Savi Technology, Hutchison Port Holdings Establish New Company
Savi Networks LLC to deploy RFID network to track, manage ocean cargo shipments
Concurrent with the formation of Savi Networks, HPH also has made a US$50 million investment in privately held Infolink Systems Inc., the parent of Savi Technology, which will provide HPH with slightly less than 10 percent of Infolink on a fully diluted basis.
Other Infolink shareholders include Temasek Holdings, a major shareholder in leading transportation companies such as PSA International, Neptune Orient Lines and Singapore Airlines; SembCorp Logistics; Mitsui and Co., Ltd.; Oracle Corp.; TIBCO Software Inc.; and United Parcel Service (UPS).
For more information on trends relating to radio frequency identification, follow this link for an extensive listing of SDCExec.com articles, featuring the latest research findings on the RFID, including adoption, return on investment and barriers to implementation.
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