Savi Technology

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Savi Technology is USA company providing supply chain solutions. It is headquartered in Sunnyvale, California, and has offices in Johannesburg South Africa, London UK, Singapore, Australia, and Washington D.C. USA. Savi was founded in 1989 and is a wholly owned subsidiary of Lockheed Martin, managed by Lockheed Martin Integrated Systems & Solutions in Gaithersburg, Maryland.

It provides real-time RFID solutions that manage and secure global supply chain assets. It also designs and implements product-tracking and asset management systems, using RFID, barcode, cellular and satellite communications. It is the primary technology provider for the wireless cargo-monitoring network for the United States Department of Defense.

On May 4 2006, Lockheed Martin Corporation announced it had entered into a definitive agreement to acquire Savi Technology. The terms of the transaction were not disclosed. "Savi's talented team of employees has successfully developed a complete line of active RFID solutions. The acquisition of this innovative company is consistent with our strategy of making investments that significantly enhance the capabilities we can offer our customers," said Robert J. Stevens, Lockheed Martin's Chairman, President, and CEO.

[edit] External links

• Savi Technology Homepage