Intelleflex and Mitsubishi sign technology transfer agreement

Intelleflex Corporation, the intelligent RFID Platform Company, and Mitsubishi Electric Corporation, 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 basis among Japanese companies for the three-year term of the agreement, to deliver new application solutions, 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 block security architecture. 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.

As a result of the agreement announced Mitsubishi will be able to deliver enhanced reader products in support of this, and many other new applications in the Japanese market.

Yokichi Hirota, senior executive officer and electronic systems group president of Mitsubishi Electric Corporation, said, "We see a unmet market need for standards-compatible, feature-rich RFID products for multiple applications in Japan. Mitsubishi is committed to delivering 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, chairman, president and CEO at Intelleflex, stated, "We're delighted to enter into this partnership with Mitsubishi Electric. They 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 features of our Intelligent RFID Platform."

Intelleflex