Alien Technology Corporation Receives $18 Million in Funding.Business Editors/High-Tech Writers MORGAN HILL, Calif.--(BUSINESS WIRE)--April 5, 2004 Alien Technology Alien Technology is a manufacturer of RFID technology. The company is headquartered in Morgan Hill, California, with an RFID tag manufacturing facility in Fargo, North Dakota, the Alien RFID Solutions Center, in the Dayton, Ohio area, and sales offices in the US, Europe and Asia. Corporation announced today the closing of its latest round of financing. The round, which was led by Advanced Equities Inc., totaled $18 million. In addition to Advanced Equities Inc., Lago Ventures Fund and Forsythe Technology made major investments in this round of funding. A new strategic investor, Datalogic, a leading supplier of barcode technology, also participated. "We are very pleased with this additional financing," said Stav Prodromou, Chief Executive Officer. "The funding will reinforce Alien's already strong financial footing such that we can be even more aggressive in our pursuit of the expanding opportunities in the RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. market," Prodromou added. This round brings the total equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. for the company to $143 million. Prior financing has allowed the Company to bring into production its patented manufacturing process, Fluidic flu·id·ic adj. 1. Of, relating to, or characteristic of a fluid. 2. Relating to or controlled by fluidics. Self Assembly(R), and to develop industry leading RFID chips, tags and readers. Tom Baruch, Chairman of Alien Technology(R), commented, "The Company's ability to secure this significant round of financing represents the investment community's endorsement in Alien's technology and its position in the RFID market." About Alien Technology Alien Technology Corporation is a leading provider of reliable, high-volume, low cost, EPC (1) (Entertainment PC) See HTPC. (2) (Electronic Product Code) A standard code for RFID tags administered by EPCglobal Inc. (www.epcglobalinc.org). compliant Radio Frequency Identification See RFID. (RFID) products. Using Fluidic Self Assembly (FSA FSA Financial Services Authority FSA Food Standards Agency (UK) FSA Farm Service Agency (USDA) FSA Financial Services Agency (Japan) (R)), a patented manufacturing process, Alien manufactures electronic product code (EPC) class 1 tags and readers used in a variety of applications including supply chain management, logistics operations and anti-counterfeiting to improve inventory management and reduce operating costs. Alien Technology Corporation is an active member of EPC Global. More information about Alien Technology Corporation can be found on the Company's website at www.alientechnology.com. Alien, Alien Technology and FSA are trademarks or registered trademarks of Alien Technology Corporation in the United States and other countries. |
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