Alien Technology Secures Funding

  • Posted on 10 March 2010

Alien Technology has secured an aggregate of US$10.9 million in financing, led by existing investors Advanced Equities, New Enterprise Associates (NEA), and Sunbridge Partners.

Despite challenging economic conditions in the 1st half of 2009, sales in the Radio Frequency Identification (RFID) industry are suggesting a healthy path to recovery. Alien has reported an all-time record volume quarter for RFID IC and Inlay sales for the quarter ending December 2009. The company’s inlay and IC volumes have been growing at a rate of approximately 50 percent quarter over quarter for the past two quarters.

Along with the 2009 economic challenges came fruitful opportunities. One example was a response to fluctuating volumes and a transition from a fixed-cost inlay manufacturing process to a scalable, varibable-cost process. As a result, Alien fully transitioned to a new inlay product family in 2009, along with innovative, new features in its industry leading Higgs-3 RFID IC. Additionally, an improved enterprise category reader was announced for the European market.

Alien Technology, www.alientechnology.com