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Savi and Partners Launch RFID Solution for Oil and Gas Industry; Wireless System Automatically Tracks and Manages Supplies

Posted on: Thursday, 5 November 2009, 08:00 CST

MOUNTAIN VIEW, Calif., Nov. 5 /PRNewswire-FirstCall/ -- Savi, a Lockheed Martin (NYSE: LMT) company, has formed an oil and gas strategic alliance with Shipcom Wireless and KBR Wireless, who are offering a complete software solution that links with Radio Frequency Identification (RFID) technology to instantly track and manage supplies transported between onshore and offshore oil and gas facilities worldwide.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080123/AQW081LOGO)

By automating visibility, asset and shipment management in upstream operations, this newly tailored solution can cut costs and improve performance, efficiency, security and regulatory compliance.

[A full version of this press release can be found at, http://www.savi.com/about/press-releases/2009-11-04.php]

The Savi SmartChain® Enterprise Platform and Asset Management application underpin the alliance's combined solution, which leverages real-time data from Savi's active RFID tags and KBR's passive RFID tags, which can be affixed to all kinds of oil and gas assets.

"Already making a difference in other industries, the Savi SmartChain® suite now can go to work with our partners to improve operational performance in the global oil and gas sector," said David Stephens, chief executive officer of Savi Technology.

"Our partnership with Savi and KBR Wireless unifies the most effective software and hardware technology platforms within the energy sector to address critical business needs of the industry," adds Abeezar Tyebji, chief executive officer of Shipcom Wireless.

"At a time when it's essential for the oil and gas industry to discover more operational efficiency, our partnership with Savi and Shipcom provides unprecedented visibility and control over inventory and assets across the oil and gas industry's entire value chain," adds Konrad Konarski, vice president of KBR Wireless and co-founder of the Oil & Gas RFID Solution Group, an educational group focused on broad supply chain issues.

As a wholly owned subsidiary of Lockheed Martin [NYSE: LMT], Savi is a leading provider of supply chain information and technology solutions and services. For more information, visit www.savi.com.

Shipcom is a leading provider of integrated supply chain execution software solutions focused on the RFID and enterprise mobility markets.

KBR Wireless LLC is a leading provider of automatic identification and wireless solutions for the energy sector.

SOURCE Savi Technology - Lockheed Martin

Source: PR Newswire

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