RFID technology is segment of programmed information collection, I.D. and place systems worldwide, addressing vicious capability needs opposite many industries. A colonize in the UHF RFID market, ThingMagic will go on to offer high-performance prearranged and embedded RFID readers and services to customers in a far-reaching operation of attention verticals from building to transportation.
"Adding ThingMagic's RFID technology and network formation skill will allow Trimble to erect more thorough and able solutions for its existing markets and potentially supply access in to new markets," mentioned Jurgen Kliem, clamp boss of Trimble's plan and business development. "Similar to the extensive formation of GPS in to today's positioning solutions, you think RFID can renovate markets and is a innate element to the existing technology portfolio."
"We surpass in deploying high-performance RFID technology in to high-value solutions for customers," mentioned Tom Grant, chairperson and CEO of ThingMagic. "Our RFID value amalgamated with Trimble's universal attain and domain skill is a burly stage that can capacitate the next era of RFID applications."
The working results of the acquired business will be reported inside of Trimble's Advanced Devices segment.
About ThingMagic
ThingMagic is a heading provider of UHF RFID reader engines, growth platforms and pattern services for a far-reaching operation of applications. ThingMagic has created products for rigorous high-volume applications with a repute for consistently surpassing customer expectations with its consulting and pattern services to emanate solutions for severe applications. ThingMagic's customers add a few of the world's largest industrial industrialisation firms, manufacturers, automotive companies, retailers, and consumer companies. Headquartered in Cambridge, Massachusetts, the firm was founded in 2000 by a organisation of idealist PhD former students from Massachusetts Institute of Technology's Media Lab. ThingMagic is "The Engine in RFID(TM)"
About Trimble
Trimble relates technology to make margin and mobile workers in businesses and supervision significantly more productive. Solutions are focused on applications requiring position or location--including surveying, construction, agriculture, navy and item management, open safety and mapping. In add-on to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions might add program calm definite to the needs of the user. Wireless technologies are employed to broach the answer to the user and to make sure a parsimonious coupling of the margin and the back office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif.
Certain statements done in this press let go are forward seeking statements inside of the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are done pursuant to the protected port supplies of the Securities Litigation Reform Act of 1995. These statements engage risks and uncertainties, and real events and results might deviate materially from those described in this headlines release. Factors that could result in or minister to such differences include, but are not paltry to, Trimble's ability to erect more thorough and able solutions and come in new markets by of ThingMagic's RFID technology. Additional risks and uncertainties include: the risks fundamental in integrating an acquisition; not anticipated expenditures, charges or insincere liabilities that might result from the acquisition; and maintaining key crew and blurb interaction . More information about promising factors that could start Trimble's business and financial results is set onward in reports filed with the SEC, inclusive Trimble's quarterly reports on Form 10-Q and its annual inform on Form 10-K. All forward seeking statements are formed on information existing to Trimble as of the date hereof, and Trimble assumes no responsibility to refurbish such statements.
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