process automation solutions which he took public in 2001 and which was the top performing IPO that year; was VP Finance and Administration and CFO for Alliance Semiconductor, a semiconductor company. Alvarez also held a series of executive leadership positions with LSI Logic and General Electric Company.
"I am excited to join Alien at an important juncture in the RFID industry, as we accelerate from early adoption to mainstream support for RFID to improve productivity, investment return and business intelligence, " said Alvarez. "Alien is an RFID innovation leader and with our partners, we will continue to scale this great company to help RFID become an industry-wide success."
Alvarez holds B.A. and M.A. degrees in business and economics from San Francisco State University. He also completed the Executive Financial Management Program at the Stanford University Graduate School of Business and from the Executive Management Program at the UC Berkeley Haas Graduate School of Business.
About Alien Technology
Founded in 1994, Alien Technology is a leading technology and product provider of UHF Radio Frequency Identification (RFID) Integrated Circuits (IC), tags, readers and professional services. Alien Gen 2 products, along with software solutions from partners, help solve business problems for customers to improve productivity, processes, security and asset tracking for closed-loop and supply chain systems. These solutions are currently implemented in industries such as consumer packaged goods, retail, manufacturing, transportation, airports and cargo logistics, government and defense, and more. 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. Quatrotec, Inc., a wholly owned subsidiary of Alien Technology, is a specialized professional services and technology firm that provides complete solutions to meet the sophisticated requirements of the transportation industry. Alien’s facilities include corporate headquarters in Morgan Hill, CA; RFID tag manufacturing facility in Fargo, ND; the Alien RFID Solutions Center in Dayton, OH; Quatrotec’s offices at the San Francisco International Airport (SFO); and sales offices in the US, Europe and Asia. Alien is a member of EPCglobal. For more information please visit www.alientechnology.com.
Alien, Alien Technology, the Alien logo, Higgs, Intelligent Tag Radar, ITR-Singulation, ITR-Range, ITR-Directionality, ITR-Velocity, and FSA®, are trademarks or registered trademarks of Alien Technology Corporation in the United States and other countries. Copyright 2008 Alien Technology Corporation. All rights reserved.
