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Santa Clara, Calif. – March 5, 2007 –
Intelleflex Corporation, the Intelligent RFID Platform Company, and Mitsubishi Electric Corporation today announced that
they will enter into a technology transfer and license agreement that will enable Mitsubishi to build support for Intelleflex's
"extended memory" Gen2 RFID tags into its reader products for use in Japan. This will enable Mitsubishi, which has been granted
these rights on an exclusive basis among Japanese companies for the three-year term of the agreement, to deliver important new
application solutions, uniquely enabled by the extended capabilities of Intelleflex's RFID technology.
Mitsubishi plans to begin delivering reader products developed around technology secured under this agreement in June of this
year. Intelleflex tags will be available in Japan in the same time frame, through a variety of business partner channels.
Intelleflex’s tags feature 64k bits of user read / write memory, protected under sophisticated block security architecture.
(Conventional Gen2 RFID tags typically support only several hundred bits of user memory.) The ability to store large amounts of
information directly in tag memory is the key to enabling new portable database-powered applications, including uses in
aerospace parts maintenance, manufacturing work-in-process control, advanced asset management and intelligent supply chain optimization.
Last year, Boeing selected Intelleflex as the RFID platform supplier for its intelligent parts marking program on the 787
“Dreamliner” aircraft, identifying the extended memory feature as critical enabling technology toward achievement of
breakthrough goals in maintenance and repair operations. The entire “life history” of frequently serviced parts is
stored in the extended memory of Intelleflex’s tag technology. As a result of the agreement announced today, Mitsubishi
will be able to deliver enhanced reader products in support of this, and many other new applications in the Japanese market.
“Intelleflex has proven themselves as a market leader in innovative RFID products and technologies,” said Yokichi
Hirota, Senior Executive Officer and Electronic Systems Group President of Mitsubishi Electric Corporation. “We see a
significant unmet market need for standards-compatible, feature-rich RFID products for multiple applications in Japan. Mitsubishi
is committed to delivering best-in-class products to our customers in partnership with Intelleflex and are excited about offering
extended memory UHF RFID with their Gen2XM product in Japan.”
Richard Bravman, Intelleflex’s Chairman, President and CEO commented, “We’re delighted to enter into this important
partnership with Mitsubishi Electric. They’re a clear leader in the Japanese market, and will play a central role in our partner
ecosystem there. We look forward to serving the markets that they will help us to develop and support, and to the growth that will
result from our combined work. I see this announcement as another validation of the value we’re creating through the many
innovative features of our Intelligent RFID Platform.”
Mitsubishi Electric will exhibit prototypes of the extended memory RFID technology at IC Card World 2007 in Tokyo, March 6-9, 2007.
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