Alien Technology Files for Initial Public Offering

RFID specialist looks to raise $120 million through IPO

RFID specialist looks to raise $120 million through IPO

Morgan Hill, CA — April 14, 2006 — Auto-ID specialist Alien Technology has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of approximately $120 million of its common stock, the company announced on Thursday.

Alien said that it expected that all shares sold in the offering will be sold by the company. Bear, Stearns & Co. is acting as book-running manager for the offering, with Cowen & Company, Robert W. Baird & Co. and Advanced Equities, Inc. acting as co-managers for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective, according to Alien, which, in its statement on the news, offered no insight into when the statement might become effective.

Alien provides UHF radio frequency identification (RFID) products and services to customers in retail, consumer goods, manufacturing, defense, transportation and logistics, pharmaceuticals and other industries. The company's products include RFID tags, RFID readers and related training and professional services.

Founded in l994, Alien employs about 235 people worldwide. The company's facilities include its corporate headquarters in Morgan Hill, Calif.; an RFID tag manufacturing facility in Fargo, N.D.; the Alien RFID Solutions Center, in the Dayton, Ohio, area; and sales offices in the United States, Europe and Asia. Alien is a member of EPCGlobal.


Additional Articles of Interest

— Contemplating RFID? Here are three critical questions to answer before embarking on a radio frequency identification initiative. Read "Recognizing Real RFID Adoption Potential," in the February/March 2006 issue of Supply & Demand Chain Executive.

— A recent independent study revealed that Wal-Mart customers are finding the items they wanted in stock more often due to the retailer's use of RFID technologies when compared to control stores. Read more in "Wal-Mart Achieving Improved On-shelf Availability with RFID, Study Finds" on SDCExec.com.