Alien Technology® Secures $33 Million In New Round Of Funding
MORGAN HILL, Calif.--(BUSINESS WIRE)--Alien Technology today announced that is has secured an aggregate of $33 million in new financing, led by Advanced Equities and Sunbridge Partners. Joining lead investors in the new round of funding are existing Alien investors Rho Ventures and NEA. With this round of financing, the capital invested in Alien totals more than $291 million. Alien’s revenue for the first half of FY07 grew 43% over the second half of FY06, while net cash used in operating activities declined 50% from the second half of FY06.
About Alien Technology
Alien Technology provides UHF Radio Frequency Identification (RFID) products and services to customers in retail, consumer goods, manufacturing, defense, transportation and logistics, pharmaceuticals and other industries. Organizations use Alien’s RFID products and services to improve the effectiveness, efficiency and security of their supply chains, logistics and asset tracking operations. Alien’s products include RFID tags, RFID readers and related training and professional services. Alien’s patented Fluidic Self Assembly (FSATM) technology and related proprietary manufacturing processes are designed to enable the manufacture of high volume, low cost RFID tags.
Alien was founded in l994. The company’s facilities include: its corporate headquarters in Morgan Hill, CA; an RFID tag manufacturing facility in Fargo, ND; the Alien RFID Solutions Center, in the Dayton, Ohio area, and sales offices in the US, Europe and Asia. Alien is a member of EPCGlobal. More information about Alien is available at www.alientechnology.com.
Alien, Alien Technology, the Alien logo and FSA, are trademarks or registered trademarks of Alien Technology Corporation in the United States and other countries.
Copyright 2007 Alien Technology Corporation. All rights reserved.
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