ThingMagic in investment agreement with In-Q-Tel
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Cambridge: ThingMagic, a developer of radio frequency identification (RFID) technology, has announced a strategic investment and technology development agreement with In-Q-Tel, an independent strategic investment firm that identifies innovative technology solutions to support the mission of the broader U.S. Intelligence Community. Through this strategic partnership, ThingMagic will expand the development of its RFID reader and sensor technology to facilitate the integration of RFID and sensors into a wider range of applications. ThingMagic specializes in the development of RFID readers, sensors, and embedded RFID technologies including fixed and embedded RFID readers, embedded and OEM RFID technology, as well as professional services that facilitate the integration of RFID into a wide range of government, industrial and consumer applications. ThingMagic's customers include retailers, consumer companies, automotive firms, manufacturers, and industrial automation firms. "ThingMagic is a critical addition to our portfolio of wireless technologies," said Ben Levitan, Partner at In-Q-Tel. "We review thousands of innovative business plans but invest in only those few that address the most difficult technology challenges faced by both commercial enterprises and the national security community. ThingMagic's innovative RFID technology and research on wireless sensors offers great promise for both the private and public sectors."

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