Identity, Security, Payments, Biometrics, Smart Cards and Authentication News

Lockheed Buys Savi

Friday, May 5, 2006
Military contractor Lockheed Martin Corp. on Thursday said it will buy privately held Savi Technology Inc., a maker of radio frequency identification software and hardware, for an undisclosed amount. Retailers and shippers have started using RFID tags as a replacement for barcodes to track cargo and inventory. The tags emit unique radio signals that can be received remotely. Savi is a contractor for the Department of Defense as well as civil agencies and businesses.”

Codebench Inc. announced that Intercede, a provider of identity and credential management software, has integrated its MyID system with Codebench’s IDSync software development kit to make MyID compatible with more than 25 different physical access control systems. The addition of the IDSync SDK eliminates the need for Intercede to write its own interfaces for a range of physical access control systems.

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Facebook has acquired Tagtile, a San Francisco based start-up that offers an NFC-enabled mobile marketing and loyalty rewards service for small businesses and merchants.

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UPM RFID announced the new UPM Web ultra-high frequency (UHF) and UPM Trap near field (NF) UHF inlays based on the Monza RFID chip from Impinj.

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In an effort to sell and/or license part of its patent portfolio, Massachusetts-based Aware Inc. has signed an agreement to sell some of its patents and patent applications to Intel Corporation for $75 million.

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MissionTix, a Baltimore-based ticketing service, announced a new reusable ticketing wristband, containing a unique NFC chip to offer an alternative means of entry for ticket buyers at participating venues.

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A new study reveals the market for RFID transponders, readers, software and services will generate more than $70.5 billion from 2012 to the end of 2017.

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