Alien Technology today announced that it has secured an aggregate of $10.9 million in new financing, led by existing investors Advanced Equities, New Enterprise Associates (NEA), and Sunbridge Partners.
Despite challenging economic conditions in the 1st half of 2009, sales in the RFID industry are suggesting a healthy path to recovery. Alien is pleased to report an all-time record volume quarter for RFID IC and Inlay sales for the quarter ending December 2009. Alien's inlay and IC volumes have been growing at a rate of approximately 50% quarter over quarter for the past 2 quarters.
Along with the 2009 economic challenges came fruitful opportunities. One very successful example was a response to fluctuating volumes and a transition from a fixed-cost inlay manufacturing process to a scalable, varibable-cost process. As a result, Alien fully transitioned to an all new inlay product family in 2009, along with innovative, new features in its industry leading Higgs™-3 RFID IC. Additionally, a new and improved enterprise category reader was announced for the European market.
Further, Alien is pleased to announce positive developments related to all patent infringement claims asserted against Alien's Gen2 tag products. All infringement claims alleged have either been adjudicating in Alien's favor on summary judgment for non-infringement, stayed following initial rejection by the US Patent and Trademark Office upon reexamination, or voluntarily withdrawn.
Next week Alien will be hosting its 2010 Global Alien User and Partner Conference in Dayton, OH, adjacent to its RFID Solutions Center where over 100 partners and end users from around the world will meet to share innovations, strategies, experiences, and the newest RFID developments.
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