Savi Technology and AVAANA Team Up to Deliver RFID Supply Chain Solutions to India Market
Mountain View, Calif. and New Delhi, 01/23/2008 -- Savi Technology, a Lockheed Martin [NYSE: LMT] company, and India-based AVAANA™ have entered into a strategic partnership for active Radio Frequency Identification (RFID)-based supply chain solutions, products and services to prospective government and commercial customers in India. The partners announced today that they have signed an exclusive teaming and marketing agreement focused on markets in India.
The regional partnership was developed to leverage the technology expertise and geographic knowledge base of the two companies in delivering state-of-the-art, real-time solutions that enhance the visibility, management, security and efficiency of supply chains in India, especially in the government, defense, homeland security and transportation sectors.
As Savi's partner, AVAANA™ will provide Savi's range of innovative and proven active RFID services and technology products, which have a long history of success working in harsh and diverse environments.. AVAANA™ will collaborate with Savi to deliver Savi's customized active RFID-based solutions that are mission-critical to customers.
The powerful synergies created by the Savi-AVAANA partnership in India will help deliver leading-edge supply chain and infrastructure solutions to one of the world's largest and most rapidly growing economies, said Bruce Jacquemard, Savi's managing director of International Business. AVAANA's proven RFID experience, technology expertise, innovation, and relationships make it the perfect partner for Savi in the India marketplace.
There is tremendous interest in India to capitalize on the proven benefits of active RFID, and Savi Technology clearly has distinguished itself as a world leader and innovator in this field, said Bimal Sareen, chief executive officer of AVAANA. From defense and homeland security to transportation and port infrastructure, the opportunities to apply active RFID solutions with Savi in India are diverse and vast.
AVAANA Systems & Services Pvt. Ltd. is a technology, innovation and integration services company focused on the high growth RFID technology market. An Indian company headquartered in New Delhi, AVAANA™ has been instrumental in pioneering RFID technology in the region. AVAANA™ provides complete standards-based and custom RFID solutions that are proven to work in mission-critical and production environments. These enable organizations to create and maintain a competitive edge to their businesses by enhancing operational efficiency, security, and reducing costs. For additional information, visit www.avaana.com.
With over 17 years of experience, Savi is a proven leader in RFID solutions for the management and security of supply chain assets, shipments and consignments. Savi's integrated RFID hardware and software solutions drive business value, such as reducing supply chain assets, inventory and operational costs. Founded in 1989, Savi Technology is a wholly-owned subsidiary of Lockheed Martin, with headquarters in Mountain View, California, and offices in London, Melbourne, Singapore, and Washington D.C. For more information, visit www.savi.com.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.